John Hancock
Diversified Real Assets Fund
Quarterly portfolio holdings 12/31/2022
Fund’s investments |
As of 12-31-22
(unaudited)
Shares | Value | ||||
Common stocks 98.0% | $1,017,307,598 | ||||
(Cost $857,901,769) | |||||
Communication services 1.4% | 14,301,485 | ||||
Diversified telecommunication services 0.7% | |||||
Cellnex Telecom SA (A)(B) | 110,249 | 3,657,084 | |||
Nippon Telegraph & Telephone Corp. | 129,417 | 3,690,780 | |||
Wireless telecommunication services 0.7% | |||||
KDDI Corp. | 116,100 | 3,520,953 | |||
SK Telecom Company, Ltd. | 91,504 | 3,432,668 | |||
Consumer discretionary 1.1% | 11,261,431 | ||||
Hotels, restaurants and leisure 1.0% | |||||
H World Group, Ltd., ADR | 22,571 | 957,462 | |||
Hyatt Hotels Corp., Class A (B) | 32,592 | 2,947,946 | |||
Kyoritsu Maintenance Company, Ltd. | 59,000 | 2,634,083 | |||
Mandarin Oriental International, Ltd. (B) | 589,233 | 1,132,012 | |||
Oriental Land Company, Ltd. | 18,036 | 2,624,674 | |||
Household durables 0.1% | |||||
Kaufman & Broad SA | 32,843 | 965,254 | |||
Energy 30.5% | 316,933,959 | ||||
Energy equipment and services 2.2% | |||||
Aker Solutions ASA | 166,086 | 639,677 | |||
Baker Hughes Company | 52,359 | 1,546,161 | |||
ChampionX Corp. | 62,143 | 1,801,526 | |||
Enerflex, Ltd. | 154,170 | 972,387 | |||
Halliburton Company | 143,057 | 5,629,293 | |||
Helmerich & Payne, Inc. | 24,014 | 1,190,374 | |||
Patterson-UTI Energy, Inc. | 118,917 | 2,002,562 | |||
Schlumberger, Ltd. | 153,346 | 8,197,877 | |||
TechnipFMC PLC (B) | 78,651 | 958,756 | |||
Oil, gas and consumable fuels 28.3% | |||||
Advantage Energy, Ltd. (B) | 192,988 | 1,349,776 | |||
Aker BP ASA | 95,525 | 2,969,192 | |||
ARC Resources, Ltd. | 151,965 | 2,048,273 | |||
Arch Resources, Inc. (C) | 6,800 | 970,972 | |||
BP PLC | 2,341,376 | 13,509,670 | |||
Cameco Corp. | 246,010 | 5,576,106 | |||
Canadian Natural Resources, Ltd. | 257,667 | 14,308,701 | |||
Cenovus Energy, Inc. | 548,315 | 10,638,283 | |||
Cheniere Energy, Inc. | 11,695 | 1,753,782 | |||
Chevron Corp. | 116,880 | 20,978,791 | |||
ConocoPhillips | 124,892 | 14,737,256 | |||
Coterra Energy, Inc. | 196,795 | 4,835,253 | |||
Denbury, Inc. (B) | 10,396 | 904,660 | |||
Devon Energy Corp. | 113,493 | 6,980,954 | |||
Diamondback Energy, Inc. | 36,257 | 4,959,232 | |||
Enbridge, Inc. | 79,733 | 3,116,300 | |||
Enbridge, Inc. (New York Stock Exchange) (C) | 21,494 | 840,415 | |||
Energy Fuels, Inc. (B) | 64,855 | 401,392 | |||
Enerplus Corp. | 180,676 | 3,189,185 | |||
EOG Resources, Inc. | 84,412 | 10,933,042 | |||
EQT Corp. | 162,661 | 5,502,822 | |||
Equinor ASA | 220,984 | 7,942,226 |
2 | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
Energy (continued) | |||||
Oil, gas and consumable fuels (continued) | |||||
Exxon Mobil Corp. | 218,140 | $24,060,842 | |||
Galp Energia SGPS SA | 253,881 | 3,425,004 | |||
Hess Corp. | 35,016 | 4,965,969 | |||
Imperial Oil, Ltd. | 61,877 | 3,013,876 | |||
Kelt Exploration, Ltd. (B) | 312,164 | 1,155,053 | |||
Keyera Corp. (C) | 109,482 | 2,392,594 | |||
Marathon Petroleum Corp. | 67,430 | 7,848,178 | |||
MEG Energy Corp. (B) | 148,345 | 2,065,217 | |||
Neste OYJ | 23,562 | 1,086,604 | |||
NexGen Energy, Ltd. (B) | 534,539 | 2,364,763 | |||
NuVista Energy, Ltd. (B) | 180,627 | 1,664,863 | |||
Occidental Petroleum Corp. | 84,455 | 5,319,820 | |||
PDC Energy, Inc. | 39,895 | 2,532,535 | |||
Pembina Pipeline Corp. | 151,920 | 5,156,753 | |||
Phillips 66 | 52,324 | 5,445,882 | |||
Pioneer Natural Resources Company | 50,077 | 11,437,086 | |||
Shell PLC | 728,167 | 20,527,724 | |||
Suncor Energy, Inc. | 421,193 | 13,360,590 | |||
Targa Resources Corp. | 36,253 | 2,664,596 | |||
TC Energy Corp. | 101,669 | 4,053,244 | |||
The Williams Companies, Inc. | 121,781 | 4,006,595 | |||
Tidewater Midstream and Infrastructure, Ltd. (C) | 823,040 | 613,937 | |||
Topaz Energy Corp. | 54,265 | 846,839 | |||
TotalEnergies SE (C) | 164,352 | 10,316,864 | |||
Tourmaline Oil Corp. | 77,767 | 3,923,960 | |||
Valero Energy Corp. | 72,171 | 9,155,613 | |||
Woodside Energy Group, Ltd., ADR (C) | 88,561 | 2,144,062 | |||
Financials 0.3% | 3,216,885 | ||||
Diversified financial services 0.3% | |||||
Berkshire Hathaway, Inc., Class B (B) | 10,414 | 3,216,885 | |||
Industrials 2.0% | 21,159,998 | ||||
Commercial services and supplies 0.2% | |||||
Aker Carbon Capture ASA (B) | 115,067 | 135,048 | |||
Park24 Company, Ltd. (B) | 107,600 | 1,840,541 | |||
Construction and engineering 0.7% | |||||
Vinci SA | 39,373 | 3,924,962 | |||
WillScot Mobile Mini Holdings Corp. (B) | 76,191 | 3,441,547 | |||
Electrical equipment 0.5% | |||||
Plug Power, Inc. (B)(C) | 18,816 | 232,754 | |||
SunPower Corp. (B)(C) | 45,092 | 813,009 | |||
Sunrun, Inc. (B) | 54,947 | 1,319,827 | |||
Vestas Wind Systems A/S | 89,711 | 2,616,929 | |||
Road and rail 0.3% | |||||
Canadian National Railway Company | 29,814 | 3,541,569 | |||
Transportation infrastructure 0.3% | |||||
Shanghai International Airport Company, Ltd., Class A (B) | 397,600 | 3,293,812 | |||
Information technology 1.2% | 12,138,974 | ||||
Electronic equipment, instruments and components 0.1% | |||||
Advanced Energy Industries, Inc. | 11,178 | 958,849 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | 3 |
Shares | Value | ||||
Information technology (continued) | |||||
Semiconductors and semiconductor equipment 1.1% | |||||
Analog Devices, Inc. | 8,804 | $1,444,120 | |||
Enphase Energy, Inc. (B) | 6,104 | 1,617,316 | |||
First Solar, Inc. (B) | 13,281 | 1,989,361 | |||
ON Semiconductor Corp. (B) | 17,707 | 1,104,386 | |||
Power Integrations, Inc. | 14,493 | 1,039,438 | |||
SolarEdge Technologies, Inc. (B) | 10,443 | 2,958,189 | |||
Wolfspeed, Inc. (B) | 14,880 | 1,027,315 | |||
Materials 21.2% | 219,790,187 | ||||
Chemicals 0.6% | |||||
Air Liquide SA | 4,037 | 572,991 | |||
Albemarle Corp. | 5,206 | 1,128,973 | |||
Dow, Inc. | 10,860 | 547,235 | |||
DuPont de Nemours, Inc. | 9,170 | 629,337 | |||
LyondellBasell Industries NV, Class A | 10,967 | 910,590 | |||
NanoXplore, Inc. (B)(C) | 174,300 | 334,697 | |||
Nutrien, Ltd. (C) | 22,210 | 1,621,461 | |||
Nutrien, Ltd. (New York Stock Exchange) | 8,025 | 586,066 | |||
Containers and packaging 0.1% | |||||
Smurfit Kappa Group PLC | 37,000 | 1,363,474 | |||
Metals and mining 20.0% | |||||
Agnico Eagle Mines, Ltd. (C) | 212,341 | 11,034,204 | |||
Agnico Eagle Mines, Ltd. (New York Stock Exchange) | 14,648 | 761,550 | |||
Alcoa Corp. | 134,096 | 6,097,345 | |||
Altius Minerals Corp. | 43,126 | 707,407 | |||
Anglo American PLC | 58,272 | 2,281,936 | |||
AngloGold Ashanti, Ltd., ADR (C) | 37,529 | 728,813 | |||
Antofagasta PLC | 3,782 | 70,601 | |||
Artemis Gold, Inc. (B) | 271,854 | 881,417 | |||
Aya Gold & Silver, Inc. (B)(C) | 83,347 | 555,236 | |||
B2Gold Corp. | 317,259 | 1,127,043 | |||
Barrick Gold Corp. | 561,933 | 9,632,544 | |||
BHP Group, Ltd., ADR (C) | 314,250 | 19,499,213 | |||
Boliden AB | 36,798 | 1,382,214 | |||
Calibre Mining Corp. (B) | 260,000 | 172,821 | |||
Canada Nickel Company, Inc. (B) | 680,000 | 1,029,542 | |||
Capstone Copper Corp. (B) | 1,417,467 | 5,171,556 | |||
Champion Iron, Ltd. (C) | 890,991 | 4,441,794 | |||
Constellium SE (B) | 138,500 | 1,638,455 | |||
Copper Mountain Mining Corp. (B)(C) | 1,179,926 | 1,490,158 | |||
Dundee Precious Metals, Inc. | 19,881 | 95,587 | |||
Eldorado Gold Corp. (B) | 28,164 | 234,839 | |||
Endeavour Mining PLC | 191,728 | 4,103,602 | |||
Equinox Gold Corp. (B)(C) | 48,661 | 159,208 | |||
ERO Copper Corp. (B)(C) | 276,632 | 3,808,287 | |||
Filo Mining Corp. (B)(C) | 30,000 | 514,919 | |||
First Quantum Minerals, Ltd. | 333,945 | 6,977,329 | |||
Franco-Nevada Corp. | 34,120 | 4,651,055 | |||
Freeport-McMoRan, Inc. | 596,387 | 22,662,706 | |||
Glencore PLC | 179,499 | 1,197,021 | |||
Global Atomic Corp. (B) | 131,500 | 340,890 | |||
Gold Fields, Ltd., ADR (C) | 158,094 | 1,636,273 | |||
Hudbay Minerals, Inc. | 235,775 | 1,191,064 |
4 | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
Materials (continued) | |||||
Metals and mining (continued) | |||||
IGO, Ltd. | 195,000 | $1,783,737 | |||
Iluka Resources, Ltd. | 118,000 | 759,036 | |||
Ivanhoe Electric, Inc. (B)(C) | 115,000 | 1,397,250 | |||
Ivanhoe Mines, Ltd., Class A (B) | 639,335 | 5,052,352 | |||
K92 Mining, Inc. (B)(C) | 446,520 | 2,529,401 | |||
Karora Resources, Inc. (B) | 808,345 | 2,776,074 | |||
Kinross Gold Corp. | 638,844 | 2,604,445 | |||
Lithium Americas Corp. (B)(C) | 44,400 | 841,764 | |||
Lucara Diamond Corp. (B) | 460,070 | 169,893 | |||
Lundin Gold, Inc. | 74,297 | 725,960 | |||
Lundin Mining Corp. | 472,869 | 2,902,172 | |||
MAG Silver Corp. (B) | 62,775 | 980,570 | |||
Marathon Gold Corp. (B)(C) | 814,805 | 637,883 | |||
Nevada Copper Corp. (B)(C) | 267,550 | 57,304 | |||
Newcrest Mining, Ltd. | 24,788 | 347,586 | |||
Newcrest Mining, Ltd. (Toronto Stock Exchange) | 5,513 | 77,117 | |||
Newmont Corp. | 187,480 | 8,849,056 | |||
Nickel 28 Capital Corp. (B) | 356,691 | 276,607 | |||
Norsk Hydro ASA | 412,164 | 3,079,841 | |||
Nouveau Monde Graphite, Inc. (B)(C) | 95,617 | 365,257 | |||
Nucor Corp. | 4,556 | 600,526 | |||
OceanaGold Corp. (B) | 345,606 | 658,540 | |||
Osisko Mining, Inc. (B) | 341,234 | 882,067 | |||
Pan American Silver Corp. | 79,760 | 1,301,843 | |||
Pan American Silver Corp., CVR (B) | 83,300 | 47,564 | |||
Piedmont Lithium, Inc. (B)(C) | 34,100 | 1,501,082 | |||
Rio Tinto PLC, ADR (C) | 174,777 | 12,444,122 | |||
Sandstorm Gold, Ltd. | 34,124 | 179,441 | |||
Seabridge Gold, Inc. (B)(C) | 45,163 | 568,151 | |||
Sierra Rutile Holdings, Ltd. (B) | 98,000 | 14,945 | |||
Sigma Lithium Corp. (B) | 19,000 | 534,357 | |||
SilverCrest Metals, Inc. (B) | 176,690 | 1,057,008 | |||
Skeena Resources, Ltd. (B)(C) | 278,000 | 1,480,340 | |||
SolGold PLC (B)(C) | 2,709,000 | 600,222 | |||
South32, Ltd. | 748,066 | 2,050,923 | |||
Southern Copper Corp. | 5,286 | 319,222 | |||
SSR Mining, Inc. | 119,541 | 1,870,808 | |||
Steel Dynamics, Inc. | 6,414 | 626,648 | |||
Stornoway Diamond Corp. (B)(D) | 3,062,000 | 0 | |||
Talon Metals Corp. (B) | 4,825,000 | 1,763,940 | |||
Teck Resources, Ltd., Class B | 268,115 | 10,132,529 | |||
Torex Gold Resources, Inc. (B) | 13,417 | 154,087 | |||
Trilogy Metals, Inc. (B)(C) | 781,452 | 421,315 | |||
Triple Flag Precious Metals Corp. (C) | 167,456 | 2,304,195 | |||
U.S. Steel Corp. | 7,081 | 177,379 | |||
Vale SA, ADR | 88,952 | 1,509,515 | |||
Warrior Met Coal, Inc. | 36,379 | 1,260,169 | |||
Wesdome Gold Mines, Ltd. (B) | 160,939 | 889,087 | |||
Wheaton Precious Metals Corp. | 177,851 | 6,948,536 | |||
Yamana Gold, Inc. | 427,445 | 2,373,993 | |||
Paper and forest products 0.5% | |||||
Canfor Corp. (B) | 35,000 | 550,849 | |||
Interfor Corp. (B) | 117,319 | 1,819,571 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | 5 |
Shares | Value | ||||
Materials (continued) | |||||
Paper and forest products (continued) | |||||
West Fraser Timber Company, Ltd. | 35,487 | $2,562,455 | |||
Real estate 34.1% | 354,351,282 | ||||
Equity real estate investment trusts 29.4% | |||||
Agree Realty Corp. | 121,869 | 8,644,168 | |||
Alexandria Real Estate Equities, Inc. | 32,935 | 4,797,641 | |||
American Homes 4 Rent, Class A | 204,711 | 6,169,990 | |||
American Tower Corp. | 54,743 | 11,597,852 | |||
Arena REIT | 384,509 | 995,911 | |||
Ascencio | 13,097 | 735,448 | |||
AvalonBay Communities, Inc. | 72,716 | 11,745,088 | |||
Boardwalk Real Estate Investment Trust | 40,603 | 1,482,279 | |||
Brixmor Property Group, Inc. | 349,051 | 7,912,986 | |||
CareTrust REIT, Inc. | 236,838 | 4,400,450 | |||
Carmila SA | 102,969 | 1,470,223 | |||
CDL Hospitality Trusts | 1,375,200 | 1,284,966 | |||
Corporate Office Properties Trust | 189,737 | 4,921,778 | |||
CubeSmart | 136,387 | 5,489,577 | |||
Empire State Realty Trust, Inc., Class A | 709,915 | 4,784,827 | |||
Equinix, Inc. | 23,737 | 15,548,447 | |||
Equity Residential | 170,823 | 10,078,557 | |||
First Industrial Realty Trust, Inc. | 67,754 | 3,269,808 | |||
Frontier Real Estate Investment Corp. | 803 | 3,128,306 | |||
Getty Realty Corp. | 108,376 | 3,668,528 | |||
Goodman Group | 105,302 | 1,238,391 | |||
Growthpoint Properties, Ltd. | 898,813 | 770,510 | |||
H&R Real Estate Investment Trust | 104,558 | 935,153 | |||
Health Care & Medical Investment Corp. | 349 | 477,232 | |||
Healthpeak Properties, Inc. | 222,715 | 5,583,465 | |||
Heiwa Real Estate REIT, Inc. | 1,073 | 1,236,897 | |||
Host Hotels & Resorts, Inc. | 352,387 | 5,655,811 | |||
Independence Realty Trust, Inc. | 159,765 | 2,693,638 | |||
Innovative Industrial Properties, Inc. | 29,345 | 2,974,116 | |||
Iron Mountain, Inc. | 97,156 | 4,843,227 | |||
Kimco Realty Corp. | 413,986 | 8,768,223 | |||
Klepierre SA (B) | 107,888 | 2,490,113 | |||
Life Storage, Inc. | 54,015 | 5,320,478 | |||
LTC Properties, Inc. | 136,154 | 4,837,552 | |||
Merlin Properties Socimi SA | 202,320 | 1,897,533 | |||
National Storage REIT | 890,694 | 1,403,603 | |||
NewRiver REIT PLC | 1,650,437 | 1,551,048 | |||
Orix JREIT, Inc. | 1,953 | 2,770,629 | |||
Phillips Edison & Company, Inc. | 194,588 | 6,195,682 | |||
Plymouth Industrial REIT, Inc. | 240,814 | 4,618,813 | |||
Prologis Property Mexico SA de CV | 380,370 | 1,083,927 | |||
Prologis, Inc. | 275,818 | 31,092,962 | |||
Public Storage | 44,827 | 12,560,077 | |||
RioCan Real Estate Investment Trust | 83,095 | 1,296,748 | |||
Ryman Hospitality Properties, Inc. | 55,914 | 4,572,647 | |||
Safestore Holdings PLC | 173,591 | 1,979,537 | |||
Simon Property Group, Inc. | 48,860 | 5,740,073 | |||
Spirit Realty Capital, Inc. | 61,323 | 2,448,627 | |||
Sun Communities, Inc. | 112,511 | 16,089,073 |
6 | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
Real estate (continued) | |||||
Equity real estate investment trusts (continued) | |||||
Tanger Factory Outlet Centers, Inc. | 250,061 | $4,486,094 | |||
The British Land Company PLC | 508,778 | 2,415,569 | |||
The UNITE Group PLC | 123,794 | 1,358,113 | |||
Veris Residential, Inc. (B) | 246,610 | 3,928,497 | |||
VICI Properties, Inc. | 342,606 | 11,100,434 | |||
Vicinity, Ltd. | 2,430,689 | 3,282,160 | |||
Welltower, Inc. | 212,556 | 13,933,046 | |||
WP Carey, Inc. | 116,752 | 9,124,169 | |||
Real estate management and development 4.7% | |||||
Azrieli Group, Ltd. | 13,565 | 904,626 | |||
CapitaLand Investment, Ltd. | 1,518,200 | 4,195,839 | |||
CBRE Group, Inc., Class A (B) | 12,698 | 977,238 | |||
Central Pattana PCL | 913,300 | 1,869,604 | |||
City Developments, Ltd. | 437,400 | 2,688,839 | |||
CK Asset Holdings, Ltd. | 618,865 | 3,795,607 | |||
Colliers International Group, Inc. | 10,483 | 962,980 | |||
Emaar Properties PJSC | 919,264 | 1,462,485 | |||
Grainger PLC | 287,176 | 877,234 | |||
Hufvudstaden AB, A Shares | 175,312 | 2,495,611 | |||
LEG Immobilien SE | 20,734 | 1,352,240 | |||
Lifestyle Communities, Ltd. | 153,400 | 1,969,371 | |||
Mitsubishi Estate Company, Ltd. | 72,900 | 944,316 | |||
Mitsui Fudosan Company, Ltd. | 251,927 | 4,604,463 | |||
Multiplan Empreendimentos Imobiliarios SA | 125,950 | 521,869 | |||
Nomura Real Estate Holdings, Inc. | 86,700 | 1,853,888 | |||
Pandox AB (B) | 59,830 | 667,536 | |||
PSP Swiss Property AG | 31,060 | 3,648,682 | |||
Sino Land Company, Ltd. | 1,880,000 | 2,344,897 | |||
StorageVault Canada, Inc. (C) | 265,731 | 1,181,463 | |||
Swire Pacific, Ltd., Class A | 314,017 | 2,752,637 | |||
The Wharf Holdings, Ltd. | 512,000 | 1,501,886 | |||
TKP Corp. (B)(C) | 74,920 | 1,617,569 | |||
Tokyo Tatemono Company, Ltd. | 175,990 | 2,130,597 | |||
Wharf Real Estate Investment Company, Ltd. | 369,000 | 2,149,108 | |||
Utilities 6.2% | 64,153,397 | ||||
Electric utilities 2.8% | |||||
American Electric Power Company, Inc. | 38,867 | 3,690,422 | |||
Constellation Energy Corp. | 29,848 | 2,573,196 | |||
Duke Energy Corp. | 31,859 | 3,281,158 | |||
Edison International | 50,150 | 3,190,543 | |||
EDP - Energias de Portugal SA | 190,526 | 949,732 | |||
Electricite de France SA | 47 | 603 | |||
Enel SpA | 488,126 | 2,625,203 | |||
Exelon Corp. | 84,325 | 3,645,370 | |||
FirstEnergy Corp. | 75,645 | 3,172,551 | |||
Iberdrola SA | 273,985 | 3,198,353 | |||
NextEra Energy, Inc. | 37,602 | 3,143,527 | |||
Gas utilities 0.5% | |||||
Atmos Energy Corp. | 28,046 | 3,143,115 | |||
ENN Energy Holdings, Ltd. | 154,500 | 2,158,064 | |||
Independent power and renewable electricity producers 1.4% | |||||
Brookfield Renewable Corp., Class A | 18,656 | 513,786 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | 7 |
Shares | Value | ||||
Utilities (continued) | |||||
Independent power and renewable electricity producers (continued) | |||||
Brookfield Renewable Partners LP | 71,937 | $1,822,884 | |||
China Longyuan Power Group Corp., Ltd., H Shares | 2,695,081 | 3,276,111 | |||
Orron Energy AB | 80,636 | 174,284 | |||
RWE AG | 91,358 | 4,038,715 | |||
The AES Corp. | 162,079 | 4,661,392 | |||
Multi-utilities 1.2% | |||||
Engie SA | 262,203 | 3,751,086 | |||
National Grid PLC | 269,601 | 3,229,663 | |||
Public Service Enterprise Group, Inc. | 25,401 | 1,556,319 | |||
Sempra Energy | 24,571 | 3,797,202 | |||
Water utilities 0.3% | |||||
Cia de Saneamento Basico do Estado de Sao Paulo | 237,800 | 2,560,118 | |||
Warrants 0.1% | $673,368 | ||||
(Cost $0) | |||||
Occidental Petroleum Corp. (Expiration Date: 8-3-27; Strike Price: $22.00) (B) | 16,332 | 673,368 | |||
Yield* (%) | Maturity date | Par value^ | Value | ||
Short-term investments 6.2% | $64,519,307 | ||||
(Cost $64,500,445) | |||||
U.S. Government Agency 0.5% | 4,974,664 | ||||
Federal Home Loan Bank Discount Note | 3.400 | 01-04-23 | 540,000 | 539,936 | |
Federal Home Loan Bank Discount Note | 3.930 | 01-12-23 | 4,440,000 | 4,434,728 |
Yield (%) | Shares | Value | |||
Short-term funds 4.7% | 48,944,643 | ||||
John Hancock Collateral Trust (E) | 4.2988(F) | 4,896,521 | 48,944,643 |
Par value^ | Value | ||||
Repurchase agreement 1.0% | 10,600,000 | ||||
Bank of America Corp. Tri-Party Repurchase Agreement dated 12-30-22 at 4.300% to be repurchased at $1,900,908 on 1-3-23, collateralized by $2,791,000 Federal Farm Credit Bank, 2.590% due 11-1-41 (valued at $1,938,586) | 1,900,000 | 1,900,000 | |||
Goldman Sachs Tri-Party Repurchase Agreement dated 12-30-22 at 4.240% to be repurchased at $8,704,099 on 1-3-23, collateralized by $9,325,108 Federal National Mortgage Association, 3.500% - 4.000% due 11-1-40 to 7-1-48 (valued at $8,874,000) | 8,700,000 | 8,700,000 |
Total investments (Cost $922,402,214) 104.3% | $1,082,500,273 | ||||
Other assets and liabilities, net (4.3%) | (45,053,273) | ||||
Total net assets 100.0% | $1,037,447,000 |
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 | |
ADR | American Depositary Receipt |
CVR | Contingent Value Right |
(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) | Non-income producing security. |
(C) | All or a portion of this security is on loan as of 12-31-22. The value of securities on loan amounted to $52,785,210. In addition to the cash collateral invested in John Hancock Collateral Trust, if any, non-cash collateral of $7,653,277 in the form of U.S. Treasuries was pledged to the fund. |
(D) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(E) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
(F) | The rate shown is the annualized seven-day yield as of 12-31-22. |
8 | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
* | 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. |
The fund had the following country
composition as a percentage of net assets on 12-31-22:
United States | 54.6% |
Canada | 19.6% |
United Kingdom | 6.3% |
Australia | 4.0% |
Japan | 3.2% |
France | 2.4% |
Norway | 1.4% |
Hong Kong | 1.3% |
Other countries | 7.2% |
TOTAL | 100.0% |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | 9 |
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 Advisor’s Valuation Policies and Procedures.
In order to value the securities,
the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, 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. Investments by the fund in open-end
mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. 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. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent
pricing vendor.
In certain instances, the Pricing
Committee of the Advisor 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 Pricing Committee following procedures established by the Advisor and adopted 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. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of
securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by
the Pricing Committee, following procedures established by the Advisor and adopted by the Board of Trustees. The Advisor uses fair value adjustment factors provided by an independent pricing vendor to value certain
foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE.
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 Advisor’s 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 December 31, 2022, by major security category or type:
Total value at 12-31-22 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Communication services | $14,301,485 | — | $14,301,485 | — |
Consumer discretionary | 11,261,431 | $3,905,408 | 7,356,023 | — |
Energy | 316,933,959 | 256,516,998 | 60,416,961 | — |
Financials | 3,216,885 | 3,216,885 | — | — |
Industrials | 21,159,998 | 9,348,706 | 11,811,292 | — |
Information technology | 12,138,974 | 12,138,974 | — | — |
Materials | 219,790,187 | 204,885,882 | 14,904,305 | — |
Real estate | 354,351,282 | 277,516,189 | 76,835,093 | — |
Utilities | 64,153,397 | 38,191,465 | 25,961,932 | — |
Warrants | 673,368 | 673,368 | — | — |
Short-term investments | 64,519,307 | 48,944,643 | 15,574,664 | — |
Total investments in securities | $1,082,500,273 | $855,338,518 | $227,161,755 | — |
Level 3 includes securities valued at $0. Refer to Fund’s investments. |
10 | | |
Investment in affiliated underlying
funds. The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund’s fiscal year to date purchases and sales of the
affiliated underlying funds as well as income and capital gains earned by the fund, if any, is as follows:
Dividends and distributions | |||||||||
Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
John Hancock Collateral Trust | 4,896,521 | $43,836,586 | $190,664,884 | $(185,550,667) | $(20,323) | $14,163 | $372,163 | — | $48,944,643 |
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.
| | 11 |