John Hancock
Collateral Trust
Quarterly portfolio holdings 3/31/2020
Fund’s investments |
As of 3-31-20
(unaudited)
Maturity date | Yield (%) | Par value^ | Value | ||
Commercial paper 36.1% | $696,539,752 | ||||
(Cost $696,542,206) | |||||
BASF SE | 06-26-20 | 2.526 | 10,000,000 | 9,954,808 | |
Chariot Funding LLC | 04-01-20 to 04-02-20 | 2.028 to 2.129 | 50,000,000 | 49,995,139 | |
Cummins, Inc. | 04-01-20 to 05-04-20 | 1.116 to 1.774 | 88,000,000 | 87,970,148 | |
Emerson Electric Company | 04-02-20 to 06-02-20 | 1.016 to 2.028 | 15,000,000 | 14,977,959 | |
Exxon Mobil Corp. | 05-01-20 | 1.726 | 1,000,000 | 998,453 | |
JP Morgan Securities LLC | 04-09-20 | 1.521 | 10,000,000 | 9,998,363 | |
Jupiter Securitization Company LLC | 04-01-20 | 2.281 | 26,305,000 | 26,304,443 | |
Koch Industries, Inc. | 04-13-20 | 1.288 | 25,000,000 | 24,991,270 | |
MUFG Bank, Ltd. | 05-05-20 | 1.685 | 25,000,000 | 24,968,573 | |
National Rural Utilities Cooperative Finance Corp. | 04-07-20 | 1.521 | 40,000,000 | 39,996,111 | |
NSTAR Electric Company | 04-01-20 | 1.217 | 25,000,000 | 24,999,991 | |
Old Line Funding LLC | 05-04-20 to 09-03-20 | 0.919 to 1.888 | 27,025,000 | 26,950,926 | |
ONE Gas, Inc. | 04-01-20 to 04-13-20 | 1.602 to 2.130 | 39,025,000 | 39,021,426 | |
Praxair, Inc. | 04-01-20 | 1.227 | 50,000,000 | 50,000,000 | |
PSP Capital, Inc. | 12-16-20 | 1.844 | 50,000,000 | 49,477,472 | |
Salt River Project Agricultural Improvement & Power District | 04-06-20 to 05-20-20 | 1.268 to 1.754 | 88,120,000 | 87,782,038 | |
Shell International Finance BV | 06-18-20 | 1.972 | 25,000,000 | 24,932,521 | |
The Coca-Cola Company | 09-23-20 | 0.859 | 2,000,000 | 1,982,889 | |
The University of Chicago | 04-02-20 | 1.065 | 6,400,000 | 6,399,409 | |
Thunder Bay Funding LLC | 04-27-20 | 1.472 to 2.030 | 3,200,000 | 3,196,441 | |
Total Capital Canada, Ltd. | 04-23-20 | 1.603 | 22,500,000 | 22,483,368 | |
Unilever Capital Corp. | 04-20-20 | 1.065 | 13,570,000 | 13,561,353 | |
Yale University | 04-02-20 to 07-07-20 | 1.646 to 1.744 | 55,685,000 | 55,596,651 | |
Corporate interest-bearing obligations 35.6% | $686,767,037 | ||||
(Cost $688,225,587) | |||||
American Honda Finance Corp. (A) | 09-21-20 | 2.073 | 1,850,000 | 1,849,309 | |
American Honda Finance Corp. | 07-20-20 to 02-12-21 | 1.490 to 1.990 | 9,744,000 | 9,707,288 | |
Australia & New Zealand Banking Group, Ltd. | 08-19-20 | 1.949 | 3,445,000 | 3,436,177 | |
Bank of Montreal | 06-15-20 to 07-13-20 | 1.968 to 3.082 | 4,277,000 | 4,276,465 | |
BMW US Capital LLC (A) | 04-06-20 to 08-14-20 | 2.093 to 2.120 | 6,921,000 | 6,913,244 | |
Children's Hospital Medical Center | 04-02-20 to 04-08-20 | 1.419 to 1.521 | 29,275,000 | 29,275,000 | |
Commonwealth Bank of Australia (A) | 09-18-20 | 1.937 | 10,000,000 | 9,896,124 | |
Credit Suisse AG | 08-05-20 | 2.207 | 450,000 | 452,706 | |
Emerson Electric Company | 11-15-20 | 1.850 | 1,540,000 | 1,547,109 | |
John Deere Capital Corp. (3 month LIBOR + 0.240%) (B) | 03-12-21 | 1.646 | 7,540,000 | 7,322,173 | |
John Deere Capital Corp. (3 month LIBOR + 0.420%) (B) | 07-10-20 | 1.988 | 9,820,000 | 9,805,292 | |
John Deere Capital Corp. | 06-22-20 to 01-08-21 | 1.449 to 1.774 | 10,865,000 | 10,885,874 | |
JP Morgan Securities LLC (1 month LIBOR + 0.170%) (A)(B) | 05-05-20 | 1.568 | 40,000,000 | 40,000,000 | |
JP Morgan Securities LLC (1 month LIBOR + 0.290%) (A)(B) | 09-03-20 | 1.830 | 50,000,000 | 50,000,000 | |
Long Island Power Authority | 04-08-20 to 04-16-20 | 1.419 to 1.470 | 60,000,000 | 60,000,000 | |
Macquarie Bank, Ltd. (A) | 07-29-20 | 1.709 | 7,100,000 | 7,081,472 | |
Macquarie Bank, Ltd. (3 month LIBOR + 1.120%) (A)(B) | 07-29-20 | 1.959 | 37,241,000 | 37,323,587 | |
National Bank of Canada | 06-12-20 | 1.960 | 10,000,000 | 9,961,135 | |
National Rural Utilities Cooperative Finance Corp. | 06-15-20 | 2.081 | 153,000 | 153,004 | |
Novartis Capital Corp. | 04-24-20 | 2.669 | 2,334,000 | 2,335,237 | |
Old Line Funding LLC (U.S. Federal Funds Effective Rate + 0.340%) (A)(B) | 05-08-20 | 0.436 | 30,000,000 | 30,000,000 | |
PNC Bank NA (3 month LIBOR + 0.360%) (B) | 05-19-20 | 1.767 | 15,205,000 | 15,182,356 | |
PNC Bank NA | 06-01-20 to 01-22-21 | 1.882 to 2.325 | 35,352,000 | 35,386,327 | |
Princeton University | 06-04-20 | 0.963 | 10,500,000 | 10,499,476 | |
Royal Bank of Canada (U.S. Federal Funds Effective Rate + 0.280%) (A)(B) | 06-12-20 | 0.376 | 25,000,000 | 24,942,472 | |
Royal Bank of Canada | 10-30-20 | 1.828 | 15,000,000 | 15,028,875 | |
State Street Corp. (3 month LIBOR + 0.900%) (B) | 08-18-20 | 1.772 | 38,573,000 | 38,356,991 |
2 | JOHN HANCOCK COLLATERAL TRUST | QUARTERLY REPORT | SEE NOTES TO FUND'S INVESTMENTS |
Maturity date | Yield (%) | Par value^ | Value | ||
State Street Corp. | 08-18-20 | 1.962 | 8,041,000 | $8,054,024 | |
The Bank of New York Mellon Corp. | 08-17-20 | 2.003 | 3,969,000 | 3,976,434 | |
The Bank of Nova Scotia | 10-21-20 | 1.851 | 1,500,000 | 1,498,504 | |
The Home Depot, Inc. | 06-05-20 | 2.036 | 11,538,000 | 11,530,846 | |
Thunder Bay Funding LLC (U.S. Federal Funds Effective Rate + 0.330%) (A)(B) | 06-16-20 | 0.426 | 25,000,000 | 25,000,000 | |
Total Capital SA | 06-24-20 | 2.048 | 11,140,000 | 11,136,037 | |
Toyota Credit Canada, Inc. (1 month LIBOR + 0.270%) (B) | 05-29-20 | 1.148 | 50,000,000 | 50,000,000 | |
Toyota Motor Credit Corp. | 06-17-20 to 01-08-21 | 1.657 to 2.442 | 4,283,000 | 4,302,391 | |
Toyota Motor Finance Netherlands BV (1 month LIBOR + 0.230%) (B) | 05-07-20 | 1.040 | 25,000,000 | 25,009,887 | |
UBS AG (A) | 06-08-20 | 1.939 | 36,192,000 | 36,087,430 | |
UBS AG | 08-04-20 | 2.078 | 7,132,000 | 7,186,495 | |
US Bancorp | 01-29-21 | 1.773 | 13,000,000 | 12,962,363 | |
Walmart, Inc. (3 month LIBOR + 0.040%) (B) | 06-23-20 | 1.222 | 1,619,000 | 1,616,586 | |
Walmart, Inc. | 06-23-20 | 1.761 | 3,000,000 | 3,002,946 | |
Westpac Banking Corp. | 05-26-20 | 2.059 | 13,800,000 | 13,785,401 | |
Certificate of deposit 7.9% | $152,604,638 | ||||
(Cost $152,996,508) | |||||
Credit Suisse AG (SOFR + 0.150%) (B) | 09-01-20 | 0.227 | 13,000,000 | 12,934,437 | |
Credit Suisse AG (SOFR + 0.280%) (B) | 07-07-20 | 0.295 | 50,000,000 | 49,873,756 | |
Credit Suisse AG (SOFR + 0.480%) (B) | 11-09-20 | 0.497 | 40,000,000 | 40,000,000 | |
Wells Fargo Bank NA (U.S. Federal Funds Effective Rate + 0.310%) (B) | 08-10-20 | 0.407 | 50,000,000 | 49,796,445 | |
U.S. Government Agency 3.5% | $67,921,035 | ||||
(Cost $67,998,402) | |||||
Federal Agricultural Mortgage Corp. (SOFR + 0.100%) (B) | 04-01-21 to 08-23-21 | 0.112 | 11,000,000 | 10,997,008 | |
Federal Farm Credit Bank (U.S. Federal Funds Effective Rate + 0.085%) (B) | 03-10-21 | 0.178 | 15,000,000 | 14,977,820 | |
Federal Farm Credit Bank (1 month LIBOR) (B) | 12-16-20 | 0.715 | 10,000,000 | 9,998,588 | |
Federal Farm Credit Bank (3 month LIBOR - 0.135%) (B) | 10-29-20 | 1.673 | 5,000,000 | 4,997,279 | |
Federal Home Loan Bank | 05-06-20 | 0.689 | 2,000,000 | 1,999,864 | |
Federal National Mortgage Association (SOFR + 0.220%) (B) | 03-16-22 | 0.234 | 25,000,000 | 24,950,476 | |
Time deposits 1.6% | $30,000,000 | ||||
(Cost $30,000,000) | |||||
Sumitomo Mitsui Banking Corp. | 04-14-20 | 1.926 | 30,000,000 | 30,000,000 | |
U.S. Government 1.3% | $25,024,329 | ||||
(Cost $25,003,057) | |||||
U.S. Treasury Note (3 month USBMMY + 0.139%) (B) | 04-30-21 | 0.216 | 25,000,000 | 25,024,329 | |
Par value^ | Value | ||||
Repurchase agreement 14.0% | $269,731,000 | ||||
(Cost $269,731,000) | |||||
Repurchase Agreement with State Street Corp. dated 3-31-20 at 0.000% to be repurchased at $269,731,000 on 4-1-20, collateralized by $257,660,000 U.S. Treasury Inflation Indexed Notes, 0.125% due 4-15-21 (valued at $275,126,514) | 269,731,000 | 269,731,000 | |||
Total investments (Cost $1,930,496,760) 100.0% | $1,928,587,791 | ||||
Other assets and liabilities, net 0.0% | 715,482 | ||||
Total net assets 100.0% | $1,929,303,273 |
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 | |
LIBOR | London Interbank Offered Rate |
SOFR | Secured Overnight Financing Rate |
USBMMY | U.S. Treasury Bill Money Market Yield |
(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 $269,093,638 or 13.9% of the fund's net assets as of 3-31-20. |
SEE NOTES TO FUND'S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK COLLATERAL TRUST | 3 |
(B) | Variable rate obligation. |
4 | JOHN HANCOCK COLLATERAL TRUST | 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 the 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.
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 March 31, 2020, all
investments are categorized as Level 2 under the hierarchy described above.
For additional information on the
fund's significant accounting policies and risks, please refer to the fund's most recent semiannual or annual shareholder report and prospectus.
| | 5 |