John Hancock
Small Cap Core Fund
Quarterly portfolio holdings 7/31/2023
| Fund’s investments |
As of 7-31-23 (unaudited)
| Shares | Value | ||||
| Common stocks 97.0% | $1,907,824,700 | ||||
| (Cost $1,704,713,725) | |||||
| Communication services 7.0% | 138,596,015 | ||||
| Entertainment 3.3% | |||||
| Madison Square Garden Sports Corp. | 209,738 | 44,621,754 | |||
| Playtika Holding Corp. (A) | 1,644,101 | 19,630,566 | |||
| Interactive media and services 3.0% | |||||
| Bumble, Inc., Class A (A) | 1,671,201 | 30,950,643 | |||
| Yelp, Inc. (A) | 643,392 | 28,984,810 | |||
| Media 0.7% | |||||
| WideOpenWest, Inc. (A) | 1,748,573 | 14,408,242 | |||
| Consumer discretionary 8.5% | 168,121,850 | ||||
| Automobile components 0.7% | |||||
| Atmus Filtration Technologies, Inc. (A) | 573,023 | 13,666,599 | |||
| Hotels, restaurants and leisure 1.1% | |||||
| First Watch Restaurant Group, Inc. (A) | 1,181,873 | 22,030,113 | |||
| Household durables 1.2% | |||||
| Universal Electronics, Inc. (A)(B) | 682,976 | 7,628,842 | |||
| Vizio Holding Corp., Class A (A) | 2,168,850 | 16,157,933 | |||
| Leisure products 1.2% | |||||
| Malibu Boats, Inc., Class A (A) | 390,902 | 23,434,575 | |||
| Specialty retail 3.2% | |||||
| Boot Barn Holdings, Inc. (A) | 333,737 | 31,337,904 | |||
| Lithia Motors, Inc. | 105,140 | 32,649,124 | |||
| Textiles, apparel and luxury goods 1.1% | |||||
| Columbia Sportswear Company | 269,899 | 21,216,760 | |||
| Consumer staples 3.0% | 57,939,521 | ||||
| Consumer staples distribution and retail 1.9% | |||||
| Performance Food Group Company (A) | 309,718 | 18,508,748 | |||
| The Chefs’ Warehouse, Inc. (A) | 493,220 | 17,923,615 | |||
| Household products 1.1% | |||||
| Central Garden & Pet Company, Class A (A) | 562,720 | 21,507,158 | |||
| Energy 4.1% | 79,828,876 | ||||
| Oil, gas and consumable fuels 4.1% | |||||
| Chord Energy Corp. | 172,494 | 27,053,959 | |||
| Magnolia Oil & Gas Corp., Class A | 1,671,188 | 37,016,814 | |||
| PDC Energy, Inc. | 207,644 | 15,758,103 | |||
| Financials 9.7% | 190,833,540 | ||||
| Banks 8.1% | |||||
| Atlantic Union Bankshares Corp. | 891,382 | 28,506,396 | |||
| Banner Corp. | 498,366 | 23,727,205 | |||
| Independent Bank Group, Inc. | 689,087 | 30,919,334 | |||
| Pinnacle Financial Partners, Inc. | 377,651 | 28,663,711 | |||
| SouthState Corp. | 349,551 | 27,149,626 | |||
| Univest Financial Corp. | 1,026,897 | 20,024,492 | |||
| Financial services 1.6% | |||||
| Compass Diversified Holdings | 1,413,350 | 31,842,776 | |||
| 2 | JOHN HANCOCK SMALL CAP CORE FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
| Shares | Value | ||||
| Health care 12.7% | $249,482,722 | ||||
| Biotechnology 1.0% | |||||
| ACADIA Pharmaceuticals, Inc. (A) | 202,758 | 5,928,644 | |||
| Ionis Pharmaceuticals, Inc. (A) | 185,389 | 7,680,666 | |||
| Ultragenyx Pharmaceutical, Inc. (A) | 152,374 | 6,570,367 | |||
| Health care equipment and supplies 5.2% | |||||
| AngioDynamics, Inc. (A) | 26,350 | 228,982 | |||
| Envista Holdings Corp. (A) | 416,843 | 14,343,568 | |||
| Integer Holdings Corp. (A) | 90,931 | 8,409,299 | |||
| Integra LifeSciences Holdings Corp. (A) | 455,501 | 20,711,630 | |||
| Lantheus Holdings, Inc. (A) | 121,953 | 10,547,715 | |||
| NuVasive, Inc. (A) | 528,685 | 21,787,109 | |||
| Teleflex, Inc. | 99,522 | 24,996,941 | |||
| Health care providers and services 4.5% | |||||
| Acadia Healthcare Company, Inc. (A) | 257,786 | 20,372,828 | |||
| Henry Schein, Inc. (A) | 269,085 | 21,201,207 | |||
| Option Care Health, Inc. (A) | 708,904 | 23,946,777 | |||
| Patterson Companies, Inc. | 693,585 | 22,812,011 | |||
| Life sciences tools and services 1.0% | |||||
| Charles River Laboratories International, Inc. (A) | 96,559 | 20,232,973 | |||
| Pharmaceuticals 1.0% | |||||
| Prestige Consumer Healthcare, Inc. (A) | 302,285 | 19,712,005 | |||
| Industrials 20.2% | 397,892,185 | ||||
| Aerospace and defense 2.1% | |||||
| Hexcel Corp. | 329,633 | 23,298,460 | |||
| Mercury Systems, Inc. (A) | 474,877 | 18,035,828 | |||
| Building products 5.9% | |||||
| Gibraltar Industries, Inc. (A) | 277,845 | 17,968,236 | |||
| Hayward Holdings, Inc. (A) | 1,778,646 | 23,762,711 | |||
| PGT Innovations, Inc. (A) | 953,752 | 27,286,845 | |||
| The AZEK Company, Inc. (A) | 635,338 | 19,822,546 | |||
| Zurn Elkay Water Solutions Corp. | 919,221 | 27,981,087 | |||
| Commercial services and supplies 1.0% | |||||
| Healthcare Services Group, Inc. | 1,592,639 | 20,083,178 | |||
| Construction and engineering 5.5% | |||||
| Arcosa, Inc. | 523,671 | 40,416,928 | |||
| EMCOR Group, Inc. | 174,309 | 37,483,407 | |||
| MasTec, Inc. (A) | 258,980 | 30,494,895 | |||
| Machinery 4.7% | |||||
| Crane Company | 251,779 | 23,589,175 | |||
| Crane NXT Company | 497,163 | 29,407,191 | |||
| The Timken Company | 414,222 | 38,464,655 | |||
| Professional services 1.0% | |||||
| WNS Holdings, Ltd., ADR (A) | 286,457 | 19,797,043 | |||
| Information technology 22.2% | 436,667,296 | ||||
| Electronic equipment, instruments and components 1.2% | |||||
| Advanced Energy Industries, Inc. | 191,431 | 23,963,333 | |||
| Semiconductors and semiconductor equipment 7.4% | |||||
| Allegro MicroSystems, Inc. (A) | 426,160 | 21,994,118 | |||
| Alpha & Omega Semiconductor, Ltd. (A) | 737,118 | 24,236,440 | |||
| Ambarella, Inc. (A) | 295,745 | 24,671,048 | |||
| MACOM Technology Solutions Holdings, Inc. (A) | 309,452 | 21,636,884 | |||
| SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK SMALL CAP CORE FUND | 3 |
| Shares | Value | ||||
| Information technology (continued) | |||||
| Semiconductors and semiconductor equipment (continued) | |||||
| Synaptics, Inc. (A) | 246,698 | $22,279,296 | |||
| Veeco Instruments, Inc. (A) | 1,085,611 | 30,570,806 | |||
| Software 13.6% | |||||
| Adeia, Inc. | 2,152,234 | 25,869,853 | |||
| CommVault Systems, Inc. (A) | 441,143 | 34,378,274 | |||
| CyberArk Software, Ltd. (A) | 192,722 | 31,993,779 | |||
| Progress Software Corp. | 456,176 | 27,397,931 | |||
| Tenable Holdings, Inc. (A) | 743,501 | 36,178,759 | |||
| Varonis Systems, Inc. (A) | 1,083,297 | 31,090,624 | |||
| Xperi, Inc. (A) | 1,731,309 | 22,714,774 | |||
| Yext, Inc. (A) | 2,441,013 | 23,726,646 | |||
| Zuora, Inc., Class A (A) | 2,895,544 | 33,964,731 | |||
| Materials 3.5% | 69,024,232 | ||||
| Chemicals 1.8% | |||||
| Avient Corp. | 858,587 | 34,798,531 | |||
| Construction materials 1.7% | |||||
| Summit Materials, Inc., Class A (A) | 945,984 | 34,225,701 | |||
| Real estate 5.2% | 101,678,564 | ||||
| Hotel and resort REITs 1.4% | |||||
| Sunstone Hotel Investors, Inc. | 2,742,562 | 27,946,707 | |||
| Industrial REITs 3.8% | |||||
| EastGroup Properties, Inc. | 210,282 | 37,257,765 | |||
| First Industrial Realty Trust, Inc. | 705,495 | 36,474,092 | |||
| Utilities 0.9% | 17,759,899 | ||||
| Multi-utilities 0.9% | |||||
| Unitil Corp. | 341,274 | 17,759,899 | |||
| Yield (%) | Shares | Value | |||
| Short-term investments 2.0% | $39,713,674 | ||||
| (Cost $39,708,834) | |||||
| Short-term funds 2.0% | 39,713,674 | ||||
| John Hancock Collateral Trust (C) | 5.2927(D) | 3,973,354 | 39,713,674 | ||
| Total investments (Cost $1,744,422,559) 99.0% | $1,947,538,374 | ||||
| Other assets and liabilities, net 1.0% | 20,287,679 | ||||
| Total net assets 100.0% | $1,967,826,053 | ||||
| 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) | The fund owns 5% or more of the outstanding voting shares of the issuer and the security is considered an affiliate of the fund. For more information on this security refer to the Notes to fund’s investments. |
| (C) | Investment is an affiliate of the fund, the advisor and/or subadvisor. |
| (D) | The rate shown is the annualized seven-day yield as of 7-31-23. |
| 4 | JOHN HANCOCK SMALL CAP CORE 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.
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.
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.
As of July 31, 2023, all investments are categorized as Level 1 under the hierarchy described above.
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 | 3,973,354 | $105,143,815 | $479,707,119 | $(545,152,428) | $9,322 | $5,846 | $2,367,881 | — | $39,713,674 |
Transactions in securities of affiliated issuers. Affiliated issuers, as defined by the 1940 Act, are those in which the fund’s holdings of an issuer represent 5% or more of the outstanding voting securities of the issuer. A summary of the fund’s transactions in the securities of these issuers during the period ended July 31, 2023, is set forth below:
| 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 |
| Sciplay Corp., Class A* | — | $9,930,829 | $6,911,049 | $(22,921,446) | $6,835,215 | $(755,647) | — | — | — |
| Universal Electronics, Inc. | 682,976 | 13,390,552 | 709,685 | (80,962) | (60,979) | (6,329,454) | — | — | $7,628,842 |
| $6,774,236 | $(7,085,101) | — | — | $7,628,842 | |||||
| * | The security was an affiliate during the period but not an affiliate at the beginning or end of the period. Security was sold prior to period end. |
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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