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: | November 30, 2022 |
ITEM 1. REPORTS TO STOCKHOLDERS.
The Registrant prepared the following semiannual reports to shareholders for the period ended November 30, 2022:
John Hancock Income Fund
John Hancock Managed Account Shares:
•John Hancock Managed Account Shares Investment-Grade Corporate Bond Portfolio
•John Hancock Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio
•John Hancock Managed Account Shares Securitized Debt Portfolio
Manulife Investment Management
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
2 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 3 |
COUNTRY COMPOSITION AS OF 11/30/2022 (% of net assets) | |
United States | 62.5 |
Canada | 6.2 |
Indonesia | 3.0 |
United Kingdom | 2.4 |
Norway | 2.4 |
Mexico | 2.2 |
Australia | 1.7 |
Brazil | 1.7 |
Supranational | 1.6 |
New Zealand | 1.5 |
Other countries | 14.8 |
TOTAL | 100.0 |
4 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 5 |
Account value on 6-1-2022 | Ending value on 11-30-2022 | Expenses paid during period ended 11-30-20221 | Annualized expense ratio | ||
Class A | Actual expenses/actual returns | $1,000.00 | $968.80 | $4.05 | 0.82% |
Hypothetical example | 1,000.00 | 1,021.00 | 4.15 | 0.82% | |
Class C | Actual expenses/actual returns | 1,000.00 | 965.40 | 7.49 | 1.52% |
Hypothetical example | 1,000.00 | 1,017.40 | 7.69 | 1.52% | |
Class I | Actual expenses/actual returns | 1,000.00 | 970.20 | 2.57 | 0.52% |
Hypothetical example | 1,000.00 | 1,022.50 | 2.64 | 0.52% | |
Class R2 | Actual expenses/actual returns | 1,000.00 | 968.30 | 4.44 | 0.90% |
Hypothetical example | 1,000.00 | 1,020.60 | 4.56 | 0.90% | |
Class R4 | Actual expenses/actual returns | 1,000.00 | 969.60 | 3.26 | 0.66% |
Hypothetical example | 1,000.00 | 1,021.80 | 3.35 | 0.66% | |
Class R5 | Actual expenses/actual returns | 1,000.00 | 970.50 | 2.27 | 0.46% |
Hypothetical example | 1,000.00 | 1,022.80 | 2.33 | 0.46% | |
Class R6 | Actual expenses/actual returns | 1,000.00 | 970.80 | 2.03 | 0.41% |
Hypothetical example | 1,000.00 | 1,023.00 | 2.08 | 0.41% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period). |
6 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government and Agency obligations 14.3% | $265,084,621 | ||||
(Cost $281,055,615) | |||||
U.S. Government 10.8% | 200,060,544 | ||||
U.S. Treasury | |||||
Bond | 2.000 | 02-15-50 | 15,390,000 | 10,512,693 | |
Bond | 2.375 | 02-15-42 | 17,275,000 | 13,438,735 | |
Bond | 2.750 | 11-15-42 | 6,190,000 | 5,083,296 | |
Bond | 3.000 | 02-15-49 | 22,685,000 | 19,245,919 | |
Bond | 3.000 | 08-15-52 | 5,490,000 | 4,700,813 | |
Note | 0.500 | 02-28-26 | 1,535,000 | 1,370,527 | |
Note | 1.500 | 01-31-27 | 16,290,000 | 14,783,175 | |
Note | 1.875 | 02-15-32 | 59,568,000 | 51,293,610 | |
Note | 2.375 | 03-31-29 | 5,865,000 | 5,397,404 | |
Note | 2.625 | 05-31-27 | 4,895,000 | 4,645,852 | |
Note | 2.750 | 08-15-32 | 20,690,000 | 19,164,113 | |
Note | 2.875 | 05-15-32 | 53,795,000 | 50,424,407 | |
U.S. Government Agency 3.5% | 65,024,077 | ||||
Federal Home Loan Mortgage Corp. 30 Yr Pass Thru | 4.500 | 08-01-52 | 6,713,309 | 6,544,989 | |
Federal National Mortgage Association | |||||
30 Yr Pass Thru | 4.500 | 09-01-52 | 10,426,599 | 10,223,826 | |
30 Yr Pass Thru (A) | 5.000 | TBA | 20,440,000 | 20,350,565 | |
30 Yr Pass Thru (A) | 5.500 | TBA | 27,590,000 | 27,904,697 | |
Foreign government obligations 23.5% | $435,156,725 | ||||
(Cost $493,196,159) | |||||
Australia 1.6% | 30,177,608 | ||||
Commonwealth of Australia | 0.250 | 11-21-24 | AUD | 16,225,000 | 10,421,384 |
Commonwealth of Australia | 0.500 | 09-21-26 | AUD | 3,560,000 | 2,185,808 |
Commonwealth of Australia | 1.000 | 12-21-30 | AUD | 4,435,000 | 2,491,395 |
Commonwealth of Australia | 1.000 | 11-21-31 | AUD | 4,555,000 | 2,498,252 |
New South Wales Treasury Corp. | 1.250 | 03-20-25 | AUD | 3,440,000 | 2,222,959 |
New South Wales Treasury Corp. | 3.000 | 05-20-27 | AUD | 11,090,000 | 7,331,149 |
Queensland Treasury Corp. (B) | 2.750 | 08-20-27 | AUD | 4,645,000 | 3,026,661 |
Austria 0.1% | 1,447,591 | ||||
Republic of Austria (B) | 0.500 | 02-20-29 | EUR | 1,550,000 | 1,447,591 |
Brazil 0.8% | 13,912,534 | ||||
Federative Republic of Brazil | 10.000 | 01-01-23 | BRL | 15,845,000 | 3,161,125 |
Federative Republic of Brazil | 10.000 | 01-01-25 | BRL | 43,110,000 | 8,203,806 |
Federative Republic of Brazil | 10.000 | 01-01-27 | BRL | 13,815,000 | 2,547,603 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 7 |
Rate (%) | Maturity date | Par value^ | Value | ||
Canada 2.9% | $54,638,579 | ||||
Canada Housing Trust No. 1 (B) | 1.250 | 06-15-26 | CAD | 7,400,000 | 5,063,676 |
Canada Housing Trust No. 1 (B) | 1.950 | 12-15-25 | CAD | 2,565,000 | 1,806,474 |
CPPIB Capital, Inc. (B) | 2.250 | 12-01-31 | CAD | 3,210,000 | 2,109,749 |
Government of Canada | 2.250 | 03-01-24 | CAD | 12,840,000 | 9,337,123 |
Province of Alberta | 2.550 | 06-01-27 | CAD | 6,595,000 | 4,691,537 |
Province of Alberta | 3.400 | 12-01-23 | CAD | 9,000,000 | 6,629,216 |
Province of British Columbia | 2.850 | 06-18-25 | CAD | 3,408,000 | 2,469,194 |
Province of Ontario | 1.350 | 12-02-30 | CAD | 14,635,000 | 9,138,294 |
Province of Ontario | 2.900 | 06-02-28 | CAD | 4,350,000 | 3,125,506 |
Province of Ontario | 3.450 | 06-02-45 | CAD | 3,895,000 | 2,626,472 |
Province of Quebec | 0.200 | 04-07-25 | EUR | 2,695,000 | 2,640,275 |
Province of Quebec | 1.500 | 12-15-23 | GBP | 2,037,000 | 2,391,017 |
Province of Quebec | 3.750 | 09-01-24 | CAD | 3,530,000 | 2,610,046 |
China 0.9% | 17,178,293 | ||||
People’s Republic of China | 1.990 | 04-09-25 | CNY | 34,810,000 | 4,816,881 |
People’s Republic of China | 2.690 | 08-12-26 | CNY | 21,230,000 | 2,981,284 |
People’s Republic of China | 2.880 | 11-05-23 | CNY | 66,520,000 | 9,380,128 |
Colombia 0.6% | 10,454,984 | ||||
Republic of Colombia | 3.250 | 04-22-32 | 4,315,000 | 3,073,074 | |
Republic of Colombia | 4.500 | 03-15-29 | 1,120,000 | 954,000 | |
Republic of Colombia | 5.625 | 02-26-44 | 1,120,000 | 797,138 | |
Republic of Colombia | 6.250 | 11-26-25 | COP | 7,819,040,000 | 1,377,435 |
Republic of Colombia | 10.000 | 07-24-24 | COP | 21,129,300,000 | 4,253,337 |
Finland 0.2% | 2,989,490 | ||||
Republic of Finland (B) | 0.500 | 09-15-28 | EUR | 3,180,000 | 2,989,490 |
India 0.3% | 5,589,853 | ||||
Export-Import Bank of India (B) | 3.875 | 02-01-28 | 3,075,000 | 2,838,542 | |
Republic of India | 6.100 | 07-12-31 | INR | 166,260,000 | 1,888,094 |
Republic of India | 7.270 | 04-08-26 | INR | 69,990,000 | 863,217 |
Indonesia 2.6% | 48,778,681 | ||||
Republic of Indonesia | 1.100 | 03-12-33 | EUR | 1,191,000 | 901,093 |
Republic of Indonesia (B) | 2.150 | 07-18-24 | EUR | 3,335,000 | 3,388,295 |
Republic of Indonesia | 3.050 | 03-12-51 | 4,315,000 | 3,061,939 | |
Republic of Indonesia | 3.550 | 03-31-32 | 3,440,000 | 3,104,911 | |
Republic of Indonesia | 3.850 | 10-15-30 | 1,650,000 | 1,545,993 | |
Republic of Indonesia | 5.125 | 04-15-27 | IDR | 30,632,000,000 | 1,851,063 |
Republic of Indonesia | 6.125 | 05-15-28 | IDR | 53,219,000,000 | 3,276,915 |
Republic of Indonesia | 6.375 | 04-15-32 | IDR | 111,122,000,000 | 6,782,736 |
Republic of Indonesia | 6.500 | 06-15-25 | IDR | 154,471,000,000 | 9,846,935 |
Republic of Indonesia | 6.625 | 05-15-33 | IDR | 30,647,000,000 | 1,889,269 |
Republic of Indonesia | 7.500 | 06-15-35 | IDR | 19,373,000,000 | 1,271,501 |
8 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Indonesia (continued) | |||||
Republic of Indonesia | 7.500 | 05-15-38 | IDR | 15,237,000,000 | $998,254 |
Republic of Indonesia | 8.125 | 05-15-24 | IDR | 33,251,000,000 | 2,173,897 |
Republic of Indonesia | 8.375 | 09-15-26 | IDR | 49,203,000,000 | 3,324,834 |
Republic of Indonesia | 8.750 | 05-15-31 | IDR | 48,811,000,000 | 3,462,149 |
Republic of Indonesia | 9.000 | 03-15-29 | IDR | 26,967,000,000 | 1,898,897 |
Ireland 0.5% | 8,449,209 | ||||
Republic of Ireland | 0.200 | 05-15-27 | EUR | 3,850,000 | 3,674,365 |
Republic of Ireland | 0.350 | 10-18-32 | EUR | 2,025,000 | 1,738,088 |
Republic of Ireland | 1.100 | 05-15-29 | EUR | 3,130,000 | 3,036,756 |
Israel 0.1% | 1,767,654 | ||||
State of Israel | 2.500 | 01-15-30 | 1,985,000 | 1,767,654 | |
Italy 0.5% | 8,683,072 | ||||
Republic of Italy (B) | 0.600 | 08-01-31 | EUR | 2,105,000 | 1,695,313 |
Republic of Italy | 1.250 | 02-17-26 | 3,387,000 | 2,921,674 | |
Republic of Italy (B) | 1.850 | 07-01-25 | EUR | 4,010,000 | 4,066,085 |
Japan 1.0% | 18,769,147 | ||||
Government of Japan | 0.005 | 03-20-27 | JPY | 645,000,000 | 4,657,432 |
Government of Japan | 0.100 | 12-20-23 | JPY | 1,945,000,000 | 14,111,715 |
Malaysia 1.1% | 20,799,501 | ||||
Government of Malaysia | 3.733 | 06-15-28 | MYR | 11,880,000 | 2,632,410 |
Government of Malaysia | 3.828 | 07-05-34 | MYR | 16,630,000 | 3,564,768 |
Government of Malaysia | 3.844 | 04-15-33 | MYR | 14,961,000 | 3,233,816 |
Government of Malaysia | 3.882 | 03-14-25 | MYR | 9,635,000 | 2,169,777 |
Government of Malaysia | 3.899 | 11-16-27 | MYR | 16,709,000 | 3,750,624 |
Government of Malaysia | 3.900 | 11-30-26 | MYR | 8,610,000 | 1,932,582 |
Government of Malaysia | 4.059 | 09-30-24 | MYR | 15,500,000 | 3,515,524 |
Mexico 1.6% | 30,248,834 | ||||
Government of Mexico | 5.000 | 03-06-25 | MXN | 153,690,000 | 7,135,345 |
Government of Mexico | 5.750 | 03-05-26 | MXN | 113,380,000 | 5,240,431 |
Government of Mexico | 7.500 | 06-03-27 | MXN | 202,360,000 | 9,758,988 |
Government of Mexico | 7.750 | 05-29-31 | MXN | 172,250,000 | 8,114,070 |
Netherlands 0.2% | 3,196,440 | ||||
Kingdom of the Netherlands (B) | 2.000 | 07-15-24 | EUR | 3,076,000 | 3,196,440 |
New Zealand 1.5% | 28,573,545 | ||||
Government of New Zealand | 0.500 | 05-15-24 | NZD | 12,820,000 | 7,608,451 |
Government of New Zealand | 0.500 | 05-15-26 | NZD | 13,985,000 | 7,713,433 |
Government of New Zealand | 4.500 | 04-15-27 | NZD | 13,590,000 | 8,615,633 |
New Zealand Local Government Funding Agency | 1.500 | 04-15-26 | NZD | 3,340,000 | 1,877,258 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 9 |
Rate (%) | Maturity date | Par value^ | Value | ||
New Zealand (continued) | |||||
New Zealand Local Government Funding Agency | 2.250 | 04-15-24 | NZD | 3,100,000 | $1,874,780 |
New Zealand Local Government Funding Agency | 4.500 | 04-15-27 | NZD | 1,425,000 | 883,990 |
Norway 1.7% | 31,938,163 | ||||
Kingdom of Norway (B) | 1.375 | 08-19-30 | NOK | 31,485,000 | 2,819,279 |
Kingdom of Norway (B) | 1.500 | 02-19-26 | NOK | 37,580,000 | 3,606,066 |
Kingdom of Norway (B) | 1.750 | 03-13-25 | NOK | 54,605,000 | 5,343,061 |
Kingdom of Norway (B) | 1.750 | 02-17-27 | NOK | 43,210,000 | 4,128,951 |
Kingdom of Norway (B) | 2.000 | 05-24-23 | NOK | 38,825,000 | 3,922,374 |
Kingdom of Norway (B) | 2.125 | 05-18-32 | NOK | 53,915,000 | 5,019,708 |
Kingdom of Norway (B) | 3.500 | 10-06-42 | NOK | 11,817,000 | 1,260,664 |
Kommunalbanken AS | 4.250 | 07-16-25 | AUD | 4,830,000 | 3,300,787 |
Kommunalbanken AS | 5.250 | 07-15-24 | AUD | 3,660,000 | 2,537,273 |
Philippines 0.4% | 8,250,865 | ||||
Republic of the Philippines | 0.875 | 05-17-27 | EUR | 5,500,000 | 5,025,555 |
Republic of the Philippines | 6.250 | 01-14-36 | PHP | 202,000,000 | 3,225,310 |
Portugal 0.2% | 3,179,068 | ||||
Republic of Portugal (B) | 0.700 | 10-15-27 | EUR | 3,290,000 | 3,179,068 |
Qatar 0.1% | 2,711,150 | ||||
State of Qatar (B) | 4.817 | 03-14-49 | 2,795,000 | 2,711,150 | |
Singapore 1.0% | 19,400,289 | ||||
Republic of Singapore | 2.375 | 06-01-25 | SGD | 21,100,000 | 15,273,519 |
Republic of Singapore | 3.375 | 09-01-33 | SGD | 5,470,000 | 4,126,770 |
South Korea 1.3% | 23,254,299 | ||||
Republic of Korea | 2.125 | 06-10-27 | KRW | 6,326,000,000 | 4,502,935 |
Republic of Korea | 2.375 | 03-10-27 | KRW | 19,564,180,000 | 14,139,828 |
Republic of Korea | 3.125 | 09-10-24 | KRW | 6,155,320,000 | 4,611,536 |
Spain 0.4% | 7,100,146 | ||||
Kingdom of Spain (B) | 0.250 | 07-30-24 | EUR | 3,615,000 | 3,638,894 |
Kingdom of Spain (B) | 0.800 | 07-30-27 | EUR | 3,585,000 | 3,461,252 |
Sweden 0.3% | 5,892,115 | ||||
Kingdom of Sweden (B) | 0.125 | 04-24-23 | EUR | 5,710,000 | 5,892,115 |
United Arab Emirates 0.4% | 6,452,116 | ||||
Government of Abu Dhabi (B) | 1.700 | 03-02-31 | 2,865,000 | 2,367,321 | |
Government of Abu Dhabi (B) | 3.125 | 04-16-30 | 2,940,000 | 2,729,902 | |
Government of Abu Dhabi (B) | 3.875 | 04-16-50 | 1,625,000 | 1,354,893 |
10 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
United Kingdom 1.2% | $21,323,499 | ||||
Government of United Kingdom | 0.125 | 01-31-24 | GBP | 15,110,000 | 17,571,538 |
Government of United Kingdom | 0.250 | 01-31-25 | GBP | 3,330,000 | 3,751,961 |
Corporate bonds 45.6% | $847,072,526 | ||||
(Cost $975,394,590) | |||||
Communication services 5.6% | 104,159,817 | ||||
Diversified telecommunication services 0.3% | |||||
AT&T, Inc. | 0.900 | 03-25-24 | 1,552,000 | 1,473,236 | |
Cellnex Telecom SA | 1.875 | 06-26-29 | EUR | 1,400,000 | 1,222,269 |
CT Trust (B) | 5.125 | 02-03-32 | 1,835,000 | 1,589,560 | |
Verizon Communications, Inc. | 0.750 | 03-22-24 | 1,164,000 | 1,106,571 | |
Entertainment 0.1% | |||||
WMG Acquisition Corp. (B) | 3.000 | 02-15-31 | 1,545,000 | 1,280,504 | |
Interactive media and services 0.1% | |||||
Match Group Holdings II LLC (B) | 4.125 | 08-01-30 | 2,690,000 | 2,246,150 | |
Media 3.4% | |||||
CCO Holdings LLC (B) | 4.250 | 02-01-31 | 745,000 | 604,791 | |
CCO Holdings LLC (B) | 4.500 | 08-15-30 | 4,915,000 | 4,140,888 | |
CCO Holdings LLC (B) | 4.500 | 06-01-33 | 2,340,000 | 1,857,047 | |
CCO Holdings LLC (B) | 4.750 | 03-01-30 | 6,615,000 | 5,687,067 | |
CCO Holdings LLC (B) | 5.125 | 05-01-27 | 7,910,000 | 7,486,736 | |
Charter Communications Operating LLC | 2.800 | 04-01-31 | 2,985,000 | 2,361,920 | |
Charter Communications Operating LLC | 5.125 | 07-01-49 | 9,195,000 | 7,281,188 | |
Charter Communications Operating LLC | 5.750 | 04-01-48 | 5,180,000 | 4,456,317 | |
Charter Communications Operating LLC | 6.484 | 10-23-45 | 3,205,000 | 3,019,326 | |
Globo Comunicacao e Participacoes SA (B) | 4.875 | 01-22-30 | 3,410,000 | 2,799,081 | |
Globo Comunicacao e Participacoes SA (B) | 5.500 | 01-14-32 | 2,790,000 | 2,290,424 | |
LCPR Senior Secured Financing DAC (B) | 5.125 | 07-15-29 | 3,535,000 | 2,921,814 | |
News Corp. (B) | 3.875 | 05-15-29 | 7,765,000 | 6,901,144 | |
Sirius XM Radio, Inc. (B) | 4.125 | 07-01-30 | 4,245,000 | 3,582,016 | |
Virgin Media Secured Finance PLC (B) | 4.500 | 08-15-30 | 2,250,000 | 1,879,044 | |
Virgin Media Secured Finance PLC (B) | 5.500 | 05-15-29 | 3,814,000 | 3,523,602 | |
VTR Comunicaciones SpA (B) | 4.375 | 04-15-29 | 2,025,000 | 1,069,115 | |
VTR Comunicaciones SpA (B) | 5.125 | 01-15-28 | 1,908,000 | 1,087,560 | |
VTR Finance NV (B) | 6.375 | 07-15-28 | 2,435,000 | 1,059,225 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 11 |
Rate (%) | Maturity date | Par value^ | Value | ||
Communication services (continued) | |||||
Wireless telecommunication services 1.7% | |||||
Millicom International Cellular SA (B) | 4.500 | 04-27-31 | 1,895,000 | $1,554,078 | |
Millicom International Cellular SA (B) | 6.250 | 03-25-29 | 1,575,000 | 1,490,836 | |
T-Mobile USA, Inc. | 2.625 | 04-15-26 | 1,070,000 | 981,301 | |
T-Mobile USA, Inc. | 2.625 | 02-15-29 | 1,965,000 | 1,672,734 | |
T-Mobile USA, Inc. | 2.875 | 02-15-31 | 1,815,000 | 1,516,432 | |
T-Mobile USA, Inc. | 3.375 | 04-15-29 | 2,160,000 | 1,908,513 | |
T-Mobile USA, Inc. | 3.500 | 04-15-31 | 3,600,000 | 3,134,811 | |
T-Mobile USA, Inc. | 3.875 | 04-15-30 | 5,400,000 | 4,959,550 | |
T-Mobile USA, Inc. | 4.750 | 02-01-28 | 740,000 | 719,337 | |
Vmed O2 UK Financing I PLC (B) | 3.250 | 01-31-31 | EUR | 3,235,000 | 2,727,426 |
Vmed O2 UK Financing I PLC (B) | 4.250 | 01-31-31 | 13,165,000 | 10,568,204 | |
Consumer discretionary 4.7% | 86,554,638 | ||||
Automobiles 1.5% | |||||
BMW Finance NV | 1.000 | 11-14-24 | EUR | 1,495,000 | 1,507,551 |
Ford Motor Company | 3.250 | 02-12-32 | 2,915,000 | 2,303,797 | |
Ford Motor Credit Company LLC | 2.748 | 06-14-24 | GBP | 1,490,000 | 1,692,563 |
Ford Motor Credit Company LLC | 2.900 | 02-16-28 | 1,605,000 | 1,340,779 | |
Ford Motor Credit Company LLC | 3.625 | 06-17-31 | 5,870,000 | 4,814,256 | |
Ford Motor Credit Company LLC | 4.000 | 11-13-30 | 3,145,000 | 2,660,198 | |
Ford Motor Credit Company LLC | 4.125 | 08-17-27 | 740,000 | 675,154 | |
Ford Motor Credit Company LLC | 4.542 | 08-01-26 | 2,085,000 | 1,962,173 | |
Ford Motor Credit Company LLC | 4.950 | 05-28-27 | 3,315,000 | 3,137,217 | |
General Motors Financial Company, Inc. | 1.200 | 10-15-24 | 5,380,000 | 4,965,337 | |
General Motors Financial Company, Inc. | 3.500 | 11-07-24 | 2,100,000 | 2,026,831 | |
Hotels, restaurants and leisure 3.0% | |||||
Carnival Corp. (B) | 5.750 | 03-01-27 | 7,525,000 | 5,595,477 | |
Hilton Domestic Operating Company, Inc. (B) | 3.625 | 02-15-32 | 2,185,000 | 1,798,932 | |
Hilton Domestic Operating Company, Inc. | 4.875 | 01-15-30 | 1,300,000 | 1,203,020 | |
Hilton Domestic Operating Company, Inc. (B) | 5.375 | 05-01-25 | 1,715,000 | 1,704,041 | |
Hyatt Hotels Corp. | 6.000 | 04-23-30 | 3,416,000 | 3,390,094 | |
MGM Resorts International | 4.750 | 10-15-28 | 470,000 | 415,847 | |
New Red Finance, Inc. (B) | 3.500 | 02-15-29 | 4,854,000 | 4,138,728 | |
New Red Finance, Inc. (B) | 3.875 | 01-15-28 | 1,833,000 | 1,635,930 | |
New Red Finance, Inc. (B) | 4.000 | 10-15-30 | 12,599,000 | 10,610,374 | |
Royal Caribbean Cruises, Ltd. (B) | 5.500 | 04-01-28 | 5,700,000 | 4,652,625 | |
Travel + Leisure Company (B) | 4.500 | 12-01-29 | 4,124,000 | 3,342,328 | |
Travel + Leisure Company (B) | 6.625 | 07-31-26 | 1,723,000 | 1,688,274 |
12 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary (continued) | |||||
Hotels, restaurants and leisure (continued) | |||||
Yum! Brands, Inc. | 3.625 | 03-15-31 | 9,300,000 | $7,753,875 | |
Yum! Brands, Inc. | 4.625 | 01-31-32 | 4,030,000 | 3,566,550 | |
Yum! Brands, Inc. (B) | 4.750 | 01-15-30 | 4,630,000 | 4,236,450 | |
Internet and direct marketing retail 0.2% | |||||
MercadoLibre, Inc. | 2.375 | 01-14-26 | 1,125,000 | 992,728 | |
MercadoLibre, Inc. | 3.125 | 01-14-31 | 3,665,000 | 2,743,509 | |
Consumer staples 3.2% | 59,900,456 | ||||
Beverages 0.2% | |||||
Becle SAB de CV (B) | 2.500 | 10-14-31 | 3,855,000 | 2,996,838 | |
Food products 2.8% | |||||
Darling Ingredients, Inc. (B) | 6.000 | 06-15-30 | 2,820,000 | 2,750,036 | |
JBS USA LUX SA (B) | 3.625 | 01-15-32 | 4,805,000 | 3,964,125 | |
JBS USA LUX SA (B) | 5.750 | 04-01-33 | 3,575,000 | 3,463,210 | |
Kraft Heinz Foods Company | 3.000 | 06-01-26 | 2,718,000 | 2,558,541 | |
Kraft Heinz Foods Company | 3.875 | 05-15-27 | 445,000 | 429,140 | |
Kraft Heinz Foods Company | 4.250 | 03-01-31 | 6,490,000 | 6,142,755 | |
Kraft Heinz Foods Company | 4.375 | 06-01-46 | 1,180,000 | 994,577 | |
Kraft Heinz Foods Company | 4.625 | 10-01-39 | 3,460,000 | 3,098,039 | |
Kraft Heinz Foods Company | 6.875 | 01-26-39 | 5,790,000 | 6,406,990 | |
Kraft Heinz Foods Company (B) | 7.125 | 08-01-39 | 750,000 | 837,437 | |
MARB BondCo PLC (B) | 3.950 | 01-29-31 | 6,410,000 | 4,965,827 | |
NBM US Holdings, Inc. (B) | 7.000 | 05-14-26 | 3,158,000 | 3,127,913 | |
Post Holdings, Inc. (B) | 4.500 | 09-15-31 | 3,295,000 | 2,808,065 | |
Post Holdings, Inc. (B) | 4.625 | 04-15-30 | 4,235,000 | 3,715,577 | |
Post Holdings, Inc. (B) | 5.500 | 12-15-29 | 1,050,000 | 964,388 | |
Post Holdings, Inc. (B) | 5.625 | 01-15-28 | 6,520,000 | 6,220,276 | |
Personal products 0.2% | |||||
Natura & Company Luxembourg Holdings Sarl (B) | 6.000 | 04-19-29 | 1,860,000 | 1,555,539 | |
Natura Cosmeticos SA (B) | 4.125 | 05-03-28 | 3,645,000 | 2,901,183 | |
Energy 6.9% | 127,380,618 | ||||
Oil, gas and consumable fuels 6.9% | |||||
Aker BP ASA (B) | 3.750 | 01-15-30 | 3,615,000 | 3,203,743 | |
Antero Resources Corp. (B) | 5.375 | 03-01-30 | 3,725,000 | 3,490,120 | |
Cenovus Energy, Inc. | 3.500 | 02-07-28 | CAD | 2,280,000 | 1,617,111 |
Cenovus Energy, Inc. | 5.250 | 06-15-37 | 886,000 | 820,550 | |
Cenovus Energy, Inc. | 5.400 | 06-15-47 | 3,483,000 | 3,217,261 | |
Cenovus Energy, Inc. | 6.750 | 11-15-39 | 8,785,000 | 9,242,747 | |
Cheniere Energy Partners LP | 4.000 | 03-01-31 | 5,805,000 | 5,072,119 | |
Cheniere Energy Partners LP | 4.500 | 10-01-29 | 1,805,000 | 1,656,990 | |
Continental Resources, Inc. (B) | 2.875 | 04-01-32 | 5,519,000 | 4,161,237 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 13 |
Rate (%) | Maturity date | Par value^ | Value | ||
Energy (continued) | |||||
Oil, gas and consumable fuels (continued) | |||||
Continental Resources, Inc. (B) | 5.750 | 01-15-31 | 6,796,000 | $6,363,143 | |
Ecopetrol SA | 4.625 | 11-02-31 | 2,125,000 | 1,599,063 | |
Ecopetrol SA | 5.375 | 06-26-26 | 1,115,000 | 1,041,365 | |
Ecopetrol SA | 5.875 | 05-28-45 | 1,130,000 | 778,073 | |
Ecopetrol SA | 6.875 | 04-29-30 | 2,250,000 | 2,014,628 | |
Enbridge, Inc. | 3.125 | 11-15-29 | 5,030,000 | 4,437,018 | |
Enterprise Products Operating LLC | 3.125 | 07-31-29 | 6,165,000 | 5,484,199 | |
EQT Corp. (B) | 3.125 | 05-15-26 | 890,000 | 821,586 | |
EQT Corp. (B) | 3.625 | 05-15-31 | 10,385,000 | 8,983,351 | |
EQT Corp. | 3.900 | 10-01-27 | 1,464,000 | 1,355,242 | |
Kinder Morgan, Inc. | 5.300 | 12-01-34 | 2,695,000 | 2,560,909 | |
MC Brazil Downstream Trading SARL (B) | 7.250 | 06-30-31 | 4,570,000 | 3,785,121 | |
Medco Bell Pte, Ltd. (B) | 6.375 | 01-30-27 | 760,000 | 675,099 | |
Medco Oak Tree Pte, Ltd. (B) | 7.375 | 05-14-26 | 2,275,000 | 2,181,270 | |
Occidental Petroleum Corp. | 3.200 | 08-15-26 | 698,000 | 638,670 | |
Occidental Petroleum Corp. | 3.400 | 04-15-26 | 3,255,000 | 3,027,150 | |
Occidental Petroleum Corp. | 6.125 | 01-01-31 | 3,520,000 | 3,571,374 | |
Occidental Petroleum Corp. | 6.625 | 09-01-30 | 5,275,000 | 5,503,065 | |
Occidental Petroleum Corp. | 7.500 | 05-01-31 | 1,545,000 | 1,676,325 | |
Ovintiv, Inc. | 6.500 | 08-15-34 | 3,015,000 | 3,112,231 | |
Ovintiv, Inc. | 6.500 | 02-01-38 | 2,670,000 | 2,715,522 | |
Pertamina Persero PT (B) | 3.100 | 01-21-30 | 1,000,000 | 872,995 | |
Pertamina Persero PT (B) | 3.650 | 07-30-29 | 1,085,000 | 989,660 | |
Petrorio Luxembourg Trading Sarl (B) | 6.125 | 06-09-26 | 2,400,000 | 2,277,721 | |
Qatar Energy (B) | 2.250 | 07-12-31 | 1,775,000 | 1,485,603 | |
Qatar Energy (B) | 3.300 | 07-12-51 | 1,405,000 | 1,022,700 | |
Southwestern Energy Company | 5.700 | 01-23-25 | 75,000 | 74,250 | |
Targa Resources Partners LP | 4.000 | 01-15-32 | 2,375,000 | 2,036,773 | |
The Williams Companies, Inc. | 3.500 | 11-15-30 | 8,945,000 | 7,915,576 | |
TransCanada PipeLines, Ltd. | 1.000 | 10-12-24 | 3,110,000 | 2,884,957 | |
TransCanada PipeLines, Ltd. | 4.100 | 04-15-30 | 6,900,000 | 6,438,954 | |
Transcontinental Gas Pipe Line Company LLC | 3.250 | 05-15-30 | 585,000 | 513,852 | |
Var Energi ASA (B) | 7.500 | 01-15-28 | 2,570,000 | 2,626,143 | |
Western Midstream Operating LP | 4.300 | 02-01-30 | 3,855,000 | 3,435,152 | |
Financials 6.8% | 125,985,640 | ||||
Banks 4.4% | |||||
Asian Development Bank | 3.400 | 09-10-27 | AUD | 3,215,000 | 2,117,126 |
Asian Development Bank | 3.500 | 05-30-24 | NZD | 3,050,000 | 1,870,424 |
Asian Development Bank | 3.750 | 08-18-25 | NZD | 3,120,000 | 1,897,418 |
14 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Banks (continued) | |||||
Banco Actinver SA (B) | 4.800 | 12-18-32 | 775,000 | $445,625 | |
Banco Actinver SA (B) | 9.500 | 12-18-32 | MXN | 32,080,000 | 836,883 |
Bank of Montreal (3 month CDOR + 0.190%) (C) | 4.765 | 02-01-24 | CAD | 5,825,000 | 4,332,104 |
BNG Bank NV | 0.250 | 06-07-24 | EUR | 1,950,000 | 1,957,977 |
BNP Paribas SA (2.219% to 6-9-25, then SOFR + 2.074%) (B) | 2.219 | 06-09-26 | 4,860,000 | 4,463,273 | |
European Investment Bank (SONIA + 0.350%) (C) | 2.818 | 06-29-23 | GBP | 2,080,000 | 2,510,305 |
Inter-American Development Bank | 2.700 | 01-29-26 | AUD | 2,852,000 | 1,864,047 |
Inter-American Development Bank | 2.750 | 10-30-25 | AUD | 2,380,000 | 1,567,783 |
International Bank for Reconstruction & Development | 1.800 | 01-19-27 | CAD | 3,150,000 | 2,171,899 |
International Bank for Reconstruction & Development | 1.900 | 01-16-25 | CAD | 5,120,000 | 3,636,507 |
International Bank for Reconstruction & Development | 2.500 | 01-24-24 | NZD | 3,951,000 | 2,409,611 |
International Bank for Reconstruction & Development | 2.875 | 11-30-26 | NZD | 3,585,000 | 2,093,456 |
International Bank for Reconstruction & Development | 4.250 | 07-29-27 | NZD | 5,182,000 | 3,180,808 |
International Bank for Reconstruction & Development | 6.750 | 02-04-24 | BRL | 3,200,000 | 580,420 |
International Finance Corp. | 0.500 | 10-08-25 | NOK | 38,660,000 | 3,604,526 |
International Finance Corp. | 2.550 | 09-18-23 | CNY | 15,030,000 | 2,104,736 |
International Finance Corp. | 3.600 | 02-24-26 | AUD | 4,035,000 | 2,715,285 |
Intesa Sanpaolo SpA (4.198% to 6-1-31, then 1 Year CMT + 2.600%) (B) | 4.198 | 06-01-32 | 3,444,000 | 2,540,176 | |
JPMorgan Chase & Co. (0.653% to 9-16-23, then 3 month CME Term SOFR + 0.600%) | 0.653 | 09-16-24 | 4,680,000 | 4,496,433 | |
KfW | 1.250 | 08-28-23 | NOK | 21,200,000 | 2,115,688 |
Nordea Eiendomskreditt AS (3 month NIBOR + 0.340%) (C) | 3.100 | 06-19-24 | NOK | 31,000,000 | 3,152,570 |
Nordea Eiendomskreditt AS (3 month NIBOR + 0.300%) (C) | 3.120 | 06-21-23 | NOK | 28,000,000 | 2,846,032 |
Nordic Investment Bank | 1.875 | 04-10-24 | NOK | 14,710,000 | 1,458,544 |
QNB Finance, Ltd. | 3.500 | 03-28-24 | 1,285,000 | 1,256,994 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 15 |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Banks (continued) | |||||
Royal Bank of Canada (4.200% to 2-24-27, then 5 Year Canada Government Bond Yield + 2.710%) (D) | 4.200 | 02-24-27 | CAD | 3,040,000 | $1,747,138 |
The PNC Financial Services Group, Inc. (3 month LIBOR + 3.678%) (C)(D) | 8.118 | 02-01-23 | 1,040,000 | 1,039,970 | |
U.S. Bancorp | 0.850 | 06-07-24 | EUR | 9,600,000 | 9,665,998 |
U.S. Bancorp | 1.375 | 07-22-30 | 2,090,000 | 1,628,983 | |
U.S. Bancorp (3.700% to 1-15-27, then 5 Year CMT + 2.541%) (D) | 3.700 | 01-15-27 | 3,300,000 | 2,632,476 | |
Capital markets 1.1% | |||||
MSCI, Inc. (B) | 3.250 | 08-15-33 | 1,875,000 | 1,473,058 | |
MSCI, Inc. (B) | 3.625 | 09-01-30 | 8,800,000 | 7,388,710 | |
MSCI, Inc. (B) | 3.625 | 11-01-31 | 3,952,000 | 3,328,216 | |
MSCI, Inc. (B) | 3.875 | 02-15-31 | 4,820,000 | 4,187,520 | |
The Goldman Sachs Group, Inc. | 1.375 | 05-15-24 | EUR | 2,552,000 | 2,591,847 |
The Goldman Sachs Group, Inc. | 2.000 | 11-01-28 | EUR | 1,688,000 | 1,594,722 |
The Goldman Sachs Group, Inc. | 3.375 | 03-27-25 | EUR | 550,000 | 573,467 |
Consumer finance 0.0% | |||||
Capital One Financial Corp. | 0.800 | 06-12-24 | EUR | 580,000 | 575,607 |
Diversified financial services 0.7% | |||||
Berkshire Hathaway Finance Corp. | 2.375 | 06-19-39 | GBP | 2,250,000 | 2,015,892 |
Berkshire Hathaway Finance Corp. | 4.200 | 08-15-48 | 2,315,000 | 2,080,565 | |
Berkshire Hathaway, Inc., Zero Coupon | 0.000 | 03-12-25 | EUR | 3,780,000 | 3,668,616 |
Swiss Insured Brazil Power Finance Sarl (B) | 9.850 | 07-16-32 | BRL | 30,934,263 | 5,186,162 |
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 | 8,872,541 | |
Mortgage real estate investment trusts 0.1% | |||||
Starwood Property Trust, Inc. (B) | 4.375 | 01-15-27 | 1,685,000 | 1,507,502 | |
Health care 4.3% | 79,753,321 | ||||
Health care equipment and supplies 0.7% | |||||
Becton Dickinson Euro Finance Sarl | 1.208 | 06-04-26 | EUR | 2,800,000 | 2,702,083 |
Boston Scientific Corp. | 0.625 | 12-01-27 | EUR | 4,250,000 | 3,892,603 |
Stryker Corp. | 0.600 | 12-01-23 | 988,000 | 943,624 | |
Stryker Corp. | 1.150 | 06-15-25 | 3,105,000 | 2,841,134 |
16 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Health care (continued) | |||||
Health care equipment and supplies (continued) | |||||
Zimmer Biomet Holdings, Inc. | 1.450 | 11-22-24 | 3,105,000 | $2,881,583 | |
Health care providers and services 3.0% | |||||
Centene Corp. | 2.500 | 03-01-31 | 4,160,000 | 3,288,563 | |
Centene Corp. | 3.000 | 10-15-30 | 7,975,000 | 6,580,173 | |
Centene Corp. | 3.375 | 02-15-30 | 8,940,000 | 7,615,209 | |
Centene Corp. | 4.625 | 12-15-29 | 1,170,000 | 1,087,907 | |
HCA, Inc. | 3.500 | 09-01-30 | 19,495,000 | 16,755,368 | |
HCA, Inc. | 4.125 | 06-15-29 | 10,315,000 | 9,426,460 | |
HCA, Inc. | 5.375 | 02-01-25 | 6,133,000 | 6,122,963 | |
Rede D’or Finance Sarl (B) | 4.500 | 01-22-30 | 1,336,000 | 1,149,628 | |
Rede D’or Finance Sarl (B)(E) | 4.950 | 01-17-28 | 2,126,000 | 1,933,364 | |
UnitedHealth Group, Inc. | 0.550 | 05-15-24 | 1,940,000 | 1,827,992 | |
Life sciences tools and services 0.4% | |||||
Thermo Fisher Scientific, Inc. | 0.500 | 03-01-28 | EUR | 2,130,000 | 1,955,326 |
Thermo Fisher Scientific, Inc. | 0.750 | 09-12-24 | EUR | 1,699,000 | 1,703,898 |
Thermo Fisher Scientific, Inc. | 1.375 | 09-12-28 | EUR | 1,595,000 | 1,513,413 |
Thermo Fisher Scientific, Inc. | 1.400 | 01-23-26 | EUR | 2,566,000 | 2,544,694 |
Pharmaceuticals 0.2% | |||||
Allergan Funding SCS | 1.250 | 06-01-24 | EUR | 1,870,000 | 1,871,572 |
Allergan Funding SCS | 2.625 | 11-15-28 | EUR | 1,145,000 | 1,115,764 |
Industrials 5.3% | 98,448,906 | ||||
Aerospace and defense 1.0% | |||||
Airbus SE | 1.625 | 06-09-30 | EUR | 1,135,000 | 1,074,630 |
DAE Funding LLC (B) | 3.375 | 03-20-28 | 2,895,000 | 2,523,062 | |
The Boeing Company | 5.040 | 05-01-27 | 4,165,000 | 4,124,590 | |
The Boeing Company | 5.150 | 05-01-30 | 10,540,000 | 10,283,151 | |
Air freight and logistics 0.1% | |||||
Simpar Finance Sarl (B) | 10.750 | 02-12-28 | BRL | 11,993,000 | 1,721,984 |
Airlines 2.2% | |||||
American Airlines, Inc. (B) | 5.500 | 04-20-26 | 4,460,000 | 4,325,389 | |
American Airlines, Inc. (B) | 5.750 | 04-20-29 | 3,630,000 | 3,379,347 | |
Delta Air Lines 2020-1 Class A Pass Through Trust | 2.500 | 06-10-28 | 1,700,011 | 1,441,336 | |
Delta Air Lines, Inc. | 2.900 | 10-28-24 | 3,380,000 | 3,204,240 | |
Delta Air Lines, Inc. | 4.375 | 04-19-28 | 4,580,000 | 4,185,410 | |
Delta Air Lines, Inc. (B) | 4.500 | 10-20-25 | 880,000 | 857,299 | |
Delta Air Lines, Inc. (B) | 4.750 | 10-20-28 | 18,658,000 | 17,685,940 | |
Delta Air Lines, Inc. | 7.375 | 01-15-26 | 2,535,000 | 2,618,858 | |
United Airlines, Inc. (B) | 4.625 | 04-15-29 | 2,940,000 | 2,617,238 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 17 |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Building products 0.1% | |||||
Johnson Controls International PLC | 0.375 | 09-15-27 | EUR | 1,080,000 | $977,794 |
Owens Corning | 3.950 | 08-15-29 | 1,980,000 | 1,818,677 | |
Construction and engineering 0.3% | |||||
AECOM | 5.125 | 03-15-27 | 5,058,000 | 4,920,827 | |
Road and rail 0.5% | |||||
Canadian Pacific Railway Company | 1.350 | 12-02-24 | 1,545,000 | 1,438,713 | |
Indian Railway Finance Corp., Ltd. (B) | 3.249 | 02-13-30 | 2,545,000 | 2,206,549 | |
Movida Europe SA (B) | 5.250 | 02-08-31 | 1,085,000 | 819,164 | |
The Hertz Corp. (B) | 5.000 | 12-01-29 | 3,955,000 | 3,138,609 | |
Uber Technologies, Inc. (B) | 8.000 | 11-01-26 | 2,400,000 | 2,427,323 | |
Trading companies and distributors 1.1% | |||||
AerCap Ireland Capital DAC | 1.150 | 10-29-23 | 6,255,000 | 5,977,425 | |
United Rentals North America, Inc. | 3.875 | 02-15-31 | 6,810,000 | 5,858,711 | |
United Rentals North America, Inc. | 4.000 | 07-15-30 | 2,620,000 | 2,272,850 | |
United Rentals North America, Inc. | 4.875 | 01-15-28 | 5,175,000 | 4,963,136 | |
United Rentals North America, Inc. | 5.500 | 05-15-27 | 1,608,000 | 1,586,654 | |
Information technology 1.2% | 23,263,477 | ||||
IT services 0.5% | |||||
Fidelity National Information Services, Inc. | 1.500 | 05-21-27 | EUR | 2,980,000 | 2,836,520 |
Fiserv, Inc. | 1.125 | 07-01-27 | EUR | 1,100,000 | 1,034,261 |
Gartner, Inc. (B) | 3.750 | 10-01-30 | 6,885,000 | 5,955,525 | |
Semiconductors and semiconductor equipment 0.1% | |||||
SK Hynix, Inc. (B) | 1.500 | 01-19-26 | 2,185,000 | 1,892,077 | |
Technology hardware, storage and peripherals 0.6% | |||||
Apple, Inc., Zero Coupon | 0.000 | 11-15-25 | EUR | 2,350,000 | 2,275,077 |
Apple, Inc. | 0.875 | 05-24-25 | EUR | 3,215,000 | 3,216,253 |
CDW LLC | 4.250 | 04-01-28 | 2,675,000 | 2,416,729 | |
Dell International LLC | 8.350 | 07-15-46 | 3,112,000 | 3,637,035 | |
Materials 3.7% | 68,368,643 | ||||
Chemicals 0.7% | |||||
Braskem Idesa SAPI (B) | 6.990 | 02-20-32 | 2,345,000 | 1,662,019 | |
Braskem Netherlands Finance BV (B) | 4.500 | 01-31-30 | 2,328,000 | 1,984,999 | |
Braskem Netherlands Finance BV (B) | 5.875 | 01-31-50 | 990,000 | 774,601 |
18 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Materials (continued) | |||||
Chemicals (continued) | |||||
Ecolab, Inc. | 1.000 | 01-15-24 | EUR | 2,705,000 | $2,759,602 |
FS Luxembourg Sarl (B) | 10.000 | 12-15-25 | 3,975,000 | 4,009,702 | |
Westlake Corp. | 0.875 | 08-15-24 | 2,330,000 | 2,161,998 | |
Construction materials 0.5% | |||||
Cemex SAB de CV (B) | 3.875 | 07-11-31 | 5,755,000 | 4,677,079 | |
St. Mary’s Cement, Inc. (B) | 5.750 | 01-28-27 | 4,145,000 | 4,135,567 | |
Containers and packaging 1.4% | |||||
Ardagh Metal Packaging Finance USA LLC (B) | 3.000 | 09-01-29 | EUR | 1,495,000 | 1,161,612 |
Ardagh Metal Packaging Finance USA LLC (B) | 3.250 | 09-01-28 | 4,345,000 | 3,664,061 | |
Avery Dennison Corp. | 1.250 | 03-03-25 | EUR | 2,100,000 | 2,058,131 |
Ball Corp. | 2.875 | 08-15-30 | 3,620,000 | 2,942,843 | |
Ball Corp. | 4.875 | 03-15-26 | 5,925,000 | 5,747,250 | |
Ball Corp. | 6.875 | 03-15-28 | 5,495,000 | 5,683,094 | |
Berry Global, Inc. (B) | 5.625 | 07-15-27 | 3,790,000 | 3,714,200 | |
Metals and mining 1.1% | |||||
Cleveland-Cliffs, Inc. (B)(E) | 4.875 | 03-01-31 | 3,640,000 | 3,157,700 | |
CSN Islands XI Corp. (B) | 6.750 | 01-28-28 | 4,110,000 | 3,905,211 | |
FMG Resources August 2006 Proprietary, Ltd. (B) | 4.375 | 04-01-31 | 2,030,000 | 1,710,275 | |
Freeport-McMoRan, Inc. | 4.125 | 03-01-28 | 635,000 | 579,996 | |
Freeport-McMoRan, Inc. | 4.625 | 08-01-30 | 4,475,000 | 4,087,597 | |
Freeport-McMoRan, Inc. | 5.450 | 03-15-43 | 8,690,000 | 7,791,106 | |
Real estate 1.4% | 27,138,700 | ||||
Equity real estate investment trusts 1.4% | |||||
American Tower Corp. | 0.500 | 01-15-28 | EUR | 2,035,000 | 1,780,467 |
American Tower Corp. | 1.950 | 05-22-26 | EUR | 1,450,000 | 1,420,340 |
Crown Castle, Inc. | 1.350 | 07-15-25 | 773,000 | 703,469 | |
Crown Castle, Inc. | 2.250 | 01-15-31 | 660,000 | 533,785 | |
Host Hotels & Resorts LP | 3.375 | 12-15-29 | 970,000 | 820,429 | |
Host Hotels & Resorts LP | 3.500 | 09-15-30 | 975,000 | 813,810 | |
SBA Communications Corp. | 3.125 | 02-01-29 | 4,325,000 | 3,610,756 | |
SBA Communications Corp. | 3.875 | 02-15-27 | 10,610,000 | 9,795,602 | |
VICI Properties LP (B) | 4.125 | 08-15-30 | 3,450,000 | 2,989,280 | |
VICI Properties LP (B) | 4.625 | 12-01-29 | 1,395,000 | 1,265,786 | |
VICI Properties LP | 5.125 | 05-15-32 | 3,630,000 | 3,404,976 | |
Utilities 2.5% | 46,118,310 | ||||
Electric utilities 1.5% | |||||
EDP Finance BV | 0.375 | 09-16-26 | EUR | 545,000 | 508,187 |
FirstEnergy Corp. | 2.250 | 09-01-30 | 3,545,000 | 2,817,655 | |
FirstEnergy Corp. | 2.650 | 03-01-30 | 5,100,000 | 4,216,476 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 19 |
Rate (%) | Maturity date | Par value^ | Value | ||
Utilities (continued) | |||||
Electric utilities (continued) | |||||
FirstEnergy Corp. | 4.400 | 07-15-27 | 4,060,000 | $3,828,661 | |
FirstEnergy Corp. | 7.375 | 11-15-31 | 7,070,000 | 7,960,900 | |
Israel Electric Corp., Ltd. (B) | 6.875 | 06-21-23 | 1,415,000 | 1,423,411 | |
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara (B) | 4.125 | 05-15-27 | 1,414,000 | 1,334,646 | |
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara (B) | 5.450 | 05-21-28 | 3,805,000 | 3,750,550 | |
Pinnacle West Capital Corp. | 1.300 | 06-15-25 | 1,745,000 | 1,574,489 | |
Independent power and renewable electricity producers 0.7% | |||||
DPL, Inc. | 4.125 | 07-01-25 | 5,515,000 | 5,195,975 | |
Greenko Dutch BV (B) | 3.850 | 03-29-26 | 2,731,300 | 2,348,918 | |
Greenko Solar Mauritius, Ltd. (B) | 5.550 | 01-29-25 | 1,660,000 | 1,548,780 | |
Greenko Wind Projects Mauritius, Ltd. (B) | 5.500 | 04-06-25 | 3,690,000 | 3,452,240 | |
The AES Corp. (B) | 3.950 | 07-15-30 | 725,000 | 634,738 | |
Multi-utilities 0.3% | |||||
DTE Energy Company | 1.050 | 06-01-25 | 1,660,000 | 1,504,074 | |
E.ON SE | 0.375 | 09-29-27 | EUR | 1,360,000 | 1,266,992 |
Engie SA | 0.375 | 06-21-27 | EUR | 1,400,000 | 1,288,915 |
WEC Energy Group, Inc. | 0.800 | 03-15-24 | 1,547,000 | 1,462,703 | |
Convertible bonds 2.1% | $38,354,267 | ||||
(Cost $45,095,928) | |||||
Communication services 0.6% | 11,473,177 | ||||
Media 0.6% | |||||
Liberty Broadband Corp. (B) | 1.250 | 09-30-50 | 5,530,000 | 5,274,238 | |
Liberty Broadband Corp. (B) | 2.750 | 09-30-50 | 4,005,000 | 3,875,481 | |
Liberty Media Corp. (B) | 0.500 | 12-01-50 | 2,275,000 | 2,323,458 | |
Consumer discretionary 0.4% | 7,676,475 | ||||
Hotels, restaurants and leisure 0.2% | |||||
Carnival Corp. (B) | 5.750 | 12-01-27 | 4,450,000 | 4,472,250 | |
Specialty retail 0.2% | |||||
Burlington Stores, Inc. | 2.250 | 04-15-25 | 2,820,000 | 3,204,225 | |
Industrials 1.1% | 19,204,615 | ||||
Airlines 0.9% | |||||
Air Canada | 4.000 | 07-01-25 | 2,300,000 | 2,823,250 | |
American Airlines Group, Inc. | 6.500 | 07-01-25 | 6,240,000 | 7,054,320 | |
Southwest Airlines Company | 1.250 | 05-01-25 | 4,210,000 | 5,464,580 | |
Road and rail 0.2% | |||||
Uber Technologies, Inc. (F) | 5.489 | 12-15-25 | 4,555,000 | 3,862,465 |
20 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Capital preferred securities 0.2% | $3,343,277 | ||||
(Cost $3,628,401) | |||||
Financials 0.2% | 3,343,277 | ||||
Banks 0.2% | |||||
USB Capital IX (Greater of 3 month LIBOR + 1.020% or 3.500%) (C)(D) | 5.099 | 01-03-23 | 4,135,000 | 3,343,277 | |
Municipal bonds 0.0% | $661,701 | ||||
(Cost $638,092) | |||||
State Board of Administration Finance Corp. (Florida) | 2.154 | 07-01-30 | 820,000 | 661,701 | |
Term loans (G) 1.3% | $24,240,565 | ||||
(Cost $24,844,663) | |||||
Communication services 0.0% | 910,695 | ||||
Media 0.0% | |||||
AP Core Holdings II LLC, High-Yield Term Loan B2 (1 month LIBOR + 5.500%) | 9.571 | 09-01-27 | 1,030,000 | 910,695 | |
Consumer discretionary 0.5% | 8,487,203 | ||||
Diversified consumer services 0.0% | |||||
APX Group, Inc., 2021 Term Loan B (Prime rate + 2.250% and 3 month LIBOR + 3.250%) | 6.737 | 07-10-28 | 2,923 | 2,783 | |
Hotels, restaurants and leisure 0.4% | |||||
Aramark Services, Inc., 2018 Term Loan B3 (H) | TBD | 03-11-25 | 375,000 | 368,749 | |
Bally’s Corp., 2021 Term Loan B (1 month LIBOR + 3.250%) | 7.129 | 10-02-28 | 1,894 | 1,798 | |
KFC Holding Company, 2021 Term Loan B (1 month LIBOR + 1.750%) | 5.661 | 03-15-28 | 5,653,371 | 5,566,536 | |
New Red Finance, Inc., Term Loan B4 (1 and 3 month LIBOR + 1.750%) | 5.887 | 11-19-26 | 1,451,900 | 1,422,862 | |
Textiles, apparel and luxury goods 0.1% | |||||
Patagonia Holdco LLC, Term Loan B1 (3 month SOFR + 5.750%) | 9.960 | 08-01-29 | 1,410,000 | 1,124,475 | |
Health care 0.0% | 5,453 | ||||
Life sciences tools and services 0.0% | |||||
ICON Luxembourg Sarl, LUX Term Loan (3 month LIBOR + 2.250%) | 5.938 | 07-03-28 | 4,439 | 4,414 | |
ICON Luxembourg Sarl, US Term Loan (3 month LIBOR + 2.250%) | 5.938 | 07-03-28 | 1,045 | 1,039 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 21 |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials 0.7% | $13,891,662 | ||||
Airlines 0.7% | |||||
AAdvantage Loyalty IP, Ltd., 2021 Term Loan (3 month LIBOR + 4.750%) | 8.993 | 04-20-28 | 2,925,000 | 2,904,642 | |
Mileage Plus Holdings LLC, 2020 Term Loan B (3 month LIBOR + 5.250%) | 8.777 | 06-21-27 | 4,617,000 | 4,743,968 | |
United Airlines, Inc., 2021 Term Loan B (3 month LIBOR + 3.750%) | 8.108 | 04-21-28 | 5,925,390 | 5,842,849 | |
Road and rail 0.0% | |||||
The Hertz Corp., 2021 Term Loan B (1 month LIBOR + 3.250%) | 7.321 | 06-30-28 | 330,752 | 322,344 | |
The Hertz Corp., 2021 Term Loan C (1 month LIBOR + 3.250%) | 7.321 | 06-30-28 | 79,890 | 77,859 | |
Real estate 0.1% | 945,552 | ||||
Equity real estate investment trusts 0.1% | |||||
SBA Senior Finance II LLC, 2018 Term Loan B (3 month LIBOR + 1.750%) | 5.830 | 04-11-25 | 952,218 | 945,552 | |
Collateralized mortgage obligations 5.7% | $106,770,099 | ||||
(Cost $109,574,874) | |||||
Commercial and residential 4.0% | 74,019,306 | ||||
Arroyo Mortgage Trust | |||||
Series 2019-1, Class A1 (B)(I) | 3.805 | 01-25-49 | 1,134,715 | 1,042,722 | |
BAMLL Commercial Mortgage Securities Trust | |||||
Series 2018-DSNY, Class A (1 month LIBOR + 0.850%) (B)(C) | 4.724 | 09-15-34 | 5,940,000 | 5,811,066 | |
BOCA Commercial Mortgage Trust | |||||
Series 2022-BOCA, Class A (1 month CME Term SOFR + 1.770%) (B)(C) | 5.564 | 05-15-39 | 2,300,000 | 2,226,604 | |
BX Commercial Mortgage Trust | |||||
Series 2019-XL, Class A (1 month CME Term SOFR + 1.034%) (B)(C) | 4.829 | 10-15-36 | 5,802,427 | 5,700,194 | |
Series 2021-CIP, Class A (1 month LIBOR + 0.921%) (B)(C) | 4.796 | 12-15-38 | 2,270,000 | 2,181,826 | |
Series 2021-VOLT, Class A (1 month LIBOR + 0.700%) (B)(C) | 4.575 | 09-15-36 | 2,595,000 | 2,483,605 | |
BX Trust | |||||
Series 2022-CLS, Class A (B) | 5.760 | 10-13-27 | 2,920,000 | 2,888,924 | |
Series 2022-GPA, Class A (1 month CME Term SOFR + 2.165%) (B)(C) | 5.959 | 10-15-39 | 3,935,000 | 3,917,741 |
22 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
Series 2022-GPA, Class B (1 month CME Term SOFR + 2.664%) (B)(C) | 6.458 | 10-15-39 | 2,360,000 | $2,342,257 | |
CAMB Commercial Mortgage Trust | |||||
Series 2019-LIFE, Class A (1 month LIBOR + 1.070%) (B)(C) | 4.943 | 12-15-37 | 1,761,400 | 1,723,833 | |
Century Plaza Towers | |||||
Series 2019-CPT, Class A (B) | 2.865 | 11-13-39 | 5,760,000 | 4,770,946 | |
COLT Mortgage Loan Trust | |||||
Series 2022-5, Class A1 (B)(I) | 4.550 | 04-25-67 | 1,753,030 | 1,660,883 | |
Credit Suisse Mortgage Capital Certificates | |||||
Series 2019-ICE4, Class A (1 month LIBOR + 0.980%) (B)(C) | 4.855 | 05-15-36 | 5,010,000 | 4,945,315 | |
Series 2019-NQM1, Class A1 (2.656% to 11-1-23, then 3.656% thereafter) (B) | 2.656 | 10-25-59 | 334,703 | 316,403 | |
DBCG Mortgage Trust | |||||
Series 2017-BBG, Class A (1 month LIBOR + 0.700%) (B)(C) | 4.576 | 06-15-34 | 3,585,000 | 3,513,530 | |
GCAT Trust | |||||
Series 2022-NQM4, Class A1 (5.269% to 8-1-26, then 6.269% thereafter) (B) | 5.269 | 08-25-67 | 1,982,351 | 1,930,918 | |
HarborView Mortgage Loan Trust | |||||
Series 2007-3, Class ES IO (B) | 0.350 | 05-19-47 | 10,176,334 | 119,012 | |
Series 2007-4, Class ES IO | 0.350 | 07-19-47 | 10,559,173 | 121,811 | |
Series 2007-6, Class ES IO (B) | 0.343 | 08-19-37 | 10,869,497 | 109,228 | |
InTown Mortgage Trust | |||||
Series 2022-STAY, Class A (1 month CME Term SOFR + 2.489%) (B)(C) | 6.283 | 08-15-39 | 3,215,000 | 3,182,772 | |
Series 2022-STAY, Class C (1 month CME Term SOFR + 3.685%) (B)(C) | 7.479 | 08-15-39 | 980,000 | 956,364 | |
Life Mortgage Trust | |||||
Series 2022-BMR2, Class A1 (1 month CME Term SOFR + 1.295%) (B)(C) | 5.089 | 05-15-39 | 5,555,000 | 5,387,919 | |
Series 2022-BMR2, Class B (1 month CME Term SOFR + 1.794%) (B)(C) | 5.588 | 05-15-39 | 5,255,000 | 5,057,437 | |
Series 2022-BMR2, Class C (1 month CME Term SOFR + 2.093%) (B)(C) | 5.887 | 05-15-39 | 2,425,000 | 2,327,756 | |
New Residential Mortgage Loan Trust | |||||
Series 2017-5A, Class A1 (1 month LIBOR + 1.500%) (B)(C) | 5.544 | 06-25-57 | 459,235 | 448,042 | |
Towd Point Mortgage Trust |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 23 |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
Series 2017-2, Class A1 (B)(I) | 2.750 | 04-25-57 | 169,024 | $166,451 | |
Series 2017-3, Class A1 (B)(I) | 2.750 | 07-25-57 | 415,004 | 403,232 | |
Verus Securitization Trust | |||||
Series 2022-4, Class A1 (4.474% to 4-1-26, then 5.474% thereafter) (B) | 4.474 | 04-25-67 | 5,649,457 | 5,404,216 | |
Series 2022-8, Class A2 (6.127% to 10-1-26, then 7.127% thereafter) (B) | 6.127 | 09-25-67 | 1,201,397 | 1,177,017 | |
Series 2022-INV1, Class A1 (5.041% to 8-1-26, then 6.041% thereafter) (B) | 5.041 | 08-25-67 | 1,750,413 | 1,701,282 | |
U.S. Government Agency 1.7% | 32,750,793 | ||||
Federal Home Loan Mortgage Corp. | |||||
Series 2022-DNA3, Class M1A (1 month SOFR + 2.000%) (B)(C) | 5.521 | 04-25-42 | 4,071,544 | 4,018,882 | |
Series 2022-DNA4, Class M1A (1 month SOFR + 2.200%) (B)(C) | 5.747 | 05-25-42 | 3,895,034 | 3,868,331 | |
Series 2022-DNA4, Class M1B (1 month SOFR + 3.350%) (B)(C) | 6.897 | 05-25-42 | 5,635,000 | 5,522,300 | |
Series 2022-DNA7, Class M1A (1 month SOFR + 2.500%) (B)(C) | 6.021 | 03-25-52 | 3,087,442 | 3,072,962 | |
Series 2022-HQA1, Class M1B (1 month SOFR + 3.500%) (B)(C) | 7.021 | 03-25-42 | 365,000 | 354,911 | |
Series 2022-HQA2, Class M1B (1 month SOFR + 4.000%) (B)(C) | 7.521 | 07-25-42 | 1,550,000 | 1,520,925 | |
Federal National Mortgage Association | |||||
Series 2022-R01, Class 1M1 (1 month SOFR + 1.000%) (B)(C) | 4.521 | 12-25-41 | 1,266,804 | 1,243,919 | |
Series 2022-R03, Class 1M1 (1 month SOFR + 2.100%) (B)(C) | 5.621 | 03-25-42 | 489,958 | 484,142 | |
Series 2022-R04, Class 1M1 (1 month SOFR + 2.000%) (B)(C) | 5.521 | 03-25-42 | 1,407,124 | 1,389,571 | |
Series 2022-R05, Class 2M1 (1 month SOFR + 1.900%) (B)(C) | 5.421 | 04-25-42 | 2,646,541 | 2,615,126 | |
Series 2022-R06, Class 1M1 (1 month SOFR + 2.750%) (B)(C) | 6.271 | 05-25-42 | 1,866,455 | 1,866,455 |
24 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency (continued) | |||||
Series 2022-R07, Class 1M1 (1 month SOFR + 2.950%) (B)(C) | 6.497 | 06-25-42 | 3,132,474 | $3,153,769 | |
Series 2022-R09, Class 2M1 (1 month SOFR + 2.500%) (B)(C) | 6.047 | 09-25-42 | 3,671,627 | 3,639,500 | |
Asset backed securities 1.8% | $32,913,164 | ||||
(Cost $33,773,357) | |||||
Asset backed securities 1.8% | 32,913,164 | ||||
DB Master Finance LLC | |||||
Series 2017-1A, Class A2II (B) | 4.030 | 11-20-47 | 1,876,425 | 1,697,926 | |
Series 2019-1A, Class A2II (B) | 4.021 | 05-20-49 | 1,760,850 | 1,626,841 | |
Domino’s Pizza Master Issuer LLC | |||||
Series 2015-1A, Class A2II (B) | 4.474 | 10-25-45 | 3,633,100 | 3,451,812 | |
FirstKey Homes Trust | |||||
Series 2020-SFR2, Class A (B) | 1.266 | 10-19-37 | 1,520,496 | 1,340,385 | |
Series 2022-SFR3, Class A (B) | 4.250 | 07-17-26 | 2,235,000 | 2,103,743 | |
MetroNet Infrastructure Issuer LLC | |||||
Series 2022-1A, Class A2 (B) | 6.350 | 10-20-52 | 3,265,000 | 3,114,192 | |
MVW LLC | |||||
Series 2022-2A, Class A (B) | 6.110 | 10-21-41 | 4,485,000 | 4,533,209 | |
MVW Owner Trust | |||||
Series 2018-1A, Class A (B) | 3.450 | 01-21-36 | 518,898 | 501,579 | |
OCCU Auto Receivables Trust | |||||
Series 2022-1A, Class A2 (B) | 5.420 | 03-15-26 | 4,970,000 | 4,958,941 | |
Taco Bell Funding LLC | |||||
Series 2016-1A, Class A23 (B) | 4.970 | 05-25-46 | 6,331,500 | 6,077,664 | |
T-Mobile US Trust | |||||
Series 2022-1A, Class A (B) | 4.910 | 05-22-28 | 3,520,000 | 3,506,872 | |
Shares | Value | ||||
Common stocks 0.0% | $0 | ||||
(Cost $3,485,551) | |||||
Communication services 0.0% | 0 | ||||
Media 0.0% | |||||
Vertis Holdings, Inc. (J)(K) | 300,118 | 0 | |||
Preferred securities 3.0% | $54,907,612 | ||||
(Cost $57,243,641) | |||||
Communication services 0.3% | 6,100,615 | ||||
Media 0.3% | |||||
2020 Cash Mandatory Exchangeable Trust, 5.250% (B) | 3,685 | 4,526,728 | |||
Paramount Global, 5.750% | 50,300 | 1,573,887 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 25 |
Shares | Value | ||||
Financials 0.8% | $14,326,652 | ||||
Banks 0.6% | |||||
U.S. Bancorp, 5.099% (Greater of 3 month LIBOR + 1.020% or 3.500%) (C) | 5,174 | 4,392,209 | |||
U.S. Bancorp, 5.500% | 135,700 | 3,243,230 | |||
Wells Fargo & Company, 5.850% (5.850% to 9-15-23, then 3 month LIBOR + 3.090%) | 165,630 | 3,845,929 | |||
Capital markets 0.2% | |||||
Stifel Financial Corp., 4.500% | 158,600 | 2,845,284 | |||
Health care 0.4% | 6,807,852 | ||||
Health care equipment and supplies 0.1% | |||||
Becton, Dickinson and Company, 6.000% | 44,500 | 2,197,410 | |||
Life sciences tools and services 0.3% | |||||
Danaher Corp., 5.000% | 3,290 | 4,610,442 | |||
Utilities 1.5% | 27,672,493 | ||||
Electric utilities 1.2% | |||||
American Electric Power Company, Inc., 6.125% | 77,550 | 4,096,191 | |||
NextEra Energy, Inc., 6.219% | 95,900 | 4,828,565 | |||
NextEra Energy, Inc., 6.926% | 255,000 | 12,474,600 | |||
Independent power and renewable electricityproducers 0.3% | |||||
The AES Corp., 6.875% | 61,100 | 6,273,137 | |||
Yield (%) | Shares | Value | |||
Short-term investments 3.7% | $68,719,915 | ||||
(Cost $68,711,321) | |||||
Short-term funds 3.7% | 68,719,915 | ||||
John Hancock Collateral Trust (L) | 3.8739(M) | 6,876,324 | 68,719,915 |
Total investments (Cost $2,096,642,192) 101.2% | $1,877,224,472 | ||||
Other assets and liabilities, net (1.2%) | (22,269,315) | ||||
Total net assets 100.0% | $1,854,955,157 |
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 |
26 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
IDR | Indonesian Rupiah |
INR | Indian Rupee |
JPY | Japanese Yen |
KRW | Korean Won |
MXN | Mexican Peso |
MYR | Malaysian Ringgit |
NOK | Norwegian Krone |
NZD | New Zealand Dollar |
PHP | Philippine Peso |
SGD | Singapore Dollar |
Security Abbreviations and Legend | |
CDOR | Canadian Dollar Offered Rate |
CME | Chicago Mercantile Exchange |
CMT | Constant Maturity Treasury |
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 |
TBA | To Be Announced. A forward mortgage-backed securities trade issued by a U.S. Government Agency, to be delivered at an agreed-upon future settlement date. |
(A) | Security purchased or sold on a when-issued or delayed delivery basis. |
(B) | 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 $571,350,996 or 30.8% of the fund’s net assets as of 11-30-22. |
(C) | Variable rate obligation. The coupon rate shown represents the rate at period end. |
(D) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
(E) | All or a portion of this security is on loan as of 11-30-22. |
(F) | 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. |
(G) | Term loans are variable rate obligations. The coupon rate shown represents the rate at period end. |
(H) | This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which is disclosed as TBD (To Be Determined). |
(I) | Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end. |
(J) | 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. |
(K) | Non-income producing security. |
(L) | Investment is an affiliate of the fund, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending. Cash collateral received for securities lending amounted to $946,342. |
(M) | The rate shown is the annualized seven-day yield as of 11-30-22. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 27 |
Open contracts | Number of contracts | Position | Expiration date | Notional basis^ | Notional value^ | Unrealized appreciation (depreciation) |
German Euro BUND Futures | 31 | Short | Dec 2022 | $(4,682,044) | $(4,544,592) | $137,452 |
U.S. Treasury Long Bond Futures | 12 | Short | Mar 2023 | (1,517,419) | (1,524,000) | (6,581) |
$130,871 |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
AUD | 15,981,080 | USD | 10,648,673 | GSI | 1/18/2023 | $220,388 | — |
BRL | 20,503,578 | USD | 3,763,947 | CITI | 1/18/2023 | 152,275 | — |
CAD | 19,881,997 | USD | 14,670,763 | BARC | 1/18/2023 | 121,092 | — |
CAD | 43,638,844 | USD | 31,987,370 | CIBC | 1/18/2023 | 479,160 | — |
CAD | 22,234,256 | USD | 16,223,469 | CITI | 1/18/2023 | 318,426 | — |
CAD | 14,006,725 | USD | 10,287,619 | GSI | 1/18/2023 | 133,137 | — |
CAD | 26,824,922 | USD | 19,602,222 | HUS | 1/18/2023 | 355,047 | — |
CAD | 37,574,674 | USD | 27,569,010 | JPM | 1/18/2023 | 385,884 | — |
CAD | 19,167,007 | USD | 13,822,355 | MSCS | 1/18/2023 | 437,560 | — |
CAD | 43,661,033 | USD | 31,893,697 | RBC | 1/18/2023 | 589,341 | — |
CAD | 27,045,704 | USD | 19,761,873 | SSB | 1/18/2023 | 359,654 | — |
CAD | 9,949,112 | USD | 7,335,382 | UBS | 1/18/2023 | 66,582 | — |
COP | 5,375,357,795 | USD | 1,112,450 | CITI | 1/18/2023 | — | $(8,068) |
EUR | 3,845,230 | NOK | 39,414,651 | HUS | 1/18/2023 | 7,684 | — |
EUR | 11,920,211 | NOK | 123,271,767 | JPM | 1/18/2023 | — | (86,680) |
EUR | 8,029,964 | USD | 7,827,681 | BARC | 1/18/2023 | 560,664 | — |
EUR | 25,175,000 | USD | 25,387,099 | CITI | 1/18/2023 | 911,472 | — |
EUR | 8,225,025 | USD | 8,598,443 | HUS | 1/18/2023 | — | (6,331) |
EUR | 6,401,920 | USD | 6,171,488 | JPM | 1/18/2023 | 516,152 | — |
EUR | 17,823,106 | USD | 17,846,091 | MSCS | 1/18/2023 | 772,467 | — |
EUR | 8,225,025 | USD | 8,616,438 | UBS | 1/18/2023 | — | (24,326) |
GBP | 599,893 | USD | 645,866 | MSCS | 1/18/2023 | 78,345 | — |
JPY | 729,219,780 | USD | 4,909,490 | ANZ | 1/18/2023 | 404,286 | — |
JPY | 707,239,793 | USD | 4,951,966 | GSI | 1/18/2023 | 201,643 | — |
JPY | 715,126,106 | USD | 4,909,490 | HUS | 1/18/2023 | 301,586 | — |
JPY | 321,825,325 | USD | 2,160,176 | MSCS | 1/18/2023 | 184,944 | — |
JPY | 720,299,433 | USD | 4,909,490 | SSB | 1/18/2023 | 339,284 | — |
MXN | 1,743,708 | USD | 89,046 | CIBC | 1/18/2023 | 596 | — |
MXN | 2,747,474 | USD | 135,943 | MSCS | 1/18/2023 | 5,301 | — |
NZD | 14,506,805 | USD | 8,825,635 | MSCS | 1/18/2023 | 321,926 | — |
SGD | 13,148,386 | USD | 9,553,882 | BARC | 1/18/2023 | 111,544 | — |
SGD | 6,612,539 | USD | 4,776,941 | CIBC | 1/18/2023 | 83,960 | — |
28 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
SGD | 6,586,733 | USD | 4,776,941 | CITI | 1/18/2023 | $64,990 | — |
SGD | 13,475,553 | USD | 9,514,685 | GSI | 1/18/2023 | 391,242 | — |
SGD | 19,774,575 | USD | 14,330,822 | JPM | 1/18/2023 | 205,539 | — |
SGD | 53,769,304 | USD | 37,957,457 | MSCS | 1/18/2023 | 1,568,547 | — |
SGD | 13,537,350 | USD | 9,514,685 | RBC | 1/18/2023 | 436,670 | — |
SGD | 20,119,158 | USD | 14,213,667 | SSB | 1/18/2023 | 575,998 | — |
USD | 37,065,510 | AUD | 54,586,049 | ANZ | 1/18/2023 | — | $(59,583) |
USD | 15,259,514 | AUD | 23,111,571 | MSCS | 1/18/2023 | — | (459,140) |
USD | 2,086,733 | AUD | 3,102,411 | SSB | 1/18/2023 | — | (23,280) |
USD | 18,952,612 | BRL | 99,962,750 | CITI | 1/18/2023 | — | (140,463) |
USD | 31,081,316 | CAD | 42,347,853 | CIBC | 1/18/2023 | — | (424,739) |
USD | 27,783,593 | CAD | 37,836,494 | CITI | 1/18/2023 | — | (366,090) |
USD | 16,372,984 | CAD | 22,362,646 | GSI | 1/18/2023 | — | (264,430) |
USD | 18,163,231 | CAD | 24,594,663 | HUS | 1/18/2023 | — | (134,764) |
USD | 16,350,049 | CAD | 22,259,165 | JPM | 1/18/2023 | — | (210,376) |
USD | 27,418,368 | CAD | 37,284,679 | MSCS | 1/18/2023 | — | (320,775) |
USD | 28,990,630 | CAD | 39,653,694 | RBC | 1/18/2023 | — | (511,019) |
USD | 23,425,988 | CAD | 31,779,915 | SSB | 1/18/2023 | — | (217,708) |
USD | 6,664,687 | CAD | 9,135,387 | UBS | 1/18/2023 | — | (131,880) |
USD | 7,758,262 | COP | 35,069,282,602 | CITI | 1/18/2023 | 553,182 | — |
USD | 16,945,304 | EUR | 16,783,333 | BOA | 1/18/2023 | — | (587,077) |
USD | 8,746,774 | EUR | 8,847,632 | CITI | 1/18/2023 | — | (495,732) |
USD | 50,971,900 | EUR | 50,424,692 | HUS | 1/18/2023 | — | (1,703,267) |
USD | 16,704,358 | EUR | 16,945,503 | JPM | 1/18/2023 | — | (997,430) |
USD | 16,412,709 | EUR | 16,434,969 | MSCS | 1/18/2023 | — | (755,760) |
USD | 8,654,166 | EUR | 8,225,025 | RBC | 1/18/2023 | 62,054 | — |
USD | 67,080,071 | EUR | 66,747,753 | UBS | 1/18/2023 | — | (2,646,663) |
USD | 29,329,653 | GBP | 25,361,615 | MSCS | 1/18/2023 | — | (1,287,761) |
USD | 12,546,281 | JPY | 1,784,935,809 | CIBC | 1/18/2023 | — | (460,426) |
USD | 9,907,905 | JPY | 1,430,278,534 | CITI | 1/18/2023 | — | (514,438) |
USD | 7,727,945 | JPY | 1,093,691,191 | JPM | 1/18/2023 | — | (241,709) |
USD | 4,955,939 | JPY | 722,759,228 | SSB | 1/18/2023 | — | (310,759) |
USD | 4,955,939 | JPY | 717,894,974 | UBS | 1/18/2023 | — | (275,314) |
USD | 1,009,477 | MXN | 19,822,537 | JPM | 1/18/2023 | — | (9,574) |
USD | 282,194 | MXN | 5,543,116 | MSCS | 1/18/2023 | — | (2,770) |
USD | 20,340,310 | MXN | 416,675,008 | RBC | 1/18/2023 | — | (1,080,422) |
USD | 538,487 | NOK | 5,803,092 | HUS | 1/18/2023 | — | (51,789) |
USD | 20,950,057 | NOK | 210,313,373 | MSCS | 1/18/2023 | — | (442,493) |
USD | 11,300,791 | NZD | 18,540,140 | CITI | 1/18/2023 | — | (390,072) |
USD | 6,123,755 | NZD | 10,273,722 | MSCS | 1/18/2023 | — | (354,550) |
USD | 12,833,500 | NZD | 21,334,586 | RBC | 1/18/2023 | — | (619,458) |
USD | 15,709,633 | NZD | 26,895,872 | UBS | 1/18/2023 | — | (1,250,108) |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 29 |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
USD | 9,451,192 | SGD | 13,395,930 | BARC | 1/18/2023 | — | $(396,205) |
USD | 18,957,919 | SGD | 26,807,180 | CIBC | 1/18/2023 | — | (748,135) |
USD | 7,555,474 | SGD | 10,804,918 | CITI | 1/18/2023 | — | (387,259) |
USD | 9,539,186 | SGD | 13,381,570 | GSI | 1/18/2023 | — | (297,654) |
USD | 36,147,684 | SGD | 51,450,682 | HUS | 1/18/2023 | — | (1,673,897) |
USD | 36,082,743 | SGD | 51,392,577 | JPM | 1/18/2023 | — | (1,696,125) |
USD | 9,508,992 | SGD | 13,501,371 | RBC | 1/18/2023 | — | (415,914) |
USD | 9,444,343 | SGD | 13,519,294 | SSB | 1/18/2023 | — | (493,738) |
USD | 9,573,933 | SGD | 13,457,982 | UBS | 1/18/2023 | — | (319,078) |
$12,278,622 | $(24,295,229) |
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 |
BOA | Bank of America, N.A. |
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 |
30 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $2,027,930,871) including $965,298 of securities loaned | $1,808,504,557 |
Affiliated investments, at value (Cost $68,711,321) | 68,719,915 |
Total investments, at value (Cost $2,096,642,192) | 1,877,224,472 |
Unrealized appreciation on forward foreign currency contracts | 12,278,622 |
Cash | 3,405,737 |
Foreign currency, at value (Cost $1,049,031) | 1,107,204 |
Collateral held at broker for futures contracts | 413,016 |
Collateral segregated at custodian for OTC derivative contracts | 10,940,000 |
Dividends and interest receivable | 16,958,909 |
Receivable for fund shares sold | 1,808,760 |
Receivable for investments sold | 18,494,238 |
Receivable for securities lending income | 8,832 |
Other assets | 270,093 |
Total assets | 1,942,909,883 |
Liabilities | |
Unrealized depreciation on forward foreign currency contracts | 24,295,229 |
Payable for futures variation margin | 14,252 |
Distributions payable | 231,557 |
Payable for investments purchased | 12,708,084 |
Payable for delayed delivery securities purchased | 46,958,620 |
Payable for fund shares repurchased | 2,392,033 |
Payable upon return of securities loaned | 984,860 |
Payable to affiliates | |
Accounting and legal services fees | 94,204 |
Transfer agent fees | 101,114 |
Distribution and service fees | 2,078 |
Trustees’ fees | 307 |
Other liabilities and accrued expenses | 172,388 |
Total liabilities | 87,954,726 |
Net assets | $1,854,955,157 |
Net assets consist of | |
Paid-in capital | $2,253,925,662 |
Total distributable earnings (loss) | (398,970,505) |
Net assets | $1,854,955,157 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Income Fund | 31 |
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 ($492,403,759 ÷ 85,907,725 shares)1 | $5.73 |
Class C ($15,418,706 ÷ 2,689,831 shares)1 | $5.73 |
Class I ($424,550,212 ÷ 74,213,023 shares) | $5.72 |
Class R2 ($8,906,974 ÷ 1,555,935 shares) | $5.72 |
Class R4 ($532,693 ÷ 92,960 shares) | $5.73 |
Class R5 ($5,439,376 ÷ 950,363 shares) | $5.72 |
Class R6 ($907,703,437 ÷ 158,483,612 shares) | $5.73 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 96%)2 | $5.97 |
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. |
32 | JOHN HANCOCK Income Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Investment income | |
Interest | $34,641,685 |
Dividends | 1,860,157 |
Dividends from affiliated investments | 472,115 |
Securities lending | 71,158 |
Other income | 387 |
Less foreign taxes withheld | (165,066) |
Total investment income | 36,880,436 |
Expenses | |
Investment management fees | 3,238,806 |
Distribution and service fees | 871,664 |
Accounting and legal services fees | 142,303 |
Transfer agent fees | 618,208 |
Trustees’ fees | 17,979 |
Custodian fees | 170,605 |
State registration fees | 72,158 |
Printing and postage | 57,671 |
Professional fees | 66,872 |
Other | 64,949 |
Total expenses | 5,321,215 |
Less expense reductions | (74,463) |
Net expenses | 5,246,752 |
Net investment income | 31,633,684 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | (59,581,461) |
Affiliated investments | (24,752) |
Futures contracts | 3,820,898 |
Forward foreign currency contracts | 25,350,408 |
(30,434,907) | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | (48,267,009) |
Affiliated investments | 21,740 |
Futures contracts | (1,028,930) |
Forward foreign currency contracts | (11,620,728) |
(60,894,927) | |
Net realized and unrealized loss | (91,329,834) |
Decrease in net assets from operations | $(59,696,150) |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Income Fund | 33 |
Six months ended 11-30-22 (unaudited) | Year ended 5-31-22 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $31,633,684 | $58,482,829 |
Net realized gain (loss) | (30,434,907) | 1,025,794 |
Change in net unrealized appreciation (depreciation) | (60,894,927) | (222,754,080) |
Decrease in net assets resulting from operations | (59,696,150) | (163,245,457) |
Distributions to shareholders | ||
From earnings | ||
Class A | (8,039,123) | (20,146,298) |
Class C | (216,528) | (676,955) |
Class I | (7,683,194) | (21,633,356) |
Class R2 | (149,792) | (392,598) |
Class R4 | (13,169) | (91,981) |
Class R5 | (108,018) | (308,144) |
Class R6 | (16,070,618) | (36,159,034) |
Total distributions | (32,280,442) | (79,408,366) |
From fund share transactions | (20,585,407) | 69,023,985 |
Total decrease | (112,561,999) | (173,629,838) |
Net assets | ||
Beginning of period | 1,967,517,156 | 2,141,146,994 |
End of period | $1,854,955,157 | $1,967,517,156 |
34 | JOHN HANCOCK Income Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS A SHARES Period ended | 11-30-221 | 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 | $6.01 | $6.73 | $6.39 | $6.28 | $6.25 | $6.47 |
Net investment income2 | 0.09 | 0.16 | 0.14 | 0.17 | 0.20 | 0.20 |
Net realized and unrealized gain (loss) on investments | (0.28) | (0.66) | 0.37 | 0.11 | 0.03 | (0.22) |
Total from investment operations | (0.19) | (0.50) | 0.51 | 0.28 | 0.23 | (0.02) |
Less distributions | ||||||
From net investment income | (0.09) | (0.22) | (0.17) | (0.17) | (0.20) | (0.20) |
Net asset value, end of period | $5.73 | $6.01 | $6.73 | $6.39 | $6.28 | $6.25 |
Total return (%)3,4 | (3.12)5 | (7.72) | 8.17 | 4.50 | 3.72 | (0.43) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $492 | $536 | $618 | $543 | $541 | $607 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.836 | 0.81 | 0.82 | 0.85 | 0.82 | 0.80 |
Expenses including reductions | 0.826 | 0.80 | 0.81 | 0.84 | 0.81 | 0.79 |
Net investment income | 3.116 | 2.46 | 2.14 | 2.64 | 3.17 | 3.03 |
Portfolio turnover (%) | 23 | 40 | 63 | 76 | 58 | 48 |
1 | Six months ended 11-30-22. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Not annualized. |
6 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Income Fund | 35 |
CLASS C SHARES Period ended | 11-30-221 | 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 | $6.01 | $6.73 | $6.39 | $6.28 | $6.25 | $6.47 |
Net investment income2 | 0.07 | 0.11 | 0.09 | 0.12 | 0.15 | 0.15 |
Net realized and unrealized gain (loss) on investments | (0.28) | (0.65) | 0.37 | 0.12 | 0.03 | (0.22) |
Total from investment operations | (0.21) | (0.54) | 0.46 | 0.24 | 0.18 | (0.07) |
Less distributions | ||||||
From net investment income | (0.07) | (0.18) | (0.12) | (0.13) | (0.15) | (0.15) |
Net asset value, end of period | $5.73 | $6.01 | $6.73 | $6.39 | $6.28 | $6.25 |
Total return (%)3,4 | (3.46)5 | (8.37) | 7.41 | 3.77 | 2.99 | (1.12) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $15 | $20 | $30 | $95 | $146 | $211 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 1.536 | 1.51 | 1.52 | 1.55 | 1.52 | 1.50 |
Expenses including reductions | 1.526 | 1.50 | 1.51 | 1.54 | 1.51 | 1.49 |
Net investment income | 2.406 | 1.75 | 1.39 | 1.94 | 2.48 | 2.32 |
Portfolio turnover (%) | 23 | 40 | 63 | 76 | 58 | 48 |
1 | Six months ended 11-30-22. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Does not reflect the effect of sales charges, if any. |
5 | Not annualized. |
6 | Annualized. |
36 | JOHN HANCOCK Income Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS I SHARES Period ended | 11-30-221 | 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 | $6.00 | $6.72 | $6.37 | $6.27 | $6.23 | $6.46 |
Net investment income2 | 0.10 | 0.18 | 0.16 | 0.19 | 0.21 | 0.21 |
Net realized and unrealized gain (loss) on investments | (0.28) | (0.66) | 0.38 | 0.10 | 0.04 | (0.23) |
Total from investment operations | (0.18) | (0.48) | 0.54 | 0.29 | 0.25 | (0.02) |
Less distributions | ||||||
From net investment income | (0.10) | (0.24) | (0.19) | (0.19) | (0.21) | (0.21) |
Net asset value, end of period | $5.72 | $6.00 | $6.72 | $6.37 | $6.27 | $6.23 |
Total return (%)3 | (2.98)4 | (7.32) | 8.51 | 4.65 | 4.18 | (0.29) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $425 | $480 | $602 | $530 | $595 | $837 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.535 | 0.51 | 0.52 | 0.55 | 0.54 | 0.50 |
Expenses including reductions | 0.525 | 0.50 | 0.51 | 0.54 | 0.53 | 0.49 |
Net investment income | 3.415 | 2.75 | 2.43 | 2.93 | 3.47 | 3.31 |
Portfolio turnover (%) | 23 | 40 | 63 | 76 | 58 | 48 |
1 | Six months ended 11-30-22. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Income Fund | 37 |
CLASS R2 SHARES Period ended | 11-30-221 | 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 | $6.00 | $6.72 | $6.38 | $6.27 | $6.24 | $6.46 |
Net investment income2 | 0.09 | 0.15 | 0.14 | 0.16 | 0.19 | 0.19 |
Net realized and unrealized gain (loss) on investments | (0.28) | (0.65) | 0.36 | 0.12 | 0.03 | (0.22) |
Total from investment operations | (0.19) | (0.50) | 0.50 | 0.28 | 0.22 | (0.03) |
Less distributions | ||||||
From net investment income | (0.09) | (0.22) | (0.16) | (0.17) | (0.19) | (0.19) |
Net asset value, end of period | $5.72 | $6.00 | $6.72 | $6.38 | $6.27 | $6.24 |
Total return (%)3 | (3.17)4 | (7.82) | 8.07 | 4.41 | 3.61 | (0.54) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $9 | $11 | $10 | $3 | $6 | $9 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.915 | 0.91 | 0.91 | 0.94 | 0.92 | 0.90 |
Expenses including reductions | 0.905 | 0.90 | 0.91 | 0.93 | 0.91 | 0.89 |
Net investment income | 3.025 | 2.36 | 2.09 | 2.57 | 3.07 | 2.92 |
Portfolio turnover (%) | 23 | 40 | 63 | 76 | 58 | 48 |
1 | Six months ended 11-30-22. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
38 | JOHN HANCOCK Income Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R4 SHARES Period ended | 11-30-221 | 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 | $6.01 | $6.73 | $6.39 | $6.28 | $6.25 | $6.47 |
Net investment income2 | 0.09 | 0.17 | 0.15 | 0.18 | 0.20 | 0.20 |
Net realized and unrealized gain (loss) on investments | (0.27) | (0.66) | 0.37 | 0.11 | 0.04 | (0.22) |
Total from investment operations | (0.18) | (0.49) | 0.52 | 0.29 | 0.24 | (0.02) |
Less distributions | ||||||
From net investment income | (0.10) | (0.23) | (0.18) | (0.18) | (0.21) | (0.20) |
Net asset value, end of period | $5.73 | $6.01 | $6.73 | $6.39 | $6.28 | $6.25 |
Total return (%)3 | (3.04)4 | (7.58) | 8.34 | 4.67 | 3.87 | (0.28) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $1 | $1 | $3 | $3 | $3 | $143 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.775 | 0.75 | 0.76 | 0.78 | 0.77 | 0.75 |
Expenses including reductions | 0.665 | 0.65 | 0.66 | 0.67 | 0.67 | 0.64 |
Net investment income | 3.225 | 2.56 | 2.29 | 2.80 | 3.30 | 3.18 |
Portfolio turnover (%) | 23 | 40 | 63 | 76 | 58 | 48 |
1 | Six months ended 11-30-22. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Income Fund | 39 |
CLASS R5 SHARES Period ended | 11-30-221 | 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 | $6.00 | $6.72 | $6.38 | $6.27 | $6.24 | $6.46 |
Net investment income2 | 0.10 | 0.18 | 0.17 | 0.19 | 0.22 | 0.22 |
Net realized and unrealized gain (loss) on investments | (0.28) | (0.66) | 0.36 | 0.11 | 0.03 | (0.22) |
Total from investment operations | (0.18) | (0.48) | 0.53 | 0.30 | 0.25 | — |
Less distributions | ||||||
From net investment income | (0.10) | (0.24) | (0.19) | (0.19) | (0.22) | (0.22) |
Net asset value, end of period | $5.72 | $6.00 | $6.72 | $6.38 | $6.27 | $6.24 |
Total return (%)3 | (2.95)4 | (7.41) | 8.57 | 4.88 | 4.08 | (0.09) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $5 | $6 | $10 | $7 | $7 | $17 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.475 | 0.46 | 0.46 | 0.49 | 0.47 | 0.45 |
Expenses including reductions | 0.465 | 0.45 | 0.45 | 0.48 | 0.47 | 0.44 |
Net investment income | 3.465 | 2.80 | 2.50 | 3.01 | 3.54 | 3.38 |
Portfolio turnover (%) | 23 | 40 | 63 | 76 | 58 | 48 |
1 | Six months ended 11-30-22. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
40 | JOHN HANCOCK Income Fund | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R6 SHARES Period ended | 11-30-221 | 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 | $6.01 | $6.73 | $6.38 | $6.27 | $6.24 | $6.46 |
Net investment income2 | 0.10 | 0.19 | 0.17 | 0.19 | 0.22 | 0.22 |
Net realized and unrealized gain (loss) on investments | (0.28) | (0.66) | 0.37 | 0.12 | 0.03 | (0.22) |
Total from investment operations | (0.18) | (0.47) | 0.54 | 0.31 | 0.25 | — |
Less distributions | ||||||
From net investment income | (0.10) | (0.25) | (0.19) | (0.20) | (0.22) | (0.22) |
Net asset value, end of period | $5.73 | $6.01 | $6.73 | $6.38 | $6.27 | $6.24 |
Total return (%)3 | (2.92)4 | (7.21) | 8.61 | 4.93 | 4.13 | (0.03) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $908 | $914 | $869 | $582 | $461 | $1,525 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 0.425 | 0.40 | 0.41 | 0.44 | 0.42 | 0.40 |
Expenses including reductions | 0.415 | 0.40 | 0.41 | 0.43 | 0.42 | 0.39 |
Net investment income | 3.535 | 2.86 | 2.54 | 3.04 | 3.58 | 3.45 |
Portfolio turnover (%) | 23 | 40 | 63 | 76 | 58 | 48 |
1 | Six months ended 11-30-22. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Not annualized. |
5 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK Income Fund | 41 |
42 | JOHN HANCOCK Income Fund | SEMIANNUAL REPORT |
Total value at 11-30-22 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
U.S. Government and Agency obligations | $265,084,621 | — | $265,084,621 | — |
Foreign government obligations | 435,156,725 | — | 435,156,725 | — |
Corporate bonds | 847,072,526 | — | 847,072,526 | — |
Convertible bonds | 38,354,267 | — | 38,354,267 | — |
Capital preferred securities | 3,343,277 | — | 3,343,277 | — |
Municipal bonds | 661,701 | — | 661,701 | — |
Term loans | 24,240,565 | — | 24,240,565 | — |
Collateralized mortgage obligations | 106,770,099 | — | 106,770,099 | — |
Asset backed securities | 32,913,164 | — | 32,913,164 | — |
Preferred securities | 54,907,612 | $50,380,884 | 4,526,728 | — |
Short-term investments | 68,719,915 | 68,719,915 | — | — |
Total investments in securities | $1,877,224,472 | $119,100,799 | $1,758,123,673 | — |
Derivatives: | ||||
Assets | ||||
Futures | $137,452 | $137,452 | — | — |
Forward foreign currency contracts | 12,278,622 | — | $12,278,622 | — |
Liabilities | ||||
Futures | (6,581) | (6,581) | — | — |
SEMIANNUAL REPORT | JOHN HANCOCK Income Fund | 43 |
Total value at 11-30-22 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Forward foreign currency contracts | $(24,295,229) | — | $(24,295,229) | — |
Level 3 includes securities valued at $0. Refer to Fund’s investments. |
44 | JOHN HANCOCK Income Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Income Fund | 45 |
46 | JOHN HANCOCK Income Fund | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Income Fund | 47 |
48 | JOHN HANCOCK Income Fund | SEMIANNUAL 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 | $137,452 | $(6,581) |
Currency | Unrealized appreciation (depreciation) on forward foreign currency contracts | Forward foreign currency contracts | 12,278,622 | (24,295,229) |
$12,416,074 | $(24,301,810) |
1 | Reflects cumulative appreciation/depreciation on open futures as disclosed in the Derivatives section of Fund’s investments. Only the period end variation margin receivable/payable is separately reported on the Statement of assets and liabilities. |
Statement of operations location - Net realized gain (loss) on: | |||
Risk | Futures contracts | Forward foreign currency contracts | Total |
Interest rate | $3,820,898 | — | $3,820,898 |
Currency | — | $25,350,408 | 25,350,408 |
Total | $3,820,898 | $25,350,408 | $29,171,306 |
Statement of operations location - Change in net unrealized appreciation (depreciation) of: | |||
Risk | Futures contracts | Forward foreign currency contracts | Total |
Interest rate | $(1,028,930) | — | $(1,028,930) |
Currency | — | $(11,620,728) | (11,620,728) |
Total | $(1,028,930) | $(11,620,728) | $(12,649,658) |
SEMIANNUAL REPORT | JOHN HANCOCK Income Fund | 49 |
Class | Expense reduction |
Class A | $19,943 |
Class C | 688 |
Class I | 17,420 |
Class R2 | 382 |
Class | Expense reduction |
Class R4 | $31 |
Class R5 | 241 |
Class R6 | 35,360 |
Total | $74,065 |
50 | JOHN HANCOCK Income Fund | SEMIANNUAL REPORT |
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% |
Class | Distribution and service fees | Transfer agent fees |
Class A | $757,476 | $300,491 |
Class C | 87,382 | 10,404 |
Class I | — | 262,803 |
Class R2 | 23,885 | 473 |
Class R4 | 1,391 | 39 |
Class R5 | 1,530 | 298 |
Class R6 | — | 43,700 |
Total | $871,664 | $618,208 |
SEMIANNUAL REPORT | JOHN HANCOCK Income Fund | 51 |
Six Months Ended 11-30-22 | Year Ended 5-31-22 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 4,421,758 | $25,374,499 | 10,888,059 | $70,564,280 |
Distributions reinvested | 1,283,895 | 7,358,477 | 2,845,510 | 18,370,644 |
Repurchased | (8,972,817) | (51,492,274) | (16,294,627) | (105,139,907) |
Net decrease | (3,267,164) | $(18,759,298) | (2,561,058) | $(16,204,983) |
Class C shares | ||||
Sold | 156,707 | $887,948 | 248,134 | $1,601,313 |
Distributions reinvested | 37,095 | 212,717 | 100,802 | 652,389 |
Repurchased | (819,533) | (4,686,985) | (1,517,538) | (9,857,066) |
Net decrease | (625,731) | $(3,586,320) | (1,168,602) | $(7,603,364) |
Class I shares | ||||
Sold | 6,997,152 | $40,467,850 | 19,889,419 | $129,467,798 |
Distributions reinvested | 1,264,390 | 7,234,140 | 3,165,061 | 20,422,236 |
Repurchased | (13,983,456) | (80,266,176) | (32,639,786) | (207,939,835) |
Net decrease | (5,721,914) | $(32,564,186) | (9,585,306) | $(58,049,801) |
Class R2 shares | ||||
Sold | 78,220 | $450,804 | 749,798 | $4,939,912 |
Distributions reinvested | 25,923 | 148,565 | 60,519 | 389,801 |
Repurchased | (344,079) | (1,999,729) | (506,055) | (3,236,222) |
Net increase (decrease) | (239,936) | $(1,400,360) | 304,262 | $2,093,491 |
Class R4 shares | ||||
Sold | 5,037 | $29,200 | 74,599 | $494,767 |
Distributions reinvested | 2,275 | 13,091 | 14,055 | 91,974 |
Repurchased | (111,152) | (644,180) | (398,627) | (2,621,887) |
Net decrease | (103,840) | $(601,889) | (309,973) | $(2,035,146) |
Class R5 shares | ||||
Sold | 138,281 | $800,174 | 151,205 | $983,972 |
Distributions reinvested | 18,859 | 107,981 | 47,262 | 306,057 |
Repurchased | (254,208) | (1,435,875) | (593,752) | (3,869,997) |
Net decrease | (97,068) | $(527,720) | (395,285) | $(2,579,968) |
52 | JOHN HANCOCK Income Fund | SEMIANNUAL REPORT |
Six Months Ended 11-30-22 | Year Ended 5-31-22 | |||
Shares | Amount | Shares | Amount | |
Class R6 shares | ||||
Sold | 16,319,103 | $93,633,953 | 44,634,766 | $292,649,550 |
Distributions reinvested | 2,765,337 | 15,842,271 | 5,490,566 | 35,363,966 |
Repurchased | (12,704,764) | (72,621,858) | (27,119,635) | (174,609,760) |
Net increase | 6,379,676 | $36,854,366 | 23,005,697 | $153,403,756 |
Total net increase (decrease) | (3,675,977) | $(20,585,407) | 9,289,735 | $69,023,985 |
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* | 6,876,324 | $19,764,780 | $269,881,931 | $(220,923,784) | $(24,752) | $21,740 | $543,273 | — | $68,719,915 |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
SEMIANNUAL REPORT | JOHN HANCOCK Income Fund | 53 |
54 | JOHN HANCOCK Income Fund | SEMIANNUAL REPORT |
Total votes for the nominee | Total votes withheld from the nominee | |
Independent Trustees | ||
James R. Boyle | 177,164,340.014 | 3,716,147.788 |
Noni L. Ellison | 177,128,347.574 | 3,752,140.228 |
Dean C. Garfield | 177,036,851.380 | 3,843,636.422 |
Patricia Lizarraga | 177,237,883.950 | 3,642,603.852 |
Frances G. Rathke | 177,205,849.291 | 3,674,638.511 |
Non-Independent Trustees | ||
Andrew G. Arnott | 177,118,200.389 | 3,762,287.413 |
Marianne Harrison | 177,285,876.701 | 3,594,611.101 |
Paul Lorentz | 177,166,810.586 | 3,713,677.216 |
SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 55 |
56 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT |
(a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
(b) | the background, qualifications and skills of the Advisor’s personnel; |
(c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 57 |
(d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
(e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
(f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
(g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
(a) | reviewed information prepared by management regarding the fund’s performance; |
(b) | considered the comparative performance of an applicable benchmark index; |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
(d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
58 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT |
(a) | reviewed financial information of the Advisor; |
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
(d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
(f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
(g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
(h) | noted that the fund’s Subadvisor is an affiliate of the Advisor; |
(i) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
(j) | noted that the subadvisory fee for the fund is paid by the Advisor; |
SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 59 |
(k) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
(l) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
(a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; |
(b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
(c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
(1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
(2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; and |
(3) | the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third-party provider of fund data. |
60 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT |
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
(2) | the performance of the fund has generally been in line with or outperformed the historical performance of its benchmark index; |
(3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
(4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 61 |
62 | JOHN HANCOCK INCOME FUND | SEMIANNUAL REPORT |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
James R. Boyle
Peter S. Burgess*,#
William H. Cunningham*
Grace K. Fey
Noni L. Ellison^
Dean C. Garfield^
Marianne Harrison†
Deborah C. Jackson
Patricia Lizarraga*,^
Paul Lorentz‡
Frances G. Rathke*
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Thomas C. Goggins
Daniel S. Janis III§
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 |
SEMIANNUAL REPORT | JOHN HANCOCK INCOME FUND | 63 |
GOVERNANCE FUNDS
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we do. It’s why we support the role of professional financial advice
and operate with the highest standards of conduct and integrity.
We search the world to find proven portfolio teams with specialized
expertise for every strategy we offer, then we apply robust investment
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MF2630377 | 91SA 11/22 |
Manulife Investment Management
John Hancock Investment Management
Head of Wealth and Asset Management,
United States and Europe
SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 1 |
COUNTRY COMPOSITION AS OF 11/30/2022 (% of net assets) | |
United States | 81.0 |
Ireland | 4.6 |
Norway | 2.6 |
Canada | 2.0 |
Japan | 1.8 |
United Kingdom | 1.7 |
France | 1.7 |
Netherlands | 1.0 |
Other countries | 3.6 |
TOTAL | 100.0 |
2 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT |
COUNTRY COMPOSITION AS OF 11/30/2022 (% of net assets) | |
United States | 77.7 |
Canada | 5.0 |
Mexico | 3.2 |
Luxembourg | 3.1 |
United Kingdom | 2.2 |
Ireland | 1.9 |
Brazil | 1.6 |
Israel | 1.5 |
Netherlands | 1.1 |
Other countries | 2.7 |
TOTAL | 100.0 |
SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 3 |
4 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT |
Account value on 6-1-2022 | Ending value on 11-30-2022 | Expenses paid during period ended 11-30-20221 | Annualized expense ratio | ||
Managed Account Shares Investment-Grade Corporate Bond Portfolio | |||||
Actual expenses/actual returns | $1,000.00 | $969.90 | $0.00 | 0.00% | |
Hypothetical example | 1,000.00 | 1,025.10 | 0.00 | 0.00% | |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | |||||
Actual expenses/actual returns | $1,000.00 | $965.90 | $0.00 | 0.00% | |
Hypothetical example | 1,000.00 | 1,025.10 | 0.00 | 0.00% | |
Managed Account Shares Securitized Debt Portfolio | |||||
Actual expenses/actual returns | $1,000.00 | $973.60 | $0.00 | 0.00% | |
Hypothetical example | 1,000.00 | 1,025.10 | 0.00 | 0.00% |
1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period). |
SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 5 |
Rate (%) | Maturity date | Par value^ | Value | ||
Corporate bonds 96.2% | $61,033,533 | ||||
(Cost $65,781,719) | |||||
Communication services 3.8% | 2,427,091 | ||||
Diversified telecommunication services 0.3% | |||||
Level 3 Financing, Inc. (A) | 3.400 | 03-01-27 | 25,000 | 21,330 | |
Telefonica Emisiones SA | 5.213 | 03-08-47 | 187,000 | 152,796 | |
Media 2.9% | |||||
Charter Communications Operating LLC | 3.900 | 06-01-52 | 231,000 | 153,430 | |
Charter Communications Operating LLC | 4.200 | 03-15-28 | 480,000 | 446,493 | |
Charter Communications Operating LLC | 4.800 | 03-01-50 | 258,000 | 193,577 | |
Charter Communications Operating LLC | 5.750 | 04-01-48 | 682,000 | 586,720 | |
Charter Communications Operating LLC | 6.484 | 10-23-45 | 515,000 | 485,165 | |
Wireless telecommunication services 0.6% | |||||
T-Mobile USA, Inc. | 3.875 | 04-15-30 | 422,000 | 387,580 | |
Consumer discretionary 12.1% | 7,703,537 | ||||
Automobiles 4.8% | |||||
General Motors Company | 4.200 | 10-01-27 | 300,000 | 285,526 | |
General Motors Company | 5.400 | 10-15-29 | 239,000 | 230,631 | |
General Motors Financial Company, Inc. | 2.400 | 10-15-28 | 813,000 | 677,531 | |
General Motors Financial Company, Inc. | 3.600 | 06-21-30 | 1,023,000 | 877,373 | |
Hyundai Capital America (A) | 2.375 | 10-15-27 | 411,000 | 348,510 | |
Nissan Motor Acceptance Company LLC (A) | 1.125 | 09-16-24 | 415,000 | 375,758 | |
Nissan Motor Company, Ltd. (A) | 4.810 | 09-17-30 | 258,000 | 223,997 | |
Hotels, restaurants and leisure 5.1% | |||||
Choice Hotels International, Inc. | 3.700 | 12-01-29 | 288,000 | 251,969 | |
Choice Hotels International, Inc. | 3.700 | 01-15-31 | 393,000 | 336,826 | |
Expedia Group, Inc. | 2.950 | 03-15-31 | 374,000 | 304,049 | |
Expedia Group, Inc. | 3.800 | 02-15-28 | 826,000 | 765,546 | |
Expedia Group, Inc. | 4.625 | 08-01-27 | 419,000 | 404,673 | |
Expedia Group, Inc. | 5.000 | 02-15-26 | 360,000 | 358,872 | |
Marriott International, Inc. | 4.625 | 06-15-30 | 231,000 | 216,926 | |
Marriott International, Inc. | 4.650 | 12-01-28 | 633,000 | 604,766 | |
Internet and direct marketing retail 0.5% | |||||
eBay, Inc. | 2.700 | 03-11-30 | 386,000 | 328,841 | |
Multiline retail 0.9% | |||||
Dollar Tree, Inc. | 4.200 | 05-15-28 | 620,000 | 592,152 | |
Specialty retail 0.8% | |||||
AutoNation, Inc. | 4.750 | 06-01-30 | 577,000 | 519,591 | |
Consumer staples 4.7% | 2,966,682 | ||||
Beverages 0.9% | |||||
Anheuser-Busch Companies LLC | 4.900 | 02-01-46 | 121,000 | 113,193 | |
Anheuser-Busch InBev Worldwide, Inc. | 4.600 | 04-15-48 | 488,000 | 443,355 | |
Food products 3.8% | |||||
JBS USA LUX SA (A) | 3.625 | 01-15-32 | 723,000 | 596,475 | |
JBS USA LUX SA (A) | 5.125 | 02-01-28 | 244,000 | 232,674 | |
JBS USA LUX SA (A) | 5.750 | 04-01-33 | 670,000 | 649,049 | |
Kraft Heinz Foods Company | 4.375 | 06-01-46 | 508,000 | 428,174 | |
Kraft Heinz Foods Company | 5.000 | 06-04-42 | 404,000 | 378,485 | |
Kraft Heinz Foods Company | 5.500 | 06-01-50 | 127,000 | 125,277 | |
Energy 13.9% | 8,797,064 | ||||
Oil, gas and consumable fuels 13.9% | |||||
Aker BP ASA (A) | 3.000 | 01-15-25 | 150,000 | 141,925 |
6 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Energy (continued) | |||||
Oil, gas and consumable fuels (continued) | |||||
Aker BP ASA (A) | 3.100 | 07-15-31 | 729,000 | $600,730 | |
Aker BP ASA (A) | 3.750 | 01-15-30 | 171,000 | 151,546 | |
Aker BP ASA (A) | 4.000 | 01-15-31 | 171,000 | 151,872 | |
Continental Resources, Inc. | 4.900 | 06-01-44 | 283,000 | 213,133 | |
Diamondback Energy, Inc. | 3.125 | 03-24-31 | 425,000 | 357,654 | |
Enbridge, Inc. (5.500% to 7-15-27, then 3 month LIBOR + 3.418%) | 5.500 | 07-15-77 | 526,000 | 461,252 | |
Enbridge, Inc. (5.750% to 4-15-30, then 5 Year CMT + 5.314%) | 5.750 | 07-15-80 | 440,000 | 391,257 | |
Enbridge, Inc. (6.250% to 3-1-28, then 3 month LIBOR + 3.641%) | 6.250 | 03-01-78 | 291,000 | 263,885 | |
Energy Transfer LP | 4.200 | 04-15-27 | 95,000 | 89,880 | |
Energy Transfer LP | 5.150 | 03-15-45 | 193,000 | 164,856 | |
Energy Transfer LP | 5.250 | 04-15-29 | 1,053,000 | 1,024,390 | |
Energy Transfer LP | 5.400 | 10-01-47 | 272,000 | 234,567 | |
Energy Transfer LP | 5.500 | 06-01-27 | 370,000 | 369,344 | |
Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month LIBOR + 3.033%) | 5.250 | 08-16-77 | 274,000 | 222,465 | |
EQT Corp. | 7.000 | 02-01-30 | 113,000 | 118,883 | |
Kinder Morgan Energy Partners LP | 7.750 | 03-15-32 | 287,000 | 321,872 | |
MPLX LP | 4.000 | 03-15-28 | 301,000 | 281,773 | |
MPLX LP | 4.125 | 03-01-27 | 15,000 | 14,317 | |
MPLX LP | 4.250 | 12-01-27 | 313,000 | 298,581 | |
MPLX LP | 4.950 | 09-01-32 | 118,000 | 111,691 | |
Ovintiv, Inc. | 7.200 | 11-01-31 | 27,000 | 28,850 | |
Sabine Pass Liquefaction LLC | 4.200 | 03-15-28 | 96,000 | 90,635 | |
Sabine Pass Liquefaction LLC | 4.500 | 05-15-30 | 579,000 | 547,084 | |
Sabine Pass Liquefaction LLC | 5.000 | 03-15-27 | 257,000 | 253,682 | |
Targa Resources Corp. | 4.950 | 04-15-52 | 610,000 | 495,825 | |
Targa Resources Partners LP | 4.000 | 01-15-32 | 254,000 | 217,827 | |
The Williams Companies, Inc. | 3.750 | 06-15-27 | 285,000 | 269,584 | |
The Williams Companies, Inc. | 4.650 | 08-15-32 | 167,000 | 158,189 | |
TransCanada PipeLines, Ltd. | 4.250 | 05-15-28 | 166,000 | 158,603 | |
Var Energi ASA (A) | 8.000 | 11-15-32 | 565,000 | 590,912 | |
Financials 17.1% | 10,887,395 | ||||
Banks 7.0% | |||||
Banco Santander SA | 4.379 | 04-12-28 | 250,000 | 232,075 | |
Bank of America Corp. (3.846% to 3-8-32, then 5 Year CMT + 2.000%) | 3.846 | 03-08-37 | 221,000 | 187,192 | |
Bank of America Corp. (4.271% to 7-23-28, then 3 month LIBOR + 1.310%) | 4.271 | 07-23-29 | 112,000 | 105,430 | |
Bank of America Corp. (6.300% to 3-10-26, then 3 month LIBOR + 4.553%) (B) | 6.300 | 03-10-26 | 59,000 | 58,469 | |
BNP Paribas SA (9.250% to 11-17-27, then 5 Year CMT + 4.969%) (A)(B) | 9.250 | 11-17-27 | 285,000 | 295,688 | |
Citigroup, Inc. (2.561% to 5-1-31, then SOFR + 1.167%) | 2.561 | 05-01-32 | 108,000 | 86,374 | |
Citizens Financial Group, Inc. | 3.250 | 04-30-30 | 129,000 | 113,489 | |
Credit Agricole SA (A) | 2.811 | 01-11-41 | 286,000 | 177,100 | |
Credit Agricole SA (A) | 3.250 | 01-14-30 | 409,000 | 335,709 | |
JPMorgan Chase & Co. (4.600% to 2-1-25, then SOFR + 3.125%) (B) | 4.600 | 02-01-25 | 86,000 | 76,325 | |
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) (B) | 6.750 | 02-01-24 | 156,000 | 154,680 | |
Lloyds Banking Group PLC | 4.450 | 05-08-25 | 229,000 | 223,902 | |
NatWest Group PLC (3.754% to 11-1-24, then 5 Year CMT + 2.100%) | 3.754 | 11-01-29 | 230,000 | 212,609 | |
Santander Holdings USA, Inc. (2.490% to 1-6-27, then SOFR + 1.249%) | 2.490 | 01-06-28 | 164,000 | 142,320 | |
Santander Holdings USA, Inc. | 3.244 | 10-05-26 | 458,000 | 420,865 | |
Santander Holdings USA, Inc. | 3.450 | 06-02-25 | 315,000 | 299,640 | |
Santander Holdings USA, Inc. | 4.400 | 07-13-27 | 255,000 | 244,768 | |
Societe Generale SA (6.221% to 6-15-32, then 1 Year CMT + 3.200%) (A) | 6.221 | 06-15-33 | 320,000 | 297,600 | |
The PNC Financial Services Group, Inc. (3.400% to 9-15-26, then 5 Year CMT + 2.595%) (B) | 3.400 | 09-15-26 | 216,000 | 166,213 | |
The PNC Financial Services Group, Inc. (4.850% to 6-1-23, then 3 month LIBOR + 3.040%) (B) | 4.850 | 06-01-23 | 47,000 | 44,388 | |
The PNC Financial Services Group, Inc. (3 month LIBOR + 3.678%) (B)(C) | 8.118 | 02-01-23 | 58,000 | 57,998 | |
Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) (B) | 5.875 | 06-15-25 | 554,000 | 542,311 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 7 |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Capital markets 4.3% | |||||
Ares Capital Corp. | 2.150 | 07-15-26 | 602,000 | $513,326 | |
Ares Capital Corp. | 2.875 | 06-15-28 | 129,000 | 105,971 | |
Ares Capital Corp. | 3.875 | 01-15-26 | 311,000 | 285,982 | |
Ares Capital Corp. | 4.200 | 06-10-24 | 40,000 | 38,777 | |
Blackstone Private Credit Fund | 2.350 | 11-22-24 | 170,000 | 156,681 | |
Blackstone Private Credit Fund | 2.700 | 01-15-25 | 134,000 | 124,632 | |
Blackstone Private Credit Fund | 3.250 | 03-15-27 | 35,000 | 30,162 | |
Blackstone Private Credit Fund | 4.000 | 01-15-29 | 458,000 | 389,156 | |
Deutsche Bank AG (2.311% to 11-16-26, then SOFR + 1.219%) | 2.311 | 11-16-27 | 230,000 | 192,120 | |
Deutsche Bank AG (2.552% to 1-7-27, then SOFR + 1.318%) | 2.552 | 01-07-28 | 297,000 | 249,343 | |
Lazard Group LLC | 4.375 | 03-11-29 | 32,000 | 29,818 | |
Macquarie Bank, Ltd. (A) | 3.624 | 06-03-30 | 229,000 | 185,409 | |
Morgan Stanley (2.239% to 7-21-31, then SOFR + 1.178%) | 2.239 | 07-21-32 | 105,000 | 81,885 | |
Morgan Stanley (2.484% to 9-16-31, then SOFR + 1.360%) | 2.484 | 09-16-36 | 249,000 | 185,116 | |
The Goldman Sachs Group, Inc. (2.650% to 10-21-31, then SOFR + 1.264%) | 2.650 | 10-21-32 | 212,000 | 170,259 | |
Consumer finance 0.7% | |||||
Capital One Financial Corp. (1.343% to 12-6-23, then SOFR + 0.690%) | 1.343 | 12-06-24 | 185,000 | 176,511 | |
Discover Financial Services | 4.100 | 02-09-27 | 280,000 | 263,083 | |
Insurance 5.1% | |||||
Athene Holding, Ltd. | 3.500 | 01-15-31 | 643,000 | 527,630 | |
CNO Financial Group, Inc. | 5.250 | 05-30-29 | 653,000 | 622,493 | |
Liberty Mutual Group, Inc. (A) | 5.500 | 06-15-52 | 420,000 | 378,121 | |
MetLife, Inc. (6.400% to 12-15-36, then 3 month LIBOR + 2.205%) | 6.400 | 12-15-36 | 575,000 | 541,549 | |
New York Life Insurance Company (A) | 3.750 | 05-15-50 | 26,000 | 19,946 | |
Nippon Life Insurance Company (2.750% to 1-21-31, then 5 Year CMT + 2.653%) (A) | 2.750 | 01-21-51 | 867,000 | 666,971 | |
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 | 228,000 | 221,105 | |
Prudential Financial, Inc. (5.125% to 11-28-31, then 5 Year CMT + 3.162%) | 5.125 | 03-01-52 | 113,000 | 96,604 | |
SBL Holdings, Inc. (A) | 5.000 | 02-18-31 | 120,000 | 93,885 | |
Teachers Insurance & Annuity Association of America (A) | 4.270 | 05-15-47 | 78,000 | 65,715 | |
Health care 7.1% | 4,494,919 | ||||
Health care providers and services 5.8% | |||||
AmerisourceBergen Corp. | 2.800 | 05-15-30 | 418,000 | 356,030 | |
CVS Health Corp. | 3.750 | 04-01-30 | 524,000 | 484,157 | |
CVS Health Corp. | 4.300 | 03-25-28 | 250,000 | 243,029 | |
CVS Health Corp. | 5.050 | 03-25-48 | 378,000 | 351,032 | |
Fresenius Medical Care US Finance III, Inc. (A) | 2.375 | 02-16-31 | 662,000 | 494,299 | |
Fresenius Medical Care US Finance III, Inc. (A) | 3.750 | 06-15-29 | 633,000 | 539,893 | |
HCA, Inc. | 4.125 | 06-15-29 | 654,000 | 597,664 | |
Universal Health Services, Inc. (A) | 1.650 | 09-01-26 | 345,000 | 296,115 | |
Universal Health Services, Inc. (A) | 2.650 | 10-15-30 | 409,000 | 326,991 | |
Pharmaceuticals 1.3% | |||||
Royalty Pharma PLC | 1.750 | 09-02-27 | 29,000 | 24,578 | |
Viatris, Inc. | 2.300 | 06-22-27 | 515,000 | 442,928 | |
Viatris, Inc. | 2.700 | 06-22-30 | 318,000 | 253,652 | |
Viatris, Inc. | 4.000 | 06-22-50 | 130,000 | 84,551 | |
Industrials 18.7% | 11,841,735 | ||||
Aerospace and defense 4.1% | |||||
DAE Funding LLC (A) | 3.375 | 03-20-28 | 686,000 | 597,865 | |
Huntington Ingalls Industries, Inc. | 4.200 | 05-01-30 | 464,000 | 426,077 | |
The Boeing Company | 3.200 | 03-01-29 | 116,000 | 101,991 | |
The Boeing Company | 5.040 | 05-01-27 | 615,000 | 609,033 | |
The Boeing Company | 5.150 | 05-01-30 | 922,000 | 899,532 | |
Airlines 5.9% | |||||
American Airlines 2016-1 Class AA Pass Through Trust | 3.575 | 01-15-28 | 203,598 | 182,247 |
8 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Airlines (continued) | |||||
American Airlines 2017-1 Class AA Pass Through Trust | 3.650 | 02-15-29 | 121,069 | $106,530 | |
American Airlines 2017-2 Class A Pass Through Trust | 3.600 | 10-15-29 | 37,822 | 28,416 | |
American Airlines 2019-1 Class A Pass Through Trust | 3.500 | 02-15-32 | 18,153 | 13,161 | |
American Airlines 2019-1 Class AA Pass Through Trust | 3.150 | 02-15-32 | 515,200 | 422,528 | |
American Airlines 2021-1 Class A Pass Through Trust | 2.875 | 07-11-34 | 306,000 | 238,687 | |
British Airways 2020-1 Class A Pass Through Trust (A) | 4.250 | 11-15-32 | 298,147 | 266,908 | |
British Airways 2020-1 Class B Pass Through Trust (A) | 8.375 | 11-15-28 | 192,530 | 188,219 | |
Delta Air Lines, Inc. (A) | 4.750 | 10-20-28 | 433,000 | 410,441 | |
JetBlue 2019-1 Class AA Pass Through Trust | 2.750 | 05-15-32 | 779,291 | 648,540 | |
United Airlines 2014-2 Class A Pass Through Trust | 3.750 | 09-03-26 | 313,086 | 284,909 | |
United Airlines 2016-1 Class A Pass Through Trust | 3.450 | 07-07-28 | 125,886 | 99,478 | |
United Airlines 2019-1 Class A Pass Through Trust | 4.550 | 08-25-31 | 276,357 | 226,699 | |
United Airlines 2020-1 Class A Pass Through Trust | 5.875 | 10-15-27 | 444,195 | 432,487 | |
United Airlines 2020-1 Class B Pass Through Trust | 4.875 | 01-15-26 | 44,958 | 42,138 | |
US Airways 2010-1 Class A Pass Through Trust | 6.250 | 04-22-23 | 12,878 | 12,831 | |
US Airways 2012-1 Class A Pass Through Trust | 5.900 | 10-01-24 | 116,402 | 111,818 | |
Building products 0.9% | |||||
Owens Corning | 3.950 | 08-15-29 | 603,000 | 553,870 | |
Professional services 1.0% | |||||
CoStar Group, Inc. (A) | 2.800 | 07-15-30 | 773,000 | 635,659 | |
Trading companies and distributors 6.5% | |||||
AerCap Ireland Capital DAC | 1.650 | 10-29-24 | 10,000 | 9,202 | |
AerCap Ireland Capital DAC | 1.750 | 01-30-26 | 491,000 | 433,191 | |
AerCap Ireland Capital DAC | 2.450 | 10-29-26 | 1,779,000 | 1,564,263 | |
AerCap Ireland Capital DAC | 2.875 | 08-14-24 | 570,000 | 539,496 | |
Air Lease Corp. | 2.100 | 09-01-28 | 207,000 | 167,859 | |
Air Lease Corp. | 2.875 | 01-15-26 | 43,000 | 39,610 | |
Air Lease Corp. | 3.625 | 12-01-27 | 22,000 | 19,708 | |
Ashtead Capital, Inc. (A) | 1.500 | 08-12-26 | 231,000 | 197,797 | |
Ashtead Capital, Inc. (A) | 4.250 | 11-01-29 | 469,000 | 424,566 | |
Ashtead Capital, Inc. (A) | 5.500 | 08-11-32 | 385,000 | 369,029 | |
SMBC Aviation Capital Finance DAC (A) | 2.300 | 06-15-28 | 449,000 | 366,176 | |
Transportation infrastructure 0.3% | |||||
Adani Ports & Special Economic Zone, Ltd. (A) | 3.100 | 02-02-31 | 229,000 | 170,774 | |
Information technology 8.9% | 5,632,516 | ||||
Communications equipment 0.9% | |||||
Motorola Solutions, Inc. | 2.300 | 11-15-30 | 175,000 | 137,996 | |
Motorola Solutions, Inc. | 2.750 | 05-24-31 | 184,000 | 148,476 | |
Motorola Solutions, Inc. | 4.600 | 05-23-29 | 305,000 | 290,201 | |
IT services 0.3% | |||||
VeriSign, Inc. | 2.700 | 06-15-31 | 200,000 | 163,926 | |
Semiconductors and semiconductor equipment 5.0% | |||||
Broadcom, Inc. (A) | 3.419 | 04-15-33 | 251,000 | 203,945 | |
Broadcom, Inc. | 4.750 | 04-15-29 | 666,000 | 637,847 | |
Broadcom, Inc. (A) | 4.926 | 05-15-37 | 215,000 | 188,661 | |
Micron Technology, Inc. | 4.185 | 02-15-27 | 588,000 | 562,159 | |
Micron Technology, Inc. | 5.327 | 02-06-29 | 1,217,000 | 1,182,965 | |
NXP BV | 3.875 | 06-18-26 | 296,000 | 281,231 | |
Qorvo, Inc. (A) | 3.375 | 04-01-31 | 141,000 | 113,048 | |
Software 1.5% | |||||
Oracle Corp. | 2.950 | 04-01-30 | 151,000 | 129,587 | |
Oracle Corp. | 6.900 | 11-09-52 | 555,000 | 614,704 | |
VMware, Inc. | 4.700 | 05-15-30 | 225,000 | 211,274 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 9 |
Rate (%) | Maturity date | Par value^ | Value | ||
Information technology (continued) | |||||
Technology hardware, storage and peripherals 1.2% | |||||
CDW LLC | 3.569 | 12-01-31 | 203,000 | $167,489 | |
Dell International LLC | 4.900 | 10-01-26 | 269,000 | 266,040 | |
Dell International LLC | 5.300 | 10-01-29 | 147,000 | 145,409 | |
Western Digital Corp. | 4.750 | 02-15-26 | 199,000 | 187,558 | |
Materials 2.4% | 1,503,464 | ||||
Chemicals 0.6% | |||||
Braskem Netherlands Finance BV (A) | 5.875 | 01-31-50 | 458,000 | 358,351 | |
Metals and mining 1.8% | |||||
Anglo American Capital PLC (A) | 4.750 | 04-10-27 | 229,000 | 220,113 | |
Freeport-McMoRan, Inc. | 4.250 | 03-01-30 | 289,000 | 257,388 | |
Freeport-McMoRan, Inc. | 4.625 | 08-01-30 | 288,000 | 263,068 | |
Freeport-McMoRan, Inc. | 5.450 | 03-15-43 | 231,000 | 207,105 | |
Newmont Corp. | 2.800 | 10-01-29 | 230,000 | 197,439 | |
Real estate 5.0% | 3,199,770 | ||||
Equity real estate investment trusts 5.0% | |||||
American Homes 4 Rent LP | 4.250 | 02-15-28 | 297,000 | 276,743 | |
American Tower Corp. | 3.800 | 08-15-29 | 247,000 | 225,981 | |
Crown Castle, Inc. | 3.650 | 09-01-27 | 80,000 | 74,671 | |
Crown Castle, Inc. | 3.800 | 02-15-28 | 59,000 | 55,040 | |
Equinix, Inc. | 1.550 | 03-15-28 | 79,000 | 65,681 | |
GLP Capital LP | 3.250 | 01-15-32 | 72,000 | 56,854 | |
GLP Capital LP | 4.000 | 01-15-30 | 295,000 | 255,921 | |
GLP Capital LP | 5.375 | 04-15-26 | 263,000 | 254,950 | |
Host Hotels & Resorts LP | 3.375 | 12-15-29 | 593,000 | 501,561 | |
Host Hotels & Resorts LP | 3.500 | 09-15-30 | 162,000 | 135,218 | |
Host Hotels & Resorts LP | 4.000 | 06-15-25 | 615,000 | 588,779 | |
Host Hotels & Resorts LP | 4.500 | 02-01-26 | 236,000 | 225,049 | |
SBA Tower Trust (A) | 6.599 | 01-15-28 | 118,000 | 118,524 | |
VICI Properties LP (A) | 4.125 | 08-15-30 | 59,000 | 51,121 | |
VICI Properties LP | 4.375 | 05-15-25 | 70,000 | 67,369 | |
VICI Properties LP (A) | 4.625 | 12-01-29 | 227,000 | 205,974 | |
VICI Properties LP | 5.125 | 05-15-32 | 43,000 | 40,334 | |
Utilities 2.5% | 1,579,360 | ||||
Electric utilities 1.7% | |||||
NextEra Energy Capital Holdings, Inc. | 2.250 | 06-01-30 | 159,000 | 131,899 | |
NRG Energy, Inc. (A) | 2.450 | 12-02-27 | 502,000 | 429,580 | |
NRG Energy, Inc. (A) | 4.450 | 06-15-29 | 66,000 | 60,749 | |
Vistra Operations Company LLC (A) | 3.700 | 01-30-27 | 165,000 | 150,844 | |
Vistra Operations Company LLC (A) | 4.300 | 07-15-29 | 343,000 | 310,034 | |
Multi-utilities 0.8% | |||||
NiSource, Inc. | 3.600 | 05-01-30 | 552,000 | 496,254 | |
Municipal bonds 0.5% | $354,232 | ||||
(Cost $496,466) | |||||
Foothill-Eastern Transportation Corridor Agency (California) | 4.094 | 01-15-49 | 30,000 | 23,255 | |
Golden State Tobacco Securitization Corp. (California) | 4.214 | 06-01-50 | 108,000 | 82,526 | |
Maryland Health & Higher Educational Facilities Authority | 3.197 | 07-01-50 | 125,000 | 81,664 | |
New Jersey Transportation Trust Fund Authority | 4.081 | 06-15-39 | 60,000 | 49,806 | |
Ohio Turnpike & Infrastructure Commission | 3.216 | 02-15-48 | 30,000 | 21,967 | |
Regents of the University of California Medical Center Pooled Revenue | 3.006 | 05-15-50 | 140,000 | 95,014 |
Total investments (Cost $66,278,185) 96.7% | $61,387,765 | ||||
Other assets and liabilities, net 3.3% | 2,063,851 | ||||
Total net assets 100.0% | $63,451,616 |
10 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
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 $14,517,703 or 22.9% of the portfolio’s net assets as of 11-30-22. |
(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 0.3% | $108,702 | ||||
(Cost $135,854) | |||||
Argentina 0.3% | 108,702 | ||||
Republic of Argentina Bond (3.500% to 7-9-29, then 4.875% thereafter) | 3.500 | 07-09-41 | 401,000 | 108,702 | |
Corporate bonds 93.7% | $30,689,845 | ||||
(Cost $34,229,236) | |||||
Communication services 15.7% | 5,139,856 | ||||
Diversified telecommunication services 3.7% | |||||
C&W Senior Financing DAC (A) | 6.875 | 09-15-27 | 200,000 | 178,137 | |
Connect Finco SARL (A) | 6.750 | 10-01-26 | 226,000 | 213,570 | |
GCI LLC (A) | 4.750 | 10-15-28 | 148,000 | 126,796 | |
Kenbourne Invest SA (A) | 4.700 | 01-22-28 | 200,000 | 145,007 | |
Switch, Ltd. (A) | 3.750 | 09-15-28 | 55,000 | 55,446 | |
Telesat Canada (A) | 5.625 | 12-06-26 | 84,000 | 39,618 | |
Total Play Telecomunicaciones SA de CV (A) | 6.375 | 09-20-28 | 200,000 | 143,000 | |
Total Play Telecomunicaciones SA de CV (A) | 7.500 | 11-12-25 | 384,000 | 326,880 | |
Entertainment 4.9% | |||||
Lions Gate Capital Holdings LLC (A) | 5.500 | 04-15-29 | 190,000 | 123,500 | |
Live Nation Entertainment, Inc. (A) | 4.750 | 10-15-27 | 73,000 | 65,882 | |
Netflix, Inc. | 4.875 | 04-15-28 | 400,000 | 388,588 | |
Netflix, Inc. (A) | 4.875 | 06-15-30 | 173,000 | 163,406 | |
Netflix, Inc. (A) | 5.375 | 11-15-29 | 45,000 | 44,168 | |
Netflix, Inc. | 5.875 | 11-15-28 | 395,000 | 399,033 | |
WMG Acquisition Corp. (A) | 3.000 | 02-15-31 | 137,000 | 113,546 | |
WMG Acquisition Corp. (A) | 3.875 | 07-15-30 | 339,000 | 293,801 | |
Interactive media and services 0.5% | |||||
Match Group Holdings II LLC (A) | 3.625 | 10-01-31 | 75,000 | 57,313 | |
Match Group Holdings II LLC (A) | 4.125 | 08-01-30 | 132,000 | 110,220 | |
Media 4.5% | |||||
CCO Holdings LLC (A) | 4.500 | 06-01-33 | 134,000 | 106,344 | |
Globo Comunicacao e Participacoes SA (A) | 4.875 | 01-22-30 | 242,000 | 198,644 | |
LCPR Senior Secured Financing DAC (A) | 5.125 | 07-15-29 | 200,000 | 165,308 | |
News Corp. (A) | 3.875 | 05-15-29 | 204,000 | 181,305 | |
News Corp. (A) | 5.125 | 02-15-32 | 79,000 | 72,419 | |
Radiate Holdco LLC (A) | 6.500 | 09-15-28 | 137,000 | 73,939 | |
Sirius XM Radio, Inc. (A) | 4.000 | 07-15-28 | 144,000 | 127,270 | |
Sirius XM Radio, Inc. (A) | 5.000 | 08-01-27 | 257,000 | 239,843 | |
Stagwell Global LLC (A) | 5.625 | 08-15-29 | 255,000 | 218,663 | |
Univision Communications, Inc. (A) | 4.500 | 05-01-29 | 79,000 | 67,249 | |
Univision Communications, Inc. (A) | 7.375 | 06-30-30 | 20,000 | 19,960 | |
Wireless telecommunication services 2.1% | |||||
Millicom International Cellular SA (A) | 6.250 | 03-25-29 | 180,000 | 170,381 | |
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 | 159,794 | |
Sprint LLC | 7.875 | 09-15-23 | 163,000 | 166,527 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 11 |
Rate (%) | Maturity date | Par value^ | Value | ||
Communication services (continued) | |||||
Wireless telecommunication services (continued) | |||||
Vodafone Group PLC (7.000% to 1-4-29, then 5 Year U.S. Swap Rate + 4.873%) | 7.000 | 04-04-79 | 185,000 | $184,299 | |
Consumer discretionary 17.7% | 5,781,828 | ||||
Auto components 0.3% | |||||
Dealer Tire LLC (A) | 8.000 | 02-01-28 | 81,000 | 69,836 | |
LCM Investments Holdings II LLC (A) | 4.875 | 05-01-29 | 35,000 | 29,264 | |
Automobiles 5.4% | |||||
Ford Motor Company | 3.250 | 02-12-32 | 118,000 | 93,258 | |
Ford Motor Credit Company LLC | 2.900 | 02-16-28 | 285,000 | 238,082 | |
Ford Motor Credit Company LLC | 4.000 | 11-13-30 | 200,000 | 169,170 | |
Ford Motor Credit Company LLC | 4.125 | 08-17-27 | 235,000 | 214,407 | |
Ford Motor Credit Company LLC | 4.134 | 08-04-25 | 700,000 | 662,371 | |
Ford Motor Credit Company LLC | 5.113 | 05-03-29 | 400,000 | 372,916 | |
Diversified consumer services 1.3% | |||||
GEMS MENASA Cayman, Ltd. (A) | 7.125 | 07-31-26 | 200,000 | 190,919 | |
Service Corp. International | 4.000 | 05-15-31 | 153,000 | 131,089 | |
Sotheby’s (A) | 7.375 | 10-15-27 | 100,000 | 97,400 | |
Hotels, restaurants and leisure 7.7% | |||||
Affinity Gaming (A) | 6.875 | 12-15-27 | 112,000 | 96,078 | |
CCM Merger, Inc. (A) | 6.375 | 05-01-26 | 75,000 | 69,430 | |
Full House Resorts, Inc. (A) | 8.250 | 02-15-28 | 113,000 | 100,593 | |
Hilton Domestic Operating Company, Inc. (A) | 3.625 | 02-15-32 | 118,000 | 97,151 | |
Hilton Grand Vacations Borrower Escrow LLC (A) | 4.875 | 07-01-31 | 155,000 | 127,937 | |
Hilton Grand Vacations Borrower Escrow LLC (A) | 5.000 | 06-01-29 | 149,000 | 129,024 | |
Jacobs Entertainment, Inc. (A) | 6.750 | 02-15-29 | 74,000 | 66,600 | |
MGM Resorts International | 4.750 | 10-15-28 | 281,000 | 248,623 | |
Midwest Gaming Borrower LLC (A) | 4.875 | 05-01-29 | 151,000 | 130,390 | |
Mohegan Gaming & Entertainment (A) | 8.000 | 02-01-26 | 190,000 | 178,401 | |
New Red Finance, Inc. (A) | 4.000 | 10-15-30 | 409,000 | 344,443 | |
Premier Entertainment Sub LLC (A) | 5.625 | 09-01-29 | 90,000 | 72,000 | |
Resorts World Las Vegas LLC (A) | 4.625 | 04-16-29 | 200,000 | 135,916 | |
Resorts World Las Vegas LLC (A) | 4.625 | 04-06-31 | 200,000 | 135,464 | |
Travel + Leisure Company (A) | 4.625 | 03-01-30 | 158,000 | 128,020 | |
Travel + Leisure Company | 6.600 | 10-01-25 | 79,000 | 77,618 | |
Wyndham Hotels & Resorts, Inc. (A) | 4.375 | 08-15-28 | 91,000 | 81,378 | |
Yum! Brands, Inc. | 3.625 | 03-15-31 | 198,000 | 165,083 | |
Yum! Brands, Inc. (A) | 4.750 | 01-15-30 | 155,000 | 141,825 | |
Household durables 1.4% | |||||
Brookfield Residential Properties, Inc. (A) | 5.000 | 06-15-29 | 155,000 | 121,805 | |
Century Communities, Inc. (A) | 3.875 | 08-15-29 | 225,000 | 181,575 | |
KB Home | 4.000 | 06-15-31 | 168,000 | 134,046 | |
KB Home | 7.250 | 07-15-30 | 30,000 | 28,636 | |
Multiline retail 0.2% | |||||
Macy’s Retail Holdings LLC (A) | 5.875 | 04-01-29 | 36,000 | 33,485 | |
Macy’s Retail Holdings LLC (A) | 5.875 | 03-15-30 | 20,000 | 18,050 | |
Macy’s Retail Holdings LLC (A) | 6.125 | 03-15-32 | 19,000 | 16,867 | |
Specialty retail 1.4% | |||||
Asbury Automotive Group, Inc. (A) | 4.625 | 11-15-29 | 40,000 | 34,900 | |
Asbury Automotive Group, Inc. | 4.750 | 03-01-30 | 162,000 | 138,497 | |
Group 1 Automotive, Inc. (A) | 4.000 | 08-15-28 | 36,000 | 30,537 | |
Ken Garff Automotive LLC (A) | 4.875 | 09-15-28 | 96,000 | 81,236 | |
Lithia Motors, Inc. (A) | 3.875 | 06-01-29 | 83,000 | 69,637 | |
Lithia Motors, Inc. (A) | 4.375 | 01-15-31 | 84,000 | 71,046 | |
Lithia Motors, Inc. (A) | 4.625 | 12-15-27 | 29,000 | 26,825 |
12 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer staples 4.4% | $1,428,167 | ||||
Food and staples retailing 0.5% | |||||
Advantage Sales & Marketing, Inc. (A) | 6.500 | 11-15-28 | 204,000 | 159,695 | |
Food products 2.4% | |||||
Coruripe Netherlands BV (A) | 10.000 | 02-10-27 | 200,000 | 166,180 | |
MARB BondCo PLC (A) | 3.950 | 01-29-31 | 252,000 | 195,224 | |
NBM US Holdings, Inc. (A) | 6.625 | 08-06-29 | 263,000 | 252,127 | |
Post Holdings, Inc. (A) | 5.500 | 12-15-29 | 182,000 | 167,161 | |
Household products 0.6% | |||||
Edgewell Personal Care Company (A) | 4.125 | 04-01-29 | 70,000 | 60,797 | |
Edgewell Personal Care Company (A) | 5.500 | 06-01-28 | 156,000 | 146,996 | |
Personal products 0.9% | |||||
Natura Cosmeticos SA (A) | 4.125 | 05-03-28 | 200,000 | 159,187 | |
Oriflame Investment Holding PLC (A) | 5.125 | 05-04-26 | 200,000 | 120,800 | |
Energy 10.1% | 3,318,898 | ||||
Energy equipment and services 0.5% | |||||
CSI Compressco LP (A) | 7.500 | 04-01-25 | 88,000 | 80,612 | |
CSI Compressco LP (A) | 7.500 | 04-01-25 | 27,000 | 24,733 | |
CSI Compressco LP (10.000% Cash or 7.250% Cash and 3.500% PIK) (A) | 10.000 | 04-01-26 | 89,978 | 79,181 | |
Oil, gas and consumable fuels 9.6% | |||||
Altera Infrastructure LP (A)(C) | 8.500 | 07-15-23 | 72,000 | 2,898 | |
Antero Midstream Partners LP (A) | 5.375 | 06-15-29 | 147,000 | 135,608 | |
Antero Resources Corp. (A) | 5.375 | 03-01-30 | 63,000 | 59,028 | |
Ascent Resources Utica Holdings LLC (A) | 5.875 | 06-30-29 | 226,000 | 203,680 | |
CNX Resources Corp. (A) | 7.375 | 01-15-31 | 36,000 | 36,019 | |
DCP Midstream Operating LP (5.850% to 5-21-23, then 3 month LIBOR + 3.850%) (A) | 5.850 | 05-21-43 | 129,000 | 126,201 | |
Energean Israel Finance, Ltd. (A) | 5.375 | 03-30-28 | 70,000 | 64,289 | |
Energean Israel Finance, Ltd. (A) | 5.875 | 03-30-31 | 94,000 | 83,856 | |
Energy Transfer LP (6.500% to 11-15-26, then 5 Year CMT + 5.694%) (B) | 6.500 | 11-15-26 | 345,000 | 296,935 | |
EQM Midstream Partners LP (A) | 7.500 | 06-01-27 | 50,000 | 50,531 | |
EQM Midstream Partners LP (A) | 7.500 | 06-01-30 | 40,000 | 40,349 | |
Hess Midstream Operations LP (A) | 4.250 | 02-15-30 | 60,000 | 51,300 | |
Hess Midstream Operations LP (A) | 5.500 | 10-15-30 | 19,000 | 17,416 | |
Inversiones Latin America Power, Ltd. (A) | 5.125 | 06-15-33 | 195,890 | 94,184 | |
Leviathan Bond, Ltd. (A) | 6.500 | 06-30-27 | 332,000 | 325,189 | |
Leviathan Bond, Ltd. (A) | 6.750 | 06-30-30 | 38,000 | 35,996 | |
MC Brazil Downstream Trading SARL (A) | 7.250 | 06-30-31 | 200,000 | 165,651 | |
MPLX LP (6.875% to 2-15-23, then 3 month LIBOR + 4.652%) (B) | 6.875 | 02-15-23 | 597,000 | 589,943 | |
Parkland Corp. (A) | 4.500 | 10-01-29 | 116,000 | 97,730 | |
Parkland Corp. (A) | 4.625 | 05-01-30 | 137,000 | 114,875 | |
Petroleos Mexicanos | 8.750 | 06-02-29 | 99,000 | 91,872 | |
Southwestern Energy Company | 4.750 | 02-01-32 | 99,000 | 86,554 | |
Sunoco LP | 4.500 | 05-15-29 | 70,000 | 60,612 | |
Sunoco LP | 4.500 | 04-30-30 | 167,000 | 144,891 | |
Venture Global Calcasieu Pass LLC (A) | 3.875 | 08-15-29 | 52,000 | 44,915 | |
Venture Global Calcasieu Pass LLC (A) | 4.125 | 08-15-31 | 132,000 | 113,850 | |
Financials 6.9% | 2,271,353 | ||||
Banks 4.3% | |||||
Barclays PLC (4.375% to 3-15-28, then 5 Year CMT + 3.410%) (B) | 4.375 | 03-15-28 | 200,000 | 146,978 | |
Barclays PLC (8.000% to 3-15-29, then 5 Year CMT + 5.431%) (B) | 8.000 | 03-15-29 | 200,000 | 188,500 | |
Citigroup, Inc. (4.700% to 1-30-25, then SOFR + 3.234%) (B) | 4.700 | 01-30-25 | 381,000 | 321,133 | |
Citigroup, Inc. (6.250% to 8-15-26, then 3 month LIBOR + 4.517%) (B) | 6.250 | 08-15-26 | 282,000 | 272,891 | |
Fifth Third Bancorp (5.100% to 6-30-23, then 3 month LIBOR + 3.033%) (B) | 5.100 | 06-30-23 | 158,000 | 146,260 | |
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 | 188,172 | |
Societe Generale SA (5.375% to 11-18-30, then 5 Year CMT + 4.514%) (A)(B) | 5.375 | 11-18-30 | 200,000 | 157,020 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 13 |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Capital markets 0.7% | |||||
MSCI, Inc. (A) | 3.250 | 08-15-33 | 127,000 | $99,775 | |
MSCI, Inc. (A) | 3.625 | 11-01-31 | 173,000 | 145,694 | |
Consumer finance 0.8% | |||||
Enova International, Inc. (A) | 8.500 | 09-01-24 | 30,000 | 28,678 | |
Enova International, Inc. (A) | 8.500 | 09-15-25 | 157,000 | 144,440 | |
OneMain Finance Corp. | 6.875 | 03-15-25 | 81,000 | 78,675 | |
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 | 155,000 | 122,309 | |
Thrifts and mortgage finance 0.7% | |||||
Nationstar Mortgage Holdings, Inc. (A) | 5.125 | 12-15-30 | 80,000 | 62,368 | |
Nationstar Mortgage Holdings, Inc. (A) | 5.500 | 08-15-28 | 125,000 | 104,822 | |
Nationstar Mortgage Holdings, Inc. (A) | 6.000 | 01-15-27 | 70,000 | 63,638 | |
Health care 3.9% | 1,259,781 | ||||
Health care equipment and supplies 0.3% | |||||
Varex Imaging Corp. (A) | 7.875 | 10-15-27 | 101,000 | 99,420 | |
Health care providers and services 2.9% | |||||
AdaptHealth LLC (A) | 5.125 | 03-01-30 | 117,000 | 99,440 | |
DaVita, Inc. (A) | 3.750 | 02-15-31 | 452,000 | 332,220 | |
DaVita, Inc. (A) | 4.625 | 06-01-30 | 287,000 | 232,321 | |
Encompass Health Corp. | 4.500 | 02-01-28 | 252,000 | 226,612 | |
Encompass Health Corp. | 4.625 | 04-01-31 | 73,000 | 63,001 | |
Pharmaceuticals 0.7% | |||||
Organon & Company (A) | 5.125 | 04-30-31 | 233,000 | 206,767 | |
Industrials 19.1% | 6,271,975 | ||||
Aerospace and defense 0.9% | |||||
TransDigm, Inc. | 5.500 | 11-15-27 | 322,000 | 303,485 | |
Airlines 6.5% | |||||
American Airlines 2015-1 Class A Pass Through Trust | 3.375 | 05-01-27 | 620,793 | 511,513 | |
American Airlines 2015-1 Class B Pass Through Trust | 3.700 | 05-01-23 | 67,028 | 65,729 | |
American Airlines 2016-1 Class A Pass Through Trust | 4.100 | 01-15-28 | 289,316 | 222,850 | |
American Airlines 2019-1 Class A Pass Through Trust | 3.500 | 02-15-32 | 178,937 | 129,734 | |
American Airlines 2021-1 Class B Pass Through Trust | 3.950 | 07-11-30 | 67,000 | 53,622 | |
Delta Air Lines, Inc. | 2.900 | 10-28-24 | 415,000 | 393,420 | |
Delta Air Lines, Inc. | 4.375 | 04-19-28 | 341,000 | 311,621 | |
United Airlines 2016-1 Class B Pass Through Trust | 3.650 | 01-07-26 | 153,646 | 135,970 | |
United Airlines, Inc. (A) | 4.375 | 04-15-26 | 194,000 | 180,619 | |
United Airlines, Inc. (A) | 4.625 | 04-15-29 | 55,000 | 48,962 | |
US Airways 2010-1 Class A Pass Through Trust | 6.250 | 04-22-23 | 4,379 | 4,362 | |
US Airways 2011-1 Class A Pass Through Trust | 7.125 | 10-22-23 | 64,119 | 63,322 | |
Building products 1.0% | |||||
Builders FirstSource, Inc. (A) | 4.250 | 02-01-32 | 226,000 | 183,209 | |
Builders FirstSource, Inc. (A) | 5.000 | 03-01-30 | 35,000 | 31,047 | |
Builders FirstSource, Inc. (A) | 6.375 | 06-15-32 | 115,000 | 106,245 | |
Commercial services and supplies 3.6% | |||||
Albion Financing 1 SARL (A) | 6.125 | 10-15-26 | 200,000 | 177,310 | |
Allied Universal Holdco LLC (A) | 6.000 | 06-01-29 | 200,000 | 143,363 | |
APX Group, Inc. (A) | 5.750 | 07-15-29 | 142,000 | 120,886 | |
Cimpress PLC (A) | 7.000 | 06-15-26 | 393,000 | 274,247 | |
Garda World Security Corp. (A) | 6.000 | 06-01-29 | 61,000 | 49,410 | |
GFL Environmental, Inc. (A) | 4.375 | 08-15-29 | 77,000 | 66,074 | |
Graphic Packaging International LLC (A) | 3.500 | 03-01-29 | 168,000 | 142,842 | |
Prime Security Services Borrower LLC (A) | 3.375 | 08-31-27 | 44,000 | 38,714 | |
Prime Security Services Borrower LLC (A) | 6.250 | 01-15-28 | 195,000 | 181,350 |
14 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Construction and engineering 0.9% | |||||
Global Infrastructure Solutions, Inc. (A) | 5.625 | 06-01-29 | 167,000 | $129,425 | |
Tutor Perini Corp. (A) | 6.875 | 05-01-25 | 199,000 | 173,199 | |
Machinery 1.0% | |||||
Hillenbrand, Inc. | 3.750 | 03-01-31 | 70,000 | 56,875 | |
JB Poindexter & Company, Inc. (A) | 7.125 | 04-15-26 | 79,000 | 76,338 | |
TK Elevator U.S. Newco, Inc. (A) | 5.250 | 07-15-27 | 200,000 | 181,504 | |
Professional services 0.3% | |||||
TriNet Group, Inc. (A) | 3.500 | 03-01-29 | 114,000 | 94,763 | |
Road and rail 2.5% | |||||
Uber Technologies, Inc. (A) | 4.500 | 08-15-29 | 310,000 | 269,863 | |
Uber Technologies, Inc. (A) | 7.500 | 05-15-25 | 170,000 | 171,030 | |
Uber Technologies, Inc. (A) | 7.500 | 09-15-27 | 390,000 | 392,028 | |
Trading companies and distributors 2.4% | |||||
Beacon Roofing Supply, Inc. (A) | 4.125 | 05-15-29 | 130,000 | 109,324 | |
BlueLinx Holdings, Inc. (A) | 6.000 | 11-15-29 | 184,000 | 149,040 | |
United Rentals North America, Inc. | 3.875 | 11-15-27 | 265,000 | 242,880 | |
United Rentals North America, Inc. | 4.875 | 01-15-28 | 298,000 | 285,800 | |
Information technology 2.2% | 735,148 | ||||
IT services 1.6% | |||||
Block, Inc. | 3.500 | 06-01-31 | 90,000 | 73,036 | |
Gartner, Inc. (A) | 3.625 | 06-15-29 | 61,000 | 53,429 | |
Gartner, Inc. (A) | 4.500 | 07-01-28 | 302,000 | 284,309 | |
Sabre GLBL, Inc. (A) | 7.375 | 09-01-25 | 138,000 | 131,445 | |
Software 0.5% | |||||
Consensus Cloud Solutions, Inc. (A) | 6.500 | 10-15-28 | 165,000 | 149,738 | |
Technology hardware, storage and peripherals 0.1% | |||||
Atento Luxco 1 SA (A) | 8.000 | 02-10-26 | 80,000 | 43,191 | |
Materials 9.2% | 3,002,264 | ||||
Chemicals 2.5% | |||||
Braskem Idesa SAPI (A) | 6.990 | 02-20-32 | 200,000 | 141,750 | |
FS Luxembourg Sarl (A) | 10.000 | 12-15-25 | 200,000 | 201,746 | |
Methanex Corp. | 4.250 | 12-01-24 | 65,000 | 62,884 | |
Sasol Financing USA LLC | 5.500 | 03-18-31 | 200,000 | 165,963 | |
Trinseo Materials Operating SCA (A) | 5.125 | 04-01-29 | 119,000 | 75,714 | |
Valvoline, Inc. (A) | 3.625 | 06-15-31 | 201,000 | 163,815 | |
Construction materials 1.7% | |||||
Cemex SAB de CV (A) | 3.875 | 07-11-31 | 200,000 | 162,540 | |
Cemex SAB de CV (A) | 5.200 | 09-17-30 | 200,000 | 180,720 | |
Standard Industries, Inc. (A) | 3.375 | 01-15-31 | 66,000 | 50,598 | |
Standard Industries, Inc. (A) | 4.375 | 07-15-30 | 147,000 | 120,540 | |
Standard Industries, Inc. (A) | 5.000 | 02-15-27 | 37,000 | 34,050 | |
Containers and packaging 1.9% | |||||
Owens-Brockway Glass Container, Inc. (A) | 6.625 | 05-13-27 | 110,000 | 105,823 | |
Pactiv Evergreen Group Issuer LLC (A) | 4.375 | 10-15-28 | 280,000 | 245,000 | |
Pactiv Evergreen Group Issuer, Inc. (A) | 4.000 | 10-15-27 | 274,000 | 240,812 | |
Trident TPI Holdings, Inc. (A) | 6.625 | 11-01-25 | 51,000 | 43,868 | |
Metals and mining 3.1% | |||||
Arconic Corp. (A) | 6.125 | 02-15-28 | 91,000 | 85,444 | |
First Quantum Minerals, Ltd. (A) | 6.875 | 03-01-26 | 200,000 | 192,846 | |
First Quantum Minerals, Ltd. (A) | 6.875 | 10-15-27 | 400,000 | 381,008 | |
Hudbay Minerals, Inc. (A) | 4.500 | 04-01-26 | 37,000 | 33,509 | |
JW Aluminum Continuous Cast Company (A) | 10.250 | 06-01-26 | 15,000 | 15,338 | |
Novelis Corp. (A) | 4.750 | 01-30-30 | 298,000 | 264,951 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 15 |
Rate (%) | Maturity date | Par value^ | Value | ||
Materials (continued) | |||||
Metals and mining (continued) | |||||
Volcan Cia Minera SAA (A) | 4.375 | 02-11-26 | 39,000 | $33,345 | |
Real estate 1.3% | 427,119 | ||||
Equity real estate investment trusts 1.3% | |||||
Iron Mountain Information Management Services, Inc. (A) | 5.000 | 07-15-32 | 41,000 | 34,645 | |
Iron Mountain, Inc. (A) | 4.875 | 09-15-29 | 88,000 | 77,376 | |
Iron Mountain, Inc. (A) | 5.250 | 07-15-30 | 138,000 | 124,200 | |
RHP Hotel Properties LP (A) | 4.500 | 02-15-29 | 144,000 | 125,939 | |
XHR LP (A) | 4.875 | 06-01-29 | 76,000 | 64,959 | |
Utilities 3.2% | 1,053,456 | ||||
Electric utilities 1.5% | |||||
FirstEnergy Corp. | 2.650 | 03-01-30 | 141,000 | 116,573 | |
NRG Energy, Inc. (A) | 3.375 | 02-15-29 | 38,000 | 31,572 | |
NRG Energy, Inc. (A) | 3.625 | 02-15-31 | 170,000 | 135,941 | |
NRG Energy, Inc. (A) | 3.875 | 02-15-32 | 247,000 | 198,562 | |
Gas utilities 0.6% | |||||
AmeriGas Partners LP | 5.500 | 05-20-25 | 194,000 | 188,180 | |
Independent power and renewable electricity producers 1.1% | |||||
DPL, Inc. | 4.125 | 07-01-25 | 158,000 | 148,860 | |
NextEra Energy Operating Partners LP (A) | 3.875 | 10-15-26 | 193,000 | 181,058 | |
NextEra Energy Operating Partners LP (A) | 4.500 | 09-15-27 | 56,000 | 52,710 | |
Term loans (D) 2.2% | $713,892 | ||||
(Cost $759,789) | |||||
Communication services 0.2% | 59,239 | ||||
Media 0.2% | |||||
AP Core Holdings II LLC, High-Yield Term Loan B2 (1 month LIBOR + 5.500%) | 9.571 | 09-01-27 | 67,000 | 59,239 | |
Consumer discretionary 0.6% | 192,777 | ||||
Household durables 0.6% | |||||
Hunter Douglas, Inc., USD Term Loan B1 (3 month SOFR + 3.500%) | 7.859 | 02-26-29 | 221,445 | 192,777 | |
Health care 0.1% | 47,356 | ||||
Health care providers and services 0.1% | |||||
TTF Holdings LLC, Term Loan (1 month LIBOR + 4.000%) | 8.120 | 03-31-28 | 48,077 | 47,356 | |
Industrials 0.9% | 300,561 | ||||
Professional services 0.9% | |||||
CoreLogic, Inc., Term Loan (1 month LIBOR + 3.500%) | 7.625 | 06-02-28 | 365,424 | 300,561 | |
Information technology 0.0% | 49 | ||||
Software 0.0% | |||||
Quest Software, Inc., 2022 Term Loan (3 month SOFR + 4.250%) | 8.494 | 02-01-29 | 65 | 49 | |
Materials 0.4% | 113,910 | ||||
Containers and packaging 0.4% | |||||
Clydesdale Acquisition Holdings, Inc., Term Loan B (1 month SOFR + 4.175%) | 8.361 | 04-13-29 | 33,915 | 32,695 | |
Mauser Packaging Solutions Holding Company, 2017 Term Loan B (1 month LIBOR + 3.250%) | 7.018 | 04-03-24 | 83,781 | 81,215 | |
Asset backed securities 0.1% | $29,470 | ||||
(Cost $38,000) | |||||
Asset backed securities 0.1% | 29,470 | ||||
Diamond Infrastructure Funding LLC | |||||
Series 2021-1A, Class C (A) | 3.475 | 04-15-49 | 38,000 | 29,470 | |
16 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Common stocks 0.4% | $127,070 | ||||
(Cost $240,108) | |||||
Utilities 0.4% | 127,070 | ||||
Multi-utilities 0.4% | |||||
Algonquin Power & Utilities Corp. | 4,850 | 127,070 | |||
Preferred securities 0.2% | $71,440 | ||||
(Cost $91,274) | |||||
Communication services 0.2% | 71,440 | ||||
Wireless telecommunication services 0.2% | |||||
Telephone & Data Systems, Inc., 6.625% | 3,800 | 71,440 | |||
Par value^ | Value | ||||
Escrow certificates 0.0% | $50 | ||||
(Cost $0) | |||||
LSC Communications, Inc. (A)(E) | 80,000 | 50 |
Total investments (Cost $35,494,261) 96.9% | $31,740,469 | ||||
Other assets and liabilities, net 3.1% | 1,025,019 | ||||
Total net assets 100.0% | $32,765,488 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the portfolio. | |
^All par values are denominated in U.S. dollars unless otherwise indicated. | |
Security Abbreviations and Legend | |
CMT | Constant Maturity Treasury |
ICE | Intercontinental Exchange |
LIBOR | London Interbank Offered Rate |
PIK | Pay-in-Kind Security - Represents a payment-in-kind which may pay interest in additional par and/or cash. Rates shown are the current rate and most recent payment rate. |
SOFR | Secured Overnight Financing Rate |
(A) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $20,307,620 or 62.0% of the portfolio’s net assets as of 11-30-22. |
(B) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
(C) | Non-income producing - Issuer is in default. |
(D) | Term loans are variable rate obligations. The coupon rate shown represents the rate at period end. |
(E) | Non-income producing security. |
Rate (%) | Maturity date | Par value^ | Value | ||
Collateralized mortgage obligations 44.1% | $33,286,218 | ||||
(Cost $35,105,870) | |||||
Commercial and residential 35.4% | 26,697,933 | ||||
Angel Oak Mortgage Trust LLC | |||||
Series 2020-R1, Class A1 (A)(B) | 0.990 | 04-25-53 | 206,486 | 192,009 | |
Series 2021-2, Class A1 (A)(B) | 0.985 | 04-25-66 | 381,091 | 314,483 | |
Series 2021-4, Class A1 (A)(B) | 1.035 | 01-20-65 | 625,400 | 488,145 | |
Series 2021-5, Class A1 (A)(B) | 0.951 | 07-25-66 | 300,974 | 235,530 | |
Arroyo Mortgage Trust | |||||
Series 2019-3, Class A1 (A)(B) | 2.962 | 10-25-48 | 86,125 | 78,762 | |
Series 2021-1R, Class A1 (A)(B) | 1.175 | 10-25-48 | 74,951 | 59,148 | |
BAMLL Commercial Mortgage Securities Trust | |||||
Series 2015-200P, Class A (A) | 3.218 | 04-14-33 | 260,000 | 240,355 | |
BBCMS Mortgage Trust | |||||
Series 2020-C6, Class A2 | 2.690 | 02-15-53 | 81,000 | 76,152 | |
BBCMS Trust | |||||
Series 2015-SRCH, Class D (A)(B) | 5.122 | 08-10-35 | 100,000 | 85,903 | |
Benchmark Mortgage Trust | |||||
Series 2019-B12, Class A2 | 3.001 | 08-15-52 | 92,933 | 88,377 | |
BOCA Commercial Mortgage Trust | |||||
Series 2022-BOCA, Class A (1 month CME Term SOFR + 1.770%) (A)(C) | 5.564 | 05-15-39 | 453,000 | 438,544 | |
Series 2022-BOCA, Class B (1 month CME Term SOFR + 2.319%) (A)(C) | 6.113 | 05-15-39 | 100,000 | 95,496 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 17 |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
BPR Trust | |||||
Series 2022-OANA, Class A (1 month CME Term SOFR + 1.898%) (A)(C) | 5.692 | 04-15-37 | 961,000 | $935,105 | |
BRAVO Residential Funding Trust | |||||
Series 2021-NQM1, Class A1 (A)(B) | 0.941 | 02-25-49 | 246,816 | 204,930 | |
BX Commercial Mortgage Trust | |||||
Series 2020-VKNG, Class A (1 month LIBOR + 0.930%) (A)(C) | 4.805 | 10-15-37 | 329,150 | 318,452 | |
Series 2021-ACNT, Class A (1 month LIBOR + 0.850%) (A)(C) | 4.726 | 11-15-38 | 550,000 | 527,400 | |
Series 2021-CIP, Class A (1 month LIBOR + 0.921%) (A)(C) | 4.796 | 12-15-38 | 1,176,000 | 1,130,321 | |
Series 2021-VOLT, Class C (1 month LIBOR + 1.100%) (A)(C) | 4.975 | 09-15-36 | 467,000 | 432,762 | |
Series 2022-AHP, Class A (1 month CME Term SOFR + 0.990%) (A)(C) | 4.784 | 01-17-39 | 423,000 | 404,216 | |
BX Trust | |||||
Series 2021-MFM1, Class D (1 month LIBOR + 1.500%) (A)(C) | 5.375 | 01-15-34 | 135,000 | 125,760 | |
Series 2022-CLS, Class A (A) | 5.760 | 10-13-27 | 283,000 | 279,988 | |
BXHPP Trust | |||||
Series 2021-FILM, Class C (1 month LIBOR + 1.100%) (A)(C) | 4.975 | 08-15-36 | 529,000 | 482,691 | |
CAMB Commercial Mortgage Trust | |||||
Series 2019-LIFE, Class D (1 month LIBOR + 1.750%) (A)(C) | 5.623 | 12-15-37 | 235,000 | 225,572 | |
Cantor Commercial Real Estate Lending | |||||
Series 2019-CF1, Class A2 | 3.623 | 05-15-52 | 326,000 | 315,216 | |
CFK Trust | |||||
Series 2020-MF2, Class A (A) | 2.387 | 03-15-39 | 130,000 | 112,047 | |
Citigroup Commercial Mortgage Trust | |||||
Series 2016-P4, Class A2 | 2.450 | 07-10-49 | 734,602 | 689,870 | |
Series 2019-PRM, Class A (A) | 3.341 | 05-10-36 | 315,000 | 308,993 | |
Series 2019-SMRT, Class A (A) | 4.149 | 01-10-36 | 275,000 | 267,432 | |
Series 2020-GC46, Class A2 | 2.708 | 02-15-53 | 325,000 | 303,659 | |
Series 2021-PRM2, Class A (1 month LIBOR + 0.950%) (A)(C) | 4.826 | 10-15-36 | 215,000 | 205,962 | |
COLT Mortgage Loan Trust | |||||
Series 2020-2, Class A1 (A)(B) | 1.853 | 03-25-65 | 5,291 | 5,167 | |
Series 2021-2, Class A1 (A)(B) | 0.924 | 08-25-66 | 143,696 | 116,599 | |
Series 2021-3, Class A1 (A)(B) | 0.956 | 09-27-66 | 241,272 | 191,992 | |
Series 2021-HX1, Class A1 (A)(B) | 1.110 | 10-25-66 | 152,157 | 122,565 | |
Series 2022-2, Class A1 (2.994% to 2-1-26, then 3.994% thereafter) (A) | 2.994 | 02-25-67 | 199,182 | 175,500 | |
COLT Mortgage Pass-Through Trust | |||||
Series 2021-1R, Class A1 (A)(B) | 0.857 | 05-25-65 | 26,573 | 21,614 | |
COLT Trust | |||||
Series 2020-RPL1, Class A1 (A)(B) | 1.390 | 01-25-65 | 145,323 | 125,445 | |
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) | |||||
Series 2015-CR25, Class A4 | 3.759 | 08-10-48 | 310,000 | 295,773 | |
Series 2020-CX, Class D (A)(B) | 2.773 | 11-10-46 | 370,000 | 255,688 | |
Credit Suisse Mortgage Capital Certificates | |||||
Series 2019-ICE4, Class B (1 month LIBOR + 1.230%) (A)(C) | 5.105 | 05-15-36 | 225,000 | 220,791 | |
Series 2019-ICE4, Class D (1 month LIBOR + 1.600%) (A)(C) | 5.475 | 05-15-36 | 325,000 | 314,344 | |
Series 2020-NET, Class A (A) | 2.257 | 08-15-37 | 519,934 | 464,517 | |
Series 2021-NQM2, Class A1 (A)(B) | 1.179 | 02-25-66 | 88,768 | 74,332 | |
Series 2021-NQM5, Class A1 (A)(B) | 0.938 | 05-25-66 | 75,250 | 56,889 | |
Series 2021-NQM6, Class A1 (A)(B) | 1.174 | 07-25-66 | 113,881 | 90,682 | |
Series 2021-RPL2, Class A1A (A)(B) | 1.115 | 01-25-60 | 331,761 | 263,856 | |
DBJPM Mortgage Trust | |||||
Series 2020-C9, Class A2 | 1.900 | 08-15-53 | 260,000 | 236,121 | |
Deephaven Residential Mortgage Trust | |||||
Series 2021-2, Class A1 (A)(B) | 0.899 | 04-25-66 | 239,141 | 198,863 | |
Ellington Financial Mortgage Trust | |||||
Series 2019-2, Class A1 (A)(B) | 2.739 | 11-25-59 | 40,315 | 37,772 | |
Series 2021-1, Class A1 (A)(B) | 0.797 | 02-25-66 | 366,497 | 288,455 | |
Flagstar Mortgage Trust | |||||
Series 2021-1, Class A2 (A)(B) | 2.500 | 02-01-51 | 106,473 | 86,393 | |
GCAT Trust | |||||
Series 2020-3, Class A1 (2.981% to 9-25-23, then 5.981% to 9-25-24, then 6.981% thereafter) (A) | 2.981 | 09-25-25 | 75,410 | 72,336 | |
Series 2020-NQM2, Class A1 (1.555% to 7-1-24, then 2.555% thereafter) (A) | 1.555 | 04-25-65 | 182,640 | 162,838 | |
Series 2021-NQM1, Class A1 (A)(B) | 0.874 | 01-25-66 | 237,100 | 199,584 |
18 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
Series 2021-NQM2, Class A1 (A)(B) | 1.036 | 05-25-66 | 193,167 | $149,807 | |
Series 2021-NQM3, Class A1 (A)(B) | 1.091 | 05-25-66 | 106,342 | 85,392 | |
GS Mortgage Securities Trust | |||||
Series 2015-590M, Class C (A)(B) | 3.932 | 10-10-35 | 115,000 | 99,500 | |
Series 2019-GC39, Class A2 | 3.457 | 05-10-52 | 220,000 | 212,346 | |
Series 2020-UPTN, Class A (A) | 2.751 | 02-10-37 | 120,000 | 109,818 | |
GS Mortgage-Backed Securities Trust | |||||
Series 2020-NQM1, Class A1 (A)(B) | 1.382 | 09-27-60 | 235,423 | 213,674 | |
Series 2021-NQM1, Class A1 (A)(B) | 1.017 | 07-25-61 | 182,009 | 150,206 | |
Imperial Fund Mortgage Trust | |||||
Series 2020-NQM1, Class A1 (A)(B) | 1.382 | 10-25-55 | 119,828 | 107,526 | |
Series 2021-NQM1, Class A1 (A)(B) | 1.071 | 06-25-56 | 168,501 | 139,849 | |
IMT Trust | |||||
Series 2017-APTS, Class AFX (A) | 3.478 | 06-15-34 | 215,000 | 204,358 | |
InTown Mortgage Trust | |||||
Series 2022-STAY, Class A (1 month CME Term SOFR + 2.489%) (A)(C) | 6.283 | 08-15-39 | 865,000 | 856,329 | |
Irvine Core Office Trust | |||||
Series 2013-IRV, Class A2 (A)(B) | 3.279 | 05-15-48 | 233,000 | 229,336 | |
JPMorgan Chase Commercial Mortgage Securities Trust | |||||
Series 2022-OPO, Class A (A) | 3.024 | 01-05-39 | 360,000 | 309,319 | |
KNDL Mortgage Trust | |||||
Series 2019-KNSQ, Class C (1 month LIBOR + 1.050%) (A)(C) | 4.923 | 05-15-36 | 485,000 | 471,815 | |
Life Mortgage Trust | |||||
Series 2021-BMR, Class A (1 month LIBOR + 0.700%) (A)(C) | 4.575 | 03-15-38 | 707,739 | 680,222 | |
Series 2021-BMR, Class D (1 month LIBOR + 1.400%) (A)(C) | 5.275 | 03-15-38 | 182,832 | 171,827 | |
Series 2022-BMR2, Class A1 (1 month CME Term SOFR + 1.295%) (A)(C) | 5.089 | 05-15-39 | 875,000 | 848,682 | |
MFA Trust | |||||
Series 2021-NQM1, Class A1 (A)(B) | 1.153 | 04-25-65 | 391,846 | 338,349 | |
MHP Trust | |||||
Series 2022-MHIL, Class A (1 month CME Term SOFR + 0.815%) (A)(C) | 4.609 | 01-15-27 | 267,206 | 254,645 | |
New Residential Mortgage Loan Trust | |||||
Series 2020-1A, Class A1B (A)(B) | 3.500 | 10-25-59 | 106,257 | 97,628 | |
NMLT Trust | |||||
Series 2021-INV1, Class A1 (A)(B) | 1.185 | 05-25-56 | 619,491 | 494,081 | |
OBX Trust | |||||
Series 2021-NQM3, Class A1 (A)(B) | 1.054 | 07-25-61 | 614,753 | 461,289 | |
One Market Plaza Trust | |||||
Series 2017-1MKT, Class D (A) | 4.146 | 02-10-32 | 200,000 | 184,203 | |
SLG Office Trust | |||||
Series 2021-OVA, Class A (A) | 2.585 | 07-15-41 | 465,000 | 375,057 | |
Series 2021-OVA, Class C (A) | 2.850 | 07-15-41 | 675,000 | 525,046 | |
SMRT | |||||
Series 2022-MINI, Class A (1 month CME Term SOFR + 1.000%) (A)(C) | 4.795 | 01-15-39 | 764,000 | 732,875 | |
Starwood Mortgage Residential Trust | |||||
Series 2021-2, Class A1 (A)(B) | 0.943 | 05-25-65 | 56,720 | 52,257 | |
Series 2022-1, Class A1 (A)(B) | 2.447 | 12-25-66 | 169,951 | 141,681 | |
Towd Point Mortgage Trust | |||||
Series 2015-1, Class A5 (A)(B) | 3.580 | 10-25-53 | 100,000 | 95,879 | |
Series 2015-6, Class M2 (A)(B) | 3.750 | 04-25-55 | 100,000 | 92,488 | |
Series 2017-2, Class A1 (A)(B) | 2.750 | 04-25-57 | 6,885 | 6,780 | |
Series 2018-1, Class A1 (A)(B) | 3.000 | 01-25-58 | 21,609 | 20,771 | |
Series 2018-4, Class A1 (A)(B) | 3.000 | 06-25-58 | 50,573 | 45,981 | |
Series 2018-6, Class A1 (A)(B) | 3.750 | 03-25-58 | 222,069 | 208,786 | |
Series 2018-6, Class A1A (A)(B) | 3.750 | 03-25-58 | 45,719 | 44,222 | |
Series 2019-1, Class A1 (A)(B) | 3.709 | 03-25-58 | 207,028 | 191,819 | |
Series 2019-4, Class A1 (A)(B) | 2.900 | 10-25-59 | 376,808 | 346,836 | |
Series 2020-1, Class A1 (A)(B) | 2.710 | 01-25-60 | 342,871 | 313,076 | |
Series 2020-4, Class A1 (A) | 1.750 | 10-25-60 | 601,619 | 529,495 | |
Verus Securitization Trust | |||||
Series 2020-4, Class A1 (1.502% to 7-1-24, then 2.502% thereafter) (A) | 1.502 | 05-25-65 | 299,088 | 266,960 | |
Series 2020-5, Class A1 (1.218% to 10-1-24, then 2.218% thereafter) (A) | 1.218 | 05-25-65 | 107,668 | 97,813 | |
Series 2021-1, Class A1 (A)(B) | 0.815 | 01-25-66 | 41,833 | 33,900 | |
Series 2021-3, Class A1 (A)(B) | 1.046 | 06-25-66 | 254,957 | 205,479 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 19 |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
Series 2021-4, Class A1 (A)(B) | 0.938 | 07-25-66 | 774,816 | $594,518 | |
Series 2021-5, Class A1 (A)(B) | 1.013 | 09-25-66 | 464,482 | 370,610 | |
Series 2021-R1, Class A1 (A)(B) | 0.820 | 10-25-63 | 108,678 | 94,457 | |
Series 2021-R2, Class A1 (A)(B) | 0.918 | 02-25-64 | 186,268 | 168,783 | |
Series 2022-4, Class A1 (4.474% to 4-1-26, then 5.474% thereafter) (A) | 4.474 | 04-25-67 | 266,484 | 254,916 | |
Visio Trust | |||||
Series 2020-1R, Class A1 (A) | 1.312 | 11-25-55 | 77,367 | 69,092 | |
Wells Fargo Commercial Mortgage Trust | |||||
Series 2020-C55, Class A2 | 2.766 | 02-15-53 | 220,000 | 206,759 | |
U.S. Government Agency 8.7% | 6,588,285 | ||||
Federal Home Loan Mortgage Corp. | |||||
Series 2021-DNA6, Class M1 (1 month SOFR + 0.800%) (A)(C) | 4.347 | 10-25-41 | 180,000 | 176,794 | |
Series 2021-DNA7, Class M1 (1 month SOFR + 0.850%) (A)(C) | 4.371 | 11-25-41 | 166,672 | 162,505 | |
Series 2022-DNA1, Class M1A (1 month SOFR + 1.000%) (A)(C) | 4.521 | 01-25-42 | 431,916 | 417,529 | |
Series 2022-DNA2, Class M1A (1 month SOFR + 1.300%) (A)(C) | 4.821 | 02-25-42 | 76,692 | 75,258 | |
Series 2022-DNA3, Class M1A (1 month SOFR + 2.000%) (A)(C) | 5.521 | 04-25-42 | 476,005 | 469,848 | |
Series 2022-DNA3, Class M1B (1 month SOFR + 2.900%) (A)(C) | 6.421 | 04-25-42 | 380,000 | 363,385 | |
Series 2022-DNA4, Class M1A (1 month SOFR + 2.200%) (A)(C) | 5.747 | 05-25-42 | 306,696 | 304,593 | |
Series 2022-DNA4, Class M1B (1 month SOFR + 3.350%) (A)(C) | 6.897 | 05-25-42 | 254,000 | 248,920 | |
Series 2022-DNA5, Class M1B (1 month SOFR + 4.500%) (A)(C) | 8.021 | 06-25-42 | 570,000 | 584,560 | |
Series 2022-HQA3, Class M1B (1 month SOFR + 3.550%) (A)(C) | 7.071 | 08-25-42 | 350,000 | 331,638 | |
Series K048, Class X1 IO | 0.345 | 06-25-25 | 10,008,135 | 48,410 | |
Federal National Mortgage Association | |||||
Series 2022-R03, Class 1M1 (1 month SOFR + 2.100%) (A)(C) | 5.621 | 03-25-42 | 239,263 | 236,423 | |
Series 2022-R04, Class 1M1 (1 month SOFR + 2.000%) (A)(C) | 5.521 | 03-25-42 | 73,415 | 72,499 | |
Series 2022-R06, Class 1M1 (1 month SOFR + 2.750%) (A)(C) | 6.271 | 05-25-42 | 223,449 | 223,449 | |
Series 2022-R08, Class 1M1 (1 month SOFR + 2.550%) (A)(C) | 6.071 | 07-25-42 | 159,783 | 158,725 | |
Series 427, Class C20 IO | 2.000 | 02-25-51 | 2,066,097 | 252,563 | |
Series 427, Class C77 IO | 2.500 | 09-25-51 | 982,517 | 141,470 | |
Government National Mortgage Association | |||||
Series 2020-108, Class IO | 0.847 | 06-16-62 | 2,560,612 | 156,604 | |
Series 2020-114, Class IO | 0.800 | 09-16-62 | 856,016 | 53,964 | |
Series 2020-118, Class IO | 0.885 | 06-16-62 | 731,321 | 46,946 | |
Series 2020-120, Class IO | 0.760 | 05-16-62 | 1,018,403 | 61,115 | |
Series 2020-137, Class IO | 0.794 | 09-16-62 | 4,075,070 | 238,034 | |
Series 2020-150, Class IO | 0.960 | 12-16-62 | 1,131,255 | 81,282 | |
Series 2020-170, Class IO | 0.833 | 11-16-62 | 521,811 | 34,007 | |
Series 2020-92, Class IO | 0.877 | 02-16-62 | 813,266 | 54,161 | |
Series 2021-10, Class IO | 0.983 | 05-16-63 | 447,476 | 33,461 | |
Series 2021-11, Class IO | 1.021 | 12-16-62 | 649,601 | 47,458 | |
Series 2021-203, Class IO | 0.868 | 07-16-63 | 5,836,120 | 402,212 | |
Series 2021-47, Class IO | 0.992 | 03-16-61 | 4,741,013 | 350,851 | |
Series 2022-150, Class IO | 0.824 | 06-16-64 | 5,573,951 | 383,854 | |
Series 2022-181, Class IO | 0.715 | 07-16-64 | 2,461,920 | 186,654 | |
Series 2022-57, Class IO | 0.756 | 09-16-63 | 2,969,685 | 189,113 | |
Asset backed securities 52.7% | $39,853,312 | ||||
(Cost $42,368,832) | |||||
Asset backed securities 52.7% | 39,853,312 | ||||
ABPCI Direct Lending Fund I, Ltd. | |||||
Series 2020-1A, Class A (A) | 3.199 | 12-20-30 | 586,000 | 530,808 | |
Aligned Data Centers Issuer LLC | |||||
Series 2021-1A, Class A2 (A) | 1.937 | 08-15-46 | 865,000 | 731,899 | |
Ally Auto Receivables Trust | |||||
Series 2022-1, Class A3 | 3.310 | 11-15-26 | 360,000 | 350,440 | |
AmeriCredit Automobile Receivables Trust | |||||
Series 2020-1, Class C | 1.590 | 10-20-25 | 150,000 | 143,994 |
20 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
AMSR Trust | |||||
Series 2019-SFR1, Class A (A) | 2.774 | 01-19-39 | 250,000 | $224,624 | |
Series 2020-SFR2, Class A (A) | 1.632 | 07-17-37 | 450,000 | 407,431 | |
Series 2020-SFR4, Class A (A) | 1.355 | 11-17-37 | 420,000 | 371,006 | |
Series 2021-SFR1, Class B (A)(B) | 2.153 | 06-17-38 | 250,000 | 203,961 | |
Series 2021-SFR4, Class A (A) | 2.117 | 12-17-38 | 200,000 | 170,880 | |
Apex Credit CLO, Ltd. | |||||
Series 2020-1A, Class A1R (3 month CME Term SOFR + 1.230%) (A)(C) | 5.193 | 10-20-31 | 706,000 | 690,870 | |
Applebee’s Funding LLC | |||||
Series 2019-1A, Class A2I (A) | 4.194 | 06-05-49 | 632,610 | 598,710 | |
Aqua Finance Trust | |||||
Series 2021-A, Class A (A) | 1.540 | 07-17-46 | 501,406 | 457,930 | |
Arby’s Funding LLC | |||||
Series 2020-1A, Class A2 (A) | 3.237 | 07-30-50 | 263,925 | 225,883 | |
Avis Budget Rental Car Funding AESOP LLC | |||||
Series 2019-3A, Class A (A) | 2.360 | 03-20-26 | 663,000 | 615,441 | |
Series 2020-1A, Class A (A) | 2.330 | 08-20-26 | 350,000 | 320,669 | |
Beacon Container Finance II LLC | |||||
Series 2021-1A, Class A (A) | 2.250 | 10-22-46 | 485,067 | 409,795 | |
Benefit Street Partners CLO XX, Ltd. | |||||
Series 2020-20A, Class AR (3 month LIBOR + 1.170%) (A)(C) | 5.249 | 07-15-34 | 300,000 | 290,602 | |
Benefit Street Partners CLO XXIII, Ltd. | |||||
Series 2021-23A, Class A1 (3 month LIBOR + 1.080%) (A)(C) | 5.438 | 04-25-34 | 250,000 | 241,349 | |
BRE Grand Islander Timeshare Issuer LLC | |||||
Series 2019-A, Class A (A) | 3.280 | 09-26-33 | 438,515 | 412,255 | |
Carlyle U.S. CLO, Ltd. | |||||
Series 2019-2A, Class A1R (3 month LIBOR + 1.120%) (A)(C) | 5.199 | 07-15-32 | 250,000 | 243,356 | |
Series 2020-2A, Class A1R (3 month LIBOR + 1.140%) (A)(C) | 5.498 | 01-25-35 | 250,000 | 240,947 | |
CarMax Auto Owner Trust | |||||
Series 2022-4, Class A3 | 5.340 | 08-16-27 | 112,000 | 112,569 | |
CARS-DB4 LP | |||||
Series 2020-1A, Class A1 (A) | 2.690 | 02-15-50 | 647,817 | 604,971 | |
Series 2020-1A, Class B1 (A) | 4.170 | 02-15-50 | 100,000 | 91,143 | |
CF Hippolyta Issuer LLC | |||||
Series 2020-1, Class A1 (A) | 1.690 | 07-15-60 | 960,079 | 849,786 | |
Series 2021-1A, Class A1 (A) | 1.530 | 03-15-61 | 628,494 | 542,076 | |
Chase Auto Credit Linked Notes | |||||
Series 2021-3, Class B (A) | 0.760 | 02-26-29 | 130,912 | 122,926 | |
CIFC Funding, Ltd. | |||||
Series 2020-2A, Class AR (3 month LIBOR + 1.170%) (A)(C) | 5.413 | 10-20-34 | 250,000 | 242,889 | |
CLI Funding VI LLC | |||||
Series 2020-1A, Class A (A) | 2.080 | 09-18-45 | 553,768 | 474,208 | |
CLI Funding VIII LLC | |||||
Series 2021-1A, Class A (A) | 1.640 | 02-18-46 | 586,755 | 494,473 | |
Series 2022-1A, Class A (A) | 2.720 | 01-18-47 | 467,024 | 392,424 | |
DataBank Issuer | |||||
Series 2021-1A, Class A2 (A) | 2.060 | 02-27-51 | 800,000 | 689,968 | |
Series 2021-2A, Class A2 (A) | 2.400 | 10-25-51 | 396,000 | 346,101 | |
DB Master Finance LLC | |||||
Series 2017-1A, Class A2II (A) | 4.030 | 11-20-47 | 395,288 | 357,685 | |
Series 2021-1A, Class A2I (A) | 2.045 | 11-20-51 | 363,330 | 311,464 | |
Diamond Infrastructure Funding LLC | |||||
Series 2021-1A, Class A (A) | 1.760 | 04-15-49 | 239,000 | 196,366 | |
Domino’s Pizza Master Issuer LLC | |||||
Series 2017-1A, Class A23 (A) | 4.118 | 07-25-47 | 715,328 | 655,935 | |
Series 2019-1A, Class A2 (A) | 3.668 | 10-25-49 | 356,908 | 301,745 | |
Series 2021-1A, Class A2I (A) | 2.662 | 04-25-51 | 758,450 | 634,399 | |
Driven Brands Funding LLC | |||||
Series 2018-1A, Class A2 (A) | 4.739 | 04-20-48 | 215,830 | 199,717 | |
Series 2020-2A, Class A2 (A) | 3.237 | 01-20-51 | 324,225 | 267,928 | |
Series 2021-1A, Class A2 (A) | 2.791 | 10-20-51 | 182,160 | 144,365 | |
Eaton Vance CLO, Ltd. | |||||
Series 2020-2A, Class BR (3 month LIBOR + 1.700%) (A)(C) | 5.779 | 01-15-35 | 250,000 | 236,740 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 21 |
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 | 216,922 | $200,994 | |
Series 2021-A, Class A (A) | 1.360 | 08-27-35 | 96,371 | 85,751 | |
Exeter Automobile Receivables Trust | |||||
Series 2021-1A, Class C | 0.740 | 01-15-26 | 173,361 | 169,095 | |
FirstKey Homes Trust | |||||
Series 2020-SFR1, Class A (A) | 1.339 | 08-17-37 | 125,001 | 111,532 | |
Series 2020-SFR2, Class A (A) | 1.266 | 10-19-37 | 445,748 | 392,947 | |
Series 2021-SFR1, Class A (A) | 1.538 | 08-17-38 | 459,431 | 393,368 | |
Series 2021-SFR1, Class C (A) | 1.888 | 08-17-38 | 213,000 | 176,925 | |
Series 2021-SFR2, Class A (A) | 1.376 | 09-17-38 | 111,820 | 94,495 | |
Five Guys Funding LLC | |||||
Series 2017-1A, Class A2 (A) | 4.600 | 07-25-47 | 176,763 | 166,256 | |
Golub Capital Partners Funding, Ltd. | |||||
Series 2020-1A, Class A2 (A) | 3.208 | 01-22-29 | 450,000 | 413,559 | |
Series 2021-1A, Class A2 (A) | 2.773 | 04-20-29 | 191,000 | 172,372 | |
HalseyPoint CLO II, Ltd. | |||||
Series 2020-2A, Class B (3 month LIBOR + 1.640%) (A)(C) | 5.883 | 07-20-31 | 286,000 | 277,106 | |
HI-FI Music IP Issuer LP | |||||
Series 2022-1A, Class A2 (A) | 3.939 | 02-01-62 | 243,000 | 217,972 | |
Hilton Grand Vacations Trust | |||||
Series 2018-AA, Class A (A) | 3.540 | 02-25-32 | 297,275 | 287,178 | |
HIN Timeshare Trust | |||||
Series 2020-A, Class A (A) | 1.390 | 10-09-39 | 232,597 | 211,644 | |
Home Partners of America Trust | |||||
Series 2019-1, Class A (A) | 2.908 | 09-17-39 | 79,239 | 71,570 | |
Series 2021-2, Class A (A) | 1.901 | 12-17-26 | 121,924 | 105,087 | |
Hotwire Funding LLC | |||||
Series 2021-1, Class A2 (A) | 2.311 | 11-20-51 | 147,000 | 127,673 | |
Hyundai Auto Receivables Trust | |||||
Series 2022-C, Class A3 | 5.390 | 06-15-27 | 525,000 | 528,830 | |
Jack in the Box Funding LLC | |||||
Series 2019-1A, Class A23 (A) | 4.970 | 08-25-49 | 112,988 | 99,965 | |
Series 2022-1A, Class A2I (A) | 3.445 | 02-26-52 | 203,895 | 177,405 | |
Laurel Road Prime Student Loan Trust | |||||
Series 2019-A, Class A2FX (A) | 2.730 | 10-25-48 | 159,048 | 154,252 | |
Madison Park Funding XI, Ltd. | |||||
Series 2013-11A, Class AR2 (3 month LIBOR + 0.900%) (A)(C) | 5.225 | 07-23-29 | 242,246 | 238,724 | |
Marathon CLO X, Ltd. | |||||
Series 2017-10A, Class A1AR (3 month LIBOR + 1.000%) (A)(C) | 5.606 | 11-15-29 | 209,941 | 206,345 | |
Monroe Capital Funding, Ltd. | |||||
Series 2021-1A, Class A2 (A) | 2.815 | 04-22-31 | 152,000 | 135,956 | |
MVW LLC | |||||
Series 2022-2A, Class A (A) | 6.110 | 10-21-41 | 170,000 | 171,827 | |
MVW Owner Trust | |||||
Series 2018-1A, Class A (A) | 3.450 | 01-21-36 | 53,594 | 51,805 | |
Navient Private Education Refi Loan Trust | |||||
Series 2019-FA, Class A2 (A) | 2.600 | 08-15-68 | 213,940 | 197,765 | |
Series 2020-BA, Class A2 (A) | 2.120 | 01-15-69 | 504,081 | 456,980 | |
Series 2020-FA, Class A (A) | 1.220 | 07-15-69 | 61,865 | 54,833 | |
Series 2020-GA, Class A (A) | 1.170 | 09-16-69 | 195,608 | 172,142 | |
Series 2020-HA, Class A (A) | 1.310 | 01-15-69 | 206,783 | 185,532 | |
Series 2021-A, Class A (A) | 0.840 | 05-15-69 | 616,891 | 526,716 | |
Navient Student Loan Trust | |||||
Series 2020-2A, Class A1A (A) | 1.320 | 08-26-69 | 74,538 | 62,804 | |
Neighborly Issuer LLC | |||||
Series 2021-1A, Class A2 (A) | 3.584 | 04-30-51 | 291,560 | 233,477 | |
Series 2022-1A, Class A2 (A) | 3.695 | 01-30-52 | 258,050 | 204,389 | |
Neuberger Berman Loan Advisers CLO 34, Ltd. | |||||
Series 2019-34A, Class BR (3 month CME Term SOFR + 1.750%) (A)(C) | 5.713 | 01-20-35 | 250,000 | 236,636 | |
New Economy Assets Phase 1 Sponsor LLC | |||||
Series 2021-1, Class A1 (A) | 1.910 | 10-20-61 | 997,000 | 842,950 | |
Series 2021-1, Class B1 (A) | 2.410 | 10-20-61 | 240,000 | 197,626 |
22 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
NYACK Park CLO, Ltd. | |||||
Series 2021-1A, Class A (3 month LIBOR + 1.120%) (A)(C) | 5.363 | 10-20-34 | 250,000 | $242,354 | |
Oaktree CLO, Ltd. | |||||
Series 2021-1A, Class A1 (3 month LIBOR + 1.160%) (A)(C) | 5.239 | 07-15-34 | 500,000 | 483,807 | |
Ocean Trails CLO X | |||||
Series 2020-10A, Class AR (3 month LIBOR + 1.220%) (A)(C) | 5.299 | 10-15-34 | 250,000 | 241,305 | |
OCP CLO, Ltd. | |||||
Series 2020-19A, Class AR (3 month LIBOR + 1.150%) (A)(C) | 5.393 | 10-20-34 | 250,000 | 241,844 | |
Octagon Investment Partners, Ltd. | |||||
Series 2020-3A, Class AR (3 month LIBOR + 1.150%) (A)(C) | 5.393 | 10-20-34 | 250,000 | 242,202 | |
Oxford Finance Funding LLC | |||||
Series 2019-1A, Class A2 (A) | 4.459 | 02-15-27 | 57,461 | 56,908 | |
Series 2020-1A, Class A2 (A) | 3.101 | 02-15-28 | 32,221 | 31,834 | |
Progress Residential Trust | |||||
Series 2021-SFR2, Class A (A) | 1.546 | 04-19-38 | 508,546 | 440,185 | |
Series 2021-SFR5, Class A (A) | 1.427 | 07-17-38 | 198,450 | 171,168 | |
Santander Revolving Auto Loan Trust | |||||
Series 2019-A, Class A (A) | 2.510 | 01-26-32 | 475,000 | 446,027 | |
SCF Equipment Leasing LLC | |||||
Series 2019-2A, Class B (A) | 2.760 | 08-20-26 | 300,000 | 288,154 | |
Series 2019-2A, Class C (A) | 3.110 | 06-21-27 | 130,000 | 122,406 | |
Series 2021-1A, Class B (A) | 1.370 | 08-20-29 | 200,000 | 180,028 | |
Series 2022-2A, Class A3 (A) | 6.500 | 10-21-30 | 819,000 | 826,837 | |
SERVPRO Master Issuer LLC | |||||
Series 2021-1A, Class A2 (A) | 2.394 | 04-25-51 | 279,740 | 218,496 | |
Sesac Finance LLC | |||||
Series 2019-1, Class A2 (A) | 5.216 | 07-25-49 | 257,355 | 237,238 | |
Sierra Timeshare Receivables Funding LLC | |||||
Series 2021-1A, Class A (A) | 0.990 | 11-20-37 | 92,648 | 85,580 | |
SMB Private Education Loan Trust | |||||
Series 2016-A, Class A2A (A) | 2.700 | 05-15-31 | 238,143 | 227,587 | |
Series 2019-B, Class A2A (A) | 2.840 | 06-15-37 | 173,991 | 162,612 | |
Series 2020-PTA, Class A2A (A) | 1.600 | 09-15-54 | 270,844 | 238,581 | |
Series 2021-A, Class APT2 (A) | 1.070 | 01-15-53 | 210,255 | 176,528 | |
Series 2021-D, Class A1A (A) | 1.340 | 03-17-53 | 228,519 | 202,264 | |
SoFi Professional Loan Program LLC | |||||
Series 2019-B, Class A2FX (A) | 3.090 | 08-17-48 | 122,849 | 114,848 | |
Sonic Capital LLC | |||||
Series 2020-1A, Class A2I (A) | 3.845 | 01-20-50 | 515,438 | 455,970 | |
Series 2020-1A, Class A2II (A) | 4.336 | 01-20-50 | 449,896 | 386,597 | |
Series 2021-1A, Class A2I (A) | 2.190 | 08-20-51 | 895,430 | 712,589 | |
Starwood Property Mortgage Trust | |||||
Series 2021-SIF2A, Class A1 (3 month CME Term SOFR + 1.550%) (A)(C) | 5.414 | 01-15-33 | 250,000 | 244,889 | |
Symphony Static CLO I, Ltd. | |||||
Series 2021-1A, Class A (3 month LIBOR + 0.830%) (A)(C) | 5.188 | 10-25-29 | 222,187 | 218,739 | |
Taco Bell Funding LLC | |||||
Series 2016-1A, Class A23 (A) | 4.970 | 05-25-46 | 429,975 | 412,737 | |
Series 2021-1A, Class A2I (A) | 1.946 | 08-25-51 | 952,380 | 803,627 | |
TAL Advantage VII LLC | |||||
Series 2020-1A, Class A (A) | 2.050 | 09-20-45 | 166,088 | 144,557 | |
TIF Funding II LLC | |||||
Series 2020-1A, Class A (A) | 2.090 | 08-20-45 | 655,875 | 561,158 | |
Series 2021-1A, Class A (A) | 1.650 | 02-20-46 | 566,225 | 457,519 | |
Toyota Auto Receivables Owner Trust | |||||
Series 2022-D, Class A3 | 5.300 | 09-15-27 | 475,000 | 479,183 | |
Tricon American Homes Trust | |||||
Series 2020-SFR2, Class A (A) | 1.482 | 11-17-39 | 332,722 | 276,028 | |
Triton Container Finance VIII LLC | |||||
Series 2020-1A, Class A (A) | 2.110 | 09-20-45 | 1,023,871 | 870,068 | |
Series 2021-1A, Class A (A) | 1.860 | 03-20-46 | 283,250 | 236,203 | |
Vantage Data Centers LLC | |||||
Series 2019-1A, Class A2 (A) | 3.188 | 07-15-44 | 592,110 | 557,550 | |
Series 2020-1A, Class A2 (A) | 1.645 | 09-15-45 | 310,000 | 270,365 | |
Series 2020-2A, Class A2 (A) | 1.992 | 09-15-45 | 620,000 | 503,316 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 23 |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
VCP RRL ABS I, Ltd. | |||||
Series 2021-1A, Class A (A) | 2.152 | 10-20-31 | 70,973 | $64,137 | |
VR Funding LLC | |||||
Series 2020-1A, Class A (A) | 2.790 | 11-15-50 | 118,449 | 104,364 | |
VSE VOI Mortgage LLC | |||||
Series 2017-A, Class A (A) | 2.330 | 03-20-35 | 76,766 | 73,233 | |
Wendy’s Funding LLC | |||||
Series 2021-1A, Class A2I (A) | 2.370 | 06-15-51 | 994,413 | 798,940 | |
Wingstop Funding LLC | |||||
Series 2020-1A, Class A2 (A) | 2.841 | 12-05-50 | 452,580 | 385,197 | |
Zaxby’s Funding LLC | |||||
Series 2021-1A, Class A2 (A) | 3.238 | 07-30-51 | 237,000 | 192,342 |
Total investments (Cost $77,474,702) 96.8% | $73,139,530 | ||||
Other assets and liabilities, net 3.2% | 2,449,434 | ||||
Total net assets 100.0% | $75,588,964 |
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 $66,168,987 or 87.5% of the portfolio’s net assets as of 11-30-22. |
(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. |
24 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | Managed Account Shares Securitized Debt Portfolio | |
Assets | |||
Unaffiliated investments, at value | $61,387,765 | $31,740,469 | $73,139,530 |
Cash | 1,629,189 | 1,366,088 | 1,880,564 |
Dividends and interest receivable | 729,004 | 503,784 | 190,375 |
Receivable for fund shares sold | 1,658,512 | 895,667 | 1,923,130 |
Receivable for investments sold | — | 218,559 | — |
Receivable from affiliates | 3,629 | 3,792 | 3,997 |
Other assets | 21,215 | 19,618 | 22,119 |
Total assets | 65,429,314 | 34,747,977 | 77,159,715 |
Liabilities | |||
Distributions payable | 241,014 | 189,346 | 219,998 |
Payable for investments purchased | 1,614,061 | 1,670,457 | 1,216,442 |
Payable for fund shares repurchased | 100,267 | 100,592 | 111,090 |
Payable to affiliates | |||
Accounting and legal services fees | 2,430 | 1,751 | 3,243 |
Trustees’ fees | 13 | 10 | 16 |
Other liabilities and accrued expenses | 19,913 | 20,333 | 19,962 |
Total liabilities | 1,977,698 | 1,982,489 | 1,570,751 |
Net assets | $63,451,616 | $32,765,488 | $75,588,964 |
Net assets consist of | |||
Paid-in capital | $70,203,567 | $39,788,244 | $80,610,286 |
Total distributable earnings (loss) | (6,751,951) | (7,022,756) | (5,021,322) |
Net assets | $63,451,616 | $32,765,488 | $75,588,964 |
Unaffiliated investments, at cost | $66,278,185 | $35,494,261 | $77,474,702 |
Total investments, at cost | 66,278,185 | 35,494,261 | 77,474,702 |
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 | $63,451,616 | $32,765,488 | $75,588,964 |
Shares outstanding | 7,470,014 | 4,003,185 | 8,454,319 |
Net asset value per share | $8.49 | $8.18 | $8.94 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 25 |
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 | $875,225 | $1,030,055 | $926,460 |
Dividends from unaffiliated investments | — | 12,544 | — |
Less foreign taxes withheld | (15) | (1,200) | — |
Total investment income | 875,210 | 1,041,399 | 926,460 |
Expenses | |||
Investment management fees | 134,749 | 109,853 | 169,168 |
Accounting and legal services fees | 3,281 | 2,626 | 4,094 |
Trustees’ fees | 432 | 421 | 480 |
Custodian fees | 4,180 | 4,333 | 4,706 |
State registration fees | 12,896 | 12,707 | 12,848 |
Printing and postage | 7,978 | 8,114 | 8,048 |
Professional fees | 18,124 | 18,423 | 18,171 |
Other | 6,753 | 6,682 | 6,756 |
Total expenses | 188,393 | 163,159 | 224,271 |
Less expense reductions | (188,393) | (163,159) | (224,271) |
Net expenses | — | — | — |
Net investment income | 875,210 | 1,041,399 | 926,460 |
Realized and unrealized gain (loss) | |||
Net realized gain (loss) on | |||
Unaffiliated investments | (849,062) | (2,042,183) | (196,263) |
Change in net unrealized appreciation (depreciation) of | |||
Unaffiliated investments | (627,788) | (346,592) | (2,028,594) |
Net realized and unrealized loss | (1,476,850) | (2,388,775) | (2,224,857) |
Decrease in net assets from operations | $(601,640) | $(1,347,376) | $(1,298,397) |
26 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL 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 | ||||
Six months ended 11-30-22 (unaudited) | Year ended 5-31-22 | Six months ended 11-30-22 (unaudited) | Year ended 5-31-22 | Six months ended 11-30-22 (unaudited) | Year ended 5-31-22 | |
Increase (decrease) in net assets | ||||||
From operations | ||||||
Net investment income | $875,210 | $959,490 | $1,041,399 | $1,579,138 | $926,460 | $768,508 |
Net realized loss | (849,062) | (360,608) | (2,042,183) | (419,309) | (196,263) | (542,571) |
Change in net unrealized appreciation (depreciation) | (627,788) | (4,458,093) | (346,592) | (3,790,764) | (2,028,594) | (2,418,106) |
Decrease in net assets resulting from operations | (601,640) | (3,859,211) | (1,347,376) | (2,630,935) | (1,298,397) | (2,192,169) |
Distributions to shareholders | ||||||
From net investment income and realized gain | (1,043,734) | (1,391,235) | (1,206,075) | (1,817,954) | (869,509) | (794,340) |
Total distributions | (1,043,734) | (1,391,235) | (1,206,075) | (1,817,954) | (869,509) | (794,340) |
From portfolio share transactions | 27,821,272 | 18,086,738 | (3,347,869) | 20,002,604 | 40,330,631 | 15,891,816 |
Total increase (decrease) | 26,175,898 | 12,836,292 | (5,901,320) | 15,553,715 | 38,162,725 | 12,905,307 |
Net assets | ||||||
Beginning of period | 37,275,718 | 24,439,426 | 38,666,808 | 23,113,093 | 37,426,239 | 24,520,932 |
End of period | $63,451,616 | $37,275,718 | $32,765,488 | $38,666,808 | $75,588,964 | $37,426,239 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 27 |
Period ended | 11-30-221 | 5-31-22 | 5-31-21 | 5-31-202 |
Per share operating performance | ||||
Net asset value, beginning of period | $8.97 | $10.34 | $10.02 | $10.00 |
Net investment income3 | 0.17 | 0.29 | 0.28 | 0.30 |
Net realized and unrealized gain (loss) on investments | (0.44) | (1.24) | 0.43 | 0.07 |
Total from investment operations | (0.27) | (0.95) | 0.71 | 0.37 |
Less distributions | ||||
From net investment income | (0.21) | (0.39) | (0.38) | (0.35) |
From net realized gain | — | (0.03) | (0.01) | — |
Total distributions | (0.21) | (0.42) | (0.39) | (0.35) |
Net asset value, end of period | $8.49 | $8.97 | $10.34 | $10.02 |
Total return (%)4 | (3.01)5 | (9.54) | 7.09 | 3.745 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $63 | $37 | $24 | $8 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.886 | 0.91 | 1.17 | 1.876 |
Expenses including reductions | —6 | —7 | — | —6 |
Net investment income | 4.096 | 2.90 | 2.73 | 3.336 |
Portfolio turnover (%) | 20 | 40 | 58 | 39 |
1 | Six months ended 11-30-22. Unaudited. |
2 | Period from 7-9-19 (commencement of operations) to 5-31-20. |
3 | Based on average daily shares outstanding. |
4 | Total returns would have been lower had certain expenses not been reduced during the period. |
5 | Not annualized. |
6 | Annualized. |
7 | Less than 0.005%. |
Period ended | 11-30-221 | 5-31-22 | 5-31-21 | 5-31-202 |
Per share operating performance | ||||
Net asset value, beginning of period | $8.77 | $9.85 | $9.10 | $10.00 |
Net investment income3 | 0.25 | 0.45 | 0.48 | 0.52 |
Net realized and unrealized gain (loss) on investments | (0.55) | (1.01) | 0.83 | (0.87) |
Total from investment operations | (0.30) | (0.56) | 1.31 | (0.35) |
Less distributions | ||||
From net investment income | (0.29) | (0.52) | (0.56) | (0.55) |
Net asset value, end of period | $8.18 | $8.77 | $9.85 | $9.10 |
Total return (%)4 | (3.41)5 | (5.98) | 14.69 | (3.62)5 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $33 | $39 | $23 | $7 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.946 | 0.92 | 1.32 | 1.936 |
Expenses including reductions | —6 | — | — | —6,7 |
Net investment income | 5.976 | 4.76 | 4.96 | 6.036 |
Portfolio turnover (%) | 36 | 35 | 34 | 40 |
1 | Six months ended 11-30-22. Unaudited. |
2 | Period from 7-9-19 (commencement of operations) to 5-31-20. |
3 | Based on average daily shares outstanding. |
4 | Total returns would have been lower had certain expenses not been reduced during the period. |
5 | Not annualized. |
6 | Annualized. |
7 | Less than 0.005%. |
28 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Period ended | 11-30-221 | 5-31-22 | 5-31-21 | 5-31-202 |
Per share operating performance | ||||
Net asset value, beginning of period | $9.33 | $10.17 | $9.96 | $10.00 |
Net investment income3 | 0.16 | 0.24 | 0.25 | 0.25 |
Net realized and unrealized gain (loss) on investments | (0.41) | (0.84) | 0.25 | (0.02) |
Total from investment operations | (0.25) | (0.60) | 0.50 | 0.23 |
Less distributions | ||||
From net investment income | (0.14) | (0.23) | (0.27) | (0.27) |
From net realized gain | — | (0.01) | (0.02) | — |
Total distributions | (0.14) | (0.24) | (0.29) | (0.27) |
Net asset value, end of period | $8.94 | $9.33 | $10.17 | $9.96 |
Total return (%)4 | (2.64)5 | (5.98) | 5.02 | 2.375 |
Ratios and supplemental data | ||||
Net assets, end of period (in millions) | $76 | $37 | $25 | $8 |
Ratios (as a percentage of average net assets): | ||||
Expenses before reductions | 0.846 | 0.93 | 1.25 | 1.866 |
Expenses including reductions | —6 | — | — | —6 |
Net investment income | 3.456 | 2.39 | 2.48 | 2.806 |
Portfolio turnover (%) | 11 | 54 | 32 | 41 |
1 | Six months ended 11-30-22. Unaudited. |
2 | Period from 7-9-19 (commencement of operations) to 5-31-20. |
3 | Based on average daily shares outstanding. |
4 | Total returns would have been lower had certain expenses not been reduced during the period. |
5 | Not annualized. |
6 | Annualized. |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 29 |
Total value at 11-30-22 | 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 | ||||
Corporate bonds | $61,033,533 | — | $61,033,533 | — |
Municipal bonds | 354,232 | — | 354,232 | — |
Total investments in securities | $61,387,765 | — | $61,387,765 | — |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | ||||
Investments in securities: | ||||
Assets |
30 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT |
Total value at 11-30-22 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio (continued) | ||||
Foreign government obligations | $108,702 | — | $108,702 | — |
Corporate bonds | 30,689,845 | — | 30,689,845 | — |
Term loans | 713,892 | — | 713,892 | — |
Asset backed securities | 29,470 | — | 29,470 | — |
Common stocks | 127,070 | $127,070 | — | — |
Preferred securities | 71,440 | 71,440 | — | — |
Escrow certificates | 50 | — | 50 | — |
Total investments in securities | $31,740,469 | $198,510 | $31,541,959 | — |
Managed Account Shares Securitized Debt Portfolio | ||||
Investments in securities: | ||||
Assets | ||||
Collateralized mortgage obligations | $33,286,218 | — | $33,286,218 | — |
Asset backed securities | 39,853,312 | — | 39,853,312 | — |
Total investments in securities | $73,139,530 | — | $73,139,530 | — |
SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 31 |
Portfolio | Commitment fee |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | $1,626 |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | 1,629 |
Managed Account Shares Securitized Debt Portfolio | 1,627 |
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 | $66,650,252 | $139,680 | $(5,402,167) | $(5,262,487) |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | 35,693,224 | 68,404 | (4,021,159) | (3,952,755) |
Managed Account Shares Securitized Debt Portfolio | 77,529,062 | 54,111 | (4,443,643) | (4,389,532) |
32 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT |
Portfolio | Expense Reductions | |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | $188,393 | |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | 163,159 | |
Managed Account Shares Securitized Debt Portfolio | 224,271 |
SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 33 |
Six Months Ended 11-30-22 | Year Ended 5-31-22 | |||
Shares | Amount | Shares | Amount | |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | ||||
Sold | 4,484,742 | $37,927,318 | 2,977,309 | $29,757,868 |
Repurchased | (1,171,945) | (10,106,046) | (1,184,389) | (11,671,130) |
Net increase | 3,312,797 | $27,821,272 | 1,792,920 | $18,086,738 |
Total net increase | 3,312,797 | $27,821,272 | 1,792,920 | $18,086,738 |
Six Months Ended 11-30-22 | Year Ended 5-31-22 | |||
Shares | Amount | Shares | Amount | |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | ||||
Sold | 1,835,479 | $15,171,115 | 3,508,885 | $33,536,601 |
Repurchased | (2,242,834) | (18,518,984) | (1,444,308) | (13,533,997) |
Net increase (decrease) | (407,355) | $(3,347,869) | 2,064,577 | $20,002,604 |
Total net increase (decrease) | (407,355) | $(3,347,869) | 2,064,577 | $20,002,604 |
Six Months Ended 11-30-22 | Year Ended 5-31-22 | |||
Shares | Amount | Shares | Amount | |
Managed Account Shares Securitized Debt Portfolio | ||||
Sold | 5,504,283 | $50,026,415 | 3,004,097 | $29,700,124 |
Repurchased | (1,062,324) | (9,695,784) | (1,402,156) | (13,808,308) |
Net increase | 4,441,959 | $40,330,631 | 1,601,941 | $15,891,816 |
Total net increase | 4,441,959 | $40,330,631 | 1,601,941 | $15,891,816 |
Portfolio | Purchases | Sales |
Managed Account Shares Investment-Grade Corporate Bond Portfolio | $34,814,514 | $8,488,951 |
Managed Account Shares Non-Investment-Grade Corporate Bond Portfolio | 12,082,821 | 15,677,575 |
Managed Account Shares Securitized Debt Portfolio | 44,594,302 | 6,074,829 |
34 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 35 |
Total votes for the nominee | Total votes withheld from the nominee | |
Independent Trustees | ||
James R. Boyle | 177,164,340.014 | 3,716,147.788 |
Noni L. Ellison | 177,128,347.574 | 3,752,140.228 |
Dean C. Garfield | 177,036,851.380 | 3,843,636.422 |
Patricia Lizarraga | 177,237,883.950 | 3,642,603.852 |
Frances G. Rathke | 177,205,849.291 | 3,674,638.511 |
Non-Independent Trustees | ||
Andrew G. Arnott | 177,118,200.389 | 3,762,287.413 |
Marianne Harrison | 177,285,876.701 | 3,594,611.101 |
Paul Lorentz | 177,166,810.586 | 3,713,677.216 |
36 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 37 |
38 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 39 |
40 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 41 |
42 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 43 |
44 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 45 |
46 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 47 |
48 | JOHN HANCOCK MANAGED ACCOUNT SHARES | SEMIANNUAL REPORT |
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†
James R. Boyle
Peter S. Burgess*,#
William H. Cunningham*
Grace K. Fey
Noni L. Ellison^
Dean C. Garfield^
Marianne Harrison†
Deborah C. Jackson
Patricia Lizarraga*,^
Paul Lorentz‡
Frances G. Rathke*
Gregory A. Russo
President
Chief Financial Officer
Treasurer
Secretary and Chief Legal Officer
Chief Compliance Officer
Howard C. Greene, CFA
Connor Minnaar, CFA§
Pranay Sonalkar
You can also contact us: | ||
800-247-0278 | 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 |
SEMIANNUAL REPORT | JOHN HANCOCK MANAGED ACCOUNT SHARES | 49 |
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, 800-247-0278, jhinvestments.com
MF2630391 | JHMASSA 11/22 |
ITEM 2. CODE OF ETHICS.
(a)Not Applicable
(b)Not Applicable
(c)Not Applicable
(d)Not Applicable
(e)Not Applicable
(f)Not Applicable
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Not Applicable
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
(a)Not Applicable
(b)Not Applicable
(c)Not Applicable
(d)Not Applicable
(e)Not Applicable
(f)Not Applicable
(g)Not Applicable
(h)Not Applicable
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS
Not Applicable
ITEM 6. SCHEDULE OF INVESTMENTS.
(a)Not Applicable
(b)Not Applicable
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED- END MANAGEMENT INVESTMENT COMPANIES.
Not applicable
ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable
ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
Not applicable
ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
(a)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 and Governance 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.
(a)(1) Not applicable
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
John Hancock Strategic Series
By: | /s/ Andrew Arnott |
| Andrew Arnott |
| President |
Date: | January 10, 2023 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Andrew Arnott |
| Andrew Arnott |
| President |
Date: | January 10, 2023 |
By: | /s/ Charles A. Rizzo |
| Charles A. Rizzo |
| Chief Financial Officer |
Date: | January 10, 2023 |