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- 02402
John Hancock Sovereign Bond Fund
(Exact name of registrant as specified in charter) 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: 617-543-9634
Date of fiscal year end: | May 31 |
Date of reporting period: | May 31, 2023 |
ITEM 1. REPORT TO STOCKHOLDERS
United States and Europe
Manulife Investment Management
John Hancock Investment Management
ANNUAL REPORT | JOHN HANCOCK BOND FUND | 1 |
2 | JOHN HANCOCK BOND FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK BOND FUND | 3 |
4 | JOHN HANCOCK BOND FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK BOND FUND | 5 |
6 | JOHN HANCOCK BOND FUND | ANNUAL REPORT |
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 | 5-year | 10-year | as of 5-31-23 | as of 5-31-23 | ||
Class A | -6.57 | 0.16 | 1.33 | 0.79 | 14.12 | 4.09 | 4.09 | |
Class C | -4.28 | 0.27 | 1.03 | 1.37 | 10.83 | 3.56 | 3.55 | |
Class I1 | -2.44 | 1.27 | 2.05 | 6.54 | 22.50 | 4.57 | 4.56 | |
Class R21 | -2.81 | 0.88 | 1.66 | 4.50 | 17.84 | 4.17 | 4.16 | |
Class R41,2 | -2.64 | 1.12 | 1.88 | 5.74 | 20.43 | 4.44 | 4.33 | |
Class R61 | -2.32 | 1.39 | 2.17 | 7.14 | 23.95 | 4.69 | 4.68 | |
Class NAV1,2 | -2.38 | 1.38 | 2.07 | 7.12 | 22.71 | 4.70 | 4.69 | |
Index†† | -2.14 | 0.81 | 1.39 | 4.13 | 14.86 | — | — |
Class A | Class C | Class I | Class R2 | Class R4 | Class R6 | Class NAV | |
Gross (%) | 0.76 | 1.46 | 0.46 | 0.86 | 0.71 | 0.36 | 0.35 |
Net (%) | 0.76 | 1.46 | 0.46 | 0.85 | 0.60 | 0.35 | 0.34 |
ANNUAL REPORT | JOHN HANCOCK BOND FUND | 7 |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |
Class C3 | 5-31-13 | 11,083 | 11,083 | 11,486 |
Class I1 | 5-31-13 | 12,250 | 12,250 | 11,486 |
Class R21 | 5-31-13 | 11,784 | 11,784 | 11,486 |
Class R41,2 | 5-31-13 | 12,043 | 12,043 | 11,486 |
Class R61 | 5-31-13 | 12,395 | 12,395 | 11,486 |
Class NAV1,2 | 5-31-13 | 12,271 | 12,271 | 11,486 |
1 | For certain types of investors, as described in the fund’s prospectuses. |
2 | Class R4 and Class NAV shares were first offered on 3-27-15 and 8-31-15, respectively. 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. |
8 | JOHN HANCOCK BOND FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK BOND FUND | 9 |
Account value on 12-1-2022 | Ending value on 5-31-2023 | Expenses paid during period ended 5-31-20231 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,021.40 | $3.88 | 0.77% |
Hypothetical example | 1,000.00 | 1,021.10 | 3.88 | 0.77% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,017.90 | 7.40 | 1.47% |
Hypothetical example | 1,000.00 | 1,017.60 | 7.39 | 1.47% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,022.90 | 2.37 | 0.47% |
Hypothetical example | 1,000.00 | 1,022.60 | 2.37 | 0.47% | |
Class R2 | Actual expenses/actual returns | 1,000.00 | 1,020.20 | 4.33 | 0.86% |
Hypothetical example | 1,000.00 | 1,020.60 | 4.33 | 0.86% | |
Class R4 | Actual expenses/actual returns | 1,000.00 | 1,021.40 | 3.07 | 0.61% |
Hypothetical example | 1,000.00 | 1,021.90 | 3.07 | 0.61% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,022.70 | 1.87 | 0.37% |
Hypothetical example | 1,000.00 | 1,023.10 | 1.87 | 0.37% | |
Class NAV | Actual expenses/actual returns | 1,000.00 | 1,022.80 | 1.82 | 0.36% |
Hypothetical example | 1,000.00 | 1,023.10 | 1.82 | 0.36% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period). |
10 | JOHN HANCOCK BOND FUND | ANNUAL REPORT |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government and Agency obligations 47.1% | $10,206,823,459 | ||||
(Cost $10,573,083,752) | |||||
U.S. Government 18.2% | 3,934,770,047 | ||||
U.S. Treasury | |||||
Bond | 2.250 | 02-15-52 | 107,041,000 | 77,203,321 | |
Bond | 2.500 | 02-15-45 | 46,172,000 | 35,855,444 | |
Bond | 3.000 | 08-15-52 | 951,035,000 | 808,268,297 | |
Bond | 3.375 | 08-15-42 | 483,509,000 | 441,787,463 | |
Bond | 3.375 | 11-15-48 | 107,040,000 | 96,979,912 | |
Bond | 3.625 | 02-15-53 | 404,647,000 | 388,650,798 | |
Bond | 3.875 | 05-15-43 | 454,981,000 | 446,734,469 | |
Bond | 4.000 | 11-15-42 | 594,814,000 | 595,185,759 | |
Note | 3.375 | 05-15-33 | 512,865,000 | 501,886,484 | |
Note | 3.625 | 05-31-28 | 6,000 | 5,966 | |
Note | 3.750 | 05-31-30 | 540,523,000 | 542,212,134 | |
U.S. Government Agency 28.9% | 6,272,053,412 | ||||
Federal Home Loan Mortgage Corp. | |||||
15 Yr Pass Thru | 4.500 | 11-01-37 | 19,464,221 | 19,175,677 | |
15 Yr Pass Thru | 4.500 | 12-01-37 | 12,896,405 | 12,705,224 | |
15 Yr Pass Thru | 4.500 | 01-01-38 | 13,717,314 | 13,513,965 | |
15 Yr Pass Thru | 4.500 | 02-01-38 | 43,611,639 | 42,965,127 | |
30 Yr Pass Thru | 2.000 | 09-01-50 | 123,642,045 | 102,867,857 | |
30 Yr Pass Thru | 2.000 | 03-01-52 | 65,284,010 | 54,049,853 | |
30 Yr Pass Thru | 2.500 | 09-01-50 | 28,102,950 | 24,234,137 | |
30 Yr Pass Thru | 2.500 | 08-01-51 | 63,507,200 | 54,744,591 | |
30 Yr Pass Thru | 2.500 | 11-01-51 | 47,550,939 | 40,923,075 | |
30 Yr Pass Thru | 2.500 | 12-01-51 | 15,804,598 | 13,512,781 | |
30 Yr Pass Thru | 3.000 | 03-01-43 | 3,270,322 | 3,001,205 | |
30 Yr Pass Thru | 3.000 | 12-01-45 | 11,233,361 | 10,229,598 | |
30 Yr Pass Thru | 3.000 | 05-01-46 | 1,949,742 | 1,775,521 | |
30 Yr Pass Thru | 3.000 | 10-01-46 | 4,559,799 | 4,139,531 | |
30 Yr Pass Thru | 3.000 | 10-01-46 | 3,438,071 | 3,133,009 | |
30 Yr Pass Thru | 3.000 | 10-01-46 | 6,213,007 | 5,642,308 | |
30 Yr Pass Thru | 3.000 | 10-01-46 | 46,375,384 | 42,144,535 | |
30 Yr Pass Thru | 3.000 | 12-01-46 | 35,052,049 | 31,678,973 | |
30 Yr Pass Thru | 3.000 | 12-01-46 | 8,322,515 | 7,571,050 | |
30 Yr Pass Thru | 3.000 | 04-01-47 | 23,162,375 | 21,013,069 | |
30 Yr Pass Thru | 3.000 | 09-01-49 | 12,327,136 | 11,054,333 | |
30 Yr Pass Thru | 3.000 | 10-01-49 | 15,342,668 | 13,769,293 | |
30 Yr Pass Thru | 3.000 | 12-01-49 | 14,128,433 | 12,631,010 | |
30 Yr Pass Thru | 3.000 | 01-01-50 | 12,702,660 | 11,392,076 | |
30 Yr Pass Thru | 3.000 | 02-01-50 | 8,018,184 | 7,190,916 | |
30 Yr Pass Thru | 3.000 | 06-01-51 | 77,485,151 | 69,266,719 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BOND FUND | 11 |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency (continued) | |||||
30 Yr Pass Thru | 3.500 | 06-01-42 | 2,341,632 | $2,197,940 | |
30 Yr Pass Thru | 3.500 | 04-01-44 | 3,496,647 | 3,275,395 | |
30 Yr Pass Thru | 3.500 | 05-01-45 | 5,559,950 | 5,213,270 | |
30 Yr Pass Thru | 3.500 | 08-01-46 | 33,847,948 | 31,822,043 | |
30 Yr Pass Thru | 3.500 | 09-01-46 | 7,130,131 | 6,665,492 | |
30 Yr Pass Thru | 3.500 | 10-01-46 | 1,317,178 | 1,240,399 | |
30 Yr Pass Thru | 3.500 | 10-01-46 | 13,215,127 | 12,312,658 | |
30 Yr Pass Thru | 3.500 | 11-01-46 | 4,048,254 | 3,784,447 | |
30 Yr Pass Thru | 3.500 | 11-01-46 | 4,576,064 | 4,286,442 | |
30 Yr Pass Thru | 3.500 | 12-01-46 | 5,974,858 | 5,602,307 | |
30 Yr Pass Thru | 3.500 | 01-01-47 | 4,047,505 | 3,801,455 | |
30 Yr Pass Thru | 3.500 | 02-01-47 | 5,693,242 | 5,359,600 | |
30 Yr Pass Thru | 3.500 | 04-01-47 | 7,480,904 | 7,028,473 | |
30 Yr Pass Thru | 3.500 | 09-01-47 | 19,887,309 | 18,609,985 | |
30 Yr Pass Thru | 3.500 | 03-01-52 | 26,720,473 | 24,690,903 | |
30 Yr Pass Thru | 3.500 | 03-01-52 | 44,264,303 | 40,694,693 | |
30 Yr Pass Thru | 3.500 | 04-01-52 | 87,611,728 | 80,861,297 | |
30 Yr Pass Thru | 4.000 | 01-01-41 | 5,366,622 | 5,181,655 | |
30 Yr Pass Thru | 4.000 | 03-01-42 | 2,840,914 | 2,741,284 | |
30 Yr Pass Thru | 4.000 | 11-01-43 | 2,311,838 | 2,229,029 | |
30 Yr Pass Thru | 4.000 | 01-01-47 | 5,653,418 | 5,472,286 | |
30 Yr Pass Thru | 4.000 | 03-01-47 | 16,411,906 | 15,809,147 | |
30 Yr Pass Thru | 4.000 | 04-01-47 | 6,468,780 | 6,267,589 | |
30 Yr Pass Thru | 4.000 | 05-01-47 | 5,450,829 | 5,281,298 | |
30 Yr Pass Thru | 4.000 | 10-01-47 | 8,182,394 | 7,917,678 | |
30 Yr Pass Thru | 4.000 | 03-01-48 | 2,155,594 | 2,079,121 | |
30 Yr Pass Thru | 4.000 | 07-01-48 | 16,866,925 | 16,247,455 | |
30 Yr Pass Thru | 4.000 | 08-01-48 | 8,004,937 | 7,703,436 | |
30 Yr Pass Thru | 4.000 | 05-01-52 | 2,586,055 | 2,471,002 | |
30 Yr Pass Thru | 4.500 | 06-01-52 | 26,334,004 | 25,659,039 | |
30 Yr Pass Thru | 4.500 | 07-01-52 | 21,961,704 | 21,350,764 | |
30 Yr Pass Thru | 4.500 | 08-01-52 | 13,521,401 | 13,164,271 | |
30 Yr Pass Thru | 4.500 | 08-01-52 | 66,216,512 | 64,498,630 | |
30 Yr Pass Thru | 4.500 | 08-01-52 | 54,506,014 | 53,074,910 | |
30 Yr Pass Thru | 4.500 | 08-01-52 | 34,126,818 | 33,049,489 | |
30 Yr Pass Thru | 4.500 | 09-01-52 | 33,318,705 | 32,337,169 | |
30 Yr Pass Thru | 4.500 | 09-01-52 | 37,368,176 | 36,457,107 | |
30 Yr Pass Thru | 4.500 | 10-01-52 | 42,328,716 | 41,455,436 | |
30 Yr Pass Thru | 4.500 | 10-01-52 | 34,270,102 | 33,252,506 | |
30 Yr Pass Thru | 4.500 | 03-01-53 | 52,491,026 | 50,833,968 | |
30 Yr Pass Thru | 5.000 | 08-01-52 | 42,860,710 | 42,637,997 | |
30 Yr Pass Thru | 5.000 | 10-01-52 | 53,287,466 | 52,860,702 | |
30 Yr Pass Thru | 5.000 | 10-01-52 | 40,093,144 | 39,659,288 | |
30 Yr Pass Thru | 5.000 | 11-01-52 | 42,924,858 | 42,299,392 |
12 | JOHN HANCOCK BOND FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency (continued) | |||||
30 Yr Pass Thru | 5.000 | 12-01-52 | 20,113,519 | $19,895,867 | |
30 Yr Pass Thru | 5.000 | 12-01-52 | 39,960,191 | 39,640,162 | |
30 Yr Pass Thru | 5.000 | 12-01-52 | 4,941,996 | 4,888,517 | |
30 Yr Pass Thru | 5.000 | 12-01-52 | 33,236,542 | 33,053,452 | |
30 Yr Pass Thru | 5.000 | 01-01-53 | 64,937,418 | 63,991,202 | |
30 Yr Pass Thru | 5.000 | 01-01-53 | 39,624,189 | 39,343,998 | |
30 Yr Pass Thru | 5.000 | 04-01-53 | 42,201,234 | 41,744,566 | |
30 Yr Pass Thru | 5.500 | 11-01-39 | 2,071,017 | 2,142,735 | |
30 Yr Pass Thru | 5.500 | 09-01-52 | 44,895,077 | 45,213,958 | |
30 Yr Pass Thru | 5.500 | 11-01-52 | 46,880,227 | 46,959,028 | |
30 Yr Pass Thru | 5.500 | 03-01-53 | 108,960,832 | 109,462,357 | |
Federal National Mortgage Association | |||||
15 Yr Pass Thru (A) | 2.500 | 01-01-36 | 71,658,890 | 66,637,451 | |
15 Yr Pass Thru | 4.500 | 11-01-37 | 37,547,373 | 37,084,628 | |
15 Yr Pass Thru | 4.500 | 11-01-37 | 24,450,347 | 24,087,888 | |
15 Yr Pass Thru | 4.500 | 02-01-38 | 37,554,009 | 36,997,297 | |
30 Yr Pass Thru | 2.000 | 09-01-50 | 19,850,653 | 16,515,370 | |
30 Yr Pass Thru | 2.500 | 08-01-50 | 26,821,199 | 23,170,748 | |
30 Yr Pass Thru | 2.500 | 08-01-50 | 29,198,824 | 25,261,270 | |
30 Yr Pass Thru | 2.500 | 09-01-50 | 119,577,530 | 103,452,117 | |
30 Yr Pass Thru | 2.500 | 09-01-50 | 11,874,930 | 10,295,824 | |
30 Yr Pass Thru | 2.500 | 09-01-50 | 64,442,205 | 55,671,414 | |
30 Yr Pass Thru | 2.500 | 08-01-51 | 5,439,327 | 4,687,118 | |
30 Yr Pass Thru | 2.500 | 08-01-51 | 43,260,620 | 37,251,041 | |
30 Yr Pass Thru | 2.500 | 10-01-51 | 22,435,132 | 19,318,540 | |
30 Yr Pass Thru | 2.500 | 11-01-51 | 46,886,357 | 40,504,974 | |
30 Yr Pass Thru | 2.500 | 11-01-51 | 44,904,483 | 38,547,265 | |
30 Yr Pass Thru | 2.500 | 01-01-52 | 52,471,553 | 45,092,242 | |
30 Yr Pass Thru | 2.500 | 02-01-52 | 132,476,719 | 113,804,523 | |
30 Yr Pass Thru | 2.500 | 03-01-52 | 1,094,915 | 939,906 | |
30 Yr Pass Thru | 3.000 | 07-01-42 | 1,930,145 | 1,771,882 | |
30 Yr Pass Thru | 3.000 | 10-01-42 | 3,121,010 | 2,858,347 | |
30 Yr Pass Thru | 3.000 | 10-01-42 | 1,793,684 | 1,641,350 | |
30 Yr Pass Thru | 3.000 | 04-01-43 | 1,493,731 | 1,366,996 | |
30 Yr Pass Thru | 3.000 | 12-01-45 | 15,732,338 | 14,265,264 | |
30 Yr Pass Thru | 3.000 | 08-01-46 | 22,874,651 | 20,748,690 | |
30 Yr Pass Thru | 3.000 | 08-01-46 | 17,803,149 | 16,148,532 | |
30 Yr Pass Thru | 3.000 | 09-01-46 | 2,301,667 | 2,094,944 | |
30 Yr Pass Thru | 3.000 | 10-01-46 | 1,685,290 | 1,533,926 | |
30 Yr Pass Thru | 3.000 | 10-01-46 | 13,391,679 | 12,088,473 | |
30 Yr Pass Thru | 3.000 | 01-01-47 | 16,314,781 | 14,793,393 | |
30 Yr Pass Thru | 3.000 | 02-01-47 | 9,375,621 | 8,518,904 | |
30 Yr Pass Thru | 3.000 | 10-01-47 | 19,758,791 | 17,903,893 | |
30 Yr Pass Thru | 3.000 | 11-01-47 | 20,585,898 | 18,672,653 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BOND FUND | 13 |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency (continued) | |||||
30 Yr Pass Thru | 3.000 | 11-01-48 | 36,117,945 | $32,603,141 | |
30 Yr Pass Thru | 3.000 | 11-01-48 | 12,363,273 | 11,194,917 | |
30 Yr Pass Thru | 3.000 | 09-01-49 | 16,899,661 | 15,154,735 | |
30 Yr Pass Thru | 3.000 | 09-01-49 | 30,642,432 | 27,287,021 | |
30 Yr Pass Thru | 3.000 | 10-01-49 | 7,545,617 | 6,745,883 | |
30 Yr Pass Thru | 3.000 | 10-01-49 | 31,441,741 | 28,264,094 | |
30 Yr Pass Thru | 3.000 | 11-01-49 | 21,290,039 | 18,920,479 | |
30 Yr Pass Thru | 3.000 | 11-01-49 | 20,571,793 | 18,462,176 | |
30 Yr Pass Thru | 3.000 | 11-01-49 | 16,458,875 | 14,760,747 | |
30 Yr Pass Thru | 3.000 | 11-01-49 | 17,901,119 | 16,003,842 | |
30 Yr Pass Thru | 3.000 | 12-01-49 | 18,980,772 | 17,022,450 | |
30 Yr Pass Thru | 3.000 | 01-01-50 | 17,068,095 | 15,301,778 | |
30 Yr Pass Thru | 3.000 | 01-01-52 | 40,292,603 | 35,968,618 | |
30 Yr Pass Thru | 3.000 | 02-01-52 | 17,275,654 | 15,398,781 | |
30 Yr Pass Thru | 3.000 | 02-01-52 | 37,524,657 | 33,400,972 | |
30 Yr Pass Thru | 3.500 | 11-01-40 | 874,097 | 820,727 | |
30 Yr Pass Thru | 3.500 | 06-01-42 | 1,000,422 | 936,624 | |
30 Yr Pass Thru | 3.500 | 08-01-42 | 2,079,745 | 1,948,527 | |
30 Yr Pass Thru | 3.500 | 06-01-43 | 8,913,823 | 8,356,548 | |
30 Yr Pass Thru | 3.500 | 07-01-43 | 2,757,485 | 2,585,092 | |
30 Yr Pass Thru | 3.500 | 07-01-43 | 2,784,126 | 2,604,361 | |
30 Yr Pass Thru | 3.500 | 01-01-45 | 1,877,490 | 1,768,327 | |
30 Yr Pass Thru | 3.500 | 04-01-45 | 5,887,045 | 5,513,479 | |
30 Yr Pass Thru | 3.500 | 04-01-45 | 1,507,315 | 1,411,668 | |
30 Yr Pass Thru | 3.500 | 04-01-45 | 6,864,959 | 6,429,338 | |
30 Yr Pass Thru | 3.500 | 01-01-46 | 16,656,339 | 15,667,067 | |
30 Yr Pass Thru | 3.500 | 02-01-46 | 10,790,816 | 10,079,101 | |
30 Yr Pass Thru | 3.500 | 07-01-46 | 7,071,248 | 6,596,021 | |
30 Yr Pass Thru | 3.500 | 07-01-46 | 3,788,105 | 3,537,075 | |
30 Yr Pass Thru | 3.500 | 08-01-46 | 17,662,003 | 16,535,731 | |
30 Yr Pass Thru | 3.500 | 02-01-47 | 19,815,281 | 18,533,121 | |
30 Yr Pass Thru | 3.500 | 03-01-47 | 23,113,039 | 21,682,501 | |
30 Yr Pass Thru | 3.500 | 05-01-47 | 14,002,119 | 13,148,611 | |
30 Yr Pass Thru | 3.500 | 07-01-47 | 26,690,497 | 25,046,880 | |
30 Yr Pass Thru | 3.500 | 08-01-47 | 18,148,992 | 16,997,336 | |
30 Yr Pass Thru | 3.500 | 11-01-47 | 22,099,899 | 20,628,474 | |
30 Yr Pass Thru | 3.500 | 12-01-47 | 10,741,817 | 10,013,193 | |
30 Yr Pass Thru | 3.500 | 01-01-48 | 16,916,530 | 15,769,072 | |
30 Yr Pass Thru | 3.500 | 03-01-48 | 4,370,965 | 4,101,798 | |
30 Yr Pass Thru | 3.500 | 03-01-48 | 9,450,584 | 8,777,059 | |
30 Yr Pass Thru | 3.500 | 03-01-49 | 2,793,894 | 2,604,382 | |
30 Yr Pass Thru | 3.500 | 06-01-49 | 17,139,802 | 15,966,486 | |
30 Yr Pass Thru | 3.500 | 06-01-49 | 52,269,038 | 48,674,596 | |
30 Yr Pass Thru | 3.500 | 09-01-49 | 5,111,069 | 4,742,420 |
14 | JOHN HANCOCK BOND FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency (continued) | |||||
30 Yr Pass Thru | 3.500 | 12-01-49 | 23,495,323 | $21,800,665 | |
30 Yr Pass Thru | 3.500 | 02-01-50 | 24,976,118 | 23,159,043 | |
30 Yr Pass Thru | 3.500 | 02-01-52 | 24,824,867 | 23,088,616 | |
30 Yr Pass Thru | 3.500 | 02-01-52 | 35,831,977 | 32,875,190 | |
30 Yr Pass Thru | 3.500 | 04-01-52 | 33,381,408 | 30,783,313 | |
30 Yr Pass Thru | 3.500 | 04-01-52 | 22,452,830 | 20,708,820 | |
30 Yr Pass Thru (A) | 4.000 | TBA | 292,136,000 | 275,977,228 | |
30 Yr Pass Thru | 4.000 | 09-01-40 | 2,510,247 | 2,421,913 | |
30 Yr Pass Thru | 4.000 | 09-01-40 | 3,476,799 | 3,355,026 | |
30 Yr Pass Thru | 4.000 | 11-01-40 | 1,211,985 | 1,169,569 | |
30 Yr Pass Thru | 4.000 | 12-01-40 | 1,480,950 | 1,428,842 | |
30 Yr Pass Thru | 4.000 | 01-01-41 | 2,320,424 | 2,238,506 | |
30 Yr Pass Thru | 4.000 | 09-01-41 | 3,175,694 | 3,061,189 | |
30 Yr Pass Thru | 4.000 | 09-01-41 | 1,346,680 | 1,299,068 | |
30 Yr Pass Thru | 4.000 | 10-01-41 | 997,830 | 961,843 | |
30 Yr Pass Thru | 4.000 | 01-01-42 | 1,479,157 | 1,426,250 | |
30 Yr Pass Thru | 4.000 | 05-01-42 | 1,999,754 | 1,926,986 | |
30 Yr Pass Thru | 4.000 | 09-01-43 | 3,949,038 | 3,841,529 | |
30 Yr Pass Thru | 4.000 | 10-01-43 | 3,941,901 | 3,824,732 | |
30 Yr Pass Thru | 4.000 | 10-01-43 | 1,440,712 | 1,393,385 | |
30 Yr Pass Thru | 4.000 | 01-01-44 | 2,919,253 | 2,832,481 | |
30 Yr Pass Thru | 4.000 | 12-01-45 | 7,426,944 | 7,164,409 | |
30 Yr Pass Thru | 4.000 | 02-01-46 | 3,613,268 | 3,469,734 | |
30 Yr Pass Thru | 4.000 | 04-01-46 | 4,667,022 | 4,481,629 | |
30 Yr Pass Thru | 4.000 | 06-01-46 | 2,769,767 | 2,658,875 | |
30 Yr Pass Thru | 4.000 | 07-01-46 | 5,117,361 | 4,912,479 | |
30 Yr Pass Thru | 4.000 | 10-01-46 | 1,731,951 | 1,662,610 | |
30 Yr Pass Thru | 4.000 | 01-01-47 | 6,638,765 | 6,439,359 | |
30 Yr Pass Thru | 4.000 | 03-01-47 | 7,385,057 | 7,105,539 | |
30 Yr Pass Thru | 4.000 | 04-01-47 | 7,940,467 | 7,701,962 | |
30 Yr Pass Thru | 4.000 | 11-01-47 | 2,118,112 | 2,041,253 | |
30 Yr Pass Thru | 4.000 | 12-01-47 | 5,209,776 | 5,020,731 | |
30 Yr Pass Thru | 4.000 | 12-01-47 | 2,773,200 | 2,659,571 | |
30 Yr Pass Thru | 4.000 | 09-01-48 | 2,458,829 | 2,365,764 | |
30 Yr Pass Thru | 4.000 | 10-01-48 | 7,048,844 | 6,771,038 | |
30 Yr Pass Thru | 4.000 | 10-01-48 | 8,966,878 | 8,627,490 | |
30 Yr Pass Thru | 4.000 | 01-01-49 | 5,765,292 | 5,505,643 | |
30 Yr Pass Thru | 4.000 | 01-01-49 | 4,859,914 | 4,636,484 | |
30 Yr Pass Thru | 4.000 | 02-01-49 | 5,870,552 | 5,606,162 | |
30 Yr Pass Thru | 4.000 | 07-01-49 | 10,481,665 | 10,065,291 | |
30 Yr Pass Thru | 4.000 | 07-01-49 | 14,972,560 | 14,345,036 | |
30 Yr Pass Thru | 4.000 | 08-01-49 | 30,123,422 | 28,936,210 | |
30 Yr Pass Thru | 4.000 | 02-01-50 | 23,749,637 | 22,672,613 | |
30 Yr Pass Thru | 4.000 | 03-01-51 | 95,850,853 | 91,564,010 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BOND FUND | 15 |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency (continued) | |||||
30 Yr Pass Thru | 4.000 | 08-01-51 | 52,822,580 | $50,608,701 | |
30 Yr Pass Thru | 4.000 | 10-01-51 | 106,666,743 | 101,704,500 | |
30 Yr Pass Thru | 4.000 | 04-01-52 | 10,156,453 | 9,656,987 | |
30 Yr Pass Thru | 4.000 | 06-01-52 | 2,803,482 | 2,675,471 | |
30 Yr Pass Thru | 4.000 | 07-01-52 | 37,909,898 | 36,069,289 | |
30 Yr Pass Thru (6 month LIBOR + 2.122%) (B) | 4.372 | 07-01-33 | 256 | 260 | |
30 Yr Pass Thru (A) | 4.500 | TBA | 221,932,000 | 214,736,543 | |
30 Yr Pass Thru (A) | 4.500 | TBA | 2,000,000 | 1,933,906 | |
30 Yr Pass Thru | 4.500 | 06-01-52 | 41,090,007 | 40,036,833 | |
30 Yr Pass Thru | 4.500 | 06-01-52 | 95,088,993 | 92,443,769 | |
30 Yr Pass Thru | 4.500 | 07-01-52 | 77,406,511 | 75,277,375 | |
30 Yr Pass Thru | 4.500 | 08-01-52 | 47,111,832 | 45,624,587 | |
30 Yr Pass Thru | 4.500 | 08-01-52 | 10,620,003 | 10,339,506 | |
30 Yr Pass Thru | 4.500 | 08-01-52 | 76,672,144 | 74,251,727 | |
30 Yr Pass Thru | 4.500 | 09-01-52 | 63,856,932 | 62,539,506 | |
30 Yr Pass Thru | 4.500 | 09-01-52 | 171,992,359 | 166,616,583 | |
30 Yr Pass Thru | 4.500 | 09-01-52 | 50,911,340 | 49,574,617 | |
30 Yr Pass Thru | 4.500 | 10-01-52 | 16,239,512 | 15,904,476 | |
30 Yr Pass Thru | 4.500 | 12-01-52 | 43,263,379 | 42,019,302 | |
30 Yr Pass Thru | 4.500 | 03-01-53 | 16,270,595 | 15,802,719 | |
30 Yr Pass Thru | 4.500 | 03-01-53 | 34,843,093 | 33,827,539 | |
30 Yr Pass Thru | 5.000 | 06-01-52 | 25,954,958 | 25,617,318 | |
30 Yr Pass Thru | 5.000 | 07-01-52 | 69,233,214 | 68,310,944 | |
30 Yr Pass Thru | 5.000 | 07-01-52 | 45,854,837 | 45,258,325 | |
30 Yr Pass Thru | 5.000 | 08-01-52 | 31,720,294 | 31,461,298 | |
30 Yr Pass Thru | 5.000 | 10-01-52 | 45,193,036 | 44,718,116 | |
30 Yr Pass Thru | 5.000 | 10-01-52 | 43,868,836 | 43,243,324 | |
30 Yr Pass Thru | 5.000 | 11-01-52 | 42,151,212 | 41,813,635 | |
30 Yr Pass Thru | 5.000 | 12-01-52 | 39,593,443 | 39,177,367 | |
30 Yr Pass Thru | 5.000 | 01-01-53 | 7,946,626 | 7,902,850 | |
30 Yr Pass Thru | 5.000 | 01-01-53 | 34,323,044 | 33,924,811 | |
30 Yr Pass Thru | 5.000 | 01-01-53 | 82,577,283 | 81,374,033 | |
30 Yr Pass Thru | 5.000 | 04-01-53 | 9,472,516 | 9,370,012 | |
30 Yr Pass Thru | 5.000 | 04-01-53 | 34,661,312 | 34,286,235 | |
30 Yr Pass Thru | 5.000 | 05-01-53 | 79,875,443 | 79,210,783 | |
30 Yr Pass Thru | 5.000 | 05-01-53 | 34,857,770 | 34,440,808 | |
30 Yr Pass Thru | 5.500 | 10-01-52 | 47,686,079 | 47,905,569 | |
30 Yr Pass Thru | 5.500 | 12-01-52 | 39,881,395 | 40,164,665 | |
30 Yr Pass Thru | 5.500 | 12-01-52 | 73,147,645 | 73,667,198 | |
30 Yr Pass Thru | 5.500 | 12-01-52 | 2,053,353 | 2,067,938 | |
30 Yr Pass Thru | 5.500 | 12-01-52 | 48,324,266 | 48,546,692 | |
30 Yr Pass Thru | 5.500 | 12-01-52 | 28,238,298 | 28,668,305 | |
30 Yr Pass Thru | 5.500 | 12-01-52 | 26,758,022 | 26,881,184 |
16 | JOHN HANCOCK BOND FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency (continued) | |||||
30 Yr Pass Thru | 5.500 | 12-01-52 | 1,819,232 | $1,829,311 | |
30 Yr Pass Thru | 5.500 | 12-01-52 | 28,513,522 | 28,593,528 | |
30 Yr Pass Thru | 5.500 | 04-01-53 | 15,911,161 | 15,954,564 | |
30 Yr Pass Thru | 5.500 | 04-01-53 | 28,209,359 | 28,233,416 | |
30 Yr Pass Thru | 7.000 | 09-01-31 | 98 | 103 | |
30 Yr Pass Thru | 7.000 | 09-01-31 | 30 | 31 | |
30 Yr Pass Thru | 7.000 | 09-01-31 | 1,220 | 1,283 | |
30 Yr Pass Thru | 7.000 | 01-01-32 | 47 | 49 | |
30 Yr Pass Thru | 7.000 | 06-01-32 | 19 | 20 | |
30 Yr Pass Thru | 7.500 | 09-01-29 | 25 | 26 | |
30 Yr Pass Thru | 7.500 | 12-01-29 | 29 | 30 | |
30 Yr Pass Thru | 7.500 | 01-01-31 | 13 | 13 | |
30 Yr Pass Thru | 7.500 | 05-01-31 | 92 | 97 | |
30 Yr Pass Thru | 7.500 | 08-01-31 | 23 | 23 | |
Government National Mortgage Association | |||||
30 Yr Pass Thru | 5.000 | 04-15-35 | 1,328 | 1,332 | |
30 Yr Pass Thru | 5.000 | 04-15-35 | 722 | 723 | |
30 Yr Pass Thru | 5.500 | 03-15-35 | 866 | 887 | |
30 Yr Pass Thru | 6.000 | 03-15-33 | 1,273 | 1,312 | |
30 Yr Pass Thru | 6.000 | 06-15-33 | 404 | 415 | |
30 Yr Pass Thru | 6.500 | 09-15-28 | 60 | 61 | |
30 Yr Pass Thru | 6.500 | 09-15-29 | 66 | 68 | |
30 Yr Pass Thru | 6.500 | 08-15-31 | 92 | 95 | |
30 Yr Pass Thru | 7.000 | 04-15-29 | 329 | 338 | |
30 Yr Pass Thru | 8.000 | 10-15-26 | 158 | 161 | |
Foreign government obligations 0.2% | $37,558,204 | ||||
(Cost $45,745,209) | |||||
Argentina 0.1% | 9,997,301 | ||||
Republic of Argentina Bond (3.500% to 7-9-29, then 4.875% thereafter) | 3.500 | 07-09-41 | 38,840,000 | 9,997,301 | |
Qatar 0.1% | 27,560,903 | ||||
State of Qatar Bond (C) | 5.103 | 04-23-48 | 27,813,000 | 27,560,903 | |
Corporate bonds 39.6% | $8,583,927,174 | ||||
(Cost $9,581,573,035) | |||||
Communication services 3.3% | 717,868,505 | ||||
Diversified telecommunication services 0.8% | |||||
AT&T, Inc. | 3.500 | 06-01-41 | 36,461,000 | 27,824,570 | |
AT&T, Inc. | 3.650 | 06-01-51 | 40,554,000 | 29,414,736 | |
C&W Senior Financing DAC (C) | 6.875 | 09-15-27 | 18,344,000 | 15,779,509 | |
Connect Finco SARL (C) | 6.750 | 10-01-26 | 22,977,000 | 22,152,553 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BOND FUND | 17 |
Rate (%) | Maturity date | Par value^ | Value | ||
Communication services (continued) | |||||
Diversified telecommunication services (continued) | |||||
GCI LLC (C) | 4.750 | 10-15-28 | 19,046,000 | $16,080,223 | |
Kenbourne Invest SA (C) | 4.700 | 01-22-28 | 2,933,000 | 2,006,201 | |
Kenbourne Invest SA (C) | 6.875 | 11-26-24 | 5,127,000 | 4,163,278 | |
Telesat Canada (C) | 5.625 | 12-06-26 | 8,065,000 | 4,879,325 | |
Total Play Telecomunicaciones SA de CV (C) | 6.375 | 09-20-28 | 17,481,000 | 10,349,890 | |
Total Play Telecomunicaciones SA de CV (C) | 7.500 | 11-12-25 | 30,937,000 | 21,081,402 | |
Verizon Communications, Inc. | 4.016 | 12-03-29 | 10,797,000 | 10,168,669 | |
Entertainment 0.6% | |||||
Netflix, Inc. | 4.875 | 04-15-28 | 40,575,000 | 40,241,831 | |
Netflix, Inc. (C)(D) | 4.875 | 06-15-30 | 18,644,000 | 18,324,273 | |
Netflix, Inc. (C) | 5.375 | 11-15-29 | 6,259,000 | 6,301,574 | |
Netflix, Inc. | 5.875 | 11-15-28 | 32,460,000 | 33,593,308 | |
WarnerMedia Holdings, Inc. | 5.050 | 03-15-42 | 10,477,000 | 8,476,644 | |
WarnerMedia Holdings, Inc. | 5.141 | 03-15-52 | 19,440,000 | 15,171,733 | |
WMG Acquisition Corp. (C) | 3.875 | 07-15-30 | 18,861,000 | 16,109,369 | |
Interactive media and services 0.1% | |||||
Match Group Holdings II LLC (C)(D) | 3.625 | 10-01-31 | 5,958,000 | 4,853,446 | |
Match Group Holdings II LLC (C) | 4.125 | 08-01-30 | 14,047,000 | 11,922,110 | |
Meta Platforms, Inc. | 4.800 | 05-15-30 | 10,925,000 | 10,960,746 | |
Media 1.0% | |||||
Charter Communications Operating LLC | 4.200 | 03-15-28 | 40,895,000 | 38,244,004 | |
Charter Communications Operating LLC | 4.800 | 03-01-50 | 41,047,000 | 30,050,732 | |
Charter Communications Operating LLC | 5.750 | 04-01-48 | 46,207,000 | 38,244,534 | |
Charter Communications Operating LLC | 6.484 | 10-23-45 | 32,727,000 | 29,618,729 | |
Globo Comunicacao e Participacoes SA (C) | 4.875 | 01-22-30 | 25,650,000 | 20,866,275 | |
LCPR Senior Secured Financing DAC (C) | 5.125 | 07-15-29 | 8,324,000 | 6,899,722 | |
News Corp. (C) | 3.875 | 05-15-29 | 15,978,000 | 14,029,283 | |
Sirius XM Radio, Inc. (C) | 4.000 | 07-15-28 | 15,524,000 | 12,999,057 | |
Sirius XM Radio, Inc. (C) | 5.000 | 08-01-27 | 26,970,000 | 24,452,720 | |
Stagwell Global LLC (C) | 5.625 | 08-15-29 | 9,706,000 | 8,329,945 | |
Wireless telecommunication services 0.8% | |||||
Millicom International Cellular SA (C) | 5.125 | 01-15-28 | 3,690,000 | 3,178,297 | |
Millicom International Cellular SA (C) | 6.250 | 03-25-29 | 14,440,500 | 12,716,217 | |
MTN Mauritius Investments, Ltd. (C) | 4.755 | 11-11-24 | 12,421,000 | 12,117,311 | |
T-Mobile USA, Inc. | 2.875 | 02-15-31 | 3,484,000 | 2,976,876 | |
T-Mobile USA, Inc. | 3.375 | 04-15-29 | 29,308,000 | 26,525,457 | |
T-Mobile USA, Inc. | 3.875 | 04-15-30 | 51,041,000 | 47,355,750 | |
T-Mobile USA, Inc. | 5.750 | 01-15-54 | 26,389,000 | 26,770,317 | |
Vodafone Group PLC | 5.625 | 02-10-53 | 12,888,000 | 12,307,792 | |
Vodafone Group PLC (7.000% to 1-4-29, then 5 Year U.S. Swap Rate + 4.873%) | 7.000 | 04-04-79 | 20,093,000 | 20,330,097 |
18 | JOHN HANCOCK BOND FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary 4.4% | $947,859,443 | ||||
Automobile components 0.0% | |||||
Dealer Tire LLC (C) | 8.000 | 02-01-28 | 7,968,000 | 7,294,784 | |
Automobiles 1.6% | |||||
Ford Motor Company | 3.250 | 02-12-32 | 12,651,000 | 9,613,147 | |
Ford Motor Credit Company LLC | 2.900 | 02-16-28 | 4,515,000 | 3,812,085 | |
Ford Motor Credit Company LLC | 4.000 | 11-13-30 | 13,199,000 | 11,090,994 | |
Ford Motor Credit Company LLC | 4.125 | 08-17-27 | 29,632,000 | 26,767,463 | |
Ford Motor Credit Company LLC | 5.113 | 05-03-29 | 38,435,000 | 35,188,161 | |
Ford Motor Credit Company LLC | 6.800 | 05-12-28 | 65,728,000 | 65,046,302 | |
General Motors Company | 5.400 | 10-15-29 | 27,779,000 | 27,199,094 | |
General Motors Company | 5.400 | 04-01-48 | 11,218,000 | 9,414,672 | |
General Motors Financial Company, Inc. | 2.400 | 10-15-28 | 54,508,000 | 46,298,854 | |
General Motors Financial Company, Inc. | 3.600 | 06-21-30 | 68,640,000 | 59,472,682 | |
Hyundai Capital America (C) | 1.800 | 10-15-25 | 11,799,000 | 10,822,398 | |
Hyundai Capital America (C) | 2.375 | 10-15-27 | 10,962,000 | 9,654,647 | |
Nissan Motor Acceptance Company LLC (C) | 1.125 | 09-16-24 | 13,599,000 | 12,630,615 | |
Nissan Motor Acceptance Company LLC (C) | 1.850 | 09-16-26 | 13,377,000 | 11,289,572 | |
Nissan Motor Acceptance Company LLC (C) | 2.000 | 03-09-26 | 12,989,000 | 11,274,021 | |
Broadline retail 0.3% | |||||
eBay, Inc. | 2.700 | 03-11-30 | 33,149,000 | 28,698,341 | |
Macy’s Retail Holdings LLC (C) | 5.875 | 04-01-29 | 8,087,000 | 7,148,888 | |
Macy’s Retail Holdings LLC (C) | 5.875 | 03-15-30 | 7,187,000 | 6,229,314 | |
Macy’s Retail Holdings LLC (C)(D) | 6.125 | 03-15-32 | 13,210,000 | 11,195,475 | |
Distributors 0.1% | |||||
LKQ Corp. (C) | 5.750 | 06-15-28 | 7,767,000 | 7,727,032 | |
Diversified consumer services 0.1% | |||||
GEMS MENASA Cayman, Ltd. (C) | 7.125 | 07-31-26 | 7,957,000 | 7,691,634 | |
Service Corp. International | 4.000 | 05-15-31 | 9,864,000 | 8,421,390 | |
Sotheby’s (C) | 7.375 | 10-15-27 | 8,763,000 | 7,678,751 | |
Hotels, restaurants and leisure 1.6% | |||||
Affinity Interactive (C) | 6.875 | 12-15-27 | 10,775,000 | 9,430,280 | |
Booking Holdings, Inc. | 4.625 | 04-13-30 | 25,193,000 | 25,037,695 | |
Caesars Entertainment, Inc. (C) | 7.000 | 02-15-30 | 6,738,000 | 6,768,900 | |
CCM Merger, Inc. (C) | 6.375 | 05-01-26 | 8,345,000 | 8,060,230 | |
Choice Hotels International, Inc. | 3.700 | 12-01-29 | 16,003,000 | 14,079,078 | |
Choice Hotels International, Inc. (D) | 3.700 | 01-15-31 | 12,352,000 | 10,644,987 | |
Expedia Group, Inc. | 2.950 | 03-15-31 | 14,198,000 | 11,857,342 | |
Expedia Group, Inc. | 4.625 | 08-01-27 | 26,562,000 | 25,869,389 | |
Expedia Group, Inc. | 5.000 | 02-15-26 | 8,222,000 | 8,175,735 | |
Full House Resorts, Inc. (C)(D) | 8.250 | 02-15-28 | 9,403,000 | 8,815,313 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BOND FUND | 19 |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary (continued) | |||||
Hotels, restaurants and leisure (continued) | |||||
Hilton Grand Vacations Borrower Escrow LLC (C) | 4.875 | 07-01-31 | 13,024,000 | $11,054,179 | |
Hilton Grand Vacations Borrower Escrow LLC (C) | 5.000 | 06-01-29 | 16,411,000 | 14,596,234 | |
Hyatt Hotels Corp. | 5.750 | 04-23-30 | 12,540,000 | 12,635,647 | |
Jacobs Entertainment, Inc. (C) | 6.750 | 02-15-29 | 7,277,000 | 6,388,551 | |
Marriott International, Inc. | 4.625 | 06-15-30 | 23,846,000 | 22,863,485 | |
MGM Resorts International | 4.750 | 10-15-28 | 29,156,000 | 26,571,254 | |
Midwest Gaming Borrower LLC (C) | 4.875 | 05-01-29 | 16,228,000 | 14,306,280 | |
Mohegan Tribal Gaming Authority (C) | 8.000 | 02-01-26 | 15,155,000 | 13,363,982 | |
New Red Finance, Inc. (C) | 4.000 | 10-15-30 | 36,442,000 | 31,284,495 | |
Resorts World Las Vegas LLC (C) | 4.625 | 04-16-29 | 19,445,000 | 15,775,896 | |
Resorts World Las Vegas LLC (C) | 4.625 | 04-06-31 | 8,500,000 | 6,471,417 | |
Travel + Leisure Company (C) | 4.625 | 03-01-30 | 9,653,000 | 8,173,002 | |
Travel + Leisure Company | 6.600 | 10-01-25 | 9,936,000 | 9,963,125 | |
Wyndham Hotels & Resorts, Inc. (C) | 4.375 | 08-15-28 | 9,122,000 | 8,369,435 | |
Yum! Brands, Inc. | 3.625 | 03-15-31 | 13,902,000 | 11,877,797 | |
Yum! Brands, Inc. (C) | 4.750 | 01-15-30 | 12,209,000 | 11,464,689 | |
Household durables 0.2% | |||||
Brookfield Residential Properties, Inc. (C) | 5.000 | 06-15-29 | 9,654,000 | 7,414,337 | |
Century Communities, Inc. (C) | 3.875 | 08-15-29 | 14,250,000 | 12,200,518 | |
KB Home | 4.000 | 06-15-31 | 15,888,000 | 13,491,181 | |
KB Home | 7.250 | 07-15-30 | 4,121,000 | 4,164,551 | |
MDC Holdings, Inc. | 2.500 | 01-15-31 | 10,454,000 | 8,116,377 | |
Specialty retail 0.5% | |||||
Asbury Automotive Group, Inc. (C) | 4.625 | 11-15-29 | 3,401,000 | 2,997,801 | |
Asbury Automotive Group, Inc. | 4.750 | 03-01-30 | 14,462,000 | 12,666,946 | |
AutoNation, Inc. | 4.750 | 06-01-30 | 22,078,000 | 20,538,302 | |
Group 1 Automotive, Inc. (C) | 4.000 | 08-15-28 | 8,738,000 | 7,651,434 | |
Lithia Motors, Inc. (C) | 3.875 | 06-01-29 | 7,350,000 | 6,332,277 | |
Lithia Motors, Inc. (C) | 4.375 | 01-15-31 | 7,350,000 | 6,271,856 | |
Lithia Motors, Inc. (C)(D) | 4.625 | 12-15-27 | 3,675,000 | 3,401,715 | |
The Michaels Companies, Inc. (C) | 5.250 | 05-01-28 | 22,229,000 | 17,116,330 | |
The Michaels Companies, Inc. (C) | 7.875 | 05-01-29 | 20,540,000 | 12,620,600 | |
Valvoline, Inc. (C) | 3.625 | 06-15-31 | 21,112,000 | 17,316,485 | |
Consumer staples 1.2% | 266,225,084 | ||||
Beverages 0.1% | |||||
Anheuser-Busch Companies LLC | 4.900 | 02-01-46 | 11,018,000 | 10,463,737 | |
Anheuser-Busch InBev Worldwide, Inc. | 4.600 | 04-15-48 | 19,890,000 | 18,278,565 | |
Consumer staples distribution and retail 0.0% | |||||
Dollar Tree, Inc. | 4.200 | 05-15-28 | 7,032,000 | 6,760,175 |
20 | JOHN HANCOCK BOND FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer staples (continued) | |||||
Food products 0.9% | |||||
Coruripe Netherlands BV (C) | 10.000 | 02-10-27 | 19,573,000 | $12,859,461 | |
JBS USA LUX SA (C) | 3.625 | 01-15-32 | 17,668,000 | 14,295,297 | |
JBS USA LUX SA (C) | 3.750 | 12-01-31 | 5,619,000 | 4,560,751 | |
JBS USA LUX SA (C) | 5.125 | 02-01-28 | 11,250,000 | 10,840,732 | |
JBS USA LUX SA (C) | 5.750 | 04-01-33 | 30,306,000 | 28,261,860 | |
Kraft Heinz Foods Company | 4.375 | 06-01-46 | 46,450,000 | 39,062,560 | |
Kraft Heinz Foods Company | 4.875 | 10-01-49 | 11,914,000 | 10,754,651 | |
Kraft Heinz Foods Company | 5.000 | 06-04-42 | 12,796,000 | 11,925,506 | |
MARB BondCo PLC (C) | 3.950 | 01-29-31 | 26,902,000 | 19,572,496 | |
NBM US Holdings, Inc. (C) | 6.625 | 08-06-29 | 23,063,000 | 20,712,216 | |
Pilgrim’s Pride Corp. | 6.250 | 07-01-33 | 22,897,000 | 22,298,770 | |
The Hershey Company | 4.500 | 05-04-33 | 8,039,000 | 8,039,214 | |
Household products 0.1% | |||||
Edgewell Personal Care Company (C) | 4.125 | 04-01-29 | 7,575,000 | 6,533,438 | |
Edgewell Personal Care Company (C) | 5.500 | 06-01-28 | 12,267,000 | 11,469,645 | |
Personal care products 0.1% | |||||
Oriflame Investment Holding PLC (C) | 5.125 | 05-04-26 | 17,182,000 | 9,536,010 | |
Energy 4.9% | 1,054,532,483 | ||||
Energy equipment and services 0.2% | |||||
CSI Compressco LP (C) | 7.500 | 04-01-25 | 18,590,000 | 17,754,000 | |
CSI Compressco LP (C) | 7.500 | 04-01-25 | 5,179,000 | 4,946,098 | |
CSI Compressco LP (10.000% Cash or 7.250% Cash and 3.500% PIK) (C) | 10.000 | 04-01-26 | 15,415,837 | 12,795,145 | |
Oil, gas and consumable fuels 4.7% | |||||
Aker BP ASA (C) | 3.100 | 07-15-31 | 11,396,000 | 9,488,212 | |
Aker BP ASA (C) | 3.750 | 01-15-30 | 7,230,000 | 6,449,643 | |
Aker BP ASA (C) | 4.000 | 01-15-31 | 37,303,000 | 33,439,078 | |
Antero Midstream Partners LP (C) | 5.375 | 06-15-29 | 16,047,000 | 14,752,859 | |
Antero Resources Corp. (C) | 5.375 | 03-01-30 | 5,836,000 | 5,365,182 | |
Ascent Resources Utica Holdings LLC (C) | 5.875 | 06-30-29 | 20,673,000 | 18,148,622 | |
Cheniere Energy Partners LP | 4.000 | 03-01-31 | 31,837,000 | 28,019,378 | |
Cheniere Energy Partners LP | 4.500 | 10-01-29 | 31,736,000 | 29,059,649 | |
CNX Resources Corp. (C) | 7.375 | 01-15-31 | 4,087,000 | 3,933,849 | |
Continental Resources, Inc. | 4.900 | 06-01-44 | 13,606,000 | 10,223,050 | |
Diamondback Energy, Inc. | 3.125 | 03-24-31 | 17,121,000 | 14,592,470 | |
Enbridge, Inc. (5.500% to 7-15-27, then 3 month LIBOR + 3.418%) | 5.500 | 07-15-77 | 22,814,000 | 19,928,606 | |
Enbridge, Inc. (5.750% to 4-15-30, then 5 Year CMT + 5.314%) | 5.750 | 07-15-80 | 29,961,000 | 27,010,585 | |
Enbridge, Inc. (6.250% to 3-1-28, then 3 month LIBOR + 3.641%) | 6.250 | 03-01-78 | 22,368,000 | 20,681,849 | |
Energean Israel Finance, Ltd. (C) | 5.375 | 03-30-28 | 6,461,000 | 5,756,112 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BOND FUND | 21 |
Rate (%) | Maturity date | Par value^ | Value | ||
Energy (continued) | |||||
Oil, gas and consumable fuels (continued) | |||||
Energean Israel Finance, Ltd. (C) | 5.875 | 03-30-31 | 11,574,000 | $10,085,365 | |
Energy Transfer LP | 4.200 | 04-15-27 | 15,075,000 | 14,458,550 | |
Energy Transfer LP | 5.150 | 03-15-45 | 24,013,000 | 20,155,423 | |
Energy Transfer LP | 5.250 | 04-15-29 | 60,712,000 | 59,940,327 | |
Energy Transfer LP | 5.400 | 10-01-47 | 27,635,000 | 23,757,540 | |
Energy Transfer LP | 5.500 | 06-01-27 | 23,511,000 | 23,570,524 | |
Energy Transfer LP (6.500% to 11-15-26, then 5 Year CMT + 5.694%) (E) | 6.500 | 11-15-26 | 44,447,000 | 38,891,138 | |
Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month LIBOR + 3.033%) | 5.250 | 08-16-77 | 42,999,000 | 37,172,489 | |
EQM Midstream Partners LP (C) | 7.500 | 06-01-27 | 2,859,000 | 2,876,606 | |
EQM Midstream Partners LP (C) | 7.500 | 06-01-30 | 1,610,000 | 1,618,050 | |
Hess Midstream Operations LP (C) | 4.250 | 02-15-30 | 5,230,000 | 4,532,004 | |
Hess Midstream Operations LP (C) | 5.500 | 10-15-30 | 2,295,000 | 2,079,709 | |
Inversiones Latin America Power, Ltda. (C) | 5.125 | 06-15-33 | 12,349,075 | 5,427,802 | |
Kinder Morgan Energy Partners LP | 7.750 | 03-15-32 | 13,070,000 | 14,555,319 | |
Leviathan Bond, Ltd. (C) | 6.500 | 06-30-27 | 29,476,000 | 27,995,743 | |
Leviathan Bond, Ltd. (C) | 6.750 | 06-30-30 | 4,949,000 | 4,574,104 | |
MC Brazil Downstream Trading SARL (C) | 7.250 | 06-30-31 | 18,078,397 | 13,255,833 | |
Midwest Connector Capital Company LLC (C) | 3.900 | 04-01-24 | 23,310,000 | 22,887,462 | |
MPLX LP | 4.000 | 03-15-28 | 19,220,000 | 18,253,921 | |
MPLX LP | 4.125 | 03-01-27 | 5,490,000 | 5,319,024 | |
MPLX LP | 4.250 | 12-01-27 | 15,703,000 | 15,103,308 | |
MPLX LP | 4.950 | 09-01-32 | 13,328,000 | 12,775,398 | |
MPLX LP | 5.000 | 03-01-33 | 13,702,000 | 13,182,865 | |
Occidental Petroleum Corp. | 6.450 | 09-15-36 | 21,389,000 | 21,763,308 | |
Occidental Petroleum Corp. | 6.600 | 03-15-46 | 11,040,000 | 11,318,208 | |
Occidental Petroleum Corp. | 6.625 | 09-01-30 | 28,848,000 | 30,074,040 | |
Ovintiv, Inc. | 5.650 | 05-15-28 | 8,045,000 | 8,005,261 | |
Ovintiv, Inc. | 6.250 | 07-15-33 | 8,068,000 | 7,999,134 | |
Ovintiv, Inc. | 7.200 | 11-01-31 | 3,846,000 | 4,038,019 | |
Parkland Corp. (C) | 4.500 | 10-01-29 | 12,267,000 | 10,606,026 | |
Parkland Corp. (C) | 4.625 | 05-01-30 | 11,791,000 | 10,193,320 | |
Petroleos Mexicanos | 8.750 | 06-02-29 | 10,862,000 | 9,631,413 | |
Sabine Pass Liquefaction LLC | 4.200 | 03-15-28 | 13,496,000 | 12,856,904 | |
Sabine Pass Liquefaction LLC | 4.500 | 05-15-30 | 28,938,000 | 27,361,737 | |
Sabine Pass Liquefaction LLC | 5.000 | 03-15-27 | 12,815,000 | 12,663,859 | |
Sabine Pass Liquefaction LLC | 5.875 | 06-30-26 | 15,848,000 | 16,076,126 | |
Southwestern Energy Company | 4.750 | 02-01-32 | 9,065,000 | 7,842,829 | |
Sunoco LP | 4.500 | 05-15-29 | 7,321,000 | 6,517,076 | |
Sunoco LP | 4.500 | 04-30-30 | 17,216,000 | 15,101,481 | |
Targa Resources Corp. | 4.950 | 04-15-52 | 29,927,000 | 23,776,041 |
22 | JOHN HANCOCK BOND FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Energy (continued) | |||||
Oil, gas and consumable fuels (continued) | |||||
Targa Resources Partners LP | 4.000 | 01-15-32 | 24,529,000 | $21,028,223 | |
The Williams Companies, Inc. | 3.750 | 06-15-27 | 22,304,000 | 21,245,153 | |
The Williams Companies, Inc. | 4.650 | 08-15-32 | 19,032,000 | 18,005,177 | |
Var Energi ASA (C) | 7.500 | 01-15-28 | 4,485,000 | 4,672,666 | |
Var Energi ASA (C) | 8.000 | 11-15-32 | 37,336,000 | 39,455,938 | |
Venture Global Calcasieu Pass LLC (C) | 3.875 | 08-15-29 | 6,386,000 | 5,556,003 | |
Venture Global Calcasieu Pass LLC (C) | 4.125 | 08-15-31 | 10,687,000 | 9,213,044 | |
Western Midstream Operating LP | 4.300 | 02-01-30 | 21,744,000 | 19,332,056 | |
Western Midstream Operating LP | 6.150 | 04-01-33 | 5,402,000 | 5,386,550 | |
Financials 10.5% | 2,271,791,555 | ||||
Banks 6.8% | |||||
Banco Santander SA | 4.379 | 04-12-28 | 25,889,000 | 24,709,480 | |
Bank of America Corp. (2.087% to 6-14-28, then SOFR + 1.060%) | 2.087 | 06-14-29 | 34,490,000 | 29,534,287 | |
Bank of America Corp. (2.592% to 4-29-30, then SOFR + 2.150%) | 2.592 | 04-29-31 | 41,379,000 | 34,752,754 | |
Bank of America Corp. (2.687% to 4-22-31, then SOFR + 1.320%) | 2.687 | 04-22-32 | 65,065,000 | 53,768,950 | |
Bank of America Corp. | 3.248 | 10-21-27 | 27,044,000 | 25,299,213 | |
Bank of America Corp. (3.846% to 3-8-32, then 5 Year CMT + 2.000%) | 3.846 | 03-08-37 | 30,104,000 | 25,721,017 | |
Bank of America Corp. | 3.950 | 04-21-25 | 32,386,000 | 31,546,866 | |
Bank of America Corp. (6.300% to 3-10-26, then 3 month CME Term SOFR + 4.815%) (E) | 6.300 | 03-10-26 | 45,620,000 | 45,848,100 | |
Barclays PLC (4.375% to 3-15-28, then 5 Year CMT + 3.410%) (E) | 4.375 | 03-15-28 | 25,632,000 | 16,945,315 | |
Barclays PLC (8.000% to 3-15-29, then 5 Year CMT + 5.431%) (E) | 8.000 | 03-15-29 | 12,203,000 | 10,586,103 | |
BNP Paribas SA (9.250% to 11-17-27, then 5 Year CMT + 4.969%) (C)(D)(E) | 9.250 | 11-17-27 | 10,002,000 | 10,377,075 | |
BPCE SA (C) | 4.500 | 03-15-25 | 26,504,000 | 25,565,632 | |
Citigroup, Inc. | 3.200 | 10-21-26 | 39,653,000 | 37,228,257 | |
Citigroup, Inc. | 4.600 | 03-09-26 | 43,521,000 | 42,462,148 | |
Citigroup, Inc. (4.700% to 1-30-25, then SOFR + 3.234%) (E) | 4.700 | 01-30-25 | 32,150,000 | 27,877,265 | |
Citigroup, Inc. (6.174% to 5-25-33, then SOFR + 2.661%) | 6.174 | 05-25-34 | 26,906,000 | 27,286,665 | |
Citigroup, Inc. (6.250% to 8-15-26, then 3 month CME Term SOFR + 4.779%) (E) | 6.250 | 08-15-26 | 27,864,000 | 26,958,792 | |
Citizens Financial Group, Inc. | 3.250 | 04-30-30 | 38,053,000 | 31,009,960 | |
Credit Agricole SA (C) | 2.811 | 01-11-41 | 16,269,000 | 10,665,491 | |
Credit Agricole SA (C) | 3.250 | 01-14-30 | 43,824,000 | 37,494,364 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BOND FUND | 23 |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Banks (continued) | |||||
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 | 18,505,000 | $18,319,950 | |
Danske Bank A/S (6.466% to 1-9-25, then 1 Year CMT + 2.100%) (C) | 6.466 | 01-09-26 | 24,293,000 | 24,323,154 | |
Fifth Third Bancorp (5.100% to 7-3-23, then 3 month LIBOR + 3.033%) (E) | 5.100 | 07-03-23 | 16,052,000 | 13,884,980 | |
Freedom Mortgage Corp. (C) | 8.125 | 11-15-24 | 12,459,000 | 12,211,771 | |
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 | 6,734,136 | |
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 | 6,711,772 | |
JPMorgan Chase & Co. (2.522% to 4-22-30, then SOFR + 2.040%) | 2.522 | 04-22-31 | 37,470,000 | 31,817,205 | |
JPMorgan Chase & Co. (2.956% to 5-13-30, then SOFR + 2.515%) | 2.956 | 05-13-31 | 33,681,000 | 28,774,008 | |
JPMorgan Chase & Co. (4.600% to 2-1-25, then 3 month CME Term SOFR + 3.125%) (E) | 4.600 | 02-01-25 | 28,722,000 | 26,522,834 | |
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month CME Term SOFR + 4.042%) (E) | 6.750 | 02-01-24 | 26,520,000 | 26,553,150 | |
Lloyds Banking Group PLC | 4.450 | 05-08-25 | 64,560,000 | 63,021,404 | |
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 | 22,139,000 | 21,303,253 | |
M&T Bank Corp. (5.125% to 11-1-26, then 3 month LIBOR + 3.520%) (E) | 5.125 | 11-01-26 | 10,483,000 | 7,969,685 | |
NatWest Group PLC (3.754% to 11-1-24, then 5 Year CMT + 2.100%) | 3.754 | 11-01-29 | 12,650,000 | 11,911,464 | |
NatWest Group PLC (6.000% to 12-29-25, then 5 Year CMT + 5.625%) (E) | 6.000 | 12-29-25 | 28,042,000 | 26,104,467 | |
NatWest Markets PLC (C) | 1.600 | 09-29-26 | 35,700,000 | 31,800,578 | |
Popular, Inc. | 7.250 | 03-13-28 | 19,807,000 | 19,624,100 | |
Santander Holdings USA, Inc. (2.490% to 1-6-27, then SOFR + 1.249%) | 2.490 | 01-06-28 | 23,584,000 | 20,609,490 | |
Santander Holdings USA, Inc. | 3.244 | 10-05-26 | 53,984,000 | 48,977,391 | |
Santander Holdings USA, Inc. | 3.450 | 06-02-25 | 46,840,000 | 44,472,016 | |
Santander Holdings USA, Inc. | 4.400 | 07-13-27 | 11,424,000 | 10,858,803 | |
Societe Generale SA (5.375% to 11-18-30, then 5 Year CMT + 4.514%) (C)(D)(E) | 5.375 | 11-18-30 | 22,339,000 | 15,966,743 | |
Societe Generale SA (6.221% to 6-15-32, then 1 Year CMT + 3.200%) (C) | 6.221 | 06-15-33 | 14,339,000 | 13,350,788 | |
Societe Generale SA (6.446% to 1-10-28, then 1 Year CMT + 2.550%) (C) | 6.446 | 01-10-29 | 41,371,000 | 41,710,397 |
24 | JOHN HANCOCK BOND FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Banks (continued) | |||||
Societe Generale SA (7.375% to 10-4-23, then 5 Year U.S. Swap Rate + 4.302%) (C)(E) | 7.375 | 10-04-23 | 7,692,000 | $7,381,427 | |
Synovus Bank | 5.625 | 02-15-28 | 3,994,000 | 3,552,948 | |
The PNC Financial Services Group, Inc. (3.400% to 9-15-26, then 5 Year CMT + 2.595%) (E) | 3.400 | 09-15-26 | 37,637,000 | 28,133,658 | |
The PNC Financial Services Group, Inc. (4.850% to 9-1-23, then 3 month LIBOR + 3.040%) (E) | 4.850 | 09-01-23 | 14,899,000 | 13,967,728 | |
The PNC Financial Services Group, Inc. (6.250% to 3-15-30, then 7 Year CMT + 2.808%) (E) | 6.250 | 03-15-30 | 19,414,000 | 17,618,205 | |
The PNC Financial Services Group, Inc. (3 month LIBOR + 3.678%) (B)(D)(E) | 8.977 | 08-01-23 | 29,301,000 | 29,228,601 | |
Wells Fargo & Company (2.393% to 6-2-27, then SOFR + 2.100%) | 2.393 | 06-02-28 | 64,609,000 | 57,763,760 | |
Wells Fargo & Company (2.879% to 10-30-29, then 3 month CME Term SOFR + 1.432%) | 2.879 | 10-30-30 | 49,300,000 | 42,658,005 | |
Wells Fargo & Company (3.350% to 3-2-32, then SOFR + 1.500%) | 3.350 | 03-02-33 | 63,216,000 | 54,301,043 | |
Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) (E) | 5.875 | 06-15-25 | 66,007,000 | 65,198,414 | |
Capital markets 2.3% | |||||
Ares Capital Corp. | 2.150 | 07-15-26 | 27,532,000 | 23,930,922 | |
Ares Capital Corp. | 2.875 | 06-15-28 | 20,575,000 | 17,143,435 | |
Ares Capital Corp. | 3.250 | 07-15-25 | 12,452,000 | 11,516,662 | |
Ares Capital Corp. | 3.875 | 01-15-26 | 20,967,000 | 19,460,821 | |
Ares Capital Corp. | 4.200 | 06-10-24 | 7,447,000 | 7,261,957 | |
Blackstone Private Credit Fund | 2.350 | 11-22-24 | 24,290,000 | 22,678,396 | |
Blackstone Private Credit Fund | 2.700 | 01-15-25 | 18,807,000 | 17,527,180 | |
Blackstone Private Credit Fund | 3.250 | 03-15-27 | 5,483,000 | 4,713,282 | |
Blackstone Private Credit Fund | 4.000 | 01-15-29 | 27,133,000 | 22,810,163 | |
Cantor Fitzgerald LP (C) | 4.875 | 05-01-24 | 29,166,000 | 28,527,487 | |
Deutsche Bank AG (2.311% to 11-16-26, then SOFR + 1.219%) | 2.311 | 11-16-27 | 22,438,000 | 19,305,609 | |
Deutsche Bank AG (3.742% to 10-7-31, then SOFR + 2.257%) | 3.742 | 01-07-33 | 29,929,000 | 21,671,024 | |
Lazard Group LLC | 4.375 | 03-11-29 | 24,053,000 | 22,112,389 | |
Macquarie Bank, Ltd. (C) | 3.624 | 06-03-30 | 17,809,000 | 15,024,908 | |
Macquarie Bank, Ltd. (C) | 4.875 | 06-10-25 | 18,897,000 | 18,385,515 | |
Morgan Stanley (2.239% to 7-21-31, then SOFR + 1.178%) | 2.239 | 07-21-32 | 14,771,000 | 11,783,573 | |
Morgan Stanley (2.484% to 9-16-31, then SOFR + 1.360%) | 2.484 | 09-16-36 | 38,200,000 | 28,831,960 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BOND FUND | 25 |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Capital markets (continued) | |||||
Morgan Stanley | 3.875 | 01-27-26 | 19,257,000 | $18,746,776 | |
Morgan Stanley (4.431% to 1-23-29, then 3 month CME Term SOFR + 1.628%) | 4.431 | 01-23-30 | 5,436,000 | 5,218,073 | |
Morgan Stanley (5.164% to 4-20-28, then SOFR + 1.590%) | 5.164 | 04-20-29 | 32,236,000 | 32,130,748 | |
MSCI, Inc. (C) | 3.625 | 11-01-31 | 28,632,000 | 23,903,683 | |
The Charles Schwab Corp. (5.643% to 5-19-28, then SOFR + 2.210%) | 5.643 | 05-19-29 | 27,090,000 | 27,119,098 | |
The Goldman Sachs Group, Inc. (2.615% to 4-22-31, then SOFR + 1.281%) | 2.615 | 04-22-32 | 76,569,000 | 63,161,012 | |
The Goldman Sachs Group, Inc. (2.650% to 10-21-31, then SOFR + 1.264%) | 2.650 | 10-21-32 | 29,672,000 | 24,309,184 | |
Consumer finance 0.4% | |||||
Ally Financial, Inc. | 5.125 | 09-30-24 | 36,120,000 | 35,274,581 | |
Ally Financial, Inc. (D) | 7.100 | 11-15-27 | 14,730,000 | 15,048,702 | |
Discover Financial Services | 4.100 | 02-09-27 | 8,970,000 | 8,359,633 | |
Enova International, Inc. (C)(D) | 8.500 | 09-01-24 | 3,762,000 | 3,752,595 | |
Enova International, Inc. (C) | 8.500 | 09-15-25 | 17,273,000 | 16,584,039 | |
OneMain Finance Corp. | 6.875 | 03-15-25 | 6,648,000 | 6,405,698 | |
Financial services 0.2% | |||||
Block, Inc. (D) | 3.500 | 06-01-31 | 8,050,000 | 6,575,103 | |
Nationstar Mortgage Holdings, Inc. (C) | 5.125 | 12-15-30 | 6,356,000 | 5,123,127 | |
Nationstar Mortgage Holdings, Inc. (C) | 5.500 | 08-15-28 | 11,236,000 | 9,719,140 | |
Nationstar Mortgage Holdings, Inc. (C) | 6.000 | 01-15-27 | 6,021,000 | 5,491,152 | |
Radian Group, Inc. | 4.500 | 10-01-24 | 12,023,000 | 11,662,310 | |
Insurance 0.8% | |||||
Athene Holding, Ltd. | 3.500 | 01-15-31 | 13,118,000 | 10,798,493 | |
CNA Financial Corp. | 2.050 | 08-15-30 | 10,248,000 | 8,308,011 | |
CNO Financial Group, Inc. | 5.250 | 05-30-25 | 11,065,000 | 10,952,346 | |
CNO Financial Group, Inc. | 5.250 | 05-30-29 | 30,469,000 | 28,852,685 | |
Liberty Mutual Group, Inc. (4.125% to 9-15-26, then 5 Year CMT + 3.315%) (C) | 4.125 | 12-15-51 | 18,110,000 | 13,947,417 | |
MetLife, Inc. (6.400% to 12-15-36, then 3 month LIBOR + 2.205%) | 6.400 | 12-15-36 | 24,309,000 | 23,955,993 | |
Nippon Life Insurance Company (2.750% to 1-21-31, then 5 Year CMT + 2.653%) (C) | 2.750 | 01-21-51 | 24,080,000 | 19,895,984 | |
Prudential Financial, Inc. (5.125% to 11-28-31, then 5 Year CMT + 3.162%) | 5.125 | 03-01-52 | 14,802,000 | 13,271,917 | |
SBL Holdings, Inc. (C) | 5.000 | 02-18-31 | 22,901,000 | 18,616,717 | |
Teachers Insurance & Annuity Association of America (C) | 4.270 | 05-15-47 | 27,751,000 | 22,946,993 |
26 | JOHN HANCOCK BOND FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Health care 1.8% | $384,569,129 | ||||
Biotechnology 0.3% | |||||
AbbVie, Inc. | 3.200 | 11-21-29 | 70,119,000 | 63,642,904 | |
Amgen, Inc. | 5.250 | 03-02-30 | 8,204,000 | 8,267,678 | |
Health care equipment and supplies 0.1% | |||||
Varex Imaging Corp. (C)(D) | 7.875 | 10-15-27 | 9,865,000 | 9,793,903 | |
Health care providers and services 1.1% | |||||
AdaptHealth LLC (C) | 5.125 | 03-01-30 | 11,714,000 | 9,111,501 | |
AmerisourceBergen Corp. (D) | 2.800 | 05-15-30 | 22,531,000 | 19,671,277 | |
Centene Corp. | 2.450 | 07-15-28 | 6,416,000 | 5,512,756 | |
Centene Corp. | 3.000 | 10-15-30 | 20,848,000 | 17,442,271 | |
Centene Corp. | 3.375 | 02-15-30 | 12,115,000 | 10,445,674 | |
CVS Health Corp. | 3.750 | 04-01-30 | 7,194,000 | 6,618,105 | |
CVS Health Corp. | 5.050 | 03-25-48 | 23,954,000 | 21,637,292 | |
CVS Health Corp. | 5.250 | 01-30-31 | 5,224,000 | 5,243,819 | |
CVS Health Corp. | 5.875 | 06-01-53 | 7,969,000 | 8,003,745 | |
DaVita, Inc. (C) | 3.750 | 02-15-31 | 25,782,000 | 20,454,420 | |
DaVita, Inc. (C) | 4.625 | 06-01-30 | 25,304,000 | 21,671,495 | |
Encompass Health Corp. | 4.625 | 04-01-31 | 6,644,000 | 5,801,945 | |
Fresenius Medical Care US Finance III, Inc. (C) | 2.375 | 02-16-31 | 37,988,000 | 29,299,094 | |
HCA, Inc. | 5.250 | 06-15-26 | 17,933,000 | 17,807,048 | |
Universal Health Services, Inc. | 1.650 | 09-01-26 | 22,040,000 | 19,402,573 | |
Universal Health Services, Inc. | 2.650 | 10-15-30 | 23,046,000 | 18,670,194 | |
Pharmaceuticals 0.3% | |||||
Organon & Company (C) | 5.125 | 04-30-31 | 20,418,000 | 17,325,737 | |
Royalty Pharma PLC | 1.750 | 09-02-27 | 12,150,000 | 10,479,878 | |
Viatris, Inc. | 2.300 | 06-22-27 | 8,657,000 | 7,571,670 | |
Viatris, Inc. | 2.700 | 06-22-30 | 19,825,000 | 15,931,821 | |
Viatris, Inc. | 4.000 | 06-22-50 | 22,979,000 | 14,762,329 | |
Industrials 5.5% | 1,196,110,854 | ||||
Aerospace and defense 0.8% | |||||
DAE Funding LLC (C) | 2.625 | 03-20-25 | 24,111,000 | 22,775,829 | |
Huntington Ingalls Industries, Inc. | 4.200 | 05-01-30 | 17,017,000 | 15,857,685 | |
The Boeing Company | 3.200 | 03-01-29 | 13,975,000 | 12,583,299 | |
The Boeing Company | 5.040 | 05-01-27 | 43,185,000 | 42,873,242 | |
The Boeing Company | 5.150 | 05-01-30 | 57,564,000 | 57,091,749 | |
TransDigm, Inc. | 5.500 | 11-15-27 | 13,817,000 | 12,989,513 | |
Air freight and logistics 0.0% | |||||
Simpar Europe SA (C) | 5.200 | 01-26-31 | 6,695,000 | 5,082,445 | |
Building products 0.3% | |||||
Builders FirstSource, Inc. (C) | 4.250 | 02-01-32 | 19,875,000 | 17,075,409 | |
Builders FirstSource, Inc. (C) | 5.000 | 03-01-30 | 2,354,000 | 2,181,134 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BOND FUND | 27 |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Building products (continued) | |||||
Builders FirstSource, Inc. (C) | 6.375 | 06-15-32 | 12,079,000 | $11,884,160 | |
Owens Corning | 3.875 | 06-01-30 | 3,327,000 | 3,064,778 | |
Owens Corning | 3.950 | 08-15-29 | 25,526,000 | 23,882,863 | |
Commercial services and supplies 0.2% | |||||
Albion Financing 1 SARL (C) | 6.125 | 10-15-26 | 13,103,000 | 11,749,853 | |
Allied Universal Holdco LLC (C) | 6.000 | 06-01-29 | 6,511,000 | 4,818,140 | |
APX Group, Inc. (C) | 5.750 | 07-15-29 | 17,139,000 | 14,642,688 | |
Prime Security Services Borrower LLC (C) | 3.375 | 08-31-27 | 3,713,000 | 3,258,981 | |
Prime Security Services Borrower LLC (C) | 6.250 | 01-15-28 | 13,157,000 | 12,084,485 | |
Construction and engineering 0.1% | |||||
Global Infrastructure Solutions, Inc. (C) | 5.625 | 06-01-29 | 17,739,000 | 14,634,675 | |
MasTec, Inc. (C)(D) | 4.500 | 08-15-28 | 11,194,000 | 10,307,969 | |
Electrical equipment 0.2% | |||||
Emerald Debt Merger Sub LLC (C) | 6.625 | 12-15-30 | 20,831,000 | 20,664,352 | |
Regal Rexnord Corp. (C) | 6.050 | 02-15-26 | 16,754,000 | 16,790,394 | |
Regal Rexnord Corp. (C) | 6.400 | 04-15-33 | 13,673,000 | 13,523,625 | |
Ground transportation 0.2% | |||||
Uber Technologies, Inc. (C) | 4.500 | 08-15-29 | 28,116,000 | 25,646,814 | |
Uber Technologies, Inc. (C) | 7.500 | 09-15-27 | 25,776,000 | 26,441,201 | |
Machinery 0.1% | |||||
Flowserve Corp. | 3.500 | 10-01-30 | 12,864,000 | 11,193,449 | |
Hillenbrand, Inc. | 3.750 | 03-01-31 | 3,280,000 | 2,722,291 | |
JB Poindexter & Company, Inc. (C) | 7.125 | 04-15-26 | 6,321,000 | 6,015,696 | |
Passenger airlines 2.2% | |||||
Air Canada 2013-1 Class A Pass Through Trust (C) | 4.125 | 05-15-25 | 8,206,292 | 7,714,600 | |
Air Canada 2017-1 Class B Pass Through Trust (C) | 3.700 | 01-15-26 | 8,650,238 | 8,123,236 | |
Air Canada 2020-1 Class C Pass Through Trust (C) | 10.500 | 07-15-26 | 12,689,000 | 13,653,364 | |
Alaska Airlines 2020-1 Class B Pass Through Trust (C) | 8.000 | 08-15-25 | 10,388,109 | 10,470,482 | |
American Airlines 2015-1 Class A Pass Through Trust (D) | 3.375 | 05-01-27 | 54,254,757 | 46,876,110 | |
American Airlines 2016-1 Class A Pass Through Trust | 4.100 | 01-15-28 | 21,901,919 | 19,278,726 | |
American Airlines 2016-3 Class A Pass Through Trust | 3.250 | 10-15-28 | 3,035,113 | 2,595,316 | |
American Airlines 2017-1 Class A Pass Through Trust | 4.000 | 02-15-29 | 11,270,540 | 9,856,273 | |
American Airlines 2017-1 Class AA Pass Through Trust | 3.650 | 02-15-29 | 14,657,950 | 13,265,603 | |
American Airlines 2017-2 Class A Pass Through Trust | 3.600 | 10-15-29 | 13,160,334 | 11,171,253 |
28 | JOHN HANCOCK BOND FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Passenger airlines (continued) | |||||
American Airlines 2019-1 Class A Pass Through Trust | 3.500 | 02-15-32 | 22,197,275 | $18,147,804 | |
American Airlines 2019-1 Class AA Pass Through Trust | 3.150 | 02-15-32 | 22,449,300 | 19,322,562 | |
American Airlines 2019-1 Class B Pass Through Trust | 3.850 | 02-15-28 | 8,487,762 | 7,278,269 | |
American Airlines 2021-1 Class A Pass Through Trust | 2.875 | 07-11-34 | 13,297,646 | 10,857,583 | |
American Airlines 2021-1 Class B Pass Through Trust | 3.950 | 07-11-30 | 14,378,480 | 12,389,040 | |
British Airways 2013-1 Class A Pass Through Trust (C) | 4.625 | 06-20-24 | 6,561,884 | 6,420,473 | |
British Airways 2018-1 Class A Pass Through Trust (C) | 4.125 | 09-20-31 | 6,707,071 | 5,902,704 | |
British Airways 2020-1 Class A Pass Through Trust (C) | 4.250 | 11-15-32 | 6,684,596 | 6,170,470 | |
British Airways 2020-1 Class B Pass Through Trust (C) | 8.375 | 11-15-28 | 4,662,107 | 4,741,141 | |
Delta Air Lines, Inc. (D) | 4.375 | 04-19-28 | 22,691,000 | 21,267,696 | |
Delta Air Lines, Inc. (C) | 4.500 | 10-20-25 | 4,770,830 | 4,679,353 | |
Delta Air Lines, Inc. (C) | 4.750 | 10-20-28 | 26,614,627 | 25,710,343 | |
JetBlue 2019-1 Class AA Pass Through Trust | 2.750 | 05-15-32 | 16,530,286 | 13,786,599 | |
United Airlines 2014-2 Class A Pass Through Trust | 3.750 | 09-03-26 | 26,703,091 | 25,002,091 | |
United Airlines 2016-1 Class A Pass Through Trust | 3.450 | 07-07-28 | 23,439,394 | 20,394,068 | |
United Airlines 2016-1 Class B Pass Through Trust | 3.650 | 01-07-26 | 19,578,180 | 17,736,158 | |
United Airlines 2018-1 Class B Pass Through Trust | 4.600 | 03-01-26 | 9,856,452 | 9,297,187 | |
United Airlines 2019-1 Class A Pass Through Trust | 4.550 | 08-25-31 | 19,738,082 | 17,665,584 | |
United Airlines 2020-1 Class A Pass Through Trust | 5.875 | 10-15-27 | 40,976,449 | 40,259,361 | |
United Airlines 2020-1 Class B Pass Through Trust | 4.875 | 01-15-26 | 14,439,800 | 13,790,009 | |
United Airlines, Inc. (C) | 4.375 | 04-15-26 | 1,856,000 | 1,755,973 | |
United Airlines, Inc. (C) | 4.625 | 04-15-29 | 4,647,000 | 4,209,450 | |
US Airways 2011-1 Class A Pass Through Trust | 7.125 | 10-22-23 | 9,765,842 | 9,618,970 | |
US Airways 2012-1 Class A Pass Through Trust | 5.900 | 10-01-24 | 3,991,325 | 3,931,455 | |
US Airways 2012-2 Class A Pass Through Trust (D) | 4.625 | 06-03-25 | 10,196,501 | 9,564,472 | |
Professional services 0.1% | |||||
CoStar Group, Inc. (C) | 2.800 | 07-15-30 | 29,716,000 | 24,351,939 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BOND FUND | 29 |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Professional services (continued) | |||||
TriNet Group, Inc. (C) | 3.500 | 03-01-29 | 7,774,000 | $6,659,494 | |
Trading companies and distributors 1.3% | |||||
AerCap Ireland Capital DAC | 1.750 | 01-30-26 | 25,521,000 | 22,854,646 | |
AerCap Ireland Capital DAC | 2.450 | 10-29-26 | 83,808,000 | 74,732,127 | |
AerCap Ireland Capital DAC | 3.000 | 10-29-28 | 42,652,000 | 36,980,709 | |
Air Lease Corp. | 2.100 | 09-01-28 | 14,336,000 | 11,836,864 | |
Air Lease Corp. | 2.875 | 01-15-26 | 12,330,000 | 11,464,115 | |
Air Lease Corp. | 3.625 | 12-01-27 | 16,742,000 | 15,253,934 | |
Ashtead Capital, Inc. (C) | 2.450 | 08-12-31 | 14,729,000 | 11,518,255 | |
Ashtead Capital, Inc. (C) | 4.250 | 11-01-29 | 7,666,000 | 6,940,933 | |
Ashtead Capital, Inc. (C) | 4.375 | 08-15-27 | 15,640,000 | 14,734,787 | |
Ashtead Capital, Inc. (C) | 5.550 | 05-30-33 | 9,115,000 | 8,829,714 | |
Beacon Roofing Supply, Inc. (C) | 4.125 | 05-15-29 | 13,448,000 | 11,598,900 | |
BlueLinx Holdings, Inc. (C) | 6.000 | 11-15-29 | 18,852,000 | 15,929,940 | |
SMBC Aviation Capital Finance DAC (C) | 2.300 | 06-15-28 | 8,237,000 | 7,030,207 | |
United Rentals North America, Inc. | 3.875 | 11-15-27 | 13,783,000 | 12,750,758 | |
United Rentals North America, Inc. | 4.875 | 01-15-28 | 8,284,000 | 7,903,035 | |
Information technology 3.0% | 659,010,632 | ||||
Communications equipment 0.3% | |||||
Motorola Solutions, Inc. | 2.300 | 11-15-30 | 34,267,000 | 27,706,447 | |
Motorola Solutions, Inc. | 2.750 | 05-24-31 | 28,486,000 | 23,461,958 | |
Motorola Solutions, Inc. | 4.600 | 05-23-29 | 10,368,000 | 10,144,083 | |
IT services 0.3% | |||||
CGI, Inc. | 1.450 | 09-14-26 | 24,919,000 | 22,320,957 | |
Gartner, Inc. (C) | 4.500 | 07-01-28 | 25,252,000 | 23,772,922 | |
Sabre GLBL, Inc. (C) | 7.375 | 09-01-25 | 14,309,000 | 12,100,141 | |
VeriSign, Inc. (D) | 2.700 | 06-15-31 | 13,953,000 | 11,625,477 | |
Semiconductors and semiconductor equipment 1.7% | |||||
Broadcom, Inc. (C) | 3.419 | 04-15-33 | 35,997,000 | 29,896,722 | |
Broadcom, Inc. | 4.750 | 04-15-29 | 85,868,000 | 83,696,293 | |
Broadcom, Inc. (C) | 4.926 | 05-15-37 | 15,585,000 | 14,016,587 | |
Foundry JV Holdco LLC (C) | 5.875 | 01-25-34 | 22,311,000 | 22,038,527 | |
Marvell Technology, Inc. | 2.450 | 04-15-28 | 31,863,000 | 27,802,745 | |
Micron Technology, Inc. | 4.185 | 02-15-27 | 68,119,000 | 65,630,451 | |
Micron Technology, Inc. | 5.327 | 02-06-29 | 65,097,000 | 64,184,571 | |
NXP BV | 3.875 | 06-18-26 | 32,848,000 | 31,546,074 | |
Qorvo, Inc. (C) | 3.375 | 04-01-31 | 16,254,000 | 13,087,721 | |
Renesas Electronics Corp. (C) | 1.543 | 11-26-24 | 18,559,000 | 17,327,677 | |
Software 0.3% | |||||
Autodesk, Inc. | 2.850 | 01-15-30 | 10,308,000 | 9,111,201 | |
Consensus Cloud Solutions, Inc. (C) | 6.500 | 10-15-28 | 10,665,000 | 9,295,481 |
30 | JOHN HANCOCK BOND FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Information technology (continued) | |||||
Software (continued) | |||||
Oracle Corp. | 2.950 | 04-01-30 | 51,015,000 | $44,636,428 | |
Technology hardware, storage and peripherals 0.4% | |||||
CDW LLC | 3.250 | 02-15-29 | 8,552,000 | 7,332,192 | |
Dell International LLC | 4.900 | 10-01-26 | 41,783,000 | 41,506,991 | |
Dell International LLC | 5.300 | 10-01-29 | 20,296,000 | 20,218,401 | |
Western Digital Corp. | 4.750 | 02-15-26 | 27,865,000 | 26,550,585 | |
Materials 1.7% | 366,350,607 | ||||
Chemicals 0.2% | |||||
Braskem Idesa SAPI (C) | 6.990 | 02-20-32 | 13,611,000 | 9,325,843 | |
Braskem Netherlands Finance BV (C) | 5.875 | 01-31-50 | 24,630,000 | 19,234,067 | |
OCI NV (C) | 6.700 | 03-16-33 | 13,932,000 | 13,644,522 | |
Sasol Financing USA LLC | 5.500 | 03-18-31 | 14,257,000 | 11,072,164 | |
Construction materials 0.3% | |||||
Cemex SAB de CV (C) | 3.875 | 07-11-31 | 20,594,000 | 17,119,722 | |
Cemex SAB de CV (C) | 5.200 | 09-17-30 | 17,916,000 | 16,535,905 | |
Standard Industries, Inc. (C) | 3.375 | 01-15-31 | 8,626,000 | 6,737,990 | |
Standard Industries, Inc. (C) | 4.375 | 07-15-30 | 10,985,000 | 9,275,361 | |
Standard Industries, Inc. (C) | 5.000 | 02-15-27 | 4,561,000 | 4,280,766 | |
Containers and packaging 0.3% | |||||
Graphic Packaging International LLC (C) | 3.500 | 03-01-29 | 17,119,000 | 15,167,203 | |
Mauser Packaging Solutions Holding Company (C) | 7.875 | 08-15-26 | 10,356,000 | 10,264,033 | |
Owens-Brockway Glass Container, Inc. (C)(D) | 6.625 | 05-13-27 | 9,013,000 | 9,001,734 | |
Owens-Brockway Glass Container, Inc. (C) | 7.250 | 05-15-31 | 7,132,000 | 7,256,810 | |
Pactiv Evergreen Group Issuer LLC (C) | 4.375 | 10-15-28 | 11,571,000 | 10,070,241 | |
Pactiv Evergreen Group Issuer, Inc. (C) | 4.000 | 10-15-27 | 24,222,000 | 21,337,644 | |
Metals and mining 0.9% | |||||
Anglo American Capital PLC (C) | 4.750 | 04-10-27 | 14,781,000 | 14,419,073 | |
First Quantum Minerals, Ltd. (C) | 6.875 | 03-01-26 | 9,628,000 | 9,363,230 | |
First Quantum Minerals, Ltd. (C) | 6.875 | 10-15-27 | 28,740,000 | 27,374,850 | |
First Quantum Minerals, Ltd. (C) | 7.500 | 04-01-25 | 8,966,000 | 8,947,978 | |
First Quantum Minerals, Ltd. (C) | 8.625 | 06-01-31 | 11,552,000 | 11,393,160 | |
Freeport-McMoRan, Inc. | 4.250 | 03-01-30 | 25,953,000 | 23,806,819 | |
Freeport-McMoRan, Inc. | 4.625 | 08-01-30 | 18,994,000 | 17,784,544 | |
Freeport-McMoRan, Inc. | 5.450 | 03-15-43 | 30,200,000 | 27,386,861 | |
Hudbay Minerals, Inc. (C) | 4.500 | 04-01-26 | 4,708,000 | 4,314,369 | |
JW Aluminum Continuous Cast Company (C) | 10.250 | 06-01-26 | 3,648,000 | 3,629,760 | |
Newmont Corp. | 2.800 | 10-01-29 | 10,460,000 | 9,123,410 | |
Novelis Corp. (C) | 4.750 | 01-30-30 | 28,979,000 | 25,718,689 | |
Volcan Cia Minera SAA (C) | 4.375 | 02-11-26 | 4,093,000 | 2,763,859 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BOND FUND | 31 |
Rate (%) | Maturity date | Par value^ | Value | ||
Real estate 1.5% | $337,429,341 | ||||
Hotel and resort REITs 0.3% | |||||
Host Hotels & Resorts LP | 3.375 | 12-15-29 | 27,488,000 | 23,340,677 | |
Host Hotels & Resorts LP | 3.500 | 09-15-30 | 15,915,000 | 13,467,261 | |
Host Hotels & Resorts LP | 4.500 | 02-01-26 | 12,001,000 | 11,689,974 | |
RHP Hotel Properties LP (C) | 4.500 | 02-15-29 | 15,671,000 | 13,856,612 | |
XHR LP (C) | 4.875 | 06-01-29 | 7,368,000 | 6,308,850 | |
Residential REITs 0.0% | |||||
American Homes 4 Rent LP | 4.250 | 02-15-28 | 12,929,000 | 12,126,384 | |
Specialized REITs 1.2% | |||||
American Tower Corp. | 1.600 | 04-15-26 | 15,794,000 | 14,265,930 | |
American Tower Corp. (D) | 3.550 | 07-15-27 | 18,925,000 | 17,699,204 | |
American Tower Corp. | 3.800 | 08-15-29 | 38,566,000 | 35,583,633 | |
American Tower Trust I (C) | 5.490 | 03-15-28 | 27,235,000 | 27,695,590 | |
Crown Castle, Inc. | 3.800 | 02-15-28 | 13,032,000 | 12,252,078 | |
Extra Space Storage LP | 5.700 | 04-01-28 | 7,283,000 | 7,381,545 | |
GLP Capital LP | 3.250 | 01-15-32 | 10,853,000 | 8,797,926 | |
GLP Capital LP | 4.000 | 01-15-30 | 10,777,000 | 9,378,526 | |
GLP Capital LP | 5.375 | 04-15-26 | 20,353,000 | 19,769,254 | |
Iron Mountain Information Management Services, Inc. (C) | 5.000 | 07-15-32 | 4,858,000 | 4,141,175 | |
Iron Mountain, Inc. (C) | 4.875 | 09-15-29 | 9,816,000 | 8,754,307 | |
Iron Mountain, Inc. (C) | 5.250 | 07-15-30 | 11,787,000 | 10,559,465 | |
SBA Tower Trust (C) | 2.836 | 01-15-25 | 22,542,000 | 21,400,178 | |
SBA Tower Trust (C) | 6.599 | 01-15-28 | 8,442,000 | 8,733,060 | |
VICI Properties LP (C) | 3.875 | 02-15-29 | 13,041,000 | 11,523,338 | |
VICI Properties LP (C) | 4.125 | 08-15-30 | 12,630,000 | 11,070,131 | |
VICI Properties LP (C) | 4.625 | 12-01-29 | 24,513,000 | 22,341,424 | |
VICI Properties LP | 5.125 | 05-15-32 | 5,669,000 | 5,292,819 | |
Utilities 1.8% | 382,179,541 | ||||
Electric utilities 1.3% | |||||
Atlantica Transmision Sur SA (C) | 6.875 | 04-30-43 | 12,395,723 | 11,636,485 | |
Duke Energy Corp. | 2.450 | 06-01-30 | 8,046,000 | 6,746,444 | |
Emera US Finance LP | 3.550 | 06-15-26 | 22,002,000 | 20,824,398 | |
FirstEnergy Corp. | 2.650 | 03-01-30 | 15,065,000 | 12,786,419 | |
FirstEnergy Corp. | 3.400 | 03-01-50 | 5,998,000 | 3,997,727 | |
Georgia Power Company | 4.950 | 05-17-33 | 13,396,000 | 13,207,099 | |
Instituto Costarricense de Electricidad (C) | 6.375 | 05-15-43 | 7,220,000 | 6,118,589 | |
NextEra Energy Capital Holdings, Inc. | 2.250 | 06-01-30 | 10,230,000 | 8,497,600 | |
NextEra Energy Capital Holdings, Inc. | 6.051 | 03-01-25 | 6,466,000 | 6,537,502 | |
NRG Energy, Inc. (C) | 2.450 | 12-02-27 | 22,398,000 | 19,047,073 | |
NRG Energy, Inc. (C) | 3.375 | 02-15-29 | 5,134,000 | 4,232,564 | |
NRG Energy, Inc. (C) | 3.625 | 02-15-31 | 12,916,000 | 10,178,186 | |
NRG Energy, Inc. (C) | 3.875 | 02-15-32 | 25,570,000 | 19,848,994 |
32 | JOHN HANCOCK BOND FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Utilities (continued) | |||||
Electric utilities (continued) | |||||
NRG Energy, Inc. (C) | 4.450 | 06-15-29 | 16,431,000 | $14,685,437 | |
NRG Energy, Inc. (C) | 7.000 | 03-15-33 | 21,814,000 | 22,009,388 | |
NRG Energy, Inc. (10.250% to 3-15-28, then 5 Year CMT + 5.920%) (C)(E) | 10.250 | 03-15-28 | 17,139,000 | 16,239,203 | |
Vistra Operations Company LLC (C) | 3.700 | 01-30-27 | 43,768,000 | 40,551,540 | |
Vistra Operations Company LLC (C) | 4.300 | 07-15-29 | 38,331,000 | 34,205,107 | |
Gas utilities 0.1% | |||||
AmeriGas Partners LP | 5.500 | 05-20-25 | 20,313,000 | 19,552,711 | |
Independent power and renewable electricity producers 0.2% | |||||
AES Panama Generation Holdings SRL (C) | 4.375 | 05-31-30 | 16,158,037 | 14,106,774 | |
DPL, Inc. | 4.125 | 07-01-25 | 14,640,000 | 13,960,901 | |
LLPL Capital Pte, Ltd. (C) | 6.875 | 02-04-39 | 3,008,990 | 2,691,240 | |
NextEra Energy Operating Partners LP (C) | 3.875 | 10-15-26 | 16,950,000 | 15,657,563 | |
NextEra Energy Operating Partners LP (C) | 4.500 | 09-15-27 | 6,602,000 | 6,148,113 | |
Multi-utilities 0.2% | |||||
Dominion Energy, Inc. | 3.375 | 04-01-30 | 14,886,000 | 13,328,688 | |
NiSource, Inc. | 1.700 | 02-15-31 | 8,046,000 | 6,306,388 | |
NiSource, Inc. | 3.600 | 05-01-30 | 15,381,000 | 14,005,000 | |
NiSource, Inc. | 5.250 | 03-30-28 | 5,035,000 | 5,072,408 | |
Municipal bonds 0.2% | $51,981,001 | ||||
(Cost $60,664,102) | |||||
Golden State Tobacco Securitization Corp. (California) | 4.214 | 06-01-50 | 16,097,000 | 12,251,250 | |
New Jersey Transportation Trust Fund Authority | 4.081 | 06-15-39 | 24,729,000 | 21,605,935 | |
New Jersey Transportation Trust Fund Authority | 4.131 | 06-15-42 | 6,675,000 | 5,701,138 | |
State Board of Administration Finance Corp. (Florida) | 1.705 | 07-01-27 | 13,918,000 | 12,422,678 | |
Term loans (F) 0.0% | $9,932,944 | ||||
(Cost $11,094,762) | |||||
Industrials 0.0% | 9,932,944 | ||||
Professional services 0.0% | |||||
CoreLogic, Inc., Term Loan (1 month LIBOR + 3.500%) | 8.638 | 06-02-28 | 11,136,337 | 9,932,944 | |
Collateralized mortgage obligations 5.6% | $1,211,874,569 | ||||
(Cost $1,553,435,354) | |||||
Commercial and residential 4.3% | 935,023,880 | ||||
Angel Oak Mortgage Trust LLC | |||||
Series 2020-R1, Class A1 (C)(G) | 0.990 | 04-25-53 | 7,774,082 | 7,016,986 | |
Series 2021-2, Class A1 (C)(G) | 0.985 | 04-25-66 | 7,409,696 | 6,117,288 | |
Series 2021-4, Class A1 (C)(G) | 1.035 | 01-20-65 | 16,893,913 | 13,448,707 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BOND FUND | 33 |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
Series 2021-5, Class A1 (C)(G) | 0.951 | 07-25-66 | 21,251,570 | $17,482,362 | |
Arroyo Mortgage Trust | |||||
Series 2021-1R, Class A1 (C)(G) | 1.175 | 10-25-48 | 12,916,702 | 10,437,699 | |
BAMLL Commercial Mortgage Securities Trust | |||||
Series 2019-BPR, Class ENM (C)(G) | 3.719 | 11-05-32 | 11,565,000 | 6,123,449 | |
Barclays Commercial Mortgage Trust | |||||
Series 2019-C5, Class A2 | 3.043 | 11-15-52 | 15,513,000 | 14,865,618 | |
BBCMS Mortgage Trust | |||||
Series 2020-C6, Class A2 | 2.690 | 02-15-53 | 10,908,000 | 10,091,237 | |
BBCMS Trust | |||||
Series 2015-SRCH, Class D (C)(G) | 4.957 | 08-10-35 | 15,436,000 | 12,962,171 | |
Bear Stearns Commercial Mortgage Securities Trust | |||||
Series 2005-PWR8, Class X1 IO (C) | 0.716 | 06-11-41 | 5,607 | 6 | |
Benchmark Mortgage Trust | |||||
Series 2019-B12, Class A2 | 3.001 | 08-15-52 | 19,471,053 | 18,692,357 | |
Series 2019-B13, Class A2 | 2.889 | 08-15-57 | 20,055,000 | 19,299,009 | |
BOCA Commercial Mortgage Trust | |||||
Series 2022-BOCA, Class B (1 month CME Term SOFR + 2.319%) (B)(C) | 7.378 | 05-15-39 | 7,240,000 | 7,125,648 | |
BPR Trust | |||||
Series 2022-OANA, Class A (1 month CME Term SOFR + 1.898%) (B)(C) | 6.957 | 04-15-37 | 41,504,000 | 40,210,113 | |
BRAVO Residential Funding Trust | |||||
Series 2021-NQM1, Class A1 (C)(G) | 0.941 | 02-25-49 | 9,393,165 | 8,214,946 | |
BWAY Mortgage Trust | |||||
Series 2015-1740, Class XA IO (C) | 0.179 | 01-10-35 | 123,773,000 | 14,890 | |
BX Commercial Mortgage Trust | |||||
Series 2021-VOLT, Class C (1 month LIBOR + 1.100%) (B)(C) | 6.207 | 09-15-36 | 23,449,000 | 22,181,696 | |
BX Trust | |||||
Series 2022-CLS, Class A (C) | 5.760 | 10-13-27 | 19,433,000 | 18,842,806 | |
CAMB Commercial Mortgage Trust | |||||
Series 2019-LIFE, Class D (1 month LIBOR + 1.750%) (B)(C) | 6.857 | 12-15-37 | 6,315,000 | 6,187,759 | |
Series 2019-LIFE, Class F (1 month LIBOR + 2.550%) (B)(C) | 7.657 | 12-15-37 | 12,809,000 | 12,318,606 | |
Citigroup Commercial Mortgage Trust | |||||
Series 2019-SMRT, Class A (C) | 4.149 | 01-10-36 | 10,996,000 | 10,901,461 | |
Series 2023-SMRT, Class A (C)(G) | 6.015 | 06-10-28 | 15,194,000 | 15,429,194 | |
COLT Mortgage Loan Trust | |||||
Series 2021-2, Class A1 (C)(G) | 0.924 | 08-25-66 | 14,090,035 | 10,911,707 | |
Series 2021-3, Class A1 (C)(G) | 0.956 | 09-27-66 | 20,527,725 | 16,236,581 | |
Series 2021-HX1, Class A1 (C)(G) | 1.110 | 10-25-66 | 16,246,146 | 13,168,051 | |
COLT Trust | |||||
Series 2020-RPL1, Class A1 (C)(G) | 1.390 | 01-25-65 | 29,506,881 | 24,467,088 | |
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) | |||||
Series 2012-CR3, Class XA IO | 1.226 | 10-15-45 | 8,005,583 | 80 | |
Series 2014-CR15, Class XA IO | 0.609 | 02-10-47 | 48,599,661 | 103,770 | |
Commercial Mortgage Trust (Citigroup/Deutsche Bank AG) | |||||
Series 2018-COR3, Class XA IO | 0.432 | 05-10-51 | 222,413,781 | 3,953,405 |
34 | JOHN HANCOCK BOND FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
Commercial Mortgage Trust (Deutsche Bank AG) | |||||
Series 2013-300P, Class D (C)(G) | 4.394 | 08-10-30 | 18,413,000 | $14,178,010 | |
Series 2017-PANW, Class A (C) | 3.244 | 10-10-29 | 7,264,000 | 6,820,915 | |
Series 2020-CBM, Class A2 (C) | 2.896 | 02-10-37 | 14,666,000 | 13,742,434 | |
Credit Suisse Mortgage Capital Certificates | |||||
Series 2019-ICE4, Class D (1 month LIBOR + 1.600%) (B)(C) | 6.707 | 05-15-36 | 23,760,886 | 23,459,999 | |
Series 2020-NET, Class A (C) | 2.257 | 08-15-37 | 7,038,652 | 6,321,462 | |
Series 2021-NQM2, Class A1 (C)(G) | 1.179 | 02-25-66 | 12,623,225 | 10,624,337 | |
Series 2021-NQM3, Class A1 (C)(G) | 1.015 | 04-25-66 | 11,162,750 | 9,082,037 | |
Series 2021-NQM5, Class A1 (C)(G) | 0.938 | 05-25-66 | 8,006,836 | 6,294,490 | |
Series 2021-NQM6, Class A1 (C)(G) | 1.174 | 07-25-66 | 20,668,752 | 16,546,163 | |
Ellington Financial Mortgage Trust | |||||
Series 2021-1, Class A1 (C)(G) | 0.797 | 02-25-66 | 5,137,849 | 4,304,782 | |
Series 2021-2, Class A1 (C)(G) | 0.931 | 06-25-66 | 13,525,225 | 10,878,312 | |
Flagstar Mortgage Trust | |||||
Series 2021-1, Class A2 (C)(G) | 2.500 | 02-01-51 | 26,912,713 | 21,833,988 | |
GCAT Trust | |||||
Series 2021-NQM1, Class A1 (C)(G) | 0.874 | 01-25-66 | 8,683,163 | 7,315,824 | |
Series 2021-NQM2, Class A1 (C)(G) | 1.036 | 05-25-66 | 9,919,643 | 8,187,360 | |
Series 2021-NQM3, Class A1 (C)(G) | 1.091 | 05-25-66 | 15,678,130 | 12,812,513 | |
GS Mortgage Securities Trust | |||||
Series 2011-GC5, Class XA IO (C) | 0.089 | 08-10-44 | 3,034,762 | 30 | |
Series 2015-590M, Class C (C)(G) | 3.805 | 10-10-35 | 6,950,000 | 6,041,146 | |
Series 2017-485L, Class C (C)(G) | 3.982 | 02-10-37 | 6,670,000 | 5,700,329 | |
Series 2019-GC40, Class A2 | 2.971 | 07-10-52 | 13,593,000 | 13,068,945 | |
Series 2020-UPTN, Class A (C) | 2.751 | 02-10-37 | 13,326,000 | 12,298,196 | |
GS Mortgage-Backed Securities Trust | |||||
Series 2020-NQM1, Class A1 (C)(G) | 1.382 | 09-27-60 | 2,797,910 | 2,543,554 | |
Series 2021-NQM1, Class A1 (C)(G) | 1.017 | 07-25-61 | 6,667,548 | 5,746,831 | |
HarborView Mortgage Loan Trust | |||||
Series 2007-3, Class ES IO (C) | 0.350 | 05-19-47 | 17,142,480 | 178,486 | |
Series 2007-4, Class ES IO | 0.350 | 07-19-47 | 17,638,280 | 231,742 | |
Series 2007-6, Class ES IO (C) | 0.343 | 08-19-37 | 18,119,854 | 224,028 | |
Imperial Fund Mortgage Trust | |||||
Series 2021-NQM1, Class A1 (C)(G) | 1.071 | 06-25-56 | 9,435,726 | 7,965,430 | |
IMT Trust | |||||
Series 2017-APTS, Class AFX (C) | 3.478 | 06-15-34 | 7,744,000 | 7,474,778 | |
Series 2017-APTS, Class CFX (C)(G) | 3.497 | 06-15-34 | 6,867,000 | 6,551,908 | |
Irvine Core Office Trust | |||||
Series 2013-IRV, Class XA IO (C) | 1.105 | 05-15-48 | 30,392 | 0 | |
JPMorgan Chase Commercial Mortgage Securities Trust | |||||
Series 2020-NNN, Class AFX (C) | 2.812 | 01-16-37 | 15,435,000 | 14,030,307 | |
KNDL Mortgage Trust | |||||
Series 2019-KNSQ, Class D (1 month LIBOR + 1.350%) (B)(C) | 6.607 | 05-15-36 | 11,580,000 | 11,385,712 | |
Life Mortgage Trust | |||||
Series 2021-BMR, Class A (1 month CME Term SOFR + 0.814%) (B)(C) | 5.873 | 03-15-38 | 5,042,637 | 4,912,716 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BOND FUND | 35 |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
Series 2021-BMR, Class D (1 month CME Term SOFR + 1.514%) (B)(C) | 6.573 | 03-15-38 | 19,530,634 | $18,721,665 | |
Series 2022-BMR2, Class A1 (1 month CME Term SOFR + 1.295%) (B)(C) | 6.355 | 05-15-39 | 33,864,000 | 33,149,801 | |
MFA Trust | |||||
Series 2021-NQM1, Class A1 (C)(G) | 1.153 | 04-25-65 | 7,547,146 | 6,612,936 | |
Natixis Commercial Mortgage Securities Trust | |||||
Series 2018-285M, Class D (C)(G) | 3.790 | 11-15-32 | 9,223,000 | 6,597,153 | |
Series 2018-ALXA, Class C (C)(G) | 4.316 | 01-15-43 | 7,402,000 | 6,265,370 | |
NYMT Loan Trust | |||||
Series 2022-CP1, Class A1 (C) | 2.042 | 07-25-61 | 10,342,697 | 9,325,241 | |
OBX Trust | |||||
Series 2020-EXP2, Class A3 (C)(G) | 2.500 | 05-25-60 | 5,845,498 | 4,892,765 | |
Series 2021-NQM2, Class A1 (C)(G) | 1.101 | 05-25-61 | 14,515,884 | 11,575,422 | |
Series 2021-NQM3, Class A1 (C)(G) | 1.054 | 07-25-61 | 22,489,086 | 17,170,262 | |
One Market Plaza Trust | |||||
Series 2017-1MKT, Class D (C) | 4.146 | 02-10-32 | 5,035,000 | 4,260,967 | |
Provident Funding Mortgage Trust | |||||
Series 2020-F1, Class A2 (C)(G) | 2.000 | 01-25-36 | 22,359,987 | 19,217,481 | |
SLG Office Trust | |||||
Series 2021-OVA, Class D (C) | 2.851 | 07-15-41 | 22,906,000 | 16,803,638 | |
SMRT | |||||
Series 2022-MINI, Class A (1 month CME Term SOFR + 1.000%) (B)(C) | 6.060 | 01-15-39 | 28,123,000 | 27,276,785 | |
Starwood Mortgage Residential Trust | |||||
Series 2022-1, Class A1 (C)(G) | 2.447 | 12-25-66 | 23,219,776 | 19,950,427 | |
Towd Point Mortgage Trust | |||||
Series 2015-1, Class A5 (C)(G) | 4.034 | 10-25-53 | 7,568,000 | 7,322,305 | |
Series 2015-2, Class 1M2 (C)(G) | 3.533 | 11-25-60 | 7,169,162 | 7,009,420 | |
Series 2017-2, Class A1 (C)(G) | 2.750 | 04-25-57 | 212,777 | 209,966 | |
Series 2018-1, Class A1 (C)(G) | 3.000 | 01-25-58 | 1,910,614 | 1,849,286 | |
Series 2018-4, Class A1 (C)(G) | 3.000 | 06-25-58 | 12,421,550 | 11,448,650 | |
Series 2018-5, Class A1A (C)(G) | 3.250 | 07-25-58 | 1,293,580 | 1,242,803 | |
Series 2018-6, Class A1A (C)(G) | 3.750 | 03-25-58 | 8,340,533 | 8,080,373 | |
Series 2019-1, Class A1 (C)(G) | 3.750 | 03-25-58 | 10,414,977 | 9,841,382 | |
Series 2019-4, Class A1 (C)(G) | 2.900 | 10-25-59 | 11,164,836 | 10,395,581 | |
Series 2020-4, Class A1 (C) | 1.750 | 10-25-60 | 16,764,398 | 14,657,119 | |
Verus Securitization Trust | |||||
Series 2020-5, Class A1 (1.218% to 10-1-24, then 2.218% thereafter) (C) | 1.218 | 05-25-65 | 4,347,855 | 3,935,029 | |
Series 2021-3, Class A1 (C)(G) | 1.046 | 06-25-66 | 16,144,473 | 13,447,683 | |
Series 2021-4, Class A1 (C)(G) | 0.938 | 07-25-66 | 9,484,217 | 7,541,872 | |
Series 2021-5, Class A1 (C)(G) | 1.013 | 09-25-66 | 15,821,176 | 12,809,788 | |
Series 2021-R1, Class A1 (C)(G) | 0.820 | 10-25-63 | 6,544,448 | 5,851,173 | |
WF-RBS Commercial Mortgage Trust | |||||
Series 2012-C10, Class XA IO (C) | 1.151 | 12-15-45 | 1,601,518 | 16 | |
Series 2013-C16, Class XA IO | 0.535 | 09-15-46 | 6,719,504 | 67 |
36 | JOHN HANCOCK BOND FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency 1.3% | $276,850,689 | ||||
Federal Home Loan Mortgage Corp. | |||||
Series 2022-DNA2, Class M1B (1 month SOFR + 2.400%) (B)(C) | 7.373 | 02-25-42 | 16,878,000 | 16,661,680 | |
Series 2022-DNA3, Class M1B (1 month SOFR + 2.900%) (B)(C) | 7.873 | 04-25-42 | 4,705,000 | 4,690,326 | |
Series 2022-DNA4, Class M1B (1 month SOFR + 3.350%) (B)(C) | 8.323 | 05-25-42 | 12,100,000 | 12,220,909 | |
Series 2022-DNA5, Class M1B (1 month SOFR + 4.500%) (B)(C) | 9.473 | 06-25-42 | 16,090,000 | 16,884,524 | |
Series K038, Class X1 IO | 1.075 | 03-25-24 | 166,040,006 | 879,215 | |
Series KS03, Class X IO | 0.193 | 08-25-25 | 17,262,197 | 72,693 | |
Series T-41, Class 3A (G) | 4.310 | 07-25-32 | 763 | 731 | |
Federal National Mortgage Association | |||||
Series 2001-50, Class BA | 7.000 | 10-25-41 | 81 | 83 | |
Series 427, Class C20 IO | 2.000 | 02-25-51 | 142,661,260 | 18,866,103 | |
Series 427, Class C77 IO | 2.500 | 09-25-51 | 67,069,793 | 9,786,303 | |
Government National Mortgage Association | |||||
Series 2008-90, Class IO | 2.011 | 12-16-50 | 2,028,140 | 253,589 | |
Series 2012-114, Class IO | 0.608 | 01-16-53 | 8,199,063 | 125,044 | |
Series 2012-120, Class IO | 0.641 | 02-16-53 | 4,017,181 | 63,179 | |
Series 2012-70, Class IO | 0.094 | 08-16-52 | 294,172 | 155 | |
Series 2013-63, Class IO | 0.745 | 09-16-51 | 4,455,621 | 93,557 | |
Series 2016-174, Class IO | 0.892 | 11-16-56 | 26,385,630 | 1,050,119 | |
Series 2017-109, Class IO | 0.230 | 04-16-57 | 42,640,747 | 779,375 | |
Series 2017-124, Class IO | 0.619 | 01-16-59 | 39,431,833 | 1,174,016 | |
Series 2017-135, Class IO | 0.720 | 10-16-58 | 50,832,515 | 2,037,992 | |
Series 2017-140, Class IO | 0.486 | 02-16-59 | 22,859,375 | 746,235 | |
Series 2017-159, Class IO | 0.434 | 06-16-59 | 34,165,965 | 1,052,182 | |
Series 2017-169, Class IO | 0.587 | 01-16-60 | 85,917,873 | 2,825,762 | |
Series 2017-20, Class IO | 0.530 | 12-16-58 | 79,381,398 | 1,981,804 | |
Series 2017-22, Class IO | 0.757 | 12-16-57 | 10,406,477 | 374,841 | |
Series 2017-41, Class IO | 0.594 | 07-16-58 | 31,943,955 | 871,626 | |
Series 2017-46, Class IO | 0.698 | 11-16-57 | 54,451,246 | 1,999,292 | |
Series 2017-61, Class IO | 0.745 | 05-16-59 | 19,411,751 | 707,077 | |
Series 2017-74, Class IO | 0.446 | 09-16-58 | 43,071,514 | 970,836 | |
Series 2017-89, Class IO | 0.495 | 07-16-59 | 35,983,484 | 1,097,745 | |
Series 2018-114, Class IO | 0.710 | 04-16-60 | 38,202,701 | 1,511,922 | |
Series 2018-158, Class IO | 0.773 | 05-16-61 | 78,079,226 | 3,793,097 | |
Series 2018-35, Class IO | 0.530 | 03-16-60 | 74,406,197 | 2,694,635 | |
Series 2018-43, Class IO | 0.438 | 05-16-60 | 93,880,430 | 3,066,501 | |
Series 2018-68, Class IO | 0.423 | 01-16-60 | 12,846,556 | 417,949 | |
Series 2018-69, Class IO | 0.611 | 04-16-60 | 33,266,446 | 1,501,049 | |
Series 2018-81, Class IO | 0.475 | 01-16-60 | 20,733,701 | 807,482 | |
Series 2018-9, Class IO | 0.443 | 01-16-60 | 57,034,609 | 1,718,561 | |
Series 2018-99, Class IO | 0.472 | 06-16-60 | 50,162,149 | 1,772,033 | |
Series 2019-131, Class IO | 0.802 | 07-16-61 | 63,929,059 | 3,471,361 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BOND FUND | 37 |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency (continued) | |||||
Series 2020-100, Class IO | 0.783 | 05-16-62 | 75,793,474 | $4,408,982 | |
Series 2020-108, Class IO | 0.847 | 06-16-62 | 188,919,309 | 11,086,786 | |
Series 2020-114, Class IO | 0.800 | 09-16-62 | 181,639,953 | 11,026,998 | |
Series 2020-118, Class IO | 0.881 | 06-16-62 | 152,352,407 | 9,331,829 | |
Series 2020-119, Class IO | 0.602 | 08-16-62 | 76,309,427 | 3,771,242 | |
Series 2020-120, Class IO | 0.761 | 05-16-62 | 42,478,661 | 2,453,219 | |
Series 2020-137, Class IO | 0.795 | 09-16-62 | 256,464,143 | 14,369,506 | |
Series 2020-150, Class IO | 0.961 | 12-16-62 | 124,371,500 | 8,771,002 | |
Series 2020-170, Class IO | 0.833 | 11-16-62 | 167,443,734 | 10,549,508 | |
Series 2020-92, Class IO | 0.878 | 02-16-62 | 31,251,812 | 2,036,777 | |
Series 2021-110, Class IO | 0.872 | 11-16-63 | 98,835,964 | 6,490,479 | |
Series 2021-163, Class IO | 0.800 | 03-16-64 | 119,928,300 | 7,516,374 | |
Series 2021-183, Class IO | 0.871 | 01-16-63 | 91,089,593 | 5,874,231 | |
Series 2021-3, Class IO | 0.867 | 09-16-62 | 214,295,936 | 13,688,731 | |
Series 2021-40, Class IO | 0.824 | 02-16-63 | 56,972,912 | 3,599,070 | |
Series 2022-150, Class IO | 0.823 | 06-16-64 | 22,379,650 | 1,491,165 | |
Series 2022-17, Class IO | 0.802 | 06-16-64 | 140,089,798 | 9,217,587 | |
Series 2022-181, Class IO | 0.715 | 07-16-64 | 69,158,292 | 5,076,620 | |
Series 2022-21, Class IO | 0.783 | 10-16-63 | 61,628,576 | 3,941,930 | |
Series 2022-53, Class IO | 0.712 | 06-16-64 | 231,211,654 | 12,767,554 | |
Series 2022-57, Class IO | 0.756 | 09-16-63 | 169,901,657 | 10,359,516 | |
Asset backed securities 6.0% | $1,293,344,853 | ||||
(Cost $1,450,971,678) | |||||
Asset backed securities 6.0% | 1,293,344,853 | ||||
ABPCI Direct Lending Fund I, Ltd. | |||||
Series 2020-1A, Class A (C) | 3.199 | 12-20-30 | 9,084,000 | 8,449,610 | |
Aligned Data Centers Issuer LLC | |||||
Series 2021-1A, Class A2 (C) | 1.937 | 08-15-46 | 48,454,000 | 42,689,103 | |
AMSR Trust | |||||
Series 2020-SFR4, Class A (C) | 1.355 | 11-17-37 | 9,927,000 | 9,010,202 | |
Series 2021-SFR4, Class A (C) | 2.117 | 12-17-38 | 5,614,000 | 5,002,198 | |
Applebee’s Funding LLC | |||||
Series 2023-1A, Class A2 (C) | 7.824 | 03-05-53 | 13,242,000 | 13,235,882 | |
Aqua Finance Trust | |||||
Series 2021-A, Class A (C) | 1.540 | 07-17-46 | 9,594,825 | 8,542,047 | |
Arby’s Funding LLC | |||||
Series 2020-1A, Class A2 (C) | 3.237 | 07-30-50 | 33,831,330 | 29,615,540 | |
Avis Budget Rental Car Funding AESOP LLC | |||||
Series 2019-3A, Class A (C) | 2.360 | 03-20-26 | 30,746,000 | 29,045,134 | |
Series 2020-1A, Class A (C) | 2.330 | 08-20-26 | 23,406,000 | 21,870,569 | |
BRE Grand Islander Timeshare Issuer LLC | |||||
Series 2019-A, Class A (C) | 3.280 | 09-26-33 | 7,283,055 | 6,887,364 | |
CARS-DB4 LP | |||||
Series 2020-1A, Class B1 (C) | 4.170 | 02-15-50 | 21,876,000 | 20,418,713 |
38 | JOHN HANCOCK BOND FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
CF Hippolyta Issuer LLC | |||||
Series 2020-1, Class A1 (C) | 1.690 | 07-15-60 | 32,673,044 | $29,503,203 | |
Series 2021-1A, Class A1 (C) | 1.530 | 03-15-61 | 31,424,971 | 27,453,348 | |
Chase Auto Credit Linked Notes | |||||
Series 2021-3, Class B (C) | 0.760 | 02-26-29 | 8,299,694 | 7,856,716 | |
CLI Funding VI LLC | |||||
Series 2020-1A, Class A (C) | 2.080 | 09-18-45 | 35,620,700 | 31,234,453 | |
CLI Funding VIII LLC | |||||
Series 2021-1A, Class A (C) | 1.640 | 02-18-46 | 27,030,805 | 23,367,966 | |
Series 2022-1A, Class A (C) | 2.720 | 01-18-47 | 19,710,690 | 17,168,271 | |
ContiMortgage Home Equity Loan Trust | |||||
Series 1995-2, Class A5 | 8.100 | 08-15-25 | 69,188 | 68,136 | |
CyrusOne Data Centers Issuer I LLC | |||||
Series 2023-1A, Class A2 (C) | 4.300 | 04-20-48 | 26,881,000 | 24,160,584 | |
DataBank Issuer | |||||
Series 2021-1A, Class A2 (C) | 2.060 | 02-27-51 | 16,189,140 | 14,343,151 | |
Series 2021-1A, Class C (C) | 4.430 | 02-27-51 | 3,400,000 | 2,945,815 | |
DB Master Finance LLC | |||||
Series 2017-1A, Class A2II (C) | 4.030 | 11-20-47 | 11,734,788 | 10,863,397 | |
Series 2021-1A, Class A2I (C) | 2.045 | 11-20-51 | 51,493,830 | 45,252,366 | |
Diamond Infrastructure Funding LLC | |||||
Series 2021-1A, Class C (C) | 3.475 | 04-15-49 | 6,825,000 | 5,963,627 | |
Domino’s Pizza Master Issuer LLC | |||||
Series 2017-1A, Class A23 (C) | 4.118 | 07-25-47 | 35,125,720 | 32,909,076 | |
Series 2021-1A, Class A2I (C) | 2.662 | 04-25-51 | 24,208,940 | 20,840,823 | |
Driven Brands Funding LLC | |||||
Series 2020-2A, Class A2 (C) | 3.237 | 01-20-51 | 21,839,305 | 18,837,864 | |
Series 2021-1A, Class A2 (C) | 2.791 | 10-20-51 | 30,457,185 | 25,100,984 | |
ExteNet LLC | |||||
Series 2019-1A, Class C (C) | 5.219 | 07-26-49 | 7,100,000 | 6,700,326 | |
FirstKey Homes Trust | |||||
Series 2020-SFR1, Class A (C) | 1.339 | 08-17-37 | 39,037,256 | 35,647,522 | |
Series 2020-SFR2, Class A (C) | 1.266 | 10-19-37 | 25,534,190 | 23,111,240 | |
Series 2021-SFR1, Class A (C) | 1.538 | 08-17-38 | 18,535,282 | 16,363,231 | |
Series 2021-SFR1, Class D (C) | 2.189 | 08-17-38 | 23,526,000 | 20,306,027 | |
Five Guys Funding LLC | |||||
Series 2017-1A, Class A2 (C) | 4.600 | 07-25-47 | 16,942,985 | 16,498,977 | |
Golub Capital Partners Funding, Ltd. | |||||
Series 2020-1A, Class A2 (C) | 3.208 | 01-22-29 | 22,181,000 | 20,545,684 | |
Series 2021-1A, Class A2 (C) | 2.773 | 04-20-29 | 24,582,000 | 22,794,576 | |
HI-FI Music IP Issuer LP | |||||
Series 2022-1A, Class A2 (C) | 3.939 | 02-01-62 | 21,357,000 | 19,587,421 | |
Hilton Grand Vacations Trust | |||||
Series 2018-AA, Class A (C) | 3.540 | 02-25-32 | 3,629,126 | 3,502,817 | |
Series 2022-1D, Class B (C) | 4.100 | 06-20-34 | 2,175,760 | 2,065,098 | |
Home Partners of America Trust | |||||
Series 2021-2, Class A (C) | 1.901 | 12-17-26 | 10,314,669 | 9,116,956 | |
Hotwire Funding LLC | |||||
Series 2021-1, Class C (C) | 4.459 | 11-20-51 | 4,950,000 | 4,177,765 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BOND FUND | 39 |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
Jack in the Box Funding LLC | |||||
Series 2019-1A, Class A23 (C) | 4.970 | 08-25-49 | 8,539,440 | $7,735,964 | |
Series 2022-1A, Class A2I (C) | 3.445 | 02-26-52 | 27,487,200 | 24,381,229 | |
Laurel Road Prime Student Loan Trust | |||||
Series 2019-A, Class A2FX (C) | 2.730 | 10-25-48 | 1,505,991 | 1,455,943 | |
MetroNet Infrastructure Issuer LLC | |||||
Series 2023-1A, Class A2 (C) | 6.560 | 04-20-53 | 15,591,000 | 15,410,347 | |
MVW Owner Trust | |||||
Series 2018-1A, Class A (C) | 3.450 | 01-21-36 | 6,990,944 | 6,786,194 | |
Navient Private Education Loan Trust | |||||
Series 2016-AA, Class A2A (C) | 3.910 | 12-15-45 | 3,295,295 | 3,183,171 | |
Navient Private Education Refi Loan Trust | |||||
Series 2019-FA, Class A2 (C) | 2.600 | 08-15-68 | 9,655,258 | 8,946,933 | |
Navient Student Loan Trust | |||||
Series 2020-2A, Class A1A (C) | 1.320 | 08-26-69 | 16,147,295 | 13,735,464 | |
Neighborly Issuer LLC | |||||
Series 2021-1A, Class A2 (C) | 3.584 | 04-30-51 | 41,916,560 | 35,234,012 | |
Series 2022-1A, Class A2 (C) | 3.695 | 01-30-52 | 18,351,700 | 15,185,848 | |
New Economy Assets Phase 1 Sponsor LLC | |||||
Series 2021-1, Class A1 (C) | 1.910 | 10-20-61 | 41,424,000 | 35,739,600 | |
Series 2021-1, Class B1 (C) | 2.410 | 10-20-61 | 12,548,000 | 10,525,950 | |
NRZ Excess Spread-Collateralized Notes | |||||
Series 2021-FHT1, Class A (C) | 3.104 | 07-25-26 | 4,963,048 | 4,416,794 | |
Oxford Finance Funding LLC | |||||
Series 2019-1A, Class A2 (C) | 4.459 | 02-15-27 | 3,732,281 | 3,702,886 | |
Series 2020-1A, Class A2 (C) | 3.101 | 02-15-28 | 1,441,568 | 1,427,881 | |
Progress Residential Trust | |||||
Series 2020-SFR1, Class A (C) | 1.732 | 04-17-37 | 15,458,792 | 14,369,273 | |
Series 2021-SFR8, Class B (C) | 1.681 | 10-17-38 | 13,890,000 | 12,053,334 | |
Renaissance Home Equity Loan Trust | |||||
Series 2005-2, Class AF4 | 5.434 | 08-25-35 | 2,159,680 | 2,113,291 | |
SCF Equipment Leasing LLC | |||||
Series 2021-1A, Class E (C) | 3.560 | 08-20-32 | 3,300,000 | 3,027,282 | |
Sesac Finance LLC | |||||
Series 2019-1, Class A2 (C) | 5.216 | 07-25-49 | 30,128,175 | 28,356,548 | |
Sierra Timeshare Receivables Funding LLC | |||||
Series 2018-3A, Class D (C) | 5.200 | 09-20-35 | 1,083,736 | 1,057,037 | |
Series 2019-1A, Class A (C) | 3.200 | 01-20-36 | 1,855,280 | 1,785,686 | |
Series 2021-1A, Class D (C) | 3.170 | 11-20-37 | 1,773,565 | 1,619,834 | |
SMB Private Education Loan Trust | |||||
Series 2019-B, Class A2A (C) | 2.840 | 06-15-37 | 17,293,766 | 16,249,259 | |
Series 2020-PTA, Class A2A (C) | 1.600 | 09-15-54 | 16,722,919 | 14,983,187 | |
Series 2021-A, Class APT2 (C) | 1.070 | 01-15-53 | 11,395,550 | 9,975,606 | |
Sonic Capital LLC | |||||
Series 2020-1A, Class A2I (C) | 3.845 | 01-20-50 | 26,935,332 | 24,554,492 | |
Series 2021-1A, Class A2I (C) | 2.190 | 08-20-51 | 22,654,033 | 18,325,595 | |
Sunbird Engine Finance LLC | |||||
Series 2020-1A, Class A (C) | 3.671 | 02-15-45 | 8,516,207 | 7,143,367 |
40 | JOHN HANCOCK BOND FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
Taco Bell Funding LLC | |||||
Series 2021-1A, Class A2I (C) | 1.946 | 08-25-51 | 44,622,470 | $38,698,882 | |
TIF Funding II LLC | |||||
Series 2021-1A, Class A (C) | 1.650 | 02-20-46 | 17,895,075 | 15,128,282 | |
Triton Container Finance VIII LLC | |||||
Series 2020-1A, Class A (C) | 2.110 | 09-20-45 | 38,981,413 | 33,944,356 | |
Series 2021-1A, Class A (C) | 1.860 | 03-20-46 | 23,199,037 | 19,799,427 | |
Vantage Data Centers LLC | |||||
Series 2020-1A, Class A2 (C) | 1.645 | 09-15-45 | 26,045,000 | 23,412,142 | |
Series 2020-2A, Class A2 (C) | 1.992 | 09-15-45 | 20,898,000 | 17,790,003 | |
VR Funding LLC | |||||
Series 2020-1A, Class A (C) | 2.790 | 11-15-50 | 26,659,867 | 23,374,985 | |
Wendy’s Funding LLC | |||||
Series 2021-1A, Class A2I (C) | 2.370 | 06-15-51 | 25,410,398 | 21,302,273 | |
Willis Engine Structured Trust V | |||||
Series 2020-A, Class A (C) | 3.228 | 03-15-45 | 7,003,449 | 5,958,675 | |
Zaxby’s Funding LLC | |||||
Series 2021-1A, Class A2 (C) | 3.238 | 07-30-51 | 20,852,580 | 17,400,039 | |
Shares | Value | ||||
Common stocks 0.1% | $17,733,651 | ||||
(Cost $44,215,344) | |||||
Energy 0.0% | 1,842,615 | ||||
Oil, gas and consumable fuels 0.0% | |||||
Altera Infrastructure LP (H) | 68,245 | 1,842,615 | |||
Utilities 0.1% | 15,891,036 | ||||
Multi-utilities 0.1% | |||||
Algonquin Power & Utilities Corp. | 537,950 | 15,891,036 | |||
Preferred securities 0.1% | $20,012,302 | ||||
(Cost $25,633,341) | |||||
Communication services 0.0% | 6,198,968 | ||||
Wireless telecommunication services 0.0% | |||||
Telephone & Data Systems, Inc., 6.625% | 468,200 | 6,198,968 | |||
Financials 0.0% | 2,409,605 | ||||
Banks 0.0% | |||||
Wells Fargo & Company, 7.500% | 2,139 | 2,409,605 | |||
Utilities 0.1% | 11,403,729 | ||||
Multi-utilities 0.1% | |||||
NiSource, Inc., 7.750% | 111,900 | 11,403,729 | |||
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BOND FUND | 41 |
Par value^ | Value | ||||
Escrow certificates 0.0% | $38,202 | ||||
(Cost $0) | |||||
LSC Communications, Inc. (C)(H)(I) | 19,591,000 | 38,202 | |||
Yield (%) | Shares | Value | |||
Short-term investments 2.5% | $541,208,050 | ||||
(Cost $541,195,350) | |||||
Short-term funds 2.5% | 541,208,050 | ||||
John Hancock Collateral Trust (J) | 4.5317(K) | 54,145,712 | 541,208,050 |
Total investments (Cost $23,887,611,927) 101.4% | $21,974,434,409 | ||||
Other assets and liabilities, net (1.4%) | (293,586,258) | ||||
Total net assets 100.0% | $21,680,848,151 |
Rate (%) | Maturity date | Par value^ | Value | ||
Sale commitments outstanding (0.0%) | $(1,933,906) | ||||
(Proceeds received $1,948,384) | |||||
U.S. Government Agency (0.0%) | (1,933,906) | ||||
Federal National Mortgage Association (A) | 4.500 | TBA | (2,000,000) | (1,933,906) |
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 | |
CME | Chicago Mercantile Exchange |
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. |
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 $5,126,232,206 or 23.6% of the fund’s net assets as of 5-31-23. |
(D) | All or a portion of this security is on loan as of 5-31-23. |
(E) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
(F) | Term loans are variable rate obligations. The coupon rate shown represents the rate at period end. |
(G) | 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. |
(H) | Non-income producing security. |
(I) | 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. |
42 | JOHN HANCOCK BOND FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
(J) | Investment is an affiliate of the fund, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending. Market value of this investment amounted to $48,039,361. |
(K) | The rate shown is the annualized seven-day yield as of 5-31-23. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK BOND FUND | 43 |
Open contracts | Number of contracts | Position | Expiration date | Notional basis^ | Notional value^ | Unrealized appreciation (depreciation) |
10-Year U.S. Treasury Note Futures | 3,000 | Long | Sep 2023 | $342,397,193 | $343,406,250 | $1,009,057 |
$1,009,057 |
44 | JOHN HANCOCK BOND FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $23,346,416,577) including $47,054,161 of securities loaned | $21,433,226,359 |
Affiliated investments, at value (Cost $541,195,350) | 541,208,050 |
Total investments, at value (Cost $23,887,611,927) | 21,974,434,409 |
Receivable for futures variation margin | 1,355,064 |
Collateral held at broker for futures contracts | 6,525,000 |
Dividends and interest receivable | 156,986,281 |
Receivable for fund shares sold | 57,280,542 |
Receivable for investments sold | 160,507,865 |
Receivable for securities lending income | 18,652 |
Other assets | 2,260,748 |
Total assets | 22,359,368,561 |
Liabilities | |
Payable for sale commitments outstanding, at value (Proceeds received $1,948,384) | 1,933,906 |
Due to custodian | 225,836 |
Distributions payable | 1,288,530 |
Payable for investments purchased | 34,576,273 |
Payable for delayed delivery securities purchased | 559,504,061 |
Payable for fund shares repurchased | 28,905,575 |
Payable upon return of securities loaned | 48,047,201 |
Payable to affiliates | |
Accounting and legal services fees | 1,634,556 |
Transfer agent fees | 839,327 |
Distribution and service fees | 115,249 |
Trustees’ fees | 39,758 |
Other liabilities and accrued expenses | 1,410,138 |
Total liabilities | 678,520,410 |
Net assets | $21,680,848,151 |
Net assets consist of | |
Paid-in capital | $25,655,505,100 |
Total distributable earnings (loss) | (3,974,656,949) |
Net assets | $21,680,848,151 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Bond Fund | 45 |
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 ($1,756,019,983 ÷ 130,507,122 shares)1 | $13.46 |
Class C ($114,772,425 ÷ 8,529,760 shares)1 | $13.46 |
Class I ($5,678,096,800 ÷ 421,952,147 shares) | $13.46 |
Class R2 ($61,488,157 ÷ 4,564,352 shares) | $13.47 |
Class R4 ($40,059,632 ÷ 2,973,100 shares) | $13.47 |
Class R6 ($10,572,825,549 ÷ 784,308,738 shares) | $13.48 |
Class NAV ($3,457,585,605 ÷ 256,594,272 shares) | $13.47 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 96%)2 | $14.02 |
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. |
46 | JOHN HANCOCK Bond Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Investment income | |
Interest | $831,309,734 |
Dividends from affiliated investments | 21,498,608 |
Dividends | 4,103,473 |
Securities lending | 281,918 |
Less foreign taxes withheld | (255,146) |
Total investment income | 856,938,587 |
Expenses | |
Investment management fees | 64,984,473 |
Distribution and service fees | 7,099,489 |
Accounting and legal services fees | 4,085,795 |
Transfer agent fees | 9,195,816 |
Trustees’ fees | 495,696 |
Custodian fees | 2,322,638 |
State registration fees | 493,653 |
Printing and postage | 912,609 |
Professional fees | 822,631 |
Other | 1,015,771 |
Total expenses | 91,428,571 |
Less expense reductions | (1,786,534) |
Net expenses | 89,642,037 |
Net investment income | 767,296,550 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments | (1,163,974,372) |
Affiliated investments | (17,098) |
Futures contracts | (8,657,772) |
(1,172,649,242) | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments | (151,702,175) |
Affiliated investments | (4,648) |
Futures contracts | 3,213,316 |
(148,493,507) | |
Net realized and unrealized loss | (1,321,142,749) |
Decrease in net assets from operations | $(553,846,199) |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Bond Fund | 47 |
Year ended 5-31-23 | Year ended 5-31-22 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $767,296,550 | $699,888,088 |
Net realized loss | (1,172,649,242) | (547,584,910) |
Change in net unrealized appreciation (depreciation) | (148,493,507) | (2,301,596,492) |
Decrease in net assets resulting from operations | (553,846,199) | (2,149,293,314) |
Distributions to shareholders | ||
From earnings | ||
Class A | (63,757,412) | (77,534,219) |
Class C | (3,905,382) | (6,130,537) |
Class I | (201,997,085) | (245,100,676) |
Class R2 | (2,028,089) | (3,147,279) |
Class R4 | (2,273,252) | (2,852,798) |
Class R6 | (408,347,290) | (453,555,668) |
Class NAV | (141,883,232) | (171,035,504) |
Total distributions | (824,191,742) | (959,356,681) |
From fund share transactions | 1,187,915,822 | 1,386,551,880 |
Total decrease | (190,122,119) | (1,722,098,115) |
Net assets | ||
Beginning of year | 21,870,970,270 | 23,593,068,385 |
End of year | $21,680,848,151 | $21,870,970,270 |
48 | JOHN HANCOCK Bond Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS A SHARES Period ended | 5-31-23 | 5-31-22 | 5-31-21 | 5-31-20 | 5-31-19 |
Per share operating performance | |||||
Net asset value, beginning of period | $14.34 | $16.32 | $16.37 | $15.83 | $15.41 |
Net investment income1 | 0.46 | 0.41 | 0.44 | 0.45 | 0.49 |
Net realized and unrealized gain (loss) on investments | (0.85) | (1.82) | 0.19 | 0.68 | 0.46 |
Total from investment operations | (0.39) | (1.41) | 0.63 | 1.13 | 0.95 |
Less distributions | |||||
From net investment income | (0.49) | (0.48) | (0.50) | (0.49) | (0.53) |
From net realized gain | — | (0.09) | (0.18) | (0.10) | — |
Total distributions | (0.49) | (0.57) | (0.68) | (0.59) | (0.53) |
Net asset value, end of period | $13.46 | $14.34 | $16.32 | $16.37 | $15.83 |
Total return (%)2,3 | (2.66) | (8.89) | 3.83 | 7.22 | 6.33 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $1,756 | $1,903 | $2,139 | $2,100 | $1,688 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.78 | 0.76 | 0.78 | 0.79 | 0.78 |
Expenses including reductions | 0.77 | 0.76 | 0.77 | 0.78 | 0.78 |
Net investment income | 3.35 | 2.56 | 2.65 | 2.82 | 3.21 |
Portfolio turnover (%) | 108 | 110 | 98 | 125 | 106 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Bond Fund | 49 |
CLASS C SHARES Period ended | 5-31-23 | 5-31-22 | 5-31-21 | 5-31-20 | 5-31-19 |
Per share operating performance | |||||
Net asset value, beginning of period | $14.34 | $16.32 | $16.37 | $15.84 | $15.41 |
Net investment income1 | 0.36 | 0.29 | 0.32 | 0.34 | 0.39 |
Net realized and unrealized gain (loss) on investments | (0.84) | (1.81) | 0.19 | 0.66 | 0.46 |
Total from investment operations | (0.48) | (1.52) | 0.51 | 1.00 | 0.85 |
Less distributions | |||||
From net investment income | (0.40) | (0.37) | (0.38) | (0.37) | (0.42) |
From net realized gain | — | (0.09) | (0.18) | (0.10) | — |
Total distributions | (0.40) | (0.46) | (0.56) | (0.47) | (0.42) |
Net asset value, end of period | $13.46 | $14.34 | $16.32 | $16.37 | $15.84 |
Total return (%)2,3 | (3.34) | (9.53) | 3.10 | 6.41 | 5.66 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $115 | $164 | $239 | $278 | $252 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.48 | 1.46 | 1.48 | 1.49 | 1.48 |
Expenses including reductions | 1.47 | 1.46 | 1.47 | 1.48 | 1.48 |
Net investment income | 2.63 | 1.85 | 1.94 | 2.11 | 2.51 |
Portfolio turnover (%) | 108 | 110 | 98 | 125 | 106 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
50 | JOHN HANCOCK Bond Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS I SHARES Period ended | 5-31-23 | 5-31-22 | 5-31-21 | 5-31-20 | 5-31-19 |
Per share operating performance | |||||
Net asset value, beginning of period | $14.35 | $16.33 | $16.37 | $15.84 | $15.41 |
Net investment income1 | 0.50 | 0.45 | 0.49 | 0.50 | 0.53 |
Net realized and unrealized gain (loss) on investments | (0.86) | (1.81) | 0.20 | 0.67 | 0.47 |
Total from investment operations | (0.36) | (1.36) | 0.69 | 1.17 | 1.00 |
Less distributions | |||||
From net investment income | (0.53) | (0.53) | (0.55) | (0.54) | (0.57) |
From net realized gain | — | (0.09) | (0.18) | (0.10) | — |
Total distributions | (0.53) | (0.62) | (0.73) | (0.64) | (0.57) |
Net asset value, end of period | $13.46 | $14.35 | $16.33 | $16.37 | $15.84 |
Total return (%)2 | (2.44) | (8.61) | 4.20 | 7.47 | 6.70 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $5,678 | $5,375 | $6,244 | $4,693 | $2,928 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.48 | 0.46 | 0.48 | 0.49 | 0.50 |
Expenses including reductions | 0.47 | 0.46 | 0.47 | 0.48 | 0.49 |
Net investment income | 3.65 | 2.86 | 2.95 | 3.11 | 3.48 |
Portfolio turnover (%) | 108 | 110 | 98 | 125 | 106 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Bond Fund | 51 |
CLASS R2 SHARES Period ended | 5-31-23 | 5-31-22 | 5-31-21 | 5-31-20 | 5-31-19 |
Per share operating performance | |||||
Net asset value, beginning of period | $14.36 | $16.34 | $16.39 | $15.85 | $15.42 |
Net investment income1 | 0.45 | 0.39 | 0.43 | 0.44 | 0.48 |
Net realized and unrealized gain (loss) on investments | (0.86) | (1.81) | 0.18 | 0.67 | 0.47 |
Total from investment operations | (0.41) | (1.42) | 0.61 | 1.11 | 0.95 |
Less distributions | |||||
From net investment income | (0.48) | (0.47) | (0.48) | (0.47) | (0.52) |
From net realized gain | — | (0.09) | (0.18) | (0.10) | — |
Total distributions | (0.48) | (0.56) | (0.66) | (0.57) | (0.52) |
Net asset value, end of period | $13.47 | $14.36 | $16.34 | $16.39 | $15.85 |
Total return (%)2 | (2.81) | (8.96) | 3.73 | 7.12 | 6.29 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $61 | $65 | $111 | $105 | $86 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.86 | 0.86 | 0.87 | 0.87 | 0.88 |
Expenses including reductions | 0.85 | 0.85 | 0.86 | 0.87 | 0.88 |
Net investment income | 3.27 | 2.44 | 2.56 | 2.73 | 3.11 |
Portfolio turnover (%) | 108 | 110 | 98 | 125 | 106 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
52 | JOHN HANCOCK Bond Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R4 SHARES Period ended | 5-31-23 | 5-31-22 | 5-31-21 | 5-31-20 | 5-31-19 |
Per share operating performance | |||||
Net asset value, beginning of period | $14.37 | $16.35 | $16.39 | $15.86 | $15.43 |
Net investment income1 | 0.47 | 0.44 | 0.47 | 0.48 | 0.52 |
Net realized and unrealized gain (loss) on investments | (0.85) | (1.82) | 0.19 | 0.66 | 0.47 |
Total from investment operations | (0.38) | (1.38) | 0.66 | 1.14 | 0.99 |
Less distributions | |||||
From net investment income | (0.52) | (0.51) | (0.52) | (0.51) | (0.56) |
From net realized gain | — | (0.09) | (0.18) | (0.10) | — |
Total distributions | (0.52) | (0.60) | (0.70) | (0.61) | (0.56) |
Net asset value, end of period | $13.47 | $14.37 | $16.35 | $16.39 | $15.86 |
Total return (%)2 | (2.64) | (8.72) | 4.05 | 7.32 | 6.55 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $40 | $81 | $62 | $55 | $44 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.72 | 0.71 | 0.72 | 0.72 | 0.74 |
Expenses including reductions | 0.61 | 0.60 | 0.61 | 0.62 | 0.63 |
Net investment income | 3.45 | 2.76 | 2.81 | 2.99 | 3.36 |
Portfolio turnover (%) | 108 | 110 | 98 | 125 | 106 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Bond Fund | 53 |
CLASS R6 SHARES Period ended | 5-31-23 | 5-31-22 | 5-31-21 | 5-31-20 | 5-31-19 |
Per share operating performance | |||||
Net asset value, beginning of period | $14.37 | $16.35 | $16.40 | $15.86 | $15.43 |
Net investment income1 | 0.51 | 0.47 | 0.51 | 0.52 | 0.55 |
Net realized and unrealized gain (loss) on investments | (0.85) | (1.81) | 0.19 | 0.67 | 0.47 |
Total from investment operations | (0.34) | (1.34) | 0.70 | 1.19 | 1.02 |
Less distributions | |||||
From net investment income | (0.55) | (0.55) | (0.57) | (0.55) | (0.59) |
From net realized gain | — | (0.09) | (0.18) | (0.10) | — |
Total distributions | (0.55) | (0.64) | (0.75) | (0.65) | (0.59) |
Net asset value, end of period | $13.48 | $14.37 | $16.35 | $16.40 | $15.86 |
Total return (%)2 | (2.32) | (8.50) | 4.25 | 7.65 | 6.81 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $10,573 | $10,523 | $10,341 | $7,305 | $6,560 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.37 | 0.36 | 0.37 | 0.37 | 0.39 |
Expenses including reductions | 0.36 | 0.35 | 0.36 | 0.37 | 0.38 |
Net investment income | 3.76 | 2.97 | 3.05 | 3.22 | 3.61 |
Portfolio turnover (%) | 108 | 110 | 98 | 125 | 106 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
54 | JOHN HANCOCK Bond Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS NAV SHARES Period ended | 5-31-23 | 5-31-22 | 5-31-21 | 5-31-20 | 5-31-19 |
Per share operating performance | |||||
Net asset value, beginning of period | $14.37 | $16.35 | $16.39 | $15.86 | $15.43 |
Net investment income1 | 0.51 | 0.47 | 0.51 | 0.52 | 0.56 |
Net realized and unrealized gain (loss) on investments | (0.86) | (1.81) | 0.20 | 0.67 | 0.47 |
Total from investment operations | (0.35) | (1.34) | 0.71 | 1.19 | 1.03 |
Less distributions | |||||
From net investment income | (0.55) | (0.55) | (0.57) | (0.56) | (0.60) |
From net realized gain | — | (0.09) | (0.18) | (0.10) | — |
Total distributions | (0.55) | (0.64) | (0.75) | (0.66) | (0.60) |
Net asset value, end of period | $13.47 | $14.37 | $16.35 | $16.39 | $15.86 |
Total return (%)2 | (2.38) | (8.49) | 4.32 | 7.60 | 6.83 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $3,458 | $3,759 | $4,458 | $3,739 | $4,461 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.36 | 0.35 | 0.36 | 0.36 | 0.37 |
Expenses including reductions | 0.35 | 0.34 | 0.35 | 0.35 | 0.37 |
Net investment income | 3.77 | 2.98 | 3.07 | 3.23 | 3.63 |
Portfolio turnover (%) | 108 | 110 | 98 | 125 | 106 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Bond Fund | 55 |
56 | JOHN HANCOCK Bond Fund | ANNUAL REPORT |
Total value at 5-31-23 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
U.S. Government and Agency obligations | $10,206,823,459 | — | $10,206,823,459 | — |
Foreign government obligations | 37,558,204 | — | 37,558,204 | — |
Corporate bonds | 8,583,927,174 | — | 8,583,927,174 | — |
Municipal bonds | 51,981,001 | — | 51,981,001 | — |
Term loans | 9,932,944 | — | 9,932,944 | — |
Collateralized mortgage obligations | 1,211,874,569 | — | 1,211,874,569 | — |
Asset backed securities | 1,293,344,853 | — | 1,293,344,853 | — |
Common stocks | 17,733,651 | $15,891,036 | 1,842,615 | — |
Preferred securities | 20,012,302 | 20,012,302 | — | — |
Escrow certificates | 38,202 | — | — | $38,202 |
Short-term investments | 541,208,050 | 541,208,050 | — | — |
Total investments in securities | $21,974,434,409 | $577,111,388 | $21,397,284,819 | $38,202 |
Liabilities | ||||
Sale commitments outstanding | $(1,933,906) | — | $(1,933,906) | — |
Derivatives: | ||||
Assets | ||||
Futures | 1,009,057 | $1,009,057 | — | — |
ANNUAL REPORT | JOHN HANCOCK Bond Fund | 57 |
58 | JOHN HANCOCK Bond Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK Bond Fund | 59 |
May 31, 2023 | May 31, 2022 | |
Ordinary income | $824,191,742 | $815,049,274 |
Long-term capital gains | — | 144,307,407 |
Total | $824,191,742 | $959,356,681 |
60 | JOHN HANCOCK Bond Fund | ANNUAL REPORT |
Risk | Statement of assets and liabilities location | Financial instruments location | Assets derivatives fair value | Liabilities derivatives fair value |
Interest rate | Receivable/payable for futures variation margin1 | Futures | $1,009,057 | — |
1 | Reflects cumulative appreciation/depreciation on open futures as disclosed in the Derivatives section of Fund’s investments. Only the year end variation margin receivable/payable is separately reported on the Statement of assets and liabilities. |
ANNUAL REPORT | JOHN HANCOCK Bond Fund | 61 |
Statement of operations location - Net realized gain (loss) on: | |
Risk | Futures contracts |
Interest rate | $(8,657,772) |
Statement of operations location - Change in net unrealized appreciation (depreciation) of: | |
Risk | Futures contracts |
Interest rate | $3,213,316 |
62 | JOHN HANCOCK Bond Fund | ANNUAL REPORT |
Class | Expense reduction |
Class A | $146,058 |
Class C | 11,133 |
Class I | 426,898 |
Class R2 | 4,752 |
Class | Expense reduction |
Class R4 | $5,024 |
Class R6 | 840,571 |
Class NAV | 291,599 |
Total | $1,726,035 |
Class | Rule 12b-1 Fee | Service fee |
Class A | 0.30% | — |
Class C | 1.00% | — |
Class R2 | 0.25% | 0.25% |
Class R4 | 0.25% | 0.10% |
ANNUAL REPORT | JOHN HANCOCK Bond Fund | 63 |
Class | Distribution and service fees | Transfer agent fees |
Class A | $5,271,634 | $2,057,549 |
Class C | 1,336,564 | 156,578 |
Class I | — | 6,030,423 |
Class R2 | 281,413 | 5,314 |
Class R4 | 209,878 | 5,690 |
Class R6 | — | 940,262 |
Total | $7,099,489 | $9,195,816 |
Year Ended 5-31-23 | Year Ended 5-31-22 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 27,049,872 | $367,649,995 | 26,471,650 | $420,880,342 |
Distributions reinvested | 4,564,919 | 61,903,870 | 4,739,752 | 75,056,680 |
Repurchased | (33,783,518) | (458,642,772) | (29,571,430) | (461,632,481) |
Net increase (decrease) | (2,168,727) | $(29,088,907) | 1,639,972 | $34,304,541 |
Class C shares | ||||
Sold | 1,062,035 | $14,445,958 | 1,125,061 | $18,041,512 |
Distributions reinvested | 271,873 | 3,688,477 | 365,947 | 5,812,293 |
Repurchased | (4,267,223) | (57,882,550) | (4,677,838) | (73,548,592) |
Net decrease | (2,933,315) | $(39,748,115) | (3,186,830) | $(49,694,787) |
64 | JOHN HANCOCK Bond Fund | ANNUAL REPORT |
Year Ended 5-31-23 | Year Ended 5-31-22 | |||
Shares | Amount | Shares | Amount | |
Class I shares | ||||
Sold | 215,004,422 | $2,927,581,229 | 153,870,329 | $2,428,787,996 |
Distributions reinvested | 14,161,580 | 192,054,975 | 14,566,680 | 230,704,012 |
Repurchased | (181,899,662) | (2,471,750,349) | (176,193,547) | (2,736,245,000) |
Net increase (decrease) | 47,266,340 | $647,885,855 | (7,756,538) | $(76,752,992) |
Class R2 shares | ||||
Sold | 1,408,307 | $19,048,521 | 1,187,593 | $19,052,306 |
Distributions reinvested | 106,713 | 1,449,262 | 148,465 | 2,371,194 |
Repurchased | (1,478,642) | (20,205,654) | (3,573,485) | (57,315,979) |
Net increase (decrease) | 36,378 | $292,129 | (2,237,427) | $(35,892,479) |
Class R4 shares | ||||
Sold | 731,837 | $9,961,223 | 2,382,827 | $38,238,204 |
Distributions reinvested | 159,703 | 2,169,935 | 180,798 | 2,850,493 |
Repurchased | (3,551,096) | (47,552,251) | (714,706) | (11,228,491) |
Net increase (decrease) | (2,659,556) | $(35,421,093) | 1,848,919 | $29,860,206 |
Class R6 shares | ||||
Sold | 190,337,568 | $2,595,020,354 | 213,638,574 | $3,417,996,846 |
Distributions reinvested | 29,929,928 | 406,597,361 | 28,483,472 | 451,151,271 |
Repurchased | (168,175,944) | (2,289,073,857) | (142,198,884) | (2,211,545,432) |
Net increase | 52,091,552 | $712,543,858 | 99,923,162 | $1,657,602,685 |
Class NAV shares | ||||
Sold | 10,851,713 | $149,877,212 | 6,120,924 | $96,971,135 |
Distributions reinvested | 10,448,575 | 141,883,232 | 10,784,239 | 171,035,504 |
Repurchased | (26,395,605) | (360,308,349) | (27,916,110) | (440,881,933) |
Net decrease | (5,095,317) | $(68,547,905) | (11,010,947) | $(172,875,294) |
Total net increase | 86,537,355 | $1,187,915,822 | 79,220,311 | $1,386,551,880 |
ANNUAL REPORT | JOHN HANCOCK Bond Fund | 65 |
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* | 54,145,712 | $92,648,841 | $9,535,036,801 | $(9,086,455,846) | $(17,098) | $(4,648) | $21,780,526 | — | $541,208,050 |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
66 | JOHN HANCOCK Bond Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK Bond Fund | 67 |
68 | JOHN HANCOCK BOND FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK BOND FUND | 69 |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining shareholders’ interests in the Fund; |
70 | JOHN HANCOCK BOND FUND | ANNUAL REPORT |
• | The Fund did not experience any breaches of the 15% limit on illiquid investments, or any applicable HLIM, that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office, as a part of their annual Rule 38a-1 assessment of the Fund’s policies and procedures, reviewed the LRMP’s control environment and deemed it to be operating effectively and in compliance with the Board approved procedures. |
ANNUAL REPORT | JOHN HANCOCK BOND FUND | 71 |
Independent Trustees | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Hassell H. McClellan, Born: 1945 | 2012 | 186 |
Trustee and Chairperson of the Board | ||
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | ||
James R. Boyle, Born: 1959 | 2015 | 183 |
Trustee | ||
Board Member, United of Omaha Life Insurance Company (since 2022). Board Member, Mutual of Omaha Investor Services, Inc. (since 2022). Foresters Financial, Chief Executive Officer (2018–2022) and board member (2017–2022). Manulife Financial and John Hancock, more than 20 years, retiring in 2012 as Chief Executive Officer, John Hancock and Senior Executive Vice President, Manulife Financial. Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | ||
William H. Cunningham,2 Born: 1944 | 2005 | 184 |
Trustee | ||
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | ||
Noni L. Ellison,* Born: 1971 | 2022 | 183 |
Trustee | ||
Senior Vice President, General Counsel & Corporate Secretary, Tractor Supply Company (rural lifestyle retailer) (since 2021); General Counsel, Chief Compliance Officer & Corporate Secretary, Carestream Dental, L.L.C.(2017–2021); Associate General Counsel & Assistant Corporate Secretary, W.W. Grainger, Inc. (global industrial supplier) (2015–2017); Board Member, Goodwill of North Georgia, 2018 (FY2019)–2020 (FY2021); Board Member, Howard University School of Law Board of Visitors (since 2021); Board Member, University of Chicago Law School Board of Visitors (since 2016); Board member, Children’s Healthcare of Atlanta Foundation Board (2021–present). Trustee of various trusts within the John Hancock Fund Complex (since 2022). | ||
Grace K. Fey, Born: 1946 | 2012 | 186 |
Trustee | ||
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | ||
Dean C. Garfield,* Born: 1968 | 2022 | 183 |
Trustee | ||
Vice President, Netflix, Inc. (since 2019); President & Chief Executive Officer, Information Technology Industry Council (2009–2019); NYU School of Law Board of Trustees (since 2021); Member, U.S. Department of Transportation, Advisory Committee on Automation (since 2021); President of the United States Trade Advisory Council (2010–2018); Board Member, College for Every Student (2017–2021); Board Member, The Seed School of Washington, D.C. (2012–2017). Trustee of various trusts within the John Hancock Fund Complex (since 2022). |
72 | JOHN HANCOCK BOND FUND | ANNUAL REPORT |
Independent Trustees (continued) | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Deborah C. Jackson, Born: 1952 | 2008 | 185 |
Trustee | ||
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | ||
Patricia Lizarraga,2,* Born: 1966 | 2022 | 183 |
Trustee | ||
Founder, Chief Executive Officer, Hypatia Capital Group (advisory and asset management company) (since 2007); Independent Director, Audit Committee Chair, and Risk Committee Member, Credicorp, Ltd. (since 2017); Independent Director, Audit Committee Chair, Banco De Credito Del Peru (since 2017); Trustee, Museum of Art of Lima (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2022). | ||
Steven R. Pruchansky, Born: 1944 | 2005 | 183 |
Trustee and Vice Chairperson of the Board | ||
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. | ||
Frances G. Rathke,2 Born: 1960 | 2020 | 183 |
Trustee | ||
Director, Audit Committee Chair, Oatly Group AB (plant-based drink company) (since 2021); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director and Audit Committee Chair, Planet Fitness (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015). Trustee of various trusts within the John Hancock Fund Complex (since 2020). | ||
Gregory A. Russo, Born: 1949 | 2009 | 183 |
Trustee | ||
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018), and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Global Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
ANNUAL REPORT | JOHN HANCOCK BOND FUND | 73 |
Non-Independent Trustees3 | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Andrew G. Arnott, Born: 1971 | 2017 | 184 |
President and Non-Independent Trustee | ||
Global Head of Retail for Manulife (since 2022); Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). | ||
Paul Lorentz,† Born: 1968 | 2022 | 183 |
Non-Independent Trustee | ||
Global Head, Manulife Wealth and Asset Management (since 2017); General Manager, Manulife, Individual Wealth Management and Insurance (2013–2017); President, Manulife Investments (2010–2016). Trustee of various trusts within the John Hancock Fund Complex (since 2022). |
Principal officers who are not Trustees | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Charles A. Rizzo, Born: 1957 | 2007 |
Chief Financial Officer | |
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). | |
Salvatore Schiavone, Born: 1965 | 2010 |
Treasurer | |
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). | |
Christopher (Kit) Sechler, Born: 1973 | 2018 |
Secretary and Chief Legal Officer | |
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). |
74 | JOHN HANCOCK BOND FUND | ANNUAL REPORT |
Principal officers who are not Trustees (continued) | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Trevor Swanberg, Born: 1979 | 2020 |
Chief Compliance Officer | |
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). |
1 | Each Trustee holds office until his or her successor is duly elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table. |
2 | Member of the Audit Committee. |
3 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
* | Elected to serve as Independent Trustee effective as of September 9, 2022. |
† | Elected to serve as Non-Independent Trustee effective as of September 9, 2022. |
ANNUAL REPORT | JOHN HANCOCK BOND FUND | 75 |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
James R. Boyle
William H. Cunningham*
Grace K. Fey
Noni L. Ellison^
Dean C. Garfield^
Deborah C. Jackson
Patricia Lizarraga*,^
Paul Lorentz‡
Frances G. Rathke*
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Howard C. Greene, CFA
Connor Minnaar, CFA
Pranay Sonalkar
You can also contact us: | ||
800-225-5291 | Regular mail: | Express mail: |
jhinvestments.com | John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 | John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
76 | JOHN HANCOCK BOND FUND | ANNUAL REPORT |
GOVERNANCE FUNDS
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.
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
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a diverse set of investments backed by some of the world’s best
managers, along with strong risk-adjusted returns across asset classes.
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
MF2932939 | 21A 5/23 |
ITEM 2. CODE OF ETHICS.
As of the end of the year, May 31, 2023, the registrant has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its Chief Executive Officer, Chief Financial Officer and Treasurer (respectively, the principal executive officer, the principal financial officer and the principal accounting officer, the "Covered Officers"). A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Frances G. Rathke is the audit committee financial expert and is "independent", pursuant to general instructions on Form N-CSR Item 3.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
(a) Audit Fees
The aggregate fees billed for professional services rendered by the principal accountant for the audits of the registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements amounted to the following for the fiscal years ended May 31, 2023 and 2022. These fees were billed to the registrant and were approved by the registrant's audit committee.
Fund | May 31, 2023 | May 31, 2022 |
John Hancock Bond Fund | $66,887 | $ 63,311 |
(b) Audit-Related Services
Audit-related fees for assurance and related services by the principal accountant are billed to the registrant or to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser ("control affiliates") that provides ongoing services to the registrant. The nature of the services provided was affiliated service provider internal controls reviews and a software licensing fee. Amounts billed to the registrant were as follows:
Fund | May 31, 2023 | May 31, 2022 |
John Hancock Bond Fund | $1,134 | $776 |
Amounts billed to control affiliates were $121,890 and $119,500 for the fiscal years ended May 31, 2023 and 2022, respectively.
(c) Tax Fees
The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning ("tax fees") amounted to the following for the fiscal years ended May 31, 2023 and 2022. The nature of the services comprising the tax fees was the review of the registrant's tax returns and tax distribution requirements. These fees were billed to the registrant and were approved by the registrant's audit committee.
Fund | May 31, 2023 | May 31, 2022 |
John Hancock Bond Fund | $4,110 | $3,914 |
(d) All Other Fees
The nature of the services comprising all other fees is advisory services provided to the investment manager. Other fees amounted to the following for the fiscal years ended May 31,
2023 and 2022:
Fund | May 31, 2023 | May 31, 2022 |
John Hancock Bond Fund | $57 | $ 305 |
(e)(1) Audit Committee Pre-Approval Policies and Procedures:
The trust's Audit Committee must pre-approve all audit and non-audit services provided by the independent registered public accounting firm (the "Auditor") relating to the operations or financial reporting of the funds. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The trust's Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee's consideration of audit-related and non-audit services by the Auditor. The policies and procedures require that any audit-related and non-audit service provided by the Auditor and any non-audit service provided by the Auditor to a fund service provider that relates directly to the operations and financial reporting of a fund are subject to approval by the Audit Committee before such service is provided. Audit-related services provided by the Auditor that are expected to exceed $25,000 per year/per fund are subject to specific pre- approval by the Audit Committee. Tax services provided by the Auditor that are expected to exceed $30,000 per year/per fund are subject to specific pre-approval by the Audit Committee.
All audit services, as well as the audit-related and non-audit services that are expected to exceed the amounts stated above, must be approved in advance of provision of the service by formal resolution of the Audit Committee. At the regularly scheduled Audit Committee meetings, the Committee reviews a report summarizing the services, including fees, provided by the Auditor.
(e)(2) Services approved pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X:
Audit-Related Fees, Tax Fees and All Other Fees:
There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception under Rule 2-01 of Regulation S-X.
(f)According to the registrant's principal accountant for the fiscal year ended May 31, 2023, the percentage of hours spent on the audit of the registrant's financial statements for the most recent fiscal year that were attributed to work performed by persons who were not full-time, permanent employees of principal accountant was less than 50%.
(g)The aggregate non-audit fees billed by the registrant's principal accountant for non-audit services rendered to the registrant and rendered to the registrant's control affiliates were $1,236,876 for the fiscal year ended May 31, 2023 and $950,647 for the fiscal year ended May 31, 2022.
(h)The audit committee of the registrant has considered the non-audit services provided by the registrant's principal accountant to the control affiliates and has determined that the services that were not pre-approved are compatible with maintaining the principal accountant's independence.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
The registrant has a separately-designated standing audit committee comprised of independent trustees. The members of the audit committee are as follows:
Frances G. Rathke – Chairperson
Peter S. Burgess – retired effective December 31, 2022
William H. Cunningham
Patricia Lizarraga, effective September 20, 2022
ITEM 6. SCHEDULE OF INVESTMENTS.
(a)Not applicable.
(b)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.
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, Governance and Administration Committee Charter".
ITEM 11. CONTROLS AND PROCEDURES.
(a)Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-CSR, the registrant's principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.
(b)There were no changes in the registrant's internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
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/ Kristie M. Feinberg |
| ------------------------------ |
| Kristie M. Feinberg |
| President |
Date: | July 13, 2023 |
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/ Kristie M. Feinberg |
| ------------------------------- |
| Kristie M. Feinberg |
| President |
Date: | July 13, 2023 |
By: | /s/ Charles A. Rizzo |
| -------------------------------- |
| Charles A. Rizzo |
| Chief Financial Officer |
Date: | July 13, 2023 |