John Hancock
Classic Value Fund
Quarterly portfolio holdings 7/31/2021
Fund’s investments |
As of 7-31-21 (unaudited)
Shares | Value | ||||
Common stocks 98.1% | $2,515,679,686 | ||||
(Cost $1,804,283,665) | |||||
Consumer discretionary 20.2% | 518,822,916 | ||||
Auto components 3.5% | |||||
Lear Corp. | 511,625 | 89,524,143 | |||
Automobiles 2.8% | |||||
Ford Motor Company (A) | 5,252,774 | 73,276,197 | |||
Hotels, restaurants and leisure 0.9% | |||||
Booking Holdings, Inc. (A) | 10,253 | 22,333,700 | |||
Household durables 4.9% | |||||
Mohawk Industries, Inc. (A) | 298,593 | 58,195,776 | |||
Newell Brands, Inc. | 2,688,848 | 66,548,988 | |||
Textiles, apparel and luxury goods 8.1% | |||||
Gildan Activewear, Inc. | 2,155,582 | 74,346,023 | |||
PVH Corp. (A) | 728,266 | 76,191,189 | |||
Skechers USA, Inc., Class A (A) | 1,088,057 | 58,406,900 | |||
Energy 12.8% | 327,561,702 | ||||
Energy equipment and services 8.3% | |||||
Baker Hughes Company | 3,276,612 | 69,595,239 | |||
Halliburton Company | 3,796,766 | 78,517,121 | |||
NOV, Inc. (A) | 4,623,708 | 63,853,407 | |||
Oil, gas and consumable fuels 4.5% | |||||
Cenovus Energy, Inc. | 3,201,688 | 26,702,078 | |||
Exxon Mobil Corp. | 882,000 | 50,776,740 | |||
Royal Dutch Shell PLC, ADR, Class A (B) | 938,383 | 38,117,117 | |||
Financials 32.3% | 829,131,155 | ||||
Banks 11.7% | |||||
Bank of America Corp. | 1,217,547 | 46,705,103 | |||
Citigroup, Inc. | 1,378,716 | 93,228,776 | |||
JPMorgan Chase & Co. | 289,542 | 43,946,685 | |||
Wells Fargo & Company | 2,540,550 | 116,712,867 | |||
Capital markets 3.9% | |||||
The Goldman Sachs Group, Inc. | 164,002 | 61,481,070 | |||
UBS Group AG | 2,345,350 | 38,651,368 | |||
Consumer finance 3.4% | |||||
Capital One Financial Corp. | 543,370 | 87,862,929 | |||
Diversified financial services 4.4% | |||||
Equitable Holdings, Inc. | 2,160,276 | 66,687,720 | |||
Voya Financial, Inc. | 700,804 | 45,131,778 | |||
Insurance 8.9% | |||||
American International Group, Inc. | 2,248,748 | 106,478,218 | |||
Axis Capital Holdings, Ltd. | 1,090,153 | 55,456,083 | |||
MetLife, Inc. | 1,157,514 | 66,788,558 | |||
Health care 4.5% | 114,965,793 | ||||
Health care providers and services 3.4% | |||||
Cardinal Health, Inc. | 448,498 | 26,631,811 | |||
Fresenius Medical Care AG & Company KGaA, ADR | 333,435 | 13,110,664 | |||
McKesson Corp. | 229,810 | 46,842,172 | |||
Pharmaceuticals 1.1% | |||||
Pfizer, Inc. | 662,956 | 28,381,146 |
2 | JOHN HANCOCK CLASSIC VALUE FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
Industrials 10.8% | $276,272,917 | ||||
Aerospace and defense 2.8% | |||||
Textron, Inc. | 1,056,535 | 72,911,480 | |||
Industrial conglomerates 4.6% | |||||
General Electric Company | 9,073,974 | 117,507,963 | |||
Machinery 3.4% | |||||
Wabtec Corp. | 1,011,588 | 85,853,474 | |||
Information technology 7.8% | 201,247,017 | ||||
IT services 5.7% | |||||
Amdocs, Ltd. | 843,752 | 65,061,717 | |||
Cognizant Technology Solutions Corp., Class A | 1,116,326 | 82,083,451 | |||
Technology hardware, storage and peripherals 2.1% | |||||
Hewlett Packard Enterprise Company | 3,731,162 | 54,101,849 | |||
Materials 2.3% | 57,951,954 | ||||
Chemicals 2.3% | |||||
Dow, Inc. | 932,303 | 57,951,954 | |||
Utilities 7.4% | 189,726,232 | ||||
Electric utilities 7.4% | |||||
Edison International | 1,399,809 | 76,289,591 | |||
NRG Energy, Inc. | 2,750,646 | 113,436,641 | |||
Yield (%) | Shares | Value | |||
Short-term investments 1.7% | $44,301,529 | ||||
(Cost $44,301,529) | |||||
Short-term funds 1.7% | 44,301,529 | ||||
John Hancock Collateral Trust (C) | 0.0455(D) | 12,532 | 125,400 | ||
State Street Institutional Treasury Money Market Fund, Premier Class | 0.0051(D) | 44,176,129 | 44,176,129 |
Total investments (Cost $1,848,585,194) 99.8% | $2,559,981,215 | ||||
Other assets and liabilities, net 0.2% | 4,808,143 | ||||
Total net assets 100.0% | $2,564,789,358 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
ADR | American Depositary Receipt |
(A) | Non-income producing security. |
(B) | All or a portion of this security is on loan as of 7-31-21. The value of securities on loan amounted to $122,850. |
(C) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
(D) | The rate shown is the annualized seven-day yield as of 7-31-21. |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK CLASSIC VALUE FUND | 3 |
Notes to Fund’s investments (unaudited) |
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the fund’s Valuation Policies and Procedures.
In order to value the securities, the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day.
In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund’s Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.
The fund uses a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund’s own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
As of July 31, 2021, all investments are categorized as Level 1 under the hierarchy described above.
Investment in affiliated underlying funds. The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund’s fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the fund, if any, is as follows:
Dividends and distributions | |||||||||
Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
John Hancock Collateral Trust | 12,532 | $38,894,812 | $124,552,463 | $(163,312,501) | $15,254 | $(24,628) | $34,316 | — | $125,400 |
For additional information on the fund’s significant accounting policies and risks, please refer to the fund’s most recent semiannual or annual shareholder report and prospectus.
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