John Hancock
Diversified Real Assets Fund
Quarterly portfolio holdings 12/31/2023
Fund’s investments |
As of 12-31-23
(unaudited)
Shares | Value | ||||
Common stocks 99.0% | $1,040,509,079 | ||||
(Cost $811,122,238) | |||||
Communication services 0.9% | 9,397,804 | ||||
Diversified telecommunication services 0.3% | |||||
Nippon Telegraph & Telephone Corp. | 2,629,325 | 3,210,628 | |||
Wireless telecommunication services 0.6% | |||||
KDDI Corp. | 93,600 | 2,968,852 | |||
SK Telecom Company, Ltd. | 82,840 | 3,218,324 | |||
Consumer discretionary 1.6% | 16,773,381 | ||||
Hotels, restaurants and leisure 0.9% | |||||
Hyatt Hotels Corp., Class A (A) | 24,708 | 3,222,170 | |||
Marriott International, Inc., Class A | 12,942 | 2,918,550 | |||
Oriental Land Company, Ltd. | 75,128 | 2,792,380 | |||
Household durables 0.7% | |||||
Kaufman & Broad SA | 23,211 | 772,989 | |||
Sekisui House, Ltd. | 126,600 | 2,806,244 | |||
The Berkeley Group Holdings PLC | 31,358 | 1,872,106 | |||
Toll Brothers, Inc. | 23,241 | 2,388,942 | |||
Consumer staples 0.1% | 922,015 | ||||
Consumer staples distribution and retail 0.1% | |||||
Alimentation Couche-Tard, Inc. | 15,657 | 922,015 | |||
Energy 32.1% | 337,848,900 | ||||
Energy equipment and services 2.6% | |||||
Aker Solutions ASA | 193,242 | 798,082 | |||
Baker Hughes Company | 71,964 | 2,459,730 | |||
ChampionX Corp. | 41,494 | 1,212,040 | |||
Enerflex, Ltd. (A) | 159,488 | 737,830 | |||
Halliburton Company | 178,046 | 6,436,363 | |||
Helmerich & Payne, Inc. | 28,493 | 1,032,016 | |||
Noble Corp. PLC | 33,499 | 1,613,312 | |||
Patterson-UTI Energy, Inc. | 150,251 | 1,622,711 | |||
Schlumberger, Ltd. | 181,807 | 9,461,236 | |||
TechnipFMC PLC | 85,093 | 1,713,773 | |||
Oil, gas and consumable fuels 29.5% | |||||
Advantage Energy, Ltd. (B) | 189,297 | 1,218,598 | |||
Aker BP ASA | 87,138 | 2,531,151 | |||
Antero Resources Corp. (B) | 41,174 | 933,826 | |||
ARC Resources, Ltd. (A) | 138,171 | 2,051,110 | |||
BP PLC | 2,422,089 | 14,358,301 | |||
Cameco Corp. (A) | 204,710 | 8,826,144 | |||
Canadian Natural Resources, Ltd. | 269,882 | 17,681,187 | |||
Cenovus Energy, Inc. | 638,128 | 10,633,460 | |||
Cheniere Energy, Inc. | 10,109 | 1,725,707 | |||
Chevron Corp. | 146,300 | 21,822,108 | |||
ConocoPhillips | 139,396 | 16,179,694 | |||
Coterra Energy, Inc. | 159,551 | 4,071,742 | |||
Devon Energy Corp. | 100,575 | 4,556,048 | |||
Diamondback Energy, Inc. | 31,872 | 4,942,710 | |||
Enbridge, Inc. (A) | 44,855 | 1,615,677 | |||
Energy Fuels, Inc. (A)(B) | 59,455 | 426,265 | |||
Enerplus Corp. | 166,744 | 2,555,806 |
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) | |||||
EOG Resources, Inc. | 74,466 | $9,006,663 | |||
EQT Corp. | 167,378 | 6,470,833 | |||
Equinor ASA | 210,095 | 6,658,325 | |||
Exxon Mobil Corp. | 249,661 | 24,961,107 | |||
Galp Energia SGPS SA | 256,569 | 3,775,066 | |||
Hess Corp. | 25,628 | 3,694,532 | |||
Imperial Oil, Ltd. (A) | 67,455 | 3,842,499 | |||
Kelt Exploration, Ltd. (B) | 317,758 | 1,371,704 | |||
Keyera Corp. | 109,868 | 2,655,803 | |||
Marathon Petroleum Corp. | 62,951 | 9,339,410 | |||
MEG Energy Corp. (B) | 150,247 | 2,683,934 | |||
Neste OYJ | 26,644 | 947,187 | |||
NexGen Energy, Ltd. (A)(B) | 482,039 | 3,372,327 | |||
NuVista Energy, Ltd. (B) | 158,791 | 1,323,009 | |||
Occidental Petroleum Corp. | 102,757 | 6,135,620 | |||
ONEOK, Inc. | 17,137 | 1,203,360 | |||
Pembina Pipeline Corp. | 133,110 | 4,582,829 | |||
Phillips 66 | 55,119 | 7,338,544 | |||
Pioneer Natural Resources Company | 43,847 | 9,860,313 | |||
Shell PLC | 800,339 | 26,198,338 | |||
Suncor Energy, Inc. | 412,662 | 13,220,257 | |||
Targa Resources Corp. | 40,682 | 3,534,045 | |||
TC Energy Corp. | 56,144 | 2,193,135 | |||
The Williams Companies, Inc. | 219,847 | 7,657,271 | |||
Topaz Energy Corp. | 50,555 | 739,411 | |||
TotalEnergies SE | 247,213 | 16,810,208 | |||
Tourmaline Oil Corp. | 74,062 | 3,330,708 | |||
Uranium Royalty Corp. (A)(B) | 125,000 | 337,500 | |||
Valero Energy Corp. | 69,475 | 9,031,750 | |||
Var Energi ASA | 239,204 | 756,698 | |||
Woodside Energy Group, Ltd., ADR (A) | 75,860 | 1,599,887 | |||
Financials 0.3% | 2,719,533 | ||||
Financial services 0.3% | |||||
Berkshire Hathaway, Inc., Class B (B) | 7,625 | 2,719,533 | |||
Health care 0.3% | 2,896,492 | ||||
Health care providers and services 0.3% | |||||
Brookdale Senior Living, Inc. (B) | 497,679 | 2,896,492 | |||
Industrials 2.5% | 26,667,531 | ||||
Commercial services and supplies 0.0% | |||||
Aker Carbon Capture ASA (B) | 104,716 | 139,662 | |||
Construction and engineering 0.6% | |||||
SHO-BOND Holdings Company, Ltd. | 38,200 | 1,695,308 | |||
Vinci SA | 35,733 | 4,496,820 | |||
Electrical equipment 0.6% | |||||
Array Technologies, Inc. (B) | 68,089 | 1,143,895 | |||
NEXTracker, Inc., Class A (B) | 4,929 | 230,924 | |||
Plug Power, Inc. (A)(B) | 25,933 | 116,699 | |||
Sunrun, Inc. (B) | 74,180 | 1,456,153 | |||
Vestas Wind Systems A/S (B) | 109,877 | 3,476,698 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | 3 |
Shares | Value | ||||
Industrials (continued) | |||||
Ground transportation 0.3% | |||||
Canadian National Railway Company | 27,057 | $3,400,886 | |||
Industrial conglomerates 0.4% | |||||
CK Hutchison Holdings, Ltd. | 314,932 | 1,692,005 | |||
Keppel Corp., Ltd. | 507,115 | 2,713,474 | |||
Machinery 0.1% | |||||
Chart Industries, Inc. (A)(B) | 7,305 | 995,891 | |||
Trading companies and distributors 0.0% | |||||
Yellow Cake PLC (B)(C) | 15,000 | 118,264 | |||
Transportation infrastructure 0.5% | |||||
Aena SME SA (C) | 20,514 | 3,723,513 | |||
Shanghai International Airport Company, Ltd., Class A (B) | 274,200 | 1,267,339 | |||
Information technology 1.2% | 12,542,687 | ||||
Electronic equipment, instruments and components 0.1% | |||||
Advanced Energy Industries, Inc. | 6,766 | 736,953 | |||
IT services 0.1% | |||||
NEXTDC, Ltd. (B) | 91,197 | 851,674 | |||
Semiconductors and semiconductor equipment 1.0% | |||||
Analog Devices, Inc. | 8,965 | 1,780,090 | |||
Enphase Energy, Inc. (B) | 13,512 | 1,785,476 | |||
First Solar, Inc. (B) | 10,676 | 1,839,261 | |||
ON Semiconductor Corp. (B) | 20,771 | 1,735,002 | |||
Power Integrations, Inc. | 20,849 | 1,711,911 | |||
SolarEdge Technologies, Inc. (B) | 12,399 | 1,160,546 | |||
Wolfspeed, Inc. (A)(B) | 21,645 | 941,774 | |||
Materials 17.9% | 188,334,558 | ||||
Chemicals 0.5% | |||||
Air Liquide SA | 3,450 | 671,698 | |||
Albemarle Corp. | 7,551 | 1,090,968 | |||
Dow, Inc. | 11,727 | 643,109 | |||
DuPont de Nemours, Inc. | 10,756 | 827,459 | |||
LyondellBasell Industries NV, Class A | 5,963 | 566,962 | |||
NanoXplore, Inc. (A)(B) | 174,300 | 319,648 | |||
Nutrien, Ltd. | 19,185 | 1,080,835 | |||
Nutrien, Ltd. (New York Stock Exchange) | 7,975 | 449,232 | |||
Containers and packaging 0.1% | |||||
Smurfit Kappa Group PLC | 36,000 | 1,428,789 | |||
Metals and mining 16.8% | |||||
Agnico Eagle Mines, Ltd. | 185,113 | 10,149,398 | |||
Agnico Eagle Mines, Ltd. (New York Stock Exchange) (A) | 13,028 | 714,586 | |||
Alamos Gold, Inc., Class A | 117,000 | 1,573,480 | |||
Alcoa Corp. | 107,091 | 3,641,094 | |||
Allkem, Ltd. (B) | 30,000 | 203,776 | |||
Altius Minerals Corp. | 41,376 | 575,807 | |||
Anglo American PLC | 45,622 | 1,141,767 | |||
AngloGold Ashanti PLC (A) | 31,064 | 580,586 | |||
Antofagasta PLC | 3,457 | 73,917 | |||
Arch Resources, Inc. | 5,815 | 964,941 | |||
Artemis Gold, Inc. (B) | 238,421 | 1,137,180 | |||
Aya Gold & Silver, Inc. (A)(B) | 99,658 | 730,296 | |||
B2Gold Corp. | 389,459 | 1,231,526 |
4 | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
Materials (continued) | |||||
Metals and mining (continued) | |||||
Barrick Gold Corp. | 473,033 | $8,546,402 | |||
BHP Group, Ltd., ADR (A) | 244,025 | 16,669,348 | |||
Boliden AB | 30,598 | 957,703 | |||
Bravo Mining Corp. (B) | 72,000 | 160,296 | |||
Calibre Mining Corp. (A)(B) | 240,000 | 246,330 | |||
Canada Nickel Company, Inc. (A)(B) | 825,000 | 709,785 | |||
Capstone Copper Corp. (B) | 1,005,167 | 4,892,892 | |||
Champion Iron, Ltd. (A) | 694,891 | 3,912,220 | |||
Constellium SE (B) | 118,300 | 2,361,268 | |||
Endeavour Mining PLC | 116,778 | 2,623,660 | |||
ERO Copper Corp. (A)(B) | 218,182 | 3,449,615 | |||
Filo Corp. (A)(B) | 63,500 | 1,011,649 | |||
First Quantum Minerals, Ltd. | 297,345 | 2,434,771 | |||
Foran Mining Corp. (A)(B) | 200,000 | 588,657 | |||
Franco-Nevada Corp. | 22,180 | 2,456,782 | |||
Freeport-McMoRan, Inc. | 469,178 | 19,972,907 | |||
Glencore PLC | 160,299 | 963,564 | |||
Global Atomic Corp. (A)(B) | 126,500 | 265,401 | |||
Gold Fields, Ltd., ADR | 87,794 | 1,269,501 | |||
Hudbay Minerals, Inc. | 639,609 | 3,518,924 | |||
IGO, Ltd. | 170,000 | 1,047,731 | |||
Iluka Resources, Ltd. | 90,600 | 407,554 | |||
Ivanhoe Electric, Inc. (A)(B) | 106,050 | 1,068,984 | |||
Ivanhoe Mines, Ltd., Class A (A)(B) | 503,735 | 4,885,095 | |||
K92 Mining, Inc. (A)(B) | 205,720 | 1,010,707 | |||
Karora Resources, Inc. (A)(B) | 655,345 | 2,408,611 | |||
Kinross Gold Corp. | 712,844 | 4,314,561 | |||
Latin Resources, Ltd. (B) | 1,750,000 | 339,067 | |||
Lithium Americas Argentina Corp. (A)(B) | 44,400 | 279,793 | |||
Lithium Americas Corp. (A)(B) | 44,400 | 284,819 | |||
Lucara Diamond Corp. (B) | 420,070 | 122,053 | |||
Lundin Gold, Inc. | 73,797 | 921,175 | |||
Lundin Mining Corp. | 346,069 | 2,831,129 | |||
MAG Silver Corp. (B) | 51,275 | 533,627 | |||
Marathon Gold Corp. (A)(B) | 655,305 | 415,423 | |||
Nevada Copper Corp. (A)(B) | 265,550 | 26,053 | |||
Newmont Corp. | 136,754 | 5,660,248 | |||
Newmont Corp. (Toronto Stock Exchange) | 2,206 | 91,317 | |||
Newmont Corp., CHESS Depositary Interest | 9,057 | 374,881 | |||
Nickel 28 Capital Corp. (B) | 356,691 | 228,812 | |||
Norsk Hydro ASA | 339,564 | 2,282,416 | |||
Nouveau Monde Graphite, Inc. (A)(B) | 87,617 | 228,680 | |||
Nucor Corp. | 4,956 | 862,542 | |||
OceanaGold Corp. | 462,106 | 885,815 | |||
Osisko Mining, Inc. (B) | 353,234 | 711,773 | |||
Pan American Silver Corp. (A) | 166,066 | 2,710,847 | |||
Pan American Silver Corp., CVR (B) | 83,300 | 42,900 | |||
Piedmont Lithium, Inc. (A)(B) | 37,100 | 1,047,333 | |||
Rio Tinto PLC, ADR (A) | 138,102 | 10,283,075 | |||
Sandstorm Gold, Ltd. | 27,979 | 140,629 | |||
Seabridge Gold, Inc. (B) | 40,338 | 489,300 | |||
Sierra Rutile Holdings, Ltd. (B) | 98,000 | 6,424 | |||
Sigma Lithium Corp. (A)(B) | 37,900 | 1,195,879 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | 5 |
Shares | Value | ||||
Materials (continued) | |||||
Metals and mining (continued) | |||||
SilverCrest Metals, Inc. (A)(B) | 138,340 | $907,267 | |||
Skeena Resources, Ltd. (A)(B) | 291,000 | 1,416,513 | |||
SolGold PLC (A)(B) | 2,609,000 | 344,572 | |||
South32, Ltd. | 446,666 | 1,010,198 | |||
Southern Copper Corp. | 4,836 | 416,235 | |||
SSR Mining, Inc. | 105,191 | 1,128,875 | |||
Steel Dynamics, Inc. | 4,664 | 550,818 | |||
Stornoway Diamond Corp. (B)(D) | 3,062,000 | 0 | |||
Talon Metals Corp. (B) | 5,192,000 | 705,302 | |||
Teck Resources, Ltd., Class B | 219,565 | 9,281,035 | |||
Torex Gold Resources, Inc. (B) | 20,837 | 229,906 | |||
Trilogy Metals, Inc. (B) | 696,952 | 305,069 | |||
Triple Flag Precious Metals Corp. (A)(B) | 121,906 | 1,622,569 | |||
U.S. Steel Corp. | 6,606 | 321,382 | |||
Vale SA, ADR | 78,952 | 1,252,179 | |||
Warrior Met Coal, Inc. | 22,324 | 1,361,094 | |||
Wesdome Gold Mines, Ltd. (B) | 123,889 | 720,867 | |||
Wheaton Precious Metals Corp. (A) | 143,801 | 7,094,277 | |||
Paper and forest products 0.5% | |||||
Canfor Corp. (B) | 32,125 | 432,762 | |||
Interfor Corp. (B) | 97,319 | 1,724,501 | |||
West Fraser Timber Company, Ltd. | 29,937 | 2,561,155 | |||
Real estate 36.4% | 382,057,872 | ||||
Diversified REITs 2.2% | |||||
Charter Hall Group | 117,635 | 963,796 | |||
Empire State Realty Trust, Inc., Class A | 827,319 | 8,016,721 | |||
Essential Properties Realty Trust, Inc. | 174,800 | 4,467,888 | |||
Land Securities Group PLC | 355,080 | 3,186,634 | |||
Lar Espana Real Estate Socimi SA | 170,400 | 1,156,596 | |||
Merlin Properties Socimi SA | 87,180 | 967,965 | |||
Sekisui House REIT, Inc. | 2,366 | 1,292,412 | |||
Stockland | 1,020,406 | 3,094,517 | |||
Health care REITs 2.4% | |||||
CareTrust REIT, Inc. | 264,654 | 5,922,957 | |||
Global Medical REIT, Inc. | 80,734 | 896,147 | |||
Ventas, Inc. | 30,164 | 1,503,374 | |||
Welltower, Inc. | 182,873 | 16,489,658 | |||
Hotel and resort REITs 0.7% | |||||
Invincible Investment Corp. | 3,507 | 1,515,788 | |||
Ryman Hospitality Properties, Inc. | 57,083 | 6,282,555 | |||
Industrial REITs 5.2% | |||||
CapitaLand Ascendas REIT | 1,082,006 | 2,480,579 | |||
EastGroup Properties, Inc. | 29,040 | 5,330,002 | |||
Goodman Group | 146,483 | 2,521,976 | |||
Plymouth Industrial REIT, Inc. | 248,955 | 5,992,347 | |||
Prologis, Inc. | 287,902 | 38,377,326 | |||
Office REITs 1.6% | |||||
Derwent London PLC | 16,263 | 489,124 | |||
Gecina SA | 14,184 | 1,726,745 | |||
Kilroy Realty Corp. | 151,395 | 6,031,577 | |||
Nippon Building Fund, Inc. | 454 | 1,965,314 |
6 | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
Real estate (continued) | |||||
Office REITs (continued) | |||||
SL Green Realty Corp. | 150,007 | $6,775,816 | |||
Real estate management and development 5.5% | |||||
Arealink Company, Ltd. | 48,600 | 926,021 | |||
Castellum AB (B) | 190,719 | 2,707,971 | |||
CBRE Group, Inc., Class A (B) | 68,456 | 6,372,569 | |||
CK Asset Holdings, Ltd. | 158,998 | 798,026 | |||
Colliers International Group, Inc. (A) | 17,490 | 2,212,237 | |||
Corp. Inmobiliaria Vesta SAB de CV | 412,000 | 1,633,831 | |||
Corp. Inmobiliaria Vesta SAB de CV, ADR (A) | 170,638 | 6,760,678 | |||
CTP NV (C) | 72,929 | 1,232,066 | |||
Daito Trust Construction Company, Ltd. | 24,700 | 2,858,938 | |||
Emaar Properties PJSC | 1,189,401 | 2,564,968 | |||
Kojamo OYJ | 112,655 | 1,478,823 | |||
Mitsui Fudosan Company, Ltd. | 202,727 | 4,956,615 | |||
Nomura Real Estate Holdings, Inc. | 76,100 | 1,996,898 | |||
PSP Swiss Property AG | 14,383 | 2,010,871 | |||
Sagax AB, B Shares | 109,763 | 3,021,180 | |||
Savills PLC | 82,157 | 1,013,817 | |||
Sirius Real Estate, Ltd. | 635,879 | 765,110 | |||
Swire Pacific, Ltd., Class A | 186,000 | 1,575,354 | |||
TAG Immobilien AG (B) | 288,270 | 4,191,114 | |||
The Wharf Holdings, Ltd. | 631,000 | 2,032,733 | |||
Tokyu Fudosan Holdings Corp. | 290,500 | 1,851,187 | |||
Tricon Residential, Inc. | 512,362 | 4,662,494 | |||
Residential REITs 4.9% | |||||
American Homes 4 Rent, Class A | 268,977 | 9,672,413 | |||
AvalonBay Communities, Inc. | 87,841 | 16,445,592 | |||
Boardwalk Real Estate Investment Trust | 34,825 | 1,874,960 | |||
Comforia Residential REIT, Inc. | 891 | 2,001,304 | |||
Essex Property Trust, Inc. | 49,170 | 12,191,210 | |||
Sun Communities, Inc. | 19,928 | 2,663,377 | |||
The UNITE Group PLC | 75,012 | 996,420 | |||
Veris Residential, Inc. | 354,183 | 5,571,299 | |||
Retail REITs 5.3% | |||||
Brixmor Property Group, Inc. | 504,273 | 11,734,433 | |||
Frasers Centrepoint Trust | 1,030,800 | 1,763,499 | |||
Hammerson PLC | 5,121,842 | 1,851,211 | |||
Kite Realty Group Trust | 66,197 | 1,513,263 | |||
Klepierre SA | 108,403 | 2,959,468 | |||
Link REIT | 753,491 | 4,230,893 | |||
NewRiver REIT PLC | 1,168,146 | 1,228,206 | |||
Phillips Edison & Company, Inc. | 147,757 | 5,390,175 | |||
Shaftesbury Capital PLC | 1,030,476 | 1,813,789 | |||
Simon Property Group, Inc. | 92,897 | 13,250,828 | |||
Tanger, Inc. | 216,014 | 5,987,908 | |||
Vicinity, Ltd. | 1,965,881 | 2,730,828 | |||
Wereldhave NV | 55,112 | 880,405 | |||
Specialized REITs 8.6% | |||||
American Tower Corp. | 43,382 | 9,365,306 | |||
CubeSmart | 172,567 | 7,998,480 | |||
Digital Core REIT Management Pte, Ltd. | 2,303,700 | 1,485,034 | |||
Digital Realty Trust, Inc. | 49,291 | 6,633,583 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | 7 |
Shares | Value | ||||
Real estate (continued) | |||||
Specialized REITs (continued) | |||||
EPR Properties | 153,052 | $7,415,369 | |||
Equinix, Inc. | 29,890 | 24,073,107 | |||
Extra Space Storage, Inc. | 79,737 | 12,784,233 | |||
Iron Mountain, Inc. | 113,107 | 7,915,228 | |||
Public Storage | 20,863 | 6,363,215 | |||
VICI Properties, Inc. | 194,527 | 6,201,521 | |||
Utilities 5.7% | 60,348,306 | ||||
Electric utilities 2.6% | |||||
American Electric Power Company, Inc. | 36,511 | 2,965,423 | |||
Constellation Energy Corp. | 16,575 | 1,937,452 | |||
Duke Energy Corp. | 28,802 | 2,794,946 | |||
Edison International | 45,338 | 3,241,214 | |||
EDP - Energias de Portugal SA | 220,513 | 1,109,840 | |||
Enel SpA | 442,470 | 3,291,887 | |||
Exelon Corp. | 76,233 | 2,736,765 | |||
FirstEnergy Corp. | 55,546 | 2,036,316 | |||
Iberdrola SA | 236,276 | 3,099,174 | |||
NextEra Energy, Inc. | 42,194 | 2,562,864 | |||
The Kansai Electric Power Company, Inc. | 107,200 | 1,422,768 | |||
Gas utilities 0.3% | |||||
Atmos Energy Corp. | 27,009 | 3,130,343 | |||
Independent power and renewable electricity producers 1.1% | |||||
Brookfield Renewable Corp., Class A | 23,486 | 676,162 | |||
Brookfield Renewable Partners LP | 87,974 | 2,311,957 | |||
China Longyuan Power Group Corp., Ltd., H Shares | 2,446,081 | 1,857,516 | |||
RWE AG | 88,887 | 4,045,497 | |||
Sunnova Energy International, Inc. (A)(B) | 39,090 | 596,123 | |||
Vistra Corp. | 55,491 | 2,137,513 | |||
Multi-utilities 1.4% | |||||
Dominion Energy, Inc. | 54,252 | 2,549,844 | |||
Engie SA | 237,961 | 4,191,984 | |||
National Grid PLC | 248,964 | 3,353,871 | |||
Public Service Enterprise Group, Inc. | 27,407 | 1,675,938 | |||
Sempra | 44,426 | 3,319,955 | |||
Water utilities 0.3% | |||||
Cia de Saneamento Basico do Estado de Sao Paulo | 214,900 | 3,302,954 | |||
Warrants 0.1% | $628,564 | ||||
(Cost $0) | |||||
Occidental Petroleum Corp. (Expiration Date: 8-3-27; Strike Price: $22.00) (B) | 16,146 | 628,564 | |||
Yield* (%) | Maturity date | Par value^ | Value | ||
Short-term investments 4.0% | $41,772,505 | ||||
(Cost $41,762,610) | |||||
U.S. Government 0.2% | 1,450,000 | ||||
U.S. Treasury Bill | 4.450 | 01-02-24 | 1,450,000 | 1,450,000 |
Yield (%) | Shares | Value | |||
Short-term funds 3.3% | 35,022,505 | ||||
John Hancock Collateral Trust (E) | 5.3645(F) | 3,502,180 | 35,022,505 |
8 | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Par value^ | Value | ||||
Repurchase agreement 0.5% | 5,300,000 | ||||
Bank of America Corp. Tri-Party Repurchase Agreement dated 12-29-23 at 5.340% to be repurchased at $1,801,068 on 1-2-24, collateralized by $1,528,142 Federal National Mortgage Association, 3.710% - 5.500% due 4-1-31 to 12-1-38 (valued at $1,480,367) and $346,585 Government National Mortgage Association, 6.000% due 10-20-40 to 3-20-63 (valued at $355,633) | 1,800,000 | 1,800,000 | |||
Goldman Sachs Tri-Party Repurchase Agreement dated 12-29-23 at 5.300% to be repurchased at $3,502,061 on 1-2-24, collateralized by $1,248,486 Federal Home Loan Mortgage Corp., 2.500% - 6.500% due 8-1-40 to 9-1-53 (valued at $1,309,007), $1,691,740 Federal National Mortgage Association, 3.000% - 4.500% due 3-1-33 to 2-1-57 (valued at $1,647,160) and $617,630 Government National Mortgage Association, 4.000% - 5.000% due 2-15-41 to 6-20-48 (valued at $613,833) | 3,500,000 | 3,500,000 |
Total investments (Cost $852,884,848) 103.1% | $1,082,910,148 | ||||
Other assets and liabilities, net (3.1%) | (32,116,004) | ||||
Total net assets 100.0% | $1,050,794,144 |
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) | All or a portion of this security is on loan as of 12-31-23. The value of securities on loan amounted to $47,062,625. In addition to the cash collateral invested in John Hancock Collateral Trust, if any, non-cash collateral of $14,124,035 in the form of U.S. Treasuries was pledged to the fund. |
(B) | Non-income producing security. |
(C) | 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. |
(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 12-31-23. |
* | 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 12-31-23:
United States | 54.6% |
Canada | 18.8% |
United Kingdom | 6.9% |
Australia | 3.5% |
Japan | 3.3% |
France | 3.2% |
Norway | 1.3% |
Hong Kong | 1.0% |
Other countries | 7.4% |
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 Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC.
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, 2023, by major security category or type:
Total value at 12-31-23 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Communication services | $9,397,804 | — | $9,397,804 | — |
Consumer discretionary | 16,773,381 | $8,529,662 | 8,243,719 | — |
Consumer staples | 922,015 | 922,015 | — | — |
Energy | 337,848,900 | 265,015,544 | 72,833,356 | — |
Financials | 2,719,533 | 2,719,533 | — | — |
Health care | 2,896,492 | 2,896,492 | — | — |
Industrials | 26,667,531 | 7,344,448 | 19,323,083 | — |
Information technology | 12,542,687 | 11,691,013 | 851,674 | — |
Materials | 188,334,558 | 177,425,073 | 10,909,485 | — |
Real estate | 382,057,872 | 302,773,677 | 79,284,195 | — |
Utilities | 60,348,306 | 34,672,815 | 25,675,491 | — |
Warrants | 628,564 | 628,564 | — | — |
Short-term investments | 41,772,505 | 35,022,505 | 6,750,000 | — |
Total investments in securities | $1,082,910,148 | $849,641,341 | $233,268,807 | — |
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 | 3,502,180 | $49,272,079 | $231,407,029 | $(245,667,902) | $21,124 | $(9,825) | $419,071 | — | $35,022,505 |
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 |