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- 04651
John Hancock Strategic Series
(Exact name of registrant as specified in charter)
200 Berkeley Street, Boston, Massachusetts 02116 (Address of principal executive offices) (Zip code)
Salvatore Schiavone
Treasurer
200 Berkeley Street
Boston, Massachusetts 02116
(Name and address of agent for service) Registrant's telephone number, including area code: 617-663-4497
Date of fiscal year end: | May 31 |
Date of reporting period: | May 31, 2021 |
ITEM 1. REPORTS TO STOCKHOLDERS
The Registrant prepared two annual reports to shareholders for the period ended May 31, 2021. The first report applies to John Hancock Income Fund, the second report applies to three John Hancock Managed Account Shares Portfolios of the Registrant.
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 1 |
2 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 3 |
4 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT |
COUNTRY COMPOSITION AS OF 5/31/2021 (% of net assets) | |
United States | 61.1 |
Canada | 7.5 |
Indonesia | 2.9 |
United Kingdom | 2.9 |
Brazil | 1.9 |
Luxembourg | 1.9 |
Australia | 1.7 |
Norway | 1.4 |
France | 1.2 |
Singapore | 1.2 |
Other countries | 16.3 |
TOTAL | 100.0 |
ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 5 |
6 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT |
Average annual total returns (%) with maximum sales charge | Cumulative total returns (%) with maximum sales charge | SEC 30-day yield (%) subsidized | SEC 30-day yield (%) unsubsidized† | |||||
1-year | 5-year | 10-year | 5-year | 10-year | as of 5-31-21 | as of 5-31-21 | ||
Class A | 3.78 | 2.90 | 3.15 | 15.36 | 36.39 | 2.01 | 2.00 | |
Class C | 6.41 | 3.02 | 2.86 | 16.04 | 32.57 | 1.40 | 1.39 | |
Class I1 | 8.51 | 4.02 | 3.90 | 21.79 | 46.57 | 2.39 | 2.38 | |
Class R21,2 | 8.07 | 3.65 | 3.53 | 19.61 | 41.54 | 2.03 | 2.02 | |
Class R41 | 8.34 | 3.90 | 3.74 | 21.10 | 44.36 | 2.22 | 2.11 | |
Class R51 | 8.57 | 4.11 | 3.96 | 22.32 | 47.43 | 2.43 | 2.42 | |
Class R61,2 | 8.61 | 4.17 | 4.01 | 22.64 | 48.16 | 2.48 | 2.48 | |
Index†† | -0.40 | 3.25 | 3.29 | 17.34 | 38.24 | — | — |
Class A | Class C | Class I | Class R2 | Class R4 | Class R5 | Class R6 | |
Gross (%) | 0.85 | 1.55 | 0.55 | 0.94 | 0.79 | 0.49 | 0.44 |
Net (%) | 0.84 | 1.54 | 0.54 | 0.93 | 0.68 | 0.48 | 0.43 |
ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 7 |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |
Class C3 | 5-31-11 | 13,257 | 13,257 | 13,824 |
Class I1 | 5-31-11 | 14,657 | 14,657 | 13,824 |
Class R21,2 | 5-31-11 | 14,154 | 14,154 | 13,824 |
Class R41 | 5-31-11 | 14,436 | 14,436 | 13,824 |
Class R51 | 5-31-11 | 14,743 | 14,743 | 13,824 |
Class R61,2 | 5-31-11 | 14,816 | 14,816 | 13,824 |
1 | For certain types of investors, as described in the fund's prospectus. |
2 | Class R6 and Class R2 shares were first offered on 9-1-11 and 3-1-12, respectively. Returns prior to these dates are those of Class A shares that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
3 | The contingent deferred sales charge is not applicable. |
8 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 9 |
Account value on 12-1-2020 | Ending value on 5-31-2021 | Expenses paid during period ended 5-31-20211 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $1,014.90 | $4.02 | 0.80% |
Hypothetical example | 1,000.00 | 1,020.90 | 4.03 | 0.80% | |
Class C | Actual expenses/actual returns | 1,000.00 | 1,011.40 | 7.52 | 1.50% |
Hypothetical example | 1,000.00 | 1,017.50 | 7.54 | 1.50% | |
Class I | Actual expenses/actual returns | 1,000.00 | 1,014.90 | 2.51 | 0.50% |
Hypothetical example | 1,000.00 | 1,022.40 | 2.52 | 0.50% | |
Class R2 | Actual expenses/actual returns | 1,000.00 | 1,014.40 | 4.52 | 0.90% |
Hypothetical example | 1,000.00 | 1,020.40 | 4.53 | 0.90% | |
Class R4 | Actual expenses/actual returns | 1,000.00 | 1,015.70 | 3.27 | 0.65% |
Hypothetical example | 1,000.00 | 1,021.70 | 3.28 | 0.65% | |
Class R5 | Actual expenses/actual returns | 1,000.00 | 1,016.70 | 2.21 | 0.44% |
Hypothetical example | 1,000.00 | 1,022.70 | 2.22 | 0.44% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 1,015.40 | 2.01 | 0.40% |
Hypothetical example | 1,000.00 | 1,022.90 | 2.02 | 0.40% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period). |
10 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government and Agency obligations 6.0% | $128,505,616 | ||||
(Cost $125,683,753) | |||||
U.S. Government 6.0% | 128,505,616 | ||||
U.S. Treasury | |||||
Bond | 2.000 | 02-15-50 | 13,140,000 | 12,303,865 | |
Bond | 2.750 | 11-15-42 | 6,190,000 | 6,748,793 | |
Bond | 3.000 | 02-15-49 | 22,685,000 | 26,039,899 | |
Bond | 4.375 | 02-15-38 | 14,475,000 | 19,414,028 | |
Note | 0.250 | 10-31-25 | 3,000,000 | 2,944,219 | |
Note | 0.375 | 11-30-25 | 6,155,000 | 6,067,003 | |
Note | 1.125 | 02-28-22 | 6,215,000 | 6,265,011 | |
Note | 2.000 | 11-15-26 | 15,250,000 | 16,119,131 | |
Note | 2.375 | 02-29-24 | 15,685,000 | 16,591,789 | |
Note | 2.625 | 02-15-29 | 5,790,000 | 6,320,825 | |
Treasury Inflation Protected Security | 0.125 | 01-15-30 | 8,810,637 | 9,691,053 | |
Foreign government obligations 20.9% | $446,931,079 | ||||
(Cost $436,186,973) | |||||
Australia 1.3% | 27,120,549 | ||||
Commonwealth of Australia | 0.250 | 11-21-24 | AUD | 16,225,000 | 12,497,795 |
Commonwealth of Australia | 0.500 | 09-21-26 | AUD | 3,560,000 | 2,701,206 |
New South Wales Treasury Corp. | 1.000 | 02-08-24 | AUD | 15,155,000 | 11,921,548 |
Austria 0.2% | 4,419,612 | ||||
Republic of Austria (A) | 0.500 | 02-20-29 | EUR | 3,450,000 | 4,419,612 |
Brazil 1.1% | 22,602,555 | ||||
Federative Republic of Brazil | 10.000 | 01-01-23 | BRL | 34,285,000 | 7,148,533 |
Federative Republic of Brazil | 10.000 | 01-01-25 | BRL | 59,155,000 | 12,527,581 |
Federative Republic of Brazil | 10.000 | 01-01-27 | BRL | 13,815,000 | 2,926,441 |
Canada 4.3% | 90,810,163 | ||||
Canada Housing Trust No. 1 (A) | 1.950 | 12-15-25 | CAD | 4,850,000 | 4,172,995 |
Export Development Canada | 2.400 | 06-07-21 | AUD | 3,560,000 | 2,745,442 |
Government of Canada | 0.750 | 05-19-26 | 4,115,000 | 4,096,721 | |
Government of Canada | 2.250 | 03-01-24 | CAD | 23,115,000 | 20,070,949 |
Province of Alberta | 3.400 | 12-01-23 | CAD | 9,000,000 | 7,966,905 |
Province of British Columbia | 2.850 | 06-18-25 | CAD | 3,408,000 | 3,031,499 |
Province of Ontario | 1.350 | 12-02-30 | CAD | 37,050,000 | 28,715,935 |
Province of Ontario | 2.900 | 06-02-28 | CAD | 4,350,000 | 3,891,216 |
Province of Ontario | 3.450 | 06-02-45 | CAD | 3,895,000 | 3,608,981 |
Province of Quebec | 0.200 | 04-07-25 | EUR | 3,630,000 | 4,517,481 |
Province of Quebec | 1.500 | 12-15-23 | GBP | 2,037,000 | 2,975,191 |
Province of Quebec | 3.750 | 09-01-24 | CAD | 5,530,000 | 5,016,848 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 11 |
Rate (%) | Maturity date | Par value^ | Value | ||
China 0.7% | $15,766,950 | ||||
People's Republic of China | 1.990 | 04-09-25 | CNY | 34,810,000 | 5,284,184 |
People's Republic of China | 2.880 | 11-05-23 | CNY | 66,520,000 | 10,482,766 |
Colombia 0.9% | 18,867,340 | ||||
Republic of Colombia | 3.250 | 04-22-32 | 4,315,000 | 4,163,544 | |
Republic of Colombia | 6.250 | 11-26-25 | COP | 17,345,000,000 | 4,817,795 |
Republic of Colombia | 7.500 | 08-26-26 | COP | 17,735,000,000 | 5,125,516 |
Republic of Colombia | 10.000 | 07-24-24 | COP | 15,303,500,000 | 4,760,485 |
Finland 0.2% | 4,084,208 | ||||
Republic of Finland (A) | 0.500 | 09-15-28 | EUR | 3,180,000 | 4,084,208 |
India 0.1% | 1,024,097 | ||||
Republic of India | 7.270 | 04-08-26 | INR | 69,990,000 | 1,024,097 |
Indonesia 2.6% | 56,521,535 | ||||
Republic of Indonesia | 1.100 | 03-12-33 | EUR | 1,191,000 | 1,415,303 |
Republic of Indonesia (A) | 2.150 | 07-18-24 | EUR | 3,335,000 | 4,305,788 |
Republic of Indonesia | 3.850 | 10-15-30 | 1,650,000 | 1,832,705 | |
Republic of Indonesia (A) | 5.875 | 01-15-24 | 1,450,000 | 1,642,164 | |
Republic of Indonesia | 6.125 | 05-15-28 | IDR | 83,348,000,000 | 5,817,527 |
Republic of Indonesia | 6.500 | 06-15-25 | IDR | 182,145,000,000 | 13,249,897 |
Republic of Indonesia | 6.625 | 05-15-33 | IDR | 30,647,000,000 | 2,135,353 |
Republic of Indonesia | 7.000 | 09-15-30 | IDR | 100,451,000,000 | 7,276,987 |
Republic of Indonesia | 7.500 | 06-15-35 | IDR | 19,373,000,000 | 1,403,916 |
Republic of Indonesia | 7.500 | 05-15-38 | IDR | 15,237,000,000 | 1,100,244 |
Republic of Indonesia | 8.125 | 05-15-24 | IDR | 33,251,000,000 | 2,526,574 |
Republic of Indonesia | 8.250 | 05-15-29 | IDR | 5,604,000,000 | 437,101 |
Republic of Indonesia | 8.375 | 03-15-24 | IDR | 44,433,000,000 | 3,383,292 |
Republic of Indonesia | 8.375 | 09-15-26 | IDR | 49,203,000,000 | 3,870,284 |
Republic of Indonesia | 8.750 | 05-15-31 | IDR | 48,811,000,000 | 3,942,112 |
Republic of Indonesia | 9.000 | 03-15-29 | IDR | 26,967,000,000 | 2,182,288 |
Ireland 0.8% | 16,596,778 | ||||
Republic of Ireland | 3.400 | 03-18-24 | EUR | 10,463,000 | 14,170,999 |
Republic of Ireland | 3.900 | 03-20-23 | EUR | 1,840,000 | 2,425,779 |
Israel 0.2% | 4,601,615 | ||||
State of Israel | 2.500 | 01-15-30 | 1,985,000 | 2,059,862 | |
State of Israel | 2.750 | 07-03-30 | 2,405,000 | 2,541,753 | |
Italy 0.5% | 11,072,070 | ||||
Republic of Italy | 1.250 | 02-17-26 | 3,387,000 | 3,342,856 | |
Republic of Italy (A) | 1.850 | 07-01-25 | EUR | 5,900,000 | 7,729,214 |
Japan 0.8% | 17,813,110 | ||||
Government of Japan | 0.100 | 12-20-23 | JPY | 1,945,000,000 | 17,813,110 |
12 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Malaysia 1.0% | $22,157,643 | ||||
Government of Malaysia | 3.733 | 06-15-28 | MYR | 11,880,000 | 3,005,278 |
Government of Malaysia | 3.828 | 07-05-34 | MYR | 7,300,000 | 1,763,844 |
Government of Malaysia | 3.844 | 04-15-33 | MYR | 14,961,000 | 3,659,763 |
Government of Malaysia | 3.882 | 03-14-25 | MYR | 9,635,000 | 2,448,132 |
Government of Malaysia | 3.899 | 11-16-27 | MYR | 16,709,000 | 4,288,718 |
Government of Malaysia | 4.059 | 09-30-24 | MYR | 15,500,000 | 3,949,916 |
Government of Malaysia | 4.160 | 07-15-21 | MYR | 12,538,000 | 3,041,992 |
Mexico 0.9% | 18,030,468 | ||||
Government of Mexico | 7.500 | 06-03-27 | MXN | 202,360,000 | 10,749,727 |
Government of Mexico | 7.750 | 05-29-31 | MXN | 134,460,000 | 7,280,741 |
New Zealand 0.5% | 9,634,723 | ||||
Dominion of New Zealand | 5.500 | 04-15-23 | NZD | 12,130,000 | 9,634,723 |
Norway 0.9% | 19,513,477 | ||||
Kingdom of Norway (A) | 1.375 | 08-19-30 | NOK | 31,485,000 | 3,736,832 |
Kingdom of Norway (A) | 2.000 | 05-24-23 | NOK | 128,245,000 | 15,776,645 |
Philippines 0.6% | 11,843,719 | ||||
Republic of the Philippines | 0.875 | 05-17-27 | EUR | 5,500,000 | 6,807,790 |
Republic of the Philippines | 6.250 | 01-14-36 | PHP | 202,000,000 | 5,035,929 |
Portugal 0.4% | 8,894,495 | ||||
Republic of Portugal (A) | 0.700 | 10-15-27 | EUR | 3,290,000 | 4,205,396 |
Republic of Portugal (A) | 5.125 | 10-15-24 | 4,110,000 | 4,689,099 | |
Qatar 0.3% | 7,252,493 | ||||
State of Qatar (A) | 4.000 | 03-14-29 | 3,245,000 | 3,732,023 | |
State of Qatar (A) | 4.817 | 03-14-49 | 2,795,000 | 3,520,470 | |
Singapore 1.0% | 21,905,433 | ||||
Republic of Singapore | 2.375 | 06-01-25 | SGD | 21,100,000 | 17,018,624 |
Republic of Singapore | 3.375 | 09-01-33 | SGD | 5,470,000 | 4,886,809 |
Spain 0.4% | 9,094,123 | ||||
Kingdom of Spain (A) | 0.250 | 07-30-24 | EUR | 3,615,000 | 4,500,768 |
Kingdom of Spain (A) | 0.800 | 07-30-27 | EUR | 3,585,000 | 4,593,355 |
Sweden 0.3% | 7,052,544 | ||||
Kingdom of Sweden (A) | 0.125 | 04-24-23 | EUR | 5,710,000 | 7,052,544 |
United Arab Emirates 0.4% | 8,845,748 | ||||
Government of Abu Dhabi (A) | 1.700 | 03-02-31 | 3,980,000 | 3,825,775 | |
Government of Abu Dhabi (A) | 3.125 | 04-16-30 | 2,940,000 | 3,195,780 | |
Government of Abu Dhabi (A) | 3.875 | 04-16-50 | 1,625,000 | 1,824,193 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 13 |
Rate (%) | Maturity date | Par value^ | Value | ||
United Kingdom 0.5% | $11,405,631 | ||||
Government of United Kingdom | 0.500 | 07-22-22 | GBP | 2,525,000 | 3,602,306 |
Government of United Kingdom | 3.750 | 09-07-21 | GBP | 5,445,000 | 7,803,325 |
Corporate bonds 59.8% | $1,281,053,417 | ||||
(Cost $1,248,098,582) | |||||
Communication services 10.0% | 214,290,741 | ||||
Diversified telecommunication services 0.5% | |||||
Cellnex Telecom SA | 1.875 | 06-26-29 | EUR | 1,400,000 | 1,723,590 |
GCI LLC (A) | 4.750 | 10-15-28 | 5,445,000 | 5,553,900 | |
Kenbourne Invest SA (A) | 4.700 | 01-22-28 | 1,630,000 | 1,642,225 | |
Level 3 Financing, Inc. (A) | 4.625 | 09-15-27 | 740,000 | 760,102 | |
Radiate Holdco LLC (A) | 6.500 | 09-15-28 | 1,525,000 | 1,566,938 | |
Entertainment 0.7% | |||||
Lions Gate Capital Holdings LLC (A) | 5.500 | 04-15-29 | 4,520,000 | 4,681,545 | |
Netflix, Inc. (A) | 3.625 | 06-15-25 | 3,495,000 | 3,744,019 | |
Netflix, Inc. | 4.375 | 11-15-26 | 2,985,000 | 3,366,453 | |
Netflix, Inc. | 4.875 | 04-15-28 | 3,455,000 | 3,974,632 | |
Interactive media and services 0.3% | |||||
ANGI Group LLC (A) | 3.875 | 08-15-28 | 2,820,000 | 2,770,650 | |
Match Group Holdings II LLC (A) | 4.125 | 08-01-30 | 2,690,000 | 2,675,609 | |
Media 5.8% | |||||
Altice Financing SA (A) | 5.000 | 01-15-28 | 4,640,000 | 4,604,597 | |
Altice France SA (A) | 7.375 | 05-01-26 | 908,000 | 944,247 | |
Cable One, Inc. (A) | 4.000 | 11-15-30 | 1,490,000 | 1,471,375 | |
CCO Holdings LLC (A) | 4.250 | 02-01-31 | 755,000 | 753,490 | |
CCO Holdings LLC (A) | 4.500 | 08-15-30 | 4,915,000 | 5,008,532 | |
CCO Holdings LLC (A) | 4.500 | 06-01-33 | 2,340,000 | 2,334,829 | |
CCO Holdings LLC (A) | 4.750 | 03-01-30 | 6,615,000 | 6,860,499 | |
CCO Holdings LLC (A) | 5.125 | 05-01-27 | 7,910,000 | 8,265,950 | |
Charter Communications Operating LLC | 2.800 | 04-01-31 | 2,985,000 | 2,979,031 | |
Charter Communications Operating LLC | 5.125 | 07-01-49 | 9,195,000 | 10,475,478 | |
Charter Communications Operating LLC | 5.750 | 04-01-48 | 5,180,000 | 6,330,087 | |
Charter Communications Operating LLC | 6.484 | 10-23-45 | 5,105,000 | 6,717,622 | |
CSC Holdings LLC (A) | 3.375 | 02-15-31 | 11,935,000 | 11,129,388 | |
CSC Holdings LLC (A) | 5.750 | 01-15-30 | 8,171,000 | 8,528,890 | |
CSC Holdings LLC (A) | 6.500 | 02-01-29 | 320,000 | 350,067 | |
CSC Holdings LLC (A) | 7.500 | 04-01-28 | 3,658,000 | 4,005,510 | |
DISH DBS Corp. | 5.875 | 07-15-22 | 5,975,000 | 6,214,000 | |
LCPR Senior Secured Financing DAC (A) | 5.125 | 07-15-29 | 3,535,000 | 3,627,193 |
14 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Communication services (continued) | |||||
Media (continued) | |||||
News Corp. (A) | 3.875 | 05-15-29 | 7,765,000 | $7,832,944 | |
Sirius XM Radio, Inc. (A) | 4.125 | 07-01-30 | 445,000 | 446,113 | |
Sirius XM Radio, Inc. (A) | 5.000 | 08-01-27 | 8,390,000 | 8,767,550 | |
Townsquare Media, Inc. (A) | 6.875 | 02-01-26 | 1,745,000 | 1,843,156 | |
Virgin Media Secured Finance PLC (A) | 4.500 | 08-15-30 | 2,250,000 | 2,244,375 | |
Virgin Media Secured Finance PLC (A) | 5.500 | 05-15-29 | 4,267,000 | 4,560,356 | |
VTR Comunicaciones SpA (A) | 4.375 | 04-15-29 | 2,025,000 | 2,009,813 | |
VTR Comunicaciones SpA (A) | 5.125 | 01-15-28 | 2,147,000 | 2,222,145 | |
VTR Finance NV (A) | 6.375 | 07-15-28 | 1,650,000 | 1,740,750 | |
WMG Acquisition Corp. (A) | 3.000 | 02-15-31 | 1,545,000 | 1,458,094 | |
Wireless telecommunication services 2.7% | |||||
Sprint Capital Corp. | 8.750 | 03-15-32 | 1,762,000 | 2,612,165 | |
Sprint Corp. | 7.125 | 06-15-24 | 735,000 | 847,088 | |
T-Mobile USA, Inc. | 2.250 | 11-15-31 | 12,415,000 | 11,911,448 | |
T-Mobile USA, Inc. | 2.625 | 04-15-26 | 1,070,000 | 1,089,035 | |
T-Mobile USA, Inc. | 2.625 | 02-15-29 | 1,965,000 | 1,886,400 | |
T-Mobile USA, Inc. | 2.875 | 02-15-31 | 1,815,000 | 1,750,277 | |
T-Mobile USA, Inc. | 3.375 | 04-15-29 | 2,160,000 | 2,198,038 | |
T-Mobile USA, Inc. | 3.500 | 04-15-31 | 3,600,000 | 3,661,020 | |
T-Mobile USA, Inc. | 3.750 | 04-15-27 | 2,500,000 | 2,748,275 | |
T-Mobile USA, Inc. | 3.875 | 04-15-30 | 3,025,000 | 3,315,582 | |
T-Mobile USA, Inc. | 4.500 | 02-01-26 | 6,285,000 | 6,440,428 | |
T-Mobile USA, Inc. | 4.750 | 02-01-28 | 740,000 | 790,956 | |
VMED O2 UK Financing I PLC (A) | 3.250 | 01-31-31 | EUR | 3,235,000 | 3,974,051 |
VMED O2 UK Financing I PLC (A) | 4.250 | 01-31-31 | 15,365,000 | 14,880,234 | |
Consumer discretionary 5.8% | 123,897,281 | ||||
Automobiles 1.0% | |||||
BMW Finance NV | 1.000 | 11-14-24 | EUR | 1,495,000 | 1,893,235 |
Ford Motor Company | 7.450 | 07-16-31 | 745,000 | 940,563 | |
Ford Motor Credit Company LLC | 2.748 | 06-14-24 | GBP | 1,490,000 | 2,126,286 |
Ford Motor Credit Company LLC | 2.900 | 02-16-28 | 1,605,000 | 1,562,869 | |
Ford Motor Credit Company LLC | 2.979 | 08-03-22 | 1,650,000 | 1,674,255 | |
Ford Motor Credit Company LLC | 3.087 | 01-09-23 | 1,110,000 | 1,130,813 | |
Ford Motor Credit Company LLC | 3.350 | 11-01-22 | 2,280,000 | 2,331,300 | |
Ford Motor Credit Company LLC | 3.370 | 11-17-23 | 2,970,000 | 3,064,431 | |
Ford Motor Credit Company LLC | 3.813 | 10-12-21 | 1,400,000 | 1,414,456 | |
Ford Motor Credit Company LLC | 4.000 | 11-13-30 | 1,145,000 | 1,167,831 | |
Ford Motor Credit Company LLC | 4.125 | 08-17-27 | 740,000 | 773,300 | |
Ford Motor Credit Company LLC | 4.250 | 09-20-22 | 1,245,000 | 1,284,716 | |
Ford Motor Credit Company LLC | 4.542 | 08-01-26 | 2,085,000 | 2,245,357 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 15 |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary (continued) | |||||
Hotels, restaurants and leisure 3.8% | |||||
Aramark Services, Inc. (A) | 6.375 | 05-01-25 | 715,000 | $759,688 | |
Carnival Corp. (A) | 5.750 | 03-01-27 | 3,819,000 | 4,057,688 | |
Expedia Group, Inc. | 5.000 | 02-15-26 | 1,319,000 | 1,502,714 | |
Hilton Domestic Operating Company, Inc. (A) | 3.625 | 02-15-32 | 2,185,000 | 2,138,186 | |
Hilton Domestic Operating Company, Inc. | 4.875 | 01-15-30 | 1,300,000 | 1,383,330 | |
Hilton Domestic Operating Company, Inc. (A) | 5.375 | 05-01-25 | 1,715,000 | 1,805,483 | |
Hilton Grand Vacations Borrower Escrow LLC (A) | 5.000 | 06-01-29 | 2,745,000 | 2,772,450 | |
Hyatt Hotels Corp. | 5.750 | 04-23-30 | 3,416,000 | 4,062,671 | |
International Game Technology PLC (A) | 6.500 | 02-15-25 | 6,815,000 | 7,550,134 | |
KFC Holding Company/Pizza Hut Holdings LLC/Taco Bell of America LLC (A) | 5.250 | 06-01-26 | 3,526,000 | 3,618,558 | |
Life Time, Inc. (A) | 5.750 | 01-15-26 | 5,495,000 | 5,665,002 | |
MGM Resorts International | 4.750 | 10-15-28 | 470,000 | 495,850 | |
New Red Finance, Inc. (A) | 3.500 | 02-15-29 | 1,995,000 | 1,952,606 | |
New Red Finance, Inc. (A) | 3.875 | 01-15-28 | 2,471,000 | 2,480,266 | |
New Red Finance, Inc. (A) | 4.000 | 10-15-30 | 11,234,000 | 10,882,938 | |
Royal Caribbean Cruises, Ltd. (A) | 5.500 | 04-01-28 | 5,123,000 | 5,391,958 | |
Travel + Leisure Company (A) | 6.625 | 07-31-26 | 5,665,000 | 6,486,538 | |
Yum! Brands, Inc. | 3.625 | 03-15-31 | 9,300,000 | 9,183,750 | |
Yum! Brands, Inc. | 4.625 | 01-31-32 | 4,030,000 | 4,211,471 | |
Yum! Brands, Inc. (A) | 4.750 | 01-15-30 | 4,630,000 | 4,951,878 | |
Household durables 0.2% | |||||
Lennar Corp. | 4.750 | 11-29-27 | 2,570,000 | 2,972,064 | |
Newell Brands, Inc. | 4.700 | 04-01-26 | 730,000 | 820,338 | |
Internet and direct marketing retail 0.2% | |||||
MercadoLibre, Inc. | 2.375 | 01-14-26 | 1,125,000 | 1,124,859 | |
MercadoLibre, Inc. | 3.125 | 01-14-31 | 3,665,000 | 3,563,699 | |
Specialty retail 0.6% | |||||
Magic Mergeco, Inc. (A) | 5.250 | 05-01-28 | 12,300,000 | 12,453,750 | |
Consumer staples 3.2% | 69,280,705 | ||||
Food and staples retailing 0.0% | |||||
Albertsons Companies, Inc. (A) | 4.875 | 02-15-30 | 375,000 | 390,825 | |
Food products 2.9% | |||||
JBS USA Food Company (A) | 7.000 | 01-15-26 | 1,490,000 | 1,589,085 | |
Kraft Heinz Foods Company | 3.000 | 06-01-26 | 2,718,000 | 2,869,838 | |
Kraft Heinz Foods Company | 3.750 | 04-01-30 | 5,480,000 | 5,862,767 | |
Kraft Heinz Foods Company | 3.875 | 05-15-27 | 445,000 | 487,112 |
16 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer staples (continued) | |||||
Food products (continued) | |||||
Kraft Heinz Foods Company | 4.250 | 03-01-31 | 6,490,000 | $7,216,536 | |
Kraft Heinz Foods Company | 4.375 | 06-01-46 | 1,180,000 | 1,265,371 | |
Kraft Heinz Foods Company | 4.625 | 10-01-39 | 4,960,000 | 5,544,680 | |
Kraft Heinz Foods Company | 6.875 | 01-26-39 | 5,560,000 | 7,631,994 | |
Kraft Heinz Foods Company (A) | 7.125 | 08-01-39 | 750,000 | 1,059,796 | |
Lamb Weston Holdings, Inc. (A) | 4.875 | 05-15-28 | 145,000 | 159,319 | |
MARB BondCo PLC (A) | 3.950 | 01-29-31 | 4,115,000 | 3,955,585 | |
NBM US Holdings, Inc. (A) | 7.000 | 05-14-26 | 1,158,000 | 1,250,640 | |
Post Holdings, Inc. (A) | 4.500 | 09-15-31 | 6,580,000 | 6,505,975 | |
Post Holdings, Inc. (A) | 4.625 | 04-15-30 | 6,845,000 | 6,884,085 | |
Post Holdings, Inc. (A) | 5.500 | 12-15-29 | 1,050,000 | 1,121,479 | |
Post Holdings, Inc. (A) | 5.625 | 01-15-28 | 5,270,000 | 5,567,492 | |
Post Holdings, Inc. (A) | 5.750 | 03-01-27 | 3,850,000 | 4,023,828 | |
Personal products 0.3% | |||||
Natura Cosmeticos SA (A) | 4.125 | 05-03-28 | 3,645,000 | 3,737,948 | |
Oriflame Investment Holding PLC (A)(B) | 5.125 | 05-04-26 | 2,135,000 | 2,156,350 | |
Energy 7.0% | 150,140,889 | ||||
Oil, gas and consumable fuels 7.0% | |||||
Aker BP ASA (A) | 3.750 | 01-15-30 | 3,615,000 | 3,818,601 | |
Antero Resources Corp. (A) | 5.375 | 03-01-30 | 3,730,000 | 3,744,230 | |
Cenovus Energy, Inc. | 3.500 | 02-07-28 | CAD | 2,280,000 | 1,971,043 |
Cenovus Energy, Inc. | 4.250 | 04-15-27 | 1,439,000 | 1,595,469 | |
Cenovus Energy, Inc. | 5.250 | 06-15-37 | 886,000 | 1,014,907 | |
Cenovus Energy, Inc. | 5.375 | 07-15-25 | 2,666,000 | 3,042,339 | |
Cenovus Energy, Inc. | 5.400 | 06-15-47 | 3,483,000 | 4,088,590 | |
Cenovus Energy, Inc. | 6.750 | 11-15-39 | 8,445,000 | 11,116,220 | |
Cheniere Energy Partners LP (A) | 4.000 | 03-01-31 | 4,824,000 | 4,979,333 | |
Cheniere Energy Partners LP | 4.500 | 10-01-29 | 360,000 | 380,700 | |
Continental Resources, Inc. (A) | 5.750 | 01-15-31 | 10,060,000 | 11,805,712 | |
Enbridge, Inc. (B) | 3.125 | 11-15-29 | 5,030,000 | 5,309,587 | |
Enbridge, Inc. | 4.250 | 12-01-26 | 3,717,000 | 4,186,216 | |
Enterprise Products Operating LLC | 3.125 | 07-31-29 | 6,165,000 | 6,560,031 | |
EQM Midstream Partners LP (A) | 4.750 | 01-15-31 | 2,880,000 | 2,898,000 | |
EQT Corp. (A) | 3.125 | 05-15-26 | 890,000 | 907,555 | |
EQT Corp. (A) | 3.625 | 05-15-31 | 2,213,000 | 2,279,246 | |
EQT Corp. | 3.900 | 10-01-27 | 1,464,000 | 1,563,406 | |
Kinder Morgan, Inc. (B) | 2.000 | 02-15-31 | 3,385,000 | 3,198,945 | |
Medco Bell Pte, Ltd. (A) | 6.375 | 01-30-27 | 760,000 | 782,040 | |
Medco Oak Tree Pte, Ltd. (A) | 7.375 | 05-14-26 | 2,275,000 | 2,479,750 | |
Occidental Petroleum Corp. | 3.200 | 08-15-26 | 698,000 | 672,698 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 17 |
Rate (%) | Maturity date | Par value^ | Value | ||
Energy (continued) | |||||
Oil, gas and consumable fuels (continued) | |||||
Occidental Petroleum Corp. | 3.400 | 04-15-26 | 1,080,000 | $1,053,000 | |
Occidental Petroleum Corp. | 6.125 | 01-01-31 | 3,520,000 | 3,904,208 | |
Occidental Petroleum Corp. | 6.625 | 09-01-30 | 3,114,000 | 3,568,395 | |
Occidental Petroleum Corp. | 7.500 | 05-01-31 | 1,545,000 | 1,837,638 | |
Ovintiv, Inc. | 6.500 | 08-15-34 | 3,400,000 | 4,495,447 | |
Ovintiv, Inc. | 6.500 | 02-01-38 | 730,000 | 955,668 | |
Pertamina Persero PT (A)(B) | 3.100 | 01-21-30 | 1,000,000 | 1,024,458 | |
Pertamina Persero PT (A)(B) | 3.650 | 07-30-29 | 1,085,000 | 1,150,100 | |
Petrobras Global Finance BV | 5.093 | 01-15-30 | 4,048,000 | 4,335,408 | |
Petrobras Global Finance BV | 5.750 | 02-01-29 | 910,000 | 1,025,570 | |
Petrobras Global Finance BV | 6.900 | 03-19-49 | 5,630,000 | 6,564,580 | |
Saudi Arabian Oil Company (A) | 2.250 | 11-24-30 | 1,780,000 | 1,741,697 | |
Saudi Arabian Oil Company (A) | 3.500 | 04-16-29 | 3,655,000 | 3,951,023 | |
Saudi Arabian Oil Company (A) | 4.250 | 04-16-39 | 3,820,000 | 4,236,363 | |
Saudi Arabian Oil Company (A) | 4.375 | 04-16-49 | 2,930,000 | 3,255,757 | |
Southwestern Energy Company | 6.450 | 01-23-25 | 550,000 | 602,371 | |
Targa Resources Partners LP (A) | 4.000 | 01-15-32 | 2,375,000 | 2,355,026 | |
Targa Resources Partners LP | 5.500 | 03-01-30 | 445,000 | 480,778 | |
TC PipeLines LP | 3.900 | 05-25-27 | 1,150,000 | 1,267,513 | |
The Williams Companies, Inc. | 3.500 | 11-15-30 | 575,000 | 616,222 | |
The Williams Companies, Inc. | 3.750 | 06-15-27 | 8,600,000 | 9,538,774 | |
TransCanada PipeLines, Ltd. | 4.100 | 04-15-30 | 6,900,000 | 7,829,935 | |
Transcontinental Gas Pipe Line Company LLC | 3.250 | 05-15-30 | 585,000 | 621,234 | |
Valero Energy Corp. | 3.400 | 09-15-26 | 1,745,000 | 1,880,973 | |
Western Midstream Operating LP | 5.300 | 02-01-30 | 3,133,000 | 3,454,133 | |
Financials 10.7% | 228,850,322 | ||||
Banks 6.3% | |||||
Banco Actinver SA (A) | 4.800 | 12-18-32 | 775,000 | 620,242 | |
Banco Actinver SA (A) | 9.500 | 12-18-32 | MXN | 44,200,000 | 1,619,942 |
Banco Santander SA (4.750% to 11-12-26, then 5 Year CMT + 3.753%) (C) | 4.750 | 11-12-26 | 3,600,000 | 3,609,000 | |
Bank of America Corp. (2.592% to 4-29-30, then SOFR + 2.150%) | 2.592 | 04-29-31 | 3,335,000 | 3,394,854 | |
Bank of Montreal (3 month CDOR + 0.190%) (D) | 0.625 | 02-01-23 | CAD | 5,825,000 | 4,845,013 |
BNG Bank NV | 0.250 | 06-07-24 | EUR | 1,950,000 | 2,429,048 |
BNP Paribas SA (4.500% to 2-25-30, then 5 Year CMT + 2.944%) (A)(C) | 4.500 | 02-25-30 | 3,665,000 | 3,643,377 |
18 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Banks (continued) | |||||
BNP Paribas SA (4.625% to 2-25-31, then 5 Year CMT + 3.340%) (A)(B)(C) | 4.625 | 02-25-31 | 6,570,000 | $6,701,400 | |
Credit Agricole SA (6.875% to 9-23-24, then 5 Year U.S. Swap Rate + 4.319%) (A)(C) | 6.875 | 09-23-24 | 754,000 | 842,128 | |
Credit Agricole SA (7.875% to 1-23-24, then 5 Year U.S. Swap Rate + 4.898%) (A)(C) | 7.875 | 01-23-24 | 3,440,000 | 3,882,900 | |
European Investment Bank (SONIA + 0.350%) (D) | 0.399 | 06-29-23 | GBP | 2,080,000 | 2,966,828 |
European Investment Bank | 1.500 | 05-12-22 | NOK | 36,770,000 | 4,441,113 |
First Horizon Bank | 5.750 | 05-01-30 | 3,049,000 | 3,730,152 | |
ING Groep NV (5.750% to 11-16-26, then 5 Year CMT + 4.342%) (C) | 5.750 | 11-16-26 | 3,751,000 | 4,128,426 | |
International Bank for Reconstruction & Development | 0.750 | 12-07-21 | GBP | 1,925,000 | 2,740,141 |
International Bank for Reconstruction & Development | 1.900 | 01-16-25 | CAD | 5,120,000 | 4,389,455 |
International Bank for Reconstruction & Development | 2.500 | 01-24-24 | NZD | 3,951,000 | 2,983,308 |
International Bank for Reconstruction & Development | 4.625 | 10-06-21 | NZD | 2,650,000 | 1,947,935 |
International Bank for Reconstruction & Development | 6.750 | 02-04-24 | BRL | 3,200,000 | 618,326 |
Intesa Sanpaolo SpA (A) | 4.198 | 06-01-32 | 3,444,000 | 3,487,534 | |
Intesa Sanpaolo SpA (7.700% to 9-17-25, then 5 Year U.S. Swap Rate + 5.462%) (A)(C) | 7.700 | 09-17-25 | 953,000 | 1,086,420 | |
JPMorgan Chase & Co. | 2.750 | 08-24-22 | EUR | 2,195,000 | 2,780,032 |
KfW, Zero Coupon | 0.000 | 09-15-23 | EUR | 1,675,000 | 2,069,701 |
KfW | 0.375 | 03-15-23 | EUR | 2,525,000 | 3,133,796 |
KfW | 1.250 | 08-28-23 | NOK | 21,200,000 | 2,559,656 |
Lloyds Bank PLC (SONIA + 0.430%) (D) | 0.479 | 09-13-21 | GBP | 3,855,000 | 5,476,700 |
Lloyds Banking Group PLC (7.500% to 9-27-25, then 5 Year U.S. Swap Rate + 4.496%) (C) | 7.500 | 09-27-25 | 4,117,000 | 4,767,980 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 19 |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Banks (continued) | |||||
NatWest Group PLC (6.000% to 12-29-25, then 5 Year CMT + 5.625%) (C) | 6.000 | 12-29-25 | 3,855,000 | $4,277,238 | |
Nordea Eiendomskreditt AS (3 month NIBOR + 0.300%) (D) | 0.720 | 06-21-23 | NOK | 28,000,000 | 3,364,955 |
Nordea Eiendomskreditt AS (3 month NIBOR + 0.340%) (D) | 0.760 | 06-19-24 | NOK | 31,000,000 | 3,733,554 |
Nordic Investment Bank | 1.500 | 01-24-22 | NOK | 19,000,000 | 2,288,493 |
Pacific Western Bank (3.250% to 5-1-26, then SOFR + 2.520%) | 3.250 | 05-01-31 | 1,465,000 | 1,475,652 | |
QNB Finance, Ltd. | 3.500 | 03-28-24 | 1,285,000 | 1,371,645 | |
Societe Generale SA (4.750% to 5-26-26, then 5 Year CMT + 3.931%) (A)(C) | 4.750 | 05-26-26 | 1,655,000 | 1,694,389 | |
Societe Generale SA (6.750% to 4-6-28, then 5 Year U.S. Swap Rate + 3.929%) (A)(C) | 6.750 | 04-06-28 | 1,865,000 | 2,079,941 | |
Societe Generale SA (8.000% to 9-29-25, then 5 Year ICE Swap Rate + 5.873%) (A)(C) | 8.000 | 09-29-25 | 2,275,000 | 2,672,898 | |
U.S. Bancorp | 0.850 | 06-07-24 | EUR | 9,600,000 | 12,026,426 |
U.S. Bancorp | 1.375 | 07-22-30 | 2,090,000 | 1,969,366 | |
UniCredit SpA (5.459% to 6-30-30, then 5 Year CMT + 4.750%) (A) | 5.459 | 06-30-35 | 4,305,000 | 4,655,531 | |
UniCredit SpA (8.000% to 6-3-24, then 5 Year U.S. Swap Rate + 5.180%) (C) | 8.000 | 06-03-24 | 1,541,000 | 1,708,390 | |
Wells Fargo & Company (3 month BBSW + 1.320%) (D) | 1.362 | 07-27-21 | AUD | 4,745,000 | 3,664,293 |
Wells Fargo & Company | 3.250 | 04-27-22 | AUD | 5,040,000 | 3,985,291 |
Capital markets 2.5% | |||||
Credit Suisse Group AG (4.500% to 9-3-30, then 5 Year CMT + 3.554%) (A)(C) | 4.500 | 09-03-30 | 3,345,000 | 3,253,347 | |
Credit Suisse Group AG (5.100% to 1-24-30, then 5 Year CMT + 3.293%) (A)(C) | 5.100 | 01-24-30 | 1,750,000 | 1,771,753 | |
Credit Suisse Group AG (6.375% to 8-21-26, then 5 Year CMT + 4.822%) (A)(C) | 6.375 | 08-21-26 | 3,875,000 | 4,233,438 | |
Deutsche Bank AG (6.000% to 10-30-25, then 5 Year CMT + 4.524%) (C) | 6.000 | 10-30-25 | 6,800,000 | 7,140,000 | |
MSCI, Inc. (A) | 3.625 | 09-01-30 | 8,800,000 | 8,877,000 | |
MSCI, Inc. (A) | 3.625 | 11-01-31 | 3,892,000 | 3,923,486 | |
MSCI, Inc. (A) | 3.875 | 02-15-31 | 4,820,000 | 4,898,325 | |
MSCI, Inc. (A) | 4.000 | 11-15-29 | 3,580,000 | 3,713,069 |
20 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Capital markets (continued) | |||||
The Goldman Sachs Group, Inc. | 1.375 | 05-15-24 | EUR | 2,552,000 | $3,196,277 |
The Goldman Sachs Group, Inc. | 2.000 | 11-01-28 | EUR | 684,000 | 916,689 |
The Goldman Sachs Group, Inc. | 3.375 | 03-27-25 | EUR | 1,551,000 | 2,121,043 |
UBS Group AG (3.875% to 6-2-26, then 5 Year CMT + 3.098%) (A)(C) | 3.875 | 06-02-26 | 2,590,000 | 2,586,633 | |
UBS Group AG (4.375% to 2-10-31, then 5 Year CMT + 3.313%) (A)(C) | 4.375 | 02-10-31 | 4,496,000 | 4,479,140 | |
UBS Group AG (5.125% to 7-29-26, then 5 Year CMT + 4.855%) (C) | 5.125 | 07-29-26 | 2,116,000 | 2,279,990 | |
Consumer finance 0.4% | |||||
Capital One Financial Corp. | 0.800 | 06-12-24 | EUR | 580,000 | 722,013 |
Discover Financial Services | 4.100 | 02-09-27 | 6,040,000 | 6,780,190 | |
Diversified financial services 1.0% | |||||
Berkshire Hathaway Finance Corp. | 2.375 | 06-19-39 | GBP | 2,250,000 | 3,377,932 |
Berkshire Hathaway, Inc., Zero Coupon | 0.000 | 03-12-25 | EUR | 3,780,000 | 4,613,405 |
European Financial Stability Facility | 0.500 | 01-20-23 | EUR | 2,060,000 | 2,558,057 |
Icahn Enterprises LP | 5.250 | 05-15-27 | 440,000 | 451,079 | |
Mexico Remittances Funding Fiduciary Estate Management Sarl (A) | 4.875 | 01-15-28 | 2,875,000 | 2,793,063 | |
Swiss Insured Brazil Power Finance Sarl (A) | 9.850 | 07-16-32 | BRL | 32,908,953 | 6,614,373 |
Insurance 0.5% | |||||
American International Group, Inc. (8.175% to 5-15-38, then 3 month LIBOR + 4.195%) | 8.175 | 05-15-58 | 7,990,000 | 11,686,551 | |
Health care 5.1% | 109,436,157 | ||||
Health care equipment and supplies 0.4% | |||||
Becton Dickinson Euro Finance Sarl | 1.208 | 06-04-26 | EUR | 2,800,000 | 3,566,255 |
Boston Scientific Corp. | 0.625 | 12-01-27 | EUR | 4,250,000 | 5,229,109 |
Health care providers and services 2.8% | |||||
Centene Corp. | 2.500 | 03-01-31 | 4,160,000 | 3,985,280 | |
Centene Corp. | 3.000 | 10-15-30 | 7,975,000 | 7,975,000 | |
Centene Corp. | 3.375 | 02-15-30 | 8,940,000 | 9,029,400 | |
Centene Corp. | 4.625 | 12-15-29 | 1,170,000 | 1,262,933 | |
HCA, Inc. | 3.500 | 09-01-30 | 15,955,000 | 16,396,954 | |
HCA, Inc. | 4.125 | 06-15-29 | 8,880,000 | 9,941,643 | |
HCA, Inc. | 5.375 | 02-01-25 | 8,848,000 | 9,898,700 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 21 |
Rate (%) | Maturity date | Par value^ | Value | ||
Health care (continued) | |||||
Health care providers and services (continued) | |||||
Rede D'or Finance Sarl (A) | 4.500 | 01-22-30 | 2,550,000 | $2,576,801 | |
Life sciences tools and services 0.5% | |||||
Thermo Fisher Scientific, Inc. | 0.500 | 03-01-28 | EUR | 2,130,000 | 2,609,674 |
Thermo Fisher Scientific, Inc. | 0.750 | 09-12-24 | EUR | 1,699,000 | 2,122,979 |
Thermo Fisher Scientific, Inc. | 1.375 | 09-12-28 | EUR | 1,595,000 | 2,064,423 |
Thermo Fisher Scientific, Inc. | 1.400 | 01-23-26 | EUR | 2,566,000 | 3,307,905 |
Pharmaceuticals 1.4% | |||||
Allergan Funding SCS | 1.250 | 06-01-24 | EUR | 1,870,000 | 2,292,038 |
Allergan Funding SCS | 2.625 | 11-15-28 | EUR | 1,145,000 | 1,465,480 |
Bausch Health Companies, Inc. (A) | 5.000 | 01-30-28 | 7,712,000 | 7,230,000 | |
Bausch Health Companies, Inc. (A) | 5.000 | 02-15-29 | 1,375,000 | 1,261,563 | |
Bausch Health Companies, Inc. (A) | 5.250 | 01-30-30 | 8,500,000 | 7,830,625 | |
Bausch Health Companies, Inc. (A) | 5.250 | 02-15-31 | 1,100,000 | 1,006,500 | |
Bausch Health Companies, Inc. (A) | 5.500 | 11-01-25 | 1,385,000 | 1,421,772 | |
Bausch Health Companies, Inc. (A) | 6.250 | 02-15-29 | 4,010,000 | 3,919,775 | |
Bausch Health Companies, Inc. (A) | 9.000 | 12-15-25 | 1,870,000 | 2,002,583 | |
Jazz Securities DAC (A) | 4.375 | 01-15-29 | 1,010,000 | 1,038,765 | |
Industrials 6.3% | 135,741,083 | ||||
Aerospace and defense 1.1% | |||||
Airbus SE | 1.625 | 06-09-30 | EUR | 1,135,000 | 1,491,619 |
DAE Funding LLC (A) | 3.375 | 03-20-28 | 2,895,000 | 2,906,870 | |
Spirit AeroSystems, Inc. (A) | 7.500 | 04-15-25 | 760,000 | 813,200 | |
The Boeing Company | 5.040 | 05-01-27 | 4,165,000 | 4,801,476 | |
The Boeing Company | 5.150 | 05-01-30 | 11,510,000 | 13,473,023 | |
Air freight and logistics 0.2% | |||||
Simpar Europe SA (A) | 5.200 | 01-26-31 | 1,400,000 | 1,415,764 | |
Simpar Finance Sarl (A) | 10.750 | 02-12-28 | BRL | 13,825,000 | 2,448,402 |
Airlines 3.0% | |||||
American Airlines, Inc. (A) | 5.500 | 04-20-26 | 4,460,000 | 4,694,150 | |
American Airlines, Inc. (A) | 5.750 | 04-20-29 | 3,630,000 | 3,894,010 | |
Delta Air Lines 2020-1 Class A Pass Through Trust | 2.500 | 06-10-28 | 1,981,253 | 2,014,052 | |
Delta Air Lines, Inc. | 2.900 | 10-28-24 | 5,360,000 | 5,434,461 | |
Delta Air Lines, Inc. | 4.375 | 04-19-28 | 2,580,000 | 2,713,207 | |
Delta Air Lines, Inc. (A) | 4.500 | 10-20-25 | 1,415,000 | 1,527,847 | |
Delta Air Lines, Inc. (A) | 4.750 | 10-20-28 | 19,028,000 | 20,770,373 |
22 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Airlines (continued) | |||||
Delta Air Lines, Inc. (A) | 7.000 | 05-01-25 | 4,260,000 | $4,953,652 | |
Delta Air Lines, Inc. | 7.375 | 01-15-26 | 2,535,000 | 2,984,843 | |
Mileage Plus Holdings LLC (A) | 6.500 | 06-20-27 | 3,790,000 | 4,160,662 | |
United Airlines 2020-1 Class A Pass Through Trust | 5.875 | 10-15-27 | 4,991,404 | 5,491,493 | |
United Airlines, Inc. (A) | 4.375 | 04-15-26 | 2,170,000 | 2,248,663 | |
United Airlines, Inc. (A) | 4.625 | 04-15-29 | 2,940,000 | 3,037,446 | |
Building products 0.2% | |||||
Builders FirstSource, Inc. (A) | 6.750 | 06-01-27 | 778,000 | 832,460 | |
Johnson Controls International PLC | 0.375 | 09-15-27 | EUR | 1,080,000 | 1,315,111 |
Owens Corning | 3.950 | 08-15-29 | 1,980,000 | 2,209,255 | |
Commercial services and supplies 0.0% | |||||
Prime Security Services Borrower LLC (A) | 3.375 | 08-31-27 | 470,000 | 451,083 | |
Construction and engineering 0.2% | |||||
AECOM | 5.125 | 03-15-27 | 3,078,000 | 3,405,038 | |
Professional services 0.1% | |||||
CoStar Group, Inc. (A) | 2.800 | 07-15-30 | 2,305,000 | 2,295,938 | |
Road and rail 0.5% | |||||
Indian Railway Finance Corp., Ltd. (A) | 3.249 | 02-13-30 | 2,545,000 | 2,548,679 | |
Movida Europe SA (A) | 5.250 | 02-08-31 | 1,085,000 | 1,078,490 | |
Uber Technologies, Inc. (A) | 7.500 | 05-15-25 | 725,000 | 782,638 | |
Uber Technologies, Inc. (A) | 8.000 | 11-01-26 | 5,492,000 | 5,930,207 | |
Trading companies and distributors 0.8% | |||||
United Rentals North America, Inc. | 3.875 | 02-15-31 | 6,810,000 | 6,844,050 | |
United Rentals North America, Inc. | 4.000 | 07-15-30 | 2,620,000 | 2,669,073 | |
United Rentals North America, Inc. | 4.875 | 01-15-28 | 5,175,000 | 5,466,353 | |
United Rentals North America, Inc. | 5.500 | 05-15-27 | 2,925,000 | 3,093,188 | |
Transportation infrastructure 0.2% | |||||
Adani Ports & Special Economic Zone, Ltd. (A) | 4.000 | 07-30-27 | 3,645,000 | 3,840,283 | |
Adani Ports & Special Economic Zone, Ltd. (A) | 4.200 | 08-04-27 | 1,605,000 | 1,704,024 | |
Information technology 2.0% | 42,854,836 | ||||
IT services 0.9% | |||||
Fidelity National Information Services, Inc. | 1.500 | 05-21-27 | EUR | 2,980,000 | 3,847,141 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 23 |
Rate (%) | Maturity date | Par value^ | Value | ||
Information technology (continued) | |||||
IT services (continued) | |||||
Fiserv, Inc. | 1.125 | 07-01-27 | EUR | 1,100,000 | $1,396,906 |
Gartner, Inc. (A) | 3.750 | 10-01-30 | 4,251,000 | 4,267,154 | |
Rackspace Technology Global, Inc. (A) | 3.500 | 02-15-28 | 4,310,000 | 4,150,702 | |
Square, Inc. (A) | 3.500 | 06-01-31 | 1,480,000 | 1,479,911 | |
Twilio, Inc. | 3.625 | 03-15-29 | 2,135,000 | 2,147,511 | |
Twilio, Inc. | 3.875 | 03-15-31 | 2,870,000 | 2,907,224 | |
Semiconductors and semiconductor equipment 0.1% | |||||
SK Hynix, Inc. (A) | 1.500 | 01-19-26 | 2,185,000 | 2,172,432 | |
Software 0.1% | |||||
j2 Global, Inc. (A) | 4.625 | 10-15-30 | 1,485,000 | 1,518,413 | |
Technology hardware, storage and peripherals 0.9% | |||||
Apple, Inc., Zero Coupon | 0.000 | 11-15-25 | EUR | 2,350,000 | 2,881,558 |
Apple, Inc. | 0.875 | 05-24-25 | EUR | 3,215,000 | 4,073,617 |
Atento Luxco 1 SA (A) | 8.000 | 02-10-26 | 1,970,000 | 2,142,455 | |
CDW LLC | 4.125 | 05-01-25 | 1,550,000 | 1,620,510 | |
CDW LLC | 4.250 | 04-01-28 | 2,675,000 | 2,792,031 | |
Dell International LLC (A) | 8.350 | 07-15-46 | 3,112,000 | 4,884,340 | |
Xerox Holdings Corp. (A) | 5.000 | 08-15-25 | 545,000 | 572,931 | |
Materials 5.7% | 122,068,955 | ||||
Chemicals 0.8% | |||||
Braskem Netherlands Finance BV (A) | 4.500 | 01-10-28 | 2,328,000 | 2,450,243 | |
Braskem Netherlands Finance BV (A) | 5.875 | 01-31-50 | 2,675,000 | 2,873,753 | |
CF Industries, Inc. | 5.375 | 03-15-44 | 560,000 | 653,800 | |
Ecolab, Inc. | 1.000 | 01-15-24 | EUR | 2,705,000 | 3,384,865 |
FS Luxembourg Sarl (A) | 10.000 | 12-15-25 | 2,845,000 | 3,129,500 | |
NOVA Chemicals Corp. (A) | 5.250 | 06-01-27 | 445,000 | 476,150 | |
SCIH Salt Holdings, Inc. (A) | 4.875 | 05-01-28 | 4,275,000 | 4,242,938 | |
Construction materials 0.4% | |||||
Cemex SAB de CV (A) | 3.875 | 07-11-31 | 3,470,000 | 3,474,372 | |
St. Mary's Cement, Inc. (A) | 5.750 | 01-28-27 | 3,160,000 | 3,643,480 | |
Standard Industries, Inc. (A) | 3.375 | 01-15-31 | 1,135,000 | 1,076,644 | |
Standard Industries, Inc. (A) | 5.000 | 02-15-27 | 405,000 | 419,240 | |
Containers and packaging 2.8% | |||||
Ardagh Metal Packaging Finance USA LLC (A) | 3.000 | 09-01-29 | EUR | 1,495,000 | 1,819,772 |
Ardagh Metal Packaging Finance USA LLC (A) | 3.250 | 09-01-28 | 4,345,000 | 4,339,569 | |
Ardagh Metal Packaging Finance USA LLC (A) | 4.000 | 09-01-29 | 9,830,000 | 9,682,550 |
24 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Materials (continued) | |||||
Containers and packaging (continued) | |||||
Ardagh Packaging Finance PLC (A) | 4.125 | 08-15-26 | 735,000 | $752,456 | |
Avery Dennison Corp. | 1.250 | 03-03-25 | EUR | 2,100,000 | 2,662,875 |
Ball Corp. | 2.875 | 08-15-30 | 2,240,000 | 2,139,200 | |
Ball Corp. | 4.000 | 11-15-23 | 6,220,000 | 6,600,975 | |
Ball Corp. | 4.875 | 03-15-26 | 5,925,000 | 6,616,033 | |
Ball Corp. | 5.000 | 03-15-22 | 2,070,000 | 2,137,689 | |
Ball Corp. | 5.250 | 07-01-25 | 6,440,000 | 7,285,250 | |
Berry Global, Inc. (A) | 5.625 | 07-15-27 | 3,790,000 | 4,019,712 | |
Crown Americas LLC | 4.250 | 09-30-26 | 400,000 | 428,500 | |
Crown Americas LLC | 4.500 | 01-15-23 | 2,729,000 | 2,868,861 | |
Crown Cork & Seal Company, Inc. | 7.375 | 12-15-26 | 2,858,000 | 3,472,470 | |
Reynolds Group Issuer, Inc. (A) | 4.000 | 10-15-27 | 5,610,000 | 5,511,825 | |
Metals and mining 1.7% | |||||
ArcelorMittal SA | 4.550 | 03-11-26 | 440,000 | 491,350 | |
ArcelorMittal SA | 7.000 | 03-01-41 | 2,220,000 | 3,018,312 | |
ArcelorMittal SA | 7.250 | 10-15-39 | 560,000 | 769,832 | |
Cleveland-Cliffs, Inc. (A)(B) | 4.875 | 03-01-31 | 3,640,000 | 3,721,827 | |
Cleveland-Cliffs, Inc. (A) | 6.750 | 03-15-26 | 1,695,000 | 1,830,549 | |
FMG Resources August 2006 Pty, Ltd. (A) | 4.375 | 04-01-31 | 9,578,000 | 10,007,094 | |
Freeport-McMoRan, Inc. | 4.125 | 03-01-28 | 635,000 | 662,781 | |
Freeport-McMoRan, Inc. | 4.625 | 08-01-30 | 4,475,000 | 4,911,313 | |
Freeport-McMoRan, Inc. | 5.450 | 03-15-43 | 8,690,000 | 10,493,175 | |
Real estate 1.6% | 33,255,071 | ||||
Equity real estate investment trusts 1.6% | |||||
American Tower Corp. | 0.500 | 01-15-28 | EUR | 2,035,000 | 2,449,264 |
American Tower Corp. | 1.950 | 05-22-26 | EUR | 1,450,000 | 1,904,739 |
Crown Castle International Corp. | 2.250 | 01-15-31 | 660,000 | 637,917 | |
CyrusOne LP | 3.450 | 11-15-29 | 5,520,000 | 5,771,276 | |
Host Hotels & Resorts LP | 3.375 | 12-15-29 | 970,000 | 988,716 | |
Host Hotels & Resorts LP | 3.500 | 09-15-30 | 975,000 | 1,000,826 | |
MGM Growth Properties Operating Partnership LP (A) | 4.625 | 06-15-25 | 470,000 | 498,200 | |
SBA Communications Corp. (A) | 3.125 | 02-01-29 | 4,325,000 | 4,152,000 | |
SBA Communications Corp. | 3.875 | 02-15-27 | 10,610,000 | 10,848,725 | |
SBA Communications Corp. | 4.875 | 09-01-24 | 48,000 | 48,990 | |
VICI Properties LP (A) | 4.125 | 08-15-30 | 3,450,000 | 3,503,130 | |
VICI Properties LP (A) | 4.625 | 12-01-29 | 1,395,000 | 1,451,288 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 25 |
Rate (%) | Maturity date | Par value^ | Value | ||
Utilities 2.4% | $51,237,377 | ||||
Electric utilities 1.6% | |||||
EDP Finance BV | 0.375 | 09-16-26 | EUR | 545,000 | 670,124 |
FirstEnergy Corp. | 4.400 | 07-15-27 | 4,060,000 | 4,426,401 | |
FirstEnergy Corp. | 7.375 | 11-15-31 | 7,070,000 | 9,416,392 | |
Israel Electric Corp., Ltd. (A) | 6.875 | 06-21-23 | 1,415,000 | 1,581,017 | |
NRG Energy, Inc. (A) | 3.625 | 02-15-31 | 372,000 | 356,655 | |
NRG Energy, Inc. (A) | 5.250 | 06-15-29 | 2,929,000 | 3,075,450 | |
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara (A) | 5.450 | 05-21-28 | 2,840,000 | 3,294,400 | |
PG&E Corp. | 5.250 | 07-01-30 | 8,010,000 | 8,100,113 | |
Vistra Operations Company LLC (A) | 5.000 | 07-31-27 | 3,623,000 | 3,699,989 | |
Independent power and renewable electricity producers 0.6% | |||||
Adani Green Energy UP, Ltd. (A) | 6.250 | 12-10-24 | 1,715,000 | 1,903,650 | |
DPL, Inc. | 4.125 | 07-01-25 | 5,515,000 | 5,894,156 | |
Greenko Dutch BV (A) | 3.850 | 03-29-26 | 2,860,000 | 2,921,490 | |
Greenko Solar Mauritius, Ltd. (A)(B) | 5.550 | 01-29-25 | 1,660,000 | 1,708,109 | |
The AES Corp. (A) | 3.950 | 07-15-30 | 725,000 | 782,783 | |
Multi-utilities 0.2% | |||||
E.ON SE | 0.375 | 09-29-27 | EUR | 1,360,000 | 1,675,915 |
Engie SA | 0.375 | 06-21-27 | EUR | 1,400,000 | 1,730,733 |
Convertible bonds 2.8% | $58,482,893 | ||||
(Cost $53,995,581) | |||||
Communication services 0.7% | 15,273,414 | ||||
Media 0.7% | |||||
DISH Network Corp. | 3.375 | 08-15-26 | 2,760,000 | 2,848,320 | |
Liberty Broadband Corp. (A) | 1.250 | 09-30-50 | 5,530,000 | 5,543,825 | |
Liberty Broadband Corp. (A) | 2.750 | 09-30-50 | 4,005,000 | 4,204,731 | |
Liberty Media Corp. (A) | 0.500 | 12-01-50 | 2,275,000 | 2,676,538 | |
Consumer discretionary 0.3% | 6,124,021 | ||||
Household durables 0.1% | |||||
Sony Group Corp., Zero Coupon | 0.000 | 09-30-22 | JPY | 81,000,000 | 1,626,121 |
Specialty retail 0.2% | |||||
Burlington Stores, Inc. | 2.250 | 04-15-25 | 2,820,000 | 4,497,900 | |
Energy 0.3% | 5,616,895 | ||||
Oil, gas and consumable fuels 0.3% | |||||
BP Capital Markets PLC | 1.000 | 04-28-23 | GBP | 3,800,000 | 5,616,895 |
Industrials 1.2% | 26,412,563 | ||||
Airlines 1.0% | |||||
Air Canada (A) | 4.000 | 07-01-25 | 2,300,000 | 3,815,125 |
26 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Airlines (continued) | |||||
American Airlines Group, Inc. | 6.500 | 07-01-25 | 6,240,000 | $10,795,200 | |
Southwest Airlines Company | 1.250 | 05-01-25 | 4,210,000 | 7,167,525 | |
Road and rail 0.2% | |||||
Uber Technologies, Inc., Zero Coupon (A) | 0.000 | 12-15-25 | 4,555,000 | 4,634,713 | |
Information technology 0.3% | 5,056,000 | ||||
IT services 0.3% | |||||
Sabre GLBL, Inc. | 4.000 | 04-15-25 | 2,560,000 | 5,056,000 | |
Capital preferred securities 0.4% | $9,171,990 | ||||
(Cost $8,181,357) | |||||
Financials 0.4% | 9,171,990 | ||||
Banks 0.4% | |||||
USB Capital IX (Greater of 3 month LIBOR + 1.020% or 3.500%) (C)(D) | 3.500 | 06-28-21 | 9,462,000 | 9,171,990 | |
Term loans (E) 1.2% | $24,402,913 | ||||
(Cost $24,436,026) | |||||
Consumer discretionary 0.2% | 3,615,486 | ||||
Hotels, restaurants and leisure 0.2% | |||||
Hilton Grand Vacations Borrower LLC, 2021 Term Loan B (F) | TBD | 05-20-28 | 1,975,000 | 1,977,469 | |
KFC Holding Company, 2021 Term Loan B (F) | TBD | 03-15-28 | 517,000 | 517,217 | |
Marriott Ownership Resorts, Inc., 2019 Term Loan B (F) | TBD | 08-29-25 | 146,000 | 143,628 | |
New Red Finance, Inc., Term Loan B4 (F) | TBD | 11-19-26 | 993,000 | 977,172 | |
Health care 0.2% | 4,399,879 | ||||
Pharmaceuticals 0.2% | |||||
Jazz Financing Lux Sarl, USD Term Loan (1 month LIBOR + 3.500%) | 4.000 | 04-21-28 | 2,015,000 | 2,023,282 | |
Organon & Company, Term Loan (F) | TBD | 04-07-28 | 2,380,000 | 2,376,597 | |
Industrials 0.3% | 5,481,866 | ||||
Airlines 0.1% | |||||
United Airlines, Inc., 2021 Term Loan B (F) | TBD | 04-21-28 | 1,254,000 | 1,264,973 | |
Construction and engineering 0.1% | |||||
AECOM, 2021 Term Loan B (1 week LIBOR + 1.750%) | 1.863 | 04-13-28 | 1,615,000 | 1,610,462 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 27 |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Machinery 0.1% | |||||
Brown Group Holding LLC, Term Loan B (F) | TBD | 04-27-28 | 2,611,000 | $2,606,431 | |
Information technology 0.4% | 8,333,812 | ||||
Technology hardware, storage and peripherals0.4% | |||||
Dell International LLC, 2021 Term Loan B (F) | TBD | 09-19-25 | 8,335,313 | 8,333,812 | |
Materials 0.1% | 2,571,870 | ||||
Chemicals 0.1% | |||||
SCIH Salt Holdings, Inc., 2021 Incremental Term Loan B (3 month LIBOR + 4.000%) | 4.750 | 03-16-27 | 2,590,000 | 2,571,870 | |
Collateralized mortgage obligations 1.5% | $32,894,453 | ||||
(Cost $32,099,929) | |||||
Commercial and residential 1.5% | 32,894,453 | ||||
Arroyo Mortgage Trust | |||||
Series 2019-1, Class A1 (A)(G) | 3.805 | 01-25-49 | 2,413,582 | 2,464,813 | |
Series 2019-3, Class A1 (A)(G) | 2.962 | 10-25-48 | 1,792,802 | 1,823,836 | |
BAMLL Commercial Mortgage Securities Trust | |||||
Series 2018-DSNY, Class A (1 month LIBOR + 0.850%) (A)(D) | 0.951 | 09-15-34 | 5,940,000 | 5,941,731 | |
BX Commercial Mortgage Trust | |||||
Series 2018-BIOA, Class D (1 month LIBOR + 1.321%) (A)(D) | 1.422 | 03-15-37 | 2,625,000 | 2,629,167 | |
Series 2019-XL, Class A (1 month LIBOR + 0.920%) (A)(D) | 1.021 | 10-15-36 | 7,753,020 | 7,761,584 | |
Century Plaza Towers | |||||
Series 2019-CPT, Class A (A) | 2.865 | 11-13-39 | 5,760,000 | 6,071,116 | |
CSMC Trust | |||||
Series 2019-NQM1, Class A1 (A) | 2.656 | 10-25-59 | 1,251,066 | 1,273,898 | |
DBCG Mortgage Trust | |||||
Series 2017-BBG, Class A (1 month LIBOR + 0.700%) (A)(D) | 0.801 | 06-15-34 | 3,585,000 | 3,585,000 | |
HarborView Mortgage Loan Trust | |||||
Series 2007-3, Class ES IO (A) | 0.350 | 05-19-47 | 13,430,355 | 140,637 | |
Series 2007-4, Class ES IO | 0.350 | 07-19-47 | 14,773,216 | 197,336 | |
Series 2007-6, Class ES IO (A) | 0.343 | 08-19-37 | 13,694,261 | 194,643 | |
New Residential Mortgage Loan Trust | |||||
Series 2017-5A, Class A1 (1 month LIBOR + 1.500%) (A)(D) | 1.592 | 06-25-57 | 800,151 | 810,692 |
28 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities 1.3% | $27,907,755 | ||||
(Cost $26,757,645) | |||||
Asset backed securities 1.3% | 27,907,755 | ||||
DB Master Finance LLC | |||||
Series 2017-1A, Class A2II (A) | 4.030 | 11-20-47 | 1,905,975 | 2,034,228 | |
Series 2019-1A, Class A2I (A) | 3.787 | 05-20-49 | 3,315,938 | 3,369,258 | |
Series 2019-1A, Class A2II (A) | 4.021 | 05-20-49 | 1,788,150 | 1,888,465 | |
Domino's Pizza Master Issuer LLC | |||||
Series 2015-1A, Class A2II (A) | 4.474 | 10-25-45 | 3,691,075 | 3,884,893 | |
FirstKey Homes Trust | |||||
Series 2020-SFR2, Class A (A) | 1.266 | 10-19-37 | 1,676,292 | 1,674,966 | |
Home Partners of America Trust | |||||
Series 2018-1, Class A (1 month LIBOR + 0.900%) (A)(D) | 1.001 | 07-17-37 | 1,511,363 | 1,514,438 | |
MVW Owner Trust | |||||
Series 2018-1A, Class A (A) | 3.450 | 01-21-36 | 969,864 | 1,007,183 | |
Taco Bell Funding LLC | |||||
Series 2016-1A, Class A23 (A) | 4.970 | 05-25-46 | 6,432,000 | 6,984,123 | |
Towd Point Mortgage Trust | |||||
Series 2017-2, Class A1 (A)(G) | 2.750 | 04-25-57 | 682,799 | 692,731 | |
Series 2017-3, Class A1 (A)(G) | 2.750 | 07-25-57 | 1,125,037 | 1,148,755 | |
Westlake Automobile Receivables Trust | |||||
Series 2019-2A, Class C (A) | 2.840 | 07-15-24 | 3,650,000 | 3,708,715 | |
Shares | Value | ||||
Common stocks 0.4% | $9,442,549 | ||||
(Cost $13,081,104) | |||||
Communication services 0.0% | 0 | ||||
Media 0.0% | |||||
Vertis Holdings, Inc. (H)(I) | 300,118 | 0 | |||
Utilities 0.4% | 9,442,549 | ||||
Multi-utilities 0.4% | |||||
Dominion Energy, Inc. | 94,900 | 9,442,549 | |||
Preferred securities 3.7% | $79,280,300 | ||||
(Cost $75,294,278) | |||||
Communication services 0.1% | 2,447,465 | ||||
Media 0.1% | |||||
2020 Cash Mandatory Exchangeable Trust, 5.250% (A) | 1,985 | 2,447,465 | |||
Financials 0.8% | 16,129,644 | ||||
Banks 0.8% | |||||
U.S. Bancorp, 5.500% (B) | 135,700 | 3,829,454 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 29 |
Shares | Value | ||||
Financials (continued) | |||||
Banks (continued) | |||||
U.S. Bancorp (Greater of 3 month LIBOR + 1.020% or 3.500%), 3.500% (D) | 8,257 | $7,811,617 | |||
Wells Fargo & Company (5.850% to 9-15-23, then 3 month LIBOR + 3.090%) | 165,630 | 4,488,573 | |||
Health care 0.3% | 6,472,460 | ||||
Health care equipment and supplies 0.3% | |||||
Becton, Dickinson and Company, 6.000% (B) | 44,500 | 2,425,250 | |||
Danaher Corp., 4.750% | 2,330 | 4,047,210 | |||
Industrials 0.5% | 9,936,330 | ||||
Machinery 0.5% | |||||
Fortive Corp., 5.000% | 3,975 | 3,994,120 | |||
Stanley Black & Decker, Inc., 5.250% | 47,000 | 5,942,210 | |||
Information technology 0.3% | 7,433,446 | ||||
IT services 0.1% | |||||
Sabre Corp., 6.500% | 11,000 | 1,927,860 | |||
Semiconductors and semiconductorequipment 0.2% | |||||
Broadcom, Inc., 8.000% | 3,620 | 5,505,586 | |||
Utilities 1.7% | 36,860,955 | ||||
Electric utilities 1.5% | |||||
American Electric Power Company, Inc., 6.125% | 90,700 | 4,554,047 | |||
NextEra Energy, Inc., 4.872% | 151,550 | 8,432,242 | |||
NextEra Energy, Inc., 5.279% | 143,200 | 6,853,552 | |||
NextEra Energy, Inc., 6.219% | 76,450 | 3,698,651 | |||
The Southern Company, 6.750% | 149,300 | 7,742,698 | |||
Multi-utilities 0.2% | |||||
DTE Energy Company, 6.250% | 109,300 | 5,579,765 | |||
Yield (%) | Shares | Value | |||
Short-term investments 2.1% | $45,601,681 | ||||
(Cost $45,603,279) | |||||
Short-term funds 0.4% | 8,512,681 | ||||
John Hancock Collateral Trust (J) | 0.0241(K) | 850,834 | 8,512,681 |
Par value^ | Value | ||||
Repurchase agreement 1.7% | 37,089,000 | ||||
Repurchase Agreement with State Street Corp. dated 5-28-21 at 0.000% to be repurchased at $37,089,000 on 6-1-21, collateralized by $37,800,200 U.S. Treasury Notes, 0.125% due 11-30-22 (valued at $37,830,807) | 37,089,000 | 37,089,000 |
30 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Total investments (Cost $2,089,418,507) 100.1% | $2,143,674,646 | ||||
Other assets and liabilities, net (0.1%) | (2,527,652) | ||||
Total net assets 100.0% | $2,141,146,994 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
^All par values are denominated in U.S. dollars unless otherwise indicated. | |
Currency Abbreviations | |
AUD | Australian Dollar |
BRL | Brazilian Real |
CAD | Canadian Dollar |
CNY | Chinese Yuan Renminbi |
COP | Colombian Peso |
EUR | Euro |
GBP | Pound Sterling |
IDR | Indonesian Rupiah |
INR | Indian Rupee |
JPY | Japanese Yen |
MXN | Mexican Peso |
MYR | Malaysian Ringgit |
NOK | Norwegian Krone |
NZD | New Zealand Dollar |
PHP | Philippine Peso |
SGD | Singapore Dollar |
Security Abbreviations and Legend | |
BBSW | Bank Bill Swap Rate |
CDOR | Canadian Dollar Offered Rate |
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 |
NIBOR | Norwegian Interbank Offered Rate |
SOFR | Secured Overnight Financing Rate |
SONIA | Sterling Overnight Interbank Average Rate |
(A) | 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 $761,313,414 or 35.6% of the fund's net assets as of 5-31-21. |
(B) | All or a portion of this security is on loan as of 5-31-21. |
(C) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
(D) | Variable rate obligation. The coupon rate shown represents the rate at period end. |
(E) | Term loans are variable rate obligations. The coupon rate shown represents the rate at period end. |
(F) | 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). |
(G) | Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 31 |
(H) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements. |
(I) | Non-income producing security. |
(J) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
(K) | The rate shown is the annualized seven-day yield as of 5-31-21. |
32 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Open contracts | Number of contracts | Position | Expiration date | Notional basis^ | Notional value^ | Unrealized appreciation (depreciation) |
10-Year U.S. Treasury Note Futures | 612 | Short | Sep 2021 | $(80,620,706) | $(80,745,750) | $(125,044) |
Euro-Buxl Futures | 229 | Short | Jun 2021 | (55,537,199) | (56,271,705) | (734,506) |
German Euro BUND Futures | 71 | Short | Jun 2021 | (14,690,347) | (14,713,563) | (23,216) |
U.S. Treasury Long Bond Futures | 1,946 | Short | Sep 2021 | (303,785,838) | (304,609,813) | (823,975) |
Ultra U.S. Treasury Bond Futures | 35 | Short | Sep 2021 | (5,061,821) | (5,073,359) | (11,538) |
$(1,718,279) |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
AUD | 22,327,586 | USD | 17,445,094 | GSI | 6/16/2021 | — | $(164,567) |
GBP | 7,408,231 | USD | 10,182,346 | HUS | 6/16/2021 | $342,667 | — |
NZD | 4,213,444 | USD | 2,978,677 | ANZ | 6/16/2021 | 87,973 | — |
NZD | 8,550,206 | USD | 6,126,322 | CITI | 6/16/2021 | 96,733 | — |
NZD | 4,162,865 | USD | 3,005,062 | HUS | 6/16/2021 | 24,776 | — |
USD | 17,434,683 | AUD | 22,578,545 | MSCS | 6/16/2021 | — | (40,075) |
USD | 8,697,062 | BRL | 45,503,030 | SSB | 6/16/2021 | 23,185 | — |
USD | 10,800,300 | GBP | 7,768,240 | UBS | 6/16/2021 | — | (236,186) |
USD | 4,962,402 | JPY | 537,806,040 | CIBC | 6/16/2021 | 49,973 | — |
USD | 6,105,216 | NZD | 8,514,590 | ANZ | 6/16/2021 | — | (91,915) |
USD | 3,080,014 | NZD | 4,270,353 | CITI | 6/16/2021 | — | (28,056) |
USD | 3,079,843 | NZD | 4,270,353 | SSB | 6/16/2021 | — | (28,227) |
USD | 8,668,580 | SGD | 11,573,153 | CITI | 6/16/2021 | — | (89,953) |
USD | 8,668,580 | SGD | 11,590,846 | GSI | 6/16/2021 | — | (103,343) |
$625,307 | $(782,322) |
Foreign currency options | |||||||
Description | Counterparty (OTC) | Currency | Exercise price | Expiration date | Notional amount* | Premium | Value |
Calls | |||||||
Euro vs. U.S. Dollar | CITI | EUR | 1.22 | Aug 2021 | 33,210,000 | $465,628 | $(475,243) |
$465,628 | $(475,243) | ||||||
* For this type of option, notional amounts are equivalent to number of contracts. |
Derivatives Currency Abbreviations | |
AUD | Australian Dollar |
BRL | Brazilian Real |
EUR | Euro |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 33 |
GBP | Pound Sterling |
JPY | Japanese Yen |
NZD | New Zealand Dollar |
SGD | Singapore Dollar |
USD | U.S. Dollar |
Derivatives Abbreviations | |
ANZ | Australia and New Zealand Banking Group Limited |
CIBC | Canadian Imperial Bank of Commerce |
CITI | Citibank, N.A. |
GSI | Goldman Sachs International |
HUS | HSBC Bank USA, N.A. |
MSCS | Morgan Stanley Capital Services LLC |
OTC | Over-the-counter |
SSB | State Street Bank and Trust Company |
UBS | UBS AG |
34 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $2,080,904,228) including $8,490,615 of securities loaned | $2,135,161,965 |
Affiliated investments, at value (Cost $8,514,279) | 8,512,681 |
Total investments, at value (Cost $2,089,418,507) | 2,143,674,646 |
Unrealized appreciation on forward foreign currency contracts | 625,307 |
Cash | 8,788 |
Foreign currency, at value (Cost $12,190,105) | 12,140,472 |
Collateral held at broker for futures contracts | 10,813,016 |
Collateral segregated at custodian for OTC derivative contracts | 890,000 |
Dividends and interest receivable | 19,343,402 |
Receivable for fund shares sold | 2,702,780 |
Receivable for investments sold | 2,228,567 |
Receivable for securities lending income | 1,868 |
Other assets | 151,706 |
Total assets | 2,192,580,552 |
Liabilities | |
Unrealized depreciation on forward foreign currency contracts | 782,322 |
Written options, at value (Premiums received $465,628) | 475,243 |
Payable for futures variation margin | 1,002,256 |
Distributions payable | 289,310 |
Payable for investments purchased | 37,262,961 |
Payable for fund shares repurchased | 2,397,270 |
Payable upon return of securities loaned | 8,520,601 |
Payable to affiliates | |
Accounting and legal services fees | 65,912 |
Transfer agent fees | 130,670 |
Distribution and service fees | 2,411 |
Trustees' fees | 593 |
Other liabilities and accrued expenses | 504,009 |
Total liabilities | 51,433,558 |
Net assets | $2,141,146,994 |
Net assets consist of | |
Paid-in capital | $2,207,777,214 |
Total distributable earnings (loss) | (66,630,220) |
Net assets | $2,141,146,994 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Income Fund | 35 |
Net asset value per share | |
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value | |
Class A ($617,669,828 ÷ 91,735,947 shares)1 | $6.73 |
Class C ($30,193,110 ÷ 4,484,164 shares)1 | $6.73 |
Class I ($601,587,660 ÷ 89,520,243 shares) | $6.72 |
Class R2 ($10,029,998 ÷ 1,491,609 shares) | $6.72 |
Class R4 ($3,412,675 ÷ 506,773 shares) | $6.73 |
Class R5 ($9,698,265 ÷ 1,442,716 shares) | $6.72 |
Class R6 ($868,555,458 ÷ 129,098,239 shares) | $6.73 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 96%)2 | $7.01 |
1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
2 | On single retail sales of less than $100,000. On sales of $100,000 or more and on group sales the offering price is reduced. |
36 | JOHN HANCOCK Income Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Investment income | |
Interest | $54,920,583 |
Dividends | 4,921,453 |
Securities lending | 37,433 |
Less foreign taxes withheld | (636,751) |
Total investment income | 59,242,718 |
Expenses | |
Investment management fees | 6,877,000 |
Distribution and service fees | 2,448,084 |
Accounting and legal services fees | 324,458 |
Transfer agent fees | 1,522,820 |
Trustees' fees | 34,950 |
Custodian fees | 382,187 |
State registration fees | 174,253 |
Printing and postage | 70,213 |
Professional fees | 127,169 |
Other | 105,374 |
Total expenses | 12,066,508 |
Less expense reductions | (162,435) |
Net expenses | 11,904,073 |
Net investment income | 47,338,645 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 34,167,448 |
Affiliated investments | (6,006) |
Futures contracts | 27,936,685 |
Forward foreign currency contracts | 1,925,095 |
Written options | 1,341,618 |
65,364,840 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 54,533,425 |
Affiliated investments | (1,257) |
Futures contracts | (1,706,328) |
Forward foreign currency contracts | (9,284,058) |
Written options | (9,615) |
43,532,167 | |
Net realized and unrealized gain | 108,897,007 |
Increase in net assets from operations | $156,235,652 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Income Fund | 37 |
Year ended 5-31-21 | Year ended 5-31-20 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $47,338,645 | $48,984,112 |
Net realized gain | 65,364,840 | 3,483,980 |
Change in net unrealized appreciation (depreciation) | 43,532,167 | 23,809,373 |
Increase in net assets resulting from operations | 156,235,652 | 76,277,465 |
Distributions to shareholders | ||
From earnings | ||
Class A | (15,092,924) | (14,677,550) |
Class B1 | (27,049) | (245,661) |
Class C | (982,428) | (2,376,586) |
Class I | (16,046,882) | (16,299,922) |
Class R11 | (44,154) | (158,314) |
Class R2 | (185,320) | (137,635) |
Class R31 | (30,592) | (106,997) |
Class R4 | (84,245) | (83,477) |
Class R5 | (252,519) | (226,897) |
Class R6 | (22,421,965) | (15,289,426) |
Total distributions | (55,168,078) | (49,602,465) |
From fund share transactions | 260,930,416 | (37,953,703) |
Total increase (decrease) | 361,997,990 | (11,278,703) |
Net assets | ||
Beginning of year | 1,779,149,004 | 1,790,427,707 |
End of year | $2,141,146,994 | $1,779,149,004 |
1 | Share class was redesignated during the year. Refer to Note 6 for further details. |
38 | JOHN HANCOCK Income Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS A SHARES Period ended | 5-31-21 | 5-31-20 | 5-31-19 | 5-31-18 | 5-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $6.39 | $6.28 | $6.25 | $6.47 | $6.47 |
Net investment income1 | 0.14 | 0.17 | 0.20 | 0.20 | 0.17 |
Net realized and unrealized gain (loss) on investments | 0.37 | 0.11 | 0.03 | (0.22) | 0.02 |
Total from investment operations | 0.51 | 0.28 | 0.23 | (0.02) | 0.19 |
Less distributions | |||||
From net investment income | (0.17) | (0.17) | (0.20) | (0.20) | (0.19) |
Net asset value, end of period | $6.73 | $6.39 | $6.28 | $6.25 | $6.47 |
Total return (%)2,3 | 8.17 | 4.50 | 3.72 | (0.43) | 2.95 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $618 | $543 | $541 | $607 | $672 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.82 | 0.85 | 0.82 | 0.80 | 0.81 |
Expenses including reductions | 0.81 | 0.84 | 0.81 | 0.79 | 0.81 |
Net investment income | 2.14 | 2.64 | 3.17 | 3.03 | 2.69 |
Portfolio turnover (%) | 63 | 76 | 58 | 48 | 41 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Income Fund | 39 |
CLASS C SHARES Period ended | 5-31-21 | 5-31-20 | 5-31-19 | 5-31-18 | 5-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $6.39 | $6.28 | $6.25 | $6.47 | $6.47 |
Net investment income1 | 0.09 | 0.12 | 0.15 | 0.15 | 0.13 |
Net realized and unrealized gain (loss) on investments | 0.37 | 0.12 | 0.03 | (0.22) | 0.01 |
Total from investment operations | 0.46 | 0.24 | 0.18 | (0.07) | 0.14 |
Less distributions | |||||
From net investment income | (0.12) | (0.13) | (0.15) | (0.15) | (0.14) |
Net asset value, end of period | $6.73 | $6.39 | $6.28 | $6.25 | $6.47 |
Total return (%)2,3 | 7.41 | 3.77 | 2.99 | (1.12) | 2.24 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $30 | $95 | $146 | $211 | $320 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.52 | 1.55 | 1.52 | 1.50 | 1.51 |
Expenses including reductions | 1.51 | 1.54 | 1.51 | 1.49 | 1.51 |
Net investment income | 1.39 | 1.94 | 2.48 | 2.32 | 2.00 |
Portfolio turnover (%) | 63 | 76 | 58 | 48 | 41 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
40 | JOHN HANCOCK Income Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS I SHARES Period ended | 5-31-21 | 5-31-20 | 5-31-19 | 5-31-18 | 5-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $6.37 | $6.27 | $6.23 | $6.46 | $6.46 |
Net investment income1 | 0.16 | 0.19 | 0.21 | 0.21 | 0.19 |
Net realized and unrealized gain (loss) on investments | 0.38 | 0.10 | 0.04 | (0.23) | 0.02 |
Total from investment operations | 0.54 | 0.29 | 0.25 | (0.02) | 0.21 |
Less distributions | |||||
From net investment income | (0.19) | (0.19) | (0.21) | (0.21) | (0.21) |
Net asset value, end of period | $6.72 | $6.37 | $6.27 | $6.23 | $6.46 |
Total return (%)2 | 8.51 | 4.65 | 4.18 | (0.29) | 3.27 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $602 | $530 | $595 | $837 | $3,080 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.52 | 0.55 | 0.54 | 0.50 | 0.50 |
Expenses including reductions | 0.51 | 0.54 | 0.53 | 0.49 | 0.49 |
Net investment income | 2.43 | 2.93 | 3.47 | 3.31 | 3.02 |
Portfolio turnover (%) | 63 | 76 | 58 | 48 | 41 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Income Fund | 41 |
CLASS R2 SHARES Period ended | 5-31-21 | 5-31-20 | 5-31-19 | 5-31-18 | 5-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $6.38 | $6.27 | $6.24 | $6.46 | $6.46 |
Net investment income1 | 0.14 | 0.16 | 0.19 | 0.19 | 0.17 |
Net realized and unrealized gain (loss) on investments | 0.36 | 0.12 | 0.03 | (0.22) | 0.01 |
Total from investment operations | 0.50 | 0.28 | 0.22 | (0.03) | 0.18 |
Less distributions | |||||
From net investment income | (0.16) | (0.17) | (0.19) | (0.19) | (0.18) |
Net asset value, end of period | $6.72 | $6.38 | $6.27 | $6.24 | $6.46 |
Total return (%)2 | 8.07 | 4.41 | 3.61 | (0.54) | 2.86 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $10 | $3 | $6 | $9 | $14 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.91 | 0.94 | 0.92 | 0.90 | 0.91 |
Expenses including reductions | 0.91 | 0.93 | 0.91 | 0.89 | 0.90 |
Net investment income | 2.09 | 2.57 | 3.07 | 2.92 | 2.62 |
Portfolio turnover (%) | 63 | 76 | 58 | 48 | 41 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
42 | JOHN HANCOCK Income Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R4 SHARES Period ended | 5-31-21 | 5-31-20 | 5-31-19 | 5-31-18 | 5-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $6.39 | $6.28 | $6.25 | $6.47 | $6.47 |
Net investment income1 | 0.15 | 0.18 | 0.20 | 0.20 | 0.19 |
Net realized and unrealized gain (loss) on investments | 0.37 | 0.11 | 0.04 | (0.22) | 0.01 |
Total from investment operations | 0.52 | 0.29 | 0.24 | (0.02) | 0.20 |
Less distributions | |||||
From net investment income | (0.18) | (0.18) | (0.21) | (0.20) | (0.20) |
Net asset value, end of period | $6.73 | $6.39 | $6.28 | $6.25 | $6.47 |
Total return (%)2 | 8.34 | 4.67 | 3.87 | (0.28) | 3.11 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $3 | $3 | $3 | $143 | $145 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.76 | 0.78 | 0.77 | 0.75 | 0.76 |
Expenses including reductions | 0.66 | 0.67 | 0.67 | 0.64 | 0.65 |
Net investment income | 2.29 | 2.80 | 3.30 | 3.18 | 2.86 |
Portfolio turnover (%) | 63 | 76 | 58 | 48 | 41 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Income Fund | 43 |
CLASS R5 SHARES Period ended | 5-31-21 | 5-31-20 | 5-31-19 | 5-31-18 | 5-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $6.38 | $6.27 | $6.24 | $6.46 | $6.46 |
Net investment income1 | 0.17 | 0.19 | 0.22 | 0.22 | 0.20 |
Net realized and unrealized gain (loss) on investments | 0.36 | 0.11 | 0.03 | (0.22) | 0.01 |
Total from investment operations | 0.53 | 0.30 | 0.25 | — | 0.21 |
Less distributions | |||||
From net investment income | (0.19) | (0.19) | (0.22) | (0.22) | (0.21) |
Net asset value, end of period | $6.72 | $6.38 | $6.27 | $6.24 | $6.46 |
Total return (%)2 | 8.57 | 4.88 | 4.08 | (0.09) | 3.32 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $10 | $7 | $7 | $17 | $20 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.46 | 0.49 | 0.47 | 0.45 | 0.46 |
Expenses including reductions | 0.45 | 0.48 | 0.47 | 0.44 | 0.45 |
Net investment income | 2.50 | 3.01 | 3.54 | 3.38 | 3.09 |
Portfolio turnover (%) | 63 | 76 | 58 | 48 | 41 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
44 | JOHN HANCOCK Income Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R6 SHARES Period ended | 5-31-21 | 5-31-20 | 5-31-19 | 5-31-18 | 5-31-17 |
Per share operating performance | |||||
Net asset value, beginning of period | $6.38 | $6.27 | $6.24 | $6.46 | $6.46 |
Net investment income1 | 0.17 | 0.19 | 0.22 | 0.22 | 0.20 |
Net realized and unrealized gain (loss) on investments | 0.37 | 0.12 | 0.03 | (0.22) | 0.02 |
Total from investment operations | 0.54 | 0.31 | 0.25 | — | 0.22 |
Less distributions | |||||
From net investment income | (0.19) | (0.20) | (0.22) | (0.22) | (0.22) |
Net asset value, end of period | $6.73 | $6.38 | $6.27 | $6.24 | $6.46 |
Total return (%)2 | 8.61 | 4.93 | 4.13 | (0.03) | 3.39 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $869 | $582 | $461 | $1,525 | $288 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.41 | 0.44 | 0.42 | 0.40 | 0.41 |
Expenses including reductions | 0.41 | 0.43 | 0.42 | 0.39 | 0.38 |
Net investment income | 2.54 | 3.04 | 3.58 | 3.45 | 3.15 |
Portfolio turnover (%) | 63 | 76 | 58 | 48 | 41 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Income Fund | 45 |
46 | JOHN HANCOCK Income Fund | ANNUAL REPORT |
Total value at 5-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
U.S. Government and Agency obligations | $128,505,616 | — | $128,505,616 | — |
Foreign government obligations | 446,931,079 | — | 446,931,079 | — |
Corporate bonds | 1,281,053,417 | — | 1,281,053,417 | — |
Convertible bonds | 58,482,893 | — | 58,482,893 | — |
Capital preferred securities | 9,171,990 | — | 9,171,990 | — |
Term loans | 24,402,913 | — | 24,402,913 | — |
Collateralized mortgage obligations | 32,894,453 | — | 32,894,453 | — |
Asset backed securities | 27,907,755 | — | 27,907,755 | — |
Common stocks | 9,442,549 | $9,442,549 | — | — |
Preferred securities | 79,280,300 | 72,838,715 | 6,441,585 | — |
Short-term investments | 45,601,681 | 8,512,681 | 37,089,000 | — |
Total investments in securities | $2,143,674,646 | $90,793,945 | $2,052,880,701 | — |
Derivatives: | ||||
Assets | ||||
Forward foreign currency contracts | $625,307 | — | $625,307 | — |
Liabilities | ||||
Futures | (1,718,279) | $(1,718,279) | — | — |
Forward foreign currency contracts | (782,322) | — | (782,322) | — |
ANNUAL REPORT | JOHN HANCOCK Income Fund | 47 |
Total value at 5-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Written options | $(475,243) | — | $(475,243) | — |
48 | JOHN HANCOCK Income Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK Income Fund | 49 |
May 31, 2021 | May 31, 2020 | |
Ordinary income | $55,168,078 | $49,602,465 |
50 | JOHN HANCOCK Income Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK Income Fund | 51 |
52 | JOHN HANCOCK Income Fund | ANNUAL REPORT |
Risk | Statement of assets and liabilities location | Financial instruments location | Assets derivatives fair value | Liabilities derivatives fair value |
Interest rate | Receivable/payable for futures variation margin1 | Futures | — | $(1,718,279) |
Currency | Unrealized appreciation (depreciation) on forward foreign currency contracts | Forward foreign currency contracts | $625,307 | (782,322) |
Currency | Written options, at value | Written options | — | (475,243) |
$625,307 | $(2,975,844) |
1 | Reflects cumulative appreciation/depreciation on open futures as disclosed in the Derivatives section of Fund's investments. Only the year end variation margin receivable/payable is separately reported on the Statement of assets and liabilities. |
Statement of operations location - Net realized gain (loss) on: | |||||
Risk | Unaffiliated investments and foreign currency transactions1 | Futures contracts | Forward foreign currency contracts | Written options | Total |
Interest rate | — | $27,936,685 | — | — | $27,936,685 |
Currency | $(185,976) | — | $1,925,095 | $1,341,618 | 3,080,737 |
Total | $(185,976) | $27,936,685 | $1,925,095 | $1,341,618 | $31,017,422 |
1 | Realized gain/loss associated with purchased options is included in this caption on the Statement of operations. |
Statement of operations location - Change in net unrealized appreciation (depreciation) of: | ||||
Risk | Futures contracts | Forward foreign currency contracts | Written options | Total |
Interest rate | $(1,706,328) | — | — | $(1,706,328) |
ANNUAL REPORT | JOHN HANCOCK Income Fund | 53 |
Statement of operations location - Change in net unrealized appreciation (depreciation) of: | ||||
Risk | Futures contracts | Forward foreign currency contracts | Written options | Total |
Currency | — | $(9,284,058) | $(9,615) | $(9,293,673) |
Total | $(1,706,328) | $(9,284,058) | $(9,615) | $(11,000,001) |
Class | Expense reduction |
Class A | $47,370 |
Class B | 115 |
Class C | 4,250 |
Class I | 44,967 |
Class R1 | 157 |
Class R2 | 610 |
Class | Expense reduction |
Class R3 | $112 |
Class R4 | 249 |
Class R5 | 695 |
Class R6 | 60,771 |
Total | $159,296 |
54 | JOHN HANCOCK Income Fund | ANNUAL REPORT |
Class | Rule 12b-1 Fee | Service fee |
Class A | 0.30% | — |
Class B | 1.00% | — |
Class C | 1.00% | — |
Class R1 | 0.50% | 0.25% |
Class R2 | 0.25% | 0.25% |
Class R3 | 0.50% | 0.15% |
Class R4 | 0.25% | 0.10% |
Class R5 | — | 0.05% |
ANNUAL REPORT | JOHN HANCOCK Income Fund | 55 |
Class | Distribution and service fees | Transfer agent fees |
Class A | $1,792,528 | $700,812 |
Class B | 16,200 | 1,938 |
Class C | 561,974 | 66,636 |
Class I | — | 666,765 |
Class R1 | 16,056 | 265 |
Class R2 | 37,216 | 808 |
Class R3 | 9,235 | 176 |
Class R4 | 10,981 | 349 |
Class R5 | 3,894 | 968 |
Class R6 | — | 84,103 |
Total | $2,448,084 | $1,522,820 |
Year Ended 5-31-21 | Year Ended 5-31-20 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 19,347,248 | $128,926,362 | 13,544,748 | $86,916,405 |
Distributions reinvested | 2,044,226 | 13,635,575 | 2,062,996 | 13,249,852 |
Repurchased | (14,665,312) | (97,801,867) | (16,766,708) | (106,910,261) |
Net increase (decrease) | 6,726,162 | $44,760,070 | (1,158,964) | $(6,744,004) |
Class B shares | ||||
Sold | 101 | $663 | 15,266 | $97,887 |
Distributions reinvested | 3,526 | 23,124 | 35,026 | 225,402 |
Repurchased | (928,557) | (6,124,459) | (2,263,874) | (14,433,286) |
Net decrease | (924,930) | $(6,100,672) | (2,213,582) | $(14,109,997) |
56 | JOHN HANCOCK Income Fund | ANNUAL REPORT |
Year Ended 5-31-21 | Year Ended 5-31-20 | |||
Shares | Amount | Shares | Amount | |
Class C shares | ||||
Sold | 488,757 | $3,249,125 | 694,722 | $4,465,518 |
Distributions reinvested | 138,680 | 920,236 | 325,212 | 2,090,189 |
Repurchased | (10,988,883) | (73,197,173) | (9,375,627) | (60,023,588) |
Net decrease | (10,361,446) | $(69,027,812) | (8,355,693) | $(53,467,881) |
Class I shares | ||||
Sold | 22,670,289 | $150,986,083 | 24,130,052 | $153,610,549 |
Distributions reinvested | 2,263,729 | 15,070,006 | 2,368,311 | 15,186,457 |
Repurchased | (18,604,211) | (123,752,311) | (38,261,373) | (242,682,580) |
Net increase (decrease) | 6,329,807 | $42,303,778 | (11,763,010) | $(73,885,574) |
Class R1 shares | ||||
Sold | 52,454 | $345,250 | 207,414 | $1,322,728 |
Distributions reinvested | 5,576 | 36,735 | 22,519 | 145,129 |
Repurchased | (988,556) | (6,568,744) | (403,366) | (2,556,490) |
Net decrease | (930,526) | $(6,186,759) | (173,433) | $(1,088,633) |
Class R2 shares | ||||
Sold | 1,376,644 | $9,152,894 | 252,415 | $1,624,488 |
Distributions reinvested | 27,459 | 183,634 | 17,155 | 110,140 |
Repurchased | (453,936) | (3,030,456) | (728,171) | (4,688,046) |
Net increase (decrease) | 950,167 | $6,306,072 | (458,601) | $(2,953,418) |
Class R3 shares | ||||
Sold | 36,366 | $238,128 | 158,267 | $1,013,299 |
Distributions reinvested | 4,254 | 27,939 | 16,533 | 106,155 |
Repurchased | (684,924) | (4,538,111) | (236,201) | (1,507,603) |
Net decrease | (644,304) | $(4,272,044) | (61,401) | $(388,149) |
Class R4 shares | ||||
Sold | 213,865 | $1,431,246 | 125,926 | $806,428 |
Distributions reinvested | 12,624 | 84,242 | 12,974 | 83,324 |
Repurchased | (144,004) | (963,859) | (210,656) | (1,346,895) |
Net increase (decrease) | 82,485 | $551,629 | (71,756) | $(457,143) |
Class R5 shares | ||||
Sold | 701,285 | $4,679,275 | 455,831 | $2,905,420 |
Distributions reinvested | 37,883 | 252,383 | 35,196 | 225,732 |
Repurchased | (462,999) | (3,095,350) | (507,164) | (3,238,277) |
Net increase (decrease) | 276,169 | $1,836,308 | (16,137) | $(107,125) |
ANNUAL REPORT | JOHN HANCOCK Income Fund | 57 |
Year Ended 5-31-21 | Year Ended 5-31-20 | |||
Shares | Amount | Shares | Amount | |
Class R6 shares | ||||
Sold | 52,649,935 | $349,143,908 | 33,183,910 | $213,393,049 |
Distributions reinvested | 3,265,041 | 21,782,798 | 2,300,702 | 14,748,717 |
Repurchased | (17,978,708) | (120,166,860) | (17,720,651) | (112,893,545) |
Net increase | 37,936,268 | $250,759,846 | 17,763,961 | $115,248,221 |
Total net increase (decrease) | 39,439,852 | $260,930,416 | (6,508,616) | $(37,953,703) |
Redesignation | Effective date | Amount | |||||
Class R3 shares as Class R2 shares | October 9, 2020 | $2,461,545 | |||||
Class B shares as Class A shares | October 14, 2020 | $3,153,811 | |||||
Class R1 shares as Class R2 shares | October 23, 2020 | $5,004,936 |
Dividends and distributions | |||||||||
Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
John Hancock Collateral Trust* | 850,834 | $8,705,385 | $144,897,292 | $(145,082,733) | $(6,006) | $(1,257) | $37,433 | — | $8,512,681 |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
58 | JOHN HANCOCK Income Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK Income Fund | 59 |
60 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 61 |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
62 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 63 |
Independent Trustees | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Hassell H. McClellan, Born: 1945 | 2012 | 190 |
Trustee and Chairperson of the Board | ||
Director/Trustee, Virtus Funds (since 2008); Director, The Barnes Group (since 2010); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | ||
Charles L. Bardelis,2 Born: 1941 | 2012 | 190 |
Trustee | ||
Director, Island Commuter Corp. (marine transport). Trustee of various trusts within the John Hancock Fund Complex (since 1988). | ||
James R. Boyle, Born: 1959 | 2015 | 190 |
Trustee | ||
Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | ||
Peter S. Burgess,2 Born: 1942 | 2012 | 190 |
Trustee | ||
Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (2004-2021); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005). | ||
William H. Cunningham, Born: 1944 | 2005 | 190 |
Trustee | ||
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | ||
Grace K. Fey, Born: 1946 | 2012 | 190 |
Trustee | ||
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
64 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT |
Independent Trustees (continued) | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Deborah C. Jackson, Born: 1952 | 2008 | 190 |
Trustee | ||
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | ||
Steven R. Pruchansky, Born: 1944 | 2005 | 190 |
Trustee and Vice Chairperson of the Board | ||
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. | ||
Frances G. Rathke,2,* Born: 1960 | 2020 | 190 |
Trustee | ||
Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020). | ||
Gregory A. Russo, Born: 1949 | 2009 | 190 |
Trustee | ||
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 65 |
Non-Independent Trustees3 | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Andrew G. Arnott, Born: 1971 | 2017 | 190 |
President and Non-Independent Trustee | ||
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). | ||
Marianne Harrison, Born: 1963 | 2018 | 190 |
Non-Independent Trustee | ||
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018). |
Principal officers who are not Trustees | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Charles A. Rizzo, Born: 1957 | 2007 |
Chief Financial Officer | |
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). | |
Salvatore Schiavone, Born: 1965 | 2010 |
Treasurer | |
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). | |
Christopher (Kit) Sechler, Born: 1973 | 2018 |
Secretary and Chief Legal Officer | |
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). |
66 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT |
Principal officers who are not Trustees (continued) | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Trevor Swanberg, Born: 1979 | 2020 |
Chief Compliance Officer | |
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). |
1 | Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table. |
2 | Member of the Audit Committee. |
3 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
* | Appointed as Independent Trustee effective as of September 15, 2020. |
ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 67 |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
Charles L. Bardelis*
James R. Boyle
Peter S. Burgess*
William H. Cunningham
Grace K. Fey
Marianne Harrison†
Deborah C. Jackson
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Thomas C. Goggins
Daniel S. Janis III
Kisoo Park
You can also contact us: | ||
800-225-5291 | Regular mail: | Express mail: |
jhinvestments.com | John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 | John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
68 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT |
GOVERNANCE FUNDS
with a heritage of financial stewardship dating back to 1862. Helping
our shareholders pursue their financial goals is at the core of everything
we do. It’s why we support the role of professional financial advice
and operate with the highest standards of conduct and integrity.
We search the world to find proven portfolio teams with specialized
expertise for every strategy we offer, then we apply robust investment
oversight to ensure they continue to meet our uncompromising
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.
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
MF1674189 | 91A 5/21 |
President and CEO,
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 1 |
2 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
COUNTRY COMPOSITION AS OF 5/31/2021 (% of net assets) | |
United States | 83.4 |
United Kingdom | 3.6 |
Netherlands | 1.8 |
Canada | 1.7 |
Mexico | 1.4 |
Bermuda | 1.2 |
France | 1.1 |
Other countries | 5.8 |
TOTAL | 100.0 |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 3 |
4 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
COUNTRY COMPOSITION AS OF 5/31/2021 (% of net assets) | |
United States | 74.9 |
Ireland | 3.4 |
Canada | 3.2 |
Mexico | 2.8 |
Luxembourg | 2.6 |
Brazil | 2.5 |
Netherlands | 2.0 |
United Kingdom | 1.9 |
Israel | 1.0 |
United Arab Emirates | 1.0 |
Other countries | 4.7 |
TOTAL | 100.0 |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 5 |
6 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 7 |
8 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
Investment-Grade Corporate Bond Portfolio | Bloomberg Barclays U.S. Corporate Bond Index | |
Inception | 7-9-19 | 7-9-19 |
Average annual total returns | ||
1 year | 7.09 | 3.64 |
Since inception | 5.71 | 5.79 |
Cumulative returns | ||
Since inception | 11.09 | 11.26 |
Gross (%) | 1.91 |
Net (%) | 0.00 |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 9 |
Non-Investment-Grade Corporate Bond Portfolio | ICE Bank of America U.S. High Yield Index | |
Inception | 7-9-19 | 7-9-19 |
Average annual total returns | ||
1 year | 14.69 | 15.18 |
Since inception | 5.43 | 6.47 |
Cumulative returns | ||
Since inception | 10.54 | 12.62 |
Gross (%) | 1.98 |
Net (%) | 0.00 |
10 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
Securitized Debt Portfolio | Bloomberg Barclays U.S. Securitized MBS ABS CMBS Index | |
Inception | 7-9-19 | 7-9-19 |
Average annual total returns | ||
1 year | 5.02 | -0.13 |
Since inception | 3.89 | 2.85 |
Cumulative returns | ||
Since inception | 7.51 | 5.48 |
Gross (%) | 1.90 |
Net (%) | 0.00 |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 11 |
Account value on 12-1-2020 | Ending value on 5-31-2021 | Expenses paid during period ended 5-31-20211 | Annualized expense ratio | ||
Managed Account Shares Investment-Grade Corporate Bond Portfolio | |||||
Actual expenses/actual returns | $1,000.00 | $995.60 | $0.00 | 0.00% | |
Hypothetical example | 1,000.00 | 1,024.90 | 0.00 | 0.00% | |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | |||||
Actual expenses/actual returns | $1,000.00 | $1,035.20 | $0.00 | 0.00% | |
Hypothetical example | 1,000.00 | 1,024.90 | 0.00 | 0.00% | |
Managed Account Shares Securitized Debt Portfolio | |||||
Actual expenses/actual returns | $1,000.00 | $1,010.00 | $0.00 | 0.00% | |
Hypothetical example | 1,000.00 | 1,024.90 | 0.00 | 0.00% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period). |
12 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
Rate (%) | Maturity date | Par value^ | Value | ||
Foreign government obligations 1.0% | $231,003 | ||||
(Cost $234,750) | |||||
Saudi Arabia 1.0% | 231,003 | ||||
Kingdom of Saudi Arabia Bond (A) | 4.375 | 04-16-29 | 200,000 | 231,003 | |
Corporate bonds 95.0% | $23,221,729 | ||||
(Cost $23,017,720) | |||||
Communication services 7.5% | 1,840,418 | ||||
Diversified telecommunication services 2.5% | |||||
AT&T, Inc. | 2.300 | 06-01-27 | 110,000 | 113,905 | |
AT&T, Inc. | 3.100 | 02-01-43 | 257,000 | 243,290 | |
Level 3 Financing, Inc. (A) | 3.400 | 03-01-27 | 25,000 | 26,591 | |
Telefonica Emisiones SA | 5.213 | 03-08-47 | 165,000 | 198,045 | |
Verizon Communications, Inc. | 3.400 | 03-22-41 | 40,000 | 40,677 | |
Media 3.1% | |||||
Charter Communications Operating LLC | 4.200 | 03-15-28 | 61,000 | 68,192 | |
Charter Communications Operating LLC | 4.800 | 03-01-50 | 225,000 | 246,942 | |
Charter Communications Operating LLC | 5.750 | 04-01-48 | 129,000 | 157,641 | |
Charter Communications Operating LLC | 6.484 | 10-23-45 | 195,000 | 256,599 | |
Cox Communications, Inc. (A) | 1.800 | 10-01-30 | 34,000 | 31,922 | |
Wireless telecommunication services 1.9% | |||||
T-Mobile USA, Inc. | 2.050 | 02-15-28 | 50,000 | 49,772 | |
T-Mobile USA, Inc. | 3.300 | 02-15-51 | 85,000 | 79,977 | |
T-Mobile USA, Inc. | 3.750 | 04-15-27 | 36,000 | 39,575 | |
T-Mobile USA, Inc. | 3.875 | 04-15-30 | 195,000 | 213,732 | |
T-Mobile USA, Inc. | 4.500 | 04-15-50 | 65,000 | 73,558 | |
Consumer discretionary 9.6% | 2,339,332 | ||||
Automobiles 1.1% | |||||
General Motors Financial Company, Inc. | 3.600 | 06-21-30 | 193,000 | 206,725 | |
Hyundai Capital America (A) | 1.800 | 10-15-25 | 25,000 | 25,308 | |
Hyundai Capital America (A) | 2.375 | 10-15-27 | 25,000 | 25,454 | |
Hotels, restaurants and leisure 6.9% | |||||
Booking Holdings, Inc. | 4.625 | 04-13-30 | 196,000 | 229,038 | |
Choice Hotels International, Inc. | 3.700 | 12-01-29 | 50,000 | 53,693 | |
Choice Hotels International, Inc. | 3.700 | 01-15-31 | 75,000 | 79,943 | |
Expedia Group, Inc. (A) | 2.950 | 03-15-31 | 66,000 | 65,851 | |
Expedia Group, Inc. | 3.250 | 02-15-30 | 85,000 | 87,031 | |
Expedia Group, Inc. | 3.800 | 02-15-28 | 140,000 | 150,835 | |
Expedia Group, Inc. (A) | 4.625 | 08-01-27 | 92,000 | 104,146 | |
Expedia Group, Inc. | 5.000 | 02-15-26 | 116,000 | 132,157 | |
Genting New York LLC (A) | 3.300 | 02-15-26 | 200,000 | 200,106 | |
Hyatt Hotels Corp. | 4.375 | 09-15-28 | 22,000 | 23,993 | |
Hyatt Hotels Corp. | 5.750 | 04-23-30 | 56,000 | 66,601 | |
Marriott International, Inc. | 2.850 | 04-15-31 | 110,000 | 109,685 | |
Marriott International, Inc. | 3.500 | 10-15-32 | 34,000 | 35,472 | |
Marriott International, Inc. | 4.650 | 12-01-28 | 135,000 | 151,914 | |
Resorts World Las Vegas LLC (A) | 4.625 | 04-16-29 | 200,000 | 204,792 | |
Internet and direct marketing retail 1.3% | |||||
eBay, Inc. | 2.700 | 03-11-30 | 90,000 | 92,170 | |
Prosus NV (A) | 4.850 | 07-06-27 | 200,000 | 226,976 | |
Multiline retail 0.2% | |||||
Dollar General Corp. | 3.500 | 04-03-30 | 35,000 | 38,028 | |
Specialty retail 0.1% | |||||
AutoNation, Inc. | 4.750 | 06-01-30 | 25,000 | 29,414 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 13 |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer staples 1.6% | $391,829 | ||||
Beverages 1.0% | |||||
Anheuser-Busch InBev Worldwide, Inc. | 4.600 | 04-15-48 | 149,000 | 172,577 | |
Constellation Brands, Inc. | 3.150 | 08-01-29 | 35,000 | 37,058 | |
Keurig Dr. Pepper, Inc. | 3.200 | 05-01-30 | 30,000 | 31,896 | |
Food and staples retailing 0.3% | |||||
7-Eleven, Inc. (A) | 2.800 | 02-10-51 | 65,000 | 58,103 | |
The Kroger Company | 2.200 | 05-01-30 | 25,000 | 24,806 | |
Food products 0.1% | |||||
Cargill, Inc. (A) | 2.125 | 04-23-30 | 20,000 | 19,877 | |
Household products 0.2% | |||||
The Clorox Company | 1.800 | 05-15-30 | 49,000 | 47,512 | |
Energy 9.9% | 2,410,669 | ||||
Oil, gas and consumable fuels 9.9% | |||||
Aker BP ASA (A) | 4.000 | 01-15-31 | 150,000 | 161,531 | |
Diamondback Energy, Inc. | 3.125 | 03-24-31 | 69,000 | 70,585 | |
Enbridge, Inc. (5.500% to 7-15-27, then 3 month LIBOR + 3.418%) | 5.500 | 07-15-77 | 60,000 | 62,682 | |
Enbridge, Inc. (5.750% to 4-15-30, then 5 Year CMT + 5.314%) | 5.750 | 07-15-80 | 154,000 | 169,015 | |
Enbridge, Inc. (6.250% to 3-1-28, then 3 month LIBOR + 3.641%) | 6.250 | 03-01-78 | 80,000 | 86,904 | |
Energy Transfer LP | 3.900 | 07-15-26 | 28,000 | 30,613 | |
Energy Transfer LP | 5.150 | 03-15-45 | 168,000 | 184,350 | |
Energy Transfer LP | 5.250 | 04-15-29 | 234,000 | 272,588 | |
Energy Transfer LP | 5.400 | 10-01-47 | 60,000 | 68,086 | |
Energy Transfer LP | 5.500 | 06-01-27 | 93,000 | 108,859 | |
Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month LIBOR + 3.033%) | 5.250 | 08-16-77 | 239,000 | 245,570 | |
Kinder Morgan Energy Partners LP | 7.750 | 03-15-32 | 22,000 | 30,654 | |
Kinder Morgan, Inc. | 4.300 | 03-01-28 | 51,000 | 57,676 | |
Midwest Connector Capital Company LLC (A) | 3.900 | 04-01-24 | 70,000 | 73,000 | |
MPLX LP | 4.000 | 03-15-28 | 35,000 | 38,795 | |
MPLX LP | 4.125 | 03-01-27 | 12,000 | 13,445 | |
MPLX LP | 4.250 | 12-01-27 | 50,000 | 56,601 | |
Sabine Pass Liquefaction LLC | 4.200 | 03-15-28 | 105,000 | 117,125 | |
Sabine Pass Liquefaction LLC | 5.000 | 03-15-27 | 75,000 | 86,863 | |
Sabine Pass Liquefaction LLC | 5.875 | 06-30-26 | 124,000 | 147,111 | |
The Williams Companies, Inc. | 3.750 | 06-15-27 | 249,000 | 276,181 | |
TransCanada PipeLines, Ltd. | 4.250 | 05-15-28 | 46,000 | 52,435 | |
Financials 18.8% | 4,599,825 | ||||
Banks 7.4% | |||||
Bank of America Corp. (4.271% to 7-23-28, then 3 month LIBOR + 1.310%) | 4.271 | 07-23-29 | 100,000 | 114,055 | |
Bank of America Corp. (6.300% to 3-10-26, then 3 month LIBOR + 4.553%) (B) | 6.300 | 03-10-26 | 50,000 | 58,015 | |
Barclays PLC | 4.375 | 01-12-26 | 200,000 | 225,156 | |
Citigroup, Inc. (2.561% to 5-1-31, then SOFR + 1.167%) | 2.561 | 05-01-32 | 123,000 | 123,294 | |
Citizens Financial Group, Inc. | 3.250 | 04-30-30 | 115,000 | 123,469 | |
Credit Agricole SA (A) | 3.250 | 01-14-30 | 250,000 | 259,978 | |
JPMorgan Chase & Co. (4.600% to 2-1-25, then SOFR + 3.125%) (B) | 4.600 | 02-01-25 | 75,000 | 76,500 | |
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) (B) | 6.750 | 02-01-24 | 135,000 | 148,399 | |
NatWest Group PLC (3.754% to 11-1-24, then 5 Year CMT + 2.100%) | 3.754 | 11-01-29 | 200,000 | 213,410 | |
Santander Holdings USA, Inc. | 3.244 | 10-05-26 | 105,000 | 112,159 | |
The PNC Financial Services Group, Inc. (4.850% to 6-1-23, then 3 month LIBOR + 3.040%) (B) | 4.850 | 06-01-23 | 43,000 | 45,043 | |
The PNC Financial Services Group, Inc. (6.750% to 8-1-21, then 3 month LIBOR + 3.678%) (B) | 6.750 | 08-01-21 | 58,000 | 58,435 | |
Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) (B) | 5.875 | 06-15-25 | 226,000 | 251,425 | |
Capital markets 3.4% | |||||
Ares Capital Corp. | 2.150 | 07-15-26 | 227,000 | 225,775 | |
Ares Capital Corp. | 3.875 | 01-15-26 | 45,000 | 48,188 | |
Ares Capital Corp. | 4.200 | 06-10-24 | 34,000 | 36,627 | |
Lazard Group LLC | 4.375 | 03-11-29 | 27,000 | 30,369 |
14 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Capital markets (continued) | |||||
Macquarie Bank, Ltd. (A) | 3.624 | 06-03-30 | 200,000 | $208,057 | |
Oaktree Specialty Lending Corp. | 2.700 | 01-15-27 | 186,000 | 186,942 | |
The Goldman Sachs Group, Inc. | 3.850 | 01-26-27 | 83,000 | 92,033 | |
Consumer finance 0.3% | |||||
Discover Financial Services | 4.100 | 02-09-27 | 80,000 | 89,804 | |
Diversified financial services 2.0% | |||||
GE Capital International Funding Company | 4.418 | 11-15-35 | 35,000 | 40,689 | |
Jefferies Group LLC | 4.150 | 01-23-30 | 155,000 | 171,496 | |
Jefferies Group LLC | 4.850 | 01-15-27 | 77,000 | 89,680 | |
Voya Financial, Inc. (5.650% to 5-15-23, then 3 month LIBOR + 3.580%) | 5.650 | 05-15-53 | 170,000 | 180,574 | |
Insurance 5.7% | |||||
Ascot Group, Ltd. (A) | 4.250 | 12-15-30 | 50,000 | 52,734 | |
Athene Holding, Ltd. | 3.500 | 01-15-31 | 218,000 | 229,497 | |
Brighthouse Financial, Inc. | 3.700 | 06-22-27 | 57,000 | 62,354 | |
CNO Financial Group, Inc. | 5.250 | 05-30-29 | 130,000 | 152,291 | |
MetLife, Inc. (6.400% to 12-15-36, then 3 month LIBOR + 2.205%) | 6.400 | 12-15-36 | 34,000 | 43,390 | |
New York Life Insurance Company (A) | 3.750 | 05-15-50 | 24,000 | 25,584 | |
Nippon Life Insurance Company (2.750% to 1-21-31, then 5 Year CMT + 2.653%) (A) | 2.750 | 01-21-51 | 235,000 | 227,363 | |
Prudential Financial, Inc. (3.700% to 7-1-30, then 5 Year CMT + 3.035%) | 3.700 | 10-01-50 | 320,000 | 332,000 | |
Prudential Financial, Inc. (5.875% to 9-15-22, then 3 month LIBOR + 4.175%) | 5.875 | 09-15-42 | 69,000 | 72,750 | |
SBL Holdings, Inc. (A) | 5.000 | 02-18-31 | 105,000 | 113,219 | |
Teachers Insurance & Annuity Association of America (A) | 4.270 | 05-15-47 | 69,000 | 79,071 | |
Health care 7.5% | 1,836,838 | ||||
Biotechnology 1.2% | |||||
AbbVie, Inc. | 3.200 | 11-21-29 | 253,000 | 271,368 | |
AbbVie, Inc. | 4.250 | 11-21-49 | 23,000 | 26,489 | |
Health care providers and services 5.5% | |||||
AmerisourceBergen Corp. | 2.800 | 05-15-30 | 113,000 | 117,032 | |
AmerisourceBergen Corp. | 3.450 | 12-15-27 | 53,000 | 58,180 | |
Cottage Health Obligated Group | 3.304 | 11-01-49 | 62,000 | 64,679 | |
CVS Health Corp. | 2.700 | 08-21-40 | 60,000 | 55,973 | |
CVS Health Corp. | 3.750 | 04-01-30 | 117,000 | 129,609 | |
CVS Health Corp. | 4.300 | 03-25-28 | 85,000 | 97,400 | |
CVS Health Corp. | 5.050 | 03-25-48 | 138,000 | 170,330 | |
Fresenius Medical Care US Finance III, Inc. (A) | 2.375 | 02-16-31 | 225,000 | 216,433 | |
Fresenius Medical Care US Finance III, Inc. (A) | 3.750 | 06-15-29 | 160,000 | 171,096 | |
HCA, Inc. | 4.125 | 06-15-29 | 107,000 | 119,792 | |
Universal Health Services, Inc. (A) | 2.650 | 10-15-30 | 144,000 | 142,324 | |
Pharmaceuticals 0.8% | |||||
Royalty Pharma PLC (A) | 1.750 | 09-02-27 | 25,000 | 24,762 | |
Viatris, Inc. (A) | 2.700 | 06-22-30 | 55,000 | 54,848 | |
Viatris, Inc. (A) | 4.000 | 06-22-50 | 115,000 | 116,523 | |
Industrials 9.9% | 2,422,996 | ||||
Aerospace and defense 3.7% | |||||
BAE Systems PLC (A) | 1.900 | 02-15-31 | 200,000 | 189,503 | |
DAE Funding LLC (A) | 3.375 | 03-20-28 | 200,000 | 200,820 | |
Huntington Ingalls Industries, Inc. | 4.200 | 05-01-30 | 76,000 | 86,043 | |
The Boeing Company | 3.200 | 03-01-29 | 250,000 | 259,580 | |
The Boeing Company | 5.040 | 05-01-27 | 100,000 | 115,282 | |
The Boeing Company | 5.805 | 05-01-50 | 36,000 | 46,301 | |
Airlines 3.1% | |||||
American Airlines 2017-1 Class AA Pass Through Trust | 3.650 | 02-15-29 | 118,335 | 120,998 | |
American Airlines 2017-2 Class A Pass Through Trust | 3.600 | 10-15-29 | 36,856 | 34,368 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 15 |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Airlines (continued) | |||||
American Airlines 2019-1 Class A Pass Through Trust | 3.500 | 02-15-32 | 19,863 | $18,572 | |
American Airlines 2019-1 Class AA Pass Through Trust | 3.150 | 02-15-32 | 30,268 | 30,268 | |
British Airways 2020-1 Class A Pass Through Trust (A) | 4.250 | 11-15-32 | 23,707 | 25,283 | |
JetBlue 2019-1 Class AA Pass Through Trust | 2.750 | 05-15-32 | 32,866 | 33,143 | |
United Airlines 2014-2 Class A Pass Through Trust | 3.750 | 09-03-26 | 101,496 | 107,224 | |
United Airlines 2016-1 Class A Pass Through Trust | 3.450 | 07-07-28 | 121,483 | 124,935 | |
United Airlines 2020-1 Class A Pass Through Trust | 5.875 | 10-15-27 | 173,200 | 190,553 | |
United Airlines 2020-1 Class B Pass Through Trust | 4.875 | 01-15-26 | 48,525 | 51,037 | |
US Airways 2010-1 Class A Pass Through Trust | 6.250 | 04-22-23 | 17,720 | 17,986 | |
Building products 0.2% | |||||
Masco Corp. | 2.000 | 10-01-30 | 40,000 | 38,486 | |
Owens Corning | 3.950 | 08-15-29 | 18,000 | 20,084 | |
Industrial conglomerates 0.8% | |||||
General Electric Company | 4.250 | 05-01-40 | 166,000 | 187,627 | |
Professional services 0.2% | |||||
CoStar Group, Inc. (A) | 2.800 | 07-15-30 | 56,000 | 55,780 | |
Road and rail 0.1% | |||||
Canadian Pacific Railway Company | 2.050 | 03-05-30 | 33,000 | 32,346 | |
Trading companies and distributors 1.8% | |||||
AerCap Ireland Capital DAC | 3.650 | 07-21-27 | 150,000 | 159,385 | |
Air Lease Corp. | 2.875 | 01-15-26 | 40,000 | 41,919 | |
Air Lease Corp. | 3.625 | 12-01-27 | 20,000 | 21,223 | |
Ashtead Capital, Inc. (A) | 4.250 | 11-01-29 | 200,000 | 214,250 | |
Information technology 16.8% | 4,113,007 | ||||
Communications equipment 1.3% | |||||
Motorola Solutions, Inc. | 2.300 | 11-15-30 | 65,000 | 62,889 | |
Motorola Solutions, Inc. | 2.750 | 05-24-31 | 117,000 | 116,749 | |
Motorola Solutions, Inc. | 4.600 | 02-23-28 | 117,000 | 134,075 | |
IT services 0.5% | |||||
PayPal Holdings, Inc. | 2.850 | 10-01-29 | 101,000 | 107,137 | |
Visa, Inc. | 2.700 | 04-15-40 | 25,000 | 24,875 | |
Semiconductors and semiconductor equipment 9.4% | |||||
Broadcom, Inc. (A) | 3.419 | 04-15-33 | 375,000 | 382,429 | |
Broadcom, Inc. | 4.750 | 04-15-29 | 441,000 | 504,403 | |
Broadcom, Inc. | 5.000 | 04-15-30 | 188,000 | 216,999 | |
KLA Corp. | 4.100 | 03-15-29 | 43,000 | 48,885 | |
Lam Research Corp. | 4.000 | 03-15-29 | 115,000 | 131,430 | |
Lam Research Corp. | 4.875 | 03-15-49 | 31,000 | 40,149 | |
Marvell Technology, Inc. (A) | 2.450 | 04-15-28 | 85,000 | 85,551 | |
Marvell Technology, Inc. (A) | 4.875 | 06-22-28 | 46,000 | 52,634 | |
Micron Technology, Inc. | 4.185 | 02-15-27 | 280,000 | 316,141 | |
Micron Technology, Inc. | 5.327 | 02-06-29 | 222,000 | 264,689 | |
NVIDIA Corp. | 2.850 | 04-01-30 | 53,000 | 56,422 | |
NXP BV (A) | 3.400 | 05-01-30 | 60,000 | 64,600 | |
NXP BV (A) | 3.875 | 06-18-26 | 124,000 | 137,802 | |
Software 2.7% | |||||
Autodesk, Inc. | 2.850 | 01-15-30 | 20,000 | 20,843 | |
Microsoft Corp. | 2.525 | 06-01-50 | 281,000 | 261,630 | |
Oracle Corp. | 2.950 | 04-01-30 | 132,000 | 137,431 | |
VMware, Inc. | 4.700 | 05-15-30 | 195,000 | 226,443 | |
Technology hardware, storage and peripherals 2.9% | |||||
Apple, Inc. | 2.650 | 02-08-51 | 210,000 | 196,156 | |
Dell International LLC (A) | 4.900 | 10-01-26 | 100,000 | 114,804 | |
Dell International LLC (A) | 5.300 | 10-01-29 | 253,000 | 299,544 |
16 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Information technology (continued) | |||||
Technology hardware, storage and peripherals (continued) | |||||
Dell International LLC (A) | 8.350 | 07-15-46 | 69,000 | $108,297 | |
Materials 4.5% | 1,108,290 | ||||
Chemicals 1.4% | |||||
Ecolab, Inc. | 4.800 | 03-24-30 | 15,000 | 18,084 | |
International Flavors & Fragrances, Inc. (A) | 1.832 | 10-15-27 | 20,000 | 19,882 | |
International Flavors & Fragrances, Inc. (A) | 2.300 | 11-01-30 | 39,000 | 38,285 | |
Orbia Advance Corp. SAB de CV (A) | 5.500 | 01-15-48 | 200,000 | 228,802 | |
The Sherwin-Williams Company | 2.300 | 05-15-30 | 49,000 | 49,131 | |
Construction materials 0.2% | |||||
Vulcan Materials Company | 3.500 | 06-01-30 | 51,000 | 55,764 | |
Containers and packaging 1.7% | |||||
Berry Global, Inc. (A) | 1.570 | 01-15-26 | 95,000 | 95,015 | |
Colonial Enterprises, Inc. (A) | 3.250 | 05-15-30 | 293,000 | 313,716 | |
Metals and mining 1.0% | |||||
Anglo American Capital PLC (A) | 4.750 | 04-10-27 | 200,000 | 230,534 | |
Newmont Corp. | 2.800 | 10-01-29 | 21,000 | 21,751 | |
Paper and forest products 0.2% | |||||
Georgia-Pacific LLC (A) | 2.300 | 04-30-30 | 37,000 | 37,326 | |
Real estate 6.2% | 1,509,861 | ||||
Equity real estate investment trusts 6.2% | |||||
American Homes 4 Rent LP | 4.250 | 02-15-28 | 37,000 | 41,155 | |
American Tower Corp. | 3.550 | 07-15-27 | 161,000 | 176,164 | |
American Tower Corp. | 3.800 | 08-15-29 | 26,000 | 28,623 | |
Crown Castle International Corp. | 2.250 | 01-15-31 | 93,000 | 89,888 | |
Crown Castle International Corp. | 3.300 | 07-01-30 | 55,000 | 58,381 | |
Crown Castle International Corp. | 3.650 | 09-01-27 | 73,000 | 80,141 | |
Crown Castle International Corp. | 3.800 | 02-15-28 | 51,000 | 56,233 | |
CyrusOne LP | 2.150 | 11-01-30 | 30,000 | 28,199 | |
CyrusOne LP | 3.450 | 11-15-29 | 55,000 | 57,504 | |
Equinix, Inc. | 1.550 | 03-15-28 | 69,000 | 67,138 | |
Equinix, Inc. | 2.500 | 05-15-31 | 221,000 | 220,114 | |
Equinix, Inc. | 3.200 | 11-18-29 | 106,000 | 112,007 | |
GLP Capital LP | 5.375 | 04-15-26 | 80,000 | 91,346 | |
Host Hotels & Resorts LP | 3.375 | 12-15-29 | 230,000 | 234,438 | |
Host Hotels & Resorts LP | 4.500 | 02-01-26 | 30,000 | 33,066 | |
Prologis LP | 2.250 | 04-15-30 | 135,000 | 135,464 | |
Utilities 2.7% | 648,664 | ||||
Electric utilities 1.5% | |||||
Emera US Finance LP | 3.550 | 06-15-26 | 19,000 | 20,763 | |
NRG Energy, Inc. (A) | 2.450 | 12-02-27 | 66,000 | 66,363 | |
NRG Energy, Inc. (A) | 4.450 | 06-15-29 | 60,000 | 65,497 | |
Vistra Operations Company LLC (A) | 3.700 | 01-30-27 | 143,000 | 150,342 | |
Vistra Operations Company LLC (A) | 4.300 | 07-15-29 | 46,000 | 48,795 | |
Gas utilities 0.5% | |||||
Infraestructura Energetica Nova SAB de CV (A) | 4.750 | 01-15-51 | 125,000 | 122,969 | |
Multi-utilities 0.7% | |||||
Dominion Energy, Inc. | 3.375 | 04-01-30 | 35,000 | 37,691 | |
NiSource, Inc. | 1.700 | 02-15-31 | 125,000 | 116,564 | |
NiSource, Inc. | 3.600 | 05-01-30 | 18,000 | 19,680 | |
Municipal bonds 1.6% | $388,594 | ||||
(Cost $393,238) | |||||
Foothill-Eastern Transportation Corridor Agency (California) | 4.094 | 01-15-49 | 30,000 | 31,246 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 17 |
Rate (%) | Maturity date | Par value^ | Value | ||
Maryland Health & Higher Educational Facilities Authority | 3.197 | 07-01-50 | 125,000 | $124,056 | |
New Jersey Transportation Trust Fund Authority | 4.081 | 06-15-39 | 60,000 | 65,817 | |
Ohio Turnpike & Infrastructure Commission | 3.216 | 02-15-48 | 30,000 | 30,216 | |
Regents of the University of California Medical Center Pooled Revenue | 3.006 | 05-15-50 | 140,000 | 137,259 | |
Shares | Value | ||||
Common stocks 0.0% | $4,975 | ||||
(Cost $5,199) | |||||
Utilities 0.0% | 4,975 | ||||
Multi-utilities 0.0% | |||||
Dominion Energy, Inc. | 50 | 4,975 | |||
Preferred securities 0.0% | $3,267 | ||||
(Cost $3,200) | |||||
Utilities 0.0% | 3,267 | ||||
Multi-utilities 0.0% | |||||
DTE Energy Company, 6.250% | 64 | 3,267 |
Total investments (Cost $23,654,107) 97.6% | $23,849,568 | ||||
Other assets and liabilities, net 2.4% | 589,858 | ||||
Total net assets 100.0% | $24,439,426 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the portfolio. | |
^All par values are denominated in U.S. dollars unless otherwise indicated. | |
Security Abbreviations and Legend | |
CMT | Constant Maturity Treasury |
LIBOR | London Interbank Offered Rate |
SOFR | Secured Overnight Financing Rate |
(A) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $6,495,475 or 26.6% of the portfolio's net assets as of 5-31-21. |
(B) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
Rate (%) | Maturity date | Par value^ | Value | ||
Foreign government obligations 0.6% | $126,171 | ||||
(Cost $121,626) | |||||
Argentina 0.6% | 126,171 | ||||
Republic of Argentina Bond (0.125% to 7-9-21, then 2.500% to 7-9-22, then 3.500% to 7-9-29, then 4.875% thereafter) | 0.125 | 07-09-41 | 340,000 | 126,171 | |
Corporate bonds 94.7% | $21,891,291 | ||||
(Cost $21,540,567) | |||||
Communication services 19.0% | 4,396,562 | ||||
Diversified telecommunication services 5.2% | |||||
C&W Senior Financing DAC (A) | 6.875 | 09-15-27 | 200,000 | 213,000 | |
Cincinnati Bell, Inc. (A) | 7.000 | 07-15-24 | 103,000 | 106,090 | |
Connect Finco SARL (A) | 6.750 | 10-01-26 | 90,000 | 93,038 | |
GCI LLC (A) | 4.750 | 10-15-28 | 55,000 | 56,100 | |
Kenbourne Invest SA (A) | 4.700 | 01-22-28 | 200,000 | 201,500 | |
Radiate Holdco LLC (A) | 6.500 | 09-15-28 | 92,000 | 94,530 | |
Switch, Ltd. (A) | 3.750 | 09-15-28 | 14,000 | 13,898 | |
Telecom Argentina SA (A) | 6.500 | 06-15-21 | 8,000 | 7,940 | |
Telecom Argentina SA (A) | 8.000 | 07-18-26 | 46,000 | 41,975 | |
Telecom Italia Capital SA | 7.200 | 07-18-36 | 106,000 | 131,341 | |
Telesat Canada (A) | 5.625 | 12-06-26 | 46,000 | 45,881 | |
Total Play Telecomunicaciones SA de CV (A) | 7.500 | 11-12-25 | 200,000 | 204,250 |
18 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Communication services (continued) | |||||
Entertainment 3.1% | |||||
Lions Gate Capital Holdings LLC (A) | 5.500 | 04-15-29 | 100,000 | $103,574 | |
Live Nation Entertainment, Inc. (A) | 4.750 | 10-15-27 | 113,000 | 115,404 | |
Netflix, Inc. | 4.875 | 04-15-28 | 221,000 | 254,238 | |
Netflix, Inc. (A) | 4.875 | 06-15-30 | 48,000 | 55,320 | |
Netflix, Inc. (A) | 5.375 | 11-15-29 | 20,000 | 23,649 | |
Netflix, Inc. | 5.875 | 11-15-28 | 125,000 | 151,250 | |
Playtika Holding Corp. (A) | 4.250 | 03-15-29 | 15,000 | 14,775 | |
Interactive media and services 0.7% | |||||
ANGI Group LLC (A) | 3.875 | 08-15-28 | 52,000 | 51,090 | |
Match Group Holdings II LLC (A) | 4.125 | 08-01-30 | 43,000 | 42,770 | |
Twitter, Inc. (A) | 3.875 | 12-15-27 | 50,000 | 52,750 | |
Media 6.0% | |||||
Cable One, Inc. (A) | 4.000 | 11-15-30 | 48,000 | 47,400 | |
CCO Holdings LLC (A) | 4.500 | 06-01-33 | 64,000 | 63,859 | |
Charter Communications Operating LLC (B) | 3.900 | 06-01-52 | 84,000 | 80,528 | |
Clear Channel Outdoor Holdings, Inc. (A) | 7.750 | 04-15-28 | 20,000 | 20,489 | |
CSC Holdings LLC | 5.875 | 09-15-22 | 61,000 | 63,898 | |
Globo Comunicacao e Participacoes SA (A) | 4.875 | 01-22-30 | 200,000 | 203,400 | |
LCPR Senior Secured Financing DAC (A) | 6.750 | 10-15-27 | 200,000 | 214,780 | |
MDC Partners, Inc. (A) | 7.500 | 05-01-24 | 120,000 | 122,100 | |
Meredith Corp. | 6.875 | 02-01-26 | 63,000 | 65,802 | |
News Corp. (A) | 3.875 | 05-15-29 | 55,000 | 55,481 | |
Sirius XM Radio, Inc. (A) | 5.000 | 08-01-27 | 87,000 | 90,915 | |
Townsquare Media, Inc. (A) | 6.875 | 02-01-26 | 40,000 | 42,250 | |
Univision Communications, Inc. (A) | 4.500 | 05-01-29 | 200,000 | 202,404 | |
WMG Acquisition Corp. (A) | 3.000 | 02-15-31 | 125,000 | 117,969 | |
Wireless telecommunication services 4.0% | |||||
Oztel Holdings SPC, Ltd. (A) | 6.625 | 04-24-28 | 200,000 | 223,493 | |
SoftBank Group Corp. (6.875% to 7-19-27, then 5 Year ICE Swap Rate + 4.854%) (C) | 6.875 | 07-19-27 | 200,000 | 210,850 | |
Sprint Corp. | 7.875 | 09-15-23 | 82,000 | 92,915 | |
T-Mobile USA, Inc. | 2.875 | 02-15-31 | 112,000 | 108,006 | |
T-Mobile USA, Inc. | 3.375 | 04-15-29 | 125,000 | 127,201 | |
Vodafone Group PLC (7.000% to 1-4-29, then 5 Year U.S. Swap Rate + 4.873%) | 7.000 | 04-04-79 | 140,000 | 168,459 | |
Consumer discretionary 14.0% | 3,241,052 | ||||
Auto components 0.3% | |||||
Dealer Tire LLC (A) | 8.000 | 02-01-28 | 39,000 | 41,194 | |
LCM Investments Holdings II LLC (A) | 4.875 | 05-01-29 | 21,000 | 21,566 | |
Automobiles 3.7% | |||||
Ford Motor Credit Company LLC | 4.000 | 11-13-30 | 200,000 | 203,988 | |
Ford Motor Credit Company LLC | 4.125 | 08-17-27 | 200,000 | 209,000 | |
Ford Motor Credit Company LLC | 4.134 | 08-04-25 | 200,000 | 211,979 | |
Ford Motor Credit Company LLC | 5.113 | 05-03-29 | 200,000 | 219,294 | |
Diversified consumer services 1.4% | |||||
Laureate Education, Inc. (A) | 8.250 | 05-01-25 | 17,000 | 17,700 | |
Service Corp. International | 3.375 | 08-15-30 | 28,000 | 27,193 | |
Service Corp. International | 4.000 | 05-15-31 | 88,000 | 89,602 | |
Sotheby's (A) | 7.375 | 10-15-27 | 75,000 | 80,250 | |
StoneMor, Inc. (A) | 8.500 | 05-15-29 | 120,000 | 118,411 | |
Hotels, restaurants and leisure 5.9% | |||||
Affinity Gaming (A) | 6.875 | 12-15-27 | 35,000 | 37,177 | |
Bally's Corp. (A) | 6.750 | 06-01-27 | 123,000 | 130,802 | |
Caesars Resort Collection LLC (A) | 5.750 | 07-01-25 | 25,000 | 26,219 | |
CCM Merger, Inc. (A) | 6.375 | 05-01-26 | 26,000 | 27,378 | |
Dave & Buster's, Inc. (A) | 7.625 | 11-01-25 | 10,000 | 10,650 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 19 |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary (continued) | |||||
Hotels, restaurants and leisure (continued) | |||||
Hilton Domestic Operating Company, Inc. (A) | 3.625 | 02-15-32 | 55,000 | $53,822 | |
Hilton Domestic Operating Company, Inc. (A) | 4.000 | 05-01-31 | 70,000 | 70,594 | |
Hilton Domestic Operating Company, Inc. | 4.875 | 01-15-30 | 83,000 | 88,320 | |
Hilton Domestic Operating Company, Inc. (A) | 5.750 | 05-01-28 | 15,000 | 16,144 | |
International Game Technology PLC (A) | 6.500 | 02-15-25 | 75,000 | 83,090 | |
Jacobs Entertainment, Inc. (A) | 7.875 | 02-01-24 | 64,000 | 66,800 | |
Life Time, Inc. (A) | 8.000 | 04-15-26 | 45,000 | 47,475 | |
MGM Resorts International | 4.750 | 10-15-28 | 125,000 | 131,875 | |
Midwest Gaming Borrower LLC (A) | 4.875 | 05-01-29 | 72,000 | 72,119 | |
Mohegan Gaming & Entertainment (A) | 8.000 | 02-01-26 | 83,000 | 84,868 | |
New Red Finance, Inc. (A) | 4.000 | 10-15-30 | 171,000 | 165,656 | |
Travel + Leisure Company (A) | 4.625 | 03-01-30 | 33,000 | 33,990 | |
Travel + Leisure Company | 6.600 | 10-01-25 | 29,000 | 32,661 | |
Wyndham Hotels & Resorts, Inc. (A) | 4.375 | 08-15-28 | 40,000 | 40,900 | |
Yum! Brands, Inc. | 3.625 | 03-15-31 | 50,000 | 49,375 | |
Yum! Brands, Inc. (A) | 4.750 | 01-15-30 | 92,000 | 98,396 | |
Household durables 1.2% | |||||
Brookfield Residential Properties, Inc. (A) | 5.000 | 06-15-29 | 56,000 | 56,140 | |
Century Communities, Inc. | 6.750 | 06-01-27 | 57,000 | 61,332 | |
Empire Communities Corp. (A) | 7.000 | 12-15-25 | 10,000 | 10,563 | |
KB Home (B) | 4.000 | 06-15-31 | 91,000 | 91,000 | |
MDC Holdings, Inc. | 2.500 | 01-15-31 | 50,000 | 48,532 | |
Toll Brothers Finance Corp. | 3.800 | 11-01-29 | 20,000 | 21,300 | |
Internet and direct marketing retail 0.6% | |||||
QVC, Inc. | 4.375 | 03-15-23 | 75,000 | 78,716 | |
QVC, Inc. | 5.450 | 08-15-34 | 60,000 | 60,900 | |
Multiline retail 0.2% | |||||
Macy's Retail Holdings LLC (A) | 5.875 | 04-01-29 | 17,000 | 18,108 | |
Macy's, Inc. (A) | 8.375 | 06-15-25 | 20,000 | 22,100 | |
Specialty retail 0.4% | |||||
Asbury Automotive Group, Inc. | 4.750 | 03-01-30 | 50,000 | 52,250 | |
Group 1 Automotive, Inc. (A) | 4.000 | 08-15-28 | 10,000 | 10,063 | |
Ken Garff Automotive LLC (A) | 4.875 | 09-15-28 | 30,000 | 29,850 | |
Specialty Building Products Holdings LLC (A) | 6.375 | 09-30-26 | 7,000 | 7,280 | |
Textiles, apparel and luxury goods 0.3% | |||||
Hanesbrands, Inc. (A) | 5.375 | 05-15-25 | 48,000 | 50,644 | |
Levi Strauss & Company (A) | 3.500 | 03-01-31 | 14,000 | 13,786 | |
Consumer staples 6.6% | 1,533,849 | ||||
Food and staples retailing 1.9% | |||||
Advantage Sales & Marketing, Inc. (A) | 6.500 | 11-15-28 | 180,000 | 190,800 | |
Albertsons Companies, Inc. (A) | 3.250 | 03-15-26 | 25,000 | 25,156 | |
Albertsons Companies, Inc. (A) | 3.500 | 03-15-29 | 101,000 | 96,859 | |
Albertsons Companies, Inc. (A) | 4.875 | 02-15-30 | 47,000 | 48,983 | |
U.S. Foods, Inc. (A) | 4.750 | 02-15-29 | 79,000 | 78,803 | |
Food products 3.1% | |||||
BRF SA (A) | 5.750 | 09-21-50 | 200,000 | 199,476 | |
Kraft Heinz Foods Company | 4.375 | 06-01-46 | 125,000 | 134,043 | |
Kraft Heinz Foods Company | 4.875 | 10-01-49 | 17,000 | 19,495 | |
Kraft Heinz Foods Company | 5.000 | 06-04-42 | 25,000 | 29,044 | |
Kraft Heinz Foods Company | 5.500 | 06-01-50 | 35,000 | 43,477 | |
NBM US Holdings, Inc. (A) | 6.625 | 08-06-29 | 200,000 | 224,250 | |
Post Holdings, Inc. (A) | 5.500 | 12-15-29 | 65,000 | 69,425 | |
Simmons Foods, Inc. (A) | 4.625 | 03-01-29 | 10,000 | 10,125 |
20 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer staples (continued) | |||||
Household products 0.7% | |||||
Edgewell Personal Care Company (A) | 4.125 | 04-01-29 | 80,000 | $80,100 | |
Edgewell Personal Care Company (A) | 5.500 | 06-01-28 | 77,000 | 81,813 | |
Personal products 0.9% | |||||
Oriflame Investment Holding PLC (A) | 5.125 | 05-04-26 | 200,000 | 202,000 | |
Energy 8.4% | 1,949,524 | ||||
Energy equipment and services 0.8% | |||||
CSI Compressco LP (A) | 7.500 | 04-01-25 | 88,000 | 88,440 | |
CSI Compressco LP (A) | 7.500 | 04-01-25 | 27,000 | 27,135 | |
CSI Compressco LP (10.000% Cash or 7.250% Cash and 2.750% PIK) (A) | 10.000 | 04-01-26 | 88,431 | 80,472 | |
Oil, gas and consumable fuels 7.6% | |||||
Altera Infrastructure LP (A) | 8.500 | 07-15-23 | 72,000 | 65,444 | |
Antero Midstream Partners LP (A) | 5.375 | 06-15-29 | 80,000 | 80,996 | |
Antero Resources Corp. | 5.000 | 03-01-25 | 67,000 | 68,615 | |
Cheniere Energy Partners LP (A) | 4.000 | 03-01-31 | 157,000 | 162,055 | |
Cheniere Energy Partners LP | 4.500 | 10-01-29 | 140,000 | 148,050 | |
DCP Midstream Operating LP (5.850% to 5-21-23, then 3 month LIBOR + 3.850%) (A) | 5.850 | 05-21-43 | 41,000 | 37,515 | |
Energean Israel Finance, Ltd. (A) | 5.375 | 03-30-28 | 25,000 | 25,901 | |
Energean Israel Finance, Ltd. (A) | 5.875 | 03-30-31 | 45,000 | 46,600 | |
EQT Corp. (A) | 3.125 | 05-15-26 | 41,000 | 41,809 | |
EQT Corp. (A) | 3.625 | 05-15-31 | 19,000 | 19,569 | |
Leviathan Bond, Ltd. (A) | 6.500 | 06-30-27 | 108,000 | 120,000 | |
Leviathan Bond, Ltd. (A) | 6.750 | 06-30-30 | 16,000 | 17,974 | |
MPLX LP (6.875% to 2-15-23, then 3 month LIBOR + 4.652%) (C) | 6.875 | 02-15-23 | 239,000 | 240,793 | |
New Fortress Energy, Inc. (A) | 6.500 | 09-30-26 | 110,000 | 110,688 | |
Occidental Petroleum Corp. | 2.900 | 08-15-24 | 48,000 | 47,880 | |
Occidental Petroleum Corp. | 3.500 | 08-15-29 | 46,000 | 43,125 | |
Parkland Corp. (A) | 4.500 | 10-01-29 | 53,000 | 53,795 | |
Petrobras Global Finance BV | 5.093 | 01-15-30 | 119,000 | 127,449 | |
Petrobras Global Finance BV | 6.900 | 03-19-49 | 38,000 | 44,308 | |
Sunoco LP (A) | 4.500 | 05-15-29 | 20,000 | 19,871 | |
Targa Resources Partners LP (A) | 4.000 | 01-15-32 | 233,000 | 231,040 | |
Financials 8.0% | 1,845,174 | ||||
Banks 5.3% | |||||
Citigroup, Inc. (4.700% to 1-30-25, then SOFR + 3.234%) (C) | 4.700 | 01-30-25 | 250,000 | 256,862 | |
Citigroup, Inc. (6.250% to 8-15-26, then 3 month LIBOR + 4.517%) (C) | 6.250 | 08-15-26 | 134,000 | 155,608 | |
Fifth Third Bancorp (5.100% to 6-30-23, then 3 month LIBOR + 3.033%) (C) | 5.100 | 06-30-23 | 67,000 | 68,340 | |
Freedom Mortgage Corp. (A) | 8.125 | 11-15-24 | 71,000 | 72,828 | |
Freedom Mortgage Corp. (A) | 8.250 | 04-15-25 | 30,000 | 31,200 | |
ING Groep NV (6.500% to 4-16-25, then 5 Year U.S. Swap Rate + 4.446%) (C) | 6.500 | 04-16-25 | 200,000 | 222,380 | |
NatWest Group PLC (8.625% to 8-15-21, then 5 Year U.S. Swap Rate + 7.598%) (C) | 8.625 | 08-15-21 | 200,000 | 202,064 | |
Societe Generale SA (5.375% to 11-18-30, then 5 Year CMT + 4.514%) (A)(C) | 5.375 | 11-18-30 | 200,000 | 208,750 | |
Capital markets 0.5% | |||||
MSCI, Inc. (A) | 3.625 | 11-01-31 | 107,000 | 107,866 | |
Consumer finance 1.1% | |||||
Enova International, Inc. (A) | 8.500 | 09-01-24 | 1,000 | 1,023 | |
Enova International, Inc. (A) | 8.500 | 09-15-25 | 119,000 | 123,463 | |
OneMain Finance Corp. | 6.875 | 03-15-25 | 81,000 | 91,530 | |
OneMain Finance Corp. | 8.875 | 06-01-25 | 40,000 | 44,050 | |
Diversified financial services 0.2% | |||||
Brightstar Escrow Corp. (A) | 9.750 | 10-15-25 | 54,000 | 58,590 | |
Thrifts and mortgage finance 0.9% | |||||
Nationstar Mortgage Holdings, Inc. (A) | 5.125 | 12-15-30 | 40,000 | 38,600 | |
Nationstar Mortgage Holdings, Inc. (A) | 5.500 | 08-15-28 | 97,000 | 96,030 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 21 |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Thrifts and mortgage finance (continued) | |||||
Nationstar Mortgage Holdings, Inc. (A) | 6.000 | 01-15-27 | 20,000 | $20,625 | |
Radian Group, Inc. | 4.500 | 10-01-24 | 43,000 | 45,365 | |
Health care 6.8% | 1,576,998 | ||||
Health care equipment and supplies 0.3% | |||||
Varex Imaging Corp. (A) | 7.875 | 10-15-27 | 58,000 | 65,540 | |
Health care providers and services 4.4% | |||||
Centene Corp. | 2.500 | 03-01-31 | 105,000 | 100,590 | |
Centene Corp. | 3.000 | 10-15-30 | 149,000 | 149,000 | |
Centene Corp. | 3.375 | 02-15-30 | 30,000 | 30,300 | |
Centene Corp. | 4.250 | 12-15-27 | 25,000 | 26,250 | |
Centene Corp. | 4.625 | 12-15-29 | 35,000 | 37,780 | |
Centene Corp. (A) | 5.375 | 06-01-26 | 77,000 | 80,211 | |
DaVita, Inc. (A) | 3.750 | 02-15-31 | 98,000 | 93,958 | |
DaVita, Inc. (A) | 4.625 | 06-01-30 | 100,000 | 101,989 | |
Encompass Health Corp. | 4.500 | 02-01-28 | 29,000 | 29,943 | |
Encompass Health Corp. | 4.625 | 04-01-31 | 29,000 | 30,760 | |
MEDNAX, Inc. (A) | 6.250 | 01-15-27 | 72,000 | 76,217 | |
Rede D'or Finance Sarl (A) | 4.500 | 01-22-30 | 200,000 | 202,102 | |
Select Medical Corp. (A) | 6.250 | 08-15-26 | 56,000 | 59,045 | |
Life sciences tools and services 0.0% | |||||
Charles River Laboratories International, Inc. (A) | 4.250 | 05-01-28 | 15,000 | 15,394 | |
Pharmaceuticals 2.1% | |||||
Bausch Health Companies, Inc. (A) | 5.250 | 01-30-30 | 36,000 | 33,165 | |
Bausch Health Companies, Inc. (A) | 6.125 | 04-15-25 | 85,000 | 86,933 | |
Bausch Health Companies, Inc. (A) | 6.250 | 02-15-29 | 120,000 | 117,300 | |
Catalent Pharma Solutions, Inc. (A) | 3.125 | 02-15-29 | 15,000 | 14,435 | |
Catalent Pharma Solutions, Inc. (A) | 5.000 | 07-15-27 | 20,000 | 20,860 | |
Organon Finance 1 LLC (A) | 5.125 | 04-30-31 | 200,000 | 205,226 | |
Industrials 14.3% | 3,301,408 | ||||
Aerospace and defense 1.6% | |||||
Howmet Aerospace, Inc. | 5.125 | 10-01-24 | 98,000 | 107,192 | |
Kratos Defense & Security Solutions, Inc. (A) | 6.500 | 11-30-25 | 61,000 | 63,669 | |
TransDigm, Inc. | 5.500 | 11-15-27 | 190,000 | 198,075 | |
Air freight and logistics 0.2% | |||||
Watco Companies LLC (A) | 6.500 | 06-15-27 | 21,000 | 22,208 | |
XPO Logistics, Inc. (A) | 6.250 | 05-01-25 | 10,000 | 10,693 | |
Airlines 3.6% | |||||
American Airlines 2015-1 Class A Pass Through Trust | 3.375 | 05-01-27 | 165,588 | 161,448 | |
American Airlines 2016-1 Class A Pass Through Trust | 4.100 | 01-15-28 | 82,489 | 81,046 | |
American Airlines 2019-1 Class A Pass Through Trust | 3.500 | 02-15-32 | 87,965 | 82,247 | |
Delta Air Lines, Inc. | 2.900 | 10-28-24 | 175,000 | 177,431 | |
Delta Air Lines, Inc. | 3.800 | 04-19-23 | 75,000 | 77,604 | |
Delta Air Lines, Inc. | 4.375 | 04-19-28 | 160,000 | 168,261 | |
United Airlines 2016-1 Class B Pass Through Trust | 3.650 | 01-07-26 | 55,729 | 54,754 | |
United Airlines, Inc. (A) | 4.375 | 04-15-26 | 9,000 | 9,326 | |
United Airlines, Inc. (A) | 4.625 | 04-15-29 | 22,000 | 22,729 | |
Building products 0.2% | |||||
Builders FirstSource, Inc. (A) | 5.000 | 03-01-30 | 35,000 | 36,448 | |
Builders FirstSource, Inc. (A) | 6.750 | 06-01-27 | 10,000 | 10,700 | |
Commercial services and supplies 2.8% | |||||
APX Group, Inc. | 7.625 | 09-01-23 | 75,000 | 77,250 | |
Cimpress PLC (A) | 7.000 | 06-15-26 | 150,000 | 157,313 | |
Clean Harbors, Inc. (A) | 4.875 | 07-15-27 | 91,000 | 95,664 |
22 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Commercial services and supplies (continued) | |||||
GFL Environmental, Inc. (A) | 3.500 | 09-01-28 | 75,000 | $73,004 | |
Graphic Packaging International LLC (A) | 3.500 | 03-01-29 | 95,000 | 91,913 | |
Legends Hospitality Holding Company LLC (A) | 5.000 | 02-01-26 | 15,000 | 15,525 | |
LSC Communications, Inc. (A)(D) | 8.750 | 10-15-23 | 80,000 | 2,400 | |
Prime Security Services Borrower LLC (A) | 3.375 | 08-31-27 | 12,000 | 11,517 | |
Prime Security Services Borrower LLC (A) | 6.250 | 01-15-28 | 94,000 | 97,243 | |
Stericycle, Inc. (A) | 3.875 | 01-15-29 | 15,000 | 14,963 | |
Williams Scotsman International, Inc. (A) | 4.625 | 08-15-28 | 14,000 | 14,373 | |
Construction and engineering 1.2% | |||||
AECOM | 5.125 | 03-15-27 | 121,000 | 133,856 | |
MasTec, Inc. (A) | 4.500 | 08-15-28 | 61,000 | 63,669 | |
Picasso Finance Sub, Inc. (A) | 6.125 | 06-15-25 | 5,000 | 5,275 | |
Tutor Perini Corp. (A) | 6.875 | 05-01-25 | 68,000 | 70,395 | |
Electrical equipment 0.1% | |||||
Atkore, Inc. (A) | 4.250 | 06-01-31 | 33,000 | 32,726 | |
Machinery 1.3% | |||||
ATS Automation Tooling Systems, Inc. (A) | 4.125 | 12-15-28 | 10,000 | 10,041 | |
Hillenbrand, Inc. | 3.750 | 03-01-31 | 69,000 | 68,310 | |
JB Poindexter & Company, Inc. (A) | 7.125 | 04-15-26 | 22,000 | 23,238 | |
Vertical U.S. Newco, Inc. (A) | 5.250 | 07-15-27 | 200,000 | 208,000 | |
Professional services 0.6% | |||||
IHS Markit, Ltd. | 4.750 | 08-01-28 | 70,000 | 81,550 | |
TriNet Group, Inc. (A) | 3.500 | 03-01-29 | 50,000 | 48,625 | |
Road and rail 0.9% | |||||
Uber Technologies, Inc. (A) | 7.500 | 05-15-25 | 120,000 | 129,540 | |
Uber Technologies, Inc. (A) | 7.500 | 09-15-27 | 79,000 | 86,505 | |
Trading companies and distributors 1.8% | |||||
Ahern Rentals, Inc. (A) | 7.375 | 05-15-23 | 51,000 | 46,155 | |
Alta Equipment Group, Inc. (A) | 5.625 | 04-15-26 | 15,000 | 15,413 | |
Beacon Roofing Supply, Inc. (A) | 4.125 | 05-15-29 | 60,000 | 59,175 | |
Boise Cascade Company (A) | 4.875 | 07-01-30 | 10,000 | 10,575 | |
H&E Equipment Services, Inc. (A) | 3.875 | 12-15-28 | 65,000 | 62,867 | |
United Rentals North America, Inc. | 3.875 | 11-15-27 | 45,000 | 47,304 | |
United Rentals North America, Inc. | 3.875 | 02-15-31 | 31,000 | 31,155 | |
United Rentals North America, Inc. | 4.875 | 01-15-28 | 125,000 | 132,038 | |
Information technology 2.5% | 570,071 | ||||
IT services 0.8% | |||||
Gartner, Inc. (A) | 3.750 | 10-01-30 | 14,000 | 14,053 | |
Gartner, Inc. (A) | 4.500 | 07-01-28 | 15,000 | 15,788 | |
Sabre GLBL, Inc. (A) | 7.375 | 09-01-25 | 48,000 | 51,720 | |
Square, Inc. (A) | 2.750 | 06-01-26 | 34,000 | 34,275 | |
Square, Inc. (A) | 3.500 | 06-01-31 | 46,000 | 45,997 | |
Tempo Acquisition LLC (A) | 6.750 | 06-01-25 | 20,000 | 20,362 | |
Semiconductors and semiconductor equipment 0.2% | |||||
Qorvo, Inc. (A) | 3.375 | 04-01-31 | 38,000 | 38,741 | |
Software 0.4% | |||||
Crowdstrike Holdings, Inc. | 3.000 | 02-15-29 | 11,000 | 10,794 | |
j2 Global, Inc. (A) | 4.625 | 10-15-30 | 66,000 | 67,485 | |
PTC, Inc. (A) | 4.000 | 02-15-28 | 11,000 | 11,246 | |
Technology hardware, storage and peripherals 1.1% | |||||
Atento Luxco 1 SA (A) | 8.000 | 02-10-26 | 55,000 | 59,815 | |
CDW LLC | 3.250 | 02-15-29 | 30,000 | 30,465 | |
Xerox Holdings Corp. (A) | 5.500 | 08-15-28 | 164,000 | 169,330 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 23 |
Rate (%) | Maturity date | Par value^ | Value | ||
Materials 10.9% | $2,520,477 | ||||
Chemicals 4.3% | |||||
Braskem Netherlands Finance BV (8.500% to 10-24-25, then 5 Year CMT + 8.220%) (A) | 8.500 | 01-23-81 | 200,000 | 232,252 | |
Cydsa SAB de CV (A) | 6.250 | 10-04-27 | 200,000 | 210,360 | |
Methanex Corp. | 4.250 | 12-01-24 | 45,000 | 47,138 | |
Sasol Financing USA LLC | 5.500 | 03-18-31 | 200,000 | 209,040 | |
Trinseo Materials Operating SCA (A) | 5.125 | 04-01-29 | 54,000 | 55,285 | |
Tronox, Inc. (A) | 4.625 | 03-15-29 | 100,000 | 102,430 | |
Valvoline, Inc. (A) | 3.625 | 06-15-31 | 115,000 | 111,778 | |
WR Grace & Company (A) | 4.875 | 06-15-27 | 35,000 | 36,838 | |
Construction materials 1.2% | |||||
Cemex SAB de CV (A) | 7.375 | 06-05-27 | 200,000 | 225,202 | |
Standard Industries, Inc. (A) | 3.375 | 01-15-31 | 28,000 | 26,560 | |
Standard Industries, Inc. (A) | 5.000 | 02-15-27 | 12,000 | 12,422 | |
U.S. Concrete, Inc. (A) | 5.125 | 03-01-29 | 27,000 | 27,608 | |
Containers and packaging 1.7% | |||||
Ardagh Packaging Finance PLC (A) | 6.000 | 02-15-25 | 200,000 | 206,040 | |
Graham Packaging Company, Inc. (A) | 7.125 | 08-15-28 | 5,000 | 5,335 | |
Owens-Brockway Glass Container, Inc. (A) | 6.625 | 05-13-27 | 53,000 | 57,571 | |
Reynolds Group Issuer, Inc. (A) | 4.000 | 10-15-27 | 95,000 | 93,338 | |
Trident TPI Holdings, Inc. (A) | 6.625 | 11-01-25 | 22,000 | 22,440 | |
Metals and mining 3.5% | |||||
Arconic Corp. (A) | 6.000 | 05-15-25 | 15,000 | 16,017 | |
Arconic Corp. (A) | 6.125 | 02-15-28 | 91,000 | 96,858 | |
Commercial Metals Company | 5.375 | 07-15-27 | 27,000 | 28,485 | |
First Quantum Minerals, Ltd. (A) | 6.875 | 10-15-27 | 200,000 | 218,250 | |
FMG Resources August 2006 Pty, Ltd. (A) | 4.375 | 04-01-31 | 75,000 | 78,360 | |
Freeport-McMoRan, Inc. | 4.625 | 08-01-30 | 110,000 | 120,725 | |
Freeport-McMoRan, Inc. | 5.450 | 03-15-43 | 56,000 | 67,620 | |
Hudbay Minerals, Inc. (A) | 4.500 | 04-01-26 | 16,000 | 15,878 | |
JW Aluminum Continuous Cast Company (A) | 10.250 | 06-01-26 | 15,000 | 15,750 | |
Novelis Corp. (A) | 4.750 | 01-30-30 | 122,000 | 128,100 | |
Volcan Cia Minera SAA (A) | 4.375 | 02-11-26 | 15,000 | 14,640 | |
Paper and forest products 0.2% | |||||
Norbord, Inc. (A) | 6.250 | 04-15-23 | 35,000 | 38,157 | |
Real estate 2.4% | 546,154 | ||||
Equity real estate investment trusts 2.4% | |||||
Iron Mountain, Inc. (A) | 4.875 | 09-15-29 | 88,000 | 90,200 | |
Iron Mountain, Inc. (A) | 5.250 | 07-15-30 | 66,000 | 68,914 | |
MGM Growth Properties Operating Partnership LP (A) | 3.875 | 02-15-29 | 68,000 | 68,788 | |
RHP Hotel Properties LP (A) | 4.500 | 02-15-29 | 81,000 | 80,595 | |
SBA Communications Corp. | 3.875 | 02-15-27 | 67,000 | 68,508 | |
Uniti Group LP (A) | 6.500 | 02-15-29 | 30,000 | 29,700 | |
VICI Properties LP (A) | 4.125 | 08-15-30 | 40,000 | 40,616 | |
VICI Properties LP (A) | 4.625 | 12-01-29 | 95,000 | 98,833 | |
Utilities 1.8% | 410,022 | ||||
Electric utilities 0.5% | |||||
FirstEnergy Corp. | 2.650 | 03-01-30 | 65,000 | 63,050 | |
NRG Energy, Inc. (A) | 3.375 | 02-15-29 | 14,000 | 13,503 | |
NRG Energy, Inc. (A) | 3.625 | 02-15-31 | 35,000 | 33,556 | |
Gas utilities 0.6% | |||||
AmeriGas Partners LP | 5.500 | 05-20-25 | 60,000 | 65,925 | |
Suburban Propane Partners LP (A) | 5.000 | 06-01-31 | 65,000 | 65,680 | |
Independent power and renewable electricity producers 0.7% | |||||
DPL, Inc. | 4.125 | 07-01-25 | 60,000 | 64,125 |
24 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Utilities (continued) | |||||
Independent power and renewable electricity producers (continued) | |||||
NextEra Energy Operating Partners LP (A) | 3.875 | 10-15-26 | 60,000 | $62,854 | |
NextEra Energy Operating Partners LP (A) | 4.500 | 09-15-27 | 38,000 | 41,329 | |
Term loans (E) 0.5% | $109,450 | ||||
(Cost $109,588) | |||||
Industrials 0.5% | 109,450 | ||||
Professional services 0.5% | |||||
CoreLogic, Inc., Term Loan (F) | TBD | 04-13-28 | 110,000 | 109,450 | |
Shares | Value | ||||
Preferred securities 0.6% | $144,628 | ||||
(Cost $116,195) | |||||
Communication services 0.2% | 48,813 | ||||
Wireless telecommunication services 0.2% | |||||
Telephone & Data Systems, Inc., 6.625% | 1,775 | 48,813 | |||
Information technology 0.4% | 95,815 | ||||
Semiconductors and semiconductor equipment 0.4% | |||||
Broadcom, Inc., 8.000% | 63 | 95,815 |
Total investments (Cost $21,887,976) 96.4% | $22,271,540 | ||||
Other assets and liabilities, net 3.6% | 841,553 | ||||
Total net assets 100.0% | $23,113,093 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the portfolio. | |
^All par values are denominated in U.S. dollars unless otherwise indicated. | |
Security Abbreviations and Legend | |
CMT | Constant Maturity Treasury |
ICE | Intercontinental Exchange |
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 |
(A) | 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 $13,866,989 or 60.0% of the portfolio's net assets as of 5-31-21. |
(B) | Security purchased or sold on a when-issued or delayed delivery basis. |
(C) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
(D) | Non-income producing - Issuer is in default. |
(E) | Term loans are variable rate obligations. The coupon rate shown represents the rate at period end. |
(F) | 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). |
Rate (%) | Maturity date | Par value^ | Value | ||
Collateralized mortgage obligations 29.2% | $7,174,908 | ||||
(Cost $7,168,747) | |||||
Commercial and residential 23.8% | 5,852,093 | ||||
Angel Oak Mortgage Trust | |||||
Series 2020-R1, Class A1 (A)(B) | 0.990 | 04-25-53 | 82,593 | 82,702 | |
BAMLL Commercial Mortgage Securities Trust | |||||
Series 2015-200P, Class A (A) | 3.218 | 04-14-33 | 100,000 | 107,056 | |
Series 2015-200P, Class C (A)(B) | 3.596 | 04-14-33 | 115,000 | 122,683 | |
BBCMS Trust | |||||
Series 2015-SRCH, Class D (A)(B) | 4.957 | 08-10-35 | 100,000 | 111,736 | |
Benchmark Mortgage Trust | |||||
Series 2018-B1, Class A2 | 3.571 | 01-15-51 | 115,000 | 119,048 | |
Series 2019-B12, Class A2 | 3.001 | 08-15-52 | 100,000 | 105,291 | |
Bunker Hill Loan Depositary Trust | |||||
Series 2019-2, Class A1 (A) | 2.879 | 07-25-49 | 48,833 | 49,851 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 25 |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
BX Commercial Mortgage Trust | |||||
Series 2018-BIOA, Class D (1 month LIBOR + 1.321%) (A)(C) | 1.427 | 03-15-37 | 215,000 | $215,341 | |
Series 2020-VKNG, Class A (1 month LIBOR + 0.930%) (A)(C) | 1.036 | 10-15-37 | 134,000 | 134,334 | |
BX Trust | |||||
Series 2021-MFM1, Class D (1 month LIBOR + 1.500%) (A)(C) | 1.606 | 01-15-34 | 20,000 | 20,000 | |
CAMB Commercial Mortgage Trust | |||||
Series 2019-LIFE, Class D (1 month LIBOR + 1.750%) (A)(C) | 1.856 | 12-15-37 | 115,000 | 115,102 | |
Citigroup Commercial Mortgage Trust | |||||
Series 2019-PRM, Class A (A) | 3.341 | 05-10-36 | 115,000 | 121,946 | |
Series 2019-SMRT, Class A (A) | 4.149 | 01-10-36 | 150,000 | 161,674 | |
Series 2020-GC46, Class A2 | 2.708 | 02-15-53 | 185,000 | 193,584 | |
COLT Mortgage Loan Trust | |||||
Series 2020-1, Class A1 (A)(B) | 2.488 | 02-25-50 | 44,309 | 44,649 | |
Series 2020-2, Class A1 (A)(B) | 1.853 | 03-25-65 | 70,583 | 71,120 | |
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) | |||||
Series 2020-CX, Class D (A)(B) | 2.683 | 11-10-46 | 100,000 | 98,247 | |
Credit Suisse Mortgage Capital Certificates | |||||
Series 2019-AFC1, Class A1 (A) | 2.573 | 07-25-49 | 52,697 | 53,563 | |
Series 2019-ICE4, Class D (1 month LIBOR + 1.600%) (A)(C) | 1.706 | 05-15-36 | 125,000 | 125,201 | |
Series 2020-AFC1, Class A1 (A)(B) | 2.240 | 02-25-50 | 62,734 | 63,680 | |
Series 2021-AFC1, Class A1 (A)(B) | 0.830 | 03-25-56 | 383,685 | 383,514 | |
Series 2021-NQM2, Class A1 (A)(B) | 1.179 | 02-25-66 | 113,165 | 113,400 | |
Series 2021-RPL2, Class A1A (A)(B) | 1.115 | 01-25-60 | 166,435 | 165,081 | |
DBJPM Mortgage Trust | |||||
Series 2020-C9, Class A2 | 1.900 | 09-15-53 | 95,000 | 97,569 | |
Ellington Financial Mortgage Trust | |||||
Series 2019-2, Class A1 (A)(B) | 2.739 | 11-25-59 | 107,969 | 110,081 | |
Series 2020-2, Class A1 (A)(B) | 1.178 | 10-25-65 | 70,981 | 71,067 | |
Series 2021-1, Class A1 (A)(B) | 0.797 | 02-25-66 | 89,025 | 89,061 | |
Flagstar Mortgage Trust | |||||
Series 2021-1, Class A2 (A)(B) | 2.500 | 02-01-51 | 144,929 | 147,324 | |
GCAT Trust | |||||
Series 2019-NQM1, Class A1 (A) | 2.985 | 02-25-59 | 44,875 | 45,094 | |
Series 2021-NQM2, Class A1 (A)(B) | 1.036 | 05-25-66 | 100,000 | 99,998 | |
GS Mortgage Securities Trust | |||||
Series 2013-GC12, Class A3 | 2.860 | 06-10-46 | 80,000 | 82,381 | |
Series 2015-590M, Class C (A)(B) | 3.805 | 10-10-35 | 115,000 | 119,876 | |
GS Mortgage-Backed Securities Trust | |||||
Series 2021-NQM1, Class A1 (A)(B) | 1.017 | 07-25-61 | 141,768 | 141,914 | |
Irvine Core Office Trust | |||||
Series 2013-IRV, Class A2 (A)(B) | 3.174 | 05-15-48 | 115,000 | 120,469 | |
KNDL Mortgage Trust | |||||
Series 2019-KNSQ, Class C (1 month LIBOR + 1.050%) (A)(C) | 1.156 | 05-15-36 | 200,000 | 200,120 | |
Life Mortgage Trust | |||||
Series 2021-BMR, Class A (1 month LIBOR + 0.700%) (A)(C) | 0.806 | 03-15-38 | 220,000 | 220,138 | |
Series 2021-BMR, Class D (1 month LIBOR + 1.400%) (A)(C) | 1.506 | 03-15-38 | 100,000 | 100,313 | |
MFA Trust | |||||
Series 2020-NQM1, Class A1 (A)(B) | 1.479 | 03-25-65 | 133,649 | 134,847 | |
Series 2020-NQM3, Class A1 (A)(B) | 1.014 | 01-26-65 | 89,382 | 89,566 | |
Series 2021-NQM1, Class A1 (A)(B) | 1.153 | 04-25-65 | 100,737 | 100,750 | |
Morgan Stanley Capital I Trust | |||||
Series 2017-CLS, Class D (1 month LIBOR + 1.400%) (A)(C) | 1.506 | 11-15-34 | 215,000 | 215,065 | |
NMLT Trust | |||||
Series 2021-INV1, Class A1 (A)(B) | 1.185 | 06-25-26 | 200,000 | 200,000 | |
Seasoned Credit Risk Transfer Trust | |||||
Series 2020-2, Class MA | 2.000 | 11-25-59 | 164,272 | 168,632 | |
Starwood Mortgage Residential Trust | |||||
Series 2020-3, Class A1 (A)(B) | 1.486 | 04-25-65 | 69,760 | 70,517 | |
Series 2021-2, Class A1 (A)(B) | 0.943 | 05-25-65 | 146,798 | 146,902 | |
Verus Securitization Trust | |||||
Series 2021-1, Class A1 (A)(B) | 0.815 | 01-25-66 | 89,762 | 89,584 | |
Visio Trust | |||||
Series 2020-1R, Class A1 (A) | 1.312 | 11-25-55 | 211,136 | 212,022 |
26 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency 5.4% | $1,322,815 | ||||
Federal Home Loan Mortgage Corp. | |||||
Series K048, Class X1 IO | 0.236 | 06-25-25 | 10,381,371 | 92,965 | |
Government National Mortgage Association | |||||
Series 2020-108, Class IO | 0.933 | 06-16-62 | 3,210,967 | 255,141 | |
Series 2020-114, Class IO | 0.926 | 09-16-62 | 1,085,280 | 88,220 | |
Series 2020-118, Class IO | 1.047 | 06-16-62 | 960,443 | 81,434 | |
Series 2020-120, Class IO | 0.853 | 05-16-62 | 1,118,981 | 88,703 | |
Series 2020-137, Class IO | 0.844 | 09-16-62 | 4,685,868 | 361,110 | |
Series 2020-150, Class IO | 0.984 | 12-16-62 | 1,300,399 | 110,038 | |
Series 2020-170, Class IO | 0.886 | 11-16-62 | 631,784 | 52,464 | |
Series 2020-92, Class IO | 1.016 | 02-16-62 | 963,291 | 81,047 | |
Series 2021-10, Class IO | 1.000 | 05-16-63 | 508,616 | 45,342 | |
Series 2021-11, Class IO | 1.022 | 12-16-62 | 727,772 | 66,351 | |
Asset backed securities 69.9% | $17,133,232 | ||||
(Cost $17,027,865) | |||||
Asset backed securities 69.9% | 17,133,232 | ||||
AmeriCredit Automobile Receivables Trust | |||||
Series 2020-1, Class C | 1.590 | 10-20-25 | 72,000 | 73,395 | |
AMSR Trust | |||||
Series 2020-SFR1, Class A (A) | 1.819 | 04-17-37 | 99,904 | 101,673 | |
Series 2020-SFR2, Class A (A) | 1.632 | 07-17-37 | 350,000 | 353,202 | |
Series 2020-SFR4, Class A (A) | 1.355 | 11-17-37 | 115,000 | 114,655 | |
Applebee's Funding LLC | |||||
Series 2019-1A, Class A2I (A) | 4.194 | 06-07-49 | 114,425 | 117,727 | |
Arby's Funding LLC | |||||
Series 2020-1A, Class A2 (A) | 3.237 | 07-30-50 | 82,378 | 85,459 | |
Avis Budget Rental Car Funding AESOP LLC | |||||
Series 2019-1A, Class A (A) | 3.450 | 03-20-23 | 100,000 | 101,904 | |
Series 2019-3A, Class A (A) | 2.360 | 03-20-26 | 344,000 | 361,614 | |
Series 2020-1A, Class A (A) | 2.330 | 08-20-26 | 100,000 | 105,036 | |
BA Credit Card Trust | |||||
Series 2021-A1, Class A1 | 0.440 | 09-15-26 | 265,000 | 265,036 | |
Bojangles Issuer LLC | |||||
Series 2020-1A, Class A2 (A) | 3.832 | 10-20-50 | 69,000 | 72,533 | |
CarMax Auto Owner Trust | |||||
Series 2019-3, Class A4 | 2.300 | 04-15-25 | 100,000 | 104,007 | |
Series 2020-3, Class A3 | 0.620 | 03-17-25 | 100,000 | 100,550 | |
Series 2020-3, Class A4 | 0.770 | 03-16-26 | 200,000 | 201,660 | |
CARS-DB4 LP | |||||
Series 2020-1A, Class A1 (A) | 2.690 | 02-15-50 | 92,107 | 95,660 | |
Series 2020-1A, Class B1 (A) | 4.170 | 02-15-50 | 100,000 | 103,401 | |
Carvana Auto Receivables Trust | |||||
Series 2020-P1, Class A4 | 0.610 | 10-08-26 | 76,000 | 75,837 | |
CLI Funding VI LLC | |||||
Series 2020-1A, Class A (A) | 2.080 | 09-18-45 | 184,667 | 186,570 | |
CLI Funding VIII LLC | |||||
Series 2021-1A, Class A (A) | 1.640 | 02-18-46 | 125,803 | 124,445 | |
CoreVest American Finance Trust | |||||
Series 2019-3, Class A (A) | 2.705 | 10-15-52 | 84,814 | 88,637 | |
Series 2020-3, Class A (A) | 1.358 | 08-15-53 | 205,067 | 203,795 | |
Series 2021-1, Class A (A) | 1.569 | 04-15-53 | 300,609 | 301,469 | |
DataBank Issuer | |||||
Series 2021-1A, Class A2 (A) | 2.060 | 02-27-51 | 190,000 | 192,028 | |
DB Master Finance LLC | |||||
Series 2017-1A, Class A2II (A) | 4.030 | 11-20-47 | 198,338 | 211,684 | |
Series 2019-1A, Class A2I (A) | 3.787 | 05-20-49 | 196,500 | 199,660 | |
Domino's Pizza Master Issuer LLC | |||||
Series 2017-1A, Class A23 (A) | 4.118 | 07-25-47 | 179,955 | 194,292 | |
Series 2021-1A, Class A2I (A) | 2.662 | 04-25-51 | 95,000 | 96,668 | |
DRB Prime Student Loan Trust | |||||
Series 2015-D, Class A2 (A) | 3.200 | 01-25-40 | 49,872 | 49,967 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 27 |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
Driven Brands Funding LLC | |||||
Series 2018-1A, Class A2 (A) | 4.739 | 04-20-48 | 49,470 | $52,702 | |
Series 2020-2A, Class A2 (A) | 3.237 | 01-20-51 | 129,675 | 134,687 | |
Elara HGV Timeshare Issuer LLC | |||||
Series 2019-A, Class A (A) | 2.610 | 01-25-34 | 57,669 | 59,603 | |
Exeter Automobile Receivables Trust | |||||
Series 2020-1A, Class C (A) | 2.490 | 01-15-25 | 100,000 | 101,900 | |
Series 2021-1A, Class C | 0.740 | 01-15-26 | 95,000 | 95,030 | |
FirstKey Homes Trust | |||||
Series 2020-SFR1, Class A (A) | 1.339 | 09-17-25 | 149,826 | 150,332 | |
Series 2020-SFR2, Class A (A) | 1.266 | 10-19-37 | 320,292 | 320,038 | |
Five Guys Funding LLC | |||||
Series 2017-1A, Class A2 (A) | 4.600 | 07-25-47 | 114,138 | 119,421 | |
Ford Credit Auto Owner Trust | |||||
Series 2018-1, Class A (A) | 3.190 | 07-15-31 | 472,000 | 512,816 | |
Series 2018-2, Class A (A) | 3.470 | 01-15-30 | 100,000 | 106,610 | |
Series 2020-1, Class A (A) | 2.040 | 08-15-31 | 100,000 | 104,489 | |
Series 2021-1, Class A (A) | 1.370 | 10-17-33 | 129,000 | 130,569 | |
Ford Credit Floorplan Master Owner Trust | |||||
Series 2019-2, Class A | 3.060 | 04-15-26 | 189,000 | 202,750 | |
Series 2020-2, Class A | 1.060 | 09-15-27 | 150,000 | 150,609 | |
GM Financial Consumer Automobile Receivables Trust | |||||
Series 2020-2, Class A4 | 1.740 | 08-18-25 | 78,000 | 80,500 | |
GM Financial Leasing Trust | |||||
Series 2021-2, Class A4 | 0.410 | 05-20-25 | 43,000 | 43,027 | |
GMF Floorplan Owner Revolving Trust | |||||
Series 2019-2, Class A (A) | 2.900 | 04-15-26 | 200,000 | 213,576 | |
Series 2020-1, Class A (A) | 0.680 | 08-15-25 | 106,000 | 106,626 | |
Golden Credit Card Trust | |||||
Series 2018-4A, Class A (A) | 3.440 | 08-15-25 | 215,000 | 229,640 | |
Hilton Grand Vacations Trust | |||||
Series 2018-AA, Class A (A) | 3.540 | 02-25-32 | 60,423 | 63,725 | |
Home Partners of America Trust | |||||
Series 2019-1, Class A (A) | 2.908 | 09-17-39 | 90,688 | 92,948 | |
Honda Auto Receivables Owner Trust | |||||
Series 2021-2, Class A4 | 0.550 | 08-16-27 | 82,000 | 82,018 | |
Hyundai Auto Receivables Trust | |||||
Series 2020-B, Class A4 | 0.620 | 12-15-25 | 75,000 | 75,431 | |
Jack in the Box Funding LLC | |||||
Series 2019-1A, Class A2I (A) | 3.982 | 08-25-49 | 218,350 | 223,992 | |
John Deere Owner Trust | |||||
Series 2020-A, Class A4 | 1.210 | 11-16-26 | 85,000 | 86,302 | |
Series 2020-B, Class A4 | 0.720 | 06-15-27 | 125,000 | 126,088 | |
Monroe Capital Funding, Ltd. | |||||
Series 2021-1A, Class A2 (A) | 2.815 | 04-22-31 | 152,000 | 151,878 | |
MVW LLC | |||||
Series 2020-1A, Class A (A) | 1.740 | 10-20-37 | 317,104 | 324,106 | |
MVW Owner Trust | |||||
Series 2018-1A, Class A (A) | 3.450 | 01-21-36 | 35,397 | 36,759 | |
Navient Private Education Refi Loan Trust | |||||
Series 2020-BA, Class A2 (A) | 2.120 | 01-15-69 | 100,000 | 101,554 | |
Series 2020-GA, Class A (A) | 1.170 | 09-16-69 | 100,195 | 100,787 | |
Series 2020-HA, Class A (A) | 1.310 | 01-15-69 | 251,975 | 254,149 | |
Series 2021-A, Class A (A) | 0.840 | 05-15-69 | 225,552 | 225,740 | |
Navient Student Loan Trust | |||||
Series 2020-2A, Class A1A (A) | 1.320 | 08-26-69 | 94,845 | 94,228 | |
Neighborly Issuer LLC | |||||
Series 2021-1A, Class A2 (A) | 3.584 | 04-30-51 | 199,000 | 203,706 | |
Nissan Auto Receivables Owner Trust | |||||
Series 2020-A, Class A3 | 1.380 | 12-16-24 | 86,000 | 87,287 | |
Series 2020-B, Class A4 | 0.710 | 02-16-27 | 16,000 | 16,146 | |
Oxford Finance Funding LLC | |||||
Series 2019-1A, Class A2 (A) | 4.459 | 02-15-27 | 154,030 | 159,265 | |
Series 2020-1A, Class A2 (A) | 3.101 | 02-15-28 | 64,000 | 66,049 |
28 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
PFS Financing Corp. | |||||
Series 2018-F, Class A (A) | 3.520 | 10-15-23 | 100,000 | $101,220 | |
Series 2019-C, Class A (A) | 2.230 | 10-15-24 | 100,000 | 102,478 | |
Series 2020-E, Class A (A) | 1.000 | 10-15-25 | 272,000 | 275,027 | |
Progress Residential Trust | |||||
Series 2019-SFR3, Class A (A) | 2.271 | 09-17-36 | 99,604 | 101,350 | |
Series 2020-SFR1, Class A (A) | 1.732 | 04-17-37 | 100,000 | 101,445 | |
Series 2020-SFR2, Class A (A) | 2.078 | 06-17-37 | 100,000 | 102,310 | |
Series 2021-SFR1, Class A (A) | 1.052 | 04-17-38 | 100,000 | 98,590 | |
Series 2021-SFR2, Class A (A) | 1.546 | 04-19-38 | 125,000 | 125,285 | |
Series 2021-SFR4, Class A (A) | 1.558 | 05-17-38 | 300,000 | 300,318 | |
Santander Revolving Auto Loan Trust | |||||
Series 2019-A, Class A (A) | 2.510 | 01-26-32 | 155,000 | 163,842 | |
SCF Equipment Leasing LLC | |||||
Series 2019-1A, Class A2 (A) | 3.230 | 10-20-24 | 37,856 | 37,951 | |
Series 2019-2A, Class C (A) | 3.110 | 06-21-27 | 130,000 | 136,664 | |
Series 2020-1A, Class A3 (A) | 1.190 | 10-20-27 | 100,000 | 100,717 | |
Series 2021-1A, Class B (A) | 1.370 | 08-20-29 | 200,000 | 199,117 | |
ServiceMaster Funding LLC | |||||
Series 2020-1, Class A2II (A) | 3.337 | 01-30-51 | 99,750 | 104,192 | |
Sierra Timeshare Receivables Funding LLC | |||||
Series 2021-1A, Class A (A) | 0.990 | 11-20-37 | 127,690 | 127,885 | |
SMB Private Education Loan Trust | |||||
Series 2016-A, Class A2A (A) | 2.700 | 05-15-31 | 95,543 | 98,193 | |
Series 2019-B, Class A2A (A) | 2.840 | 06-15-37 | 120,929 | 126,675 | |
Series 2020-PTA, Class A2A (A) | 1.600 | 09-15-54 | 150,000 | 152,033 | |
Series 2021-A, Class APT2 (A) | 1.070 | 01-15-53 | 94,614 | 93,769 | |
Sonic Capital LLC | |||||
Series 2020-1A, Class A2I (A) | 3.845 | 01-20-50 | 158,267 | 165,797 | |
Taco Bell Funding LLC | |||||
Series 2018-1A, Class A2I (A) | 4.318 | 11-25-48 | 58,500 | 59,034 | |
Tesla Auto Lease Trust | |||||
Series 2020-A, Class A3 (A) | 0.680 | 12-20-23 | 150,000 | 150,795 | |
Series 2020-A, Class A4 (A) | 0.780 | 12-20-23 | 285,000 | 287,152 | |
TIF Funding II LLC | |||||
Series 2020-1A, Class A (A) | 2.090 | 08-20-45 | 188,750 | 190,330 | |
Series 2021-1A, Class A (A) | 1.650 | 02-20-46 | 97,417 | 95,745 | |
Towd Point Mortgage Trust | |||||
Series 2015-1, Class A5 (A)(B) | 3.399 | 10-25-53 | 100,000 | 105,919 | |
Series 2015-6, Class M2 (A)(B) | 3.750 | 04-25-55 | 100,000 | 105,051 | |
Series 2017-1, Class A1 (A)(B) | 2.750 | 10-25-56 | 78,689 | 79,873 | |
Series 2017-2, Class A1 (A)(B) | 2.750 | 04-25-57 | 27,813 | 28,217 | |
Series 2018-1, Class A1 (A)(B) | 3.000 | 01-25-58 | 46,921 | 48,559 | |
Series 2018-2, Class A1 (A)(B) | 3.250 | 03-25-58 | 141,952 | 147,618 | |
Series 2018-6, Class A1A (A)(B) | 3.750 | 03-25-58 | 102,069 | 105,566 | |
Series 2019-1, Class A1 (A)(B) | 3.735 | 03-25-58 | 100,229 | 106,159 | |
Series 2020-4, Class A1 (A) | 1.750 | 10-25-60 | 257,066 | 261,300 | |
Toyota Auto Loan Extended Note Trust | |||||
Series 2019-1A, Class A (A) | 2.560 | 11-25-31 | 155,000 | 164,350 | |
Series 2020-1A, Class A (A) | 1.350 | 05-25-33 | 300,000 | 306,401 | |
Toyota Auto Receivables Owner Trust | |||||
Series 2017-C, Class A4 | 1.980 | 12-15-22 | 42,770 | 42,866 | |
Series 2020-C, Class A3 | 0.440 | 10-15-24 | 32,000 | 32,092 | |
Series 2020-C, Class A4 | 0.570 | 10-15-25 | 24,000 | 24,139 | |
Tricon American Homes Trust | |||||
Series 2020-SFR1, Class A (A) | 1.499 | 07-17-38 | 249,774 | 249,797 | |
Series 2020-SFR2, Class A (A) | 1.482 | 11-17-39 | 99,902 | 98,236 | |
Triton Container Finance VIII LLC | |||||
Series 2020-1A, Class A (A) | 2.110 | 09-20-45 | 330,167 | 333,508 | |
Series 2021-1A, Class A (A) | 1.860 | 03-20-46 | 108,442 | 107,533 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 29 |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
Vantage Data Centers LLC | |||||
Series 2019-1A, Class A2 (A) | 3.188 | 07-15-44 | 86,460 | $89,866 | |
Series 2020-1A, Class A2 (A) | 1.645 | 09-15-45 | 90,000 | 90,091 | |
Series 2020-2A, Class A2 (A) | 1.992 | 09-15-45 | 200,000 | 199,414 | |
Verizon Owner Trust | |||||
Series 2020-B, Class A | 0.470 | 02-20-25 | 263,000 | 264,086 | |
Series 2020-C, Class C | 0.770 | 04-21-25 | 72,000 | 72,199 | |
VR Funding LLC | |||||
Series 2020-1A, Class A (A) | 2.790 | 11-15-50 | 108,994 | 107,320 | |
Wingstop Funding LLC | |||||
Series 2020-1A, Class A2 (A) | 2.841 | 12-05-50 | 200,000 | 206,250 | |
World Omni Auto Receivables Trust | |||||
Series 2021-B, Class A4 | 0.690 | 06-15-27 | 252,000 | 252,066 | |
Zaxby's Funding LLC | |||||
Series 2021-1A, Class A2 (A) | 3.238 | 07-30-51 | 137,000 | 137,195 |
Total investments (Cost $24,196,612) 99.1% | $24,308,140 | ||||
Other assets and liabilities, net 0.9% | 212,792 | ||||
Total net assets 100.0% | $24,520,932 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the portfolio. | |
^All par values are denominated in U.S. dollars unless otherwise indicated. | |
Security Abbreviations and Legend | |
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 |
(A) | 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 $19,665,699 or 80.2% of the portfolio's net assets as of 5-31-21. |
(B) | 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. |
(C) | Variable rate obligation. The coupon rate shown represents the rate at period end. |
30 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | Managed Account Shares Securitized Debt Portfolio | |
Assets | |||
Unaffiliated investments, at value | $23,849,568 | $22,271,540 | $24,308,140 |
Cash | 286,016 | 582,821 | 271,503 |
Dividends and interest receivable | 222,734 | 273,928 | 43,641 |
Receivable for fund shares sold | 200,394 | 280,451 | 215,187 |
Receivable for investments sold | 49,835 | 232,892 | — |
Receivable from affiliates | 2,777 | 2,696 | 2,796 |
Other assets | 21,460 | 21,028 | 21,352 |
Total assets | 24,632,784 | 23,665,356 | 24,862,619 |
Liabilities | |||
Distributions payable | 77,224 | 98,840 | 42,998 |
Payable for investments purchased | 56,234 | 211,076 | 237,093 |
Payable for delayed delivery securities purchased | — | 171,295 | — |
Payable for fund shares repurchased | 25,436 | 36,642 | 27,683 |
Payable to affiliates | |||
Accounting and legal services fees | 857 | 697 | 723 |
Trustees' fees | 45 | 45 | 45 |
Other liabilities and accrued expenses | 33,562 | 33,668 | 33,145 |
Total liabilities | 193,358 | 552,263 | 341,687 |
Net assets | $24,439,426 | $23,113,093 | $24,520,932 |
Net assets consist of | |||
Paid-in capital | $24,295,557 | $23,133,509 | $24,387,840 |
Total distributable earnings (loss) | 143,869 | (20,416) | 133,092 |
Net assets | $24,439,426 | $23,113,093 | $24,520,932 |
Unaffiliated investments, at cost | $23,654,107 | $21,887,976 | $24,196,612 |
Total investments, at cost | 23,654,107 | 21,887,976 | 24,196,612 |
Net asset value per share | |||
Based on net asset values and shares outstanding-the portfolio has an unlimited number of shares authorized with no par value. | |||
Net assets | $24,439,426 | $23,113,093 | $24,520,932 |
Shares outstanding | 2,364,297 | 2,345,963 | 2,410,419 |
Net asset value per share | $10.34 | $9.85 | $10.17 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 31 |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | Managed Account Shares Securitized Debt Portfolio | |
Investment income | |||
Interest | $449,354 | $629,089 | $350,065 |
Dividends from unaffiliated investments | 563 | 5,030 | — |
Total investment income | 449,917 | 634,119 | 350,065 |
Expenses | |||
Investment management fees | 103,993 | 80,531 | 88,798 |
Accounting and legal services fees | 2,967 | 2,298 | 2,497 |
Trustees' fees | 403 | 349 | 371 |
Custodian fees | 1,871 | 2,036 | 1,745 |
State registration fees | 20,929 | 20,787 | 20,866 |
Printing and postage | 21,049 | 21,019 | 21,050 |
Professional fees | 30,303 | 29,982 | 29,163 |
Other | 12,239 | 12,169 | 12,200 |
Total expenses | 193,754 | 169,171 | 176,690 |
Less expense reductions | (193,754) | (169,171) | (176,690) |
Net expenses | — | — | — |
Net investment income | 449,917 | 634,119 | 350,065 |
Realized and unrealized gain (loss) | |||
Net realized gain (loss) on | |||
Unaffiliated investments | 178,218 | (61,842) | 65,834 |
Change in net unrealized appreciation (depreciation) of | |||
Unaffiliated investments | 116,449 | 863,545 | 137,897 |
Net realized and unrealized gain | 294,667 | 801,703 | 203,731 |
Increase in net assets from operations | $744,584 | $1,435,822 | $553,796 |
32 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | Managed Account Shares Securitized Debt Portfolio | ||||
Increase (decrease) in net assets | Year ended 5-31-21 | Period ended 5-31-201 | Year ended 5-31-21 | Period ended 5-31-201 | Year ended 5-31-21 | Period ended 5-31-201 |
From operations | ||||||
Net investment income | $449,917 | $243,199 | $634,119 | $416,308 | $350,065 | $202,048 |
Net realized gain (loss) | 178,218 | (21,704) | (61,842) | (222,864) | 65,834 | 10,755 |
Change in net unrealized appreciation (depreciation) | 116,449 | 79,012 | 863,545 | (479,981) | 137,897 | (26,369) |
Increase (decrease) in net assets resulting from operations | 744,584 | 300,507 | 1,435,822 | (286,537) | 553,796 | 186,434 |
Distributions to shareholders | ||||||
From net investment income and realized gain | (616,073) | (285,150) | (726,646) | (443,055) | (384,430) | (222,708) |
Total distributions | (616,073) | (285,150) | (726,646) | (443,055) | (384,430) | (222,708) |
From portfolio share transactions | 16,090,471 | 8,205,087 | 15,050,368 | 8,083,141 | 16,247,706 | 8,140,134 |
Total increase | 16,218,982 | 8,220,444 | 15,759,544 | 7,353,549 | 16,417,072 | 8,103,860 |
Net assets | ||||||
Beginning of year | 8,220,444 | — | 7,353,549 | — | 8,103,860 | — |
End of year | $24,439,426 | $8,220,444 | $23,113,093 | $7,353,549 | $24,520,932 | $8,103,860 |
1 | Period from 7-9-19 (commencement of operations) to 5-31-20. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 33 |
Period ended | 5-31-21 | 5-31-201 |
Per share operating performance | ||
Net asset value, beginning of period | $10.02 | $10.00 |
Net investment income2 | 0.28 | 0.30 |
Net realized and unrealized gain (loss) on investments | 0.43 | 0.07 |
Total from investment operations | 0.71 | 0.37 |
Less distributions | ||
From net investment income | (0.38) | (0.35) |
From net realized gain | (0.01) | — |
Total distributions | (0.39) | (0.35) |
Net asset value, end of period | $10.34 | $10.02 |
Total return (%)3 | 7.09 | 3.744 |
Ratios and supplemental data | ||
Net assets, end of period (in millions) | $24 | $8 |
Ratios (as a percentage of average net assets): | ||
Expenses before reductions | 1.17 | 1.875 |
Expenses including reductions | — | —5 |
Net investment income | 2.73 | 3.335 |
Portfolio turnover (%) | 58 | 39 |
1 | Period from 7-9-19 (commencement of operations) to 5-31-20. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the period. |
4 | Not annualized. |
5 | Annualized. |
Period ended | 5-31-21 | 5-31-201 |
Per share operating performance | ||
Net asset value, beginning of period | $9.10 | $10.00 |
Net investment income2 | 0.48 | 0.52 |
Net realized and unrealized gain (loss) on investments | 0.83 | (0.87) |
Total from investment operations | 1.31 | (0.35) |
Less distributions | ||
From net investment income | (0.56) | (0.55) |
Net asset value, end of period | $9.85 | $9.10 |
Total return (%)3 | 14.69 | (3.62)4 |
Ratios and supplemental data | ||
Net assets, end of period (in millions) | $23 | $7 |
Ratios (as a percentage of average net assets): | ||
Expenses before reductions | 1.32 | 1.935 |
Expenses including reductions | — | 0.005,6 |
Net investment income | 4.96 | 6.035 |
Portfolio turnover (%) | 34 | 40 |
1 | Period from 7-9-19 (commencement of operations) to 5-31-20. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the period. |
4 | Not annualized. |
5 | Annualized. |
6 | Less than 0.005%. |
34 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Period ended | 5-31-21 | 5-31-201 |
Per share operating performance | ||
Net asset value, beginning of period | $9.96 | $10.00 |
Net investment income2 | 0.25 | 0.25 |
Net realized and unrealized gain (loss) on investments | 0.25 | (0.02) |
Total from investment operations | 0.50 | 0.23 |
Less distributions | ||
From net investment income | (0.27) | (0.27) |
From net realized gain | (0.02) | — |
Total distributions | (0.29) | (0.27) |
Net asset value, end of period | $10.17 | $9.96 |
Total return (%)3 | 5.02 | 2.374 |
Ratios and supplemental data | ||
Net assets, end of period (in millions) | $25 | $8 |
Ratios (as a percentage of average net assets): | ||
Expenses before reductions | 1.25 | 1.865 |
Expenses including reductions | — | —5 |
Net investment income | 2.48 | 2.805 |
Portfolio turnover (%) | 32 | 41 |
1 | Period from 7-9-19 (commencement of operations) to 5-31-20. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the period. |
4 | Not annualized. |
5 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 35 |
Total value at 5-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | ||||
Investments in securities: | ||||
Assets | ||||
Foreign government obligations | $231,003 | — | $231,003 | — |
Corporate bonds | 23,221,729 | — | 23,221,729 | — |
Municipal bonds | 388,594 | — | 388,594 | — |
Common stocks | 4,975 | $4,975 | — | — |
Preferred securities | 3,267 | 3,267 | — | — |
Total investments in securities | $23,849,568 | $8,242 | $23,841,326 | — |
36 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
Total value at 5-31-21 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | ||||
Investments in securities: | ||||
Assets | ||||
Foreign government obligations | $126,171 | — | $126,171 | — |
Corporate bonds | 21,891,291 | — | 21,891,291 | — |
Term loans | 109,450 | — | 109,450 | — |
Preferred securities | 144,628 | $144,628 | — | — |
Total investments in securities | $22,271,540 | $144,628 | $22,126,912 | — |
Managed Account Shares Securitized Debt Portfolio | ||||
Investments in securities: | ||||
Assets | ||||
Collateralized mortgage obligations | $7,174,908 | — | $7,174,908 | — |
Asset backed securities | 17,133,232 | — | 17,133,232 | — |
Total investments in securities | $24,308,140 | — | $24,308,140 | — |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 37 |
Portfolio | Commitment fee |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | $5,657 |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | 5,641 |
Managed Account Shares Securitized Debt Portfolio | 5,647 |
No Expiration Date | ||
Portfolio | Short Term | Long Term |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | $300,832 | $15,563 |
Portfolio | Aggregate cost | Unrealized appreciation | Unrealized (depreciation) | Net unrealized appreciation/ (depreciation) |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | $23,750,998 | $390,383 | $(291,813) | $98,570 |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | 21,971,765 | 525,908 | (226,133) | 299,775 |
Managed Account Shares Securitized Debt Portfolio | 24,217,664 | 146,937 | (56,461) | 90,476 |
Portfolio | Ordinary Income | Long Term Capital Gains | Total |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | $591,271 | $24,802 | $616,073 |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | 726,646 | — | 726,646 |
Managed Account Shares Securitized Debt Portfolio | 365,927 | 18,503 | 384,430 |
Portfolio | Ordinary Income |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | $285,150 |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | 443,055 |
Managed Account Shares Securitized Debt Portfolio | 222,708 |
Portfolio | Undistributed Ordinary Income | Undistributed Long Term Capital Gains |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | $56,024 | $66,499 |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | 95,044 | — |
Managed Account Shares Securitized Debt Portfolio | 65,282 | 20,332 |
38 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
Portfolio | Expense Reductions | |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | $193,754 | |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | 169,171 | |
Managed Account Shares Securitized Debt Portfolio | 176,690 |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 39 |
Year Ended 5-31-21 | Period Ended 5-31-201 | |||
Shares | Amount | Shares | Amount | |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | ||||
Sold | 2,195,888 | $22,853,511 | 820,258 | $8,205,087 |
Repurchased | (651,849) | (6,763,040) | — | — |
Net increase | 1,544,039 | $16,090,471 | 820,258 | $8,205,087 |
Total net increase | 1,544,039 | $16,090,471 | 820,258 | $8,205,087 |
Year Ended 5-31-21 | Period Ended 5-31-201 | |||
Shares | Amount | Shares | Amount | |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | ||||
Sold | 1,669,671 | $16,346,965 | 808,388 | $8,083,141 |
Repurchased | (132,096) | (1,296,597) | — | — |
Net increase | 1,537,575 | $15,050,368 | 808,388 | $8,083,141 |
Total net increase | 1,537,575 | $15,050,368 | 808,388 | $8,083,141 |
Year Ended 5-31-21 | Period Ended 5-31-201 | |||
Shares | Amount | Shares | Amount | |
Managed Account Shares Securitized Debt Portfolio | ||||
Sold | 1,779,818 | $18,114,127 | 814,478 | $8,145,220 |
Repurchased | (183,369) | (1,866,421) | (508) | (5,086) |
Net increase | 1,596,449 | $16,247,706 | 813,970 | $8,140,134 |
Total net increase | 1,596,449 | $16,247,706 | 813,970 | $8,140,134 |
1 | Period from 7-9-19 (commencement of operations) to 5-31-20. |
Portfolio | Purchases | Sales |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | $25,134,816 | $9,499,394 |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | 18,688,521 | 4,312,759 |
Managed Account Shares Securitized Debt Portfolio | 20,670,412 | 4,483,112 |
40 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 41 |
42 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
Portfolio | Long term capital gains |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | $24,802 |
Managed Account Shares Securitized Debt Portfolio | 18,503 |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 43 |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining investors’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office performed audit testing of the LRMP which resulted in an assessment that the LRMP’s control environment was deemed to be operating effectively and in compliance with the Board approved procedures. |
44 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
Independent Trustees | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Hassell H. McClellan, Born: 1945 | 2012 | 190 |
Trustee and Chairperson of the Board | ||
Director/Trustee, Virtus Funds (since 2008); Director, The Barnes Group (since 2010); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | ||
Charles L. Bardelis,2 Born: 1941 | 2012 | 190 |
Trustee | ||
Director, Island Commuter Corp. (marine transport). Trustee of various trusts within the John Hancock Fund Complex (since 1988). | ||
James R. Boyle, Born: 1959 | 2015 | 190 |
Trustee | ||
Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | ||
Peter S. Burgess,2 Born: 1942 | 2012 | 190 |
Trustee | ||
Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (2004-2021); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005). | ||
William H. Cunningham, Born: 1944 | 2005 | 190 |
Trustee | ||
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | ||
Grace K. Fey, Born: 1946 | 2012 | 190 |
Trustee | ||
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | ||
Deborah C. Jackson, Born: 1952 | 2008 | 190 |
Trustee | ||
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | ||
Steven R. Pruchansky, Born: 1944 | 2005 | 190 |
Trustee and Vice Chairperson of the Board | ||
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 45 |
Independent Trustees (continued) | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Frances G. Rathke,2,* Born: 1960 | 2020 | 190 |
Trustee | ||
Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020). | ||
Gregory A. Russo, Born: 1949 | 2009 | 190 |
Trustee | ||
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
Non-Independent Trustees3 | ||
Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years | Trustee of the Trust since1 | Number of John Hancock funds overseen by Trustee |
Andrew G. Arnott, Born: 1971 | 2017 | 190 |
President and Non-Independent Trustee | ||
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). | ||
Marianne Harrison, Born: 1963 | 2018 | 190 |
Non-Independent Trustee | ||
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018). |
Principal officers who are not Trustees | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Charles A. Rizzo, Born: 1957 | 2007 |
Chief Financial Officer | |
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). | |
Salvatore Schiavone, Born: 1965 | 2010 |
Treasurer | |
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). |
46 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
Principal officers who are not Trustees (continued) | |
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years | Current Position(s) with the Trust since |
Christopher (Kit) Sechler, Born: 1973 | 2018 |
Secretary and Chief Legal Officer | |
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). | |
Trevor Swanberg, Born: 1979 | 2020 |
Chief Compliance Officer | |
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). |
1 | Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. |
2 | Member of the Audit Committee. |
3 | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
* | Appointed as Independent Trustee effective as of September 15, 2020. |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 47 |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
Charles L. Bardelis*
James R. Boyle
Peter S. Burgess*
William H. Cunningham
Grace K. Fey
Marianne Harrison†
Deborah C. Jackson
Frances G. Rathke*,1
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Howard C. Greene, CFA
You can also contact us: | ||
800-247-0278 | Regular mail: | Express mail: |
jhinvestments.com | John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 | John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
48 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
GOVERNANCE FUNDS
with a heritage of financial stewardship dating back to 1862. Helping
our shareholders pursue their financial goals is at the core of everything
we do. It’s why we support the role of professional financial advice
and operate with the highest standards of conduct and integrity.
We search the world to find proven portfolio teams with specialized
expertise for every strategy we offer, then we apply robust investment
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a diverse set of investments backed by some of the world’s best
managers, along with strong risk-adjusted returns across asset classes.
200 Berkeley Street, Boston, MA 02116-5010, 800-247-0278, jhinvestments.com
MF1674198 | JHMASA 5/21 |
ITEM 2. CODE OF ETHICS.
As of the end of the year, May 31, 2021, the registrant has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its Chief Executive Officer, Chief Financial Officer and Treasurer (respectively, the principal executive officer, the principal financial officer and the principal accounting officer, the "Covered Officers"). A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Peter S. Burgess is the audit committee financial expert and is "independent", pursuant to general instructions on Form N-CSR Item 3.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
(a) Audit Fees
The aggregate fees billed for professional services rendered by the principal accountant for the audits of the registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements amounted to the following for the fiscal years ended May 31, 2021 and 2020. These fees were billed to the registrant and were approved by the registrant's audit committee.
Fund | May 31, 2021 |
| May 31, 2020 | ||
John Hancock Income Fund | $ | 72,491 | $ |
| 76,606 |
John Hancock Managed Account Shares Investment-Grade |
|
|
|
|
|
Corporate Bond Portfolio |
| 14,000 |
|
| 14,000 |
John Hancock Managed Account Shares Non-Investment- |
|
|
|
|
|
Grade Corporate Bond Portfolio |
| 14,000 |
|
| 14,000 |
John Hancock Managed Account Shares Securitized Debt |
|
|
|
|
|
Portfolio |
| 14,000 |
|
| 14,000 |
Total | $ | 114,491 |
| $ | 118,606 |
(b) Audit-Related Services
Audit-related fees for assurance and related services by the principal accountant are billed to the registrant or to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser ("control affiliates") that provides ongoing services to the registrant. The nature of the services provided was affiliated service provider internal controls reviews. Amounts billed to the registrant were as follows:
Fund |
| May 31, 2021 |
| May 31, 2020 |
|
|
|
|
|
John Hancock Income Fund | $ | 604 |
| $ 591 |
John Hancock Managed Account Shares Investment-Grade |
|
|
|
|
Corporate Bond Portfolio |
| 604 |
| 591 |
John Hancock Managed Account Shares Non-Investment- |
|
|
|
|
Grade Corporate Bond Portfolio |
| 604 |
| 591 |
John Hancock Managed Account Shares Securitized Debt |
|
|
|
|
Portfolio |
| 604 |
| 591 |
Total | $ | 2,416 | $ | 2,364 |
Amounts billed to control affiliates were $116,000 and $116,467 for the fiscal years ended May 31, 2021 and 2020, respectively.
(c) Tax Fees
The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning ("tax fees") amounted to the following for the fiscal years ended May 31, 2021 and 2020. The nature of the services comprising the tax fees was the review of the registrant's tax returns and tax distribution requirements. These fees were billed to the registrant and were approved by the registrant's audit committee.
Fund | May 31, 2021 | May 31, 2020 | ||
John Hancock Income Fund | $ | 3,940 | $ | 3,940 |
John Hancock Managed Account Shares Investment-Grade |
|
|
|
|
Corporate Bond Portfolio |
| 1,000 |
| 1,000 |
John Hancock Managed Account Shares Non-Investment- |
|
|
|
|
Grade Corporate Bond Portfolio |
| 1,000 |
| 1,000 |
John Hancock Managed Account Shares Securitized Debt |
|
|
|
|
Portfolio |
| 1,000 |
| 1,000 |
Total | $ | 6,940 | $ | 6,940 |
(d) All Other Fees
The nature of the services comprising all other fees is advisory services provided to the investment manager. Other fees amounted to the following for the fiscal years ended May 31, 2021 and 2020:
Fund | May 31, 2021 | May 31, 2020 | ||
John Hancock Income Fund | $ | 89 | $ | 89 |
John Hancock Managed Account Shares Investment-Grade |
|
|
|
|
Corporate Bond Portfolio |
| 89 |
| 89 |
John Hancock Managed Account Shares Non-Investment- |
|
|
|
|
Grade Corporate Bond Portfolio |
| 89 |
| 89 |
John Hancock Managed Account Shares Securitized Debt |
|
|
|
|
Portfolio |
| 89 |
| 89 |
Total | $ | 356 | $ | 356 |
(e)(1) Audit Committee Pre-Approval Policies and Procedures:
The trust's Audit Committee must pre-approve all audit and non-audit services provided by the independent registered public accounting firm (the "Auditor") relating to the operations or financial reporting of the funds. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The trust's Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee's consideration of audit-related and non-audit services by the Auditor. The policies and procedures require that any audit-related and non-audit service provided by the Auditor and any non-audit service provided by the Auditor to a fund service provider that relates directly to the operations and financial reporting of a fund are subject to approval by the Audit Committee before such service is provided. Audit-related services provided by the Auditor that are expected to exceed $25,000 per year/per fund are subject to specific pre- approval by the Audit Committee. Tax services provided by the Auditor that are expected to exceed $30,000 per year/per fund are subject to specific pre-approval by the Audit Committee.
All audit services, as well as the audit-related and non-audit services that are expected to exceed the amounts stated above, must be approved in advance of provision of the service by formal
resolution of the Audit Committee. At the regularly scheduled Audit Committee meetings, the Committee reviews a report summarizing the services, including fees, provided by the Auditor.
(e)(2) Services approved pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X:
Audit-Related Fees, Tax Fees and All Other Fees:
There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception under Rule 2-01 of Regulation S-X.
(f)According to the registrant's principal accountant for the fiscal year ended May 31, 2021, the percentage of hours spent on the audit of the registrant's financial statements for the most recent fiscal year that were attributed to work performed by persons who were not full-time, permanent employees of principal accountant was less than 50%.
(g)The aggregate non-audit fees billed by the registrant's principal accountant for non-audit services rendered to the registrant and rendered to the registrant's control affiliates were $1,149,548 for the fiscal year ended May 31, 2021 and $1,020,294 for the fiscal year ended May 31, 2020
(h)The audit committee of the registrant has considered the non-audit services provided by the registrant's principal accountant to the control affiliates and has determined that the services that were not pre-approved are compatible with maintaining the principal accountant's independence.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
The registrant has a separately-designated standing audit committee comprised of independent trustees. The members of the audit committee are as follows:
Peter S. Burgess - Chairman
Charles L. Bardelis
Frances G. Rathke
ITEM 6. SCHEDULE OF INVESTMENTS.
(a)Not applicable.
(b)Not applicable.
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED- END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
The registrant has adopted procedures by which shareholders may recommend nominees to the registrant's Board of Trustees. A copy of the procedures is filed as an exhibit to this Form
N-CSR. See attached "John Hancock Funds – Nominating, Governance and Administration Committee Charter".
ITEM 11. CONTROLS AND PROCEDURES.
(a)Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-CSR, the registrant's principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.
(b)There were no changes in the registrant's internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
ITEM 12. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 13. EXHIBITS.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
John Hancock Strategic Series
By: | /s/ Andrew Arnott |
| ------------------------------ |
| Andrew Arnott |
| President |
Date: | July 12, 2021 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Andrew Arnott |
| ------------------------------- |
| Andrew Arnott |
| President |
Date: | July 12, 2021 |
By: | /s/ Charles A. Rizzo |
| -------------------------------- |
| Charles A. Rizzo |
| Chief Financial Officer |
Date: | July 12, 2021 |