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: 617-543-9634
Date of fiscal year end: | May 31 |
Date of reporting period: | May 31, 2022 |
ITEM 1. REPORTS TO STOCKHOLDERS
The Registrant prepared the following annual reports to shareholders for the period ended May 31, 2022:
•John Hancock Income Fund
•John Hancock Managed Account Shares
Investment-Grade Corporate Bond Portfolio
Non-Investment-Grade Corporate Bond Portfolio
Securitized Debt Portfolio
Manulife Investment Management
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 5/31/2022 (% of net assets) | |
United States | 58.5 |
Canada | 7.3 |
United Kingdom | 3.2 |
Indonesia | 2.9 |
Luxembourg | 2.7 |
Norway | 2.0 |
Brazil | 1.9 |
Mexico | 1.9 |
Australia | 1.6 |
New Zealand | 1.5 |
Other countries | 16.5 |
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 5-31-22 | as of 5-31-22 | ||
Class A | -11.40 | 0.67 | 2.28 | 3.40 | 25.30 | 3.51 | 3.51 | |
Class C | -9.26 | 0.79 | 1.98 | 4.01 | 21.72 | 2.97 | 2.96 | |
Class I1 | -7.32 | 1.79 | 3.02 | 9.30 | 34.63 | 3.96 | 3.95 | |
Class R21 | -7.82 | 1.40 | 2.64 | 7.19 | 29.74 | 3.57 | 3.57 | |
Class R41 | -7.58 | 1.65 | 2.86 | 8.55 | 32.52 | 3.82 | 3.71 | |
Class R51 | -7.41 | 1.85 | 3.05 | 9.62 | 35.10 | 4.02 | 4.01 | |
Class R61 | -7.21 | 1.94 | 3.14 | 10.07 | 36.28 | 4.06 | 4.06 | |
Index†† | -8.22 | 1.18 | 1.71 | 6.02 | 18.44 | — | — |
Class A | Class C | Class I | Class R2 | Class R4 | Class R5 | Class R6 | |
Gross (%) | 0.82 | 1.52 | 0.52 | 0.91 | 0.76 | 0.46 | 0.41 |
Net (%) | 0.81 | 1.51 | 0.51 | 0.91 | 0.66 | 0.45 | 0.41 |
ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 7 |
Start date | With maximum sales charge ($) | Without sales charge ($) | Index ($) | |
Class C2 | 5-31-12 | 12,172 | 12,172 | 11,844 |
Class I1 | 5-31-12 | 13,463 | 13,463 | 11,844 |
Class R21 | 5-31-12 | 12,974 | 12,974 | 11,844 |
Class R41 | 5-31-12 | 13,252 | 13,252 | 11,844 |
Class R51 | 5-31-12 | 13,510 | 13,510 | 11,844 |
Class R61 | 5-31-12 | 13,628 | 13,628 | 11,844 |
1 | For certain types of investors, as described in the fund’s prospectus. |
2 | 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 12-1-2021 | Ending value on 5-31-2022 | Expenses paid during period ended 5-31-20221 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $939.00 | $3.87 | 0.80% |
Hypothetical example | 1,000.00 | 1,020.90 | 4.03 | 0.80% | |
Class C | Actual expenses/actual returns | 1,000.00 | 935.70 | 7.24 | 1.50% |
Hypothetical example | 1,000.00 | 1,017.50 | 7.54 | 1.50% | |
Class I | Actual expenses/actual returns | 1,000.00 | 940.30 | 2.42 | 0.50% |
Hypothetical example | 1,000.00 | 1,022.40 | 2.52 | 0.50% | |
Class R2 | Actual expenses/actual returns | 1,000.00 | 937.00 | 4.35 | 0.90% |
Hypothetical example | 1,000.00 | 1,020.40 | 4.53 | 0.90% | |
Class R4 | Actual expenses/actual returns | 1,000.00 | 938.30 | 3.09 | 0.64% |
Hypothetical example | 1,000.00 | 1,021.70 | 3.23 | 0.64% | |
Class R5 | Actual expenses/actual returns | 1,000.00 | 940.50 | 2.13 | 0.44% |
Hypothetical example | 1,000.00 | 1,022.70 | 2.22 | 0.44% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 940.90 | 1.89 | 0.39% |
Hypothetical example | 1,000.00 | 1,023.00 | 1.97 | 0.39% |
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 7.3% | $144,028,748 | ||||
(Cost $153,425,626) | |||||
U.S. Government 7.3% | 144,028,748 | ||||
U.S. Treasury | |||||
Bond | 2.000 | 02-15-50 | 15,390,000 | 12,103,393 | |
Bond | 2.375 | 02-15-42 | 17,275,000 | 14,956,371 | |
Bond | 2.750 | 11-15-42 | 6,190,000 | 5,648,859 | |
Bond | 3.000 | 02-15-49 | 22,685,000 | 21,957,485 | |
Note | 0.375 | 11-30-25 | 4,590,000 | 4,221,186 | |
Note | 0.500 | 02-28-26 | 4,630,000 | 4,250,557 | |
Note | 1.500 | 01-31-27 | 16,290,000 | 15,343,144 | |
Note | 1.875 | 05-15-32 | 44,073,000 | 40,395,651 | |
Note | 2.000 | 11-15-26 | 15,250,000 | 14,708,506 | |
Note | 2.250 | 03-31-24 | 4,785,000 | 4,764,626 | |
Note | 2.375 | 03-31-29 | 5,865,000 | 5,678,970 | |
Foreign government obligations 22.7% | $446,825,056 | ||||
(Cost $489,624,146) | |||||
Australia 1.4% | 26,625,980 | ||||
Commonwealth of Australia | 0.250 | 11-21-24 | AUD | 16,225,000 | 10,956,426 |
Commonwealth of Australia | 0.500 | 09-21-26 | AUD | 3,560,000 | 2,290,621 |
New South Wales Treasury Corp. | 1.000 | 02-08-24 | AUD | 11,190,000 | 7,818,678 |
New South Wales Treasury Corp. | 1.250 | 03-20-25 | AUD | 3,440,000 | 2,348,230 |
Queensland Treasury Corp. (A) | 4.250 | 07-21-23 | AUD | 4,385,000 | 3,212,025 |
Austria 0.1% | 1,572,054 | ||||
Republic of Austria (A) | 0.500 | 02-20-29 | EUR | 1,550,000 | 1,572,054 |
Brazil 0.9% | 17,234,797 | ||||
Federative Republic of Brazil | 10.000 | 01-01-23 | BRL | 15,845,000 | 3,406,454 |
Federative Republic of Brazil | 10.000 | 01-01-25 | BRL | 53,155,000 | 11,034,963 |
Federative Republic of Brazil | 10.000 | 01-01-27 | BRL | 13,815,000 | 2,793,380 |
Canada 3.4% | 66,790,328 | ||||
Canada Housing Trust No. 1 (A) | 1.250 | 06-15-26 | CAD | 7,400,000 | 5,462,316 |
Canada Housing Trust No. 1 (A) | 1.950 | 12-15-25 | CAD | 2,565,000 | 1,958,858 |
CPPIB Capital, Inc. (A) | 2.250 | 12-01-31 | CAD | 3,210,000 | 2,258,484 |
Government of Canada | 1.250 | 03-01-27 | CAD | 6,864,000 | 5,067,427 |
Government of Canada | 2.250 | 03-01-24 | CAD | 12,840,000 | 10,089,376 |
Government of Canada | 2.250 | 12-01-29 | CAD | 6,600,000 | 5,019,778 |
Province of Alberta | 3.400 | 12-01-23 | CAD | 9,000,000 | 7,179,792 |
Province of British Columbia | 2.850 | 06-18-25 | CAD | 3,408,000 | 2,684,152 |
Province of Ontario | 1.350 | 12-02-30 | CAD | 17,670,000 | 11,674,759 |
Province of Ontario | 2.900 | 06-02-28 | CAD | 4,350,000 | 3,357,119 |
Province of Ontario | 3.450 | 06-02-45 | CAD | 3,895,000 | 2,867,029 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 11 |
Rate (%) | Maturity date | Par value^ | Value | ||
Canada (continued) | |||||
Province of Quebec | 0.200 | 04-07-25 | EUR | 3,630,000 | $3,783,584 |
Province of Quebec | 1.500 | 12-15-23 | GBP | 2,037,000 | 2,544,704 |
Province of Quebec | 3.750 | 09-01-24 | CAD | 3,530,000 | 2,842,950 |
China 0.9% | 18,476,731 | ||||
People’s Republic of China | 1.990 | 04-09-25 | CNY | 34,810,000 | 5,167,950 |
People’s Republic of China | 2.690 | 08-12-26 | CNY | 21,230,000 | 3,208,166 |
People’s Republic of China | 2.880 | 11-05-23 | CNY | 66,520,000 | 10,100,615 |
Colombia 1.0% | 19,997,455 | ||||
Republic of Colombia | 3.250 | 04-22-32 | 4,315,000 | 3,464,119 | |
Republic of Colombia | 4.500 | 03-15-29 | 1,120,000 | 1,038,166 | |
Republic of Colombia | 5.625 | 02-26-44 | 1,120,000 | 937,949 | |
Republic of Colombia | 6.250 | 11-26-25 | COP | 17,345,000,000 | 4,111,541 |
Republic of Colombia | 7.500 | 08-26-26 | COP | 17,735,000,000 | 4,269,207 |
Republic of Colombia | 10.000 | 07-24-24 | COP | 23,096,400,000 | 6,176,473 |
Finland 0.2% | 3,251,167 | ||||
Republic of Finland (A) | 0.500 | 09-15-28 | EUR | 3,180,000 | 3,251,167 |
Germany 0.1% | 2,954,459 | ||||
Federal Republic of Germany, Zero Coupon | 0.000 | 03-15-24 | EUR | 2,770,000 | 2,954,459 |
India 0.1% | 2,859,713 | ||||
Republic of India | 6.100 | 07-12-31 | INR | 166,260,000 | 1,953,466 |
Republic of India | 7.270 | 04-08-26 | INR | 69,990,000 | 906,247 |
Indonesia 2.5% | 49,266,197 | ||||
Republic of Indonesia | 1.100 | 03-12-33 | EUR | 1,191,000 | 993,821 |
Republic of Indonesia (A) | 2.150 | 07-18-24 | EUR | 3,335,000 | 3,591,786 |
Republic of Indonesia | 3.050 | 03-12-51 | 2,570,000 | 2,058,882 | |
Republic of Indonesia | 3.550 | 03-31-32 | 3,440,000 | 3,282,243 | |
Republic of Indonesia | 3.850 | 10-15-30 | 1,650,000 | 1,629,125 | |
Republic of Indonesia | 6.125 | 05-15-28 | IDR | 53,219,000,000 | 3,551,970 |
Republic of Indonesia | 6.375 | 04-15-32 | IDR | 111,122,000,000 | 7,244,438 |
Republic of Indonesia | 6.500 | 06-15-25 | IDR | 154,471,000,000 | 10,820,893 |
Republic of Indonesia | 6.625 | 05-15-33 | IDR | 30,647,000,000 | 1,977,151 |
Republic of Indonesia | 7.500 | 06-15-35 | IDR | 19,373,000,000 | 1,331,929 |
Republic of Indonesia | 7.500 | 05-15-38 | IDR | 15,237,000,000 | 1,025,626 |
Republic of Indonesia | 8.125 | 05-15-24 | IDR | 33,251,000,000 | 2,409,647 |
Republic of Indonesia | 8.375 | 09-15-26 | IDR | 49,203,000,000 | 3,625,494 |
Republic of Indonesia | 8.750 | 05-15-31 | IDR | 48,811,000,000 | 3,670,836 |
Republic of Indonesia | 9.000 | 03-15-29 | IDR | 26,967,000,000 | 2,052,356 |
Ireland 0.5% | 9,174,919 | ||||
Republic of Ireland | 0.200 | 05-15-27 | EUR | 3,850,000 | 3,963,947 |
12 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Ireland (continued) | |||||
Republic of Ireland | 0.350 | 10-18-32 | EUR | 2,025,000 | $1,896,645 |
Republic of Ireland | 1.100 | 05-15-29 | EUR | 3,130,000 | 3,314,327 |
Israel 0.1% | 1,871,021 | ||||
State of Israel | 2.500 | 01-15-30 | 1,985,000 | 1,871,021 | |
Italy 0.6% | 11,229,998 | ||||
Republic of Italy (A) | 0.600 | 08-01-31 | EUR | 2,105,000 | 1,821,231 |
Republic of Italy | 1.250 | 02-17-26 | 3,387,000 | 3,065,574 | |
Republic of Italy (A) | 1.850 | 07-01-25 | EUR | 5,900,000 | 6,343,193 |
Japan 1.0% | 20,167,448 | ||||
Government of Japan | 0.005 | 03-20-27 | JPY | 645,000,000 | 5,009,542 |
Government of Japan | 0.100 | 12-20-23 | JPY | 1,945,000,000 | 15,157,906 |
Malaysia 1.1% | 21,135,899 | ||||
Government of Malaysia | 3.733 | 06-15-28 | MYR | 11,880,000 | 2,685,614 |
Government of Malaysia | 3.828 | 07-05-34 | MYR | 16,630,000 | 3,538,400 |
Government of Malaysia | 3.844 | 04-15-33 | MYR | 14,961,000 | 3,282,633 |
Government of Malaysia | 3.882 | 03-14-25 | MYR | 9,635,000 | 2,225,382 |
Government of Malaysia | 3.899 | 11-16-27 | MYR | 16,709,000 | 3,825,092 |
Government of Malaysia | 3.900 | 11-30-26 | MYR | 8,610,000 | 1,978,989 |
Government of Malaysia | 4.059 | 09-30-24 | MYR | 15,500,000 | 3,599,789 |
Mexico 1.2% | 24,556,648 | ||||
Government of Mexico | 5.000 | 03-06-25 | MXN | 67,860,000 | 3,105,688 |
Government of Mexico | 5.750 | 03-05-26 | MXN | 113,380,000 | 5,186,081 |
Government of Mexico | 7.500 | 06-03-27 | MXN | 202,360,000 | 9,782,541 |
Government of Mexico | 7.750 | 05-29-31 | MXN | 134,460,000 | 6,482,338 |
Netherlands 0.4% | 8,399,065 | ||||
Kingdom of the Netherlands (A) | 2.000 | 07-15-24 | EUR | 7,588,000 | 8,399,065 |
New Zealand 1.5% | 30,032,973 | ||||
Government of New Zealand | 0.500 | 05-15-24 | NZD | 12,820,000 | 7,903,695 |
Government of New Zealand | 0.500 | 05-15-26 | NZD | 13,985,000 | 8,121,607 |
Government of New Zealand | 1.500 | 04-15-26 | NZD | 3,340,000 | 1,970,508 |
Government of New Zealand | 2.250 | 04-15-24 | NZD | 3,100,000 | 1,959,597 |
Government of New Zealand | 4.500 | 04-15-27 | NZD | 1,560,000 | 1,063,051 |
Government of New Zealand | 4.500 | 04-15-27 | NZD | 1,425,000 | 941,549 |
Government of New Zealand | 5.500 | 04-15-23 | NZD | 12,130,000 | 8,072,966 |
Norway 1.5% | 30,539,698 | ||||
Kingdom of Norway (A) | 1.375 | 08-19-30 | NOK | 31,485,000 | 3,030,673 |
Kingdom of Norway (A) | 1.500 | 02-19-26 | NOK | 37,580,000 | 3,856,337 |
Kingdom of Norway (A) | 1.750 | 03-13-25 | NOK | 34,025,000 | 3,555,452 |
Kingdom of Norway (A) | 1.750 | 02-17-27 | NOK | 23,570,000 | 2,417,112 |
Kingdom of Norway (A) | 2.000 | 05-24-23 | NOK | 106,820,000 | 11,412,764 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 13 |
Rate (%) | Maturity date | Par value^ | Value | ||
Norway (continued) | |||||
Kommunalbanken AS | 4.250 | 07-16-25 | AUD | 4,830,000 | $3,538,930 |
Kommunalbanken AS | 5.250 | 07-15-24 | AUD | 3,660,000 | 2,728,430 |
Philippines 0.5% | 9,227,327 | ||||
Republic of the Philippines | 0.875 | 05-17-27 | EUR | 5,500,000 | 5,449,550 |
Republic of the Philippines | 6.250 | 01-14-36 | PHP | 202,000,000 | 3,777,777 |
Portugal 0.2% | 3,383,554 | ||||
Republic of Portugal (A) | 0.700 | 10-15-27 | EUR | 3,290,000 | 3,383,554 |
Qatar 0.2% | 3,007,867 | ||||
State of Qatar (A) | 4.817 | 03-14-49 | 2,795,000 | 3,007,867 | |
Singapore 1.0% | 19,613,395 | ||||
Republic of Singapore | 2.375 | 06-01-25 | SGD | 21,100,000 | 15,397,257 |
Republic of Singapore | 3.375 | 09-01-33 | SGD | 5,470,000 | 4,216,138 |
Spain 0.4% | 7,537,948 | ||||
Kingdom of Spain (A) | 0.250 | 07-30-24 | EUR | 3,615,000 | 3,831,631 |
Kingdom of Spain (A) | 0.800 | 07-30-27 | EUR | 3,585,000 | 3,706,317 |
Sweden 0.3% | 6,119,923 | ||||
Kingdom of Sweden (A) | 0.125 | 04-24-23 | EUR | 5,710,000 | 6,119,923 |
United Arab Emirates 0.4% | 7,895,319 | ||||
Government of Abu Dhabi (A) | 1.700 | 03-02-31 | 3,980,000 | 3,463,794 | |
Government of Abu Dhabi (A) | 3.125 | 04-16-30 | 2,940,000 | 2,895,900 | |
Government of Abu Dhabi (A) | 3.875 | 04-16-50 | 1,625,000 | 1,535,625 | |
United Kingdom 1.2% | 23,903,173 | ||||
Government of United Kingdom | 0.125 | 01-31-24 | GBP | 3,990,000 | 4,903,840 |
Government of United Kingdom | 0.250 | 01-31-25 | GBP | 3,330,000 | 4,036,907 |
Government of United Kingdom | 0.500 | 07-22-22 | GBP | 11,885,000 | 14,962,426 |
Corporate bonds 47.6% | $935,175,940 | ||||
(Cost $1,032,251,310) | |||||
Communication services 6.3% | 124,022,047 | ||||
Diversified telecommunication services 0.2% | |||||
Cellnex Telecom SA | 1.875 | 06-26-29 | EUR | 1,400,000 | 1,251,434 |
CT Trust (A) | 5.125 | 02-03-32 | 1,835,000 | 1,640,857 | |
Kenbourne Invest SA (A) | 4.700 | 01-22-28 | 1,630,000 | 1,318,214 | |
Entertainment 0.3% | |||||
Netflix, Inc. | 4.875 | 04-15-28 | 3,455,000 | 3,425,526 | |
WMG Acquisition Corp. (A)(B) | 3.000 | 02-15-31 | 1,545,000 | 1,324,065 | |
Interactive media and services 0.1% | |||||
Match Group Holdings II LLC (A) | 4.125 | 08-01-30 | 2,690,000 | 2,393,481 |
14 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Communication services (continued) | |||||
Media 3.9% | |||||
Altice Financing SA (A) | 5.000 | 01-15-28 | 4,615,000 | $4,181,167 | |
CCO Holdings LLC (A) | 4.250 | 02-01-31 | 745,000 | 657,239 | |
CCO Holdings LLC (A) | 4.500 | 08-15-30 | 4,915,000 | 4,438,737 | |
CCO Holdings LLC (A) | 4.500 | 06-01-33 | 2,340,000 | 2,013,769 | |
CCO Holdings LLC (A) | 4.750 | 03-01-30 | 6,615,000 | 6,102,338 | |
CCO Holdings LLC (A) | 5.125 | 05-01-27 | 7,910,000 | 7,796,096 | |
Charter Communications Operating LLC | 2.800 | 04-01-31 | 2,985,000 | 2,495,143 | |
Charter Communications Operating LLC | 5.125 | 07-01-49 | 9,195,000 | 8,097,116 | |
Charter Communications Operating LLC | 5.750 | 04-01-48 | 5,180,000 | 5,025,405 | |
Charter Communications Operating LLC | 6.484 | 10-23-45 | 5,105,000 | 5,270,718 | |
Globo Comunicacao e Participacoes SA (A)(B) | 4.875 | 01-22-30 | 3,410,000 | 2,941,347 | |
Globo Comunicacao e Participacoes SA (A) | 5.500 | 01-14-32 | 2,790,000 | 2,385,890 | |
LCPR Senior Secured Financing DAC (A) | 5.125 | 07-15-29 | 3,535,000 | 3,215,966 | |
News Corp. (A) | 3.875 | 05-15-29 | 7,765,000 | 7,182,936 | |
Sirius XM Radio, Inc. (A) | 4.125 | 07-01-30 | 4,245,000 | 3,825,806 | |
Virgin Media Secured Finance PLC (A) | 4.500 | 08-15-30 | 2,250,000 | 2,035,575 | |
Virgin Media Secured Finance PLC (A) | 5.500 | 05-15-29 | 3,814,000 | 3,750,268 | |
VTR Comunicaciones SpA (A) | 4.375 | 04-15-29 | 2,025,000 | 1,549,125 | |
VTR Comunicaciones SpA (A) | 5.125 | 01-15-28 | 1,908,000 | 1,553,360 | |
VTR Finance NV (A) | 6.375 | 07-15-28 | 2,435,000 | 2,047,543 | |
Wireless telecommunication services 1.8% | |||||
Millicom International Cellular SA (A) | 4.500 | 04-27-31 | 1,895,000 | 1,636,010 | |
Millicom International Cellular SA (A) | 6.250 | 03-25-29 | 1,575,000 | 1,541,138 | |
Rogers Communications, Inc. (5.000% to 12-17-26, then 5 Year Canada Government Bond Yield + 3.575%) | 5.000 | 12-17-81 | CAD | 1,774,000 | 1,319,676 |
T-Mobile USA, Inc. | 2.625 | 04-15-26 | 1,070,000 | 1,009,930 | |
T-Mobile USA, Inc. | 2.625 | 02-15-29 | 1,965,000 | 1,740,322 | |
T-Mobile USA, Inc. | 2.875 | 02-15-31 | 1,815,000 | 1,592,699 | |
T-Mobile USA, Inc. | 3.375 | 04-15-29 | 2,160,000 | 2,000,970 | |
T-Mobile USA, Inc. | 3.500 | 04-15-31 | 1,530,000 | 1,396,561 | |
T-Mobile USA, Inc. (A) | 3.500 | 04-15-31 | 2,070,000 | 1,889,465 | |
T-Mobile USA, Inc. | 3.875 | 04-15-30 | 6,900,000 | 6,635,387 | |
T-Mobile USA, Inc. | 4.750 | 02-01-28 | 740,000 | 742,257 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 15 |
Rate (%) | Maturity date | Par value^ | Value | ||
Communication services (continued) | |||||
Wireless telecommunication services (continued) | |||||
Vmed O2 UK Financing I PLC (A) | 3.250 | 01-31-31 | EUR | 3,235,000 | $2,947,486 |
Vmed O2 UK Financing I PLC (A) | 4.250 | 01-31-31 | 13,165,000 | 11,651,025 | |
Consumer discretionary 4.7% | 93,109,913 | ||||
Automobiles 1.1% | |||||
BMW Finance NV | 1.000 | 11-14-24 | EUR | 1,495,000 | 1,591,275 |
Ford Motor Company | 3.250 | 02-12-32 | 2,915,000 | 2,464,195 | |
Ford Motor Credit Company LLC | 2.748 | 06-14-24 | GBP | 1,490,000 | 1,783,142 |
Ford Motor Credit Company LLC | 2.900 | 02-16-28 | 1,605,000 | 1,395,933 | |
Ford Motor Credit Company LLC | 3.625 | 06-17-31 | 5,870,000 | 5,075,202 | |
Ford Motor Credit Company LLC | 4.000 | 11-13-30 | 3,145,000 | 2,830,500 | |
Ford Motor Credit Company LLC | 4.125 | 08-17-27 | 740,000 | 701,150 | |
Ford Motor Credit Company LLC | 4.542 | 08-01-26 | 2,085,000 | 2,046,136 | |
Ford Motor Credit Company LLC | 4.950 | 05-28-27 | 3,315,000 | 3,299,361 | |
Hotels, restaurants and leisure 3.4% | |||||
Carnival Corp. (A) | 5.750 | 03-01-27 | 7,525,000 | 6,675,992 | |
Hilton Domestic Operating Company, Inc. (A) | 3.625 | 02-15-32 | 2,185,000 | 1,895,488 | |
Hilton Domestic Operating Company, Inc. | 4.875 | 01-15-30 | 1,300,000 | 1,275,892 | |
Hilton Domestic Operating Company, Inc. (A) | 5.375 | 05-01-25 | 1,715,000 | 1,741,068 | |
Hyatt Hotels Corp. | 6.000 | 04-23-30 | 3,416,000 | 3,567,690 | |
Life Time, Inc. (A) | 5.750 | 01-15-26 | 5,495,000 | 5,283,772 | |
MGM Resorts International | 4.750 | 10-15-28 | 470,000 | 427,773 | |
New Red Finance, Inc. (A) | 3.500 | 02-15-29 | 2,639,000 | 2,419,686 | |
New Red Finance, Inc. (A) | 3.875 | 01-15-28 | 1,833,000 | 1,729,894 | |
New Red Finance, Inc. (A) | 4.000 | 10-15-30 | 12,599,000 | 11,104,822 | |
Papa John’s International, Inc. (A) | 3.875 | 09-15-29 | 2,650,000 | 2,371,618 | |
Royal Caribbean Cruises, Ltd. (A) | 4.250 | 07-01-26 | 3,295,000 | 2,812,645 | |
Royal Caribbean Cruises, Ltd. (A) | 5.500 | 04-01-28 | 5,700,000 | 4,810,287 | |
Travel + Leisure Company (A) | 4.500 | 12-01-29 | 4,124,000 | 3,639,430 | |
Travel + Leisure Company (A) | 6.625 | 07-31-26 | 1,723,000 | 1,768,900 | |
Yum! Brands, Inc. | 3.625 | 03-15-31 | 9,300,000 | 8,225,315 | |
Yum! Brands, Inc. | 4.625 | 01-31-32 | 4,030,000 | 3,760,514 | |
Yum! Brands, Inc. (A) | 4.750 | 01-15-30 | 4,630,000 | 4,456,375 | |
Internet and direct marketing retail 0.2% | |||||
MercadoLibre, Inc. | 2.375 | 01-14-26 | 1,125,000 | 1,022,355 | |
MercadoLibre, Inc. | 3.125 | 01-14-31 | 3,665,000 | 2,933,503 | |
Consumer staples 2.9% | 57,388,810 | ||||
Beverages 0.2% | |||||
Becle SAB de CV (A) | 2.500 | 10-14-31 | 3,855,000 | 3,288,778 |
16 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer staples (continued) | |||||
Food products 2.4% | |||||
JBS Finance Luxembourg Sarl (A) | 3.625 | 01-15-32 | 4,805,000 | $4,070,267 | |
Kraft Heinz Foods Company | 3.000 | 06-01-26 | 2,718,000 | 2,627,248 | |
Kraft Heinz Foods Company | 3.875 | 05-15-27 | 445,000 | 439,851 | |
Kraft Heinz Foods Company | 4.250 | 03-01-31 | 6,490,000 | 6,342,070 | |
Kraft Heinz Foods Company | 4.375 | 06-01-46 | 1,180,000 | 1,036,145 | |
Kraft Heinz Foods Company | 4.625 | 10-01-39 | 3,460,000 | 3,192,744 | |
Kraft Heinz Foods Company | 6.875 | 01-26-39 | 5,790,000 | 6,667,221 | |
Kraft Heinz Foods Company (A) | 7.125 | 08-01-39 | 750,000 | 877,858 | |
MARB BondCo PLC (A) | 3.950 | 01-29-31 | 6,410,000 | 5,353,312 | |
NBM US Holdings, Inc. (A)(B) | 7.000 | 05-14-26 | 3,158,000 | 3,262,214 | |
Post Holdings, Inc. (A) | 4.500 | 09-15-31 | 3,295,000 | 2,891,363 | |
Post Holdings, Inc. (A) | 4.625 | 04-15-30 | 4,235,000 | 3,798,922 | |
Post Holdings, Inc. (A) | 5.500 | 12-15-29 | 1,050,000 | 999,794 | |
Post Holdings, Inc. (A) | 5.625 | 01-15-28 | 6,520,000 | 6,463,048 | |
Personal products 0.3% | |||||
Natura & Company Luxembourg Holdings Sarl (A) | 6.000 | 04-19-29 | 1,860,000 | 1,806,544 | |
Natura Cosmeticos SA (A)(B) | 4.125 | 05-03-28 | 3,645,000 | 3,290,656 | |
Oriflame Investment Holding PLC (A)(B) | 5.125 | 05-04-26 | 1,453,000 | 980,775 | |
Energy 7.3% | 142,402,189 | ||||
Oil, gas and consumable fuels 7.3% | |||||
Aker BP ASA (A) | 3.750 | 01-15-30 | 3,615,000 | 3,368,864 | |
Antero Resources Corp. (A) | 5.375 | 03-01-30 | 3,725,000 | 3,778,007 | |
Cenovus Energy, Inc. | 3.500 | 02-07-28 | CAD | 2,280,000 | 1,703,065 |
Cenovus Energy, Inc. | 5.250 | 06-15-37 | 886,000 | 897,675 | |
Cenovus Energy, Inc. | 5.400 | 06-15-47 | 3,483,000 | 3,550,876 | |
Cenovus Energy, Inc. | 6.750 | 11-15-39 | 8,785,000 | 9,894,453 | |
Cheniere Energy Partners LP | 4.000 | 03-01-31 | 5,805,000 | 5,362,369 | |
Cheniere Energy Partners LP | 4.500 | 10-01-29 | 1,805,000 | 1,760,886 | |
Continental Resources, Inc. (A) | 2.875 | 04-01-32 | 5,519,000 | 4,626,688 | |
Continental Resources, Inc. (A) | 5.750 | 01-15-31 | 6,796,000 | 6,986,152 | |
Ecopetrol SA | 4.625 | 11-02-31 | 2,125,000 | 1,838,125 | |
Ecopetrol SA | 5.375 | 06-26-26 | 1,115,000 | 1,104,998 | |
Ecopetrol SA | 5.875 | 05-28-45 | 1,130,000 | 920,950 | |
Ecopetrol SA | 6.875 | 04-29-30 | 2,250,000 | 2,271,094 | |
Enbridge, Inc. | 3.125 | 11-15-29 | 5,030,000 | 4,664,566 | |
Enterprise Products Operating LLC | 3.125 | 07-31-29 | 6,165,000 | 5,777,916 | |
EQT Corp. (A) | 3.125 | 05-15-26 | 890,000 | 839,048 | |
EQT Corp. (A) | 3.625 | 05-15-31 | 10,385,000 | 9,329,750 | |
EQT Corp. | 3.900 | 10-01-27 | 1,464,000 | 1,411,135 |
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) | |||||
Inversiones Latin America Power Ltda (A) | 5.125 | 06-15-33 | 2,740,725 | $1,849,989 | |
Kinder Morgan, Inc. | 5.300 | 12-01-34 | 2,695,000 | 2,761,801 | |
MC Brazil Downstream Trading SARL (A) | 7.250 | 06-30-31 | 4,570,000 | 4,073,013 | |
Medco Bell Pte, Ltd. (A) | 6.375 | 01-30-27 | 760,000 | 703,380 | |
Medco Oak Tree Pte, Ltd. (A) | 7.375 | 05-14-26 | 2,275,000 | 2,207,888 | |
Occidental Petroleum Corp. | 3.200 | 08-15-26 | 698,000 | 673,525 | |
Occidental Petroleum Corp. | 3.400 | 04-15-26 | 3,255,000 | 3,165,276 | |
Occidental Petroleum Corp. | 6.125 | 01-01-31 | 3,520,000 | 3,819,200 | |
Occidental Petroleum Corp. | 6.625 | 09-01-30 | 5,275,000 | 5,913,301 | |
Occidental Petroleum Corp. | 7.500 | 05-01-31 | 1,545,000 | 1,852,463 | |
Ovintiv, Inc. | 6.500 | 08-15-34 | 2,535,000 | 2,770,588 | |
Ovintiv, Inc. | 6.500 | 02-01-38 | 2,670,000 | 2,895,756 | |
Pertamina Persero PT (A) | 3.100 | 01-21-30 | 1,000,000 | 907,500 | |
Pertamina Persero PT (A) | 3.650 | 07-30-29 | 1,085,000 | 1,027,106 | |
Petrobras Global Finance BV | 6.900 | 03-19-49 | 4,875,000 | 4,602,341 | |
Petrorio Luxembourg Trading Sarl (A) | 6.125 | 06-09-26 | 2,400,000 | 2,301,624 | |
Qatar Energy (A) | 2.250 | 07-12-31 | 1,775,000 | 1,574,049 | |
Qatar Energy (A) | 3.300 | 07-12-51 | 1,405,000 | 1,155,461 | |
Saudi Arabian Oil Company (A) | 4.250 | 04-16-39 | 3,820,000 | 3,687,454 | |
Saudi Arabian Oil Company (A) | 4.375 | 04-16-49 | 2,930,000 | 2,775,296 | |
Southwestern Energy Company | 5.950 | 01-23-25 | 75,000 | 77,474 | |
Targa Resources Partners LP | 4.000 | 01-15-32 | 2,375,000 | 2,167,188 | |
The Williams Companies, Inc. | 3.500 | 11-15-30 | 8,945,000 | 8,317,005 | |
TransCanada PipeLines, Ltd. | 4.100 | 04-15-30 | 6,900,000 | 6,810,553 | |
Transcontinental Gas Pipe Line Company LLC | 3.250 | 05-15-30 | 585,000 | 541,462 | |
Western Midstream Operating LP | 4.550 | 02-01-30 | 3,855,000 | 3,684,879 | |
Financials 9.1% | 178,297,940 | ||||
Banks 5.7% | |||||
Asian Development Bank | 3.500 | 05-30-24 | NZD | 3,050,000 | 1,967,295 |
Banco Actinver SA (A) | 4.800 | 12-18-32 | 775,000 | 522,156 | |
Banco Actinver SA (A) | 9.500 | 12-18-32 | MXN | 44,200,000 | 1,496,878 |
Banco Santander SA (4.750% to 11-12-26, then 5 Year CMT + 3.753%) (C) | 4.750 | 11-12-26 | 3,600,000 | 3,165,476 | |
Bank of Montreal (3 month CDOR + 0.190%) (D) | 2.023 | 02-01-24 | CAD | 5,825,000 | 4,609,848 |
Barclays PLC (4.375% to 3-15-28, then 5 Year CMT + 3.410%) (C) | 4.375 | 03-15-28 | 4,690,000 | 3,940,891 | |
BNG Bank NV | 0.250 | 06-07-24 | EUR | 1,950,000 | 2,067,481 |
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 (4.500% to 2-25-30, then 5 Year CMT + 2.944%) (A)(B)(C) | 4.500 | 02-25-30 | 3,665,000 | $3,099,674 | |
BNP Paribas SA (4.625% to 2-25-31, then 5 Year CMT + 3.340%) (A)(C) | 4.625 | 02-25-31 | 6,570,000 | 5,400,340 | |
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 | 764,742 | |
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 | 3,539,347 | |
European Investment Bank (SONIA + 0.350%) (D) | 1.113 | 06-29-23 | GBP | 2,080,000 | 2,628,766 |
European Investment Bank | 1.750 | 03-13-25 | NOK | 6,900,000 | 720,053 |
ING Groep NV (4.250% to 5-16-31, then 5 Year CMT + 2.862%) (C) | 4.250 | 05-16-31 | 3,805,000 | 2,880,966 | |
ING Groep NV (5.750% to 11-16-26, then 5 Year CMT + 4.342%) (C) | 5.750 | 11-16-26 | 4,266,000 | 4,109,756 | |
Inter-American Development Bank | 2.700 | 01-29-26 | AUD | 2,852,000 | 1,988,712 |
Inter-American Development Bank | 2.750 | 10-30-25 | AUD | 2,380,000 | 1,666,079 |
International Bank for Reconstruction & Development | 1.800 | 01-19-27 | CAD | 3,150,000 | 2,351,274 |
International Bank for Reconstruction & Development | 1.900 | 01-16-25 | CAD | 5,120,000 | 3,941,329 |
International Bank for Reconstruction & Development | 2.500 | 01-24-24 | NZD | 3,951,000 | 2,515,593 |
International Bank for Reconstruction & Development | 2.875 | 11-30-26 | NZD | 3,585,000 | 2,215,664 |
International Bank for Reconstruction & Development | 6.750 | 02-04-24 | BRL | 3,200,000 | 624,830 |
International Finance Corp. | 2.550 | 09-18-23 | CNY | 15,030,000 | 2,255,754 |
Intesa Sanpaolo SpA (4.198% to 6-1-31, then 1 Year CMT + 2.600%) (A) | 4.198 | 06-01-32 | 3,444,000 | 2,820,915 | |
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 | 933,731 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 19 |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Banks (continued) | |||||
KfW | 1.250 | 08-28-23 | NOK | 21,200,000 | $2,240,620 |
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 | 4,231,308 | |
NatWest Group PLC (4.600% to 6-28-31, then 5 Year CMT + 3.100%) (C) | 4.600 | 06-28-31 | 2,010,000 | 1,618,342 | |
NatWest Group PLC (6.000% to 12-29-25, then 5 Year CMT + 5.625%) (C) | 6.000 | 12-29-25 | 3,855,000 | 3,776,516 | |
Nordea Eiendomskreditt AS (3 month NIBOR + 0.300%) (D) | 1.670 | 06-21-23 | NOK | 28,000,000 | 2,995,153 |
Nordea Eiendomskreditt AS (3 month NIBOR + 0.340%) (D) | 1.760 | 06-19-24 | NOK | 31,000,000 | 3,317,054 |
Nordic Investment Bank | 1.875 | 04-10-24 | NOK | 14,710,000 | 1,553,840 |
QNB Finance, Ltd. | 3.500 | 03-28-24 | 1,285,000 | 1,284,950 | |
Royal Bank of Canada (4.200% to 2-24-27, then 5 Year Canada Government Bond Yield + 2.710%) (C) | 4.200 | 02-24-27 | CAD | 3,040,000 | 2,051,991 |
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 | 1,782,569 | |
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 | 2,361,557 | |
U.S. Bancorp | 0.850 | 06-07-24 | EUR | 9,600,000 | 10,167,390 |
U.S. Bancorp | 1.375 | 07-22-30 | 2,090,000 | 1,706,244 | |
U.S. Bancorp (3.700% to 1-15-27, then 5 Year CMT + 2.541%) (C) | 3.700 | 01-15-27 | 6,600,000 | 5,473,708 | |
UniCredit SpA (5.459% to 6-30-30, then 5 Year CMT + 4.750%) (A) | 5.459 | 06-30-35 | 4,305,000 | 3,862,318 | |
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 | 1,556,410 | |
Capital markets 2.0% | |||||
Credit Suisse Group AG (5.100% to 1-24-30, then 5 Year CMT + 3.293%) (A)(B)(C) | 5.100 | 01-24-30 | 1,750,000 | 1,476,005 | |
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 | 3,577,228 | |
Deutsche Bank AG (6.000% to 10-30-25, then 5 Year CMT + 4.524%) (C) | 6.000 | 10-30-25 | 3,600,000 | 3,368,381 | |
MSCI, Inc. (A) | 3.250 | 08-15-33 | 1,875,000 | 1,634,325 |
20 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Capital markets (continued) | |||||
MSCI, Inc. (A) | 3.625 | 09-01-30 | 8,800,000 | $8,059,656 | |
MSCI, Inc. (A) | 3.625 | 11-01-31 | 3,952,000 | 3,575,374 | |
MSCI, Inc. (A) | 3.875 | 02-15-31 | 4,820,000 | 4,495,132 | |
The Goldman Sachs Group, Inc. | 1.375 | 05-15-24 | EUR | 2,552,000 | 2,746,212 |
The Goldman Sachs Group, Inc. | 2.000 | 11-01-28 | EUR | 684,000 | 703,736 |
The Goldman Sachs Group, Inc. | 3.375 | 03-27-25 | EUR | 1,551,000 | 1,726,560 |
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 | 2,244,548 | |
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 | 3,643,781 | |
UBS Group AG (5.125% to 7-29-26, then 5 Year CMT + 4.855%) (C) | 5.125 | 07-29-26 | 2,116,000 | 2,018,135 | |
Consumer finance 0.0% | |||||
Capital One Financial Corp. | 0.800 | 06-12-24 | EUR | 580,000 | 608,372 |
Diversified financial services 0.8% | |||||
Berkshire Hathaway Finance Corp. | 2.375 | 06-19-39 | GBP | 2,250,000 | 2,410,157 |
Berkshire Hathaway, Inc., Zero Coupon | 0.000 | 03-12-25 | EUR | 3,780,000 | 3,891,508 |
Mexico Remittances Funding Fiduciary Estate Management Sarl (A) | 4.875 | 01-15-28 | 2,875,000 | 2,407,841 | |
Swiss Insured Brazil Power Finance Sarl (A) | 9.850 | 07-16-32 | BRL | 30,934,263 | 5,906,901 |
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 | 10,008,540 | |
Mortgage real estate investment trusts 0.1% | |||||
Starwood Property Trust, Inc. (A) | 4.375 | 01-15-27 | 1,685,000 | 1,588,028 | |
Health care 4.0% | 78,580,008 | ||||
Health care equipment and supplies 0.4% | |||||
Becton Dickinson Euro Finance Sarl | 1.208 | 06-04-26 | EUR | 2,800,000 | 2,894,715 |
Boston Scientific Corp. | 0.625 | 12-01-27 | EUR | 4,250,000 | 4,152,393 |
Health care providers and services 3.0% | |||||
Centene Corp. | 2.500 | 03-01-31 | 4,160,000 | 3,546,400 | |
Centene Corp. | 3.000 | 10-15-30 | 7,975,000 | 7,094,082 | |
Centene Corp. | 3.375 | 02-15-30 | 8,940,000 | 8,202,450 | |
Centene Corp. | 4.625 | 12-15-29 | 1,170,000 | 1,153,082 | |
HCA, Inc. | 3.500 | 09-01-30 | 21,595,000 | 19,691,902 |
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) | |||||
HCA, Inc. | 4.125 | 06-15-29 | 10,315,000 | $9,992,387 | |
HCA, Inc. | 5.375 | 02-01-25 | 7,048,000 | 7,285,447 | |
Rede D’or Finance Sarl (A) | 4.500 | 01-22-30 | 1,336,000 | 1,164,337 | |
Rede D’or Finance Sarl (A)(B) | 4.950 | 01-17-28 | 2,126,000 | 1,992,615 | |
Life sciences tools and services 0.4% | |||||
Thermo Fisher Scientific, Inc. | 0.500 | 03-01-28 | EUR | 2,130,000 | 2,088,917 |
Thermo Fisher Scientific, Inc. | 0.750 | 09-12-24 | EUR | 1,699,000 | 1,798,742 |
Thermo Fisher Scientific, Inc. | 1.375 | 09-12-28 | EUR | 1,595,000 | 1,637,515 |
Thermo Fisher Scientific, Inc. | 1.400 | 01-23-26 | EUR | 2,566,000 | 2,716,934 |
Pharmaceuticals 0.2% | |||||
Allergan Funding SCS | 1.250 | 06-01-24 | EUR | 1,870,000 | 1,958,065 |
Allergan Funding SCS | 2.625 | 11-15-28 | EUR | 1,145,000 | 1,210,025 |
Industrials 5.1% | 99,604,235 | ||||
Aerospace and defense 1.0% | |||||
Airbus SE | 1.625 | 06-09-30 | EUR | 1,135,000 | 1,165,294 |
DAE Funding LLC (A) | 3.375 | 03-20-28 | 2,895,000 | 2,583,788 | |
The Boeing Company | 5.040 | 05-01-27 | 4,165,000 | 4,184,710 | |
The Boeing Company | 5.150 | 05-01-30 | 11,510,000 | 11,443,115 | |
Air freight and logistics 0.2% | |||||
Simpar Europe SA (A) | 5.200 | 01-26-31 | 1,400,000 | 1,155,000 | |
Simpar Finance Sarl (A) | 10.750 | 02-12-28 | BRL | 13,825,000 | 2,387,387 |
Airlines 2.4% | |||||
American Airlines, Inc. (A) | 5.500 | 04-20-26 | 4,460,000 | 4,411,431 | |
American Airlines, Inc. (A) | 5.750 | 04-20-29 | 3,630,000 | 3,507,488 | |
Delta Air Lines 2020-1 Class A Pass Through Trust | 2.500 | 06-10-28 | 1,793,758 | 1,644,386 | |
Delta Air Lines, Inc. | 2.900 | 10-28-24 | 5,360,000 | 5,197,726 | |
Delta Air Lines, Inc. (B) | 4.375 | 04-19-28 | 4,580,000 | 4,338,955 | |
Delta Air Lines, Inc. (A) | 4.500 | 10-20-25 | 1,415,000 | 1,411,611 | |
Delta Air Lines, Inc. (A) | 4.750 | 10-20-28 | 19,628,000 | 19,601,533 | |
Delta Air Lines, Inc. | 7.375 | 01-15-26 | 2,535,000 | 2,725,125 | |
United Airlines, Inc. (A) | 4.375 | 04-15-26 | 2,170,000 | 2,094,142 | |
United Airlines, Inc. (A) | 4.625 | 04-15-29 | 2,940,000 | 2,758,308 | |
Building products 0.2% | |||||
Johnson Controls International PLC | 0.375 | 09-15-27 | EUR | 1,080,000 | 1,044,624 |
Owens Corning | 3.950 | 08-15-29 | 1,980,000 | 1,898,509 | |
Construction and engineering 0.2% | |||||
AECOM | 5.125 | 03-15-27 | 3,078,000 | 3,073,999 | |
Professional services 0.0% | |||||
CoStar Group, Inc. (A) | 2.800 | 07-15-30 | 1,121,000 | 968,723 |
22 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Road and rail 0.3% | |||||
Indian Railway Finance Corp., Ltd. (A) | 3.249 | 02-13-30 | 2,545,000 | $2,247,308 | |
Movida Europe SA (A) | 5.250 | 02-08-31 | 1,085,000 | 894,593 | |
The Hertz Corp. (A) | 5.000 | 12-01-29 | 3,955,000 | 3,470,513 | |
Trading companies and distributors 0.8% | |||||
United Rentals North America, Inc. | 3.875 | 02-15-31 | 6,810,000 | 6,184,331 | |
United Rentals North America, Inc. | 4.000 | 07-15-30 | 2,620,000 | 2,429,513 | |
United Rentals North America, Inc. | 4.875 | 01-15-28 | 5,175,000 | 5,162,063 | |
United Rentals North America, Inc. | 5.500 | 05-15-27 | 1,608,000 | 1,620,060 | |
Information technology 1.4% | 26,732,104 | ||||
IT services 0.6% | |||||
Fidelity National Information Services, Inc. | 1.500 | 05-21-27 | EUR | 2,980,000 | 3,048,123 |
Fiserv, Inc. | 1.125 | 07-01-27 | EUR | 1,100,000 | 1,102,847 |
Gartner, Inc. (A) | 3.750 | 10-01-30 | 6,885,000 | 6,385,838 | |
Semiconductors and semiconductor equipment 0.1% | |||||
SK Hynix, Inc. (A) | 1.500 | 01-19-26 | 2,185,000 | 1,990,017 | |
Technology hardware, storage and peripherals 0.7% | |||||
Apple, Inc., Zero Coupon | 0.000 | 11-15-25 | EUR | 2,350,000 | 2,406,859 |
Apple, Inc. | 0.875 | 05-24-25 | EUR | 3,215,000 | 3,405,095 |
Atento Luxco 1 SA (A)(B) | 8.000 | 02-10-26 | 2,199,000 | 1,737,480 | |
CDW LLC | 4.250 | 04-01-28 | 2,675,000 | 2,554,973 | |
Dell International LLC | 8.350 | 07-15-46 | 3,112,000 | 4,100,872 | |
Materials 3.6% | 70,927,611 | ||||
Chemicals 0.6% | |||||
Braskem Idesa SAPI (A) | 6.990 | 02-20-32 | 2,345,000 | 2,070,658 | |
Braskem Netherlands Finance BV (A) | 4.500 | 01-31-30 | 2,328,000 | 2,180,172 | |
Braskem Netherlands Finance BV (A)(B) | 5.875 | 01-31-50 | 990,000 | 893,385 | |
Ecolab, Inc. | 1.000 | 01-15-24 | EUR | 2,705,000 | 2,903,284 |
FS Luxembourg Sarl (A) | 10.000 | 12-15-25 | 3,975,000 | 4,192,671 | |
Construction materials 0.5% | |||||
Cemex SAB de CV (A) | 3.875 | 07-11-31 | 5,755,000 | 4,877,363 | |
St. Mary’s Cement, Inc. (A) | 5.750 | 01-28-27 | 4,145,000 | 4,217,233 | |
Containers and packaging 1.4% | |||||
Ardagh Metal Packaging Finance USA LLC (A) | 3.000 | 09-01-29 | EUR | 1,495,000 | 1,276,653 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 23 |
Rate (%) | Maturity date | Par value^ | Value | ||
Materials (continued) | |||||
Containers and packaging (continued) | |||||
Ardagh Metal Packaging Finance USA LLC (A) | 3.250 | 09-01-28 | 4,345,000 | $3,866,181 | |
Avery Dennison Corp. | 1.250 | 03-03-25 | EUR | 2,100,000 | 2,202,042 |
Ball Corp. | 2.875 | 08-15-30 | 3,620,000 | 3,131,300 | |
Ball Corp. | 4.875 | 03-15-26 | 5,925,000 | 6,033,131 | |
Ball Corp. | 5.250 | 07-01-25 | 6,440,000 | 6,568,800 | |
Berry Global, Inc. (A) | 5.625 | 07-15-27 | 3,790,000 | 3,764,152 | |
Metals and mining 1.1% | |||||
Cleveland-Cliffs, Inc. (A)(B) | 4.875 | 03-01-31 | 3,640,000 | 3,432,811 | |
FMG Resources August 2006 Proprietary, Ltd. (A) | 4.375 | 04-01-31 | 6,544,000 | 5,832,340 | |
Freeport-McMoRan, Inc. | 4.125 | 03-01-28 | 635,000 | 608,933 | |
Freeport-McMoRan, Inc. | 4.625 | 08-01-30 | 4,475,000 | 4,328,757 | |
Freeport-McMoRan, Inc. | 5.450 | 03-15-43 | 8,690,000 | 8,547,745 | |
Real estate 1.4% | 27,989,653 | ||||
Equity real estate investment trusts 1.4% | |||||
American Tower Corp. | 0.500 | 01-15-28 | EUR | 2,035,000 | 1,884,465 |
American Tower Corp. | 1.950 | 05-22-26 | EUR | 1,450,000 | 1,517,114 |
Crown Castle International Corp. | 2.250 | 01-15-31 | 660,000 | 552,127 | |
Host Hotels & Resorts LP | 3.375 | 12-15-29 | 970,000 | 871,737 | |
Host Hotels & Resorts LP | 3.500 | 09-15-30 | 975,000 | 869,775 | |
SBA Communications Corp. | 3.125 | 02-01-29 | 4,325,000 | 3,846,655 | |
SBA Communications Corp. | 3.875 | 02-15-27 | 10,610,000 | 10,372,601 | |
VICI Properties LP (A) | 4.125 | 08-15-30 | 3,450,000 | 3,164,444 | |
VICI Properties LP (A) | 4.625 | 12-01-29 | 1,395,000 | 1,311,300 | |
VICI Properties LP | 5.125 | 05-15-32 | 3,630,000 | 3,599,435 | |
Utilities 1.8% | 36,121,430 | ||||
Electric utilities 1.0% | |||||
EDP Finance BV | 0.375 | 09-16-26 | EUR | 545,000 | 546,418 |
FirstEnergy Corp. | 4.400 | 07-15-27 | 4,060,000 | 4,029,550 | |
FirstEnergy Corp. | 7.375 | 11-15-31 | 7,070,000 | 8,349,458 | |
Israel Electric Corp., Ltd. (A) | 6.875 | 06-21-23 | 1,415,000 | 1,464,378 | |
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara (A) | 4.125 | 05-15-27 | 1,414,000 | 1,389,184 | |
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara (A) | 5.450 | 05-21-28 | 3,805,000 | 3,919,150 | |
Independent power and renewable electricity producers 0.7% | |||||
DPL, Inc. | 4.125 | 07-01-25 | 5,515,000 | 5,294,400 | |
Greenko Dutch BV (A) | 3.850 | 03-29-26 | 2,774,200 | 2,538,393 | |
Greenko Solar Mauritius, Ltd. (A) | 5.550 | 01-29-25 | 1,660,000 | 1,619,330 | |
Greenko Wind Projects Mauritius, Ltd. (A) | 5.500 | 04-06-25 | 3,690,000 | 3,590,370 |
24 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Utilities (continued) | |||||
Independent power and renewable electricityproducers (continued) | |||||
The AES Corp. (A) | 3.950 | 07-15-30 | 725,000 | $672,583 | |
Multi-utilities 0.1% | |||||
E.ON SE | 0.375 | 09-29-27 | EUR | 1,360,000 | 1,332,622 |
Engie SA | 0.375 | 06-21-27 | EUR | 1,400,000 | 1,375,594 |
Convertible bonds 1.8% | $35,991,891 | ||||
(Cost $40,645,928) | |||||
Communication services 0.6% | 11,854,935 | ||||
Media 0.6% | |||||
Liberty Broadband Corp. (A) | 1.250 | 09-30-50 | 5,530,000 | 5,213,004 | |
Liberty Broadband Corp. (A) | 2.750 | 09-30-50 | 4,005,000 | 3,885,768 | |
Liberty Media Corp. (A) | 0.500 | 12-01-50 | 2,275,000 | 2,756,163 | |
Consumer discretionary 0.1% | 3,063,225 | ||||
Specialty retail 0.1% | |||||
Burlington Stores, Inc. | 2.250 | 04-15-25 | 2,820,000 | 3,063,225 | |
Industrials 1.1% | 21,073,731 | ||||
Airlines 0.9% | |||||
Air Canada | 4.000 | 07-01-25 | 2,300,000 | 3,107,193 | |
American Airlines Group, Inc. | 6.500 | 07-01-25 | 6,240,000 | 8,350,760 | |
Southwest Airlines Company | 1.250 | 05-01-25 | 4,210,000 | 5,750,860 | |
Road and rail 0.2% | |||||
Uber Technologies, Inc. (E) | 4.677 | 12-15-25 | 4,555,000 | 3,864,918 | |
Capital preferred securities 0.2% | $2,923,851 | ||||
(Cost $3,623,421) | |||||
Financials 0.2% | 2,923,851 | ||||
Banks 0.2% | |||||
USB Capital IX (Greater of 3 month LIBOR + 1.020% or 3.500%) (C)(D) | 3.500 | 06-27-22 | 4,135,000 | 2,923,851 | |
Term loans (F) 9.3% | $183,015,278 | ||||
(Cost $189,682,038) | |||||
Communication services 1.2% | 23,562,586 | ||||
Entertainment 0.2% | |||||
WMG Acquisition Corp., 2021 Term Loan G (1 month LIBOR + 2.125%) | 3.185 | 01-20-28 | 4,495,000 | 4,361,094 | |
Media 0.6% | |||||
AP Core Holdings II LLC, Amortization Term Loan B1 (1 month LIBOR + 5.500%) | 6.560 | 09-01-27 | 3,349,125 | 3,164,923 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 25 |
Rate (%) | Maturity date | Par value^ | Value | ||
Communication services (continued) | |||||
Media (continued) | |||||
AP Core Holdings II LLC, High-Yield Term Loan B2 (1 month LIBOR + 5.500%) | 6.560 | 09-01-27 | 2,375,000 | $2,262,188 | |
Univision Communications, Inc., 2021 First Lien Term Loan B (1 month LIBOR + 3.250%) | 4.310 | 03-15-26 | 5,394,238 | 5,225,668 | |
Wireless telecommunication services 0.4% | |||||
SBA Senior Finance II LLC, 2018 Term Loan B (G) | TBD | 04-11-25 | 8,748,260 | 8,548,713 | |
Consumer discretionary 2.9% | 56,717,186 | ||||
Diversified consumer services 0.3% | |||||
APX Group, Inc., 2021 Term Loan B (Prime rate + 2.500% and 1 month LIBOR + 3.500%) | 4.375 | 07-10-28 | 1,731,300 | 1,648,250 | |
Whatabrands LLC, 2021 Term Loan B (1 month LIBOR + 3.250%) | 4.310 | 08-03-28 | 3,807,458 | 3,598,047 | |
Hotels, restaurants and leisure 2.0% | |||||
Aramark Services, Inc., 2018 Term Loan B3 (1 month LIBOR + 1.750%) | 2.810 | 03-11-25 | 5,295,000 | 5,153,782 | |
Bally’s Corp., 2021 Term Loan B (1 month LIBOR + 3.250%) | 4.050 | 10-02-28 | 2,413,950 | 2,310,271 | |
Carnival Corp., 2021 Incremental Term Loan B (3 month LIBOR + 3.250%) | 4.000 | 10-18-28 | 2,309,213 | 2,192,782 | |
Carnival Corp., USD Term Loan B (3 month LIBOR + 3.000%) | 3.750 | 06-30-25 | 4,465,909 | 4,292,855 | |
Fertitta Entertainment LLC, 2022 Term Loan B (1 month CME Term SOFR + 4.000%) | 5.034 | 01-27-29 | 1,510,000 | 1,442,911 | |
Hilton Grand Vacations Borrower LLC, 2021 Term Loan B (1 month LIBOR + 3.000%) | 4.060 | 08-02-28 | 2,748,158 | 2,667,994 | |
Hilton Worldwide Finance LLC, 2019 Term Loan B2 (1 month LIBOR + 1.750%) | 2.756 | 06-22-26 | 3,905,000 | 3,798,042 | |
KFC Holding Company, 2021 Term Loan B (3 month LIBOR + 1.750%) | 2.686 | 03-15-28 | 7,010,419 | 6,900,916 | |
Marriott Ownership Resorts, Inc., 2019 Term Loan B (1 month LIBOR + 1.750%) | 2.810 | 08-29-25 | 3,655,000 | 3,540,014 | |
New Red Finance, Inc., Term Loan B4 (1 month LIBOR + 1.750%) | 2.810 | 11-19-26 | 7,864,393 | 7,554,772 |
26 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary (continued) | |||||
Household durables 0.2% | |||||
Hunter Douglas, Inc., USD Term Loan B1 (3 month SOFR + 3.500%) | 4.842 | 02-26-29 | 3,635,000 | $3,277,570 | |
Specialty retail 0.4% | |||||
Burlington Coat Factory Warehouse Corp., 2021 Term Loan B6 (1 month LIBOR + 2.000%) | 3.023 | 06-24-28 | 4,451,363 | 4,258,485 | |
RH, Term Loan B (1 month LIBOR + 2.500%) | 3.560 | 10-20-28 | 4,459,558 | 4,080,495 | |
Energy 0.4% | 7,983,633 | ||||
Oil, gas and consumable fuels 0.4% | |||||
Pilot Travel Centers LLC, 2021 Term Loan B (1 month SOFR + 2.000%) | 3.134 | 08-04-28 | 8,294,684 | 7,983,633 | |
Financials 0.2% | 4,885,131 | ||||
Insurance 0.2% | |||||
Asurion LLC, 2021 Second Lien Term Loan B4 (1 month LIBOR + 5.250%) | 6.310 | 01-20-29 | 3,065,000 | 2,743,175 | |
Asurion LLC, 2021 Term Loan B9 (1 month LIBOR + 3.250%) | 4.310 | 07-31-27 | 2,267,820 | 2,141,956 | |
Health care 1.6% | 30,765,323 | ||||
Health care equipment and supplies 0.3% | |||||
Medline Borrower LP, USD Term Loan B (1 month LIBOR + 3.250%) | 4.310 | 10-23-28 | 5,980,000 | 5,763,225 | |
Health care technology 0.1% | |||||
athenahealth, Inc., 2022 Term Loan B (1 month SOFR + 3.500%) | 4.363 | 02-15-29 | 1,359,000 | 1,294,448 | |
Life sciences tools and services 0.5% | |||||
Avantor Funding, Inc., 2021 Term Loan B5 (1 month LIBOR + 2.250%) | 3.310 | 11-08-27 | 3,866,065 | 3,762,183 | |
ICON Luxembourg Sarl, LUX Term Loan (3 month LIBOR + 2.250%) | 3.313 | 07-03-28 | 4,332,387 | 4,256,570 | |
ICON Luxembourg Sarl, US Term Loan (3 month LIBOR + 2.250%) | 3.313 | 07-03-28 | 1,079,446 | 1,060,556 | |
Pharmaceuticals 0.7% | |||||
Jazz Financing Lux Sarl, USD Term Loan (1 month LIBOR + 3.500%) | 4.560 | 05-05-28 | 5,776,350 | 5,639,162 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 27 |
Rate (%) | Maturity date | Par value^ | Value | ||
Health care (continued) | |||||
Pharmaceuticals (continued) | |||||
Organon & Company, USD Term Loan (3 month LIBOR + 3.000%) | 3.563 | 06-02-28 | 5,996,938 | $5,840,778 | |
Padagis LLC, Term Loan B (3 month LIBOR + 4.750%) | 5.719 | 07-06-28 | 3,266,824 | 3,148,401 | |
Industrials 2.4% | 47,649,405 | ||||
Air freight and logistics 0.1% | |||||
Worldwide Express, Inc., 2021 1st Lien Term Loan (3 month LIBOR + 4.250%) | 5.256 | 07-26-28 | 1,506,225 | 1,400,518 | |
Airlines 1.0% | |||||
AAdvantage Loyalty IP, Ltd., 2021 Term Loan (G) | TBD | 04-20-28 | 1,893,000 | 1,884,955 | |
Air Canada, 2021 Term Loan B (3 month LIBOR + 3.500%) | 4.250 | 08-11-28 | 5,235,000 | 5,087,792 | |
Mileage Plus Holdings LLC, 2020 Term Loan B (3 month LIBOR + 5.250%) | 6.250 | 06-21-27 | 4,860,000 | 4,924,784 | |
United Airlines, Inc., 2021 Term Loan B (1 month LIBOR + 3.750%) | 4.711 | 04-21-28 | 7,459,265 | 7,244,812 | |
Building products 0.1% | |||||
JELD-WEN, Inc., 2021 Term Loan B (1 month LIBOR + 2.250%) | 3.310 | 07-28-28 | 1,602,888 | 1,537,570 | |
Commercial services and supplies 0.3% | |||||
Clean Harbors, Inc., 2021 Incremental Term Loan B (1 month LIBOR + 2.000%) | 3.060 | 10-08-28 | 2,314,200 | 2,300,824 | |
MillerKnoll, Inc., Term Loan B (1 month LIBOR + 2.000%) | 3.000 | 07-19-28 | 3,950,150 | 3,743,755 | |
Construction and engineering 0.3% | |||||
AECOM, 2021 Term Loan B (1 month LIBOR + 1.750%) | 2.810 | 04-13-28 | 6,254,735 | 6,225,025 | |
Machinery 0.1% | |||||
Brown Group Holding LLC, Term Loan B (3 month LIBOR + 2.500%) | 3.506 | 06-07-28 | 2,426,616 | 2,299,728 | |
Professional services 0.1% | |||||
Trans Union LLC, 2021 Term Loan B6 (1 month LIBOR + 2.250%) | 3.310 | 12-01-28 | 2,331,836 | 2,270,625 | |
Road and rail 0.3% | |||||
Avis Budget Car Rental LLC, 2022 Term Loan C (1 month CME Term SOFR + 3.500%) | 4.634 | 03-16-29 | 2,325,000 | 2,264,945 |
28 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Road and rail (continued) | |||||
The Hertz Corp., 2021 Term Loan B (1 month LIBOR + 3.250%) | 4.014 | 06-30-28 | 3,693,191 | $3,553,552 | |
The Hertz Corp., 2021 Term Loan C (1 month LIBOR + 3.250%) | 4.014 | 06-30-28 | 701,780 | 675,246 | |
Trading companies and distributors 0.1% | |||||
Setanta Aircraft Leasing DAC, Term Loan B (3 month LIBOR + 2.000%) | 3.006 | 11-05-28 | 2,305,000 | 2,235,274 | |
Information technology 0.4% | 7,890,021 | ||||
IT services 0.1% | |||||
Sabre GLBL, Inc., 2021 Term Loan B1 (1 month LIBOR + 3.500%) | 4.560 | 12-17-27 | 659,538 | 617,083 | |
Sabre GLBL, Inc., 2021 Term Loan B2 (1 month LIBOR + 3.500%) | 4.560 | 12-17-27 | 1,051,188 | 983,523 | |
Semiconductors and semiconductorequipment 0.1% | |||||
Entegris, Inc., 2022 Term Loan B (G) | TBD | 03-02-29 | 1,532,000 | 1,510,460 | |
Software 0.2% | |||||
Cornerstone OnDemand, Inc., 2021 Term Loan (1 month LIBOR + 3.750%) | 4.810 | 10-16-28 | 1,301,000 | 1,230,525 | |
Quest Software, Inc., 2022 Term Loan (3 month SOFR + 4.250%) | 4.750 | 02-01-29 | 3,850,000 | 3,548,430 | |
Materials 0.2% | 3,561,993 | ||||
Chemicals 0.2% | |||||
SCIH Salt Holdings, Inc., 2021 Incremental Term Loan B (6 month LIBOR + 4.000%) | 4.750 | 03-16-27 | 3,801,973 | 3,561,993 | |
Collateralized mortgage obligations 4.0% | $79,367,688 | ||||
(Cost $80,731,518) | |||||
Commercial and residential 2.9% | 58,281,208 | ||||
Arroyo Mortgage Trust | |||||
Series 2019-1, Class A1 (A)(H) | 3.805 | 01-25-49 | 1,528,137 | 1,491,122 | |
BAMLL Commercial Mortgage Securities Trust | |||||
Series 2018-DSNY, Class A (1 month LIBOR + 0.850%) (A)(D) | 1.725 | 09-15-34 | 5,940,000 | 5,806,017 | |
BOCA Commercial Mortgage Trust | |||||
Series 2022-BOCA, Class A (1 month CME Term SOFR + 1.770%) (A)(D) | 2.270 | 05-15-39 | 2,300,000 | 2,265,146 | |
BX Commercial Mortgage Trust |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 29 |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
Series 2019-XL, Class A (1 month LIBOR + 0.920%) (A)(D) | 1.795 | 10-15-36 | 5,612,690 | $5,542,322 | |
Series 2021-CIP, Class A (1 month LIBOR + 0.921%) (A)(D) | 1.796 | 12-15-38 | 2,270,000 | 2,208,865 | |
Series 2021-VOLT, Class A (1 month LIBOR + 0.700%) (A)(D) | 1.575 | 09-15-36 | 2,595,000 | 2,470,801 | |
CAMB Commercial Mortgage Trust | |||||
Series 2019-LIFE, Class A (1 month LIBOR + 1.070%) (A)(D) | 1.945 | 12-15-37 | 1,761,400 | 1,730,517 | |
Century Plaza Towers | |||||
Series 2019-CPT, Class A (A) | 2.865 | 11-13-39 | 5,760,000 | 5,097,916 | |
COLT Mortgage Loan Trust | |||||
Series 2022-5, Class A1 (A)(H) | 4.550 | 04-25-67 | 1,847,161 | 1,850,661 | |
Credit Suisse Mortgage Capital Certificates | |||||
Series 2019-ICE4, Class A (1 month LIBOR + 0.980%) (A)(D) | 1.855 | 05-15-36 | 5,010,000 | 4,928,553 | |
CSMC Trust | |||||
Series 2019-NQM1, Class A1 (A) | 2.656 | 10-25-59 | 478,915 | 471,430 | |
DBCG Mortgage Trust | |||||
Series 2017-BBG, Class A (1 month LIBOR + 0.700%) (A)(D) | 1.575 | 06-15-34 | 3,585,000 | 3,510,199 | |
HarborView Mortgage Loan Trust | |||||
Series 2007-3, Class ES IO (A) | 0.350 | 05-19-47 | 10,679,943 | 111,052 | |
Series 2007-4, Class ES IO | 0.350 | 07-19-47 | 11,350,196 | 149,305 | |
Series 2007-6, Class ES IO (A) | 0.343 | 08-19-37 | 11,509,913 | 143,561 | |
Life Mortgage Trust | |||||
Series 2022-BMR2, Class A1 (1 month CME Term SOFR + 1.295%) (A)(D) | 2.095 | 05-15-39 | 5,555,000 | 5,443,823 | |
Series 2022-BMR2, Class B (1 month CME Term SOFR + 1.794%) (A)(D) | 2.594 | 05-15-39 | 5,255,000 | 5,143,517 | |
Series 2022-BMR2, Class C (1 month CME Term SOFR + 2.093%) (A)(D) | 2.893 | 05-15-39 | 2,425,000 | 2,367,254 | |
New Residential Mortgage Loan Trust | |||||
Series 2017-5A, Class A1 (1 month LIBOR + 1.500%) (A)(D) | 2.506 | 06-25-57 | 526,593 | 528,605 | |
Towd Point Mortgage Trust | |||||
Series 2017-2, Class A1 (A)(H) | 2.750 | 04-25-57 | 271,527 | 270,619 | |
Series 2017-3, Class A1 (A)(H) | 2.750 | 07-25-57 | 557,129 | 554,153 | |
Verus Securitization Trust | |||||
Series 2022-4, Class A1 (A) | 4.474 | 04-25-67 | 6,204,059 | 6,195,770 |
30 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency 1.1% | $21,086,480 | ||||
Federal Home Loan Mortgage Corp. | |||||
Series 2022-DNA3, Class M1A (1 month SOFR + 2.000%) (A)(D) | 2.584 | 04-25-42 | 4,790,000 | 4,773,649 | |
Series 2022-DNA4, Class M1A (1 month SOFR + 2.200%) (A)(D) | 2.551 | 05-25-42 | 4,445,000 | 4,431,134 | |
Series 2022-DNA4, Class M1B (1 month SOFR + 3.350%) (A)(D) | 3.701 | 05-25-42 | 4,745,000 | 4,700,441 | |
Series 2022-HQA1, Class M1B (1 month SOFR + 3.500%) (A)(D) | 4.084 | 03-25-42 | 365,000 | 362,721 | |
Federal National Mortgage Association | |||||
Series 2022-R01, Class 1M1 (1 month SOFR + 1.000%) (A)(D) | 1.584 | 12-25-41 | 1,560,150 | 1,527,986 | |
Series 2022-R03, Class 1M1 (1 month SOFR + 2.100%) (A)(D) | 2.684 | 03-25-42 | 585,307 | 583,854 | |
Series 2022-R04, Class 1M1 (1 month SOFR + 2.000%) (A)(D) | 2.584 | 03-25-42 | 1,628,420 | 1,615,158 | |
Series 2022-R05, Class 2M1 (1 month SOFR + 1.900%) (A)(D) | 2.484 | 04-25-42 | 3,118,983 | 3,091,537 | |
Asset backed securities 0.8% | $16,022,128 | ||||
(Cost $16,143,593) | |||||
Asset backed securities 0.8% | 16,022,128 | ||||
DB Master Finance LLC | |||||
Series 2017-1A, Class A2II (A) | 4.030 | 11-20-47 | 1,886,275 | 1,847,291 | |
Series 2019-1A, Class A2II (A) | 4.021 | 05-20-49 | 1,769,950 | 1,732,475 | |
Domino’s Pizza Master Issuer LLC | |||||
Series 2015-1A, Class A2II (A) | 4.474 | 10-25-45 | 3,652,425 | 3,659,803 | |
FirstKey Homes Trust | |||||
Series 2020-SFR2, Class A (A) | 1.266 | 10-19-37 | 1,525,222 | 1,403,148 | |
MVW Owner Trust | |||||
Series 2018-1A, Class A (A) | 3.450 | 01-21-36 | 628,461 | 621,829 | |
Taco Bell Funding LLC | |||||
Series 2016-1A, Class A23 (A) | 4.970 | 05-25-46 | 6,365,000 | 6,441,183 | |
Westlake Automobile Receivables Trust | |||||
Series 2019-2A, Class C (A) | 2.840 | 07-15-24 | 316,383 | 316,399 | |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 31 |
Shares | Value | ||||
Common stocks 0.3% | $5,549,339 | ||||
(Cost $9,503,051) | |||||
Communication services 0.0% | 0 | ||||
Media 0.0% | |||||
Vertis Holdings, Inc. (I)(J) | 300,118 | 0 | |||
Utilities 0.3% | 5,549,339 | ||||
Multi-utilities 0.3% | |||||
Algonquin Power & Utilities Corp. | 120,350 | 5,549,339 | |||
Preferred securities 3.0% | $60,158,962 | ||||
(Cost $64,644,606) | |||||
Communication services 0.2% | 4,760,427 | ||||
Media 0.2% | |||||
2020 Cash Mandatory Exchangeable Trust, 5.250% (A) | 3,685 | 4,206,271 | |||
Paramount Global, 5.750% | 10,900 | 554,156 | |||
Financials 0.9% | 16,945,654 | ||||
Banks 0.7% | |||||
U.S. Bancorp, 5.500% (B) | 135,700 | 3,426,425 | |||
U.S. Bancorp (Greater of 3 month LIBOR + 1.020% or 3.500%), 3.500% (D) | 8,257 | 6,383,734 | |||
Wells Fargo & Company (5.850% to 9-15-23, then 3 month LIBOR + 3.090%) | 165,630 | 3,925,431 | |||
Capital markets 0.2% | |||||
Stifel Financial Corp., 4.500% | 158,600 | 3,210,064 | |||
Health care 0.3% | 6,999,277 | ||||
Health care equipment and supplies 0.3% | |||||
Becton, Dickinson and Company, 6.000% (B) | 44,500 | 2,299,315 | |||
Danaher Corp., 5.000% | 3,290 | 4,699,962 | |||
Industrials 0.1% | 1,532,688 | ||||
Electrical equipment 0.1% | |||||
KKR & Company, Inc., 6.000% | 22,200 | 1,532,688 | |||
Information technology 0.0% | 1,098,130 | ||||
IT services 0.0% | |||||
Sabre Corp., 6.500% | 11,000 | 1,098,130 | |||
Utilities 1.5% | 28,822,786 | ||||
Electric utilities 1.2% | |||||
American Electric Power Company, Inc., 6.125% | 90,700 | 5,159,016 | |||
NextEra Energy, Inc., 5.279% | 274,650 | 13,485,315 | |||
NextEra Energy, Inc., 6.219% | 95,900 | 4,703,895 |
32 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Utilities (continued) | |||||
Independent power and renewable electricityproducers 0.3% | |||||
The AES Corp., 6.875% | 61,100 | $5,474,560 | |||
Yield* (%) | Maturity date | Par value^ | Value | ||
Short-term investments 2.7% | $53,481,780 | ||||
(Cost $53,494,926) | |||||
U.S. Government Agency 0.3% | 5,367,000 | ||||
Federal Home Loan Bank Discount Note | 0.500 | 06-01-22 | 5,367,000 | 5,367,000 |
Yield (%) | Shares | Value | |||
Short-term funds 1.0% | 19,764,780 | ||||
John Hancock Collateral Trust (K) | 0.8437(L) | 1,976,735 | 19,764,780 |
Par value^ | Value | ||||
Repurchase agreement 1.4% | 28,350,000 | ||||
Repurchase Agreement with State Street Corp. dated 5-31-22 at 0.060% to be repurchased at $28,350,047 on 6-1-22, collateralized by $32,417,400 U.S. Treasury Notes, 0.625% due 12-31-27 (valued at $28,917,003) | 28,350,000 | 28,350,000 |
Total investments (Cost $2,133,770,163) 99.7% | $1,962,540,661 | ||||
Other assets and liabilities, net 0.3% | 4,976,495 | ||||
Total net assets 100.0% | $1,967,517,156 |
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 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 33 |
SGD | Singapore Dollar |
Security Abbreviations and Legend | |
CDOR | Canadian Dollar Offered Rate |
CME | Chicago Mercantile Exchange |
CMT | Constant Maturity Treasury |
ICE | Intercontinental Exchange |
IO | Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period. |
LIBOR | London Interbank Offered Rate |
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 $604,620,434 or 30.7% of the fund’s net assets as of 5-31-22. |
(B) | All or a portion of this security is on loan as of 5-31-22. |
(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) | Zero coupon bonds are issued at a discount from their principal amount in lieu of paying interest periodically. Rate shown is the effective yield at period end. |
(F) | Term loans are variable rate obligations. The coupon rate shown represents the rate at period end. |
(G) | 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). |
(H) | Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end. |
(I) | 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. |
(J) | Non-income producing security. |
(K) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
(L) | The rate shown is the annualized seven-day yield as of 5-31-22. |
* | Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end. |
34 | 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) |
German Euro BUND Futures | 40 | Short | Jun 2022 | $(7,124,974) | $(6,508,719) | $616,255 |
U.S. Treasury Long Bond Futures | 359 | Short | Sep 2022 | (50,601,609) | (50,058,063) | 543,546 |
$1,159,801 |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
AUD | 9,585,548 | USD | 7,118,803 | ANZ | 6/15/2022 | — | $(238,443) |
AUD | 14,079,322 | USD | 10,020,535 | CITI | 6/15/2022 | $85,387 | — |
AUD | 9,312,331 | USD | 6,748,469 | GSI | 6/15/2022 | — | (64,221) |
AUD | 29,265,622 | USD | 21,081,917 | HUS | 6/15/2022 | — | (75,501) |
AUD | 12,830,773 | USD | 9,605,117 | SSB | 6/15/2022 | — | (395,384) |
BRL | 5,852,657 | USD | 1,186,526 | SSB | 6/15/2022 | 40,486 | — |
CAD | 1,022,622 | USD | 803,650 | BOA | 6/15/2022 | 4,759 | — |
CAD | 21,167,447 | USD | 16,858,753 | BARC | 6/15/2022 | — | (125,350) |
CAD | 11,869,361 | USD | 9,483,021 | MSCS | 6/15/2022 | — | (99,991) |
CAD | 18,374,179 | USD | 14,751,031 | UBS | 6/15/2022 | — | (225,777) |
EUR | 7,985,830 | USD | 8,939,945 | ANZ | 6/15/2022 | — | (361,583) |
EUR | 38,057,070 | USD | 40,906,692 | BARC | 6/15/2022 | — | (25,867) |
EUR | 1,437,449 | USD | 1,594,872 | CIBC | 6/15/2022 | — | (50,766) |
EUR | 14,121,814 | USD | 15,428,435 | CITI | 6/15/2022 | — | (258,813) |
EUR | 7,733,150 | USD | 8,275,081 | GSI | 6/15/2022 | 31,852 | — |
EUR | 23,136,674 | USD | 24,685,041 | HUS | 6/15/2022 | 168,325 | — |
EUR | 22,061,371 | USD | 23,697,528 | MSCS | 6/15/2022 | 750 | — |
EUR | 7,985,830 | USD | 8,943,131 | RBC | 6/15/2022 | — | (364,769) |
EUR | 7,733,150 | USD | 8,247,196 | SSB | 6/15/2022 | 59,738 | — |
GBP | 10,801,000 | CAD | 18,128,903 | HUS | 6/15/2022 | — | (721,001) |
GBP | 2,046,834 | USD | 2,559,382 | BARC | 6/15/2022 | 19,837 | — |
GBP | 336,870 | USD | 423,744 | CITI | 6/15/2022 | 746 | — |
GBP | 10,462,373 | USD | 13,393,291 | HUS | 6/15/2022 | — | (209,640) |
GBP | 301,735 | USD | 376,962 | RBC | 6/15/2022 | 3,255 | — |
JPY | 821,632,721 | USD | 6,518,643 | CITI | 6/15/2022 | — | (133,421) |
JPY | 971,888,610 | USD | 7,690,011 | GSI | 6/15/2022 | — | (137,094) |
JPY | 1,250,092,633 | USD | 9,784,119 | HUS | 6/15/2022 | — | (69,173) |
JPY | 538,206,692 | USD | 4,498,600 | RBC | 6/15/2022 | — | (315,991) |
JPY | 1,650,131,433 | USD | 13,141,805 | SSB | 6/15/2022 | — | (318,004) |
MXN | 53,242,538 | USD | 2,576,210 | GSI | 6/15/2022 | 122,349 | — |
MXN | 36,347,614 | USD | 1,765,836 | UBS | 6/15/2022 | 76,416 | — |
NOK | 40,582,291 | USD | 4,672,440 | BARC | 6/15/2022 | — | (342,222) |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 35 |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
NOK | 41,820,844 | USD | 4,790,749 | CITI | 6/15/2022 | — | $(328,375) |
NOK | 41,912,937 | USD | 4,790,749 | MSCS | 6/15/2022 | — | (318,549) |
NOK | 122,008,147 | USD | 14,017,320 | UBS | 6/15/2022 | — | (998,788) |
NZD | 9,260,899 | USD | 6,344,568 | BARC | 6/15/2022 | — | (311,549) |
NZD | 9,091,982 | USD | 6,200,859 | CIBC | 6/15/2022 | — | (277,882) |
NZD | 9,956,493 | USD | 6,856,952 | CITI | 6/15/2022 | — | (370,789) |
NZD | 17,833,674 | USD | 11,552,945 | HUS | 6/15/2022 | $64,812 | — |
NZD | 1,159 | USD | 782 | MSCS | 6/15/2022 | — | (27) |
NZD | 13,425,310 | USD | 8,708,584 | SSB | 6/15/2022 | 37,342 | — |
NZD | 8,929,400 | USD | 5,612,244 | UBS | 6/15/2022 | 204,820 | — |
SGD | 12,673,437 | USD | 9,113,699 | ANZ | 6/15/2022 | 136,364 | — |
SGD | 251,068 | USD | 182,689 | BARC | 6/15/2022 | 560 | — |
SGD | 1,057,000 | USD | 778,510 | BNY | 6/15/2022 | — | (7,029) |
SGD | 12,805,830 | USD | 9,372,806 | CIBC | 6/15/2022 | — | (26,112) |
SGD | 38,532,062 | USD | 27,982,870 | CITI | 6/15/2022 | 140,836 | — |
SGD | 16,899,307 | USD | 12,296,585 | GSI | 6/15/2022 | 37,848 | — |
SGD | 44,081,232 | USD | 32,012,748 | HUS | 6/15/2022 | 161,175 | — |
SGD | 24,409,334 | USD | 17,481,996 | JPM | 6/15/2022 | 333,841 | — |
SGD | 30,631,301 | USD | 22,261,538 | MSCS | 6/15/2022 | 95,576 | — |
SGD | 12,793,973 | USD | 9,372,806 | SSB | 6/15/2022 | — | (34,765) |
SGD | 32,006,631 | USD | 23,261,711 | UBS | 6/15/2022 | 99,226 | — |
USD | 2,139,322 | AUD | 2,861,412 | CIBC | 6/15/2022 | 85,445 | — |
USD | 6,932,773 | AUD | 9,392,389 | CITI | 6/15/2022 | 191,060 | — |
USD | 11,061,977 | AUD | 15,333,645 | HUS | 6/15/2022 | 55,721 | — |
USD | 48,507,505 | AUD | 66,815,899 | JPM | 6/15/2022 | 548,075 | — |
USD | 1,353,133 | AUD | 1,798,414 | MSCS | 6/15/2022 | 62,259 | — |
USD | 4,537,150 | AUD | 5,955,047 | SSB | 6/15/2022 | 262,709 | — |
USD | 25,033,468 | BRL | 130,804,877 | SSB | 6/15/2022 | — | (2,389,824) |
USD | 25,685,620 | CAD | 32,967,203 | MSCS | 6/15/2022 | — | (375,789) |
USD | 2,534,249 | CAD | 3,187,396 | RBC | 6/15/2022 | 14,532 | — |
USD | 4,645,930 | COP | 17,749,425,654 | CITI | 6/15/2022 | — | (54,550) |
USD | 2,435,959 | COP | 9,315,105,333 | SSB | 6/15/2022 | — | (30,908) |
USD | 1,663,755 | EUR | 1,508,737 | ANZ | 6/15/2022 | 43,073 | — |
USD | 17,403,579 | EUR | 15,897,517 | BARC | 6/15/2022 | 326,499 | — |
USD | 25,879,921 | EUR | 23,842,206 | GSI | 6/15/2022 | 268,673 | — |
USD | 6,684,999 | EUR | 6,301,067 | HUS | 6/15/2022 | — | (83,594) |
USD | 92,989,909 | EUR | 84,928,713 | MSCS | 6/15/2022 | 1,759,661 | — |
USD | 8,357,893 | EUR | 7,876,333 | RBC | 6/15/2022 | — | (102,849) |
USD | 26,088,751 | EUR | 24,098,220 | SSB | 6/15/2022 | 202,494 | — |
USD | 17,004,099 | EUR | 15,865,145 | UBS | 6/15/2022 | — | (38,207) |
USD | 14,184,368 | GBP | 11,507,746 | BARC | 6/15/2022 | — | (316,558) |
USD | 42,581,414 | GBP | 32,500,937 | CIBC | 6/15/2022 | 1,626,939 | — |
36 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
USD | 7,362,251 | GBP | 5,984,028 | JPM | 6/15/2022 | — | $(178,230) |
USD | 9,471,083 | JPY | 1,236,913,945 | GSI | 6/15/2022 | — | (141,447) |
USD | 25,646,005 | JPY | 3,088,095,816 | JPM | 6/15/2022 | $1,647,234 | — |
USD | 253,270 | JPY | 32,245,012 | MSCS | 6/15/2022 | 2,682 | — |
USD | 3,858,548 | JPY | 467,975,906 | SSB | 6/15/2022 | 221,729 | — |
USD | 3,858,548 | JPY | 467,829,242 | UBS | 6/15/2022 | 222,868 | — |
USD | 5,211,790 | MXN | 107,451,475 | GSI | 6/15/2022 | — | (234,310) |
USD | 18,201,533 | MXN | 392,735,793 | MSCS | 6/15/2022 | — | (1,703,997) |
USD | 28,039,467 | NOK | 251,920,587 | CITI | 6/15/2022 | 1,159,000 | — |
USD | 4,477,887 | NZD | 6,406,582 | ANZ | 6/15/2022 | 304,315 | — |
USD | 3,837,595 | NZD | 5,491,356 | BARC | 6/15/2022 | 260,248 | — |
USD | 6,140,548 | NZD | 9,130,482 | CIBC | 6/15/2022 | 192,490 | — |
USD | 11,554,704 | NZD | 17,721,124 | HUS | 6/15/2022 | 10,266 | — |
USD | 7,528,781 | NZD | 11,863,583 | MSCS | 6/15/2022 | — | (199,758) |
USD | 33,038,909 | NZD | 48,380,800 | UBS | 6/15/2022 | 1,521,207 | — |
USD | 22,878,523 | SGD | 31,343,079 | ANZ | 6/15/2022 | 1,899 | — |
USD | 9,222,312 | SGD | 12,495,772 | CIBC | 6/15/2022 | 101,923 | — |
USD | 9,240,575 | SGD | 12,868,923 | GSI | 6/15/2022 | — | (152,170) |
USD | 9,029,788 | SGD | 12,288,007 | HUS | 6/15/2022 | 61,042 | — |
USD | 40,994,733 | SGD | 56,261,974 | JPM | 6/15/2022 | — | (69,646) |
USD | 64,194,508 | SGD | 88,072,242 | MSCS | 6/15/2022 | — | (87,486) |
USD | 9,240,575 | SGD | 12,811,179 | UBS | 6/15/2022 | — | (110,023) |
$13,080,343 | $(13,476,222) |
Derivatives Currency Abbreviations | |
AUD | Australian Dollar |
BRL | Brazilian Real |
CAD | Canadian Dollar |
COP | Colombian Peso |
EUR | Euro |
GBP | Pound Sterling |
JPY | Japanese Yen |
MXN | Mexican Peso |
NOK | Norwegian Krone |
NZD | New Zealand Dollar |
SGD | Singapore Dollar |
USD | U.S. Dollar |
Derivatives Abbreviations | |
ANZ | Australia and New Zealand Banking Group Limited |
BARC | Barclays Bank PLC |
BNY | The Bank of New York Mellon |
BOA | Bank of America, N.A. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 37 |
CIBC | Canadian Imperial Bank of Commerce |
CITI | Citibank, N.A. |
GSI | Goldman Sachs International |
HUS | HSBC Bank USA, N.A. |
JPM | JPMorgan Chase Bank, N.A. |
MSCS | Morgan Stanley Capital Services LLC |
OTC | Over-the-counter |
RBC | Royal Bank of Canada |
SSB | State Street Bank and Trust Company |
UBS | UBS AG |
38 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $2,113,992,237) including $19,351,388 of securities loaned | $1,942,775,881 |
Affiliated investments, at value (Cost $19,777,926) | 19,764,780 |
Total investments, at value (Cost $2,133,770,163) | 1,962,540,661 |
Unrealized appreciation on forward foreign currency contracts | 13,080,343 |
Receivable for futures variation margin | 694,768 |
Cash | 270,700 |
Foreign currency, at value (Cost $6,117,909) | 6,227,849 |
Collateral held at broker for futures contracts | 2,613,016 |
Collateral segregated at custodian for OTC derivative contracts | 5,920,000 |
Dividends and interest receivable | 17,708,786 |
Receivable for fund shares sold | 1,089,249 |
Receivable for investments sold | 13,279,247 |
Receivable for securities lending income | 7,085 |
Other assets | 117,319 |
Total assets | 2,023,549,023 |
Liabilities | |
Unrealized depreciation on forward foreign currency contracts | 13,476,222 |
Distributions payable | 232,844 |
Payable for investments purchased | 19,814,016 |
Payable for fund shares repurchased | 2,046,633 |
Payable upon return of securities loaned | 19,789,918 |
Payable to affiliates | |
Accounting and legal services fees | 91,835 |
Transfer agent fees | 104,976 |
Distribution and service fees | 2,637 |
Trustees’ fees | 510 |
Other liabilities and accrued expenses | 472,276 |
Total liabilities | 56,031,867 |
Net assets | $1,967,517,156 |
Net assets consist of | |
Paid-in capital | $2,274,511,069 |
Total distributable earnings (loss) | (306,993,913) |
Net assets | $1,967,517,156 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Income Fund | 39 |
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 ($536,076,205 ÷ 89,174,889 shares)1 | $6.01 |
Class C ($19,932,385 ÷ 3,315,562 shares)1 | $6.01 |
Class I ($479,599,444 ÷ 79,934,937 shares) | $6.00 |
Class R2 ($10,782,469 ÷ 1,795,871 shares) | $6.00 |
Class R4 ($1,182,897 ÷ 196,800 shares) | $6.01 |
Class R5 ($6,287,215 ÷ 1,047,431 shares) | $6.00 |
Class R6 ($913,656,541 ÷ 152,103,936 shares) | $6.01 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 96%)2 | $6.26 |
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. |
40 | JOHN HANCOCK Income Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Investment income | |
Interest | $65,588,789 |
Dividends | 4,972,999 |
Securities lending | 79,279 |
Less foreign taxes withheld | (266,012) |
Total investment income | 70,375,055 |
Expenses | |
Investment management fees | 7,331,105 |
Distribution and service fees | 2,089,613 |
Accounting and legal services fees | 301,573 |
Transfer agent fees | 1,443,660 |
Trustees’ fees | 33,763 |
Custodian fees | 377,461 |
State registration fees | 162,974 |
Printing and postage | 88,362 |
Professional fees | 140,963 |
Other | 118,722 |
Total expenses | 12,088,196 |
Less expense reductions | (195,970) |
Net expenses | 11,892,226 |
Net investment income | 58,482,829 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | (9,699,760) |
Affiliated investments | (5,670) |
Capital gain distributions received from affiliated investments | 5,786 |
Futures contracts | 840,619 |
Forward foreign currency contracts | 9,101,561 |
Written options | 783,258 |
1,025,794 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | (225,391,363) |
Affiliated investments | (11,548) |
Futures contracts | 2,878,080 |
Forward foreign currency contracts | (238,864) |
Written options | 9,615 |
(222,754,080) | |
Net realized and unrealized loss | (221,728,286) |
Decrease in net assets from operations | $(163,245,457) |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK Income Fund | 41 |
Year ended 5-31-22 | Year ended 5-31-21 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $58,482,829 | $47,338,645 |
Net realized gain | 1,025,794 | 65,364,840 |
Change in net unrealized appreciation (depreciation) | (222,754,080) | 43,532,167 |
Increase (decrease) in net assets resulting from operations | (163,245,457) | 156,235,652 |
Distributions to shareholders | ||
From earnings | ||
Class A | (20,146,298) | (15,092,924) |
Class B | — | (27,049)1 |
Class C | (676,955) | (982,428) |
Class I | (21,633,356) | (16,046,882) |
Class R1 | — | (44,154)1 |
Class R2 | (392,598) | (185,320) |
Class R3 | — | (30,592)1 |
Class R4 | (91,981) | (84,245) |
Class R5 | (308,144) | (252,519) |
Class R6 | (36,159,034) | (22,421,965) |
Total distributions | (79,408,366) | (55,168,078) |
From fund share transactions | 69,023,985 | 260,930,416 |
Total increase (decrease) | (173,629,838) | 361,997,990 |
Net assets | ||
Beginning of year | 2,141,146,994 | 1,779,149,004 |
End of year | $1,967,517,156 | $2,141,146,994 |
1 | Share class was redesignated during the year. Refer to Note 6 for further details. |
42 | JOHN HANCOCK Income Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS A SHARES Period ended | 5-31-22 | 5-31-21 | 5-31-20 | 5-31-19 | 5-31-18 |
Per share operating performance | |||||
Net asset value, beginning of period | $6.73 | $6.39 | $6.28 | $6.25 | $6.47 |
Net investment income1 | 0.16 | 0.14 | 0.17 | 0.20 | 0.20 |
Net realized and unrealized gain (loss) on investments | (0.66) | 0.37 | 0.11 | 0.03 | (0.22) |
Total from investment operations | (0.50) | 0.51 | 0.28 | 0.23 | (0.02) |
Less distributions | |||||
From net investment income | (0.22) | (0.17) | (0.17) | (0.20) | (0.20) |
Net asset value, end of period | $6.01 | $6.73 | $6.39 | $6.28 | $6.25 |
Total return (%)2,3 | (7.72) | 8.17 | 4.50 | 3.72 | (0.43) |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $536 | $618 | $543 | $541 | $607 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.81 | 0.82 | 0.85 | 0.82 | 0.80 |
Expenses including reductions | 0.80 | 0.81 | 0.84 | 0.81 | 0.79 |
Net investment income | 2.46 | 2.14 | 2.64 | 3.17 | 3.03 |
Portfolio turnover (%) | 40 | 63 | 76 | 58 | 48 |
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 | 43 |
CLASS C SHARES Period ended | 5-31-22 | 5-31-21 | 5-31-20 | 5-31-19 | 5-31-18 |
Per share operating performance | |||||
Net asset value, beginning of period | $6.73 | $6.39 | $6.28 | $6.25 | $6.47 |
Net investment income1 | 0.11 | 0.09 | 0.12 | 0.15 | 0.15 |
Net realized and unrealized gain (loss) on investments | (0.65) | 0.37 | 0.12 | 0.03 | (0.22) |
Total from investment operations | (0.54) | 0.46 | 0.24 | 0.18 | (0.07) |
Less distributions | |||||
From net investment income | (0.18) | (0.12) | (0.13) | (0.15) | (0.15) |
Net asset value, end of period | $6.01 | $6.73 | $6.39 | $6.28 | $6.25 |
Total return (%)2,3 | (8.37) | 7.41 | 3.77 | 2.99 | (1.12) |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $20 | $30 | $95 | $146 | $211 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.51 | 1.52 | 1.55 | 1.52 | 1.50 |
Expenses including reductions | 1.50 | 1.51 | 1.54 | 1.51 | 1.49 |
Net investment income | 1.75 | 1.39 | 1.94 | 2.48 | 2.32 |
Portfolio turnover (%) | 40 | 63 | 76 | 58 | 48 |
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. |
44 | JOHN HANCOCK Income Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS I SHARES Period ended | 5-31-22 | 5-31-21 | 5-31-20 | 5-31-19 | 5-31-18 |
Per share operating performance | |||||
Net asset value, beginning of period | $6.72 | $6.37 | $6.27 | $6.23 | $6.46 |
Net investment income1 | 0.18 | 0.16 | 0.19 | 0.21 | 0.21 |
Net realized and unrealized gain (loss) on investments | (0.66) | 0.38 | 0.10 | 0.04 | (0.23) |
Total from investment operations | (0.48) | 0.54 | 0.29 | 0.25 | (0.02) |
Less distributions | |||||
From net investment income | (0.24) | (0.19) | (0.19) | (0.21) | (0.21) |
Net asset value, end of period | $6.00 | $6.72 | $6.37 | $6.27 | $6.23 |
Total return (%)2 | (7.32) | 8.51 | 4.65 | 4.18 | (0.29) |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $480 | $602 | $530 | $595 | $837 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.51 | 0.52 | 0.55 | 0.54 | 0.50 |
Expenses including reductions | 0.50 | 0.51 | 0.54 | 0.53 | 0.49 |
Net investment income | 2.75 | 2.43 | 2.93 | 3.47 | 3.31 |
Portfolio turnover (%) | 40 | 63 | 76 | 58 | 48 |
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 |
CLASS R2 SHARES Period ended | 5-31-22 | 5-31-21 | 5-31-20 | 5-31-19 | 5-31-18 |
Per share operating performance | |||||
Net asset value, beginning of period | $6.72 | $6.38 | $6.27 | $6.24 | $6.46 |
Net investment income1 | 0.15 | 0.14 | 0.16 | 0.19 | 0.19 |
Net realized and unrealized gain (loss) on investments | (0.65) | 0.36 | 0.12 | 0.03 | (0.22) |
Total from investment operations | (0.50) | 0.50 | 0.28 | 0.22 | (0.03) |
Less distributions | |||||
From net investment income | (0.22) | (0.16) | (0.17) | (0.19) | (0.19) |
Net asset value, end of period | $6.00 | $6.72 | $6.38 | $6.27 | $6.24 |
Total return (%)2 | (7.82) | 8.07 | 4.41 | 3.61 | (0.54) |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $11 | $10 | $3 | $6 | $9 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.91 | 0.91 | 0.94 | 0.92 | 0.90 |
Expenses including reductions | 0.90 | 0.91 | 0.93 | 0.91 | 0.89 |
Net investment income | 2.36 | 2.09 | 2.57 | 3.07 | 2.92 |
Portfolio turnover (%) | 40 | 63 | 76 | 58 | 48 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
46 | JOHN HANCOCK Income Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R4 SHARES Period ended | 5-31-22 | 5-31-21 | 5-31-20 | 5-31-19 | 5-31-18 |
Per share operating performance | |||||
Net asset value, beginning of period | $6.73 | $6.39 | $6.28 | $6.25 | $6.47 |
Net investment income1 | 0.17 | 0.15 | 0.18 | 0.20 | 0.20 |
Net realized and unrealized gain (loss) on investments | (0.66) | 0.37 | 0.11 | 0.04 | (0.22) |
Total from investment operations | (0.49) | 0.52 | 0.29 | 0.24 | (0.02) |
Less distributions | |||||
From net investment income | (0.23) | (0.18) | (0.18) | (0.21) | (0.20) |
Net asset value, end of period | $6.01 | $6.73 | $6.39 | $6.28 | $6.25 |
Total return (%)2 | (7.58) | 8.34 | 4.67 | 3.87 | (0.28) |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $1 | $3 | $3 | $3 | $143 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.75 | 0.76 | 0.78 | 0.77 | 0.75 |
Expenses including reductions | 0.65 | 0.66 | 0.67 | 0.67 | 0.64 |
Net investment income | 2.56 | 2.29 | 2.80 | 3.30 | 3.18 |
Portfolio turnover (%) | 40 | 63 | 76 | 58 | 48 |
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 | 47 |
CLASS R5 SHARES Period ended | 5-31-22 | 5-31-21 | 5-31-20 | 5-31-19 | 5-31-18 |
Per share operating performance | |||||
Net asset value, beginning of period | $6.72 | $6.38 | $6.27 | $6.24 | $6.46 |
Net investment income1 | 0.18 | 0.17 | 0.19 | 0.22 | 0.22 |
Net realized and unrealized gain (loss) on investments | (0.66) | 0.36 | 0.11 | 0.03 | (0.22) |
Total from investment operations | (0.48) | 0.53 | 0.30 | 0.25 | — |
Less distributions | |||||
From net investment income | (0.24) | (0.19) | (0.19) | (0.22) | (0.22) |
Net asset value, end of period | $6.00 | $6.72 | $6.38 | $6.27 | $6.24 |
Total return (%)2 | (7.41) | 8.57 | 4.88 | 4.08 | (0.09) |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $6 | $10 | $7 | $7 | $17 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.46 | 0.46 | 0.49 | 0.47 | 0.45 |
Expenses including reductions | 0.45 | 0.45 | 0.48 | 0.47 | 0.44 |
Net investment income | 2.80 | 2.50 | 3.01 | 3.54 | 3.38 |
Portfolio turnover (%) | 40 | 63 | 76 | 58 | 48 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
48 | JOHN HANCOCK Income Fund | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R6 SHARES Period ended | 5-31-22 | 5-31-21 | 5-31-20 | 5-31-19 | 5-31-18 |
Per share operating performance | |||||
Net asset value, beginning of period | $6.73 | $6.38 | $6.27 | $6.24 | $6.46 |
Net investment income1 | 0.19 | 0.17 | 0.19 | 0.22 | 0.22 |
Net realized and unrealized gain (loss) on investments | (0.66) | 0.37 | 0.12 | 0.03 | (0.22) |
Total from investment operations | (0.47) | 0.54 | 0.31 | 0.25 | — |
Less distributions | |||||
From net investment income | (0.25) | (0.19) | (0.20) | (0.22) | (0.22) |
Net asset value, end of period | $6.01 | $6.73 | $6.38 | $6.27 | $6.24 |
Total return (%)2 | (7.21) | 8.61 | 4.93 | 4.13 | (0.03) |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $914 | $869 | $582 | $461 | $1,525 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.40 | 0.41 | 0.44 | 0.42 | 0.40 |
Expenses including reductions | 0.40 | 0.41 | 0.43 | 0.42 | 0.39 |
Net investment income | 2.86 | 2.54 | 3.04 | 3.58 | 3.45 |
Portfolio turnover (%) | 40 | 63 | 76 | 58 | 48 |
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 | 49 |
50 | JOHN HANCOCK Income Fund | ANNUAL REPORT |
Total value at 5-31-22 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
U.S. Government and Agency obligations | $144,028,748 | — | $144,028,748 | — |
Foreign government obligations | 446,825,056 | — | 446,825,056 | — |
Corporate bonds | 935,175,940 | — | 935,175,940 | — |
Convertible bonds | 35,991,891 | — | 35,991,891 | — |
Capital preferred securities | 2,923,851 | — | 2,923,851 | — |
Term loans | 183,015,278 | — | 183,015,278 | — |
Collateralized mortgage obligations | 79,367,688 | — | 79,367,688 | — |
Asset backed securities | 16,022,128 | — | 16,022,128 | — |
Common stocks | 5,549,339 | $5,549,339 | — | — |
Preferred securities | 60,158,962 | 55,952,691 | 4,206,271 | — |
Short-term investments | 53,481,780 | 19,764,780 | 33,717,000 | — |
Total investments in securities | $1,962,540,661 | $81,266,810 | $1,881,273,851 | — |
Derivatives: | ||||
Assets | ||||
Futures | $1,159,801 | $1,159,801 | — | — |
Forward foreign currency contracts | 13,080,343 | — | $13,080,343 | — |
Liabilities | ||||
Forward foreign currency contracts | (13,476,222) | — | (13,476,222) | — |
ANNUAL REPORT | JOHN HANCOCK Income Fund | 51 |
Total value at 5-31-22 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Level 3 includes securities valued at $0. Refer to Fund’s investments. |
52 | JOHN HANCOCK Income Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK Income Fund | 53 |
54 | JOHN HANCOCK Income Fund | ANNUAL REPORT |
May 31, 2022 | May 31, 2021 | |
Ordinary income | $79,408,366 | $55,168,078 |
ANNUAL REPORT | JOHN HANCOCK Income Fund | 55 |
56 | 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 | $1,159,801 | — |
Currency | Unrealized appreciation (depreciation) on forward foreign currency contracts | Forward foreign currency contracts | 13,080,343 | $(13,476,222) |
$14,240,144 | $(13,476,222) |
1 | Reflects cumulative appreciation/depreciation on open futures as disclosed in the Derivatives section of Fund’s investments. Only the year end variation margin receivable/payable is separately reported on the Statement of assets and liabilities. |
ANNUAL REPORT | JOHN HANCOCK Income Fund | 57 |
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 | — | $840,619 | — | — | $840,619 |
Currency | $(332,664) | — | $9,101,561 | $783,258 | 9,552,155 |
Total | $(332,664) | $840,619 | $9,101,561 | $783,258 | $10,392,774 |
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 | $2,878,080 | — | — | $2,878,080 |
Currency | — | $(238,864) | $9,615 | (229,249) |
Total | $2,878,080 | $(238,864) | $9,615 | $2,648,831 |
58 | JOHN HANCOCK Income Fund | ANNUAL REPORT |
Class | Expense reduction |
Class A | $52,754 |
Class C | 2,247 |
Class I | 52,126 |
Class R2 | 1,053 |
Class | Expense reduction |
Class R4 | $233 |
Class R5 | 737 |
Class R6 | 84,258 |
Total | $193,408 |
Class | Rule 12b-1 Fee | Service fee |
Class A | 0.30% | — |
Class C | 1.00% | — |
Class R2 | 0.25% | 0.25% |
Class R4 | 0.25% | 0.10% |
Class R5 | — | 0.05% |
ANNUAL REPORT | JOHN HANCOCK Income Fund | 59 |
Class | Distribution and service fees | Transfer agent fees |
Class A | $1,766,946 | $669,994 |
Class C | 250,524 | 28,500 |
Class I | — | 661,181 |
Class R2 | 59,030 | 1,021 |
Class R4 | 8,971 | 222 |
Class R5 | 4,142 | 712 |
Class R6 | — | 82,030 |
Total | $2,089,613 | $1,443,660 |
Borrower or Lender | Weighted Average Loan Balance | Days Outstanding | Weighted Average Interest Rate | Interest Income (Expense) |
Lender | $64,500,000 | 2 | 0.625% | $2,239 |
60 | JOHN HANCOCK Income Fund | ANNUAL REPORT |
Year Ended 5-31-22 | Year Ended 5-31-21 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 10,888,059 | $70,564,280 | 19,347,248 | $128,926,362 |
Distributions reinvested | 2,845,510 | 18,370,644 | 2,044,226 | 13,635,575 |
Repurchased | (16,294,627) | (105,139,907) | (14,665,312) | (97,801,867) |
Net increase (decrease) | (2,561,058) | $(16,204,983) | 6,726,162 | $44,760,070 |
Class B shares | ||||
Sold | — | — | 101 | $663 |
Distributions reinvested | — | — | 3,526 | 23,124 |
Repurchased | — | — | (928,557) | (6,124,459) |
Net decrease | — | — | (924,930) | $(6,100,672) |
Class C shares | ||||
Sold | 248,134 | $1,601,313 | 488,757 | $3,249,125 |
Distributions reinvested | 100,802 | 652,389 | 138,680 | 920,236 |
Repurchased | (1,517,538) | (9,857,066) | (10,988,883) | (73,197,173) |
Net decrease | (1,168,602) | $(7,603,364) | (10,361,446) | $(69,027,812) |
Class I shares | ||||
Sold | 19,889,419 | $129,467,798 | 22,670,289 | $150,986,083 |
Distributions reinvested | 3,165,061 | 20,422,236 | 2,263,729 | 15,070,006 |
Repurchased | (32,639,786) | (207,939,835) | (18,604,211) | (123,752,311) |
Net increase (decrease) | (9,585,306) | $(58,049,801) | 6,329,807 | $42,303,778 |
Class R1 shares | ||||
Sold | — | — | 52,454 | $345,250 |
Distributions reinvested | — | — | 5,576 | 36,735 |
Repurchased | — | — | (988,556) | (6,568,744) |
Net decrease | — | — | (930,526) | $(6,186,759) |
Class R2 shares | ||||
Sold | 749,798 | $4,939,912 | 1,376,644 | $9,152,894 |
Distributions reinvested | 60,519 | 389,801 | 27,459 | 183,634 |
Repurchased | (506,055) | (3,236,222) | (453,936) | (3,030,456) |
Net increase | 304,262 | $2,093,491 | 950,167 | $6,306,072 |
ANNUAL REPORT | JOHN HANCOCK Income Fund | 61 |
Year Ended 5-31-22 | Year Ended 5-31-21 | |||
Shares | Amount | Shares | Amount | |
Class R3 shares | ||||
Sold | — | — | 36,366 | $238,128 |
Distributions reinvested | — | — | 4,254 | 27,939 |
Repurchased | — | — | (684,924) | (4,538,111) |
Net decrease | — | — | (644,304) | $(4,272,044) |
Class R4 shares | ||||
Sold | 74,599 | $494,767 | 213,865 | $1,431,246 |
Distributions reinvested | 14,055 | 91,974 | 12,624 | 84,242 |
Repurchased | (398,627) | (2,621,887) | (144,004) | (963,859) |
Net increase (decrease) | (309,973) | $(2,035,146) | 82,485 | $551,629 |
Class R5 shares | ||||
Sold | 151,205 | $983,972 | 701,285 | $4,679,275 |
Distributions reinvested | 47,262 | 306,057 | 37,883 | 252,383 |
Repurchased | (593,752) | (3,869,997) | (462,999) | (3,095,350) |
Net increase (decrease) | (395,285) | $(2,579,968) | 276,169 | $1,836,308 |
Class R6 shares | ||||
Sold | 44,634,766 | $292,649,550 | 52,649,935 | $349,143,908 |
Distributions reinvested | 5,490,566 | 35,363,966 | 3,265,041 | 21,782,798 |
Repurchased | (27,119,635) | (174,609,760) | (17,978,708) | (120,166,860) |
Net increase | 23,005,697 | $153,403,756 | 37,936,268 | $250,759,846 |
Total net increase | 9,289,735 | $69,023,985 | 39,439,852 | $260,930,416 |
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 |
62 | JOHN HANCOCK Income Fund | ANNUAL REPORT |
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* | 1,976,735 | $8,512,681 | $182,580,456 | $(171,311,139) | $(5,670) | $(11,548) | $79,279 | $5,786 | $19,764,780 |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
ANNUAL REPORT | JOHN HANCOCK Income Fund | 63 |
64 | JOHN HANCOCK Income Fund | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 65 |
66 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining shareholders’ interests in the Fund; |
• | The Fund did not report any breaches of the 15% limit on illiquid investments that would require reporting to the Securities and Exchange Commission; |
ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 67 |
• | The Fund continued to qualify as a Primarily Highly Liquid Fund under the Liquidity Rule and therefore is not required to establish a HLIM; and |
• | The Chief Compliance Officer’s office, as a part of their annual Rule 38a-1 assessment of the Fund’s policies and procedures, reviewed the LRMP’s control environment and deemed it to be operating effectively and in compliance with the Board approved procedures. |
68 | JOHN HANCOCK INCOME FUND | 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 | 189 |
Trustee and Chairperson of the Board | ||
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | ||
James R. Boyle, Born: 1959 | 2015 | 189 |
Trustee | ||
Foresters Financial, Chief Executive Officer (2018–2022) and board member (2017–2022). Manulife Financial and John Hancock, more than 20 years, retiring in 2012 as Chief Executive Officer, John Hancock and Senior Executive Vice President, Manulife Financial. Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | ||
Peter S. Burgess,2 Born: 1942 | 2012 | 189 |
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,2 Born: 1944 | 2005 | 189 |
Trustee | ||
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | ||
Grace K. Fey, Born: 1946 | 2012 | 189 |
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 | 189 |
Trustee | ||
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 69 |
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 |
Steven R. Pruchansky, Born: 1944 | 2005 | 189 |
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 | 189 |
Trustee | ||
Director, Audit Committee Chair, Oatly Group AB (plant-based drink company) (since 2021); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director and Audit Committee Chair, Planet Fitness (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015). Trustee of various trusts within the John Hancock Fund Complex (since 2020). | ||
Gregory A. Russo, Born: 1949 | 2009 | 189 |
Trustee | ||
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018), and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Global Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
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 | 189 |
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). |
70 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT |
Non-Independent Trustees3 (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 |
Marianne Harrison, Born: 1963 | 2018 | 189 |
Non-Independent Trustee | ||
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); 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). | |
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). |
ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 71 |
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. |
72 | JOHN HANCOCK INCOME FUND | ANNUAL REPORT |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
James R. Boyle
Peter S. Burgess*
William H. Cunningham*
Grace K. Fey
Marianne Harrison†
Deborah C. Jackson
Frances G. Rathke*
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Thomas C. Goggins
Daniel S. Janis III1
Bradley L. Lutz, CFA
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 |
ANNUAL REPORT | JOHN HANCOCK INCOME FUND | 73 |
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
MF2234727 | 91A 5/22 |
Manulife Investment Management
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 5/31/2022 (% of net assets) | |
United States | 81.2 |
Ireland | 3.0 |
United Kingdom | 2.4 |
Netherlands | 2.1 |
Canada | 2.0 |
Japan | 1.6 |
Bermuda | 1.1 |
Germany | 1.1 |
France | 1.1 |
United Arab Emirates | 1.0 |
Other countries | 3.4 |
TOTAL | 100.0 |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 3 |
4 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
COUNTRY COMPOSITION AS OF 5/31/2022 (% of net assets) | |
United States | 75.7 |
Canada | 5.1 |
Luxembourg | 3.9 |
Mexico | 2.5 |
United Kingdom | 2.4 |
Ireland | 2.0 |
Brazil | 1.6 |
Israel | 1.1 |
Netherlands | 1.1 |
United Arab Emirates | 1.0 |
Other countries | 3.6 |
TOTAL | 100.0 |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 5 |
6 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
COUNTRY COMPOSITION AS OF 5/31/2022 (% of net assets) | |
United States | 84.0 |
Cayman Islands | 15.6 |
Other countries | 0.4 |
TOTAL | 100.0 |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 7 |
8 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 9 |
Investment-Grade Corporate Bond Portfolio | Bloomberg U.S. Corporate Bond Index | |
Inception | 7-9-19 | 7-9-19 |
Average annual total returns | ||
1 year | -9.54 | -10.28 |
Since inception | 0.17 | -0.06 |
Cumulative returns | ||
Since inception | 0.49 | -0.18 |
Gross (%) | 1.17 |
Net (%) | 0.00 |
10 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
Non-Investment-Grade Corporate Bond Portfolio | ICE BofA U.S. High Yield Index | |
Inception | 7-9-19 | 7-9-19 |
Average annual total returns | ||
1 year | -5.98 | -5.00 |
Since inception | 1.34 | 2.36 |
Cumulative returns | ||
Since inception | 3.93 | 6.99 |
Gross (%) | 1.32 |
Net (%) | 0.00 |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 11 |
Securitized Debt Portfolio | Bloomberg U.S. Securitized MBS ABS CMBS Index | |
Inception | 7-9-19 | 7-9-19 |
Average annual total returns | ||
1 year | -5.98 | -7.58 |
Since inception | 0.37 | -0.88 |
Cumulative returns | ||
Since inception | 1.08 | -2.51 |
Gross (%) | 1.25 |
Net (%) | 0.00 |
12 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
Account value on 12-1-2021 | Ending value on 5-31-2022 | Expenses paid during period ended 5-31-20221 | Annualized expense ratio | ||
Managed Account Shares Investment-Grade Corporate Bond Portfolio | |||||
Actual expenses/actual returns | $1,000.00 | $889.10 | $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 | $933.40 | $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 | $945.50 | $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). |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 13 |
Rate (%) | Maturity date | Par value^ | Value | ||
Foreign government obligations 0.6% | $236,250 | ||||
(Cost $232,110) | |||||
Saudi Arabia 0.6% | 236,250 | ||||
Kingdom of Saudi Arabia Bond (A) | 4.375 | 04-16-29 | 225,000 | 236,250 | |
Corporate bonds 96.8% | $36,063,253 | ||||
(Cost $40,219,470) | |||||
Communication services 6.5% | 2,434,186 | ||||
Diversified telecommunication services 0.5% | |||||
Level 3 Financing, Inc. (A) | 3.400 | 03-01-27 | 25,000 | 22,486 | |
Telefonica Emisiones SA | 5.213 | 03-08-47 | 165,000 | 155,331 | |
Entertainment 0.7% | |||||
Magallanes, Inc. (A) | 4.279 | 03-15-32 | 266,000 | 248,616 | |
Media 2.6% | |||||
Charter Communications Operating LLC | 3.900 | 06-01-52 | 200,000 | 149,194 | |
Charter Communications Operating LLC | 4.200 | 03-15-28 | 221,000 | 213,912 | |
Charter Communications Operating LLC | 4.800 | 03-01-50 | 225,000 | 193,432 | |
Charter Communications Operating LLC | 5.750 | 04-01-48 | 229,000 | 222,166 | |
Charter Communications Operating LLC | 6.484 | 10-23-45 | 195,000 | 201,330 | |
Wireless telecommunication services 2.7% | |||||
T-Mobile USA, Inc. | 2.050 | 02-15-28 | 355,000 | 316,462 | |
T-Mobile USA, Inc. | 3.300 | 02-15-51 | 85,000 | 65,107 | |
T-Mobile USA, Inc. (A) | 3.400 | 10-15-52 | 250,000 | 194,339 | |
T-Mobile USA, Inc. | 3.750 | 04-15-27 | 36,000 | 35,542 | |
T-Mobile USA, Inc. | 3.875 | 04-15-30 | 370,000 | 355,811 | |
T-Mobile USA, Inc. | 4.500 | 04-15-50 | 65,000 | 60,458 | |
Consumer discretionary 11.8% | 4,386,891 | ||||
Auto components 0.2% | |||||
Aptiv PLC | 3.250 | 03-01-32 | 67,000 | 59,136 | |
Automobiles 4.3% | |||||
General Motors Company | 4.200 | 10-01-27 | 264,000 | 255,720 | |
General Motors Financial Company, Inc. | 2.400 | 10-15-28 | 342,000 | 293,289 | |
General Motors Financial Company, Inc. | 3.600 | 06-21-30 | 593,000 | 531,937 | |
Hyundai Capital America (A) | 2.375 | 10-15-27 | 360,000 | 322,912 | |
Nissan Motor Company, Ltd. (A) | 4.810 | 09-17-30 | 225,000 | 211,000 | |
Hotels, restaurants and leisure 6.4% | |||||
Booking Holdings, Inc. | 4.625 | 04-13-30 | 196,000 | 202,311 | |
Choice Hotels International, Inc. | 3.700 | 12-01-29 | 250,000 | 230,665 | |
Choice Hotels International, Inc. | 3.700 | 01-15-31 | 75,000 | 68,773 | |
Expedia Group, Inc. | 2.950 | 03-15-31 | 66,000 | 55,730 | |
Expedia Group, Inc. | 3.250 | 02-15-30 | 330,000 | 291,403 | |
Expedia Group, Inc. | 3.800 | 02-15-28 | 320,000 | 304,807 | |
Expedia Group, Inc. | 4.625 | 08-01-27 | 367,000 | 366,398 | |
Expedia Group, Inc. | 5.000 | 02-15-26 | 116,000 | 117,872 | |
Marriott International, Inc. | 2.850 | 04-15-31 | 240,000 | 207,916 | |
Marriott International, Inc. | 3.500 | 10-15-32 | 34,000 | 30,541 | |
Marriott International, Inc. | 4.625 | 06-15-30 | 200,000 | 198,035 | |
Marriott International, Inc. | 4.650 | 12-01-28 | 313,000 | 313,197 | |
Internet and direct marketing retail 0.8% | |||||
eBay, Inc. | 2.700 | 03-11-30 | 340,000 | 300,852 | |
Specialty retail 0.1% | |||||
AutoNation, Inc. | 4.750 | 06-01-30 | 25,000 | 24,397 |
14 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer staples 2.4% | $892,933 | ||||
Beverages 0.7% | |||||
Anheuser-Busch InBev Worldwide, Inc. | 4.600 | 04-15-48 | 269,000 | 255,953 | |
Food products 1.7% | |||||
JBS Finance Luxembourg Sarl (A) | 3.625 | 01-15-32 | 320,000 | 271,069 | |
Kraft Heinz Foods Company | 5.000 | 06-04-42 | 79,000 | 75,763 | |
Kraft Heinz Foods Company | 5.500 | 06-01-50 | 120,000 | 122,585 | |
Kraft Heinz Foods Company | 6.500 | 02-09-40 | 150,000 | 167,563 | |
Energy 12.0% | 4,469,293 | ||||
Oil, gas and consumable fuels 12.0% | |||||
Aker BP ASA (A) | 3.750 | 01-15-30 | 150,000 | 139,787 | |
Aker BP ASA (A) | 4.000 | 01-15-31 | 150,000 | 140,719 | |
Continental Resources, Inc. | 3.800 | 06-01-24 | 218,000 | 219,280 | |
Continental Resources, Inc. | 4.900 | 06-01-44 | 82,000 | 73,645 | |
Diamondback Energy, Inc. | 3.125 | 03-24-31 | 69,000 | 62,571 | |
Enbridge, Inc. (5.500% to 7-15-27, then 3 month LIBOR + 3.418%) | 5.500 | 07-15-77 | 205,000 | 184,835 | |
Enbridge, Inc. (5.750% to 4-15-30, then 5 Year CMT + 5.314%) | 5.750 | 07-15-80 | 154,000 | 146,246 | |
Enbridge, Inc. (6.250% to 3-1-28, then 3 month LIBOR + 3.641%) | 6.250 | 03-01-78 | 255,000 | 246,255 | |
Energy Transfer LP | 4.200 | 04-15-27 | 83,000 | 81,745 | |
Energy Transfer LP | 5.150 | 03-15-45 | 168,000 | 150,553 | |
Energy Transfer LP | 5.250 | 04-15-29 | 364,000 | 372,491 | |
Energy Transfer LP | 5.400 | 10-01-47 | 60,000 | 55,229 | |
Energy Transfer LP | 5.500 | 06-01-27 | 125,000 | 129,559 | |
Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month LIBOR + 3.033%) | 5.250 | 08-16-77 | 239,000 | 207,468 | |
EQT Corp. | 7.500 | 02-01-30 | 100,000 | 111,018 | |
Kinder Morgan Energy Partners LP | 7.750 | 03-15-32 | 22,000 | 26,590 | |
Lundin Energy Finance BV (A) | 3.100 | 07-15-31 | 402,000 | 353,936 | |
Midwest Connector Capital Company LLC (A) | 3.900 | 04-01-24 | 70,000 | 69,564 | |
MPLX LP | 4.000 | 03-15-28 | 263,000 | 257,034 | |
MPLX LP | 4.125 | 03-01-27 | 12,000 | 11,883 | |
MPLX LP | 4.250 | 12-01-27 | 50,000 | 49,506 | |
Ovintiv, Inc. | 7.200 | 11-01-31 | 23,000 | 26,083 | |
Sabine Pass Liquefaction LLC | 4.200 | 03-15-28 | 82,000 | 81,048 | |
Sabine Pass Liquefaction LLC | 4.500 | 05-15-30 | 504,000 | 502,284 | |
Sabine Pass Liquefaction LLC | 5.000 | 03-15-27 | 75,000 | 77,313 | |
Targa Resources Corp. | 4.950 | 04-15-52 | 215,000 | 196,860 | |
Targa Resources Partners LP | 4.000 | 01-15-32 | 225,000 | 205,313 | |
The Williams Companies, Inc. | 3.750 | 06-15-27 | 249,000 | 244,184 | |
TransCanada PipeLines, Ltd. | 4.250 | 05-15-28 | 46,000 | 46,294 | |
Financials 21.9% | 8,169,721 | ||||
Banks 8.6% | |||||
Bank of America Corp. (3.846% to 3-8-32, then 5 Year CMT + 2.000%) | 3.846 | 03-08-37 | 192,000 | 173,828 | |
Bank of America Corp. (4.271% to 7-23-28, then 3 month LIBOR + 1.310%) | 4.271 | 07-23-29 | 100,000 | 99,320 | |
Bank of America Corp. (6.300% to 3-10-26, then 3 month LIBOR + 4.553%) (B) | 6.300 | 03-10-26 | 50,000 | 50,951 | |
Barclays PLC | 4.375 | 01-12-26 | 200,000 | 200,626 | |
Citigroup, Inc. (2.561% to 5-1-31, then SOFR + 1.167%) | 2.561 | 05-01-32 | 94,000 | 80,463 | |
Citizens Financial Group, Inc. | 3.250 | 04-30-30 | 115,000 | 105,066 | |
Credit Agricole SA (A) | 2.811 | 01-11-41 | 250,000 | 180,272 | |
Credit Agricole SA (A) | 3.250 | 01-14-30 | 250,000 | 220,935 | |
JPMorgan Chase & Co. (4.600% to 2-1-25, then SOFR + 3.125%) (B) | 4.600 | 02-01-25 | 75,000 | 67,227 | |
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) (B) | 6.750 | 02-01-24 | 135,000 | 138,787 | |
Lloyds Banking Group PLC | 4.450 | 05-08-25 | 200,000 | 203,137 | |
NatWest Group PLC (3.754% to 11-1-24, then 5 Year CMT + 2.100%) | 3.754 | 11-01-29 | 200,000 | 195,558 | |
Santander Holdings USA, Inc. (2.490% to 1-6-27, then SOFR + 1.249%) | 2.490 | 01-06-28 | 143,000 | 129,848 | |
Santander Holdings USA, Inc. | 3.244 | 10-05-26 | 400,000 | 382,680 | |
Santander Holdings USA, Inc. | 3.450 | 06-02-25 | 275,000 | 270,276 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 15 |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Banks (continued) | |||||
Santander Holdings USA, Inc. | 4.400 | 07-13-27 | 225,000 | $222,639 | |
The PNC Financial Services Group, Inc. (3.400% to 9-15-26, then 5 Year CMT + 2.595%) (B) | 3.400 | 09-15-26 | 190,000 | 158,644 | |
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 | 41,291 | |
The PNC Financial Services Group, Inc. (3 month LIBOR + 3.678%) (B)(C) | 4.964 | 08-01-22 | 58,000 | 57,424 | |
Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) (B) | 5.875 | 06-15-25 | 226,000 | 224,870 | |
Capital markets 6.9% | |||||
Ares Capital Corp. | 2.150 | 07-15-26 | 227,000 | 199,764 | |
Ares Capital Corp. | 2.875 | 06-15-28 | 116,000 | 98,144 | |
Ares Capital Corp. | 3.875 | 01-15-26 | 270,000 | 258,212 | |
Ares Capital Corp. | 4.200 | 06-10-24 | 34,000 | 34,127 | |
Blackstone Private Credit Fund (A) | 2.350 | 11-22-24 | 147,000 | 137,850 | |
Blackstone Private Credit Fund (A) | 2.700 | 01-15-25 | 116,000 | 108,840 | |
Blackstone Private Credit Fund (A) | 3.250 | 03-15-27 | 33,000 | 29,180 | |
Blackstone Private Credit Fund (A) | 4.000 | 01-15-29 | 163,000 | 143,988 | |
Cantor Fitzgerald LP (A) | 4.875 | 05-01-24 | 275,000 | 280,651 | |
Deutsche Bank AG (2.311% to 11-16-26, then SOFR + 1.219%) | 2.311 | 11-16-27 | 200,000 | 177,036 | |
Deutsche Bank AG (2.552% to 1-7-27, then SOFR + 1.318%) | 2.552 | 01-07-28 | 260,000 | 231,147 | |
Hercules Capital, Inc. | 2.625 | 09-16-26 | 48,000 | 43,014 | |
Lazard Group LLC | 4.375 | 03-11-29 | 27,000 | 26,325 | |
Macquarie Bank, Ltd. (A) | 3.624 | 06-03-30 | 200,000 | 177,896 | |
Morgan Stanley (2.239% to 7-21-31, then SOFR + 1.178%) | 2.239 | 07-21-32 | 95,000 | 80,198 | |
Morgan Stanley (2.484% to 9-16-31, then SOFR + 1.360%) | 2.484 | 09-16-36 | 219,000 | 176,649 | |
Oaktree Specialty Lending Corp. | 2.700 | 01-15-27 | 164,000 | 145,680 | |
The Goldman Sachs Group, Inc. (2.650% to 10-21-31, then SOFR + 1.264%) | 2.650 | 10-21-32 | 184,000 | 157,724 | |
The Goldman Sachs Group, Inc. | 3.850 | 01-26-27 | 83,000 | 82,278 | |
Consumer finance 0.4% | |||||
Capital One Financial Corp. (1.343% to 12-6-23, then SOFR + 0.690%) | 1.343 | 12-06-24 | 161,000 | 155,383 | |
Diversified financial services 1.2% | |||||
Jefferies Group LLC | 4.150 | 01-23-30 | 155,000 | 145,584 | |
Jefferies Group LLC | 4.850 | 01-15-27 | 137,000 | 139,301 | |
Voya Financial, Inc. (5.650% to 5-15-23, then 3 month LIBOR + 3.580%) | 5.650 | 05-15-53 | 170,000 | 164,903 | |
Insurance 4.8% | |||||
Ascot Group, Ltd. (A) | 4.250 | 12-15-30 | 50,000 | 48,783 | |
Athene Holding, Ltd. | 3.500 | 01-15-31 | 418,000 | 372,873 | |
CNO Financial Group, Inc. | 5.250 | 05-30-29 | 130,000 | 131,828 | |
MetLife, Inc. (6.400% to 12-15-36, then 3 month LIBOR + 2.205%) | 6.400 | 12-15-36 | 234,000 | 240,435 | |
New York Life Insurance Company (A) | 3.750 | 05-15-50 | 24,000 | 20,493 | |
Nippon Life Insurance Company (2.750% to 1-21-31, then 5 Year CMT + 2.653%) (A) | 2.750 | 01-21-51 | 235,000 | 198,492 | |
Nippon Life Insurance Company (5.100% to 10-16-24, then 5 Year U.S. Swap Rate + 3.650%) (A) | 5.100 | 10-16-44 | 200,000 | 201,856 | |
Ohio National Financial Services, Inc. (A) | 5.800 | 01-24-30 | 200,000 | 200,921 | |
Prudential Financial, Inc. (5.125% to 11-28-31, then 5 Year CMT + 3.162%) | 5.125 | 03-01-52 | 98,000 | 94,203 | |
Prudential Financial, Inc. (5.875% to 9-15-22, then 3 month LIBOR + 4.175%) | 5.875 | 09-15-42 | 69,000 | 68,721 | |
SBL Holdings, Inc. (A) | 5.000 | 02-18-31 | 105,000 | 92,264 | |
Teachers Insurance & Annuity Association of America (A) | 4.270 | 05-15-47 | 69,000 | 64,114 | |
Unum Group | 4.125 | 06-15-51 | 48,000 | 37,022 | |
Health care 6.1% | 2,284,210 | ||||
Health care providers and services 5.2% | |||||
AmerisourceBergen Corp. | 2.800 | 05-15-30 | 113,000 | 101,877 | |
CVS Health Corp. | 3.750 | 04-01-30 | 117,000 | 112,866 | |
CVS Health Corp. | 4.300 | 03-25-28 | 220,000 | 222,741 | |
CVS Health Corp. | 5.050 | 03-25-48 | 138,000 | 140,566 | |
Fresenius Medical Care US Finance III, Inc. (A) | 2.375 | 02-16-31 | 375,000 | 307,315 | |
Fresenius Medical Care US Finance III, Inc. (A) | 3.750 | 06-15-29 | 160,000 | 149,749 | |
HCA, Inc. | 4.125 | 06-15-29 | 346,000 | 335,178 |
16 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Health care (continued) | |||||
Health care providers and services (continued) | |||||
Universal Health Services, Inc. (A) | 1.650 | 09-01-26 | 300,000 | $268,254 | |
Universal Health Services, Inc. (A) | 2.650 | 10-15-30 | 359,000 | 303,646 | |
Pharmaceuticals 0.9% | |||||
Royalty Pharma PLC | 1.750 | 09-02-27 | 25,000 | 22,054 | |
Viatris, Inc. | 2.700 | 06-22-30 | 280,000 | 234,131 | |
Viatris, Inc. | 4.000 | 06-22-50 | 115,000 | 85,833 | |
Industrials 14.8% | 5,511,148 | ||||
Aerospace and defense 3.8% | |||||
DAE Funding LLC (A) | 3.375 | 03-20-28 | 400,000 | 357,000 | |
Huntington Ingalls Industries, Inc. | 4.200 | 05-01-30 | 253,000 | 244,101 | |
The Boeing Company | 3.200 | 03-01-29 | 114,000 | 101,781 | |
The Boeing Company | 5.040 | 05-01-27 | 376,000 | 377,779 | |
The Boeing Company | 5.150 | 05-01-30 | 222,000 | 220,710 | |
The Boeing Company | 5.805 | 05-01-50 | 136,000 | 133,818 | |
Airlines 5.2% | |||||
American Airlines 2016-1 Class AA Pass Through Trust | 3.575 | 01-15-28 | 184,531 | 173,028 | |
American Airlines 2017-1 Class AA Pass Through Trust | 3.650 | 02-15-29 | 111,353 | 103,197 | |
American Airlines 2017-2 Class A Pass Through Trust | 3.600 | 10-15-29 | 34,474 | 29,817 | |
American Airlines 2019-1 Class A Pass Through Trust | 3.500 | 02-15-32 | 18,723 | 15,046 | |
American Airlines 2019-1 Class AA Pass Through Trust | 3.150 | 02-15-32 | 28,530 | 25,535 | |
American Airlines 2021-1 Class A Pass Through Trust | 2.875 | 07-11-34 | 76,000 | 66,790 | |
British Airways 2020-1 Class A Pass Through Trust (A) | 4.250 | 11-15-32 | 22,228 | 21,276 | |
British Airways 2020-1 Class B Pass Through Trust (A) | 8.375 | 11-15-28 | 55,958 | 60,176 | |
Delta Air Lines, Inc. (A) | 4.750 | 10-20-28 | 381,000 | 380,486 | |
JetBlue 2019-1 Class AA Pass Through Trust | 2.750 | 05-15-32 | 31,159 | 27,239 | |
United Airlines 2014-2 Class A Pass Through Trust | 3.750 | 09-03-26 | 284,007 | 269,633 | |
United Airlines 2016-1 Class A Pass Through Trust | 3.450 | 07-07-28 | 113,621 | 96,298 | |
United Airlines 2019-1 Class A Pass Through Trust | 4.550 | 08-25-31 | 219,225 | 207,811 | |
United Airlines 2020-1 Class A Pass Through Trust | 5.875 | 10-15-27 | 281,151 | 282,557 | |
United Airlines 2020-1 Class B Pass Through Trust | 4.875 | 01-15-26 | 41,500 | 40,048 | |
US Airways 2010-1 Class A Pass Through Trust | 6.250 | 04-22-23 | 14,492 | 14,371 | |
US Airways 2012-1 Class A Pass Through Trust | 5.900 | 10-01-24 | 108,442 | 108,592 | |
Building products 0.5% | |||||
Owens Corning | 3.950 | 08-15-29 | 178,000 | 170,674 | |
Professional services 0.5% | |||||
CoStar Group, Inc. (A) | 2.800 | 07-15-30 | 196,000 | 169,375 | |
Trading companies and distributors 4.4% | |||||
AerCap Ireland Capital DAC | 1.650 | 10-29-24 | 10,000 | 9,375 | |
AerCap Ireland Capital DAC | 1.750 | 01-30-26 | 200,000 | 178,591 | |
AerCap Ireland Capital DAC | 2.450 | 10-29-26 | 490,000 | 438,149 | |
AerCap Ireland Capital DAC | 3.650 | 07-21-27 | 466,000 | 434,561 | |
Air Lease Corp. | 2.100 | 09-01-28 | 180,000 | 152,746 | |
Air Lease Corp. | 2.875 | 01-15-26 | 40,000 | 37,644 | |
Air Lease Corp. | 3.625 | 12-01-27 | 20,000 | 18,772 | |
Ashtead Capital, Inc. (A) | 4.250 | 11-01-29 | 410,000 | 384,232 | |
Transportation infrastructure 0.4% | |||||
Adani Ports & Special Economic Zone, Ltd. (A) | 3.100 | 02-02-31 | 200,000 | 159,940 | |
Information technology 10.4% | 3,887,490 | ||||
Communications equipment 0.7% | |||||
Motorola Solutions, Inc. | 2.300 | 11-15-30 | 151,000 | 122,693 | |
Motorola Solutions, Inc. | 2.750 | 05-24-31 | 160,000 | 133,099 | |
IT services 0.7% | |||||
CGI, Inc. (A) | 1.450 | 09-14-26 | 125,000 | 112,075 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 17 |
Rate (%) | Maturity date | Par value^ | Value | ||
Information technology (continued) | |||||
IT services (continued) | |||||
VeriSign, Inc. | 2.700 | 06-15-31 | 175,000 | $146,118 | |
Semiconductors and semiconductor equipment 5.8% | |||||
Broadcom, Inc. (A) | 3.419 | 04-15-33 | 220,000 | 189,404 | |
Broadcom, Inc. | 4.750 | 04-15-29 | 582,000 | 581,800 | |
Broadcom, Inc. (A) | 4.926 | 05-15-37 | 188,000 | 177,748 | |
Marvell Technology, Inc. | 2.450 | 04-15-28 | 295,000 | 263,156 | |
Micron Technology, Inc. | 4.185 | 02-15-27 | 280,000 | 280,117 | |
Micron Technology, Inc. | 5.327 | 02-06-29 | 322,000 | 332,285 | |
NXP BV | 3.875 | 06-18-26 | 260,000 | 256,604 | |
Qorvo, Inc. (A) | 3.375 | 04-01-31 | 125,000 | 104,638 | |
Software 1.2% | |||||
Autodesk, Inc. | 2.850 | 01-15-30 | 20,000 | 17,959 | |
Oracle Corp. | 2.950 | 04-01-30 | 132,000 | 115,169 | |
VMware, Inc. | 4.700 | 05-15-30 | 195,000 | 193,213 | |
Workday, Inc. | 3.800 | 04-01-32 | 115,000 | 108,140 | |
Technology hardware, storage and peripherals 2.0% | |||||
CDW LLC | 3.569 | 12-01-31 | 176,000 | 155,741 | |
Dell International LLC | 4.900 | 10-01-26 | 235,000 | 239,819 | |
Dell International LLC | 5.300 | 10-01-29 | 129,000 | 131,025 | |
Dell International LLC | 8.350 | 07-15-46 | 40,000 | 52,710 | |
Western Digital Corp. | 4.750 | 02-15-26 | 174,000 | 173,977 | |
Materials 2.4% | 889,240 | ||||
Chemicals 0.5% | |||||
Braskem Netherlands Finance BV (A) | 5.875 | 01-31-50 | 200,000 | 180,482 | |
Construction materials 0.1% | |||||
Vulcan Materials Company | 3.500 | 06-01-30 | 51,000 | 47,823 | |
Metals and mining 1.8% | |||||
Anglo American Capital PLC (A) | 4.750 | 04-10-27 | 200,000 | 203,271 | |
Freeport-McMoRan, Inc. | 4.625 | 08-01-30 | 250,000 | 241,830 | |
Freeport-McMoRan, Inc. | 5.450 | 03-15-43 | 200,000 | 196,726 | |
Newmont Corp. | 2.800 | 10-01-29 | 21,000 | 19,108 | |
Real estate 7.0% | 2,589,984 | ||||
Equity real estate investment trusts 7.0% | |||||
American Homes 4 Rent LP | 4.250 | 02-15-28 | 37,000 | 36,263 | |
American Tower Corp. | 3.800 | 08-15-29 | 215,000 | 202,670 | |
Crown Castle International Corp. | 3.300 | 07-01-30 | 55,000 | 50,132 | |
Crown Castle International Corp. | 3.650 | 09-01-27 | 73,000 | 70,759 | |
Crown Castle International Corp. | 3.800 | 02-15-28 | 51,000 | 49,600 | |
Equinix, Inc. | 1.550 | 03-15-28 | 69,000 | 59,278 | |
Equinix, Inc. | 2.500 | 05-15-31 | 221,000 | 187,035 | |
Equinix, Inc. | 3.200 | 11-18-29 | 94,000 | 86,079 | |
GLP Capital LP | 3.250 | 01-15-32 | 62,000 | 52,002 | |
GLP Capital LP | 4.000 | 01-15-30 | 77,000 | 70,298 | |
GLP Capital LP | 5.375 | 04-15-26 | 230,000 | 230,683 | |
Host Hotels & Resorts LP | 3.375 | 12-15-29 | 230,000 | 206,701 | |
Host Hotels & Resorts LP | 3.500 | 09-15-30 | 197,000 | 175,739 | |
Host Hotels & Resorts LP | 3.875 | 04-01-24 | 175,000 | 174,379 | |
Host Hotels & Resorts LP | 4.000 | 06-15-25 | 325,000 | 321,643 | |
Host Hotels & Resorts LP | 4.500 | 02-01-26 | 205,000 | 204,908 | |
Ventas Realty LP | 3.500 | 02-01-25 | 178,000 | 176,533 | |
VICI Properties LP (A) | 4.125 | 08-15-30 | 54,000 | 49,530 | |
VICI Properties LP | 4.375 | 05-15-25 | 62,000 | 61,644 | |
VICI Properties LP (A) | 4.625 | 12-01-29 | 93,000 | 87,420 | |
VICI Properties LP | 5.125 | 05-15-32 | 37,000 | 36,688 |
18 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Utilities 1.5% | $548,157 | ||||
Electric utilities 1.4% | |||||
NRG Energy, Inc. (A) | 2.450 | 12-02-27 | 66,000 | 58,212 | |
NRG Energy, Inc. (A) | 4.450 | 06-15-29 | 60,000 | 56,897 | |
Vistra Operations Company LLC (A) | 3.700 | 01-30-27 | 143,000 | 134,668 | |
Vistra Operations Company LLC (A) | 4.300 | 07-15-29 | 301,000 | 281,518 | |
Multi-utilities 0.1% | |||||
NiSource, Inc. | 3.600 | 05-01-30 | 18,000 | 16,862 | |
Municipal bonds 1.0% | $375,545 | ||||
(Cost $486,280) | |||||
Foothill-Eastern Transportation Corridor Agency (California) | 4.094 | 01-15-49 | 30,000 | 26,250 | |
Golden State Tobacco Securitization Corp. (California) | 4.214 | 06-01-50 | 93,000 | 74,801 | |
Maryland Health & Higher Educational Facilities Authority | 3.197 | 07-01-50 | 125,000 | 93,119 | |
New Jersey Transportation Trust Fund Authority | 4.081 | 06-15-39 | 60,000 | 53,045 | |
Ohio Turnpike & Infrastructure Commission | 3.216 | 02-15-48 | 30,000 | 23,170 | |
Regents of the University of California Medical Center Pooled Revenue | 3.006 | 05-15-50 | 140,000 | 105,160 | |
Shares | Value | ||||
Preferred securities 0.0% | $3,380 | ||||
(Cost $3,200) | |||||
Utilities 0.0% | 3,380 | ||||
Multi-utilities 0.0% | |||||
DTE Energy Company, 6.250% | 64 | 3,380 |
Total investments (Cost $40,941,060) 98.4% | $36,678,428 | ||||
Other assets and liabilities, net 1.6% | 597,290 | ||||
Total net assets 100.0% | $37,275,718 |
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 $8,514,525 or 22.8% of the portfolio’s net assets as of 5-31-22. |
(B) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
(C) | Variable rate obligation. The coupon rate shown represents the rate at period end. |
Rate (%) | Maturity date | Par value^ | Value | ||
Foreign government obligations 0.5% | $217,678 | ||||
(Cost $251,836) | |||||
Argentina 0.5% | 217,678 | ||||
Republic of Argentina Bond (2.500% to 7-9-22, then 3.500% to 7-9-29, then 4.875% thereafter) | 2.500 | 07-09-41 | 674,000 | 217,678 | |
Corporate bonds 93.3% | $36,061,830 | ||||
(Cost $39,338,476) | |||||
Communication services 16.8% | 6,497,438 | ||||
Diversified telecommunication services 3.5% | |||||
C&W Senior Financing DAC (A) | 6.875 | 09-15-27 | 200,000 | 187,540 | |
Connect Finco SARL (A) | 6.750 | 10-01-26 | 226,000 | 216,772 | |
GCI LLC (A) | 4.750 | 10-15-28 | 148,000 | 133,896 | |
Kenbourne Invest SA (A) | 4.700 | 01-22-28 | 200,000 | 161,744 | |
Switch, Ltd. (A) | 3.750 | 09-15-28 | 55,000 | 55,016 | |
Telecom Argentina SA (A) | 8.000 | 07-18-26 | 131,000 | 125,681 | |
Telesat Canada (A) | 5.625 | 12-06-26 | 84,000 | 59,929 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 19 |
Rate (%) | Maturity date | Par value^ | Value | ||
Communication services (continued) | |||||
Diversified telecommunication services (continued) | |||||
Total Play Telecomunicaciones SA de CV (A) | 6.375 | 09-20-28 | 200,000 | $164,502 | |
Total Play Telecomunicaciones SA de CV (A) | 7.500 | 11-12-25 | 289,000 | 262,198 | |
Entertainment 4.2% | |||||
AMC Entertainment Holdings, Inc. (A) | 10.000 | 06-15-26 | 277,000 | 212,251 | |
Lions Gate Capital Holdings LLC (A) | 5.500 | 04-15-29 | 190,000 | 165,300 | |
Live Nation Entertainment, Inc. (A) | 4.750 | 10-15-27 | 226,000 | 215,830 | |
Netflix, Inc. | 4.875 | 04-15-28 | 400,000 | 396,588 | |
Netflix, Inc. (A) | 4.875 | 06-15-30 | 98,000 | 96,334 | |
Netflix, Inc. (A) | 5.375 | 11-15-29 | 20,000 | 20,150 | |
Netflix, Inc. | 5.875 | 11-15-28 | 125,000 | 129,460 | |
Playtika Holding Corp. (A) | 4.250 | 03-15-29 | 34,000 | 29,776 | |
WMG Acquisition Corp. (A) | 3.000 | 02-15-31 | 254,000 | 217,678 | |
WMG Acquisition Corp. (A) | 3.875 | 07-15-30 | 154,000 | 141,552 | |
Interactive media and services 0.8% | |||||
Match Group Holdings II LLC (A) | 3.625 | 10-01-31 | 75,000 | 63,728 | |
Match Group Holdings II LLC (A) | 4.125 | 08-01-30 | 132,000 | 117,450 | |
Twitter, Inc. (A) | 3.875 | 12-15-27 | 120,000 | 115,471 | |
Media 4.8% | |||||
Cable One, Inc. (A) | 4.000 | 11-15-30 | 84,000 | 74,310 | |
CCO Holdings LLC (A) | 4.500 | 06-01-33 | 134,000 | 115,318 | |
Clear Channel Outdoor Holdings, Inc. (A) | 7.750 | 04-15-28 | 70,000 | 58,736 | |
Globo Comunicacao e Participacoes SA (A) | 4.875 | 01-22-30 | 242,000 | 208,741 | |
LCPR Senior Secured Financing DAC (A) | 6.750 | 10-15-27 | 180,000 | 181,350 | |
News Corp. (A) | 3.875 | 05-15-29 | 129,000 | 119,330 | |
News Corp. (A) | 5.125 | 02-15-32 | 79,000 | 75,248 | |
Radiate Holdco LLC (A) | 6.500 | 09-15-28 | 137,000 | 113,859 | |
Sirius XM Radio, Inc. (A) | 4.000 | 07-15-28 | 203,000 | 188,252 | |
Sirius XM Radio, Inc. (A) | 5.000 | 08-01-27 | 257,000 | 255,394 | |
Stagwell Global LLC (A) | 5.625 | 08-15-29 | 316,000 | 285,980 | |
Townsquare Media, Inc. (A) | 6.875 | 02-01-26 | 59,000 | 57,030 | |
Univision Communications, Inc. (A) | 4.500 | 05-01-29 | 59,000 | 54,059 | |
Videotron, Ltd. (A) | 3.625 | 06-15-29 | 97,000 | 82,935 | |
Wireless telecommunication services 3.5% | |||||
Millicom International Cellular SA (A) | 6.250 | 03-25-29 | 180,000 | 176,130 | |
Oztel Holdings SPC, Ltd. (A) | 6.625 | 04-24-28 | 200,000 | 203,960 | |
SoftBank Group Corp. (6.875% to 7-19-27, then 5 Year ICE Swap Rate + 4.854%) (B) | 6.875 | 07-19-27 | 200,000 | 181,987 | |
Sprint Corp. | 7.875 | 09-15-23 | 163,000 | 170,743 | |
T-Mobile USA, Inc. | 2.875 | 02-15-31 | 112,000 | 98,282 | |
T-Mobile USA, Inc. | 3.375 | 04-15-29 | 184,000 | 170,453 | |
Vodafone Group PLC (7.000% to 1-4-29, then 5 Year U.S. Swap Rate + 4.873%) | 7.000 | 04-04-79 | 321,000 | 336,495 | |
Consumer discretionary 17.3% | 6,681,036 | ||||
Auto components 0.3% | |||||
Dealer Tire LLC (A) | 8.000 | 02-01-28 | 81,000 | 74,723 | |
LCM Investments Holdings II LLC (A) | 4.875 | 05-01-29 | 50,000 | 42,625 | |
Automobiles 3.8% | |||||
Ford Motor Company | 3.250 | 02-12-32 | 118,000 | 99,751 | |
Ford Motor Credit Company LLC | 4.000 | 11-13-30 | 200,000 | 180,000 | |
Ford Motor Credit Company LLC | 4.125 | 08-17-27 | 235,000 | 222,663 | |
Ford Motor Credit Company LLC | 4.134 | 08-04-25 | 600,000 | 584,790 | |
Ford Motor Credit Company LLC | 5.113 | 05-03-29 | 400,000 | 389,848 | |
Diversified consumer services 1.3% | |||||
GEMS MENASA Cayman, Ltd. (A) | 7.125 | 07-31-26 | 200,000 | 194,600 | |
Service Corp. International | 4.000 | 05-15-31 | 213,000 | 198,024 | |
Sotheby’s (A) | 7.375 | 10-15-27 | 104,000 | 101,570 |
20 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary (continued) | |||||
Hotels, restaurants and leisure 8.7% | |||||
Affinity Gaming (A) | 6.875 | 12-15-27 | 87,000 | $77,347 | |
Caesars Resort Collection LLC (A) | 5.750 | 07-01-25 | 79,000 | 79,308 | |
CCM Merger, Inc. (A) | 6.375 | 05-01-26 | 105,000 | 101,319 | |
Dave & Buster’s, Inc. (A) | 7.625 | 11-01-25 | 24,000 | 24,090 | |
Full House Resorts, Inc. (A) | 8.250 | 02-15-28 | 113,000 | 102,265 | |
Hilton Domestic Operating Company, Inc. (A) | 3.625 | 02-15-32 | 158,000 | 137,065 | |
Hilton Domestic Operating Company, Inc. (A) | 4.000 | 05-01-31 | 91,000 | 83,420 | |
Hilton Domestic Operating Company, Inc. | 4.875 | 01-15-30 | 203,000 | 199,235 | |
Hilton Domestic Operating Company, Inc. (A) | 5.750 | 05-01-28 | 51,000 | 51,956 | |
Hilton Grand Vacations Borrower Escrow LLC (A) | 4.875 | 07-01-31 | 105,000 | 92,544 | |
Hilton Grand Vacations Borrower Escrow LLC (A) | 5.000 | 06-01-29 | 149,000 | 138,567 | |
International Game Technology PLC (A) | 5.250 | 01-15-29 | 200,000 | 195,070 | |
International Game Technology PLC (A) | 6.500 | 02-15-25 | 75,000 | 77,063 | |
Jacobs Entertainment, Inc. (A) | 6.750 | 02-15-29 | 74,000 | 68,315 | |
Life Time, Inc. (A) | 8.000 | 04-15-26 | 81,000 | 79,468 | |
Marriott Ownership Resorts, Inc. (A) | 4.500 | 06-15-29 | 38,000 | 33,761 | |
MGM Resorts International | 4.750 | 10-15-28 | 286,000 | 260,304 | |
Midwest Gaming Borrower LLC (A) | 4.875 | 05-01-29 | 151,000 | 127,595 | |
Mohegan Gaming & Entertainment (A) | 8.000 | 02-01-26 | 190,000 | 175,657 | |
New Red Finance, Inc. (A) | 4.000 | 10-15-30 | 329,000 | 289,982 | |
Papa John’s International, Inc. (A) | 3.875 | 09-15-29 | 24,000 | 21,479 | |
Premier Entertainment Sub LLC (A) | 5.625 | 09-01-29 | 96,000 | 76,080 | |
Premier Entertainment Sub LLC (A) | 5.875 | 09-01-31 | 291,000 | 227,772 | |
Resorts World Las Vegas LLC (A) | 4.625 | 04-16-29 | 200,000 | 170,386 | |
Travel + Leisure Company (A) | 4.625 | 03-01-30 | 158,000 | 137,065 | |
Travel + Leisure Company | 6.600 | 10-01-25 | 29,000 | 30,015 | |
Wyndham Hotels & Resorts, Inc. (A) | 4.375 | 08-15-28 | 91,000 | 85,869 | |
Yum! Brands, Inc. | 3.625 | 03-15-31 | 250,000 | 221,111 | |
Household durables 1.7% | |||||
Brookfield Residential Properties, Inc. (A) | 5.000 | 06-15-29 | 120,000 | 101,442 | |
Century Communities, Inc. (A) | 3.875 | 08-15-29 | 225,000 | 194,603 | |
Century Communities, Inc. | 6.750 | 06-01-27 | 178,000 | 180,992 | |
Empire Communities Corp. (A) | 7.000 | 12-15-25 | 41,000 | 36,746 | |
KB Home | 4.000 | 06-15-31 | 168,000 | 145,110 | |
Multiline retail 0.2% | |||||
Macy’s Retail Holdings LLC (A) | 5.875 | 04-01-29 | 36,000 | 33,892 | |
Macy’s Retail Holdings LLC (A) | 5.875 | 03-15-30 | 20,000 | 18,250 | |
Macy’s Retail Holdings LLC (A) | 6.125 | 03-15-32 | 19,000 | 17,053 | |
Specialty retail 1.2% | |||||
Asbury Automotive Group, Inc. (A) | 4.625 | 11-15-29 | 40,000 | 36,875 | |
Asbury Automotive Group, Inc. | 4.750 | 03-01-30 | 159,000 | 144,293 | |
Group 1 Automotive, Inc. (A) | 4.000 | 08-15-28 | 21,000 | 19,126 | |
Ken Garff Automotive LLC (A) | 4.875 | 09-15-28 | 96,000 | 83,014 | |
Lithia Motors, Inc. (A) | 3.875 | 06-01-29 | 59,000 | 54,486 | |
Lithia Motors, Inc. (A) | 4.375 | 01-15-31 | 59,000 | 54,550 | |
Lithia Motors, Inc. (A) | 4.625 | 12-15-27 | 29,000 | 28,544 | |
Specialty Building Products Holdings LLC (A) | 6.375 | 09-30-26 | 28,000 | 25,830 | |
Textiles, apparel and luxury goods 0.1% | |||||
Levi Strauss & Company (A) | 3.500 | 03-01-31 | 61,000 | 53,528 | |
Consumer staples 4.4% | 1,701,943 | ||||
Food and staples retailing 1.5% | |||||
Advantage Sales & Marketing, Inc. (A) | 6.500 | 11-15-28 | 209,000 | 186,156 | |
Albertsons Companies, Inc. (A) | 3.250 | 03-15-26 | 79,000 | 74,042 | |
Albertsons Companies, Inc. (A) | 3.500 | 03-15-29 | 237,000 | 206,263 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 21 |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer staples (continued) | |||||
Food and staples retailing (continued) | |||||
U.S. Foods, Inc. (A) | 4.750 | 02-15-29 | 131,000 | $122,966 | |
Food products 1.8% | |||||
BRF SA (A) | 5.750 | 09-21-50 | 200,000 | 149,940 | |
MARB BondCo PLC (A) | 3.950 | 01-29-31 | 252,000 | 210,458 | |
NBM US Holdings, Inc. (A) | 6.625 | 08-06-29 | 200,000 | 204,252 | |
Post Holdings, Inc. (A) | 5.500 | 12-15-29 | 152,000 | 144,732 | |
Household products 0.7% | |||||
Edgewell Personal Care Company (A) | 4.125 | 04-01-29 | 80,000 | 72,647 | |
Edgewell Personal Care Company (A) | 5.500 | 06-01-28 | 201,000 | 195,487 | |
Personal products 0.4% | |||||
Oriflame Investment Holding PLC (A) | 5.125 | 05-04-26 | 200,000 | 135,000 | |
Energy 9.4% | 3,641,579 | ||||
Energy equipment and services 0.5% | |||||
CSI Compressco LP (A) | 7.500 | 04-01-25 | 88,000 | 82,759 | |
CSI Compressco LP (A) | 7.500 | 04-01-25 | 27,000 | 25,392 | |
CSI Compressco LP (10.000% Cash or 7.250% Cash and 3.500% PIK) (A) | 10.000 | 04-01-26 | 89,978 | 85,201 | |
Oil, gas and consumable fuels 8.9% | |||||
Altera Infrastructure LP (A) | 8.500 | 07-15-23 | 72,000 | 39,600 | |
Antero Midstream Partners LP (A) | 5.375 | 06-15-29 | 147,000 | 147,386 | |
Antero Resources Corp. (A) | 5.375 | 03-01-30 | 63,000 | 63,896 | |
Ascent Resources Utica Holdings LLC (A) | 5.875 | 06-30-29 | 181,000 | 173,308 | |
Cheniere Energy Partners LP | 4.000 | 03-01-31 | 290,000 | 267,888 | |
Cheniere Energy Partners LP | 4.500 | 10-01-29 | 280,000 | 273,157 | |
DCP Midstream Operating LP (5.850% to 5-21-23, then 3 month LIBOR + 3.850%) (A) | 5.850 | 05-21-43 | 129,000 | 113,198 | |
Energean Israel Finance, Ltd. (A) | 5.375 | 03-30-28 | 25,000 | 23,102 | |
Energean Israel Finance, Ltd. (A) | 5.875 | 03-30-31 | 94,000 | 85,411 | |
Energy Transfer LP (6.500% to 11-15-26, then 5 Year CMT + 5.694%) (B) | 6.500 | 11-15-26 | 250,000 | 233,407 | |
Hess Midstream Operations LP (A) | 4.250 | 02-15-30 | 42,000 | 38,491 | |
Hess Midstream Operations LP (A) | 5.500 | 10-15-30 | 19,000 | 18,742 | |
Inversiones Latin America Power Ltda (A) | 5.125 | 06-15-33 | 198,244 | 133,815 | |
Leviathan Bond, Ltd. (A) | 6.500 | 06-30-27 | 264,000 | 262,037 | |
Leviathan Bond, Ltd. (A) | 6.750 | 06-30-30 | 38,000 | 37,459 | |
MC Brazil Downstream Trading SARL (A) | 7.250 | 06-30-31 | 200,000 | 178,250 | |
MPLX LP (6.875% to 2-15-23, then 3 month LIBOR + 4.652%) (B) | 6.875 | 02-15-23 | 472,000 | 458,006 | |
Parkland Corp. (A) | 4.500 | 10-01-29 | 116,000 | 104,761 | |
Parkland Corp. (A) | 4.625 | 05-01-30 | 107,000 | 96,494 | |
Petrobras Global Finance BV | 6.900 | 03-19-49 | 93,000 | 87,799 | |
Petrorio Luxembourg Trading Sarl (A) | 6.125 | 06-09-26 | 200,000 | 191,802 | |
Southwestern Energy Company | 4.750 | 02-01-32 | 74,000 | 72,319 | |
Sunoco LP | 4.500 | 05-15-29 | 70,000 | 65,170 | |
Sunoco LP (A) | 4.500 | 04-30-30 | 167,000 | 151,970 | |
Venture Global Calcasieu Pass LLC (A) | 3.875 | 08-15-29 | 52,000 | 49,196 | |
Venture Global Calcasieu Pass LLC (A) | 4.125 | 08-15-31 | 87,000 | 81,563 | |
Financials 7.7% | 2,990,528 | ||||
Banks 4.5% | |||||
Barclays PLC (4.375% to 3-15-28, then 5 Year CMT + 3.410%) (B) | 4.375 | 03-15-28 | 200,000 | 168,055 | |
Citigroup, Inc. (4.700% to 1-30-25, then SOFR + 3.234%) (B) | 4.700 | 01-30-25 | 331,000 | 294,878 | |
Citigroup, Inc. (6.250% to 8-15-26, then 3 month LIBOR + 4.517%) (B) | 6.250 | 08-15-26 | 207,000 | 207,715 | |
Fifth Third Bancorp (5.100% to 6-30-23, then 3 month LIBOR + 3.033%) (B) | 5.100 | 06-30-23 | 158,000 | 149,461 | |
Freedom Mortgage Corp. (A) | 8.250 | 04-15-25 | 175,000 | 162,091 | |
ING Groep NV (6.500% to 4-16-25, then 5 Year U.S. Swap Rate + 4.446%) (B) | 6.500 | 04-16-25 | 200,000 | 199,545 | |
NatWest Group PLC (6.000% to 12-29-25, then 5 Year CMT + 5.625%) (B) | 6.000 | 12-29-25 | 200,000 | 195,928 | |
Societe Generale SA (4.750% to 5-26-26, then 5 Year CMT + 3.931%) (A)(B) | 4.750 | 05-26-26 | 200,000 | 177,745 | |
Societe Generale SA (5.375% to 11-18-30, then 5 Year CMT + 4.514%) (A)(B) | 5.375 | 11-18-30 | 200,000 | 174,474 |
22 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Capital markets 1.4% | |||||
Deutsche Bank AG (3.742% to 10-7-31, then SOFR + 2.257%) | 3.742 | 01-07-33 | 250,000 | $204,371 | |
MSCI, Inc. (A) | 3.250 | 08-15-33 | 159,000 | 138,591 | |
MSCI, Inc. (A) | 3.625 | 11-01-31 | 225,000 | 203,558 | |
Consumer finance 0.7% | |||||
Enova International, Inc. (A) | 8.500 | 09-01-24 | 30,000 | 28,779 | |
Enova International, Inc. (A) | 8.500 | 09-15-25 | 157,000 | 140,908 | |
OneMain Finance Corp. | 6.875 | 03-15-25 | 81,000 | 82,322 | |
OneMain Finance Corp. | 8.875 | 06-01-25 | 40,000 | 41,775 | |
Insurance 0.4% | |||||
Liberty Mutual Group, Inc. (4.125% to 9-15-26, then 5 Year CMT + 3.315%) (A) | 4.125 | 12-15-51 | 189,000 | 164,446 | |
Thrifts and mortgage finance 0.7% | |||||
Nationstar Mortgage Holdings, Inc. (A) | 5.125 | 12-15-30 | 80,000 | 71,616 | |
Nationstar Mortgage Holdings, Inc. (A) | 6.000 | 01-15-27 | 70,000 | 67,893 | |
Radian Group, Inc. | 4.500 | 10-01-24 | 118,000 | 116,377 | |
Health care 4.9% | 1,903,170 | ||||
Health care equipment and supplies 0.2% | |||||
Varex Imaging Corp. (A) | 7.875 | 10-15-27 | 81,000 | 82,114 | |
Health care providers and services 3.6% | |||||
AdaptHealth LLC (A) | 5.125 | 03-01-30 | 137,000 | 119,114 | |
Centene Corp. | 3.000 | 10-15-30 | 190,000 | 169,013 | |
Centene Corp. | 3.375 | 02-15-30 | 30,000 | 27,525 | |
Centene Corp. | 4.250 | 12-15-27 | 25,000 | 24,875 | |
Centene Corp. | 4.625 | 12-15-29 | 160,000 | 157,686 | |
DaVita, Inc. (A) | 3.750 | 02-15-31 | 237,000 | 194,238 | |
DaVita, Inc. (A) | 4.625 | 06-01-30 | 222,000 | 192,863 | |
Encompass Health Corp. | 4.500 | 02-01-28 | 77,000 | 71,584 | |
Encompass Health Corp. | 4.625 | 04-01-31 | 73,000 | 64,696 | |
Rede D’or Finance Sarl (A) | 4.500 | 01-22-30 | 200,000 | 174,302 | |
Select Medical Corp. (A) | 6.250 | 08-15-26 | 181,000 | 180,560 | |
Pharmaceuticals 1.1% | |||||
Catalent Pharma Solutions, Inc. (A) | 3.125 | 02-15-29 | 32,000 | 28,711 | |
Catalent Pharma Solutions, Inc. (A) | 5.000 | 07-15-27 | 31,000 | 30,614 | |
Jazz Securities DAC (A) | 4.375 | 01-15-29 | 200,000 | 193,000 | |
Organon & Company (A) | 5.125 | 04-30-31 | 200,000 | 192,275 | |
Industrials 16.3% | 6,277,315 | ||||
Aerospace and defense 0.9% | |||||
TransDigm, Inc. | 5.500 | 11-15-27 | 384,000 | 367,634 | |
Airlines 4.3% | |||||
American Airlines 2015-1 Class A Pass Through Trust | 3.375 | 05-01-27 | 343,112 | 306,516 | |
American Airlines 2015-1 Class B Pass Through Trust | 3.700 | 05-01-23 | 74,985 | 72,110 | |
American Airlines 2016-1 Class A Pass Through Trust | 4.100 | 01-15-28 | 77,502 | 67,586 | |
American Airlines 2019-1 Class A Pass Through Trust | 3.500 | 02-15-32 | 184,556 | 148,308 | |
American Airlines 2021-1 Class B Pass Through Trust | 3.950 | 07-11-30 | 67,000 | 58,991 | |
Delta Air Lines, Inc. | 2.900 | 10-28-24 | 325,000 | 315,161 | |
Delta Air Lines, Inc. | 3.800 | 04-19-23 | 185,000 | 186,430 | |
Delta Air Lines, Inc. | 4.375 | 04-19-28 | 226,000 | 214,106 | |
United Airlines 2016-1 Class B Pass Through Trust | 3.650 | 01-07-26 | 164,352 | 150,175 | |
United Airlines, Inc. (A) | 4.375 | 04-15-26 | 9,000 | 8,685 | |
United Airlines, Inc. (A) | 4.625 | 04-15-29 | 52,000 | 48,786 | |
US Airways 2010-1 Class A Pass Through Trust | 6.250 | 04-22-23 | 4,927 | 4,886 | |
US Airways 2011-1 Class A Pass Through Trust | 7.125 | 10-22-23 | 69,417 | 70,123 | |
Building products 0.7% | |||||
Builders FirstSource, Inc. (A) | 4.250 | 02-01-32 | 179,000 | 159,618 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 23 |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Building products (continued) | |||||
Builders FirstSource, Inc. (A) | 5.000 | 03-01-30 | 35,000 | $32,824 | |
Builders FirstSource, Inc. (A) | 6.750 | 06-01-27 | 28,000 | 28,627 | |
MIWD Holdco II LLC (A) | 5.500 | 02-01-30 | 46,000 | 39,105 | |
Commercial services and supplies 3.9% | |||||
Albion Financing 1 Sarl (A) | 6.125 | 10-15-26 | 200,000 | 182,328 | |
APX Group, Inc. (A) | 5.750 | 07-15-29 | 142,000 | 120,213 | |
Cimpress PLC (A) | 7.000 | 06-15-26 | 258,000 | 219,300 | |
Clean Harbors, Inc. (A) | 4.875 | 07-15-27 | 22,000 | 21,725 | |
Deluxe Corp. (A) | 8.000 | 06-01-29 | 66,000 | 58,493 | |
Garda World Security Corp. (A) | 6.000 | 06-01-29 | 124,000 | 102,383 | |
GFL Environmental, Inc. (A) | 3.500 | 09-01-28 | 235,000 | 214,438 | |
GFL Environmental, Inc. (A) | 4.375 | 08-15-29 | 137,000 | 122,273 | |
GFL Environmental, Inc. (A) | 4.750 | 06-15-29 | 88,000 | 80,166 | |
Graphic Packaging International LLC (A) | 3.500 | 03-01-29 | 183,000 | 165,158 | |
Legends Hospitality Holding Company LLC (A) | 5.000 | 02-01-26 | 52,000 | 48,639 | |
Prime Security Services Borrower LLC (A) | 3.375 | 08-31-27 | 29,000 | 25,955 | |
Prime Security Services Borrower LLC (A) | 6.250 | 01-15-28 | 110,000 | 101,288 | |
Williams Scotsman International, Inc. (A) | 4.625 | 08-15-28 | 34,000 | 32,146 | |
Construction and engineering 0.9% | |||||
Global Infrastructure Solutions, Inc. (A) | 5.625 | 06-01-29 | 167,000 | 140,081 | |
Picasso Finance Sub, Inc. (A) | 6.125 | 06-15-25 | 14,000 | 14,245 | |
Tutor Perini Corp. (A) | 6.875 | 05-01-25 | 199,000 | 185,070 | |
Electrical equipment 0.6% | |||||
Atkore, Inc. (A) | 4.250 | 06-01-31 | 66,000 | 60,225 | |
Vertiv Group Corp. (A) | 4.125 | 11-15-28 | 193,000 | 171,578 | |
Machinery 1.0% | |||||
Hillenbrand, Inc. | 3.750 | 03-01-31 | 115,000 | 101,200 | |
JB Poindexter & Company, Inc. (A) | 7.125 | 04-15-26 | 79,000 | 78,258 | |
TK Elevator U.S. Newco, Inc. (A) | 5.250 | 07-15-27 | 200,000 | 195,000 | |
Professional services 0.3% | |||||
TriNet Group, Inc. (A) | 3.500 | 03-01-29 | 124,000 | 110,547 | |
Road and rail 1.6% | |||||
The Hertz Corp. (A) | 5.000 | 12-01-29 | 42,000 | 36,855 | |
Uber Technologies, Inc. (A) | 4.500 | 08-15-29 | 260,000 | 235,151 | |
Uber Technologies, Inc. (A) | 7.500 | 05-15-25 | 120,000 | 123,776 | |
Uber Technologies, Inc. (A) | 7.500 | 09-15-27 | 230,000 | 237,748 | |
Trading companies and distributors 2.1% | |||||
Alta Equipment Group, Inc. (A) | 5.625 | 04-15-26 | 33,000 | 29,700 | |
Beacon Roofing Supply, Inc. (A) | 4.125 | 05-15-29 | 130,000 | 114,549 | |
BlueLinx Holdings, Inc. (A) | 6.000 | 11-15-29 | 154,000 | 137,060 | |
Boise Cascade Company (A) | 4.875 | 07-01-30 | 26,000 | 24,115 | |
H&E Equipment Services, Inc. (A) | 3.875 | 12-15-28 | 173,000 | 150,925 | |
United Rentals North America, Inc. | 3.875 | 02-15-31 | 101,000 | 91,721 | |
United Rentals North America, Inc. | 4.875 | 01-15-28 | 266,000 | 265,335 | |
Information technology 2.9% | 1,102,012 | ||||
IT services 1.4% | |||||
Block, Inc. (A) | 2.750 | 06-01-26 | 48,000 | 44,272 | |
Block, Inc. (A) | 3.500 | 06-01-31 | 65,000 | 55,738 | |
Gartner, Inc. (A) | 3.625 | 06-15-29 | 61,000 | 55,663 | |
Gartner, Inc. (A) | 3.750 | 10-01-30 | 34,000 | 31,535 | |
Gartner, Inc. (A) | 4.500 | 07-01-28 | 227,000 | 220,746 | |
Sabre GLBL, Inc. (A) | 7.375 | 09-01-25 | 138,000 | 136,275 | |
Software 0.9% | |||||
Consensus Cloud Solutions, Inc. (A) | 6.500 | 10-15-28 | 165,000 | 148,927 |
24 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Information technology (continued) | |||||
Software (continued) | |||||
PTC, Inc. (A) | 4.000 | 02-15-28 | 61,000 | $58,199 | |
Ziff Davis, Inc. (A) | 4.625 | 10-15-30 | 132,000 | 115,303 | |
Technology hardware, storage and peripherals 0.6% | |||||
Atento Luxco 1 SA (A) | 8.000 | 02-10-26 | 109,000 | 86,123 | |
Xerox Holdings Corp. (A) | 5.500 | 08-15-28 | 164,000 | 149,231 | |
Materials 8.6% | 3,317,677 | ||||
Chemicals 3.9% | |||||
Braskem Idesa SAPI (A) | 6.990 | 02-20-32 | 200,000 | 176,602 | |
Braskem Netherlands Finance BV (8.500% to 10-24-25, then 5 Year CMT + 8.220%) (A) | 8.500 | 01-23-81 | 200,000 | 213,500 | |
CVR Partners LP (A) | 6.125 | 06-15-28 | 64,000 | 61,204 | |
FS Luxembourg Sarl (A) | 10.000 | 12-15-25 | 200,000 | 210,952 | |
LSB Industries, Inc. (A) | 6.250 | 10-15-28 | 94,000 | 92,906 | |
Sasol Financing USA LLC | 5.500 | 03-18-31 | 261,000 | 227,592 | |
Trinseo Materials Operating SCA (A) | 5.125 | 04-01-29 | 119,000 | 99,365 | |
Tronox, Inc. (A) | 4.625 | 03-15-29 | 167,000 | 153,223 | |
Valvoline, Inc. (A) | 3.625 | 06-15-31 | 221,000 | 196,330 | |
WR Grace Holdings LLC (A) | 4.875 | 06-15-27 | 81,000 | 75,716 | |
Construction materials 1.4% | |||||
Cemex SAB de CV (A) | 3.875 | 07-11-31 | 200,000 | 169,500 | |
Cemex SAB de CV (A) | 5.200 | 09-17-30 | 200,000 | 187,860 | |
Standard Industries, Inc. (A) | 3.375 | 01-15-31 | 66,000 | 55,394 | |
Standard Industries, Inc. (A) | 4.375 | 07-15-30 | 77,000 | 69,370 | |
Standard Industries, Inc. (A) | 5.000 | 02-15-27 | 37,000 | 35,844 | |
Containers and packaging 1.2% | |||||
Clydesdale Acquisition Holdings, Inc. (A) | 6.625 | 04-15-29 | 14,000 | 13,825 | |
Graham Packaging Company, Inc. (A) | 7.125 | 08-15-28 | 24,000 | 19,684 | |
Owens-Brockway Glass Container, Inc. (A) | 6.625 | 05-13-27 | 110,000 | 108,461 | |
Pactiv Evergreen Group Issuer LLC (A) | 4.000 | 10-15-27 | 221,000 | 200,005 | |
Pactiv Evergreen Group Issuer LLC (A) | 4.375 | 10-15-28 | 95,000 | 85,558 | |
Trident TPI Holdings, Inc. (A) | 6.625 | 11-01-25 | 51,000 | 47,685 | |
Metals and mining 2.1% | |||||
Arconic Corp. (A) | 6.125 | 02-15-28 | 91,000 | 89,221 | |
First Quantum Minerals, Ltd. (A) | 6.875 | 10-15-27 | 400,000 | 399,162 | |
Hudbay Minerals, Inc. (A) | 4.500 | 04-01-26 | 37,000 | 32,880 | |
JW Aluminum Continuous Cast Company (A) | 10.250 | 06-01-26 | 15,000 | 15,413 | |
Novelis Corp. (A) | 4.750 | 01-30-30 | 258,000 | 244,778 | |
Volcan Cia Minera SAA (A) | 4.375 | 02-11-26 | 39,000 | 35,647 | |
Real estate 2.2% | 863,714 | ||||
Equity real estate investment trusts 2.2% | |||||
Iron Mountain Information Management Services, Inc. (A) | 5.000 | 07-15-32 | 156,000 | 143,183 | |
Iron Mountain, Inc. (A) | 4.875 | 09-15-29 | 88,000 | 83,218 | |
Iron Mountain, Inc. (A) | 5.250 | 07-15-30 | 103,000 | 98,365 | |
RHP Hotel Properties LP (A) | 4.500 | 02-15-29 | 231,000 | 215,518 | |
RLJ Lodging Trust LP (A) | 3.750 | 07-01-26 | 101,000 | 97,157 | |
Uniti Group LP (A) | 6.500 | 02-15-29 | 76,000 | 63,460 | |
VICI Properties LP (A) | 3.875 | 02-15-29 | 102,000 | 91,563 | |
XHR LP (A) | 4.875 | 06-01-29 | 76,000 | 71,250 | |
Utilities 2.8% | 1,085,418 | ||||
Electric utilities 1.1% | |||||
FirstEnergy Corp. | 2.650 | 03-01-30 | 141,000 | 123,216 | |
NRG Energy, Inc. (A) | 3.375 | 02-15-29 | 38,000 | 33,818 | |
NRG Energy, Inc. (A) | 3.625 | 02-15-31 | 120,000 | 105,600 | |
NRG Energy, Inc. (A) | 3.875 | 02-15-32 | 207,000 | 182,160 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 25 |
Rate (%) | Maturity date | Par value^ | Value | ||
Utilities (continued) | |||||
Gas utilities 0.8% | |||||
AmeriGas Partners LP | 5.500 | 05-20-25 | 194,000 | $192,060 | |
Suburban Propane Partners LP (A) | 5.000 | 06-01-31 | 113,000 | 104,111 | |
Independent power and renewable electricity producers 0.9% | |||||
DPL, Inc. | 4.125 | 07-01-25 | 158,000 | 151,680 | |
NextEra Energy Operating Partners LP (A) | 3.875 | 10-15-26 | 144,000 | 138,440 | |
NextEra Energy Operating Partners LP (A) | 4.500 | 09-15-27 | 56,000 | 54,333 | |
Term loans (C) 2.9% | $1,139,995 | ||||
(Cost $1,215,073) | |||||
Communication services 0.2% | 63,818 | ||||
Media 0.2% | |||||
AP Core Holdings II LLC, High-Yield Term Loan B2 (1 month LIBOR + 5.500%) | 6.560 | 09-01-27 | 67,000 | 63,818 | |
Consumer discretionary 1.3% | 498,338 | ||||
Hotels, restaurants and leisure 0.8% | |||||
Carnival Corp., 2021 Incremental Term Loan B (3 month LIBOR + 3.250%) | 4.000 | 10-18-28 | 234,500 | 222,677 | |
Fertitta Entertainment LLC, 2022 Term Loan B (1 month CME Term SOFR + 4.000%) | 5.034 | 01-27-29 | 79,000 | 75,490 | |
Household durables 0.5% | |||||
Hunter Douglas, Inc., USD Term Loan B1 (3 month SOFR + 3.500%) | 4.000 | 02-26-29 | 222,000 | 200,171 | |
Health care 0.1% | 47,819 | ||||
Health care providers and services 0.1% | |||||
TTF Holdings LLC, Term Loan (1 month LIBOR + 4.250%) | 5.313 | 03-31-28 | 50,405 | 47,819 | |
Industrials 0.6% | 250,527 | ||||
Professional services 0.6% | |||||
CoreLogic, Inc., Term Loan (1 month LIBOR + 3.500%) | 4.563 | 06-02-28 | 273,800 | 250,527 | |
Information technology 0.4% | 140,094 | ||||
Software 0.4% | |||||
Quest Software, Inc., 2022 Term Loan (3 month SOFR + 4.250%) | 4.750 | 02-01-29 | 152,000 | 140,094 | |
Materials 0.3% | 139,399 | ||||
Containers and packaging 0.3% | |||||
Clydesdale Acquisition Holdings, Inc., Term Loan B (D) | TBD | 04-13-29 | 34,000 | 32,300 | |
Mauser Packaging Solutions Holding Company, 2017 Term Loan B (D) | TBD | 04-03-24 | 111,561 | 107,099 | |
Asset backed securities 0.1% | $34,218 | ||||
(Cost $38,000) | |||||
Asset backed securities 0.1% | 34,218 | ||||
Diamond Infrastructure Funding LLC | |||||
Series 2021-1A, Class C (A) | 3.475 | 04-15-49 | 38,000 | 34,218 | |
Shares | Value | ||||
Common stocks 0.6% | $207,479 | ||||
(Cost $224,041) | |||||
Utilities 0.6% | 207,479 | ||||
Multi-utilities 0.6% | |||||
Algonquin Power & Utilities Corp. | 4,500 | 207,479 | |||
Preferred securities 0.2% | $90,250 | ||||
(Cost $91,274) | |||||
Communication services 0.2% | 90,250 | ||||
Wireless telecommunication services 0.2% | |||||
Telephone & Data Systems, Inc., 6.625% | 3,800 | 90,250 | |||
26 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Par value^ | Value | ||||
Escrow certificates 0.0% | $50 | ||||
(Cost $0) | |||||
LSC Communications, Inc. (A)(E) | 80,000 | 50 |
Total investments (Cost $41,158,700) 97.6% | $37,751,500 | ||||
Other assets and liabilities, net 2.4% | 915,308 | ||||
Total net assets 100.0% | $38,666,808 |
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 | |
CME | Chicago Mercantile Exchange |
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 $25,007,572 or 64.7% of the portfolio’s net assets as of 5-31-22. |
(B) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
(C) | Term loans are variable rate obligations. The coupon rate shown represents the rate at period end. |
(D) | 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). |
(E) | Non-income producing security. |
Rate (%) | Maturity date | Par value^ | Value | ||
Collateralized mortgage obligations 37.3% | $13,944,432 | ||||
(Cost $14,700,524) | |||||
Commercial and residential 30.2% | 11,309,624 | ||||
Angel Oak Mortgage Trust LLC | |||||
Series 2020-R1, Class A1 (A)(B) | 0.990 | 04-25-53 | 88,505 | 85,893 | |
Series 2021-4, Class A1 (A)(B) | 1.035 | 01-20-65 | 197,067 | 178,092 | |
Series 2021-5, Class A1 (A)(B) | 0.951 | 07-25-66 | 194,990 | 179,398 | |
Arroyo Mortgage Trust | |||||
Series 2021-1R, Class A1 (A)(B) | 1.175 | 10-25-48 | 85,201 | 79,487 | |
BAMLL Commercial Mortgage Securities Trust | |||||
Series 2015-200P, Class A (A) | 3.218 | 04-14-33 | 100,000 | 96,658 | |
Series 2015-200P, Class C (A)(B) | 3.596 | 04-14-33 | 115,000 | 109,655 | |
BBCMS Mortgage Trust | |||||
Series 2020-C6, Class A2 | 2.690 | 02-15-53 | 81,000 | 78,953 | |
BBCMS Trust | |||||
Series 2015-SRCH, Class D (A)(B) | 4.957 | 08-10-35 | 100,000 | 90,880 | |
Benchmark Mortgage Trust | |||||
Series 2019-B12, Class A2 | 3.001 | 08-15-52 | 98,449 | 96,607 | |
BOCA Commercial Mortgage Trust | |||||
Series 2022-BOCA, Class A (1 month CME Term SOFR + 1.770%) (A)(C) | 2.270 | 05-15-39 | 158,000 | 155,606 | |
Series 2022-BOCA, Class B (1 month CME Term SOFR + 2.319%) (A)(C) | 2.819 | 05-15-39 | 100,000 | 98,503 | |
BRAVO Residential Funding Trust | |||||
Series 2021-NQM1, Class A1 (A)(B) | 0.941 | 02-25-49 | 55,183 | 52,078 | |
BX Commercial Mortgage Trust | |||||
Series 2020-VKNG, Class A (1 month LIBOR + 0.930%) (A)(C) | 1.805 | 10-15-37 | 100,760 | 98,124 | |
Series 2021-ACNT, Class A (1 month LIBOR + 0.850%) (A)(C) | 1.725 | 11-15-38 | 300,000 | 289,409 | |
Series 2021-CIP, Class A (1 month LIBOR + 0.921%) (A)(C) | 1.796 | 12-15-38 | 401,000 | 390,200 | |
Series 2021-VOLT, Class C (1 month LIBOR + 1.100%) (A)(C) | 1.975 | 09-15-36 | 117,000 | 109,491 | |
Series 2022-AHP, Class A (1 month CME Term SOFR + 0.990%) (A)(C) | 1.772 | 01-17-39 | 311,000 | 302,099 | |
BX Trust | |||||
Series 2021-MFM1, Class D (1 month LIBOR + 1.500%) (A)(C) | 2.375 | 01-15-34 | 20,000 | 18,974 | |
BXHPP Trust | |||||
Series 2021-FILM, Class C (1 month LIBOR + 1.100%) (A)(C) | 1.975 | 08-15-36 | 355,000 | 332,303 | |
CAMB Commercial Mortgage Trust | |||||
Series 2019-LIFE, Class D (1 month LIBOR + 1.750%) (A)(C) | 2.625 | 12-15-37 | 115,000 | 111,683 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 27 |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
Cantor Commercial Real Estate Lending | |||||
Series 2019-CF1, Class A2 | 3.623 | 05-15-52 | 176,000 | $174,930 | |
Citigroup Commercial Mortgage Trust | |||||
Series 2019-PRM, Class A (A) | 3.341 | 05-10-36 | 315,000 | 314,440 | |
Series 2019-SMRT, Class A (A) | 4.149 | 01-10-36 | 150,000 | 150,406 | |
Series 2020-GC46, Class A2 | 2.708 | 02-15-53 | 185,000 | 179,873 | |
COLT Mortgage Loan Trust | |||||
Series 2020-2, Class A1 (A)(B) | 1.853 | 03-25-65 | 12,712 | 12,565 | |
Series 2021-2, Class A1 (A)(B) | 0.924 | 08-25-66 | 153,496 | 136,078 | |
Series 2021-3, Class A1 (A)(B) | 0.956 | 09-27-66 | 200,704 | 177,532 | |
Series 2021-HX1, Class A1 (A)(B) | 1.110 | 10-25-66 | 171,503 | 158,141 | |
COLT Trust | |||||
Series 2020-RPL1, Class A1 (A)(B) | 1.390 | 01-25-65 | 155,390 | 142,418 | |
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) | |||||
Series 2020-CX, Class D (A)(B) | 2.683 | 11-10-46 | 100,000 | 80,411 | |
Credit Suisse Mortgage Capital Certificates | |||||
Series 2019-ICE4, Class D (1 month LIBOR + 1.600%) (A)(C) | 2.475 | 05-15-36 | 225,000 | 219,920 | |
Series 2020-NET, Class A (A) | 2.257 | 08-15-37 | 146,825 | 136,711 | |
Series 2021-NQM2, Class A1 (A)(B) | 1.179 | 02-25-66 | 104,279 | 99,576 | |
Series 2021-NQM5, Class A1 (A)(B) | 0.938 | 05-25-66 | 81,606 | 71,436 | |
Series 2021-NQM6, Class A1 (A)(B) | 1.174 | 07-25-66 | 121,153 | 110,653 | |
Series 2021-RPL2, Class A1A (A)(B) | 1.115 | 01-25-60 | 353,065 | 315,489 | |
DBJPM Mortgage Trust | |||||
Series 2020-C9, Class A2 | 1.900 | 08-15-53 | 260,000 | 243,663 | |
Deephaven Residential Mortgage Trust | |||||
Series 2021-2, Class A1 (A)(B) | 0.899 | 04-25-66 | 134,446 | 122,197 | |
Ellington Financial Mortgage Trust | |||||
Series 2019-2, Class A1 (A)(B) | 2.739 | 11-25-59 | 48,682 | 47,622 | |
Series 2021-1, Class A1 (A)(B) | 0.797 | 02-25-66 | 42,886 | 39,290 | |
FirstKey Homes Trust | |||||
Series 2021-SFR2, Class A (A) | 1.376 | 09-17-38 | 112,495 | 100,577 | |
Flagstar Mortgage Trust | |||||
Series 2021-1, Class A2 (A)(B) | 2.500 | 02-01-51 | 110,644 | 96,982 | |
GCAT Trust | |||||
Series 2021-NQM2, Class A1 (A)(B) | 1.036 | 05-25-66 | 72,589 | 66,684 | |
Series 2021-NQM3, Class A1 (A)(B) | 1.091 | 05-25-66 | 120,054 | 110,542 | |
GS Mortgage Securities Trust | |||||
Series 2015-590M, Class C (A)(B) | 3.805 | 10-10-35 | 115,000 | 109,533 | |
Series 2019-GC39, Class A2 | 3.457 | 05-10-52 | 220,000 | 218,878 | |
Series 2020-UPTN, Class A (A) | 2.751 | 02-10-37 | 120,000 | 114,515 | |
GS Mortgage-Backed Securities Trust | |||||
Series 2021-NQM1, Class A1 (A)(B) | 1.017 | 07-25-61 | 73,827 | 70,163 | |
Imperial Fund Mortgage Trust | |||||
Series 2021-NQM1, Class A1 (A)(B) | 1.071 | 06-25-56 | 67,532 | 62,470 | |
Irvine Core Office Trust | |||||
Series 2013-IRV, Class A2 (A)(B) | 3.173 | 05-15-48 | 233,000 | 231,998 | |
JPMorgan Chase Commercial Mortgage Securities Trust | |||||
Series 2022-OPO, Class A (A) | 3.024 | 01-05-39 | 130,000 | 121,194 | |
KNDL Mortgage Trust | |||||
Series 2019-KNSQ, Class C (1 month LIBOR + 1.050%) (A)(C) | 1.925 | 05-15-36 | 200,000 | 193,978 | |
Life Mortgage Trust | |||||
Series 2021-BMR, Class A (1 month LIBOR + 0.700%) (A)(C) | 1.575 | 03-15-38 | 216,253 | 207,048 | |
Series 2021-BMR, Class D (1 month LIBOR + 1.400%) (A)(C) | 2.275 | 03-15-38 | 133,684 | 125,397 | |
Series 2022-BMR2, Class A1 (1 month CME Term SOFR + 1.295%) (A)(C) | 2.095 | 05-15-39 | 450,000 | 440,994 | |
MFA Trust | |||||
Series 2021-INV1, Class A1 (A)(B) | 0.852 | 01-25-56 | 128,606 | 121,639 | |
Series 2021-NQM1, Class A1 (A)(B) | 1.153 | 04-25-65 | 46,661 | 44,533 | |
MHP Trust | |||||
Series 2022-MHIL, Class A (1 month CME Term SOFR + 0.815%) (A)(C) | 1.596 | 01-15-27 | 175,000 | 167,994 | |
Morgan Stanley Capital I Trust | |||||
Series 2017-CLS, Class D (1 month LIBOR + 1.400%) (A)(C) | 2.275 | 11-15-34 | 215,000 | 212,709 | |
New Residential Mortgage Loan Trust | |||||
Series 2020-1A, Class A1B (A)(B) | 3.500 | 10-25-59 | 119,748 | 116,150 |
28 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
NMLT Trust | |||||
Series 2021-INV1, Class A1 (A)(B) | 1.185 | 05-25-56 | 166,084 | $150,480 | |
One Market Plaza Trust | |||||
Series 2017-1MKT, Class D (A) | 4.146 | 02-10-32 | 200,000 | 190,729 | |
SLG Office Trust | |||||
Series 2021-OVA, Class C (A) | 2.851 | 07-15-41 | 200,000 | 166,857 | |
SMRT | |||||
Series 2022-MINI, Class A (1 month CME Term SOFR + 1.000%) (A)(C) | 1.782 | 01-15-39 | 379,000 | 365,724 | |
Starwood Mortgage Residential Trust | |||||
Series 2021-2, Class A1 (A)(B) | 0.943 | 05-25-65 | 70,304 | 66,403 | |
Series 2022-1, Class A1 (A)(B) | 2.447 | 12-25-66 | 181,599 | 170,710 | |
Towd Point Mortgage Trust | |||||
Series 2015-1, Class A5 (A)(B) | 3.183 | 10-25-53 | 100,000 | 98,615 | |
Series 2015-6, Class M2 (A)(B) | 3.750 | 04-25-55 | 100,000 | 96,402 | |
Series 2017-2, Class A1 (A)(B) | 2.750 | 04-25-57 | 11,060 | 11,023 | |
Series 2018-1, Class A1 (A)(B) | 3.000 | 01-25-58 | 26,786 | 26,506 | |
Series 2018-6, Class A1A (A)(B) | 3.750 | 03-25-58 | 56,030 | 55,971 | |
Series 2019-1, Class A1 (A)(B) | 3.659 | 03-25-58 | 72,615 | 71,665 | |
Verus Securitization Trust | |||||
Series 2021-1, Class A1 (A)(B) | 0.815 | 01-25-66 | 47,766 | 45,522 | |
Series 2021-3, Class A1 (A)(B) | 1.046 | 06-25-66 | 232,447 | 215,510 | |
Series 2021-4, Class A1 (A)(B) | 0.938 | 07-25-66 | 314,405 | 277,586 | |
Series 2021-R1, Class A1 (A)(B) | 0.820 | 10-25-63 | 70,100 | 68,552 | |
Series 2021-R2, Class A1 (A)(B) | 0.918 | 02-25-64 | 104,309 | 101,714 | |
Visio Trust | |||||
Series 2020-1R, Class A1 (A) | 1.312 | 11-25-55 | 95,785 | 93,233 | |
Wells Fargo Commercial Mortgage Trust | |||||
Series 2020-C55, Class A2 | 2.766 | 02-15-53 | 220,000 | 215,000 | |
U.S. Government Agency 7.1% | 2,634,808 | ||||
Federal Home Loan Mortgage Corp. | |||||
Series 2021-DNA6, Class M1 (1 month SOFR + 0.800%) (A)(C) | 1.384 | 10-25-41 | 180,000 | 175,951 | |
Series 2021-DNA7, Class M1 (1 month SOFR + 0.850%) (A)(C) | 1.434 | 11-25-41 | 176,000 | 171,226 | |
Series 2022-DNA1, Class M1A (1 month SOFR + 1.000%) (A)(C) | 1.584 | 01-25-42 | 215,000 | 210,129 | |
Series 2022-DNA3, Class M1A (1 month SOFR + 2.000%) (A)(C) | 2.584 | 04-25-42 | 180,000 | 179,386 | |
Series 2022-DNA4, Class M1A (1 month SOFR + 2.200%) (A)(C) | 2.551 | 05-25-42 | 180,000 | 179,438 | |
Series 2022-DNA4, Class M1B (1 month SOFR + 3.350%) (A)(C) | 3.701 | 05-25-42 | 194,000 | 192,178 | |
Series K048, Class X1 IO | 0.226 | 06-25-25 | 10,121,534 | 64,239 | |
Federal National Mortgage Association | |||||
Series 2022-R03, Class 1M1 (1 month SOFR + 2.100%) (A)(C) | 2.684 | 03-25-42 | 277,375 | 276,687 | |
Series 2022-R04, Class 1M1 (1 month SOFR + 2.000%) (A)(C) | 2.584 | 03-25-42 | 84,961 | 84,269 | |
Government National Mortgage Association | |||||
Series 2020-108, Class IO | 0.842 | 06-16-62 | 2,586,760 | 171,041 | |
Series 2020-114, Class IO | 0.798 | 09-16-62 | 880,983 | 59,867 | |
Series 2020-118, Class IO | 0.900 | 06-16-62 | 765,593 | 53,850 | |
Series 2020-120, Class IO | 0.769 | 05-16-62 | 1,035,846 | 69,300 | |
Series 2020-137, Class IO | 0.793 | 09-16-62 | 4,113,723 | 265,477 | |
Series 2020-150, Class IO | 0.952 | 12-16-62 | 1,180,828 | 90,584 | |
Series 2020-170, Class IO | 0.821 | 11-16-62 | 528,118 | 37,309 | |
Series 2020-92, Class IO | 0.876 | 02-16-62 | 821,235 | 58,600 | |
Series 2021-10, Class IO | 0.986 | 05-16-63 | 453,171 | 36,304 | |
Series 2021-11, Class IO | 1.020 | 12-16-62 | 676,710 | 53,627 | |
Series 2022-57, Class IO | 0.756 | 09-16-63 | 2,992,475 | 205,346 | |
Asset backed securities 61.1% | $22,877,585 | ||||
(Cost $24,428,071) | |||||
Asset backed securities 61.1% | 22,877,585 | ||||
AGL CLO 5, Ltd. | |||||
Series 2020-5A, Class A1R (3 month LIBOR + 1.160%) (A)(C) | 2.223 | 07-20-34 | 250,000 | 242,147 | |
Aimco CLO 12, Ltd. | |||||
Series 2020-12A, Class AR (3 month CME Term SOFR + 1.170%) (A)(C) | 2.021 | 01-17-32 | 304,000 | 295,501 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 29 |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
Aligned Data Centers Issuer LLC | |||||
Series 2021-1A, Class A2 (A) | 1.937 | 08-15-46 | 515,000 | $465,057 | |
AmeriCredit Automobile Receivables Trust | |||||
Series 2020-1, Class C | 1.590 | 10-20-25 | 72,000 | 70,645 | |
AMSR Trust | |||||
Series 2019-SFR1, Class A (A) | 2.774 | 01-19-39 | 250,000 | 239,303 | |
Series 2020-SFR1, Class A (A) | 1.819 | 04-17-37 | 99,904 | 94,767 | |
Series 2020-SFR2, Class A (A) | 1.632 | 07-17-37 | 450,000 | 421,083 | |
Series 2020-SFR4, Class A (A) | 1.355 | 11-17-37 | 215,000 | 198,734 | |
Apex Credit CLO, Ltd. | |||||
Series 2020-1A, Class A1R (3 month CME Term SOFR + 1.230%) (A)(C) | 2.081 | 10-20-31 | 326,000 | 312,929 | |
Applebee’s Funding LLC | |||||
Series 2019-1A, Class A2I (A) | 4.194 | 06-05-49 | 296,010 | 290,565 | |
Aqua Finance Trust | |||||
Series 2021-A, Class A (A) | 1.540 | 07-17-46 | 97,029 | 91,280 | |
Arby’s Funding LLC | |||||
Series 2020-1A, Class A2 (A) | 3.237 | 07-30-50 | 265,275 | 243,515 | |
Avis Budget Rental Car Funding AESOP LLC | |||||
Series 2019-3A, Class A (A) | 2.360 | 03-20-26 | 243,000 | 232,891 | |
Series 2020-1A, Class A (A) | 2.330 | 08-20-26 | 200,000 | 191,548 | |
Beacon Container Finance II LLC | |||||
Series 2021-1A, Class A (A) | 2.250 | 10-22-46 | 229,767 | 206,490 | |
Benefit Street Partners CLO XXIII, Ltd. | |||||
Series 2021-23A, Class A1 (3 month LIBOR + 1.080%) (A)(C) | 2.264 | 04-25-34 | 250,000 | 240,823 | |
Bojangles Issuer LLC | |||||
Series 2020-1A, Class A2 (A) | 3.832 | 10-20-50 | 68,827 | 65,809 | |
BRE Grand Islander Timeshare Issuer LLC | |||||
Series 2019-A, Class A (A) | 3.280 | 09-26-33 | 90,965 | 88,304 | |
Carlyle U.S. CLO, Ltd. | |||||
Series 2019-2A, Class A1R (3 month LIBOR + 1.120%) (A)(C) | 2.164 | 07-15-32 | 250,000 | 244,059 | |
Series 2020-2A, Class A1R (3 month LIBOR + 1.140%) (A)(C) | 2.324 | 01-25-35 | 250,000 | 242,007 | |
CARS-DB4 LP | |||||
Series 2020-1A, Class A1 (A) | 2.690 | 02-15-50 | 291,172 | 278,544 | |
Series 2020-1A, Class B1 (A) | 4.170 | 02-15-50 | 100,000 | 95,459 | |
CF Hippolyta LLC | |||||
Series 2020-1, Class A1 (A) | 1.690 | 07-15-60 | 211,716 | 194,201 | |
Series 2021-1A, Class A1 (A) | 1.530 | 03-15-61 | 319,251 | 287,732 | |
Chase Auto Credit Linked Notes | |||||
Series 2021-3, Class B (A) | 0.760 | 02-26-29 | 172,161 | 166,127 | |
CIFC Funding, Ltd. | |||||
Series 2020-2A, Class AR (3 month LIBOR + 1.170%) (A)(C) | 2.233 | 10-20-34 | 250,000 | 243,469 | |
CLI Funding VI LLC | |||||
Series 2020-1A, Class A (A) | 2.080 | 09-18-45 | 329,600 | 298,133 | |
CLI Funding VIII LLC | |||||
Series 2021-1A, Class A (A) | 1.640 | 02-18-46 | 112,903 | 101,122 | |
Series 2022-1A, Class A1 (A) | 2.720 | 01-18-47 | 149,647 | 134,646 | |
DataBank Issuer | |||||
Series 2021-1A, Class A2 (A) | 2.060 | 02-27-51 | 190,000 | 172,393 | |
Series 2021-2A, Class A2 (A) | 2.400 | 10-25-51 | 396,000 | 358,587 | |
DB Master Finance LLC | |||||
Series 2017-1A, Class A2II (A) | 4.030 | 11-20-47 | 196,288 | 192,231 | |
Series 2021-1A, Class A2I (A) | 2.045 | 11-20-51 | 365,165 | 327,588 | |
Diamond Infrastructure Funding LLC | |||||
Series 2021-1A, Class A (A) | 1.760 | 04-15-49 | 239,000 | 213,276 | |
Domino’s Pizza Master Issuer LLC | |||||
Series 2017-1A, Class A23 (A) | 4.118 | 07-25-47 | 369,595 | 360,062 | |
Series 2021-1A, Class A2I (A) | 2.662 | 04-25-51 | 391,050 | 348,787 | |
Driven Brands Funding LLC | |||||
Series 2018-1A, Class A2 (A) | 4.739 | 04-20-48 | 48,960 | 48,434 | |
Series 2020-2A, Class A2 (A) | 3.237 | 01-20-51 | 128,375 | 114,907 | |
Series 2021-1A, Class A2 (A) | 2.791 | 10-20-51 | 183,080 | 158,639 | |
Eaton Vance CLO, Ltd. | |||||
Series 2020-2A, Class AR (3 month LIBOR + 1.150%) (A)(C) | 2.194 | 01-15-35 | 139,000 | 135,002 | |
Series 2020-2A, Class BR (3 month LIBOR + 1.700%) (A)(C) | 2.744 | 01-15-35 | 250,000 | 240,140 |
30 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
Elara HGV Timeshare Issuer LLC | |||||
Series 2019-A, Class A (A) | 2.610 | 01-25-34 | 40,570 | $39,032 | |
Exeter Automobile Receivables Trust | |||||
Series 2021-1A, Class C | 0.740 | 01-15-26 | 195,000 | 191,175 | |
FirstKey Homes Trust | |||||
Series 2020-SFR1, Class A (A) | 1.339 | 08-17-37 | 125,226 | 116,147 | |
Series 2020-SFR2, Class A (A) | 1.266 | 10-19-37 | 447,133 | 411,346 | |
Series 2021-SFR1, Class A (A) | 1.538 | 08-17-38 | 302,817 | 274,318 | |
Series 2021-SFR1, Class C (A) | 1.888 | 08-17-38 | 213,000 | 190,152 | |
Five Guys Funding LLC | |||||
Series 2017-1A, Class A2 (A) | 4.600 | 07-25-47 | 177,658 | 174,612 | |
Golub Capital Partners Funding, Ltd. | |||||
Series 2020-1A, Class A2 (A) | 3.208 | 01-22-29 | 150,000 | 143,903 | |
Series 2021-1A, Class A2 (A) | 2.773 | 04-20-29 | 191,000 | 181,602 | |
HalseyPoint CLO II, Ltd. | |||||
Series 2020-2A, Class B (3 month LIBOR + 1.640%) (A)(C) | 2.703 | 07-20-31 | 286,000 | 278,015 | |
HI-FI Music IP Issuer LP | |||||
Series 2022-1A, Class A2 (A) | 3.939 | 02-01-62 | 153,000 | 149,841 | |
Hilton Grand Vacations Trust | |||||
Series 2018-AA, Class A (A) | 3.540 | 02-25-32 | 112,163 | 111,002 | |
Home Partners of America Trust | |||||
Series 2019-1, Class A (A) | 2.908 | 09-17-39 | 82,025 | 76,606 | |
Series 2021-1, Class A (A) | 1.698 | 09-17-41 | 383,639 | 334,213 | |
Series 2021-2, Class A (A) | 1.901 | 12-17-26 | 187,299 | 170,248 | |
Hotwire Funding LLC | |||||
Series 2021-1, Class A2 (A) | 2.311 | 11-20-51 | 92,000 | 82,574 | |
Jack in the Box Funding LLC | |||||
Series 2022-1A, Class A2I (A) | 3.445 | 02-26-52 | 205,965 | 192,049 | |
Laurel Road Prime Student Loan Trust | |||||
Series 2019-A, Class A2FX (A) | 2.730 | 10-25-48 | 26,140 | 25,999 | |
Madison Park Funding XXIII, Ltd. | |||||
Series 2017-23A, Class AR (3 month LIBOR + 0.970%) (A)(C) | 2.195 | 07-27-31 | 250,000 | 246,876 | |
Marathon CLO X, Ltd. | |||||
Series 2017-10A, Class A1AR (3 month LIBOR + 1.000%) (A)(C) | 2.411 | 11-15-29 | 228,831 | 225,946 | |
Monroe Capital Funding, Ltd. | |||||
Series 2021-1A, Class A2 (A) | 2.815 | 04-22-31 | 152,000 | 141,990 | |
MVW Owner Trust | |||||
Series 2018-1A, Class A (A) | 3.450 | 01-21-36 | 64,910 | 64,225 | |
Navient Private Education Refi Loan Trust | |||||
Series 2019-FA, Class A2 (A) | 2.600 | 08-15-68 | 96,425 | 93,800 | |
Series 2020-BA, Class A2 (A) | 2.120 | 01-15-69 | 61,487 | 59,825 | |
Series 2020-GA, Class A (A) | 1.170 | 09-16-69 | 60,362 | 57,551 | |
Series 2020-HA, Class A (A) | 1.310 | 01-15-69 | 147,918 | 142,113 | |
Series 2021-A, Class A (A) | 0.840 | 05-15-69 | 133,843 | 123,845 | |
Navient Student Loan Trust | |||||
Series 2020-2A, Class A1A (A) | 1.320 | 08-26-69 | 82,756 | 74,054 | |
Neighborly Issuer LLC | |||||
Series 2021-1A, Class A2 (A) | 3.584 | 04-30-51 | 238,590 | 209,777 | |
Series 2022-1A, Class A2 (A) | 3.695 | 01-30-52 | 119,700 | 106,688 | |
Neuberger Berman CLO XX, Ltd. | |||||
Series 2015-20A, Class ARR (3 month LIBOR + 1.160%) (A)(C) | 2.204 | 07-15-34 | 250,000 | 242,974 | |
Neuberger Berman Loan Advisers CLO 34, Ltd. | |||||
Series 2019-34A, Class A1R (3 month CME Term SOFR + 1.240%) (A)(C) | 2.091 | 01-20-35 | 250,000 | 243,723 | |
Series 2019-34A, Class BR (3 month CME Term SOFR + 1.750%) (A)(C) | 2.601 | 01-20-35 | 250,000 | 238,923 | |
New Economy Assets Phase 1 Sponsor LLC | |||||
Series 2021-1, Class A1 (A) | 1.910 | 10-20-61 | 317,000 | 282,677 | |
Series 2021-1, Class B1 (A) | 2.410 | 10-20-61 | 100,000 | 88,055 | |
NYACK Park CLO, Ltd. | |||||
Series 2021-1A, Class A (3 month LIBOR + 1.120%) (A)(C) | 2.183 | 10-20-34 | 250,000 | 243,540 | |
Oaktree CLO, Ltd. | |||||
Series 2021-1A, Class A1 (3 month LIBOR + 1.160%) (A)(C) | 2.204 | 07-15-34 | 250,000 | 241,875 | |
Ocean Trails CLO X | |||||
Series 2020-10A, Class AR (3 month LIBOR + 1.220%) (A)(C) | 2.264 | 10-15-34 | 250,000 | 240,290 |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 31 |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
OCP CLO, Ltd. | |||||
Series 2020-19A, Class AR (3 month LIBOR + 1.150%) (A)(C) | 2.213 | 10-20-34 | 250,000 | $242,033 | |
Octagon Investment Partners, Ltd. | |||||
Series 2020-3A, Class AR (3 month LIBOR + 1.150%) (A)(C) | 2.213 | 10-20-34 | 250,000 | 242,092 | |
Oxford Finance Funding LLC | |||||
Series 2019-1A, Class A2 (A) | 4.459 | 02-15-27 | 108,002 | 107,748 | |
Series 2020-1A, Class A2 (A) | 3.101 | 02-15-28 | 51,041 | 50,747 | |
Progress Residential Trust | |||||
Series 2021-SFR2, Class A (A) | 1.546 | 04-19-38 | 509,000 | 463,463 | |
Series 2021-SFR5, Class A (A) | 1.427 | 07-17-38 | 200,000 | 180,004 | |
Santander Revolving Auto Loan Trust | |||||
Series 2019-A, Class A (A) | 2.510 | 01-26-32 | 475,000 | 459,643 | |
SCF Equipment Leasing LLC | |||||
Series 2019-2A, Class C (A) | 3.110 | 06-21-27 | 130,000 | 124,161 | |
Series 2021-1A, Class B (A) | 1.370 | 08-20-29 | 200,000 | 185,376 | |
ServiceMaster Funding LLC | |||||
Series 2020-1, Class A2II (A) | 3.337 | 01-30-51 | 92,825 | 80,563 | |
SERVPRO Master Issuer LLC | |||||
Series 2021-1A, Class A2 (A) | 2.394 | 04-25-51 | 111,870 | 97,063 | |
Sesac Finance LLC | |||||
Series 2019-1, Class A2 (A) | 5.216 | 07-25-49 | 200,335 | 194,640 | |
Sierra Timeshare Receivables Funding LLC | |||||
Series 2018-3A, Class A (A) | 3.690 | 09-20-35 | 22,769 | 22,769 | |
Series 2021-1A, Class A (A) | 0.990 | 11-20-37 | 72,823 | 68,504 | |
SMB Private Education Loan Trust | |||||
Series 2019-B, Class A2A (A) | 2.840 | 06-15-37 | 88,970 | 86,933 | |
Series 2020-PTA, Class A2A (A) | 1.600 | 09-15-54 | 149,204 | 137,533 | |
Series 2021-A, Class APT2 (A) | 1.070 | 01-15-53 | 71,362 | 64,244 | |
Sonic Capital LLC | |||||
Series 2020-1A, Class A2I (A) | 3.845 | 01-20-50 | 168,990 | 160,938 | |
Series 2021-1A, Class A2I (A) | 2.190 | 08-20-51 | 284,093 | 237,828 | |
Sound Point CLO XXVII, Ltd. | |||||
Series 2020-2A, Class AR (3 month LIBOR + 1.180%) (A)(C) | 2.364 | 10-25-34 | 250,000 | 241,977 | |
Starwood Property Mortgage Trust | |||||
Series 2021-SIF2A, Class A1 (3 month CME Term SOFR + 1.550%) (A)(C) | 1.609 | 01-15-33 | 250,000 | 245,027 | |
Taco Bell Funding LLC | |||||
Series 2021-1A, Class A2I (A) | 1.946 | 08-25-51 | 285,565 | 254,007 | |
TIF Funding II LLC | |||||
Series 2020-1A, Class A (A) | 2.090 | 08-20-45 | 346,000 | 315,100 | |
Series 2021-1A, Class A (A) | 1.650 | 02-20-46 | 179,333 | 155,453 | |
Toyota Auto Loan Extended Note Trust | |||||
Series 2019-1A, Class A (A) | 2.560 | 11-25-31 | 300,000 | 294,340 | |
Tricon American Homes Trust | |||||
Series 2020-SFR1, Class A (A) | 1.499 | 07-17-38 | 372,240 | 336,688 | |
Series 2020-SFR2, Class A (A) | 1.482 | 11-17-39 | 344,176 | 297,488 | |
Triton Container Finance VIII LLC | |||||
Series 2020-1A, Class A (A) | 2.110 | 09-20-45 | 300,417 | 271,703 | |
Series 2021-1A, Class A (A) | 1.860 | 03-20-46 | 99,092 | 86,986 | |
Vantage Data Centers Issuer LLC | |||||
Series 2019-1A, Class A2 (A) | 3.188 | 07-15-44 | 176,995 | 172,439 | |
Vantage Data Centers LLC | |||||
Series 2020-1A, Class A2 (A) | 1.645 | 09-15-45 | 310,000 | 282,588 | |
Series 2020-2A, Class A2 (A) | 1.992 | 09-15-45 | 230,000 | 203,019 | |
VCP RRL ABS I, Ltd. | |||||
Series 2021-1A, Class A (A) | 2.152 | 10-20-31 | 84,465 | 83,907 | |
VR Funding LLC | |||||
Series 2020-1A, Class A (A) | 2.790 | 11-15-50 | 124,708 | 114,490 | |
VSE VOI Mortgage LLC | |||||
Series 2017-A, Class A (A) | 2.330 | 03-20-35 | 95,694 | 93,197 | |
Wendy’s Funding LLC | |||||
Series 2021-1A, Class A2I (A) | 2.370 | 06-15-51 | 304,698 | 264,993 | |
Wingstop Funding LLC | |||||
Series 2020-1A, Class A2 (A) | 2.841 | 12-05-50 | 329,345 | 290,785 |
32 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
Zaxby’s Funding LLC | |||||
Series 2021-1A, Class A2 (A) | 3.238 | 07-30-51 | 238,200 | $208,599 |
Total investments (Cost $39,128,595) 98.4% | $36,822,017 | ||||
Other assets and liabilities, net 1.6% | 604,222 | ||||
Total net assets 100.0% | $37,426,239 |
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 | |
CME | Chicago Mercantile 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 |
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 $34,186,749 or 91.3% of the portfolio’s net assets as of 5-31-22. |
(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. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 33 |
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 | $36,678,428 | $37,751,500 | $36,822,017 |
Cash | 300,887 | 727,060 | 576,364 |
Dividends and interest receivable | 405,351 | 548,034 | 81,713 |
Receivable for fund shares sold | 42,110 | 66,065 | 38,999 |
Receivable for investments sold | 1,007 | 209,000 | — |
Receivable from affiliates | 3,499 | 3,716 | 3,544 |
Other assets | 15,899 | 15,779 | 15,728 |
Total assets | 37,447,181 | 39,321,154 | 37,538,365 |
Liabilities | |||
Distributions payable | 136,968 | 200,367 | 76,484 |
Payable for investments purchased | — | 419,730 | — |
Payable for fund shares repurchased | — | — | 1,309 |
Payable to affiliates | |||
Accounting and legal services fees | 1,607 | 1,694 | 1,619 |
Trustees’ fees | 7 | 6 | 7 |
Other liabilities and accrued expenses | 32,881 | 32,549 | 32,707 |
Total liabilities | 171,463 | 654,346 | 112,126 |
Net assets | $37,275,718 | $38,666,808 | $37,426,239 |
Net assets consist of | |||
Paid-in capital | $42,382,295 | $43,136,113 | $40,279,655 |
Total distributable earnings (loss) | (5,106,577) | (4,469,305) | (2,853,416) |
Net assets | $37,275,718 | $38,666,808 | $37,426,239 |
Unaffiliated investments, at cost | $40,941,060 | $41,158,700 | $39,128,595 |
Total investments, at cost | 40,941,060 | 41,158,700 | 39,128,595 |
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 | $37,275,718 | $38,666,808 | $37,426,239 |
Shares outstanding | 4,157,217 | 4,410,540 | 4,012,360 |
Net asset value per share | $8.97 | $8.77 | $9.33 |
34 | 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 | |
Investment income | |||
Interest | $959,144 | $1,563,254 | $768,508 |
Dividends from unaffiliated investments | 472 | 17,679 | — |
Less foreign taxes withheld | (88) | (1,795) | — |
Total investment income | 959,528 | 1,579,138 | 768,508 |
Expenses | |||
Investment management fees | 208,126 | 209,137 | 202,471 |
Accounting and legal services fees | 4,479 | 4,562 | 4,446 |
Trustees’ fees | 454 | 444 | 435 |
Custodian fees | 3,396 | 2,766 | 3,153 |
State registration fees | 33,227 | 32,725 | 33,240 |
Printing and postage | 8,196 | 11,644 | 11,439 |
Professional fees | 32,136 | 33,297 | 31,097 |
Other | 11,965 | 11,889 | 11,879 |
Total expenses | 301,979 | 306,464 | 298,160 |
Less expense reductions | (301,941) | (306,464) | (298,160) |
Net expenses | 38 | — | — |
Net investment income | 959,490 | 1,579,138 | 768,508 |
Realized and unrealized gain (loss) | |||
Net realized gain (loss) on | |||
Unaffiliated investments | (360,608) | (419,309) | (542,571) |
Change in net unrealized appreciation (depreciation) of | |||
Unaffiliated investments | (4,458,093) | (3,790,764) | (2,418,106) |
Net realized and unrealized loss | (4,818,701) | (4,210,073) | (2,960,677) |
Decrease in net assets from operations | $(3,859,211) | $(2,630,935) | $(2,192,169) |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 35 |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | Managed Account Shares Securitized Debt Portfolio | ||||
Year ended 5-31-22 | Year ended 5-31-21 | Year ended 5-31-22 | Year ended 5-31-21 | Year ended 5-31-22 | Year ended 5-31-21 | |
Increase (decrease) in net assets | ||||||
From operations | ||||||
Net investment income | $959,490 | $449,917 | $1,579,138 | $634,119 | $768,508 | $350,065 |
Net realized gain (loss) | (360,608) | 178,218 | (419,309) | (61,842) | (542,571) | 65,834 |
Change in net unrealized appreciation (depreciation) | (4,458,093) | 116,449 | (3,790,764) | 863,545 | (2,418,106) | 137,897 |
Increase (decrease) in net assets resulting from operations | (3,859,211) | 744,584 | (2,630,935) | 1,435,822 | (2,192,169) | 553,796 |
Distributions to shareholders | ||||||
From net investment income and realized gain | (1,391,235) | (616,073) | (1,817,954) | (726,646) | (794,340) | (384,430) |
Total distributions | (1,391,235) | (616,073) | (1,817,954) | (726,646) | (794,340) | (384,430) |
From portfolio share transactions | 18,086,738 | 16,090,471 | 20,002,604 | 15,050,368 | 15,891,816 | 16,247,706 |
Total increase | 12,836,292 | 16,218,982 | 15,553,715 | 15,759,544 | 12,905,307 | 16,417,072 |
Net assets | ||||||
Beginning of year | 24,439,426 | 8,220,444 | 23,113,093 | 7,353,549 | 24,520,932 | 8,103,860 |
End of year | $37,275,718 | $24,439,426 | $38,666,808 | $23,113,093 | $37,426,239 | $24,520,932 |
36 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Period ended | 5-31-22 | 5-31-21 | 5-31-201 |
Per share operating performance | |||
Net asset value, beginning of period | $10.34 | $10.02 | $10.00 |
Net investment income2 | 0.29 | 0.28 | 0.30 |
Net realized and unrealized gain (loss) on investments | (1.24) | 0.43 | 0.07 |
Total from investment operations | (0.95) | 0.71 | 0.37 |
Less distributions | |||
From net investment income | (0.39) | (0.38) | (0.35) |
From net realized gain | (0.03) | (0.01) | — |
Total distributions | (0.42) | (0.39) | (0.35) |
Net asset value, end of period | $8.97 | $10.34 | $10.02 |
Total return (%)3 | (9.54) | 7.09 | 3.744 |
Ratios and supplemental data | |||
Net assets, end of period (in millions) | $37 | $24 | $8 |
Ratios (as a percentage of average net assets): | |||
Expenses before reductions | 0.91 | 1.17 | 1.875 |
Expenses including reductions | —6 | — | —5 |
Net investment income | 2.90 | 2.73 | 3.335 |
Portfolio turnover (%) | 40 | 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. |
6 | Less than 0.005%. |
Period ended | 5-31-22 | 5-31-21 | 5-31-201 |
Per share operating performance | |||
Net asset value, beginning of period | $9.85 | $9.10 | $10.00 |
Net investment income2 | 0.45 | 0.48 | 0.52 |
Net realized and unrealized gain (loss) on investments | (1.01) | 0.83 | (0.87) |
Total from investment operations | (0.56) | 1.31 | (0.35) |
Less distributions | |||
From net investment income | (0.52) | (0.56) | (0.55) |
Net asset value, end of period | $8.77 | $9.85 | $9.10 |
Total return (%)3 | (5.98) | 14.69 | (3.62)4 |
Ratios and supplemental data | |||
Net assets, end of period (in millions) | $39 | $23 | $7 |
Ratios (as a percentage of average net assets): | |||
Expenses before reductions | 0.92 | 1.32 | 1.935 |
Expenses including reductions | — | — | —5,6 |
Net investment income | 4.76 | 4.96 | 6.035 |
Portfolio turnover (%) | 35 | 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%. |
SEE NOTES TO FINANCIAL STATEMENTS | ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 37 |
Period ended | 5-31-22 | 5-31-21 | 5-31-201 |
Per share operating performance | |||
Net asset value, beginning of period | $10.17 | $9.96 | $10.00 |
Net investment income2 | 0.24 | 0.25 | 0.25 |
Net realized and unrealized gain (loss) on investments | (0.84) | 0.25 | (0.02) |
Total from investment operations | (0.60) | 0.50 | 0.23 |
Less distributions | |||
From net investment income | (0.23) | (0.27) | (0.27) |
From net realized gain | (0.01) | (0.02) | — |
Total distributions | (0.24) | (0.29) | (0.27) |
Net asset value, end of period | $9.33 | $10.17 | $9.96 |
Total return (%)3 | (5.98) | 5.02 | 2.374 |
Ratios and supplemental data | |||
Net assets, end of period (in millions) | $37 | $25 | $8 |
Ratios (as a percentage of average net assets): | |||
Expenses before reductions | 0.93 | 1.25 | 1.865 |
Expenses including reductions | — | — | —5 |
Net investment income | 2.39 | 2.48 | 2.805 |
Portfolio turnover (%) | 54 | 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. |
38 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Total value at 5-31-22 | 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 | $236,250 | — | $236,250 | — |
Corporate bonds | 36,063,253 | — | 36,063,253 | — |
Municipal bonds | 375,545 | — | 375,545 | — |
Preferred securities | 3,380 | $3,380 | — | — |
Total investments in securities | $36,678,428 | $3,380 | $36,675,048 | — |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 39 |
Total value at 5-31-22 | 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 | $217,678 | — | $217,678 | — |
Corporate bonds | 36,061,830 | — | 36,061,830 | — |
Term loans | 1,139,995 | — | 1,139,995 | — |
Asset backed securities | 34,218 | — | 34,218 | — |
Common stocks | 207,479 | $207,479 | — | — |
Preferred securities | 90,250 | 90,250 | — | — |
Escrow certificates | 50 | — | 50 | — |
Total investments in securities | $37,751,500 | $297,729 | $37,453,771 | — |
Managed Account Shares Securitized Debt Portfolio | ||||
Investments in securities: | ||||
Assets | ||||
Collateralized mortgage obligations | $13,944,432 | — | $13,944,432 | — |
Asset backed securities | 22,877,585 | — | 22,877,585 | — |
Total investments in securities | $36,822,017 | — | $36,822,017 | — |
40 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
Portfolio | Commitment fee |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | $3,490 |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | 3,490 |
Managed Account Shares Securitized Debt Portfolio | 3,488 |
No Expiration Date | ||
Portfolio | Short Term | Long Term |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | $635,377 | $139,158 |
Managed Account Shares Securitized Debt Portfolio | 238,591 | 366,440 |
Portfolio | Aggregate cost | Unrealized appreciation | Unrealized (depreciation) | Net unrealized appreciation/ (depreciation) |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | $41,242,303 | $8,128 | $(4,572,003) | $(4,563,875) |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | 41,378,325 | 35,363 | (3,662,188) | (3,626,825) |
Managed Account Shares Securitized Debt Portfolio | 39,177,516 | 11,174 | (2,366,673) | (2,355,499) |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 41 |
Portfolio | Ordinary Income | Long Term Capital Gains | Total |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | $1,296,783 | $94,452 | $1,391,235 |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | 1,817,954 | — | 1,817,954 |
Managed Account Shares Securitized Debt Portfolio | 774,008 | 20,332 | 794,340 |
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 | Undistributed Ordinary Income | Post-October Deferral | |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | $66,392 | $472,126 | |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | 132,422 | — | |
Managed Account Shares Securitized Debt Portfolio | 183,598 | — |
Portfolio | Expense Reductions | |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | $301,941 | |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | 306,464 | |
Managed Account Shares Securitized Debt Portfolio | 298,160 |
42 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
Year Ended 5-31-22 | Year Ended 5-31-21 | |||
Shares | Amount | Shares | Amount | |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | ||||
Sold | 2,977,309 | $29,757,868 | 2,195,888 | $22,853,511 |
Repurchased | (1,184,389) | (11,671,130) | (651,849) | (6,763,040) |
Net increase | 1,792,920 | $18,086,738 | 1,544,039 | $16,090,471 |
Total net increase | 1,792,920 | $18,086,738 | 1,544,039 | $16,090,471 |
Year Ended 5-31-22 | Year Ended 5-31-21 | |||
Shares | Amount | Shares | Amount | |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | ||||
Sold | 3,508,885 | $33,536,601 | 1,669,671 | $16,346,965 |
Repurchased | (1,444,308) | (13,533,997) | (132,096) | (1,296,597) |
Net increase | 2,064,577 | $20,002,604 | 1,537,575 | $15,050,368 |
Total net increase | 2,064,577 | $20,002,604 | 1,537,575 | $15,050,368 |
Year Ended 5-31-22 | Year Ended 5-31-21 | |||
Shares | Amount | Shares | Amount | |
Managed Account Shares Securitized Debt Portfolio | ||||
Sold | 3,004,097 | $29,700,124 | 1,779,818 | $18,114,127 |
Repurchased | (1,402,156) | (13,808,308) | (183,369) | (1,866,421) |
Net increase | 1,601,941 | $15,891,816 | 1,596,449 | $16,247,706 |
Total net increase | 1,601,941 | $15,891,816 | 1,596,449 | $16,247,706 |
Portfolio | Purchases | Sales |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | $31,065,195 | $13,047,515 |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | 31,439,110 | 11,504,077 |
Managed Account Shares Securitized Debt Portfolio | 32,681,357 | 17,026,260 |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 43 |
44 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 45 |
Portfolio | Long term capital gains |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | $94,452 |
Managed Account Shares Securitized Debt Portfolio | 20,332 |
46 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
• | The Fund’s investment strategy remained appropriate for an open-end fund structure; |
• | The Fund was able to meet requests for redemption without significant dilution of remaining shareholders’ interests in the Fund; |
• | 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, as a part of their annual Rule 38a-1 assessment of the Fund’s policies and procedures, reviewed the LRMP’s control environment and deemed it to be operating effectively and in compliance with the Board approved procedures. |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 47 |
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 | 189 |
Trustee and Chairperson of the Board | ||
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | ||
James R. Boyle, Born: 1959 | 2015 | 189 |
Trustee | ||
Foresters Financial, Chief Executive Officer (2018–2022) and board member (2017–2022). Manulife Financial and John Hancock, more than 20 years, retiring in 2012 as Chief Executive Officer, John Hancock and Senior Executive Vice President, Manulife Financial. Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | ||
Peter S. Burgess,2 Born: 1942 | 2012 | 189 |
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,2 Born: 1944 | 2005 | 189 |
Trustee | ||
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | ||
Grace K. Fey, Born: 1946 | 2012 | 189 |
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 | 189 |
Trustee | ||
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | ||
Steven R. Pruchansky, Born: 1944 | 2005 | 189 |
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 | 189 |
Trustee | ||
Director, Audit Committee Chair, Oatly Group AB (plant-based drink company) (since 2021); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director and Audit Committee Chair, Planet Fitness (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015). Trustee of various trusts within the John Hancock Fund Complex (since 2020). |
48 | JOHN HANCOCK MANAGED ACCOUNT SHARES | 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 |
Gregory A. Russo, Born: 1949 | 2009 | 189 |
Trustee | ||
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018), and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Global Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
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 | 189 |
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 | 189 |
Non-Independent Trustee | ||
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); 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). | |
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). |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 49 |
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. |
50 | JOHN HANCOCK MANAGED ACCOUNT SHARES | ANNUAL REPORT |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
James R. Boyle
Peter S. Burgess*
William H. Cunningham*
Grace K. Fey
Marianne Harrison†
Deborah C. Jackson
Frances G. Rathke*
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Howard C. Greene, CFA
Connor Minnaar, CFA1
Pranay Sonalkar
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 |
ANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 51 |
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
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200 Berkeley Street, Boston, MA 02116-5010, 800-247-0278, jhinvestments.com
MF2288661 | JHMASA5/22 |
ITEM 2. CODE OF ETHICS.
As of the end of the year, May 31, 2022, the registrant has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its Chief Executive Officer, Chief Financial Officer and Treasurer (respectively, the principal executive officer, the principal financial officer and the principal accounting officer, the "Covered Officers"). A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Frances G. Rathke is the audit committee financial expert, effective March 25, 2022, 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, 2022 and 2021. These fees were billed to the registrant and were approved by the registrant's audit committee.
Fund | May 31, 2022 |
| May 31, 2021 | |
John Hancock Income Fund | $74,286 | $ |
| 72,491 |
John Hancock Managed Account Shares Investment-Grade |
|
|
|
|
Corporate Bond Portfolio | 28,705 |
|
| 14,000 |
John Hancock Managed Account Shares Non-Investment- |
|
|
|
|
Grade Corporate Bond Portfolio | 28,705 |
|
| 14,000 |
John Hancock Managed Account Shares Securitized Debt |
|
|
|
|
Portfolio | 28,705 |
|
| 14,000 |
Total | $160,401 |
| $ | 114,491 |
(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, 2022 |
| May 31, 2021 |
John Hancock Income Fund | $776 | $ | 604 |
John Hancock Managed Account Shares Investment-Grade |
|
|
|
Corporate Bond Portfolio | 776 |
| 604 |
John Hancock Managed Account Shares Non-Investment- |
|
|
|
Grade Corporate Bond Portfolio | 776 |
| 604 |
John Hancock Managed Account Shares Securitized Debt |
|
|
|
Portfolio | 776 |
| 604 |
Total | $ 3,104 | $ | 2,416 |
Amounts billed to control affiliates were $119,500 and $116,000 for the fiscal years ended May 31, 2022 and 2021, 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, 2022 and 2021. 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, 2022 | May 31, 2021 | |
John Hancock Income Fund | $4,019 | $ | 3,940 |
John Hancock Managed Account Shares Investment-Grade |
|
|
|
Corporate Bond Portfolio | 4,186 |
| 1,000 |
John Hancock Managed Account Shares Non-Investment- |
|
|
|
Grade Corporate Bond Portfolio | 5,436 |
| 1,000 |
John Hancock Managed Account Shares Securitized Debt |
|
|
|
Portfolio | 2,936 |
| 1,000 |
Total | $16,577 | $ | 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,
2022 and 2021:
Fund | May 31, 2022 | May 31, 2021 | |
John Hancock Income Fund | $305 | $ | 89 |
John Hancock Managed Account Shares Investment-Grade |
|
|
|
Corporate Bond Portfolio | 305 |
| 89 |
John Hancock Managed Account Shares Non-Investment- |
|
|
|
Grade Corporate Bond Portfolio | 305 |
| 89 |
John Hancock Managed Account Shares Securitized Debt |
|
|
|
Portfolio | 305 |
| 89 |
Total | $1,220 | $ | 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, 2022, 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 $964,225 for the fiscal year ended May 31, 2022 and $1,149,548 for the fiscal year ended May 31, 2021.
(h)The audit committee of the registrant has considered the non-audit services provided by the registrant's principal accountant to the control affiliates and has determined that the services that were not pre-approved are compatible with maintaining the principal accountant's independence.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
The registrant has a separately-designated standing audit committee comprised of independent trustees. The members of the audit committee are as follows:
Frances G. Rathke – Chairperson, effective March 25, 2022
Peter S. Burgess
William H. Cunningham
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 14, 2022 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Andrew Arnott |
| ------------------------------- |
| Andrew Arnott |
| President |
Date: | July 14, 2022 |
By: | /s/ Charles A. Rizzo |
| -------------------------------- |
| Charles A. Rizzo |
| Chief Financial Officer |
Date: | July 14, 2022 |