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 811-23027
John Hancock Collateral Trust
(Exact name of registrant as specified in charter)
200 Berkeley Street, Boston, Massachusetts 02116 (Address of principal executive offices) (Zip code)
Salvatore Schiavone
Treasurer
200 Berkeley Street
Boston, Massachusetts 02116
(Name and address of agent for service) Registrant's telephone number, including area code: 617-663-4497
Date of fiscal year end: | December 31 |
Date of reporting period: | June 30, 2021 |
ITEM 1. REPORTS TO STOCKHOLDERS
TOP 10 ISSUERS AS OF 6/30/2021 (% of net assets) | |
NSTAR Electric Company, 0.081% to 0.091%, 7-20-21 to 7-21-21 | 4.9 |
Cargill Global Funding PLC, 0.041%, 7-1-21 | 4.6 |
Federal Farm Credit Bank, 0.071% to 0.435%, 2-22-22 to 1-13-23 | 4.0 |
The Toronto-Dominion Bank, 0.426%, 7-28-21 | 3.9 |
Sumitomo Mitsui Banking Corp., 0.183%, 10-14-21 | 3.9 |
U.S. Treasury Bill, 0.030%, 7-27-21 | 3.9 |
Lime Funding LLC, 0.112% to 0.193%, 7-1-21 to 8-5-21 | 3.8 |
Swedbank AB, 0.132% to 0.162%, 10-5-21 to 10-25-21 | 3.6 |
Credit Suisse AG, 0.152% to 0.277%, 10-29-21 to 2-4-22 | 3.5 |
Federal Home Loan Bank, 0.035% to 0.039%, 7-21-21 to 12-17-21 | 3.5 |
TOTAL | 39.6 |
SEMIANNUAL REPORT | JOHN HANCOCK COLLATERAL TRUST | 2 |
3 | JOHN HANCOCK COLLATERAL TRUST | SEMIANNUAL REPORT |
Account value on 1-1-2021 | Ending value on 6-30-2021 | Expenses paid during 6-30-20211 | Annualized expense ratio | ||
Actual expenses/actual returns | $1,000.00 | $1,000.20 | $0.55 | 0.11% | |
Hypothetical example | 1,000.00 | 1,024.20 | 0.55 | 0.11% |
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). |
SEMIANNUAL REPORT | JOHN HANCOCK COLLATERAL TRUST | 4 |
Maturity date | Yield (%) | Par value^ | Value | ||
Commercial paper 45.6% | $591,094,528 | ||||
(Cost $591,070,517) | |||||
Cargill Global Funding PLC | 07-01-21 | 0.041 | 60,000,000 | 59,999,917 | |
Chariot Funding LLC | 08-13-21 | 0.112 | 8,750,000 | 8,749,144 | |
Colgate-Palmolive Company | 07-07-21 | 0.051 | 15,000,000 | 14,999,883 | |
Credit Suisse AG | 12-27-21 | 0.173 | 25,000,000 | 24,976,250 | |
Jupiter Securitization Company LLC | 07-01-21 to 08-03-21 | 0.071 to 0.081 | 27,227,000 | 27,224,770 | |
Lime Funding LLC | 07-01-21 to 08-05-21 | 0.112 to 0.193 | 47,972,000 | 47,970,115 | |
Long Island Power Authority | 07-07-21 | 0.071 | 25,000,000 | 25,000,293 | |
Manhattan Asset Funding Company LLC | 08-24-21 | 0.081 | 27,402,000 | 27,397,521 | |
National Rural Utilities Cooperative Finance Corp. | 07-20-21 | 0.091 | 2,000,000 | 1,999,908 | |
NSTAR Electric Company | 07-20-21 to 07-21-21 | 0.081 to 0.091 | 64,000,000 | 63,996,951 | |
Old Line Funding LLC | 07-08-21 to 10-25-21 | 0.071 to 0.112 | 28,350,000 | 28,340,279 | |
PSP Capital, Inc. | 10-14-21 | 0.112 | 1,000,000 | 999,703 | |
Royal Bank of Canada | 11-30-21 | 0.183 | 14,000,000 | 13,992,801 | |
Salt River Project Agricultural Improvement & Power District | 08-04-21 to 08-17-21 | 0.061 to 0.071 | 36,500,000 | 36,495,739 | |
Swedbank AB | 10-05-21 to 10-25-21 | 0.132 to 0.162 | 46,725,000 | 46,711,571 | |
The Bank of Nova Scotia | 05-06-22 | 0.223 | 5,000,000 | 4,992,379 | |
The University of California | 08-17-21 | 0.041 | 6,500,000 | 6,499,552 | |
The University of Chicago | 07-15-21 | 0.030 | 30,500,000 | 30,499,263 | |
Thunder Bay Funding LLC | 07-07-21 to 08-04-21 | 0.051 to 0.142 | 21,000,000 | 20,998,865 | |
Toyota Credit Canada, Inc. | 12-07-21 | 0.223 | 25,000,000 | 24,980,778 | |
University of Notre Dame du Lac | 08-10-21 | 0.061 | 17,503,000 | 17,501,775 | |
Westpac Banking Corp. | 04-01-22 | 0.233 | 25,000,000 | 24,969,254 | |
Westpac Securities NZ, Ltd. | 07-15-21 | 0.071 | 2,800,000 | 2,799,918 | |
Yale University | 07-20-21 to 08-17-21 | 0.041 to 0.091 | 29,000,000 | 28,997,899 | |
U.S. Government Agency 10.3% | $133,269,674 | ||||
(Cost $133,135,899) | |||||
Federal Agricultural Mortgage Corp. (SOFR + 0.100%) (A) | 08-23-21 | 0.152 | 1,000,000 | 1,000,097 | |
Federal Farm Credit Bank (SOFR + 0.060%) (A) | 01-13-23 | 0.071 | 10,524,000 | 10,523,934 | |
Federal Farm Credit Bank (SOFR + 0.080%) (A) | 03-10-22 | 0.132 | 7,000,000 | 7,001,583 | |
Federal Farm Credit Bank (Prime rate - 3.100%) (A) | 03-15-22 | 0.157 | 5,000,000 | 5,003,127 | |
Federal Farm Credit Bank (3 month USBMMY + 0.250%) (A) | 02-22-22 | 0.269 | 10,000,000 | 10,015,350 |
5 | JOHN HANCOCK COLLATERAL TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Maturity date | Yield (%) | Par value^ | Value | ||
Federal Farm Credit Bank (Prime rate - 2.970%) (A) | 05-27-22 | 0.283 | 15,000,000 | $15,028,466 | |
Federal Farm Credit Bank (SOFR + 0.380%) (A) | 04-22-22 | 0.435 | 5,000,000 | 5,013,716 | |
Federal Home Loan Bank | 07-21-21 | 0.035 | 10,000,000 | 9,999,833 | |
Federal Home Loan Bank (1 month LIBOR - 0.020%) (A) | 12-17-21 | 0.039 | 34,600,000 | 34,599,679 | |
Federal National Mortgage Association (SOFR + 0.190%) (A) | 05-19-22 | 0.243 | 5,000,000 | 5,006,952 | |
Federal National Mortgage Association (SOFR + 0.200%) (A) | 06-15-22 | 0.253 | 10,000,000 | 10,015,996 | |
Federal National Mortgage Association (SOFR + 0.390%) (A) | 04-15-22 | 0.445 | 20,000,000 | 20,060,941 | |
Certificate of deposit 7.7% | $100,020,180 | ||||
(Cost $100,001,616) | |||||
Sumitomo Mitsui Trust Bank, Ltd. (SOFR + 0.140%) (A) | 07-14-21 | 0.193 | 25,000,000 | 25,001,069 | |
The Bank of Nova Scotia (SOFR + 0.170%) (A) | 02-25-22 | 0.213 | 25,000,000 | 25,006,645 | |
The Toronto-Dominion Bank | 07-28-21 | 0.426 | 50,000,000 | 50,012,466 | |
Corporate interest-bearing obligations 6.5% | $84,274,348 | ||||
(Cost $84,312,830) | |||||
BMW US Capital LLC (B) | 08-13-21 | 0.267 | 2,500,000 | 2,509,071 | |
Credit Suisse AG (SOFR + 0.450%) (A) | 02-04-22 | 0.152 | 10,000,000 | 10,016,313 | |
Credit Suisse AG | 10-29-21 | 0.277 | 10,856,000 | 10,954,538 | |
Merck & Company, Inc. | 02-10-22 | 0.161 | 1,005,000 | 1,018,033 | |
Microsoft Corp. | 02-06-22 | 0.380 | 6,726,000 | 6,805,331 | |
Novartis Capital Corp. | 05-17-22 | 0.330 | 2,780,000 | 2,828,880 | |
Pfizer, Inc. | 03-11-22 | 0.155 | 1,500,000 | 1,527,261 | |
Philip Morris International, Inc. | 02-18-22 | 0.467 | 1,221,000 | 1,236,746 | |
The Home Depot, Inc. | 06-01-22 | 0.362 | 10,000,000 | 10,204,636 | |
Toyota Motor Credit Corp. (3 month LIBOR + 0.125%) (A) | 08-13-21 | 0.159 | 15,000,000 | 15,002,604 | |
U.S. Bancorp | 03-15-22 | 0.395 | 2,500,000 | 2,543,383 | |
Wells Fargo Bank NA | 10-22-21 | 0.539 | 15,000,000 | 15,112,965 | |
Westpac Banking Corp. | 01-11-22 | 0.177 | 4,453,000 | 4,514,587 | |
Time deposits 5.8% | $75,000,000 | ||||
(Cost $75,000,000) | |||||
BNP Paribas SA | 07-01-21 | 0.020 | 25,000,000 | 25,000,000 | |
Sumitomo Mitsui Banking Corp. | 10-14-21 | 0.183 | 50,000,000 | 50,000,000 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK COLLATERAL TRUST | 6 |
Maturity date | Yield (%) | Par value^ | Value | ||
U.S. Government 5.4% | $70,016,622 | ||||
(Cost $70,014,243) | |||||
U.S. Treasury Bill | 07-27-21 | 0.030 | 50,000,000 | 49,998,554 | |
U.S. Treasury Note (3 month USBMMY + 0.154%) (A) | 01-31-22 | 0.076 | 20,000,000 | 20,018,068 | |
Municipal bonds 0.9% | $11,049,458 | ||||
(Cost $11,049,809) | |||||
State Board of Administration Finance Corp. (Florida) | 07-01-21 | 0.526 | 8,000,000 | 8,000,000 | |
State of California | 04-01-22 | 0.139 | 3,000,000 | 3,049,458 | |
Par value^ | Value | ||||
Repurchase agreement 9.5% | $123,600,000 | ||||
(Cost $123,600,000) | |||||
Barclays Tri-Party Repurchase Agreement dated 6-30-21 at 0.050% to be repurchased at $123,600,172 on 7-1-21, collateralized by $13,815,405 U.S. Treasury Inflation Indexed Bonds, 1.000% due 2-15-49 (valued at $18,524,791) and $97,152,399 U.S. Treasury Inflation Indexed Notes, 0.125% - 0.250% due 7-15-29 to 1-15-30 (valued at $107,547,388) | 123,600,000 | 123,600,000 | |||
Total investments (Cost $1,188,184,914) 91.7% | $1,188,324,810 | ||||
Other assets and liabilities, net 8.3% | 107,222,705 | ||||
Total net assets 100.0% | $1,295,547,515 |
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) | Variable rate obligation. |
(B) | 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. |
7 | JOHN HANCOCK COLLATERAL TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $1,064,584,914) | $1,064,724,810 |
Repurchase agreements, at value (Cost $123,600,000) | 123,600,000 |
Total investments, at value (Cost $1,188,184,914) | 1,188,324,810 |
Cash | 106,673,737 |
Interest receivable | 824,348 |
Other assets | 42,796 |
Total assets | 1,295,865,691 |
Liabilities | |
Distributions payable | 18,988 |
Payable to affiliates | |
Administrative services fees | 66,113 |
Transfer agent fees | 14,754 |
Other liabilities and accrued expenses | 218,321 |
Total liabilities | 318,176 |
Net assets | $1,295,547,515 |
Net assets consist of | |
Paid-in capital | $1,295,339,188 |
Total distributable earnings (loss) | 208,327 |
Net assets | $1,295,547,515 |
Net asset value per share | |
Based on 129,494,836 shares of beneficial interest outstanding - unlimited number of shares authorized with no par value | $10.00 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Collateral Trust | 8 |
Investment income | |
Interest | $992,315 |
Expenses | |
Investment management fees | 2,922,948 |
Administrative services fees | 92,822 |
Transfer agent fees | 29,753 |
Trustees’ fees | 27,295 |
Custodian fees | 89,544 |
Printing and postage | 7,954 |
Professional fees | 55,203 |
Other | 25,179 |
Total expenses | 3,250,698 |
Less expense reductions | (2,631,397) |
Net expenses | 619,301 |
Net investment income | 373,014 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments | 23,192 |
23,192 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments | (151,804) |
(151,804) | |
Net realized and unrealized loss | (128,612) |
Increase in net assets from operations | $244,402 |
9 | JOHN HANCOCK Collateral Trust | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Six months ended 6-30-21 (unaudited) | Year ended 12-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $373,014 | $13,420,669 |
Net realized gain | 23,192 | 24,137 |
Change in net unrealized appreciation (depreciation) | (151,804) | 436,183 |
Increase in net assets resulting from operations | 244,402 | 13,880,989 |
Distributions to shareholders | ||
From earnings | (377,269) | (13,420,670) |
Total distributions | (377,269) | (13,420,670) |
Fund share transactions | ||
Shares issued | 11,008,912,213 | 32,716,869,882 |
Distributions reinvested | 8,772 | 62,146 |
Repurchased | (10,865,173,944) | (33,835,049,646) |
Total from fund share transactions | 143,747,041 | (1,118,117,618) |
Total increase (decrease) | 143,614,174 | (1,117,657,299) |
Net assets | ||
Beginning of period | 1,151,933,341 | 2,269,590,640 |
End of period | $1,295,547,515 | $1,151,933,341 |
Share activity | ||
Shares outstanding | ||
Beginning of period | 115,123,545 | 226,829,801 |
Shares issued | 1,100,305,019 | 3,269,029,058 |
Distributions reinvested | 877 | 6,210 |
Shares repurchased | (1,085,934,605) | (3,380,741,524) |
End of period | 129,494,836 | 115,123,545 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Collateral Trust | 10 |
Period ended | 6-30-211 | 12-31-20 | 12-31-19 | 12-31-18 | 12-31-17 | 12-31-16 |
Per share operating performance | ||||||
Net asset value, beginning of period | $10.01 | $10.01 | $10.00 | $10.00 | $10.01 | $10.00 |
Net investment income2 | —3 | 0.06 | 0.23 | 0.20 | 0.11 | 0.05 |
Net realized and unrealized gain (loss) on investments | (0.01) | —3 | 0.01 | —3 | (0.01) | 0.02 |
Total from investment operations | (0.01) | 0.06 | 0.24 | 0.20 | 0.10 | 0.07 |
Less distributions | ||||||
From net investment income | —3 | (0.06) | (0.23) | (0.20) | (0.11) | (0.06) |
Net asset value, end of period | $10.00 | $10.01 | $10.01 | $10.00 | $10.00 | $10.01 |
Total return (%)4 | 0.025 | 0.64 | 2.43 | 2.00 | 1.00 | 0.66 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $1,296 | $1,152 | $2,270 | $2,265 | $1,667 | $1,441 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.566 | 0.54 | 0.53 | 0.53 | 0.54 | 0.54 |
Expenses including reductions | 0.116 | 0.09 | 0.08 | 0.08 | 0.09 | 0.09 |
Net investment income | 0.066 | 0.64 | 2.28 | 1.99 | 1.07 | 0.55 |
Portfolio turnover (%)7 | 15 | 96 | 106 | 70 | 132 | 97 |
1 | Six months ended 6-30-21. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Less than $0.005 per share. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Not annualized. |
6 | Annualized. |
7 | The calculation of portfolio turnover excludes amounts from all securities whose maturities or expiration dates at the time of acquisition were one year or less, which represents a significant amount of the investments held by the fund. |
11 | JOHN HANCOCK Collateral Trust | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
SEMIANNUAL REPORT | JOHN HANCOCK Collateral Trust | 12 |
13 | JOHN HANCOCK Collateral Trust | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Collateral Trust | 14 |
15 | JOHN HANCOCK Collateral Trust | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Collateral Trust | 16 |
17 | JOHN HANCOCK COLLATERAL TRUST | SEMIANNUAL REPORT |
(a) | the skills and competency with which the Advisor has in the past managed the fund’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s 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 fund industry developments; |
SEMIANNUAL REPORT | JOHN HANCOCK COLLATERAL TRUST | 18 |
(d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of the Fund’s securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the Fund, and bringing loss recovery actions on behalf of the Fund; |
(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 fund; |
(f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
(g) | the Advisor’s reputation and experience in serving as an investment advisor to the fund and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
(a) | reviewed information prepared by management regarding the fund’s performance; |
(b) | considered the comparative performance of an applicable benchmark index; |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
(d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the fund’s subadvisory arrangement generally. |
19 | JOHN HANCOCK COLLATERAL TRUST | SEMIANNUAL REPORT |
(a) | reviewed financial information of the Advisor; |
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the 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 Advisor also provides administrative services to the fund pursuant to an administrative services agreement; |
(f) | noted that the fund’s Subadvisor is an affiliate of the Advisor; |
(g) | noted that affiliates of the Advisor provide transfer agency services and placement services to the fund; |
(h) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
(i) | noted that the subadvisory fees for the fund are paid by the Advisor; |
(j) | 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 fund industry; and |
(k) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
(a) | considered that the Advisor has agreed to waive a portion of its management fee and/or reimburse or pay operating expenses of the fund to reduce operating expenses; |
(b) | reviewed the fund’s advisory fee structure and concluded that (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
SEMIANNUAL REPORT | JOHN HANCOCK COLLATERAL TRUST | 20 |
(c) | the Board also considered the potential effect of the fund’s future growth in size on its performance and fees. The Board noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
(1) | information relating to the Subadvisor’s business, including current subadvisory services to the fund (and other funds in the John Hancock Fund Complex); |
(2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; and |
(3) | the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data. |
21 | JOHN HANCOCK COLLATERAL TRUST | SEMIANNUAL REPORT |
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
(2) | the fund’s performance has generally outperformed the historical performance of comparable funds and the fund’s benchmark index; |
(3) | the subadvisory fees are reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
(4) | noted that the subadvisory fees are paid by the Advisor and not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund to permit shareholders to benefit from economies of scale if the fund grows. |
SEMIANNUAL REPORT | JOHN HANCOCK COLLATERAL TRUST | 22 |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
23 | JOHN HANCOCK COLLATERAL TRUST | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK COLLATERAL TRUST | 24 |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
Charles L. Bardelis*
James R. Boyle
Peter S. Burgess*
William H. Cunningham
Grace K. Fey
Marianne Harrison†
Deborah C. Jackson
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Christopher Coccoluto
Jeffrey N. Given, CFA
Michael Lorizio
James Madison
You can also contact us: | ||
800-225-5291 | Regular mail: | Express mail: |
jhinvestments.com | John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 | John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
25 | JOHN HANCOCK COLLATERAL TRUST | SEMIANNUAL REPORT |
GOVERNANCE FUNDS
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.
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.
a diverse set of investments backed by some of the world’s best
managers, along with strong risk-adjusted returns across asset classes.
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
315SA 6/21 |
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 at this time.
ITEM 6. SCHEDULE OF INVESTMENTS.
(a)Not applicable.
(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. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
The registrant has adopted procedures by which shareholders may recommend nominees to the registrant's Board of Trustees. A copy of the procedures is filed as an exhibit to this Form N-CSR. See attached "John Hancock Funds – Nominating, Governance and Administration Committee Charter."
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 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
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 Collateral Trust
By:
/s/ Andrew Arnott Andrew Arnott President
Date: August 17, 2021
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.
By:
/s/ Andrew Arnott Andrew Arnott President
Date: August 17, 2021
By:
/s/ Charles A. Rizzo Charles A. Rizzo Chief Financial Officer
Date: August 17, 2021