John Hancock
Corporate Bond ETF
Quarterly portfolio holdings 7/31/2021
![](https://capedge.com/proxy/NPORT-P/0001145549-21-058937/img72940d1b1.gif)
Fund’s investments |
As of 7-31-21 (unaudited)
Rate (%) | Maturity date | Par value^ | Value | ||
Corporate bonds 99.0% | $20,636,439 | ||||
(Cost $19,807,522) | |||||
Communication services 11.5% | 2,391,066 | ||||
Diversified telecommunication services 4.2% | |||||
AT&T, Inc. | 3.100 | 02-01-43 | 210,000 | 209,859 | |
AT&T, Inc. | 3.500 | 06-01-41 | 120,000 | 127,484 | |
Level 3 Financing, Inc. (A) | 3.400 | 03-01-27 | 200,000 | 211,794 | |
Verizon Communications, Inc. | 2.650 | 11-20-40 | 330,000 | 323,081 | |
Entertainment 1.0% | |||||
The Walt Disney Company | 1.750 | 01-13-26 | 200,000 | 206,708 | |
Media 4.3% | |||||
Charter Communications Operating LLC | 3.500 | 06-01-41 | 420,000 | 428,759 | |
Comcast Corp. | 3.750 | 04-01-40 | 400,000 | 463,684 | |
Wireless telecommunication services 2.0% | |||||
T-Mobile USA, Inc. | 2.550 | 02-15-31 | 410,000 | 419,697 | |
Consumer discretionary 9.7% | 2,019,456 | ||||
Automobiles 2.5% | |||||
General Motors Financial Company, Inc. | 2.700 | 08-20-27 | 290,000 | 303,941 | |
Hyundai Capital America (A) | 2.375 | 10-15-27 | 200,000 | 206,339 | |
Hotels, restaurants and leisure 4.1% | |||||
Booking Holdings, Inc. | 4.625 | 04-13-30 | 200,000 | 240,478 | |
Expedia Group, Inc. | 3.250 | 02-15-30 | 300,000 | 314,880 | |
Marriott International, Inc. | 4.625 | 06-15-30 | 260,000 | 301,062 | |
Internet and direct marketing retail 2.0% | |||||
Amazon.com, Inc. | 2.500 | 06-03-50 | 440,000 | 423,511 | |
Multiline retail 1.1% | |||||
Dollar Tree, Inc. | 4.200 | 05-15-28 | 200,000 | 229,245 | |
Consumer staples 1.2% | 249,178 | ||||
Beverages 1.2% | |||||
Anheuser-Busch InBev Worldwide, Inc. | 4.600 | 04-15-48 | 200,000 | 249,178 | |
Energy 10.3% | 2,153,780 | ||||
Oil, gas and consumable fuels 10.3% | |||||
Aker BP ASA (A) | 3.750 | 01-15-30 | 300,000 | 325,966 | |
Cenovus Energy, Inc. | 5.400 | 06-15-47 | 200,000 | 248,800 | |
Enbridge, Inc. (5.750% to 4-15-30, then 5 Year CMT + 5.314%) | 5.750 | 07-15-80 | 280,000 | 316,403 | |
Energy Transfer LP | 5.250 | 04-15-29 | 200,000 | 238,331 | |
Kinder Morgan, Inc. | 3.600 | 02-15-51 | 200,000 | 208,997 | |
MPLX LP | 4.000 | 03-15-28 | 270,000 | 303,124 | |
Sabine Pass Liquefaction LLC | 4.200 | 03-15-28 | 270,000 | 306,233 | |
The Williams Companies, Inc. | 2.600 | 03-15-31 | 200,000 | 205,926 | |
Financials 26.9% | 5,607,159 | ||||
Banks 17.2% | |||||
Bank of America Corp. (2.592% to 4-29-30, then SOFR + 2.150%) | 2.592 | 04-29-31 | 490,000 | 507,856 | |
Barclays PLC | 4.375 | 01-12-26 | 400,000 | 451,140 | |
Citigroup, Inc. (2.976% to 11-5-29, then SOFR + 1.422%) | 2.976 | 11-05-30 | 400,000 | 427,816 | |
Citizens Financial Group, Inc. | 3.250 | 04-30-30 | 400,000 | 438,904 | |
JPMorgan Chase & Co. (2.739% to 10-15-29, then SOFR + 1.510%) | 2.739 | 10-15-30 | 400,000 | 422,703 | |
Lloyds Banking Group PLC | 4.450 | 05-08-25 | 400,000 | 449,245 | |
Santander Holdings USA, Inc. | 4.400 | 07-13-27 | 400,000 | 452,053 | |
Wells Fargo & Company (2.879% to 10-30-29, then SOFR + 1.432%) | 2.879 | 10-30-30 | 400,000 | 427,451 |
2 | JOHN HANCOCK CORPORATE BOND ETF | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Capital markets 5.4% | |||||
Ares Capital Corp. | 3.875 | 01-15-26 | 200,000 | $215,865 | |
Morgan Stanley (3.772% to 1-24-28, then 3 month LIBOR + 1.140%) | 3.772 | 01-24-29 | 450,000 | 506,030 | |
The Goldman Sachs Group, Inc. (1.431% to 3-9-26, then SOFR + 0.798%) | 1.431 | 03-09-27 | 400,000 | 401,933 | |
Diversified financial services 1.1% | |||||
Jefferies Group LLC | 4.150 | 01-23-30 | 200,000 | 228,565 | |
Insurance 3.2% | |||||
Brighthouse Financial, Inc. | 3.700 | 06-22-27 | 200,000 | 220,906 | |
Prudential Financial, Inc. (5.875% to 9-15-22, then 3 month LIBOR + 4.175%) | 5.875 | 09-15-42 | 200,000 | 210,800 | |
Teachers Insurance & Annuity Association of America (A) | 4.270 | 05-15-47 | 200,000 | 245,892 | |
Health care 7.9% | 1,648,323 | ||||
Biotechnology 1.1% | |||||
AbbVie, Inc. | 3.200 | 11-21-29 | 200,000 | 219,569 | |
Health care providers and services 4.8% | |||||
AmerisourceBergen Corp. | 3.450 | 12-15-27 | 200,000 | 220,609 | |
CVS Health Corp. | 4.300 | 03-25-28 | 310,000 | 358,940 | |
HCA, Inc. | 4.125 | 06-15-29 | 200,000 | 228,276 | |
Universal Health Services, Inc. (A) | 2.650 | 10-15-30 | 200,000 | 203,260 | |
Pharmaceuticals 2.0% | |||||
Royalty Pharma PLC (A) | 1.750 | 09-02-27 | 200,000 | 201,157 | |
Viatris, Inc. (A) | 4.000 | 06-22-50 | 200,000 | 216,512 | |
Industrials 5.6% | 1,172,335 | ||||
Aerospace and defense 1.0% | |||||
The Boeing Company | 3.750 | 02-01-50 | 210,000 | 218,262 | |
Airlines 1.1% | |||||
Delta Air Lines, Inc. (A) | 4.750 | 10-20-28 | 200,000 | 223,500 | |
Industrial conglomerates 1.7% | |||||
General Electric Company | 4.250 | 05-01-40 | 300,000 | 358,032 | |
Trading companies and distributors 1.8% | |||||
AerCap Ireland Capital DAC | 3.650 | 07-21-27 | 150,000 | 161,072 | |
Air Lease Corp. | 2.875 | 01-15-26 | 200,000 | 211,469 | |
Information technology 12.0% | 2,492,180 | ||||
Communications equipment 0.6% | |||||
Motorola Solutions, Inc. | 2.300 | 11-15-30 | 125,000 | 124,976 | |
IT services 1.0% | |||||
Visa, Inc. | 2.700 | 04-15-40 | 200,000 | 209,353 | |
Semiconductors and semiconductor equipment 3.7% | |||||
Broadcom, Inc. (A) | 2.450 | 02-15-31 | 210,000 | 209,198 | |
Micron Technology, Inc. | 4.185 | 02-15-27 | 200,000 | 226,518 | |
NVIDIA Corp. | 2.850 | 04-01-30 | 300,000 | 328,042 | |
Software 3.6% | |||||
Microsoft Corp. | 2.525 | 06-01-50 | 430,000 | 429,783 | |
Oracle Corp. | 2.300 | 03-25-28 | 310,000 | 321,729 | |
Technology hardware, storage and peripherals 3.1% | |||||
Apple, Inc. | 1.200 | 02-08-28 | 400,000 | 397,039 | |
Dell International LLC | 8.350 | 07-15-46 | 150,000 | 245,542 | |
Materials 3.1% | 638,213 | ||||
Chemicals 1.0% | |||||
International Flavors & Fragrances, Inc. (A) | 1.832 | 10-15-27 | 200,000 | 202,357 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK CORPORATE BOND ETF | 3 |
Rate (%) | Maturity date | Par value^ | Value | ||
Materials (continued) | |||||
Construction materials 1.1% | |||||
Vulcan Materials Company | 3.500 | 06-01-30 | 200,000 | $222,956 | |
Metals and mining 1.0% | |||||
Newmont Corp. | 2.800 | 10-01-29 | 200,000 | 212,900 | |
Real estate 5.6% | 1,174,901 | ||||
Equity real estate investment trusts 5.6% | |||||
American Tower Corp. | 3.800 | 08-15-29 | 200,000 | 225,237 | |
CyrusOne LP | 2.150 | 11-01-30 | 210,000 | 202,577 | |
Equinix, Inc. | 1.550 | 03-15-28 | 200,000 | 199,182 | |
GLP Capital LP | 5.375 | 04-15-26 | 200,000 | 231,476 | |
Host Hotels & Resorts LP | 3.375 | 12-15-29 | 300,000 | 316,429 | |
Utilities 5.2% | 1,089,848 | ||||
Electric utilities 4.0% | |||||
NextEra Energy Capital Holdings, Inc. | 2.750 | 11-01-29 | 250,000 | 266,669 | |
NRG Energy, Inc. (A) | 4.450 | 06-15-29 | 270,000 | 304,385 | |
Vistra Operations Company LLC (A) | 4.300 | 07-15-29 | 250,000 | 273,547 | |
Multi-utilities 1.2% | |||||
CenterPoint Energy Resources Corp. | 1.750 | 10-01-30 | 250,000 | 245,247 | |
Yield (%) | Shares | Value | |||
Short-term investments 0.4% | $76,496 | ||||
(Cost $76,496) | |||||
Short-term funds 0.4% | 76,496 | ||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 0.0250(B) | 76,496 | 76,496 |
Total investments (Cost $19,884,018) 99.4% | $20,712,935 | ||||
Other assets and liabilities, net 0.6% | 122,262 | ||||
Total net assets 100.0% | $20,835,197 |
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 | |
CMT | Constant Maturity Treasury |
LIBOR | London Interbank Offered Rate |
SOFR | Secured Overnight Financing Rate |
(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. Rule 144A securities amounted to $2,823,907 or 13.6% of the fund’s net assets as of 7-31-21. |
(B) | The rate shown is the annualized seven-day yield as of 7-31-21. |
4 | JOHN HANCOCK CORPORATE BOND ETF | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Notes to Fund’s investments (unaudited) |
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the fund’s Valuation Policies and Procedures.
In order to value the securities, the fund uses the following valuation techniques: Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. 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 open-end mutual funds 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.
The following is a summary of the values by input classification of the fund’s investments as of July 31, 2021, by major security category or type:
Total value at 7-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Corporate bonds | $20,636,439 | — | $20,636,439 | — |
Short-term investments | 76,496 | $76,496 | — | — |
Total investments in securities | $20,712,935 | $76,496 | $20,636,439 | — |
For additional information on the fund’s significant accounting policies and risks, please refer to the fund’s most recent semiannual or annual shareholder report and prospectus.
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