John Hancock
Collateral Trust
Quarterly portfolio holdings 3/31/2021
| Fund’s investments |
As of 3-31-21
(unaudited)
| Maturity date | Yield (%) | Par value^ | Value | ||
| Commercial paper 52.1% | $729,862,289 | ||||
| (Cost $729,861,149) | |||||
| BMW US Capital LLC | 04-01-21 | 0.030 | 50,000,000 | 49,999,413 | |
| Cargill Global Funding PLC | 04-01-21 | 0.051 | 75,000,000 | 74,999,891 | |
| Henkel of America, Inc. | 04-27-21 | 0.355 | 10,000,000 | 9,999,280 | |
| Honeywell International, Inc. | 05-10-21 | 0.355 | 10,000,000 | 9,999,067 | |
| JPMorgan Securities LLC | 04-05-21 | 0.030 | 8,500,000 | 8,499,924 | |
| Jupiter Securitization Company LLC | 06-01-21 | 0.132 | 2,500,000 | 2,499,350 | |
| Lime Funding LLC | 04-05-21 to 08-05-21 | 0.101 to 0.193 | 72,019,000 | 72,000,551 | |
| Manhattan Asset Funding Company LLC | 04-14-21 to 05-14-21 | 0.091 to 0.142 | 72,676,000 | 72,670,086 | |
| National Rural Utilities Cooperative Finance Corp. | 04-01-21 | 0.112 | 11,600,000 | 11,599,983 | |
| Novartis Finance Corp. | 04-08-21 to 04-26-21 | 0.061 | 55,550,000 | 55,545,950 | |
| NSTAR Electric Company | 04-05-21 to 04-16-21 | 0.081 to 0.091 | 76,000,000 | 75,998,261 | |
| Old Line Funding LLC | 06-07-21 | 0.122 | 25,200,000 | 25,193,193 | |
| PSP Capital, Inc. | 04-21-21 to 06-18-21 | 0.041 to 0.375 | 11,800,000 | 11,797,684 | |
| Royal Bank of Canada | 11-30-21 | 0.183 | 14,000,000 | 13,986,146 | |
| Salt River Project Agricultural Improvement & Power District | 04-08-21 | 0.101 | 10,000,000 | 9,999,028 | |
| State of California | 05-03-21 | 0.122 | 33,010,000 | 33,009,696 | |
| Swedbank AB | 04-30-21 | 0.061 | 75,000,000 | 74,996,250 | |
| The Trustees of Princeton University | 04-08-21 | 0.142 | 3,700,000 | 3,700,073 | |
| Thunder Bay Funding LLC | 04-05-21 to 08-04-21 | 0.071 to 0.203 | 42,000,000 | 41,992,060 | |
| Toyota Credit Canada, Inc. | 12-07-21 | 0.223 | 25,000,000 | 24,953,983 | |
| Yale University | 04-06-21 to 05-04-21 | 0.122 to 0.132 | 46,425,000 | 46,422,420 | |
| Corporate interest-bearing obligations 12.5% | $175,264,998 | ||||
| (Cost $175,345,147) | |||||
| Alphabet, Inc. | 05-19-21 | 0.453 | 3,308,000 | 3,321,958 | |
| Apple, Inc. | 05-06-21 | 0.359 | 42,000,000 | 42,096,259 | |
| BMW US Capital LLC (A) | 08-13-21 | 0.265 | 2,500,000 | 2,528,051 | |
| Children's Hospital Medical Center | 04-08-21 | 0.081 | 10,000,000 | 10,000,000 | |
| Credit Suisse AG (SOFR + 0.450%) (B) | 02-04-22 | 0.206 | 10,000,000 | 10,005,121 | |
| Credit Suisse AG | 10-29-21 | 0.292 | 10,856,000 | 11,018,363 | |
| John Deere Capital Corp. | 06-07-21 | 0.315 | 730,000 | 732,796 | |
| Johnson & Johnson | 05-15-21 | 0.445 | 2,150,000 | 2,157,230 | |
| Microsoft Corp. | 02-06-22 | 0.384 | 6,726,000 | 6,839,669 | |
| National Australia Bank, Ltd. (1 month LIBOR + 0.100%) (A)(B) | 04-23-21 | 0.148 | 20,000,000 | 20,001,180 | |
| Pfizer, Inc. | 03-11-22 | 0.154 | 1,500,000 | 1,536,027 | |
| Philip Morris International, Inc. | 02-18-22 | 0.466 | 1,221,000 | 1,243,715 | |
| Royal Bank of Canada | 04-30-21 | 0.314 | 2,900,000 | 2,906,174 | |
| State Street Corp. | 05-19-21 | 0.184 | 5,000,000 | 5,010,483 | |
| The Bank of New York Mellon Corp. | 05-03-21 | 0.513 | 7,171,000 | 7,171,000 | |
| The Toronto-Dominion Bank (3 month LIBOR + 1.000%) (B) | 04-07-21 | 0.107 | 4,855,000 | 4,855,302 | |
| The Toronto-Dominion Bank | 04-07-21 | 1.027 | 9,386,000 | 9,387,005 | |
| Toyota Motor Credit Corp. (3 month LIBOR + 0.125%) (B) | 08-13-21 | 0.193 | 15,000,000 | 15,005,819 | |
| U.S. Bancorp | 05-24-21 to 03-15-22 | 0.392 to 0.847 | 4,151,000 | 4,214,676 | |
| Wells Fargo Bank NA | 10-22-21 | 0.573 | 15,000,000 | 15,234,170 | |
| U.S. Government Agency 8.8% | $123,112,761 | ||||
| (Cost $122,934,621) | |||||
| Federal Agricultural Mortgage Corp. (SOFR + 0.100%) (B) | 04-01-21 to 08-23-21 | 0.112 | 11,000,000 | 11,000,177 | |
| Federal Farm Credit Bank (SOFR + 0.080%) (B) | 03-10-22 | 0.091 | 7,000,000 | 7,002,147 | |
| Federal Farm Credit Bank (Prime rate - 3.100%) (B) | 03-15-22 | 0.157 | 5,000,000 | 5,002,916 | |
| Federal Farm Credit Bank (Prime rate - 3.030%) (B) | 06-23-21 | 0.223 | 20,000,000 | 20,007,724 | |
| Federal Farm Credit Bank (3 month USBMMY + 0.250%) (B) | 02-22-22 | 0.243 | 10,000,000 | 10,017,283 | |
| Federal Farm Credit Bank (Prime rate - 2.970%) (B) | 05-27-22 | 0.284 | 15,000,000 | 15,019,404 | |
| Federal Farm Credit Bank (SOFR + 0.380%) (B) | 04-22-22 | 0.394 | 5,000,000 | 5,018,372 | |
| 2 | JOHN HANCOCK COLLATERAL TRUST | QUARTERLY REPORT | SEE NOTES TO FUND'S INVESTMENTS |
| Maturity date | Yield (%) | Par value^ | Value | ||
| Federal Home Loan Bank (1 month LIBOR - 0.020%) (B) | 12-17-21 | 0.069 | 14,930,000 | $14,933,255 | |
| Federal National Mortgage Association (SOFR + 0.190%) (B) | 05-19-22 | 0.202 | 5,000,000 | 5,009,350 | |
| Federal National Mortgage Association (SOFR + 0.200%) (B) | 06-15-22 | 0.212 | 10,000,000 | 10,021,044 | |
| Federal National Mortgage Association (SOFR + 0.390%) (B) | 04-15-22 | 0.404 | 20,000,000 | 20,081,089 | |
| Certificate of deposit 7.9% | $110,050,225 | ||||
| (Cost $110,003,193) | |||||
| Goldman Sachs Bank USA (SOFR + 0.370%) (B) | 04-14-21 | 0.142 | 10,000,000 | 10,001,244 | |
| Sumitomo Mitsui Trust Bank, Ltd. (SOFR + 0.140%) (B) | 07-14-21 | 0.152 | 25,000,000 | 25,000,509 | |
| The Bank of Nova Scotia (SOFR + 0.170%) (B) | 02-25-22 | 0.173 | 25,000,000 | 25,002,290 | |
| The Toronto-Dominion Bank | 07-28-21 | 0.425 | 50,000,000 | 50,046,182 | |
| Time deposits 3.2% | $45,000,000 | ||||
| (Cost $45,000,000) | |||||
| Sumitomo Mitsui Banking Corp. | 04-09-21 | 0.101 | 45,000,000 | 45,000,000 | |
| U.S. Government 1.4% | $20,024,735 | ||||
| (Cost $20,021,841) | |||||
| U.S. Treasury Note (3 month USBMMY + 0.154%) (B) | 01-31-22 | 0.046 | 20,000,000 | 20,024,735 | |
| Municipal bonds 0.6% | $8,044,894 | ||||
| (Cost $8,042,554) | |||||
| State Board of Administration Finance Corp. (Florida) | 07-01-21 | 0.523 | 8,000,000 | 8,044,894 | |
| Total investments (Cost $1,211,208,505) 86.5% | $1,211,359,902 | ||||
| Other assets and liabilities, net 13.5% | 189,234,296 | ||||
| Total net assets 100.0% | $1,400,594,198 | ||||
| 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. |
| (B) | Variable rate obligation. |
| SEE NOTES TO FUND'S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK COLLATERAL TRUST | 3 |
| Notes to Fund's investments (unaudited) |
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other
disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the
NYSE pursuant to the 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.
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, 2021, 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.
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