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- 04186
John Hancock Income Securities Trust
(Exact name of registrant as specified in charter)
200 Berkeley Street, Boston, Massachusetts 02116 (Address of principal executive offices) (Zip code)
Salvatore Schiavone
Treasurer
200 Berkeley Street
Boston, Massachusetts 02116
(Name and address of agent for service) Registrant's telephone number, including area code: 617-543-9634
Date of fiscal year end: | October 31 |
Date of reporting period: | April 30, 2022 |
ITEM 1. REPORTS TO STOCKHOLDERS.
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 1 |
2 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 3 |
COUNTRY COMPOSITION AS OF 4/30/2022 (% of total investments) | |
United States | 87.2 |
United Kingdom | 2.1 |
Canada | 2.0 |
Other countries | 8.7 |
TOTAL | 100.0 |
4 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT |
Average annual total returns (%) | Cumulative total returns (%) | ||||||
1-Year | 5-Year | 10-Year | 6-month | 5-year | 10-Year | ||
At Net asset value | -12.10 | 2.36 | 4.63 | -13.80 | 12.40 | 57.27 | |
At Market price | -11.47 | 3.53 | 3.83 | -12.90 | 18.93 | 45.56 | |
Bloomberg U.S. Government/Credit Index | -8.47 | 1.45 | 1.90 | -9.92 | 7.46 | 20.75 |
SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 5 |
6 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government and Agency obligations 25.9% (15.9% of Total investments) | $39,559,857 | ||||
(Cost $42,095,741) | |||||
U.S. Government 6.7% | 10,159,642 | ||||
U.S. Treasury | |||||
Bond (A)(B) | 1.875 | 11-15-51 | 2,924,600 | 2,293,983 | |
Bond (B) | 2.250 | 02-15-52 | 328,000 | 281,619 | |
Note (B) | 1.875 | 02-15-32 | 5,671,000 | 5,178,332 | |
Note (A)(B) | 2.500 | 03-31-27 | 2,455,000 | 2,405,708 | |
U.S. Government Agency 19.2% | 29,400,215 | ||||
Federal Home Loan Mortgage Corp. | |||||
30 Yr Pass Thru | 2.000 | 11-01-51 | 174,971 | 154,793 | |
30 Yr Pass Thru | 2.000 | 12-01-51 | 586,029 | 518,173 | |
30 Yr Pass Thru | 2.000 | 01-01-52 | 203,690 | 180,073 | |
30 Yr Pass Thru | 2.500 | 08-01-50 | 57,761 | 53,169 | |
30 Yr Pass Thru | 2.500 | 11-01-51 | 551,051 | 505,571 | |
30 Yr Pass Thru | 2.500 | 12-01-51 | 182,739 | 167,086 | |
30 Yr Pass Thru | 3.000 | 03-01-43 | 366,887 | 355,647 | |
30 Yr Pass Thru | 3.000 | 10-01-49 | 923,194 | 879,514 | |
30 Yr Pass Thru | 3.000 | 12-01-49 | 61,920 | 58,990 | |
30 Yr Pass Thru | 3.000 | 12-01-49 | 1,283,512 | 1,219,975 | |
30 Yr Pass Thru | 3.000 | 01-01-50 | 888,028 | 847,954 | |
30 Yr Pass Thru | 3.500 | 07-01-46 | 528,137 | 519,804 | |
30 Yr Pass Thru | 3.500 | 10-01-46 | 369,748 | 364,874 | |
30 Yr Pass Thru | 3.500 | 12-01-46 | 165,150 | 162,869 | |
30 Yr Pass Thru | 3.500 | 02-01-47 | 942,884 | 928,686 | |
30 Yr Pass Thru | 3.500 | 11-01-48 | 1,781,922 | 1,752,303 | |
Federal National Mortgage Association | |||||
30 Yr Pass Thru | 2.000 | 09-01-50 | 519,940 | 462,011 | |
30 Yr Pass Thru | 2.000 | 02-01-52 | 4,113,664 | 3,637,346 | |
30 Yr Pass Thru (C) | 2.500 | TBA | 3,211,000 | 2,929,535 | |
30 Yr Pass Thru | 2.500 | 08-01-51 | 513,117 | 471,009 | |
30 Yr Pass Thru | 2.500 | 11-01-51 | 565,564 | 519,991 | |
30 Yr Pass Thru | 2.500 | 01-01-52 | 610,872 | 558,737 | |
30 Yr Pass Thru | 3.000 | 12-01-42 | 1,080,890 | 1,042,837 | |
30 Yr Pass Thru | 3.000 | 07-01-43 | 280,939 | 270,522 | |
30 Yr Pass Thru | 3.000 | 11-01-49 | 290,611 | 276,588 | |
30 Yr Pass Thru | 3.500 | 12-01-42 | 1,328,124 | 1,320,714 | |
30 Yr Pass Thru | 3.500 | 01-01-43 | 1,297,497 | 1,290,259 | |
30 Yr Pass Thru | 3.500 | 04-01-45 | 447,685 | 442,110 | |
30 Yr Pass Thru | 3.500 | 11-01-46 | 894,599 | 880,662 | |
30 Yr Pass Thru | 3.500 | 07-01-47 | 957,539 | 941,724 | |
30 Yr Pass Thru | 3.500 | 07-01-47 | 946,145 | 931,701 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 7 |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency (continued) | |||||
30 Yr Pass Thru | 3.500 | 11-01-47 | 397,640 | $390,824 | |
30 Yr Pass Thru | 3.500 | 09-01-49 | 219,435 | 213,839 | |
30 Yr Pass Thru | 3.500 | 03-01-50 | 541,300 | 527,327 | |
30 Yr Pass Thru (C) | 4.000 | TBA | 3,303,000 | 3,283,517 | |
30 Yr Pass Thru | 4.000 | 09-01-41 | 334,315 | 339,481 | |
Foreign government obligations 0.7% (0.5% of Total investments) | $1,155,592 | ||||
(Cost $1,170,128) | |||||
Argentina 0.2% | 313,286 | ||||
Republic of Argentina Bond (2.500% to 7-9-22, then 3.500% to 7-9-29, then 4.875% thereafter) | 2.500 | 07-09-41 | 937,000 | 313,286 | |
Qatar 0.2% | 287,234 | ||||
State of Qatar Bond (D) | 5.103 | 04-23-48 | 259,000 | 287,234 | |
Saudi Arabia 0.3% | 555,072 | ||||
Kingdom of Saudi Arabia Bond (A)(B)(D) | 4.375 | 04-16-29 | 534,000 | 555,072 | |
Corporate bonds 101.4% (62.3% of Total investments) | $155,212,253 | ||||
(Cost $167,652,720) | |||||
Communication services 13.1% | 20,108,418 | ||||
Diversified telecommunication services 3.1% | |||||
AT&T, Inc. (B) | 3.100 | 02-01-43 | 1,225,000 | 947,867 | |
AT&T, Inc. (B) | 3.500 | 06-01-41 | 423,000 | 351,520 | |
AT&T, Inc. (B) | 3.650 | 06-01-51 | 364,000 | 295,001 | |
C&W Senior Financing DAC (D) | 6.875 | 09-15-27 | 240,000 | 232,874 | |
Connect Finco SARL (D) | 6.750 | 10-01-26 | 371,000 | 360,798 | |
GCI LLC (D) | 4.750 | 10-15-28 | 183,000 | 169,733 | |
Level 3 Financing, Inc. (D) | 3.400 | 03-01-27 | 328,000 | 295,200 | |
Switch, Ltd. (D) | 3.750 | 09-15-28 | 63,000 | 59,063 | |
Telecom Argentina SA (D) | 8.000 | 07-18-26 | 186,000 | 176,237 | |
Telefonica Emisiones SA | 5.213 | 03-08-47 | 403,000 | 379,074 | |
Telesat Canada (D) | 5.625 | 12-06-26 | 120,000 | 85,673 | |
Total Play Telecomunicaciones SA de CV (D) | 6.375 | 09-20-28 | 216,000 | 179,930 | |
Total Play Telecomunicaciones SA de CV (D) | 7.500 | 11-12-25 | 362,000 | 335,755 | |
Verizon Communications, Inc. (B) | 4.329 | 09-21-28 | 635,000 | 638,633 | |
Verizon Communications, Inc. (B) | 4.400 | 11-01-34 | 274,000 | 269,912 | |
Entertainment 2.6% | |||||
AMC Entertainment Holdings, Inc. (D) | 10.000 | 06-15-26 | 332,000 | 278,073 | |
Lions Gate Capital Holdings LLC (D) | 5.500 | 04-15-29 | 216,000 | 191,482 | |
Live Nation Entertainment, Inc. (A)(B)(D) | 4.750 | 10-15-27 | 272,000 | 255,544 | |
Magallanes, Inc. (B)(D) | 4.279 | 03-15-32 | 451,000 | 418,931 | |
Netflix, Inc. | 4.875 | 04-15-28 | 564,000 | 552,122 |
8 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Communication services (continued) | |||||
Entertainment (continued) | |||||
Netflix, Inc. (A)(B)(D) | 4.875 | 06-15-30 | 209,000 | $203,777 | |
Netflix, Inc. (D) | 5.375 | 11-15-29 | 92,000 | 92,092 | |
Netflix, Inc. | 5.875 | 11-15-28 | 400,000 | 412,000 | |
Playtika Holding Corp. (B)(D) | 4.250 | 03-15-29 | 45,000 | 40,543 | |
Take-Two Interactive Software, Inc. (B) | 3.300 | 03-28-24 | 263,000 | 261,405 | |
Take-Two Interactive Software, Inc. (B) | 3.550 | 04-14-25 | 149,000 | 147,541 | |
The Walt Disney Company (B) | 7.750 | 01-20-24 | 1,020,000 | 1,092,392 | |
Interactive media and services 0.2% | |||||
ANGI Group LLC (A)(B)(D) | 3.875 | 08-15-28 | 165,000 | 130,660 | |
Match Group Holdings II LLC (D) | 3.625 | 10-01-31 | 106,000 | 88,181 | |
Twitter, Inc. (A)(B)(D) | 3.875 | 12-15-27 | 181,000 | 177,435 | |
Media 5.1% | |||||
Cable One, Inc. (A)(B)(D) | 4.000 | 11-15-30 | 92,000 | 78,937 | |
CCO Holdings LLC (D) | 4.500 | 06-01-33 | 160,000 | 130,899 | |
Charter Communications Operating LLC | 3.900 | 06-01-52 | 179,000 | 129,148 | |
Charter Communications Operating LLC | 4.200 | 03-15-28 | 820,000 | 792,315 | |
Charter Communications Operating LLC | 4.800 | 03-01-50 | 573,000 | 469,440 | |
Charter Communications Operating LLC (B) | 5.750 | 04-01-48 | 617,000 | 579,302 | |
Charter Communications Operating LLC | 6.484 | 10-23-45 | 606,000 | 610,789 | |
Clear Channel Outdoor Holdings, Inc. (D) | 7.750 | 04-15-28 | 527,000 | 496,698 | |
Comcast Corp. (B) | 4.150 | 10-15-28 | 526,000 | 528,832 | |
Globo Comunicacao e Participacoes SA (D) | 4.875 | 01-22-30 | 315,000 | 270,903 | |
News Corp. (D) | 3.875 | 05-15-29 | 166,000 | 150,101 | |
News Corp. (D) | 5.125 | 02-15-32 | 84,000 | 80,220 | |
Radiate Holdco LLC (D) | 6.500 | 09-15-28 | 175,000 | 154,000 | |
Sirius XM Radio, Inc. (B)(D) | 4.000 | 07-15-28 | 274,000 | 247,628 | |
Sirius XM Radio, Inc. (A)(B)(D) | 5.000 | 08-01-27 | 339,000 | 327,135 | |
Stagwell Global LLC (D) | 5.625 | 08-15-29 | 131,000 | 115,632 | |
Townsquare Media, Inc. (D) | 6.875 | 02-01-26 | 83,000 | 82,635 | |
Univision Communications, Inc. (D) | 4.500 | 05-01-29 | 88,000 | 78,980 | |
Videotron, Ltd. (B)(D) | 3.625 | 06-15-29 | 132,000 | 114,840 | |
VTR Finance NV (D) | 6.375 | 07-15-28 | 2,610,000 | 2,381,651 | |
Wireless telecommunication services 2.1% | |||||
MTN Mauritius Investments, Ltd. (D) | 4.755 | 11-11-24 | 225,000 | 222,786 | |
Oztel Holdings SPC, Ltd. (A)(B)(D) | 6.625 | 04-24-28 | 230,000 | 238,300 | |
SoftBank Group Corp. (6.875% to 7-19-27, then 5 Year ICE Swap Rate + 4.854%) (E) | 6.875 | 07-19-27 | 400,000 | 374,128 | |
Telefonica Celular del Paraguay SA (D) | 5.875 | 04-15-27 | 200,000 | 200,404 | |
T-Mobile USA, Inc. (B) | 2.050 | 02-15-28 | 504,000 | 444,041 | |
T-Mobile USA, Inc. (B) | 2.550 | 02-15-31 | 168,000 | 142,690 | |
T-Mobile USA, Inc. (A)(B) | 2.875 | 02-15-31 | 45,000 | 38,198 | |
T-Mobile USA, Inc. (B) | 3.750 | 04-15-27 | 228,000 | 221,683 | |
T-Mobile USA, Inc. (B) | 3.875 | 04-15-30 | 517,000 | 489,309 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 9 |
Rate (%) | Maturity date | Par value^ | Value | ||
Communication services (continued) | |||||
Wireless telecommunication services (continued) | |||||
T-Mobile USA, Inc. (B) | 4.500 | 04-15-50 | 299,000 | $272,499 | |
Vodafone Group PLC (7.000% to 1-4-29, then 5 Year U.S. Swap Rate + 4.873%) | 7.000 | 04-04-79 | 497,000 | 524,847 | |
Consumer discretionary 11.0% | 16,866,779 | ||||
Auto components 0.2% | |||||
Aptiv PLC (A)(B) | 3.250 | 03-01-32 | 116,000 | 102,330 | |
Dealer Tire LLC (D) | 8.000 | 02-01-28 | 92,000 | 89,998 | |
LCM Investments Holdings II LLC (D) | 4.875 | 05-01-29 | 74,000 | 64,848 | |
Automobiles 2.0% | |||||
Daimler Trucks Finance North America LLC (B)(D) | 1.625 | 12-13-24 | 238,000 | 226,008 | |
Ford Motor Company | 3.250 | 02-12-32 | 134,000 | 108,902 | |
Ford Motor Credit Company LLC | 4.125 | 08-17-27 | 329,000 | 304,999 | |
Ford Motor Credit Company LLC | 5.113 | 05-03-29 | 514,000 | 487,015 | |
General Motors Company (B) | 5.400 | 04-01-48 | 162,000 | 152,121 | |
General Motors Financial Company, Inc. (B) | 2.400 | 10-15-28 | 611,000 | 522,725 | |
General Motors Financial Company, Inc. (B) | 3.600 | 06-21-30 | 717,000 | 644,905 | |
General Motors Financial Company, Inc. (B) | 4.350 | 01-17-27 | 310,000 | 305,878 | |
Hyundai Capital America (B)(D) | 1.800 | 10-15-25 | 156,000 | 143,743 | |
Hyundai Capital America (B)(D) | 2.375 | 10-15-27 | 156,000 | 138,871 | |
Diversified consumer services 0.3% | |||||
Service Corp. International | 3.375 | 08-15-30 | 114,000 | 98,040 | |
Service Corp. International | 4.000 | 05-15-31 | 183,000 | 164,700 | |
Sotheby’s (D) | 7.375 | 10-15-27 | 201,000 | 198,196 | |
Hotels, restaurants and leisure 5.9% | |||||
Affinity Gaming (D) | 6.875 | 12-15-27 | 123,000 | 115,207 | |
Booking Holdings, Inc. (B) | 4.625 | 04-13-30 | 368,000 | 376,304 | |
CCM Merger, Inc. (A)(B)(D) | 6.375 | 05-01-26 | 105,000 | 104,738 | |
Choice Hotels International, Inc. (B) | 3.700 | 12-01-29 | 179,000 | 167,267 | |
Choice Hotels International, Inc. (B) | 3.700 | 01-15-31 | 208,000 | 192,256 | |
Dave & Buster’s, Inc. (D) | 7.625 | 11-01-25 | 34,000 | 35,275 | |
Expedia Group, Inc. (B) | 2.950 | 03-15-31 | 222,000 | 190,513 | |
Expedia Group, Inc. (B) | 3.250 | 02-15-30 | 670,000 | 597,662 | |
Expedia Group, Inc. (B) | 3.800 | 02-15-28 | 582,000 | 554,292 | |
Expedia Group, Inc. (B) | 4.625 | 08-01-27 | 310,000 | 311,417 | |
Expedia Group, Inc. (B) | 5.000 | 02-15-26 | 386,000 | 394,428 | |
Full House Resorts, Inc. (D) | 8.250 | 02-15-28 | 915,000 | 906,024 | |
Hilton Domestic Operating Company, Inc. (A)(B) | 4.875 | 01-15-30 | 233,000 | 224,775 | |
Hilton Domestic Operating Company, Inc. (D) | 5.750 | 05-01-28 | 69,000 | 69,983 | |
Hilton Grand Vacations Borrower Escrow LLC (D) | 4.875 | 07-01-31 | 144,000 | 125,755 |
10 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary (continued) | |||||
Hotels, restaurants and leisure (continued) | |||||
Hilton Grand Vacations Borrower Escrow LLC (D) | 5.000 | 06-01-29 | 182,000 | $164,255 | |
Hyatt Hotels Corp. | 1.800 | 10-01-24 | 165,000 | 156,862 | |
Hyatt Hotels Corp. | 6.000 | 04-23-30 | 189,000 | 198,370 | |
International Game Technology PLC (D) | 6.500 | 02-15-25 | 225,000 | 228,938 | |
Jacobs Entertainment, Inc. (D) | 6.750 | 02-15-29 | 77,000 | 75,437 | |
Life Time, Inc. (A)(B)(D) | 8.000 | 04-15-26 | 94,000 | 91,776 | |
Marriott International, Inc. (B) | 2.850 | 04-15-31 | 339,000 | 291,549 | |
Marriott International, Inc. (B) | 3.125 | 06-15-26 | 128,000 | 123,999 | |
Marriott International, Inc. (B) | 3.500 | 10-15-32 | 196,000 | 175,043 | |
Marriott International, Inc. (B) | 4.625 | 06-15-30 | 300,000 | 295,810 | |
Marriott International, Inc. (B) | 5.750 | 05-01-25 | 750,000 | 786,062 | |
MGM Resorts International | 4.750 | 10-15-28 | 314,000 | 288,425 | |
Mohegan Gaming & Entertainment (D) | 8.000 | 02-01-26 | 226,000 | 200,575 | |
New Red Finance, Inc. (D) | 4.000 | 10-15-30 | 454,000 | 388,102 | |
Premier Entertainment Sub LLC (D) | 5.625 | 09-01-29 | 133,000 | 106,400 | |
Premier Entertainment Sub LLC (D) | 5.875 | 09-01-31 | 363,000 | 285,863 | |
Resorts World Las Vegas LLC (A)(B)(D) | 4.625 | 04-16-29 | 200,000 | 174,227 | |
Travel + Leisure Company (D) | 4.625 | 03-01-30 | 145,000 | 129,050 | |
Travel + Leisure Company | 6.600 | 10-01-25 | 111,000 | 115,163 | |
Wyndham Hotels & Resorts, Inc. (D) | 4.375 | 08-15-28 | 101,000 | 94,136 | |
Yum! Brands, Inc. | 3.625 | 03-15-31 | 191,000 | 164,119 | |
Yum! Brands, Inc. (D) | 4.750 | 01-15-30 | 183,000 | 174,079 | |
Household durables 0.5% | |||||
Brookfield Residential Properties, Inc. (D) | 5.000 | 06-15-29 | 117,000 | 103,480 | |
Century Communities, Inc. (D) | 3.875 | 08-15-29 | 260,000 | 219,073 | |
Century Communities, Inc. | 6.750 | 06-01-27 | 179,000 | 180,971 | |
Empire Communities Corp. (D) | 7.000 | 12-15-25 | 57,000 | 54,008 | |
KB Home (A)(B) | 4.000 | 06-15-31 | 202,000 | 172,710 | |
Toll Brothers Finance Corp. (A)(B) | 3.800 | 11-01-29 | 56,000 | 50,828 | |
Internet and direct marketing retail 1.1% | |||||
Amazon.com, Inc. (B) | 3.150 | 08-22-27 | 660,000 | 645,946 | |
Amazon.com, Inc. (B) | 4.050 | 08-22-47 | 344,000 | 335,125 | |
eBay, Inc. (B) | 2.700 | 03-11-30 | 457,000 | 402,549 | |
QVC, Inc. | 5.450 | 08-15-34 | 280,000 | 224,350 | |
Multiline retail 0.6% | |||||
Dollar Tree, Inc. (A)(B) | 4.200 | 05-15-28 | 879,000 | 872,226 | |
Macy’s Retail Holdings LLC (A)(B)(D) | 5.875 | 04-01-29 | 54,000 | 51,225 | |
Macy’s Retail Holdings LLC (A)(B)(D) | 5.875 | 03-15-30 | 15,000 | 14,075 | |
Macy’s Retail Holdings LLC (D) | 6.125 | 03-15-32 | 27,000 | 24,975 | |
Specialty retail 0.4% | |||||
Asbury Automotive Group, Inc. (A)(B)(D) | 4.625 | 11-15-29 | 38,000 | 34,205 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 11 |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary (continued) | |||||
Specialty retail (continued) | |||||
Asbury Automotive Group, Inc. | 4.750 | 03-01-30 | 134,000 | $120,093 | |
AutoNation, Inc. (B) | 4.750 | 06-01-30 | 182,000 | 179,241 | |
Group 1 Automotive, Inc. (D) | 4.000 | 08-15-28 | 33,000 | 29,691 | |
Ken Garff Automotive LLC (D) | 4.875 | 09-15-28 | 128,000 | 116,485 | |
Lithia Motors, Inc. (D) | 3.875 | 06-01-29 | 80,000 | 72,238 | |
Lithia Motors, Inc. (D) | 4.375 | 01-15-31 | 80,000 | 73,400 | |
Lithia Motors, Inc. (D) | 4.625 | 12-15-27 | 40,000 | 38,100 | |
Specialty Building Products Holdings LLC (D) | 6.375 | 09-30-26 | 25,000 | 24,370 | |
Consumer staples 2.3% | 3,526,717 | ||||
Beverages 0.3% | |||||
Anheuser-Busch InBev Worldwide, Inc. (B) | 4.600 | 04-15-48 | 564,000 | 531,092 | |
Food and staples retailing 0.4% | |||||
Advantage Sales & Marketing, Inc. (D) | 6.500 | 11-15-28 | 312,000 | 283,530 | |
Albertsons Companies, Inc. (D) | 3.250 | 03-15-26 | 109,000 | 99,463 | |
Albertsons Companies, Inc. (D) | 3.500 | 03-15-29 | 274,000 | 230,818 | |
Food products 1.4% | |||||
BRF SA (A)(B)(D) | 5.750 | 09-21-50 | 212,000 | 166,210 | |
Coruripe Netherlands BV (D) | 10.000 | 02-10-27 | 205,000 | 177,325 | |
JBS Finance Luxembourg Sarl (B)(D) | 3.625 | 01-15-32 | 207,000 | 176,664 | |
JBS USA LUX SA (D) | 3.750 | 12-01-31 | 65,000 | 57,200 | |
Kraft Heinz Foods Company | 4.375 | 06-01-46 | 274,000 | 240,062 | |
Kraft Heinz Foods Company | 4.875 | 10-01-49 | 62,000 | 57,724 | |
Kraft Heinz Foods Company | 5.000 | 06-04-42 | 139,000 | 133,706 | |
Kraft Heinz Foods Company | 5.500 | 06-01-50 | 216,000 | 217,506 | |
Kraft Heinz Foods Company | 6.500 | 02-09-40 | 156,000 | 171,328 | |
MARB BondCo PLC (D) | 3.950 | 01-29-31 | 264,000 | 219,300 | |
NBM US Holdings, Inc. (D) | 6.625 | 08-06-29 | 298,000 | 304,335 | |
Post Holdings, Inc. (D) | 5.500 | 12-15-29 | 185,000 | 168,350 | |
Simmons Foods, Inc. (D) | 4.625 | 03-01-29 | 33,000 | 29,778 | |
Household products 0.1% | |||||
Edgewell Personal Care Company (D) | 4.125 | 04-01-29 | 131,000 | 116,263 | |
Personal products 0.1% | |||||
Oriflame Investment Holding PLC (A)(B)(D) | 5.125 | 05-04-26 | 205,000 | 146,063 | |
Energy 9.6% | 14,654,329 | ||||
Energy equipment and services 0.4% | |||||
CSI Compressco LP (A)(B)(D) | 7.500 | 04-01-25 | 297,000 | 285,652 | |
CSI Compressco LP (D) | 7.500 | 04-01-25 | 88,000 | 84,638 | |
CSI Compressco LP (10.000% Cash or 7.250% Cash and 3.500% PIK) (D) | 10.000 | 04-01-26 | 285,633 | 277,064 | |
Oil, gas and consumable fuels 9.2% | |||||
Aker BP ASA (D) | 3.000 | 01-15-25 | 204,000 | 198,884 |
12 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Energy (continued) | |||||
Oil, gas and consumable fuels (continued) | |||||
Aker BP ASA (D) | 3.750 | 01-15-30 | 169,000 | $157,651 | |
Aker BP ASA (A)(B)(D) | 4.000 | 01-15-31 | 394,000 | 370,386 | |
Altera Infrastructure LP (D) | 8.500 | 07-15-23 | 180,000 | 99,000 | |
Antero Midstream Partners LP (B)(D) | 5.375 | 06-15-29 | 178,000 | 166,843 | |
Antero Resources Corp. (D) | 5.375 | 03-01-30 | 69,000 | 67,419 | |
Antero Resources Corp. (D) | 7.625 | 02-01-29 | 1,014,000 | 1,074,434 | |
Ascent Resources Utica Holdings LLC (D) | 5.875 | 06-30-29 | 221,000 | 213,908 | |
Calumet Specialty Products Partners LP (A)(B)(D) | 8.125 | 01-15-27 | 400,000 | 358,000 | |
Cheniere Energy Partners LP | 4.000 | 03-01-31 | 282,000 | 255,240 | |
Cheniere Energy Partners LP (A)(B) | 4.500 | 10-01-29 | 403,000 | 385,873 | |
Continental Resources, Inc. | 4.900 | 06-01-44 | 146,000 | 127,370 | |
DCP Midstream Operating LP (5.850% to 5-21-23, then 3 month LIBOR + 3.850%) (D) | 5.850 | 05-21-43 | 200,000 | 181,774 | |
Diamondback Energy, Inc. (B) | 3.125 | 03-24-31 | 208,000 | 185,614 | |
Enbridge, Inc. (5.500% to 7-15-27, then 3 month LIBOR + 3.418%) (B) | 5.500 | 07-15-77 | 340,000 | 325,690 | |
Enbridge, Inc. (5.750% to 4-15-30, then 5 Year CMT + 5.314%) (A)(B) | 5.750 | 07-15-80 | 347,000 | 344,398 | |
Enbridge, Inc. (6.250% to 3-1-28, then 3 month LIBOR + 3.641%) (B) | 6.250 | 03-01-78 | 306,000 | 308,599 | |
Energean Israel Finance, Ltd. (D) | 5.375 | 03-30-28 | 79,000 | 72,398 | |
Energean Israel Finance, Ltd. (D) | 5.875 | 03-30-31 | 138,000 | 123,612 | |
Energy Transfer LP (B) | 4.200 | 04-15-27 | 172,000 | 169,457 | |
Energy Transfer LP (B) | 5.150 | 03-15-45 | 345,000 | 310,982 | |
Energy Transfer LP (B) | 5.250 | 04-15-29 | 617,000 | 626,707 | |
Energy Transfer LP (B) | 5.400 | 10-01-47 | 250,000 | 229,707 | |
Energy Transfer LP (B) | 5.500 | 06-01-27 | 263,000 | 272,264 | |
Energy Transfer LP (6.500% to 11-15-26, then 5 Year CMT + 5.694%) (B)(E) | 6.500 | 11-15-26 | 363,000 | 344,890 | |
Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month LIBOR + 3.033%) (A)(B) | 5.250 | 08-16-77 | 580,000 | 529,922 | |
EQT Corp. | 7.500 | 02-01-30 | 103,000 | 114,082 | |
Hess Midstream Operations LP (D) | 4.250 | 02-15-30 | 59,000 | 54,120 | |
Hess Midstream Operations LP (D) | 5.500 | 10-15-30 | 25,000 | 24,632 | |
Kinder Morgan Energy Partners LP (B) | 7.750 | 03-15-32 | 208,000 | 249,826 | |
Leviathan Bond, Ltd. (D) | 6.500 | 06-30-27 | 327,000 | 321,370 | |
Leviathan Bond, Ltd. (D) | 6.750 | 06-30-30 | 64,000 | 62,461 | |
Lundin Energy Finance BV (B)(D) | 2.000 | 07-15-26 | 208,000 | 187,619 | |
Lundin Energy Finance BV (B)(D) | 3.100 | 07-15-31 | 298,000 | 259,834 | |
MC Brazil Downstream Trading SARL (D) | 7.250 | 06-30-31 | 209,000 | 181,830 | |
Midwest Connector Capital Company LLC (B)(D) | 3.900 | 04-01-24 | 359,000 | 356,833 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 13 |
Rate (%) | Maturity date | Par value^ | Value | ||
Energy (continued) | |||||
Oil, gas and consumable fuels (continued) | |||||
MPLX LP (B) | 4.000 | 03-15-28 | 238,000 | $230,744 | |
MPLX LP (B) | 4.125 | 03-01-27 | 79,000 | 78,268 | |
MPLX LP (B) | 4.250 | 12-01-27 | 170,000 | 168,410 | |
MPLX LP (6.875% to 2-15-23, then 3 month LIBOR + 4.652%) (A)(B)(E) | 6.875 | 02-15-23 | 752,000 | 736,208 | |
Ovintiv, Inc. (B) | 7.200 | 11-01-31 | 41,000 | 46,817 | |
Parkland Corp. (B)(D) | 4.500 | 10-01-29 | 678,000 | 593,481 | |
Parkland Corp. (D) | 4.625 | 05-01-30 | 130,000 | 113,750 | |
Petrobras Global Finance BV | 6.900 | 03-19-49 | 123,000 | 115,877 | |
Sabine Pass Liquefaction LLC (B) | 4.200 | 03-15-28 | 146,000 | 143,179 | |
Sabine Pass Liquefaction LLC (A)(B) | 4.500 | 05-15-30 | 310,000 | 307,591 | |
Sabine Pass Liquefaction LLC (B) | 5.000 | 03-15-27 | 259,000 | 264,878 | |
Sabine Pass Liquefaction LLC (B) | 5.875 | 06-30-26 | 175,000 | 183,853 | |
Southwestern Energy Company | 4.750 | 02-01-32 | 98,000 | 92,672 | |
Sunoco LP | 4.500 | 05-15-29 | 72,000 | 64,745 | |
Sunoco LP (D) | 4.500 | 04-30-30 | 191,000 | 172,351 | |
Targa Resources Corp. (B) | 4.950 | 04-15-52 | 323,000 | 295,004 | |
Targa Resources Partners LP (B) | 4.000 | 01-15-32 | 267,000 | 242,126 | |
The Williams Companies, Inc. (B) | 3.750 | 06-15-27 | 355,000 | 346,395 | |
The Williams Companies, Inc. (B) | 5.750 | 06-24-44 | 114,000 | 118,576 | |
TransCanada PipeLines, Ltd. (B) | 4.250 | 05-15-28 | 205,000 | 204,728 | |
Venture Global Calcasieu Pass LLC (D) | 3.875 | 08-15-29 | 72,000 | 65,700 | |
Venture Global Calcasieu Pass LLC (D) | 4.125 | 08-15-31 | 119,000 | 107,993 | |
Financials 27.5% | 42,087,426 | ||||
Banks 15.8% | |||||
Australia & New Zealand Banking Group, Ltd. (6.750% to 6-15-26, then 5 Year ICE Swap Rate + 5.168%) (B)(D)(E) | 6.750 | 06-15-26 | 200,000 | 209,500 | |
Banco Santander SA | 4.379 | 04-12-28 | 200,000 | 195,301 | |
Bank of America Corp. (1.734% to 7-22-26, then SOFR + 0.960%) (B) | 1.734 | 07-22-27 | 89,000 | 79,867 | |
Bank of America Corp. (2.087% to 6-14-28, then SOFR + 1.060%) (B) | 2.087 | 06-14-29 | 447,000 | 388,149 | |
Bank of America Corp. (2.592% to 4-29-30, then SOFR + 2.150%) (B) | 2.592 | 04-29-31 | 458,000 | 395,448 | |
Bank of America Corp. (2.687% to 4-22-31, then SOFR + 1.320%) (B) | 2.687 | 04-22-32 | 676,000 | 579,933 | |
Bank of America Corp. (A)(B) | 3.248 | 10-21-27 | 333,000 | 316,853 | |
Bank of America Corp. (3.846% to 3-8-32, then 5 Year CMT + 2.000%) (B) | 3.846 | 03-08-37 | 328,000 | 291,854 | |
Bank of America Corp. (B) | 3.950 | 04-21-25 | 925,000 | 920,222 | |
Bank of America Corp. (6.300% to 3-10-26, then 3 month LIBOR + 4.553%) (A)(B)(E) | 6.300 | 03-10-26 | 610,000 | 623,725 | |
Barclays PLC (B) | 4.375 | 01-12-26 | 840,000 | 837,074 |
14 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Banks (continued) | |||||
Barclays PLC (4.375% to 3-15-28, then 5 Year CMT + 3.410%) (A)(B)(E) | 4.375 | 03-15-28 | 296,000 | $246,790 | |
BPCE SA (B)(D) | 4.500 | 03-15-25 | 475,000 | 474,453 | |
Citigroup, Inc. (2.561% to 5-1-31, then SOFR + 1.167%) (B) | 2.561 | 05-01-32 | 201,000 | 169,666 | |
Citigroup, Inc. (B) | 3.200 | 10-21-26 | 970,000 | 934,957 | |
Citigroup, Inc. (B) | 4.600 | 03-09-26 | 605,000 | 609,258 | |
Citigroup, Inc. (4.700% to 1-30-25, then SOFR + 3.234%) (E) | 4.700 | 01-30-25 | 439,000 | 398,612 | |
Citigroup, Inc. (6.250% to 8-15-26, then 3 month LIBOR + 4.517%) (E) | 6.250 | 08-15-26 | 525,000 | 524,669 | |
Citizens Financial Group, Inc. (A)(B) | 3.250 | 04-30-30 | 448,000 | 409,585 | |
Credit Agricole SA (B)(D) | 3.250 | 01-14-30 | 471,000 | 415,556 | |
Credit Agricole SA (7.875% to 1-23-24, then 5 Year U.S. Swap Rate + 4.898%) (B)(D)(E) | 7.875 | 01-23-24 | 600,000 | 615,000 | |
Fifth Third Bancorp (5.100% to 6-30-23, then 3 month LIBOR + 3.033%) (A)(B)(E) | 5.100 | 06-30-23 | 880,000 | 854,700 | |
Freedom Mortgage Corp. (D) | 8.125 | 11-15-24 | 232,000 | 224,731 | |
HSBC Holdings PLC (6.375% to 3-30-25, then 5 Year ICE Swap Rate + 4.368%) (B)(E) | 6.375 | 03-30-25 | 200,000 | 200,856 | |
JPMorgan Chase & Co. (2.522% to 4-22-30, then SOFR + 2.040%) (A)(B) | 2.522 | 04-22-31 | 1,007,000 | 874,801 | |
JPMorgan Chase & Co. (B) | 2.950 | 10-01-26 | 541,000 | 518,429 | |
JPMorgan Chase & Co. (2.956% to 5-13-30, then SOFR + 2.515%) (B) | 2.956 | 05-13-31 | 444,000 | 390,268 | |
JPMorgan Chase & Co. (2.963% to 1-25-32, then SOFR + 1.260%) (B) | 2.963 | 01-25-33 | 81,000 | 71,262 | |
JPMorgan Chase & Co. (3.960% to 1-29-26, then 3 month LIBOR + 1.245%) (B) | 3.960 | 01-29-27 | 422,000 | 417,559 | |
JPMorgan Chase & Co. (4.600% to 2-1-25, then SOFR + 3.125%) (B)(E) | 4.600 | 02-01-25 | 379,000 | 350,310 | |
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) (B)(E) | 6.750 | 02-01-24 | 1,170,000 | 1,190,574 | |
Lloyds Banking Group PLC (B) | 4.450 | 05-08-25 | 1,245,000 | 1,257,640 | |
Lloyds Banking Group PLC (7.500% to 6-27-24, then 5 Year U.S. Swap Rate + 4.760%) (A)(B)(E) | 7.500 | 06-27-24 | 385,000 | 392,700 | |
M&T Bank Corp. (5.125% to 11-1-26, then 3 month LIBOR + 3.520%) (A)(B)(E) | 5.125 | 11-01-26 | 141,000 | 138,533 | |
NatWest Group PLC (6.000% to 12-29-25, then 5 Year CMT + 5.625%) (A)(B)(E) | 6.000 | 12-29-25 | 393,000 | 387,321 | |
NatWest Markets PLC (A)(B)(D) | 1.600 | 09-29-26 | 439,000 | 393,619 | |
PNC Bank NA (B) | 4.050 | 07-26-28 | 891,000 | 880,875 | |
Santander Holdings USA, Inc. (2.490% to 1-6-27, then SOFR + 1.249%) (B) | 2.490 | 01-06-28 | 254,000 | 230,096 | |
Santander Holdings USA, Inc. (B) | 3.244 | 10-05-26 | 600,000 | 570,484 | |
Santander Holdings USA, Inc. (B) | 3.450 | 06-02-25 | 585,000 | 574,274 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 15 |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Banks (continued) | |||||
Santander Holdings USA, Inc. (B) | 4.400 | 07-13-27 | 155,000 | $152,885 | |
Societe Generale SA (5.375% to 11-18-30, then 5 Year CMT + 4.514%) (A)(B)(D)(E) | 5.375 | 11-18-30 | 269,000 | 236,182 | |
The PNC Financial Services Group, Inc. (3.400% to 9-15-26, then 5 Year CMT + 2.595%) (B)(E) | 3.400 | 09-15-26 | 438,000 | 376,680 | |
The PNC Financial Services Group, Inc. (4.850% to 6-1-23, then 3 month LIBOR + 3.040%) (B)(E) | 4.850 | 06-01-23 | 224,000 | 219,240 | |
The PNC Financial Services Group, Inc. (3 month LIBOR + 3.678%) (B)(E)(F) | 4.964 | 08-01-22 | 855,000 | 847,590 | |
Wells Fargo & Company (2.393% to 6-2-27, then SOFR + 2.100%) (B) | 2.393 | 06-02-28 | 701,000 | 637,720 | |
Wells Fargo & Company (2.879% to 10-30-29, then SOFR + 1.432%) (B) | 2.879 | 10-30-30 | 500,000 | 448,176 | |
Wells Fargo & Company (3.068% to 4-30-40, then SOFR + 2.530%) (B) | 3.068 | 04-30-41 | 363,000 | 291,783 | |
Wells Fargo & Company (3.350% to 3-2-32, then SOFR + 1.500%) (B) | 3.350 | 03-02-33 | 237,000 | 215,339 | |
Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) (E) | 5.875 | 06-15-25 | 1,220,000 | 1,229,150 | |
Capital markets 6.0% | |||||
Ares Capital Corp. (B) | 2.150 | 07-15-26 | 425,000 | 376,963 | |
Ares Capital Corp. (A)(B) | 2.875 | 06-15-28 | 237,000 | 204,604 | |
Ares Capital Corp. (B) | 3.875 | 01-15-26 | 305,000 | 292,809 | |
Ares Capital Corp. (B) | 4.200 | 06-10-24 | 213,000 | 213,134 | |
Blackstone Private Credit Fund (B)(D) | 2.350 | 11-22-24 | 267,000 | 251,947 | |
Blackstone Private Credit Fund (B)(D) | 2.700 | 01-15-25 | 207,000 | 194,583 | |
Blackstone Private Credit Fund (B)(D) | 3.250 | 03-15-27 | 60,000 | 53,799 | |
Blackstone Private Credit Fund (B)(D) | 4.000 | 01-15-29 | 291,000 | 260,730 | |
Deutsche Bank AG (B) | 0.962 | 11-08-23 | 437,000 | 421,108 | |
Deutsche Bank AG (2.311% to 11-16-26, then SOFR + 1.219%) (B) | 2.311 | 11-16-27 | 247,000 | 218,412 | |
Deutsche Bank AG (3.742% to 10-7-31, then SOFR + 2.257%) | 3.742 | 01-07-33 | 321,000 | 262,227 | |
Lazard Group LLC (B) | 4.375 | 03-11-29 | 230,000 | 225,446 | |
Macquarie Bank, Ltd. (B)(D) | 3.624 | 06-03-30 | 246,000 | 220,756 | |
Macquarie Bank, Ltd. (B)(D) | 4.875 | 06-10-25 | 520,000 | 524,791 | |
Morgan Stanley (2.188% to 4-28-25, then SOFR + 1.990%) (B) | 2.188 | 04-28-26 | 803,000 | 757,321 | |
Morgan Stanley (2.239% to 7-21-31, then SOFR + 1.178%) (B) | 2.239 | 07-21-32 | 161,000 | 132,894 | |
Morgan Stanley (2.484% to 9-16-31, then SOFR + 1.360%) (B) | 2.484 | 09-16-36 | 501,000 | 400,829 | |
Morgan Stanley (B) | 3.875 | 01-27-26 | 1,375,000 | 1,362,990 | |
MSCI, Inc. (D) | 3.250 | 08-15-33 | 216,000 | 182,520 |
16 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Capital markets (continued) | |||||
The Goldman Sachs Group, Inc. (2.615% to 4-22-31, then SOFR + 1.281%) (B) | 2.615 | 04-22-32 | 838,000 | $708,806 | |
The Goldman Sachs Group, Inc. (2.650% to 10-21-31, then SOFR + 1.264%) (B) | 2.650 | 10-21-32 | 323,000 | 272,461 | |
The Goldman Sachs Group, Inc. (B) | 3.850 | 01-26-27 | 1,335,000 | 1,305,056 | |
UBS Group AG (7.000% to 1-31-24, then 5 Year U.S. Swap Rate + 4.344%) (D)(E) | 7.000 | 01-31-24 | 295,000 | 299,794 | |
Consumer finance 1.0% | |||||
Capital One Financial Corp. (1.343% to 12-6-23, then SOFR + 0.690%) (B) | 1.343 | 12-06-24 | 318,000 | 305,598 | |
Discover Financial Services (B) | 4.100 | 02-09-27 | 884,000 | 874,617 | |
Enova International, Inc. (D) | 8.500 | 09-15-25 | 260,000 | 258,700 | |
OneMain Finance Corp. (A)(B) | 8.875 | 06-01-25 | 106,000 | 111,247 | |
Diversified financial services 1.3% | |||||
GE Capital International Funding Company (B) | 4.418 | 11-15-35 | 260,000 | 254,116 | |
Jefferies Group LLC (B) | 4.150 | 01-23-30 | 365,000 | 345,518 | |
Jefferies Group LLC (A)(B) | 4.850 | 01-15-27 | 432,000 | 444,299 | |
Voya Financial, Inc. (5.650% to 5-15-23, then 3 month LIBOR + 3.580%) | 5.650 | 05-15-53 | 868,000 | 863,565 | |
Insurance 3.2% | |||||
Athene Holding, Ltd. (B) | 3.500 | 01-15-31 | 162,000 | 143,002 | |
AXA SA (B) | 8.600 | 12-15-30 | 175,000 | 220,271 | |
CNA Financial Corp. (B) | 2.050 | 08-15-30 | 157,000 | 130,547 | |
CNO Financial Group, Inc. (B) | 5.250 | 05-30-25 | 512,000 | 528,000 | |
CNO Financial Group, Inc. (B) | 5.250 | 05-30-29 | 384,000 | 391,393 | |
Liberty Mutual Group, Inc. (4.125% to 9-15-26, then 5 Year CMT + 3.315%) (A)(B)(D) | 4.125 | 12-15-51 | 252,000 | 228,690 | |
MetLife, Inc. (6.400% to 12-15-36, then 3 month LIBOR + 2.205%) (A)(B) | 6.400 | 12-15-36 | 355,000 | 368,210 | |
MetLife, Inc. (9.250% to 4-8-38, then 3 month LIBOR + 5.540%) (B)(D) | 9.250 | 04-08-38 | 315,000 | 389,221 | |
New York Life Insurance Company (B)(D) | 3.750 | 05-15-50 | 199,000 | 173,429 | |
Nippon Life Insurance Company (2.750% to 1-21-31, then 5 Year CMT + 2.653%) (D) | 2.750 | 01-21-51 | 509,000 | 437,740 | |
Nippon Life Insurance Company (5.100% to 10-16-24, then 5 Year U.S. Swap Rate + 3.650%) (D) | 5.100 | 10-16-44 | 365,000 | 366,825 | |
Prudential Financial, Inc. (5.125% to 11-28-31, then 5 Year CMT + 3.162%) (B) | 5.125 | 03-01-52 | 162,000 | 157,545 | |
Prudential Financial, Inc. (5.875% to 9-15-22, then 3 month LIBOR + 4.175%) (B) | 5.875 | 09-15-42 | 662,000 | 660,345 | |
SBL Holdings, Inc. (B)(D) | 5.000 | 02-18-31 | 275,000 | 247,929 | |
Teachers Insurance & Annuity Association of America (B)(D) | 4.270 | 05-15-47 | 430,000 | 405,644 | |
Unum Group (A)(B) | 4.125 | 06-15-51 | 130,000 | 101,935 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 17 |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Thrifts and mortgage finance 0.2% | |||||
Nationstar Mortgage Holdings, Inc. (D) | 5.125 | 12-15-30 | 136,000 | $118,291 | |
Nationstar Mortgage Holdings, Inc. (D) | 5.500 | 08-15-28 | 147,000 | 133,770 | |
Nationstar Mortgage Holdings, Inc. (D) | 6.000 | 01-15-27 | 75,000 | 72,750 | |
Health care 5.1% | 7,824,695 | ||||
Biotechnology 0.7% | |||||
AbbVie, Inc. (B) | 3.200 | 11-21-29 | 1,213,000 | 1,128,764 | |
Health care equipment and supplies 0.1% | |||||
Varex Imaging Corp. (D) | 7.875 | 10-15-27 | 104,000 | 107,120 | |
Health care providers and services 3.4% | |||||
AmerisourceBergen Corp. (B) | 2.800 | 05-15-30 | 340,000 | 303,793 | |
Anthem, Inc. (B) | 2.250 | 05-15-30 | 135,000 | 116,419 | |
Centene Corp. | 3.375 | 02-15-30 | 138,000 | 123,296 | |
Centene Corp. | 4.250 | 12-15-27 | 92,000 | 89,240 | |
Centene Corp. | 4.625 | 12-15-29 | 124,000 | 120,097 | |
CVS Health Corp. (B) | 3.750 | 04-01-30 | 521,000 | 497,831 | |
CVS Health Corp. (B) | 4.300 | 03-25-28 | 149,000 | 149,661 | |
CVS Health Corp. (B) | 5.050 | 03-25-48 | 260,000 | 261,566 | |
DaVita, Inc. (D) | 3.750 | 02-15-31 | 287,000 | 233,905 | |
DaVita, Inc. (D) | 4.625 | 06-01-30 | 274,000 | 238,380 | |
Encompass Health Corp. | 4.500 | 02-01-28 | 130,000 | 120,189 | |
Encompass Health Corp. | 4.625 | 04-01-31 | 114,000 | 100,605 | |
Fresenius Medical Care US Finance III, Inc. (B)(D) | 2.375 | 02-16-31 | 492,000 | 399,884 | |
HCA, Inc. (B) | 4.125 | 06-15-29 | 382,000 | 365,482 | |
HCA, Inc. (B) | 5.250 | 04-15-25 | 875,000 | 901,351 | |
HCA, Inc. (B) | 5.250 | 06-15-26 | 320,000 | 329,780 | |
Rede D’or Finance Sarl (A)(B)(D) | 4.500 | 01-22-30 | 203,000 | 177,402 | |
Select Medical Corp. (A)(B)(D) | 6.250 | 08-15-26 | 231,000 | 229,268 | |
Universal Health Services, Inc. (B)(D) | 1.650 | 09-01-26 | 254,000 | 225,746 | |
Universal Health Services, Inc. (B)(D) | 2.650 | 10-15-30 | 275,000 | 231,191 | |
Pharmaceuticals 0.9% | |||||
Bausch Health Companies, Inc. (D) | 6.125 | 04-15-25 | 268,000 | 268,788 | |
Catalent Pharma Solutions, Inc. (A)(B)(D) | 5.000 | 07-15-27 | 62,000 | 60,063 | |
Organon & Company (D) | 5.125 | 04-30-31 | 249,000 | 225,034 | |
Royalty Pharma PLC (B) | 1.750 | 09-02-27 | 157,000 | 137,422 | |
Viatris, Inc. (B) | 2.300 | 06-22-27 | 164,000 | 145,111 | |
Viatris, Inc. (B) | 2.700 | 06-22-30 | 331,000 | 273,310 | |
Viatris, Inc. (B) | 4.000 | 06-22-50 | 357,000 | 263,997 | |
Industrials 12.0% | 18,339,842 | ||||
Aerospace and defense 1.2% | |||||
DAE Funding LLC (D) | 2.625 | 03-20-25 | 207,000 | 193,949 |
18 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Aerospace and defense (continued) | |||||
Huntington Ingalls Industries, Inc. (B) | 4.200 | 05-01-30 | 352,000 | $345,269 | |
The Boeing Company (B) | 3.200 | 03-01-29 | 298,000 | 268,133 | |
The Boeing Company (B) | 5.040 | 05-01-27 | 463,000 | 468,107 | |
The Boeing Company (B) | 5.150 | 05-01-30 | 316,000 | 313,500 | |
The Boeing Company (B) | 5.805 | 05-01-50 | 254,000 | 254,015 | |
Air freight and logistics 0.0% | |||||
Watco Companies LLC (D) | 6.500 | 06-15-27 | 28,000 | 27,020 | |
Airlines 4.8% | |||||
Air Canada 2013-1 Class A Pass Through Trust (D) | 4.125 | 05-15-25 | 170,072 | 164,458 | |
Air Canada 2017-1 Class B Pass Through Trust (B)(D) | 3.700 | 01-15-26 | 210,370 | 200,954 | |
Alaska Airlines 2020-1 Class B Pass Through Trust (B)(D) | 8.000 | 08-15-25 | 86,611 | 91,622 | |
American Airlines 2015-1 Class A Pass Through Trust | 3.375 | 05-01-27 | 698,693 | 648,911 | |
American Airlines 2015-1 Class B Pass Through Trust | 3.700 | 05-01-23 | 164,180 | 161,594 | |
American Airlines 2016-1 Class A Pass Through Trust | 4.100 | 01-15-28 | 304,841 | 274,351 | |
American Airlines 2017-1 Class A Pass Through Trust (B) | 4.000 | 02-15-29 | 147,713 | 126,950 | |
American Airlines 2017-1 Class AA Pass Through Trust (B) | 3.650 | 02-15-29 | 227,250 | 215,037 | |
American Airlines 2017-2 Class A Pass Through Trust (B) | 3.600 | 10-15-29 | 187,259 | 166,963 | |
American Airlines 2019-1 Class A Pass Through Trust | 3.500 | 02-15-32 | 285,303 | 238,270 | |
American Airlines 2019-1 Class AA Pass Through Trust (B) | 3.150 | 02-15-32 | 230,917 | 206,470 | |
American Airlines 2021-1 Class A Pass Through Trust (B) | 2.875 | 07-11-34 | 152,000 | 133,927 | |
American Airlines 2021-1 Class B Pass Through Trust | 3.950 | 07-11-30 | 113,000 | 101,941 | |
British Airways 2013-1 Class A Pass Through Trust (B)(D) | 4.625 | 06-20-24 | 290,906 | 289,111 | |
British Airways 2018-1 Class A Pass Through Trust (B)(D) | 4.125 | 09-20-31 | 114,650 | 109,419 | |
British Airways 2020-1 Class A Pass Through Trust (B)(D) | 4.250 | 11-15-32 | 97,735 | 94,609 | |
British Airways 2020-1 Class B Pass Through Trust (B)(D) | 8.375 | 11-15-28 | 75,164 | 81,609 | |
Delta Air Lines, Inc. (A)(B) | 2.900 | 10-28-24 | 518,000 | 494,006 | |
Delta Air Lines, Inc. (A)(B) | 4.375 | 04-19-28 | 355,000 | 332,188 | |
Delta Air Lines, Inc. (B)(D) | 4.500 | 10-20-25 | 79,000 | 78,465 | |
Delta Air Lines, Inc. (B)(D) | 4.750 | 10-20-28 | 231,848 | 229,144 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 19 |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Airlines (continued) | |||||
JetBlue 2019-1 Class AA Pass Through Trust (B) | 2.750 | 05-15-32 | 247,870 | $222,859 | |
United Airlines 2014-2 Class A Pass Through Trust (B) | 3.750 | 09-03-26 | 337,377 | 329,840 | |
United Airlines 2014-2 Class B Pass Through Trust | 4.625 | 09-03-22 | 201,829 | 202,385 | |
United Airlines 2016-1 Class A Pass Through Trust (B) | 3.450 | 07-07-28 | 313,410 | 267,658 | |
United Airlines 2016-1 Class B Pass Through Trust | 3.650 | 01-07-26 | 303,722 | 284,512 | |
United Airlines 2018-1 Class B Pass Through Trust | 4.600 | 03-01-26 | 83,014 | 79,907 | |
United Airlines 2019-1 Class A Pass Through Trust (B) | 4.550 | 08-25-31 | 207,267 | 201,392 | |
United Airlines 2020-1 Class A Pass Through Trust (B) | 5.875 | 10-15-27 | 604,645 | 616,917 | |
United Airlines 2020-1 Class B Pass Through Trust (B) | 4.875 | 01-15-26 | 141,100 | 135,718 | |
United Airlines, Inc. (D) | 4.375 | 04-15-26 | 23,000 | 22,207 | |
United Airlines, Inc. (D) | 4.625 | 04-15-29 | 53,000 | 48,628 | |
US Airways 2010-1 Class A Pass Through Trust | 6.250 | 04-22-23 | 153,620 | 151,568 | |
US Airways 2011-1 Class A Pass Through Trust | 7.125 | 10-22-23 | 130,851 | 132,695 | |
US Airways 2012-1 Class A Pass Through Trust | 5.900 | 10-01-24 | 140,336 | 142,752 | |
US Airways 2012-2 Class A Pass Through Trust | 4.625 | 06-03-25 | 128,398 | 122,546 | |
Building products 0.6% | |||||
Builders FirstSource, Inc. (D) | 4.250 | 02-01-32 | 216,000 | 184,410 | |
Builders FirstSource, Inc. (D) | 5.000 | 03-01-30 | 34,000 | 31,450 | |
Builders FirstSource, Inc. (D) | 6.750 | 06-01-27 | 45,000 | 46,406 | |
MIWD Holdco II LLC (D) | 5.500 | 02-01-30 | 37,000 | 32,005 | |
Owens Corning (B) | 3.950 | 08-15-29 | 659,000 | 644,462 | |
Commercial services and supplies 1.1% | |||||
APX Group, Inc. (A)(B)(D) | 5.750 | 07-15-29 | 201,000 | 164,689 | |
Cimpress PLC (D) | 7.000 | 06-15-26 | 290,000 | 270,425 | |
Deluxe Corp. (D) | 8.000 | 06-01-29 | 95,000 | 90,146 | |
Garda World Security Corp. (D) | 6.000 | 06-01-29 | 142,000 | 117,660 | |
GFL Environmental, Inc. (D) | 3.500 | 09-01-28 | 272,000 | 242,080 | |
GFL Environmental, Inc. (D) | 4.375 | 08-15-29 | 173,000 | 153,486 | |
GFL Environmental, Inc. (B)(D) | 4.750 | 06-15-29 | 118,000 | 107,085 | |
Graphic Packaging International LLC (D) | 3.500 | 03-01-29 | 204,000 | 180,030 | |
Legends Hospitality Holding Company LLC (D) | 5.000 | 02-01-26 | 50,000 | 46,923 | |
Prime Security Services Borrower LLC (D) | 3.375 | 08-31-27 | 47,000 | 40,114 | |
Prime Security Services Borrower LLC (D) | 6.250 | 01-15-28 | 163,000 | 146,105 | |
Williams Scotsman International, Inc. (D) | 4.625 | 08-15-28 | 55,000 | 52,055 |
20 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Construction and engineering 0.5% | |||||
AECOM | 5.125 | 03-15-27 | 165,000 | $163,144 | |
Global Infrastructure Solutions, Inc. (D) | 5.625 | 06-01-29 | 189,000 | 172,250 | |
MasTec, Inc. (B)(D) | 4.500 | 08-15-28 | 147,000 | 140,948 | |
Picasso Finance Sub, Inc. (D) | 6.125 | 06-15-25 | 28,000 | 28,521 | |
Tutor Perini Corp. (A)(B)(D) | 6.875 | 05-01-25 | 228,000 | 213,465 | |
Electrical equipment 0.0% | |||||
Atkore, Inc. (D) | 4.250 | 06-01-31 | 68,000 | 60,180 | |
Machinery 0.3% | |||||
Flowserve Corp. (B) | 3.500 | 10-01-30 | 184,000 | 164,772 | |
Hillenbrand, Inc. | 3.750 | 03-01-31 | 154,000 | 135,905 | |
JB Poindexter & Company, Inc. (B)(D) | 7.125 | 04-15-26 | 99,000 | 99,175 | |
Professional services 0.2% | |||||
CoStar Group, Inc. (D) | 2.800 | 07-15-30 | 412,000 | 358,592 | |
Road and rail 0.7% | |||||
The Hertz Corp. (D) | 4.625 | 12-01-26 | 25,000 | 22,788 | |
The Hertz Corp. (D) | 5.000 | 12-01-29 | 54,000 | 47,250 | |
Uber Technologies, Inc. (D) | 4.500 | 08-15-29 | 353,000 | 304,025 | |
Uber Technologies, Inc. (D) | 7.500 | 05-15-25 | 228,000 | 235,412 | |
Uber Technologies, Inc. (D) | 7.500 | 09-15-27 | 406,000 | 417,762 | |
Trading companies and distributors 2.5% | |||||
AerCap Ireland Capital DAC | 1.650 | 10-29-24 | 444,000 | 413,902 | |
AerCap Ireland Capital DAC | 1.750 | 01-30-26 | 359,000 | 319,148 | |
AerCap Ireland Capital DAC | 2.450 | 10-29-26 | 451,000 | 401,075 | |
AerCap Ireland Capital DAC | 2.875 | 08-14-24 | 389,000 | 374,180 | |
Air Lease Corp. (A)(B) | 2.100 | 09-01-28 | 158,000 | 134,797 | |
Air Lease Corp. (B) | 2.875 | 01-15-26 | 171,000 | 159,947 | |
Air Lease Corp. (B) | 3.625 | 12-01-27 | 164,000 | 154,369 | |
Alta Equipment Group, Inc. (B)(D) | 5.625 | 04-15-26 | 47,000 | 43,695 | |
Ashtead Capital, Inc. (B)(D) | 2.450 | 08-12-31 | 200,000 | 163,099 | |
Beacon Roofing Supply, Inc. (D) | 4.125 | 05-15-29 | 149,000 | 131,139 | |
Boise Cascade Company (D) | 4.875 | 07-01-30 | 40,000 | 37,618 | |
H&E Equipment Services, Inc. (D) | 3.875 | 12-15-28 | 252,000 | 219,503 | |
United Rentals North America, Inc. (B) | 3.875 | 11-15-27 | 556,000 | 532,370 | |
United Rentals North America, Inc. (A)(B) | 3.875 | 02-15-31 | 125,000 | 110,225 | |
United Rentals North America, Inc. | 4.875 | 01-15-28 | 583,000 | 567,294 | |
Transportation infrastructure 0.1% | |||||
Adani Ports & Special Economic Zone, Ltd. (D) | 3.100 | 02-02-31 | 238,000 | 192,185 | |
Information technology 9.1% | 13,977,266 | ||||
Communications equipment 0.5% | |||||
Motorola Solutions, Inc. (B) | 2.300 | 11-15-30 | 407,000 | 333,031 | |
Motorola Solutions, Inc. (B) | 2.750 | 05-24-31 | 351,000 | 292,806 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 21 |
Rate (%) | Maturity date | Par value^ | Value | ||
Information technology (continued) | |||||
Communications equipment (continued) | |||||
Motorola Solutions, Inc. (B) | 4.600 | 05-23-29 | 114,000 | $111,744 | |
IT services 1.9% | |||||
Block, Inc. (A)(B)(D) | 3.500 | 06-01-31 | 96,000 | 80,400 | |
CGI, Inc. (B)(D) | 1.450 | 09-14-26 | 287,000 | 258,260 | |
Gartner, Inc. (D) | 3.625 | 06-15-29 | 89,000 | 79,655 | |
Gartner, Inc. (D) | 3.750 | 10-01-30 | 56,000 | 49,941 | |
Gartner, Inc. (A)(B)(D) | 4.500 | 07-01-28 | 285,000 | 273,148 | |
PayPal Holdings, Inc. (B) | 2.850 | 10-01-29 | 989,000 | 905,533 | |
Sabre GLBL, Inc. (A)(B)(D) | 7.375 | 09-01-25 | 641,000 | 648,336 | |
VeriSign, Inc. (B) | 2.700 | 06-15-31 | 196,000 | 169,260 | |
VeriSign, Inc. (B) | 5.250 | 04-01-25 | 510,000 | 527,107 | |
Semiconductors and semiconductor equipment 3.9% | |||||
Broadcom, Inc. (B)(D) | 3.419 | 04-15-33 | 394,000 | 338,029 | |
Broadcom, Inc. (B) | 4.750 | 04-15-29 | 996,000 | 994,397 | |
Broadcom, Inc. (B)(D) | 4.926 | 05-15-37 | 491,000 | 459,011 | |
KLA Corp. (B) | 4.100 | 03-15-29 | 270,000 | 271,379 | |
Marvell Technology, Inc. (B) | 2.450 | 04-15-28 | 414,000 | 367,951 | |
Micron Technology, Inc. (B) | 4.185 | 02-15-27 | 980,000 | 972,805 | |
Micron Technology, Inc. (B) | 4.975 | 02-06-26 | 675,000 | 691,531 | |
Micron Technology, Inc. (B) | 5.327 | 02-06-29 | 697,000 | 721,562 | |
NXP BV (D) | 3.250 | 05-11-41 | 135,000 | 105,548 | |
NXP BV (D) | 3.875 | 06-18-26 | 496,000 | 488,441 | |
Qorvo, Inc. (D) | 1.750 | 12-15-24 | 214,000 | 201,875 | |
Qorvo, Inc. (D) | 3.375 | 04-01-31 | 187,000 | 156,627 | |
Renesas Electronics Corp. (D) | 1.543 | 11-26-24 | 239,000 | 224,458 | |
Software 1.3% | |||||
Autodesk, Inc. (B) | 2.850 | 01-15-30 | 653,000 | 591,663 | |
Consensus Cloud Solutions, Inc. (D) | 6.500 | 10-15-28 | 194,000 | 182,360 | |
Infor, Inc. (B)(D) | 1.750 | 07-15-25 | 113,000 | 105,245 | |
Oracle Corp. (B) | 2.950 | 04-01-30 | 666,000 | 574,570 | |
PTC, Inc. (D) | 4.000 | 02-15-28 | 57,000 | 52,828 | |
Workday, Inc. (B) | 3.500 | 04-01-27 | 174,000 | 169,607 | |
Workday, Inc. (B) | 3.800 | 04-01-32 | 197,000 | 186,405 | |
Ziff Davis, Inc. (D) | 4.625 | 10-15-30 | 153,000 | 136,429 | |
Technology hardware, storage and peripherals 1.5% | |||||
Atento Luxco 1 SA (A)(B)(D) | 8.000 | 02-10-26 | 106,000 | 104,239 | |
CDW LLC | 3.250 | 02-15-29 | 115,000 | 101,200 | |
CDW LLC | 3.569 | 12-01-31 | 352,000 | 308,188 | |
Dell International LLC (B)(D) | 3.450 | 12-15-51 | 336,000 | 236,929 | |
Dell International LLC (B) | 4.900 | 10-01-26 | 480,000 | 489,939 | |
Dell International LLC (B) | 5.300 | 10-01-29 | 221,000 | 227,748 | |
Dell International LLC (B) | 5.850 | 07-15-25 | 148,000 | 155,375 |
22 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Information technology (continued) | |||||
Technology hardware, storage and peripherals (continued) | |||||
Dell International LLC (B) | 8.350 | 07-15-46 | 81,000 | $108,089 | |
Western Digital Corp. (A)(B) | 4.750 | 02-15-26 | 299,000 | 296,817 | |
Xerox Holdings Corp. (A)(B)(D) | 5.500 | 08-15-28 | 252,000 | 226,800 | |
Materials 4.1% | 6,188,788 | ||||
Chemicals 1.5% | |||||
Braskem Netherlands Finance BV (A)(B)(D) | 5.875 | 01-31-50 | 269,000 | 240,486 | |
Braskem Netherlands Finance BV (8.500% to 10-24-25, then 5 Year CMT + 8.220%) (D) | 8.500 | 01-23-81 | 280,000 | 290,192 | |
CVR Partners LP (B)(D) | 6.125 | 06-15-28 | 84,000 | 82,320 | |
FS Luxembourg Sarl (D) | 10.000 | 12-15-25 | 264,000 | 269,940 | |
LSB Industries, Inc. (D) | 6.250 | 10-15-28 | 102,000 | 99,954 | |
Orbia Advance Corp. SAB de CV (D) | 5.500 | 01-15-48 | 285,000 | 252,655 | |
Sasol Financing USA LLC | 5.500 | 03-18-31 | 326,000 | 293,400 | |
Trinseo Materials Operating SCA (B)(D) | 5.125 | 04-01-29 | 162,000 | 142,793 | |
Tronox, Inc. (B)(D) | 4.625 | 03-15-29 | 185,000 | 165,113 | |
Valvoline, Inc. (D) | 3.625 | 06-15-31 | 229,000 | 186,063 | |
WR Grace Holdings LLC (D) | 4.875 | 06-15-27 | 113,000 | 106,243 | |
WR Grace Holdings LLC (D) | 5.625 | 08-15-29 | 101,000 | 86,042 | |
Construction materials 0.5% | |||||
Cemex SAB de CV (D) | 3.875 | 07-11-31 | 255,000 | 216,294 | |
Cemex SAB de CV (D) | 5.200 | 09-17-30 | 256,000 | 241,280 | |
Standard Industries, Inc. (D) | 3.375 | 01-15-31 | 109,000 | 87,054 | |
Standard Industries, Inc. (D) | 4.375 | 07-15-30 | 81,000 | 67,542 | |
Standard Industries, Inc. (D) | 5.000 | 02-15-27 | 54,000 | 51,165 | |
Vulcan Materials Company (B) | 3.500 | 06-01-30 | 173,000 | 164,135 | |
Containers and packaging 0.4% | |||||
Clydesdale Acquisition Holdings, Inc. (D) | 6.625 | 04-15-29 | 19,000 | 18,953 | |
Graham Packaging Company, Inc. (D) | 7.125 | 08-15-28 | 18,000 | 16,230 | |
Mauser Packaging Solutions Holding Company (D) | 8.500 | 04-15-24 | 40,000 | 40,400 | |
Owens-Brockway Glass Container, Inc. (A)(B)(D) | 6.625 | 05-13-27 | 97,000 | 95,545 | |
Pactiv Evergreen Group Issuer LLC (D) | 4.000 | 10-15-27 | 275,000 | 239,938 | |
Pactiv Evergreen Group Issuer LLC (D) | 4.375 | 10-15-28 | 133,000 | 117,373 | |
Trident TPI Holdings, Inc. (A)(B)(D) | 6.625 | 11-01-25 | 85,000 | 82,025 | |
Metals and mining 1.7% | |||||
Anglo American Capital PLC (D) | 4.750 | 04-10-27 | 270,000 | 270,741 | |
Arconic Corp. (D) | 6.000 | 05-15-25 | 85,000 | 85,290 | |
Arconic Corp. (D) | 6.125 | 02-15-28 | 134,000 | 129,813 | |
Commercial Metals Company | 3.875 | 02-15-31 | 110,000 | 96,940 | |
First Quantum Minerals, Ltd. (D) | 6.875 | 10-15-27 | 506,000 | 508,530 | |
Freeport-McMoRan, Inc. | 4.250 | 03-01-30 | 278,000 | 261,570 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 23 |
Rate (%) | Maturity date | Par value^ | Value | ||
Materials (continued) | |||||
Metals and mining (continued) | |||||
Freeport-McMoRan, Inc. (A)(B) | 4.625 | 08-01-30 | 226,000 | $218,311 | |
Freeport-McMoRan, Inc. | 5.450 | 03-15-43 | 323,000 | 322,858 | |
Hudbay Minerals, Inc. (D) | 4.500 | 04-01-26 | 52,000 | 48,077 | |
JW Aluminum Continuous Cast Company (D) | 10.250 | 06-01-26 | 102,000 | 105,843 | |
Newmont Corp. (B) | 2.800 | 10-01-29 | 169,000 | 153,265 | |
Novelis Corp. (D) | 4.750 | 01-30-30 | 313,000 | 287,875 | |
Volcan Cia Minera SAA (D) | 4.375 | 02-11-26 | 52,000 | 46,540 | |
Real estate 4.1% | 6,227,804 | ||||
Equity real estate investment trusts 4.1% | |||||
American Homes 4 Rent LP (B) | 4.250 | 02-15-28 | 154,000 | 150,268 | |
American Tower Corp. (B) | 3.550 | 07-15-27 | 564,000 | 538,122 | |
American Tower Corp. (B) | 3.800 | 08-15-29 | 445,000 | 415,859 | |
Crown Castle International Corp. (B) | 3.300 | 07-01-30 | 336,000 | 304,080 | |
Crown Castle International Corp. (B) | 3.650 | 09-01-27 | 455,000 | 437,095 | |
Crown Castle International Corp. (B) | 3.800 | 02-15-28 | 175,000 | 168,469 | |
Equinix, Inc. (B) | 1.550 | 03-15-28 | 340,000 | 289,705 | |
Equinix, Inc. (B) | 1.800 | 07-15-27 | 201,000 | 176,971 | |
Equinix, Inc. (B) | 2.500 | 05-15-31 | 529,000 | 444,395 | |
Equinix, Inc. (A)(B) | 3.200 | 11-18-29 | 158,000 | 143,231 | |
GLP Capital LP | 3.250 | 01-15-32 | 119,000 | 100,118 | |
GLP Capital LP | 5.375 | 04-15-26 | 282,000 | 287,682 | |
Host Hotels & Resorts LP (B) | 3.375 | 12-15-29 | 384,000 | 344,291 | |
Host Hotels & Resorts LP (B) | 3.500 | 09-15-30 | 268,000 | 240,759 | |
Host Hotels & Resorts LP (A)(B) | 4.500 | 02-01-26 | 164,000 | 163,767 | |
Iron Mountain Information Management Services, Inc. (D) | 5.000 | 07-15-32 | 176,000 | 155,088 | |
Iron Mountain, Inc. (D) | 4.875 | 09-15-29 | 150,000 | 137,407 | |
Iron Mountain, Inc. (D) | 5.250 | 07-15-30 | 200,000 | 183,308 | |
MGM Growth Properties Operating Partnership LP (A)(B)(D) | 3.875 | 02-15-29 | 174,000 | 164,999 | |
RHP Hotel Properties LP (D) | 4.500 | 02-15-29 | 258,000 | 233,095 | |
RLJ Lodging Trust LP (D) | 3.750 | 07-01-26 | 114,000 | 105,450 | |
Uniti Group LP (D) | 6.500 | 02-15-29 | 110,000 | 94,920 | |
VICI Properties LP | 3.875 | 02-15-29 | 387,000 | 367,477 | |
VICI Properties LP (D) | 4.125 | 08-15-30 | 155,000 | 139,247 | |
VICI Properties LP (D) | 4.625 | 12-01-29 | 199,000 | 186,861 | |
VICI Properties LP | 4.950 | 02-15-30 | 119,000 | 118,101 | |
VICI Properties LP | 5.125 | 05-15-32 | 62,000 | 61,528 | |
XHR LP (D) | 4.875 | 06-01-29 | 82,000 | 75,511 | |
Utilities 3.5% | 5,410,189 | ||||
Electric utilities 2.4% | |||||
ABY Transmision Sur SA (D) | 6.875 | 04-30-43 | 239,100 | 279,747 |
24 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Utilities (continued) | |||||
Electric utilities (continued) | |||||
Emera US Finance LP (B) | 3.550 | 06-15-26 | 438,000 | $427,409 | |
FirstEnergy Corp. | 2.650 | 03-01-30 | 690,000 | 585,141 | |
Instituto Costarricense de Electricidad (D) | 6.375 | 05-15-43 | 215,000 | 175,983 | |
NextEra Energy Capital Holdings, Inc. (B) | 3.550 | 05-01-27 | 582,000 | 570,444 | |
NRG Energy, Inc. (B)(D) | 2.450 | 12-02-27 | 283,000 | 250,674 | |
NRG Energy, Inc. (D) | 3.375 | 02-15-29 | 47,000 | 39,833 | |
NRG Energy, Inc. (D) | 3.625 | 02-15-31 | 132,000 | 109,890 | |
NRG Energy, Inc. (D) | 3.875 | 02-15-32 | 281,000 | 234,563 | |
NRG Energy, Inc. (B)(D) | 4.450 | 06-15-29 | 194,000 | 185,867 | |
Vistra Operations Company LLC (B)(D) | 3.700 | 01-30-27 | 486,000 | 455,197 | |
Vistra Operations Company LLC (B)(D) | 4.300 | 07-15-29 | 406,000 | 377,061 | |
Gas utilities 0.1% | |||||
Suburban Propane Partners LP (D) | 5.000 | 06-01-31 | 134,000 | 121,853 | |
Independent power and renewable electricity producers 0.2% | |||||
AES Panama Generation Holdings SRL (D) | 4.375 | 05-31-30 | 233,000 | 207,370 | |
NextEra Energy Operating Partners LP (A)(B)(D) | 4.500 | 09-15-27 | 110,000 | 104,195 | |
Multi-utilities 0.8% | |||||
Berkshire Hathaway Energy Company (B) | 8.480 | 09-15-28 | 550,000 | 676,907 | |
Dominion Energy, Inc. (B) | 3.375 | 04-01-30 | 481,000 | 445,383 | |
NiSource, Inc. (B) | 3.600 | 05-01-30 | 174,000 | 162,672 | |
Municipal bonds 0.6% (0.3% of Total investments) | $850,863 | ||||
(Cost $957,492) | |||||
Golden State Tobacco Securitization Corp. (California) | 4.214 | 06-01-50 | 176,000 | 147,371 | |
New Jersey Transportation Trust Fund Authority | 4.081 | 06-15-39 | 296,000 | 267,374 | |
New Jersey Transportation Trust Fund Authority | 4.131 | 06-15-42 | 30,000 | 26,666 | |
State Board of Administration Finance Corp. (Florida) | 1.705 | 07-01-27 | 450,000 | 409,452 | |
Term loans (G) 1.5% (0.9% of Total investments) | $2,335,851 | ||||
(Cost $2,433,538) | |||||
Communication services 0.1% | 70,645 | ||||
Media 0.1% | |||||
AP Core Holdings II LLC, High-Yield Term Loan B2 (1 month LIBOR + 5.500%) | 6.264 | 09-01-27 | 71,000 | 70,645 | |
Consumer discretionary 1.0% | 1,544,280 | ||||
Hotels, restaurants and leisure 0.1% | |||||
Fertitta Entertainment LLC, 2022 Term Loan B (1 month CME Term SOFR + 4.000%) | 4.500 | 01-27-29 | 81,000 | 80,572 | |
Household durables 0.1% | |||||
Hunter Douglas, Inc., USD Term Loan B1 (3 month SOFR + 3.500%) | 4.000 | 02-26-29 | 231,000 | 219,508 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 25 |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary (continued) | |||||
Specialty retail 0.8% | |||||
Specialty Building Products Holdings LLC, 2021 Term Loan B (1 month LIBOR + 3.750%) | 4.304 | 10-15-28 | 1,314,000 | $1,244,200 | |
Health care 0.0% | 48,251 | ||||
Health care providers and services 0.0% | |||||
TTF Holdings LLC, Term Loan (1 month LIBOR + 4.250%) | 5.063 | 03-31-28 | 48,739 | 48,251 | |
Industrials 0.2% | 334,880 | ||||
Professional services 0.2% | |||||
CoreLogic, Inc., Term Loan (1 month LIBOR + 3.500%) | 4.313 | 06-02-28 | 357,205 | 334,880 | |
Information technology 0.1% | 172,626 | ||||
Software 0.1% | |||||
Quest Software, Inc., 2022 Term Loan (3 month SOFR + 4.250%) | 4.750 | 02-01-29 | 176,000 | 172,626 | |
Materials 0.1% | 165,169 | ||||
Containers and packaging 0.1% | |||||
Clydesdale Acquisition Holdings, Inc., Term Loan B (3 month SOFR + 4.250%) | 4.783 | 04-13-29 | 45,000 | 44,376 | |
Mauser Packaging Solutions Holding Company, 2017 Term Loan B (H) | TBD | 04-03-24 | 123,352 | 120,793 | |
Collateralized mortgage obligations 12.9% (7.9% of Total investments) | $19,709,055 | ||||
(Cost $23,301,143) | |||||
Commercial and residential 10.1% | 15,499,205 | ||||
Angel Oak Mortgage Trust LLC | |||||
Series 2020-R1, Class A1 (D)(I) | 0.990 | 04-25-53 | 159,376 | 156,264 | |
Series 2021-2, Class A1 (D)(I) | 0.985 | 04-25-66 | 113,455 | 103,600 | |
Series 2021-4, Class A1 (D)(I) | 1.035 | 01-20-65 | 229,797 | 215,264 | |
Series 2021-5, Class A1 (D)(I) | 0.951 | 07-25-66 | 287,201 | 258,511 | |
Arroyo Mortgage Trust | |||||
Series 2021-1R, Class A1 (D)(I) | 1.175 | 10-25-48 | 189,892 | 176,888 | |
BAMLL Commercial Mortgage Securities Trust | |||||
Series 2015-200P, Class C (D)(I) | 3.716 | 04-14-33 | 490,000 | 473,452 | |
Series 2019-BPR, Class ENM (D)(I) | 3.843 | 11-05-32 | 175,000 | 150,757 | |
BBCMS Mortgage Trust | |||||
Series 2019-C5, Class A2 | 3.043 | 11-15-52 | 241,000 | 236,998 | |
Series 2020-C6, Class A2 | 2.690 | 02-15-53 | 155,000 | 150,647 | |
BBCMS Trust | |||||
Series 2015-MSQ, Class D (D)(I) | 4.123 | 09-15-32 | 480,000 | 478,864 | |
Series 2015-SRCH, Class D (D)(I) | 5.122 | 08-10-35 | 295,000 | 285,198 | |
Benchmark Mortgage Trust | |||||
Series 2019-B12, Class A2 | 3.001 | 08-15-52 | 136,038 | 133,172 | |
BOCA Commercial Mortgage Trust |
26 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
Series 2022-BOCA, Class A (1 month CME Term SOFR + 1.770%) (D)(F) | 2.270 | 05-15-39 | 212,000 | $211,692 | |
Series 2022-BOCA, Class A (1 month CME Term SOFR + 2.319%) (D)(F) | 2.819 | 05-15-39 | 100,000 | 99,854 | |
BPR Trust | |||||
Series 2022-OANA, Class A (1 month CME Term SOFR + 1.898%) (D)(F) | 2.248 | 04-15-37 | 601,000 | 599,859 | |
BRAVO Residential Funding Trust | |||||
Series 2021-NQM1, Class A1 (D)(I) | 0.941 | 02-25-49 | 140,824 | 132,768 | |
BWAY Mortgage Trust | |||||
Series 2015-1740, Class XA IO (D) | 0.205 | 01-10-35 | 6,885,000 | 102 | |
BX Commercial Mortgage Trust | |||||
Series 2018-BIOA, Class D (1 month LIBOR + 1.321%) (D)(F) | 1.875 | 03-15-37 | 248,102 | 243,599 | |
Series 2020-VKNG, Class A (1 month LIBOR + 0.930%) (D)(F) | 1.484 | 10-15-37 | 268,534 | 263,831 | |
Series 2021-ACNT, Class A (1 month LIBOR + 0.850%) (D)(F) | 1.405 | 11-15-38 | 184,000 | 180,370 | |
Series 2021-VOLT, Class C (1 month LIBOR + 1.100%) (D)(F) | 1.654 | 09-15-36 | 223,000 | 215,389 | |
Series 2022-AHP, Class A (1 month CME Term SOFR + 0.990%) (D)(F) | 1.499 | 01-17-39 | 451,000 | 444,158 | |
CAMB Commercial Mortgage Trust | |||||
Series 2019-LIFE, Class F (1 month LIBOR + 2.550%) (D)(F) | 3.104 | 12-15-37 | 146,000 | 142,903 | |
Citigroup Commercial Mortgage Trust | |||||
Series 2019-PRM, Class A (D) | 3.341 | 05-10-36 | 234,000 | 233,627 | |
Series 2019-SMRT, Class A (D) | 4.149 | 01-10-36 | 123,000 | 123,748 | |
COLT Mortgage Loan Trust | |||||
Series 2021-2, Class A1 (D)(I) | 0.924 | 08-25-66 | 234,835 | 208,650 | |
Series 2021-3, Class A1 (D)(I) | 0.956 | 09-27-66 | 311,795 | 276,461 | |
Series 2021-HX1, Class A1 (D)(I) | 1.110 | 10-25-66 | 273,507 | 251,337 | |
COLT Trust | |||||
Series 2020-RPL1, Class A1 (D)(I) | 1.390 | 01-25-65 | 425,312 | 395,299 | |
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) | |||||
Series 2012-CR2, Class XA IO | 1.682 | 08-15-45 | 635,165 | 50 | |
Series 2012-CR3, Class XA IO | 1.988 | 10-15-45 | 2,065,533 | 4,061 | |
Commercial Mortgage Trust (Citigroup/Deutsche Bank AG) | |||||
Series 2018-COR3, Class XA IO | 0.578 | 05-10-51 | 3,816,469 | 86,577 | |
Commercial Mortgage Trust (Deutsche Bank AG) | |||||
Series 2013-300P, Class D (D)(I) | 4.540 | 08-10-30 | 340,000 | 332,659 | |
Series 2020-CBM, Class A2 (D) | 2.896 | 02-10-37 | 208,000 | 199,653 | |
Credit Suisse Mortgage Capital Certificates | |||||
Series 2019-ICE4, Class D (1 month LIBOR + 1.600%) (D)(F) | 2.154 | 05-15-36 | 350,000 | 345,819 | |
Series 2021-NQM2, Class A1 (D)(I) | 1.179 | 02-25-66 | 201,191 | 192,032 | |
Series 2021-NQM3, Class A1 (D)(I) | 1.015 | 04-25-66 | 160,484 | 151,006 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 27 |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
Series 2021-NQM5, Class A1 (D)(I) | 0.938 | 05-25-66 | 161,650 | $150,630 | |
Ellington Financial Mortgage Trust | |||||
Series 2021-1, Class A1 (D)(I) | 0.797 | 02-25-66 | 86,020 | 79,702 | |
Series 2021-2, Class A1 (D)(I) | 0.931 | 06-25-66 | 186,619 | 169,951 | |
Flagstar Mortgage Trust | |||||
Series 2021-1, Class A2 (D)(I) | 2.500 | 02-01-51 | 377,519 | 333,849 | |
GCAT Trust | |||||
Series 2021-NQM1, Class A1 (D)(I) | 0.874 | 01-25-66 | 166,775 | 158,850 | |
Series 2021-NQM2, Class A1 (D)(I) | 1.036 | 05-25-66 | 137,719 | 128,146 | |
Series 2021-NQM3, Class A1 (D)(I) | 1.091 | 05-25-66 | 224,649 | 210,615 | |
GS Mortgage Securities Trust | |||||
Series 2017-485L, Class C (D)(I) | 4.115 | 02-10-37 | 240,000 | 225,704 | |
Series 2020-UPTN, Class A (D) | 2.751 | 02-10-37 | 192,000 | 184,057 | |
GS Mortgage-Backed Securities Trust | |||||
Series 2020-NQM1, Class A1 (D)(I) | 1.382 | 09-27-60 | 60,570 | 58,904 | |
HarborView Mortgage Loan Trust | |||||
Series 2007-3, Class ES IO (D) | 0.350 | 05-19-47 | 2,720,299 | 28,350 | |
Series 2007-4, Class ES IO | 0.350 | 07-19-47 | 2,890,944 | 38,161 | |
Series 2007-6, Class ES IO (D) | 0.343 | 08-19-37 | 2,912,634 | 40,864 | |
Imperial Fund Mortgage Trust | |||||
Series 2021-NQM1, Class A1 (D)(I) | 1.071 | 06-25-56 | 136,341 | 126,086 | |
IMT Trust | |||||
Series 2017-APTS, Class CFX (D)(I) | 3.613 | 06-15-34 | 190,000 | 184,688 | |
Irvine Core Office Trust | |||||
Series 2013-IRV, Class A2 (D)(I) | 3.279 | 05-15-48 | 245,000 | 243,932 | |
JPMorgan Chase Commercial Mortgage Securities Trust | |||||
Series 2012-HSBC, Class XA IO (D) | 1.582 | 07-05-32 | 2,479,754 | 195 | |
Series 2020-NNN, Class AFX (D) | 2.812 | 01-16-37 | 195,000 | 186,657 | |
KNDL Mortgage Trust | |||||
Series 2019-KNSQ, Class D (1 month LIBOR + 1.350%) (D)(F) | 1.904 | 05-15-36 | 144,000 | 141,470 | |
Life Mortgage Trust | |||||
Series 2021-BMR, Class A (1 month LIBOR + 0.700%) (D)(F) | 1.254 | 03-15-38 | 275,232 | 269,392 | |
Series 2021-BMR, Class D (1 month LIBOR + 1.400%) (D)(F) | 1.954 | 03-15-38 | 214,288 | 206,121 | |
MFA Trust | |||||
Series 2021-NQM1, Class A1 (D)(I) | 1.153 | 04-25-65 | 131,024 | 124,977 | |
Morgan Stanley Capital I Trust | |||||
Series 2017-CLS, Class D (1 month LIBOR + 1.400%) (D)(F) | 1.954 | 11-15-34 | 304,000 | 301,308 | |
Natixis Commercial Mortgage Securities Trust | |||||
Series 2018-285M, Class D (D)(I) | 3.917 | 11-15-32 | 100,000 | 99,409 | |
Series 2018-ALXA, Class C (D)(I) | 4.460 | 01-15-43 | 175,000 | 165,947 | |
NYMT Loan Trust | |||||
Series 2022-CP1, Class A1 (D) | 2.042 | 07-25-61 | 137,495 | 131,431 | |
OBX Trust | |||||
Series 2020-EXP2, Class A3 (D)(I) | 2.500 | 05-25-60 | 104,252 | 98,306 | |
Series 2021-NQM2, Class A1 (D)(I) | 1.101 | 05-25-61 | 254,894 | 236,986 |
28 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
Series 2021-NQM3, Class A1 (D)(I) | 1.054 | 07-25-61 | 289,439 | $262,080 | |
One Market Plaza Trust | |||||
Series 2017-1MKT, Class D (D) | 4.146 | 02-10-32 | 190,000 | 186,461 | |
SLG Office Trust | |||||
Series 2021-OVA, Class D (D) | 2.851 | 07-15-41 | 270,000 | 226,738 | |
Starwood Mortgage Residential Trust | |||||
Series 2022-1, Class A1 (D)(I) | 2.447 | 12-25-66 | 283,562 | 266,395 | |
Towd Point Mortgage Trust | |||||
Series 2015-1, Class A5 (D)(I) | 3.170 | 10-25-53 | 125,000 | 123,627 | |
Series 2015-2, Class 1M2 (D)(I) | 3.312 | 11-25-60 | 300,000 | 299,524 | |
Series 2017-2, Class A1 (D)(I) | 2.750 | 04-25-57 | 18,532 | 18,486 | |
Series 2018-1, Class A1 (D)(I) | 3.000 | 01-25-58 | 63,135 | 62,411 | |
Series 2018-4, Class A1 (D)(I) | 3.000 | 06-25-58 | 219,563 | 213,408 | |
Series 2018-5, Class A1A (D)(I) | 3.250 | 07-25-58 | 39,930 | 39,644 | |
Series 2019-1, Class A1 (D)(I) | 3.656 | 03-25-58 | 166,051 | 163,719 | |
Series 2019-4, Class A1 (D)(I) | 2.900 | 10-25-59 | 181,390 | 177,315 | |
Series 2020-4, Class A1 (D) | 1.750 | 10-25-60 | 218,206 | 202,444 | |
Verus Securitization Trust | |||||
Series 2020-5, Class A1 (D) | 1.218 | 05-25-65 | 80,869 | 77,668 | |
Series 2021-3, Class A1 (D)(I) | 1.046 | 06-25-66 | 233,415 | 216,550 | |
Series 2021-4, Class A1 (D)(I) | 0.938 | 07-25-66 | 128,632 | 115,213 | |
Series 2021-5, Class A1 (D)(I) | 1.013 | 09-25-66 | 257,035 | 233,016 | |
Series 2021-R1, Class A1 (D)(I) | 0.820 | 10-25-63 | 132,543 | 129,096 | |
WF-RBS Commercial Mortgage Trust | |||||
Series 2012-C9, Class XA IO (D) | 2.000 | 11-15-45 | 2,810,612 | 5,603 | |
U.S. Government Agency 2.8% | 4,209,850 | ||||
Federal Home Loan Mortgage Corp. | |||||
Series 2022-DNA1, Class M1A (1 month SOFR + 1.000%) (D)(F) | 1.289 | 01-25-42 | 304,000 | 298,464 | |
Series 2022-DNA2, Class M1A (1 month SOFR + 1.300%) (D)(F) | 1.589 | 02-25-42 | 225,268 | 223,128 | |
Series 2022-DNA2, Class M1B (1 month SOFR + 2.400%) (D)(F) | 2.689 | 02-25-42 | 270,000 | 265,144 | |
Series 2022-DNA3, Class M1A (1 month SOFR + 2.000%) (D)(F) | 2.251 | 04-25-42 | 306,000 | 306,000 | |
Series 2022-DNA3, Class M1B (1 month SOFR + 2.900%) (D)(F) | 3.151 | 04-25-42 | 164,000 | 164,104 | |
Series K021, Class X1 IO | 1.502 | 06-25-22 | 334,068 | 25 | |
Series K022, Class X1 IO | 1.259 | 07-25-22 | 2,325,268 | 2,965 | |
Federal National Mortgage Association | |||||
Series 2022-R03, Class 1M1 (1 month SOFR + 2.100%) (D)(F) | 2.389 | 03-25-42 | 288,752 | 289,068 | |
Series 2022-R04, Class 1M1 (1 month SOFR + 2.000%) (D)(F) | 2.289 | 03-25-42 | 123,705 | 123,725 | |
Government National Mortgage Association | |||||
Series 2012-114, Class IO | 0.659 | 01-16-53 | 632,004 | 12,209 | |
Series 2016-174, Class IO | 0.848 | 11-16-56 | 900,041 | 41,863 | |
Series 2017-109, Class IO | 0.289 | 04-16-57 | 970,780 | 25,140 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 29 |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency (continued) | |||||
Series 2017-124, Class IO | 0.608 | 01-16-59 | 834,350 | $29,811 | |
Series 2017-135, Class IO | 0.725 | 10-16-58 | 1,229,065 | 53,711 | |
Series 2017-140, Class IO | 0.489 | 02-16-59 | 598,815 | 22,550 | |
Series 2017-20, Class IO | 0.612 | 12-16-58 | 1,859,608 | 62,418 | |
Series 2017-22, Class IO | 0.717 | 12-16-57 | 420,825 | 18,615 | |
Series 2017-46, Class IO | 0.634 | 11-16-57 | 1,265,377 | 51,558 | |
Series 2017-61, Class IO | 0.771 | 05-16-59 | 746,388 | 33,231 | |
Series 2017-74, Class IO | 0.502 | 09-16-58 | 1,388,077 | 40,533 | |
Series 2018-114, Class IO | 0.710 | 04-16-60 | 827,678 | 38,876 | |
Series 2018-158, Class IO | 0.751 | 05-16-61 | 1,312,333 | 75,668 | |
Series 2018-35, Class IO | 0.527 | 03-16-60 | 1,690,617 | 72,560 | |
Series 2018-43, Class IO | 0.501 | 05-16-60 | 2,595,617 | 104,021 | |
Series 2018-69, Class IO | 0.601 | 04-16-60 | 700,259 | 37,220 | |
Series 2018-9, Class IO | 0.468 | 01-16-60 | 1,380,650 | 54,832 | |
Series 2019-131, Class IO | 0.801 | 07-16-61 | 945,453 | 58,214 | |
Series 2020-100, Class IO | 0.800 | 05-16-62 | 1,120,270 | 75,934 | |
Series 2020-108, Class IO | 0.850 | 06-16-62 | 1,282,086 | 84,966 | |
Series 2020-114, Class IO | 0.811 | 09-16-62 | 2,707,176 | 185,199 | |
Series 2020-118, Class IO | 0.900 | 06-16-62 | 1,996,157 | 141,200 | |
Series 2020-119, Class IO | 0.633 | 08-16-62 | 1,163,956 | 68,663 | |
Series 2020-120, Class IO | 0.786 | 05-16-62 | 613,594 | 41,233 | |
Series 2020-137, Class IO | 0.801 | 09-16-62 | 3,058,698 | 198,324 | |
Series 2020-150, Class IO | 0.952 | 12-16-62 | 1,765,280 | 134,616 | |
Series 2020-170, Class IO | 0.827 | 11-16-62 | 2,398,590 | 168,244 | |
Series 2021-3, Class IO | 0.872 | 09-16-62 | 2,935,635 | 212,105 | |
Series 2021-40, Class IO | 0.822 | 02-16-63 | 747,065 | 53,336 | |
Series 2022-17, Class IO | 0.802 | 06-16-64 | 1,541,916 | 114,835 | |
Series 2022-21, Class IO | 0.784 | 10-16-63 | 679,218 | 49,906 | |
Series 2022-53, Class IO | 0.713 | 06-16-64 | 2,592,755 | 175,636 | |
Asset backed securities 13.5% (8.3% of Total investments) | $20,667,814 | ||||
(Cost $22,171,473) | |||||
Asset backed securities 13.5% | 20,667,814 | ||||
Aligned Data Centers Issuer LLC | |||||
Series 2021-1A, Class A2 (D) | 1.937 | 08-15-46 | 517,000 | 466,954 | |
AMSR Trust | |||||
Series 2020-SFR4, Class A (D) | 1.355 | 11-17-37 | 466,000 | 428,003 | |
Series 2021-SFR4, Class A (D) | 2.117 | 12-17-38 | 155,000 | 141,044 | |
Applebee’s Funding LLC | |||||
Series 2019-1A, Class A2I (D) | 4.194 | 06-05-49 | 435,600 | 430,732 | |
Aqua Finance Trust | |||||
Series 2021-A, Class A (D) | 1.540 | 07-17-46 | 145,346 | 137,046 | |
Arby’s Funding LLC | |||||
Series 2020-1A, Class A2 (D) | 3.237 | 07-30-50 | 384,150 | 358,285 | |
Avis Budget Rental Car Funding AESOP LLC | |||||
Series 2019-3A, Class A (D) | 2.360 | 03-20-26 | 378,000 | 363,877 |
30 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
Series 2020-1A, Class A (D) | 2.330 | 08-20-26 | 251,000 | $239,510 | |
BMW Vehicle Lease Trust | |||||
Series 2022-1, Class A3 | 1.100 | 03-25-25 | 129,000 | 125,611 | |
Bojangles Issuer LLC | |||||
Series 2020-1A, Class A2 (D) | 3.832 | 10-20-50 | 119,700 | 115,088 | |
CARS-DB4 LP | |||||
Series 2020-1A, Class B1 (D) | 4.170 | 02-15-50 | 293,000 | 285,310 | |
CF Hippolyta LLC | |||||
Series 2020-1, Class A1 (D) | 1.690 | 07-15-60 | 373,724 | 346,658 | |
Series 2021-1A, Class A1 (D) | 1.530 | 03-15-61 | 372,299 | 339,059 | |
Chase Auto Credit Linked Notes | |||||
Series 2021-3, Class B (D) | 0.760 | 02-26-29 | 180,600 | 174,645 | |
CLI Funding VI LLC | |||||
Series 2020-1A, Class A (D) | 2.080 | 09-18-45 | 432,770 | 396,211 | |
CLI Funding VIII LLC | |||||
Series 2021-1A, Class A (D) | 1.640 | 02-18-46 | 389,645 | 350,736 | |
Series 2022-1A, Class A1 (D) | 2.720 | 01-18-47 | 233,472 | 215,119 | |
ContiMortgage Home Equity Loan Trust | |||||
Series 1995-2, Class A5 | 8.100 | 08-15-25 | 15,854 | 13,882 | |
DB Master Finance LLC | |||||
Series 2017-1A, Class A2II (D) | 4.030 | 11-20-47 | 163,200 | 160,122 | |
Diamond Infrastructure Funding LLC | |||||
Series 2021-1A, Class C (D) | 3.475 | 04-15-49 | 80,000 | 71,530 | |
Domino’s Pizza Master Issuer LLC | |||||
Series 2017-1A, Class A23 (D) | 4.118 | 07-25-47 | 512,263 | 503,432 | |
Series 2021-1A, Class A2I (D) | 2.662 | 04-25-51 | 264,330 | 237,157 | |
Driven Brands Funding LLC | |||||
Series 2020-2A, Class A2 (D) | 3.237 | 01-20-51 | 276,500 | 248,413 | |
Series 2021-1A, Class A2 (D) | 2.791 | 10-20-51 | 333,325 | 288,949 | |
Elmwood CLO IV, Ltd. | |||||
Series 2020-1A, Class A (3 month LIBOR + 1.240%) (D)(F) | 2.284 | 04-15-33 | 263,000 | 261,608 | |
FirstKey Homes Trust | |||||
Series 2020-SFR1, Class A (D) | 1.339 | 08-17-37 | 448,559 | 413,553 | |
Series 2020-SFR2, Class A (D) | 1.266 | 10-19-37 | 534,594 | 486,623 | |
Series 2021-SFR1, Class A (D) | 1.538 | 08-17-38 | 401,288 | 363,919 | |
Series 2021-SFR1, Class D (D) | 2.189 | 08-17-38 | 264,000 | 233,080 | |
Five Guys Funding LLC | |||||
Series 2017-1A, Class A2 (D) | 4.600 | 07-25-47 | 194,530 | 193,922 | |
FOCUS Brands Funding LLC | |||||
Series 2017-1A, Class A2IB (D) | 3.857 | 04-30-47 | 137,129 | 134,001 | |
Ford Credit Auto Owner Trust | |||||
Series 2020-1, Class A (D) | 2.040 | 08-15-31 | 466,000 | 446,582 | |
Ford Credit Floorplan Master Owner Trust | |||||
Series 2019-2, Class A | 3.060 | 04-15-26 | 508,000 | 504,353 | |
GM Financial Automobile Leasing Trust | |||||
Series 2021-2, Class A4 | 0.410 | 05-20-25 | 96,000 | 92,622 | |
GM Financial Consumer Automobile Receivables Trust | |||||
Series 2021-4, Class A3 | 0.680 | 09-16-26 | 101,000 | 97,050 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 31 |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
Series 2022-1, Class A3 | 1.260 | 11-16-26 | 83,000 | $79,710 | |
Golub Capital Partners Funding, Ltd. | |||||
Series 2020-1A, Class A2 (D) | 3.208 | 01-22-29 | 297,000 | 284,853 | |
Series 2021-1A, Class A2 (D) | 2.773 | 04-20-29 | 268,000 | 253,287 | |
HI-FI Music IP Issuer LP | |||||
Series 2022-1A, Class A2 (D) | 3.939 | 02-01-62 | 224,000 | 221,990 | |
Hilton Grand Vacations Trust | |||||
Series 2018-AA, Class A (D) | 3.540 | 02-25-32 | 73,669 | 73,381 | |
Home Partners of America Trust | |||||
Series 2021-2, Class A (D) | 1.901 | 12-17-26 | 300,720 | 274,724 | |
Honda Auto Receivables Owner Trust | |||||
Series 2021-2, Class A4 | 0.550 | 08-16-27 | 189,000 | 178,549 | |
Hyundai Auto Lease Securitization Trust | |||||
Series 2022-A, Class A3 (D) | 1.160 | 01-15-25 | 155,000 | 150,654 | |
Jack in the Box Funding LLC | |||||
Series 2019-1A, Class A23 (D) | 4.970 | 08-25-49 | 194,040 | 188,904 | |
Series 2022-1A, Class A2I (D) | 3.445 | 02-26-52 | 304,000 | 280,881 | |
Laurel Road Prime Student Loan Trust | |||||
Series 2019-A, Class A2FX (D) | 2.730 | 10-25-48 | 29,080 | 28,811 | |
MVW LLC | |||||
Series 2020-1A, Class D (D) | 7.140 | 10-20-37 | 1,419,606 | 1,419,510 | |
MVW Owner Trust | |||||
Series 2018-1A, Class A (D) | 3.450 | 01-21-36 | 118,411 | 117,452 | |
Navient Private Education Refi Loan Trust | |||||
Series 2019-FA, Class A2 (D) | 2.600 | 08-15-68 | 153,949 | 151,821 | |
Neighborly Issuer LLC | |||||
Series 2021-1A, Class A2 (D) | 3.584 | 04-30-51 | 472,430 | 430,961 | |
Series 2022-1A, Class A2 (D) | 3.695 | 01-30-52 | 189,000 | 171,004 | |
New Economy Assets Phase 1 Sponsor LLC | |||||
Series 2021-1, Class A1 (D) | 1.910 | 10-20-61 | 461,000 | 413,636 | |
Series 2021-1, Class B1 (D) | 2.410 | 10-20-61 | 139,000 | 125,785 | |
NRZ Excess Spread-Collateralized Notes | |||||
Series 2021-FHT1, Class A (D) | 3.104 | 07-25-26 | 82,367 | 76,127 | |
PFS Financing Corp. | |||||
Series 2020-E, Class A (D) | 1.000 | 10-15-25 | 263,000 | 253,889 | |
Progress Residential Trust | |||||
Series 2020-SFR1, Class A (D) | 1.732 | 04-17-37 | 261,000 | 246,065 | |
Series 2021-SFR8, Class B (D) | 1.681 | 10-17-38 | 165,000 | 146,833 | |
Santander Revolving Auto Loan Trust | |||||
Series 2019-A, Class A (D) | 2.510 | 01-26-32 | 488,000 | 471,547 | |
ServiceMaster Funding LLC | |||||
Series 2021-1, Class A2I (D) | 2.865 | 07-30-51 | 252,730 | 224,367 | |
Sesac Finance LLC | |||||
Series 2019-1, Class A2 (D) | 5.216 | 07-25-49 | 352,045 | 342,097 | |
SMB Private Education Loan Trust | |||||
Series 2019-B, Class A2A (D) | 2.840 | 06-15-37 | 286,359 | 280,650 | |
Series 2020-PTA, Class A2A (D) | 1.600 | 09-15-54 | 237,020 | 223,399 | |
Series 2021-A, Class APT2 (D) | 1.070 | 01-15-53 | 186,143 | 169,053 | |
Sonic Capital LLC | |||||
Series 2020-1A, Class A2I (D) | 3.845 | 01-20-50 | 311,717 | 299,680 |
32 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
Series 2021-1A, Class A2I (D) | 2.190 | 08-20-51 | 237,606 | $205,997 | |
Sunbird Engine Finance LLC | |||||
Series 2020-1A, Class A (D) | 3.671 | 02-15-45 | 189,808 | 170,928 | |
Taco Bell Funding LLC | |||||
Series 2021-1A, Class A2I (D) | 1.946 | 08-25-51 | 504,735 | 448,955 | |
TIF Funding II LLC | |||||
Series 2021-1A, Class A (D) | 1.650 | 02-20-46 | 221,266 | 195,671 | |
Triton Container Finance VIII LLC | |||||
Series 2020-1A, Class A (D) | 2.110 | 09-20-45 | 556,463 | 507,219 | |
Series 2021-1A, Class A (D) | 1.860 | 03-20-46 | 305,968 | 271,701 | |
Vantage Data Centers LLC | |||||
Series 2020-1A, Class A2 (D) | 1.645 | 09-15-45 | 341,000 | 312,361 | |
Series 2020-2A, Class A2 (D) | 1.992 | 09-15-45 | 239,000 | 212,451 | |
VR Funding LLC | |||||
Series 2020-1A, Class A (D) | 2.790 | 11-15-50 | 382,639 | 354,348 | |
VSE VOI Mortgage LLC | |||||
Series 2017-A, Class A (D) | 2.330 | 03-20-35 | 98,549 | 96,369 | |
Wendy’s Funding LLC | |||||
Series 2021-1A, Class A2I (D) | 2.370 | 06-15-51 | 290,803 | 255,995 | |
Willis Engine Structured Trust V | |||||
Series 2020-A, Class A (D) | 3.228 | 03-15-45 | 107,853 | 95,509 | |
Zaxby’s Funding LLC | |||||
Series 2021-1A, Class A2 (D) | 3.238 | 07-30-51 | 328,350 | 296,004 | |
Shares | Value | ||||
Common stocks 0.2% (0.1% of Total investments) | $294,490 | ||||
(Cost $312,481) | |||||
Utilities 0.2% | 294,490 | ||||
Multi-utilities 0.2% | |||||
Algonquin Power & Utilities Corp. | 6,250 | 294,490 | |||
Preferred securities 0.9% (0.6% of Total investments) | $1,345,246 | ||||
(Cost $1,260,043) | |||||
Communication services 0.1% | 137,820 | ||||
Wireless telecommunication services 0.1% | |||||
Telephone & Data Systems, Inc., 6.625% (B) | 5,825 | 137,820 | |||
Consumer staples 0.4% | 610,156 | ||||
Food products 0.4% | |||||
Ocean Spray Cranberries, Inc., 6.250% (D) | 6,250 | 610,156 | |||
Financials 0.2% | 232,606 | ||||
Banks 0.2% | |||||
Wells Fargo & Company, 7.500% | 192 | 232,606 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 33 |
Shares | Value | ||||
Utilities 0.2% | $364,664 | ||||
Electric utilities 0.1% | |||||
NextEra Energy, Inc., 5.279% | 4,050 | 189,986 | |||
Multi-utilities 0.1% | |||||
DTE Energy Company, 6.250% | 512 | 26,829 | |||
NiSource, Inc., 7.750% | 1,300 | 147,849 | |||
Par value^ | Value | ||||
Escrow certificates 0.0% (0.0% of Total investments) | $202 | ||||
(Cost $0) | |||||
LSC Communications, Inc. (D)(J) | 321,000 | 202 | |||
Short-term investments 5.2% (3.2% of Total investments) | $7,928,000 | ||||
(Cost $7,928,000) | |||||
Repurchase agreement 5.2% | 7,928,000 | ||||
Repurchase Agreement with State Street Corp. dated 4-29-22 at 0.000% to be repurchased at $7,928,000 on 5-2-22, collateralized by $3,714,800 U.S. Treasury Inflation Indexed Bonds, 3.625% due 4-15-28 (valued at $8,086,639) | 7,928,000 | 7,928,000 |
Total investments (Cost $269,282,759) 162.8% | $249,059,223 | ||||
Other assets and liabilities, net (62.8%) | (96,058,951) | ||||
Total net assets 100.0% | $153,000,272 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund unless otherwise indicated. | |
^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) | All or a portion of this security is on loan as of 4-30-22, and is a component of the fund’s leverage under the Liquidity Agreement. |
(B) | All or a portion of this security is pledged as collateral pursuant to the Liquidity Agreement. Total collateral value at 4-30-22 was $111,676,127. A portion of the securities pledged as collateral were loaned pursuant to the Liquidity Agreement. The value of securities on loan amounted to $17,121,239. |
(C) | Security purchased or sold on a when-issued or delayed delivery basis. |
34 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
(D) | 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 $89,603,937 or 58.6% of the fund’s net assets as of 4-30-22. |
(E) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
(F) | Variable rate obligation. The coupon rate shown represents the rate at period end. |
(G) | Term loans are variable rate obligations. The coupon rate shown represents the rate at period end. |
(H) | This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which is disclosed as TBD (To Be Determined). |
(I) | 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. |
(J) | Non-income producing security. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 35 |
Assets | |
Unaffiliated investments, at value (Cost $269,282,759) | $249,059,223 |
Cash | 5,039 |
Dividends and interest receivable | 2,078,940 |
Receivable for investments sold | 138,281 |
Other assets | 29,155 |
Total assets | 251,310,638 |
Liabilities | |
Liquidity agreement | 91,300,000 |
Payable for investments purchased | 493,136 |
Payable for delayed delivery securities purchased | 6,308,267 |
Interest payable | 91,103 |
Payable to affiliates | |
Accounting and legal services fees | 8,797 |
Other liabilities and accrued expenses | 109,063 |
Total liabilities | 98,310,366 |
Net assets | $153,000,272 |
Net assets consist of | |
Paid-in capital | $175,067,709 |
Total distributable earnings (loss) | (22,067,437) |
Net assets | $153,000,272 |
Net asset value per share | |
Based on 11,646,585 shares of beneficial interest outstanding - unlimited number of shares authorized with no par value | $13.14 |
36 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Investment income | |
Interest | $5,131,212 |
Dividends | 56,875 |
Less foreign taxes withheld | (1,515) |
Total investment income | 5,186,572 |
Expenses | |
Investment management fees | 687,030 |
Interest expense | 386,819 |
Accounting and legal services fees | 11,773 |
Transfer agent fees | 30,109 |
Trustees’ fees | 19,490 |
Custodian fees | 15,790 |
Printing and postage | 12,799 |
Professional fees | 36,059 |
Stock exchange listing fees | 11,787 |
Other | 6,694 |
Total expenses | 1,218,350 |
Less expense reductions | (11,708) |
Net expenses | 1,206,642 |
Net investment income | 3,979,930 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments | (1,166,336) |
(1,166,336) | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments | (27,634,343) |
(27,634,343) | |
Net realized and unrealized loss | (28,800,679) |
Decrease in net assets from operations | $(24,820,749) |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 37 |
Six months ended 4-30-22 (unaudited) | Year ended 10-31-21 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $3,979,930 | $8,293,699 |
Net realized gain (loss) | (1,166,336) | 4,274,511 |
Change in net unrealized appreciation (depreciation) | (27,634,343) | (2,899,177) |
Increase (decrease) in net assets resulting from operations | (24,820,749) | 9,669,033 |
Distributions to shareholders | ||
From earnings | (7,340,844) | (10,281,607) |
Total distributions | (7,340,844) | (10,281,607) |
Total decrease | (32,161,593) | (612,574) |
Net assets | ||
Beginning of period | 185,161,865 | 185,774,439 |
End of period | $153,000,272 | $185,161,865 |
Share activity | ||
Shares outstanding | ||
Beginning of period | 11,646,585 | 11,646,585 |
End of period | 11,646,585 | 11,646,585 |
38 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Cash flows from operating activities | |
Net decrease in net assets from operations | $(24,820,749) |
Adjustments to reconcile net decrease in net assets from operations to net cash provided by operating activities: | |
Long-term investments purchased | (81,970,545) |
Long-term investments sold | 78,917,051 |
Net purchases and sales of short-term investments | 6,883,000 |
Net amortization of premium (discount) | 5,175,834 |
(Increase) Decrease in assets: | |
Dividends and interest receivable | 76,658 |
Receivable for investments sold | (42,600) |
Other assets | (10,896) |
Increase (Decrease) in liabilities: | |
Payable for investments purchased | (1,192,454) |
Payable for delayed delivery securities purchased | (4,986,584) |
Interest payable | 37,276 |
Payable to affiliates | (1,674) |
Other liabilities and accrued expenses | (38,436) |
Net change in unrealized (appreciation) depreciation on: | |
Unaffiliated investments | 27,634,343 |
Net realized (gain) loss on: | |
Unaffiliated investments | 1,166,336 |
Net cash provided by operating activities | $6,826,560 |
Cash flows provided by (used in) financing activities | |
Distributions to shareholders | $(7,340,844) |
Net cash used in financing activities | $(7,340,844) |
Net decrease in cash | $(514,284) |
Cash at beginning of period | $519,323 |
Cash at end of period | $5,039 |
Supplemental disclosure of cash flow information: | |
Cash paid for interest | $(349,543) |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 39 |
Period ended | 4-30-221 | 10-31-21 | 10-31-20 | 10-31-19 | 10-31-18 | 10-31-17 |
Per share operating performance | ||||||
Net asset value, beginning of period | $15.90 | $15.95 | $15.57 | $14.22 | $15.57 | $15.49 |
Net investment income2 | 0.34 | 0.71 | 0.65 | 0.60 | 0.66 | 0.75 |
Net realized and unrealized gain (loss) on investments | (2.47) | 0.12 | 0.48 | 1.42 | (1.27) | 0.14 |
Total from investment operations | (2.13) | 0.83 | 1.13 | 2.02 | (0.61) | 0.89 |
Less distributions | ||||||
From net investment income | (0.41) | (0.84) | (0.75) | (0.67) | (0.74) | (0.81) |
From net realized gain | (0.22) | (0.04) | — | — | — | — |
Total distributions | (0.63) | (0.88) | (0.75) | (0.67) | (0.74) | (0.81) |
Net asset value, end of period | $13.14 | $15.90 | $15.95 | $15.57 | $14.22 | $15.57 |
Per share market value, end of period | $12.91 | $15.46 | $15.44 | $14.58 | $13.14 | $14.81 |
Total return at net asset value (%)3,4 | (13.80)5 | 5.36 | 7.78 | 14.84 | (3.76) | 6.28 |
Total return at market value (%)3 | (12.90)5 | 5.83 | 11.42 | 16.37 | (6.50) | 9.82 |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $153 | $185 | $186 | $181 | $166 | $181 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.436 | 1.30 | 1.67 | 2.55 | 2.34 | 1.82 |
Expenses including reductions7 | 1.416 | 1.29 | 1.66 | 2.54 | 2.32 | 1.81 |
Net investment income | 4.666 | 4.42 | 4.15 | 3.99 | 4.44 | 4.87 |
Portfolio turnover (%) | 30 | 60 | 66 | 50 | 68 | 47 |
Senior securities | ||||||
Total debt outstanding end of period (in millions) | $91 | $91 | $91 | $91 | $91 | $91 |
Asset coverage per $1,000 of debt8 | $2,676 | $3,028 | $3,035 | $2,986 | $2,814 | $2,987 |
1 | Six months ended 4-30-22. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total return based on net asset value reflects changes in the fund’s net asset value during each period. Total return based on market value reflects changes in market value. Each figure assumes that distributions from income, capital gains and tax return of capital, if any, were reinvested. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Not annualized. |
6 | Annualized. |
7 | Expenses including reductions excluding interest expense were 0.96% (annualized), 0.94%, 0.95%, 0.98%, 1.01% and 0.99% for the periods ended 4-30-22, 10-30-21, 10-31-20, 10-31-19, 10-31-18 and 10-31-17, respectively. |
8 | Asset coverage equals the total net assets plus borrowings divided by the borrowings of the fund outstanding at period end (Note 7). As debt outstanding changes, the level of invested assets may change accordingly. Asset coverage ratio provides a measure of leverage. |
40 | JOHN HANCOCK Income Securities Trust | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
SEMIANNUAL REPORT | JOHN HANCOCK Income Securities Trust | 41 |
Total value at 4-30-22 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
U.S. Government and Agency obligations | $39,559,857 | — | $39,559,857 | — |
Foreign government obligations | 1,155,592 | — | 1,155,592 | — |
Corporate bonds | 155,212,253 | — | 155,212,253 | — |
Municipal bonds | 850,863 | — | 850,863 | — |
Term loans | 2,335,851 | — | 2,335,851 | — |
Collateralized mortgage obligations | 19,709,055 | — | 19,709,055 | — |
Asset backed securities | 20,667,814 | — | 20,667,814 | — |
Common stocks | 294,490 | $294,490 | — | — |
Preferred securities | 1,345,246 | 735,090 | 610,156 | — |
Escrow certificates | 202 | — | 202 | — |
Short-term investments | 7,928,000 | — | 7,928,000 | — |
Total investments in securities | $249,059,223 | $1,029,580 | $248,029,643 | — |
42 | JOHN HANCOCK Income Securities Trust | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Income Securities Trust | 43 |
44 | JOHN HANCOCK Income Securities Trust | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Income Securities Trust | 45 |
• | the likelihood of greater volatility of NAV and market price of shares; |
• | fluctuations in the interest rate paid for the use of the LA; |
• | increased operating costs, which may reduce the fund’s total return; |
• | the potential for a decline in the value of an investment acquired through leverage, while the fund’s obligations under such leverage remains fixed; and |
• | the fund is more likely to have to sell securities in a volatile market in order to meet asset coverage or other debt compliance requirements. |
46 | JOHN HANCOCK Income Securities Trust | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Income Securities Trust | 47 |
48 | JOHN HANCOCK Income Securities Trust | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Income Securities Trust | 49 |
50 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 51 |
52 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 53 |
Payment Date | Income Distributions |
December 31, 2021 | $0.2276 |
March 31, 2022 | 0.1780 |
Total | $0.4056 |
Payment Date | Additional Distributions |
December 31, 2021 | $0.2247 |
Total | $0.6303 |
Computershare
P.O. Box 505000
Louisville, KY 40233
Computershare
462 South 4th Street, Suite 1600
Louisville, KY 40202
54 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT |
Total votes for the nominee | Total votes withheld from the nominee | |
Independent Trustees | ||
James R. Boyle | 8,994,948.435 | 94,633.729 |
Peter S. Burgess | 8,961,775.211 | 127,806.953 |
William H. Cunningham | 8,947,662.435 | 141,919.729 |
Grace K. Fey | 8,982,865.402 | 106,716.762 |
Deborah C. Jackson | 8,975,428.435 | 114,153.729 |
Hassell H. McClellan | 8,958,951.435 | 130,630.729 |
Steven R. Pruchansky | 8,960,169.435 | 129,412.729 |
Frances G. Rathke | 8,987,481.435 | 102,100.729 |
Gregory A. Russo | 8,975,859.435 | 113,722.729 |
Non-Independent Trustee | ||
Andrew G. Arnott | 8,979,217.435 | 110,364.729 |
Marianne Harrison | 8,982,776.435 | 106,805.729 |
SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 55 |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
James R. Boyle
Peter S. Burgess*
William H. Cunningham*
Grace K. Fey
Marianne Harrison†
Deborah C. Jackson
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
You can also contact us: | ||
800-852-0218 | Regular mail: | Express mail: |
jhinvestments.com | Computershare P.O.Box 505000 Louisville, KY 40233 | Computershare 462 South 4th Street, Suite 1600 Louisville, KY 40202 |
56 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL 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
standards and serve the best interests of our shareholders.
a diverse set of investments backed by some of the world’s best
managers, along with strong risk-adjusted returns across asset classes.
MF2182007 | P6SA 4/22 |
ITEM 2. CODE OF ETHICS.
(a)Not Applicable
(b)Not Applicable
(c)Not Applicable
(d)Not Applicable
(e)Not Applicable
(f)Not Applicable
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Not Applicable.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
(a)Not Applicable
(b)Not Applicable
(c)Not Applicable
(d)Not Applicable
(e)Not Applicable
(f)Not Applicable.
(g)Not Applicable
(h)Not Applicable
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
Not applicable
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.
(a)Not applicable.
|
|
| Total number of | Maximum number of |
| Total number of | Average price per | shares purchased | shares that may yet |
| as part of publicly | be purchased under | ||
Period | shares purchased | share | announced plans* | the plans |
Nov-21 | - | - | - | 1,164,659 |
Dec-21 | - | - | - | 1,164,659 |
Jan-22 | - | - | - | 1,164,659 |
Feb-22 | - | - | - | 1,164,659 |
Mar-22 | - | - | - | 1,164,659 |
Apr-22 | - | - | - | 1,164,659 |
Total | - | - |
|
|
|
|
|
|
|
|
|
|
|
|
*In March 2015, the Board of Trustees approved a share repurchase plan, which has been subsequently reviewed and approved by the Board of Trustees. Under the current share repurchase plan, the Fund may purchase in the open market up to 10% of its outstanding common shares as of December 31, 2021. The current share plan will remain in effect between January 1, 2022 and December 31, 2022.
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.
The Fund did not participate directly in securities lending activities. See Note 7 to financial statements in Item 1.
ITEM 13. EXHIBITS.
(a)(1) Not applicable.
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 Income Securities Trust
By: | /s/ Andrew Arnott |
| ------------------------------ |
| Andrew Arnott |
| President |
Date: | June 22, 2022 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Andrew Arnott | |
| ------------------------------- | |
| Andrew Arnott | |
| President | |
Date: | June | 22, 2022 |
By: | /s/ Charles A. Rizzo | |
| ------------------------------- | |
| Charles A. Rizzo | |
| Chief Financial Officer | |
Date: | June | 22, 2022 |