John Hancock
Disciplined Value International Fund
Quarterly portfolio holdings 1/31/2023
Fund’s investments |
As of 1-31-23 (unaudited)
Shares | Value | ||||
Common stocks 95.9% | $2,262,657,627 | ||||
(Cost $2,004,817,919) | |||||
Australia 0.4% | 9,460,982 | ||||
Aurizon Holdings, Ltd. | 3,619,676 | 9,460,982 | |||
Austria 1.2% | 27,523,477 | ||||
ANDRITZ AG | 460,249 | 27,523,477 | |||
Belgium 0.4% | 8,973,886 | ||||
Azelis Group NV | 332,290 | 8,973,886 | |||
Bermuda 1.5% | 36,627,929 | ||||
Everest Re Group, Ltd. | 104,744 | 36,627,929 | |||
Brazil 0.6% | 13,164,982 | ||||
Banco do Brasil SA | 1,642,000 | 13,164,982 | |||
Canada 8.0% | 188,445,671 | ||||
Canadian Natural Resources, Ltd. | 386,595 | 23,729,445 | |||
Cenovus Energy, Inc. | 3,265,305 | 65,230,023 | |||
Kinross Gold Corp. | 3,247,461 | 15,107,875 | |||
MEG Energy Corp. (A) | 1,231,783 | 20,357,678 | |||
Suncor Energy, Inc. | 1,341,322 | 46,553,869 | |||
Teck Resources, Ltd., Class B | 403,760 | 17,466,781 | |||
China 2.2% | 51,279,786 | ||||
Alibaba Group Holding, Ltd. (A) | 3,729,800 | 51,279,786 | |||
Finland 2.6% | 62,665,071 | ||||
Metso Outotec OYJ | 821,886 | 9,445,794 | |||
Nordea Bank ABP | 2,426,551 | 28,367,321 | |||
Sampo OYJ, A Shares | 473,377 | 24,851,956 | |||
France 8.8% | 206,563,493 | ||||
Airbus SE | 162,098 | 20,321,476 | |||
AXA SA | 533,261 | 16,637,156 | |||
Capgemini SE | 81,744 | 15,513,767 | |||
Imerys SA | 469,662 | 19,479,031 | |||
Kering SA | 20,326 | 12,682,496 | |||
Rexel SA (A) | 925,590 | 20,476,189 | |||
Sanofi | 421,945 | 41,318,575 | |||
SPIE SA | 434,987 | 11,875,214 | |||
TotalEnergies SE | 780,640 | 48,259,589 | |||
Germany 6.5% | 152,933,661 | ||||
Allianz SE | 92,173 | 22,039,753 | |||
Brenntag SE | 237,403 | 17,721,601 | |||
Daimler Truck Holding AG (A) | 556,885 | 18,713,283 | |||
Deutsche Telekom AG | 1,654,007 | 36,849,132 | |||
Rheinmetall AG | 71,966 | 16,815,332 | |||
Siemens AG | 261,161 | 40,794,560 | |||
Greece 0.6% | 14,409,994 | ||||
Hellenic Telecommunications Organization SA | 914,097 | 14,409,994 | |||
India 1.4% | 34,115,617 | ||||
HDFC Bank, Ltd., ADR | 506,467 | 34,115,617 |
2 | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
Ireland 3.5% | $83,099,626 | ||||
CRH PLC | 722,571 | 33,729,145 | |||
Flutter Entertainment PLC (A) | 122,198 | 18,959,727 | |||
Ryanair Holdings PLC (A) | 1,888,841 | 30,410,754 | |||
Japan 14.9% | 350,930,935 | ||||
Asahi Group Holdings, Ltd. | 582,100 | 19,222,260 | |||
Chugai Pharmaceutical Company, Ltd. | 519,300 | 13,462,899 | |||
Fuji Corp. (Aichi) | 1,263,600 | 21,039,062 | |||
Honda Motor Company, Ltd. | 785,900 | 19,440,424 | |||
Idemitsu Kosan Company, Ltd. | 461,300 | 11,532,854 | |||
IHI Corp. | 1,217,100 | 36,981,205 | |||
KDDI Corp. | 1,265,900 | 39,551,089 | |||
Komatsu, Ltd. (B) | 1,493,500 | 36,701,956 | |||
Renesas Electronics Corp. (A) | 3,744,500 | 38,516,307 | |||
Sony Group Corp. | 452,600 | 40,440,529 | |||
Subaru Corp. | 1,477,600 | 24,279,397 | |||
Sumitomo Mitsui Financial Group, Inc. | 1,145,000 | 49,762,953 | |||
Netherlands 4.2% | 98,107,054 | ||||
Aalberts NV | 417,513 | 19,741,003 | |||
ING Groep NV | 2,596,232 | 37,593,966 | |||
Stellantis NV | 2,593,675 | 40,772,085 | |||
Norway 0.5% | 11,442,512 | ||||
Norsk Hydro ASA | 1,411,288 | 11,442,512 | |||
Singapore 2.4% | 57,452,965 | ||||
Genting Singapore, Ltd. | 19,405,100 | 14,696,632 | |||
United Overseas Bank, Ltd. | 1,881,000 | 42,756,333 | |||
South Korea 2.7% | 63,577,259 | ||||
Hana Financial Group, Inc. | 498,060 | 19,786,548 | |||
KB Financial Group, Inc. | 348,233 | 15,869,817 | |||
POSCO Holdings, Inc. | 43,585 | 10,710,007 | |||
Samsung Electronics Company, Ltd. | 345,529 | 17,210,887 | |||
Spain 0.8% | 20,060,468 | ||||
Banco Bilbao Vizcaya Argentaria SA | 2,167,853 | 15,313,160 | |||
Ence Energia y Celulosa SA | 1,440,619 | 4,747,308 | |||
Sweden 1.2% | 28,602,023 | ||||
Svenska Handelsbanken AB, A Shares | 2,742,804 | 28,602,023 | |||
Switzerland 9.7% | 228,762,776 | ||||
Glencore PLC | 9,100,573 | 60,945,419 | |||
Novartis AG | 812,502 | 73,457,559 | |||
STMicroelectronics NV | 937,344 | 44,137,788 | |||
Swiss Re AG | 202,162 | 21,168,584 | |||
UBS Group AG | 1,361,110 | 29,053,426 | |||
United Kingdom 19.0% | 448,882,550 | ||||
AstraZeneca PLC | 481,033 | 63,021,256 | |||
BAE Systems PLC | 7,552,488 | 79,950,907 | |||
Coca-Cola Europacific Partners PLC | 635,715 | 35,739,897 | |||
CVS Group PLC | 395,838 | 9,842,994 | |||
Endeavour Mining PLC (B) | 725,117 | 17,084,978 | |||
Ferroglobe PLC (A) | 2,187,719 | 10,391,665 | |||
Future PLC | 1,020,360 | 18,999,874 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | 3 |
Shares | Value | ||||
United Kingdom (continued) | |||||
IMI PLC | 1,980,446 | $35,460,038 | |||
Informa PLC | 2,398,446 | 19,836,926 | |||
JD Sports Fashion PLC | 12,682,189 | 25,562,456 | |||
NatWest Group PLC | 4,172,003 | 15,916,411 | |||
Nomad Foods, Ltd. (A) | 901,840 | 16,043,734 | |||
Shell PLC | 1,100,918 | 32,320,467 | |||
SSE PLC | 1,235,295 | 26,366,932 | |||
Tesco PLC | 6,058,955 | 18,415,453 | |||
WH Smith PLC | 1,211,724 | 23,928,562 | |||
United States 2.8% | 65,574,910 | ||||
Applied Materials, Inc. | 141,602 | 15,787,207 | |||
Booking Holdings, Inc. (A) | 15,614 | 38,006,037 | |||
Ovintiv, Inc. | 239,659 | 11,781,666 | |||
Yield (%) | Shares | Value | |||
Short-term investments 4.0% | $94,201,642 | ||||
(Cost $94,201,610) | |||||
Short-term funds 4.0% | 94,201,642 | ||||
Fidelity Government Portfolio, Institutional Class | 4.2200(C) | 83,988,574 | 83,988,574 | ||
John Hancock Collateral Trust (D) | 4.3787(C) | 1,021,532 | 10,213,068 |
Total investments (Cost $2,099,019,529) 99.9% | $2,356,859,269 | ||||
Other assets and liabilities, net 0.1% | 1,576,900 | ||||
Total net assets 100.0% | $2,358,436,169 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
ADR | American Depositary Receipt |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 1-31-23. The value of securities on loan amounted to $6,684,097. |
(C) | The rate shown is the annualized seven-day yield as of 1-31-23. |
(D) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
The fund had the following sector composition as a percentage of net assets on 1-31-23:
Industrials | 19.6% |
Financials | 19.2% |
Consumer discretionary | 13.1% |
Energy | 11.0% |
Materials | 8.5% |
Health care | 8.5% |
Information technology | 5.6% |
Communication services | 5.5% |
Consumer staples | 3.8% |
Utilities | 1.1% |
Short-term investments and other | 4.1% |
TOTAL | 100.0% |
4 | JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | 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 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. 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 January 31, 2023, by major security category or type:
Total value at 1-31-23 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Australia | $9,460,982 | — | $9,460,982 | — |
Austria | 27,523,477 | — | 27,523,477 | — |
Belgium | 8,973,886 | — | 8,973,886 | — |
Bermuda | 36,627,929 | $36,627,929 | — | — |
Brazil | 13,164,982 | 13,164,982 | — | — |
Canada | 188,445,671 | 188,445,671 | — | — |
China | 51,279,786 | — | 51,279,786 | — |
Finland | 62,665,071 | — | 62,665,071 | — |
France | 206,563,493 | — | 206,563,493 | — |
Germany | 152,933,661 | — | 152,933,661 | — |
Greece | 14,409,994 | — | 14,409,994 | — |
India | 34,115,617 | 34,115,617 | — | — |
Ireland | 83,099,626 | — | 83,099,626 | — |
Japan | 350,930,935 | — | 350,930,935 | — |
Netherlands | 98,107,054 | — | 98,107,054 | — |
Norway | 11,442,512 | — | 11,442,512 | — |
Singapore | 57,452,965 | — | 57,452,965 | — |
South Korea | 63,577,259 | — | 63,577,259 | — |
| | 5 |
Total value at 1-31-23 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
(continued) | ||||
Spain | $20,060,468 | — | $20,060,468 | — |
Sweden | 28,602,023 | — | 28,602,023 | — |
Switzerland | 228,762,776 | — | 228,762,776 | — |
United Kingdom | 448,882,550 | $79,260,274 | 369,622,276 | — |
United States | 65,574,910 | 65,574,910 | — | — |
Short-term investments | 94,201,642 | 94,201,642 | — | — |
Total investments in securities | $2,356,859,269 | $511,391,025 | $1,845,468,244 | — |
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 | 1,021,532 | — | $82,140,881 | $(71,938,324) | $10,479 | $32 | $120,452 | — | $10,213,068 |
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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