John Hancock
Diversified Real Assets Fund
Quarterly portfolio holdings 6/30/2024
Fund’s investments |
As of 6-30-24
(unaudited)
Shares | Value | ||||
Common stocks 99.4% | $1,022,481,525 | ||||
(Cost $781,381,591) | |||||
Communication services 0.8% | 8,661,050 | ||||
Diversified telecommunication services 0.3% | |||||
KT Corp. | 42,265 | 1,145,433 | |||
Nippon Telegraph & Telephone Corp. | 2,570,525 | 2,430,697 | |||
Wireless telecommunication services 0.5% | |||||
KDDI Corp. | 91,500 | 2,423,973 | |||
SK Telecom Company, Ltd. | 71,268 | 2,660,947 | |||
Consumer discretionary 1.5% | 15,363,508 | ||||
Hotels, restaurants and leisure 0.9% | |||||
Accor SA | 45,552 | 1,863,943 | |||
Hyatt Hotels Corp., Class A | 20,207 | 3,069,847 | |||
Marriott International, Inc., Class A | 13,207 | 3,193,056 | |||
Melia Hotels International SA (A) | 120,012 | 985,396 | |||
Household durables 0.6% | |||||
Bellway PLC | 42,847 | 1,364,278 | |||
Kaufman & Broad SA | 22,556 | 619,831 | |||
Sekisui House, Ltd. | 118,900 | 2,642,576 | |||
The Berkeley Group Holdings PLC | 28,117 | 1,624,581 | |||
Consumer staples 0.1% | 835,629 | ||||
Consumer staples distribution and retail 0.1% | |||||
Alimentation Couche-Tard, Inc. | 14,891 | 835,629 | |||
Energy 34.9% | 358,598,343 | ||||
Energy equipment and services 2.6% | |||||
Aker Solutions ASA | 131,490 | 544,884 | |||
Baker Hughes Company | 70,878 | 2,492,779 | |||
ChampionX Corp. | 33,453 | 1,110,974 | |||
Enerflex, Ltd. | 179,088 | 966,097 | |||
Halliburton Company | 177,703 | 6,002,807 | |||
Helmerich & Payne, Inc. | 38,011 | 1,373,718 | |||
Noble Corp. PLC | 36,581 | 1,633,342 | |||
Patterson-UTI Energy, Inc. | 155,809 | 1,614,181 | |||
Schlumberger, Ltd. | 199,587 | 9,416,515 | |||
TechnipFMC PLC | 69,878 | 1,827,310 | |||
Oil, gas and consumable fuels 32.3% | |||||
Advantage Energy, Ltd. (A) | 205,783 | 1,561,367 | |||
Aker BP ASA | 71,919 | 1,837,723 | |||
Antero Resources Corp. (A) | 52,633 | 1,717,415 | |||
ARC Resources, Ltd. | 140,139 | 2,500,488 | |||
BP PLC | 2,325,747 | 14,002,744 | |||
Cameco Corp. | 177,070 | 8,712,095 | |||
Canadian Natural Resources, Ltd. | 561,572 | 20,003,219 | |||
Cenovus Energy, Inc. | 718,421 | 14,121,078 | |||
Cheniere Energy, Inc. | 11,226 | 1,962,642 | |||
Chevron Corp. | 139,337 | 21,795,094 | |||
Chord Energy Corp. | 11,200 | 1,878,016 | |||
ConocoPhillips | 134,296 | 15,360,776 | |||
Coterra Energy, Inc. | 168,225 | 4,486,561 | |||
Devon Energy Corp. | 95,409 | 4,522,387 | |||
Diamondback Energy, Inc. | 31,571 | 6,320,198 |
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) | |||||
Enbridge, Inc. | 44,842 | $1,595,927 | |||
Encore Energy Corp. (A)(B) | 75,000 | 295,500 | |||
Energy Fuels, Inc. (A)(B) | 75,880 | 459,812 | |||
EOG Resources, Inc. | 70,652 | 8,892,967 | |||
EQT Corp. | 198,230 | 7,330,545 | |||
Equinor ASA | 200,728 | 5,749,616 | |||
Exxon Mobil Corp. | 309,169 | 35,591,522 | |||
Fission Uranium Corp. (A) | 250,000 | 219,290 | |||
Galp Energia SGPS SA | 250,764 | 5,296,360 | |||
Hess Corp. | 25,649 | 3,783,740 | |||
Imperial Oil, Ltd. | 65,537 | 4,468,617 | |||
Kelt Exploration, Ltd. (A) | 328,958 | 1,531,715 | |||
Keyera Corp. | 107,999 | 2,991,179 | |||
Marathon Petroleum Corp. | 59,220 | 10,273,486 | |||
MEG Energy Corp. (A) | 174,130 | 3,725,584 | |||
Neste OYJ | 29,733 | 530,570 | |||
NexGen Energy, Ltd. (A) | 420,219 | 2,930,368 | |||
NuVista Energy, Ltd. (A) | 159,856 | 1,661,600 | |||
Occidental Petroleum Corp. | 115,756 | 7,296,101 | |||
ONEOK, Inc. (B) | 16,298 | 1,329,102 | |||
Pembina Pipeline Corp. | 132,969 | 4,933,669 | |||
Permian Resources Corp. | 35,161 | 567,850 | |||
Phillips 66 | 53,405 | 7,539,184 | |||
Shell PLC | 771,451 | 27,670,290 | |||
Suncor Energy, Inc. | 410,127 | 15,634,021 | |||
Targa Resources Corp. | 38,692 | 4,982,756 | |||
TC Energy Corp. (B) | 53,545 | 2,029,782 | |||
The Williams Companies, Inc. | 213,329 | 9,066,483 | |||
Topaz Energy Corp. | 43,822 | 768,779 | |||
TotalEnergies SE | 240,868 | 16,127,027 | |||
Tourmaline Oil Corp. | 74,650 | 3,385,865 | |||
Uranium Royalty Corp. (A)(B) | 125,000 | 281,250 | |||
Valero Energy Corp. | 59,689 | 9,356,848 | |||
Var Energi ASA | 374,224 | 1,326,104 | |||
Woodside Energy Group, Ltd., ADR (B) | 64,350 | 1,210,424 | |||
Financials 0.3% | 2,855,736 | ||||
Financial services 0.3% | |||||
Berkshire Hathaway, Inc., Class B (A) | 7,020 | 2,855,736 | |||
Health care 0.3% | 3,323,915 | ||||
Health care providers and services 0.3% | |||||
Brookdale Senior Living, Inc. (A) | 486,664 | 3,323,915 | |||
Industrials 2.3% | 23,590,398 | ||||
Construction and engineering 0.5% | |||||
SHO-BOND Holdings Company, Ltd. | 49,500 | 1,774,036 | |||
Vinci SA | 34,934 | 3,682,198 | |||
WillScot Mobile Mini Holdings Corp. (A) | 1,914 | 72,043 | |||
Electrical equipment 0.5% | |||||
Array Technologies, Inc. (A) | 82,516 | 846,614 | |||
Sunrun, Inc. (A) | 93,634 | 1,110,499 | |||
Vestas Wind Systems A/S (A) | 117,282 | 2,719,531 |
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 | 25,734 | $3,040,940 | |||
Industrial conglomerates 0.4% | |||||
CK Hutchison Holdings, Ltd. | 377,932 | 1,802,765 | |||
Keppel, Ltd. | 399,915 | 1,900,999 | |||
Machinery 0.1% | |||||
Chart Industries, Inc. (A)(B) | 6,332 | 913,961 | |||
Trading companies and distributors 0.0% | |||||
Yellow Cake PLC (A)(C) | 65,000 | 477,607 | |||
Transportation infrastructure 0.5% | |||||
Aena SME SA (C) | 20,055 | 4,061,083 | |||
Shanghai International Airport Company, Ltd., Class A (A) | 268,000 | 1,188,122 | |||
Information technology 1.1% | 11,238,610 | ||||
Electronic equipment, instruments and components 0.1% | |||||
Advanced Energy Industries, Inc. | 6,530 | 710,203 | |||
IT services 0.1% | |||||
NEXTDC, Ltd. (A) | 61,481 | 717,784 | |||
Semiconductors and semiconductor equipment 0.9% | |||||
AIXTRON SE | 16,172 | 317,295 | |||
Analog Devices, Inc. | 3,146 | 718,106 | |||
Enphase Energy, Inc. (A) | 21,170 | 2,110,861 | |||
First Solar, Inc. (A) | 8,849 | 1,995,096 | |||
ON Semiconductor Corp. (A) | 26,966 | 1,848,519 | |||
Power Integrations, Inc. | 24,957 | 1,751,732 | |||
SolarEdge Technologies, Inc. (A) | 16,050 | 405,423 | |||
Wolfspeed, Inc. (A)(B) | 29,156 | 663,591 | |||
Materials 17.3% | 178,288,874 | ||||
Chemicals 0.5% | |||||
Air Liquide SA | 3,470 | 598,879 | |||
Albemarle Corp. (B) | 4,864 | 464,609 | |||
Arcadium Lithium PLC (A) | 29,900 | 100,464 | |||
Dow, Inc. | 11,250 | 596,813 | |||
DuPont de Nemours, Inc. | 11,729 | 944,067 | |||
LyondellBasell Industries NV, Class A | 5,371 | 513,790 | |||
NanoXplore, Inc. (A)(B) | 163,400 | 295,017 | |||
Nutrien, Ltd. | 17,550 | 893,504 | |||
Nutrien, Ltd. (New York Stock Exchange) (B) | 6,505 | 331,170 | |||
Containers and packaging 0.1% | |||||
Smurfit Kappa Group PLC (London Stock Exchange) (B) | 31,700 | 1,411,568 | |||
Metals and mining 16.4% | |||||
Agnico Eagle Mines, Ltd. (B) | 179,748 | 11,756,771 | |||
Agnico Eagle Mines, Ltd. (New York Stock Exchange) | 4,978 | 325,561 | |||
Alamos Gold, Inc., Class A | 219,795 | 3,447,828 | |||
Alcoa Corp. | 92,866 | 3,694,209 | |||
Altius Minerals Corp. | 35,556 | 550,734 | |||
Anglo American PLC | 42,042 | 1,328,543 | |||
AngloGold Ashanti PLC | 25,209 | 633,502 | |||
Antofagasta PLC | 5,457 | 145,025 | |||
Arch Resources, Inc. | 5,015 | 763,433 | |||
Artemis Gold, Inc. (A) | 208,171 | 1,494,272 | |||
Aya Gold & Silver, Inc. (A)(B) | 93,608 | 929,203 |
4 | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
Materials (continued) | |||||
Metals and mining (continued) | |||||
B2Gold Corp. | 416,209 | $1,116,543 | |||
Barrick Gold Corp. | 416,483 | 6,947,218 | |||
BHP Group, Ltd., ADR (B) | 212,065 | 12,106,791 | |||
Boliden AB | 26,948 | 866,670 | |||
Calibre Mining Corp. (A)(B) | 643,931 | 847,247 | |||
Canada Nickel Company, Inc. (A) | 767,500 | 695,662 | |||
Capstone Copper Corp. (A) | 816,517 | 5,789,419 | |||
Champion Iron, Ltd. (B) | 677,791 | 2,903,297 | |||
Constellium SE (A) | 104,350 | 1,966,998 | |||
Endeavour Mining PLC | 114,928 | 2,427,849 | |||
ERO Copper Corp. (A)(B) | 178,357 | 3,812,111 | |||
Filo Corp. (A)(B) | 88,500 | 1,622,441 | |||
First Quantum Minerals, Ltd. | 289,845 | 3,807,255 | |||
Foran Mining Corp. (A) | 230,800 | 661,333 | |||
Franco-Nevada Corp. | 19,225 | 2,279,372 | |||
Freeport-McMoRan, Inc. | 360,613 | 17,525,792 | |||
Glencore PLC | 157,499 | 896,209 | |||
Gold Fields, Ltd., ADR | 72,444 | 1,079,416 | |||
Hudbay Minerals, Inc. | 497,609 | 4,503,051 | |||
IGO, Ltd. | 166,000 | 621,383 | |||
Iluka Resources, Ltd. | 88,375 | 383,784 | |||
Ivanhoe Electric, Inc. (A)(B) | 96,020 | 900,668 | |||
Ivanhoe Mines, Ltd., Class A (A) | 435,135 | 5,613,927 | |||
K92 Mining, Inc. (A) | 194,220 | 1,114,453 | |||
Karora Resources, Inc. (A)(B) | 497,745 | 2,168,459 | |||
Kinross Gold Corp. (B) | 743,694 | 6,191,787 | |||
Latin Resources, Ltd. (A) | 1,750,000 | 198,400 | |||
Lithium Americas Argentina Corp. (A)(B) | 43,300 | 137,998 | |||
Lithium Americas Corp. (A)(B) | 78,300 | 208,334 | |||
Lucara Diamond Corp. (A)(B) | 420,070 | 101,329 | |||
Lundin Gold, Inc. | 64,997 | 960,191 | |||
Lundin Mining Corp. | 286,869 | 3,193,608 | |||
MAG Silver Corp. (A) | 50,360 | 588,248 | |||
Nevada Copper Corp. (A)(B)(D) | 265,550 | 5,823 | |||
Newmont Corp. (B) | 119,854 | 5,018,287 | |||
Nickel 28 Capital Corp. (A) | 356,691 | 185,118 | |||
Norsk Hydro ASA | 308,264 | 1,921,867 | |||
Nouveau Monde Graphite, Inc. (A)(B) | 87,617 | 164,282 | |||
Nucor Corp. | 4,671 | 738,392 | |||
OceanaGold Corp. | 641,106 | 1,471,491 | |||
Osisko Mining, Inc. (A) | 306,234 | 640,203 | |||
Pan American Silver Corp. | 151,916 | 3,019,331 | |||
Pan American Silver Corp., CVR (A) | 83,300 | 38,535 | |||
Piedmont Lithium, Inc. (A)(B) | 34,850 | 347,803 | |||
Rio Tinto PLC, ADR (B) | 119,252 | 7,862,284 | |||
Sandstorm Gold, Ltd. | 25,544 | 138,918 | |||
Seabridge Gold, Inc. (A) | 36,388 | 498,152 | |||
Sierra Rutile Holdings, Ltd. (A) | 98,000 | 8,543 | |||
Sigma Lithium Corp. (A)(B) | 37,150 | 447,522 | |||
SilverCrest Metals, Inc. (A) | 123,180 | 1,006,654 | |||
Skeena Resources, Ltd. (A)(B) | 264,000 | 1,416,439 | |||
SolGold PLC (A)(B) | 2,544,000 | 278,937 | |||
South32, Ltd. | 410,666 | 996,313 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | 5 |
Shares | Value | ||||
Materials (continued) | |||||
Metals and mining (continued) | |||||
Southern Copper Corp. | 4,886 | $526,418 | |||
Steel Dynamics, Inc. | 4,189 | 542,476 | |||
Stornoway Diamond Corp. (A)(D) | 3,062,000 | 0 | |||
Talon Metals Corp. (A) | 5,192,000 | 512,350 | |||
Teck Resources, Ltd., Class B | 200,085 | 9,588,518 | |||
Torex Gold Resources, Inc. (A) | 20,837 | 322,901 | |||
Trilogy Metals, Inc. (A) | 645,452 | 330,263 | |||
Triple Flag Precious Metals Corp. (A)(B) | 107,031 | 1,658,981 | |||
U.S. Steel Corp. | 6,156 | 232,697 | |||
Vale SA, ADR | 71,152 | 794,768 | |||
Warrior Met Coal, Inc. | 17,994 | 1,129,483 | |||
Wesdome Gold Mines, Ltd. (A) | 107,589 | 866,657 | |||
Wheaton Precious Metals Corp. | 129,301 | 6,779,548 | |||
Paper and forest products 0.3% | |||||
Canfor Corp. (A) | 28,525 | 302,546 | |||
Interfor Corp. (A) | 85,844 | 1,036,616 | |||
West Fraser Timber Company, Ltd. | 26,087 | 2,003,553 | |||
Real estate 35.1% | 360,679,844 | ||||
Diversified REITs 2.1% | |||||
Charter Hall Group | 144,400 | 1,073,757 | |||
Empire State Realty Trust, Inc., Class A | 832,137 | 7,805,445 | |||
Essential Properties Realty Trust, Inc. | 308,315 | 8,543,409 | |||
Merlin Properties Socimi SA | 86,362 | 962,612 | |||
Stockland | 1,155,026 | 3,199,149 | |||
Health care REITs 3.2% | |||||
American Healthcare REIT, Inc. | 422,024 | 6,165,771 | |||
CareTrust REIT, Inc. | 297,515 | 7,467,627 | |||
Welltower, Inc. | 185,710 | 19,360,268 | |||
Hotel and resort REITs 0.8% | |||||
Invincible Investment Corp. | 5,907 | 2,400,958 | |||
Ryman Hospitality Properties, Inc. | 56,522 | 5,644,287 | |||
Industrial REITs 4.2% | |||||
EastGroup Properties, Inc. | 22,882 | 3,892,228 | |||
ESR Kendall Square REIT Company, Ltd. | 211,149 | 706,832 | |||
Goodman Group | 247,262 | 5,704,292 | |||
Plymouth Industrial REIT, Inc. | 200,459 | 4,285,813 | |||
Prologis, Inc. | 257,151 | 28,880,629 | |||
Office REITs 1.1% | |||||
Derwent London PLC | 67,000 | 1,914,373 | |||
SL Green Realty Corp. | 159,714 | 9,046,201 | |||
Real estate management and development 5.0% | |||||
Arealink Company, Ltd. | 96,400 | 1,038,653 | |||
CBRE Group, Inc., Class A (A) | 40,357 | 3,596,212 | |||
Cibus Nordic Real Estate AB | 136,413 | 2,028,513 | |||
Colliers International Group, Inc. | 10,940 | 1,221,669 | |||
Corp. Inmobiliaria Vesta SAB de CV | 382,000 | 1,145,060 | |||
Corp. Inmobiliaria Vesta SAB de CV, ADR (B) | 96,908 | 2,906,271 | |||
CTP NV (C) | 139,946 | 2,388,115 | |||
Daito Trust Construction Company, Ltd. | 13,800 | 1,428,457 | |||
Emaar Properties PJSC | 1,183,895 | 2,645,365 | |||
Keihanshin Building Company, Ltd. | 29,677 | 310,409 |
6 | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
Real estate (continued) | |||||
Real estate management and development (continued) | |||||
Kerry Properties, Ltd. | 989,500 | $1,721,661 | |||
LEG Immobilien SE | 10,692 | 873,495 | |||
Mitsubishi Estate Company, Ltd. | 164,700 | 2,592,941 | |||
Mitsui Fudosan Company, Ltd. | 745,019 | 6,857,093 | |||
Pandox AB | 122,606 | 2,186,129 | |||
PSP Swiss Property AG | 22,226 | 2,853,155 | |||
Sagax AB, B Shares | 73,295 | 1,878,264 | |||
Savills PLC | 67,853 | 955,761 | |||
Sino Land Company, Ltd. | 69,100 | 71,111 | |||
SRE Holdings Corp. (A) | 17,000 | 511,018 | |||
Swire Pacific, Ltd., Class A | 246,000 | 2,171,837 | |||
TAG Immobilien AG (A) | 339,102 | 4,956,430 | |||
The Wharf Holdings, Ltd. (B) | 347,000 | 975,030 | |||
Tokyo Tatemono Company, Ltd. | 125,800 | 2,001,817 | |||
Tokyu Fudosan Holdings Corp. | 346,736 | 2,327,474 | |||
Residential REITs 5.6% | |||||
American Homes 4 Rent, Class A | 242,104 | 8,996,585 | |||
AvalonBay Communities, Inc. | 86,545 | 17,905,295 | |||
Boardwalk Real Estate Investment Trust | 14,626 | 753,511 | |||
Centerspace | 63,876 | 4,319,934 | |||
Comforia Residential REIT, Inc. | 811 | 1,603,659 | |||
Essex Property Trust, Inc. | 60,415 | 16,444,963 | |||
Independence Realty Trust, Inc. | 276,197 | 5,175,932 | |||
Sun Communities, Inc. | 18,953 | 2,280,804 | |||
Retail REITs 5.3% | |||||
Acadia Realty Trust | 296,963 | 5,321,577 | |||
Brixmor Property Group, Inc. | 186,984 | 4,317,461 | |||
Frasers Centrepoint Trust | 928,100 | 1,455,152 | |||
Fukuoka REIT Corp. | 680 | 665,939 | |||
Hammerson PLC | 5,462,506 | 1,915,609 | |||
Klepierre SA | 146,559 | 3,912,828 | |||
Lar Espana Real Estate Socimi SA | 190,331 | 1,385,713 | |||
NETSTREIT Corp. | 188,102 | 3,028,442 | |||
Phillips Edison & Company, Inc. | 114,013 | 3,729,365 | |||
Shaftesbury Capital PLC | 1,667,644 | 2,916,511 | |||
Simon Property Group, Inc. | 102,682 | 15,587,128 | |||
Tanger, Inc. | 204,154 | 5,534,615 | |||
The Macerich Company | 133,236 | 2,057,164 | |||
Vicinity, Ltd. | 1,835,793 | 2,257,257 | |||
Specialized REITs 7.8% | |||||
American Tower Corp. | 29,627 | 5,758,896 | |||
Big Yellow Group PLC | 125,677 | 1,858,589 | |||
CubeSmart | 135,565 | 6,123,471 | |||
Digital Core REIT Management Pte, Ltd. | 2,233,169 | 1,269,559 | |||
Digital Realty Trust, Inc. | 85,936 | 13,066,569 | |||
Equinix, Inc. | 30,830 | 23,325,978 | |||
Extra Space Storage, Inc. | 82,044 | 12,750,458 | |||
Iron Mountain, Inc. | 89,780 | 8,046,084 | |||
Lamar Advertising Company, Class A | 44,207 | 5,284,063 | |||
VICI Properties, Inc. | 102,484 | 2,935,142 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | 7 |
Shares | Value | ||||
Utilities 5.7% | $59,045,618 | ||||
Electric utilities 2.8% | |||||
American Electric Power Company, Inc. | 36,871 | 3,235,062 | |||
Constellation Energy Corp. | 6,102 | 1,222,048 | |||
Duke Energy Corp. | 27,392 | 2,745,500 | |||
Edison International | 43,119 | 3,096,375 | |||
EDP - Energias de Portugal SA | 236,705 | 887,478 | |||
Enel SpA | 432,572 | 3,001,529 | |||
Exelon Corp. | 72,375 | 2,504,899 | |||
Iberdrola SA | 234,973 | 3,048,758 | |||
NextEra Energy, Inc. | 45,018 | 3,187,725 | |||
PG&E Corp. | 49,467 | 863,694 | |||
PPL Corp. | 91,201 | 2,521,708 | |||
The Kansai Electric Power Company, Inc. | 164,321 | 2,759,247 | |||
Gas utilities 0.3% | |||||
Atmos Energy Corp. | 26,423 | 3,082,243 | |||
Independent power and renewable electricity producers 0.8% | |||||
Brookfield Renewable Corp., Class A (B) | 23,023 | 653,393 | |||
Brookfield Renewable Partners LP | 89,574 | 2,218,748 | |||
RWE AG | 111,236 | 3,815,991 | |||
Vistra Corp. | 20,695 | 1,779,356 | |||
Multi-utilities 1.6% | |||||
Dominion Energy, Inc. | 57,449 | 2,815,001 | |||
Engie SA | 232,638 | 3,331,459 | |||
National Grid PLC | 314,385 | 3,510,452 | |||
Public Service Enterprise Group, Inc. | 38,501 | 2,837,524 | |||
Sempra | 47,709 | 3,628,747 | |||
Water utilities 0.2% | |||||
Cia de Saneamento Basico do Estado de Sao Paulo | 171,400 | 2,298,681 | |||
Yield* (%) | Maturity date | Par value^ | Value | ||
Short-term investments 3.7% | $37,846,672 | ||||
(Cost $37,843,633) | |||||
U.S. Government 0.0% | 199,971 | ||||
U.S. Treasury Bill | 5.100 | 07-02-24 | 200,000 | 199,971 |
Yield (%) | Shares | Value | |||
Short-term funds 3.6% | 36,346,701 | ||||
John Hancock Collateral Trust (E) | 5.2940(F) | 3,635,834 | 36,346,701 |
Par value^ | Value | ||||
Repurchase agreement 0.1% | 1,300,000 | ||||
Goldman Sachs Tri-Party Repurchase Agreement dated 6-28-24 at 5.320% to be repurchased at $1,300,576 on 7-1-24, collateralized by $1,420,000 Federal National Mortgage Association, 2.450% due 4-1-35 (valued at $1,146,743) and $208,091 Government National Mortgage Association, 2.750% - 5.000% due 1-15-40 to 5-15-57 (valued at $179,257) | 1,300,000 | 1,300,000 |
Total investments (Cost $819,225,224) 103.1% | $1,060,328,197 | ||||
Other assets and liabilities, net (3.1%) | (31,581,113) | ||||
Total net assets 100.0% | $1,028,747,084 |
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. |
8 | JOHN HANCOCK DIVERSIFIED REAL ASSETS FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Security Abbreviations and Legend | |
ADR | American Depositary Receipt |
CVR | Contingent Value Right |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 6-30-24. The value of securities on loan amounted to $35,913,371. In addition to the cash collateral invested in John Hancock Collateral Trust, if any, non-cash collateral of $1,307,616 in the form of U.S. Treasuries was pledged to the fund. |
(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 6-30-24. |
* | 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 6-30-24:
United States | 54.9% |
Canada | 20.0% |
United Kingdom | 7.0% |
Japan | 3.3% |
Australia | 3.2% |
France | 3.1% |
Norway | 1.1% |
Spain | 1.0% |
Germany | 1.0% |
Other countries | 5.4% |
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 June 30, 2024, by major security category or type:
Total value at 6-30-24 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Communication services | $8,661,050 | — | $8,661,050 | — |
Consumer discretionary | 15,363,508 | $6,262,903 | 9,100,605 | — |
Consumer staples | 835,629 | 835,629 | — | — |
Energy | 358,598,343 | 285,513,025 | 73,085,318 | — |
Financials | 2,855,736 | 2,855,736 | — | — |
Health care | 3,323,915 | 3,323,915 | — | — |
Industrials | 23,590,398 | 5,984,057 | 17,606,341 | — |
Information technology | 11,238,610 | 10,203,531 | 1,035,079 | — |
Materials | 178,288,874 | 168,905,867 | 9,377,184 | $5,823 |
Real estate | 360,679,844 | 282,704,327 | 77,975,517 | — |
Utilities | 59,045,618 | 38,690,704 | 20,354,914 | — |
Short-term investments | 37,846,672 | 36,346,701 | 1,499,971 | — |
Total investments in securities | $1,060,328,197 | $841,626,395 | $218,695,979 | $5,823 |
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 | 3,635,834 | $33,430,917 | $139,558,408 | $(136,638,604) | $(7,461) | $3,441 | $126,302 | — | $36,346,701 |
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 |