UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-21779
JOHN HANCOCK FUNDS II
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(Exact name of registrant as specified in charter)
601 CONGRESS STREET, BOSTON, MA 02210-2805
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(Address of principal executive offices) (Zip code)
SALVATORE SCHIAVONE, 601 CONGRESS STREET, BOSTON, MA 02210-2805
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(Name and address of agent for service)
Registrant's telephone number, including area code: (617) 663-4497
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Date of fiscal year end: 12/31
Date of reporting period: 6/30/18
ITEM 1. REPORTS TO STOCKHOLDERS.
The Registrant prepared two semiannual reports to shareholders for the period ended June 30, 2018. The report applies to the 5 Multimanager Lifestyle Portfolios and the Retirement Income Fund 2040 report.
John Hancock
Multimanager Lifestyle Portfolios
Semiannual report 6/30/18
A message to shareholders
Dear shareholder,
Financial markets around the world have experienced a meaningful rise in volatility so far this year, particularly when compared with the unusual calm of 2017. Although some in the asset management community believe it will be temporary, we have suggested for some time that the era of extremely low volatility would eventually come to an end, and that now appears to be the case. The robust economic growth in the United States has been periodically undermined by announcements of new rounds of tariffs and heightened fears of a full-blown trade war with China. The biggest threat today to the nine-year bull market may in fact be policy uncertainty, a theme that will likely only become more pronounced as we head into November's midterm elections.
The short-term uncertainty notwithstanding, the good news is that the asset prices are ultimately driven by fundamentals, and those continue to appear extremely supportive. Unemployment sits close to historic lows, consumer confidence is up and trending higher, and the housing market has continued to experience support from rising construction activity. That said, not all asset classes have benefited from the strong economic foundation in the United States. The dollar has strengthened significantly year to date, and the U.S. Federal Reserve has raised short-term interest rates twice in 2018 and appears on track for two more increases by year end. Against this backdrop, fixed-income and international investors have faced some challenging headwinds that may not abate in the near future.
Your best resource in unpredictable and volatile markets is your financial advisor, who can help position your portfolio so that it's sufficiently diversified to meet your long-term objectives and to withstand the inevitable turbulence along the way.
On behalf of everyone at John Hancock Investments, I'd like to take this opportunity to welcome new shareholders and to thank existing shareholders for the continued trust you've placed in us.
Sincerely,
Andrew G. Arnott
President and CEO,
John Hancock Investments
Head of Wealth and Asset Management,
United States and Europe
This commentary reflects the CEO's views, which are subject to change at any time. Investing involves risks, including the potential loss of principal. Diversification does not guarantee a profit or eliminate the risk of a loss. It is not possible to invest directly into an index. For more up-to-date information, please visit our website at jhinvestments.com.
John Hancock
Multimanager Lifestyle Portfolios
Table of contents
2 | Multimanager Lifestyle Portfolios at a glance | |
5 | Discussion of portfolio performance | |
9 | Multimanager Lifestyle Aggressive Portfolio | |
10 | Multimanager Lifestyle Growth Portfolio | |
11 | Multimanager Lifestyle Balanced Portfolio | |
12 | Multimanager Lifestyle Moderate Portfolio | |
13 | Multimanager Lifestyle Conservative Portfolio | |
14 | Your expenses | |
18 | Portfolios' investments | |
25 | Financial statements | |
30 | Financial highlights | |
40 | Notes to financial statements | |
63 | Continuation of investment advisory and subadvisory agreements | |
69 | More information |
Multimanager Lifestyle Portfolios at a glance
PERFORMANCE HIGHLIGHTS OVER THE LAST SIX MONTHS
The financial markets experienced unsteady performance in the first half of the year
While U.S. equity indexes gained ground in the six-month period, most international equity and fixed-income indexes closed in negative territory.
The portfolios trailed their benchmarks and peer groups
The portfolios with the highest weighting in bonds produced the lowest absolute returns.
Asset allocation and manager selection detracted across most portfolios
Manager selection detracted from performance in all portfolios except the Multimanager Lifestyle Aggressive Portfolio, while asset allocation was a detractor in all but the Multimanager Lifestyle Conservative Portfolio.
PORTFOLIO ALLOCATION AS OF 6/30/18 (%)
AVERAGE ANNUAL TOTAL RETURNS AS OF 6/30/18 (%)
Multimanager Lifestyle Aggressive Portfolio
Multimanager Lifestyle Growth Portfolio
Multimanager Lifestyle Balanced Portfolio
AVERAGE ANNUAL TOTAL RETURNS AS OF 6/30/18 (%)
Multimanager Lifestyle Moderate Portfolio
Multimanager Lifestyle Conservative Portfolio
Lifestyle Aggressive Blended Index is composed of 70% Russell 3000 Index and 30% MSCI All Country World ex-USA Index.
Lifestyle Growth Blended Index is composed of 56% Russell 3000 Index, 24% MSCI All Country World ex-USA Index, 16% Bloomberg Barclays U.S. Aggregate Bond Index, and 4% ICE Bank of America Merrill Lynch U.S. High Yield Master II Index.
Lifestyle Balanced Blended Index is composed of 42% Russell 3000 Index, 18% MSCI All Country World ex-USA Index, 32% Bloomberg Barclays U.S. Aggregate Bond Index, and 8% ICE Bank of America Merrill Lynch U.S. High Yield Master II Index.
Lifestyle Moderate Blended Index is composed of 28% Russell 3000 Index, 12% MSCI All Country World ex-USA Index, 48% Bloomberg Barclays U.S. Aggregate Bond Index, and 12% ICE Bank of America Merrill Lynch U.S. High Yield Master II Index.
Lifestyle Conservative Blended Index is composed of 14% Russell 3000 Index, 6% MSCI All Country World ex-USA Index, 64% Bloomberg Barclays U.S. Aggregate Bond Index, and 16% ICE Bank of America Merrill Lynch U.S. High Yield Master II Index.
It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower.
The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Returns for periods shorter than one year are cumulative, and results for other share classes will vary. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and can be found at jhinvestments.com or by calling 800-225-5291. For further information on the portfolios' objectives, risks, and strategy, see the portfolios' prospectuses.
An interview with Portfolio Manager Nathan W. Thooft, CFA, John Hancock Asset Management a division of Manulife Asset Management (US) LLC
![nathanwthooft.jpg](https://capedge.com/proxy/N-CSRS/0001145443-18-000624/nathanwthooft.jpg)
Nathan W. Thooft, CFA
Portfolio Manager
John Hancock Asset Management
How did the global financial markets perform during the six months ended June 30, 2018?
The markets experienced generally soft returns and increased volatility in the first half of the year, which marked a shift from the more favorable environment of 2017. The relative strength of the U.S. economy was the primary driver of performance across asset classes. The United States continued to experience a healthy expansion, with strength in employment, housing prices, and both consumer and business spending. In conjunction with the tax cuts passed in late 2017, the robust economic backdrop fueled a meaningful increase in corporate earnings estimates.
These circumstances proved highly supportive for U.S. equities, leading to gains for the major indexes. In a continuation of a multi-year trend, growth stocks finished well ahead of value as investors continued to gravitate to faster growers in general, and to mega-cap technology companies in particular. Small caps, which were well positioned to capitalize on U.S. economic growth through their domestic focus, comfortably outpaced their large-cap counterparts.
Although U.S. equities registered gains, both developed- and emerging-market international indexes finished in negative territory. These categories lagged due in part to the combination of shifting U.S. trade policy and slowing growth outside of the United States. The faster growth of the U.S. economy also led to strength in the dollar versus most major foreign currencies, which depressed the returns of international stocks for U.S.-based investors. The emerging markets, which faced the additional challenge of political and/or economic uncertainty in a number of larger nations in the asset class, were particularly weak performers.
The U.S. economic expansion also proved to be a headwind for the bond market in that it fostered expectations for continued interest-rate increases by the U.S. Federal Reserve (Fed). The Fed boosted short-term rates by a quarter point at its meetings in both March and June, and expectations generally favored two to three additional hikes in the second half of the year. U.S. Treasuries weakened as a result, as did corporate issues and other rate-sensitive market segments. Conversely, high-yield bonds and leveraged loans—which tend to benefit from improving economic growth due to their lower credit quality—delivered modest gains.
How did the portfolios perform?
The more aggressive portfolios in the series finished in positive territory due to their higher weightings in U.S. equities. All five portfolios generated returns just under those of their respective benchmarks and peer groups.
How were the portfolios positioned as of the end of the period?
We maintained a steady approach with only marginal shifts to the portfolios' allocations in the first half of the year, as we continued to emphasize value, fundamentals, and diversification as the cornerstones of our strategy.
In terms of our broader positioning, we sought to keep the portfolios' weightings in stocks and bonds fairly close to our long-term targets. This represents a contrast versus the past two years, during which we positioned them with a higher risk profile through an overweight in equities. We believe taking a more neutral approach is appropriate at a time of rising interest rates, relatively rich stock market valuations, and elevated headline risk. We think these factors also underscore the importance of continuing to hold a position in defensive equities. Although this aspect of our strategy has been out of step with the strong market of recent years, we believe its value will become evident once growth stocks' relative performance begins to cool.
We have a long-standing allocation to absolute return strategies designed to produce performance that's somewhat independent of the traditional asset classes. Our expectation was that, although such strategies were unlikely to keep pace with stocks during strong rallies, they would provide diversification through their ability to hold up better in down markets. However, given that these categories continued to lag even after volatility started to pick up in the first half of the year, we began to reduce the portfolios' weighting in this area. In the conservative, moderate, and balanced portfolios, we reallocated the proceeds to short-term U.S. Treasury bills, which had begun to offer more compelling yields in the wake of multiple Fed interest-rate increases. In the growth and aggressive portfolios, we shifted toward small- and mid-cap domestic equities.
On the fixed-income side, we continued to look for opportunities outside of the interest-rate-sensitive core bond space. At a time of healthy growth trends and ongoing monetary tightening by the Fed, we see greater potential for outperformance in the credit-oriented segments of the market.
Can you tell us about the recent manager change?
Effective July 12, 2018, Robert M. Boyda is no longer part of the management team. He is retiring, and we wish him well. The portfolios will continue to be managed by myself and Robert E. Sykes.
MULTIMANAGER LIFESTYLE AGGRESSIVE PORTFOLIO
The portfolio's Class A shares returned 1.03%, excluding sales charges, and its custom blended benchmark rose 1.11%. The funds in Morningstar's allocation 85%+ equity fund category averaged a gain of 1.14%. The relative performance of the portfolio's underlying managers was a small contributor to performance, but asset allocation detracted.
Asset allocation was a net detractor from returns. The portfolio was hurt by its tilt toward defensive equities in the U.S. large-cap segment, which was out of step with a market in which faster-growing and momentum-driven stocks generally outperformed. An overweight in emerging-market equities also detracted from results, as did an allocation to absolute return strategies.
On the plus side, the portfolio benefited from allocations to technology and healthcare stocks in its dedicated sector portfolio. An allocation to the real assets category, which benefited from the rally in the energy sector, was an additional positive.
In terms of manager selection, the portfolio benefited from the strong outperformance of Mid Cap Stock (Wellington) and Mid Value (T. Rowe Price) versus their respective categories. International Growth (Wellington), Blue Chip Growth (T. Rowe Price), and Capital Appreciation (Jennison) were additional contributors of note. On the other end of the spectrum, the largest detractors at the manager level were International Growth Stock (Invesco), Global Equity (JHAM), and Fundamental Large Cap Core (JHAM).
MULTIMANAGER LIFESTYLE GROWTH PORTFOLIO
The portfolio's Class A shares returned 0.37%, excluding sales charges, and its custom blended benchmark rose 0.67%. The funds in Morningstar's allocation 70%-85% equity fund category averaged a gain of 0.44%. The relative performance of the portfolio's underlying managers detracted from results, as did positioning with respect to asset allocation.
Looking first at manager selection, the largest detractors were Global Equity (JHAM), International Growth Stock (Invesco), and Global Shareholder Yield (Epoch). Conversely, the portfolio benefited from the strong outperformance of Mid Cap Stock (Wellington) and Mid Value (T. Rowe Price) versus their respective categories.
Asset allocation was a net detractor from returns. The portfolio was hurt by its tilt toward defensive equities in the U.S. large-cap segment,
which was out of step with a market in which faster-growing and momentum-driven stocks generally outperformed. Overweights in both stocks and bonds in the emerging markets further detracted from results, as did an allocation to absolute return strategies.
On the plus side, the portfolio benefited from allocations to technology and healthcare stocks in its dedicated sector portfolio. An allocation to the real assets category, which benefited from the rally in the energy sector, was an additional positive.
MULTIMANAGER LIFESTYLE BALANCED PORTFOLIO
The portfolio's Class A shares declined 0.13%, excluding sales charges, and its custom blended benchmark rose 0.21%. The funds in Morningstar's allocation 50%-70% equity fund category averaged a loss of 0.11%. The relative performance of the portfolio's underlying managers detracted from results, as did positioning with respect to asset allocation.
Looking first at manager selection, the largest detractors were Global Equity (JHAM), Strategic Income Opportunities (JHAM), International Growth Stock (Invesco), and Global Shareholder Yield (Epoch). Conversely, the portfolio benefited from the strong outperformance of Mid Cap Stock (Wellington) and Mid Value (T. Rowe Price) versus their respective categories.
Asset allocation was a net detractor from returns. The portfolio was hurt by its tilt toward defensive equities in the U.S. large-cap segment, which was out of step with a market in which faster-growing and momentum-driven stocks generally outperformed. Overweights in both stocks and bonds in the emerging markets further detracted from results, as did an allocation to absolute return strategies.
On the plus side, the portfolio benefited from allocations to technology and healthcare stocks in its dedicated sector portfolio. Positions in Treasury Inflation-Protected Securities and leveraged loans within the fixed-income portfolio were additional positives. An allocation to the real assets category, which benefited from the rally in the energy sector, also added value.
MULTIMANAGER LIFESTYLE MODERATE PORTFOLIO
The portfolio's Class A shares lost 0.97%, excluding sales charges, and its custom blended benchmark lost 0.26%. The funds in Morningstar's allocation 30%-50% equity fund category averaged a loss of 0.68%. The relative performance of the portfolio's underlying managers detracted from results, as did positioning with respect to asset allocation.
Looking first at manager selection, the largest detractors were Global Equity (JHAM), Strategic Income Opportunities (JHAM), International Growth Stock (Invesco), and Global Shareholder Yield (Epoch). Conversely, the portfolio benefited from the strong outperformance of Mid Cap Stock (Wellington) and Mid Value (T. Rowe Price) versus their respective categories.
Asset allocation was a net detractor from returns. The portfolio was hurt by its tilt toward defensive equities in the U.S. large-cap segment, which was out of step with a market in which faster-growing and momentum-driven stocks generally outperformed. An overweight in emerging-market bonds further detracted from results, as did an allocation to absolute return strategies.
On the plus side, the portfolio benefited from positions in Treasury Inflation-Protected Securities and leveraged loans within the fixed-income portfolio. An allocation to the real assets category, which benefited from the rally in the energy sector, also added value.
MULTIMANAGER LIFESTYLE CONSERVATIVE PORTFOLIO
The portfolio's Class A shares declined 1.59%, excluding sales charges, and its custom blended benchmark lost 0.76%. The funds in Morningstar's allocation 15%-30% equity fund category averaged a loss of 1.02%. Asset allocation was a small contributor to performance, but the relative performance of the portfolio's underlying managers detracted.
Looking first at manager selection, the largest detractors were Strategic Income Opportunities (JHAM), Global Equity (JHAM), Global Shareholder Yield (Epoch), and Enduring Equity (Wellington). Conversely, the portfolio gained a small benefit from the strong outperformance of Mid Cap Stock (Wellington), Mid Value (T. Rowe Price), and International Growth (Wellington) versus their respective categories.
Asset allocation was a small contributor to returns, primarily as a result of our positioning in fixed income. We maintained an underweight in the core investment-grade bond category, which underperformed due to its above-average interest-rate sensitivity. A corresponding overweight in active, multi-sector managers—whose flexible approaches are designed to capitalize on the opportunities across the full range of the bond market—was a further plus. Allocations to Treasury Inflation-Protected Securities, leveraged loans, and short-term Treasury bills also added value.
On the negative side, the portfolio lost some relative performance through an underweight in high-yield bonds, which outperformed the broader market. An overweight in emerging-market bonds, the worst-performing fixed-income category in the first half of the year, was an additional detractor.
The portfolios' performance depends on the subadvisors' ability to determine the strategic asset class allocations, the mix of underlying funds, and the performance of those underlying funds. The underlying funds' performance may be lower than the performance of the asset class that they were selected to represent. The portfolios are subject to the same risks as the underlying funds in which they invest, which include the following: Stocks, bonds, and derivatives can decline due to adverse issuer, market, regulatory, or economic developments; foreign investing, especially in emerging markets, has additional risks, such as currency and market volatility and political and social instability; the securities of small-capitalization companies are subject to higher volatility than larger, more established companies; and high-yield bonds are subject to additional risks, such as increased risk of default and interest-rate risk. Events in U.S. and global financial markets may at times result in unusually high market volatility. In addition, reduced liquidity in credit and fixed-income markets may adversely affect issuers worldwide. Liquidity—the extent to which a security may be sold or a derivative position closed without negatively affecting its market value—may be impaired by reduced trading volume, heightened volatility, rising interest rates, and other market conditions. Derivatives transactions, including hedging and other strategic transactions, may increase volatility and result in losses if not successful. For additional information on these and other risk considerations, please see the portfolios' prospectus.
The views expressed in this report are exclusively those of Nathan W. Thooft, CFA, John Hancock Asset Management, and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the portfolio for the entire period. Portfolio composition is subject to review in accordance with the portfolio's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk.
MANAGED BY
![]() | Nathan W. Thooft, CFA On the portfolio since 2013 Investing since 2000 |
![]() | Robert E. Sykes, CFA On the portfolio since 2018 Investing since 2001 |
Multimanager Lifestyle Aggressive Portfolio
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multimanager Lifestyle Aggressive Portfolio for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in a blended index and two separate indexes.
Index 1 is the S&P 500, an unmanaged index that includes 500 widely traded common stocks.
Index 2 is the MSCI EAFE (Europe, Australasia, Far East) Index, a free-float-adjusted market capitalization index that is designed to measure developed market equity performance.
Index 3 is 70% Russell 3000 Index and 30% MSCI All Country World ex-USA Index.
It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
ASSET ALLOCATION (%)
Equity | 88.4 | |
U.S. Large Cap | 31.5 | |
International Large Cap | 12.9 | |
U.S. Mid Cap | 10.1 | |
Emerging Markets | 8.0 | |
International Strategic Equity Allocation | 7.9 | |
U.S. Strategic Equity Allocation | 6.3 | |
U.S. Small Cap | 5.9 | |
International Small Cap | 3.9 | |
Large Blend | 1.1 | |
Global Large Cap | 0.8 | |
Alternative and specialty | 11.6 | |
Real Estate | 3.3 | |
Technical Opportunities | 2.2 | |
Financial Industries | 1.7 | |
Health Sciences | 1.3 | |
Science & Technology | 1.0 | |
Global Focused Strategies | 1.0 | |
Currency | 0.7 | |
Seaport | 0.4 |
As a percentage of net assets.
PERFORMANCE CHART
Total returns with maximum sales charge for the period ended 6-30-18 (%)
Class A | Class B | Class C | Class I1,2 | Class R11 | Class R21,2 | Class R31 | Class R41 | Class R51 | Class R61,2 | Class 11 | Index 1 | Index 2 | Index 3 | |
Average annual total returns | ||||||||||||||
1 year | 5.68 | 5.43 | 9.42 | 11.54 | 10.85 | 11.12 | 10.86 | 11.34 | 11.53 | 11.65 | 11.63 | 14.37 | 6.84 | 12.53 |
5 year | 8.60 | 8.62 | 8.93 | 9.63 | 9.28 | 9.59 | 9.36 | 9.79 | 10.05 | 10.17 | 10.12 | 13.42 | 6.49 | 11.12 |
10 year | 5.90 | 5.80 | 5.69 | 6.03 | 6.03 | 6.10 | 6.13 | 6.50 | 6.78 | 6.52 | 6.90 | 10.17 | 2.84 | 7.95 |
Cumulative returns | ||||||||||||||
6 months | -4.03 | -4.34 | -0.34 | 1.15 | 0.85 | 0.97 | 0.85 | 1.09 | 1.15 | 1.21 | 1.16 | 2.65 | -2.75 | 1.11 |
5 year | 51.07 | 51.17 | 53.37 | 58.34 | 55.87 | 58.06 | 56.42 | 59.54 | 61.38 | 62.34 | 61.90 | 87.70 | 36.62 | 69.39 |
10 year | 77.37 | 75.80 | 73.94 | 79.58 | 79.67 | 80.79 | 81.21 | 87.71 | 92.79 | 88.12 | 94.92 | 163.40 | 32.36 | 114.90 |
Performance figures assume all distributions have been reinvested. Returns with maximum sales charge reflect a sales charge on Class A shares of 5%, and the applicable contingent deferred sales charge (CDSC) on Class B and Class C shares. The Class B shares' CDSC declines annually between years 1-6 according to the following schedule: 5%, 4%, 3%, 3%, 2%, 1%. No sales charges will be assessed after the sixth year. Class C shares held for less than one year are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R1, Class R2, Class R3, Class R4, Class R5, Class R6, and Class 1 shares.
Performance of the classes will vary based on the difference in sales charges paid by shareholders investing in the different classes and the fee structure of those classes.
The expense ratios of the portfolio, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the portfolio and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until April 30, 2019 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The following expense ratios include expenses of the affiliated underlying funds in which the portfolio invests. The expense ratios are as follows:
Class A | Class B | Class C | Class I | Class R1 | Class R2 | Class R3 | Class R4 | Class R5 | Class R6 | Class 1 | |
Gross (%) | 1.39 | 2.09 | 2.09 | 1.08 | 1.74 | 1.49 | 1.64 | 1.34 | 1.04 | 0.99 | 1.03 |
Net (%) | 1.39 | 2.09 | 2.09 | 1.08 | 1.74 | 1.49 | 1.64 | 1.24 | 1.04 | 0.99 | 1.03 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.
The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility, the portfolio's current performance may be higher or lower than the performance shown. For performance data current to the most recent month end, please call 800-225-5291 or visit the portfolio's website at jhinvestments.com.
This performance information does not reflect the deduction of taxes that a shareholder may pay on portfolio distributions or the redemption of portfolio shares. The portfolio's performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.
1 | For certain types of investors as described in the portfolio's prospectuses. |
2 | Class I shares were first offered on 5-1-15; Class R6 shares were first offered on 9-1-11; Class R2 shares were first offered on 3-1-12. Returns prior to these dates are those of Class C shares (first offered on 10-17-05) that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
Multimanager Lifestyle Growth Portfolio
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multimanager Lifestyle Growth Portfolio for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in a blended index and two separate indexes.
Index 1 is the S&P 500, an unmanaged index that includes 500 widely traded common stocks.
Index 2 is the Bloomberg Barclays U.S. Aggregate Bond Index, an unmanaged index of dollar-denominated and non-convertible investment-grade debt issues.
Index 3 is 56% Russell 3000 Index, 24% MSCI All Country World ex-USA Index, 16% Bloomberg Barclays U.S. Aggregate Bond Index, and 4% ICE Bank of America Merrill Lynch U.S. High Yield Master II Index.
It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
ASSET ALLOCATION (%)
Equity | 71.9 | |
U.S. Large Cap | 26.0 | |
International Large Cap | 11.0 | |
U.S. Mid Cap | 8.0 | |
International Strategic Equity Allocation | 6.7 | |
U.S. Strategic Equity Allocation | 5.7 | |
Emerging Markets | 5.1 | |
U.S. Small Cap | 4.1 | |
International Small Cap | 3.0 | |
Large Blend | 1.3 | |
Global Large Cap | 1.0 | |
Fixed income | 17.3 | |
Intermediate Bond | 5.6 | |
Multi-Sector Bond | 4.5 | |
Global Bond | 2.9 | |
Treasury Inflation-Protected Securities | 1.7 | |
Bank Loan | 1.3 | |
High Yield Bond | 1.0 | |
Short-Term Bond | 0.3 | |
Alternative and specialty | 10.7 | |
Real Estate | 2.9 | |
Technical Opportunities | 1.8 | |
Financial Industries | 1.5 | |
Global Absolute Return Strategies | 1.4 | |
Currency | 1.3 | |
Health Sciences | 0.9 | |
Science & Technology | 0.7 | |
Seaport | 0.2 | |
Short-term investments | 0.1 |
As a percentage of net assets.
PERFORMANCE CHART
Total returns with maximum sales charge for the period ended 6-30-18 (%)
Class A | Class B | Class C | Class I1,2 | Class R11 | Class R21,2 | Class R31 | Class R41 | Class R51 | Class R61,2 | Class 11 | Class 51 | Index 1 | Index 2 | Index 3 | |
Average annual total returns | |||||||||||||||
1 year | 3.27 | 2.96 | 6.97 | 8.97 | 8.30 | 8.58 | 8.40 | 8.85 | 9.03 | 9.13 | 9.09 | 9.08 | 14.37 | -0.40 | 10.01 |
5 year | 7.26 | 7.30 | 7.60 | 8.28 | 7.98 | 8.24 | 8.08 | 8.52 | 8.73 | 8.81 | 8.77 | 8.82 | 13.42 | 2.27 | 9.51 |
10 year | 5.87 | 5.79 | 5.66 | 6.00 | 6.05 | 6.06 | 6.14 | 6.53 | 6.78 | 6.49 | 6.85 | 6.90 | 10.17 | 3.72 | 7.47 |
Cumulative returns | |||||||||||||||
6 months | -4.64 | -4.94 | -0.94 | 0.50 | 0.18 | 0.31 | 0.25 | 0.43 | 0.56 | 0.56 | 0.56 | 0.56 | 2.65 | -1.62 | 0.67 |
5 year | 41.99 | 42.26 | 44.25 | 48.88 | 46.80 | 48.58 | 47.47 | 50.47 | 51.97 | 52.50 | 52.22 | 52.57 | 87.70 | 11.89 | 57.51 |
10 year | 76.82 | 75.54 | 73.43 | 79.00 | 79.87 | 80.13 | 81.42 | 88.18 | 92.73 | 87.47 | 93.97 | 94.95 | 163.40 | 44.09 | 105.43 |
Performance figures assume all distributions have been reinvested. Returns with maximum sales charge reflect a sales charge on Class A shares of 5%, and the applicable contingent deferred sales charge (CDSC) on Class B and Class C shares. The Class B shares' CDSC declines annually between years 1-6 according to the following schedule: 5%, 4%, 3%, 3%, 2%, 1%. No sales charges will be assessed after the sixth year. Class C shares held for less than one year are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R1, Class R2, Class R3, Class R4, Class R5, Class R6, Class 1, and Class 5 shares.
Performance of the classes will vary based on the difference in sales charges paid by shareholders investing in the different classes and the fee structure of those classes.
The expense ratios of the portfolio, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the portfolio and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until April 30, 2019 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The following expense ratios include expenses of the affiliated underlying funds in which the portfolio invests. The expense ratios are as follows:
Class A | Class B | Class C | Class I | Class R1 | Class R2 | Class R3 | Class R4 | Class R5 | Class R6 | Class 1 | Class 5 | |
Gross (%) | 1.35 | 2.05 | 2.05 | 1.04 | 1.70 | 1.45 | 1.60 | 1.30 | 1.00 | 0.95 | 0.98 | 0.93 |
Net (%) | 1.35 | 2.05 | 2.05 | 1.04 | 1.70 | 1.45 | 1.60 | 1.20 | 1.00 | 0.95 | 0.98 | 0.93 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.
The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility, the portfolio's current performance may be higher or lower than the performance shown. For performance data current to the most recent month end, please call 800-225-5291 or visit the portfolio's website at jhinvestments.com.
This performance information does not reflect the deduction of taxes that a shareholder may pay on portfolio distributions or the redemption of portfolio shares. The portfolio's performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.
1 | For certain types of investors as described in the portfolio's prospectuses. |
2 | Class I shares were first offered on 5-1-15; Class R6 shares were first offered on 9-1-11; Class R2 shares were first offered on 3-1-12. Returns prior to these dates are those of Class C shares (first offered on 10-17-05) that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
Multimanager Lifestyle Balanced Portfolio
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multimanager Lifestyle Balanced Portfolio for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in a blended index and two separate indexes.
Index 1 is the S&P 500, an unmanaged index that includes 500 widely traded common stocks.
Index 2 is the Bloomberg Barclays U.S. Aggregate Bond Index, an unmanaged index of dollar-denominated and non-convertible investment-grade debt issues.
Index 3 is 42% Russell 3000 Index, 18% MSCI All Country World ex-USA Index, 32% Bloomberg Barclays U.S. Aggregate Bond Index, and 8% ICE Bank of America Merrill Lynch U.S. High Yield Master II Index.
It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
ASSET ALLOCATION (%)
Equity | 53.5 | |
U.S. Large Cap | 20.1 | |
International Large Cap | 8.1 | |
U.S. Strategic Equity Allocation | 5.3 | |
U.S. Mid Cap | 5.2 | |
International Strategic Equity Allocation | 4.4 | |
Emerging Markets | 3.2 | |
U.S. Small Cap | 2.9 | |
International Small Cap | 1.9 | |
Large Blend | 1.3 | |
Global Large Cap | 1.1 | |
Fixed Income | 37.1 | |
Intermediate Bond | 13.2 | |
Multi-Sector Bond | 10.3 | |
Global Bond | 5.0 | |
Treasury Inflation-Protected Securities | 3.6 | |
Bank Loan | 2.7 | |
High Yield Bond | 2.0 | |
Short-Term Bond | 0.3 | |
Alternative and specialty | 8.8 | |
Currency | 1.5 | |
Real Estate | 2.3 | |
Global Absolute Return Strategies | 1.5 | |
Financial Industries | 1.2 | |
Technical Opportunities | 0.9 | |
Health Sciences | 0.7 | |
Science & Technology | 0.5 | |
Seaport | 0.2 | |
Short-term investments | 0.6 |
As a percentage of net assets.
PERFORMANCE CHART
Total returns with maximum sales charge for the period ended 6-30-18 (%)
Class A | Class B | Class C | Class I1,2 | Class R11 | Class R21,2 | Class R31 | Class R41 | Class R51 | Class R61,2 | Class 11 | Class 51 | Index 1 | Index 2 | Index 3 | |
Average annual total returns | |||||||||||||||
1 year | 0.95 | 0.61 | 4.56 | 6.62 | 5.92 | 6.13 | 6.02 | 6.44 | 6.64 | 6.66 | 6.69 | 6.74 | 14.37 | -0.40 | 7.51 |
5 year | 5.68 | 5.69 | 6.00 | 6.68 | 6.37 | 6.63 | 6.49 | 6.93 | 7.13 | 7.18 | 7.16 | 7.21 | 13.42 | 2.27 | 7.89 |
10 year | 5.35 | 5.25 | 5.14 | 5.47 | 5.48 | 5.54 | 5.62 | 6.02 | 6.26 | 5.95 | 6.32 | 6.37 | 10.17 | 3.72 | 6.89 |
Cumulative returns | |||||||||||||||
6 months | -5.10 | -5.43 | -1.51 | 0.01 | -0.31 | -0.18 | -0.25 | -0.06 | 0.04 | 0.00 | 0.05 | 0.07 | 2.65 | -1.62 | 0.21 |
5 year | 31.79 | 31.88 | 33.84 | 38.18 | 36.20 | 37.84 | 36.95 | 39.78 | 41.08 | 41.47 | 41.28 | 41.61 | 87.70 | 11.89 | 46.19 |
10 year | 68.37 | 66.87 | 65.03 | 70.39 | 70.42 | 71.42 | 72.84 | 79.35 | 83.52 | 78.23 | 84.58 | 85.48 | 163.40 | 44.09 | 94.71 |
Performance figures assume all distributions have been reinvested. Returns with maximum sales charge reflect a sales charge on Class A shares of 5%, and the applicable contingent deferred sales charge (CDSC) on Class B and Class C shares. The Class B shares' CDSC declines annually between years 1-6 according to the following schedule: 5%, 4%, 3%, 3%, 2%, 1%. No sales charges will be assessed after the sixth year. Class C shares held for less than one year are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R1, Class R2, Class R3, Class R4, Class R5, Class R6, Class 1, and Class 5 shares.
Performance of the classes will vary based on the difference in sales charges paid by shareholders investing in the different classes and the fee structure of those classes.
The expense ratios of the portfolio, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the portfolio and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until April 30, 2019 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The following expense ratios include expenses of the affiliated underlying funds in which the portfolio invests. The expense ratios are as follows:
Class A | Class B | Class C | Class I | Class R1 | Class R2 | Class R3 | Class R4 | Class R5 | Class R6 | Class 1 | Class 5 | |
Gross (%) | 1.32 | 2.02 | 2.02 | 1.01 | 1.67 | 1.42 | 1.57 | 1.27 | 0.97 | 0.92 | 0.95 | 0.90 |
Net (%) | 1.32 | 2.02 | 2.02 | 1.01 | 1.67 | 1.42 | 1.57 | 1.17 | 0.97 | 0.92 | 0.95 | 0.90 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.
The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility, the portfolio's current performance may be higher or lower than the performance shown. For performance data current to the most recent month end, please call 800-225-5291 or visit the portfolio's website at jhinvestments.com.
This performance information does not reflect the deduction of taxes that a shareholder may pay on portfolio distributions or the redemption of portfolio shares. The portfolio's performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.
1 | For certain types of investors as described in the portfolio's prospectuses. |
2 | Class I shares were first offered on 5-1-15; Class R6 shares were first offered on 9-1-11; Class R2 shares were first offered on 3-1-12. Returns prior to these dates are those of Class C shares (first offered on 10-17-05) that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
Multimanager Lifestyle Moderate Portfolio
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multimanager Lifestyle Moderate Portfolio for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in a blended index and two separate indexes.
Index 1 is the S&P 500, an unmanaged index that includes 500 widely traded common stocks.
Index 2 is the Bloomberg Barclays U.S. Aggregate Bond Index, an unmanaged index of dollar-denominated and non-convertible investment-grade debt issues.
Index 3 is 28% Russell 3000 Index, 12% MSCI All Country World ex-USA Index, 48% Bloomberg Barclays U.S. Aggregate Bond Index, and 12% ICE Bank of America Merrill Lynch U.S. High Yield Master II Index.
It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
ASSET ALLOCATION (%)
Equity | 36.1 | |
U.S. Large Cap | 14.1 | |
International Large Cap | 5.6 | |
International Strategic Equity Allocation | 3.4 | |
U.S. Strategic Equity Allocation | 3.4 | |
U.S. Mid Cap | 3.1 | |
U.S. Small Cap | 1.5 | |
Emerging Markets | 1.4 | |
Large Blend | 1.3 | |
Global Large Cap | 1.2 | |
International Small Cap | 1.1 | |
Fixed income | 56.6 | |
Intermediate Bond | 24.6 | |
Multi-Sector Bond | 12.4 | |
Global Bond | 7.8 | |
Treasury Inflation-Protected Securities | 5 | |
Bank Loan | 3.8 | |
High Yield Bond | 2.6 | |
Short-Term Bond | 0.4 | |
Alternative and specialty | 6.6 | |
Global Absolute Return Strategies | 2.0 | |
Currency | 2.0 | |
Real Estate | 1.8 | |
Enduring Equity | 0.5 | |
Seaport | 0.3 | |
Short-term investments | 0.7 |
As a percentage of net assets.
PERFORMANCE CHART
Total returns with maximum sales charge for the period ended 6-30-18 (%)
Class A | Class B | Class C | Class I1,2 | Class R11 | Class R21,2 | Class R31 | Class R41 | Class R51 | Class R61,2 | Class 11 | Class 51 | Index 1 | Index 2 | Index 3 | |
Average annual total returns | |||||||||||||||
1 year | -1.73 | -2.12 | 1.84 | 3.79 | 3.12 | 3.38 | 3.22 | 3.64 | 3.84 | 3.90 | 3.85 | 3.90 | 14.37 | -0.40 | 5.05 |
5 year | 3.91 | 3.89 | 4.25 | 4.92 | 4.58 | 4.87 | 4.69 | 5.11 | 5.32 | 5.42 | 5.39 | 5.43 | 13.42 | 2.27 | 6.25 |
10 year | 4.86 | 4.76 | 4.65 | 4.98 | 4.96 | 5.05 | 5.07 | 5.43 | 5.70 | 5.46 | 5.82 | 5.87 | 10.17 | 3.72 | 6.23 |
Cumulative returns | |||||||||||||||
6 months | -5.94 | -6.25 | -2.24 | -0.83 | -1.15 | -1.03 | -1.10 | -0.91 | -0.81 | -0.78 | -0.80 | -0.78 | 2.65 | -1.62 | -0.26 |
5 year | 21.15 | 21.01 | 23.14 | 27.13 | 25.12 | 26.85 | 25.76 | 28.29 | 29.59 | 30.22 | 29.99 | 30.26 | 87.70 | 11.89 | 35.42 |
10 year | 60.68 | 59.14 | 57.52 | 62.62 | 62.28 | 63.65 | 63.91 | 69.73 | 74.15 | 70.19 | 76.00 | 76.86 | 163.40 | 44.09 | 82.99 |
Performance figures assume all distributions have been reinvested. Returns with maximum sales charge reflect a sales charge on Class A shares of 5%, and the applicable contingent deferred sales charge (CDSC) on Class B and Class C shares. The Class B shares' CDSC declines annually between years 1-6 according to the following schedule: 5%, 4%, 3%, 3%, 2%, 1%. No sales charges will be assessed after the sixth year. Class C shares held for less than one year are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R1, Class R2, Class R3, Class R4, Class R5, Class R6, Class 1, and Class 5 shares.
Performance of the classes will vary based on the difference in sales charges paid by shareholders investing in the different classes and the fee structure of those classes.
The expense ratios of the portfolio, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the portfolio and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until April 30, 2019 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The following expense ratios include expenses of the affiliated underlying funds in which the portfolio invests. The expense ratios are as follows:
Class A | Class B | Class C | Class I | Class R1 | Class R2 | Class R3 | Class R4 | Class R5 | Class R6 | Class 1 | Class 5 | |
Gross (%) | 1.29 | 1.99 | 1.99 | 0.98 | 1.64 | 1.39 | 1.54 | 1.24 | 0.94 | 0.89 | 0.92 | 0.87 |
Net (%) | 1.29 | 1.99 | 1.99 | 0.98 | 1.64 | 1.39 | 1.54 | 1.14 | 0.94 | 0.89 | 0.92 | 0.87 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.
The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility, the portfolio's current performance may be higher or lower than the performance shown. For performance data current to the most recent month end, please call 800-225-5291 or visit the portfolio's website at jhinvestments.com.
This performance information does not reflect the deduction of taxes that a shareholder may pay on portfolio distributions or the redemption of portfolio shares. The portfolio's performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.
1 | For certain types of investors as described in the portfolio's prospectuses. |
2 | Class I shares were first offered on 5-1-15; Class R6 shares were first offered on 9-1-11; Class R2 shares were first offered on 3-1-12. Returns prior to these dates are those of Class C shares (first offered on 10-17-05) that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
Multimanager Lifestyle Conservative Portfolio
GROWTH OF $10,000
This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multimanager Lifestyle Conservative Portfolio for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in a blended index and two separate indexes.
Index 1 is the S&P 500, an unmanaged index that includes 500 widely traded common stocks.
Index 2 is the Bloomberg Barclays U.S. Aggregate Bond Index, an unmanaged index of dollar-denominated and non-convertible investment-grade debt issues.
Index 3 is 14% Russell 3000 Index, 6% MSCI All Country World ex-USA Index, 64% Bloomberg Barclays U.S. Aggregate Bond Index, and 16% ICE Bank of America Merrill Lynch U.S. High Yield Master II Index.
It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
ASSET ALLOCATION (%)
Equity | 16.2 | |
U.S. Large Cap | 5.5 | |
International Large Cap | 2.8 | |
International Strategic Equity Allocation | 2.3 | |
U.S. Strategic Equity Allocation | 1.3 | |
U.S. Mid Cap | 1.3 | |
Global Large Cap | 0.8 | |
Large Blend | 0.8 | |
U.S. Small Cap | 0.7 | |
Emerging Markets | 0.7 | |
Fixed income | 73.4 | |
Intermediate Bond | 30.9 | |
Multi-Sector Bond | 14.7 | |
Global Bond | 8.9 | |
Treasury Inflation-Protected Securities | 7.2 | |
Bank Loan | 5.0 | |
Short-Term Bond | 4.5 | |
High Yield Bond | 2.2 | |
Alternative and specialty | 9.7 | |
Global Absolute Return Strategies | 3.0 | |
Currency | 3.0 | |
Real Estate | 1.8 | |
Enduring Equity | 1.7 | |
Seaport | 0.2 | |
Short-term investments | 0.7 |
As a percentage of net assets.
PERFORMANCE CHART
Total returns with maximum sales charge for the period ended 6-30-18 (%)
Class A | Class B | Class C | Class I1,2 | Class R11 | Class R21,2 | Class R31 | Class R41 | Class R51 | Class R61,2 | Class 11 | Index 1 | Index 2 | Index 3 | |
Average annual total returns | ||||||||||||||
1 year | -3.98 | -4.51 | -0.60 | 1.40 | 0.74 | 1.07 | 0.90 | 1.24 | 1.45 | 1.50 | 1.46 | 14.37 | -0.40 | 2.60 |
5 year | 2.25 | 2.21 | 2.56 | 3.23 | 2.88 | 3.18 | 3.05 | 3.39 | 3.63 | 3.73 | 3.67 | 13.42 | 2.27 | 4.60 |
10 year | 4.02 | 3.93 | 3.81 | 4.15 | 4.11 | 4.23 | 4.25 | 4.57 | 4.87 | 4.62 | 4.97 | 10.17 | 3.72 | 5.48 |
Cumulative returns | ||||||||||||||
6 months | -6.53 | -6.82 | -2.92 | -1.45 | -1.77 | -1.57 | -1.69 | -1.53 | -1.43 | -1.40 | -1.42 | 2.65 | -1.62 | -0.76 |
5 year | 11.77 | 11.55 | 13.49 | 17.22 | 15.28 | 16.96 | 16.19 | 18.13 | 19.49 | 20.07 | 19.72 | 87.70 | 11.89 | 25.22 |
10 year | 48.28 | 47.00 | 45.39 | 50.18 | 49.55 | 51.33 | 51.56 | 56.29 | 60.83 | 57.11 | 62.37 | 163.40 | 44.09 | 70.54 |
Performance figures assume all distributions have been reinvested. Returns with maximum sales charge reflect a sales charge on Class A shares of 5%, and the applicable contingent deferred sales charge (CDSC) on Class B and Class C shares. The Class B shares' CDSC declines annually between years 1-6 according to the following schedule: 5%, 4%, 3%, 3%, 2%, 1%. No sales charges will be assessed after the sixth year. Class C shares held for less than one year are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R1, Class R2, Class R3, Class R4, Class R5, Class R6, and Class 1 shares.
Performance of the classes will vary based on the difference in sales charges paid by shareholders investing in the different classes and the fee structure of those classes.
The expense ratios of the portfolio, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the portfolio and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until April 30, 2019 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The following expense ratios include expenses of the affiliated underlying funds in which the portfolio invests. The expense ratios are as follows:
Class A | Class B | Class C | Class I | Class R1 | Class R2 | Class R3 | Class R4 | Class R5 | Class R6 | Class 1 | |
Gross (%) | 1.28 | 1.98 | 1.98 | 0.97 | 1.63 | 1.38 | 1.53 | 1.23 | 0.93 | 0.88 | 0.91 |
Net (%) | 1.28 | 1.98 | 1.98 | 0.97 | 1.63 | 1.38 | 1.53 | 1.13 | 0.93 | 0.88 | 0.91 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.
The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility, the portfolio's current performance may be higher or lower than the performance shown. For performance data current to the most recent month end, please call 800-225-5291 or visit the portfolio's website at jhinvestments.com.
This performance information does not reflect the deduction of taxes that a shareholder may pay on portfolio distributions or the redemption of portfolio shares. The portfolio's performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.
1 | For certain types of investors as described in the portfolio's prospectuses. |
2 | Class I shares were first offered on 5-1-15; Class R6 shares were first offered on 9-1-11; Class R2 shares were first offered on 3-1-12. Returns prior to these dates are those of Class C shares (first offered on 10-17-05) that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
Your expenses |
As a shareholder of a John Hancock Funds II Multimanager Lifestyle Portfolio, you incur two types of costs: (1) transaction costs, including sales charges (loads) on certain purchases or redemptions, and (2) ongoing costs, including management fees, distribution and service (Rule 12b-1) fees, and other portfolio expenses. In addition to the operating expenses which each portfolio bears directly, the portfolio indirectly bears a pro rata share of the operating expenses of the underlying funds in which each portfolio invests. Because underlying funds have varied operating expenses and transaction costs and the portfolio may own different proportions of the underlying funds at different times, the amount of expenses incurred indirectly by the portfolio will vary. Had these indirect expenses been reflected in the following analysis, total expenses would have been higher than the amounts shown.
These examples are intended to help you understand your ongoing costs (in dollars) of investing in a portfolio so you can compare these costs with the ongoing costs of investing in other mutual funds. The examples are based on an investment of $1,000 at the beginning of the period and held for the entire period (January 1, 2018 through June 30, 2018).
Actual expenses:
The first line of each share class in the following table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled “Expenses paid during period ended” to estimate the expenses you paid on your account during this period.
Hypothetical example for comparison purposes:
The second line of each share class in the following table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio for the share class and an assumed annualized rate of return of 5% per year before expenses, which is not the actual return of the share class. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in a portfolio and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs. Therefore, the second line of each share class in the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher. See the portfolios’ prospectuses for details regarding transaction costs.
SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 14 |
SHAREHOLDER EXPENSE EXAMPLE CHART | ||||||||||
Expenses | ||||||||||
Account | Ending | paid during | Annualized | |||||||
value on | value on | period ended | expense | |||||||
1-1-2018 | 6-30-2018 | 6-30-20181 | ratio2 | |||||||
Multimanager Lifestyle Aggressive Portfolio | ||||||||||
Class A | Actual expenses/actual returns | $1,000.00 | $1,010.30 | $2.34 | 0.47% | |||||
Hypothetical example | 1,000.00 | 1,022.50 | 2.36 | 0.47% | ||||||
Class B | Actual expenses/actual returns | 1,000.00 | 1,006.60 | 5.82 | 1.17% | |||||
Hypothetical example | 1,000.00 | 1,019.00 | 5.86 | 1.17% | ||||||
Class C | Actual expenses/actual returns | 1,000.00 | 1,006.60 | 5.82 | 1.17% | |||||
Hypothetical example | 1,000.00 | 1,019.00 | 5.86 | 1.17% | ||||||
Class I | Actual expenses/actual returns | 1,000.00 | 1,011.50 | 0.85 | 0.17% | |||||
Hypothetical example | 1,000.00 | 1,024.00 | 0.85 | 0.17% | ||||||
Class R1 | Actual expenses/actual returns | 1,000.00 | 1,008.50 | 4.08 | 0.82% | |||||
Hypothetical example | 1,000.00 | 1,020.70 | 4.11 | 0.82% | ||||||
Class R2 | Actual expenses/actual returns | 1,000.00 | 1,009.70 | 2.99 | 0.60% | |||||
Hypothetical example | 1,000.00 | 1,021.80 | 3.01 | 0.60% | ||||||
Class R3 | Actual expenses/actual returns | 1,000.00 | 1,008.50 | 3.59 | 0.72% | |||||
Hypothetical example | 1,000.00 | 1,021.20 | 3.61 | 0.72% | ||||||
Class R4 | Actual expenses/actual returns | 1,000.00 | 1,010.90 | 1.65 | 0.33% | |||||
Hypothetical example | 1,000.00 | 1,023.20 | 1.66 | 0.33% | ||||||
Class R5 | Actual expenses/actual returns | 1,000.00 | 1,011.50 | 0.65 | 0.13% | |||||
Hypothetical example | 1,000.00 | 1,024.10 | 0.65 | 0.13% | ||||||
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,012.10 | 0.40 | 0.08% | |||||
Hypothetical example | 1,000.00 | 1,024.40 | 0.40 | 0.08% | ||||||
Class 1 | Actual expenses/actual returns | 1,000.00 | 1,011.60 | 0.55 | 0.11% | |||||
Hypothetical example | 1,000.00 | 1,024.20 | 0.55 | 0.11% | ||||||
Multimanager Lifestyle Growth Portfolio | ||||||||||
Class A | Actual expenses/actual returns | $1,000.00 | $1,003.70 | $2.33 | 0.47% | |||||
Hypothetical example | 1,000.00 | 1,022.50 | 2.36 | 0.47% | ||||||
Class B | Actual expenses/actual returns | 1,000.00 | 1,000.60 | 5.80 | 1.17% | |||||
Hypothetical example | 1,000.00 | 1,019.00 | 5.86 | 1.17% | ||||||
Class C | Actual expenses/actual returns | 1,000.00 | 1,000.60 | 5.80 | 1.17% | |||||
Hypothetical example | 1,000.00 | 1,019.00 | 5.86 | 1.17% | ||||||
Class I | Actual expenses/actual returns | 1,000.00 | 1,005.00 | 0.89 | 0.18% | |||||
Hypothetical example | 1,000.00 | 1,023.90 | 0.90 | 0.18% | ||||||
Class R1 | Actual expenses/actual returns | 1,000.00 | 1,001.80 | 4.07 | 0.82% | |||||
Hypothetical example | 1,000.00 | 1,020.70 | 4.11 | 0.82% | ||||||
Class R2 | Actual expenses/actual returns | 1,000.00 | 1,003.10 | 2.73 | 0.55% | |||||
Hypothetical example | 1,000.00 | 1,022.10 | 2.76 | 0.55% | ||||||
Class R3 | Actual expenses/actual returns | 1,000.00 | 1,002.50 | 3.28 | 0.66% | |||||
Hypothetical example | 1,000.00 | 1,021.50 | 3.31 | 0.66% | ||||||
Class R4 | Actual expenses/actual returns | 1,000.00 | 1,004.30 | 1.64 | 0.33% | |||||
Hypothetical example | 1,000.00 | 1,023.20 | 1.66 | 0.33% | ||||||
Class R5 | Actual expenses/actual returns | 1,000.00 | 1,005.60 | 0.65 | 0.13% | |||||
Hypothetical example | 1,000.00 | 1,024.10 | 0.65 | 0.13% | ||||||
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,005.60 | 0.40 | 0.08% | |||||
Hypothetical example | 1,000.00 | 1,024.40 | 0.40 | 0.08% | ||||||
Class 1 | Actual expenses/actual returns | 1,000.00 | 1,005.60 | 0.60 | 0.12% | |||||
Hypothetical example | 1,000.00 | 1,024.20 | 0.60 | 0.12% | ||||||
Class 5 | Actual expenses/actual returns | 1,000.00 | 1,005.60 | 0.35 | 0.07% | |||||
Hypothetical example | 1,000.00 | 1,024.40 | 0.35 | 0.07% |
SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 15 |
SHAREHOLDER EXPENSE EXAMPLE CHART (continued) | ||||||||||
Expenses | ||||||||||
Account | Ending | paid during | Annualized | |||||||
value on | value on | period ended | expense | |||||||
1-1-2018 | 6-30-2018 | 6-30-20181 | ratio2 | |||||||
Multimanager Lifestyle Balanced Portfolio | ||||||||||
Class A | Actual expenses/actual returns | $1,000.00 | $ 998.70 | $2.38 | 0.48% | |||||
Hypothetical example | 1,000.00 | 1,022.40 | 2.41 | 0.48% | ||||||
Class B | Actual expenses/actual returns | 1,000.00 | 995.50 | 5.84 | 1.18% | |||||
Hypothetical example | 1,000.00 | 1,018.90 | 5.91 | 1.18% | ||||||
Class C | Actual expenses/actual returns | 1,000.00 | 994.80 | 5.84 | 1.18% | |||||
Hypothetical example | 1,000.00 | 1,018.90 | 5.91 | 1.18% | ||||||
Class I | Actual expenses/actual returns | 1,000.00 | 1,000.10 | 0.94 | 0.19% | |||||
Hypothetical example | 1,000.00 | 1,023.90 | 0.95 | 0.19% | ||||||
Class R1 | Actual expenses/actual returns | 1,000.00 | 996.90 | 4.06 | 0.82% | |||||
Hypothetical example | 1,000.00 | 1,020.70 | 4.11 | 0.82% | ||||||
Class R2 | Actual expenses/actual returns | 1,000.00 | 998.20 | 2.87 | 0.58% | |||||
Hypothetical example | 1,000.00 | 1,021.90 | 2.91 | 0.58% | ||||||
Class R3 | Actual expenses/actual returns | 1,000.00 | 997.50 | 3.52 | 0.71% | |||||
Hypothetical example | 1,000.00 | 1,021.30 | 3.56 | 0.71% | ||||||
Class R4 | Actual expenses/actual returns | 1,000.00 | 999.40 | 1.69 | 0.34% | |||||
Hypothetical example | 1,000.00 | 1,023.10 | 1.71 | 0.34% | ||||||
Class R5 | Actual expenses/actual returns | 1,000.00 | 1,000.40 | 0.69 | 0.14% | |||||
Hypothetical example | 1,000.00 | 1,024.10 | 0.70 | 0.14% | ||||||
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,000.00 | 0.45 | 0.09% | |||||
Hypothetical example | 1,000.00 | 1,024.30 | 0.45 | 0.09% | ||||||
Class 1 | Actual expenses/actual returns | 1,000.00 | 1,000.50 | 0.64 | 0.13% | |||||
Hypothetical example | 1,000.00 | 1,024.10 | 0.65 | 0.13% | ||||||
Class 5 | Actual expenses/actual returns | 1,000.00 | 1,000.70 | 0.40 | 0.08% | |||||
Hypothetical example | 1,000.00 | 1,024.40 | 0.40 | 0.08% | ||||||
Multimanager Lifestyle Moderate Portfolio | ||||||||||
Class A | Actual expenses/actual returns | $1,000.00 | $ 990.30 | $2.42 | 0.49% | |||||
Hypothetical example | 1,000.00 | 1,022.40 | 2.46 | 0.49% | ||||||
Class B | Actual expenses/actual returns | 1,000.00 | 986.70 | 5.86 | 1.19% | |||||
Hypothetical example | 1,000.00 | 1,018.90 | 5.96 | 1.19% | ||||||
Class C | Actual expenses/actual returns | 1,000.00 | 987.50 | 5.86 | 1.19% | |||||
Hypothetical example | 1,000.00 | 1,018.90 | 5.96 | 1.19% | ||||||
Class I | Actual expenses/actual returns | 1,000.00 | 991.70 | 0.99 | 0.20% | |||||
Hypothetical example | 1,000.00 | 1,023.80 | 1.00 | 0.20% | ||||||
Class R1 | Actual expenses/actual returns | 1,000.00 | 988.50 | 4.04 | 0.82% | |||||
Hypothetical example | 1,000.00 | 1,020.70 | 4.11 | 0.82% | ||||||
Class R2 | Actual expenses/actual returns | 1,000.00 | 989.70 | 3.01 | 0.61% | |||||
Hypothetical example | 1,000.00 | 1,021.80 | 3.06 | 0.61% | ||||||
Class R3 | Actual expenses/actual returns | 1,000.00 | 989.00 | 3.50 | 0.71% | |||||
Hypothetical example | 1,000.00 | 1,021.30 | 3.56 | 0.71% | ||||||
Class R4 | Actual expenses/actual returns | 1,000.00 | 990.90 | 1.78 | 0.36% | |||||
Hypothetical example | 1,000.00 | 1,023.00 | 1.81 | 0.36% | ||||||
Class R5 | Actual expenses/actual returns | 1,000.00 | 991.90 | 0.74 | 0.15% | |||||
Hypothetical example | 1,000.00 | 1,024.10 | 0.75 | 0.15% | ||||||
Class R6 | Actual expenses/actual returns | 1,000.00 | 992.20 | 0.49 | 0.10% | |||||
Hypothetical example | 1,000.00 | 1,024.30 | 0.50 | 0.10% | ||||||
Class 1 | Actual expenses/actual returns | 1,000.00 | 992.00 | 0.69 | 0.14% | |||||
Hypothetical example | 1,000.00 | 1,024.10 | 0.70 | 0.14% | ||||||
Class 5 | Actual expenses/actual returns | 1,000.00 | 992.20 | 0.44 | 0.09% | |||||
Hypothetical example | 1,000.00 | 1,024.30 | 0.45 | 0.09% |
SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 16 |
SHAREHOLDER EXPENSE EXAMPLE CHART (continued) | ||||||||||
Expenses | ||||||||||
Account | Ending | paid during | Annualized | |||||||
value on | value on | period ended | expense | |||||||
1-1-2018 | 6-30-2018 | 6-30-20181 | ratio2 | |||||||
Multimanager Lifestyle Conservative Portfolio | ||||||||||
Class A | Actual expenses/actual returns | $1,000.00 | $ 984.10 | $2.46 | 0.50% | |||||
Hypothetical example | 1,000.00 | 1,022.30 | 2.51 | 0.50% | ||||||
Class B | Actual expenses/actual returns | 1,000.00 | 980.60 | 5.89 | 1.20% | |||||
Hypothetical example | 1,000.00 | 1,018.80 | 6.01 | 1.20% | ||||||
Class C | Actual expenses/actual returns | 1,000.00 | 980.60 | 5.89 | 1.20% | |||||
Hypothetical example | 1,000.00 | 1,018.80 | 6.01 | 1.20% | ||||||
Class I | Actual expenses/actual returns | 1,000.00 | 985.50 | 1.03 | 0.21% | |||||
Hypothetical example | 1,000.00 | 1,023.80 | 1.05 | 0.21% | ||||||
Class R1 | Actual expenses/actual returns | 1,000.00 | 982.30 | 4.13 | 0.84% | |||||
Hypothetical example | 1,000.00 | 1,020.60 | 4.21 | 0.84% | ||||||
Class R2 | Actual expenses/actual returns | 1,000.00 | 984.30 | 3.20 | 0.65% | |||||
Hypothetical example | 1,000.00 | 1,021.60 | 3.26 | 0.65% | ||||||
Class R3 | Actual expenses/actual returns | 1,000.00 | 983.10 | 3.29 | 0.67% | |||||
Hypothetical example | 1,000.00 | 1,021.50 | 3.36 | 0.67% | ||||||
Class R4 | Actual expenses/actual returns | 1,000.00 | 984.70 | 1.77 | 0.36% | |||||
Hypothetical example | 1,000.00 | 1,023.00 | 1.81 | 0.36% | ||||||
Class R5 | Actual expenses/actual returns | 1,000.00 | 985.70 | 0.79 | 0.16% | |||||
Hypothetical example | 1,000.00 | 1,024.00 | 0.80 | 0.16% | ||||||
Class R6 | Actual expenses/actual returns | 1,000.00 | 986.00 | 0.54 | 0.11% | |||||
Hypothetical example | 1,000.00 | 1,024.20 | 0.55 | 0.11% | ||||||
Class 1 | Actual expenses/actual returns | 1,000.00 | 985.80 | 0.74 | 0.15% | |||||
Hypothetical example | 1,000.00 | 1,024.10 | 0.75 | 0.15% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). |
2 | Ratios do not include expenses indirectly incurred by the underlying funds and can vary based on the mix of underlying funds held by the portfolios. The range of expense ratios of the underlying funds held by the portfolios for the period ended 6-30-2018 was as follows: |
Portfolio | Range | Portfolio | Range | |||
Multimanager Lifestyle Aggressive Portfolio | 0.53% - 1.62% | Multimanager Lifestyle Moderate Portfolio | 0.38% - 1.56% | |||
Multimanager Lifestyle Growth Portfolio | 0.38% - 1.56% | Multimanager Lifestyle Conservative Portfolio | 0.38% - 1.56% | |||
Multimanager Lifestyle Balanced Portfolio | 0.38% - 1.56% |
SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 17 |
Portfolios' investments |
INVESTMENT COMPANIES | ||||
Underlying Funds’ Investment Managers | ||||
Allianz Global Investors U.S. LLC | (Allianz) | |||
Barrow, Hanley, Mewhinney & Strauss, LLC | (Barrow Hanley) | |||
Boston Partners Global Investors, Inc. | (Boston Partners) | |||
Brandywine Asset Management, Inc. | (Brandywine) | |||
Deutsche Investment Management Americas, Inc. | (Deutsche) | |||
Dimensional Fund Advisors LP | (DFA) | |||
Epoch Investment Partners, Inc. | (Epoch) | |||
First Quadrant, L.P. | (First Quadrant) | |||
Franklin Templeton Investments Corp. | (Franklin Templeton) | |||
GW&K Investment Management, LLC | (GW&K) | |||
Invesco Advisers, Inc. | (Invesco) | |||
Jennison Associates LLC | (Jennison) | |||
John Hancock Asset Management | (JHAM) | |||
Pacific Investment Management Company LLC | (PIMCO) | |||
Redwood Investments, LLC | (Redwood) | |||
Standard Life Investments (Corporate Funds) Limited | (Standard Life) | |||
Stone Harbor Investment Partners LP | (Stone Harbor) | |||
T. Rowe Price Associates, Inc. | (T. Rowe Price) | |||
Templeton Investment Counsel, LLC | (Templeton) | |||
Wellington Management Company, LLP | (Wellington) | |||
Wells Capital Management, Incorporated | (Wells Capital) | |||
Western Asset Management Company | (WAMCO) | |||
MULTIMANAGER LIFESTYLE AGGRESSIVE PORTFOLIO | ||||
As of 6-30-18 (unaudited) | ||||
Shares or | ||||
Principal | ||||
Amount | Value | |||
AFFILIATED INVESTMENT COMPANIES (A) - 100.0% | ||||
Equity - 88.4% | ||||
Blue Chip Growth, Class NAV, JHF II | ||||
(T. Rowe Price) | 3,493,236 | $141,476,047 | ||
Capital Appreciation, Class NAV, JHF II | ||||
(Jennison) | 7,739,832 | 137,691,614 | ||
Capital Appreciation Value, Class NAV, JHF II | ||||
(T. Rowe Price) | 14,888,512 | 174,344,477 | ||
Disciplined Value, Class NAV, JHF III | ||||
(Boston Partners) | 7,811,403 | 167,164,024 | ||
Disciplined Value International, Class NAV, | ||||
JHIT (Boston Partners) | 2,340,381 | 31,805,771 | ||
Emerging Markets, Class NAV, JHF II (DFA) | 14,283,394 | 158,545,673 | ||
Emerging Markets Equity, Class NAV, JHIT | ||||
(JHAM) (B)(C) | 13,941,347 | 159,628,428 | ||
Equity Income, Class NAV, JHF II | ||||
(T. Rowe Price) | 10,727,816 | 216,165,500 | ||
Fundamental Global Franchise, Class NAV, JHF | ||||
II (JHAM) (B)(C) | 2,606,424 | 32,997,329 | ||
Fundamental Large Cap Core, Class NAV, JHIT | ||||
(JHAM) (B)(C) | 3,589,245 | 184,702,547 | ||
Global Equity, Class NAV, JHF II (JHAM) (B)(C) | 6,227,293 | 70,119,323 | ||
Global Shareholder Yield, Class NAV, JHF III | ||||
(Epoch) | 4,015,473 | 44,290,660 | ||
Greater China Opportunities, Class NAV, JHIT | ||||
III (JHAM) (B)(C) | 389,425 | 9,871,930 | ||
International Growth, Class NAV, JHF III | ||||
(Wellington) | 4,798,451 | 135,124,382 | ||
International Growth Stock, Class NAV, JHF II | ||||
(Invesco) | 8,265,203 | 110,257,805 | ||
International Small Cap, Class NAV, JHF II | ||||
(Franklin Templeton) | 3,618,197 | 80,360,161 | ||
International Small Company, Class NAV, JHF II | ||||
(DFA) | 6,384,892 | 80,577,335 | ||
International Strategic Equity Allocation, | ||||
Class NAV, JHF II (JHAM) (B)(C) | 28,816,116 | 323,028,665 | ||
International Value, Class NAV, JHF II | ||||
(Templeton) | 8,411,470 | 139,125,722 | ||
International Value Equity, Class NAV, JHF III | ||||
(JHAM) (B)(C) | 8,996,068 | 75,207,130 | ||
Mid Cap Stock, Class NAV, JHF II (Wellington) | 7,735,697 | 188,054,788 | ||
Mid Value, Class NAV, JHF II (T. Rowe Price) | 13,494,626 | 226,844,662 | ||
New Opportunities, Class NAV, JHF II | ||||
(Brandywine/DFA/GW&K) | 1,259,027 | 38,198,879 | ||
Small Cap Core, Class NAV, JHIT (JHAM) (B)(C) | 2,984,253 | 37,601,589 | ||
Small Cap Growth, Class NAV, JHF II | ||||
(Redwood) (D) | 2,217,843 | 39,566,311 | ||
Small Cap Stock, Class NAV, JHF II | ||||
(Wellington) (E) | 3,509,093 | 39,056,207 | ||
Small Cap Value, Class NAV, JHF II | ||||
(Wellington) | 2,450,244 | 53,464,324 | ||
Small Company Value, Class NAV, JHF II | ||||
(T. Rowe Price) | 1,218,648 | 35,803,877 | ||
Strategic Growth, Class NAV, JHF III (JHAM) | ||||
(B)(C) | 7,397,146 | 141,063,580 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 18 |
|
MULTIMANAGER LIFESTYLE AGGRESSIVE PORTFOLIO (continued) | |||||
Shares or | |||||
Principal | |||||
Amount | Value | ||||
Equity - (continued) | |||||
U.S. Strategic Equity Allocation, Class NAV, JHF | |||||
II (JHAM) (B)(C) | 21,079,391 | $259,276,510 | |||
Value Equity, Class NAV, JHIT (Barrow Hanley) | 7,883,483 | 96,257,332 | |||
Alternative and specialty - 11.6% | |||||
Absolute Return Currency, Class NAV, JHF II | |||||
(First Quadrant) (F) | 3,282,600 | 29,576,229 | |||
Diversified Real Assets, Class NAV, JHIT | |||||
(Deutsche/JHAM/Wellington) (B)(F)(G) | 12,500,568 | 132,881,033 | |||
Financial Industries, Class NAV, JHIT II (JHAM) | |||||
(B)(C) | 3,606,114 | 71,328,937 | |||
Global Focused Strategies, Class NAV, JHIT | |||||
(Standard Life) | 4,133,814 | 39,188,552 | |||
Health Sciences, Class NAV, JHF II | |||||
(T. Rowe Price) | 11,848,393 | 54,858,059 | |||
Science & Technology, Class NAV, JHF II | |||||
(T. Rowe Price/Allianz) | 7,168,951 | 40,934,711 | |||
Seaport Long/Short, Class NAV, JHIT | |||||
(Wellington) | 1,472,116 | 16,841,012 | |||
Technical Opportunities, Class NAV, JHF II | |||||
(Wellington) | 7,015,145 | 91,407,334 | |||
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost | |||||
$3,083,856,245) | $4,104,688,449 | ||||
SHORT-TERM INVESTMENTS - 0.0% | |||||
Money market funds - 0.0% | |||||
State Street Institutional U.S. Government | |||||
Money Market Fund, Premier Class, | |||||
1.8098% (H) | 1,156 | 1,156 | |||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,156) | $1,156 | ||||
Total Investments (Multimanager Lifestyle | |||||
Aggressive Portfolio) | |||||
(Cost $3,083,857,401) - 100.0% | $4,104,689,605 | ||||
Other assets and liabilities, net - 0.0% | (80,461 | ) | |||
TOTAL NET ASSETS - 100.0% | $4,104,609,144 | ||||
MULTIMANAGER LIFESTYLE GROWTH PORTFOLIO | |||||
As of 6-30-18 (unaudited) | |||||
Shares or | |||||
Principal | |||||
Amount | Value | ||||
AFFILIATED INVESTMENT COMPANIES (A) - 99.9% | |||||
Equity - 71.9% | |||||
Blue Chip Growth, Class NAV, JHF II | |||||
(T. Rowe Price) | 8,325,008 | $337,162,832 | |||
Capital Appreciation, Class NAV, JHF II | |||||
(Jennison) | 18,383,076 | 327,034,915 | |||
Capital Appreciation Value, Class NAV, JHF II | |||||
(T. Rowe Price) | 45,339,727 | 530,928,205 | |||
Disciplined Value, Class NAV, JHF III | |||||
(Boston Partners) | 18,896,132 | 404,377,217 | |||
Disciplined Value International, Class NAV, | |||||
JHIT (Boston Partners) | 5,385,894 | 73,194,298 |
MULTIMANAGER LIFESTYLE GROWTH PORTFOLIO (continued) | ||||
Shares or | ||||
Principal | ||||
Amount | Value | |||
Equity - (continued) | ||||
Emerging Markets, Class NAV, JHF II (DFA) | 27,597,685 | $306,334,300 | ||
Emerging Markets Equity, Class NAV, JHIT | ||||
(JHAM) (B)(C) | 26,995,724 | 309,101,036 | ||
Equity Income, Class NAV, JHF II | ||||
(T. Rowe Price) | 25,990,863 | 523,715,898 | ||
Fundamental Global Franchise, Class NAV, JHF | ||||
II (JHAM) (B)(C) | 9,195,524 | 116,415,340 | ||
Fundamental Large Cap Core, Class NAV, JHIT | ||||
(JHAM) (B)(C) | 7,802,058 | 401,493,880 | ||
Global Equity, Class NAV, JHF II (JHAM) (B)(C) | 18,943,479 | 213,303,577 | ||
Global Shareholder Yield, Class NAV, JHF III | ||||
(Epoch) | 14,529,414 | 160,259,442 | ||
International Growth, Class NAV, JHF III | ||||
(Wellington) | 10,825,395 | 304,843,121 | ||
International Growth Stock, Class NAV, JHF II | ||||
(Invesco) | 21,798,802 | 290,796,015 | ||
International Small Cap, Class NAV, JHF II | ||||
(Franklin Templeton) | 8,210,423 | 182,353,489 | ||
International Small Company, Class NAV, JHF II | ||||
(DFA) | 14,547,411 | 183,588,322 | ||
International Strategic Equity Allocation, | ||||
Class NAV, JHF II (JHAM) (B)(C) | 72,928,816 | 817,532,026 | ||
International Value, Class NAV, JHF II | ||||
(Templeton) | 19,092,061 | 315,782,690 | ||
International Value Equity, Class NAV, JHF III | ||||
(JHAM) (B)(C) | 25,126,577 | 210,058,180 | ||
Mid Cap Stock, Class NAV, JHF II (Wellington) | 17,992,942 | 437,408,410 | ||
Mid Value, Class NAV, JHF II (T. Rowe Price) | 31,899,011 | 536,222,379 | ||
New Opportunities, Class NAV, JHF II | ||||
(Brandywine/DFA/GW&K) | 2,828,428 | 85,814,512 | ||
Small Cap Core, Class NAV, JHIT (JHAM) (B)(C) | 6,743,007 | 84,961,888 | ||
Small Cap Growth, Class NAV, JHF II | ||||
(Redwood) (D) | 4,279,265 | 76,342,088 | ||
Small Cap Stock, Class NAV, JHF II | ||||
(Wellington) (E) | 6,751,308 | 75,142,062 | ||
Small Cap Value, Class NAV, JHF II | ||||
(Wellington) | 4,836,453 | 105,531,396 | ||
Small Company Value, Class NAV, JHF II | ||||
(T. Rowe Price) | 2,415,598 | 70,970,276 | ||
Strategic Growth, Class NAV, JHF III (JHAM) | ||||
(B)(C) | 17,573,890 | 335,134,075 | ||
U.S. Strategic Equity Allocation, Class NAV, JHF | ||||
II (JHAM) (B)(C) | 56,617,660 | 696,397,223 | ||
Value Equity, Class NAV, JHIT (Barrow Hanley) | 19,062,832 | 232,757,177 | ||
Fixed income - 17.3% | ||||
Asia Pacific Total Return Bond, Class NAV, JHF | ||||
II (JHAM) (B)(C) | 7,471,585 | 70,531,764 | ||
Bond, Class NAV, JHSB (JHAM) (B)(C) | 21,006,914 | 323,086,337 | ||
Core Bond, Class NAV, JHF II (Wells Capital) | 8,867,386 | 111,463,039 | ||
Emerging Markets Debt, Class NAV, JHF II | ||||
(JHAM) (B)(C) | 21,536,144 | 192,748,490 | ||
Floating Rate Income, Class NAV, JHF II | ||||
(WAMCO) | 18,289,091 | 153,994,150 | ||
Global Bond, Class NAV, JHF II (PIMCO) | 2,772,000 | 35,259,834 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 19 |
|
MULTIMANAGER LIFESTYLE GROWTH PORTFOLIO (continued) | ||||
Shares or | ||||
Principal | ||||
Amount | Value | |||
Fixed income - (continued) | ||||
Global Short Duration Credit, Class NAV, JHBT | ||||
(JHAM) (B)(C) | 6,684,413 | $58,822,838 | ||
High Yield, Class NAV, JHBT (JHAM) (B)(C) | 16,023,640 | 54,480,375 | ||
High Yield, Class NAV, JHF II (WAMCO) | 3,488,290 | 27,627,259 | ||
Real Return Bond, Class NAV, JHF II (PIMCO) | 19,375,166 | 211,383,059 | ||
Short Duration Credit Opportunities, | ||||
Class NAV, JHF II (Stone Harbor) | 13,322,273 | 125,629,035 | ||
Short Term Government Income, Class NAV, | ||||
JHF II (JHAM) (B)(C) | 3,297,366 | 30,566,587 | ||
Spectrum Income, Class NAV, JHF II | ||||
(T. Rowe Price) | 14,387,627 | 150,062,951 | ||
Strategic Income Opportunities, Class NAV, JHF | ||||
II (JHAM) (B)(C) | 26,074,115 | 270,127,827 | ||
Total Return, Class NAV, JHF II (PIMCO) | 18,724,354 | 247,348,715 | ||
U.S. High Yield Bond, Class NAV, JHF II (Wells | ||||
Capital) | 3,607,982 | 39,832,121 | ||
Alternative and specialty - 10.7% | ||||
Absolute Return Currency, Class NAV, JHF II | ||||
(First Quadrant) (F) | 18,118,702 | 163,249,504 | ||
Diversified Real Assets, Class NAV, JHIT | ||||
(Deutsche/JHAM/Wellington) (B)(F)(G) | 31,500,978 | 334,855,395 | ||
Financial Industries, Class NAV, JHIT II (JHAM) | ||||
(B)(C) | 9,204,825 | 182,071,447 | ||
Global Absolute Return Strategies, Class NAV, | ||||
JHF II (Standard Life) (F) | 16,452,402 | 166,827,351 | ||
Health Sciences, Class NAV, JHF II | ||||
(T. Rowe Price) | 23,873,604 | 110,534,787 | ||
Science & Technology, Class NAV, JHF II | ||||
(T. Rowe Price/Allianz) | 15,935,346 | 90,990,823 | ||
Seaport Long/Short, Class NAV, JHIT | ||||
(Wellington) | 2,523,963 | 28,874,140 | ||
Technical Opportunities, Class NAV, JHF II | ||||
(Wellington) | 16,817,003 | 219,125,548 | ||
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost | ||||
$9,708,944,820) | $12,144,449,645 | |||
COMMON STOCKS - 0.0% | ||||
Consumer discretionary - 0.0% | ||||
Boardriders, Inc. (I)(J) | 1,984 | 68,807 | ||
TOTAL COMMON STOCKS (Cost $62,580) | $68,807 | |||
ESCROW CERTIFICATES - 0.0% | ||||
Midstates Petroleum Company, Inc., 10.750%, | ||||
10/01/2020 (I)(J) | 186,995 | 167 | ||
TOTAL ESCROW CERTIFICATES (Cost $167) | $167 | |||
SHORT-TERM INVESTMENTS - 0.1% | ||||
U.S. Government - 0.1% | ||||
U.S. Treasury Bill, 1.875%, 09/13/2018 * | 8,484,500 | 8,452,284 | ||
Money market funds - 0.0% | ||||
State Street Institutional U.S. Government | ||||
Money Market Fund, Premier Class, | ||||
1.8098% (H) | 1,474 | 1,474 | ||
TOTAL SHORT-TERM INVESTMENTS (Cost $8,453,273) | $8,453,758 |
MULTIMANAGER LIFESTYLE GROWTH PORTFOLIO (continued) | ||||
Total Investments (Multimanager Lifestyle Growth | ||||
Portfolio) | ||||
(Cost $9,717,460,840) - 100.0% | $12,152,972,377 | |||
Other assets and liabilities, net - 0.0% | (1,196,609 | ) | ||
TOTAL NET ASSETS - 100.0% | $12,151,775,768 | |||
MULTIMANAGER LIFESTYLE BALANCED PORTFOLIO | ||||
As of 6-30-18 (unaudited) | ||||
Shares or | ||||
Principal | ||||
Amount | Value | |||
AFFILIATED INVESTMENT COMPANIES (A) - 99.4% | ||||
Equity - 53.5% | ||||
Blue Chip Growth, Class NAV, JHF II | ||||
(T. Rowe Price) | 5,924,765 | $239,952,985 | ||
Capital Appreciation, Class NAV, JHF II | ||||
(Jennison) | 13,112,345 | 233,268,615 | ||
Capital Appreciation Value, Class NAV, JHF II | ||||
(T. Rowe Price) | 45,518,618 | 533,023,018 | ||
Disciplined Value, Class NAV, JHF III | ||||
(Boston Partners) | 13,332,756 | 285,320,969 | ||
Disciplined Value International, Class NAV, | ||||
JHIT (Boston Partners) | 3,668,794 | 49,858,908 | ||
Emerging Markets, Class NAV, JHF II (DFA) | 16,923,592 | 187,851,874 | ||
Emerging Markets Equity, Class NAV, JHIT | ||||
(JHAM) (B)(C) | 16,835,117 | 192,762,087 | ||
Equity Income, Class NAV, JHF II | ||||
(T. Rowe Price) | 18,353,935 | 369,831,793 | ||
Fundamental Global Franchise, Class NAV, JHF | ||||
II (JHAM) (B)(C) | 10,584,794 | 134,003,487 | ||
Fundamental Large Cap Core, Class NAV, JHIT | ||||
(JHAM) (B)(C) | 5,603,012 | 288,330,976 | ||
Global Equity, Class NAV, JHF II (JHAM) (B)(C) | 17,905,295 | 201,613,625 | ||
Global Shareholder Yield, Class NAV, JHF III | ||||
(Epoch) | 13,960,726 | 153,986,804 | ||
International Growth, Class NAV, JHF III | ||||
(Wellington) | 7,686,870 | 216,462,265 | ||
International Growth Stock, Class NAV, JHF II | ||||
(Invesco) | 14,033,500 | 187,206,890 | ||
International Small Cap, Class NAV, JHF II | ||||
(Franklin Templeton) | 5,036,661 | 111,864,249 | ||
International Small Company, Class NAV, JHF II | ||||
(DFA) | 8,924,069 | 112,621,754 | ||
International Strategic Equity Allocation, | ||||
Class NAV, JHF II (JHAM) (B)(C) | 47,252,159 | 529,696,698 | ||
International Value, Class NAV, JHF II | ||||
(Templeton) | 13,487,460 | 223,082,585 | ||
International Value Equity, Class NAV, JHF III | ||||
(JHAM) (B)(C) | 15,887,853 | 132,822,452 | ||
Mid Cap Stock, Class NAV, JHF II (Wellington) | 11,560,315 | 281,031,253 | ||
Mid Value, Class NAV, JHF II (T. Rowe Price) | 20,497,455 | 344,562,217 | ||
New Opportunities, Class NAV, JHF II | ||||
(Brandywine/DFA/GW&K) | 1,591,038 | 48,272,107 | ||
Small Cap Core, Class NAV, JHIT (JHAM) (B)(C) | 3,794,760 | 47,813,975 | ||
Small Cap Growth, Class NAV, JHF II | ||||
(Redwood) (D) | 3,139,303 | 56,005,167 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 20 |
|
MULTIMANAGER LIFESTYLE BALANCED PORTFOLIO (continued) | ||||
Shares or | ||||
Principal | ||||
Amount | Value | |||
Equity - (continued) | ||||
Small Cap Stock, Class NAV, JHF II | ||||
(Wellington) (E) | 5,044,924 | $56,150,001 | ||
Small Cap Value, Class NAV, JHF II | ||||
(Wellington) | 3,635,364 | 79,323,639 | ||
Small Company Value, Class NAV, JHF II | ||||
(T. Rowe Price) | 1,795,932 | 52,764,495 | ||
Strategic Growth, Class NAV, JHF III (JHAM) | ||||
(B)(C) | 12,512,048 | 238,604,751 | ||
U.S. Strategic Equity Allocation, Class NAV, JHF | ||||
II (JHAM) (B)(C) | 51,293,618 | 630,911,498 | ||
Value Equity, Class NAV, JHIT (Barrow Hanley) | 13,419,544 | 163,852,629 | ||
Fixed income - 37.1% | ||||
Asia Pacific Total Return Bond, Class NAV, JHF | ||||
II (JHAM) (B)(C) | 12,430,732 | 117,346,111 | ||
Bond, Class NAV, JHSB (JHAM) (B)(C) | 48,846,082 | 751,252,741 | ||
Core Bond, Class NAV, JHF II (Wells Capital) | 20,077,049 | 252,368,503 | ||
Emerging Markets Debt, Class NAV, JHF II | ||||
(JHAM) (B)(C) | 34,525,205 | 309,000,588 | ||
Floating Rate Income, Class NAV, JHF II | ||||
(WAMCO) | 38,323,865 | 322,686,941 | ||
Global Bond, Class NAV, JHF II (PIMCO) | 4,612,194 | 58,667,109 | ||
Global Short Duration Credit, Class NAV, JHBT | ||||
(JHAM) (B)(C) | 12,883,400 | 113,373,921 | ||
High Yield, Class NAV, JHBT (JHAM) (B)(C) | 30,875,769 | 104,977,615 | ||
High Yield, Class NAV, JHF II (WAMCO) | 6,719,724 | 53,220,214 | ||
Real Return Bond, Class NAV, JHF II (PIMCO) | 39,443,300 | 430,326,399 | ||
Short Duration Credit Opportunities, | ||||
Class NAV, JHF II (Stone Harbor) | 32,781,460 | 309,129,165 | ||
Short Term Government Income, Class NAV, | ||||
JHF II (JHAM) (B)(C) | 4,429,966 | 41,065,787 | ||
Spectrum Income, Class NAV, JHF II | ||||
(T. Rowe Price) | 31,476,542 | 328,300,335 | ||
Strategic Income Opportunities, Class NAV, JHF | ||||
II (JHAM) (B)(C) | 57,040,599 | 590,940,603 | ||
Total Return, Class NAV, JHF II (PIMCO) | 43,104,780 | 569,414,137 | ||
U.S. High Yield Bond, Class NAV, JHF II (Wells | ||||
Capital) | 6,950,385 | 76,732,250 | ||
Alternative and specialty - 8.8% | ||||
Absolute Return Currency, Class NAV, JHF II | ||||
(First Quadrant) (F) | 19,476,359 | 175,481,998 | ||
Diversified Real Assets, Class NAV, JHIT | ||||
(Deutsche/JHAM/Wellington) (B)(F)(G) | 25,586,111 | 271,980,361 | ||
Financial Industries, Class NAV, JHIT II (JHAM) | ||||
(B)(C) | 7,391,227 | 146,198,467 | ||
Global Absolute Return Strategies, Class NAV, | ||||
JHF II (Standard Life) (F) | 17,657,076 | 179,042,750 | ||
Health Sciences, Class NAV, JHF II | ||||
(T. Rowe Price) | 16,874,496 | 78,128,917 | ||
Science & Technology, Class NAV, JHF II | ||||
(T. Rowe Price/Allianz) | 10,397,646 | 59,370,560 | ||
Seaport Long/Short, Class NAV, JHIT | ||||
(Wellington) | 2,562,184 | 29,311,380 | ||
Technical Opportunities, Class NAV, JHF II | ||||
(Wellington) | 8,395,880 | 109,398,317 |
MULTIMANAGER LIFESTYLE BALANCED PORTFOLIO (continued) | ||||
Shares or | ||||
Principal | ||||
Amount | Value | |||
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost | ||||
$10,078,718,691) | $11,860,568,935 | |||
COMMON STOCKS - 0.0% | ||||
Consumer discretionary - 0.0% | ||||
Boardriders, Inc. (I)(J) | 3,882 | $134,629 | ||
TOTAL COMMON STOCKS (Cost $122,433) | $134,629 | |||
ESCROW CERTIFICATES - 0.0% | ||||
Midstates Petroleum Company, Inc., 10.750%, | ||||
10/01/2020 (I)(J) | 365,847 | 328 | ||
TOTAL ESCROW CERTIFICATES (Cost $328) | $328 | |||
SHORT-TERM INVESTMENTS - 0.6% | ||||
U.S. Government - 0.6% | ||||
U.S. Treasury Bill, 1.871%, 08/30/2018 * | 30,418,000 | 30,325,400 | ||
U.S. Treasury Bill, 1.875%, 09/13/2018 * | 16,818,300 | 16,754,441 | ||
U.S. Treasury Bill, 1.880%, 08/30/2018 * | 30,418,000 | 30,325,400 | ||
Money market funds - 0.0% | ||||
State Street Institutional U.S. Government | ||||
Money Market Fund, Premier Class, | ||||
1.8098% (H) | 1,565 | 1,565 | ||
TOTAL SHORT-TERM INVESTMENTS (Cost $77,400,881) | $77,406,806 | |||
Total Investments (Multimanager Lifestyle | ||||
Balanced Portfolio) | ||||
(Cost $10,156,242,333) - 100.0% | $11,938,110,698 | |||
Other assets and liabilities, net - 0.0% | (1,638,804 | ) | ||
TOTAL NET ASSETS - 100.0% | $11,936,471,894 | |||
MULTIMANAGER LIFESTYLE MODERATE PORTFOLIO | ||||
As of 6-30-18 (unaudited) | ||||
Shares or | ||||
Principal | ||||
Amount | Value | |||
AFFILIATED INVESTMENT COMPANIES (A) - 99.3% | ||||
Equity - 36.1% | ||||
Blue Chip Growth, Class NAV, JHF II | ||||
(T. Rowe Price) | 862,190 | $34,918,692 | ||
Capital Appreciation, Class NAV, JHF II | ||||
(Jennison) | 1,920,017 | 34,157,101 | ||
Capital Appreciation Value, Class NAV, JHF II | ||||
(T. Rowe Price) | 13,226,850 | 154,886,417 | ||
Disciplined Value, Class NAV, JHF III | ||||
(Boston Partners) | 1,957,998 | 41,901,162 | ||
Disciplined Value International, Class NAV, | ||||
JHIT (Boston Partners) | 919,386 | 12,494,458 | ||
Emerging Markets, Class NAV, JHF II (DFA) | 2,255,956 | 25,041,108 | ||
Emerging Markets Equity, Class NAV, JHIT | ||||
(JHAM) (B)(C) | 2,223,836 | 25,462,919 | ||
Equity Income, Class NAV, JHF II | ||||
(T. Rowe Price) | 2,705,913 | 54,524,156 | ||
Fundamental Global Franchise, Class NAV, JHF | ||||
II (JHAM) (B)(C) | 3,423,955 | 43,347,265 | ||
Fundamental Large Cap Core, Class NAV, JHIT | ||||
(JHAM) (B)(C) | 2,042,535 | 105,108,854 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 21 |
MULTIMANAGER LIFESTYLE MODERATE PORTFOLIO |
(continued) |
Shares or | ||||
Principal | ||||
Amount | Value | |||
Equity - (continued) | ||||
Global Equity, Class NAV, JHF II (JHAM) (B)(C) | 5,518,964 | $62,143,533 | ||
Global Shareholder Yield, Class NAV, JHF III | ||||
(Epoch) | 4,261,694 | 47,006,488 | ||
International Growth, Class NAV, JHF III | ||||
(Wellington) | 1,078,535 | 30,371,538 | ||
International Growth Stock, Class NAV, JHF II | ||||
(Invesco) | 3,191,160 | 42,570,078 | ||
International Small Cap, Class NAV, JHF II | ||||
(Franklin Templeton) | 848,001 | 18,834,093 | ||
International Small Company, Class NAV, JHF II | ||||
(DFA) | 1,506,121 | 19,007,251 | ||
International Strategic Equity Allocation, | ||||
Class NAV, JHF II (JHAM) (B)(C) | 10,751,632 | 120,525,797 | ||
International Value, Class NAV, JHF II | ||||
(Templeton) | 2,103,875 | 34,798,093 | ||
International Value Equity, Class NAV, JHF III | ||||
(JHAM) (B)(C) | 3,149,865 | 26,332,869 | ||
Mid Cap Stock, Class NAV, JHF II (Wellington) | 2,087,969 | 50,758,538 | ||
Mid Value, Class NAV, JHF II (T. Rowe Price) | 3,498,901 | 58,816,531 | ||
Small Cap Growth, Class NAV, JHF II | ||||
(Redwood) (D) | 633,704 | 11,305,282 | ||
Small Cap Stock, Class NAV, JHF II | ||||
(Wellington) (E) | 1,018,162 | 11,332,146 | ||
Small Cap Value, Class NAV, JHF II | ||||
(Wellington) | 1,344,768 | 29,342,844 | ||
Strategic Growth, Class NAV, JHF III (JHAM) | ||||
(B)(C) | 1,795,303 | 34,236,425 | ||
U.S. Strategic Equity Allocation, Class NAV, JHF | ||||
II (JHAM) (B)(C) | 9,755,837 | 119,996,796 | ||
Value Equity, Class NAV, JHIT (Barrow Hanley) | 1,965,188 | 23,994,951 | ||
Fixed income - 56.6% | ||||
Asia Pacific Total Return Bond, Class NAV, JHF | ||||
II (JHAM) (B)(C) | 6,712,384 | 63,364,906 | ||
Bond, Class NAV, JHSB (JHAM) (B)(C) | 19,455,591 | 299,226,990 | ||
Core Bond, Class NAV, JHF II (Wells Capital) | 22,643,034 | 284,622,933 | ||
Emerging Markets Debt, Class NAV, JHF II | ||||
(JHAM) (B)(C) | 13,466,170 | 120,522,219 | ||
Floating Rate Income, Class NAV, JHF II | ||||
(WAMCO) | 16,096,258 | 135,530,493 | ||
Global Bond, Class NAV, JHF II (PIMCO) | 3,874,514 | 49,283,816 | ||
Global Short Duration Credit, Class NAV, JHBT | ||||
(JHAM) (B)(C) | 4,917,581 | 43,274,711 | ||
High Yield, Class NAV, JHBT (JHAM) (B)(C) | 12,016,554 | 40,856,283 | ||
High Yield, Class NAV, JHF II (WAMCO) | 2,615,314 | 20,713,284 | ||
Real Return Bond, Class NAV, JHF II (PIMCO) | 16,125,373 | 175,927,817 | ||
Short Duration Credit Opportunities, | ||||
Class NAV, JHF II (Stone Harbor) | 11,869,254 | 111,927,066 | ||
Short Term Government Income, Class NAV, | ||||
JHF II (JHAM) (B)(C) | 1,455,578 | 13,493,205 | ||
Spectrum Income, Class NAV, JHF II | ||||
(T. Rowe Price) | 11,184,544 | 116,654,792 | ||
Strategic Income Opportunities, Class NAV, JHF | ||||
II (JHAM) (B)(C) | 20,267,731 | 209,973,697 | ||
Total Return, Class NAV, JHF II (PIMCO) | 21,461,778 | 283,510,088 |
MULTIMANAGER LIFESTYLE MODERATE PORTFOLIO |
(continued) |
Shares or | |||||
Principal | |||||
Amount | Value | ||||
Fixed income - (continued) | |||||
U.S. High Yield Bond, Class NAV, JHF II (Wells | |||||
Capital) | 2,705,253 | $29,865,992 | |||
Alternative and specialty - 6.6% | |||||
Absolute Return Currency, Class NAV, JHF II | |||||
(First Quadrant) (F) | 7,700,360 | 69,380,243 | |||
Diversified Real Assets, Class NAV, JHIT | |||||
(Deutsche/JHAM/Wellington) (B)(F)(G) | 6,068,327 | 64,506,320 | |||
Enduring Assets, Class NAV, JHIT (Wellington) | 1,478,843 | 17,568,659 | |||
Global Absolute Return Strategies, Class NAV, | |||||
JHF II (Standard Life) (F) | 6,975,601 | 70,732,592 | |||
Seaport Long/Short, Class NAV, JHIT | |||||
(Wellington) | 832,769 | 9,526,881 | |||
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost | |||||
$3,213,247,736) | $3,503,678,372 | ||||
COMMON STOCKS - 0.0% | |||||
Consumer discretionary - 0.0% | |||||
Boardriders, Inc. (I)(J) | 1,476 | 51,189 | |||
TOTAL COMMON STOCKS (Cost $46,561) | $51,189 | ||||
ESCROW CERTIFICATES - 0.0% | |||||
Midstates Petroleum Company, Inc., 10.750%, | |||||
10/01/2020 (I)(J) | 139,130 | 125 | |||
TOTAL ESCROW CERTIFICATES (Cost $125) | $125 | ||||
SHORT-TERM INVESTMENTS - 0.7% | |||||
U.S. Government - 0.7% | |||||
U.S. Treasury Bill, 1.871%, 08/30/2018 * | 8,963,000 | 8,935,714 | |||
U.S. Treasury Bill, 1.875%, 09/13/2018 * | 6,229,600 | 6,205,946 | |||
U.S. Treasury Bill, 1.880%, 08/30/2018 * | 8,963,000 | 8,935,714 | |||
Money market funds - 0.0% | |||||
State Street Institutional U.S. Government | |||||
Money Market Fund, Premier Class, | |||||
1.8098% (H) | 1,151 | 1,151 | |||
TOTAL SHORT-TERM INVESTMENTS (Cost $24,076,707) | $24,078,525 | ||||
Total Investments (Multimanager Lifestyle | |||||
Moderate Portfolio) | |||||
(Cost $3,237,371,129) - 100.0% | $3,527,808,211 | ||||
Other assets and liabilities, net - 0.0% | (782,366 | ) | |||
TOTAL NET ASSETS - 100.0% | $3,527,025,845 |
MULTIMANAGER LIFESTYLE CONSERVATIVE PORTFOLIO |
As of 6-30-18 (unaudited)
Shares or | ||||
Principal | ||||
Amount | Value | |||
AFFILIATED INVESTMENT COMPANIES (A) - 99.3% | ||||
Equity - 16.2% | ||||
Blue Chip Growth, Class NAV, JHF II | ||||
(T. Rowe Price) | 116,012 | $4,698,472 | ||
Capital Appreciation, Class NAV, JHF II | ||||
(Jennison) | 252,323 | 4,488,828 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 22 |
MULTIMANAGER LIFESTYLE CONSERVATIVE PORTFOLIO |
(continued) |
Shares or | ||||
Principal | ||||
Amount | Value | |||
Equity - (continued) | ||||
Capital Appreciation Value, Class NAV, JHF II | ||||
(T. Rowe Price) | 6,455,118 | $75,589,426 | ||
Disciplined Value, Class NAV, JHF III | ||||
(Boston Partners) | 354,607 | 7,588,598 | ||
Disciplined Value International, Class NAV, | ||||
JHIT (Boston Partners) | 440,405 | 5,985,109 | ||
Emerging Markets, Class NAV, JHF II (DFA) | 775,111 | 8,603,727 | ||
Emerging Markets Equity, Class NAV, JHIT | ||||
(JHAM) (B)(C) | 770,100 | 8,817,647 | ||
Equity Income, Class NAV, JHF II | ||||
(T. Rowe Price) | 492,532 | 9,924,511 | ||
Fundamental Global Franchise, Class NAV, JHF | ||||
II (JHAM) (B)(C) | 1,656,725 | 20,974,136 | ||
Fundamental Large Cap Core, Class NAV, JHIT | ||||
(JHAM) (B)(C) | 530,269 | 27,287,630 | ||
Global Equity, Class NAV, JHF II (JHAM) (B)(C) | 2,532,501 | 28,515,964 | ||
Global Shareholder Yield, Class NAV, JHF III | ||||
(Epoch) | 1,863,366 | 20,552,924 | ||
International Growth, Class NAV, JHF III | ||||
�� (Wellington) | 419,832 | 11,822,479 | ||
International Growth Stock, Class NAV, JHF II | ||||
(Invesco) | 939,017 | 12,526,492 | ||
International Strategic Equity Allocation, | ||||
Class NAV, JHF II (JHAM) (B)(C) | 5,243,283 | 58,777,201 | ||
International Value, Class NAV, JHF II | ||||
(Templeton) | 766,765 | 12,682,288 | ||
International Value Equity, Class NAV, JHF III | ||||
(JHAM) (B)(C) | 698,488 | 5,839,356 | ||
Mid Cap Stock, Class NAV, JHF II (Wellington) | 627,298 | 15,249,611 | ||
Mid Value, Class NAV, JHF II (T. Rowe Price) | 1,133,934 | 19,061,427 | ||
Small Cap Stock, Class NAV, JHF II | ||||
(Wellington) (E) | 640,882 | 7,133,017 | ||
Small Cap Value, Class NAV, JHF II | ||||
(Wellington) | 481,630 | 10,509,166 | ||
Strategic Growth, Class NAV, JHF III (JHAM) | ||||
(B)(C) | 236,066 | 4,501,776 | ||
U.S. Strategic Equity Allocation, Class NAV, JHF | ||||
II (JHAM) (B)(C) | 2,799,998 | 34,439,979 | ||
Value Equity, Class NAV, JHIT (Barrow Hanley) | 357,225 | 4,361,722 | ||
Fixed income - 73.4% | ||||
Asia Pacific Total Return Bond, Class NAV, JHF | ||||
II (JHAM) (B)(C) | 5,193,671 | 49,028,259 | ||
Bond, Class NAV, JHSB (JHAM) (B)(C) | 18,250,455 | 280,691,999 | ||
Core Bond, Class NAV, JHF II (Wells Capital) | 20,773,605 | 261,124,216 | ||
Emerging Markets Debt, Class NAV, JHF II | ||||
(JHAM) (B)(C) | 10,548,662 | 94,410,522 | ||
Floating Rate Income, Class NAV, JHF II | ||||
(WAMCO) | 15,323,246 | 129,021,733 | ||
Global Bond, Class NAV, JHF II (PIMCO) | 4,361,584 | 55,479,345 | ||
Global Short Duration Credit, Class NAV, JHBT | ||||
(JHAM) (B)(C) | 3,604,985 | 31,723,864 | ||
High Yield, Class NAV, JHBT (JHAM) (B)(C) | 7,660,096 | 26,044,327 | ||
High Yield, Class NAV, JHF II (WAMCO) | 1,667,182 | 13,204,084 | ||
Real Return Bond, Class NAV, JHF II (PIMCO) | 17,035,154 | 185,853,535 |
MULTIMANAGER LIFESTYLE CONSERVATIVE PORTFOLIO |
(continued) |
Shares or | |||||
Principal | |||||
Amount | Value | ||||
Fixed income - (continued) | |||||
Short Duration Credit Opportunities, | |||||
Class NAV, JHF II (Stone Harbor) | 11,536,705 | $108,791,125 | |||
Short Term Government Income, Class NAV, | |||||
JHF II (JHAM) (B)(C) | 12,519,423 | 116,055,049 | |||
Spectrum Income, Class NAV, JHF II | |||||
(T. Rowe Price) | 9,330,139 | 97,313,352 | |||
Strategic Income Opportunities, Class NAV, JHF | |||||
II (JHAM) (B)(C) | 16,907,825 | 175,165,066 | |||
Total Return, Class NAV, JHF II (PIMCO) | 19,813,272 | 261,733,321 | |||
U.S. High Yield Bond, Class NAV, JHF II (Wells | |||||
Capital) | 1,724,263 | 19,035,866 | |||
Alternative and specialty - 9.7% | |||||
Absolute Return Currency, Class NAV, JHF II | |||||
(First Quadrant) (F) | 8,714,969 | 78,521,869 | |||
Diversified Real Assets, Class NAV, JHIT | |||||
(Deutsche/JHAM/Wellington) (B)(F)(G) | 4,333,890 | 46,069,256 | |||
Enduring Assets, Class NAV, JHIT (Wellington) | 3,784,009 | 44,954,023 | |||
Global Absolute Return Strategies, Class NAV, | |||||
JHF II (Standard Life) (F) | 7,876,017 | 79,862,815 | |||
Seaport Long/Short, Class NAV, JHIT | |||||
(Wellington) | 361,088 | 4,130,847 | |||
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost | |||||
$2,510,366,764) | $2,578,145,959 | ||||
COMMON STOCKS - 0.0% | |||||
Consumer discretionary - 0.0% | |||||
Boardriders, Inc. (I)(J) | 1,226 | 42,517 | |||
TOTAL COMMON STOCKS (Cost $38,672) | $42,517 | ||||
ESCROW CERTIFICATES - 0.0% | |||||
Midstates Petroleum Company, Inc., 10.750%, | |||||
10/01/2020 (I)(J) | 115,555 | 103 | |||
TOTAL ESCROW CERTIFICATES (Cost $103) | $103 | ||||
SHORT-TERM INVESTMENTS - 0.7% | |||||
U.S. Government - 0.7% | |||||
U.S. Treasury Bill, 1.871%, 08/30/2018 * | 6,611,000 | 6,590,875 | |||
U.S. Treasury Bill, 1.875%, 09/13/2018 * | 5,057,000 | 5,037,799 | |||
U.S. Treasury Bill, 1.880%, 08/30/2018 * | 6,611,000 | 6,590,875 | |||
Money market funds - 0.0% | |||||
State Street Institutional U.S. Government | |||||
Money Market Fund, Premier Class, | |||||
1.8098% (H) | 1,175 | 1,175 | |||
TOTAL SHORT-TERM INVESTMENTS (Cost $18,219,355) | $18,220,724 | ||||
Total Investments (Multimanager Lifestyle | |||||
Conservative Portfolio) | |||||
(Cost $2,528,624,894) - 100.0% | $2,596,409,303 | ||||
Other assets and liabilities, net - 0.0% | (569,320 | ) | |||
TOTAL NET ASSETS - 100.0% | $2,595,839,983 |
Percentages are based upon net assets. | |
Security Abbreviations and Legend | |
JHF II | John Hancock Funds II |
JHF III | John Hancock Funds III |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 23 |
MULTIMANAGER LIFESTYLE CONSERVATIVE PORTFOLIO |
(continued) |
JHIT | John Hancock Investment Trust |
JHIT III | John Hancock Investment Trust III |
JHIT II | John Hancock Investment Trust II |
JHSB | John Hancock Sovereign Bond Fund |
JHBT | John Hancock Bond Trust |
(A) | The underlying funds’ subadvisor is shown parenthetically. |
(B) | The subadvisor is an affiliate of the advisor. |
(C) | Manulife Asset Management (US) LLC is doing business as John Hancock Asset Management. |
(D) | Formerly known as Small Company Growth Fund. |
(E) | Formerly known as Small Cap Growth Fund. |
(F) | Non-income producing. |
(G) | Manulife Asset Management (North America) Limited is doing business as John Hancock Asset Management. |
(H) | The rate shown is the annualized seven-day yield as of 6-30-18. |
(I) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(J) | Non-income producing security. |
* | Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 24 |
Financial statements |
STATEMENTS OF ASSETS AND LIABILITIES 6-30-18 (unaudited) | ||||||||||
Multimanager | Multimanager | Multimanager | Multimanager | Multimanager | ||||||
Lifestyle | Lifestyle | Lifestyle | Lifestyle | Lifestyle | ||||||
Aggressive | Growth | Balanced | Moderate | Conservative | ||||||
Portfolio | Portfolio | Portfolio | Portfolio | Portfolio | ||||||
Assets | ||||||||||
Unaffiliated investments, at value | — | $8,521,258 | $77,540,198 | $24,128,688 | $18,262,169 | |||||
Unaffiliated funds, at value | $1,156 | 1,474 | 1,565 | 1,151 | 1,175 | |||||
Affiliated funds, at value | 4,104,688,449 | 12,144,449,645 | 11,860,568,935 | 3,503,678,372 | 2,578,145,959 | |||||
Total investments, at value | 4,104,689,605 | 12,152,972,377 | 11,938,110,698 | 3,527,808,211 | 2,596,409,303 | |||||
Dividends and interest receivable | 64,818 | 199,021 | 218,523 | 68,409 | 43,619 | |||||
Receivable for fund shares sold | 763,802 | 1,193,810 | 979,660 | 574,773 | 521,941 | |||||
Receivable for investments sold | 10,310,203 | 35,404,388 | 28,986,525 | 7,904,127 | 10,249,707 | |||||
Other assets | 79,876 | 108,501 | 103,645 | 79,431 | 76,531 | |||||
Total assets | 4,115,908,304 | 12,189,878,097 | 11,968,399,051 | 3,536,434,951 | 2,607,301,101 | |||||
Liabilities | ||||||||||
Distributions payable | — | — | 85,989 | 119,168 | 216,394 | |||||
Payable for fund shares repurchased | 10,956,780 | 37,138,384 | 30,868,078 | 8,955,464 | 10,976,798 | |||||
Payable to affiliates | ||||||||||
Accounting and legal services fees | 228,451 | 671,132 | 656,174 | 193,052 | 141,865 | |||||
Transfer agent fees | 58,662 | 206,714 | 223,203 | 84,513 | 72,759 | |||||
Distribution and service fees | 9,533 | 18,437 | 20,097 | 7,035 | 5,309 | |||||
Trustees’ fees | 1,260 | 3,599 | 4,134 | 1,633 | 1,427 | |||||
Other liabilities and accrued expenses | 44,474 | 64,063 | 69,482 | 48,241 | 46,566 | |||||
Total liabilities | 11,299,160 | 38,102,329 | 31,927,157 | 9,409,106 | 11,461,118 | |||||
Net assets | $4,104,609,144 | $12,151,775,768 | $11,936,471,894 | $3,527,025,845 | $2,595,839,983 | |||||
Net assets consist of | ||||||||||
Paid-in capital | $2,894,385,249 | $9,256,876,752 | $9,903,576,531 | $3,179,777,996 | $2,534,969,572 | |||||
Undistributed net investment income (loss) | (1,386,582) | 28,780,318 | 1,524,562 | 589,329 | 518,361 | |||||
Accumulated net realized gain (loss) on investments | 190,778,273 | 430,607,161 | 249,502,436 | 56,221,438 | (7,432,359) | |||||
Net unrealized appreciation (depreciation) on investments | 1,020,832,204 | 2,435,511,537 | 1,781,868,365 | 290,437,082 | 67,784,409 | |||||
Net assets | $4,104,609,144 | $12,151,775,768 | $11,936,471,894 | $3,527,025,845 | $2,595,839,983 | |||||
Unaffiliated investments, including repurchase agreements, at cost | — | 8,514,546 | 77,522,077 | 24,122,242 | 18,256,955 | |||||
Unaffiliated funds, at cost | 1,156 | 1,474 | 1,565 | 1,151 | 1,175 | |||||
Affiliated funds, at cost | 3,083,856,245 | 9,708,944,820 | 10,078,718,691 | 3,213,247,736 | $2,510,366,764 | |||||
Net asset value per share | ||||||||||
The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. | ||||||||||
Class A1 | ||||||||||
Net assets | $511,712,130 | $1,713,977,290 | $1,814,600,415 | $669,626,362 | $576,432,477 | |||||
Shares outstanding | 30,661,673 | 105,685,744 | 119,305,494 | 49,190,299 | 45,205,032 | |||||
Net asset value and redemption price per share | $16.69 | $16.22 | $15.21 | $13.61 | $12.75 | |||||
Class B1 | ||||||||||
Net assets | $7,958,984 | $36,232,721 | $36,727,304 | $15,797,819 | $13,055,267 | |||||
Shares outstanding | 477,697 | 2,235,770 | 2,416,871 | 1,161,499 | 1,023,196 | |||||
Net asset value, offering price and redemption price per share | $16.66 | $16.21 | $15.20 | $13.60 | $12.76 | |||||
Class C1 | ||||||||||
Net assets | $115,546,137 | $510,473,307 | $591,231,891 | $246,727,093 | $214,389,891 | |||||
Shares outstanding | 6,929,009 | 31,538,411 | 38,867,163 | 18,120,582 | 16,808,561 | |||||
Net asset value, offering price and redemption price per share | $16.68 | $16.19 | $15.21 | $13.62 | $12.75 | |||||
Class I | ||||||||||
Net assets | $11,466,217 | $36,723,318 | $45,823,330 | $12,386,558 | $14,388,527 | |||||
Shares outstanding | 688,118 | 2,273,367 | 3,030,675 | 913,556 | 1,130,238 | |||||
Net asset value, offering price and redemption price per share | $16.66 | $16.15 | $15.12 | $13.56 | $12.73 | |||||
Class R1 | ||||||||||
Net assets | $6,603,561 | $17,179,077 | $16,184,522 | $5,878,891 | $6,878,097 | |||||
Shares outstanding | 395,764 | 1,056,261 | 1,069,154 | 432,572 | 539,796 | |||||
Net asset value, offering price and redemption price per share | $16.69 | $16.26 | $15.14 | $13.59 | $12.74 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 25 |
STATEMENTS OF ASSETS AND LIABILITIES 6-30-18 (unaudited) | ||||||||||
Continued | ||||||||||
Multimanager | Multimanager | Multimanager | Multimanager | Multimanager | ||||||
Lifestyle | Lifestyle | Lifestyle | Lifestyle | Lifestyle | ||||||
Aggressive | Growth | Balanced | Moderate | Conservative | ||||||
Portfolio | Portfolio | Portfolio | Portfolio | Portfolio | ||||||
Class R2 | ||||||||||
Net assets | $7,145,802 | $15,109,370 | $15,398,519 | $4,769,962 | $3,284,971 | |||||
Shares outstanding | 431,013 | 938,324 | 1,018,200 | 351,760 | 257,920 | |||||
Net asset value, offering price and redemption price per share | $16.58 | $16.10 | $15.12 | $13.56 | $12.74 | |||||
Class R3 | ||||||||||
Net assets | $8,759,379 | $13,211,551 | $17,572,854 | $5,690,676 | $3,938,079 | |||||
Shares outstanding | 526,952 | 816,867 | 1,158,375 | 418,899 | 309,564 | |||||
Net asset value, offering price and redemption price per share | $16.62 | $16.17 | $15.17 | $13.58 | $12.72 | |||||
Class R4 | ||||||||||
Net assets | $6,579,252 | $8,908,739 | $11,709,565 | $4,803,794 | $2,785,826 | |||||
Shares outstanding | 395,650 | 549,643 | 771,517 | 354,349 | 218,938 | |||||
Net asset value, offering price and redemption price per share | $16.63 | $16.21 | $15.18 | $13.56 | $12.72 | |||||
Class R5 | ||||||||||
Net assets | $6,015,547 | $16,340,107 | $16,988,986 | $8,420,191 | $4,698,392 | |||||
Shares outstanding | 360,774 | 1,005,485 | 1,117,669 | 620,442 | 369,049 | |||||
Net asset value, offering price and redemption price per share | $16.67 | $16.25 | $15.20 | $13.57 | $12.73 | |||||
Class R6 | ||||||||||
Net assets | $30,576,047 | $86,962,545 | $78,197,709 | $26,376,368 | $15,035,633 | |||||
Shares outstanding | 1,834,455 | 5,377,996 | 5,173,767 | 1,946,708 | 1,181,962 | |||||
Net asset value, offering price and redemption price per share | $16.67 | $16.17 | $15.11 | $13.55 | $12.72 | |||||
Class 1 | ||||||||||
Net assets | $3,392,246,088 | $9,376,634,345 | $9,128,655,120 | $2,467,500,974 | $1,740,952,823 | |||||
Shares outstanding | 203,855,124 | 579,873,409 | 604,139,510 | 181,838,445 | 136,824,577 | |||||
Net asset value, offering price and redemption price per share | $16.64 | $16.17 | $15.11 | $13.57 | $12.72 | |||||
Class 5 | ||||||||||
Net assets | — | $320,023,398 | $163,381,679 | $59,047,157 | — | |||||
Shares outstanding | — | 19,814,422 | 10,807,472 | 4,356,497 | — | |||||
— | $16.15 | $15.12 | $13.55 | — | ||||||
Maximum offering price per share | ||||||||||
Class A (net asset value per share ÷ 95%)2 | $17.57 | $17.07 | $16.01 | $14.33 | $13.42 |
1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 26 |
STATEMENTS OF OPERATIONS For the six months ended 6-30-18 (unaudited) | ||||||||||
Multimanager | Multimanager | Multimanager | Multimanager | Multimanager | ||||||
Lifestyle | Lifestyle | Lifestyle | Lifestyle | Lifestyle | ||||||
Aggressive | Growth | Balanced | Moderate | Conservative | ||||||
Portfolio | Portfolio | Portfolio | Portfolio | Portfolio | ||||||
Investment income | ||||||||||
Interest | $10 | $58,603 | $195,664 | $67,337 | $53,605 | |||||
Income distributions received from affiliated funds | 2,781,174 | 42,524,683 | 78,980,213 | 31,805,685 | 28,388,764 | |||||
Total investment income | 2,781,184 | 42,583,286 | 79,175,877 | 31,873,022 | 28,442,369 | |||||
Expenses | ||||||||||
Investment management fees | 2,575,881 | 7,098,832 | 7,272,232 | 2,169,176 | 1,634,406 | |||||
Distribution and service fees | 2,450,479 | 8,294,420 | 8,810,233 | 3,182,260 | 2,649,027 | |||||
Accounting and legal services fees | 323,703 | 955,336 | 936,113 | 276,232 | 203,770 | |||||
Transfer agent fees | 359,486 | 1,280,251 | 1,386,850 | 528,182 | 459,077 | |||||
Trustees’ fees | 35,335 | 105,395 | 104,111 | 31,236 | 23,503 | |||||
Custodian fees | 20,309 | 20,320 | 20,309 | 20,301 | 20,301 | |||||
State registration fees | 78,649 | 94,495 | 95,153 | 82,188 | 78,812 | |||||
Printing and postage | 31,217 | 81,660 | 74,808 | 33,858 | 29,308 | |||||
Professional fees | 53,175 | 112,384 | 113,392 | 52,176 | 45,584 | |||||
Other | 18,846 | 45,653 | 45,789 | 18,218 | 15,179 | |||||
Total expenses | 5,947,080 | 18,088,746 | 18,858,990 | 6,393,827 | 5,158,967 | |||||
Less expense reductions | (1,779,314) | (4,285,778) | (4,016,916) | (1,100,044) | (752,053) | |||||
Net expenses | 4,167,766 | 13,802,968 | 14,842,074 | 5,293,783 | 4,406,914 | |||||
Net investment income (loss) | (1,386,582) | 28,780,318 | 64,333,803 | 26,579,239 | 24,035,455 | |||||
Realized and unrealized gain (loss) | ||||||||||
Net realized gain (loss) on | ||||||||||
Affiliated funds | 16,062,567 | 79,917,229 | 72,470,135 | 28,912,991 | 13,686,993 | |||||
Capital gain distributions received from affiliated funds | 7,037,639 | 13,578,861 | 10,727,079 | 2,192,945 | — | |||||
23,100,206 | 93,496,090 | 83,197,214 | 31,105,936 | 13,686,993 | ||||||
Change in net unrealized appreciation (depreciation) of | ||||||||||
Unaffiliated investments and translation assets and liabilities in | ||||||||||
foreign currencies | — | 6,712 | 18,121 | 6,446 | 5,214 | |||||
Affiliated funds | 29,088,042 | (51,570,650) | (143,094,944) | (88,953,917) | (78,259,402) | |||||
29,088,042 | (51,563,938) | (143,076,823) | (88,947,471) | (78,254,188) | ||||||
Net realized and unrealized gain (loss) | 52,188,248 | 41,932,152 | (59,879,609) | (57,841,535) | (64,567,195) | |||||
Increase (decrease) in net assets from operations | $50,801,666 | $70,712,470 | $4,454,194 | $(31,262,296) | $(40,531,740) |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 27 |
STATEMENTS OF CHANGES IN NET ASSETS | ||||||||||||
Multimanager Lifestyle | Multimanager Lifestyle | Multimanager Lifestyle | ||||||||||
Aggressive Portfolio | Growth Portfolio | Balanced Portfolio | ||||||||||
Six months | Six months | Six months | ||||||||||
ended | ended | ended | ||||||||||
6-30-18 | Year ended | 6-30-18 | Year ended | 6-30-18 | Year ended | |||||||
(unaudited) | 12-31-17 | (unaudited) | 12-31-17 | (unaudited) | 12-31-17 | |||||||
Increase (decrease) in net assets | ||||||||||||
From operations | ||||||||||||
Net investment income (loss) | $(1,386,582) | $42,319,602 | $28,780,318 | $180,472,305 | $64,333,803 | $232,927,423 | ||||||
Net realized gain (loss) | 23,100,206 | 433,174,281 | 93,496,090 | 1,105,943,599 | 83,197,214 | 890,230,751 | ||||||
Change in net unrealized appreciation (depreciation) | 29,088,042 | 396,816,221 | (51,563,938) | 969,575,201 | (143,076,823) | 700,180,954 | ||||||
Increase (decrease) in net assets resulting from | ||||||||||||
operations | 50,801,666 | 872,310,104 | 70,712,470 | 2,255,991,105 | 4,454,194 | 1,823,339,128 | ||||||
Distributions to shareholders | ||||||||||||
From net investment income | ||||||||||||
Class A | — | (3,646,118) | — | (19,802,476) | (7,132,489) | (28,483,192) | ||||||
Class B | — | (9,936) | — | (234,447) | (25,759) | (410,994) | ||||||
Class C | — | (146,045) | — | (3,242,022) | (414,217) | (6,299,154) | ||||||
Class I | — | (98,275) | — | (550,048) | (247,612) | (747,213) | ||||||
Class R1 | — | (26,086) | — | (154,438) | (35,020) | (204,760) | ||||||
Class R2 | — | (37,134) | — | (143,411) | (53,400) | (214,087) | ||||||
Class R3 | — | (50,744) | — | (132,784) | (47,532) | (226,587) | ||||||
Class R4 | — | (70,310) | — | (148,281) | (54,735) | (253,066) | ||||||
Class R5 | — | (68,461) | — | (317,544) | (95,336) | (361,493) | ||||||
Class R6 | — | (314,535) | — | (1,179,126) | (455,440) | (1,212,237) | ||||||
Class 1 | — | (37,942,285) | — | (150,224,009) | (53,267,095) | (192,067,901) | ||||||
Class 5 | — | — | — | (4,800,561) | (980,606) | (3,191,062) | ||||||
From net realized gain | ||||||||||||
Class A | — | (39,385,250) | — | (116,759,804) | — | (100,770,250) | ||||||
Class B | — | (800,649) | — | (3,118,726) | — | (2,562,018) | ||||||
Class C | — | (11,769,057) | — | (43,127,064) | — | (39,489,874) | ||||||
Class I | — | (774,499) | — | (2,616,580) | — | (2,531,067) | ||||||
Class R1 | — | (500,804) | — | (1,251,950) | — | (924,611) | ||||||
Class R2 | — | (454,536) | — | (916,237) | — | (792,379) | ||||||
Class R3 | — | (793,934) | — | (964,788) | — | (970,223) | ||||||
Class R4 | — | (639,842) | — | (777,551) | — | (729,505) | ||||||
Class R5 | — | (515,988) | — | (1,461,106) | — | (1,037,691) | ||||||
Class R6 | — | (2,275,330) | — | (5,273,023) | — | (3,980,157) | ||||||
Class 1 | — | (283,356,257) | — | (687,474,222) | — | (544,063,698) | ||||||
Class 5 | — | — | — | (21,309,492) | — | (9,039,027) | ||||||
Total distributions | — | (383,676,075) | — | (1,065,979,690) | (62,809,241) | (940,562,246) | ||||||
From portfolio share transactions | ||||||||||||
Portfolio share transactions | (226,796,800) | (208,805,463) | (818,616,614) | (856,881,292) | (771,153,009) | (1,093,819,887) | ||||||
Total from portfolio share transactions | (226,796,800) | (208,805,463) | (818,616,614) | (856,881,292) | (771,153,009) | (1,093,819,887) | ||||||
Total increase (decrease) | (175,995,134) | 279,828,566 | (747,904,144) | 333,130,123 | (829,508,056) | (211,043,005) | ||||||
Net assets | ||||||||||||
Beginning of period | 4,280,604,278 | 4,000,775,712 | 12,899,679,912 | 12,566,549,789 | 12,765,979,950 | 12,977,022,955 | ||||||
End of period | $4,104,609,144 | $4,280,604,278 | $12,151,775,768 | $12,899,679,912 | $11,936,471,894 | $12,765,979,950 | ||||||
Undistributed net investment income (loss) | $(1,386,582) | — | $28,780,318 | — | $1,524,562 | — |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 28 |
STATEMENTS OF CHANGES IN NET ASSETS | ||||||||
Continued | ||||||||
Multimanager Lifestyle | Multimanager Lifestyle | |||||||
Moderate Portfolio | Conservative Portfolio | |||||||
Six months | Six months | |||||||
ended | ended | |||||||
6-30-18 | Year ended | 6-30-18 | Year ended | |||||
(unaudited) | 12-31-17 | (unaudited) | 12-31-17 | |||||
Increase (decrease) in net assets | ||||||||
From operations | ||||||||
Net investment income (loss) | $26,579,239 | $81,787,949 | $24,035,455 | $66,559,789 | ||||
Net realized gain (loss) | 31,105,936 | 160,963,712 | 13,686,993 | 57,944,633 | ||||
Change in net unrealized appreciation (depreciation) | (88,947,471) | 167,895,212 | (78,254,188) | 89,546,885 | ||||
Increase (decrease) in net assets resulting from operations | (31,262,296) | 410,646,873 | (40,531,740) | 214,051,307 | ||||
Distributions to shareholders | ||||||||
From net investment income | ||||||||
Class A | (4,176,345) | (13,122,758) | (4,630,936) | (12,586,671) | ||||
Class B | (43,640) | (247,892) | (59,952) | (247,626) | ||||
Class C | (687,904) | (3,715,222) | (983,275) | (3,713,003) | ||||
Class I | (95,770) | (256,162) | (134,694) | (329,156) | ||||
Class R1 | (26,477) | (97,985) | (42,890) | (114,893) | ||||
Class R2 | (27,270) | (100,716) | (24,343) | (52,539) | ||||
Class R3 | (29,322) | (102,218) | (28,766) | (87,356) | ||||
Class R4 | (33,492) | (128,939) | (24,271) | (95,853) | ||||
Class R5 | (71,257) | (213,977) | (44,671) | (142,590) | ||||
Class R6 | (210,058) | (613,121) | (150,263) | (357,695) | ||||
Class 1 | (20,097,132) | (62,035,952) | (17,393,033) | (49,052,835) | ||||
Class 5 | (491,243) | (1,408,409) | — | — | ||||
From net realized gain | ||||||||
Class A | — | (28,906,924) | — | (7,289,747) | ||||
Class B | — | (825,491) | — | (201,255) | ||||
Class C | — | (12,558,582) | — | (3,130,221) | ||||
Class I | — | (586,806) | — | (176,714) | ||||
Class R1 | — | (258,345) | — | (76,649) | ||||
Class R2 | — | (186,763) | — | (24,432) | ||||
Class R3 | — | (273,150) | — | (53,976) | ||||
Class R4 | — | (209,322) | — | (50,582) | ||||
Class R5 | — | (397,368) | — | (56,772) | ||||
Class R6 | — | (1,036,595) | — | (188,692) | ||||
Class 1 | — | (112,572,656) | — | (23,369,847) | ||||
Class 5 | — | (2,594,852) | — | — | ||||
Total distributions | (25,989,910) | (242,450,205) | (23,517,094) | (101,399,104) | ||||
From portfolio share transactions | ||||||||
Portfolio share transactions | (217,317,842) | (376,449,368) | (212,756,900) | (386,543,256) | ||||
Total from portfolio share transactions | (217,317,842) | (376,449,368) | (212,756,900) | (386,543,256) | ||||
Total increase (decrease) | (274,570,048) | (208,252,700) | (276,805,734) | (273,891,053) | ||||
Net assets | ||||||||
Beginning of period | 3,801,595,893 | 4,009,848,593 | 2,872,645,717 | 3,146,536,770 | ||||
End of period | $3,527,025,845 | $3,801,595,893 | $2,595,839,983 | $2,872,645,717 | ||||
Undistributed net investment income (loss) | $589,329 | — | $518,361 | — |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 29 |
Financial highlights |
Multimanager Lifestyle Aggressive Portfolio | ||||||||||||||
Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||
Income (loss) from | ||||||||||||||
investment operations | Less distributions | Ratios to average net assets | ||||||||||||
Net real- | ||||||||||||||
Net asset | ized and | Net | ||||||||||||
value, | Net | unrealized | Total from | Net asset | Expenses | Expenses | Net | assets, | ||||||
beginning | investment | gain (loss) | investment | From net | From net | Total | value, | Total | before | including | investment | end of | Portfolio | |
of period | income | on invest- | operations | investment | realized | distribu- | end of | return | reductions | reductions | income | period | turnover | |
Period ended | ($) | (loss) ($)1, 2 | ments ($) | ($) | income ($) | gain ($)3 | tions ($) | period ($) | (%)4, 5 | (%)6 | (%)6 | (loss) (%)2 | (in millions) | (%) |
Multimanager Lifestyle Aggressive Portfolio | ||||||||||||||
Class A | ||||||||||||||
6-30-20187 | 16.52 | (0.03) | 0.20 | 0.17 | — | — | — | 16.69 | 1.038 | 0.569 | 0.479 | (0.34)9 | 512 | 5 |
12-31-2017 | 14.72 | 0.13 | 3.23 | 3.36 | (0.13) | (1.43) | (1.56) | 16.52 | 22.79 | 0.55 | 0.48 | 0.79 | 499 | 23 |
12-31-2016 | 14.87 | 0.12 | 0.91 | 1.03 | (0.12) | (1.06) | (1.18) | 14.72 | 6.92 | 0.53 | 0.47 | 0.78 | 419 | 31 |
12-31-2015 | 16.29 | 0.11 | (0.34) | (0.23) | (0.10) | (1.09) | (1.19) | 14.87 | (1.54) | 0.52 | 0.47 | 0.64 | 411 | 15 |
12-31-2014 | 15.94 | 0.10 | 0.60 | 0.70 | (0.09) | (0.26) | (0.35) | 16.29 | 4.39 | 0.53 | 0.47 | 0.59 | 393 | 18 |
12-31-2013 | 12.95 | 0.09 | 3.24 | 3.33 | (0.09) | (0.25) | (0.34) | 15.94 | 25.70 | 0.54 | 0.52 | 0.58 | 337 | 21 |
Class B | ||||||||||||||
6-30-20187 | 16.55 | (0.09) | 0.20 | 0.11 | — | — | — | 16.66 | 0.668 | 1.269 | 1.179 | (1.05)9 | 8 | 5 |
12-31-2017 | 14.75 | (0.02) | 3.26 | 3.24 | (0.01) | (1.43) | (1.44) | 16.55 | 21.97 | 1.25 | 1.18 | (0.10) | 10 | 23 |
12-31-2016 | 14.90 | (0.01) | 0.93 | 0.92 | (0.01) | (1.06) | (1.07) | 14.75 | 6.15 | 1.23 | 1.19 | (0.08) | 12 | 31 |
12-31-2015 | 16.33 | (0.04) | (0.32) | (0.36) | — | (1.07) | (1.07) | 14.90 | (2.31) | 1.24 | 1.21 | (0.26) | 16 | 15 |
12-31-2014 | 15.98 | (0.06) | 0.63 | 0.57 | — | (0.22) | (0.22) | 16.33 | 3.58 | 1.28 | 1.26 | (0.36) | 22 | 18 |
12-31-2013 | 12.98 | (0.05) | 3.26 | 3.21 | — | (0.21) | (0.21) | 15.98 | 24.73 | 1.3210 | 1.32 | (0.33) | 27 | 21 |
Class C | ||||||||||||||
6-30-20187 | 16.57 | (0.09) | 0.20 | 0.11 | — | — | — | 16.68 | 0.668 | 1.269 | 1.179 | (1.05)9 | 116 | 5 |
12-31-2017 | 14.76 | —11 | 3.25 | 3.25 | (0.01) | (1.43) | (1.44) | 16.57 | 22.03 | 1.25 | 1.18 | (0.03) | 148 | 23 |
12-31-2016 | 14.92 | —11 | 0.91 | 0.91 | (0.01) | (1.06) | (1.07) | 14.76 | 6.07 | 1.23 | 1.19 | 0.01 | 155 | 31 |
12-31-2015 | 16.33 | (0.02) | (0.32) | (0.34) | — | (1.07) | (1.07) | 14.92 | (2.19) | 1.22 | 1.19 | (0.11) | 167 | 15 |
12-31-2014 | 15.99 | (0.03) | 0.60 | 0.57 | — | (0.23) | (0.23) | 16.33 | 3.56 | 1.23 | 1.21 | (0.19) | 169 | 18 |
12-31-2013 | 12.98 | (0.02) | 3.25 | 3.23 | — | (0.22) | (0.22) | 15.99 | 24.90 | 1.24 | 1.23 | (0.17) | 159 | 21 |
Class I | ||||||||||||||
6-30-20187 | 16.47 | —11 | 0.19 | 0.19 | — | — | — | 16.66 | 1.158 | 0.269 | 0.179 | (0.04)9 | 11 | 5 |
12-31-2017 | 14.67 | 0.22 | 3.19 | 3.41 | (0.18) | (1.43) | (1.61) | 16.47 | 23.20 | 0.24 | 0.17 | 1.33 | 10 | 23 |
12-31-2016 | 14.83 | 0.19 | 0.87 | 1.06 | (0.16) | (1.06) | (1.22) | 14.67 | 7.18 | 0.22 | 0.17 | 1.25 | 4 | 31 |
12-31-201512 | 17.07 | 0.28 | (1.28) | (1.00) | (0.15) | (1.09) | (1.24) | 14.83 | (5.98)8 | 0.209 | 0.179 | 2.569 | 3 | 1513 |
Class R1 | ||||||||||||||
6-30-20187 | 16.55 | (0.06) | 0.20 | 0.14 | — | — | — | 16.69 | 0.858 | 0.909 | 0.829 | (0.68)9 | 7 | 5 |
12-31-2017 | 14.74 | 0.05 | 3.26 | 3.31 | (0.07) | (1.43) | (1.50) | 16.55 | 22.44 | 0.89 | 0.82 | 0.33 | 6 | 23 |
12-31-2016 | 14.90 | 0.05 | 0.91 | 0.96 | (0.06) | (1.06) | (1.12) | 14.74 | 6.48 | 0.88 | 0.84 | 0.35 | 6 | 31 |
12-31-2015 | 16.32 | 0.02 | (0.31) | (0.29) | (0.04) | (1.09) | (1.13) | 14.90 | (1.89) | 0.89 | 0.86 | 0.12 | 7 | 15 |
12-31-2014 | 15.98 | (0.03) | 0.64 | 0.61 | (0.01) | (0.26) | (0.27) | 16.32 | 3.82 | 1.02 | 1.00 | (0.18)9 | 8 | 18 |
12-31-2013 | 12.98 | 0.01 | 3.26 | 3.27 | (0.02) | (0.25) | (0.27) | 15.98 | 25.18 | 0.95 | 0.94 | 0.10 | 10 | 21 |
Class R2 | ||||||||||||||
6-30-20187 | 16.42 | (0.04) | 0.20 | 0.16 | — | — | — | 16.58 | 0.978 | 0.689 | 0.609 | (0.46)9 | 7 | 5 |
12-31-2017 | 14.64 | 0.07 | 3.25 | 3.32 | (0.11) | (1.43) | (1.54) | 16.42 | 22.67 | 0.64 | 0.57 | 0.41 | 6 | 23 |
12-31-2016 | 14.80 | 0.10 | 0.90 | 1.00 | (0.10) | (1.06) | (1.16) | 14.64 | 6.78 | 0.62 | 0.58 | 0.67 | 7 | 31 |
12-31-2015 | 16.22 | 0.07 | (0.32) | (0.25) | (0.08) | (1.09) | (1.17) | 14.80 | (1.65) | 0.65 | 0.60 | 0.44 | 5 | 15 |
12-31-2014 | 15.88 | 0.14 | 0.53 | 0.67 | (0.07) | (0.26) | (0.33) | 16.22 | 4.19 | 1.01 | 0.62 | 0.85 | 5 | 18 |
12-31-2013 | 12.89 | 0.13 | 3.18 | 3.31 | (0.07) | (0.25) | (0.32) | 15.88 | 25.66 | 1.59 | 0.62 | 0.89 | 2 | 21 |
Class R3 | ||||||||||||||
6-30-20187 | 16.48 | (0.05) | 0.19 | 0.14 | — | — | — | 16.62 | 0.858 | 0.809 | 0.729 | (0.59)9 | 9 | 5 |
12-31-2017 | 14.68 | 0.23 | 3.09 | 3.32 | (0.09) | (1.43) | (1.52) | 16.48 | 22.58 | 0.80 | 0.73 | 1.38 | 10 | 23 |
12-31-2016 | 14.84 | 0.07 | 0.91 | 0.98 | (0.08) | (1.06) | (1.14) | 14.68 | 6.59 | 0.77 | 0.73 | 0.45 | 5 | 31 |
12-31-2015 | 16.27 | 0.06 | (0.35) | (0.29) | (0.05) | (1.09) | (1.14) | 14.84 | (1.86) | 0.81 | 0.78 | 0.34 | 6 | 15 |
12-31-2014 | 15.92 | (0.01) | 0.64 | 0.63 | (0.02) | (0.26) | (0.28) | 16.27 | 3.94 | 0.94 | 0.92 | (0.06) | 7 | 18 |
12-31-2013 | 12.93 | —11 | 3.27 | 3.27 | (0.03) | (0.25) | (0.28) | 15.92 | 25.29 | 0.85 | 0.85 | 0.02 | 9 | 21 |
Class R4 | ||||||||||||||
6-30-20187 | 16.45 | (0.02) | 0.20 | 0.18 | — | — | — | 16.63 | 1.098 | 0.519 | 0.339 | (0.20)9 | 7 | 5 |
12-31-2017 | 14.66 | 0.16 | 3.21 | 3.37 | (0.15) | (1.43) | (1.58) | 16.45 | 22.98 | 0.50 | 0.33 | 1.00 | 8 | 23 |
12-31-2016 | 14.81 | 0.11 | 0.94 | 1.05 | (0.14) | (1.06) | (1.20) | 14.66 | 7.10 | 0.47 | 0.33 | 0.76 | 7 | 31 |
12-31-2015 | 16.24 | 0.10 | (0.32) | (0.22) | (0.12) | (1.09) | (1.21) | 14.81 | (1.46) | 0.51 | 0.38 | 0.60 | 6 | 15 |
12-31-2014 | 15.90 | 0.09 | 0.59 | 0.68 | (0.08) | (0.26) | (0.34) | 16.24 | 4.25 | 0.68 | 0.56 | 0.53 | 7 | 18 |
12-31-2013 | 12.91 | 0.07 | 3.25 | 3.32 | (0.08) | (0.25) | (0.33) | 15.90 | 25.76 | 0.59 | 0.48 | 0.45 | 8 | 21 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE AGGRESSIVE PORTFOLIO 30 |
Multimanager Lifestyle Aggressive Portfolio (continued) | ||||||||||||||
Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||
Income (loss) from | ||||||||||||||
investment operations | Less distributions | Ratios to average net assets | ||||||||||||
Net real- | ||||||||||||||
Net asset | ized and | Net | ||||||||||||
value, | Net | unrealized | Total from | Net asset | Expenses | Expenses | Net | assets, | ||||||
beginning | investment | gain (loss) | investment | From net | From net | Total | value, | Total | before | including | investment | end of | Portfolio | |
of period | income | on invest- | operations | investment | realized | distribu- | end of | return | reductions | reductions | income | period | turnover | |
Period ended | ($) | (loss) ($)1, 2 | ments ($) | ($) | income ($) | gain ($)3 | tions ($) | period ($) | (%)4, 5 | (%)6 | (%)6 | (loss) (%)2 | (in millions) | (%) |
Class R5 | ||||||||||||||
6-30-20187 | 16.48 | —11 | 0.19 | 0.19 | — | — | — | 16.67 | 1.158 | 0.219 | 0.139 | —9,14 | 6 | 5 |
12-31-2017 | 14.68 | 0.17 | 3.24 | 3.41 | (0.18) | (1.43) | (1.61) | 16.48 | 23.25 | 0.20 | 0.13 | 1.04 | 7 | 23 |
12-31-2016 | 14.83 | 0.15 | 0.93 | 1.08 | (0.17) | (1.06) | (1.23) | 14.68 | 7.30 | 0.17 | 0.13 | 1.01 | 7 | 31 |
12-31-2015 | 16.26 | 0.13 | (0.31) | (0.18) | (0.16) | (1.09) | (1.25) | 14.83 | (1.25) | 0.19 | 0.16 | 0.81 | 8 | 15 |
12-31-2014 | 15.92 | 0.12 | 0.61 | 0.73 | (0.13) | (0.26) | (0.39) | 16.26 | 4.56 | 0.28 | 0.26 | 0.75 | 12 | 18 |
12-31-2013 | 12.92 | 0.12 | 3.25 | 3.37 | (0.12) | (0.25) | (0.37) | 15.92 | 26.08 | 0.25 | 0.25 | 0.81 | 11 | 21 |
Class R6 | ||||||||||||||
6-30-20187 | 16.47 | —11 | 0.20 | 0.20 | — | — | — | 16.67 | 1.218 | 0.169 | 0.089 | 0.069 | 31 | 5 |
12-31-2017 | 14.67 | 0.25 | 3.17 | 3.42 | (0.19) | (1.43) | (1.62) | 16.47 | 23.32 | 0.15 | 0.08 | 1.51 | 29 | 23 |
12-31-2016 | 14.82 | 0.16 | 0.93 | 1.09 | (0.18) | (1.06) | (1.24) | 14.67 | 7.38 | 0.12 | 0.06 | 1.10 | 18 | 31 |
12-31-2015 | 16.23 | 0.18 | (0.33) | (0.15) | (0.17) | (1.09) | (1.26) | 14.82 | (1.07) | 0.13 | 0.06 | 1.12 | 21 | 15 |
12-31-2014 | 15.89 | 0.20 | 0.56 | 0.76 | (0.16) | (0.26) | (0.42) | 16.23 | 4.76 | 0.26 | 0.06 | 1.24 | 15 | 18 |
12-31-2013 | 12.89 | 0.18 | 3.21 | 3.39 | (0.14) | (0.25) | (0.39) | 15.89 | 26.30 | 0.38 | 0.11 | 1.26 | 5 | 21 |
Class 1 | ||||||||||||||
6-30-20187 | 16.45 | —11 | 0.19 | 0.19 | — | — | — | 16.64 | 1.168 | 0.209 | 0.119 | 0.029 | 3,392 | 5 |
12-31-2017 | 14.65 | 0.18 | 3.24 | 3.42 | (0.19) | (1.43) | (1.62) | 16.45 | 23.31 | 0.19 | 0.12 | 1.08 | 3,548 | 23 |
12-31-2016 | 14.81 | 0.16 | 0.91 | 1.07 | (0.17) | (1.06) | (1.23) | 14.65 | 7.26 | 0.16 | 0.11 | 1.10 | 3,360 | 31 |
12-31-2015 | 16.22 | 0.16 | (0.32) | (0.16) | (0.16) | (1.09) | (1.25) | 14.81 | (1.12) | 0.14 | 0.11 | 0.94 | 3,560 | 15 |
12-31-2014 | 15.88 | 0.14 | 0.61 | 0.75 | (0.15) | (0.26) | (0.41) | 16.22 | 4.71 | 0.13 | 0.11 | 0.88 | 3,937 | 18 |
12-31-2013 | 12.89 | 0.13 | 3.25 | 3.38 | (0.14) | (0.25) | (0.39) | 15.88 | 26.23 | 0.11 | 0.11 | 0.91 | 4,048 | 21 |
1. Based on average daily shares outstanding.
2. Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3. Capital gain distributions may vary between classes due to expense differences applied to ordinary income distributions from underlying funds.
4. Does not reflect the effect of sales charges, if any.
5. Total returns would have been lower had certain expenses not been reduced during the applicable periods.
6. Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. The range of expense ratios of the underlying funds held by the portfolio was as follows: 0.53%-1.62%, 0.53%-3.43%, 0.66%-3.77%, 0.66%-2.99%, 0.67%-2.85%, and 0.69%-3.11% for the periods ended 6-30-18, 12-31-17, 12-31-16, 12-31-15, 12-31-14, and 12-31-13, respectively.
7. Six months ended 6-30-18. Unaudited.
8. Not annualized.
9. Annualized.
10. Includes the impact of expense recapture which amounted to 0.04% of average net assets for Class B shares.
11. Less than $0.005 per share.
12. The inception date for Class I shares is 5-1-15.
13. Portfolio turnover is shown for the period from 1-1-15 to 12-31-15.
14. Less than 0.005%.
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE AGGRESSIVE PORTFOLIO 31 |
Financial highlights continued |
Multimanager Lifestyle Growth Portfolio | ||||||||||||||
Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||
Income (loss) from | ||||||||||||||
investment operations | Less distributions | Ratios to average net assets | ||||||||||||
Net real- | ||||||||||||||
Net asset | ized and | Net | ||||||||||||
value, | Net | unrealized | Total from | Net asset | Expenses | Expenses | Net | assets, | ||||||
beginning | investment | gain (loss) | investment | From net | From net | Total | value, | Total | before | including | investment | end of | Portfolio | |
of period | income | on invest- | operations | investment | realized | distribu- | end of | return | reductions | reductions | income | period | turnover | |
Period ended | ($) | (loss) ($)1, 2 | ments ($) | ($) | income ($) | gain ($) | tions ($) | period ($) | (%)3, 4 | (%)5 | (%)5 | (loss) (%)2 | (in millions) | (%) |
Multimanager Lifestyle Growth Portfolio | ||||||||||||||
Class A | ||||||||||||||
6-30-20186 | 16.16 | 0.02 | 0.04 | 0.06 | — | — | — | 16.22 | 0.377 | 0.548 | 0.478 | 0.218 | 1,714 | 4 |
12-31-2017 | 14.77 | 0.19 | 2.59 | 2.78 | (0.20) | (1.19) | (1.39) | 16.16 | 18.84 | 0.54 | 0.48 | 1.17 | 1,719 | 24 |
12-31-2016 | 14.89 | 0.18 | 0.82 | 1.00 | (0.20) | (0.92) | (1.12) | 14.77 | 6.69 | 0.52 | 0.47 | 1.19 | 1,587 | 28 |
12-31-2015 | 16.35 | 0.19 | (0.41) | (0.22) | (0.19) | (1.05) | (1.24) | 14.89 | (1.45) | 0.51 | 0.47 | 1.17 | 1,611 | 15 |
12-31-2014 | 16.09 | 0.19 | 0.54 | 0.73 | (0.18) | (0.29) | (0.47) | 16.35 | 4.48 | 0.52 | 0.47 | 1.14 | 1,535 | 16 |
12-31-2013 | 13.53 | 0.17 | 2.78 | 2.95 | (0.17) | (0.22) | (0.39) | 16.09 | 21.81 | 0.53 | 0.52 | 1.13 | 1,274 | 20 |
Class B | ||||||||||||||
6-30-20186 | 16.20 | (0.04) | 0.05 | 0.01 | — | — | — | 16.21 | 0.067 | 1.248 | 1.178 | (0.51)8 | 36 | 4 |
12-31-2017 | 14.82 | 0.05 | 2.61 | 2.66 | (0.09) | (1.19) | (1.28) | 16.20 | 17.94 | 1.24 | 1.18 | 0.31 | 46 | 24 |
12-31-2016 | 14.94 | 0.06 | 0.82 | 0.88 | (0.08) | (0.92) | (1.00) | 14.82 | 5.92 | 1.22 | 1.19 | 0.37 | 57 | 28 |
12-31-2015 | 16.39 | 0.05 | (0.38) | (0.33) | (0.07) | (1.05) | (1.12) | 14.94 | (2.09) | 1.22 | 1.19 | 0.30 | 76 | 15 |
12-31-2014 | 16.14 | 0.04 | 0.56 | 0.60 | (0.06) | (0.29) | (0.35) | 16.39 | 3.65 | 1.23 | 1.21 | 0.23 | 100 | 16 |
12-31-2013 | 13.57 | 0.04 | 2.80 | 2.84 | (0.05) | (0.22) | (0.27) | 16.14 | 20.93 | 1.24 | 1.24 | 0.29 | 119 | 20 |
Class C | ||||||||||||||
6-30-20186 | 16.18 | (0.04) | 0.05 | 0.01 | — | — | — | 16.19 | 0.067 | 1.248 | 1.178 | (0.51)8 | 510 | 4 |
12-31-2017 | 14.80 | 0.06 | 2.60 | 2.66 | (0.09) | (1.19) | (1.28) | 16.18 | 17.97 | 1.24 | 1.18 | 0.40 | 629 | 24 |
12-31-2016 | 14.92 | 0.07 | 0.81 | 0.88 | (0.08) | (0.92) | (1.00) | 14.80 | 5.93 | 1.22 | 1.19 | 0.45 | 670 | 28 |
12-31-2015 | 16.37 | 0.07 | (0.40) | (0.33) | (0.07) | (1.05) | (1.12) | 14.92 | (2.09) | 1.21 | 1.19 | 0.42 | 730 | 15 |
12-31-2014 | 16.12 | 0.06 | 0.54 | 0.60 | (0.06) | (0.29) | (0.35) | 16.37 | 3.66 | 1.22 | 1.20 | 0.38 | 739 | 16 |
12-31-2013 | 13.56 | 0.06 | 2.77 | 2.83 | (0.05) | (0.22) | (0.27) | 16.12 | 20.88 | 1.23 | 1.23 | 0.39 | 646 | 20 |
Class I | ||||||||||||||
6-30-20186 | 16.07 | 0.04 | 0.04 | 0.08 | — | — | — | 16.15 | 0.507 | 0.258 | 0.188 | 0.508 | 37 | 4 |
12-31-2017 | 14.69 | 0.29 | 2.53 | 2.82 | (0.25) | (1.19) | (1.44) | 16.07 | 19.20 | 0.23 | 0.17 | 1.78 | 38 | 24 |
12-31-2016 | 14.82 | 0.34 | 0.69 | 1.03 | (0.24) | (0.92) | (1.16) | 14.69 | 6.97 | 0.21 | 0.17 | 2.27 | 16 | 28 |
12-31-20159 | 16.97 | 0.23 | (1.09) | (0.86) | (0.24) | (1.05) | (1.29) | 14.82 | (5.17)7 | 0.208 | 0.178 | 2.118 | 6 | 1510 |
Class R1 | ||||||||||||||
6-30-20186 | 16.23 | (0.01) | 0.04 | 0.03 | — | — | — | 16.26 | 0.187 | 0.898 | 0.828 | (0.14)8 | 17 | 4 |
12-31-2017 | 14.83 | 0.13 | 2.61 | 2.74 | (0.15) | (1.19) | (1.34) | 16.23 | 18.45 | 0.87 | 0.82 | 0.79 | 18 | 24 |
12-31-2016 | 14.96 | 0.13 | 0.80 | 0.93 | (0.14) | (0.92) | (1.06) | 14.83 | 6.24 | 0.85 | 0.81 | 0.83 | 18 | 28 |
12-31-2015 | 16.41 | 0.13 | (0.40) | (0.27) | (0.13) | (1.05) | (1.18) | 14.96 | (1.73) | 0.86 | 0.83 | 0.76 | 20 | 15 |
12-31-2014 | 16.15 | 0.10 | 0.56 | 0.66 | (0.11) | (0.29) | (0.40) | 16.41 | 4.04 | 0.89 | 0.87 | 0.62 | 22 | 16 |
12-31-2013 | 13.58 | 0.10 | 2.80 | 2.90 | (0.11) | (0.22) | (0.33) | 16.15 | 21.36 | 0.88 | 0.88 | 0.69 | 23 | 20 |
Class R2 | ||||||||||||||
6-30-20186 | 16.05 | 0.01 | 0.04 | 0.05 | — | — | — | 16.10 | 0.317 | 0.628 | 0.558 | 0.148 | 15 | 4 |
12-31-2017 | 14.68 | 0.14 | 2.61 | 2.75 | (0.19) | (1.19) | (1.38) | 16.05 | 18.71 | 0.64 | 0.58 | 0.86 | 13 | 24 |
12-31-2016 | 14.81 | 0.17 | 0.80 | 0.97 | (0.18) | (0.92) | (1.10) | 14.68 | 6.56 | 0.61 | 0.58 | 1.14 | 18 | 28 |
12-31-2015 | 16.27 | 0.18 | (0.42) | (0.24) | (0.17) | (1.05) | (1.22) | 14.81 | (1.55) | 0.62 | 0.59 | 1.09 | 15 | 15 |
12-31-2014 | 16.02 | 0.18 | 0.51 | 0.69 | (0.15) | (0.29) | (0.44) | 16.27 | 4.29 | 0.73 | 0.62 | 1.07 | 12 | 16 |
12-31-2013 | 13.47 | 0.26 | 2.66 | 2.92 | (0.15) | (0.22) | (0.37) | 16.02 | 21.67 | 0.9011 | 0.62 | 1.72 | 9 | 20 |
Class R3 | ||||||||||||||
6-30-20186 | 16.13 | —12 | 0.04 | 0.04 | — | — | — | 16.17 | 0.257 | 0.738 | 0.668 | 0.018 | 13 | 4 |
12-31-2017 | 14.75 | 0.17 | 2.57 | 2.74 | (0.17) | (1.19) | (1.36) | 16.13 | 18.54 | 0.78 | 0.73 | 1.05 | 14 | 24 |
12-31-2016 | 14.87 | 0.14 | 0.82 | 0.96 | (0.16) | (0.92) | (1.08) | 14.75 | 6.44 | 0.74 | 0.71 | 0.91 | 14 | 28 |
12-31-2015 | 16.33 | 0.12 | (0.38) | (0.26) | (0.15) | (1.05) | (1.20) | 14.87 | (1.70) | 0.77 | 0.74 | 0.71 | 18 | 15 |
12-31-2014 | 16.08 | 0.11 | 0.55 | 0.66 | (0.12) | (0.29) | (0.41) | 16.33 | 4.09 | 0.82 | 0.80 | 0.69 | 23 | 16 |
12-31-2013 | 13.52 | 0.12 | 2.78 | 2.90 | (0.12) | (0.22) | (0.34) | 16.08 | 21.45 | 0.79 | 0.79 | 0.79 | 24 | 20 |
Class R4 | ||||||||||||||
6-30-20186 | 16.14 | 0.03 | 0.04 | 0.07 | — | — | — | 16.21 | 0.437 | 0.508 | 0.338 | 0.348 | 9 | 4 |
12-31-2017 | 14.75 | 0.19 | 2.62 | 2.81 | (0.23) | (1.19) | (1.42) | 16.14 | 19.03 | 0.48 | 0.32 | 1.19 | 11 | 24 |
12-31-2016 | 14.87 | 0.18 | 0.84 | 1.02 | (0.22) | (0.92) | (1.14) | 14.75 | 6.85 | 0.46 | 0.33 | 1.18 | 15 | 28 |
12-31-2015 | 16.33 | 0.18 | (0.38) | (0.20) | (0.21) | (1.05) | (1.26) | 14.87 | (1.30) | 0.47 | 0.34 | 1.10 | 19 | 15 |
12-31-2014 | 16.08 | 0.21 | 0.52 | 0.73 | (0.19) | (0.29) | (0.48) | 16.33 | 4.49 | 0.51 | 0.39 | 1.26 | 29 | 16 |
12-31-2013 | 13.51 | 0.18 | 2.79 | 2.97 | (0.18) | (0.22) | (0.40) | 16.08 | 21.99 | 0.50 | 0.40 | 1.20 | 24 | 20 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE GROWTH PORTFOLIOS 32 |
Multimanager Lifestyle Growth Portfolio (continued) | ||||||||||||||
Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||
Income (loss) from in- | ||||||||||||||
vestment operations | Less distributions | Ratios to average net assets | ||||||||||||
Net real- | ||||||||||||||
Net asset | ized and | Net | ||||||||||||
value, | Net | unrealized | Total from | Net asset | Expenses | Expenses | Net | assets, | ||||||
beginning | investment | gain (loss) | investment | From net | From net | Total | value, | Total | before | including | investment | end of | Portfolio | |
of period | income | on invest- | operations | investment | realized | distribu- | end of | return | reductions | reductions | income | period | turnover | |
Period ended | ($) | (loss) ($)1,2 | ments ($) | ($) | income ($) | gain ($) | tions ($) | period ($) | (%)3,4 | (%)5 | (%)5 | (loss) (%)2 | (in millions) | (%) |
Class R5 | ||||||||||||||
6-30-20186 | 16.16 | 0.04 | 0.05 | 0.09 | — | — | — | 16.25 | 0.567 | 0.208 | 0.138 | 0.558 | 16 | 4 |
12-31-2017 | 14.77 | 0.24 | 2.60 | 2.84 | (0.26) | (1.19) | (1.45) | 16.16 | 19.22 | 0.18 | 0.13 | 1.46 | 22 | 24 |
12-31-2016 | 14.89 | 0.21 | 0.84 | 1.05 | (0.25) | (0.92) | (1.17) | 14.77 | 7.05 | 0.16 | 0.13 | 1.40 | 21 | 28 |
12-31-2015 | 16.35 | 0.22 | (0.38) | (0.16) | (0.25) | (1.05) | (1.30) | 14.89 | (1.10) | 0.16 | 0.14 | 1.34 | 28 | 15 |
12-31-2014 | 16.10 | 0.22 | 0.55 | 0.77 | (0.23) | (0.29) | (0.52) | 16.35 | 4.71 | 0.19 | 0.17 | 1.34 | 38 | 16 |
12-31-2013 | 13.52 | 0.21 | 2.80 | 3.01 | (0.21) | (0.22) | (0.43) | 16.10 | 22.29 | 0.18 | 0.18 | 1.40 | 37 | 20 |
Class R6 | ||||||||||||||
6-30-20186 | 16.08 | 0.05 | 0.04 | 0.09 | — | — | — | 16.17 | 0.567 | 0.158 | 0.088 | 0.618 | 87 | 4 |
12-31-2017 | 14.70 | 0.33 | 2.51 | 2.84 | (0.27) | (1.19) | (1.46) | 16.08 | 19.30 | 0.14 | 0.08 | 2.00 | 78 | 24 |
12-31-2016 | 14.82 | 0.23 | 0.83 | 1.06 | (0.26) | (0.92) | (1.18) | 14.70 | 7.16 | 0.11 | 0.06 | 1.56 | 41 | 28 |
12-31-2015 | 16.28 | 0.27 | (0.42) | (0.15) | (0.26) | (1.05) | (1.31) | 14.82 | (1.04) | 0.11 | 0.06 | 1.63 | 47 | 15 |
12-31-2014 | 16.03 | 0.30 | 0.49 | 0.79 | (0.25) | (0.29) | (0.54) | 16.28 | 4.86 | 0.17 | 0.06 | 1.81 | 37 | 16 |
12-31-2013 | 13.47 | 0.29 | 2.71 | 3.00 | (0.22) | (0.22) | (0.44) | 16.03 | 22.31 | 0.19 | 0.11 | 1.95 | 19 | 20 |
Class 1 | ||||||||||||||
6-30-20186 | 16.08 | 0.05 | 0.04 | 0.09 | — | — | — | 16.17 | 0.567 | 0.198 | 0.128 | 0.568 | 9,377 | 4 |
12-31-2017 | 14.70 | 0.24 | 2.59 | 2.83 | (0.26) | (1.19) | (1.45) | 16.08 | 19.26 | 0.17 | 0.12 | 1.50 | 9,997 | 24 |
12-31-2016 | 14.83 | 0.23 | 0.81 | 1.04 | (0.25) | (0.92) | (1.17) | 14.70 | 7.03 | 0.15 | 0.11 | 1.55 | 9,850 | 28 |
12-31-2015 | 16.28 | 0.24 | (0.39) | (0.15) | (0.25) | (1.05) | (1.30) | 14.83 | (1.02) | 0.13 | 0.11 | 1.46 | 10,420 | 15 |
12-31-2014 | 16.03 | 0.23 | 0.55 | 0.78 | (0.24) | (0.29) | (0.53) | 16.28 | 4.80 | 0.13 | 0.11 | 1.41 | 11,576 | 16 |
12-31-2013 | 13.47 | 0.22 | 2.78 | 3.00 | (0.22) | (0.22) | (0.44) | 16.03 | 22.31 | 0.11 | 0.11 | 1.45 | 11,766 | 20 |
Class 5 | ||||||||||||||
6-30-20186 | 16.06 | 0.05 | 0.04 | 0.09 | — | — | — | 16.15 | 0.567 | 0.148 | 0.078 | 0.628 | 320 | 4 |
12-31-2017 | 14.68 | 0.26 | 2.58 | 2.84 | (0.27) | (1.19) | (1.46) | 16.06 | 19.34 | 0.12 | 0.07 | 1.63 | 314 | 24 |
12-31-2016 | 14.81 | 0.25 | 0.80 | 1.05 | (0.26) | (0.92) | (1.18) | 14.68 | 7.09 | 0.10 | 0.06 | 1.65 | 259 | 28 |
12-31-2015 | 16.26 | 0.26 | (0.40) | (0.14) | (0.26) | (1.05) | (1.31) | 14.81 | (0.98) | 0.08 | 0.06 | 1.57 | 243 | 15 |
12-31-2014 | 16.01 | 0.25 | 0.54 | 0.79 | (0.25) | (0.29) | (0.54) | 16.26 | 4.86 | 0.08 | 0.06 | 1.53 | 233 | 16 |
12-31-2013 | 13.46 | 0.24 | 2.76 | 3.00 | (0.23) | (0.22) | (0.45) | 16.01 | 22.31 | 0.06 | 0.06 | 1.60 | 201 | 20 |
2. Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3. Does not reflect the effect of sales charges, if any.
4. Total returns would have been lower had certain expenses not been reduced during the applicable periods.
5. Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. The range of expense ratios of the underlying funds held by the portfolio was as follows: 0.38%-1.56%, 0.38%-3.43%, 0.60%-3.77%, 0.57%-2.99%, 0.55%-2.85%, and 0.63%-3.11% for the periods ended 6-30-18, 12-31-17, 12-31-16, 12-31-15, 12-31-14 and 12-31-13, respectively.
6. Six months ended 6-30-18. Unaudited.
7. Not annualized.
8. Annualized.
9. The inception date for Class I shares is 5-1-15.
10. Portfolio turnover is shown for the period from 1-1-15 to 12-31-15.
11. Includes the impact of expense recapture which amounted to 0.01% of average net assets for Class R2 shares.
12. Less than $0.005 per share.
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE GROWTH PORTFOLIO 33 |
Financial highlights continued |
Multimanager Lifestyle Balanced Portfolio | ||||||||||||||
Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||
Income (loss) from in- | ||||||||||||||
vestment operations | Less distributions | Ratios to average net assets | ||||||||||||
Net real- | ||||||||||||||
Net asset | ized and | Net | ||||||||||||
value, | Net | unrealized | Total from | Net asset | Expenses | Expenses | Net | assets, | ||||||
beginning | investment | gain (loss) | investment | From net | From net | Total | value, | Total | before | including | investment | end of | Portfolio | |
of period | income | on invest- | operations | investment | realized | distribu- | end of | return | reductions | reductions | income | period | turnover | |
Period ended | ($) | (loss) ($)1,2 | ments ($) | ($) | income ($) | gain ($) | tions ($) | period ($) | (%)3,4 | (%)5 | (%)5 | (loss) (%)2 | (in millions) | (%) |
Multimanager Lifestyle Balanced Portfolio | ||||||||||||||
Class A | ||||||||||||||
6-30-20186 | 15.29 | 0.06 | (0.08) | (0.02) | (0.06) | — | (0.06) | 15.21 | (0.13)7 | 0.558 | 0.488 | 0.818 | 1,815 | 4 |
12-31-2017 | 14.32 | 0.24 | 1.88 | 2.12 | (0.25) | (0.90) | (1.15) | 15.29 | 14.79 | 0.54 | 0.48 | 1.57 | 1,841 | 27 |
12-31-2016 | 14.31 | 0.24 | 0.72 | 0.96 | (0.25) | (0.70) | (0.95) | 14.32 | 6.73 | 0.52 | 0.47 | 1.64 | 1,782 | 23 |
12-31-2015 | 15.55 | 0.27 | (0.50) | (0.23) | (0.26) | (0.75) | (1.01) | 14.31 | (1.54) | 0.51 | 0.47 | 1.69 | 1,843 | 13 |
12-31-2014 | 15.36 | 0.28 | 0.34 | 0.62 | (0.27) | (0.16) | (0.43) | 15.55 | 4.00 | 0.52 | 0.47 | 1.77 | 1,786 | 15 |
12-31-2013 | 13.61 | 0.25 | 1.89 | 2.14 | (0.24) | (0.15) | (0.39) | 15.36 | 15.76 | 0.53 | 0.51 | 1.69 | 1,461 | 19 |
Class B | ||||||||||||||
6-30-20186 | 15.28 | 0.01 | (0.08) | (0.07) | (0.01) | — | (0.01) | 15.20 | (0.45)7 | 1.258 | 1.188 | 0.088 | 37 | 4 |
12-31-2017 | 14.32 | 0.12 | 1.88 | 2.00 | (0.14) | (0.90) | (1.04) | 15.28 | 13.93 | 1.24 | 1.19 | 0.75 | 47 | 27 |
12-31-2016 | 14.31 | 0.12 | 0.74 | 0.86 | (0.15) | (0.70) | (0.85) | 14.32 | 5.99 | 1.22 | 1.19 | 0.83 | 59 | 23 |
12-31-2015 | 15.54 | 0.13 | (0.46) | (0.33) | (0.15) | (0.75) | (0.90) | 14.31 | (2.20) | 1.22 | 1.19 | 0.85 | 78 | 13 |
12-31-2014 | 15.35 | 0.13 | 0.37 | 0.50 | (0.15) | (0.16) | (0.31) | 15.54 | 3.21 | 1.24 | 1.22 | 0.85 | 98 | 15 |
12-31-2013 | 13.61 | 0.12 | 1.90 | 2.02 | (0.13) | (0.15) | (0.28) | 15.35 | 14.84 | 1.28 | 1.28 | 0.81 | 116 | 19 |
Class C | ||||||||||||||
6-30-20186 | 15.30 | 0.01 | (0.09) | (0.08) | (0.01) | — | (0.01) | 15.21 | (0.52)7 | 1.258 | 1.188 | 0.088 | 591 | 4 |
12-31-2017 | 14.33 | 0.13 | 1.88 | 2.01 | (0.14) | (0.90) | (1.04) | 15.30 | 13.99 | 1.24 | 1.19 | 0.81 | 718 | 27 |
12-31-2016 | 14.32 | 0.13 | 0.73 | 0.86 | (0.15) | (0.70) | (0.85) | 14.33 | 5.99 | 1.22 | 1.19 | 0.90 | 792 | 23 |
12-31-2015 | 15.55 | 0.15 | (0.48) | (0.33) | (0.15) | (0.75) | (0.90) | 14.32 | (2.19) | 1.21 | 1.19 | 0.95 | 876 | 13 |
12-31-2014 | 15.37 | 0.16 | 0.33 | 0.49 | (0.15) | (0.16) | (0.31) | 15.55 | 3.18 | 1.22 | 1.20 | 1.00 | 892 | 15 |
12-31-2013 | 13.62 | 0.14 | 1.89 | 2.03 | (0.13) | (0.15) | (0.28) | 15.37 | 14.93 | 1.23 | 1.23 | 0.96 | 767 | 19 |
Class I | ||||||||||||||
6-30-20186 | 15.20 | 0.08 | (0.08) | — | (0.08) | — | (0.08) | 15.12 | 0.017 | 0.258 | 0.198 | 1.118 | 46 | 4 |
12-31-2017 | 14.24 | 0.35 | 1.80 | 2.15 | (0.29) | (0.90) | (1.19) | 15.20 | 15.15 | 0.23 | 0.18 | 2.25 | 45 | 27 |
12-31-2016 | 14.24 | 0.35 | 0.65 | 1.00 | (0.30) | (0.70) | (1.00) | 14.24 | 7.01 | 0.21 | 0.17 | 2.42 | 17 | 23 |
12-31-20159 | 16.00 | 0.34 | (1.08) | (0.74) | (0.27) | (0.75) | (1.02) | 14.24 | (4.70)7 | 0.208 | 0.178 | 3.268 | 6 | 1310 |
Class R1 | ||||||||||||||
6-30-20186 | 15.22 | 0.04 | (0.09) | (0.05) | (0.03) | — | (0.03) | 15.14 | (0.31)7 | 0.898 | 0.828 | 0.478 | 16 | 4 |
12-31-2017 | 14.26 | 0.19 | 1.86 | 2.05 | (0.19) | (0.90) | (1.09) | 15.22 | 14.39 | 0.88 | 0.83 | 1.21 | 17 | 27 |
12-31-2016 | 14.25 | 0.19 | 0.72 | 0.91 | (0.20) | (0.70) | (0.90) | 14.26 | 6.39 | 0.86 | 0.83 | 1.28 | 16 | 23 |
12-31-2015 | 15.48 | 0.20 | (0.48) | (0.28) | (0.20) | (0.75) | (0.95) | 14.25 | (1.86) | 0.86 | 0.84 | 1.27 | 17 | 13 |
12-31-2014 | 15.30 | 0.19 | 0.35 | 0.54 | (0.20) | (0.16) | (0.36) | 15.48 | 3.52 | 0.92 | 0.91 | 1.22 | 20 | 15 |
12-31-2013 | 13.57 | 0.18 | 1.88 | 2.06 | (0.18) | (0.15) | (0.33) | 15.30 | 15.23 | 0.90 | 0.90 | 1.21 | 19 | 19 |
Class R2 | ||||||||||||||
6-30-20186 | 15.20 | 0.05 | (0.08) | (0.03) | (0.05) | — | (0.05) | 15.12 | (0.18)7 | 0.658 | 0.588 | 0.728 | 15 | 4 |
12-31-2017 | 14.25 | 0.22 | 1.86 | 2.08 | (0.23) | (0.90) | (1.13) | 15.20 | 14.61 | 0.64 | 0.58 | 1.45 | 14 | 27 |
12-31-2016 | 14.24 | 0.23 | 0.72 | 0.95 | (0.24) | (0.70) | (0.94) | 14.25 | 6.66 | 0.61 | 0.58 | 1.57 | 16 | 23 |
12-31-2015 | 15.48 | 0.25 | (0.50) | (0.25) | (0.24) | (0.75) | (0.99) | 14.24 | (1.66) | 0.63 | 0.59 | 1.58 | 14 | 13 |
12-31-2014 | 15.29 | 0.29 | 0.30 | 0.59 | (0.24) | (0.16) | (0.40) | 15.48 | 3.87 | 0.79 | 0.62 | 1.86 | 10 | 15 |
12-31-2013 | 13.56 | 0.34 | 1.76 | 2.10 | (0.22) | (0.15) | (0.37) | 15.29 | 15.59 | 1.0911 | 0.62 | 2.30 | 5 | 19 |
Class R3 | ||||||||||||||
6-30-20186 | 15.25 | 0.04 | (0.08) | (0.04) | (0.04) | — | (0.04) | 15.17 | (0.25)7 | 0.778 | 0.718 | 0.598 | 18 | 4 |
12-31-2017 | 14.29 | 0.20 | 1.87 | 2.07 | (0.21) | (0.90) | (1.11) | 15.25 | 14.47 | 0.78 | 0.73 | 1.31 | 18 | 27 |
12-31-2016 | 14.28 | 0.20 | 0.72 | 0.92 | (0.21) | (0.70) | (0.91) | 14.29 | 6.48 | 0.75 | 0.72 | 1.38 | 22 | 23 |
12-31-2015 | 15.51 | 0.20 | (0.46) | (0.26) | (0.22) | (0.75) | (0.97) | 14.28 | (1.75) | 0.76 | 0.74 | 1.30 | 24 | 13 |
12-31-2014 | 15.33 | 0.20 | 0.36 | 0.56 | (0.22) | (0.16) | (0.38) | 15.51 | 3.64 | 0.80 | 0.78 | 1.27 | 30 | 15 |
12-31-2013 | 13.59 | 0.19 | 1.90 | 2.09 | (0.20) | (0.15) | (0.35) | 15.33 | 15.43 | 0.77 | 0.77 | 1.31 | 35 | 19 |
Class R4 | ||||||||||||||
6-30-20186 | 15.26 | 0.07 | (0.08) | (0.01) | (0.07) | — | (0.07) | 15.18 | (0.06)7 | 0.518 | 0.348 | 0.948 | 12 | 4 |
12-31-2017 | 14.29 | 0.23 | 1.91 | 2.14 | (0.27) | (0.90) | (1.17) | 15.26 | 14.99 | 0.48 | 0.33 | 1.49 | 13 | 27 |
12-31-2016 | 14.28 | 0.24 | 0.74 | 0.98 | (0.27) | (0.70) | (0.97) | 14.29 | 6.90 | 0.46 | 0.33 | 1.68 | 21 | 23 |
12-31-2015 | 15.52 | 0.25 | (0.46) | (0.21) | (0.28) | (0.75) | (1.03) | 14.28 | (1.42) | 0.47 | 0.34 | 1.57 | 24 | 13 |
12-31-2014 | 15.33 | 0.28 | 0.35 | 0.63 | (0.28) | (0.16) | (0.44) | 15.52 | 4.12 | 0.49 | 0.37 | 1.78 | 40 | 15 |
12-31-2013 | 13.59 | 0.26 | 1.89 | 2.15 | (0.26) | (0.15) | (0.41) | 15.33 | 15.90 | 0.46 | 0.35 | 1.76 | 77 | 19 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE BALANCED PORTFOLIO 34 |
Multimanager Lifestyle Balanced Portfolio (continued) | ||||||||||||||
Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||
Income (loss) from in- | ||||||||||||||
vestment operations | Less distributions | Ratios to average net assets | ||||||||||||
Net real- | ||||||||||||||
Net asset | ized and | Net | ||||||||||||
value, | Net | unrealized | Total from | Net asset | Expenses | Expenses | Net | assets, | ||||||
beginning | investment | gain (loss) | investment | From net | From net | Total | value, | Total | before | including | investment | end of | Portfolio | |
of period | income | on invest- | operations | investment | realized | distribu- | end of | return | reductions | reductions | income | period | turnover | |
Period ended | ($) | (loss) ($)1,2 | ments ($) | ($) | income ($) | gain ($) | tions ($) | period ($) | (%)3,4 | (%)5 | (%)5 | (loss) (%)2 | (in millions) | (%) |
Class R5 | ||||||||||||||
6-30-20186 | 15.28 | 0.09 | (0.08) | 0.01 | (0.09) | — | (0.09) | 15.20 | 0.047 | 0.208 | 0.148 | 1.158 | 17 | 4 |
12-31-2017 | 14.31 | 0.30 | 1.87 | 2.17 | (0.30) | (0.90) | (1.20) | 15.28 | 15.19 | 0.19 | 0.14 | 1.95 | 19 | 27 |
12-31-2016 | 14.30 | 0.27 | 0.74 | 1.01 | (0.30) | (0.70) | (1.00) | 14.31 | 7.10 | 0.16 | 0.13 | 1.86 | 17 | 23 |
12-31-2015 | 15.53 | 0.30 | (0.47) | (0.17) | (0.31) | (0.75) | (1.06) | 14.30 | (1.16) | 0.16 | 0.14 | 1.88 | 29 | 13 |
12-31-2014 | 15.35 | 0.31 | 0.34 | 0.65 | (0.31) | (0.16) | (0.47) | 15.53 | 4.25 | 0.19 | 0.17 | 1.96 | 41 | 15 |
12-31-2013 | 13.60 | 0.28 | 1.91 | 2.19 | (0.29) | (0.15) | (0.44) | 15.35 | 16.20 | 0.17 | 0.17 | 1.93 | 41 | 19 |
Class R6 | ||||||||||||||
6-30-20186 | 15.20 | 0.09 | (0.09) | — | (0.09) | — | (0.09) | 15.11 | 0.007 | 0.158 | 0.098 | 1.218 | 78 | 4 |
12-31-2017 | 14.24 | 0.35 | 1.82 | 2.17 | (0.31) | (0.90) | (1.21) | 15.20 | 15.27 | 0.14 | 0.08 | 2.29 | 73 | 27 |
12-31-2016 | 14.24 | 0.28 | 0.73 | 1.01 | (0.31) | (0.70) | (1.01) | 14.24 | 7.13 | 0.11 | 0.06 | 1.92 | 44 | 23 |
12-31-2015 | 15.47 | 0.35 | (0.51) | (0.16) | (0.32) | (0.75) | (1.07) | 14.24 | (1.08) | 0.11 | 0.06 | 2.27 | 66 | 13 |
12-31-2014 | 15.29 | 0.36 | 0.31 | 0.67 | (0.33) | (0.16) | (0.49) | 15.47 | 4.38 | 0.16 | 0.06 | 2.29 | 39 | 15 |
12-31-2013 | 13.55 | 0.36 | 1.83 | 2.19 | (0.30) | (0.15) | (0.45) | 15.29 | 16.26 | 0.17 | 0.11 | 2.49 | 21 | 19 |
Class 1 | ||||||||||||||
6-30-20186 | 15.19 | 0.09 | (0.08) | 0.01 | (0.09) | — | (0.09) | 15.11 | 0.057 | 0.198 | 0.138 | 1.168 | 9,129 | 4 |
12-31-2017 | 14.24 | 0.29 | 1.86 | 2.15 | (0.30) | (0.90) | (1.20) | 15.19 | 15.14 | 0.17 | 0.12 | 1.90 | 9,797 | 27 |
12-31-2016 | 14.23 | 0.29 | 0.72 | 1.01 | (0.30) | (0.70) | (1.00) | 14.24 | 7.16 | 0.14 | 0.11 | 2.00 | 10,041 | 23 |
12-31-2015 | 15.46 | 0.31 | (0.47) | (0.16) | (0.32) | (0.75) | (1.07) | 14.23 | (1.13) | 0.13 | 0.11 | 1.99 | 10,678 | 13 |
12-31-2014 | 15.28 | 0.32 | 0.34 | 0.66 | (0.32) | (0.16) | (0.48) | 15.46 | 4.33 | 0.13 | 0.11 | 2.02 | 12,041 | 15 |
12-31-2013 | 13.55 | 0.29 | 1.89 | 2.18 | (0.30) | (0.15) | (0.45) | 15.28 | 16.18 | 0.11 | 0.11 | 2.00 | 12,284 | 19 |
Class 5 | ||||||||||||||
6-30-20186 | 15.20 | 0.09 | (0.08) | 0.01 | (0.09) | — | (0.09) | 15.12 | 0.077 | 0.148 | 0.088 | 1.228 | 163 | 4 |
12-31-2017 | 14.24 | 0.31 | 1.86 | 2.17 | (0.31) | (0.90) | (1.21) | 15.20 | 15.27 | 0.12 | 0.07 | 2.00 | 165 | 27 |
12-31-2016 | 14.24 | 0.30 | 0.71 | 1.01 | (0.31) | (0.70) | (1.01) | 14.24 | 7.13 | 0.09 | 0.06 | 2.10 | 150 | 23 |
12-31-2015 | 15.47 | 0.33 | (0.49) | (0.16) | (0.32) | (0.75) | (1.07) | 14.24 | (1.07) | 0.08 | 0.06 | 2.09 | 141 | 13 |
12-31-2014 | 15.29 | 0.34 | 0.33 | 0.67 | (0.33) | (0.16) | (0.49) | 15.47 | 4.38 | 0.08 | 0.06 | 2.14 | 139 | 15 |
12-31-2013 | 13.55 | 0.31 | 1.89 | 2.20 | (0.31) | (0.15) | (0.46) | 15.29 | 16.31 | 0.06 | 0.06 | 2.15 | 118 | 19 |
2. Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3. Does not reflect the effect of sales charges, if any.
4. Total returns would have been lower had certain expenses not been reduced during the applicable periods.
5. Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. The range of expense ratios of the underlying funds held by the portfolio was as follows: 0.38%-1.56%, 0.38%-3.43%, 0.60%-3.77%, 0.57%-2.99%, 0.55%- 2.85%, and 0.62%-3.11% for the periods ended 6-30-18, 12-31-17, 12-31-16, 12-31-15, 12-31-14 and 12-31-13, respectively.
6. Six months ended 6-30-18. Unaudited.
7. Not annualized.
8. Annualized.
9. The inception date for Class I shares is 5-1-15.
10. Portfolio turnover is shown for the period from 1-1-15 to 12-31-15.
11. Includes the impact of expense recapture which amounted to 0.005% of average net assets for Class R2 shares.
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE BALANCED PORTFOLIO 35 |
Financial highlights continued |
Multimanager Lifestyle Moderate Portfolio | ||||||||||||||
Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||
Income (loss) from in- | ||||||||||||||
vestment operations | Less distributions | Ratios to average net assets | ||||||||||||
Net real- | ||||||||||||||
Net asset | ized and | Net | ||||||||||||
value, | Net | unrealized | Total from | Net asset | Expenses | Expenses | Net | assets, | ||||||
beginning | investment | gain (loss) | investment | From net | From net | Total | value, | Total | before | including | investment | end of | Portfolio | |
of period | income | on invest- | operations | investment | realized | distribu- | end of | return | reductions | reductions | income | period | turnover | |
Period ended | ($) | (loss) ($)1, 2 | ments ($) | ($) | income ($) | gain ($) | tions ($) | period ($) | (%)3, 4 | (%)5 | (%)5 | (loss) (%)2 | (in millions) | (%) |
Multimanager Lifestyle Moderate Portfolio | ||||||||||||||
Class A | ||||||||||||||
6-30-20186 | 13.83 | 0.09 | (0.22) | (0.13) | (0.09) | — | (0.09) | 13.61 | (0.97)7 | 0.558 | 0.498 | 1.278 | 670 | 4 |
12-31-2017 | 13.30 | 0.27 | 1.14 | 1.41 | (0.27) | (0.61) | (0.88) | 13.83 | 10.64 | 0.55 | 0.49 | 1.90 | 693 | 28 |
12-31-2016 | 13.13 | 0.28 | 0.57 | 0.85 | (0.29) | (0.39) | (0.68) | 13.30 | 6.52 | 0.51 | 0.48 | 2.06 | 680 | 25 |
12-31-2015 | 14.11 | 0.31 | (0.54) | (0.23) | (0.31) | (0.44) | (0.75) | 13.13 | (1.67) | 0.51 | 0.47 | 2.21 | 680 | 11 |
12-31-2014 | 14.29 | 0.35 | 0.17 | 0.52 | (0.33) | (0.37) | (0.70) | 14.11 | 3.63 | 0.52 | 0.47 | 2.36 | 662 | 14 |
12-31-2013 | 13.35 | 0.31 | 1.02 | 1.33 | (0.30) | (0.09) | (0.39) | 14.29 | 10.05 | 0.53 | 0.52 | 2.22 | 551 | 17 |
Class B | ||||||||||||||
6-30-20186 | 13.82 | 0.04 | (0.22) | (0.18) | (0.04) | — | (0.04) | 13.60 | (1.33)7 | 1.258 | 1.198 | 0.538 | 16 | 4 |
12-31-2017 | 13.28 | 0.15 | 1.17 | 1.32 | (0.17) | (0.61) | (0.78) | 13.82 | 9.96 | 1.25 | 1.20 | 1.08 | 20 | 28 |
12-31-2016 | 13.13 | 0.17 | 0.56 | 0.73 | (0.19) | (0.39) | (0.58) | 13.28 | 5.61 | 1.21 | 1.19 | 1.27 | 25 | 25 |
12-31-2015 | 14.10 | 0.19 | (0.51) | (0.32) | (0.21) | (0.44) | (0.65) | 13.13 | (2.33) | 1.22 | 1.20 | 1.36 | 30 | 11 |
12-31-2014 | 14.28 | 0.21 | 0.20 | 0.41 | (0.22) | (0.37) | (0.59) | 14.10 | 2.84 | 1.25 | 1.24 | 1.43 | 39 | 14 |
12-31-2013 | 13.34 | 0.19 | 1.04 | 1.23 | (0.20) | (0.09) | (0.29) | 14.28 | 9.23 | 1.26 | 1.25 | 1.36 | 45 | 17 |
Class C | ||||||||||||||
6-30-20186 | 13.83 | 0.04 | (0.21) | (0.17) | (0.04) | — | (0.04) | 13.62 | (1.25)7 | 1.258 | 1.198 | 0.538 | 247 | 4 |
12-31-2017 | 13.30 | 0.16 | 1.15 | 1.31 | (0.17) | (0.61) | (0.78) | 13.83 | 9.87 | 1.25 | 1.20 | 1.12 | 299 | 28 |
12-31-2016 | 13.14 | 0.17 | 0.57 | 0.74 | (0.19) | (0.39) | (0.58) | 13.30 | 5.69 | 1.21 | 1.19 | 1.30 | 354 | 25 |
12-31-2015 | 14.11 | 0.21 | (0.53) | (0.32) | (0.21) | (0.44) | (0.65) | 13.14 | (2.32) | 1.21 | 1.19 | 1.46 | 392 | 11 |
12-31-2014 | 14.30 | 0.23 | 0.17 | 0.40 | (0.22) | (0.37) | (0.59) | 14.11 | 2.79 | 1.22 | 1.21 | 1.59 | 411 | 14 |
12-31-2013 | 13.35 | 0.20 | 1.04 | 1.24 | (0.20) | (0.09) | (0.29) | 14.30 | 9.34 | 1.23 | 1.23 | 1.47 | 366 | 17 |
Class I | ||||||||||||||
6-30-20186 | 13.78 | 0.11 | (0.22) | (0.11) | (0.11) | — | (0.11) | 13.56 | (0.83)7 | 0.268 | 0.208 | 1.578 | 12 | 4 |
12-31-2017 | 13.25 | 0.35 | 1.10 | 1.45 | (0.31) | (0.61) | (0.92) | 13.78 | 11.01 | 0.24 | 0.19 | 2.54 | 14 | 28 |
12-31-2016 | 13.09 | 0.37 | 0.51 | 0.88 | (0.33) | (0.39) | (0.72) | 13.25 | 6.78 | 0.20 | 0.18 | 2.77 | 5 | 25 |
12-31-20159 | 14.42 | 0.33 | (0.92) | (0.59) | (0.30) | (0.44) | (0.74) | 13.09 | (4.13)7 | 0.198 | 0.178 | 3.558 | 2 | 1110 |
Class R1 | ||||||||||||||
6-30-20186 | 13.81 | 0.06 | (0.22) | (0.16) | (0.06) | — | (0.06) | 13.59 | (1.15)7 | 0.888 | 0.828 | 0.948 | 6 | 4 |
12-31-2017 | 13.27 | 0.21 | 1.16 | 1.37 | (0.22) | (0.61) | (0.83) | 13.81 | 10.38 | 0.87 | 0.83 | 1.52 | 6 | 28 |
12-31-2016 | 13.12 | 0.22 | 0.57 | 0.79 | (0.25) | (0.39) | (0.64) | 13.27 | 6.03 | 0.84 | 0.82 | 1.67 | 7 | 25 |
12-31-2015 | 14.09 | 0.25 | (0.53) | (0.28) | (0.25) | (0.44) | (0.69) | 13.12 | (1.99) | 0.87 | 0.85 | 1.77 | 8 | 11 |
12-31-2014 | 14.28 | 0.24 | 0.20 | 0.44 | (0.26) | (0.37) | (0.63) | 14.09 | 3.07 | 1.01 | 1.00 | 1.65 | 8 | 14 |
12-31-2013 | 13.35 | 0.23 | 1.04 | 1.27 | (0.25) | (0.09) | (0.34) | 14.28 | 9.55 | 0.94 | 0.94 | 1.68 | 10 | 17 |
Class R2 | ||||||||||||||
6-30-20186 | 13.78 | 0.08 | (0.22) | (0.14) | (0.08) | — | (0.08) | 13.56 | (1.03)7 | 0.678 | 0.618 | 1.168 | 5 | 4 |
12-31-2017 | 13.25 | 0.22 | 1.18 | 1.40 | (0.26) | (0.61) | (0.87) | 13.78 | 10.57 | 0.64 | 0.59 | 1.60 | 4 | 28 |
12-31-2016 | 13.09 | 0.26 | 0.57 | 0.83 | (0.28) | (0.39) | (0.67) | 13.25 | 6.35 | 0.60 | 0.58 | 1.98 | 7 | 25 |
12-31-2015 | 14.06 | 0.30 | (0.54) | (0.24) | (0.29) | (0.44) | (0.73) | 13.09 | (1.72) | 0.64 | 0.60 | 2.12 | 6 | 11 |
12-31-2014 | 14.25 | 0.36 | 0.13 | 0.49 | (0.31) | (0.37) | (0.68) | 14.06 | 3.41 | 1.02 | 0.62 | 2.50 | 4 | 14 |
12-31-2013 | 13.32 | 0.39 | 0.92 | 1.31 | (0.29) | (0.09) | (0.38) | 14.25 | 9.92 | 1.6811 | 0.62 | 2.82 | 2 | 17 |
Class R3 | ||||||||||||||
6-30-20186 | 13.80 | 0.07 | (0.22) | (0.15) | (0.07) | — | (0.07) | 13.58 | (1.10)7 | 0.778 | 0.718 | 1.028 | 6 | 4 |
12-31-2017 | 13.27 | 0.24 | 1.14 | 1.38 | (0.24) | (0.61) | (0.85) | 13.80 | 10.39 | 0.78 | 0.74 | 1.70 | 7 | 28 |
12-31-2016 | 13.11 | 0.24 | 0.57 | 0.81 | (0.26) | (0.39) | (0.65) | 13.27 | 6.18 | 0.74 | 0.72 | 1.78 | 8 | 25 |
12-31-2015 | 14.08 | 0.26 | (0.52) | (0.26) | (0.27) | (0.44) | (0.71) | 13.11 | (1.89) | 0.78 | 0.76 | 1.82 | 8 | 11 |
12-31-2014 | 14.27 | 0.27 | 0.19 | 0.46 | (0.28) | (0.37) | (0.65) | 14.08 | 3.16 | 0.89 | 0.87 | 1.82 | 10 | 14 |
12-31-2013 | 13.33 | 0.25 | 1.04 | 1.29 | (0.26) | (0.09) | (0.35) | 14.27 | 9.70 | 0.84 | 0.84 | 1.82 | 11 | 17 |
Class R4 | ||||||||||||||
6-30-20186 | 13.78 | 0.10 | (0.22) | (0.12) | (0.10) | — | (0.10) | 13.56 | (0.91)7 | 0.528 | 0.368 | 1.418 | 5 | 4 |
12-31-2017 | 13.24 | 0.25 | 1.19 | 1.44 | (0.29) | (0.61) | (0.90) | 13.78 | 10.93 | 0.49 | 0.34 | 1.78 | 5 | 28 |
12-31-2016 | 13.09 | 0.28 | 0.57 | 0.85 | (0.31) | (0.39) | (0.70) | 13.24 | 6.53 | 0.45 | 0.34 | 2.07 | 8 | 25 |
12-31-2015 | 14.06 | 0.30 | (0.51) | (0.21) | (0.32) | (0.44) | (0.76) | 13.09 | (1.50) | 0.48 | 0.36 | 2.15 | 10 | 11 |
12-31-2014 | 14.25 | 0.34 | 0.18 | 0.52 | (0.34) | (0.37) | (0.71) | 14.06 | 3.60 | 0.57 | 0.45 | 2.36 | 14 | 14 |
12-31-2013 | 13.31 | 0.31 | 1.03 | 1.34 | (0.31) | (0.09) | (0.40) | 14.25 | 10.17 | 0.55 | 0.44 | 2.19 | 13 | 17 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE MODERATE PORTFOLIO 36 |
Multimanager Lifestyle Moderate Portfolio (continued) | ||||||||||||||
Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||
Income (loss) from in- | ||||||||||||||
vestment operations | Less distributions | Ratios to average net assets | ||||||||||||
Net real- | ||||||||||||||
Net asset | ized and | Net | ||||||||||||
value, | Net | unrealized | Total from | Net asset | Expenses | Expenses | Net | assets, | ||||||
beginning | investment | gain (loss) | investment | From net | From net | Total | value, | Total | before | including | investment | end of | Portfolio | |
of period | income | on invest- | operations | investment | realized | distribu- | end of | return | reductions | reductions | income | period | turnover | |
Period ended | ($) | (loss) ($)1, 2 | ments ($) | ($) | income ($) | gain ($) | tions ($) | period ($) | (%)3, 4 | (%)5 | (%)5 | (loss) (%)2 | (in millions) | (%) |
Class R5 | ||||||||||||||
6-30-20186 | 13.79 | 0.11 | (0.22) | (0.11) | (0.11) | — | (0.11) | 13.57 | (0.81)7 | 0.218 | 0.158 | 1.608 | 8 | 4 |
12-31-2017 | 13.26 | 0.32 | 1.14 | 1.46 | (0.32) | (0.61) | (0.93) | 13.79 | 11.05 | 0.19 | 0.14 | 2.26 | 10 | 28 |
12-31-2016 | 13.10 | 0.31 | 0.58 | 0.89 | (0.34) | (0.39) | (0.73) | 13.26 | 6.82 | 0.15 | 0.13 | 2.31 | 9 | 25 |
12-31-2015 | 14.07 | 0.35 | (0.53) | (0.18) | (0.35) | (0.44) | (0.79) | 13.10 | (1.29) | 0.18 | 0.16 | 2.47 | 11 | 11 |
12-31-2014 | 14.26 | 0.36 | 0.18 | 0.54 | (0.36) | (0.37) | (0.73) | 14.07 | 3.78 | 0.27 | 0.26 | 2.45 | 12 | 14 |
12-31-2013 | 13.32 | 0.35 | 1.02 | 1.37 | (0.34) | (0.09) | (0.43) | 14.26 | 10.39 | 0.25 | 0.25 | 2.53 | 13 | 17 |
Class R6 | ||||||||||||||
6-30-20186 | 13.77 | 0.11 | (0.22) | (0.11) | (0.11) | — | (0.11) | 13.55 | (0.78)7 | 0.168 | 0.108 | 1.688 | 26 | 4 |
12-31-2017 | 13.24 | 0.31 | 1.16 | 1.47 | (0.33) | (0.61) | (0.94) | 13.77 | 11.14 | 0.15 | 0.09 | 2.20 | 25 | 28 |
12-31-2016 | 13.08 | 0.32 | 0.57 | 0.89 | (0.34) | (0.39) | (0.73) | 13.24 | 6.90 | 0.10 | 0.07 | 2.41 | 29 | 25 |
12-31-2015 | 14.05 | 0.38 | (0.54) | (0.16) | (0.37) | (0.44) | (0.81) | 13.08 | (1.20) | 0.11 | 0.06 | 2.74 | 30 | 11 |
12-31-2014 | 14.24 | 0.42 | 0.15 | 0.57 | (0.39) | (0.37) | (0.76) | 14.05 | 3.99 | 0.21 | 0.06 | 2.90 | 20 | 14 |
12-31-2013 | 13.31 | 0.45 | 0.93 | 1.38 | (0.36) | (0.09) | (0.45) | 14.24 | 10.49 | 0.32 | 0.11 | 3.22 | 11 | 17 |
Class 1 | ||||||||||||||
6-30-20186 | 13.79 | 0.11 | (0.22) | (0.11) | (0.11) | — | (0.11) | 13.57 | (0.80)7 | 0.208 | 0.148 | 1.618 | 2,468 | 4 |
12-31-2017 | 13.26 | 0.31 | 1.15 | 1.46 | (0.32) | (0.61) | (0.93) | 13.79 | 11.07 | 0.18 | 0.13 | 2.23 | 2,657 | 28 |
12-31-2016 | 13.10 | 0.32 | 0.57 | 0.89 | (0.34) | (0.39) | (0.73) | 13.26 | 6.84 | 0.14 | 0.12 | 2.40 | 2,821 | 25 |
12-31-2015 | 14.07 | 0.35 | (0.52) | (0.17) | (0.36) | (0.44) | (0.80) | 13.10 | (1.25) | 0.13 | 0.11 | 2.50 | 3,005 | 11 |
12-31-2014 | 14.26 | 0.38 | 0.18 | 0.56 | (0.38) | (0.37) | (0.75) | 14.07 | 3.93 | 0.12 | 0.11 | 2.62 | 3,455 | 14 |
12-31-2013 | 13.32 | 0.35 | 1.04 | 1.39 | (0.36) | (0.09) | (0.45) | 14.26 | 10.55 | 0.11 | 0.11 | 2.51 | 3,562 | 17 |
Class 5 | ||||||||||||||
6-30-20186 | 13.77 | 0.11 | (0.22) | (0.11) | (0.11) | — | (0.11) | 13.55 | (0.78)7 | 0.158 | 0.098 | 1.678 | 59 | 4 |
12-31-2017 | 13.24 | 0.33 | 1.14 | 1.47 | (0.33) | (0.61) | (0.94) | 13.77 | 11.14 | 0.13 | 0.08 | 2.33 | 62 | 28 |
12-31-2016 | 13.08 | 0.34 | 0.55 | 0.89 | (0.34) | (0.39) | (0.73) | 13.24 | 6.90 | 0.09 | 0.07 | 2.50 | 57 | 25 |
12-31-2015 | 14.06 | 0.37 | (0.54) | (0.17) | (0.37) | (0.44) | (0.81) | 13.08 | (1.27) | 0.08 | 0.06 | 2.61 | 52 | 11 |
12-31-2014 | 14.24 | 0.40 | 0.18 | 0.58 | (0.39) | (0.37) | (0.76) | 14.06 | 4.06 | 0.07 | 0.06 | 2.72 | 52 | 14 |
12-31-2013 | 13.31 | 0.36 | 1.03 | 1.39 | (0.37) | (0.09) | (0.46) | 14.24 | 10.54 | 0.06 | 0.06 | 2.62 | 48 | 17 |
1. Based on average daily shares outstanding.
2. Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3. Does not reflect the effect of sales charges, if any.
4. Total returns would have been lower had certain expenses not been reduced during the applicable periods.
5. Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. The range of expense ratios of the underlying funds held by the portfolio was as follows: 0.38%-1.56%, 0.38%-3.43%, 0.60%-3.77%, 0.57%-2.99%, 0.55%-2.85%, and 0.62%-3.11% for the periods ended 6-30-18, 12-31-17,12-31-16, 12-31-15, 12-31-14 and 12-31-13, respectively.
6. Six months ended 6-30-18. Unaudited.
7. Not annualized.
8. Annualized.
9. The inception date for Class I shares is 5-1-15.
10. Portfolio turnover is shown for the period from 1-1-15 to 12-31-15.
11. Includes the impact of expense recapture which amounted to 0.01% of average net assets for Class R2 shares.
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE MODERATE PORTFOLIO 37 |
Financial highlights continued |
Multimanager Lifestyle Conservative Portfolio | ||||||||||||||
Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||
Income (loss) from in- | ||||||||||||||
vestment operations | Less distributions | Ratios to average net assets | ||||||||||||
Net real- | ||||||||||||||
Net asset | ized and | Net | ||||||||||||
value, | Net | unrealized | Total from | Net asset | Expenses | Expenses | Net | assets, | ||||||
beginning | investment | gain (loss) | investment | From net | From net | Total | value, | Total | before | including | investment | end of | Portfolio | |
of period | income | on invest- | operations | investment | realized | distribu- | end of | return | reductions | reductions | income | period | turnover | |
Period ended | ($) | (loss) ($)1, 2 | ments ($) | ($) | income ($) | gain ($) | tions ($) | period ($) | (%)3, 4 | (%)5 | (%)5 | (loss) (%)2 | (in millions) | (%) |
Multimanager Lifestyle Conservative Portfolio | ||||||||||||||
Class A | ||||||||||||||
6-30-20186 | 13.06 | 0.10 | (0.31) | (0.21) | (0.10) | — | (0.10) | 12.75 | (1.59)7 | 0.568 | 0.508 | 1.618 | 576 | 4 |
12-31-2017 | 12.60 | 0.27 | 0.62 | 0.89 | (0.27) | (0.16) | (0.43) | 13.06 | 7.11 | 0.55 | 0.50 | 2.05 | 611 | 26 |
12-31-2016 | 12.42 | 0.29 | 0.38 | 0.67 | (0.28) | (0.21) | (0.49) | 12.60 | 5.40 | 0.51 | 0.48 | 2.26 | 607 | 23 |
12-31-2015 | 13.30 | 0.33 | (0.56) | (0.23) | (0.33) | (0.32) | (0.65) | 12.42 | (1.74) | 0.51 | 0.47 | 2.47 | 576 | 10 |
12-31-2014 | 13.68 | 0.37 | 0.10 | 0.47 | (0.37) | (0.48) | (0.85) | 13.30 | 3.44 | 0.53 | 0.47 | 2.67 | 600 | 22 |
12-31-2013 | 13.44 | 0.33 | 0.29 | 0.62 | (0.33) | (0.05) | (0.38) | 13.68 | 4.66 | 0.54 | 0.52 | 2.44 | 530 | 17 |
Class B | ||||||||||||||
6-30-20186 | 13.07 | 0.06 | (0.31) | (0.25) | (0.06) | — | (0.06) | 12.76 | (1.94)7 | 1.268 | 1.208 | 0.868 | 13 | 4 |
12-31-2017 | 12.61 | 0.16 | 0.64 | 0.80 | (0.18) | (0.16) | (0.34) | 13.07 | 6.35 | 1.25 | 1.21 | 1.24 | 17 | 26 |
12-31-2016 | 12.43 | 0.18 | 0.40 | 0.58 | (0.19) | (0.21) | (0.40) | 12.61 | 4.66 | 1.21 | 1.19 | 1.42 | 23 | 23 |
12-31-2015 | 13.30 | 0.22 | (0.54) | (0.32) | (0.23) | (0.32) | (0.55) | 12.43 | (2.39) | 1.22 | 1.20 | 1.64 | 30 | 10 |
12-31-2014 | 13.68 | 0.24 | 0.12 | 0.36 | (0.26) | (0.48) | (0.74) | 13.30 | 2.65 | 1.25 | 1.24 | 1.75 | 39 | 22 |
12-31-2013 | 13.44 | 0.22 | 0.30 | 0.52 | (0.23) | (0.05) | (0.28) | 13.68 | 3.87 | 1.26 | 1.26 | 1.65 | 47 | 17 |
Class C | ||||||||||||||
6-30-20186 | 13.06 | 0.06 | (0.31) | (0.25) | (0.06) | — | (0.06) | 12.75 | (1.94)7 | 1.268 | 1.208 | 0.878 | 214 | 4 |
12-31-2017 | 12.61 | 0.17 | 0.62 | 0.79 | (0.18) | (0.16) | (0.34) | 13.06 | 6.27 | 1.25 | 1.21 | 1.28 | 261 | 26 |
12-31-2016 | 12.42 | 0.19 | 0.40 | 0.59 | (0.19) | (0.21) | (0.40) | 12.61 | 4.74 | 1.21 | 1.19 | 1.48 | 310 | 23 |
12-31-2015 | 13.30 | 0.23 | (0.56) | (0.33) | (0.23) | (0.32) | (0.55) | 12.42 | (2.47) | 1.21 | 1.19 | 1.73 | 349 | 10 |
12-31-2014 | 13.68 | 0.27 | 0.09 | 0.36 | (0.26) | (0.48) | (0.74) | 13.30 | 2.66 | 1.23 | 1.21 | 1.91 | 378 | 22 |
12-31-2013 | 13.43 | 0.23 | 0.30 | 0.53 | (0.23) | (0.05) | (0.28) | 13.68 | 3.98 | 1.24 | 1.24 | 1.71 | 355 | 17 |
Class I | ||||||||||||||
6-30-20186 | 13.04 | 0.12 | (0.31) | (0.19) | (0.12) | — | (0.12) | 12.73 | (1.45)7 | 0.268 | 0.218 | 1.948 | 14 | 4 |
12-31-2017 | 12.58 | 0.32 | 0.61 | 0.93 | (0.31) | (0.16) | (0.47) | 13.04 | 7.44 | 0.24 | 0.20 | 2.42 | 15 | 26 |
12-31-2016 | 12.40 | 0.39 | 0.32 | 0.71 | (0.32) | (0.21) | (0.53) | 12.58 | 5.73 | 0.20 | 0.18 | 3.04 | 11 | 23 |
12-31-20159 | 13.49 | 0.34 | (0.80) | (0.46) | (0.31) | (0.32) | (0.63) | 12.40 | (3.40)7 | 0.198 | 0.178 | 3.848 | 4 | 1010 |
Class R1 | ||||||||||||||
6-30-20186 | 13.05 | 0.08 | (0.31) | (0.23) | (0.08) | — | (0.08) | 12.74 | (1.77)7 | 0.908 | 0.848 | 1.308 | 7 | 4 |
12-31-2017 | 12.59 | 0.21 | 0.64 | 0.85 | (0.23) | (0.16) | (0.39) | 13.05 | 6.74 | 0.89 | 0.85 | 1.62 | 6 | 26 |
12-31-2016 | 12.41 | 0.24 | 0.39 | 0.63 | (0.24) | (0.21) | (0.45) | 12.59 | 5.04 | 0.86 | 0.84 | 1.90 | 9 | 23 |
12-31-2015 | 13.29 | 0.26 | (0.54) | (0.28) | (0.28) | (0.32) | (0.60) | 12.41 | (2.11) | 0.87 | 0.86 | 1.95 | 8 | 10 |
12-31-2014 | 13.68 | 0.30 | 0.09 | 0.39 | (0.30) | (0.48) | (0.78) | 13.29 | 2.86 | 1.00 | 0.99 | 2.14 | 10 | 22 |
12-31-2013 | 13.43 | 0.27 | 0.30 | 0.57 | (0.27) | (0.05) | (0.32) | 13.68 | 4.31 | 0.91 | 0.91 | 1.97 | 9 | 17 |
Class R2 | ||||||||||||||
6-30-20186 | 13.04 | 0.10 | (0.30) | (0.20) | (0.10) | — | (0.10) | 12.74 | (1.57)7 | 0.718 | 0.658 | 1.538 | 3 | 4 |
12-31-2017 | 12.59 | 0.23 | 0.64 | 0.87 | (0.26) | (0.16) | (0.42) | 13.04 | 6.91 | 0.63 | 0.58 | 1.73 | 2 | 26 |
12-31-2016 | 12.40 | 0.25 | 0.42 | 0.67 | (0.27) | (0.21) | (0.48) | 12.59 | 5.39 | 0.60 | 0.58 | 1.95 | 4 | 23 |
12-31-2015 | 13.28 | 0.31 | (0.55) | (0.24) | (0.32) | (0.32) | (0.64) | 12.40 | (1.86) | 0.65 | 0.61 | 2.31 | 5 | 10 |
12-31-2014 | 13.67 | 0.46 | (0.02) | 0.44 | (0.35) | (0.48) | (0.83) | 13.28 | 3.21 | 1.13 | 0.62 | 3.30 | 5 | 22 |
12-31-2013 | 13.42 | 0.39 | 0.23 | 0.62 | (0.32) | (0.05) | (0.37) | 13.67 | 4.67 | 2.55 | 0.62 | 2.86 | 2 | 17 |
Class R3 | ||||||||||||||
6-30-20186 | 13.03 | 0.09 | (0.31) | (0.22) | (0.09) | — | (0.09) | 12.72 | (1.69)7 | 0.728 | 0.678 | 1.438 | 4 | 4 |
12-31-2017 | 12.57 | 0.23 | 0.64 | 0.87 | (0.25) | (0.16) | (0.41) | 13.03 | 6.91 | 0.73 | 0.69 | 1.79 | 5 | 26 |
12-31-2016 | 12.39 | 0.25 | 0.40 | 0.65 | (0.26) | (0.21) | (0.47) | 12.57 | 5.19 | 0.69 | 0.68 | 1.94 | 6 | 23 |
12-31-2015 | 13.26 | 0.27 | (0.52) | (0.25) | (0.30) | (0.32) | (0.62) | 12.39 | (1.94) | 0.76 | 0.75 | 2.04 | 8 | 10 |
12-31-2014 | 13.65 | 0.31 | 0.10 | 0.41 | (0.32) | (0.48) | (0.80) | 13.26 | 3.01 | 0.88 | 0.86 | 2.21 | 11 | 22 |
12-31-2013 | 13.41 | 0.30 | 0.28 | 0.58 | (0.29) | (0.05) | (0.34) | 13.65 | 4.39 | 0.75 | 0.75 | 2.18 | 11 | 17 |
Class R4 | ||||||||||||||
6-30-20186 | 13.03 | 0.11 | (0.31) | (0.20) | (0.11) | — | (0.11) | 12.72 | (1.53)7 | 0.518 | 0.368 | 1.708 | 3 | 4 |
12-31-2017 | 12.58 | 0.27 | 0.63 | 0.90 | (0.29) | (0.16) | (0.45) | 13.03 | 7.20 | 0.49 | 0.35 | 2.09 | 4 | 26 |
12-31-2016 | 12.40 | 0.30 | 0.39 | 0.69 | (0.30) | (0.21) | (0.51) | 12.58 | 5.56 | 0.45 | 0.34 | 2.35 | 6 | 23 |
12-31-2015 | 13.27 | 0.31 | (0.51) | (0.20) | (0.35) | (0.32) | (0.67) | 12.40 | (1.56) | 0.50 | 0.38 | 2.37 | 6 | 10 |
12-31-2014 | 13.66 | 0.36 | 0.10 | 0.46 | (0.37) | (0.48) | (0.85) | 13.27 | 3.36 | 0.63 | 0.51 | 2.62 | 9 | 22 |
12-31-2013 | 13.42 | 0.34 | 0.29 | 0.63 | (0.34) | (0.05) | (0.39) | 13.66 | 4.72 | 0.58 | 0.48 | 2.51 | 9 | 17 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE CONSERVATIVE PORTFOLIO 38 |
Multimanager Lifestyle Conservative Portfolio (continued) | ||||||||||||||
Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||
Income (loss) from in- | ||||||||||||||
vestment operations | Less distributions | Ratios to average net assets | ||||||||||||
Net real- | ||||||||||||||
Net asset | ized and | Net | ||||||||||||
value, | Net | unrealized | Total from | Net asset | Expenses | Expenses | Net | assets, | ||||||
beginning | investment | gain (loss) | investment | From net | From net | Total | value, | Total | before | including | investment | end of | Portfolio | |
of period | income | on invest- | operations | investment | realized | distribu- | end of | return | reductions | reductions | income | period | turnover | |
Period ended | ($) | (loss) ($)1, 2 | ments ($) | ($) | income ($) | gain ($) | tions ($) | period ($) | (%)3, 4 | (%)5 | (%)5 | (loss) (%)2 | (in millions) | (%) |
Class R5 | ||||||||||||||
6-30-20186 | 13.04 | 0.13 | (0.32) | (0.19) | (0.12) | — | (0.12) | 12.73 | (1.43)7 | 0.218 | 0.168 | 1.968 | 5 | 4 |
12-31-2017 | 12.58 | 0.30 | 0.64 | 0.94 | (0.32) | (0.16) | (0.48) | 13.04 | 7.49 | 0.20 | 0.16 | 2.33 | 5 | 26 |
12-31-2016 | 12.40 | 0.32 | 0.40 | 0.72 | (0.33) | (0.21) | (0.54) | 12.58 | 5.77 | 0.15 | 0.13 | 2.53 | 7 | 23 |
12-31-2015 | 13.28 | 0.36 | (0.54) | (0.18) | (0.38) | (0.32) | (0.70) | 12.40 | (1.41) | 0.18 | 0.16 | 2.70 | 8 | 10 |
12-31-2014 | 13.67 | 0.38 | 0.12 | 0.50 | (0.41) | (0.48) | (0.89) | 13.28 | 3.64 | 0.26 | 0.24 | 2.75 | 13 | 22 |
12-31-2013 | 13.43 | 0.37 | 0.30 | 0.67 | (0.38) | (0.05) | (0.43) | 13.67 | 5.03 | 0.17 | 0.17 | 2.70 | 15 | 17 |
Class R6 | ||||||||||||||
6-30-20186 | 13.03 | 0.13 | (0.31) | (0.18) | (0.13) | — | (0.13) | 12.72 | (1.40)7 | 0.168 | 0.118 | 1.998 | 15 | 4 |
12-31-2017 | 12.57 | 0.33 | 0.62 | 0.95 | (0.33) | (0.16) | (0.49) | 13.03 | 7.56 | 0.15 | 0.10 | 2.53 | 16 | 26 |
12-31-2016 | 12.39 | 0.34 | 0.39 | 0.73 | (0.34) | (0.21) | (0.55) | 12.57 | 5.85 | 0.10 | 0.07 | 2.68 | 14 | 23 |
12-31-2015 | 13.27 | 0.39 | (0.56) | (0.17) | (0.39) | (0.32) | (0.71) | 12.39 | (1.34) | 0.13 | 0.06 | 2.95 | 13 | 10 |
12-31-2014 | 13.65 | 0.47 | 0.06 | 0.53 | (0.43) | (0.48) | (0.91) | 13.27 | 3.87 | 0.42 | 0.06 | 3.41 | 8 | 22 |
12-31-2013 | 13.42 | 0.43 | 0.24 | 0.67 | (0.39) | (0.05) | (0.44) | 13.65 | 5.05 | 0.43 | 0.11 | 3.19 | 5 | 17 |
Class 1 | ||||||||||||||
6-30-20186 | 13.03 | 0.13 | (0.31) | (0.18) | (0.13) | — | (0.13) | 12.72 | (1.42)7 | 0.208 | 0.158 | 1.968 | 1,741 | 4 |
12-31-2017 | 12.58 | 0.31 | 0.62 | 0.93 | (0.32) | (0.16) | (0.48) | 13.03 | 7.43 | 0.18 | 0.14 | 2.37 | 1,931 | 26 |
12-31-2016 | 12.39 | 0.33 | 0.40 | 0.73 | (0.33) | (0.21) | (0.54) | 12.58 | 5.88 | 0.13 | 0.12 | 2.59 | 2,149 | 23 |
12-31-2015 | 13.27 | 0.37 | (0.55) | (0.18) | (0.38) | (0.32) | (0.70) | 12.39 | (1.39) | 0.13 | 0.11 | 2.79 | 2,241 | 10 |
12-31-2014 | 13.66 | 0.41 | 0.10 | 0.51 | (0.42) | (0.48) | (0.90) | 13.27 | 3.74 | 0.13 | 0.11 | 2.94 | 2,584 | 22 |
12-31-2013 | 13.42 | 0.38 | 0.30 | 0.68 | (0.39) | (0.05) | (0.44) | 13.66 | 5.12 | 0.11 | 0.11 | 2.77 | 2,758 | 17 |
1. Based on average daily shares outstanding.
2. Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3. Does not reflect the effect of sales charges, if any.
4. Total returns would have been lower had certain expenses not been reduced during the applicable periods.
5. Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. The range of expense ratios of the underlying funds held by the portfolio was as follows: 0.38%-1.56%, 0.38%-3.43%, 0.60%-3.77%, 0.62%-2.99%, 0.62%-2.85%, and 0.62%-3.11% for the periods ended 6-30-18, 12-31-17, 12-31-16, 12-31-15, 12-31-14 and 12-31-13, respectively.
6. Six months ended 6-30-18. Unaudited.
7. Not annualized.
8. Annualized.
9. The inception date for Class I shares is 5-1-15.
10. Portfolio turnover is shown for the period from 1-1-15 to 12-31-15.
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFESTYLE CONSERVATIVE PORTFOLIO 39 |
Note 1 — Organization
John Hancock Funds II (the Trust) is an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). It is a series company with multiple investment series (the funds), five of which (collectively, Multimanager Lifestyle Portfolios, or the portfolios, and individually the portfolio) are presented in this report. The Multimanager Lifestyle Portfolios operate as "funds of funds", investing in Class NAV shares of affiliated underlying funds of the Trust, other funds in the John Hancock funds complex and other permitted investments, including other unaffiliated funds.
The portfolios may offer multiple classes of shares. The shares currently offered by the portfolios are detailed in the Statements of assets and liabilities. Class A and Class C are open to all investors. Class B shares are closed to new investors, subject to exceptions described in the portfolios' prospectus. Class I shares are offered to institutions and certain investors. Class R1, Class R2, Class R3, Class R4 and Class R5 shares are available only to certain retirement plans. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class 1 shares are offered only to certain affiliates of Manulife Financial Corporation (MFC). Class 5 shares are available only to the John Hancock Freedom 529 plans. Class B shares convert to Class A shares eight years after purchase. Class C shares convert to Class A shares ten years after purchase (certain exclusions may apply). Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.
The investment objectives of the portfolios are as follows:
Multimanager Lifestyle Aggressive Portfolio
To seek long-term growth of capital. Current income is not a consideration.
Multimanager Lifestyle Growth Portfolio
To seek long-term growth of capital. Current income is also a consideration.
Multimanager Lifestyle Balanced Portfolio
To seek a balance between a high level of current income and growth of capital, with a greater emphasis on growth of capital.
Multimanager Lifestyle Moderate Portfolio
To seek a balance between a high level of current income and growth of capital, with a greater emphasis on income.
Multimanager Lifestyle Conservative Portfolio
To seek a high level of current income with some consideration given to growth of capital.
The accounting policies of the John Hancock underlying funds in which the portfolios invest are outlined in the underlying funds' shareholder reports, which include the underlying funds' financial statements, available without charge by calling 800-344-1029 or visiting jhinvestments.com, on the Securities and Exchange Commission (SEC) website at sec.gov or at the SEC's public reference room in Washington, D.C. The underlying funds are not covered by this report.
Note 2 — Significant accounting policies
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The portfolios qualify as investment companies under Topic 946 of Accounting Standards Codification of US GAAP.
Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the portfolios:
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 portfolios' Valuation Policies and Procedures.
In order to value the securities, the portfolios use the following valuation techniques: Investments by the portfolios in underlying affiliated funds and/or other open-end management investment companies are valued at their respective NAVs each business day. Equity securities held by the fund 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. Debt obligations are valued based on the evaluated prices provided by an independent pricing vendor or from broker-dealers. Independent pricing vendors utilize matrix pricing which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices.
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 portfolios' 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 portfolios use 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 portfolios' 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, 2018, all investments held in the Multimanager Lifestyle Aggressive Portfolio are categorized as Level 1 under the hierarchy described above. The following is a summary of the values by input classification of the remaining portfolios as of June 30, 2018, by major security category or type:
MULTIMANAGER LIFESTYLE GROWTH PORTFOLIO
Total value at 6-30-18 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Affiliated investment companies | $12,144,449,645 | $12,144,449,645 | — | — |
Common stocks | 68,807 | — | — | $68,807 |
Escrow certificates | 167 | — | — | 167 |
Short-term investments | 8,453,758 | 1,474 | $8,452,284 | — |
Total investments in securities | $12,152,972,377 | $12,144,451,119 | $8,452,284 | $68,974 |
MULTIMANAGER LIFESTYLE BALANCED PORTFOLIO
Total value at 6-30-18 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Affiliated investment companies | $11,860,568,935 | $11,860,568,935 | — | — |
Common stocks | 134,629 | — | — | $134,629 |
Escrow certificates | 328 | — | — | 328 |
Short-term investments | 77,406,806 | 1,565 | $77,405,241 | — |
Total investments in securities | $11,938,110,698 | $11,860,570,500 | $77,405,241 | $134,957 |
MULTIMANAGER LIFESTYLE MODERATE PORTFOLIO
Total value at 6-30-18 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Affiliated investment companies | $3,503,678,372 | $3,503,678,372 | — | — |
Common stocks | 51,189 | — | — | $51,189 |
Escrow certificates | 125 | — | — | 125 |
Short-term investments | 24,078,525 | 1,151 | $24,077,374 | — |
Total investments in securities | $3,527,808,211 | $3,503,679,523 | $24,077,374 | $51,314 |
MULTIMANAGER LIFESTYLE CONSERVATIVE PORTFOLIO
Total value at 6-30-18 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Affiliated investment companies | $2,578,145,959 | $2,578,145,959 | — | — |
Common stocks | 42,517 | — | — | $42,517 |
Escrow certificates | 103 | — | — | 103 |
Short-term investments | 18,220,724 | 1,175 | $18,219,549 | — |
Total investments in securities | $2,596,409,303 | $2,578,147,134 | $18,219,549 | $42,620 |
Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation. Income and capital gain distributions from underlying funds are recorded on ex-date.
Line of credit. The portfolios may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the portfolios' custodian agreement, the custodian may loan money to the portfolios to make properly authorized payments. The portfolios are obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any portfolio property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.
The portfolios and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $750 million unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of other affiliated funds, the portfolios can borrow up to an aggregate commitment amount of $500 million, subject to asset coverage and other limitations as specified in the agreement. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of the line of credit, is charged to each participating portfolio based on a combination of fixed and asset based allocations and is reflected in Other expenses on the Statements of operations. For the six months ended June 30, 2018, the portfolios had no borrowings under the line of credit.
Commitment fees for the six months ended June 30, 2018 were as follows:
Portfolio | |
Multimanager Lifestyle Aggressive Portfolio | $3,803 |
Multimanager Lifestyle Growth Portfolio | $9,618 |
Multimanager Lifestyle Balanced Portfolio | $9,586 |
Multimanager Lifestyle Moderate Portfolio | $3,556 |
Multimanager Lifestyle Conservative Portfolio | $2,941 |
Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund's relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the fund level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.
Federal income taxes. Each portfolio intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.
As of December 31, 2017, the portfolios have no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. Each portfolio's federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.
For federal income tax purposes, the costs of investments owned on June 30, 2018, including short-term investments, were as follows:
Portfolio | Aggregate cost | Unrealized appreciation | Unrealized (depreciation) | Net unrealized appreciation/ (depreciation) | ||||||||||
Multimanager Lifestyle Aggressive Portfolio | $3,145,813,837 | $962,236,355 | ($3,360,587 | ) | $958,875,768 | |||||||||
Multimanager Lifestyle Growth Portfolio | 9,951,854,314 | 2,250,870,105 | (49,752,042 | ) | 2,201,118,063 | |||||||||
Multimanager Lifestyle Balanced Portfolio | 10,417,001,302 | 1,618,601,711 | (97,492,315 | ) | 1,521,109,396 |
Portfolio | Aggregate cost | Unrealized appreciation | Unrealized (depreciation) | Net unrealized appreciation/ (depreciation) | ||||||||||
Multimanager Lifestyle Moderate Portfolio | $3,283,725,137 | $288,637,752 | ($44,554,678 | ) | $244,083,074 | |||||||||
Multimanager Lifestyle Conservative Portfolio | 2,571,869,082 | 72,608,959 | (48,068,738 | ) | 24,540,221 |
Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The Multimanager Lifestyle Aggressive Portfolio and Multimanager Lifestyle Growth Portfolio generally declare and pay dividends and capital gain distributions, if any, at least annually. The Multimanager Lifestyle Balanced Portfolio, Multimanager Lifestyle Moderate Portfolio and Multimanager Lifestyle Conservative Portfolio generally declare and pay dividends quarterly and capital gain distributions, if any, at least annually.
Distributions paid by the portfolios with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class.
Such distributions, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the portfolios' financial statements as a return of capital. The final determination of tax characteristics of the fund's distribution will occur at the end of the year and will subsequently be reported to shareholders. Short-term gains from underlying funds are treated as ordinary income for tax purposes.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to wash sale loss deferrals.
Note 3 — Guarantees and indemnifications
Under the Trust's organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the portfolios. Additionally, in the normal course of business, the Trust enters into contracts with service providers that contain general indemnification clauses. The Trust's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. The risk of material loss from such claims is considered remote.
Note 4 — Fees and transactions with affiliates
John Hancock Advisers, LLC (the Advisor) serves as investment advisor for the portfolios. John Hancock Funds, LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the portfolios. The Advisor and the Distributor are indirect, wholly owned subsidiaries of Manulife Financial Corporation (MFC).
Management fee. The portfolios have an investment management agreement with the Advisor under which the portfolios pay a daily management fee to the Advisor, equivalent on an annual basis, as detailed below. Aggregate net assets include the net assets of the portfolios and the net assets of similar funds of John Hancock Variable Insurance Trust (JHVIT) and net assets of similar funds of the Trust. The Advisor has subadvisory agreements with John Hancock Asset Management a division of Manulife Asset management (North America) Limited and John Hancock Asset Management a division of Manulife Asset Management (US) LLC, which are indirect owned subsidiaries of MFC and affiliates of the Advisor. The portfolios are not responsible for payment of the subadvisory fees.
Under the advisory agreement, the portfolios pay a daily management fee to the Advisor as outlined below:
First $7.5 billion of aggregate net assets | Excess over $7.5 billion of aggregate net assets | |
Affiliated fund assets | 0.05% | 0.04% |
Other assets | 0.50% | 0.49% |
The advisory fee has two components: (a) a fee on assets invested in affiliated funds (Affiliated fund assets) and (b) a fee on assets not invested in affiliated funds (Other assets). Affiliated funds are any funds of the Trust, JHVIT (excluding 500 Index Trust, Total Bond Market Trust and International Equity Index Trust) and John Hancock Funds III.
The Advisor has contractually agreed to waive and/or reimburse all class-specific expenses for Class A and Class I shares of the portfolios to the extent they exceed 0.41% and 0.11%, respectively, of average net assets on an annualized basis attributable to the class (the class expense waiver). The class expense waiver expires on April 30, 2019, unless renewed by mutual agreement of the portfolios and the Advisor based upon a determination that this is appropriate under the circumstances at that time.
The Advisor has contractually agreed to reduce its management fee and/or make payment to each portfolio in an amount equal to the amount by which "Other expenses" of a portfolio exceed 0.05% of the average annual net assets (on an annualized basis) of the portfolio. "Other expenses" means all of the expenses of a portfolio, excluding certain expenses such as management fees, taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the portfolio's business, class-specific expenses, underlying fund expenses (acquired fund fees), and short dividend expense. The current expense limitation agreement expires on April 30, 2019, unless renewed by mutual agreement of a portfolio and the Advisor based upon a determination that this is appropriate under the circumstances at that time.
Prior to May 1, 2018, the Advisor had contractually agreed to waive its advisory fees and/or reduce expenses by 0.002% of each portfolio's average net assets. This expense limitation agreement expired on April 30, 2018.
Additionally, the Advisor voluntarily agreed to waive its advisory fee for each portfolio so that the aggregate advisory fee retained by the Advisor with respect to both the portfolio and its underlying investments (after payment of subadvisory fees) does not exceed 0.50% of the portfolio's first $7.5 billion of average net assets and 0.49% of the portfolio's average net assets in excess of $7.5 billion. This voluntary waiver may be terminated at any time by the Advisor upon notice to the Trust.
For the six months ended June 30, 2018, the expense reductions related to these agreements amounted to the following and are reflected as a reduction of the total expenses in the Statements of operations:
Expense Reimbursement by Class | |||||||||||||
Class A | Class B | Class C | Class I | Class R1 | Class R2 | Class R3 | Class R4 | Class R5 | Class R6 | Class 1 | Class 5 | Total | |
Multimanager Lifestyle Aggressive Portfolio | $213,112 | $3,746 | $57,564 | $4,748 | $2,741 | $2,902 | $3,797 | $3,013 | $2,565 | $12,610 | $1,468,920 | $$ | $1,775,718 |
Multimanager Lifestyle Growth Portfolio | 582,080 | 13,917 | 200,411 | 13,332 | 6,021 | 5,040 | 4,707 | 3,362 | 6,856 | 28,464 | 3,307,657 | 108,967 | 4,280,814 |
Multimanager Lifestyle Balanced Portfolio | 591,766 | 13,461 | 217,532 | 15,361 | 5,241 | 4,948 | 5,674 | 3,893 | 5,626 | 25,009 | 3,068,977 | 53,449 | 4,010,937 |
Multimanager Lifestyle Moderate Portfolio | 203,117 | 5,260 | 83,220 | 3,808 | 1,806 | 1,426 | 1,881 | 1,445 | 2,748 | 7,605 | 767,314 | 18,019 | 1,097,649 |
Multimanager Lifestyle Conservative Portfolio | 162,782 | 4,062 | 66,029 | 3,965 | 1,840 | 832 | 1,164 | 844 | 1,258 | 4,325 | 503,426 | — | 750,527 |
Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.
The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the six months ended June 30, 2018 were equivalent to a net annual effective rate of the portfolios' average daily net assets as follows:
Portfolio | Annual effective rate | Portfolio | Annual effective rate | |
Multimanager Lifestyle Aggressive Portfolio | 0.04% | Multimanager Lifestyle Moderate Portfolio | 0.06% | |
Multimanager Lifestyle Growth Portfolio | 0.04% | Multimanager Lifestyle Conservative Portfolio | 0.07% | |
Multimanager Lifestyle Balanced Portfolio | 0.05% |
Accounting and legal services. Pursuant to a service agreement, the portfolios reimburse the Advisor for all expenses associated with providing the administrative, financial, legal, accounting and recordkeeping services to the portfolios, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred for the six months ended June 30, 2018 amounted to an annual rate of 0.02% of each portfolio's average daily net assets.
Distribution and service plans. The portfolios have a distribution agreement with the Distributor. The portfolios have adopted distribution and service plans with respect to Class A, Class B, Class C, Class R1, Class R2, Class R3, Class R4 and Class 1 shares pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the portfolios. In addition, under a service plan for Class R1, Class R2, Class R3, Class R4 and Class R5 shares, the portfolios pay for certain other services. The portfolios may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the portfolios' shares:
Class | Rule 12b-1 fee | Service fee | Class | Rule 12b-1 fee | Service fee | |
Class A | 0.30% | — | Class R3 | 0.50% | 0.15% | |
Class B | 1.00% | — | Class R4 | 0.25% | 0.10% | |
Class C | 1.00% | — | Class R5 | — | 0.05% | |
Class R1 | 0.50% | 0.25% | Class 1 | 0.05% | — | |
Class R2 | 0.25% | 0.25% |
The portfolios' Distributor has contractually agreed to waive 0.10% of Rule12b-1 fees for Class R4 shares. The current waiver agreement expires on April 30, 2019, unless renewed by mutual agreement of the portfolios and the Distributor based upon a determination that this is appropriate under the circumstances at the time. This contractual waiver amounted to the following for the six months ended June 30, 2018:
Portfolio | Class R4 |
Multimanager Lifestyle Aggressive Portfolio | 3,596 |
Multimanager Lifestyle Growth Portfolio | 4,964 |
Multimanager Lifestyle Balanced Portfolio | 5,979 |
Multimanager Lifestyle Moderate Portfolio | 2,395 |
Multimanager Lifestyle Conservative Portfolio | 1,526 |
Sales charges. Class A shares are assessed up-front sales charges of up to 5.00% of the net asset value of such shares. The following summarizes the net up-front sales charges received by the Distributor during the six months ended June 30, 2018:
Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Growth Portfolio | Multimanager Lifestyle Balanced Portfolio | Multimanager Lifestyle Moderate Portfolio | Multimanager Lifestyle Conservative Portfolio | |
Net sales charges | $227,755 | $709,966 | $554,461 | $191,496 | $116,479 |
Retained for printing prospectus, advertising and sales literature | 36,423 | 112,275 | 89,368 | 31,517 | 19,061 |
Sales commission to unrelated broker-dealers | 176,389 | 558,743 | 426,293 | 155,195 | 91,492 |
Sales commission to affiliated sales personnel | 14,943 | 38,948 | 38,800 | 4,784 | 5,926 |
Class A, Class B and Class C shares may be subject to contingent deferred sales charges (CDSCs). Certain Class A shares that are acquired through purchases of $1 million or more and are redeemed within one year of purchase are subject to a 1.00% sales charge. Class B shares that are redeemed within six years of purchase are subject to CDSCs, at declining rates, beginning at 5.00%. Class C shares that are redeemed within one year of purchase are subject to a 1.00% CDSC. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the Distributor for providing distribution-related services in connection with the sale of these shares. During the six months ended June 30, 2018, CDSCs received by the Distributor were as follows:
Portfolio | Class A | Class B | Class C |
Multimanager Lifestyle Aggressive Portfolio | $168 | $1,422 | $6,539 |
Multimanager Lifestyle Growth Portfolio | 427 | 6,536 | 22,265 |
Multimanager Lifestyle Balanced Portfolio | 332 | 9,912 | 13,500 |
Multimanager Lifestyle Moderate Portfolio | 152 | 2,059 | 6,465 |
Multimanager Lifestyle Conservative Portfolio | 961 | 4,774 | 4,793 |
Transfer agent fees. The John Hancock Group of Funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.
Class level expenses. Class level expenses for the six months ended June 30, 2018 were:
Class | Distribution and service fees | Transfer agent fees | |||||||||
Multimanager Lifestyle Aggressive Portfolio | Class A | $759,212 | $271,062 | ||||||||
Class B | 44,892 | 4,801 | |||||||||
Class C | 687,602 | 73,573 | |||||||||
Class I | — | 6,112 | |||||||||
Class R1 | 24,090 | 390 | |||||||||
Class R2 | 17,900 | 414 | |||||||||
Class R3 | 29,031 | 542 | |||||||||
Class R4 | 12,609 | 431 | |||||||||
Class R5 | 1,569 | 366 | |||||||||
Class R6 | — | 1,795 | |||||||||
Class 1 | 873,574 | — | |||||||||
Total | $2,450,479 | $359,486 | |||||||||
Multimanager Lifestyle Growth Portfolio | Class A | $2,556,109 | $912,304 | ||||||||
Class B | 205,289 | 21,951 | |||||||||
Class C | 2,946,475 | 315,309 | |||||||||
Class I | — | 21,138 | |||||||||
Class R1 | 65,131 | 1,061 | |||||||||
Class R2 | 34,844 | 885 | |||||||||
Class R3 | 40,233 | 827 | |||||||||
Class R4 | 17,337 | 595 | |||||||||
Class R5 | 5,284 | 1,211 | |||||||||
Class R6 | — | 4,970 | |||||||||
Class 1 | 2,423,718 | — | |||||||||
Total | $8,294,420 | $1,280,251 | |||||||||
Multimanager Lifestyle Balanced Portfolio | Class A | $2,722,561 | $971,641 |
Class | Distribution and service fees | Transfer agent fees | |||||||||
Class B | $207,925 | $22,234 | |||||||||
Class C | 3,348,266 | 358,246 | |||||||||
Class I | — | 25,472 | |||||||||
Class R1 | 58,924 | 965 | |||||||||
Class R2 | 37,483 | 911 | |||||||||
Class R3 | 53,708 | 1,043 | |||||||||
Class R4 | 21,310 | 717 | |||||||||
Class R5 | 4,415 | 1,037 | |||||||||
Class R6 | — | 4,584 | |||||||||
Class 1 | 2,355,641 | — | |||||||||
Total | $8,810,233 | $1,386,850 | |||||||||
Multimanager Lifestyle Moderate Portfolio | Class A | $1,010,358 | $360,551 | ||||||||
Class B | 87,620 | 9,367 | |||||||||
Class C | 1,384,131 | 148,064 | |||||||||
Class I | — | 6,834 | |||||||||
Class R1 | 21,527 | 360 | |||||||||
Class R2 | 11,955 | 284 | |||||||||
Class R3 | 19,260 | 376 | |||||||||
Class R4 | 8,570 | 288 | |||||||||
Class R5 | 2,116 | 548 | |||||||||
Class R6 | — | 1,510 | |||||||||
Class 1 | 636,723 | — | |||||||||
Total | $3,182,260 | $528,182 | |||||||||
Multimanager Lifestyle Conservative Portfolio | Class A | $879,698 | $313,868 | ||||||||
Class B | 73,412 | 7,843 | |||||||||
Class C | 1,191,732 | 127,458 | |||||||||
Class I | — | 7,688 | |||||||||
Class R1 | 24,263 | 397 | |||||||||
Class R2 | 8,081 | 181 | |||||||||
Class R3 | 11,756 | 253 | |||||||||
Class R4 | 5,326 | 182 | |||||||||
Class R5 | 1,081 | 272 | |||||||||
Class R6 | — | 935 | |||||||||
Class 1 | 453,678 | — | |||||||||
Total | $2,649,027 | $459,077 |
Trustee expenses. The portfolios compensate each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to the portfolios based on their net assets relative to other funds within the John Hancock group of funds complex.
Note 5 — Portfolio share transactions
Transactions in portfolios shares for the six months ended June 30, 2018 and the year ended December 31, 2017 were as follows:
Multimanager Lifestyle Aggressive Portfolio
Six months ended 6-30-18 | Year ended 12-31-17 | |||||||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||||||||
Class A shares | ||||||||||||||||||||||||||
Sold | 3,540,609 | $59,995,849 | 5,617,520 | $91,981,847 | ||||||||||||||||||||||
Distributions reinvested | — | — | 2,578,555 | 42,623,359 | ||||||||||||||||||||||
Repurchased | (3,081,049 | ) | (52,015,872 | ) | (6,456,267 | ) | (105,416,080 | ) | ||||||||||||||||||
Net increase | 459,560 | $7,979,977 | 1,739,808 | $29,189,126 | ||||||||||||||||||||||
Class B shares | ||||||||||||||||||||||||||
Sold | 7,401 | $125,676 | 4,662 | $74,260 | ||||||||||||||||||||||
Distributions reinvested | — | — | 48,697 | 806,424 | ||||||||||||||||||||||
Repurchased | (139,597 | ) | (2,357,236 | ) | (271,069 | ) | (4,406,913 | ) | ||||||||||||||||||
Net decrease | (132,196 | ) | $(2,231,560 | ) | (217,710 | ) | $(3,526,229 | ) |
Six months ended 6-30-18 | Year ended 12-31-17 | |||||||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||||||||
Class C shares | ||||||||||||||||||||||||||
Sold | 385,666 | $6,497,057 | 749,533 | $12,229,733 | ||||||||||||||||||||||
Distributions reinvested | — | — | 712,525 | 11,806,499 | ||||||||||||||||||||||
Repurchased | (2,387,507 | ) | (40,494,026 | ) | (3,062,423 | ) | (50,044,209 | ) | ||||||||||||||||||
Net decrease | (2,001,841 | ) | $(33,996,969 | ) | (1,600,365 | ) | $(26,007,977 | ) | ||||||||||||||||||
Class I shares | ||||||||||||||||||||||||||
Sold | 231,718 | $3,860,495 | 438,208 | $7,062,073 | ||||||||||||||||||||||
Distributions reinvested | — | — | 50,587 | 833,668 | ||||||||||||||||||||||
Repurchased | (125,799 | ) | (2,112,733 | ) | (181,937 | ) | (2,975,221 | ) | ||||||||||||||||||
Net increase | 105,919 | $1,747,762 | 306,858 | $4,920,520 | ||||||||||||||||||||||
Class R1 shares | ||||||||||||||||||||||||||
Sold | 44,335 | $746,969 | 88,815 | $1,421,357 | ||||||||||||||||||||||
Distributions reinvested | — | — | 29,403 | 486,616 | ||||||||||||||||||||||
Repurchased | (31,790 | ) | (537,915 | ) | (167,378 | ) | (2,736,947 | ) | ||||||||||||||||||
Net increase (decrease) | 12,545 | $209,054 | (49,160 | ) | $(828,974 | ) | ||||||||||||||||||||
Class R2 shares | ||||||||||||||||||||||||||
Sold | 117,909 | $2,015,332 | 168,708 | $2,751,681 | ||||||||||||||||||||||
Distributions reinvested | — | — | 12,094 | 198,705 | ||||||||||||||||||||||
Repurchased | (37,413 | ) | (622,340 | ) | (283,831 | ) | (4,764,901 | ) | ||||||||||||||||||
Net increase (decrease) | 80,496 | $1,392,992 | (103,029 | ) | $(1,814,515 | ) | ||||||||||||||||||||
Class R3 shares | ||||||||||||||||||||||||||
Sold | 71,922 | $1,204,174 | 378,150 | $6,590,339 | ||||||||||||||||||||||
Distributions reinvested | — | — | 51,255 | 844,678 | ||||||||||||||||||||||
Repurchased | (152,676 | ) | (2,589,384 | ) | (174,111 | ) | (2,811,122 | ) | ||||||||||||||||||
Net increase (decrease) | (80,754 | ) | $(1,385,210 | ) | 255,294 | $4,623,895 | ||||||||||||||||||||
Class R4 shares | ||||||||||||||||||||||||||
Sold | 33,412 | $559,240 | 152,919 | $2,643,321 | ||||||||||||||||||||||
Distributions reinvested | — | — | 43,144 | 710,152 | ||||||||||||||||||||||
Repurchased | (130,434 | ) | (2,218,840 | ) | (176,369 | ) | (2,921,118 | ) | ||||||||||||||||||
Net increase (decrease) | (97,022 | ) | $(1,659,600 | ) | 19,694 | $432,355 | ||||||||||||||||||||
Class R5 shares | ||||||||||||||||||||||||||
Sold | 33,651 | $568,545 | 115,888 | $1,887,685 | ||||||||||||||||||||||
Distributions reinvested | — | — | 35,464 | 584,449 | ||||||||||||||||||||||
Repurchased | (70,717 | ) | (1,178,979 | ) | (200,358 | ) | (3,292,457 | ) | ||||||||||||||||||
Net decrease | (37,066 | ) | $(610,434 | ) | (49,006 | ) | $(820,323 | ) | ||||||||||||||||||
Class R6 shares | ||||||||||||||||||||||||||
Sold | 273,845 | $4,572,663 | 833,753 | $14,064,504 | ||||||||||||||||||||||
Distributions reinvested | — | — | 157,247 | 2,589,865 | ||||||||||||||||||||||
Repurchased | (195,978 | ) | (3,288,081 | ) | (467,291 | ) | (7,492,057 | ) | ||||||||||||||||||
Net increase | 77,867 | $1,284,582 | 523,709 | $9,162,312 | ||||||||||||||||||||||
Class 1 shares | ||||||||||||||||||||||||||
Sold | 1,048,562 | $17,720,216 | 1,406,786 | $22,745,635 | ||||||||||||||||||||||
Distributions reinvested | — | — | 19,531,826 | 321,298,542 | ||||||||||||||||||||||
Repurchased | (12,954,617 | ) | (217,247,610 | ) | (34,586,204 | ) | (568,179,830 | ) | ||||||||||||||||||
Net decrease | (11,906,055 | ) | $(199,527,394 | ) | (13,647,592 | ) | $(224,135,653 | ) | ||||||||||||||||||
Total net decrease | (13,518,547 | ) | $(226,796,800 | ) | (12,821,499 | ) | $(208,805,463 | ) |
Multimanager Lifestyle Growth Portfolio
Six months ended 6-30-18 | Year ended 12-31-17 | |||||||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||||||||
Class A shares | ||||||||||||||||||||||||||
Sold | 9,158,497 | $150,579,026 | 15,165,500 | $244,872,557 | ||||||||||||||||||||||
Distributions reinvested | — | — | 8,326,828 | 134,561,591 | ||||||||||||||||||||||
Repurchased | (9,838,332 | ) | (161,251,863 | ) | (24,560,965 | ) | (395,218,460 | ) | ||||||||||||||||||
Net decrease | (679,835 | ) | $(10,672,837 | ) | (1,068,637 | ) | $(15,784,312 | ) | ||||||||||||||||||
Class B shares | ||||||||||||||||||||||||||
Sold | 15,788 | $260,382 | 31,325 | $506,733 | ||||||||||||||||||||||
Distributions reinvested | — | — | 200,581 | 3,251,425 | ||||||||||||||||||||||
Repurchased | (595,078 | ) | (9,772,025 | ) | (1,290,765 | ) | (20,875,884 | ) | ||||||||||||||||||
Net decrease | (579,290 | ) | $(9,511,643 | ) | (1,058,859 | ) | $(17,117,726 | ) | ||||||||||||||||||
Class C shares | ||||||||||||||||||||||||||
Sold | 1,273,137 | $20,844,323 | 2,992,558 | $48,040,582 | ||||||||||||||||||||||
Distributions reinvested | — | — | 2,821,341 | 45,677,535 | ||||||||||||||||||||||
Repurchased | (8,617,912 | ) | (141,498,182 | ) | (12,237,423 | ) | (197,048,126 | ) | ||||||||||||||||||
Net decrease | (7,344,775 | ) | $(120,653,859 | ) | (6,423,524 | ) | $(103,330,009 | ) | ||||||||||||||||||
Class I shares | ||||||||||||||||||||||||||
Sold | 538,586 | $8,765,035 | 1,890,472 | $30,401,836 | ||||||||||||||||||||||
Distributions reinvested | — | — | 186,006 | 2,989,115 | ||||||||||||||||||||||
Repurchased | (611,621 | ) | (9,988,962 | ) | (837,229 | ) | (13,601,187 | ) | ||||||||||||||||||
Net increase (decrease) | (73,035 | ) | $(1,223,927 | ) | 1,239,249 | $19,789,764 | ||||||||||||||||||||
Class R1 shares | ||||||||||||||||||||||||||
Sold | 69,955 | $1,155,812 | 207,327 | $3,319,334 | ||||||||||||||||||||||
Distributions reinvested | — | — | 77,057 | 1,251,404 | ||||||||||||||||||||||
Repurchased | (152,829 | ) | (2,512,535 | ) | (344,535 | ) | (5,595,453 | ) | ||||||||||||||||||
Net decrease | (82,874 | ) | $(1,356,723 | ) | (60,151 | ) | $(1,024,715 | ) | ||||||||||||||||||
Class R2 shares | ||||||||||||||||||||||||||
Sold | 194,630 | $3,219,692 | 309,784 | $4,884,745 | ||||||||||||||||||||||
Distributions reinvested | — | — | 43,353 | 695,821 | ||||||||||||||||||||||
Repurchased | (92,267 | ) | (1,514,130 | ) | (770,210 | ) | (12,283,948 | ) | ||||||||||||||||||
Net increase (decrease) | 102,363 | $1,705,562 | (417,073 | ) | $(6,703,382 | ) | ||||||||||||||||||||
Class R3 shares | ||||||||||||||||||||||||||
Sold | 75,904 | $1,240,018 | 422,222 | $7,134,166 | ||||||||||||||||||||||
Distributions reinvested | — | — | 67,853 | 1,094,475 | ||||||||||||||||||||||
Repurchased | (136,248 | ) | (2,241,134 | ) | (540,507 | ) | (8,748,630 | ) | ||||||||||||||||||
Net decrease | (60,344 | ) | $(1,001,116 | ) | (50,432 | ) | $(519,989 | ) | ||||||||||||||||||
Class R4 shares | ||||||||||||||||||||||||||
Sold | 26,029 | $425,672 | 181,095 | $3,033,575 | ||||||||||||||||||||||
Distributions reinvested | — | — | 57,363 | 925,832 | ||||||||||||||||||||||
Repurchased | (186,591 | ) | (3,087,990 | ) | (557,213 | ) | (9,010,011 | ) | ||||||||||||||||||
Net decrease | (160,562 | ) | $(2,662,318 | ) | (318,755 | ) | $(5,050,604 | ) | ||||||||||||||||||
Class R5 shares | ||||||||||||||||||||||||||
Sold | 92,025 | $1,513,443 | 355,760 | $5,768,965 | ||||||||||||||||||||||
Distributions reinvested | — | — | 109,917 | 1,777,353 | ||||||||||||||||||||||
Repurchased | (425,247 | ) | (6,886,292 | ) | (573,327 | ) | (9,414,525 | ) | ||||||||||||||||||
Net decrease | (333,222 | ) | $(5,372,849 | ) | (107,650 | ) | $(1,868,207 | ) | ||||||||||||||||||
Class R6 shares | ||||||||||||||||||||||||||
Sold | 1,065,480 | $17,188,909 | 2,815,654 | $46,447,644 | ||||||||||||||||||||||
Distributions reinvested | — | — | 401,253 | 6,452,149 | ||||||||||||||||||||||
Repurchased | (522,527 | ) | (8,508,020 | ) | (1,151,118 | ) | (18,238,042 | ) | ||||||||||||||||||
Net increase | 542,953 | $8,680,889 | 2,065,789 | $34,661,751 |
Six months ended 6-30-18 | Year ended 12-31-17 | |||||||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||||||||
Class 1 shares | ||||||||||||||||||||||||||
Sold | 651,979 | $10,647,119 | 1,429,243 | $22,735,451 | ||||||||||||||||||||||
Distributions reinvested | — | — | 52,095,661 | 837,698,231 | ||||||||||||||||||||||
Repurchased | (42,402,158 | ) | (691,479,204 | ) | (101,889,364 | ) | (1,651,200,932 | ) | ||||||||||||||||||
Net decrease | (41,750,179 | ) | $(680,832,085 | ) | (48,364,460 | ) | $(790,767,250 | ) | ||||||||||||||||||
Class 5 shares | ||||||||||||||||||||||||||
Sold | 533,956 | $8,755,764 | 951,268 | $15,271,925 | ||||||||||||||||||||||
Distributions reinvested | — | — | 1,625,782 | 26,110,053 | ||||||||||||||||||||||
Repurchased | (275,671 | ) | (4,471,472 | ) | (647,517 | ) | (10,548,591 | ) | ||||||||||||||||||
Net increase | 258,285 | $4,284,292 | 1,929,533 | $30,833,387 | ||||||||||||||||||||||
Total net decrease | (50,160,515 | ) | $(818,616,614 | ) | (52,634,970 | ) | $(856,881,292 | ) |
Multimanager Lifestyle Balanced Portfolio
Six months ended 6-30-18 | Year ended 12-31-17 | |||||||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||||||||
Class A shares | ||||||||||||||||||||||||||
Sold | 10,083,589 | $155,438,979 | 17,131,269 | $263,047,925 | ||||||||||||||||||||||
Distributions reinvested | 467,453 | 7,108,157 | 8,343,537 | 127,664,279 | ||||||||||||||||||||||
Repurchased | (11,647,509 | ) | (179,208,021 | ) | (29,466,158 | ) | (451,038,779 | ) | ||||||||||||||||||
Net decrease | (1,096,467 | ) | $(16,660,885 | ) | (3,991,352 | ) | $(60,326,575 | ) | ||||||||||||||||||
Class B shares | ||||||||||||||||||||||||||
Sold | 12,332 | $189,829 | 16,349 | $251,046 | ||||||||||||||||||||||
Distributions reinvested | 1,651 | 25,091 | 189,939 | 2,902,963 | ||||||||||||||||||||||
Repurchased | (646,963 | ) | (9,945,812 | ) | (1,281,000 | ) | (19,654,113 | ) | ||||||||||||||||||
Net decrease | (632,980 | ) | $(9,730,892 | ) | (1,074,712 | ) | $(16,500,104 | ) | ||||||||||||||||||
Class C shares | ||||||||||||||||||||||||||
Sold | 1,319,142 | $20,311,452 | 2,847,965 | $43,610,005 | ||||||||||||||||||||||
Distributions reinvested | 27,077 | 411,848 | 2,967,164 | 45,407,794 | ||||||||||||||||||||||
Repurchased | (9,405,037 | ) | (144,735,555 | ) | (14,183,453 | ) | (217,530,769 | ) | ||||||||||||||||||
Net decrease | (8,058,818 | ) | $(124,012,255 | ) | (8,368,324 | ) | $(128,512,970 | ) | ||||||||||||||||||
Class I shares | ||||||||||||||||||||||||||
Sold | 713,560 | $10,920,795 | 2,581,334 | $39,547,914 | ||||||||||||||||||||||
Distributions reinvested | 15,218 | 230,038 | 200,493 | 3,050,707 | ||||||||||||||||||||||
Repurchased | (657,592 | ) | (10,046,549 | ) | (1,024,366 | ) | (15,696,069 | ) | ||||||||||||||||||
Net increase | 71,186 | $1,104,284 | 1,757,461 | $26,902,552 | ||||||||||||||||||||||
Class R1 shares | ||||||||||||||||||||||||||
Sold | 96,530 | $1,475,119 | 312,969 | $4,720,455 | ||||||||||||||||||||||
Distributions reinvested | 1,746 | 26,430 | 55,706 | 848,312 | ||||||||||||||||||||||
Repurchased | (135,851 | ) | (2,090,359 | ) | (384,680 | ) | (5,843,892 | ) | ||||||||||||||||||
Net decrease | (37,575 | ) | $(588,810 | ) | (16,005 | ) | $(275,125 | ) | ||||||||||||||||||
Class R2 shares | ||||||||||||||||||||||||||
Sold | 176,404 | $2,741,600 | 314,730 | $4,778,514 | ||||||||||||||||||||||
Distributions reinvested | 1,956 | 29,571 | 31,619 | 481,011 | ||||||||||||||||||||||
Repurchased | (108,471 | ) | (1,675,436 | ) | (513,861 | ) | (7,740,860 | ) | ||||||||||||||||||
Net increase (decrease) | 69,889 | $1,095,735 | (167,512 | ) | $(2,481,335 | ) | ||||||||||||||||||||
Class R3 shares | ||||||||||||||||||||||||||
Sold | 147,447 | $2,251,740 | 592,798 | $9,367,871 | ||||||||||||||||||||||
Distributions reinvested | 3,123 | 47,372 | 78,138 | 1,192,000 | ||||||||||||||||||||||
Repurchased | (153,606 | ) | (2,350,146 | ) | (1,019,609 | ) | (15,605,771 | ) | ||||||||||||||||||
Net decrease | (3,036 | ) | $(51,034 | ) | (348,673 | ) | $(5,045,900 | ) |
Six months ended 6-30-18 | Year ended 12-31-17 | |||||||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||||||||
Class R4 shares | ||||||||||||||||||||||||||
Sold | 74,478 | $1,138,105 | 233,604 | $3,561,182 | ||||||||||||||||||||||
Distributions reinvested | 3,611 | 54,800 | 64,351 | 982,571 | ||||||||||||||||||||||
Repurchased | (180,663 | ) | (2,816,439 | ) | (869,858 | ) | (13,436,185 | ) | ||||||||||||||||||
Net decrease | (102,574 | ) | $(1,623,534 | ) | (571,903 | ) | $(8,892,432 | ) | ||||||||||||||||||
Class R5 shares | ||||||||||||||||||||||||||
Sold | 154,675 | $2,378,216 | 420,562 | $6,472,850 | ||||||||||||||||||||||
Distributions reinvested | 6,274 | 95,336 | 91,468 | 1,398,996 | ||||||||||||||||||||||
Repurchased | (288,049 | ) | (4,445,842 | ) | (457,341 | ) | (7,058,888 | ) | ||||||||||||||||||
Net increase (decrease) | (127,100 | ) | $(1,972,290 | ) | 54,689 | $812,958 | ||||||||||||||||||||
Class R6 shares | ||||||||||||||||||||||||||
Sold | 965,173 | $14,640,312 | 3,024,727 | $47,044,927 | ||||||||||||||||||||||
Distributions reinvested | 30,110 | 454,962 | 341,326 | 5,189,355 | ||||||||||||||||||||||
Repurchased | (602,580 | ) | (9,204,166 | ) | (1,678,034 | ) | (25,532,920 | ) | ||||||||||||||||||
Net increase | 392,703 | $5,891,108 | 1,688,019 | $26,701,362 | ||||||||||||||||||||||
Class 1 shares | ||||||||||||||||||||||||||
Sold | 573,040 | $8,799,915 | 2,759,688 | $42,257,757 | ||||||||||||||||||||||
Distributions reinvested | 3,526,278 | 53,267,095 | 48,413,429 | 736,131,599 | ||||||||||||||||||||||
Repurchased | (44,882,032 | ) | (686,352,553 | ) | (111,555,142 | ) | (1,708,781,600 | ) | ||||||||||||||||||
Net decrease | (40,782,714 | ) | $(624,285,543 | ) | (60,382,025 | ) | $(930,392,244 | ) | ||||||||||||||||||
Class 5 shares | ||||||||||||||||||||||||||
Sold | 297,015 | $4,548,428 | 399,935 | $6,136,748 | ||||||||||||||||||||||
Distributions reinvested | 64,873 | 980,606 | 803,817 | 12,230,089 | ||||||||||||||||||||||
Repurchased | (381,642 | ) | (5,847,927 | ) | (923,929 | ) | (14,176,911 | ) | ||||||||||||||||||
Net increase (decrease) | (19,754 | ) | $(318,893 | ) | 279,823 | $4,189,926 | ||||||||||||||||||||
Total net decrease | (50,327,240 | ) | $(771,153,009 | ) | (71,140,514 | ) | $(1,093,819,887 | ) |
Multimanager Lifestyle Moderate Portfolio
Six months ended 6-30-18 | Year ended 12-31-17 | |||||||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||||||||
Class A shares | ||||||||||||||||||||||||||
Sold | 3,951,715 | $54,536,616 | 8,789,068 | $123,137,817 | ||||||||||||||||||||||
Distributions reinvested | 296,331 | 4,042,191 | 2,931,465 | 40,629,430 | ||||||||||||||||||||||
Repurchased | (5,125,758 | ) | (70,733,795 | ) | (12,766,591 | ) | (178,192,591 | ) | ||||||||||||||||||
Net decrease | (877,712 | ) | $(12,154,988 | ) | (1,046,058 | ) | $(14,425,344 | ) | ||||||||||||||||||
Class B shares | ||||||||||||||||||||||||||
Sold | 6,897 | $94,744 | 15,356 | $210,668 | ||||||||||||||||||||||
Distributions reinvested | 2,949 | 40,158 | 70,758 | 978,476 | ||||||||||||||||||||||
Repurchased | (274,754 | ) | (3,796,264 | ) | (545,365 | ) | (7,628,688 | ) | ||||||||||||||||||
Net decrease | (264,908 | ) | $(3,661,362 | ) | (459,251 | ) | $(6,439,544 | ) | ||||||||||||||||||
Class C shares | ||||||||||||||||||||||||||
Sold | 601,230 | $8,306,320 | 1,329,883 | $18,567,591 | ||||||||||||||||||||||
Distributions reinvested | 48,826 | 665,874 | 1,135,537 | 15,724,675 | ||||||||||||||||||||||
Repurchased | (4,170,179 | ) | (57,447,975 | ) | (7,471,515 | ) | (104,498,128 | ) | ||||||||||||||||||
Net decrease | (3,520,123 | ) | $(48,475,781 | ) | (5,006,095 | ) | $(70,205,862 | ) | ||||||||||||||||||
Class I shares | ||||||||||||||||||||||||||
Sold | 249,362 | $3,417,056 | 1,008,829 | $14,041,839 | ||||||||||||||||||||||
Distributions reinvested | 6,295 | 85,566 | 55,646 | 767,942 | ||||||||||||||||||||||
Repurchased | (351,211 | ) | (4,841,773 | ) | (423,057 | ) | (5,899,022 | ) | ||||||||||||||||||
Net increase (decrease) | (95,554 | ) | $(1,339,151 | ) | 641,418 | $8,910,759 |
Six months ended 6-30-18 | Year ended 12-31-17 | |||||||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||||||||
Class R1 shares | ||||||||||||||||||||||||||
Sold | 33,967 | $465,906 | 96,322 | $1,336,115 | ||||||||||||||||||||||
Distributions reinvested | 1,521 | 20,716 | 20,474 | 283,026 | ||||||||||||||||||||||
Repurchased | (51,401 | ) | (704,079 | ) | (206,501 | ) | (2,853,837 | ) | ||||||||||||||||||
Net decrease | (15,913 | ) | $(217,457 | ) | (89,705 | ) | $(1,234,696 | ) | ||||||||||||||||||
Class R2 shares | ||||||||||||||||||||||||||
Sold | 51,368 | $710,750 | 174,742 | $2,409,926 | ||||||||||||||||||||||
Distributions reinvested | 1,276 | 17,343 | 13,221 | 182,765 | ||||||||||||||||||||||
Repurchased | (25,519 | ) | (351,369 | ) | (408,144 | ) | (5,691,898 | ) | ||||||||||||||||||
Net increase (decrease) | 27,125 | $376,724 | (220,181 | ) | $(3,099,207 | ) | ||||||||||||||||||||
Class R3 shares | ||||||||||||||||||||||||||
Sold | 59,099 | $815,797 | 180,953 | $2,583,411 | ||||||||||||||||||||||
Distributions reinvested | 2,155 | 29,322 | 27,161 | 375,368 | ||||||||||||||||||||||
Repurchased | (115,683 | ) | (1,587,992 | ) | (311,289 | ) | (4,303,484 | ) | ||||||||||||||||||
Net decrease | (54,429 | ) | $(742,873 | ) | (103,175 | ) | $(1,344,705 | ) | ||||||||||||||||||
Class R4 shares | ||||||||||||||||||||||||||
Sold | 28,759 | $394,497 | 151,489 | $2,123,279 | ||||||||||||||||||||||
Distributions reinvested | 2,465 | 33,492 | 24,489 | 338,261 | ||||||||||||||||||||||
Repurchased | (41,004 | ) | (564,959 | ) | (432,763 | ) | (6,123,485 | ) | ||||||||||||||||||
Net decrease | (9,780 | ) | $(136,970 | ) | (256,785 | ) | $(3,661,945 | ) | ||||||||||||||||||
Class R5 shares | ||||||||||||||||||||||||||
Sold | 38,351 | $527,841 | 170,056 | $2,379,183 | ||||||||||||||||||||||
Distributions reinvested | 5,238 | 71,257 | 44,247 | 611,345 | ||||||||||||||||||||||
Repurchased | (115,307 | ) | (1,575,456 | ) | (206,669 | ) | (2,897,287 | ) | ||||||||||||||||||
Net increase (decrease) | (71,718 | ) | $(976,358 | ) | 7,634 | $93,241 | ||||||||||||||||||||
Class R6 shares | ||||||||||||||||||||||||||
Sold | 376,393 | $5,146,731 | 705,875 | $9,868,960 | ||||||||||||||||||||||
Distributions reinvested | 15,394 | 209,071 | 119,324 | 1,646,556 | ||||||||||||||||||||||
Repurchased | (241,622 | ) | (3,319,201 | ) | (1,252,502 | ) | (17,547,735 | ) | ||||||||||||||||||
Net increase (decrease) | 150,165 | $2,036,601 | (427,303 | ) | $(6,032,219 | ) | ||||||||||||||||||||
Class 1 shares | ||||||||||||||||||||||||||
Sold | 1,960,845 | $26,974,158 | 1,234,967 | $17,288,322 | ||||||||||||||||||||||
Distributions reinvested | 1,477,370 | 20,097,132 | 12,637,330 | 174,608,608 | ||||||||||||||||||||||
Repurchased | (14,322,438 | ) | (196,983,391 | ) | (33,947,036 | ) | (474,087,600 | ) | ||||||||||||||||||
Net decrease | (10,884,223 | ) | $(149,912,101 | ) | (20,074,739 | ) | $(282,190,670 | ) | ||||||||||||||||||
Class 5 shares | ||||||||||||||||||||||||||
Sold | 112,792 | $1,546,910 | 372,117 | $5,184,343 | ||||||||||||||||||||||
Distributions reinvested | 36,166 | 491,244 | 289,965 | 4,003,261 | ||||||||||||||||||||||
Repurchased | (300,263 | ) | (4,152,280 | ) | (429,047 | ) | (6,006,780 | ) | ||||||||||||||||||
Net increase (decrease) | (151,305 | ) | $(2,114,126 | ) | 233,035 | $3,180,824 | ||||||||||||||||||||
Total net decrease | (15,768,375 | ) | $(217,317,842 | ) | (26,801,205 | ) | $(376,449,368 | ) |
Multimanager Lifestyle Conservative Portfolio
Six months ended 6-30-18 | Year ended 12-31-17 | |||||||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||||||||
Class A shares | ||||||||||||||||||||||||||
Sold | 3,811,174 | $49,304,357 | 9,427,193 | $122,760,783 | ||||||||||||||||||||||
Distributions reinvested | 348,998 | 4,469,642 | 1,462,009 | 19,077,400 | ||||||||||||||||||||||
Repurchased | (5,750,772 | ) | (74,416,606 | ) | (12,270,255 | ) | (159,711,625 | ) | ||||||||||||||||||
Net decrease | (1,590,600 | ) | $(20,642,607 | ) | (1,381,053 | ) | $(17,873,442 | ) |
Six months ended 6-30-18 | Year ended 12-31-17 | |||||||||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||||||||
Class B shares | ||||||||||||||||||||||||||
Sold | 18,867 | $243,484 | 19,696 | $256,259 | ||||||||||||||||||||||
Distributions reinvested | 4,223 | 54,059 | 30,473 | 397,788 | ||||||||||||||||||||||
Repurchased | (285,129 | ) | (3,691,008 | ) | (576,101 | ) | (7,511,063 | ) | ||||||||||||||||||
Net decrease | (262,039 | ) | $(3,393,465 | ) | (525,932 | ) | $(6,857,016 | ) | ||||||||||||||||||
Class C shares | ||||||||||||||||||||||||||
Sold | 585,695 | $7,584,497 | 1,579,318 | $20,573,457 | ||||||||||||||||||||||
Distributions reinvested | 65,572 | 838,969 | 444,969 | 5,808,094 | ||||||||||||||||||||||
Repurchased | (3,819,725 | ) | (49,323,924 | ) | (6,635,568 | ) | (86,483,398 | ) | ||||||||||||||||||
Net decrease | (3,168,458 | ) | $(40,900,458 | ) | (4,611,281 | ) | $(60,101,847 | ) | ||||||||||||||||||
Class I shares | ||||||||||||||||||||||||||
Sold | 360,947 | $4,651,815 | 694,997 | $9,009,024 | ||||||||||||||||||||||
Distributions reinvested | 9,769 | 124,946 | 37,733 | 491,323 | ||||||||||||||||||||||
Repurchased | (377,437 | ) | (4,889,187 | ) | (494,484 | ) | (6,413,392 | ) | ||||||||||||||||||
Net increase (decrease) | (6,721 | ) | $(112,426 | ) | 238,246 | $3,086,955 | ||||||||||||||||||||
Class R1 shares | ||||||||||||||||||||||||||
Sold | 107,342 | $1,383,980 | 192,017 | $2,485,272 | ||||||||||||||||||||||
Distributions reinvested | 3,075 | 39,334 | 13,009 | 169,665 | ||||||||||||||||||||||
Repurchased | (62,758 | ) | (809,330 | ) | (435,045 | ) | (5,615,254 | ) | ||||||||||||||||||
Net increase (decrease) | 47,659 | $613,984 | (230,019 | ) | $(2,960,317 | ) | ||||||||||||||||||||
Class R2 shares | ||||||||||||||||||||||||||
Sold | 120,785 | $1,578,932 | 146,463 | $1,915,979 | ||||||||||||||||||||||
Distributions reinvested | 1,536 | 19,646 | 4,259 | 55,505 | ||||||||||||||||||||||
Repurchased | (21,571 | ) | (281,861 | ) | (343,515 | ) | (4,469,196 | ) | ||||||||||||||||||
Net increase (decrease) | 100,750 | $1,316,717 | (192,793 | ) | $(2,497,712 | ) | ||||||||||||||||||||
Class R3 shares | ||||||||||||||||||||||||||
Sold | 29,794 | $383,828 | 58,832 | $761,809 | ||||||||||||||||||||||
Distributions reinvested | 2,251 | 28,766 | 10,862 | 141,313 | ||||||||||||||||||||||
Repurchased | (69,546 | ) | (896,179 | ) | (195,489 | ) | (2,521,587 | ) | ||||||||||||||||||
Net decrease | (37,501 | ) | $(483,585 | ) | (125,795 | ) | $(1,618,465 | ) | ||||||||||||||||||
Class R4 shares | ||||||||||||||||||||||||||
Sold | 16,865 | $217,589 | 109,850 | $1,440,080 | ||||||||||||||||||||||
Distributions reinvested | 1,899 | 24,271 | 11,255 | 146,435 | ||||||||||||||||||||||
Repurchased | (124,710 | ) | (1,625,996 | ) | (274,952 | ) | (3,577,065 | ) | ||||||||||||||||||
Net decrease | (105,946 | ) | $(1,384,136 | ) | (153,847 | ) | $(1,990,550 | ) | ||||||||||||||||||
Class R5 shares | ||||||||||||||||||||||||||
Sold | 49,577 | $640,828 | 255,897 | $3,348,110 | ||||||||||||||||||||||
Distributions reinvested | 3,493 | 44,671 | 15,313 | 199,362 | ||||||||||||||||||||||
Repurchased | (48,517 | ) | (631,215 | ) | (476,382 | ) | (6,221,805 | ) | ||||||||||||||||||
Net increase (decrease) | 4,553 | $54,284 | (205,172 | ) | $(2,674,333 | ) | ||||||||||||||||||||
Class R6 shares | ||||||||||||||||||||||||||
Sold | 157,144 | $2,026,484 | 488,641 | $6,385,157 | ||||||||||||||||||||||
Distributions reinvested | 11,757 | 150,263 | 41,986 | 546,387 | ||||||||||||||||||||||
Repurchased | (199,589 | ) | (2,574,150 | ) | (408,238 | ) | (5,288,747 | ) | ||||||||||||||||||
Net increase (decrease) | (30,688 | ) | $(397,403 | ) | 122,389 | $1,642,797 | ||||||||||||||||||||
Class 1 shares | ||||||||||||||||||||||||||
Sold | 1,414,540 | $18,268,593 | 2,820,163 | $36,906,219 | ||||||||||||||||||||||
Distributions reinvested | 1,360,818 | 17,393,033 | 5,562,856 | 72,422,682 | ||||||||||||||||||||||
Repurchased | (14,161,031 | ) | (183,089,431 | ) | (31,030,758 | ) | (404,028,227 | ) | ||||||||||||||||||
Net decrease | (11,385,673 | ) | $(147,427,805 | ) | (22,647,739 | ) | $(294,699,326 | ) | ||||||||||||||||||
Total net decrease | (16,434,664 | ) | $(212,756,900 | ) | (29,712,996 | ) | $(386,543,256 | ) |
Affiliates of the portfolios owned 1% of Class R6 shares in Multimanager Lifestyle Balanced Portfolio and 2% of Class R6 shares in Multimanager Lifestyle Aggressive Portfolio, 100% of Class 1 shares in each of the portfolios and 100% of Class 5 shares of Multimanager Lifestyle Growth Portfolio, Multimanager Lifestyle Balanced
Portfolio and Multimanager Lifestyle Moderate Portfolio on June 30, 2018. Such concentration of shareholders' capital could have a material effect on the portfolio if such shareholders redeem from the portfolio.
Note 6 — Purchase and sale of securities
The following summarizes the purchases and sales of the underlying funds of the portfolios for the six months ended June 30, 2018:
Portfolio | Purchases | Sales |
Multimanager Lifestyle Aggressive Portfolio | $202,231,732 | $423,212,713 |
Multimanager Lifestyle Growth Portfolio | 558,902,183 | 1,343,351,510 |
Multimanager Lifestyle Balanced Portfolio | 541,954,313 | 1,377,806,615 |
Multimanager Lifestyle Moderate Portfolio | 160,898,950 | 399,285,562 |
Multimanager Lifestyle Conservative Portfolio | 115,930,921 | 346,425,394 |
Note 7 — Investment in affiliated underlying funds
The portfolios invest primarily in affiliated underlying funds that are managed by the Advisor and its affiliates. The portfolios do not invest in the affiliated underlying funds for the purpose of exercising management or control; however, a portfolio's investment may represent a significant portion of each underlying fund's net assets. At June 30, 2018, the following portfolios held 5% or more of the net assets of the underlying funds shown below:
Portfolio | Affiliated Class NAV | Percentage of underlying fund net assets | ||||||
Multimanager Lifestyle Aggressive Portfolio | ||||||||
JHF Global Focused Strategies Fund | 99.7% | |||||||
JHF II Technical Opportunities | 18.5% | |||||||
JHF II Health Sciences Fund | 17.9% | |||||||
JHF II International Strategic Equity Allocation Fund | 17.5% | |||||||
JHF II Small Cap Stock Fund | 17.0% | |||||||
JHF II Science & Technology Fund | 16.6% | |||||||
JHF Greater China Opportunities Fund | 16.6% | |||||||
JHF II Mid Value Fund | 16.0% | |||||||
JHF Value Equity Fund | 15.9% | |||||||
JHF Emerging Markets Equity Fund | 15.1% | |||||||
JHF II U.S. Strategic Equity Allocation Fund | 14.9% | |||||||
JHF II International Growth Stock Fund | 14.5% | |||||||
JHF II Emerging Markets Fund | 14.4% | |||||||
JHF II International Small Cap Fund | 13.9% | |||||||
JHF II Equity-Income Fund | 13.4% | |||||||
JHF II International Small Company Fund | 12.8% | |||||||
JHF II Small Company Value Fund | 12.7% | |||||||
JHF Diversified Real Assets Fund | 12.6% | |||||||
JHF II International Value Fund | 12.4% | |||||||
JHF III International Value Equity Fund | 12.0% | |||||||
JHF II Mid Cap Stock Fund | 11.9% | |||||||
JHF II Small Cap Growth Fund | 11.7% | |||||||
JHF II Small Cap Value Fund | 10.3% | |||||||
JHF II Capital Appreciation Value | 9.7% | |||||||
JHF II Global Equity Fund | 8.8% | |||||||
JHF Financial Industries Fund | 8.0% | |||||||
JHF II Capital Appreciation Fund | 7.8% | |||||||
JHF III Strategic Growth Fund | 7.7% | |||||||
JHF II Fundamental Global Franchise Fund | 7.6% | |||||||
JHF Small Cap Core Fund | 7.0% | |||||||
JHF II New Opportunities Fund | 6.5% | |||||||
Multimanager Lifestyle Growth Portfolio | ||||||||
JHF II Technical Opportunities | 44.2% | |||||||
JHF II International Strategic Equity Allocation Fund | 44.2% | |||||||
JHF II U.S. Strategic Equity Allocation Fund | 40.0% | |||||||
JHF Value Equity Fund | 38.5% | |||||||
JHF II International Growth Stock Fund | 38.3% | |||||||
JHF II Mid Value Fund | 37.9% | |||||||
JHF II Science & Technology Fund | 36.9% |
Portfolio | Affiliated Class NAV | Percentage of underlying fund net assets | ||||||
JHF II Health Sciences Fund | 36.1% | |||||||
JHF III International Value Equity Fund | 33.7% | |||||||
JHF II Small Cap Stock Fund | 32.8% | |||||||
JHF II Equity-Income Fund | 32.4% | |||||||
JHF Diversified Real Assets Fund | 31.8% | |||||||
JHF II International Small Cap Fund | 31.5% | |||||||
JHF II Capital Appreciation Value | 29.5% | |||||||
JHF II International Small Company Fund | 29.3% | |||||||
JHF Emerging Markets Equity Fund | 29.2% | |||||||
JHF II International Value Fund | 28.1% | |||||||
JHF II Emerging Markets Fund | 27.8% | |||||||
JHF II Mid Cap Stock Fund | 27.6% | |||||||
JHF II Global Equity Fund | 26.9% | |||||||
JHF II Fundamental Global Franchise Fund | 26.7% | |||||||
JHF II Small Company Value Fund | 25.1% | |||||||
JHF II Small Cap Growth Fund | 22.6% | |||||||
JHF II Emerging Markets Debt Fund | 22.3% | |||||||
JHF Financial Industries Fund | 20.4% | |||||||
JHF II Small Cap Value Fund | 20.3% | |||||||
JHF Global Short Duration Credit Fund | 20.3% | |||||||
JHF II Asia Pacific Total Return Bond Fund | 20.1% | |||||||
JHF II Capital Appreciation Fund | 18.5% | |||||||
JHF III Strategic Growth Fund | 18.2% | |||||||
JHF II Spectrum Income Fund | 17.8% | |||||||
JHF II Real Return Bond Fund | 16.8% | |||||||
JHF Small Cap Core Fund | 15.7% | |||||||
JHF II U.S. High Yield Bond Fund | 14.7% | |||||||
JHF II New Opportunities Fund | 14.5% | |||||||
JHF II Short Duration Credit Opportunities Fund | 13.2% | |||||||
JHF II Global Bond Fund | 12.6% | |||||||
JHF II Floating Rate Income Fund | 12.1% | |||||||
JHF II Blue Chip Growth Fund | 11.3% | |||||||
JHF II Total Return Fund | 11.1% | |||||||
JHF II Absolute Return Currency Fund | 10.5% | |||||||
JHF II Short Term Government Income Fund | 8.1% | |||||||
JHF Fundamental Large Cap Core Fund | 8.0% | |||||||
JHF III Global Shareholder Yield Fund | 7.1% | |||||||
JHF Disciplined Value International Fund | 7.1% | |||||||
JHF II High Yield Fund | 6.6% | |||||||
JHF High Yield Fund | 6.4% | |||||||
JHF II Core Bond Fund | 6.4% | |||||||
Multimanager Lifestyle Balanced Portfolio | ||||||||
JHF Global Short Duration Credit Fund | 39.1% | |||||||
JHF II Spectrum Income Fund | 38.9% | |||||||
JHF II U.S. Strategic Equity Allocation Fund | 36.2% | |||||||
JHF II Emerging Markets Debt Fund | 35.8% | |||||||
JHF II Real Return Bond Fund | 34.1% | |||||||
JHF II Asia Pacific Total Return Bond Fund | 33.4% | |||||||
JHF II Short Duration Credit Opportunities Fund | 32.4% | |||||||
JHF II Fundamental Global Franchise Fund | 30.7% | |||||||
JHF II Capital Appreciation Value | 29.6% | |||||||
JHF II International Strategic Equity Allocation Fund | 28.7% | |||||||
JHF II U.S. High Yield Bond Fund | 28.4% | |||||||
JHF Value Equity Fund | 27.1% | |||||||
JHF Diversified Real Assets Fund | 25.8% | |||||||
JHF II Health Sciences Fund | 25.6% | |||||||
JHF II Total Return Fund | 25.5% |
Portfolio | Affiliated Class NAV | Percentage of underlying fund net assets | ||||||
JHF II Global Equity Fund | 25.4% | |||||||
JHF II Floating Rate Income Fund | 25.3% | |||||||
JHF II International Growth Stock Fund | 24.7% | |||||||
JHF II Small Cap Stock Fund | 24.5% | |||||||
JHF II Mid Value Fund | 24.3% | |||||||
JHF II Science & Technology Fund | 24.1% | |||||||
JHF II Equity-Income Fund | 22.9% | |||||||
JHF II Technical Opportunities | 22.1% | |||||||
JHF III International Value Equity Fund | 21.3% | |||||||
JHF II Global Bond Fund | 21.0% | |||||||
JHF II International Value Fund | 19.8% | |||||||
JHF II International Small Cap Fund | 19.3% | |||||||
JHF II Small Company Value Fund | 18.7% | |||||||
JHF Emerging Markets Equity Fund | 18.2% | |||||||
JHF II International Small Company Fund | 17.9% | |||||||
JHF II Mid Cap Stock Fund | 17.8% | |||||||
JHF II Emerging Markets Fund | 17.0% | |||||||
JHF II Small Cap Growth Fund | 16.6% | |||||||
JHF Financial Industries Fund | 16.4% | |||||||
JHF II Small Cap Value Fund | 15.3% | |||||||
JHF II Core Bond Fund | 14.5% | |||||||
JHF II Capital Appreciation Fund | 13.2% | |||||||
JHF III Strategic Growth Fund | 13.0% | |||||||
JHF II High Yield Fund | 12.6% | |||||||
JHF High Yield Fund | 12.4% | |||||||
JHF II Absolute Return Currency Fund | 11.3% | |||||||
JHF II Short Term Government Income Fund | 10.9% | |||||||
JHF Small Cap Core Fund | 8.8% | |||||||
JHF II New Opportunities Fund | 8.2% | |||||||
JHF II Blue Chip Growth Fund | 8.0% | |||||||
JHF II Strategic Income Opportunities Fund | 7.9% | |||||||
JHF III Global Shareholder Yield Fund | 6.8% | |||||||
JHF Bond Fund | 6.2% | |||||||
JHF Fundamental Large Cap Core Fund | 5.7% | |||||||
Multimanager Lifestyle Moderate Portfolio | ||||||||
JHF II Asia Pacific Total Return Bond Fund | 18.0% | |||||||
JHF II Global Bond Fund | 17.7% | |||||||
JHF II Core Bond Fund | 16.4% | |||||||
JHF Global Short Duration Credit Fund | 14.9% | |||||||
JHF II Emerging Markets Debt Fund | 14.0% | |||||||
JHF II Real Return Bond Fund | 14.0% | |||||||
JHF II Spectrum Income Fund | 13.8% | |||||||
JHF II Total Return Fund | 12.7% | |||||||
JHF II Short Duration Credit Opportunities Fund | 11.7% | |||||||
JHF Enduring Assets Fund | 11.3% | |||||||
JHF II U.S. High Yield Bond Fund | 11.0% | |||||||
JHF II Floating Rate Income Fund | 10.6% | |||||||
JHF II Fundamental Global Franchise Fund | 9.9% | |||||||
JHF II Capital Appreciation Value | 8.6% | |||||||
JHF II Global Equity Fund | 7.8% | |||||||
JHF II U.S. Strategic Equity Allocation Fund | 6.9% | |||||||
JHF II International Strategic Equity Allocation Fund | 6.5% | |||||||
JHF Diversified Real Assets Fund | 6.1% | |||||||
JHF II Small Cap Value Fund | 5.7% | |||||||
JHF II International Growth Stock Fund | 5.6% | |||||||
Multimanager Lifestyle Conservative Portfolio | ||||||||
JHF II Short Term Government Income Fund | 30.9% |
Portfolio | Affiliated Class NAV | Percentage of underlying fund net assets | ||||||
JHF Enduring Assets Fund | 29.0% | |||||||
JHF II Global Bond Fund | 19.9% | |||||||
JHF II Core Bond Fund | 15.0% | |||||||
JHF II Real Return Bond Fund | 14.7% | |||||||
JHF II Asia Pacific Total Return Bond Fund | 13.9% | |||||||
JHF II Total Return Fund | 11.7% | |||||||
JHF II Spectrum Income Fund | 11.5% | |||||||
JHF II Short Duration Credit Opportunities Fund | 11.4% | |||||||
JHF Global Short Duration Credit Fund | 11.0% | |||||||
JHF II Emerging Markets Debt Fund | 10.9% | |||||||
JHF II Floating Rate Income Fund | 10.1% | |||||||
JHF II U.S. High Yield Bond Fund | 7.0% | |||||||
JHF II Absolute Return Currency Fund | 5.1% |
Information regarding each portfolio's purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the portfolios from their investments in affiliated underlying funds during the period is as follows:
Dividends and distributions | |||||||||||||||||||||||||||||
Portfolio | Beginning share amount | Shares purchased | Shares sold | Ending share amount | Income distributions received | Capital gain distributions received | Realized gain (loss)* | Change in unrealized appreciation (depreciation) | Ending value | ||||||||||||||||||||
Multimanager Lifestyle Aggressive Portfolio | |||||||||||||||||||||||||||||
Absolute Return Currency | 3,845,473 | 496,229 | (1,059,102 | ) | 3,282,600 | — | — | ($450,965 | ) | ($2,192,040 | ) | $29,576,229 | |||||||||||||||||
Blue Chip Growth | 4,106,103 | — | (612,867 | ) | 3,493,236 | — | — | 3,550,500 | 13,421,302 | 141,476,047 | |||||||||||||||||||
Capital Appreciation | 9,045,651 | — | (1,305,819 | ) | 7,739,832 | — | — | 1,726,506 | 13,843,143 | 137,691,614 | |||||||||||||||||||
Capital Appreciation Value | 15,640,509 | — | (751,997 | ) | 14,888,512 | — | — | 51,921 | 4,317,669 | 174,344,477 | |||||||||||||||||||
Disciplined Value | 7,904,850 | — | (93,447 | ) | 7,811,403 | — | — | 18,833 | (3,685,376 | ) | 167,164,024 | ||||||||||||||||||
Disciplined Value International | 2,339,490 | 19,179 | (18,288 | ) | 2,340,381 | — | — | 3,848 | (1,566,615 | ) | 31,805,771 | ||||||||||||||||||
Diversified Real Assets | — | 14,409,712 | (1,909,144 | ) | 12,500,568 | — | — | (1,381 | ) | 7,042,543 | 132,881,033 | ||||||||||||||||||
Emerging Markets | 14,118,221 | 538,501 | (373,328 | ) | 14,283,394 | — | — | 543,564 | (14,255,101 | ) | 158,545,673 | ||||||||||||||||||
Emerging Markets Equity | 14,048,386 | 299,198 | (406,237 | ) | 13,941,347 | — | — | 471,017 | (9,838,665 | ) | 159,628,428 | ||||||||||||||||||
Equity Income | 10,891,023 | 153,088 | (316,295 | ) | 10,727,816 | $1,882,128 | — | (103,956 | ) | (2,797,549 | ) | 216,165,500 | |||||||||||||||||
Financial Industries | 3,756,721 | — | (150,607 | ) | 3,606,114 | — | — | 86,336 | (506,362 | ) | 71,328,937 | ||||||||||||||||||
Fundamental Global Franchise | 2,937,509 | 8,176 | (339,261 | ) | 2,606,424 | — | — | 302,296 | 88,611 | 32,997,329 | |||||||||||||||||||
Fundamental Large Cap Core | 3,673,868 | 50,395 | (135,018 | ) | 3,589,245 | — | — | (40,113 | ) | 1,799,515 | 184,702,547 | ||||||||||||||||||
Global Equity | 6,225,184 | 51,740 | (49,631 | ) | 6,227,293 | — | — | (17,940 | ) | (2,596,175 | ) | 70,119,323 | |||||||||||||||||
Global Focused Strategies | 4,786,311 | 80,725 | (733,222 | ) | 4,133,814 | — | — | (319,922 | ) | (1,218,486 | ) | 39,188,552 | |||||||||||||||||
Global Real Estate | 2,160,135 | 48,862 | (2,208,997 | ) | — | — | — | 5,876,921 | (6,720,705 | ) | — | ||||||||||||||||||
Global Shareholder Yield | 3,898,740 | 241,036 | (124,303 | ) | 4,015,473 | 899,046 | — | (15,106 | ) | (2,921,543 | ) | 44,290,660 | |||||||||||||||||
Greater China Opportunities | 683,212 | 16,503 | (310,290 | ) | 389,425 | — | — | 1,317,971 | (1,194,579 | ) | 9,871,930 | ||||||||||||||||||
Health Sciences | 13,229,069 | — | (1,380,676 | ) | 11,848,393 | — | — | (1,973,407 | ) | 6,339,960 | 54,858,059 | ||||||||||||||||||
International Growth | 5,093,219 | — | (294,768 | ) | 4,798,451 | — | — | 807,363 | 1,871,899 | 135,124,382 | |||||||||||||||||||
International Growth Stock | 8,369,711 | 18,338 | (122,846 | ) | 8,265,203 | — | — | 83,586 | (6,954,408 | ) | 110,257,805 | ||||||||||||||||||
International Small Cap | 3,795,091 | 19,557 | (196,451 | ) | 3,618,197 | — | — | 1,234,631 | (2,366,824 | ) | 80,360,161 | ||||||||||||||||||
International Small Company | 6,585,169 | 8,742 | (209,019 | ) | 6,384,892 | — | — | 886,162 | (3,241,513 | ) | 80,577,335 | ||||||||||||||||||
International Strategic Equity Allocation | 30,210,085 | 321,128 | (1,715,097 | ) | 28,816,116 | — | — | 443,247 | (13,682,972 | ) | 323,028,665 | ||||||||||||||||||
International Value | 8,587,823 | 87,111 | (263,464 | ) | 8,411,470 | — | — | 332,756 | (5,346,770 | ) | 139,125,722 |
Dividends and distributions | |||||||||||||||||||||||||||||
Portfolio | Beginning share amount | Shares purchased | Shares sold | Ending share amount | Income distributions received | Capital gain distributions received | Realized gain (loss)* | Change in unrealized appreciation (depreciation) | Ending value | ||||||||||||||||||||
International Value Equity | 9,094,914 | 187,358 | (286,204 | ) | 8,996,068 | — | — | $41,100 | ($3,070,731 | ) | $75,207,130 | ||||||||||||||||||
Mid Cap Stock | 8,795,055 | — | (1,059,358 | ) | 7,735,697 | — | — | 2,049,733 | 20,628,912 | 188,054,788 | |||||||||||||||||||
Mid Value | 13,385,781 | 353,648 | (244,803 | ) | 13,494,626 | — | — | (22,605 | ) | 6,974,770 | 226,844,662 | ||||||||||||||||||
Natural Resources | 5,012,980 | 66,796 | (5,079,776 | ) | — | — | — | (2,139,173 | ) | 994,389 | — | ||||||||||||||||||
New Opportunities | 1,330,077 | — | (71,050 | ) | 1,259,027 | — | — | (21,519 | ) | 2,366,077 | 38,198,879 | ||||||||||||||||||
Real Estate Equity | 2,079,084 | 173,227 | (2,252,311 | ) | — | — | — | 3,903,059 | (5,669,170 | ) | — | ||||||||||||||||||
Science & Technology | 9,206,860 | 4,515 | (2,042,424 | ) | 7,168,951 | — | — | (9,168,092 | ) | 15,484,408 | 40,934,711 | ||||||||||||||||||
Seaport | 1,548,162 | 10,741 | (86,787 | ) | 1,472,116 | — | — | 24,907 | 227,934 | 16,841,012 | |||||||||||||||||||
Small Cap Core | 3,009,562 | 10,045 | (35,354 | ) | 2,984,253 | — | — | (47,154 | ) | 50,690 | 37,601,589 | ||||||||||||||||||
Small Cap Growth | 1,871,984 | 404,231 | (58,372 | ) | 2,217,843 | — | $7,037,639 | (173,062 | ) | (5,302,124 | ) | 39,566,311 | |||||||||||||||||
Small Cap Stock | 3,879,758 | — | (370,665 | ) | 3,509,093 | — | — | 471,336 | 3,747,771 | 39,056,207 | |||||||||||||||||||
Small Cap Value | 2,528,648 | 37,389 | (115,793 | ) | 2,450,244 | — | — | (88,924 | ) | 2,077,106 | 53,464,324 | ||||||||||||||||||
Small Company Value | 1,253,623 | — | (34,975 | ) | 1,218,648 | — | — | (94,339 | ) | 1,264,613 | 35,803,877 | ||||||||||||||||||
Strategic Growth | 8,339,794 | — | (942,648 | ) | 7,397,146 | — | — | 1,086,252 | 11,430,752 | 141,063,580 | |||||||||||||||||||
Technical Opportunities | 8,204,066 | — | (1,188,921 | ) | 7,015,145 | — | — | 1,172,895 | 5,471,569 | 91,407,334 | |||||||||||||||||||
U.S. Strategic Equity Allocation | 24,164,352 | 527,527 | (3,612,488 | ) | 21,079,391 | — | — | 4,152,149 | 5,853,677 | 259,276,510 | |||||||||||||||||||
Value Equity | 8,019,069 | 98,085 | (233,671 | ) | 7,883,483 | — | — | 10,766 | (1,081,560 | ) | 96,257,332 | ||||||||||||||||||
$2,781,174 | $7,037,639 | $15,971,997 | $29,088,042 | $4,104,688,449 | |||||||||||||||||||||||||
Multimanager Lifestyle Growth Portfolio | |||||||||||||||||||||||||||||
Absolute Return Currency | 21,149,186 | 1,189,853 | (4,220,337 | ) | 18,118,702 | — | — | ($2,333,227 | ) | ($12,188,328 | ) | $163,249,504 | |||||||||||||||||
Asia Pacific Total Return Bond | 7,950,902 | 83,011 | (562,328 | ) | 7,471,585 | — | — | (197,411 | ) | (1,842,919 | ) | 70,531,764 | |||||||||||||||||
Blue Chip Growth | 9,932,591 | 46,989 | (1,654,572 | ) | 8,325,008 | — | — | 11,669,580 | 29,313,516 | 337,162,832 | |||||||||||||||||||
Bond | 21,811,661 | 504,753 | (1,309,500 | ) | 21,006,914 | $6,042,751 | — | (603,206 | ) | (11,018,319 | ) | 323,086,337 | |||||||||||||||||
Capital Appreciation | 21,999,975 | 119,901 | (3,736,800 | ) | 18,383,076 | — | — | 4,953,049 | 32,935,903 | 327,034,915 | |||||||||||||||||||
Capital Appreciation Value | 48,148,635 | 180,232 | (2,989,140 | ) | 45,339,727 | — | — | 372,572 | 13,148,521 | 530,928,205 | |||||||||||||||||||
Core Bond | 9,267,370 | 155,904 | (555,888 | ) | 8,867,386 | 1,086,958 | — | (320,659 | ) | (2,967,174 | ) | 111,463,039 | |||||||||||||||||
Disciplined Value | 19,278,039 | 13,228 | (395,135 | ) | 18,896,132 | — | — | 216,116 | (8,933,706 | ) | 404,377,217 | ||||||||||||||||||
Disciplined Value International | 5,477,191 | 21,266 | (112,563 | ) | 5,385,894 | — | — | 51,739 | (3,660,489 | ) | 73,194,298 | ||||||||||||||||||
Diversified Real Assets | — | 34,644,926 | (3,143,948 | ) | 31,500,978 | — | — | 294,344 | 17,850,342 | 334,855,395 | |||||||||||||||||||
Emerging Markets | 27,738,584 | 689,256 | (830,155 | ) | 27,597,685 | — | — | 5,553,102 | (31,982,544 | ) | 306,334,300 | ||||||||||||||||||
Emerging Markets Debt | 19,205,787 | 3,381,891 | (1,051,534 | ) | 21,536,144 | 4,440,343 | — | (581,370 | ) | (15,656,117 | ) | 192,748,490 | |||||||||||||||||
Emerging Markets Equity | 27,601,377 | 305,196 | (910,849 | ) | 26,995,724 | — | — | 1,433,577 | (19,492,038 | ) | 309,101,036 | ||||||||||||||||||
Equity Income | 26,546,168 | 255,588 | (810,893 | ) | 25,990,863 | 4,542,311 | — | (209,472 | ) | (6,849,365 | ) | 523,715,898 | |||||||||||||||||
Financial Industries | 9,721,292 | 7,143 | (523,610 | ) | 9,204,825 | — | — | 371,719 | (1,292,340 | ) | 182,071,447 | ||||||||||||||||||
Floating Rate Income | 19,968,624 | 445,302 | (2,124,835 | ) | 18,289,091 | 3,783,842 | — | (298,160 | ) | (626,944 | ) | 153,994,150 | |||||||||||||||||
Fundamental Global Franchise | 10,182,177 | 55,798 | (1,042,451 | ) | 9,195,524 | — | — | 541,785 | 737,177 | 116,415,340 | |||||||||||||||||||
Fundamental Large Cap Core | 8,138,460 | 24,568 | (360,970 | ) | 7,802,058 | — | — | 255,867 | 3,612,259 | 401,493,880 | |||||||||||||||||||
Global Absolute Return Strategies | 19,924,399 | 106,489 | (3,578,486 | ) | 16,452,402 | — | — | (2,906,541 | ) | (4,630,323 | ) | 166,827,351 | |||||||||||||||||
Global Bond | 3,015,918 | 62,760 | (306,678 | ) | 2,772,000 | — | — | 146,786 | (352,512 | ) | 35,259,834 | ||||||||||||||||||
Global Equity | 19,121,647 | 150,338 | (328,506 | ) | 18,943,479 | — | — | 98,501 | (7,929,196 | ) | 213,303,577 | ||||||||||||||||||
Global Income | 4,656,364 | 106,457 | (4,762,821 | ) | — | 972,125 | — | (2,870,712 | ) | 858,585 | — | ||||||||||||||||||
Global Real Estate | 6,520,139 | — | (6,520,139 | ) | — | — | — | 27,483,000 | (30,051,419 | ) | — | ||||||||||||||||||
Global Shareholder Yield | 14,243,604 | 500,112 | (214,302 | ) | 14,529,414 | 3,226,979 | — | (42,085 | ) | (10,674,186 | ) | 160,259,442 | |||||||||||||||||
Global Short Duration Credit | 6,104,801 | 1,215,280 | (635,668 | ) | 6,684,413 | 1,384,181 | — | (653,454 | ) | (1,342,814 | ) | 58,822,838 | |||||||||||||||||
Health Sciences | 27,020,669 | 424,468 | (3,571,533 | ) | 23,873,604 | — | — | (1,400,464 | ) | 10,371,041 | 110,534,787 |
Dividends and distributions | |||||||||||||||||||||||||||||
Portfolio | Beginning share amount | Shares purchased | Shares sold | Ending share amount | Income distributions received | Capital gain distributions received | Realized gain (loss)* | Change in unrealized appreciation (depreciation) | Ending value | ||||||||||||||||||||
High Yield (JHAM) | 17,089,734 | 473,060 | (1,539,154 | ) | 16,023,640 | $1,636,372 | — | ($639,741 | ) | ($1,030,686 | ) | $54,480,375 | |||||||||||||||||
High Yield (WAMCO) | 3,736,561 | 103,909 | (352,180 | ) | 3,488,290 | 824,532 | — | 306,516 | (1,026,217 | ) | 27,627,259 | ||||||||||||||||||
International Growth | 11,664,145 | — | (838,750 | ) | 10,825,395 | — | — | 2,540,536 | 3,824,987 | 304,843,121 | |||||||||||||||||||
International Growth Stock | 22,345,837 | 35,399 | (582,434 | ) | 21,798,802 | — | — | 971,698 | (18,973,657 | ) | 290,796,015 | ||||||||||||||||||
International Small Cap | 8,734,499 | — | (524,076 | ) | 8,210,423 | — | — | 3,408,685 | (5,801,487 | ) | 182,353,489 | ||||||||||||||||||
International Small Company | 15,155,935 | 31,081 | (639,605 | ) | 14,547,411 | — | — | 2,668,617 | (7,962,686 | ) | 183,588,322 | ||||||||||||||||||
International Strategic Equity Allocation | 77,174,085 | 272,017 | (4,517,286 | ) | 72,928,816 | — | — | 1,966,669 | (35,230,191 | ) | 817,532,026 | ||||||||||||||||||
International Value | 19,713,545 | 171,085 | (792,569 | ) | 19,092,061 | — | — | 1,310,151 | (12,721,999 | ) | 315,782,690 | ||||||||||||||||||
International Value Equity | 25,842,009 | 104,522 | (819,954 | ) | 25,126,577 | — | — | 160,267 | (8,633,941 | ) | 210,058,180 | ||||||||||||||||||
Mid Cap Stock | 20,766,525 | 116,343 | (2,889,926 | ) | 17,992,942 | — | — | 6,598,670 | 46,665,578 | 437,408,410 | |||||||||||||||||||
Mid Value | 31,595,038 | 1,405,692 | (1,101,719 | ) | 31,899,011 | — | — | (110,225 | ) | 16,259,532 | 536,222,379 | ||||||||||||||||||
Natural Resources | 11,462,991 | — | (11,462,991 | ) | — | — | — | (6,730,432 | ) | 4,124,828 | — | ||||||||||||||||||
New Opportunities | 3,001,738 | 44,921 | (218,231 | ) | 2,828,428 | — | — | 27,256 | 5,222,376 | 85,814,512 | |||||||||||||||||||
Real Estate Equity | 6,285,370 | — | (6,285,370 | ) | — | — | — | 28,170,611 | (33,367,573 | ) | — | ||||||||||||||||||
Real Return Bond | 20,508,465 | 287,939 | (1,421,238 | ) | 19,375,166 | 2,508,105 | — | (522,883 | ) | (2,951,711 | ) | 211,383,059 | |||||||||||||||||
Science & Technology | 20,220,287 | 116,046 | (4,400,987 | ) | 15,935,346 | — | — | (19,735,553 | ) | 33,689,785 | 90,990,823 | ||||||||||||||||||
Seaport Long/Short | 2,680,401 | 1,386 | (157,824 | ) | 2,523,963 | — | — | 56,321 | 388,190 | 28,874,140 | |||||||||||||||||||
Short Duration Credit Opportunities | 13,296,613 | 1,372,958 | (1,347,298 | ) | 13,322,273 | 2,334,037 | — | (538,965 | ) | (3,036,467 | ) | 125,629,035 | |||||||||||||||||
Short Term Government Income | 3,582,564 | 31,761 | (316,959 | ) | 3,297,366 | 179,798 | — | (45,216 | ) | (304,286 | ) | 30,566,587 | |||||||||||||||||
Small Cap Core | 6,792,029 | 185,142 | (234,164 | ) | 6,743,007 | — | — | (323,336 | ) | 280,737 | 84,961,888 | ||||||||||||||||||
Small Cap Growth | 3,675,383 | 865,645 | (261,763 | ) | 4,279,265 | — | $13,578,861 | (517,424 | ) | (10,027,947 | ) | 76,342,088 | |||||||||||||||||
Small Cap Stock | 7,577,929 | 67,052 | (893,673 | ) | 6,751,308 | — | — | 1,214,669 | 6,970,642 | 75,142,062 | |||||||||||||||||||
Small Cap Value | 5,011,759 | 167,510 | (342,816 | ) | 4,836,453 | — | — | (274,989 | ) | 4,056,606 | 105,531,396 | ||||||||||||||||||
Small Company Value | 2,476,134 | 89,652 | (150,188 | ) | 2,415,598 | — | — | (366,156 | ) | 2,628,426 | 70,970,276 | ||||||||||||||||||
Spectrum Income | 15,239,913 | 358,093 | (1,210,379 | ) | 14,387,627 | 2,514,322 | — | (25,071 | ) | (5,289,782 | ) | 150,062,951 | |||||||||||||||||
Strategic Growth | 20,270,123 | 41,934 | (2,738,167 | ) | 17,573,890 | — | — | 4,205,142 | 26,363,793 | 335,134,075 | |||||||||||||||||||
Strategic Income Opportunities | 27,073,915 | 771,683 | (1,771,483 | ) | 26,074,115 | 4,747,538 | — | (270,814 | ) | (12,312,538 | ) | 270,127,827 | |||||||||||||||||
Technical Opportunities | 19,981,278 | 62,202 | (3,226,477 | ) | 16,817,003 | — | — | 3,974,612 | 12,229,229 | 219,125,548 | |||||||||||||||||||
Total Return | 19,695,752 | 238,691 | (1,210,089 | ) | 18,724,354 | 1,311,714 | — | (670,289 | ) | (4,775,382 | ) | 247,348,715 | |||||||||||||||||
U.S. High Yield Bond | 3,874,447 | 89,360 | (355,825 | ) | 3,607,982 | 988,775 | — | 145,848 | (1,078,174 | ) | 39,832,121 | ||||||||||||||||||
U.S. Strategic Equity Allocation | 65,244,858 | 603,399 | (9,230,597 | ) | 56,617,660 | — | — | 11,634,220 | 15,591,517 | 696,397,223 | |||||||||||||||||||
Value Equity | 19,506,978 | 102,942 | (547,088 | ) | 19,062,832 | — | — | 85,876 | (2,678,763 | ) | 232,757,177 | ||||||||||||||||||
$42,524,683 | $13,578,861 | $79,700,246 | ($51,570,650 | ) | $12,144,449,645 | ||||||||||||||||||||||||
Multimanager Lifestyle Balanced Portfolio | |||||||||||||||||||||||||||||
Absolute Return Currency | 22,579,206 | — | (3,102,847 | ) | 19,476,359 | — | — | ($2,002,177 | ) | ($13,489,870 | ) | $175,481,998 | |||||||||||||||||
Asia Pacific Total Return Bond | 13,156,461 | — | (725,729 | ) | 12,430,732 | — | — | (256,829 | ) | (3,130,299 | ) | 117,346,111 | |||||||||||||||||
Blue Chip Growth | 7,131,211 | — | (1,206,446 | ) | 5,924,765 | — | — | 9,329,171 | 20,214,107 | 239,952,985 | |||||||||||||||||||
Bond | 50,421,630 | — | (1,575,548 | ) | 48,846,082 | 14,063,415 | — | (1,226,551 | ) | (25,730,806 | ) | 751,252,741 | |||||||||||||||||
Capital Appreciation | 15,765,701 | — | (2,653,356 | ) | 13,112,345 | — | — | 3,799,849 | 23,500,720 | 233,268,615 | |||||||||||||||||||
Capital Appreciation Value | 48,650,627 | — | (3,132,009 | ) | 45,518,618 | — | — | 654,631 | 13,200,399 | 533,023,018 | |||||||||||||||||||
Core Bond | 20,858,793 | — | (781,744 | ) | 20,077,049 | 2,462,906 | — | (496,714 | ) | (6,912,415 | ) | 252,368,503 | |||||||||||||||||
Disciplined Value | 13,729,513 | — | (396,757 | ) | 13,332,756 | — | — | 342,150 | (6,277,032 | ) | 285,320,969 | ||||||||||||||||||
Disciplined Value International | 3,762,313 | — | (93,519 | ) | 3,668,794 | — | — | 75,422 | (2,518,228 | ) | 49,858,908 | ||||||||||||||||||
Diversified Real Assets | — | 25,586,111 | — | 25,586,111 | — | — | 317,156 | 14,678,165 | 271,980,361 | ||||||||||||||||||||
Emerging Markets | 17,282,402 | — | (358,810 | ) | 16,923,592 | — | — | 536,046 | (16,880,137 | ) | 187,851,874 |
Dividends and distributions | |||||||||||||||||||||||||||||
Portfolio | Beginning share amount | Shares purchased | Shares sold | Ending share amount | Income distributions received | Capital gain distributions received | Realized gain (loss)* | Change in unrealized appreciation (depreciation) | Ending value | ||||||||||||||||||||
Emerging Markets Debt | 30,054,964 | 4,470,241 | — | 34,525,205 | $7,006,463 | — | ($635,451 | ) | ($24,976,423 | ) | $309,000,588 | ||||||||||||||||||
Emerging Markets Equity | 17,130,542 | — | (295,425 | ) | 16,835,117 | — | — | 350,759 | (11,605,247 | ) | 192,762,087 | ||||||||||||||||||
Equity Income | 18,901,942 | — | (548,007 | ) | 18,353,935 | 3,191,847 | — | (31,083 | ) | (4,725,493 | ) | 369,831,793 | |||||||||||||||||
Financial Industries | 7,915,697 | — | (524,470 | ) | 7,391,227 | — | — | 445,532 | (1,019,017 | ) | 146,198,467 | ||||||||||||||||||
Floating Rate Income | 41,477,026 | — | (3,153,161 | ) | 38,323,865 | 7,914,096 | — | (2,536,748 | ) | 591,355 | 322,686,941 | ||||||||||||||||||
Fundamental Global Franchise | 11,440,707 | — | (855,913 | ) | 10,584,794 | — | — | 457,502 | 858,858 | 134,003,487 | |||||||||||||||||||
Fundamental Large Cap Core | 5,818,771 | — | (215,759 | ) | 5,603,012 | — | — | 230,086 | 2,740,356 | 288,330,976 | |||||||||||||||||||
Global Absolute Return Strategies | 21,230,880 | — | (3,573,804 | ) | 17,657,076 | — | — | (2,353,759 | ) | (5,647,349 | ) | 179,042,750 | |||||||||||||||||
Global Bond | 4,986,309 | — | (374,115 | ) | 4,612,194 | — | — | 777,729 | (1,128,269 | ) | 58,667,109 | ||||||||||||||||||
Global Equity | 18,143,820 | — | (238,525 | ) | 17,905,295 | — | — | 157,301 | (7,471,135 | ) | 201,613,625 | ||||||||||||||||||
Global Income | 9,009,472 | — | (9,009,472 | ) | — | 1,894,779 | — | (5,853,907 | ) | 1,929,207 | — | ||||||||||||||||||
Global Real Estate | 6,451,490 | — | (6,451,490 | ) | — | — | — | 32,572,406 | (35,113,684 | ) | — | ||||||||||||||||||
Global Shareholder Yield | 13,749,888 | 210,838 | — | 13,960,726 | 3,095,493 | — | 100,331 | (10,387,212 | ) | 153,986,804 | |||||||||||||||||||
Global Short Duration Credit | 11,638,753 | 1,244,647 | — | 12,883,400 | 2,656,643 | — | (1,120,265 | ) | (2,714,737 | ) | 113,373,921 | ||||||||||||||||||
Health Sciences | 19,309,458 | — | (2,434,962 | ) | 16,874,496 | — | — | (1,205,392 | ) | 7,655,975 | 78,128,917 | ||||||||||||||||||
High Yield (JHAM) | 32,652,706 | — | (1,776,937 | ) | 30,875,769 | 1,586,099 | — | (1,123,784 | ) | (2,084,406 | ) | 104,977,615 | |||||||||||||||||
High Yield (WAMCO) | 7,134,764 | — | (415,040 | ) | 6,719,724 | 3,148,077 | — | 741,872 | (2,122,383 | ) | 53,220,214 | ||||||||||||||||||
International Growth | 8,402,092 | — | (715,222 | ) | 7,686,870 | — | — | 2,222,068 | 2,508,505 | 216,462,265 | |||||||||||||||||||
International Growth Stock | 14,424,556 | — | (391,056 | ) | 14,033,500 | — | — | 788,681 | (12,307,867 | ) | 187,206,890 | ||||||||||||||||||
International Small Cap | 5,383,874 | — | (347,213 | ) | 5,036,661 | — | — | 2,299,045 | (3,731,485 | ) | 111,864,249 | ||||||||||||||||||
International Small Company | 9,341,995 | — | (417,926 | ) | 8,924,069 | — | — | 1,866,902 | (5,073,912 | ) | 112,621,754 | ||||||||||||||||||
International Strategic Equity Allocation | 50,497,566 | — | (3,245,407 | ) | 47,252,159 | — | — | 2,409,232 | (23,613,316 | ) | 529,696,698 | ||||||||||||||||||
International Value | 13,999,175 | — | (511,715 | ) | 13,487,460 | — | — | 1,667,041 | (9,670,701 | ) | 223,082,585 | ||||||||||||||||||
International Value Equity | 16,444,625 | — | (556,772 | ) | 15,887,853 | — | — | 149,647 | (5,473,665 | ) | 132,822,452 | ||||||||||||||||||
Mid Cap Stock | 14,331,459 | — | (2,771,144 | ) | 11,560,315 | — | — | 10,230,465 | 26,894,893 | 281,031,253 | |||||||||||||||||||
Mid Value | 21,645,878 | — | (1,148,423 | ) | 20,497,455 | — | — | 275,100 | 10,774,822 | 344,562,217 | |||||||||||||||||||
Natural Resources | 7,712,763 | — | (7,712,763 | ) | — | — | — | (4,940,330 | ) | 3,212,901 | — | ||||||||||||||||||
New Opportunities | 1,796,687 | — | (205,649 | ) | 1,591,038 | — | — | 258,084 | 2,940,311 | 48,272,107 | |||||||||||||||||||
Real Estate Equity | 6,253,538 | — | (6,253,538 | ) | — | — | — | 29,702,735 | (34,873,377 | ) | — | ||||||||||||||||||
Real Return Bond | 41,506,973 | — | (2,063,673 | ) | 39,443,300 | 5,124,090 | — | (1,325,767 | ) | (5,692,806 | ) | 430,326,399 | |||||||||||||||||
Science & Technology | 14,364,280 | — | (3,966,634 | ) | 10,397,646 | — | — | (18,879,059 | ) | 28,583,114 | 59,370,560 | ||||||||||||||||||
Seaport Long/Short | 2,731,451 | — | (169,267 | ) | 2,562,184 | — | — | 68,183 | 393,023 | 29,311,380 | |||||||||||||||||||
Short Duration Credit Opportunities | 32,891,153 | — | (109,693 | ) | 32,781,460 | 5,802,938 | — | (1,413,864 | ) | (7,474,481 | ) | 309,129,165 | |||||||||||||||||
Short Term Government Income | 4,771,850 | — | (341,884 | ) | 4,429,966 | 241,728 | — | (55,238 | ) | (412,969 | ) | 41,065,787 | |||||||||||||||||
Small Cap Core | 4,065,360 | — | (270,600 | ) | 3,794,760 | — | — | (284,903 | ) | 349,524 | 47,813,975 | ||||||||||||||||||
Small Cap Growth | 2,930,822 | 208,481 | — | 3,139,303 | — | $10,727,079 | (614,304 | ) | (7,559,216 | ) | 56,005,167 | ||||||||||||||||||
Small Cap Stock | 6,053,241 | — | (1,008,317 | ) | 5,044,924 | — | — | 2,344,075 | 4,287,866 | 56,150,001 | |||||||||||||||||||
Small Cap Value | 3,958,059 | — | (322,695 | ) | 3,635,364 | — | — | (97,179 | ) | 3,130,786 | 79,323,639 | ||||||||||||||||||
Small Company Value | 1,961,489 | — | (165,557 | ) | 1,795,932 | — | — | (154,481 | ) | 1,985,024 | 52,764,495 | ||||||||||||||||||
Spectrum Income | 33,124,822 | — | (1,648,280 | ) | 31,476,542 | 5,490,022 | — | 417,025 | (12,024,361 | ) | 328,300,335 | ||||||||||||||||||
Strategic Growth | 14,503,787 | — | (1,991,739 | ) | 12,512,048 | — | — | 3,087,018 | 18,825,830 | 238,604,751 | |||||||||||||||||||
Strategic Income Opportunities | 59,350,364 | — | (2,309,765 | ) | 57,040,599 | 10,380,209 | — | (642,159 | ) | (26,823,376 | ) | 590,940,603 | |||||||||||||||||
Technical Opportunities | 10,198,270 | — | (1,802,390 | ) | 8,395,880 | — | — | 2,785,230 | 5,553,324 | 109,398,317 |
Dividends and distributions | |||||||||||||||||||||||||||||
Portfolio | Beginning share amount | Shares purchased | Shares sold | Ending share amount | Income distributions received | Capital gain distributions received | Realized gain (loss)* | Change in unrealized appreciation (depreciation) | Ending value | ||||||||||||||||||||
Total Return | 45,076,826 | — | (1,972,046 | ) | 43,104,780 | $3,017,473 | — | ($1,283,814 | ) | ($11,183,796 | ) | $569,414,137 | |||||||||||||||||
U.S. High Yield Bond | 7,399,046 | — | (448,661 | ) | 6,950,385 | 1,903,935 | — | 169,369 | (1,960,153 | ) | 76,732,250 | ||||||||||||||||||
U.S. Strategic Equity Allocation | 58,919,304 | — | (7,625,686 | ) | 51,293,618 | — | — | 9,035,452 | 15,765,439 | 630,911,498 | |||||||||||||||||||
Value Equity | 13,891,024 | — | (471,480 | ) | 13,419,544 | — | — | 191,305 | (1,859,825 | ) | 163,852,629 | ||||||||||||||||||
78,980,213 | $10,727,079 | $72,320,842 | ($143,094,944 | ) | $11,860,568,935 | ||||||||||||||||||||||||
Multimanager Lifestyle Moderate Portfolio | |||||||||||||||||||||||||||||
Absolute Return Currency | 8,610,712 | 477,206 | (1,387,558 | ) | 7,700,360 | — | — | ($704,143 | ) | ($5,266,470 | ) | $69,380,243 | |||||||||||||||||
Asia Pacific Total Return Bond | 7,052,190 | 839 | (340,645 | ) | 6,712,384 | — | — | (122,356 | ) | (1,713,531 | ) | 63,364,906 | |||||||||||||||||
Blue Chip Growth | 1,061,300 | 37,794 | (236,904 | ) | 862,190 | — | — | 2,161,050 | 2,254,710 | 34,918,692 | |||||||||||||||||||
Bond | 20,033,802 | 406,441 | (984,652 | ) | 19,455,591 | $5,625,557 | — | (460,027 | ) | (10,307,336 | ) | 299,226,990 | |||||||||||||||||
Capital Appreciation | 2,357,816 | 74,857 | (512,656 | ) | 1,920,017 | — | — | 657,755 | 3,446,588 | 34,157,101 | |||||||||||||||||||
Capital Appreciation Value | 14,530,233 | — | (1,303,383 | ) | 13,226,850 | — | — | 340,780 | 3,835,787 | 154,886,417 | |||||||||||||||||||
Core Bond | 23,466,987 | 304,751 | (1,128,704 | ) | 22,643,034 | 2,781,675 | — | (469,602 | ) | (7,912,778 | ) | 284,622,933 | |||||||||||||||||
Disciplined Value | 2,082,811 | 30,395 | (155,208 | ) | 1,957,998 | — | — | 263,924 | (1,072,988 | ) | 41,901,162 | ||||||||||||||||||
Disciplined Value International | 960,298 | 6,976 | (47,888 | ) | 919,386 | — | — | 45,993 | (646,264 | ) | 12,494,458 | ||||||||||||||||||
Diversified Real Assets | — | 6,500,328 | (432,001 | ) | 6,068,327 | — | — | 82,307 | 3,624,266 | 64,506,320 | |||||||||||||||||||
Emerging Markets | 2,347,860 | 49,434 | (141,338 | ) | 2,255,956 | — | — | 452,335 | (2,546,190 | ) | 25,041,108 | ||||||||||||||||||
Emerging Markets Debt | 11,807,195 | 2,002,733 | (343,758 | ) | 13,466,170 | 2,774,351 | — | (135,217 | ) | (10,010,243 | ) | 120,522,219 | |||||||||||||||||
Emerging Markets Equity | 2,336,246 | 63,719 | (176,129 | ) | 2,223,836 | — | — | 673,168 | (2,067,457 | ) | 25,462,919 | ||||||||||||||||||
Enduring Assets | 1,573,273 | 35,292 | (129,722 | ) | 1,478,843 | 180,073 | — | 196,532 | (377,194 | ) | 17,568,659 | ||||||||||||||||||
Equity Income | 2,867,975 | 57,647 | (219,709 | ) | 2,705,913 | 469,302 | — | 90,373 | (713,762 | ) | 54,524,156 | ||||||||||||||||||
Floating Rate Income | 17,292,111 | 391,524 | (1,587,377 | ) | 16,096,258 | 3,321,547 | — | (1,306,779 | ) | 492,761 | 135,530,493 | ||||||||||||||||||
Fundamental Global Franchise | 3,716,765 | 64,578 | (357,388 | ) | 3,423,955 | — | — | 146,434 | 282,667 | 43,347,265 | |||||||||||||||||||
Fundamental Large Cap Core | 2,225,635 | 58,570 | (241,670 | ) | 2,042,535 | — | — | 472,675 | 836,026 | 105,108,854 | |||||||||||||||||||
Global Absolute Return Strategies | 8,128,770 | 2,643 | (1,155,812 | ) | 6,975,601 | — | — | (670,178 | ) | (2,384,744 | ) | 70,732,592 | |||||||||||||||||
Global Bond | 4,157,666 | 21,838 | (304,990 | ) | 3,874,514 | — | — | 366,079 | (668,845 | ) | 49,283,816 | ||||||||||||||||||
Global Equity | 5,717,496 | 130,643 | (329,175 | ) | 5,518,964 | — | — | 96,083 | (2,279,747 | ) | 62,143,533 | ||||||||||||||||||
Global Income | 3,383,919 | 75,609 | (3,459,528 | ) | — | 717,856 | — | (2,124,543 | ) | 637,531 | — | ||||||||||||||||||
Global Real Estate | 1,921,135 | 1,688 | (1,922,823 | ) | — | — | — | 9,878,859 | (10,636,265 | ) | — | ||||||||||||||||||
Global Shareholder Yield | 4,257,533 | 128,795 | (124,634 | ) | 4,261,694 | 944,803 | — | 131,199 | (3,250,922 | ) | 47,006,488 | ||||||||||||||||||
Global Short Duration Credit | 4,415,947 | 816,953 | (315,319 | ) | 4,917,581 | 1,014,374 | — | (347,233 | ) | (1,116,208 | ) | 43,274,711 | |||||||||||||||||
High Yield (JHAM) | 12,614,941 | 353,578 | (951,965 | ) | 12,016,554 | 1,223,108 | — | (396,554 | ) | (844,363 | ) | 40,856,283 | |||||||||||||||||
High Yield (WAMCO) | 2,756,686 | 77,394 | (218,766 | ) | 2,615,314 | 614,120 | — | (37,129 | ) | (494,402 | ) | 20,713,284 | |||||||||||||||||
International Growth | 1,215,252 | — | (136,717 | ) | 1,078,535 | — | — | 942,985 | (213,939 | ) | 30,371,538 | ||||||||||||||||||
International Growth Stock | 3,317,696 | 14,086 | (140,622 | ) | 3,191,160 | — | — | 368,990 | (2,943,076 | ) | 42,570,078 | ||||||||||||||||||
International Small Cap | 928,179 | — | (80,178 | ) | 848,001 | — | — | 544,635 | (760,111 | ) | 18,834,093 | ||||||||||||||||||
International Small Company | 1,610,559 | 5,910 | (110,348 | ) | 1,506,121 | — | — | 483,061 | (1,000,081 | ) | 19,007,251 | ||||||||||||||||||
International Strategic Equity Allocation | 11,724,189 | 171,774 | (1,144,331 | ) | 10,751,632 | — | — | 1,253,155 | (5,967,489 | ) | 120,525,797 | ||||||||||||||||||
International Value | 2,219,281 | 24,245 | (139,651 | ) | 2,103,875 | — | — | 747,194 | (1,968,938 | ) | 34,798,093 | ||||||||||||||||||
International Value Equity | 3,322,902 | 55,588 | (228,625 | ) | 3,149,865 | — | — | 182,706 | (1,209,083 | ) | 26,332,869 | ||||||||||||||||||
Mid Cap Stock | 2,623,191 | 50,131 | (585,353 | ) | 2,087,969 | — | — | 4,320,985 | 2,511,562 | 50,758,538 | |||||||||||||||||||
Mid Value | 3,882,073 | 2,746 | (385,918 | ) | 3,498,901 | — | — | 221,910 | 1,742,043 | 58,816,531 |
Dividends and distributions | |||||||||||||||||||||||||||||
Portfolio | Beginning share amount | Shares purchased | Shares sold | Ending share amount | Income distributions received | Capital gain distributions received | Realized gain (loss)* | Change in unrealized appreciation (depreciation) | Ending value | ||||||||||||||||||||
Natural Resources | 1,351,011 | 22,399 | (1,373,410 | ) | — | — | — | ($2,391,893 | ) | $2,098,141 | — | ||||||||||||||||||
Real Estate Equity | 1,866,461 | 87,312 | (1,953,773 | ) | — | — | — | 10,071,019 | (11,630,904 | ) | — | ||||||||||||||||||
Real Return Bond | 16,938,247 | 272,055 | (1,084,929 | ) | 16,125,373 | $2,082,819 | — | (526,612 | ) | (2,329,812 | ) | $175,927,817 | |||||||||||||||||
Seaport Long/Short | 910,496 | 2,799 | (80,526 | ) | 832,769 | — | — | 67,584 | 94,066 | 9,526,881 | |||||||||||||||||||
Short Duration Credit Opportunities | 11,792,828 | 912,268 | (835,842 | ) | 11,869,254 | 2,094,992 | — | (351,684 | ) | (2,864,088 | ) | 111,927,066 | |||||||||||||||||
Short Term Government Income | 1,556,216 | 11,749 | (112,387 | ) | 1,455,578 | 79,043 | — | (16,556 | ) | (136,807 | ) | 13,493,205 | |||||||||||||||||
Small Cap Growth | 614,812 | 145,854 | (126,962 | ) | 633,704 | — | $2,192,945 | 5,229 | (1,665,657 | ) | 11,305,282 | ||||||||||||||||||
Small Cap Stock | 1,264,522 | 25,988 | (272,348 | ) | 1,018,162 | — | — | 440,814 | 939,059 | 11,332,146 | |||||||||||||||||||
Small Cap Value | 1,512,639 | 15,138 | (183,009 | ) | 1,344,768 | — | — | (79,352 | ) | 1,230,187 | 29,342,844 | ||||||||||||||||||
Spectrum Income | 11,683,570 | 183,193 | (682,219 | ) | 11,184,544 | 1,952,378 | — | 272,680 | (4,399,517 | ) | 116,654,792 | ||||||||||||||||||
Strategic Growth | 2,153,490 | 51,334 | (409,521 | ) | 1,795,303 | — | — | 1,065,072 | 2,208,346 | 34,236,425 | |||||||||||||||||||
Strategic Income Opportunities | 20,932,930 | 345,940 | (1,011,139 | ) | 20,267,731 | 3,691,281 | — | (179,570 | ) | (9,598,718 | ) | 209,973,697 | |||||||||||||||||
Total Return | 22,388,195 | 175,199 | (1,101,616 | ) | 21,461,778 | 1,500,841 | — | (497,775 | ) | (5,725,566 | ) | 283,510,088 | |||||||||||||||||
U.S. High Yield Bond | 2,858,758 | 66,657 | (220,162 | ) | 2,705,253 | 737,565 | — | (59,375 | ) | (632,357 | ) | 29,865,992 | |||||||||||||||||
U.S. Strategic Equity Allocation | 11,619,667 | 482,262 | (2,346,092 | ) | 9,755,837 | — | — | 2,543,506 | 2,550,164 | 119,996,796 | |||||||||||||||||||
Value Equity | 2,107,671 | 57,317 | (199,800 | ) | 1,965,188 | — | — | 178,202 | (381,969 | ) | 23,994,951 | ||||||||||||||||||
$31,805,685 | $2,192,945 | $28,888,695 | ($88,953,917 | ) | $3,503,678,372 | ||||||||||||||||||||||||
Multimanager Lifestyle Conservative Portfolio | |||||||||||||||||||||||||||||
Absolute Return Currency | 9,558,944 | 194,436 | (1,038,411 | ) | 8,714,969 | — | — | ($639,374 | ) | ($5,901,406 | ) | $78,521,869 | |||||||||||||||||
Asia Pacific Total Return Bond | 5,626,197 | — | (432,526 | ) | 5,193,671 | — | — | (146,570 | ) | (1,276,859 | ) | 49,028,259 | |||||||||||||||||
Blue Chip Growth | 147,380 | 5,973 | (37,341 | ) | 116,012 | — | — | 384,678 | 221,906 | 4,698,472 | |||||||||||||||||||
Bond | 19,362,647 | 342,973 | (1,455,165 | ) | 18,250,455 | $5,354,294 | — | (523,101 | ) | (9,776,189 | ) | 280,691,999 | |||||||||||||||||
Capital Appreciation | 320,209 | 14,865 | (82,751 | ) | 252,323 | — | — | 56,025 | 497,955 | 4,488,828 | |||||||||||||||||||
Capital Appreciation Value | 7,310,168 | 29,340 | (884,390 | ) | 6,455,118 | — | — | 311,723 | 1,780,222 | 75,589,426 | |||||||||||||||||||
Core Bond | 22,182,820 | 204,315 | (1,613,530 | ) | 20,773,605 | 2,567,844 | — | (416,245 | ) | (7,445,042 | ) | 261,124,216 | |||||||||||||||||
Disciplined Value | 391,673 | 16,798 | (53,864 | ) | 354,607 | — | — | 105,858 | (234,690 | ) | 7,588,598 | ||||||||||||||||||
Disciplined Value International | 473,860 | 13,268 | (46,723 | ) | 440,405 | — | — | 42,598 | (321,124 | ) | 5,985,109 | ||||||||||||||||||
Diversified Real Assets | — | 4,684,117 | (350,227 | ) | 4,333,890 | — | — | 72,386 | 2,784,257 | 46,069,256 | |||||||||||||||||||
Emerging Markets | 832,610 | 16,836 | (74,335 | ) | 775,111 | — | — | 240,501 | (952,321 | ) | 8,603,727 | ||||||||||||||||||
Emerging Markets Debt | 9,476,698 | 1,497,246 | (425,282 | ) | 10,548,662 | 2,188,996 | — | (96,011 | ) | (7,889,602 | ) | 94,410,522 | |||||||||||||||||
Emerging Markets Equity | 828,491 | 31,381 | (89,772 | ) | 770,100 | — | — | 328,902 | (797,382 | ) | 8,817,647 | ||||||||||||||||||
Enduring Assets | 4,158,947 | 56,831 | (431,769 | ) | 3,784,009 | 463,304 | — | 748,152 | (1,183,522 | ) | 44,954,023 | ||||||||||||||||||
Equity Income | 540,022 | 20,448 | (67,938 | ) | 492,532 | 86,010 | — | 192,707 | (292,223 | ) | 9,924,511 | ||||||||||||||||||
Floating Rate Income | 16,973,335 | 375,682 | (2,025,771 | ) | 15,323,246 | 3,200,657 | — | (1,639,845 | ) | 878,943 | 129,021,733 | ||||||||||||||||||
Fundamental Global Franchise | 1,859,424 | 56,275 | (258,974 | ) | 1,656,725 | — | — | 84,375 | 137,527 | 20,974,136 | |||||||||||||||||||
Fundamental Large Cap Core | 599,943 | 28,072 | (97,746 | ) | 530,269 | — | — | 277,018 | 135,722 | 27,287,630 | |||||||||||||||||||
Global Absolute Return Strategies | 9,010,858 | 6,182 | (1,141,023 | ) | 7,876,017 | — | — | (564,936 | ) | (2,739,380 | ) | 79,862,815 | |||||||||||||||||
Global Bond | 4,825,807 | — | (464,223 | ) | 4,361,584 | — | — | 569,601 | (904,614 | ) | 55,479,345 | ||||||||||||||||||
Global Equity | 2,727,712 | 87,824 | (283,035 | ) | 2,532,501 | — | — | 72,443 | (1,055,905 | ) | 28,515,964 | ||||||||||||||||||
Global Income | 2,873,473 | 63,070 | (2,936,543 | ) | — | 598,973 | — | (1,419,587 | ) | 188,252 | — | ||||||||||||||||||
Global Real Estate | 1,742,680 | 5,808 | (1,748,488 | ) | — | — | — | 8,045,246 | (8,710,912 | ) | — | ||||||||||||||||||
Global Shareholder Yield | 1,938,591 | 86,689 | (161,914 | ) | 1,863,366 | 416,925 | — | 470,551 | (1,827,126 | ) | 20,552,924 | ||||||||||||||||||
Global Short Duration Credit | 3,271,776 | 643,023 | (309,814 | ) | 3,604,985 | 739,384 | — | (330,232 | ) | (731,369 | ) | 31,723,864 | |||||||||||||||||
High Yield (JHAM) | 8,291,495 | 227,820 | (859,219 | ) | 7,660,096 | 788,390 | — | (6,513 | ) | (786,726 | ) | 26,044,327 |
Dividends and distributions | |||||||||||||||||||||||||||||
Portfolio | Beginning share amount | Shares purchased | Shares sold | Ending share amount | Income distributions received | Capital gain distributions received | Realized gain (loss)* | Change in unrealized appreciation (depreciation) | Ending value | ||||||||||||||||||||
High Yield (WAMCO) | 1,811,924 | 49,693 | (194,435 | ) | 1,667,182 | $394,315 | — | $103,158 | ($440,342 | ) | $13,204,084 | ||||||||||||||||||
International Growth | 491,014 | — | (71,182 | ) | 419,832 | — | — | 214,189 | 89,102 | 11,822,479 | |||||||||||||||||||
International Growth Stock | 997,976 | 14,470 | (73,429 | ) | 939,017 | — | — | 267,112 | (1,014,200 | ) | 12,526,492 | ||||||||||||||||||
International Strategic Equity Allocation | 5,899,784 | 237,751 | (894,252 | ) | 5,243,283 | — | — | 995,039 | (3,188,244 | ) | 58,777,201 | ||||||||||||||||||
International Value | 838,804 | 23,861 | (95,900 | ) | 766,765 | — | — | 405,990 | (823,997 | ) | 12,682,288 | ||||||||||||||||||
International Value Equity | 760,169 | 19,907 | (81,588 | ) | 698,488 | — | — | 84,682 | (302,756 | ) | 5,839,356 | ||||||||||||||||||
Mid Cap Stock | 813,970 | 19,880 | (206,552 | ) | 627,298 | — | — | 987,500 | 1,099,747 | 15,249,611 | |||||||||||||||||||
Mid Value | 1,298,441 | 14,178 | (178,685 | ) | 1,133,934 | — | — | 60,537 | 606,842 | 19,061,427 | |||||||||||||||||||
Natural Resources | 714,884 | 22,849 | (737,733 | ) | — | — | — | (1,271,472 | ) | 1,136,573 | — | ||||||||||||||||||
Real Estate Equity | 1,692,875 | 55,014 | (1,747,889 | ) | — | — | — | 6,894,158 | (8,286,139 | ) | — | ||||||||||||||||||
Real Return Bond | 18,424,647 | 202,350 | (1,591,843 | ) | 17,035,154 | 2,199,543 | — | (1,949,295 | ) | (1,130,689 | ) | 185,853,535 | |||||||||||||||||
Seaport Long/Short | 407,861 | 4,005 | (50,778 | ) | 361,088 | — | — | 49,128 | 25,309 | 4,130,847 | |||||||||||||||||||
Short Duration Credit Opportunities | 11,920,136 | 736,228 | (1,119,659 | ) | 11,536,705 | 2,078,630 | — | (429,601 | ) | (2,736,054 | ) | 108,791,125 | |||||||||||||||||
Short Term Government Income | 13,801,052 | 73,882 | (1,355,511 | ) | 12,519,423 | 684,375 | — | (1,025,877 | ) | (322,958 | ) | 116,055,049 | |||||||||||||||||
Small Cap Stock | 821,467 | 28,014 | (208,599 | ) | 640,882 | — | — | 377,257 | 507,810 | 7,133,017 | |||||||||||||||||||
Small Cap Value | 561,138 | 12,868 | (92,376 | ) | 481,630 | — | — | (43,648 | ) | 470,179 | 10,509,166 | ||||||||||||||||||
Spectrum Income | 10,049,367 | 154,667 | (873,895 | ) | 9,330,139 | 1,649,046 | — | 389,604 | (3,849,601 | ) | 97,313,352 | ||||||||||||||||||
Strategic Growth | 292,460 | 11,369 | (67,763 | ) | 236,066 | — | — | 110,218 | 331,933 | 4,501,776 | |||||||||||||||||||
Strategic Income Opportunities | 18,005,531 | 292,161 | (1,389,867 | ) | 16,907,825 | 3,118,518 | — | 61,163 | (8,257,988 | ) | 175,165,066 | ||||||||||||||||||
Total Return | 21,295,424 | 105,237 | (1,587,389 | ) | 19,813,272 | 1,385,965 | — | (596,850 | ) | (5,295,349 | ) | 261,733,321 | |||||||||||||||||
U.S. High Yield Bond | 1,878,739 | 42,801 | (197,277 | ) | 1,724,263 | 473,595 | — | 86,651 | (528,130 | ) | 19,035,866 | ||||||||||||||||||
U.S. Strategic Equity Allocation | 3,491,411 | 453,287 | (1,144,700 | ) | 2,799,998 | — | — | 1,639,090 | (60,573 | ) | 34,439,979 | ||||||||||||||||||
Value Equity | 396,738 | 17,178 | (56,691 | ) | 357,225 | — | — | 57,910 | (88,269 | ) | 4,361,722 | ||||||||||||||||||
$28,388,764 | — | $13,686,993 | ($78,259,402 | ) | $2,578,145,959 | ||||||||||||||||||||||||
*Realized gain (loss) on investments in affiliated funds or the Statements of operations includes litigation proceeds which are not reflected in the above table. |
CONTINUATION OF INVESTMENT ADVISORY AND SUBADVISORY AGREEMENTS
Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees
This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Funds II (the Trust) of the Advisory Agreement (the Advisory Agreement) and each Subadvisory Agreement (collectively, the Subadvisory Agreements) with respect to each of the portfolios of the Trust included in this report (the Funds). The Advisory and Subadvisory Agreements are collectively referred to as the Agreements. Prior to the June 18-21, 2018 in-person meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at an in-person meeting held on May 30-31, 2018.
Approval of Advisory and Subadvisory Agreements
At in-person meetings held on June 18-21, 2018, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees), reapproved for an annual period, the continuation of the Advisory Agreement between the Trust and the Advisor and the applicable Subadvisory Agreements between the Advisor and the sub-advisers (each, a Subadvisor and collectively, the Subadvisors) with respect to each of the Funds in this report.
In considering the Advisory Agreement and the Subadvisory Agreements with respect to each Fund, the Board received in advance of the meetings a variety of materials relating to each Fund, the Advisor and each Subadvisor, including comparative performance, fee and expense information for peer groups of similar mutual funds prepared by an independent third-party provider of mutual fund data; performance information for the Funds' benchmark indices; and, with respect to each Subadvisor, comparative performance information for comparably managed accounts, as applicable; and other information provided by the Advisor and the Subadvisors regarding the nature, extent and quality of services provided by the Advisor and the Subadvisors under their respective Agreements, as well as information regarding the Advisor's revenues and costs of providing services to the Funds and any compensation paid to affiliates of the Advisor. At the meetings at which the renewal of the Advisory Agreement and Subadvisory Agreements are considered, particular focus is given to information concerning Fund performance, comparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisors is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisors to the Funds, including quarterly performance reports prepared by management containing reviews of investment results, and periodic presentations from the Subadvisors with respect to the Funds they manage. The information received and considered by the Board both in conjunction with the May and June meetings and throughout the year was both written and oral. The Board noted the affiliation of the Subadvisors with the Advisor, noting any potential conflicts of interest. The Board also considered the nature, quality, and extent of the non-advisory services, if any, to be provided to the Funds by the Advisor's affiliates, including distribution services. The Board considered the Advisory Agreement and the Subadvisory Agreements separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and the Subadvisors in providing services to the Funds. In addition, although the Board approved the renewal of the Agreements for all of the Funds at the June meeting, the Board considered each Fund separately.
Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from their independent counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.
Approval of Advisory Agreement
In approving the Advisory Agreement with respect to each Fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board's conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board's ongoing regular review of Fund performance and operations throughout the year.
Nature, Extent and Quality of Services . Among the information received by the Board from the Advisor relating to the nature, extent and quality of services provided to the Funds, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor's compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust's Chief Compliance Officer (CCO) regarding the Funds' compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the Fund's compliance programs, risk management programs, liquidity management programs and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the Funds, including but not limited to, general supervision of and coordination of the services provided by the Subadvisors, and is also responsible for monitoring and reviewing the activities of the Subadvisors and other third-party service providers. The Board also considered the significant risks assumed by the Advisor in connection with the services p rovided to the Funds including entrepreneurial risk in sponsoring new Funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all Funds.
In considering the nature, extent and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor's management and the quality of the performance of the Advisor's duties, through Board meetings, discussions and reports during the preceding year and through each Trustee's experience as a Trustee of the Trust and of the other trusts in the complex.
In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:
(a) | the skills and competency with which the Advisor has in the past managed the Trust's affairs and its subadvisory relationships, the Advisor's oversight and monitoring of the Subadvisors' investment performance and compliance programs, such as the Subadvisors' compliance with fund policies and objectives, review of brokerage matters including with respect to trade allocation and best execution, and the Advisor's timeliness in responding to performance issues; | |
(b) | the background, qualifications and skills of the Advisor's personnel; | |
(c) | the Advisor's compliance policies and procedures and its responsiveness to regulatory changes and mutual fund industry developments; | |
(d) | the Advisor's administrative capabilities, including its ability to supervise the other service providers for the Funds, as well as the Advisor's oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the Funds, and bringing loss recovery actions on behalf of the Funds; | |
(e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the Funds; | |
(f) | the Advisor's initiatives intended to improve various aspects of the Trust's operations and investor experience with the Funds; and | |
(g) | the Advisor's reputation and experience in serving as an investment adviser to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the Funds.
Investment Performance. In considering each Fund's performance, the Board noted that it reviews at its regularly scheduled meetings information about the Funds' performance results. In connection with the consideration of the Advisory Agreement, the Board:
(a) | reviewed information prepared by management regarding the Funds' performance; | |
(b) | considered the comparative performance of each Fund's respective benchmark; | |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of mutual fund data; and | |
(d) | took into account the Advisor's analysis of each Fund's performance and its plans and recommendations regarding the Trust's subadvisory arrangements generally and with respect to particular Funds. |
The Board noted that while it found the data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on the end date selected and that the results of the performance comparisons may vary depending on the selection of the peer group. The Board noted that each Fund generally outperformed the historical performance of comparable funds and underperformed the Fund's respective benchmark, with certain exceptions noted in Appendix A. In such cases, the Board considered steps the Advisor had taken to address performance and concluded that such performance is being monitored and reasonably addressed.
Fees and Expenses . The Board reviewed comparative information prepared by an independent third-party provider of mutual fund data including, among other data, each Fund's contractual and net management fees (and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the Fund in light of the nature, extent and quality of the management and subadvisory services provided by the Advisor and the Subadvisors. The Board considered each Fund's ranking within a smaller group of peer funds chosen by the independent third-party provider, as well as the Fund's ranking within broader groups of funds. In comparing each Fund's contractual and net management fees to that of comparable funds, the Board noted that such fee includes both advisory and administrative costs.
The Board took into account management's discussion with respect to the overall management fee, the fees of each Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fees, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to certain of the Funds. The Board also noted that the Advisor pays the subadvisory fees of the Funds. In addition, the Board noted that the Advisor continued advisory and subadvisory fee reductions in the past year with respect to several Funds. The Board also took into account that management had agreed to implement an overall fee waiver across the complex, which is discussed further below. The Board also noted management's discussion of the Funds' expenses, as well as certain actions taken over the past several years to reduce the Funds' operating expenses. The Board reviewed information provided by the Advisor concerning investment advisory fees charged to other clients (including other funds in the complex) having similar investment mandates, if any. The Board considered any differences between the Advisor's and Subadvisor's services to a Fund and the services they provide to other such comparable clients or funds. The Board concluded that the advisory fee paid with respect to each of the Funds is reasonable in light of the nature, extent and quality of the services provided the Funds under the Advisory Agreement.
In addition, the Trustees reviewed the advisory fee to be paid to the Advisor for each Fund and concluded that the advisory fee to be paid to the Advisor with respect to each Fund is based on services provided that are in addition to, rather than duplicative of, the services provided pursuant to the advisory agreements for the underlying portfolios of the Fund and that the additional services are necessary because of the differences between the investment policies, strategies and techniques of a Fund and those of its underlying portfolios.
Profitability/Fall Out Benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates (including the Subadvisors that are affiliated with the Advisor) from the Advisor's relationship with the Trust, the Board:
(a) | reviewed financial information of the Advisor; | |
(b) | reviewed and considered (i) information presented by the Advisor regarding the net profitability to the Advisor and its affiliates, of each Fund; | |
(c) | received and reviewed profitability information with respect to the John Hancock fund complex as a whole and with respect to each Fund; | |
(d) | received information with respect to the Advisor's allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor's allocation methodologies; | |
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain Funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability analysis reviewed by the Board; | |
(f) | considered that the Advisor also provides administrative services to the Funds on a cost basis pursuant to an administrative services agreement; | |
(g) | noted that the Funds' Subadvisors are affiliates of the Advisor; | |
(h) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the Funds, and that the Trust's distributor also receives Rule 12b-1 payments to support distribution of the products; | |
(i) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the Funds; | |
(j) | noted that the subadvisory fees for the Funds are paid by the Advisor; | |
(k) | with respect to each Fund, the Board noted that the advisory fee is in addition to the fees received by the Advisor and its affiliates with regard to the underlying portfolios in which the Funds may invest; | |
(l) | considered the Advisor's ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the mutual fund industry; and | |
(m) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to each Fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
Based upon its review, the Board concluded that the level of profitability, if any, of the Advisor and its affiliates (including the Subadvisors, which are affiliated with the Advisor), from their relationship with each Fund was reasonable and not excessive.
Economies of Scale. In considering the extent to which economies of scale would be realized as a Fund grows and whether fee levels reflect these economies of scale for the benefit of Fund shareholders, the Board:
(a) | considered that with respect to the John Hancock underlying portfolios in which the Funds invest, the Advisor has agreed to waive a portion of its management fee for such fund and for each of the other John Hancock funds in the complex (except as discussed below) (the Participating Portfolios) or otherwise reimburse the expenses of the Participating Portfolios (the Reimbursement). This waiver is based on upon the aggregate net assets of all the Participating Portfolios. The Board also noted that the Advisor had implemented additional breakpoints to the complex-wide fee waiver in recent years. (The Funds that are not Participating Portfolios as of the date of this annual report are each Fund and each other of the funds of funds of the Trust and John Hancock Variable Insurance Trust and John Hancock Collateral Trust. These funds of funds also benefit from such overall management fee waiver through their investment in underlying portfolios that include certain of the Participating Portfolios, which are subject to the Reimbursement. | |
(b) | reviewed the Trust's advisory fee structure and concluded that (i) the Funds' fee structures contain breakpoints at the advisory fee level and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the Funds to benefit from economies of scale if those Funds grow. The Board also took into account management's discussion of the Funds' advisory fee structure; and | |
(c) | the Board also considered the effect of the Funds' growth in size on their performance and fees. The Board also noted that if the Funds' assets increase over time, the Funds may realize other economies of scale. |
Approval of Subadvisory Agreements
In making its determination with respect to approval of the Subadvisory Agreements, the Board reviewed:
(1) | information relating to each Subadvisor's business, including current subadvisory services to the Trust (and other funds in the John Hancock family of funds); | |
(2) | the historical and current performance of each Fund and comparative performance information relating to the Fund's benchmark and comparable funds; and | |
(3) | the subadvisory fee for each Fund and comparative fee information, where available, prepared by an independent third-party provider of mutual fund data. |
Nature, Extent and Quality of Services. With respect to the services provided by each of the Subadvisors with respect to each Fund, the Board received information provided to the Board by each Subadvisor, including each Subadvisor's Form ADV, as well as took into account information presented throughout the past year. The Board considered each Subadvisor's current level of staffing and its overall resources, as well as received information relating to a Subadvisor's compensation program. The Board reviewed each Subadvisor's history and investment experience, as well as information regarding the qualifications, background and responsibilities of the Subadvisor's investment and compliance personnel who provide services to the Funds. The Board also considered, among other things, the Subadvisor's compliance program and any disciplinary history. The Board also considered the Subadvisor's risk assessment and monitoring process. The Board reviewed each Subadvisor's regulatory history, including whether it was currently involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular, periodic reviews of each Subadvisor and its operations, including regarding investment processes and organizational and staffing matters. The Board also noted that the CCO and his staff conduct regular, periodic compliance reviews with each of the Subadvisors and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisors and procedures reasonably designed by them to assure compliance with the federal securities laws. The Board also took into account the financial condition of each Subadvisor.
The Board considered each Subadvisor's investment process and philosophy. The Board took into account that each Subadvisor's responsibilities include the development and maintenance of an investment program for the applicable Fund which is consistent with the Fund's investment objectives, the selection of investment securities and underlying funds and the placement of orders for the purchase and sale of such securities and underlying funds, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to each Subadvisor's brokerage policies and practices, including with respect to best execution and soft dollars.
Subadvisor Compensation. In considering the cost of services to be provided by each Subadvisor and the profitability to that Subadvisor of its relationship with the Fund, the Board noted that the fees under the Subadvisory Agreements are paid by the Advisor and not the Funds.
In addition, the Board considered other potential indirect benefits that the Subadvisors and their affiliates may receive from the Subadvisor's relationship with the Fund, such as the opportunity to provide advisory services to additional portfolios of the Trusts and reputational benefits.
Subadvisory Fees. The Board considered that the Fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays a subadvisory fee to each Subadvisor. As noted above, the Board also considered, if available, each Fund's sub-advisory fees as compared to similarly situated investment companies deemed to be comparable to the Fund as included in the report prepared by the independent third party provider of mutual fund data. The Board also took into account the sub-advisory fees paid by the Advisor to fees charged by each Fund's Subadvisor to manage other sub-advised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.
Subadvisor Performance. As noted above, the Board considered each Fund's performance as compared to the Fund's respective peer group and benchmark and noted that the Board reviews information about the Fund's performance results at its regularly scheduled meetings. The Board noted the Advisor's expertise and resources in monitoring the performance, investment style, and risk-adjusted performance of each Subadvisor. The Board was mindful of the Advisor's focus on each Subadvisor's performance. The Board also noted each Subadvisor's long-term performance record for similar accounts, as applicable.
The Board's decision to approve the Subadvisory Agreement with respect to each Fund was based on a number of determinations, including the following:
(1) | Each Subadvisor has extensive experience and demonstrated skills as a manager; | |
(2) | Although not without variation, the performance of each Fund managed by a Subadvisor generally has been in line with or outperformed the historical performance of comparable funds and underperformed the Fund's respective benchmarks, with the exceptions noted in Appendix A (with respect to such exceptions, the Board considered the steps the Subadvisor had taken to address performance and concluded that performance is being monitored and reasonably addressed); | |
(3) | The subadvisory fees are reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and | |
(4) | Subadvisory fees are paid by the Adviser and not the Funds and the advisory fees for each Fund contains breakpoints that permit shareholders to benefit from economies of scale if those Funds grow. |
In addition, in the case of each Fund, the Trustees reviewed the subadvisory fee to be paid to the Subadvisor for the Fund and concluded that the subadvisory fee to be paid to the Subadvisor with respect to each Fund is based on services provided that are in addition to, rather than duplicative of, the services provided pursuant to the advisory agreements and subadvisory agreements for the underlying portfolios of the Fund and that the additional services are necessary because of the differences between the investment policies, strategies and techniques of a Fund and those of its underlying portfolios.
Additional information relating to each Fund's fees and expenses and performance that the Board considered in approving the Advisory Agreement and Subadvisory Agreement for a particular Fund is set forth in Appendix A.
* * *
Based on their evaluation of all factors that they deemed to be material, including those factors described above, the Board, including the Independent Trustees, concluded that renewal of the Advisory Agreement and each of the Subadvisory Agreements with respect to each Fund would be in the best interest of each of the respective Funds and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement with respect to each Fund for an additional one-year period.
APPENDIX A
Portfolio (subadviser) | Performance as of 12.31.2017 | Fees and expenses | Comments | ||||||||
Multimanager Lifestyle Aggressive Portfolio (Manulife Asset Management (US)) (Manulife Asset Management (North America)) | Benchmark Index - The Fund outperformed the benchmark index for the one-year period and underperformed the benchmark index for the three-, five- and ten-year periods. Broadridge Category - The Fund outperformed the average for the one-, three-, five- and ten-year periods. | Subadviser fee comparative data not provided due to limited size of Broadridge peer group for this purpose. Net management fees for this Fund are lower than the peer group median. Net total expenses for this Fund are lower than the peer group median. | The Board took into account management's discussion of the factors that contributed to the Fund's three-, five- and ten -year performance relative to the benchmark index. The Board noted the Fund's favorable performance relative to the benchmark index for the one-year period and to the peer group average for the one-, three-, five- and ten-year periods. The Board noted the Fund's net management fees and net total expenses are lower than the peer group median. | ||||||||
Multimanager Lifestyle Balanced Portfolio (Manulife Asset Management (US)) (Manulife Asset Management (North America)) | Benchmark Index - The Fund underperformed the benchmark index for the one-, three-, five- and ten-year periods. Broadridge Category - The Fund outperformed the average for the one-, three-, five- and ten-year periods. | Subadviser fee comparative data not provided due to limited size of Broadridge peer group average for this purpose. Net management fees for this Fund are lower than the peer group median. Net total expenses for this Fund are lower than the peer group median. | The Board took into account management's discussion of the factors that contributed to the Fund's one-, three-, five- and ten-year performance relative to the benchmark index. The Board noted the Fund's favorable performance relative to the peer group average for the one-, three-, five- and ten-year periods. The Board noted the Fund's net management fees and net total expenses are lower than the peer group median. | ||||||||
Multimanager Lifestyle Conservative Portfolio (Manulife Asset Management (US)) (Manulife Asset Management (North America)) | Benchmark Index - The Fund underperformed the benchmark index for the one-, three-, five- and ten-year periods. Broadridge Category - The Fund underperformed the average for the one-, three- and five-year periods and outperformed the average for the ten-year period. | Subadviser fee comparative data not provided due to limited size of Broadridge peer group for this purpose. Net management fees for this Fund are lower the peer group median. Net total expenses for this Fund are lower than the peer group median. | The Board took into account management's discussion of the factors that contributed to the Fund's one-, three-, five- and ten- year performance relative to the benchmark index and to the peer group average for the one-, three- and five-year periods. The Board noted the Fund's favorable performance relative to the peer group average for the ten-year period. The Board noted that the Fund outperformed its Morningstar peer group and benchmark index for the year-to-date period ended April 30, 2018. The Board noted the Fund's net management fees and net total expenses are lower than the peer group median. |
Portfolio (subadviser) | Performance as of 12.31.2017 | Fees and expenses | Comments | ||||||||
Multimanager Lifestyle Growth Portfolio (Manulife Asset Management (US)) (Manulife Asset Management (North America)) | Benchmark Index - The Fund outperformed the benchmark index for the one-year period and underperformed the benchmark index for the three-, five- and ten-year periods. Broadridge Category - The Fund outperformed the average for the one-, three-, five- and ten-year periods. | Subadviser fee comparative data not provided due to limited size of Broadridge peer group for this purpose. Net management fees for this Fund are lower than the peer group median. Net total expenses for this Fund are lower than the peer group median. | The Board took into account management's discussion of the factors that contributed to the Fund's three-, five- and ten-year performance relative to the benchmark index. The Board noted the Fund's favorable performance relative to the benchmark index for the one-year period and to the peer group average for the one-, three-, five- and ten-year periods. The Board noted the Fund's net management fees and net total expenses are lower than the peer group median. | ||||||||
Multimanager Lifestyle Moderate Portfolio (Manulife Asset Management (U.S.)) (Manulife Asset Management (North America)) | Benchmark Index - The Fund underperformed the benchmark index for the one-, three-, five- and ten-year periods. Broadridge Category - The Fund underperformed the average for the one-, three- and five-year periods and outperformed the average for the ten-year period. | Subadviser fee comparative data not provided due to limited size of Broadridge peer group for this purpose. Net management fees for this Fund are lower than the peer group median. Net total expenses for this Fund are lower than the peer group median. | The Board took into account management's discussion of the factors that contributed to the Fund's one-, three-, five- and ten-year performance relative to the benchmark index and to the peer group average for the one-, three- and five-year periods. The Board noted the Fund's favorable performance relative to the peer group average for the ten-year period. The Board noted that the Fund outperformed its Morningstar peer group and benchmark index for the year-to-date period ended April 30, 2018. The Board noted the Fund's net management fees and net total expenses are lower than the peer group median. |
Trustees Hassell H. McClellan, Chairperson Officers Andrew G. Arnott John J. Danello Francis V. Knox, Jr. Charles A. Rizzo Salvatore Schiavone | Investment advisor John Hancock Advisers, LLC Subadvisors John Hancock Asset Management a division of Manulife Asset Management (US) LLC Principal distributor John Hancock Funds, LLC Custodian State Street Bank and Trust Company Transfer agent John Hancock Signature Services, Inc. Legal counsel K&L Gates LLP |
*Member of the Audit Committee
†Non-Independent Trustee
#Effective 6-19-18
The fund's proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.
The fund's complete list of portfolio holdings, for the first and third fiscal quarters, is filed with the SEC on Form N-Q. The fund's Form N-Q is available on our website and the SEC's website, sec.gov, and can be reviewed and copied (for a fee) at the SEC's Public Reference Room in Washington, DC. Call 800-SEC-0330 to receive information on the operation of the SEC's Public Reference Room.
We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.
You can also contact us: | |||
800-225-5291 jhinvestments.com | Regular mail: John Hancock Signature Services, Inc. | Express mail: John Hancock Signature Services, Inc. |
John Hancock family of funds
DOMESTIC EQUITY FUNDS Blue Chip Growth Classic Value Disciplined Value Disciplined Value Mid Cap Equity Income Financial Industries Fundamental All Cap Core Fundamental Large Cap Core Fundamental Large Cap Value Natural Resources New Opportunities Regional Bank Small Cap Core Small Cap Growth Small Cap Value Strategic Growth U.S. Global Leaders Growth U.S. Growth Value Equity GLOBAL AND INTERNATIONAL EQUITY FUNDS Disciplined Value International Emerging Markets Emerging Markets Equity Fundamental Global Franchise Global Equity Global Shareholder Yield Greater China Opportunities International Growth International Small Company International Value Equity | INCOME FUNDS Bond California Tax-Free Income Emerging Markets Debt Floating Rate Income Government Income High Yield High Yield Municipal Bond Income Investment Grade Bond Money Market Short Duration Credit Opportunities Spectrum Income Strategic Income Opportunities Tax-Free Bond ALTERNATIVE AND SPECIALTY FUNDS Absolute Return Currency Alternative Asset Allocation Enduring Assets Global Absolute Return Strategies Global Conservative Absolute Return Global Focused Strategies Redwood Seaport Long/Short Technical Opportunities |
ASSET ALLOCATION Balanced Income Allocation Multi-Index Lifetime Portfolios Multi-Index Preservation Portfolios Multimanager Lifestyle Portfolios Multimanager Lifetime Portfolios Retirement Income 2040 EXCHANGE-TRADED FUNDS John Hancock Multifactor Consumer Discretionary ETF John Hancock Multifactor Consumer Staples ETF John Hancock Multifactor Developed International ETF John Hancock Multifactor Energy ETF John Hancock Multifactor Financials ETF John Hancock Multifactor Healthcare ETF John Hancock Multifactor Industrials ETF John Hancock Multifactor Large Cap ETF John Hancock Multifactor Materials ETF John Hancock Multifactor Mid Cap ETF John Hancock Multifactor Small Cap ETF John Hancock Multifactor Technology ETF John Hancock Multifactor Utilities ETF | ENVIRONMENTAL, SOCIAL, AND GOVERNANCE FUNDS ESG All Cap Core ESG Core Bond ESG International Equity ESG Large Cap Core CLOSED-END FUNDS Financial Opportunities Hedged Equity & Income Income Securities Trust Investors Trust Preferred Income Preferred Income II Preferred Income III Premium Dividend Tax-Advantaged Dividend Income Tax-Advantaged Global Shareholder Yield |
John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.
John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Funds, LLC or Dimensional Fund Advisors LP.
Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.
John Hancock Investments
A trusted brand
John Hancock Investments is a premier asset manager representing one of
America's most trusted brands, with a heritage of financial stewardship dating
back to 1862. Helping our shareholders pursue their financial goals is at the
core of everything we do. It's why we support the role of professional financial
advice and operate with the highest standards of conduct and integrity.
A better way to invest
We serve investors globally through a unique multimanager approach: We
search the world to find proven portfolio teams with specialized expertise for
every strategy we offer, then we apply robust investment oversight to ensure
they continue to meet our uncompromising standards and serve the best
interests of our shareholders.
Results for investors
Our unique approach to asset management enables us to provide a diverse
set of investments backed by some of the world's best managers, along with
strong risk-adjusted returns across asset classes.
![]() | John Hancock Funds, LLC n Member FINRA, SIPC This report is for the information of the shareholders of John Hancock Multimanager Lifestyle Portfolios. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus. | |
MF552065 | LSSA 6/18 8/18 |
John Hancock
Retirement Income 2040 Fund
Semiannual report 6/30/18
A message to shareholders
Dear shareholder,
Financial markets around the world have experienced a meaningful rise in volatility so far this year, particularly when compared with the unusual calm of 2017. Although some in the asset management community believe it will be temporary, we have suggested for some time that the era of extremely low volatility would eventually come to an end, and that now appears to be the case. The robust economic growth in the United States has been periodically undermined by announcements of new rounds of tariffs and heightened fears of a full-blown trade war with China. The biggest threat today to the nine-year bull market may in fact be policy uncertainty, a theme that will likely only become more pronounced as we head into November's midterm elections.
The short-term uncertainty notwithstanding, the good news is that the asset prices are ultimately driven by fundamentals, and those continue to appear extremely supportive. Unemployment sits close to historic lows, consumer confidence is up and trending higher, and the housing market has continued to experience support from rising construction activity. That said, not all asset classes have benefited from the strong economic foundation in the United States. The dollar has strengthened significantly year to date, and the U.S. Federal Reserve has raised short-term interest rates twice in 2018 and appears on track for two more increases by year end. Against this backdrop, fixed-income and international investors have faced some challenging headwinds that may not abate in the near future.
Your best resource in unpredictable and volatile markets is your financial advisor, who can help position your portfolio so that it's sufficiently diversified to meet your long-term objectives and to withstand the inevitable turbulence along the way.
On behalf of everyone at John Hancock Investments, I'd like to take this opportunity to welcome new shareholders and to thank existing shareholders for the continued trust you've placed in us.
Sincerely,
Andrew G. Arnott
President and CEO,
John Hancock Investments
Head of Wealth and Asset Management,
United States and Europe
This commentary reflects the CEO's views, which are subject to change at any time. Investing involves risks, including the potential loss of principal. Diversification does not guarantee a profit or eliminate the risk of a loss. It is not possible to invest directly into an index. For more up-to-date information, please visit our website at jhinvestments.com.
John Hancock
Retirement Income 2040 Fund
INVESTMENT OBJECTIVE
The fund seeks to maintain and maximize regular cash distributions through December 2040 and to grow such distributions over time.
TOTAL RETURNS AS OF 6/30/18 (%)
The Bloomberg Barclays U.S. Aggregate Bond Index is an unmanaged index of dollar-denominated and non-convertible investment-grade debt issues.
It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower. Since inception returns for the Morningstar fund category average are not available.
The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Returns for periods shorter than one year are cumulative. Performance of the other share classes will vary based on the difference in the fees and expenses of those classes. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and can be found at jhinvestments.com or by calling 800-225-5291. For further information on the fund's objectives, risks, and strategy, see the fund's prospectus.
PERFORMANCE HIGHLIGHTS OVER THE LAST SIX MONTHS
Mixed returns for the financial markets
While domestic equities produced modest gains, both international stocks and bonds finished the semiannual period in the red.
The fund had a negative total return
Consistent with the broader investment environment, the fund posted a loss for the first six months of the year.
The fund's distributions increased
The fund's quarterly distributions in 2018 were higher than its payouts in September and December of 2017, as the fund redeployed some of the gains in equities into its fixed-income portfolio.
PORTFOLIO COMPOSITION AS OF 6/30/18 (%)
A note about risks
The fund is subject to the same risks as the underlying funds, exchange-traded funds, and securities in which it invests. Stocks can decline due to adverse issuer, market, regulatory, or economic developments. Foreign investing, especially in emerging markets, has additional risks, such as currency and market volatility and political and social instability. The value of a company's equity securities can change, sometimes significantly, based on a company's financial condition and volatility in the overall market and economic conditions. Fixed-income investments are subject to interest-rate and credit-rate risk; their value will normally decline as interest rates rise or if a creditor, grantor, or counterparty is unable or unwilling to make principal, interest, or settlement payments. Investments in lower-rated securities include a higher risk of default. The fund is designed to provide shareholders with regular cash distributions, which may include income, capital gains, and a return of capital. The fund may cease or reduce the level of its distribution or make a greater return of capital if income or dividends paid from its investments declines. Liquidity—the extent to which a security may be sold or a derivative position closed without negatively affecting its market value—may be impaired by reduced trading volume, heightened volatility, rising interest rates, and other market conditions. Please see the fund's prospectus for additional risks.
An interview with Portfolio Manager Claude Turcot, MSC, ACIA, ASA, CFA, John Hancock Asset Management a division of Manulife Asset Management (US) LLC
![claudeturcotmscaciaasa.jpg](https://capedge.com/proxy/N-CSRS/0001145443-18-000624/claudeturcotmscaciaasa.jpg)
Claude Turcot, MSC, ACIA,ASA, CFA
Portfolio Manager
John Hancock Asset Management
How did the financial markets perform during the six months ended June 30, 2018?
Financial assets generated mixed results in the semiannual period, as gauged by the 2.65% gain of the S&P 500 Index and losses of 0.43% for the MSCI All Country World Index and 1.62% for the fund's benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index.
The first half of 2018 was characterized by a backdrop of robust economic conditions in the United States, together with rising corporate earnings estimates and continued optimism surrounding the tax reduction enacted in late 2017. These factors buoyed most segments of the U.S. equity market and helped the broad-based domestic indexes produce a gain. However, volatility increased from last year's low level amid concerns about trade policy and monetary tightening by the U.S. Federal Reserve (Fed).
International stocks experienced much weaker performance, with most developed- and emerging-market indexes finishing in negative territory. The overseas markets were pressured by evidence of slowing growth outside of the United States and weakness in most major currencies against the U.S. dollar.
The bond market, for its part, was adversely affected by expectations that the favorable U.S. growth outlook would cause the Fed to continue raising interest rates. U.S. Treasury prices declined across all maturities in the first half of the year, leading to weak returns throughout the investment-grade bond market.
Can you explain the fund's objective?
The fund is designed to provide its shareholders with a steady stream of regular cash distributions through December 2040 using a mix of cash, fixed-income, and equity investments.
How did the fund perform?
The fund experienced a loss and finished behind its benchmark. The difference in return was largely the result of the variation in the fund's fixed-income holdings relative to those in the benchmark. In
With this said, it's essential to keep in mind that our goal isn't to outperform a specific index in any given 6- or 12-month period. Instead, we strive to construct a portfolio consistent with the fund's income requirements. We pursue a strategy that seeks to provide consistent payments and that has the potential to increase these payments through a combination of investment returns and the return of investor capital.
In the bond portfolio, we seek to hold a diversified mix of U.S. Treasuries and highly rated investment-grade corporate issues of varying maturities in an effort to maximize income potential and generate consistent payouts. We have a low-turnover approach in the bond portfolio, as we strive to buy securities and hold them until they mature. At the close of the period, the portfolio held 44.4% of its assets in U.S. Treasuries, with allocations to the higher-rated credit tiers within the corporate space. We don't invest in high-yield bonds (generally those rated BB and below), since this category features higher default risk, and our goal is that none of the fixed-income holdings should default over the life of the fund.
We also maintained a position in equities to generate an element of growth in the fund's income over time. We seek to achieve this by dynamically rebalancing the fund's weightings between stocks and bonds so that the potential gains in the equity portfolio will be reinvested into bonds, thereby increasing the portfolio's income.
QUALITY COMPOSITION AS OF 6/30/18 (%)
Within the equity portfolio, we allocated opportunistically among countries and sectors based on fundamentals and valuations. At the close of the period, for instance, the portfolio had a modest preference for international stocks over the United States. At the country level, we favored Japan and China but were less enthusiastic on India and Germany. With regard to sectors, we tilted the portfolio toward industrials and healthcare and away from consumer staples, information technology, and financials.
Overall, the fund maintained weightings of approximately 76% in bonds and 24% in stocks. Our expectation is that the allocation to stocks will gradually decline as the fund approaches its liquidation date in December 2040.
How have the fund's payouts fared since its inception in 2017?
The fund initially paid a distribution of $0.4767 per share on September 29, 2017, and it gradually increased the payout to $0.5063 in its most recent distribution on June 29, 2018.
MANAGED BY
![]() | Sonia Chatigny, MSC, CFA On the fund since inception Investing since 1996 |
![]() | Jean-Francois Giroux, MSC, FRM, CFA On the fund since inception Investing since 2001 |
![]() | Serge Lapierre, BSC, FCIA, FSA On the fund since inception Investing since 1994 |
![]() | Nadia Live, MSCA, CFA On the fund since inception Investing since 1998 |
![]() | Nicholas Scipio del Campo, BSC, MSC, CFA On the fund since inception Investing since 2005 |
![]() | Claude Turcot, MSC, ACIA, ASA, CFA On the fund since inception Investing since 1977 |
TOTAL RETURNS FOR THE PERIOD ENDED JUNE 30, 2018
Cumulative total returns (%) | ||||||
6-month | Since inception1 | |||||
Class R62 | -2.62 | 1.80 | ||||
Index† | -1.62 | -0.29 |
Performance figures assume all distributions have been reinvested. Sales charges are not applicable to Class R6 shares.
The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectus for the fund and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until April 30, 2019 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:
Class R6* | ||||
Gross (%) | 0.97 | |||
Net (%) | 0.51 |
*Expenses have been estimated for the first year of operations of the fund's Class R6 shares.
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.
The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800-225-5291 or visit the fund's website at jhinvestments.com.
The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The fund's performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.
† | Index is the Bloomberg Barclays U.S. Aggregate Bond Index. |
See the following page for footnotes.
This chart and table show what happened to a hypothetical $10,000 investment in John Hancock Retirement Income 2040 Fund for the share class and period indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in the Bloomberg Barclays U.S. Aggregate Bond Index.
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |
Class R6 | 7-6-2017 | 10,180 | 10,180 | 9,971 |
The Bloomberg Barclays U.S. Aggregate Bond Index is an unmanaged index of dollar-denominated and non-convertible investment-grade debt issues.
It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
Footnotes related to performance pages
1 | From 7-6-17. |
2 | For certain types of investors as described in the fund's prospectus. |
Your expenses |
These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds.
Understanding fund expenses
As a shareholder of the fund, you incur two types of costs:
● | Transaction costs, which include sales charges (loads) on purchases or redemptions (if applicable), minimum account fee charge, etc. |
● | Ongoing operating expenses, including management fees, distribution and service fees (if applicable), and other fund expenses. |
We are presenting only your ongoing operating expenses here.
Actual expenses/actual returns
The first line of the table on the following page is intended to provide information about the fund’s actual ongoing operating expenses, and is based on the fund’s actual return. It assumes an account value of $1,000.00 on January 1, 2018, with the same investment held until June 30, 2018.
Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at June 30, 2018, by $1,000.00, then multiply it by the “expenses paid” for your share class from the table. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:
![](https://capedge.com/proxy/N-CSRS/0001145443-18-000624/twodsc-fsx1x1.jpg)
Hypothetical example for comparison purposes
The second line of the table on the following page allows you to compare the fund’s ongoing operating expenses with those of any other fund. It provides an example of the fund’s hypothetical account values and hypothetical expenses based on the fund’s actual expense ratio and an assumed 5% annualized return before expenses (which is not the fund’s actual return). It assumes an account value of $1,000.00 on January 1, 2018, with the same investment held until June 30, 2018. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.
Remember, these examples do not include any transaction costs, therefore, these examples will not help you to determine the relative total costs of owning different funds. If transaction costs were included, your expenses would have been higher. See the prospectus for details regarding transaction costs.
SEMIANNUAL REPORT | JOHN HANCOCK RETIREMENT INCOME 2040 FUND 9 |
SHAREHOLDER EXPENSE EXAMPLE CHART |
Expenses | ||||||||||
Account | Ending | paid during | Annualized | |||||||
value on | value on | period ended | expense | |||||||
1-1-2018 | 6-30-2018 | 6-30-20181 | ratio2 | |||||||
Class R6 | Actual expenses/actual returns | $1,000.00 | $973.80 | $1.66 | 0.34% | |||||
Hypothetical example | 1,000.00 | 1,023.10 | 1.71 | 0.34% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). |
2 | Ratios do not include fees and expenses indirectly incurred by the underlying funds and can vary based on mixed of underlying funds held by the fund. The expense ratio of the underlying fund held by the fund was 0.53%. |
SEMIANNUAL REPORT | JOHN HANCOCK RETIREMENT INCOME 2040 FUND 10 |
Fund’s investments |
AS OF 6-30-18 (unaudited)
Rate (%) | Maturity date | Par value^ | Value | |||||
U.S. Government and Agency obligations 44.4% | $10,428,370 | |||||||
(Cost $10,652,773) | ||||||||
U.S. Government 44.4% | 10,428,370 | |||||||
U.S. Treasury | ||||||||
Bond | 3.500 | 02-15-39 | 345,000 | 375,363 | ||||
Bond | 3.875 | 08-15-40 | 205,000 | 235,606 | ||||
Bond | 4.250 | 05-15-39 | 225,000 | 271,143 | ||||
Bond | 4.250 | 11-15-40 | 280,000 | 339,095 | ||||
Bond | 4.375 | 02-15-38 | 385,000 | 468,828 | ||||
Bond | 4.375 | 11-15-39 | 205,000 | 251,453 | ||||
Bond | 4.500 | 02-15-36 | 725,000 | 885,859 | ||||
Bond | 4.500 | 05-15-38 | 245,000 | 303,427 | ||||
Bond | 4.625 | 02-15-40 | 510,000 | 646,505 | ||||
Bond | 4.750 | 02-15-37 | 290,000 | 367,246 | ||||
Bond | 5.000 | 05-15-37 | 420,000 | 547,920 | ||||
Bond | 5.250 | 02-15-29 | 410,000 | 498,967 | ||||
Bond | 5.375 | 02-15-31 | 610,000 | 770,292 | ||||
Bond | 5.500 | 08-15-28 | 375,000 | 461,382 | ||||
Bond | 6.000 | 02-15-26 | 40,000 | 48,700 | ||||
Bond | 6.125 | 08-15-29 | 175,000 | 228,895 | ||||
Bond | 6.250 | 05-15-30 | 590,000 | 789,102 | ||||
Bond | 6.500 | 11-15-26 | 115,000 | 146,400 | ||||
Bond | 6.625 | 02-15-27 | 350,000 | 451,377 | ||||
Bond | 6.750 | 08-15-26 | 70,000 | 89,947 | ||||
Bond | 7.625 | 11-15-22 | 5,000 | 6,007 | ||||
Bond | 8.125 | 08-15-21 | 345,000 | 401,426 | ||||
Note | 1.375 | 12-31-18 | 195,000 | 194,238 | ||||
Note | 1.500 | 11-30-19 | 460,000 | 453,783 | ||||
Note | 1.750 | 12-31-20 | 440,000 | 431,045 | ||||
Note | 2.000 | 02-15-25 | 170,000 | 161,639 | ||||
Note | 2.250 | 12-31-23 | 370,000 | 360,172 | ||||
Note | 2.250 | 11-15-27 | 40,000 | 38,009 | ||||
Note | 2.500 | 05-15-24 | 10,000 | 9,841 | ||||
Note | 2.750 | 02-15-24 | 195,000 | 194,703 | ||||
Corporate bonds 29.5% | $6,927,347 | |||||||
(Cost $7,380,242) | ||||||||
Consumer discretionary 3.5% | 809,510 | |||||||
Automobiles 0.6% | ||||||||
Ford Motor Company | 7.450 | 07-16-31 | 60,000 | 70,502 | ||||
General Motors Company | 6.600 | 04-01-36 | 55,000 | 59,496 | ||||
Hotels, restaurants and leisure 0.3% | ||||||||
McDonald’s Corp. | 6.300 | 03-01-38 | 60,000 | 71,688 | ||||
Internet and direct marketing retail 0.5% | ||||||||
Amazon.com, Inc. | 4.800 | 12-05-34 | 50,000 | 54,786 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK RETIREMENT INCOME 2040 FUND 11 |
Rate (%) | Maturity date | Par value^ | Value | |||||
Consumer discretionary (continued) | ||||||||
Internet and direct marketing retail (continued) | ||||||||
eBay, Inc. | 3.450 | 08-01-24 | 70,000 | $67,890 | ||||
Media 1.9% | ||||||||
Charter Communications Operating LLC | 5.375 | 04-01-38 | 75,000 | 70,805 | ||||
Comcast Corp. | 3.999 | 11-01-49 | 17,000 | 15,014 | ||||
Comcast Corp. | 4.049 | 11-01-52 | 43,000 | 37,473 | ||||
Comcast Corp. | 4.250 | 01-15-33 | 75,000 | 73,202 | ||||
Comcast Corp. | 6.500 | 11-15-35 | 55,000 | 65,354 | ||||
Comcast Corp. | 7.050 | 03-15-33 | 75,000 | 93,153 | ||||
Warner Media LLC | 3.875 | 01-15-26 | 85,000 | 81,602 | ||||
Specialty retail 0.2% | ||||||||
The Home Depot, Inc. | 5.875 | 12-16-36 | 40,000 | 48,545 | ||||
Consumer staples 1.2% | 291,854 | |||||||
Beverages 0.6% | ||||||||
Anheuser-Busch InBev Finance, Inc. | 4.700 | 02-01-36 | 85,000 | 86,094 | ||||
Anheuser-Busch InBev Worldwide, Inc. | 8.200 | 01-15-39 | 35,000 | 50,007 | ||||
Food products 0.2% | ||||||||
Kraft Heinz Foods Company | 6.875 | 01-26-39 | 55,000 | 64,522 | ||||
Personal products 0.4% | ||||||||
Johnson & Johnson | 4.375 | 12-05-33 | 85,000 | 91,231 | ||||
Energy 4.4% | 1,025,882 | |||||||
Energy equipment and services 0.3% | ||||||||
Halliburton Company | 4.850 | 11-15-35 | 60,000 | 62,007 | ||||
Oil, gas and consumable fuels 4.1% | ||||||||
Anadarko Petroleum Corp. | 6.200 | 03-15-40 | 45,000 | 50,667 | ||||
Anadarko Petroleum Corp. | 6.450 | 09-15-36 | 45,000 | 51,974 | ||||
Canadian Natural Resources, Ltd. | 6.250 | 03-15-38 | 45,000 | 53,051 | ||||
Canadian Natural Resources, Ltd. | 6.450 | 06-30-33 | 55,000 | 64,385 | ||||
ConocoPhillips | 5.900 | 10-15-32 | 80,000 | 93,195 | ||||
Energy Transfer LP | 6.050 | 06-01-41 | 50,000 | 49,871 | ||||
Energy Transfer LP | 7.500 | 07-01-38 | 45,000 | 51,331 | ||||
Exxon Mobil Corp. | 3.043 | 03-01-26 | 55,000 | 53,564 | ||||
Kinder Morgan Energy Partners LP | 5.800 | 03-15-35 | 75,000 | 76,640 | ||||
Kinder Morgan Energy Partners LP | 6.500 | 09-01-39 | 45,000 | 48,563 | ||||
Marathon Oil Corp. | 2.800 | 11-01-22 | 60,000 | 57,512 | ||||
Shell International Finance BV | 4.125 | 05-11-35 | 60,000 | 60,823 | ||||
Sunoco Logistics Partners Operations LP | 3.900 | 07-15-26 | 60,000 | 56,113 | ||||
TransCanada PipeLines, Ltd. | 4.625 | 03-01-34 | 85,000 | 84,878 | ||||
Valero Energy Corp. | 6.625 | 06-15-37 | 45,000 | 53,776 | ||||
Valero Energy Corp. | 7.500 | 04-15-32 | 45,000 | 57,532 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK RETIREMENT INCOME 2040 FUND 12 |
Rate (%) | Maturity date | Par value^ | Value | |||||
Financials 5.5% | $1,298,120 | |||||||
Banks 2.5% | ||||||||
Citigroup, Inc. | 6.000 | 10-31-33 | 85,000 | 94,924 | ||||
Citigroup, Inc. | 6.625 | 06-15-32 | 80,000 | 94,213 | ||||
Fifth Third Bancorp | 8.250 | 03-01-38 | 55,000 | 75,022 | ||||
HSBC Holdings PLC | 7.625 | 05-17-32 | 75,000 | 95,336 | ||||
JPMorgan Chase & Co. | 6.400 | 05-15-38 | 60,000 | 73,535 | ||||
U.S. Bancorp | 2.950 | 07-15-22 | 70,000 | 68,378 | ||||
Wells Fargo & Company | 3.500 | 03-08-22 | 80,000 | 79,718 | ||||
Capital markets 1.1% | ||||||||
Morgan Stanley | 3.125 | 07-27-26 | 100,000 | 92,990 | ||||
Morgan Stanley | 7.250 | 04-01-32 | 70,000 | 88,271 | ||||
The Goldman Sachs Group, Inc. | 6.125 | 02-15-33 | 80,000 | 91,434 | ||||
Diversified financial services 0.3% | ||||||||
AerCap Ireland Capital DAC | 3.950 | 02-01-22 | 65,000 | 64,600 | ||||
Insurance 1.6% | ||||||||
American International Group, Inc. | 3.875 | 01-15-35 | 95,000 | 84,355 | ||||
MetLife, Inc. | 6.500 | 12-15-32 | 50,000 | 61,499 | ||||
Prudential Financial, Inc. | 3.905 | 12-07-47 | 63,000 | 56,621 | ||||
The Progressive Corp. | 2.450 | 01-15-27 | 110,000 | 99,279 | ||||
The Travelers Companies, Inc. | 6.750 | 06-20-36 | 60,000 | 77,945 | ||||
Health care 3.4% | 800,404 | |||||||
Biotechnology 0.6% | ||||||||
AbbVie, Inc. | 4.500 | 05-14-35 | 85,000 | 83,298 | ||||
GlaxoSmithKline Capital, Inc. | 5.375 | 04-15-34 | 45,000 | 51,808 | ||||
Health care equipment and supplies 0.5% | ||||||||
Covidien International Finance SA | 6.550 | 10-15-37 | 60,000 | 76,102 | ||||
Medtronic, Inc. | 6.500 | 03-15-39 | 40,000 | 50,850 | ||||
Health care providers and services 1.4% | ||||||||
CVS Health Corp. | 4.750 | 12-01-22 | 100,000 | 103,704 | ||||
CVS Health Corp. | 4.780 | 03-25-38 | 100,000 | 98,846 | ||||
CVS Health Corp. | 4.875 | 07-20-35 | 65,000 | 65,271 | ||||
UnitedHealth Group, Inc. | 4.625 | 07-15-35 | 60,000 | 63,065 | ||||
Pharmaceuticals 0.9% | ||||||||
Allergan Funding SCS | 4.550 | 03-15-35 | 90,000 | 85,339 | ||||
Pfizer, Inc. | 3.400 | 05-15-24 | 55,000 | 55,117 | ||||
Wyeth LLC | 5.950 | 04-01-37 | 55,000 | 67,004 | ||||
Industrials 2.9% | 678,188 | |||||||
Aerospace and defense 0.3% | ||||||||
Lockheed Martin Corp. | 4.500 | 05-15-36 | 60,000 | 62,232 | ||||
Air freight and logistics 0.2% | ||||||||
FedEx Corp. | 4.900 | 01-15-34 | 50,000 | 52,630 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK RETIREMENT INCOME 2040 FUND 13 |
Rate (%) | Maturity date | Par value^ | Value | |||||
Industrials (continued) | ||||||||
Industrial conglomerates 1.5% | ||||||||
General Electric Company | 5.875 | 01-14-38 | 75,000 | $85,101 | ||||
General Electric Company | 6.750 | 03-15-32 | 70,000 | 85,400 | ||||
General Electric Company | 6.875 | 01-10-39 | 50,000 | 63,278 | ||||
Georgia-Pacific LLC | 8.875 | 05-15-31 | 50,000 | 73,092 | ||||
Honeywell International, Inc. | 3.812 | 11-21-47 | 40,000 | 39,128 | ||||
Road and rail 0.2% | ||||||||
CSX Corp. | 6.000 | 10-01-36 | 45,000 | 53,445 | ||||
Trading companies and distributors 0.7% | ||||||||
AerCap Ireland Capital DAC | 5.000 | 10-01-21 | 70,000 | 72,123 | ||||
International Lease Finance Corp. | 8.625 | 01-15-22 | 80,000 | 91,759 | ||||
Information technology 1.6% | 380,564 | |||||||
Software 1.2% | ||||||||
Microsoft Corp. | 3.500 | 02-12-35 | 65,000 | 62,944 | ||||
Microsoft Corp. | 4.100 | 02-06-37 | 60,000 | 62,471 | ||||
Microsoft Corp. | 4.200 | 11-03-35 | 55,000 | 57,797 | ||||
Oracle Corp. | 3.900 | 05-15-35 | 50,000 | 48,446 | ||||
Oracle Corp. | 6.125 | 07-08-39 | 40,000 | 49,035 | ||||
Technology hardware, storage and peripherals 0.4% | ||||||||
Dell International LLC (A) | 6.020 | 06-15-26 | 95,000 | 99,871 | ||||
Materials 1.5% | 355,044 | |||||||
Chemicals 0.8% | ||||||||
LyondellBasell Industries NV | 5.750 | 04-15-24 | 95,000 | 102,926 | ||||
Praxair, Inc. | 3.200 | 01-30-26 | 95,000 | 92,674 | ||||
Containers and packaging 0.3% | ||||||||
International Paper Company | 7.300 | 11-15-39 | 50,000 | 63,919 | ||||
Metals and mining 0.4% | ||||||||
Rio Tinto Finance USA, Ltd. | 3.750 | 06-15-25 | 95,000 | 95,525 | ||||
Telecommunication services 2.6% | 614,691 | |||||||
Diversified telecommunication services 2.4% | ||||||||
AT&T, Inc. | 4.500 | 05-15-35 | 90,000 | 83,196 | ||||
AT&T, Inc. (A) | 5.150 | 11-15-46 | 110,000 | 103,552 | ||||
AT&T, Inc. | 5.350 | 09-01-40 | 50,000 | 48,766 | ||||
Deutsche Telekom International Finance BV | 9.250 | 06-01-32 | 50,000 | 71,516 | ||||
Verizon Communications, Inc. (A) | 4.329 | 09-21-28 | 102,000 | 101,171 | ||||
Verizon Communications, Inc. | 4.400 | 11-01-34 | 80,000 | 74,567 | ||||
Verizon Communications, Inc. | 5.250 | 03-16-37 | 75,000 | 76,977 | ||||
Wireless telecommunication services 0.2% | ||||||||
Vodafone Group PLC | 6.150 | 02-27-37 | 50,000 | 54,946 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK RETIREMENT INCOME 2040 FUND 14 |
Rate (%) | Maturity date | Par value^ | Value | ||||||
Utilities 2.9% | $673,090 | ||||||||
Electric utilities 2.5% | |||||||||
Duke Energy Carolinas LLC | 6.050 | 04-15-38 | 60,000 | 74,460 | |||||
Duke Energy Carolinas LLC | 6.450 | 10-15-32 | 75,000 | 92,923 | |||||
Florida Power & Light Company | 5.950 | 02-01-38 | 60,000 | 74,941 | |||||
MidAmerican Energy Company | 5.750 | 11-01-35 | 70,000 | 84,774 | |||||
Oncor Electric Delivery Company LLC | 5.250 | 09-30-40 | 45,000 | 52,097 | |||||
Pacific Gas & Electric Company | 6.050 | 03-01-34 | 80,000 | 86,390 | |||||
Pacific Gas & Electric Company | 6.250 | 03-01-39 | 45,000 | 49,325 | |||||
PacifiCorp | 5.250 | 06-15-35 | 55,000 | 62,470 | |||||
Multi-utilities 0.4% | |||||||||
DTE Energy Company | 6.375 | 04-15-33 | 80,000 | 95,710 | |||||
Shares | Value | ||||||||
Affiliated investment companies 24.8% | $5,820,635 | ||||||||
(Cost $5,997,146) | |||||||||
Equity 24.8% | 5,820,635 | ||||||||
Strategic Equity Allocation, Class NAV, JHF II | |||||||||
(JHAM) (B)(C) | 449,817 | 5,820,635 | |||||||
Yield (%) | Shares | Value | |||||||
Short-term investments 0.3% | $81,042 | ||||||||
(Cost $81,042) | |||||||||
Money market funds 0.3% | 81,042 | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier | |||||||||
Class | 1.8098(D) | 81,042 | 81,042 | ||||||
Total investments (Cost $24,111,203) 99.0% | $23,257,394 | ||||||||
Other assets and liabilities, net 1.0% | 224,315 | ||||||||
Total net assets 100.0% | $23,481,709 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. |
^All par values are denominated in U.S. dollars unless otherwise indicated. |
Security Abbreviations and Legend |
JHAM | John Hancock Asset Management |
JHF II | John Hancock Funds II |
(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) | The subadvisor is an affiliate of the advisor. |
(C) | Manulife Asset Management (US) LLC is doing business as John Hancock Asset Management. |
(D) | The rate shown is the annualized seven-day yield as of 6-30-18. |
At 6-30-18, the aggregate cost of investments for federal income tax purposes was $24,273,177. Net unrealized depreciation aggregated to $1,015,783, of which $2,161 related to gross unrealized appreciation and $1,017,944 related to gross unrealized depreciation.
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK RETIREMENT INCOME 2040 FUND 15 |
Financial statements |
STATEMENT OF ASSETS AND LIABILITIES 6-30-18 (unaudited) |
Assets | |||
Unaffiliated investments, at value (Cost $18,114,057) | $17,436,759 | ||
Affiliated funds, at value (Cost $5,997,146) | 5,820,635 | ||
Total investments, at value (Cost $24,111,203) | 23,257,394 | ||
Interest receivable | 209,066 | ||
Receivable for investments sold | 277,612 | ||
Receivable from affiliates | 4,318 | ||
Other assets | 12,920 | ||
Total assets | 23,761,310 | ||
Liabilities | |||
Distributions payable | 243,401 | ||
Payable to affiliates | |||
Accounting and legal services fees | 1,383 | ||
Transfer agent fees | 236 | ||
Trustees’ fees | 289 | ||
Other liabilities and accrued expenses | 34,292 | ||
Total liabilities | 279,601 | ||
Net assets | $23,481,709 | ||
Net assets consist of | |||
Paid-in capital | $24,038,503 | ||
Distributions in excess of net investment income | (248,557 | ) | |
Accumulated net realized gain (loss) on investments | 545,572 | ||
Net unrealized appreciation (depreciation) on investments | (853,809 | ) | |
Net assets | $23,481,709 | ||
Net asset value per share | |||
Based on net asset value and shares outstanding - the fund has an unlimited number of shares | |||
authorized with no par value | |||
Class R6 ($23,481,709 ÷ 480,831 shares) | $48.84 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK RETIREMENT INCOME 2040 FUND 16 |
STATEMENT OF OPERATIONS For the six months ended 6-30-18 (unaudited) |
Investment income | |||
Interest | $ | 278,021 | |
Expenses | |||
Investment management fees | 47,322 | ||
Accounting and legal services fees | 1,843 | ||
Transfer agent fees | 1,422 | ||
Trustees’ fees | 547 | ||
Custodian fees | 17,990 | ||
State registration fees | 20,695 | ||
Printing and postage | 24,437 | ||
Professional fees | 145,881 | ||
Other | 5,240 | ||
Total expenses | 265,377 | ||
Less expense reductions | (225,153 | ) | |
Net expenses | 40,224 | ||
Net investment income | 237,797 | ||
Realized and unrealized gain (loss) | |||
Net realized gain (loss) on | |||
Unaffiliated investments | (56,883 | ) | |
Affiliated funds | (41,877 | ) | |
(98,760 | ) | ||
Change in net unrealized appreciation (depreciation) of | |||
Unaffiliated investments | (862,769 | ) | |
Affiliated funds | 78,798 | ||
(783,971 | ) | ||
Net realized and unrealized loss | (882,731 | ) | |
Decrease in net assets from operations | $ | (644,934 | ) |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK RETIREMENT INCOME 2040 FUND 17 |
STATEMENTS OF CHANGES IN NET ASSETS |
Six months ended 6-30-18 | ||||||||||
(unaudited) | Period ended 12-31-171 | |||||||||
Increase (decrease) in net assets | ||||||||||
From operations | ||||||||||
Net investment income | $237,797 | $324,823 | ||||||||
Net realized gain (loss) | (98,760 | ) | 827,232 | |||||||
Change in net unrealized appreciation (depreciation) | (783,971 | ) | (69,838 | ) | ||||||
Increase (decrease) in net assets resulting from | ||||||||||
operations | (644,934 | ) | 1,082,217 | |||||||
Distributions to shareholders | ||||||||||
From net investment income | ||||||||||
Class R6 | (486,841 | ) | (470,785 | ) | ||||||
From net realized gain | ||||||||||
Class R6 | — | (40,501 | ) | |||||||
Total distributions | (486,841 | ) | (511,286 | ) | ||||||
From fund share transactions | 40 | 24,042,513 | ||||||||
Total increase (decrease) | (1,131,735 | ) | 24,613,444 | |||||||
Net assets | ||||||||||
Beginning of period | 24,613,444 | — | ||||||||
End of period | $23,481,709 | $24,613,444 | ||||||||
Undistributed (Distributions in excess of) net | ||||||||||
investment income | $(248,557 | ) | $487 |
1 | Period from 7-6-17 (commencement of operations) to 12-31-17. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK RETIREMENT INCOME 2040 FUND 18 |
Financial highlights |
CLASS R6 SHARES Period ended | 6-30-181 | 12-31-172 | |||||||||
Per share operating performance | |||||||||||
Net asset value, beginning of period | $ | 51.19 | $ | 50.00 | |||||||
Net investment income3,4 | 0.49 | 0.69 | |||||||||
Net realized and unrealized gain (loss) on investments | (1.83 | ) | 1.56 | ||||||||
Total from investment operations | (1.34 | ) | 2.25 | ||||||||
Less distributions | |||||||||||
From net investment income | (1.01 | ) | (0.98 | ) | |||||||
From net realized gain | — | (0.08 | ) | ||||||||
Total distributions | (1.01 | ) | (1.06 | ) | |||||||
Net asset value, end of period | $ | 48.84 | $ | 51.19 | |||||||
Total return (%)5 | (2.62 | )6 | 4.53 | 6 | |||||||
Ratios and supplemental data | |||||||||||
Net assets, end of period (in millions) | $ | 23 | $ | 25 | |||||||
Ratios (as a percentage of average net assets): | |||||||||||
Expenses before reductions7 | 1.69 | 8 | 0.88 | 9 | |||||||
Expenses including reductions7 | 0.34 | 8 | 0.34 | 9 | |||||||
Net investment income4 | 2.01 | 8 | 2.29 | 9 | |||||||
Portfolio turnover (%) | 13 | 17 |
1 | Six months ended 6-30-18. Unaudited. |
2 | Period from 7-6-17 (commencement of operations) to 12-31-17. |
3 | Based on average daily shares outstanding. |
4 | Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the fund invests. |
5 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
6 | Not annualized. |
7 | Ratios do not include expense indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the fund. The expense ratios of the underlying fund held by the fund was 0.53% for the periods ended 6-30-18 and 12-31-17. |
8 | Annualized. |
9 | Annualized. Certain income and expenses are presented unannualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK RETIREMENT INCOME 2040 FUND 19 |
Note 1 — Organization
John Hancock Retirement Income 2040 Fund (the fund) is a series of John Hancock Funds II (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective of the fund is to maintain and maximize regular cash distributions through December 2040 and to grow such distributions over time.
The fund operates in part as a fund of funds and may invest in other funds for which the fund's investment advisor or an affiliate serves as investment advisor, as well as funds advised by an entity that is not affiliated with the fund's investment advisor (collectively, "Underlying Funds"). Class R6 shares are only available to certain retirement plans, institutions and other investors.
The accounting policies of the John Hancock underlying funds in which the fund invests are outlined in the underlying funds' shareholder reports, which include the underlying funds' financial statements, available without charge by calling 800-344-1029 or visiting jhinvestments.com, on the Securities and Exchange Commission (SEC) website at sec.gov or at the SEC's public reference room in Washington, D.C. The underlying funds are not covered by this report.
Note 2 — Significant accounting policies
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of US GAAP.
Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the fund:
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: Debt obligations are valued based on the evaluated prices provided by an independent pricing vendor or from broker-dealers. Independent pricing vendors utilize matrix pricing which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. Investments by the fund in underlying affiliated funds and other open-end management investment companies are valued at their respective NAVs each business day.
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, 2018, all investments are categorized as Level 2 under the hierarchy described above, except for affiliated investment companies and the money market fund, which are categorized as Level 1.
Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Interest income includes coupon interest and amortization/accretion of premiums/discounts on debt securities. Debt obligations may be placed in a non-accrual status and related interest income may be reduced by stopping current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation. Income and capital gain distributions from underlying funds are recorded on ex-date.
Line of credit. The fund may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the fund's custodian agreement, the custodian may loan money to the fund to make properly authorized payments. The fund is obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.
The fund and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $750 million unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, the fund can borrow up to an aggregate commitment amount of $500 million, subject to asset coverage and other limitations as specified in the agreement. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of the line of credit, is charged to each participating fund based on a combination of fixed and asset based allocations and is reflected in Other expenses on the Statement of operations. For the six months ended June 30, 2018, the fund had no borrowings under the line of credit. Commitment fees for the six months ended June 30, 2018 were $332.
Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund's relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Federal income taxes. The fund intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.
As of December 31, 2017, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund's federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.
Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The fund generally declares dividends daily and pays them quarterly. Capital gain distributions, if any, are typically distributed annually.
Such distributions, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund's financial statements as a return of capital. The final determination of tax characteristics of the fund's distribution will occur at the end of the year and will
subsequently be reported to shareholders. Short-term gains from underlying funds are treated as ordinary income for tax purposes.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to characterization of distributions and amortization and accretion on debt securities.
Note 3 — Guarantees and indemnifications
Under the Trust's organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the fund. Additionally, in the normal course of business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.
Note 4 — Fees and transactions with affiliates
John Hancock Advisers, LLC (the Advisor) serves as investment advisor for the fund. John Hancock Funds, LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the fund. The Advisor and the Distributor are indirect, wholly owned subsidiaries of Manulife Financial Corporation (MFC).
Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor, equivalent on an annual basis of 0.40% on the average daily net assets of the fund. The Advisor has a subadvisory agreement with John Hancock Asset Management a division of Manulife Asset Management (North America) Limited, an indirectly owned subsidiary of MFC and an affiliate of the Advisor. The fund is not responsible for payment of the subadvisory fees.
To the extent that expenses of Class R6 shares exceed 0.34% of average net assets attributable to the class ("expense limitation"), the Advisor has contractually agreed to reduce its management fee or, if necessary,make payment to the class in an amount equal to the amount by which expenses of the share class exceed the expense limitation. For purposes of this agreement, "expenses of Class R6 shares" means all expenses of the class (including fund expenses attributable to the class), excluding taxes; portfolio brokerage commissions; interest expense; litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the fund's business; acquired fund fees (underlying fund fees); borrowing costs; prime brokerage fees; and short dividend expense. The expense limitation expired on June 30, 2018.
The advisor voluntarily agrees to reduce its advisory fee by an annual rate of 0.12% of the fund's average net assets. This agreement will continue in effect until terminated at any time by the advisor on notice to the fund. Prior to May 1, 2018, the waiver was 0.15%.
The expense reductions described above amounted to $225,153 for the six months ended June 30, 2018.
Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.
The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the six months ended June 30, 2018 were equivalent to a net annual effective rate of 0.00% of the fund's average daily net assets.
Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class, if applicable, based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred for the six months ended June 30, 2018 amounted to an annual rate of 0.02% of the fund's average daily net assets.
Transfer agent fees. The John Hancock Group of Funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.
Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to the fund based on its net assets relative to other funds within the John Hancock group of funds complex.
Note 5 — Fund share transactions
Transactions in fund shares for the six months ended June 30, 2018 were as follows:
Six months ended 6-30-18 | Period ended 12-31-171 | |||||||
Shares | Amount | Shares | Amount | |||||
Class R6 shares | ||||||||
Sold | — | — | 480,039 | $24,002,000 | ||||
Distributions reinvested | 1 | $40 | 791 | 40,513 | ||||
Net increase | 1 | $40 | 480,830 | $24,042,513 | ||||
Total net increase | 1 | $40 | 480,830 | $24,042,513 |
1 Period from 7-6-17 (commencement of operations) to 12-31-17.
Affiliates of the fund owned 100% of shares of Class R6 on June 30, 2018. Such concentration of shareholders' capital could have a material effect on the fund if such shareholders redeem from the fund.
Note 6 — Purchase and sale of securities
Purchases and sales of securities, other than short-term securities and U.S. Treasury obligations, amounted to $1,588,603 and $1,443,946, respectively, for the six months ended June 30, 2018. Purchases and sales of U.S. Treasury obligations aggregated $1,574,590 and $1,580,430, respectively, for the six months ended June 30, 2018.
Note 7 — Investment in affiliated underlying funds
The fund invests in affiliated underlying funds that are managed by the Advisor and its affiliates. The fund does not invest in the affiliated underlying funds for the purpose of exercising management or control; however, the fund's investment may represent a significant portion of the underlying fund's net assets. At June 30, 2018, the fund did not hold 5% or more of the net assets of any underlying fund.
Information regarding the fund's purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the fund from investments in affiliated underlying funds during the period is as follows:
Dividends and distributions | ||||||||||||||||||||||||||||||||||||||
Fund | Beginning share amount | Shares purchased | Shares sold | Ending share amount | Income distributions received | Capital gain distributions received | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Ending value | |||||||||||||||||||||||||||||
Strategic Equity Allocation | 459,190 | 78,406 | (87,779 | ) | 449,817 | — | — | ($41,877 | ) | $78,798 | $5,820,635 |
Trustees Hassell H. McClellan, Chairperson Officers Andrew G. Arnott John J. Danello Francis V. Knox, Jr. Charles A. Rizzo Salvatore Schiavone | Investment advisor John Hancock Advisers, LLC Subadvisor John Hancock Asset Management a division of Manulife Asset Management (North America) Limited Principal distributor John Hancock Funds, LLC Custodian State Street Bank and Trust Company Transfer agent John Hancock Signature Services, Inc. Legal counsel K&L Gates LLP |
*Member of the Audit Committee
†Non-Independent Trustee
#Effective 6-19-18
The fund's proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.
The fund's complete list of portfolio holdings, for the first and third fiscal quarters, is filed with the SEC on Form N-Q. The fund's Form N-Q is available on our website and the SEC's website, sec.gov, and can be reviewed and copied (for a fee) at the SEC's Public Reference Room in Washington, DC. Call 800-SEC-0330 to receive information on the operation of the SEC's Public Reference Room.
We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.
You can also contact us: | |||
800-225-5291 jhinvestments.com | Regular mail: John Hancock Signature Services, Inc. | Express mail: John Hancock Signature Services, Inc. |
John Hancock family of funds
DOMESTIC EQUITY FUNDS Blue Chip Growth Classic Value Disciplined Value Disciplined Value Mid Cap Equity Income Financial Industries Fundamental All Cap Core Fundamental Large Cap Core Fundamental Large Cap Value Natural Resources New Opportunities Regional Bank Small Cap Core Small Cap Growth Small Cap Value Strategic Growth U.S. Global Leaders Growth U.S. Growth Value Equity GLOBAL AND INTERNATIONAL EQUITY FUNDS Disciplined Value International Emerging Markets Emerging Markets Equity Fundamental Global Franchise Global Equity Global Shareholder Yield Greater China Opportunities International Growth International Small Company International Value Equity | INCOME FUNDS Bond California Tax-Free Income Emerging Markets Debt Floating Rate Income Government Income High Yield High Yield Municipal Bond Income Investment Grade Bond Money Market Short Duration Credit Opportunities Spectrum Income Strategic Income Opportunities Tax-Free Bond ALTERNATIVE AND SPECIALTY FUNDS Absolute Return Currency Alternative Asset Allocation Enduring Assets Global Absolute Return Strategies Global Conservative Absolute Return Global Focused Strategies Redwood Seaport Long/Short Technical Opportunities |
A fund's investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investments at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.
ASSET ALLOCATION Balanced Income Allocation Multi-Index Lifetime Portfolios Multi-Index Preservation Portfolios Multimanager Lifestyle Portfolios Multimanager Lifetime Portfolios Retirement Income 2040 EXCHANGE-TRADED FUNDS John Hancock Multifactor Consumer Discretionary ETF John Hancock Multifactor Consumer Staples ETF John Hancock Multifactor Developed International ETF John Hancock Multifactor Energy ETF John Hancock Multifactor Financials ETF John Hancock Multifactor Healthcare ETF John Hancock Multifactor Industrials ETF John Hancock Multifactor Large Cap ETF John Hancock Multifactor Materials ETF John Hancock Multifactor Mid Cap ETF John Hancock Multifactor Small Cap ETF John Hancock Multifactor Technology ETF John Hancock Multifactor Utilities ETF | ENVIRONMENTAL, SOCIAL, AND GOVERNANCE FUNDS ESG All Cap Core ESG Core Bond ESG International Equity ESG Large Cap Core CLOSED-END FUNDS Financial Opportunities Hedged Equity & Income Income Securities Trust Investors Trust Preferred Income Preferred Income II Preferred Income III Premium Dividend Tax-Advantaged Dividend Income Tax-Advantaged Global Shareholder Yield |
John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed
from the fund. Brokerage commissions will reduce returns.
John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Dimensional Fund Advisors LP.
Foreside is not affiliated with John Hancock Funds, LLC or Dimensional Fund Advisors LP.
Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the
John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no
representation as to the advisability of investing in, John Hancock Multifactor ETFs.
John Hancock Investments
A trusted brand
John Hancock Investments is a premier asset manager representing one of
America's most trusted brands, with a heritage of financial stewardship dating
back to 1862. Helping our shareholders pursue their financial goals is at the
core of everything we do. It's why we support the role of professional financial
advice and operate with the highest standards of conduct and integrity.
A better way to invest
We serve investors globally through a unique multimanager approach:
We search the world to find proven portfolio teams with specialized
expertise for every strategy we offer, then we apply robust investment
oversight to ensure they continue to meet our uncompromising standards
and serve the best interests of our shareholders.
Results for investors
Our unique approach to asset management enables us to provide a diverse set
of investments backed by some of the world's best managers, along with strong
risk-adjusted returns across asset classes.
![]() | John Hancock Funds, LLC n Member FINRA, SIPC 601 Congress Street n Boston, MA 02210-2805 800-225-5291 n jhinvestments.com | |
This report is for the information of the shareholders of John Hancock Retirement Income 2040 Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus. | ||
MF552066 | 621SA 6/18 8/18 |
ITEM 2. CODE OF ETHICS.
(a) Not Applicable
(b) Not Applicable
(c) Not Applicable
(d) Not Applicable
(e) Not Applicable
(f) Not Applicable
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Not Applicable
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
(a) Not Applicable
(b) Not Applicable
(c) Not Applicable
(d) Not Applicable
(e) Not Applicable
(f) Not Applicable
(g) Not Applicable
(h) Not Applicable
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS
Not Applicable.
ITEM 6. SCHEDULE OF INVESTMENTS.
(a) Included with Item 1.
(b) Not Applicable
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not Applicable.
ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not Applicable.
ITEM 9. PURCHASE OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANIES AND AFFILIATED PURCHASERS.
Not Applicable.
ITEM 10. SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS.
Not Applicable.
ITEM 11. CONTROLS AND PROCEDURES.
(a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-CSR, the registrant's principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.
(b) There were no changes in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
ITEM 12. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.: Not applicable.
ITEM 13. EXHIBITS.
(a)(1) Not applicable
(a)(2)(i) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER.
(a)(2)(ii) CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER.
(b) CERTIFICATION PURSUANT TO Rule 30a-2(b) OF THE INVESTMENT COMPANY ACT OF 1940
(c)(1) Submission of Matters to a Vote of Security Holders is attached. See attached “John Hancock Funds – Nominating and Governance Committee Charter”.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
JOHN HANCOCK FUNDS II |
/s/ Andrew Arnott |
Andrew Arnott |
President |
Date: August 22, 2018 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
/s/ Andrew Arnott |
Andrew Arnott |
President |
Date: August 22, 2018 |
/s/ Charles A. Rizzo |
Charles A. Rizzo |
Chief Financial Officer |
Date: August 22, 2018 |