UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811- 2402
John Hancock Sovereign Bond Fund
(Exact name of registrant as specified in charter)
200 Berkeley Street, Boston, Massachusetts 02116
(Address of principal executive offices) (Zip code)
Salvatore Schiavone
Treasurer
200 Berkeley Street
Boston, Massachusetts 02116
(Name and address of agent for service)
Registrant’s telephone number, including area code: 617-663-4497
Date of fiscal year end: May 31
Date of reporting period: November 30, 2020
ITEM 1. | REPORTS TO STOCKHOLDERS |
Dear shareholder,
Despite heightened fears over the coronavirus (COVID-19), most global financial markets delivered positive returns for the 6 months ended November 30, 2020. During the rampant sell-off earlier in the year, many investors reacted by exiting higher-risk assets and moving into cash, leading to a liquidity crunch in the fixed-income markets. In response to the sell-off, the U.S. Federal Reserve acted quickly, lowering interest rates to near zero and reinstating quantitative easing, as well as announcing its plans for broad support of debt markets. Many other nations followed suit and credit spreads rebounded off their highs as liquidity concerns eased.
As the year progressed, however, economic growth has slowed as the ongoing spread of COVID-19 continues to create uncertainty among businesses and investors. Lockdowns and curfews in certain areas have been reinstated, affecting the level of unemployment and the pace of hiring. Consumer spending also remains far below prepandemic levels.
Your financial professional can help position your portfolio so that it’s sufficiently diversified to seek to meet your long-term objectives and to withstand the inevitable bouts of market volatility along the way.
On behalf of everyone at John Hancock Investment Management, I’d like to take this opportunity to welcome new shareholders and thank existing shareholders for the continued trust you’ve placed in us.
Sincerely,
Andrew G. Arnott
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
This commentary reflects the CEO’s views as of this report’s period end and are subject to change at any time. Diversification does not guarantee investment returns and does not eliminate risk of loss. All investments entail risks, including the possible loss of principal. For more up-to-date information, you can visit our website at jhinvestments.com.
John Hancock
Bond Fund
SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 1 |
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INVESTMENT OBJECTIVE
The fund seeks a high level of current income consistent with prudent investment risk.
AVERAGE ANNUAL TOTAL RETURNS AS OF 11/30/2020 (%)
The Bloomberg Barclays U.S. Aggregate Bond Index is an unmanaged index of US dollar-denominated and non-convertible investment-grade debt issues.
It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
The fund’s Morningstar category average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on their historical portfolio holdings. Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower.
The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Performance of the other share classes will vary based on the difference in the fees and expenses of those classes. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and can be found at jhinvestments.com or by calling 800-225-5291. For further information on the fund’s objectives, risks, and strategy, see the fund’s prospectus.
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PORTFOLIO COMPOSITION AS OF 11/30/2020 (% of net assets)
QUALITY COMPOSITION AS OF 11/30/2020 (% of net assets)
Ratings are from Moody’s Investors Service, Inc. If not available, we have used Standard & Poor’s Ratings Services. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated“ securities are those with no ratings available from these agencies. All ratings are as of 11-30-20 and do not reflect subsequent downgrades or upgrades, if any.
A note about risks
The fund is subject to various risks as described in the fund’s prospectus. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance. For example, the novel coronavirus disease (COVID-19) has resulted in significant disruptions to global business activity. The impact of a health crisis and other epidemics and pandemics that may arise in the future, could affect the global economy in ways that cannot necessarily be foreseen at the present time. A health
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crisis may exacerbate other pre-existing political, social, and economic risks. Any such impact could adversely affect the fund’s performance, resulting in losses to your investment. For more information, please refer to the “Principal risks“ section of the prospectus.
COUNTRY COMPOSITION AS OF 11/30/2020 (% of net assets) | ||
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United States | 88.0 | |||
United Kingdom | 2.6 | |||
Canada | 1.3 | |||
Netherlands | 1.0 | |||
Other countries | 7.1 | |||
TOTAL | 100.0 |
4 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT |
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TOTAL RETURNS FOR THE PERIOD ENDED NOVEMBER 30, 2020 | ||||||||||||||||||||||||||||||||||||||
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Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | SEC 30-day yield (%) subsidized |
| SEC 30-day yield (%) unsubsidized† | ||||||||||||||||||||||||||||||||||
1-year | 5-year | 10-year | 6-month | 5-year | 10-year | as of 11-30-20 | as of 11-30-20 | |||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||
Class A | 3.73 | 4.14 | 4.47 | 0.69 | 22.52 | 54.80 | 1.72 | 1.71 | ||||||||||||||||||||||||||||||
Class C | 6.39 | 4.27 | 4.31 | 3.57 | 23.23 | 52.50 | 1.10 | 1.09 | ||||||||||||||||||||||||||||||
Class I1 | 8.40 | 5.31 | 5.24 | 5.09 | 29.53 | 66.71 | 2.08 | 2.08 | ||||||||||||||||||||||||||||||
Class R21,2 | 7.98 | 4.90 | 4.86 | 4.82 | 27.00 | 60.76 | 1.71 | 1.70 | ||||||||||||||||||||||||||||||
Class R41,2 | 8.25 | 5.18 | 5.00 | 5.02 | 28.72 | 62.95 | 1.95 | 1.85 | ||||||||||||||||||||||||||||||
Class R61,2 | 8.58 | 5.45 | 5.33 | 5.14 | 30.38 | 68.11 | 2.19 | 2.19 | ||||||||||||||||||||||||||||||
Class NAV1,2 | 8.53 | 5.43 | 5.13 | 5.15 | 30.29 | 64.96 | 2.21 | 2.20 | ||||||||||||||||||||||||||||||
Index†† | 7.28 | 4.34 | 3.71 | 1.79 | 23.66 | 43.99 | — | — |
Performance figures assume all distributions have been reinvested. Figures reflect maximum sales charges on Class A shares of 4.0% and the applicable contingent deferred sales charge (CDSC) on Class C shares. The returns for Class A shares have been adjusted to reflect the reduction in the maximum sales charge from 4.5% to 4.0%, effective 2-3-14. Class C shares sold within one year of purchase are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R2, Class R4, Class R6, and Class NAV shares.
The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the fund and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until September 30, 2021 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The following expense ratios include expenses of the affiliated underlying funds in which the fund invests. The expense ratios are as follows:
Class A | Class C | Class I | Class R2 | Class R4 | Class R6 | Class NAV | ||||||||||
Gross (%) | 0.79 | 1.49 | 0.49 | 0.88 | 0.73 | 0.38 | 0.36 | |||||||||
Net (%) | 0.78 | 1.48 | 0.48 | 0.87 | 0.62 | 0.37 | 0.35 |
Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.
The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the fund’s website at jhinvestments.com.
The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The fund’s performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.
† | Unsubsidized yield reflects what the yield would have been without the effect of reimbursements and waivers. |
†† | Index is the Bloomberg Barclays U.S. Aggregate Bond Index. |
See the following page for footnotes.
SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 5 |
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This chart and table show what happened to a hypothetical $10,000 investment in John Hancock Bond Fund for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in the Bloomberg Barclays U.S. Aggregate Bond Index.
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |||||||||||
| ||||||||||||||
Class C3 | 11-30-10 | 15,250 | 15,250 | 14,399 | ||||||||||
Class I1 | 11-30-10 | 16,671 | 16,671 | 14,399 | ||||||||||
Class R21,2 | 11-30-10 | 16,076 | 16,076 | 14,399 | ||||||||||
Class R41,2 | 11-30-10 | 16,295 | 16,295 | 14,399 | ||||||||||
Class R61,2 | 11-30-10 | 16,811 | 16,811 | 14,399 | ||||||||||
Class NAV1,2 | 11-30-10 | 16,496 | 16,496 | 14,399 |
The values shown in the chart for Class A shares with maximum sales charge have been adjusted to reflect the reduction in the Class A shares’ maximum sales charge from 4.5% to 4.0%, which became effective on 2-3-14.
The Bloomberg Barclays U.S. Aggregate Bond Index is an unmanaged index of US dollar-denominated and non-convertible investment-grade debt issues.
It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
Footnotes related to performance pages
1 | For certain types of investors, as described in the fund’s prospectuses. |
2 | Class R2 shares were first offered on 3-1-12; Class R4 shares were first offered on 3-27-15; Class R6 shares were first offered on 9-1-11; Class NAV shares were first offered on 8-31-15. Returns prior to these dates are those of Class A shares that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
3 | The contingent deferred sales charge is not applicable. |
6 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT |
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These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds.
Understanding fund expenses
As a shareholder of the fund, you incur two types of costs:
∎ | Transaction costs, which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc. |
∎ | Ongoing operating expenses, including management fees, distribution and service fees (if applicable), and other fund expenses. |
We are presenting only your ongoing operating expenses here.
Actual expenses/actual returns
The first line of each share class in the table on the following page is intended to provide information about the fund’s actual ongoing operating expenses, and is based on the fund’s actual return. It assumes an account value of $1,000.00 on June 1, 2020, with the same investment held until November 30, 2020.
Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at November 30, 2020, by $1,000.00, then multiply it by the ”expenses paid” for your share class from the table. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:
Hypothetical example for comparison purposes
The second line of each share class in the table on the following page allows you to compare the fund’s ongoing operating expenses with those of any other fund. It provides an example of the fund’s hypothetical account values and hypothetical expenses based on each class’s actual expense ratio and an assumed 5% annualized return before expenses (which is not the class’s actual return). It assumes an account value of $1,000.00 on June 1, 2020, with the same investment held until November 30, 2020. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.
SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 7 |
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Remember, these examples do not include any transaction costs, therefore, these examples will not help you to determine the relative total costs of owning different funds. If transaction costs were included, your expenses would have been higher. See the prospectuses for details regarding transaction costs.
SHAREHOLDER EXPENSE EXAMPLE CHART
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Account
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|
|
Ending
|
|
|
Expenses
|
|
|
Annualized
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| |||||||
Class A | Actual expenses/actual returns | $1,000.00 | $1,048.70 | $3.95 | 0.77 | % | ||||||||||||
Hypothetical example | 1,000.00 | 1,021.20 | 3.90 | 0.77 | % | |||||||||||||
Class C | Actual expenses/actual returns | 1,000.00 | 1,045.70 | 7.54 | 1.47 | % | ||||||||||||
Hypothetical example | 1,000.00 | 1,017.70 | 7.44 | 1.47 | % | |||||||||||||
Class I | Actual expenses/actual returns | 1,000.00 | 1,050.90 | 2.42 | 0.47 | % | ||||||||||||
Hypothetical example | 1,000.00 | 1,022.70 | 2.38 | 0.47 | % | |||||||||||||
Class R2 | Actual expenses/actual returns | 1,000.00 | 1,048.20 | 4.42 | 0.86 | % | ||||||||||||
Hypothetical example | 1,000.00 | 1,020.80 | 4.36 | 0.86 | % | |||||||||||||
Class R4 | Actual expenses/actual returns | 1,000.00 | 1,050.20 | 3.14 | 0.61 | % | ||||||||||||
Hypothetical example | 1,000.00 | 1,022.00 | 3.09 | 0.61 | % | |||||||||||||
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,051.40 | 1.85 | 0.36 | % | ||||||||||||
Hypothetical example | 1,000.00 | 1,023.30 | 1.83 | 0.36 | % | |||||||||||||
Class NAV | Actual expenses/actual returns | 1,000.00 | 1,051.50 | 1.80 | 0.35 | % | ||||||||||||
Hypothetical example | 1,000.00 | 1,023.30 | 1.78 | 0.35 | % |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period). |
8 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT |
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AS OF 11-30-20 (unaudited)
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
U.S. Government and Agency obligations 31.1% | $ | 6,664,006,319 | ||||||||||||||
(Cost $6,329,903,017) | ||||||||||||||||
U.S. Government 10.2% | 2,178,676,437 | |||||||||||||||
U.S. Treasury | ||||||||||||||||
Bond | 1.375 | 08-15-50 | 328,596,000 | 312,217,543 | ||||||||||||
Bond | 2.250 | 08-15-49 | 263,550,000 | 305,882,719 | ||||||||||||
Bond | 2.500 | 02-15-45 | 126,224,000 | 152,371,105 | ||||||||||||
Bond | 2.750 | 11-15-42 | 546,730,000 | 685,911,226 | ||||||||||||
Bond | 3.125 | 11-15-41 | 237,343,000 | 314,358,950 | ||||||||||||
Note | 0.375 | 11-30-25 | 40,386,000 | 40,408,086 | ||||||||||||
Note | 0.875 | 11-15-30 | 263,893,000 | 264,511,499 | ||||||||||||
Note | 1.625 | 09-30-26 | 96,650,000 | 103,015,309 | ||||||||||||
U.S. Government Agency 20.9% | 4,485,329,882 | |||||||||||||||
Federal Home Loan Mortgage Corp. | ||||||||||||||||
30 Yr Pass Thru | 2.000 | 09-01-50 | 158,731,888 | 165,926,554 | ||||||||||||
30 Yr Pass Thru (A) | 2.000 | 11-01-50 | 29,868,896 | 31,306,736 | ||||||||||||
30 Yr Pass Thru | 2.500 | 08-01-50 | 90,715,527 | 96,506,906 | ||||||||||||
30 Yr Pass Thru | 2.500 | 09-01-50 | 38,573,918 | 40,813,516 | ||||||||||||
30 Yr Pass Thru | 3.000 | 03-01-43 | 5,007,542 | 5,458,563 | ||||||||||||
30 Yr Pass Thru | 3.000 | 12-01-45 | 18,820,431 | 20,315,590 | ||||||||||||
30 Yr Pass Thru | 3.000 | 05-01-46 | 3,512,206 | 3,796,715 | ||||||||||||
30 Yr Pass Thru | 3.000 | 10-01-46 | 6,741,784 | 7,264,734 | ||||||||||||
30 Yr Pass Thru | 3.000 | 10-01-46 | 6,518,655 | 6,972,555 | ||||||||||||
30 Yr Pass Thru | 3.000 | 10-01-46 | 11,239,362 | 12,036,983 | ||||||||||||
30 Yr Pass Thru | 3.000 | 10-01-46 | 78,664,653 | 84,815,710 | ||||||||||||
30 Yr Pass Thru | 3.000 | 12-01-46 | 64,855,971 | 68,951,904 | ||||||||||||
30 Yr Pass Thru | 3.000 | 12-01-46 | 14,086,162 | 15,222,822 | ||||||||||||
30 Yr Pass Thru | 3.000 | 04-01-47 | 38,952,318 | 41,704,467 | ||||||||||||
30 Yr Pass Thru | 3.000 | 09-01-49 | 26,171,595 | 27,637,309 | ||||||||||||
30 Yr Pass Thru | 3.000 | 10-01-49 | 31,497,966 | 33,448,997 | ||||||||||||
30 Yr Pass Thru | 3.000 | 12-01-49 | 40,779,298 | 42,719,026 | ||||||||||||
30 Yr Pass Thru | 3.000 | 01-01-50 | 22,072,781 | 23,467,593 | ||||||||||||
30 Yr Pass Thru | 3.000 | 02-01-50 | 95,816,769 | 100,374,437 | ||||||||||||
30 Yr Pass Thru | 3.000 | 02-01-50 | 15,804,897 | 16,803,632 | ||||||||||||
30 Yr Pass Thru | 3.500 | 06-01-42 | 4,397,143 | 4,812,749 | ||||||||||||
30 Yr Pass Thru | 3.500 | 04-01-44 | 5,584,196 | 6,185,510 | ||||||||||||
30 Yr Pass Thru | 3.500 | 05-01-45 | 11,708,281 | 12,760,034 | ||||||||||||
30 Yr Pass Thru | 3.500 | 08-01-46 | 61,468,519 | 67,105,483 | ||||||||||||
30 Yr Pass Thru | 3.500 | 09-01-46 | 15,792,253 | 17,028,271 | ||||||||||||
30 Yr Pass Thru | 3.500 | 10-01-46 | 3,243,848 | 3,494,060 | ||||||||||||
30 Yr Pass Thru | 3.500 | 10-01-46 | 23,517,115 | 25,628,736 | ||||||||||||
30 Yr Pass Thru | 3.500 | 11-01-46 | 7,715,804 | 8,317,289 | ||||||||||||
30 Yr Pass Thru | 3.500 | 11-01-46 | 8,032,941 | 8,724,416 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 9 |
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Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
U.S. Government Agency (continued) | ||||||||||||||||
30 Yr Pass Thru | 3.500 | 12-01-46 | 12,137,591 | $13,189,980 | ||||||||||||
30 Yr Pass Thru | 3.500 | 01-01-47 | 7,605,516 | 8,293,472 | ||||||||||||
30 Yr Pass Thru | 3.500 | 02-01-47 | 11,400,968 | 12,278,417 | ||||||||||||
30 Yr Pass Thru | 3.500 | 04-01-47 | 13,691,251 | 14,938,248 | ||||||||||||
30 Yr Pass Thru | 3.500 | 09-01-47 | 38,779,922 | 42,045,381 | ||||||||||||
30 Yr Pass Thru | 3.500 | 11-01-47 | 29,948,530 | 32,086,628 | ||||||||||||
30 Yr Pass Thru | 3.500 | 11-01-47 | 11,489,621 | 12,340,860 | ||||||||||||
30 Yr Pass Thru | 4.000 | 01-01-41 | 10,338,485 | 11,465,391 | ||||||||||||
30 Yr Pass Thru | 4.000 | 03-01-42 | 5,397,439 | 5,980,706 | ||||||||||||
30 Yr Pass Thru | 4.000 | 11-01-43 | 3,833,801 | 4,240,907 | ||||||||||||
30 Yr Pass Thru | 4.000 | 01-01-47 | 10,865,562 | 12,012,570 | ||||||||||||
30 Yr Pass Thru | 4.000 | 03-01-47 | 37,226,060 | 40,632,286 | ||||||||||||
30 Yr Pass Thru | 4.000 | 04-01-47 | 15,135,341 | 16,464,075 | ||||||||||||
30 Yr Pass Thru | 4.000 | 05-01-47 | 11,662,201 | 12,680,561 | ||||||||||||
30 Yr Pass Thru | 4.000 | 10-01-47 | 20,932,765 | 22,655,161 | ||||||||||||
30 Yr Pass Thru | 4.000 | 03-01-48 | 7,419,185 | 7,961,489 | ||||||||||||
30 Yr Pass Thru | 4.000 | 07-01-48 | 36,972,529 | 40,355,556 | ||||||||||||
30 Yr Pass Thru | 4.000 | 08-01-48 | 20,697,405 | 22,448,946 | ||||||||||||
30 Yr Pass Thru | 5.500 | 11-01-39 | 3,406,427 | 3,993,858 | ||||||||||||
Federal National Mortgage Association | 2.000 | TBA | 209,402,000 | 217,521,269 | ||||||||||||
30 Yr Pass Thru | 2.000 | 09-01-50 | 43,398,218 | 45,365,282 | ||||||||||||
30 Yr Pass Thru | 2.000 | 09-01-50 | 25,446,540 | 26,552,216 | ||||||||||||
30 Yr Pass Thru | 2.000 | 09-01-50 | 25,736,483 | 26,894,970 | ||||||||||||
30 Yr Pass Thru | 2.000 | 10-01-50 | 29,100,346 | 30,364,782 | ||||||||||||
30 Yr Pass Thru (A) | 2.000 | 10-01-50 | 22,937,821 | 24,042,011 | ||||||||||||
30 Yr Pass Thru | 2.000 | 10-01-50 | 29,822,089 | 31,173,802 | ||||||||||||
30 Yr Pass Thru | 2.000 | 11-01-50 | 47,644,285 | 49,854,427 | ||||||||||||
30 Yr Pass Thru (A) | 2.500 | TBA | 75,446,000 | 79,047,339 | ||||||||||||
30 Yr Pass Thru | 2.500 | 08-01-50 | 39,412,647 | 41,805,630 | ||||||||||||
30 Yr Pass Thru | 2.500 | 08-01-50 | 42,414,291 | 45,122,066 | ||||||||||||
30 Yr Pass Thru | 2.500 | 09-01-50 | 160,300,440 | 170,960,002 | ||||||||||||
30 Yr Pass Thru | 2.500 | 09-01-50 | 19,379,786 | 20,480,749 | ||||||||||||
30 Yr Pass Thru | 2.500 | 09-01-50 | 89,126,501 | 94,537,915 | ||||||||||||
30 Yr Pass Thru (6 month LIBOR + 2.122%) (B) | 2.997 | 07-01-33 | 359 | 374 | ||||||||||||
30 Yr Pass Thru | 3.000 | 07-01-42 | 3,295,994 | 3,549,592 | ||||||||||||
30 Yr Pass Thru | 3.000 | 10-01-42 | 6,043,721 | 6,435,076 | ||||||||||||
30 Yr Pass Thru | 3.000 | 10-01-42 | 3,280,297 | 3,492,709 | ||||||||||||
30 Yr Pass Thru | 3.000 | 04-01-43 | 2,241,477 | 2,399,230 | ||||||||||||
30 Yr Pass Thru | 3.000 | 12-01-45 | 36,018,593 | 37,979,499 | ||||||||||||
30 Yr Pass Thru | 3.000 | 08-01-46 | 44,764,550 | 47,929,023 | ||||||||||||
30 Yr Pass Thru | 3.000 | 08-01-46 | 32,679,790 | 34,989,973 | ||||||||||||
30 Yr Pass Thru | 3.000 | 09-01-46 | 4,327,035 | 4,626,970 | ||||||||||||
30 Yr Pass Thru | 3.000 | 10-01-46 | 3,305,779 | 3,534,924 |
10 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
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Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
U.S. Government Agency (continued) | ||||||||||||||||
30 Yr Pass Thru | 3.000 | 10-01-46 | 26,455,461 | $27,870,934 | ||||||||||||
30 Yr Pass Thru | 3.000 | 01-01-47 | 25,839,192 | 27,657,728 | ||||||||||||
30 Yr Pass Thru | 3.000 | 02-01-47 | 14,767,203 | 15,954,177 | ||||||||||||
30 Yr Pass Thru | 3.000 | 04-01-47 | 61,187,309 | 64,461,075 | ||||||||||||
30 Yr Pass Thru | 3.000 | 10-01-47 | 31,391,289 | 33,600,577 | ||||||||||||
30 Yr Pass Thru | 3.000 | 11-01-47 | 35,150,643 | 37,635,495 | ||||||||||||
30 Yr Pass Thru | 3.000 | 11-01-48 | 76,019,546 | 80,086,896 | ||||||||||||
30 Yr Pass Thru | 3.000 | 11-01-48 | 26,415,212 | 27,836,787 | ||||||||||||
30 Yr Pass Thru | 3.000 | 09-01-49 | 35,965,551 | 37,979,766 | ||||||||||||
30 Yr Pass Thru | 3.000 | 09-01-49 | 46,141,525 | 49,807,077 | ||||||||||||
30 Yr Pass Thru | 3.000 | 10-01-49 | 24,549,285 | 25,707,803 | ||||||||||||
30 Yr Pass Thru | 3.000 | 10-01-49 | 50,077,327 | 52,459,330 | ||||||||||||
30 Yr Pass Thru | 3.000 | 10-01-49 | 54,627,645 | 58,438,142 | ||||||||||||
30 Yr Pass Thru | 3.000 | 11-01-49 | 31,791,868 | 34,317,461 | ||||||||||||
30 Yr Pass Thru | 3.000 | 11-01-49 | 39,394,332 | 41,834,476 | ||||||||||||
30 Yr Pass Thru | 3.000 | 11-01-49 | 32,967,585 | 34,813,902 | ||||||||||||
30 Yr Pass Thru | 3.000 | 11-01-49 | 49,153,031 | 51,491,068 | ||||||||||||
30 Yr Pass Thru | 3.000 | 12-01-49 | 40,856,271 | 43,144,386 | ||||||||||||
30 Yr Pass Thru | 3.000 | 01-01-50 | 32,839,232 | 34,631,154 | ||||||||||||
30 Yr Pass Thru | 3.000 | 02-01-50 | 48,471,122 | 50,762,332 | ||||||||||||
30 Yr Pass Thru | 3.500 | 11-01-40 | 2,496,779 | 2,725,740 | ||||||||||||
30 Yr Pass Thru | 3.500 | 06-01-42 | 2,320,690 | 2,539,305 | ||||||||||||
30 Yr Pass Thru | 3.500 | 08-01-42 | 4,034,777 | 4,418,647 | ||||||||||||
30 Yr Pass Thru | 3.500 | 06-01-43 | 15,741,667 | 17,318,040 | ||||||||||||
30 Yr Pass Thru | 3.500 | 07-01-43 | 4,534,382 | 4,988,456 | ||||||||||||
30 Yr Pass Thru | 3.500 | 07-01-43 | 4,776,219 | 5,254,510 | ||||||||||||
30 Yr Pass Thru | 3.500 | 01-01-45 | 3,420,271 | 3,765,984 | ||||||||||||
30 Yr Pass Thru | 3.500 | 04-01-45 | 11,531,936 | 12,571,427 | ||||||||||||
30 Yr Pass Thru | 3.500 | 04-01-45 | 3,042,708 | 3,316,978 | ||||||||||||
30 Yr Pass Thru | 3.500 | 04-01-45 | 12,212,440 | 13,313,272 | ||||||||||||
30 Yr Pass Thru | 3.500 | 01-01-46 | 30,838,713 | 33,849,811 | ||||||||||||
30 Yr Pass Thru | 3.500 | 02-01-46 | 22,281,369 | 23,927,744 | ||||||||||||
30 Yr Pass Thru | 3.500 | 07-01-46 | 21,015,520 | 22,489,553 | ||||||||||||
30 Yr Pass Thru | 3.500 | 07-01-46 | 8,007,720 | 8,634,446 | ||||||||||||
30 Yr Pass Thru | 3.500 | 08-01-46 | 31,839,863 | 34,580,566 | ||||||||||||
30 Yr Pass Thru | 3.500 | 02-01-47 | 36,782,916 | 39,914,621 | ||||||||||||
30 Yr Pass Thru | 3.500 | 03-01-47 | 40,884,279 | 44,569,597 | ||||||||||||
30 Yr Pass Thru | 3.500 | 05-01-47 | 26,796,857 | 29,279,323 | ||||||||||||
30 Yr Pass Thru | 3.500 | 07-01-47 | 49,247,232 | 53,717,167 | ||||||||||||
30 Yr Pass Thru | 3.500 | 08-01-47 | 36,140,511 | 39,307,872 | ||||||||||||
30 Yr Pass Thru | 3.500 | 11-01-47 | 45,429,061 | 49,154,934 | ||||||||||||
30 Yr Pass Thru | 3.500 | 12-01-47 | 22,780,665 | 24,463,933 | ||||||||||||
30 Yr Pass Thru | 3.500 | 01-01-48 | 36,486,930 | 39,182,956 | ||||||||||||
30 Yr Pass Thru | 3.500 | 03-01-48 | 8,365,409 | 9,150,839 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 11 |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
U.S. Government Agency (continued) | ||||||||||||||||
30 Yr Pass Thru | 3.500 | 03-01-48 | 25,428,193 | $26,893,880 | ||||||||||||
30 Yr Pass Thru | 3.500 | 06-01-48 | 18,680,758 | 20,212,864 | ||||||||||||
30 Yr Pass Thru | 3.500 | 03-01-49 | 5,879,295 | 6,313,717 | ||||||||||||
30 Yr Pass Thru | 3.500 | 06-01-49 | 39,544,417 | 42,342,785 | ||||||||||||
30 Yr Pass Thru | 3.500 | 06-01-49 | 28,739,857 | 30,881,413 | ||||||||||||
30 Yr Pass Thru | 3.500 | 07-01-49 | 16,132,620 | 17,015,118 | ||||||||||||
30 Yr Pass Thru | 3.500 | 07-01-49 | 61,432,035 | 64,800,212 | ||||||||||||
30 Yr Pass Thru | 3.500 | 09-01-49 | 14,292,005 | 15,057,737 | ||||||||||||
30 Yr Pass Thru | 3.500 | 12-01-49 | 86,656,123 | 91,542,679 | ||||||||||||
30 Yr Pass Thru | 3.500 | 02-01-50 | 59,465,976 | 62,652,027 | ||||||||||||
30 Yr Pass Thru | 3.500 | 04-01-50 | 33,921,999 | 36,333,097 | ||||||||||||
30 Yr Pass Thru | 4.000 | 09-01-40 | 5,075,486 | 5,629,036 | ||||||||||||
30 Yr Pass Thru | 4.000 | 09-01-40 | 7,031,620 | 7,797,504 | ||||||||||||
30 Yr Pass Thru | 4.000 | 11-01-40 | 2,029,592 | 2,250,839 | ||||||||||||
30 Yr Pass Thru | 4.000 | 12-01-40 | 2,953,656 | 3,274,879 | ||||||||||||
30 Yr Pass Thru | 4.000 | 01-01-41 | 3,550,968 | 3,937,151 | ||||||||||||
30 Yr Pass Thru | 4.000 | 09-01-41 | 6,183,371 | 6,853,908 | ||||||||||||
30 Yr Pass Thru | 4.000 | 09-01-41 | 2,955,451 | 3,311,965 | ||||||||||||
30 Yr Pass Thru | 4.000 | 10-01-41 | 1,874,133 | 2,076,782 | ||||||||||||
30 Yr Pass Thru | 4.000 | 01-01-42 | 2,664,336 | 2,967,416 | ||||||||||||
30 Yr Pass Thru | 4.000 | 05-01-42 | 4,077,323 | 4,516,928 | ||||||||||||
30 Yr Pass Thru | 4.000 | 09-01-43 | 6,532,922 | 7,406,729 | ||||||||||||
30 Yr Pass Thru | 4.000 | 10-01-43 | 6,821,549 | 7,684,932 | ||||||||||||
30 Yr Pass Thru | 4.000 | 10-01-43 | 2,814,469 | 3,129,351 | ||||||||||||
30 Yr Pass Thru | 4.000 | 01-01-44 | 5,039,617 | 5,682,190 | ||||||||||||
30 Yr Pass Thru | 4.000 | 12-01-45 | 15,230,458 | 16,744,053 | ||||||||||||
30 Yr Pass Thru | 4.000 | 02-01-46 | 8,909,700 | 9,719,966 | ||||||||||||
30 Yr Pass Thru | 4.000 | 04-01-46 | 9,765,668 | 10,632,415 | ||||||||||||
30 Yr Pass Thru | 4.000 | 06-01-46 | 6,651,405 | 7,231,354 | ||||||||||||
30 Yr Pass Thru | 4.000 | 07-01-46 | 15,662,811 | 17,028,483 | ||||||||||||
30 Yr Pass Thru | 4.000 | 10-01-46 | 3,649,826 | 3,962,359 | ||||||||||||
30 Yr Pass Thru | 4.000 | 01-01-47 | 13,561,892 | 14,947,809 | ||||||||||||
30 Yr Pass Thru | 4.000 | 03-01-47 | 18,842,420 | 20,561,876 | ||||||||||||
30 Yr Pass Thru | 4.000 | 04-01-47 | 17,644,587 | 19,339,374 | ||||||||||||
30 Yr Pass Thru | 4.000 | 11-01-47 | 5,886,228 | 6,344,276 | ||||||||||||
30 Yr Pass Thru | 4.000 | 12-01-47 | 11,588,892 | 12,631,944 | ||||||||||||
30 Yr Pass Thru | 4.000 | 12-01-47 | 7,815,032 | 8,413,406 | ||||||||||||
30 Yr Pass Thru | 4.000 | 09-01-48 | 5,762,905 | 6,258,180 | ||||||||||||
30 Yr Pass Thru | 4.000 | 10-01-48 | 18,336,706 | 19,872,488 | ||||||||||||
30 Yr Pass Thru | 4.000 | 10-01-48 | 21,946,928 | 23,915,392 | ||||||||||||
30 Yr Pass Thru | 4.000 | 01-01-49 | 15,641,083 | 17,029,300 | ||||||||||||
30 Yr Pass Thru | 4.000 | 02-01-49 | 19,054,682 | 20,745,870 | ||||||||||||
30 Yr Pass Thru | 4.000 | 07-01-49 | 29,619,354 | 32,118,621 | ||||||||||||
30 Yr Pass Thru | 7.000 | 09-01-31 | 122 | 144 |
12 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
U.S. Government Agency (continued) | ||||||||||||||||
30 Yr Pass Thru | 7.000 | 09-01-31 | 98 | $116 | ||||||||||||
30 Yr Pass Thru | 7.000 | 09-01-31 | 1,888 | 2,228 | ||||||||||||
30 Yr Pass Thru | 7.000 | 01-01-32 | 78 | 92 | ||||||||||||
30 Yr Pass Thru | 7.000 | 05-01-32 | 112 | 134 | ||||||||||||
30 Yr Pass Thru | 7.000 | 06-01-32 | 92 | 108 | ||||||||||||
30 Yr Pass Thru | 7.500 | 09-01-29 | 50 | 58 | ||||||||||||
30 Yr Pass Thru | 7.500 | 12-01-29 | 56 | 65 | ||||||||||||
30 Yr Pass Thru | 7.500 | 12-01-30 | 14 | 16 | ||||||||||||
30 Yr Pass Thru | 7.500 | 01-01-31 | 23 | 26 | ||||||||||||
30 Yr Pass Thru | 7.500 | 05-01-31 | 270 | 317 | ||||||||||||
30 Yr Pass Thru | 7.500 | 08-01-31 | 105 | 119 | ||||||||||||
Government National | ||||||||||||||||
30 Yr Pass Thru | 5.000 | 04-15-35 | 2,892 | 3,278 | ||||||||||||
30 Yr Pass Thru | 5.000 | 04-15-35 | 1,473 | 1,666 | ||||||||||||
30 Yr Pass Thru | 5.500 | 03-15-35 | 2,064 | 2,388 | ||||||||||||
30 Yr Pass Thru | 6.000 | 03-15-33 | 2,014 | 2,340 | ||||||||||||
30 Yr Pass Thru | 6.000 | 06-15-33 | 725 | 838 | ||||||||||||
30 Yr Pass Thru | 6.500 | 09-15-28 | 284 | 320 | ||||||||||||
30 Yr Pass Thru | 6.500 | 09-15-29 | 130 | 148 | ||||||||||||
30 Yr Pass Thru | 6.500 | 08-15-31 | 204 | 236 | ||||||||||||
30 Yr Pass Thru | 7.000 | 04-15-29 | 608 | 695 | ||||||||||||
30 Yr Pass Thru | 8.000 | 10-15-26 | 304 | 339 | ||||||||||||
Foreign government obligations 0.4% | $95,822,691 | |||||||||||||||
(Cost $82,967,176) | ||||||||||||||||
Qatar 0.2% | 52,148,641 | |||||||||||||||
State of Qatar | ||||||||||||||||
Bond (C) | 3.375 | 03-14-24 | 24,739,000 | 26,718,120 | ||||||||||||
Bond (C) | 5.103 | 04-23-48 | 17,804,000 | 25,430,521 | ||||||||||||
Saudi Arabia 0.2% | 43,674,050 | |||||||||||||||
Kingdom of Saudi Arabia | 4.375 | 04-16-29 | 36,978,000 | 43,674,050 | ||||||||||||
Corporate bonds 54.5% | $11,661,929,630 | |||||||||||||||
(Cost $10,901,459,325) | ||||||||||||||||
Communication services 7.3% | 1,553,938,650 | |||||||||||||||
Diversified telecommunication services 2.3% | ||||||||||||||||
AT&T, Inc. | 2.300 | 06-01-27 | 16,724,000 | 17,724,713 | ||||||||||||
AT&T, Inc. | 3.100 | 02-01-43 | 28,805,000 | 29,459,799 | ||||||||||||
AT&T, Inc. | 3.650 | 06-01-51 | 8,114,000 | 8,568,884 | ||||||||||||
AT&T, Inc. | 3.800 | 02-15-27 | 20,506,000 | 23,474,333 | ||||||||||||
C&W Senior Financing DAC (C) | 6.875 | 09-15-27 | 16,470,000 | 17,760,919 | ||||||||||||
CenturyLink, Inc. (C) | 4.000 | 02-15-27 | 7,709,000 | 7,969,179 | ||||||||||||
CenturyLink, Inc. (C) | 4.500 | 01-15-29 | 21,848,000 | 22,284,960 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 13 |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Communication services (continued) | ||||||||||||||||
Diversified telecommunication services (continued) | ||||||||||||||||
Cincinnati Bell, Inc. (C) | 7.000 | 07-15-24 | 22,599,000 | $23,362,168 | ||||||||||||
Frontier Communications Corp. (C) | 5.875 | 10-15-27 | 3,038,000 | 3,193,698 | ||||||||||||
GCI LLC (C) | 4.750 | 10-15-28 | 10,096,000 | 10,615,540 | ||||||||||||
Level 3 Financing, Inc. (C) | 3.400 | 03-01-27 | 24,679,000 | 26,630,615 | ||||||||||||
Liquid Telecommunications Financing PLC (C) | 8.500 | 07-13-22 | 12,325,000 | 12,590,024 | ||||||||||||
Radiate Holdco LLC (C) | 6.500 | 09-15-28 | 12,060,000 | 12,812,544 | ||||||||||||
Switch, Ltd. (C) | 3.750 | 09-15-28 | 4,349,000 | 4,412,430 | ||||||||||||
Telecom Argentina SA (C) | 6.500 | 06-15-21 | 6,990,000 | 6,780,370 | ||||||||||||
Telecom Argentina SA (C) | 8.000 | 07-18-26 | 12,621,000 | 11,516,789 | ||||||||||||
Telecom Italia Capital SA | 7.200 | 07-18-36 | 25,359,000 | 32,459,520 | ||||||||||||
Telecom Italia SpA (C) | 5.303 | 05-30-24 | 15,555,000 | 16,916,063 | ||||||||||||
Total Play Telecomunicaciones SA de CV (C) | 7.500 | 11-12-25 | 27,652,000 | 27,721,130 | ||||||||||||
Verizon Communications, Inc. | 2.650 | 11-20-40 | 41,641,000 | 42,819,669 | ||||||||||||
Verizon Communications, Inc. | 3.000 | 03-22-27 | 5,157,000 | 5,726,413 | ||||||||||||
Verizon Communications, Inc. | 4.329 | 09-21-28 | 47,515,000 | 57,641,237 | ||||||||||||
Verizon Communications, Inc. | 4.400 | 11-01-34 | 19,334,000 | 24,414,841 | ||||||||||||
Verizon Communications, Inc. | 4.862 | 08-21-46 | 37,575,000 | 51,633,438 | ||||||||||||
Entertainment 0.6% | ||||||||||||||||
Activision Blizzard, Inc. | 3.400 | 09-15-26 | 10,623,000 | 12,030,728 | ||||||||||||
Cable One, Inc. (C) | 4.000 | 11-15-30 | 6,833,000 | 7,114,861 | ||||||||||||
Lions Gate Capital Holdings LLC (C) | 5.875 | 11-01-24 | 14,513,000 | 14,585,565 | ||||||||||||
Lions Gate Capital Holdings LLC (C) | 6.375 | 02-01-24 | 955,000 | 981,368 | ||||||||||||
Netflix, Inc. | 4.875 | 04-15-28 | 38,115,000 | 43,641,675 | ||||||||||||
Netflix, Inc. (C) | 4.875 | 06-15-30 | 14,707,000 | 17,004,969 | ||||||||||||
Netflix, Inc. (C) | 5.375 | 11-15-29 | 5,283,000 | 6,308,166 | ||||||||||||
Netflix, Inc. | 5.875 | 11-15-28 | 26,096,000 | 31,515,617 | ||||||||||||
Interactive media and services 0.2% | ||||||||||||||||
ANGI Group LLC (C) | 3.875 | 08-15-28 | 12,213,000 | 12,075,604 | ||||||||||||
Match Group Holdings II LLC (C) | 4.125 | 08-01-30 | 12,092,000 | 12,515,220 | ||||||||||||
Twitter, Inc. (C) | 3.875 | 12-15-27 | 13,568,000 | 14,195,520 | ||||||||||||
Media 2.7% | ||||||||||||||||
Altice Financing SA (C) | 5.000 | 01-15-28 | 6,979,000 | 7,128,141 | ||||||||||||
Altice France Holding SA (C) | 10.500 | 05-15-27 | 4,417,000 | 4,978,842 | ||||||||||||
Charter Communications Operating LLC | 4.200 | 03-15-28 | 38,606,000 | 44,330,154 | ||||||||||||
Charter Communications Operating LLC | 4.800 | 03-01-50 | 42,872,000 | 51,385,610 | ||||||||||||
Charter Communications Operating LLC | 5.750 | 04-01-48 | 42,693,000 | 56,538,449 | ||||||||||||
Charter Communications Operating LLC | 6.484 | 10-23-45 | 37,107,000 | 52,908,488 | ||||||||||||
Comcast Corp. | 3.999 | 11-01-49 | 5,054,000 | 6,444,174 | ||||||||||||
Comcast Corp. | 4.049 | 11-01-52 | 30,950,000 | 39,760,517 | ||||||||||||
Comcast Corp. | 4.150 | 10-15-28 | 77,179,000 | 92,871,289 | ||||||||||||
Cox Communications, Inc. (C) | 1.800 | 10-01-30 | 13,500,000 | 13,539,768 |
14 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Communication services (continued) | ||||||||||||||||
Media (continued) | ||||||||||||||||
Cox Communications, Inc. (C) | 2.950 | 10-01-50 | 18,581,000 | $19,161,845 | ||||||||||||
CSC Holdings LLC (C) | 4.625 | 12-01-30 | 3,912,000 | 4,004,714 | ||||||||||||
CSC Holdings LLC (C) | 5.375 | 02-01-28 | 7,610,000 | 8,076,113 | ||||||||||||
CSC Holdings LLC (C) | 5.750 | 01-15-30 | 21,458,000 | 23,152,967 | ||||||||||||
CSC Holdings LLC | 5.875 | 09-15-22 | 11,735,000 | 12,483,106 | ||||||||||||
CSC Holdings LLC (C) | 7.500 | 04-01-28 | 11,630,000 | 12,965,880 | ||||||||||||
Globo Comunicacao e Participacoes SA (C) | 4.875 | 01-22-30 | 23,350,000 | 24,295,909 | ||||||||||||
LCPR Senior Secured Financing DAC (C) | 6.750 | 10-15-27 | 9,735,000 | 10,582,919 | ||||||||||||
MDC Partners, Inc. (C) | 6.500 | 05-01-24 | 25,931,000 | 25,542,035 | ||||||||||||
Meredith Corp. (D) | 6.875 | 02-01-26 | 28,266,000 | 28,124,670 | ||||||||||||
National CineMedia LLC (C) | 5.875 | 04-15-28 | 8,680,000 | 6,781,250 | ||||||||||||
Sirius XM Radio, Inc. (C) | 5.000 | 08-01-27 | 22,791,000 | 23,981,146 | ||||||||||||
Virgin Media Finance PLC (C) | 5.000 | 07-15-30 | 5,989,000 | 6,267,489 | ||||||||||||
Wireless telecommunication services 1.5% | ||||||||||||||||
Millicom International Cellular SA (C)(D) | 4.500 | 04-27-31 | 2,745,000 | 2,960,483 | ||||||||||||
Millicom International Cellular SA (C) | 5.125 | 01-15-28 | 4,100,000 | 4,382,080 | ||||||||||||
MTN Mauritius Investments, Ltd. (C) | 4.755 | 11-11-24 | 12,421,000 | 12,891,323 | ||||||||||||
Oztel Holdings SPC, Ltd. (C) | 6.625 | 04-24-28 | 13,917,000 | 14,486,567 | ||||||||||||
SoftBank Group Corp. (6.875% to 7-19-27, then 5 Year ICE Swap Rate + 4.854%) (E) | 6.875 | 07-19-27 | 29,584,000 | 29,214,200 | ||||||||||||
Sprint Corp. | 7.875 | 09-15-23 | 16,706,000 | 19,253,665 | ||||||||||||
Telefonica Celular del Paraguay SA (C) | 5.875 | 04-15-27 | 13,976,000 | 14,905,404 | ||||||||||||
T-Mobile USA, Inc. (C) | 2.050 | 02-15-28 | 34,705,000 | 35,706,933 | ||||||||||||
T-Mobile USA, Inc. (C) | 2.550 | 02-15-31 | 11,123,000 | 11,611,856 | ||||||||||||
T-Mobile USA, Inc. (C) | 3.300 | 02-15-51 | 33,122,000 | 34,708,875 | ||||||||||||
T-Mobile USA, Inc. (C) | 3.750 | 04-15-27 | 16,054,000 | 18,174,733 | ||||||||||||
T-Mobile USA, Inc. (C) | 3.875 | 04-15-30 | 34,613,000 | 39,697,304 | ||||||||||||
T-Mobile USA, Inc. (C) | 4.500 | 04-15-50 | 22,409,000 | 28,001,166 | ||||||||||||
Vodafone Group PLC (7.000% to 1-4-29, then 5 Year U.S. Swap Rate + 4.873%) | 7.000 | 04-04-79 | 34,315,000 | 42,180,017 | ||||||||||||
Consumer discretionary 5.8% | 1,248,658,547 | |||||||||||||||
Auto components 0.0% | ||||||||||||||||
Dealer Tire LLC (C) | 8.000 | 02-01-28 | 6,281,000 | 6,453,728 | ||||||||||||
Magna International, Inc. | 2.450 | 06-15-30 | 7,761,000 | 8,323,946 | ||||||||||||
Automobiles 1.7% | ||||||||||||||||
Daimler Finance North America LLC (C) | 2.700 | 06-14-24 | 14,240,000 | 15,190,909 | ||||||||||||
Daimler Finance North America LLC (C) | 3.500 | 08-03-25 | 13,005,000 | 14,410,444 | ||||||||||||
Ford Motor Credit Company LLC | 4.000 | 11-13-30 | 5,149,000 | 5,200,490 | ||||||||||||
Ford Motor Credit Company LLC | 4.125 | 08-17-27 | 23,165,000 | 23,946,819 | ||||||||||||
Ford Motor Credit Company LLC | 4.134 | 08-04-25 | 64,536,000 | 66,794,760 | ||||||||||||
Ford Motor Credit Company LLC | 5.113 | 05-03-29 | 35,923,000 | 38,760,917 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 15 |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Consumer discretionary (continued) | ||||||||||||||||
Automobiles (continued) | ||||||||||||||||
Ford Motor Credit Company LLC | 5.875 | 08-02-21 | 32,380,000 | $33,124,740 | ||||||||||||
General Motors Company | 5.400 | 04-01-48 | 11,218,000 | 14,149,070 | ||||||||||||
General Motors Financial Company, Inc. | 3.600 | 06-21-30 | 51,855,000 | 57,841,874 | ||||||||||||
General Motors Financial Company, Inc. | 4.300 | 07-13-25 | 26,238,000 | 29,342,692 | ||||||||||||
General Motors Financial Company, Inc. | 5.200 | 03-20-23 | 19,336,000 | 21,207,694 | ||||||||||||
Hyundai Capital America (C) | 1.800 | 10-15-25 | 10,962,000 | 11,108,331 | ||||||||||||
Hyundai Capital America (C) | 2.375 | 10-15-27 | 10,962,000 | 11,303,336 | ||||||||||||
Nissan Motor Acceptance Corp. (C) | 3.450 | 03-15-23 | 15,660,000 | 16,275,602 | ||||||||||||
Diversified consumer services 0.2% | ||||||||||||||||
GEMS MENASA Cayman, Ltd. (C) | 7.125 | 07-31-26 | 6,680,000 | 6,780,200 | ||||||||||||
Laureate Education, Inc. (C) | 8.250 | 05-01-25 | 8,645,000 | 9,163,700 | ||||||||||||
Service Corp. International | 3.375 | 08-15-30 | 8,007,000 | 8,207,175 | ||||||||||||
Sotheby’s (C)(D) | 7.375 | 10-15-27 | 15,799,000 | 16,588,950 | ||||||||||||
Hotels, restaurants and leisure 1.6% | ||||||||||||||||
Bally’s Corp. (C) | 6.750 | 06-01-27 | 21,495,000 | 22,462,275 | ||||||||||||
Caesars Resort Collection LLC (C) | 5.750 | 07-01-25 | 6,989,000 | 7,399,604 | ||||||||||||
CCM Merger, Inc. (C) | 6.375 | 05-01-26 | 7,806,000 | 8,158,051 | ||||||||||||
Choice Hotels International, Inc. | 3.700 | 12-01-29 | 6,319,000 | 6,811,756 | ||||||||||||
Choice Hotels International, Inc. | 3.700 | 01-15-31 | 11,292,000 | 12,414,651 | ||||||||||||
Connect Finco SARL (C) | 6.750 | 10-01-26 | 23,292,000 | 24,137,500 | ||||||||||||
Dave & Buster’s, Inc. (C)(D) | 7.625 | 11-01-25 | 3,083,000 | 3,198,613 | ||||||||||||
Hilton Domestic Operating Company, Inc. (C) | 4.000 | 05-01-31 | 9,787,000 | 10,288,584 | ||||||||||||
Hilton Domestic Operating Company, Inc. | 4.875 | 01-15-30 | 16,969,000 | 18,294,618 | ||||||||||||
Hilton Domestic Operating Company, Inc. (C) | 5.750 | 05-01-28 | 4,667,000 | 5,022,859 | ||||||||||||
International Game Technology PLC (C) | 5.250 | 01-15-29 | 4,076,000 | 4,311,899 | ||||||||||||
International Game Technology PLC (C) | 6.500 | 02-15-25 | 11,430,000 | 12,601,575 | ||||||||||||
Jacobs Entertainment, Inc. (C) | 7.875 | 02-01-24 | 15,070,000 | 15,296,050 | ||||||||||||
Marriott International, Inc. | 3.125 | 06-15-26 | 9,705,000 | 10,195,863 | ||||||||||||
Marriott International, Inc. | 3.500 | 10-15-32 | 23,717,000 | 25,764,494 | ||||||||||||
Marriott International, Inc. | 4.625 | 06-15-30 | 9,478,000 | 10,943,359 | ||||||||||||
MGM Resorts International | 4.750 | 10-15-28 | 22,639,000 | 23,572,859 | ||||||||||||
New Red Finance, Inc. (C) | 4.000 | 10-15-30 | 33,222,000 | 33,138,945 | ||||||||||||
Resorts World Las Vegas LLC (C) | 4.625 | 04-16-29 | 19,445,000 | 18,966,718 | ||||||||||||
Starbucks Corp. | 2.250 | 03-12-30 | 28,598,000 | 29,965,840 | ||||||||||||
Waterford Gaming LLC (C)(F)(G) | 8.625 | 09-15-14 | 422,977 | 0 | ||||||||||||
Wyndham Destinations, Inc. (C) | 4.625 | 03-01-30 | 9,653,000 | 9,981,781 | ||||||||||||
Wyndham Hotels & Resorts, Inc. (C) | 4.375 | 08-15-28 | 4,856,000 | 4,966,474 | ||||||||||||
Yum! Brands, Inc. | 3.625 | 03-15-31 | 14,245,000 | 14,209,388 | ||||||||||||
Yum! Brands, Inc. (C) | 4.750 | 01-15-30 | 12,072,000 | 13,050,436 | ||||||||||||
Internet and direct marketing retail 1.4% | ||||||||||||||||
Amazon.com, Inc. | 3.150 | 08-22-27 | 42,155,000 | 47,900,685 |
16 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Consumer discretionary (continued) | ||||||||||||||||
Internet and direct marketing retail (continued) | ||||||||||||||||
Amazon.com, Inc. | 4.050 | 08-22-47 | 25,692,000 | $34,350,530 | ||||||||||||
Booking Holdings, Inc. | 4.625 | 04-13-30 | 11,682,000 | 14,346,913 | ||||||||||||
eBay, Inc. | 2.700 | 03-11-30 | 34,089,000 | 36,427,881 | ||||||||||||
Expedia Group, Inc. | 3.250 | 02-15-30 | 26,448,000 | 26,804,872 | ||||||||||||
Expedia Group, Inc. | 3.800 | 02-15-28 | 41,555,000 | 43,602,227 | ||||||||||||
Expedia Group, Inc. | 5.000 | 02-15-26 | 38,816,000 | 42,381,503 | ||||||||||||
Prosus NV (C) | 4.850 | 07-06-27 | 4,575,000 | 5,258,237 | ||||||||||||
Prosus NV (C) | 5.500 | 07-21-25 | 19,530,000 | 22,459,500 | ||||||||||||
QVC, Inc. | 4.375 | 03-15-23 | 20,103,000 | 21,057,893 | ||||||||||||
QVC, Inc. | 5.450 | 08-15-34 | 10,190,000 | 10,240,950 | ||||||||||||
Multiline retail 0.4% | ||||||||||||||||
Dollar General Corp. | 3.500 | 04-03-30 | 17,227,000 | 19,806,867 | ||||||||||||
Dollar Tree, Inc. | 4.200 | 05-15-28 | 46,197,000 | 54,788,185 | ||||||||||||
Macy’s, Inc. (C)(D) | 8.375 | 06-15-25 | 6,694,000 | 7,296,125 | ||||||||||||
Nordstrom, Inc. (C) | 8.750 | 05-15-25 | 2,499,000 | 2,786,385 | ||||||||||||
Specialty retail 0.4% | ||||||||||||||||
Asbury Automotive Group, Inc. | 4.750 | 03-01-30 | 10,331,000 | 10,873,378 | ||||||||||||
AutoNation, Inc. | 4.750 | 06-01-30 | 12,415,000 | 14,925,104 | ||||||||||||
Group 1 Automotive, Inc. (C) | 4.000 | 08-15-28 | 2,525,000 | 2,583,782 | ||||||||||||
Ken Garff Automotive LLC (C) | 4.875 | 09-15-28 | 9,390,000 | 9,530,850 | ||||||||||||
Michaels Stores, Inc. (C) | 4.750 | 10-01-27 | 4,752,000 | 4,752,000 | ||||||||||||
Specialty Building Products | ||||||||||||||||
Holdings LLC (C) | 6.375 | 09-30-26 | 1,895,000 | 1,968,905 | ||||||||||||
The TJX Companies, Inc. | 3.875 | 04-15-30 | 30,165,000 | 36,112,771 | ||||||||||||
Textiles, apparel and luxury goods 0.1% | ||||||||||||||||
Hanesbrands, Inc. (C) | 5.375 | 05-15-25 | 6,936,000 | 7,382,540 | ||||||||||||
Levi Strauss & Company | 5.000 | 05-01-25 | 11,378,000 | 11,690,895 | ||||||||||||
Consumer staples 1.4% | 301,085,813 | |||||||||||||||
Beverages 0.2% | ||||||||||||||||
Anheuser-Busch InBev Worldwide, Inc. | 4.600 | 04-15-48 | 24,569,000 | 31,287,408 | ||||||||||||
Constellation Brands, Inc. | 2.875 | 05-01-30 | 8,258,000 | 9,046,952 | ||||||||||||
Keurig Dr. Pepper, Inc. | 3.200 | 05-01-30 | 7,793,000 | 8,815,529 | ||||||||||||
Food and staples retailing 0.4% | ||||||||||||||||
Advantage Sales & Marketing, Inc. (C) | 6.500 | 11-15-28 | 23,201,000 | 23,723,023 | ||||||||||||
Albertsons Companies, Inc. (C) | 3.250 | 03-15-26 | 7,699,000 | 7,778,608 | ||||||||||||
Albertsons Companies, Inc. (C) | 3.500 | 03-15-29 | 19,349,000 | 19,300,628 | ||||||||||||
Albertsons Companies, Inc. (C) | 4.875 | 02-15-30 | 7,584,000 | 8,294,621 | ||||||||||||
Sysco Corp. | 5.950 | 04-01-30 | 8,195,000 | 10,820,365 | ||||||||||||
The Kroger Company (D) | 2.200 | 05-01-30 | 13,549,000 | 14,309,860 | ||||||||||||
Food products 0.6% | ||||||||||||||||
BRF SA (C) | 5.750 | 09-21-50 | 15,738,000 | 16,534,736 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 17 |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Consumer staples (continued) | ||||||||||||||||
Food products (continued) | ||||||||||||||||
Cargill, Inc. (C) | 2.125 | 04-23-30 | 10,774,000 | $11,462,890 | ||||||||||||
JBS Investments II GmbH (C) | 5.750 | 01-15-28 | 31,704,000 | 33,844,337 | ||||||||||||
Kraft Heinz Foods Company (C) | 3.875 | 05-15-27 | 1,601,000 | 1,732,164 | ||||||||||||
Kraft Heinz Foods Company (C) | 5.500 | 06-01-50 | 12,859,000 | 15,901,869 | ||||||||||||
Lamb Weston Holdings, Inc. (C) | 4.875 | 05-15-28 | 1,130,000 | 1,254,300 | ||||||||||||
MARB BondCo PLC (C)(D) | 6.875 | 01-19-25 | 2,350,000 | 2,444,000 | ||||||||||||
NBM US Holdings, Inc. (C)(D) | 6.625 | 08-06-29 | 9,941,000 | 11,143,960 | ||||||||||||
NBM US Holdings, Inc. (C) | 7.000 | 05-14-26 | 11,950,000 | 13,025,620 | ||||||||||||
Post Holdings, Inc. (C) | 5.500 | 12-15-29 | 10,492,000 | 11,383,820 | ||||||||||||
Simmons Foods, Inc. (C) | 5.750 | 11-01-24 | 11,940,000 | 12,208,650 | ||||||||||||
Household products 0.1% | ||||||||||||||||
Edgewell Personal Care Company (C) | 5.500 | 06-01-28 | 8,227,000 | 8,841,639 | ||||||||||||
Personal products 0.1% | ||||||||||||||||
Natura Cosmeticos SA (C) | 5.375 | 02-01-23 | 20,072,000 | 20,659,307 | ||||||||||||
Walnut Bidco PLC (C) | 9.125 | 08-01-24 | 6,925,000 | 7,271,527 | ||||||||||||
Energy 4.4% | 942,320,688 | |||||||||||||||
Energy equipment and services 0.2% | ||||||||||||||||
CSI Compressco LP (C) | 7.500 | 04-01-25 | 20,084,000 | 18,004,503 | ||||||||||||
CSI Compressco LP (C) | 7.500 | 04-01-25 | 5,179,000 | 4,642,766 | ||||||||||||
CSI Compressco LP (10.000% Cash or 7.250% Cash and 2.750% PIK) (C) | 10.000 | 04-01-26 | 16,265,562 | 11,873,860 | ||||||||||||
Inkia Energy, Ltd. (C) | 5.875 | 11-09-27 | 4,600,000 | 4,911,420 | ||||||||||||
Oil, gas and consumable fuels 4.2% | ||||||||||||||||
Aker BP ASA (C) | 2.875 | 01-15-26 | 15,032,000 | 15,054,670 | ||||||||||||
Aker BP ASA (C) | 3.000 | 01-15-25 | 13,687,000 | 13,916,719 | ||||||||||||
Aker BP ASA (C) | 4.000 | 01-15-31 | 29,493,000 | 29,768,179 | ||||||||||||
Altera Infrastructure LP (C) | 8.500 | 07-15-23 | 17,682,000 | 14,641,757 | ||||||||||||
Antero Resources Corp. (D) | 5.000 | 03-01-25 | 11,643,000 | 9,256,185 | ||||||||||||
Cheniere Energy Partners LP | 4.500 | 10-01-29 | 26,578,000 | 27,694,808 | ||||||||||||
Cimarex Energy Company | 4.375 | 06-01-24 | 14,759,000 | 15,929,532 | ||||||||||||
Colorado Interstate Gas Company LLC (C) | 4.150 | 08-15-26 | 11,535,000 | 12,981,222 | ||||||||||||
DCP Midstream Operating LP (5.850% to 5-21-23, then 3 month LIBOR + 3.850%) (C) | 5.850 | 05-21-43 | 13,527,000 | 10,821,600 | ||||||||||||
Enbridge, Inc. (5.500% to 7-15-27, then 3 month LIBOR + 3.418%) | 5.500 | 07-15-77 | 21,406,000 | 21,727,090 | ||||||||||||
Enbridge, Inc. (5.750% to 4-15-30, then 5 Year CMT + 5.314%) | 5.750 | 07-15-80 | 24,440,000 | 26,610,640 | ||||||||||||
Enbridge, Inc. (6.250% to 3-1-28, then 3 month LIBOR + 3.641%) | 6.250 | 03-01-78 | 21,497,000 | 23,006,194 | ||||||||||||
Energy Transfer Operating LP | 4.200 | 04-15-27 | 10,762,000 | 11,659,982 | ||||||||||||
Energy Transfer Operating LP | 4.250 | 03-15-23 | 27,143,000 | 28,568,405 | ||||||||||||
Energy Transfer Operating LP | 5.150 | 03-15-45 | 22,638,000 | 23,442,328 |
18 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Energy (continued) | ||||||||||||||||
Oil, gas and consumable fuels (continued) | ||||||||||||||||
Energy Transfer Operating LP | 5.875 | 01-15-24 | 20,571,000 | $22,832,825 | ||||||||||||
Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month LIBOR + 3.033%) | 5.250 | 08-16-77 | 39,154,000 | 38,600,348 | ||||||||||||
Husky Energy, Inc. | 3.950 | 04-15-22 | 17,036,000 | 17,507,333 | ||||||||||||
Kinder Morgan Energy Partners LP | 7.750 | 03-15-32 | 14,860,000 | 20,520,345 | ||||||||||||
Leviathan Bond, Ltd. (C) | 6.500 | 06-30-27 | 23,993,000 | 26,325,034 | ||||||||||||
Leviathan Bond, Ltd. (C) | 6.750 | 06-30-30 | 4,524,000 | 4,961,433 | ||||||||||||
Midwest Connector Capital Company LLC (C)(D) | 3.625 | 04-01-22 | 10,878,000 | 11,012,324 | ||||||||||||
Midwest Connector Capital Company LLC (C) | 3.900 | 04-01-24 | 24,785,000 | 25,153,660 | ||||||||||||
MPLX LP | 4.000 | 03-15-28 | 16,574,000 | 18,708,166 | ||||||||||||
MPLX LP | 4.125 | 03-01-27 | 5,490,000 | 6,191,009 | ||||||||||||
MPLX LP | 4.250 | 12-01-27 | 10,188,000 | 11,574,335 | ||||||||||||
MPLX LP | 5.250 | 01-15-25 | 11,827,000 | 12,151,846 | ||||||||||||
MPLX LP (6.875% to 2-15-23, then 3 month LIBOR + 4.652%) (D)(E) | 6.875 | 02-15-23 | 49,298,000 | 44,861,180 | ||||||||||||
ONEOK Partners LP | 4.900 | 03-15-25 | 8,883,000 | 9,824,326 | ||||||||||||
Petrobras Global Finance BV | 5.093 | 01-15-30 | 56,057,000 | 61,514,149 | ||||||||||||
Petrobras Global Finance BV | 6.900 | 03-19-49 | 13,483,000 | 16,381,845 | ||||||||||||
Sabine Pass Liquefaction LLC | 4.200 | 03-15-28 | 17,945,000 | 20,209,375 | ||||||||||||
Sabine Pass Liquefaction LLC | 5.000 | 03-15-27 | 18,349,000 | 21,238,907 | ||||||||||||
Sabine Pass Liquefaction LLC | 5.875 | 06-30-26 | 34,922,000 | 41,874,621 | ||||||||||||
Sunoco Logistics Partners Operations LP | 3.900 | 07-15-26 | 26,543,000 | 28,450,551 | ||||||||||||
Sunoco Logistics Partners Operations LP | 5.400 | 10-01-47 | 17,042,000 | 18,148,641 | ||||||||||||
Sunoco LP (C) | 4.500 | 05-15-29 | 5,408,000 | 5,590,520 | ||||||||||||
Targa Resources Partners LP | 5.875 | 04-15-26 | 28,507,000 | 30,003,618 | ||||||||||||
The Williams Companies, Inc. | 3.750 | 06-15-27 | 23,219,000 | 26,071,508 | ||||||||||||
The Williams Companies, Inc. | 4.550 | 06-24-24 | 47,015,000 | 52,814,300 | ||||||||||||
The Williams Companies, Inc. | 5.750 | 06-24-44 | 7,401,000 | 9,301,048 | ||||||||||||
TransCanada PipeLines, Ltd. | 4.250 | 05-15-28 | 13,625,000 | 15,985,581 | ||||||||||||
Financials 13.4% | 2,864,300,170 | |||||||||||||||
Banks 8.2% | ||||||||||||||||
Australia & New Zealand Banking Group, Ltd. (6.750% to 6-15-26, then 5 Year ICE Swap Rate + 5.168%) (C)(E) | 6.750 | 06-15-26 | 14,230,000 | 16,437,215 | ||||||||||||
Banco Santander SA | 4.379 | 04-12-28 | 18,506,000 | 21,474,950 | ||||||||||||
Bank of America Corp. (2.592% to 4-29-30, then SOFR + 2.150%) | 2.592 | 04-29-31 | 31,823,000 | 33,888,646 | ||||||||||||
Bank of America Corp. (2.831% to 10-24-50, then SOFR + 1.880%) | 2.831 | 10-24-51 | 20,707,000 | 21,726,753 | ||||||||||||
Bank of America Corp. | 3.248 | 10-21-27 | 34,717,000 | 38,595,778 | ||||||||||||
Bank of America Corp. | 3.950 | 04-21-25 | 32,757,000 | 36,735,200 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 19 |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Financials (continued) | ||||||||||||||||
Banks (continued) | ||||||||||||||||
Bank of America Corp. | 4.200 | 08-26-24 | 15,662,000 | $17,522,785 | ||||||||||||
Bank of America Corp. | 4.450 | 03-03-26 | 37,898,000 | 44,229,008 | ||||||||||||
Bank of America Corp. (6.300% to 3-10-26, then 3 month LIBOR + 4.553%) (E) | 6.300 | 03-10-26 | 39,274,000 | 45,122,274 | ||||||||||||
Barclays PLC | 4.375 | 01-12-26 | 16,693,000 | 19,054,690 | ||||||||||||
BPCE SA (C) | 4.500 | 03-15-25 | 20,908,000 | 23,559,880 | ||||||||||||
BPCE SA (C) | 5.700 | 10-22-23 | 23,945,000 | 27,003,102 | ||||||||||||
Citigroup, Inc. | 3.200 | 10-21-26 | 37,609,000 | 41,721,767 | ||||||||||||
Citigroup, Inc. | 4.600 | 03-09-26 | 41,216,000 | 48,229,507 | ||||||||||||
Citigroup, Inc. (4.699% to 2-15-21, then 3 month LIBOR + 4.478%) (E) | 4.699 | 02-15-21 | 10,923,000 | 10,940,477 | ||||||||||||
Citigroup, Inc. (4.700% to 1-30-25, then SOFR + 3.234%) (E) | 4.700 | 01-30-25 | 32,692,000 | 33,396,513 | ||||||||||||
Citigroup, Inc. | 5.500 | 09-13-25 | 11,526,000 | 13,873,362 | ||||||||||||
Citigroup, Inc. (6.250% to 8-15-26, then 3 month LIBOR + 4.517%) (E) | 6.250 | 08-15-26 | 26,512,000 | 30,411,385 | ||||||||||||
Citizens Financial Group, Inc. | 3.250 | 04-30-30 | 33,618,000 | 37,695,995 | ||||||||||||
Credit Agricole SA (C) | 3.250 | 01-14-30 | 34,359,000 | 37,471,458 | ||||||||||||
Credit Agricole SA (7.875% to 1- 23- 24, then 5 Year U.S. Swap Rate + 4.898%) (C)(E) | 7.875 | 01-23-24 | 18,705,000 | 21,183,413 | ||||||||||||
Discover Bank | 2.450 | 09-12-24 | 24,852,000 | 26,264,480 | ||||||||||||
Fifth Third Bancorp (5.100% to 6- 30- 23, then 3 month LIBOR + 3.033%) (E) | 5.100 | 06-30-23 | 18,634,000 | 18,557,601 | ||||||||||||
Freedom Mortgage Corp. (C) | 8.125 | 11-15-24 | 16,897,000 | 17,403,910 | ||||||||||||
Freedom Mortgage Corp. (C) | 8.250 | 04-15-25 | 5,630,000 | 5,784,825 | ||||||||||||
HSBC Holdings PLC (3.950% to 5- 18- 23, then 3 month LIBOR + 0.987%) | 3.950 | 05-18-24 | 39,450,000 | 42,487,285 | ||||||||||||
HSBC Holdings PLC (6.375% to 3- 30- 25, then 5 Year ICE Swap Rate + 4.368%) (E) | 6.375 | 03-30-25 | 7,004,000 | 7,625,605 | ||||||||||||
HSBC Holdings PLC (6.875% to 6- 1- 21, then 5 Year ICE Swap Rate + 5.514%) (E) | 6.875 | 06-01-21 | 22,840,000 | 23,239,700 | ||||||||||||
ING Bank NV (C) | 5.800 | 09-25-23 | 1,952,000 | 2,208,629 | �� | |||||||||||
ING Groep NV (6.500% to 4-16-25, then 5 Year U.S. Swap Rate + 4.446%) (E) | 6.500 | 04-16-25 | 7,245,000 | 7,864,448 | ||||||||||||
JPMorgan Chase & Co. (2.522% to 4-22-30, then SOFR + 2.040%) | 2.522 | 04-22-31 | 34,237,000 | 36,599,689 | ||||||||||||
JPMorgan Chase & Co. | 2.950 | 10-01-26 | 39,519,000 | 43,608,486 | ||||||||||||
JPMorgan Chase & Co. (2.956% to 5-13-30, then SOFR + 2.515%) | 2.956 | 05-13-31 | 31,108,000 | 33,843,893 | ||||||||||||
JPMorgan Chase & Co. (3.960% to 1-29-26, then 3 month LIBOR + 1.245%) | 3.960 | 01-29-27 | 31,095,000 | 35,558,126 |
20 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Financials (continued) | ||||||||||||||||
Banks (continued) | ||||||||||||||||
JPMorgan Chase & Co. (4.600% to 2-1-25, then SOFR + 3.125%) (E) | 4.600 | 02-01-25 | 29,100,000 | $29,718,375 | ||||||||||||
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) (E) | 6.750 | 02-01-24 | 33,858,000 | 37,814,538 | ||||||||||||
Lloyds Banking Group PLC | 4.450 | 05-08-25 | 50,987,000 | 58,309,520 | ||||||||||||
Lloyds Banking Group PLC (7.500% to 6-27-24, then 5 Year U.S. Swap Rate + 4.760%) (E) | 7.500 | 06-27-24 | 20,539,000 | 22,644,248 | ||||||||||||
M&T Bank Corp. (5.125% to 11- 1- 26, then 3 month LIBOR + 3.520%) (D)(E) | 5.125 | 11-01-26 | 17,395,000 | 18,656,138 | ||||||||||||
Natwest Group PLC (3.754% to 11- 1- 24, then 5 Year CMT + 2.100%) | 3.754 | 11-01-29 | 9,730,000 | 10,302,453 | ||||||||||||
Natwest Group PLC | 3.875 | 09-12-23 | 28,349,000 | 30,714,885 | ||||||||||||
Natwest Group PLC (6.000% to 12-29-25, then 5 Year CMT + 5.625%) (D)(E) | 6.000 | 12-29-25 | 27,442,000 | 30,021,548 | ||||||||||||
Natwest Group PLC (8.625% to 8- 15- 21, then 5 Year U.S. Swap Rate + 7.598%) (E) | 8.625 | 08-15-21 | 38,733,000 | 40,296,264 | ||||||||||||
Regions Financial Corp. | 2.250 | 05-18-25 | 58,361,000 | 61,752,671 | ||||||||||||
Santander Holdings USA, Inc. | 3.244 | 10-05-26 | 49,273,000 | 53,375,343 | ||||||||||||
Santander Holdings USA, Inc. | 3.400 | 01-18-23 | 20,887,000 | 21,952,044 | ||||||||||||
Santander Holdings USA, Inc. | 3.450 | 06-02-25 | 41,194,000 | 44,605,359 | ||||||||||||
Santander Holdings USA, Inc. | 3.500 | 06-07-24 | 42,781,000 | 46,188,391 | ||||||||||||
Santander Holdings USA, Inc. | 4.400 | 07-13-27 | 11,817,000 | 13,390,922 | ||||||||||||
Santander UK Group Holdings PLC (C) | 4.750 | 09-15-25 | 18,879,000 | 21,272,382 | ||||||||||||
Societe Generale SA (5.375% to 11-18-30, then 5 Year CMT + 4.514%) (C)(E) | 5.375 | 11-18-30 | 20,044,000 | 20,783,624 | ||||||||||||
Societe Generale SA (7.375% to 9- 13- 21, then 5 Year U.S. Swap Rate + 6.238%) (C)(E) | 7.375 | 09-13-21 | 17,406,000 | 17,980,398 | ||||||||||||
The PNC Financial Services Group, Inc. | 3.150 | 05-19-27 | 5,223,000 | 5,873,556 | ||||||||||||
The PNC Financial Services Group, Inc. (4.850% to 6-1-23, then 3 month LIBOR + 3.040%) (E) | 4.850 | 06-01-23 | 18,664,000 | 19,270,580 | ||||||||||||
The PNC Financial Services Group, Inc. (6.750% to 8-1-21, then 3 month LIBOR + 3.678%) (E) | 6.750 | 08-01-21 | 29,683,000 | 30,594,268 | ||||||||||||
Wells Fargo & Company (2.188% to 4-30-25, then SOFR + 2.000%) | 2.188 | 04-30-26 | 40,042,000 | 41,913,726 | ||||||||||||
Wells Fargo & Company (2.393% to 6-2-27, then SOFR + 2.100%) | 2.393 | 06-02-28 | 51,999,000 | 54,989,616 | ||||||||||||
Wells Fargo & Company (3.068% to 4-30-40, then SOFR + 2.530%) | 3.068 | 04-30-41 | 24,785,000 | 26,967,882 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 21 |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Financials (continued) | ||||||||||||||||
Banks (continued) | ||||||||||||||||
Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) (E) | 5.875 | 06-15-25 | 58,942,000 | $64,540,901 | ||||||||||||
Capital markets 1.9% | ||||||||||||||||
Ares Capital Corp. | 3.875 | 01-15-26 | 23,776,000 | 24,980,415 | ||||||||||||
Ares Capital Corp. | 4.200 | 06-10-24 | 20,159,000 | 21,443,473 | ||||||||||||
Cantor Fitzgerald LP (C) | 4.875 | 05-01-24 | 29,539,000 | 32,744,004 | ||||||||||||
Credit Suisse Group AG (C) | 3.574 | 01-09-23 | 8,054,000 | 8,312,296 | ||||||||||||
Credit Suisse Group AG (5.250% to 2-11-27, then 5 Year CMT + 4.889%) (C)(E) | 5.250 | 02-11-27 | 15,347,000 | 16,275,494 | ||||||||||||
Credit Suisse Group AG (7.500% to 7-17-23, then 5 Year U.S. Swap Rate + 4.600%) (C)(E) | 7.500 | 07-17-23 | 20,136,000 | 21,922,063 | ||||||||||||
Credit Suisse Group AG (7.500% to 12-11-23, then 5 Year U.S. Swap Rate + 4.598%) (C)(E) | 7.500 | 12-11-23 | 10,408,000 | 11,579,462 | ||||||||||||
Lazard Group LLC | 4.375 | 03-11-29 | 14,255,000 | 16,580,897 | ||||||||||||
Macquarie Bank, Ltd. (C) | 3.624 | 06-03-30 | 17,809,000 | 19,301,957 | ||||||||||||
Macquarie Bank, Ltd. (C) | 4.875 | 06-10-25 | 21,805,000 | 24,598,763 | ||||||||||||
Morgan Stanley (2.188% to 4-28-25, then SOFR + 1.990%) | 2.188 | 04-28-26 | 59,936,000 | 63,215,079 | ||||||||||||
Morgan Stanley | 3.875 | 01-27-26 | 21,560,000 | 24,649,319 | ||||||||||||
Raymond James Financial, Inc. | 4.650 | 04-01-30 | 8,546,000 | 10,504,001 | ||||||||||||
Stifel Financial Corp. | 4.250 | 07-18-24 | 17,489,000 | 19,663,788 | ||||||||||||
The Goldman Sachs Group, Inc. | 3.850 | 01-26-27 | 52,610,000 | 60,115,937 | ||||||||||||
UBS Group AG (6.875% to 3-22-21, then 5 Year U.S. Swap Rate + 5.497%) (E) | 6.875 | 03-22-21 | 19,719,000 | 20,012,419 | ||||||||||||
UBS Group AG (7.000% to 1-31-24, then 5 Year U.S. Swap Rate + 4.344%) (C)(E) | 7.000 | 01-31-24 | 16,988,000 | 18,623,095 | ||||||||||||
Consumer finance 0.8% | ||||||||||||||||
Ally Financial, Inc. | 5.125 | 09-30-24 | 34,832,000 | 39,948,416 | ||||||||||||
Ally Financial, Inc. | 5.800 | 05-01-25 | 16,524,000 | 19,600,932 | ||||||||||||
Capital One Financial Corp. | 3.900 | 01-29-24 | 16,297,000 | 17,866,208 | ||||||||||||
Credito Real SAB de CV (9.125% to 11-29-22, then 5 Year CMT + 7.026%) (C)(E) | 9.125 | 11-29-22 | 9,375,000 | 8,343,750 | ||||||||||||
Discover Financial Services | 3.950 | 11-06-24 | 35,391,000 | 39,221,195 | ||||||||||||
Discover Financial Services | 4.100 | 02-09-27 | 8,552,000 | 9,743,782 | ||||||||||||
Enova International, Inc. (C) | 8.500 | 09-01-24 | 3,051,000 | 2,883,836 | ||||||||||||
Enova International, Inc. (C) | 8.500 | 09-15-25 | 15,665,000 | 14,842,588 | ||||||||||||
OneMain Finance Corp. | 6.875 | 03-15-25 | 5,750,000 | 6,583,750 | ||||||||||||
OneMain Finance Corp. | 8.875 | 06-01-25 | 7,187,000 | 8,031,473 | ||||||||||||
Diversified financial services 0.9% | ||||||||||||||||
Brightstar Escrow Corp. (C) | 9.750 | 10-15-25 | 7,887,000 | 8,156,104 |
22 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Financials (continued) | ||||||||||||||||
Diversified financial services (continued) | ||||||||||||||||
GE Capital International Funding | ||||||||||||||||
Company Unlimited Company | 4.418 | 11-15-35 | 36,983,000 | $42,655,046 | ||||||||||||
Gogo Intermediate Holdings LLC (C) | 9.875 | 05-01-24 | 11,396,000 | 12,122,495 | ||||||||||||
Jefferies Financial Group, Inc. | 5.500 | 10-18-23 | 15,718,000 | 17,333,119 | ||||||||||||
Jefferies Group LLC | 4.150 | 01-23-30 | 24,170,000 | 28,338,309 | ||||||||||||
Jefferies Group LLC | 4.850 | 01-15-27 | 30,455,000 | 35,506,819 | ||||||||||||
Operadora de Servicios Mega SA de CV(C) | 8.250 | 02-11-25 | 10,104,000 | 10,179,780 | ||||||||||||
Refinitiv US Holdings, Inc. (C) | 6.250 | 05-15-26 | 2,370,000 | 2,529,975 | ||||||||||||
Refinitiv US Holdings, Inc. (C) | 8.250 | 11-15-26 | 3,750,000 | 4,087,500 | ||||||||||||
Trident TPI Holdings, Inc. (C) | 6.625 | 11-01-25 | 4,032,000 | 4,032,000 | ||||||||||||
Voya Financial, Inc. (5.650% to 5- 15- 23, then 3 month LIBOR + 3.580%) | 5.650 | 05-15-53 | 33,373,000 | 35,468,824 | ||||||||||||
Insurance 1.3% | ||||||||||||||||
AXA SA | 8.600 | 12-15-30 | 11,242,000 | 17,388,305 | ||||||||||||
Brighthouse Financial, Inc. | 3.700 | 06-22-27 | 22,800,000 | 24,794,353 | ||||||||||||
CNA Financial Corp. (D) | 2.050 | 08-15-30 | 11,031,000 | 11,298,011 | ||||||||||||
CNO Financial Group, Inc. | 5.250 | 05-30-25 | 11,065,000 | 12,685,846 | ||||||||||||
CNO Financial Group, Inc. | 5.250 | 05-30-29 | 26,014,000 | 31,188,659 | ||||||||||||
Liberty Mutual Group, Inc. (C) | 3.951 | 10-15-50 | 21,462,000 | 25,821,424 | ||||||||||||
MetLife, Inc. (6.400% to 12-15-36, then 3 month LIBOR + 2.205%) | 6.400 | 12-15-36 | 21,813,000 | 27,792,976 | ||||||||||||
MetLife, Inc. (9.250% to 4-8-38, then 3 month LIBOR + 5.540%) (C) | 9.250 | 04-08-38 | 6,634,000 | 10,107,652 | ||||||||||||
New York Life Insurance Company (C) | 3.750 | 05-15-50 | 13,513,000 | 15,973,084 | ||||||||||||
Nippon Life Insurance Company (5. 100% to 10-16-24, then 5 Year ICE Swap Rate + 3.650%) (C) | 5.100 | 10-16-44 | 20,670,000 | 23,098,725 | ||||||||||||
Prudential Financial, Inc. (5.875% to 9-15-22, then 3 month LIBOR + 4.175%) | 5.875 | 09-15-42 | 48,524,000 | 51,935,831 | ||||||||||||
Teachers Insurance & Annuity Association of America (C) | 4.270 | 05-15-47 | 24,909,000 | 30,714,901 | ||||||||||||
Thrifts and mortgage finance 0.3% | ||||||||||||||||
Ladder Capital Finance Holdings LLLP (C) | 5.250 | 03-15-22 | 3,415,000 | 3,406,463 | ||||||||||||
Nationstar Mortgage Holdings, Inc. (C) | 5.500 | 08-15-28 | 10,311,000 | 10,736,329 | ||||||||||||
Nationstar Mortgage Holdings, Inc. (C) | 6.000 | 01-15-27 | 5,041,000 | 5,226,811 | ||||||||||||
Nationstar Mortgage Holdings, Inc. (C) | 9.125 | 07-15-26 | 7,037,000 | 7,555,979 | ||||||||||||
Nationwide Building Society (3.622% to 4-26-22, then 3 month LIBOR + 1.181%) (C) | 3.622 | 04-26-23 | 18,230,000 | 18,951,911 | ||||||||||||
Radian Group, Inc. | 4.500 | 10-01-24 | 8,052,000 | 8,374,080 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 23 |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Health care 3.5% | $759,486,752 | |||||||||||||||
Biotechnology 0.7% | ||||||||||||||||
AbbVie, Inc. | 3.200 | 11-21-29 | 50,509,000 | 57,268,124 | ||||||||||||
AbbVie, Inc. | 4.250 | 11-21-49 | 16,102,000 | 20,350,320 | ||||||||||||
Gilead Sciences, Inc. | 2.800 | 10-01-50 | 27,607,000 | 27,731,558 | ||||||||||||
Shire Acquisitions Investments Ireland DAC | 3.200 | 09-23-26 | 37,258,000 | 41,613,396 | ||||||||||||
Health care equipment and supplies 0.0% | ||||||||||||||||
Varex Imaging Corp. (C) | 7.875 | 10-15-27 | 7,469,000 | 7,658,563 | ||||||||||||
Health care providers and services 2.3% | ||||||||||||||||
AmerisourceBergen Corp. | 2.800 | 05-15-30 | 25,080,000 | 27,195,368 | ||||||||||||
Anthem, Inc. | 2.250 | 05-15-30 | 9,636,000 | 10,087,944 | ||||||||||||
Centene Corp. | 3.000 | 10-15-30 | 21,643,000 | 22,782,504 | ||||||||||||
Centene Corp. | 3.375 | 02-15-30 | 8,535,000 | 8,945,704 | ||||||||||||
Centene Corp. | 4.250 | 12-15-27 | 6,580,000 | 7,003,522 | ||||||||||||
Centene Corp. | 4.625 | 12-15-29 | 6,865,000 | 7,526,786 | ||||||||||||
Centene Corp. (C) | 5.375 | 06-01-26 | 17,583,000 | 18,484,129 | ||||||||||||
CVS Health Corp. | 2.700 | 08-21-40 | 17,949,000 | 18,141,603 | ||||||||||||
CVS Health Corp. | 3.000 | 08-15-26 | 5,073,000 | 5,587,051 | ||||||||||||
CVS Health Corp. | 3.750 | 04-01-30 | 21,999,000 | 25,439,410 | ||||||||||||
CVS Health Corp. | 4.300 | 03-25-28 | 28,698,000 | 33,750,890 | ||||||||||||
CVS Health Corp. | 5.050 | 03-25-48 | 29,806,000 | 40,269,586 | ||||||||||||
DaVita, Inc. (C) | 3.750 | 02-15-31 | 20,287,000 | 20,210,924 | ||||||||||||
DaVita, Inc. (C) | 4.625 | 06-01-30 | 19,932,000 | 20,953,515 | ||||||||||||
Encompass Health Corp. | 4.500 | 02-01-28 | 8,919,000 | 9,333,198 | ||||||||||||
Encompass Health Corp. | 4.625 | 04-01-31 | 8,128,000 | 8,668,106 | ||||||||||||
Fresenius Medical Care US Finance III, Inc. (C) | 2.375 | 02-16-31 | 34,722,000 | 35,116,003 | ||||||||||||
HCA, Inc. | 4.125 | 06-15-29 | 13,528,000 | 15,623,703 | ||||||||||||
HCA, Inc. | 5.250 | 04-15-25 | 21,962,000 | 25,620,696 | ||||||||||||
HCA, Inc. | 5.250 | 06-15-26 | 18,315,000 | 21,611,229 | ||||||||||||
MEDNAX, Inc. (C) | 5.250 | 12-01-23 | 11,399,000 | 11,512,762 | ||||||||||||
MEDNAX, Inc. (C) | 6.250 | 01-15-27 | 12,854,000 | 13,769,333 | ||||||||||||
Rede D’or Finance Sarl (C) | 4.500 | 01-22-30 | 21,319,000 | 22,018,263 | ||||||||||||
Select Medical Corp. (C) | 6.250 | 08-15-26 | 15,644,000 | 16,699,970 | ||||||||||||
Team Health Holdings, Inc. (C)(D) | 6.375 | 02-01-25 | 3,197,000 | 2,463,608 | ||||||||||||
Universal Health Services, Inc. (C) | 2.650 | 10-15-30 | 13,849,000 | 14,266,894 | ||||||||||||
Universal Health Services, Inc. (C) | 5.000 | 06-01-26 | 28,525,000 | 29,594,688 | ||||||||||||
Life sciences tools and services 0.0% | ||||||||||||||||
Charles River Laboratories International, Inc. (C) | 4.250 | 05-01-28 | 3,981,000 | 4,194,979 | ||||||||||||
Pharmaceuticals 0.5% | ||||||||||||||||
Bausch Health Companies, Inc. (C) | 5.250 | 01-30-30 | 9,478,000 | 9,689,454 | ||||||||||||
Bausch Health Companies, Inc. (C) | 6.125 | 04-15-25 | 22,322,000 | 22,966,883 | ||||||||||||
Bausch Health Companies, Inc. (C) | 6.250 | 02-15-29 | 21,212,000 | 22,484,720 |
24 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Health care (continued) | ||||||||||||||||
Pharmaceuticals (continued) | ||||||||||||||||
Catalent Pharma Solutions, Inc. (C) | 5.000 | 07-15-27 | 3,705,000 | $3,899,513 | ||||||||||||
Royalty Pharma PLC (C) | 1.750 | 09-02-27 | 11,002,000 | 11,223,976 | ||||||||||||
Viatris, Inc. (C) | 2.300 | 06-22-27 | 11,686,000 | 12,307,171 | ||||||||||||
Viatris, Inc. (C) | 2.700 | 06-22-30 | 23,971,000 | 25,420,706 | ||||||||||||
Industrials 6.2% | 1,323,771,340 | |||||||||||||||
Aerospace and defense 1.1% | ||||||||||||||||
BAE Systems PLC (C) | 1.900 | 02-15-31 | 28,219,000 | 28,409,805 | ||||||||||||
Howmet Aerospace, Inc. | 5.125 | 10-01-24 | 19,813,000 | 21,544,656 | ||||||||||||
Huntington Ingalls Industries, Inc. (C) | 3.844 | 05-01-25 | 5,943,000 | 6,613,919 | ||||||||||||
Huntington Ingalls Industries, Inc. (C) | 4.200 | 05-01-30 | 24,364,000 | 28,888,425 | ||||||||||||
Kratos Defense & Security Solutions, Inc. (C) | 6.500 | 11-30-25 | 12,059,000 | 12,634,214 | ||||||||||||
The Boeing Company | 3.200 | 03-01-29 | 43,636,000 | 44,679,624 | ||||||||||||
The Boeing Company | 5.040 | 05-01-27 | 30,211,000 | 34,603,787 | ||||||||||||
The Boeing Company | 5.805 | 05-01-50 | 17,216,000 | 22,743,785 | ||||||||||||
TransDigm, Inc. | 5.500 | 11-15-27 | 36,019,000 | 37,171,608 | ||||||||||||
Air freight and logistics 0.1% | ||||||||||||||||
XPO Logistics, Inc. (C) | 6.250 | 05-01-25 | 2,025,000 | 2,169,281 | ||||||||||||
XPO Logistics, Inc. (C) | 6.500 | 06-15-22 | 11,263,000 | 11,273,700 | ||||||||||||
Airlines 1.9% | ||||||||||||||||
Air Canada 2013-1 Class A Pass Through Trust (C) | 4.125 | 05-15-25 | 9,995,426 | 9,405,695 | ||||||||||||
Air Canada 2017-1 Class B Pass Through Trust (C) | 3.700 | 01-15-26 | 12,123,809 | 10,334,290 | ||||||||||||
American Airlines 2001-1 Pass Through Trust | 6.977 | 05-23-21 | 823,110 | 790,223 | ||||||||||||
American Airlines 2015-1 Class A Pass Through Trust | 3.375 | 05-01-27 | 18,901,898 | 16,299,107 | ||||||||||||
American Airlines 2015-1 Class B Pass Through Trust | 3.700 | 05-01-23 | 5,771,575 | 3,958,620 | ||||||||||||
American Airlines 2016-1 Class A Pass Through Trust | 4.100 | 01-15-28 | 23,155,076 | 19,022,622 | ||||||||||||
American Airlines 2017-1 Class A Pass Through Trust | 4.000 | 02-15-29 | 7,388,306 | 5,962,713 | ||||||||||||
American Airlines 2017-1 Class AA Pass Through Trust | 3.650 | 02-15-29 | 17,109,544 | 16,681,805 | ||||||||||||
American Airlines 2017-2 Class A Pass Through Trust | 3.600 | 10-15-29 | 8,521,556 | 6,959,823 | ||||||||||||
American Airlines 2019-1 Class A Pass Through Trust | 3.500 | 02-15-32 | 10,022,965 | 8,396,271 | ||||||||||||
American Airlines 2019-1 Class AA Pass Through Trust | 3.150 | 02-15-32 | 16,832,674 | 15,738,550 | ||||||||||||
British Airways 2013-1 Class A Pass Through Trust (C) | 4.625 | 06-20-24 | 12,434,909 | 12,075,505 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 25 |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Industrials (continued) | ||||||||||||||||
Airlines (continued) | ||||||||||||||||
British Airways 2018-1 Class A Pass Through Trust (C) | 4.125 | 09-20-31 | 8,455,551 | $7,352,969 | ||||||||||||
British Airways 2020-1 Class A Pass Through Trust (C) | 4.250 | 11-15-32 | 12,887,000 | 13,525,293 | ||||||||||||
British Airways 2020-1 Class B Pass Through Trust (C) | 8.375 | 11-15-28 | 10,773,000 | 11,634,840 | ||||||||||||
Continental Airlines 2007-1 Class A Pass Through Trust | 5.983 | 04-19-22 | 6,385,616 | 6,274,113 | ||||||||||||
Delta Air Lines 2002-1 Class G-1 Pass Through Trust | 6.718 | 01-02-23 | 4,482,111 | 4,467,488 | ||||||||||||
Delta Air Lines, Inc. | 2.900 | 10-28-24 | 33,754,000 | 32,249,898 | ||||||||||||
Delta Air Lines, Inc. | 3.800 | 04-19-23 | 20,679,000 | 20,939,961 | ||||||||||||
Delta Air Lines, Inc. | 4.375 | 04-19-28 | 25,890,000 | 25,362,076 | ||||||||||||
Delta Air Lines, Inc. (C) | 4.500 | 10-20-25 | 5,725,000 | 6,043,720 | ||||||||||||
JetBlue 2019-1 Class AA Pass Through Trust (D) | 2.750 | 05-15-32 | 17,979,371 | 17,917,572 | ||||||||||||
United Airlines 2014-2 Class A Pass Through Trust | 3.750 | 09-03-26 | 21,569,603 | 21,036,027 | ||||||||||||
United Airlines 2014-2 Class B Pass Through Trust | 4.625 | 09-03-22 | 8,465,164 | 8,496,909 | ||||||||||||
United Airlines 2016-1 Class A Pass Through Trust | 3.450 | 07-07-28 | 18,466,158 | 16,294,163 | ||||||||||||
United Airlines 2016-1 Class B Pass Through Trust | 3.650 | 01-07-26 | 23,969,329 | 20,536,930 | ||||||||||||
United Airlines 2018-1 Class B Pass Through Trust | 4.600 | 03-01-26 | 6,353,116 | 5,605,876 | ||||||||||||
United Airlines 2019-1 Class A Pass Through Trust | 4.550 | 08-25-31 | 14,880,249 | 13,479,085 | ||||||||||||
United Airlines 2020-1 Class A Pass Through Trust | 5.875 | 10-15-27 | 40,534,000 | 42,982,254 | ||||||||||||
US Airways 2010-1 Class A Pass Through Trust | 6.250 | 04-22-23 | 3,598,130 | 3,313,992 | ||||||||||||
US Airways 2012-1 Class A Pass Through Trust | 5.900 | 10-01-24 | 5,631,983 | 5,248,767 | ||||||||||||
Building products 0.4% | ||||||||||||||||
Builders FirstSource, Inc. (C) | 5.000 | 03-01-30 | 2,354,000 | 2,536,435 | ||||||||||||
Builders FirstSource, Inc. (C) | 6.750 | 06-01-27 | 3,811,000 | 4,120,644 | ||||||||||||
Carrier Global Corp. (C) | 2.242 | 02-15-25 | 30,952,000 | 32,498,030 | ||||||||||||
Carrier Global Corp. (C) | 2.493 | 02-15-27 | 11,038,000 | 11,773,817 | ||||||||||||
Johnson Controls International PLC | 1.750 | 09-15-30 | 15,534,000 | 15,907,151 | ||||||||||||
Owens Corning | 3.950 | 08-15-29 | 20,149,000 | 23,037,256 | ||||||||||||
Commercial services and supplies 0.4% | ||||||||||||||||
APX Group, Inc. (D) | 7.625 | 09-01-23 | 19,647,000 | 20,383,763 | ||||||||||||
Cimpress PLC (C) | 7.000 | 06-15-26 | 21,585,000 | 22,178,588 | ||||||||||||
Clean Harbors, Inc. (C) | 4.875 | 07-15-27 | 2,960,000 | 3,134,403 | ||||||||||||
Graphic Packaging International LLC (C) | 3.500 | 03-01-29 | 14,956,000 | 15,315,692 |
26 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Industrials (continued) | ||||||||||||||||
Commercial services and supplies (continued) | ||||||||||||||||
Harsco Corp. (C) | 5.750 | 07-31-27 | 5,035,000 | $5,324,613 | ||||||||||||
LSC Communications, Inc. (C)(F) | 8.750 | 10-15-23 | 19,591,000 | 3,085,583 | ||||||||||||
Prime Security Services Borrower LLC (C) | 3.375 | 08-31-27 | 3,310,000 | 3,268,625 | ||||||||||||
Prime Security Services Borrower LLC (C) | 6.250 | 01-15-28 | 11,195,000 | 11,767,960 | ||||||||||||
Stericycle, Inc. (C) | 3.875 | 01-15-29 | 4,547,000 | 4,728,880 | ||||||||||||
Williams Scotsman International, Inc. (C) | 4.625 | 08-15-28 | 3,903,000 | 4,059,120 | ||||||||||||
Construction and engineering 0.2% | ||||||||||||||||
AECOM | 5.125 | 03-15-27 | 22,916,000 | 25,608,630 | ||||||||||||
MasTec, Inc. (C) | 4.500 | 08-15-28 | 10,219,000 | 10,674,563 | ||||||||||||
Picasso Finance Sub, Inc. (C) | 6.125 | 06-15-25 | 1,866,000 | 1,997,198 | ||||||||||||
Tutor Perini Corp. (C)(D) | 6.875 | 05-01-25 | 3,258,000 | 3,266,503 | ||||||||||||
Industrial conglomerates 0.4% | ||||||||||||||||
General Electric Company | 4.250 | 05-01-40 | 30,159,000 | 34,267,320 | ||||||||||||
General Electric Company | 5.550 | 01-05-26 | 38,818,000 | 46,404,358 | ||||||||||||
Machinery 0.2% | ||||||||||||||||
Clark Equipment Company (C) | 5.875 | 06-01-25 | 2,794,000 | 2,944,178 | ||||||||||||
Flowserve Corp. | 3.500 | 10-01-30 | 12,857,000 | 13,451,797 | ||||||||||||
Hillenbrand, Inc. | 5.750 | 06-15-25 | 5,132,000 | 5,491,240 | ||||||||||||
JB Poindexter & Company, Inc. (C) | 7.125 | 04-15-26 | 7,377,000 | 7,828,841 | ||||||||||||
Vertical US Newco, Inc. (C) | 5.250 | 07-15-27 | 6,702,000 | 7,037,100 | ||||||||||||
Professional services 0.4% | ||||||||||||||||
CoStar Group, Inc. (C) | 2.800 | 07-15-30 | 30,088,000 | 31,525,164 | ||||||||||||
IHS Markit, Ltd. (C) | 4.000 | 03-01-26 | 18,813,000 | 21,515,864 | ||||||||||||
IHS Markit, Ltd. (C) | 4.750 | 02-15-25 | 10,406,000 | 11,951,499 | ||||||||||||
IHS Markit, Ltd. | 4.750 | 08-01-28 | 14,577,000 | 17,611,348 | ||||||||||||
Road and rail 0.2% | ||||||||||||||||
Uber Technologies, Inc. (C) | 7.500 | 05-15-25 | 16,479,000 | 17,591,333 | ||||||||||||
Uber Technologies, Inc. (C) | 7.500 | 09-15-27 | 28,276,000 | 30,856,185 | ||||||||||||
Trading companies and distributors 0.9% | ||||||||||||||||
AerCap Ireland Capital DAC | 2.875 | 08-14-24 | 26,769,000 | 27,391,795 | ||||||||||||
Ahern Rentals, Inc. (C) | 7.375 | 05-15-23 | 14,914,000 | 10,327,945 | ||||||||||||
Air Lease Corp. | 2.875 | 01-15-26 | 12,722,000 | 13,170,915 | ||||||||||||
Air Lease Corp. | 3.625 | 12-01-27 | 10,511,000 | 11,082,185 | ||||||||||||
Aircastle, Ltd. | 5.500 | 02-15-22 | 13,596,000 | 14,020,925 | ||||||||||||
Ashtead Capital, Inc. (C) | 4.250 | 11-01-29 | 9,234,000 | 10,018,890 | ||||||||||||
Ashtead Capital, Inc. (C) | 4.375 | 08-15-27 | 15,640,000 | 16,462,820 | ||||||||||||
Avolon Holdings Funding, Ltd. (C) | 5.125 | 10-01-23 | 15,195,000 | 15,983,945 | ||||||||||||
H&E Equipment Services, Inc. (C) | 3.875 | 12-15-28 | 18,668,000 | 18,668,000 | ||||||||||||
H&E Equipment Services, Inc. | 5.625 | 09-01-25 | 7,015,000 | 7,332,780 | ||||||||||||
United Rentals North America, Inc. (D) | 3.875 | 11-15-27 | 13,298,000 | 13,935,373 | ||||||||||||
United Rentals North America, Inc. | 3.875 | 02-15-31 | 8,759,000 | 9,153,155 | ||||||||||||
United Rentals North America, Inc. | 4.875 | 01-15-28 | 22,444,000 | 23,958,970 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 27 |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Information technology 5.9% | $1,257,399,082 | |||||||||||||||
Communications equipment 0.5% | ||||||||||||||||
Motorola Solutions, Inc. | 2.300 | 11-15-30 | 27,940,000 | 28,364,782 | ||||||||||||
Motorola Solutions, Inc. | 4.600 | 02-23-28 | 37,982,000 | 44,974,088 | ||||||||||||
Motorola Solutions, Inc. | 4.600 | 05-23-29 | 6,509,000 | 7,743,147 | ||||||||||||
Telefonaktiebolaget LM Ericsson | 4.125 | 05-15-22 | 30,059,000 | 31,223,786 | ||||||||||||
IT services 0.5% | ||||||||||||||||
Gartner, Inc. (C) | 3.750 | 10-01-30 | 3,903,000 | 4,060,369 | ||||||||||||
Gartner, Inc. (C) | 4.500 | 07-01-28 | 4,885,000 | 5,129,250 | ||||||||||||
PayPal Holdings, Inc. | 2.850 | 10-01-29 | 38,042,000 | 42,294,763 | ||||||||||||
Sabre GLBL, Inc. (C) | 7.375 | 09-01-25 | 6,228,000 | 6,710,670 | ||||||||||||
Tempo Acquisition LLC (C) | 6.750 | 06-01-25 | 6,270,000 | 6,426,750 | ||||||||||||
VeriSign, Inc. | 4.750 | 07-15-27 | 8,904,000 | 9,529,506 | ||||||||||||
VeriSign, Inc. | 5.250 | 04-01-25 | 10,167,000 | 11,539,545 | ||||||||||||
Visa, Inc. | 2.700 | 04-15-40 | 12,354,000 | 13,690,082 | ||||||||||||
Semiconductors and semiconductor equipment 3.1% | ||||||||||||||||
Applied Materials, Inc. | 2.750 | 06-01-50 | 14,855,000 | 16,208,719 | ||||||||||||
Broadcom Corp. | 3.125 | 01-15-25 | 17,063,000 | 18,385,573 | ||||||||||||
Broadcom, Inc. | 4.700 | 04-15-25 | 30,734,000 | 35,174,812 | ||||||||||||
Broadcom, Inc. | 4.750 | 04-15-29 | 87,340,000 | 103,965,456 | ||||||||||||
Broadcom, Inc. | 5.000 | 04-15-30 | 36,018,000 | 43,575,844 | ||||||||||||
KLA Corp. | 4.100 | 03-15-29 | 20,282,000 | 24,370,279 | ||||||||||||
Lam Research Corp. | 3.750 | 03-15-26 | 19,837,000 | 22,667,570 | ||||||||||||
Lam Research Corp. | 4.875 | 03-15-49 | 19,751,000 | 28,532,626 | ||||||||||||
Marvell Technology Group, Ltd. | 4.875 | 06-22-28 | 27,709,000 | 32,801,037 | ||||||||||||
Microchip Technology, Inc. (C) | 4.250 | 09-01-25 | 6,587,000 | 6,906,140 | ||||||||||||
Microchip Technology, Inc. | 4.333 | 06-01-23 | 53,020,000 | 57,395,184 | ||||||||||||
Micron Technology, Inc. | 4.185 | 02-15-27 | 61,645,000 | 71,174,751 | ||||||||||||
Micron Technology, Inc. | 4.975 | 02-06-26 | 11,668,000 | 13,699,154 | ||||||||||||
Micron Technology, Inc. | 5.327 | 02-06-29 | 50,980,000 | 62,400,712 | ||||||||||||
NVIDIA Corp. | 2.850 | 04-01-30 | 24,629,000 | 27,603,760 | ||||||||||||
NXP BV (C) | 3.400 | 05-01-30 | 9,090,000 | 10,240,867 | ||||||||||||
NXP BV (C) | 3.875 | 06-18-26 | 21,216,000 | 24,040,972 | ||||||||||||
NXP BV (C) | 4.625 | 06-01-23 | 35,258,000 | 38,616,125 | ||||||||||||
NXP BV (C) | 4.875 | 03-01-24 | 17,643,000 | 19,894,901 | ||||||||||||
Qorvo, Inc. (C) | 3.375 | 04-01-31 | 11,130,000 | 11,327,001 | ||||||||||||
Software 0.8% | ||||||||||||||||
Autodesk, Inc. | 2.850 | 01-15-30 | 10,308,000 | 11,384,009 | ||||||||||||
Infor, Inc. (C)(D) | 1.750 | 07-15-25 | 7,620,000 | 7,895,976 | ||||||||||||
j2 Global, Inc. (C) | 4.625 | 10-15-30 | 13,503,000 | 14,007,337 | ||||||||||||
LogMeIn, Inc. (C) | 5.500 | 09-01-27 | 10,959,000 | 11,369,963 | ||||||||||||
Microsoft Corp. | 2.525 | 06-01-50 | 19,796,000 | 21,200,174 | ||||||||||||
Oracle Corp. | 2.950 | 04-01-30 | 49,729,000 | 55,795,377 | ||||||||||||
PTC, Inc. (C) | 4.000 | 02-15-28 | 3,903,000 | 4,063,999 |
28 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Information technology (continued) | ||||||||||||||||
Software (continued) | ||||||||||||||||
ServiceNow, Inc. | 1.400 | 09-01-30 | 27,677,000 | $26,935,753 | ||||||||||||
VMware, Inc. | 4.500 | 05-15-25 | 21,361,000 | 24,263,921 | ||||||||||||
Technology hardware, storage and peripherals 1.0% | ||||||||||||||||
CDW LLC | 3.250 | 02-15-29 | 8,552,000 | 8,574,235 | ||||||||||||
Dell International LLC (C) | 4.900 | 10-01-26 | 32,167,000 | 37,566,455 | ||||||||||||
Dell International LLC (C) | 5.300 | 10-01-29 | 35,049,000 | 42,339,550 | ||||||||||||
Dell International LLC (C) | 5.850 | 07-15-25 | 9,498,000 | 11,301,977 | ||||||||||||
Dell International LLC (C) | 8.350 | 07-15-46 | 21,827,000 | 31,685,925 | ||||||||||||
Seagate HDD Cayman (C) | 4.091 | 06-01-29 | 28,244,000 | 31,218,768 | ||||||||||||
Seagate HDD Cayman (C) | 4.125 | 01-15-31 | 27,453,000 | 30,953,258 | ||||||||||||
Xerox Holdings Corp. (C) | 5.500 | 08-15-28 | 5,969,000 | 6,174,184 | ||||||||||||
Materials 2.4% | 511,629,518 | |||||||||||||||
Chemicals 0.8% | ||||||||||||||||
Braskem Netherlands Finance BV (8.500% | 8.500 | 01-23-81 | 20,288,000 | 22,337,088 | ||||||||||||
Cydsa SAB de CV (C) | 6.250 | 10-04-27 | 20,300,000 | 21,254,100 | ||||||||||||
Methanex Corp. | 4.250 | 12-01-24 | 16,889,000 | 17,311,225 | ||||||||||||
Methanex Corp. | 5.250 | 12-15-29 | 21,366,000 | 22,383,556 | ||||||||||||
Nutrition & Biosciences, Inc. (C) | 1.832 | 10-15-27 | 8,173,000 | 8,348,549 | ||||||||||||
Nutrition & Biosciences, Inc. (C) | 2.300 | 11-01-30 | 16,349,000 | 16,807,941 | ||||||||||||
Orbia Advance Corp. SAB de CV (C) | 5.500 | 01-15-48 | 19,895,000 | 23,321,317 | ||||||||||||
Syngenta Finance NV (C) | 4.441 | 04-24-23 | 25,988,000 | 27,418,599 | ||||||||||||
Syngenta Finance NV (C) | 5.676 | 04-24-48 | 8,210,000 | 8,671,564 | ||||||||||||
WR Grace & Company (C) | 4.875 | 06-15-27 | 8,552,000 | 8,958,220 | ||||||||||||
Construction materials 0.4% | ||||||||||||||||
Cemex SAB de CV (C) | 5.200 | 09-17-30 | 17,916,000 | 19,528,440 | ||||||||||||
Cemex SAB de CV (C) | 7.375 | 06-05-27 | 14,477,000 | 16,246,089 | ||||||||||||
Standard Industries, Inc. (C) | 3.375 | 01-15-31 | 7,644,000 | 7,672,665 | ||||||||||||
Standard Industries, Inc. (C) | 5.000 | 02-15-27 | 3,699,000 | 3,879,326 | ||||||||||||
US Concrete, Inc. (C) | 5.125 | 03-01-29 | 6,849,000 | 7,047,107 | ||||||||||||
Vulcan Materials Company | 3.500 | 06-01-30 | 18,796,000 | 21,477,082 | ||||||||||||
Containers and packaging 0.2% | ||||||||||||||||
Ardagh Packaging Finance PLC (C) | 6.000 | 02-15-25 | 15,450,000 | 16,009,290 | ||||||||||||
Graham Packaging Company, Inc. (C) | 7.125 | 08-15-28 | 1,313,000 | 1,408,193 | ||||||||||||
Mauser Packaging Solutions Holding Company (C) | 8.500 | 04-15-24 | 2,721,000 | 2,843,445 | ||||||||||||
Owens-Brockway Glass Container, Inc. (C) | 6.625 | 05-13-27 | 8,687,000 | 9,403,678 | ||||||||||||
Reynolds Group Issuer, Inc. (C) | 4.000 | 10-15-27 | 20,391,000 | 20,736,627 | ||||||||||||
Metals and mining 0.6% | ||||||||||||||||
Anglo American Capital PLC (C) | 4.750 | 04-10-27 | 16,430,000 | 19,205,261 | ||||||||||||
Arconic Corp. (C) | 6.000 | 05-15-25 | 5,802,000 | 6,251,655 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 29 |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Materials (continued) | ||||||||||||||||
Metals and mining (continued) | ||||||||||||||||
Arconic Corp. (C) | 6.125 | 02-15-28 | 2,748,000 | $2,981,580 | ||||||||||||
Commercial Metals Company | 5.375 | 07-15-27 | 5,017,000 | 5,292,935 | ||||||||||||
CSN Islands XI Corp. (C) | 6.750 | 01-28-28 | 29,108,000 | 30,505,184 | ||||||||||||
First Quantum Minerals, Ltd. (C) | 6.875 | 03-01-26 | 9,625,000 | 9,943,828 | ||||||||||||
First Quantum Minerals, Ltd. (C) | 6.875 | 10-15-27 | 13,468,000 | 14,090,895 | ||||||||||||
First Quantum Minerals, Ltd. (C) | 7.250 | 04-01-23 | 5,714,000 | 5,853,707 | ||||||||||||
First Quantum Minerals, Ltd. (C) | 7.500 | 04-01-25 | 11,526,000 | 11,972,633 | ||||||||||||
JW Aluminum Continuous Cast Company (C) | 10.250 | 06-01-26 | 7,771,000 | 8,198,405 | ||||||||||||
Newmont Corp. | 2.800 | 10-01-29 | 12,732,000 | 13,948,188 | ||||||||||||
Steel Dynamics, Inc. | 3.250 | 01-15-31 | 3,793,000 | 4,216,852 | ||||||||||||
Paper and forest products 0.4% | ||||||||||||||||
Boise Cascade Company (C) | 4.875 | 07-01-30 | 3,222,000 | 3,495,870 | ||||||||||||
Georgia-Pacific LLC (C) | 2.300 | 04-30-30 | 54,014,000 | 57,697,220 | ||||||||||||
Inversiones CMPC SA (C) | 3.850 | 01-13-30 | 8,078,000 | 8,914,154 | ||||||||||||
Norbord, Inc. (C) | 6.250 | 04-15-23 | 5,540,000 | 5,997,050 | ||||||||||||
Real estate 2.4% | 523,958,089 | |||||||||||||||
Equity real estate investment trusts 2.4% | ||||||||||||||||
American Homes 4 Rent LP | 4.250 | 02-15-28 | 27,050,000 | 31,064,825 | ||||||||||||
American Tower Corp. | 2.400 | 03-15-25 | 16,533,000 | 17,571,564 | ||||||||||||
American Tower Corp. | 2.950 | 01-15-25 | 16,252,000 | 17,603,806 | ||||||||||||
American Tower Corp. | 3.550 | 07-15-27 | 39,138,000 | 44,059,541 | ||||||||||||
American Tower Corp. | 3.800 | 08-15-29 | 14,793,000 | 17,090,145 | ||||||||||||
Crown Castle International Corp. | 2.250 | 01-15-31 | 35,059,000 | 36,285,727 | ||||||||||||
Crown Castle International Corp. | 3.300 | 07-01-30 | 6,779,000 | 7,565,289 | ||||||||||||
Crown Castle International Corp. | 3.650 | 09-01-27 | 32,410,000 | 36,657,875 | ||||||||||||
Crown Castle International Corp. | 4.150 | 07-01-50 | 6,170,000 | 7,344,510 | ||||||||||||
CyrusOne LP | 2.150 | 11-01-30 | 10,357,000 | 10,161,771 | ||||||||||||
CyrusOne LP | 3.450 | 11-15-29 | 21,784,000 | 23,487,944 | ||||||||||||
Equinix, Inc. | 1.550 | 03-15-28 | 25,808,000 | 26,015,132 | ||||||||||||
Equinix, Inc. | 1.800 | 07-15-27 | 8,210,000 | 8,418,194 | ||||||||||||
Equinix, Inc. | 3.200 | 11-18-29 | 34,363,000 | 37,933,576 | ||||||||||||
Equinix, Inc. | 5.375 | 05-15-27 | 13,786,000 | 15,038,037 | ||||||||||||
GLP Capital LP | 5.375 | 04-15-26 | 21,110,000 | 23,865,488 | ||||||||||||
Host Hotels & Resorts LP | 3.375 | 12-15-29 | 17,961,000 | 18,067,385 | ||||||||||||
Host Hotels & Resorts LP | 3.500 | 09-15-30 | 12,239,000 | 12,651,841 | ||||||||||||
MGM Growth Properties Operating | 3.875 | 02-15-29 | 11,695,000 | 11,811,950 | ||||||||||||
SBA Communications Corp. (C) | 3.875 | 02-15-27 | 21,314,000 | 21,953,420 | ||||||||||||
SBA Tower Trust (C) | 2.836 | 01-15-25 | 22,542,000 | 23,937,485 | ||||||||||||
SBA Tower Trust (C) | 3.722 | 04-11-23 | 26,799,000 | 27,511,987 | ||||||||||||
Ventas Realty LP | 3.500 | 02-01-25 | 19,079,000 | 21,032,990 |
30 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Real estate (continued) | ||||||||||||||||
Equity real estate investment trusts (continued) | ||||||||||||||||
VICI Properties LP (C) | 4.125 | 08-15-30 | 11,387,000 | $11,737,720 | ||||||||||||
VICI Properties LP (C) | 4.625 | 12-01-29 | 14,160,000 | 15,089,887 | ||||||||||||
Utilities 1.8% | 375,380,981 | |||||||||||||||
Electric utilities 1.1% | ||||||||||||||||
ABY Transmision Sur SA (C) | 6.875 | 04-30-43 | 10,620,367 | 14,178,190 | ||||||||||||
DPL, Inc. (C) | 4.125 | 07-01-25 | 11,930,000 | 12,675,625 | ||||||||||||
Emera US Finance LP | 3.550 | 06-15-26 | 13,412,000 | 14,982,533 | ||||||||||||
FirstEnergy Corp. | 2.650 | 03-01-30 | 13,221,000 | 13,038,340 | ||||||||||||
Instituto Costarricense de Electricidad (C) | 6.375 | 05-15-43 | 9,810,000 | 7,283,925 | ||||||||||||
Israel Electric Corp., Ltd. (C) | 6.875 | 06-21-23 | 6,630,000 | 7,562,332 | ||||||||||||
NextEra Energy Capital Holdings, Inc. | 3.550 | 05-01-27 | 40,431,000 | 46,086,807 | ||||||||||||
NRG Energy, Inc. (C) | 2.450 | 12-02-27 | 21,080,000 | 21,614,743 | ||||||||||||
NRG Energy, Inc. (C) | 3.375 | 02-15-29 | 3,544,000 | 3,619,310 | ||||||||||||
NRG Energy, Inc. (C) | 3.625 | 02-15-31 | 9,853,000 | 10,222,488 | ||||||||||||
NRG Energy, Inc. (C) | 3.750 | 06-15-24 | 14,286,000 | 15,336,377 | ||||||||||||
Vistra Operations Company LLC (C) | 3.700 | 01-30-27 | 31,346,000 | 34,347,852 | ||||||||||||
Vistra Operations Company LLC (C) | 4.300 | 07-15-29 | 29,458,000 | 32,974,667 | ||||||||||||
Gas utilities 0.2% | ||||||||||||||||
AmeriGas Partners LP | 5.500 | 05-20-25 | 14,677,000 | 16,144,700 | ||||||||||||
Infraestructura Energetica Nova SAB de CV (C) | 4.750 | 01-15-51 | 31,747,000 | 30,889,831 | ||||||||||||
Independent power and renewable electricity producers 0.3% | ||||||||||||||||
AES Panama Generation Holdings SRL (C) | 4.375 | 05-31-30 | 16,304,000 | 17,608,320 | ||||||||||||
Greenko Dutch BV (C) | 4.875 | 07-24-22 | 11,955,000 | 12,032,708 | ||||||||||||
Greenko Dutch BV (C) | 5.250 | 07-24-24 | 7,105,000 | 7,343,018 | ||||||||||||
LLPL Capital Pte, Ltd. (C) | 6.875 | 02-04-39 | 3,416,082 | 3,995,962 | ||||||||||||
NextEra Energy Operating Partners LP (C) | 3.875 | 10-15-26 | 15,359,000 | 16,242,143 | ||||||||||||
NextEra Energy Operating Partners LP (C) | 4.500 | 09-15-27 | 5,144,000 | 5,632,680 | ||||||||||||
Multi-utilities 0.2% | ||||||||||||||||
Dominion Energy, Inc. | 3.375 | 04-01-30 | 16,637,000 | 19,022,906 | ||||||||||||
NiSource, Inc. | 3.600 | 05-01-30 | 10,847,000 | 12,545,524 | ||||||||||||
Municipal bonds 0.3% | $57,936,020 | |||||||||||||||
(Cost $57,188,144) | ||||||||||||||||
New Jersey Transportation Trust Fund | ||||||||||||||||
Authority | 4.081 | 06-15-39 | 21,809,000 | 22,034,941 | ||||||||||||
New Jersey Transportation Trust Fund | ||||||||||||||||
Authority | 4.131 | 06-15-42 | 1,745,000 | 1,727,306 | ||||||||||||
State Board of Administration Finance | ||||||||||||||||
Corp. (Florida) | 1.705 | 07-01-27 | 33,242,000 | 34,173,773 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 31 |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Collateralized mortgage obligations 5.2% | $1,099,651,315 | |||||||||||||||
(Cost $1,153,564,254) | ||||||||||||||||
Commercial and residential 3.6% | 766,407,245 | |||||||||||||||
AOA Mortgage Trust | 3.110 | 12-13-29 | 6,896,000 | 6,869,270 | ||||||||||||
Arroyo Mortgage Trust | 3.763 | 04-25-48 | 19,984,354 | 20,267,814 | ||||||||||||
Series 2019-2, Class A1 (C)(H) | 3.347 | 04-25-49 | 19,407,599 | 20,033,119 | ||||||||||||
Series 2019-3, Class A1 (C)(H) | 2.962 | 10-25-48 | 12,133,136 | 12,499,279 | ||||||||||||
BAMLL Commercial Mortgage Securities Trust | 3.843 | 11-05-32 | 11,565,000 | 9,221,008 | ||||||||||||
Barclays Commercial Mortgage Trust | 3.043 | 11-15-52 | 15,513,000 | 16,499,467 | ||||||||||||
BBCMS Mortgage Trust | 2.690 | 02-15-53 | 10,593,000 | 11,147,919 | ||||||||||||
BBCMS Trust | 4.123 | 09-15-32 | 7,340,000 | 7,464,227 | ||||||||||||
Series 2015-SRCH, Class D (C)(H) | 5.122 | 08-10-35 | 15,436,000 | 16,675,886 | ||||||||||||
Bear Stearns Commercial Mortgage Securities Trust | 0.716 | 06-11-41 | 18,207 | 24 | ||||||||||||
Benchmark Mortgage Trust | 3.001 | 08-15-52 | 21,935,000 | 23,289,190 | ||||||||||||
Series 2019-B13, Class A2 | 2.889 | 08-15-57 | 20,055,000 | 21,216,906 | ||||||||||||
Series 2019-B14, Class A2 | 2.915 | 12-15-62 | 22,263,000 | 23,666,134 | ||||||||||||
BRAVO Residential Funding Trust | 2.666 | 07-25-59 | 7,974,060 | 8,160,177 | ||||||||||||
Bunker Hill Loan Depositary Trust | 3.613 | 10-26-48 | 2,274,032 | 2,367,989 | ||||||||||||
BWAY Mortgage Trust | 1.023 | 01-10-35 | 123,773,000 | 1,249,204 | ||||||||||||
BX Commercial Mortgage Trust LIBOR + 1.321%) (B)(C) | 1.462 | 03-15-37 | 14,985,000 | 14,891,754 | ||||||||||||
Series 2020-VKNG, Class A (1 month LIBOR + 0.930%) (B)(C) | 1.071 | 10-15-37 | 24,953,000 | 24,938,061 | ||||||||||||
CAMB Commercial Mortgage Trust LIBOR + 1.750%) (B)(C) | 1.891 | 12-15-37 | 6,315,000 | 6,267,507 | ||||||||||||
Series 2019-LIFE, Class F (1 month | 2.691 | 12-15-37 | 10,788,000 | 10,352,044 | ||||||||||||
CGDBB Commercial Mortgage Trust LIBOR + 2.150%) (B)(C) | 2.291 | 07-15-32 | 13,768,926 | 13,676,283 | ||||||||||||
Citigroup Commercial Mortgage Trust | 3.341 | 05-10-36 | 11,950,000 | 12,620,192 | ||||||||||||
Series 2019-SMRT, Class A (C) | 4.149 | 01-10-36 | 6,987,000 | 7,569,062 | ||||||||||||
COLT Mortgage Loan Trust | 3.337 | 05-25-49 | 5,565,811 | 5,608,774 |
32 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Commercial and residential (continued) | ||||||||||||||||
Series 2020-1, Class A1 (C)(H) | 2.488 | 02-25-50 | 8,556,446 | $8,653,741 | ||||||||||||
COLT Trust Series 2020-RPL1, Class A1 (C)(H) | 1.390 | 01-25-65 | 40,507,190 | 40,642,258 | ||||||||||||
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) | ||||||||||||||||
Series 2012-CR2, Class XA IO | 1.785 | 08-15-45 | 65,155,027 | 1,258,333 | ||||||||||||
Series 2012-CR3, Class XA IO | 2.006 | 10-15-45 | 92,928,052 | 2,317,496 | ||||||||||||
Series 2014-CR15, Class XA IO | 1.080 | 02-10-47 | 68,026,419 | 1,570,948 | ||||||||||||
Series 2014-CR20, Class A3 | 3.326 | 11-10-47 | 11,185,000 | 11,891,337 | ||||||||||||
Commercial Mortgage Trust (Citigroup/Deutsche Bank AG) | 0.584 | 05-10-51 | 224,539,125 | 6,603,808 | ||||||||||||
Commercial Mortgage Trust (Deutsche Bank AG) | 4.540 | 08-10-30 | 18,413,000 | 19,053,196 | ||||||||||||
Series 2017-PANW, Class A (C) | 3.244 | 10-10-29 | 7,264,000 | 7,602,487 | ||||||||||||
Series 2020-CBM, Class A2 (C) | 2.896 | 02-10-37 | 14,666,000 | 14,603,810 | ||||||||||||
Credit Suisse Mortgage Capital Certificates | 2.573 | 07-25-49 | 18,853,210 | 19,281,785 | ||||||||||||
Series 2019-ICE4, Class D (1 month LIBOR + 1.600%) (B)(C) | 1.741 | 05-15-36 | 23,820,000 | 23,640,959 | ||||||||||||
Series 2020-AFC1, Class A1 (C)(H) | 2.240 | 02-25-50 | 12,819,318 | 13,047,275 | ||||||||||||
Series 2020-NET, Class A (C) | 2.257 | 08-15-37 | 5,713,000 | 5,892,233 | ||||||||||||
GCAT Trust | 3.985 | 02-25-59 | 19,568,764 | 19,945,846 | ||||||||||||
Series 2020-NQM1, Class A1 (C) | 2.247 | 01-25-60 | 22,179,904 | 22,677,876 | ||||||||||||
GS Mortgage Securities Trust | 1.834 | 07-10-39 | 7,186 | 2 | ||||||||||||
Series 2011-GC5, Class XA IO (C) | 1.490 | 08-10-44 | 22,490,978 | 70,883 | ||||||||||||
Series 2015-590M, Class C (C)(H) | 3.932 | 10-10-35 | 6,950,000 | 7,249,325 | ||||||||||||
Series 2017-485L, Class C (C)(H) | 4.115 | 02-10-37 | 6,670,000 | 6,954,618 | ||||||||||||
Series 2019-GC40, Class A2 | 2.971 | 07-10-52 | 22,410,000 | 23,813,756 | ||||||||||||
Series 2020-UPTN, Class A (C) | 2.751 | 02-10-37 | 13,326,000 | 13,560,720 | ||||||||||||
GS Mortgage-Backed Securities Trust | 1.382 | 09-27-60 | 12,670,685 | 12,744,430 | ||||||||||||
HarborView Mortgage Loan Trust | 0.350 | 05-19-47 | 26,438,619 | 334,583 | ||||||||||||
Series 2007-4, Class ES IO | 0.350 | 07-19-47 | 28,496,785 | 377,007 | ||||||||||||
Series 2007-6, Class ES IO (C) | 0.343 | 08-19-37 | 25,964,773 | 364,187 | ||||||||||||
IMT Trust | 3.478 | 06-15-34 | 7,744,000 | 8,240,090 | ||||||||||||
Series 2017-APTS, Class CFX (C)(H) | 3.613 | 06-15-34 | 6,867,000 | 6,830,527 | ||||||||||||
Irvine Core Office Trust | 3.279 | 05-15-48 | 15,925,000 | 16,579,570 | ||||||||||||
Series 2013-IRV, Class XA IO (C) | 1.211 | 05-15-48 | 8,695,067 | 116,402 | ||||||||||||
JPMBB Commercial Mortgage Securities | 0.718 | 08-15-46 | 10,185,623 | 129,952 | ||||||||||||
JPMorgan Chase Commercial Mortgage Securities Trust | 1.192 | 02-15-46 | 4,939,215 | 23,416 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 33 |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Commercial and residential (continued) | ||||||||||||||||
Series 2011-C4, Class XA IO (C) | 1.305 | 07-15-46 | 2,076,452 | $2,879 | ||||||||||||
Series 2012-HSBC, Class XA IO (C) | 1.582 | 07-05-32 | 81,148,077 | 1,542,690 | ||||||||||||
Series 2020-NNN, Class AFX (C) | 2.812 | 01-16-37 | 14,140,000 | 14,673,365 | ||||||||||||
KNDL Mortgage Trust | 1.491 | 05-15-36 | 9,440,000 | 9,364,012 | ||||||||||||
MFA Trust | 1.479 | 08-25-49 | 9,041,292 | 9,094,948 | ||||||||||||
Morgan Stanley Bank of America Merrill Lynch Trust | 1.571 | 08-15-45 | 12,027,154 | 200,873 | ||||||||||||
Series 2012-C6, Class XA IO (C) | 1.692 | 11-15-45 | 7,280,818 | 151,708 | ||||||||||||
Morgan Stanley Capital I Trust | 0.704 | 07-15-49 | 6,504,285 | 11,018 | ||||||||||||
Series 2017-CLS, Class D (1 month LIBOR + 1.400%) (B)(C) | 1.541 | 11-15-34 | 15,867,000 | 15,777,813 | ||||||||||||
MSCG Trust | 6.550 | 11-15-34 | 6,609,594 | 6,541,300 | ||||||||||||
Natixis Commercial Mortgage Securities Trust | 3.917 | 11-15-32 | 9,223,000 | 9,234,472 | ||||||||||||
Series 2018-ALXA, Class C (C)(H) | 4.460 | 01-15-43 | 7,402,000 | 7,776,523 | ||||||||||||
OBX Trust | 2.500 | 05-25-60 | 18,612,176 | 18,969,898 | ||||||||||||
One Market Plaza Trust | 4.146 | 02-10-32 | 5,035,000 | 5,127,534 | ||||||||||||
Seasoned Credit Risk Transfer Trust | 2.000 | 11-25-59 | 14,869,640 | 15,303,120 | ||||||||||||
Starwood Mortgage Residential Trust | 2.275 | 02-25-50 | 10,910,239 | 11,143,048 | ||||||||||||
Series 2020-3, Class A1 (C)(H) | 1.486 | 04-25-65 | 9,184,537 | 9,239,732 | ||||||||||||
Verus Securitization Trust | 1.218 | 05-25-65 | 13,450,275 | 13,462,454 | ||||||||||||
Wells Fargo Commercial Mortgage Trust | 1.791 | 12-15-34 | 5,170,000 | 4,309,070 | ||||||||||||
WF-RBS Commercial Mortgage Trust | 1.467 | 03-15-44 | 17,377,098 | 31,972 | ||||||||||||
Series 2012-C10, Class XA IO (C) | 1.672 | 12-15-45 | 8,366,699 | 219,700 | ||||||||||||
Series 2012-C9, Class XA IO (C) | 2.040 | 11-15-45 | 54,736,165 | 1,460,016 | ||||||||||||
Series 2013-C16, Class XA IO | 0.828 | 09-15-46 | 9,253,537 | 144,954 | ||||||||||||
U.S. Government Agency 1.6% | 333,244,070 | |||||||||||||||
Federal Home Loan Mortgage Corp. | 1.739 | 07-25-21 | 36,294,174 | 124,061 | ||||||||||||
Series K017, Class X1 IO | 1.433 | 12-25-21 | 156,148,739 | 1,233,341 | ||||||||||||
Series K018, Class X1 IO | 1.420 | 01-25-22 | 90,350,059 | 820,279 | ||||||||||||
Series K021, Class X1 IO | 1.539 | 06-25-22 | 32,662,696 | 521,084 | ||||||||||||
Series K022, Class X1 IO | 1.307 | 07-25-22 | 272,944,729 | 3,968,698 | ||||||||||||
Series K024, Class X1 IO | 0.919 | 09-25-22 | 9,630,213 | 118,336 | ||||||||||||
Series K026, Class X1 IO | 1.083 | 11-25-22 | 14,971,885 | 219,771 |
34 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
U.S. Government Agency (continued) | ||||||||||||||||
Series K038, Class X1 IO | 1.272 | 03-25-24 | 176,977,926 | $5,480,210 | ||||||||||||
Series K040, Class A2 | 3.241 | 09-25-24 | 19,525,000 | 21,375,691 | ||||||||||||
Series K715, Class X1 IO | 1.250 | 01-25-21 | 5,695,703 | 1,829 | ||||||||||||
Series K718, Class X1 IO | 0.698 | 01-25-22 | 12,629,632 | 51,367 | ||||||||||||
Series KAIV, Class X1 IO | 1.133 | 06-25-21 | 13,471,096 | 28,239 | ||||||||||||
Series KIR3, Class A1 | 3.038 | 08-25-27 | 34,300,000 | 37,434,859 | ||||||||||||
Series KS01, Class X1 IO | 1.336 | 01-25-23 | 35,681,556 | 586,830 | ||||||||||||
Series KS03, Class X IO | 0.362 | 08-25-25 | 35,766,170 | 204,232 | ||||||||||||
Series T-41, Class 3A (H) | 5.222 | 07-25-32 | 1,035 | 1,174 | ||||||||||||
Federal National Mortgage Association | 7.000 | 10-25-41 | 139 | 160 | ||||||||||||
Series 2012-M5, Class X IO | 0.653 | 02-25-22 | 12,695,310 | 47,526 | ||||||||||||
Government National Mortgage Association | 1.944 | 12-16-50 | 2,341,827 | �� | 342,817 | |||||||||||
Series 2012-114, Class IO | 0.702 | 01-16-53 | 17,233,692 | 539,577 | ||||||||||||
Series 2012-120, Class IO | 0.713 | 02-16-53 | 7,285,103 | 197,975 | ||||||||||||
Series 2012-125, Class IO | 0.246 | 02-16-53 | 10,630,711 | 153,003 | ||||||||||||
Series 2012-70, Class IO | 0.194 | 08-16-52 | 3,772,126 | 22,275 | ||||||||||||
Series 2013-63, Class IO | 0.766 | 09-16-51 | 9,683,170 | 225,999 | ||||||||||||
Series 2016-174, Class IO | 0.872 | 11-16-56 | 63,375,891 | 3,864,313 | ||||||||||||
Series 2017-109, Class IO | 0.559 | 04-16-57 | 114,052,418 | 4,770,813 | ||||||||||||
Series 2017-124, Class IO | 0.685 | 01-16-59 | 117,064,941 | 6,171,289 | ||||||||||||
Series 2017-135, Class IO | 0.771 | 10-16-58 | 64,663,223 | 3,502,807 | ||||||||||||
Series 2017-140, Class IO | 0.556 | 02-16-59 | 55,940,912 | 2,735,511 | ||||||||||||
Series 2017-159, Class IO | 0.534 | 06-16-59 | 88,862,577 | 4,384,373 | ||||||||||||
Series 2017-169, Class IO | 0.671 | 01-16-60 | 150,483,579 | 8,214,868 | ||||||||||||
Series 2017-20, Class IO | 0.704 | 12-16-58 | 206,043,101 | 9,976,051 | ||||||||||||
Series 2017-22, Class IO | 0.782 | 12-16-57 | 21,720,393 | 1,256,861 | ||||||||||||
Series 2017-41, Class IO | 0.707 | 07-16-58 | 91,294,081 | 4,576,508 | ||||||||||||
Series 2017-46, Class IO | 0.633 | 11-16-57 | 114,089,477 | 5,634,799 | ||||||||||||
Series 2017-61, Class IO | 0.745 | 05-16-59 | 49,040,385 | 2,814,565 | ||||||||||||
Series 2017-74, Class IO | 0.589 | 09-16-58 | 68,745,179 | 2,890,254 | ||||||||||||
Series 2017-89, Class IO | 0.710 | 07-16-59 | 106,786,799 | 6,714,049 | ||||||||||||
Series 2018-114, Class IO | 0.529 | 04-16-60 | 131,195,434 | 7,603,326 | ||||||||||||
Series 2018-158, Class IO | 0.692 | 05-16-61 | 120,882,893 | 8,042,061 | ||||||||||||
Series 2018-35, Class IO | 0.528 | 03-16-60 | 133,110,941 | 6,282,836 | ||||||||||||
Series 2018-43, Class IO | 0.573 | 05-16-60 | 195,453,670 | 9,609,265 | ||||||||||||
Series 2018-68, Class IO | 0.465 | 01-16-60 | 22,532,147 | 1,152,048 | ||||||||||||
Series 2018-69, Class IO | 0.572 | 04-16-60 | 79,628,793 | 4,749,531 | ||||||||||||
Series 2018-81, Class IO | 0.446 | 01-16-60 | 39,421,398 | 1,854,741 | ||||||||||||
Series 2018-9, Class IO | 0.544 | 01-16-60 | 96,735,430 | 4,920,274 | ||||||||||||
Series 2018-99, Class IO | 0.418 | 06-16-60 | 118,118,631 | 6,970,936 | ||||||||||||
Series 2019-131, Class IO | 0.937 | 07-16-61 | 105,052,307 | 7,621,965 | ||||||||||||
Series 2020-100, Class IO | 0.894 | 05-16-62 | 93,492,539 | 7,828,523 | ||||||||||||
Series 2020-108, Class IO | 0.948 | 06-16-62 | 218,196,982 | 18,326,997 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 35 |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
U.S. Government Agency (continued) | ||||||||||||||||
Series 2020-114, Class IO | 0.930 | 09-16-62 | 234,846,114 | $19,879,183 | ||||||||||||
Series 2020-118, Class IO | 1.059 | 06-16-62 | 229,527,923 | 20,017,452 | ||||||||||||
Series 2020-119, Class IO | 0.820 | 08-16-62 | 103,453,508 | 8,213,205 | ||||||||||||
Series 2020-120, Class IO | 0.882 | 05-16-62 | 49,298,067 | 4,091,212 | ||||||||||||
Series 2020-137, Class IO | 0.911 | 09-16-62 | 246,559,396 | 21,130,510 | ||||||||||||
Series 2020-150, Class IO | 0.983 | 12-16-62 | 145,337,780 | 12,620,842 | ||||||||||||
Series 2020-170, Class IO | 0.886 | 11-16-62 | 205,738,000 | 17,773,751 | ||||||||||||
Series 2020-92, Class IO | 1.016 | 02-16-62 | 37,777,936 | 3,349,018 | ||||||||||||
Asset backed securities 7.3% | $1,565,722,124 | |||||||||||||||
(Cost $1,529,590,103) | ||||||||||||||||
Asset backed securities 7.3% | 1,565,722,124 | |||||||||||||||
AMSR Trust | 1.355 | 11-17-37 | 32,971,000 | 33,162,779 | ||||||||||||
Applebee’s Funding LLC | 4.194 | 06-07-49 | 30,094,000 | 29,406,954 | ||||||||||||
Arbys Funding LLC | 3.237 | 07-30-50 | 27,926,010 | 28,526,978 | ||||||||||||
Avis Budget Rental Car Funding AESOP LLC | 2.360 | 03-20-26 | 25,080,000 | 25,826,757 | ||||||||||||
Series 2020-1A, Class A (C) | 2.330 | 08-20-26 | 17,982,000 | 18,472,856 | ||||||||||||
Bojangles Issuer LLC | 3.832 | 10-20-50 | 13,878,000 | 13,986,422 | ||||||||||||
BRE Grand Islander Timeshare Issuer LLC | 3.280 | 09-26-33 | 9,001,168 | 9,332,602 | ||||||||||||
CARS-DB4 LP | 4.170 | 02-15-50 | 21,344,000 | 22,228,049 | ||||||||||||
CF Hippolyta LLC | 1.690 | 07-15-60 | 27,553,466 | 27,890,153 | ||||||||||||
CLI Funding VI LLC | 2.080 | 09-18-45 | 23,549,800 | 23,643,712 | ||||||||||||
ContiMortgage Home Equity Loan Trust | 8.100 | 08-15-25 | 77,242 | 62,220 | ||||||||||||
CoreVest American Finance Trust | 2.705 | 10-15-52 | 6,533,282 | 6,878,543 | ||||||||||||
CWABS Asset-Backed Certificates Trust | 4.403 | 02-25-35 | 623,005 | 622,811 | ||||||||||||
DB Master Finance LLC | 3.629 | 11-20-47 | 10,253,068 | 10,526,004 | ||||||||||||
Series 2017-1A, Class A2II (C) | 4.030 | 11-20-47 | 8,844,888 | 9,401,408 | ||||||||||||
Series 2019-1A, Class A2I (C) | 3.787 | 05-20-49 | 49,537,938 | 50,849,702 | ||||||||||||
Domino’s Pizza Master Issuer LLC | 4.118 | 07-25-47 | 33,566,850 | 35,989,705 | ||||||||||||
Driven Brands Funding LLC | 5.216 | 07-20-45 | 27,759,000 | 28,899,895 | ||||||||||||
Series 2020-2A, Class A2 (C) | 3.237 | 01-20-51 | 20,155,000 | 20,185,376 | ||||||||||||
FirstKey Homes Trust |
36 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Asset backed securities (continued) | ||||||||||||||||
Series 2020-SFR1, Class A (C) | 1.339 | 09-17-25 | 33,816,000 | $34,036,257 | ||||||||||||
Series 2020-SFR2, Class A (C) | 1.266 | 10-19-37 | 38,527,000 | 38,587,545 | ||||||||||||
Five Guys Funding LLC | 4.600 | 07-25-47 | 16,149,960 | 16,814,733 | ||||||||||||
FOCUS Brands Funding LLC | 3.857 | 04-30-47 | 7,633,150 | 7,494,914 | ||||||||||||
Ford Credit Auto Owner Trust | 2.040 | 08-15-31 | 33,182,000 | 34,878,752 | ||||||||||||
Ford Credit Floorplan Master Owner Trust | 3.060 | 04-15-26 | 37,184,000 | 40,175,494 | ||||||||||||
Series 2020-2, Class A | 1.060 | 09-15-27 | 31,492,000 | 31,822,247 | ||||||||||||
GMF Floorplan Owner Revolving Trust | 2.900 | 04-15-26 | 30,515,000 | 32,816,939 | ||||||||||||
Series 2020-1, Class A (C) | 0.680 | 08-15-25 | 14,259,000 | 14,307,783 | ||||||||||||
Golden Credit Card Trust | 3.440 | 08-15-25 | 28,074,000 | 30,354,395 | ||||||||||||
Golub Capital Partners Funding | 3.208 | 01-22-29 | 22,181,000 | 22,183,262 | ||||||||||||
Hilton Grand Vacations Trust | 2.660 | 12-26-28 | 12,868,305 | 13,160,861 | ||||||||||||
Series 2018-AA, Class A (C) | 3.540 | 02-25-32 | 5,190,023 | 5,506,025 | ||||||||||||
Hyundai Auto Receivables Trust | 0.620 | 12-15-25 | 10,672,000 | 10,739,452 | ||||||||||||
Jack in the Box Funding LLC | 4.970 | 08-25-49 | 11,964,588 | 12,604,932 | ||||||||||||
Series 2019-1A, Class A2I (C) | 3.982 | 08-25-49 | 12,689,113 | 13,002,407 | ||||||||||||
Laurel Road Prime Student Loan Trust | 2.730 | 10-25-48 | 7,466,391 | 7,643,851 | ||||||||||||
MelTel Land Funding LLC | 3.768 | 04-15-49 | 11,071,368 | 11,520,651 | ||||||||||||
Mill City Mortgage Loan Trust | 3.500 | 08-25-58 | 6,503,265 | 6,853,200 | ||||||||||||
MVW Owner Trust | 2.520 | 12-20-32 | 884,292 | 889,534 | ||||||||||||
Series 2018-1A, Class A (C) | 3.450 | 01-21-36 | 11,586,553 | 12,039,039 | ||||||||||||
Navient Private Education Loan Trust | 3.910 | 12-15-45 | 6,659,687 | 6,985,191 | ||||||||||||
Navient Private Education Refi Loan Trust | 2.600 | 08-15-68 | 27,458,000 | 28,350,322 | ||||||||||||
Navient Student Loan Trust | 1.320 | 08-26-69 | 17,921,000 | 17,918,129 | ||||||||||||
Nelnet Student Loan Trust | 0.375 | 01-25-37 | 955,505 | 937,568 | ||||||||||||
NRZ Excess Spread-Collateralized Notes | 3.610 | 05-25-23 | 8,334,720 | 8,346,738 | ||||||||||||
Series 2018-FNT2, Class A (C) | 3.790 | 07-25-54 | 4,922,307 | 4,888,551 | ||||||||||||
Series 2018-PLS1, Class A (C) | 3.193 | 01-25-23 | 3,441,092 | 3,447,406 | ||||||||||||
Series 2018-PLS2, Class A (C) | 3.265 | 02-25-23 | 12,611,787 | 12,620,442 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 37 |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Asset backed securities (continued) | ||||||||||||||||
Oxford Finance Funding LLC | 4.459 | 02-15-27 | 15,113,000 | $15,595,254 | ||||||||||||
PFS Financing Corp. | 1.000 | 10-15-25 | 19,383,000 | 19,456,549 | ||||||||||||
Progress Residential Trust | 1.732 | 04-17-37 | 18,308,000 | 18,577,765 | ||||||||||||
Renaissance Home Equity Loan Trust | 4.934 | 08-25-35 | 4,470,540 | 4,626,271 | ||||||||||||
Santander Revolving Auto Loan Trust | 2.510 | 01-26-32 | 32,577,000 | 34,664,889 | ||||||||||||
SCF Equipment Leasing LLC | 3.230 | 10-20-24 | 8,205,000 | 8,234,585 | ||||||||||||
Sesac Finance LLC | 5.216 | 07-25-49 | 26,413,650 | 28,012,997 | ||||||||||||
Sierra Timeshare Receivables Funding LLC | 5.200 | 09-20-35 | 3,426,680 | 3,436,592 | ||||||||||||
Series 2019-1A, Class A (C) | 3.200 | 01-20-36 | 5,740,597 | 5,942,928 | ||||||||||||
SMB Private Education Loan Trust | 2.750 | 07-15-27 | 3,776,673 | 3,830,915 | ||||||||||||
Series 2019-B, Class A2A (C) | 2.840 | 06-15-37 | 27,582,000 | 28,899,639 | ||||||||||||
Series 2020-PTA, Class A2A (C) | 1.600 | 09-15-54 | 13,761,000 | 13,862,414 | ||||||||||||
Sonic Capital LLC | 3.845 | 01-20-50 | 23,668,148 | 25,115,455 | ||||||||||||
Sunbird Engine Finance LLC | 3.671 | 02-15-45 | 11,002,710 | 9,758,517 | ||||||||||||
Taco Bell Funding LLC | 4.377 | 05-25-46 | 2,653,750 | 2,653,962 | ||||||||||||
Series 2018-1A, Class A2I (C) | 4.318 | 11-25-48 | 34,025,600 | 34,551,976 | ||||||||||||
Towd Point Mortgage Trust | 3.553 | 10-25-53 | 4,950,000 | 5,203,765 | ||||||||||||
Series 2015-2, Class 1M2 (C)(H) | 3.580 | 11-25-60 | 10,930,000 | 11,543,345 | ||||||||||||
Series 2017-1, Class A1 (C)(H) | 2.750 | 10-25-56 | 3,901,402 | 3,997,988 | ||||||||||||
Series 2017-2, Class A1 (C)(H) | 2.750 | 04-25-57 | 2,119,106 | 2,166,072 | ||||||||||||
Series 2018-1, Class A1 (C)(H) | 3.000 | 01-25-58 | 5,587,093 | 5,801,325 | ||||||||||||
Series 2018-3, Class A1 (C)(H) | 3.750 | 05-25-58 | 9,240,749 | 9,865,184 | ||||||||||||
Series 2018-4, Class A1 (C)(H) | 3.000 | 06-25-58 | 22,100,406 | 23,463,647 | ||||||||||||
Series 2018-5, Class A1A (C)(H) | 3.250 | 07-25-58 | 3,632,997 | 3,788,421 | ||||||||||||
Series 2018-6, Class A1A (C)(H) | 3.750 | 03-25-58 | 23,502,754 | 24,736,300 | ||||||||||||
Series 2019-1, Class A1 (C)(H) | 3.724 | 03-25-58 | 13,389,801 | 14,365,879 | ||||||||||||
Series 2019-4, Class A1 (C)(H) | 2.900 | 10-25-59 | 18,977,430 | 19,932,775 | ||||||||||||
Series 2020-4, Class A1 (C) | 1.750 | 10-25-60 | 19,883,233 | 20,306,424 | ||||||||||||
Toyota Auto Loan Extended Note Trust | 2.560 | 11-25-31 | 60,869,000 | 64,966,173 | ||||||||||||
Series 2020-1A, Class A (C) | 1.350 | 05-25-33 | 19,008,000 | 19,519,779 | ||||||||||||
Toyota Auto Receivables Owner Trust | 0.570 | 10-15-25 | 10,568,000 | 10,611,635 | ||||||||||||
Triton Container Finance VIII LLC | 2.110 | 09-20-45 | 47,082,384 | 47,286,910 |
38 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
Rate (%) | Maturity date | Par value^ | Value | |||||||||||||
Asset backed securities (continued) | ||||||||||||||||
Vantage Data Centers LLC | ||||||||||||||||
Series 2020-1A, Class A2 (C) | 1.645 | 09-15-45 | 24,258,000 | $24,360,005 | ||||||||||||
Series 2020-2A, Class A2 (C) | 1.992 | 09-15-45 | 16,839,000 | 16,924,859 | ||||||||||||
Verizon Owner Trust | ||||||||||||||||
Series 2020-B, Class A | 0.470 | 02-20-25 | 39,048,000 | 39,145,292 | ||||||||||||
VR Funding LLC | ||||||||||||||||
Series 2020-1A, Class A (C) | 2.790 | 11-15-50 | 34,337,238 | 32,432,884 | ||||||||||||
VSE VOI Mortgage LLC | ||||||||||||||||
Series 2017-A, Class A (C) | 2.330 | 03-20-35 | 6,791,410 | 6,931,612 | ||||||||||||
Westgate Resorts LLC | ||||||||||||||||
Series 2017-1A, Class A (C) | 3.050 | 12-20-30 | 2,071,099 | 2,080,334 | ||||||||||||
Westlake Automobile Receivables Trust | ||||||||||||||||
Series 2019-1A, Class C (C) | 3.450 | 03-15-24 | 15,123,000 | 15,436,182 | ||||||||||||
Willis Engine Structured Trust V | ||||||||||||||||
Series 2020-A, Class A (C) | 3.228 | 03-15-45 | 8,063,482 | 6,815,080 | ||||||||||||
Shares | Value | |||||||||||||||
Common stocks 0.0% | $2,496,207 | |||||||||||||||
(Cost $2,483,774) | ||||||||||||||||
Utilities 0.0% | 2,496,207 | |||||||||||||||
Multi-utilities 0.0% | ||||||||||||||||
Dominion Energy, Inc. | 24,838 | 2,496,207 | ||||||||||||||
Preferred securities 0.2% | $53,206,597 | |||||||||||||||
(Cost $48,086,230) | ||||||||||||||||
Consumer staples 0.0% | 2,262,720 | |||||||||||||||
Food products 0.0% | ||||||||||||||||
Ocean Spray Cranberries, Inc., 6.250% (C) | 28,284 | 2,262,720 | ||||||||||||||
Financials 0.0% | 12,829,047 | |||||||||||||||
Banks 0.0% | ||||||||||||||||
GMAC Capital Trust I (3 month LIBOR + 5.785%), 6.007% (B) | 377,982 | 9,823,752 | ||||||||||||||
Wells Fargo & Company, 7.500% | 2,139 | 3,005,295 | ||||||||||||||
Information technology 0.1% | 21,147,643 | |||||||||||||||
Semiconductors and semiconductor equipment 0.1% | ||||||||||||||||
Broadcom, Inc., 8.000% | 15,892 | 21,147,643 | ||||||||||||||
Utilities 0.1% | 16,967,187 | |||||||||||||||
Electric utilities 0.1% | ||||||||||||||||
NextEra Energy, Inc., 5.279% | 275,700 | 13,445,889 | ||||||||||||||
The Southern Company, 6.750% | 38,814 | 1,932,549 | ||||||||||||||
Multi-utilities 0.0% | ||||||||||||||||
DTE Energy Company, 6.250% | 33,037 | 1,588,749 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 39 |
|
Shares | Value | |||||||||||||||
Warrants 0.0% | $332,925 | |||||||||||||||
(Cost $0) | ||||||||||||||||
Stearns LLC (Expiration Date: 11-5-39) (G)(I)(J) | 178,690 | 332,925 | ||||||||||||||
Yield* (%) | Maturity date | Par value^ | Value | |||||||||||||
Short-term investments 3.2% | $688,263,698 | |||||||||||||||
(Cost $688,181,627) | ||||||||||||||||
Commercial paper 0.0% | 1,999,995 | |||||||||||||||
Sumitomo Mitsui Financial Group, Inc. | 0.080 | 12-01-20 | 2,000,000 | 1,999,995 | ||||||||||||
U.S. Government Agency 0.2% | 44,882,000 | |||||||||||||||
Federal Agricultural Mortgage Corp. | ||||||||||||||||
Discount Note | 0.010 | 12-01-20 | 44,882,000 | 44,882,000 | ||||||||||||
Yield (%) | Shares | Value | ||||||||||||||
Short-term funds 0.6% | 120,010,703 | |||||||||||||||
John Hancock Collateral Trust (K) | 0.1952 | (L) | 11,992,436 | 120,010,703 | ||||||||||||
Par value^ | Value | |||||||||||||||
Repurchase agreement 2.4% | 521,371,000 | |||||||||||||||
Barclays Tri-Party Repurchase Agreement dated 11-30-20 at 0.070% to be repurchased at $376,537,732 on 12-1-20, collateralized by $120,011,900 U.S. Treasury Notes, 0.140%—2.500% due 1-31-2021 to 2-28-2026 (valued at $121,763,704) | 376,537,000 | 376,537,000 | ||||||||||||||
Repurchase Agreement with State Street Corp. dated 11-30-20 at 0.000% to be repurchased at $144,834,000 on 12-1-20, collateralized by $144,963,500 U.S. Treasury Notes, 1.375% due 1-31-22 (valued at $147,730,769) | 144,834,000 | 144,834,000 | ||||||||||||||
Total investments (Cost $20,793,423,650) 102.2% | $21,889,367,526 | |||||||||||||||
Other assets and liabilities, net (2.2%) | (480,703,343 | ) | ||||||||||||||
Total net assets 100.0% | $21,408,664,183 |
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
CMT | Constant Maturity Treasury | |
ICE | Intercontinental Exchange | |
IO | Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period. | |
LIBOR | London Interbank Offered Rate | |
PIK | Pay-in-Kind Security - Represents a payment-in-kind which may pay interest in additional par and/or cash. Rates shown are the current rate and most recent payment rate. |
40 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
SOFR | Secured Overnight Financing Rate | |
TBA | To Be Announced. A forward mortgage-backed securities trade issued by a U.S. Government Agency, to be delivered at an agreed-upon future settlement date. | |
(A) | Security purchased or sold on a when-issued or delayed delivery basis. | |
(B) | Variable rate obligation. The coupon rate shown represents the rate at period end. | |
(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. Rule 144A securities amounted to $6,195,805,303 or 28.9% of the fund’s net assets as of 11-30-20. | |
(D) | All or a portion of this security is on loan as of 11-30-20. | |
(E) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. | |
(F) | Non-income producing - Issuer is in default. | |
(G) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements. | |
(H) | Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end. | |
(I) | Non-income producing security. | |
(J) | Strike price and/or expiration date not available. | |
(K) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. | |
(L) | The rate shown is the annualized seven-day yield as of 11-30-20. | |
* | 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. |
At 11-30-20, the aggregate cost of investments for federal income tax purposes was $20,848,351,958. Net unrealized appreciation aggregated to $1,041,015,568, of which $1,195,700,675 related to gross unrealized appreciation and $154,685,107 related to gross unrealized depreciation.
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 41 |
|
STATEMENT OF ASSETS AND LIABILITIES 11-30-20 (unaudited) |
| |||
Assets | ||||
Unaffiliated investments, at value (Cost $20,673,495,023) including $117,533,210 of securities loaned | $21,769,356,823 | |||
Affiliated investments, at value (Cost $119,928,627) | 120,010,703 | |||
Total investments, at value (Cost $20,793,423,650) | 21,889,367,526 | |||
Cash | 1,594,483 | |||
Dividends and interest receivable | 146,192,577 | |||
Receivable for fund shares sold | 49,314,068 | |||
Receivable for investments sold | 46,270,084 | |||
Receivable for delayed delivery securities sold | 54,953,295 | |||
Receivable for securities lending income | 39,289 | |||
Other assets | 848,856 | |||
Total assets | 22,188,580,178 | |||
Liabilities | ||||
Distributions payable | 1,287,640 | |||
Payable for investments purchased | 222,002,267 | |||
Payable for delayed delivery securities purchased | 404,350,334 | |||
Payable for fund shares repurchased | 28,828,758 | |||
Payable upon return of securities loaned | 119,987,355 | |||
Payable to affiliates | ||||
Accounting and legal services fees | 668,989 | |||
Transfer agent fees | 892,641 | |||
Distribution and service fees | 249,135 | |||
Trustees’ fees | 12,581 | |||
Other liabilities and accrued expenses | 1,636,295 | |||
Total liabilities | 779,915,995 | |||
Net assets | $21,408,664,183 | |||
Net assets consist of | ||||
Paid-in capital | $20,087,904,517 | |||
Total distributable earnings (loss) | 1,320,759,666 | |||
Net assets | $21,408,664,183 |
42 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
STATEMENT OF ASSETS AND LIABILITIES (continued) |
| |||
Net asset value per share | ||||
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value | ||||
Class A ($2,393,208,478 ÷ 141,323,375 shares)1 | $16.93 | |||
Class C ($266,402,896 ÷ 15,730,724 shares)1 | $16.94 | |||
Class I ($5,740,664,797 ÷ 338,956,009 shares) | $16.94 | |||
Class R2 ($110,511,446 ÷ 6,518,127 shares) | $16.95 | |||
Class R4 ($65,913,760 ÷ 3,886,430 shares) | $16.96 | |||
Class R6 ($8,692,034,887 ÷ 512,348,322 shares) | $16.97 | |||
Class NAV ($4,139,927,919 ÷ 244,111,296 shares) | $16.96 | |||
Maximum offering price per share | ||||
Class A (net asset value per share ÷ 96%)2 | $17.64 |
1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
2 | On single retail sales of less than $100,000. On sales of $100,000 or more and on group sales the offering price is reduced. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 43 |
|
STATEMENT OF OPERATIONS For the six months ended 11-30-20 (unaudited) |
| |||
Investment income | ||||
Interest | $340,891,990 | |||
Dividends | 1,672,585 | |||
Securities lending | 528,497 | |||
Less foreign taxes withheld | (26,394 | ) | ||
Total investment income | 343,066,678 | |||
Expenses | ||||
Investment management fees | 31,225,434 | |||
Distribution and service fees | 5,160,068 | |||
Accounting and legal services fees | 1,905,906 | |||
Transfer agent fees | 5,180,222 | |||
Trustees’ fees | 163,486 | |||
Custodian fees | 1,090,104 | |||
State registration fees | 255,466 | |||
Printing and postage | 426,901 | |||
Professional fees | 260,242 | |||
Other | 394,859 | |||
Total expenses | 46,062,688 | |||
Less expense reductions | (753,435 | ) | ||
Net expenses | 45,309,253 | |||
Net investment income | 297,757,425 | |||
Realized and unrealized gain (loss) | ||||
Net realized gain (loss) on | ||||
Unaffiliated investments | 81,347,390 | |||
Affiliated investments | 21,663 | |||
81,369,053 | ||||
Change in net unrealized appreciation (depreciation) of | ||||
Unaffiliated investments | 589,999,263 | |||
Affiliated investments | (70,096 | ) | ||
589,929,167 | ||||
Net realized and unrealized gain | 671,298,220 | |||
Increase in net assets from operations | $969,055,645 |
44 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
STATEMENTS OF CHANGES IN NET ASSETS |
| |||||||
Six months ended 11-30-20 (unaudited) | Year ended 5-31-20 | |||||||
Increase (decrease) in net assets | ||||||||
From operations | ||||||||
Net investment income | $297,757,425 | $550,550,416 | ||||||
Net realized gain | 81,369,053 | 418,596,993 | ||||||
Change in net unrealized appreciation (depreciation) | 589,929,167 | 262,613,369 | ||||||
Increase in net assets resulting from operations | 969,055,645 | 1,231,760,778 | ||||||
Distributions to shareholders | ||||||||
From earnings | ||||||||
Class A | (31,482,271 | ) | (69,961,436 | ) | ||||
Class B1 | (18,026 | ) | (145,931 | ) | ||||
Class C | (2,887,823 | ) | (7,784,005 | ) | ||||
Class I | (81,014,125 | ) | (151,367,503 | ) | ||||
Class R2 | (1,474,167 | ) | (3,443,142 | ) | ||||
Class R4 | (881,012 | ) | (1,915,296 | ) | ||||
Class R6 | (127,990,362 | ) | (290,596,250 | ) | ||||
Class NAV | (63,233,427 | ) | (171,586,313 | ) | ||||
Total distributions | (308,981,213 | ) | (696,799,876 | ) | ||||
From fund share transactions | 2,470,354,717 | 1,717,196,319 | ||||||
Total increase | 3,130,429,149 | 2,252,157,221 | ||||||
Net assets | ||||||||
Beginning of period | 18,278,235,034 | 16,026,077,813 | ||||||
End of period | $21,408,664,183 | $18,278,235,034 |
1 | Share class was redesignated during the period. Refer to Note 5 for further details. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 45 |
|
CLASS A SHARES Period ended | 11-30-201 | 5-31-20 | 5-31-19 | 5-31-18 | 5-31-17 | 5-31-16 | ||||||||||||||||||
Per share operating performance | ||||||||||||||||||||||||
Net asset value, beginning of period | $16.37 | $15.83 | $15.41 | $15.93 | $15.79 | $16.06 | ||||||||||||||||||
Net investment income2 | 0.22 | 0.45 | 0.49 | 0.46 | 0.45 | 0.47 | ||||||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.57 | 0.68 | 0.46 | (0.47 | ) | 0.18 | (0.23 | ) | ||||||||||||||||
Total from investment operations | 0.79 | 1.13 | 0.95 | (0.01 | ) | 0.63 | 0.24 | |||||||||||||||||
Less distributions | ||||||||||||||||||||||||
From net investment income | (0.23 | ) | (0.49 | ) | (0.53 | ) | (0.51 | ) | (0.49 | ) | (0.51 | ) | ||||||||||||
From net realized gain | — | (0.10 | ) | — | — | — | — | |||||||||||||||||
Total distributions | (0.23 | ) | (0.59 | ) | (0.53 | ) | (0.51 | ) | (0.49 | ) | (0.51 | ) | ||||||||||||
Net asset value, end of period | $16.93 | $16.37 | $15.83 | $15.41 | $15.93 | $15.79 | ||||||||||||||||||
Total return (%)3,4 | 4.875 | 7.22 | 6.33 | (0.11 | ) | 4.07 | 1.59 | |||||||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Net assets, end of period (in millions) | $2,393 | $2,100 | $1,688 | $1,488 | $1,492 | $1,904 | ||||||||||||||||||
Ratios (as a percentage of average net assets): | ||||||||||||||||||||||||
Expenses before reductions | 0.78 | 6 | 0.79 | 0.78 | 0.81 | 0.89 | 0.93 | |||||||||||||||||
Expenses including reductions | 0.77 | 6 | 0.78 | 0.78 | 0.79 | 0.83 | 0.87 | |||||||||||||||||
Net investment income | 2.67 | 6 | 2.82 | 3.21 | 2.93 | 2.83 | 3.01 | |||||||||||||||||
Portfolio turnover (%) | 42 | 125 | 106 | 74 | 98 | 7 | 56 |
1 | Six months ended 11-30-20. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Not annualized. |
6 | Annualized. |
7 | Excludes merger activity. |
46 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
CLASS C SHARES Period ended | 11-30-201 | 5-31-20 | 5-31-19 | 5-31-18 | 5-31-17 | 5-31-16 | ||||||||||||||||||
Per share operating performance | ||||||||||||||||||||||||
Net asset value, beginning of period | $16.37 | $15.84 | $15.41 | $15.93 | $15.79 | $16.06 | ||||||||||||||||||
Net investment income2 | 0.16 | 0.34 | 0.39 | 0.35 | 0.34 | 0.36 | ||||||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.58 | 0.66 | 0.46 | (0.47 | ) | 0.18 | (0.23 | ) | ||||||||||||||||
Total from investment operations | 0.74 | 1.00 | 0.85 | (0.12 | ) | 0.52 | 0.13 | |||||||||||||||||
Less distributions | ||||||||||||||||||||||||
From net investment income | (0.17 | ) | (0.37 | ) | (0.42 | ) | (0.40 | ) | (0.38 | ) | (0.40 | ) | ||||||||||||
From net realized gain | — | (0.10 | ) | — | — | — | — | |||||||||||||||||
Total distributions | (0.17 | ) | (0.47 | ) | (0.42 | ) | (0.40 | ) | (0.38 | ) | (0.40 | ) | ||||||||||||
Net asset value, end of period | $16.94 | $16.37 | $15.84 | $15.41 | $15.93 | $15.79 | ||||||||||||||||||
Total return (%)3,4 | 4.575 | 6.41 | 5.66 | (0.80 | ) | 3.35 | 0.88 | |||||||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Net assets, end of period (in millions) | $266 | $278 | $252 | $269 | $299 | $310 | ||||||||||||||||||
Ratios (as a percentage of average net assets): | ||||||||||||||||||||||||
Expenses before reductions | 1.48 | 6 | 1.49 | 1.48 | 1.51 | 1.59 | 1.63 | |||||||||||||||||
Expenses including reductions | 1.47 | 6 | 1.48 | 1.48 | 1.49 | 1.53 | 1.57 | |||||||||||||||||
Net investment income | 1.96 | 6 | 2.11 | 2.51 | 2.23 | 2.14 | 2.31 | |||||||||||||||||
Portfolio turnover (%) | 42 | 125 | 106 | 74 | 98 | 7 | 56 |
1 | Six months ended 11-30-20. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Not annualized. |
6 | Annualized. |
7 | Excludes merger activity. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 47 |
|
CLASS I SHARES Period ended | 11-30-201 | 5-31-20 | 5-31-19 | 5-31-18 | 5-31-17 | 5-31-16 | ||||||||||||||||||
Per share operating performance | ||||||||||||||||||||||||
Net asset value, beginning of period | $16.37 | $15.84 | $15.41 | $15.93 | $15.80 | $16.06 | ||||||||||||||||||
Net investment income2 | 0.25 | 0.50 | 0.53 | 0.50 | 0.50 | 0.52 | ||||||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.58 | 0.67 | 0.47 | (0.47 | ) | 0.17 | (0.22 | ) | ||||||||||||||||
Total from investment operations | 0.83 | 1.17 | 1.00 | 0.03 | 0.67 | 0.30 | ||||||||||||||||||
Less distributions | ||||||||||||||||||||||||
From net investment income | (0.26 | ) | (0.54 | ) | (0.57 | ) | (0.55 | ) | (0.54 | ) | (0.56 | ) | ||||||||||||
From net realized gain | — | (0.10 | ) | — | — | — | — | |||||||||||||||||
Total distributions | (0.26 | ) | (0.64 | ) | (0.57 | ) | (0.55 | ) | (0.54 | ) | (0.56 | ) | ||||||||||||
Net asset value, end of period | $16.94 | $16.37 | $15.84 | $15.41 | $15.93 | $15.80 | ||||||||||||||||||
Total return (%)3 | 5.094 | 7.47 | 6.70 | 0.19 | 4.33 | 1.97 | ||||||||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Net assets, end of period (in millions) | $5,741 | $4,693 | $2,928 | $2,236 | $5,385 | $1,367 | ||||||||||||||||||
Ratios (as a percentage of average net assets): | ||||||||||||||||||||||||
Expenses before reductions | 0.48 | 5 | 0.49 | 0.50 | 0.51 | 0.57 | 0.61 | |||||||||||||||||
Expenses including reductions | 0.47 | 5 | 0.48 | 0.49 | 0.49 | 0.51 | 0.56 | |||||||||||||||||
Net investment income | 2.97 | 5 | 3.11 | 3.48 | 3.19 | 3.15 | 3.32 | |||||||||||||||||
Portfolio turnover (%) | 42 | 125 | 106 | 74 | 98 | 6 | 56 |
1 | Six months ended 11-30-20. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Excludes merger activity. |
48 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
|
CLASS R2 SHARES Period ended | 11-30-201 | 5-31-20 | 5-31-19 | 5-31-18 | 5-31-17 | 5-31-16 | ||||||||||||||||||
Per share operating performance | ||||||||||||||||||||||||
Net asset value, beginning of period | $16.39 | $15.85 | $15.42 | $15.95 | $15.81 | $16.08 | ||||||||||||||||||
Net investment income2 | 0.22 | 0.44 | 0.48 | 0.45 | 0.44 | 0.46 | ||||||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.57 | 0.67 | 0.47 | (0.49 | ) | 0.18 | (0.23 | ) | ||||||||||||||||
Total from investment operations | 0.79 | 1.11 | 0.95 | (0.04 | ) | 0.62 | 0.23 | |||||||||||||||||
Less distributions | ||||||||||||||||||||||||
From net investment income | (0.23 | ) | (0.47 | ) | (0.52 | ) | (0.49 | ) | (0.48 | ) | (0.50 | ) | ||||||||||||
From net realized gain | — | (0.10 | ) | — | — | — | — | |||||||||||||||||
Total distributions | (0.23 | ) | (0.57 | ) | (0.52 | ) | (0.49 | ) | (0.48 | ) | (0.50 | ) | ||||||||||||
Net asset value, end of period | $16.95 | $16.39 | $15.85 | $15.42 | $15.95 | $15.81 | ||||||||||||||||||
Total return (%)3 | 4.824 | 7.12 | 6.29 | (0.27 | ) | 3.97 | 1.55 | |||||||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Net assets, end of period (in millions) | $111 | $105 | $86 | $83 | $56 | $56 | ||||||||||||||||||
Ratios (as a percentage of average net assets): | ||||||||||||||||||||||||
Expenses before reductions | 0.86 | 5 | 0.87 | 0.88 | 0.92 | 0.98 | 1.03 | |||||||||||||||||
Expenses including reductions | 0.86 | 5 | 0.87 | 0.88 | 0.89 | 0.92 | 0.97 | |||||||||||||||||
Net investment income | 2.58 | 5 | 2.73 | 3.11 | 2.84 | 2.75 | 2.92 | |||||||||||||||||
Portfolio turnover (%) | 42 | 125 | 106 | 74 | 98 | 6 | 56 |
1 | Six months ended 11-30-20. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Excludes merger activity. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 49 |
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CLASS R4 SHARES Period ended | 11-30-201 | 5-31-20 | 5-31-19 | 5-31-18 | 5-31-17 | 5-31-16 | ||||||||||||||||||
Per share operating performance | ||||||||||||||||||||||||
Net asset value, beginning of period | $16.39 | $15.86 | $15.43 | $15.95 | $15.81 | $16.08 | ||||||||||||||||||
Net investment income2 | 0.24 | 0.48 | 0.52 | 0.49 | 0.49 | 0.51 | ||||||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.58 | 0.66 | 0.47 | (0.48 | ) | 0.17 | (0.22 | ) | ||||||||||||||||
Total from investment operations | 0.82 | 1.14 | 0.99 | 0.01 | 0.66 | 0.29 | ||||||||||||||||||
Less distributions | ||||||||||||||||||||||||
From net investment income | (0.25 | ) | (0.51 | ) | (0.56 | ) | (0.53 | ) | (0.52 | ) | (0.56 | ) | ||||||||||||
From net realized gain | — | (0.10 | ) | — | — | — | — | |||||||||||||||||
Total distributions | (0.25 | ) | (0.61 | ) | (0.56 | ) | (0.53 | ) | (0.52 | ) | (0.56 | ) | ||||||||||||
Net asset value, end of period | $16.96 | $16.39 | $15.86 | $15.43 | $15.95 | $15.81 | ||||||||||||||||||
Total return (%)3 | 5.024 | 7.32 | 6.55 | 0.05 | 4.25 | 1.86 | ||||||||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Net assets, end of period (in millions) | $66 | $55 | $44 | $39 | $29 | $— | 5 | |||||||||||||||||
Ratios (as a percentage of average net assets): | ||||||||||||||||||||||||
Expenses before reductions | 0.72 | 6 | 0.72 | 0.74 | 0.76 | 0.82 | 0.82 | |||||||||||||||||
Expenses including reductions | 0.61 | 6 | 0.62 | 0.63 | 0.64 | 0.66 | 0.66 | |||||||||||||||||
Net investment income | 2.84 | 6 | 2.99 | 3.36 | 3.09 | 3.09 | 3.24 | |||||||||||||||||
Portfolio turnover (%) | 42 | 125 | 106 | 74 | 98 | 7 | 56 |
1 | Six months ended 11-30-20. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Less than $500,000. |
6 | Annualized. |
7 | Excludes merger activity. |
50 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
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CLASS R6 SHARES Period ended | 11-30-201 | 5-31-20 | 5-31-19 | 5-31-18 | 5-31-17 | 5-31-16 | ||||||||||||||||||
Per share operating performance | ||||||||||||||||||||||||
Net asset value, beginning of period | $16.40 | $15.86 | $15.43 | $15.96 | $15.81 | $16.08 | ||||||||||||||||||
Net investment income2 | 0.26 | 0.52 | 0.55 | 0.53 | 0.52 | 0.54 | ||||||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.58 | 0.67 | 0.47 | (0.49 | ) | 0.19 | (0.23 | ) | ||||||||||||||||
Total from investment operations | 0.84 | 1.19 | 1.02 | 0.04 | 0.71 | 0.31 | ||||||||||||||||||
Less distributions | ||||||||||||||||||||||||
From net investment income | (0.27 | ) | (0.55 | ) | (0.59 | ) | (0.57 | ) | (0.56 | ) | (0.58 | ) | ||||||||||||
From net realized gain | — | (0.10 | ) | — | — | — | — | |||||||||||||||||
Total distributions | (0.27 | ) | (0.65 | ) | (0.59 | ) | (0.57 | ) | (0.56 | ) | (0.58 | ) | ||||||||||||
Net asset value, end of period | $16.97 | $16.40 | $15.86 | $15.43 | $15.96 | $15.81 | ||||||||||||||||||
Total return (%)3 | 5.144 | 7.65 | 6.81 | 0.23 | 4.58 | 2.02 | ||||||||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Net assets, end of period (in millions) | $8,692 | $7,305 | $6,560 | $5,944 | $529 | $118 | ||||||||||||||||||
Ratios (as a percentage of average net assets): | ||||||||||||||||||||||||
Expenses before reductions | 0.37 | 5 | 0.37 | 0.39 | 0.42 | 0.48 | 0.52 | |||||||||||||||||
Expenses including reductions | 0.36 | 5 | 0.37 | 0.38 | 0.39 | 0.41 | 0.44 | |||||||||||||||||
Net investment income | 3.08 | 5 | 3.22 | 3.61 | 3.37 | 3.27 | 3.45 | |||||||||||||||||
Portfolio turnover (%) | 42 | 125 | 106 | 74 | 98 | 6 | 56 |
1 | Six months ended 11-30-20. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
6 | Excludes merger activity. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 51 |
|
CLASS NAV SHARES Period ended | 11-30-201 | 5-31-20 | 5-31-19 | 5-31-18 | 5-31-17 | 5-31-162 | ||||||||||||||||||
Per share operating performance | ||||||||||||||||||||||||
Net asset value, beginning of period | $16.39 | $15.86 | $15.43 | $15.95 | $15.81 | $15.78 | ||||||||||||||||||
Net investment income3 | 0.26 | 0.52 | 0.56 | 0.53 | 0.51 | 0.41 | ||||||||||||||||||
Net realized and unrealized gain (loss) on investments | 0.58 | 0.67 | 0.47 | (0.48 | ) | 0.19 | 0.06 | |||||||||||||||||
Total from investment operations | 0.84 | 1.19 | 1.03 | 0.05 | 0.70 | 0.47 | ||||||||||||||||||
Less distributions | ||||||||||||||||||||||||
From net investment income | (0.27 | ) | (0.56 | ) | (0.60 | ) | (0.57 | ) | (0.56 | ) | (0.44 | ) | ||||||||||||
From net realized gain | — | (0.10 | ) | — | — | — | — | |||||||||||||||||
Total distributions | (0.27 | ) | (0.66 | ) | (0.60 | ) | (0.57 | ) | (0.56 | ) | (0.44 | ) | ||||||||||||
Net asset value, end of period | $16.96 | $16.39 | $15.86 | $15.43 | $15.95 | $15.81 | ||||||||||||||||||
Total return (%)4 | 5.155 | 7.60 | 6.83 | 0.30 | 4.51 | 3.03 | 5 | |||||||||||||||||
Ratios and supplemental data | ||||||||||||||||||||||||
Net assets, end of period (in millions) | $4,140 | $3,739 | $4,461 | $1,959 | $1,862 | $2 | ||||||||||||||||||
Ratios (as a percentage of average net assets): | ||||||||||||||||||||||||
Expenses before reductions | 0.36 | 6 | 0.36 | 0.37 | 0.40 | 0.46 | 0.50 | 6 | ||||||||||||||||
Expenses including reductions | 0.35 | 6 | 0.35 | 0.37 | 0.38 | 0.41 | 0.44 | 6 | ||||||||||||||||
Net investment income | 3.09 | 6 | 3.23 | 3.63 | 3.34 | 3.28 | 3.44 | 6 | ||||||||||||||||
Portfolio turnover (%) | 42 | �� | 125 | 106 | 74 | 98 | 7 | 56 | 8 |
1 | Six months ended 11-30-20. Unaudited. |
2 | The inception date for Class NAV shares is 8-31-15. |
3 | Based on average daily shares outstanding. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Not annualized. |
6 | Annualized. |
7 | Excludes merger activity. |
8 | The portfolio turnover is shown for the period from 6-1-15 to 5-31-16. |
52 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Notes to financial statements (unaudited)
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Note 1 — Organization
John Hancock Bond Fund (the fund) is a series of John Hancock Sovereign Bond Fund (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective of the fund is to seek a high level of current income consistent with prudent investment risk.
The fund may offer multiple classes of shares. The shares currently outstanding are detailed in the Statement of assets and liabilities. Class A and Class C shares are offered to all investors. Class I shares are offered to institutions and certain investors. Class R2 and Class R4 shares are available only to certain retirement and 529 plans. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class NAV shares are offered to John Hancock affiliated funds of funds, retirement plans for employees of John Hancock and/or Manulife Financial Corporation, and certain 529 plans. Class C shares convert to Class A shares eight years after purchase (certain exclusions may apply). Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.
Note 2 — Significant accounting policies
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of US GAAP.
Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the fund:
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 fund’s Valuation Policies and Procedures.
In order to value the securities, the fund uses the following valuation techniques: 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. 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 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 fund’s Pricing Committee following procedures established 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.
SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 53 |
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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 fund’s own 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 November 30, 2020, by major security category or type:
Total value at 11-30-20 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |||||||||||||
Investments in securities: | ||||||||||||||||
Assets | ||||||||||||||||
U.S. Government and Agency obligations | $6,664,006,319 | — | $6,664,006,319 | — | ||||||||||||
Foreign government obligations | 95,822,691 | — | 95,822,691 | — | ||||||||||||
Corporate bonds | 11,661,929,630 | — | 11,661,929,630 | — | ||||||||||||
Municipal bonds | 57,936,020 | — | 57,936,020 | — | ||||||||||||
Collateralized mortgage obligations | 1,099,651,315 | — | 1,099,651,315 | — | ||||||||||||
Asset backed securities | 1,565,722,124 | — | 1,565,722,124 | — | ||||||||||||
Common stocks | 2,496,207 | $2,496,207 | — | — | ||||||||||||
Preferred securities | 53,206,597 | 50,943,877 | 2,262,720 | — | ||||||||||||
Warrants | 332,925 | — | — | $332,925 | ||||||||||||
Short-term investments | 688,263,698 | 120,010,703 | 568,252,995 | — | ||||||||||||
Total investments in securities | $21,889,367,526 | $173,450,787 | $21,715,583,814 | $332,925 |
Repurchase agreements. The fund may enter into repurchase agreements. When the fund enters into a repurchase agreement, it receives collateral that is held in a segregated account by the fund’s custodian, or for tri-party repurchase agreements, collateral is held at a third-party custodian bank in a segregated account for the benefit of the fund. The collateral amount is marked-to-market and monitored on a daily basis to ensure that the collateral held is in an amount not less than the principal amount of the repurchase agreement plus any accrued interest. Collateral received by the fund for repurchase agreements is disclosed in the Fund’s investments as part of the caption related to the repurchase agreement.
Repurchase agreements are typically governed by the terms and conditions of the Master Repurchase Agreement and/or Global Master Repurchase Agreement (collectively, MRA). Upon an event of default, the non-defaulting party may close out all transactions traded under the MRA and net amounts owed. Absent an event of default, assets and liabilities resulting from repurchase agreements are not offset in the Statement of assets and liabilities. In the event of a default by the counterparty, realization of the collateral proceeds could be delayed, during which time the collateral value may decline or the counterparty may have insufficient assets to pay claims resulting from close-out of the transactions.
54 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT |
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When-issued/delayed-delivery securities. The fund may purchase or sell debt securities on a when-issued or delayed-delivery basis, or in a” To Be Announced” (TBA) or ”forward commitment” transaction, with delivery or payment to occur at a later date beyond the normal settlement period. TBA securities resulting from these transactions are included in the portfolio or in a schedule to the portfolio (Sale Commitments Outstanding). At the time a fund enters into a commitment to purchase or sell a security, the transaction is recorded and the value of the security is reflected in its NAV. The price of such security and the date that the security will be delivered and paid for are fixed at the time the transaction is negotiated. The value of the security may vary with market fluctuations. No interest accrues until settlement takes place. At the time that the fund enters into this type of transaction, the fund is required to have sufficient cash and/or liquid securities to cover its commitments.
Certain risks may arise upon entering into when-issued or delayed-delivery securities transactions, including the potential inability of counterparties to meet the terms of their contracts, and the issuer’s failure to issue the securities due to political, economic or other factors. Additionally, losses may arise due to declines in the value of the securities purchased or increase in the value of securities sold prior to settlement date.
Mortgage and asset backed securities. The fund may invest in mortgage-related securities, such as mortgage-backed securities, and other asset-backed securities, which are debt obligations that represent interests in pools of mortgages or other income-bearing assets, such as consumer loans or receivables. Such securities often involve risks that are different from the risks associated with investing in other types of debt securities.
Mortgage-backed and other asset-backed securities are subject to changes in the payment patterns of borrowers of the underlying debt. When interest rates fall, borrowers are more likely to refinance or prepay their debt before its stated maturity. This may result in the fund having to reinvest the proceeds in lower yielding securities, effectively reducing the fund’s income. Conversely, if interest rates rise and borrowers repay their debt more slowly than expected, the time in which the mortgage-backed and other asset-backed securities are paid off could be extended, reducing the fund’s cash available for reinvestment in higher yielding securities. The timely payment of principal and interest of certain mortgage-related securities is guaranteed with the full faith and credit of the U.S. Government. Pools created and guaranteed by non-governmental issuers, including government-sponsored corporations (e.g. FNMA), may be supported by various forms of insurance or guarantees, but there can be no assurance that private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The fund is also subject to risks associated with securities with contractual cash flows including asset-backed and mortgage related securities such as collateralized mortgage obligations, mortgage pass-through securities and commercial mortgage-backed securities. The value, liquidity and related income of these securities are sensitive to changes in economic conditions, including real estate value, pre- payments, delinquencies and/or defaults, and may be adversely affected by shifts in the market’s perception of the issuers and changes in interest rates.
Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Interest income includes coupon interest and amortization/accretion of premiums/discounts on debt securities. Debt obligations may be placed in a non-accrual status and related interest income may be reduced by stopping current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful. Dividend income is recorded on the ex- date, except for dividends of certain foreign securities where the dividend may not be known until after the ex- date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Non- cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.
Securities lending. The fund may lend its securities to earn additional income. The fund receives collateral from the borrower in an amount not less than the market value of the loaned securities. The fund will invest its cash collateral in JHCT, an affiliate of the fund, which has a floating NAV and is registered with the Securities and Exchange Commission (SEC) as an investment company. JHCT invests in short-term money market investments.
SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 55 |
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The fund will receive the benefit of any gains and bear any losses generated by JHCT with respect to the cash collateral.
The fund has the right to recall loaned securities on demand. If a borrower fails to return loaned securities when due, then the lending agent is responsible and indemnifies the fund for the lent securities. The lending agent uses the collateral received from the borrower to purchase replacement securities of the same issue, type, class and series of the loaned securities. If the value of the collateral is less than the purchase cost of replacement securities, the lending agent is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any decrease in the value of JHCT.
Although the risk of loss on securities lent is mitigated by receiving collateral from the borrower and through lending agent indemnification, the fund could experience a delay in recovering securities or could experience a lower than expected return if the borrower fails to return the securities on a timely basis. The fund receives compensation for lending its securities by retaining a portion of the return on the investment of the collateral and compensation from fees earned from borrowers of the securities. Securities lending income received by the fund is net of fees retained by the securities lending agent. Net income received from JHCT is a component of securities lending income as recorded on the Statement of operations.
Obligations to repay collateral received by the fund are shown on the Statement of assets and liabilities as Payable upon return of securities loaned and are secured by the loaned securities. As of November 30, 2020, the fund loaned securities valued at $117,533,210 and received $119,987,355 of cash collateral.
Foreign taxes. The fund may be subject to withholding tax on income, capital gains or repatriations imposed by certain countries, a portion of which may be recoverable. Foreign taxes are accrued based upon the fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued based on gains realized by the fund as a result of certain foreign security sales. In certain circumstances, estimated taxes are accrued based on unrealized appreciation of such securities. Investment income is recorded net of foreign withholding taxes.
Overdraft. The fund may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the fund’s custodian agreement, the custodian may loan money to the fund to make properly authorized payments. The fund is obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.
Line of credit. Effective June 25, 2020, the fund and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, the fund can borrow up to an aggregate commitment amount of $850 million, subject to asset coverage and other limitations as specified in the agreement. Each participating fund paid an upfront fee in connection with this line of credit agreement, which is charged based on a combination of fixed and asset-based allocations and amortized over 365 days. Prior to June 25, 2020, the fund and other affiliated funds had a similar agreement that enabled them to participate in a $750 million unsecured committed line of credit. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of the line of credit, is charged to each participating fund based on a combination of fixed and asset-based allocations and is reflected in Other expenses on the Statement of operations. For the six months ended November 30, 2020, the fund had no borrowings under the line of credit. Commitment fees, including upfront fees, for the six months ended November 30, 2020 were $41,892.
56 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT |
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Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund’s relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the fund level and allocated daily to each class of shares based on the net assets of the class. Class- specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.
Federal income taxes. The fund intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.
As of May 31, 2020, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund’s federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.
Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex- date. The fund generally declares dividends daily and pays them monthly. Capital gain distributions, if any, are typically distributed annually.
Distributions paid by the fund with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class.
Such distributions, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. The final determination of tax characteristics of the fund’s distribution will occur at the end of the year and will subsequently be reported to shareholders.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book- tax differences are primarily attributable to amortization and accretion on debt securities.
Note 3 — Guarantees and indemnifications
Under the Trust’s organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the fund. Additionally, in the normal course of business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.
Note 4 — Fees and transactions with affiliates
John Hancock Investment Management LLC (the Advisor) serves as investment advisor for the fund. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the fund. The Advisor and the Distributor are indirect, principally owned subsidiaries of Manulife Financial Corporation.
Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor, equivalent on an annual basis, to the sum of: (a) 0.450% of the first $500 million of the fund’s aggregate average daily net assets, (b) 0.425% of the next $500 million of the fund’s aggregate average daily net assets, (c) 0.400% of the next $1 billion of the fund’s aggregate average daily net
SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 57 |
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assets, (d) 0.350% of the next $500 million of the fund’s aggregate average daily net assets; and (e) 0.300% of the fund’s aggregate average daily net assets in excess of $2.5 billion. Aggregate net assets include the net assets of the fund and certain assets of Multi-Asset High Income Fund, a series of John Hancock Funds II, as defined in the advisory agreement. The Advisor has a subadvisory agreement with Manulife Investment Management (US) LLC, an indirectly owned subsidiary of Manulife Financial Corporation and an affiliate of the Advisor. The fund is not responsible for payment of the subadvisory fees.
The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the six months ended November 30, 2020, this waiver amounted to 0.01% of the fund’s average daily net assets, on an annualized basis. This arrangement expires on July 31, 2022, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.
For the six months ended November 30, 2020, the expense reductions described above amounted to the following:
Class | Expense reduction | |||
Class A | $82,086 | |||
Class B | 61 | |||
Class C | 10,037 | |||
Class I | 190,840 | |||
Class R2 | 3,964 |
Class | Expense reduction | |||
Class R4 | $2,175 | |||
Class R6 | 291,199 | |||
Class NAV | 143,168 | |||
Total | $723,530 |
Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.
The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the six months ended November 30, 2020, were equivalent to a net annual effective rate of 0.31% of the fund’s average daily net assets.
Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the six months ended November 30, 2020, amounted to an annual rate of 0.02% of the fund’s average daily net assets.
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Distribution and service plans. The fund has a distribution agreement with the Distributor. The fund has adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the fund. In addition, under a service plan for certain classes as detailed below, the fund pays for certain other services. The fund may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the fund’s shares:
Class | Rule 12b-1 Fee | Service fee | ||||||
Class A | 0.30 | % | — | |||||
Class B | 1.00 | % | — | |||||
Class C | 1.00 | % | — | |||||
Class R2 | 0.25 | % | 0.25 | % | ||||
Class R4 | 0.25 | % | 0.10 | % |
Class B was redesignated during the period. Refer to Note 5 for further details.
The fund’s Distributor has contractually agreed to waive 0.10% of Rule12b-1 fees for Class R4 shares. The current waiver agreement expires on September 30, 2021, unless renewed by mutual agreement of the fund and the Distributor based upon a determination that this is appropriate under the circumstances at the time. This contractual waiver amounted to $29,905 for Class R4 shares for the six months ended November 30, 2020.
Sales charges. Class A shares are assessed up-front sales charges, which resulted in payments to the Distributor amounting to $1,384,708 for the six months ended November 30, 2020. Of this amount, $191,876 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $1,192,832 was paid as sales commissions to broker-dealers.
Class A and Class C shares may be subject to contingent deferred sales charges (CDSCs). Certain Class A shares that are acquired through purchases of $1 million or more and are redeemed within one year of purchase are subject to a 1.00% sales charge. Class C shares that are redeemed within one year of purchase are subject to a 1.00% CDSC. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the Distributor for providing distribution-related services in connection with the sale of these shares. During the six months ended November 30, 2020, CDSCs received by the Distributor amounted to $8,975 and $20,414 for Class A and Class C shares, respectively.
Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.
Class level expenses. Class level expenses for the six months ended November 30, 2020 were as follows:
Class | Distribution and service fees | Transfer agent fees | ||||||
Class A | $3,391,273 | $1,359,792 |
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Class | Distribution and service fees | Transfer agent fees | ||||||
Class B | $8,648 | $1,028 | ||||||
Class C | 1,387,019 | 166,851 | ||||||
Class I | — | 3,162,824 | ||||||
Class R2 | 269,884 | 6,534 | ||||||
Class R4 | 103,244 | 3,566 | ||||||
Class R6 | — | 479,627 | ||||||
Total | $5,160,068 | $5,180,222 |
Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to the fund based on its net assets relative to other funds within the John Hancock group of funds complex.
Note 5 — Fund share transactions
Transactions in fund shares for the six months ended November 30, 2020 and for the year ended May 31, 2020 were as follows:
Six Months Ended 11-30-20 | Year Ended 5-31-20 | |||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||
Class A shares | ||||||||||||||||
Sold | 20,637,746 | $346,040,518 | 41,005,801 | $662,731,784 | ||||||||||||
Distributions reinvested | 1,809,301 | 30,341,218 | 4,172,520 | 67,539,928 | ||||||||||||
Repurchased | (9,440,458) | (158,026,329) | (23,461,921) | (376,812,820) | ||||||||||||
Net increase | 13,006,589 | $218,355,407 | 21,716,400 | $353,458,892 | ||||||||||||
Class B shares | ||||||||||||||||
Sold | 3,729 | $63,012 | 6,768 | $110,103 | ||||||||||||
Distributions reinvested | 964 | 16,144 | 8,541 | 138,132 | ||||||||||||
Repurchased | (193,268) | (3,235,561) | (249,934) | (4,037,416) | ||||||||||||
Net decrease | (188,575) | $(3,156,405) | (234,625) | $(3,789,181) | ||||||||||||
Class C shares | ||||||||||||||||
Sold | 2,076,868 | $34,820,968 | 4,252,213 | $68,713,068 | ||||||||||||
Distributions reinvested | 163,213 | 2,736,791 | 455,710 | 7,373,911 | ||||||||||||
Repurchased | (3,483,783) | (58,392,445) | (3,674,490) | (59,119,885) | ||||||||||||
Net increase (decrease) | (1,243,702) | $(20,834,686) | 1,033,433 | $16,967,094 | ||||||||||||
Class I shares | ||||||||||||||||
Sold | 90,984,784 | $1,523,247,970 | 177,627,763 | $2,867,598,280 | ||||||||||||
Distributions reinvested | 4,517,720 | 75,773,251 | 8,777,670 | 142,128,546 | ||||||||||||
Repurchased | (43,284,969) | (724,732,330) | (84,570,992) | (1,357,062,414) | ||||||||||||
Net increase | 52,217,535 | $874,288,891 | 101,834,441 | $1,652,664,412 |
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Six Months Ended 11-30-20 | Year Ended 5-31-20 | |||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||
Class R2 shares | ||||||||||||||||
Sold | 1,005,778 | $16,844,229 | 2,997,214 | $48,532,943 | ||||||||||||
Distributions reinvested | 72,686 | 1,220,273 | 181,253 | 2,937,041 | ||||||||||||
Repurchased | (988,724) | (16,579,392) | (2,159,089) | (34,743,089) | ||||||||||||
Net increase | 89,740 | $1,485,110 | 1,019,378 | $16,726,895 | ||||||||||||
Class R4 shares | ||||||||||||||||
Sold | 835,637 | $14,016,674 | 1,271,936 | $20,533,594 | ||||||||||||
Distributions reinvested | 52,315 | 878,682 | 118,132 | 1,914,858 | ||||||||||||
Repurchased | (358,582) | (6,011,927) | (787,885) | (12,627,785) | ||||||||||||
Net increase | 529,370 | $8,883,429 | 602,183 | $9,820,667 | ||||||||||||
Class R6 shares | ||||||||||||||||
Sold | 91,030,033 | $1,528,015,482 | 142,587,889 | $2,308,830,647 | ||||||||||||
Distributions reinvested | 7,584,761 | 127,439,211 | 17,865,771 | 289,744,933 | ||||||||||||
Repurchased | (31,794,474) | (533,473,841) | (128,475,759) | (2,080,653,650) | ||||||||||||
Net increase | 66,820,320 | $1,121,980,852 | 31,977,901 | $517,921,930 | ||||||||||||
Class NAV shares | ||||||||||||||||
Sold | 17,716,128 | $297,702,112 | 14,828,777 | $240,437,607 | ||||||||||||
Distributions reinvested | 3,765,532 | 63,233,427 | 10,585,871 | 171,586,313 | ||||||||||||
Repurchased | (5,469,718) | (91,583,420) | (78,637,849) | (1,258,598,310) | ||||||||||||
Net increase (decrease) | 16,011,942 | $269,352,119 | (53,223,201) | $(846,574,390) | ||||||||||||
Total net increase | 147,243,219 | $2,470,354,717 | 104,725,910 | $1,717,196,319 |
Affiliates of the fund owned 100% of shares of Class NAV on November 30, 2020. Such concentration of shareholders’ capital could have a material effect on the fund if such shareholders redeem from the fund.
On June 25, 2020, the Board of Trustees approved redesignations of certain share classes. As a result of the redesignations, Class B was terminated, and shareholders in this class became shareholders of the respective class identified below, with the same or lower total net expenses. The following amount is included in the amount repurchased of the terminated class and the amount sold of the redesignated class.
Redesignation | Effective date | Amount | ||||||
Class B shares as Class A shares | October 14, 2020 | $1,763,175 |
Note 6 — Purchase and sale of securities
Purchases and sales of securities, other than short-term investments and U.S. Treasury obligations, amounted to $6,379,491,082 and $3,940,908,249, respectively, for the six months ended November 30, 2020. Purchases and sales of U.S. Treasury obligations aggregated $4,086,930,280 and $4,228,521,355, respectively, for the six months ended November 30, 2020.
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Note 7 — Investment by affiliated funds
Certain investors in the fund are affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the fund for the purpose of exercising management or control; however, this investment may represent a significant portion of the fund’s net assets. At November 30, 2020, funds within the John Hancock group of funds complex held 19.3% of the fund’s net assets. There were no affiliated funds with an ownership of 5% or more of the fund’s net assets.
Note 8 — 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* | 11,992,436 | $117,872,391 | $920,196,758 | $(918,010,013 | ) | $21,663 | $(70,096 | ) | $528,497 | — | $120,010,703 |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
Note 9 — Interfund trading
The fund is permitted to purchase or sell securities from or to certain other affiliated funds, as set forth in Rule 17a-7 of the 1940 Act, under specified conditions outlined in procedures adopted by the Board of Trustees of the Trust. The procedures have been designed to ensure that any purchase or sale of securities by the fund from or to another fund that is or could be considered an affiliate complies with Rule 17a-7 of the 1940 Act. Further, as defined under the procedures, each transaction is effected at the current market price. Pursuant to these procedures, for the six months ended November 30, 2020, the fund engaged in securities purchases amounting to $130,134,486.
Note 10 — LIBOR discontinuation risk
LIBOR (London Interbank Offered Rate) is a measure of the average interest rate at which major global banks can borrow from one another. Following allegations of rate manipulation and concerns regarding its thin liquidity, in July 2017, the U.K. Financial Conduct Authority, which regulates LIBOR, announced that it will stop encouraging banks to provide the quotations needed to sustain LIBOR after 2021. This event will likely cause LIBOR to cease to be published. Before then, it is expected that market participants will transition to the use of different reference or benchmark rates. However, although regulators have suggested alternative rates, there is currently no definitive information regarding the future utilization of LIBOR or of any replacement rate.
It is uncertain what impact the discontinuation of LIBOR will have on the use of LIBOR as a reference rate for securities in which the fund invests. It is expected that market participants will amend financial instruments referencing LIBOR to include fallback provisions and other measures that contemplate the discontinuation of LIBOR or other similar market disruption events, but neither the effect of the transition process nor the viability of such measures is known. In addition, there are obstacles to converting certain longer term securities and transactions to a new benchmark or benchmarks and the effectiveness of one alternative reference rate versus multiple alternative reference rates in new or existing financial instruments and products has not been determined. As market participants transition away from LIBOR, LIBOR’s usefulness may deteriorate, which could occur prior to the end of 2021. The transition process may lead to increased volatility and illiquidity in markets that currently rely on LIBOR to determine interest rates. LIBOR’s deterioration may adversely affect the liquidity and/or market value of securities that use LIBOR as a benchmark interest rate.
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Note 11 — Coronavirus (COVID-19) pandemic
The novel COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance.
Note 12 — New accounting pronouncement
In March 2020, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU), ASU 2020-04, which provides optional, temporary relief with respect to the financial reporting of contracts subject to certain types of modifications due to the planned discontinuation of the LIBOR and other IBOR-based reference rates as of the end of 2021. The temporary relief provided by ASU 2020-04 is effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management is currently evaluating the potential impact of ASU 2020-04 to the financial statements.
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CONTINUATION OF INVESTMENT ADVISORY AND SUBADVISORY AGREEMENTS
Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees
This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Sovereign Bond Fund (the Trust) of the Advisory Agreement (the Advisory Agreement) with John Hancock Investment Management LLC (the Advisor) and the Subadvisory Agreement (the Subadvisory Agreement) with Manulife Investment Management (US) LLC (the Subadvisor), for John Hancock Bond Fund (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 23-25, 2020 telephonic1 meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a telephonic meeting held on May 26-27, 2020.
Approval of Advisory and Subadvisory Agreements
At telephonic meetings held on June 23-25, 2020, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees), reapproved for an annual period the continuation of the Advisory Agreement between the Trust and the Advisor and the Subadvisory Agreement between the Advisor and the Subadvisor with respect to the fund.
In considering the Advisory Agreement and the Subadvisory Agreement, the Board received in advance of the meetings a variety of materials relating to the fund, the Advisor and the Subadvisor, including comparative performance, fee and expense information for a peer group of similar funds prepared by an independent third-party provider of fund data, performance information for an applicable benchmark index; and, with respect to the Subadvisor, comparative performance information for comparably managed accounts, as applicable, and other information provided by the Advisor and the Subadvisor regarding the nature, extent and quality of services provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor’s revenues and costs of providing services to the fund and any compensation paid to affiliates of the Advisor. At the meetings at which the renewal of the Advisory Agreement and Subadvisory Agreement are considered, particular focus is given to information concerning fund performance, comparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisor is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to the fund, including quarterly performance reports prepared by management containing reviews of investment results and prior presentations from the Subadvisor with respect to the fund. The information received and considered by the Board in connection with the May and June meetings and throughout the year was both written and oral. The Board noted the affiliation of the Subadvisor with the Advisor, noting any potential conflicts of interest. The Board also considered the nature, quality, and extent of non-advisory services, if any, to be provided to the fund by the Advisor’s affiliates, including distribution services. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the fund.
1On March 25, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pandemic, the Securities and Exchange Commission issued an exemptive order (the ”Order”) pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the “1940 Act”), that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board’s May and June meetings were held telephonically in reliance on the Order.
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Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from their independent legal counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.
Approval of Advisory Agreement
In approving the Advisory Agreement with respect to the fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets, and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board’s conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board’s ongoing regular review of fund performance and operations throughout the year.
Nature, extent, and quality of services. Among the information received by the Board from the Advisor relating to the nature, extent, and quality of services provided to the fund, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor’s compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust’s Chief Compliance Officer (CCO) regarding the fund’s compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the fund’s compliance programs, risk management programs, liquidity management programs and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the fund, including, but not limited to, general supervision of and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and third-party service providers. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the fund including entrepreneurial risk in sponsoring new funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.
In considering the nature, extent, and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor’s management and the quality of the performance of the Advisor’s duties, through Board meetings, discussions and reports during the preceding year and through each Trustee’s experience as a Trustee of the Trust and of the other trusts in the John Hancock group of funds complex (the John Hancock Fund Complex).
In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:
(a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
(b) | the background, qualifications and skills of the Advisor’s personnel; |
(c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
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(d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
(e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
(f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
(g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the fund.
Investment performance. In considering the fund’s performance, the Board noted that it reviews at its regularly scheduled meetings information about the fund’s performance results. In connection with the consideration of the Advisory Agreement, the Board:
(a) | reviewed information prepared by management regarding the fund’s performance; |
(b) | considered the comparative performance of an applicable benchmark index; |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent |
(d) | third-party provider of fund data; and |
(e) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
The Board noted that while it found the data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on the end date selected and the results of the performance comparisons may vary depending on the selection of the peer group. The Board noted that the fund outperformed its benchmark index and peer group median for the one-, three-, five- and ten-year periods ended December 31, 2019. The Board took into account management’s discussion of the fund’s performance, including the favorable performance relative to the benchmark index and peer group median for the one-, three-, five- and ten-year periods. The Board concluded that the fund’s performance has generally been in line with or outperformed the historical performance of comparable funds and the fund’s benchmark index.
Fees and expenses. The Board reviewed comparative information prepared by an independent third-party provider of fund data, including, among other data, the fund’s contractual and net management fees (and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the fund in light of the nature, extent and quality of the management and advisory and subadvisory services provided by the Advisor and the Subadvisor. The Board considered the fund’s ranking within a smaller group of peer funds chosen by the independent third-party provider, as well as the fund’s ranking within a broader group of funds. In comparing the fund’s contractual and net management fees to those of comparable funds, the Board noted that such fees include both advisory and administrative costs. The Board noted that net management fees and net total expenses for the fund are lower than the peer group median.
The Board took into account management’s discussion with respect to the overall management fee and the fees of the Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fee, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The
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Board also noted that the Advisor pays the subadvisory fee. In addition, the Board took into account that management had agreed to implement an overall fee waiver across the complex, including the fund, which is discussed further below. The Board also noted actions taken over the past several years to reduce the fund’s operating expenses. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to the fund and that the fund has breakpoints in its contractual management fee schedule that reduce management fees as assets increase. The Board also noted that the fund’s distributor, an affiliate of the Advisor, has agreed to waive a portion of its Rule 12b-1 fee for a share class of the fund. The Board noted that the fund has a voluntary fee waiver and/or expense reimbursement, which reduces certain expenses of the fund. The Board reviewed information provided by the Advisor concerning the investment advisory fee charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the John Hancock Fund Complex) having similar investment mandates, if any. The Board considered any differences between the Advisor’s and Subadvisor’s services to the fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fee paid with respect to the fund is reasonable in light of the nature, extent and quality of the services provided to the fund under the Advisory Agreement.
Profitability/Fall out benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates (including the Subadvisor) from the Advisor’s relationship with the Trust, the Board:
(a) | reviewed financial information of the Advisor; |
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
(d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
(f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
(g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
(h) | noted that the fund’s Subadvisor is an affiliate of the Advisor; |
(i) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
(j) | noted that the subadvisory fee for the fund is paid by the Advisor; |
(k) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
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(l) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
Based upon its review, the Board concluded that the level of profitability, if any, of the Advisor and its affiliates (including the Subadvisor) from their relationship with the fund was reasonable and not excessive.
Economies of scale. In considering the extent to which economies of scale would be realized as the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders, the Board:
(a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; |
(b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
(c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
Approval of Subadvisory Agreement
In making its determination with respect to approval of the Subadvisory Agreement, the Board reviewed:
(1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
(2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; and |
(3) | the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third-party provider of fund data. |
Nature, extent, and quality of services. With respect to the services provided by the Subadvisor, the Board received information provided to the Board by the Subadvisor, including the Subadvisor’s Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor’s current level of staffing and its overall resources, as well as received information relating to the Subadvisor’s compensation program. The Board reviewed the Subadvisor’s history and investment experience, as well as information regarding the qualifications, background, and responsibilities of the Subadvisor’s investment and compliance personnel who provide services to the fund. The Board also considered, among other things, the Subadvisor’s compliance program and any disciplinary history. The Board also considered the Subadvisor’s risk assessment and monitoring process. The Board reviewed the Subadvisor’s regulatory history, including whether it was involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular, periodic reviews of the Subadvisor and its operations, including regarding investment processes and organizational and staffing matters. The Board also noted that the Trust’s CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and
68 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT |
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present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.
The Board considered the Subadvisor’s investment process and philosophy. The Board took into account that the Subadvisor’s responsibilities include the development and maintenance of an investment program for the fund that is consistent with the fund’s investment objective, the selection of investment securities and the placement of orders for the purchase and sale of such securities, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to the Subadvisor’s brokerage policies and practices, including with respect to best execution and soft dollars.
Subadvisor compensation. In considering the cost of services to be provided by the Subadvisor and the profitability to the Subadvisor of its relationship with the fund, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the fund. The Board also received information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.
In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor’s relationship with the fund, such as the opportunity to provide advisory services to additional funds in the John Hancock Fund Complex and reputational benefits.
Subadvisory fees. The Board considered that the fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. As noted above, the Board also considered the fund’s subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the fund as included in the report prepared by the independent third-party provider of fund data, to the extent available. The Board also noted that the limited size of the Lipper peer group was not sufficient for comparative purposes. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the fund and compared them to fees charged by the Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.
Subadvisor performance. As noted above, the Board considered the fund’s performance as compared to the fund’s peer group median and the benchmark index and noted that the Board reviews information about the fund’s performance results at its regularly scheduled meetings. The Board noted the Advisor’s expertise and resources in monitoring the performance, investment style and risk-adjusted performance of the Subadvisor. The Board was mindful of the Advisor’s focus on the Subadvisor’s performance. The Board also noted the Subadvisor’s long-term performance record for similar accounts, as applicable.
The Board’s decision to approve the Subadvisory Agreement was based on a number of determinations, including the following:
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
(2) | the performance of the fund has generally been in line with or outperformed the historical performance of comparable funds and the fund’s benchmark index; |
(3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
(4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
***
SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 69 |
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Based on the Board’s evaluation of all factors that the Board deemed to be material, including those factors described above, the Board, including the Independent Trustees, concluded that renewal of the Advisory Agreement and the Subadvisory Agreement would be in the best interest of the fund and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement for an additional one-year period.
70 | JOHN HANCOCK BOND FUND | SEMIANNUAL REPORT |
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Trustees |
Investment advisor | |
Hassell H. McClellan, Chairperson | John Hancock Investment Management LLC | |
Steven R. Pruchansky, Vice Chairperson | ||
Andrew G. Arnott† | Subadvisor | |
Charles L. Bardelis* | Manulife Investment Management (US) LLC | |
James R. Boyle | ||
Peter S. Burgess* | Portfolio Managers | |
William H. Cunningham | Jeffrey N. Given, CFA | |
Grace K. Fey | Howard C. Greene, CFA | |
Marianne Harrison† | ||
Deborah C. Jackson | Principal distributor | |
James M. Oates* | John Hancock Investment Management | |
Frances G. Rathke*,1 | Distributors LLC | |
Gregory A. Russo | ||
Officers
Andrew G. Arnott
President
Charles A. Rizzo
Chief Financial Officer
Salvatore Schiavone | Custodian
State Street Bank and Trust Company
Transfer agent
John Hancock Signature Services, Inc.
Legal counsel | |
Treasurer | K&L Gates LLP | |
Christopher (Kit) Sechler | ||
Secretary and Chief Legal Officer | ||
Trevor Swanberg2 | ||
Chief Compliance Officer |
* Member of the Audit Committee
† Non-Independent Trustee
1 Appointed as Independent Trustee effective as of September 15, 2020
2 Effective July 31, 2020
The fund’s proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.
All of the fund’s holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The fund’s Form N-PORT filings are available on our website and the SEC’s website, sec.gov.
We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.
You can also contact us: | ||||
800-225-5291 | Regular mail: | Express mail: | ||
jhinvestments.com | John Hancock Signature Services, Inc. | John Hancock Signature Services, Inc. | ||
P.O. Box 219909 | 430 W 7th Street | |||
Kansas City, MO 64121-9909 | Suite 219909 | |||
Kansas City, MO 64105-1407
|
SEMIANNUAL REPORT | JOHN HANCOCK BOND FUND | 71 |
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John Hancock family of funds
|
DOMESTIC EQUITY FUNDS
Blue Chip Growth
Classic Value
Disciplined Value
Disciplined Value Mid Cap
Equity Income
Financial Industries
Fundamental All Cap Core
Fundamental Large Cap Core
New Opportunities
Regional Bank
Small Cap Core
Small Cap Growth
Small Cap Value
U.S. Global Leaders Growth
U.S. Growth
GLOBAL AND INTERNATIONAL EQUITY FUNDS
Disciplined Value International
Emerging Markets
Emerging Markets Equity
Fundamental Global Franchise
Global Equity
Global Shareholder Yield
Global Thematic Opportunities
International Dynamic Growth
International Growth
International Small Company
INCOME FUNDS
Bond
California Tax-Free Income
Emerging Markets Debt
Floating Rate Income
Government Income
High Yield
High Yield Municipal Bond
Income
Investment Grade Bond
Money Market
Short Duration Bond
Short Duration Credit Opportunities
Strategic Income Opportunities
Tax-Free Bond
ALTERNATIVE AND SPECIALTY FUNDS
Absolute Return Currency
Alternative Asset Allocation
Alternative Risk Premia
Diversified Macro
Infrastructure
Multi-Asset Absolute Return
Real Estate Securities
Seaport Long/Short
A fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investment Management at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.
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ASSET ALLOCATION
Balanced
Multi-Asset High Income
Multi-Index Lifetime Portfolios
Multi-Index Preservation Portfolios
Multimanager Lifestyle Portfolios
Multimanager Lifetime Portfolios
Retirement Income 2040
EXCHANGE-TRADED FUNDS
John Hancock Multifactor Consumer Discretionary ETF
John Hancock Multifactor Consumer Staples ETF
John Hancock Multifactor Developed International ETF
John Hancock Multifactor Emerging Markets ETF
John Hancock Multifactor Energy ETF
John Hancock Multifactor Financials ETF
John Hancock Multifactor Healthcare ETF
John Hancock Multifactor Industrials ETF
John Hancock Multifactor Large Cap ETF
John Hancock Multifactor Materials ETF
John Hancock Multifactor Media and Communications ETF
John Hancock Multifactor Mid Cap ETF
John Hancock Multifactor Small Cap ETF
John Hancock Multifactor Technology ETF
John Hancock Multifactor Utilities ETF
ENVIRONMENTAL, SOCIAL, AND
GOVERNANCE FUNDS
ESG All Cap Core
ESG Core Bond
ESG International Equity
ESG Large Cap Core
CLOSED-END FUNDS
Financial Opportunities
Hedged Equity & Income
Income Securities Trust
Investors Trust
Preferred Income
Preferred Income II
Preferred Income III
Premium Dividend
Tax-Advantaged Dividend Income
Tax-Advantaged Global Shareholder Yield
John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.
John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC or Dimensional Fund Advisors LP.
Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.
John Hancock Investment Management
A trusted brand
John Hancock Investment Management is a premier asset manager with a heritage of financial stewardship dating back to 1862. Helping our shareholders pursue their financial goals is at the core of everything we do. It’s why we support the role of professional financial advice and operate with the highest standards of conduct and integrity.
A better way to invest
We serve investors globally through a unique multimanager approach: We search the world to find proven portfolio teams with specialized expertise for every strategy we offer, then we apply robust investment oversight to ensure they continue to meet our uncompromising standards and serve the best interests of our shareholders.
Results for investors
Our unique approach to asset management enables us to provide a diverse set of investments backed by some of the world’s best managers, along with strong risk-adjusted returns across asset classes.
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John Hancock Investment Management Distributors LLC ◾ Member FINRA, SIPC 200 Berkeley Street ◾ Boston, MA 02116-5010 ◾ 800-225-5291 ◾ jhinvestments.com
This report is for the information of the shareholders of John Hancock Bond Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.
A company of Manulife Investment Management | ||
21SA 11/20 | ||
MF1438815 | 1/2021 |
ITEM 2. CODE OF ETHICS.
Not applicable at this time.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Not applicable at this time.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
Not applicable at this time.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
Not applicable at this time.
ITEM 6. SCHEDULE OF INVESTMENTS.
Not applicable.
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
(a) The registrant has adopted procedures by which shareholders may recommend nominees to the registrant’s Board of Trustees. A copy of the procedures is filed as an exhibit to this Form N-CSR. See attached “John Hancock Funds – Nominating and Governance Committee Charter”.
ITEM 11. CONTROLS AND .PROCEDURES.
(a) EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES. The registrant maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in this Form N-CSR is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission. Such disclosure and procedures include controls and procedures designed to ensure that such information is accumulated and communicated to the registrant’s management, including its principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.
Within 90 days prior to the filing date of this Form N-CSR, the registrant had carried out an evaluation, under the supervision and with the participation of the registrant’s management, including the registrant’s principal executive officer and the registrant’s principal financial officer, of the effectiveness of the design and operation of the registrant’s disclosure controls and
procedures relating to information required to be disclosed on Form N-CSR. Based on such evaluation, the registrant’s principal executive officer and principal financial officer concluded that the registrant’s disclosure controls and procedures are operating effectively to ensure that:
(i) information required to be disclosed in this Form N-CSR is recorded, processed, summarized and reported within the periods specified in the rules and forms of the Securities and Exchange Commission, and
(ii) information is accumulated and communicated to the registrant’s management, including its principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.
(b) CHANGE IN REGISTRANT’S INTERNAL CONTROL: Not applicable.
ITEM 12. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 13. EXHIBITS.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
John Hancock Sovereign Bond Fund | ||
By: | /s/ Andrew Arnott | |
Andrew Arnott | ||
President | ||
Date: | January 7, 2021 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Andrew Arnott | |
Andrew Arnott | ||
President | ||
Date: | January 7, 2021 | |
By: | /s/ Charles A. Rizzo | |
Charles A. Rizzo | ||
Chief Financial Officer | ||
Date: | January 7, 2021 |