John Hancock
California Municipal Bond Fund
Quarterly portfolio holdings 8/31/2022
Fund’s investments |
As of 8-31-22 (unaudited)
Rate (%) | Maturity date | Par value^ | Value | ||
Municipal bonds 101.0% | $241,418,686 | ||||
(Cost $249,257,872) | |||||
California 99.4% | 237,445,117 | ||||
ABAG Finance Authority for Nonprofit Corporations Sharp HealthCare, Series A | 5.000 | 08-01-43 | 2,000,000 | 2,032,658 | |
Alameda Corridor Transportation Authority Capital Appreciation Senior, Series A, Convertible (0.000% to 10-01-37, then 5.400% thenafter) | 0.000 | 10-01-50 | 2,500,000 | 1,254,826 | |
Antelope Valley Community College District Election 2016, Series B, GO | 4.000 | 08-01-45 | 500,000 | 475,733 | |
Bay Area Water Supply & Conservation Agency Capital Cost Recovery Prepayment Program, Series A (A) | 5.000 | 10-01-33 | 2,000,000 | 2,295,491 | |
Burbank Unified School District Convertible Capital Appreciation Election 2013, GO (0.000% to 8-1-23, then 4.500% thereafter) | 0.000 | 08-01-37 | 1,770,000 | 1,791,956 | |
California Community Choice Financing Authority Clean Energy Project Revenue, Series A | 4.000 | 10-01-52 | 1,250,000 | 1,273,466 | |
California Community Housing Agency Stoneridge Apartments, Series A (B) | 4.000 | 02-01-56 | 600,000 | 480,884 | |
California Community Housing Agency Verdant at Green Valley Project, Series A (B) | 5.000 | 08-01-49 | 1,000,000 | 939,489 | |
California County Tobacco Securitization Agency Fresno County Funding Corp. | 6.000 | 06-01-35 | 1,010,000 | 1,010,269 | |
California County Tobacco Securitization Agency Kern County Tobacco Funding Corp. | 5.000 | 06-01-40 | 1,500,000 | 1,511,110 | |
California County Tobacco Securitization Agency Merced County Tobacco Funding Corp. | 5.000 | 06-01-50 | 470,000 | 480,159 | |
California County Tobacco Securitization Agency Tobacco Settlement Revenue, Series A | 4.000 | 06-01-49 | 1,000,000 | 938,915 | |
California Educational Facilities Authority Pepperdine University | 5.000 | 10-01-49 | 1,500,000 | 1,637,221 | |
California Educational Facilities Authority University of Redlands, Series A | 5.000 | 10-01-35 | 1,000,000 | 1,015,762 | |
California Enterprise Development Authority Academy for Academic Excellence Project, Series A (B) | 5.000 | 07-01-40 | 430,000 | 431,434 | |
California Enterprise Development Authority Academy for Academic Excellence Project, Series A (B) | 5.000 | 07-01-50 | 350,000 | 345,315 | |
California Enterprise Development Authority Academy for Academic Excellence Project, Series A (B) | 5.000 | 07-01-55 | 240,000 | 233,568 | |
California Health Facilities Financing Authority Children’s Hospital, Series A | 5.000 | 08-15-47 | 1,000,000 | 1,025,407 | |
California Health Facilities Financing Authority City of Hope Obligated Group | 4.000 | 11-15-45 | 1,000,000 | 947,904 | |
California Health Facilities Financing Authority Commonspirit Health, Series A | 4.000 | 04-01-37 | 1,750,000 | 1,710,463 | |
California Health Facilities Financing Authority El Camino Hospital | 5.000 | 02-01-42 | 1,000,000 | 1,052,782 | |
California Health Facilities Financing Authority El Camino Hospital | 5.000 | 02-01-47 | 1,425,000 | 1,490,148 | |
California Health Facilities Financing Authority Lucile Packard Children’s Hospital, Series A | 5.000 | 08-15-43 | 1,000,000 | 1,024,493 | |
California Health Facilities Financing Authority Lucile Packard Children’s Hospital, Series B | 5.000 | 08-15-55 | 1,000,000 | 1,046,885 | |
California Housing Finance Agency Series A | 4.250 | 01-15-35 | 955,459 | 958,107 | |
California Infrastructure & Economic Development Bank National Charter School Revolving Loan Fund Revenue Senior Equitable School Revolving Fund, Series B | 4.125 | 11-01-52 | 1,300,000 | 1,210,124 | |
California Infrastructure & Economic Development Bank Sustainability Bonds, California Science Center Phase III | 4.000 | 05-01-36 | 1,000,000 | 1,008,625 |
2 | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
California (continued) | |||||
California Municipal Finance Authority Channing House Project, Series A (C) | 4.000 | 05-15-40 | 1,500,000 | $1,480,742 | |
California Municipal Finance Authority Community Facilities District, No. 2020-6 | 5.000 | 09-01-42 | 500,000 | 496,731 | |
California Municipal Finance Authority HumanGood Obligated Group | 5.000 | 10-01-35 | 350,000 | 376,443 | |
California Municipal Finance Authority HumanGood Obligated Group, Series A | 5.000 | 10-01-44 | 1,000,000 | 1,027,558 | |
California Municipal Finance Authority Paradise Valley Estates Project, Series A (C) | 5.000 | 01-01-49 | 1,500,000 | 1,610,235 | |
California Municipal Finance Authority Retirement Housing Foundation Obligation Group, Series A | 5.000 | 11-15-31 | 1,500,000 | 1,752,465 | |
California Municipal Finance Authority West Village Student Housing Project at UC Davis (C) | 4.000 | 05-15-48 | 1,565,000 | 1,408,324 | |
California Municipal Finance Authority Wineville School Project, Series A (C) | 5.000 | 10-01-42 | 2,000,000 | 2,098,959 | |
California Pollution Control Financing Authority San Diego County Water Authority Desalination Project Pipeline (B) | 5.000 | 07-01-39 | 2,500,000 | 2,516,002 | |
California Pollution Control Financing Authority Waste Management, Inc., Series A1, AMT | 3.375 | 07-01-25 | 1,000,000 | 999,299 | |
California Pollution Control Financing Authority Waste Management, Inc., Series A3, AMT | 4.300 | 07-01-40 | 4,675,000 | 4,718,179 | |
California Public Finance Authority Enso Village Project, Series A (B) | 5.000 | 11-15-46 | 1,100,000 | 1,015,750 | |
California Public Finance Authority Excelsior Charter Schools Project, Series A (B) | 5.000 | 06-15-50 | 500,000 | 479,677 | |
California Public Finance Authority Excelsior Charter Schools Project, Series A (B) | 5.000 | 06-15-55 | 500,000 | 474,521 | |
California Public Finance Authority Henry Mayo Newhall Hospital | 5.000 | 10-15-47 | 2,000,000 | 2,042,955 | |
California Public Finance Authority Trinity Classical Academy, Series A (B) | 5.000 | 07-01-44 | 485,000 | 468,099 | |
California Public Finance Authority Trinity Classical Academy, Series A (B) | 5.000 | 07-01-54 | 325,000 | 304,938 | |
California School Finance Authority Aspire Public School (B) | 5.000 | 08-01-46 | 110,000 | 117,981 | |
California School Finance Authority Aspire Public School (B) | 5.000 | 08-01-46 | 1,165,000 | 1,177,500 | |
California School Finance Authority Classical Academies Oceanside (B) | 5.000 | 10-01-42 | 500,000 | 510,211 | |
California School Finance Authority College Housing Revenue (B) | 4.000 | 11-01-41 | 1,000,000 | 851,122 | |
California School Finance Authority College Housing Revenue (B) | 4.000 | 11-01-55 | 580,000 | 449,400 | |
California School Finance Authority Granada Hills Charter High School Obligated Group (B) | 5.000 | 07-01-43 | 1,000,000 | 1,010,080 | |
California School Finance Authority John Adams Academies, Series A (B) | 5.125 | 07-01-62 | 1,000,000 | 942,662 | |
California School Finance Authority KIPP LA Project, Series A (B) | 5.000 | 07-01-47 | 1,500,000 | 1,518,332 | |
California State Public Works Board California Air Resource Board, Series D | 4.000 | 05-01-44 | 1,000,000 | 980,119 | |
California State Public Works Board Various Capital Projects, Series A | 5.000 | 08-01-36 | 1,000,000 | 1,133,174 | |
California State Public Works Board Various Correctional Facilities, Series A | 5.000 | 09-01-39 | 2,500,000 | 2,607,268 | |
California Statewide Communities Development Authority Adventist Health System, Series A | 5.000 | 03-01-48 | 1,885,000 | 1,935,730 | |
California Statewide Communities Development Authority CHF Irvine LLC | 5.000 | 05-15-40 | 1,485,000 | 1,520,650 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | 3 |
Rate (%) | Maturity date | Par value^ | Value | ||
California (continued) | |||||
California Statewide Communities Development Authority Emanate Health, Series A | 4.000 | 04-01-45 | 2,000,000 | $1,856,721 | |
California Statewide Communities Development Authority Front Porch Communities & Services | 3.000 | 04-01-37 | 2,000,000 | 1,716,814 | |
California Statewide Communities Development Authority Front Porch Communities and Services, Series A | 5.000 | 04-01-47 | 815,000 | 838,714 | |
California Statewide Communities Development Authority Infrastructure Program Revenue, Series B | 5.000 | 09-02-44 | 1,000,000 | 1,016,226 | |
California Statewide Communities Development Authority John Muir Health, Series A | 4.000 | 08-15-46 | 1,125,000 | 1,066,617 | |
California Statewide Communities Development Authority Redlands Community Hospital | 5.000 | 10-01-46 | 2,000,000 | 2,065,355 | |
California Statewide Communities Development Authority Redwoods Project (C) | 5.375 | 11-15-44 | 1,500,000 | 1,554,029 | |
California Statewide Communities Development Authority Special Tax Community Facilities District No. 2020 02 | 5.125 | 09-01-42 | 500,000 | 505,171 | |
California Statewide Communities Development Authority Statewide Community Infrastructure Program Revenue, Series A | 4.000 | 09-02-51 | 1,000,000 | 833,784 | |
California Statewide Financing Authority Tobacco Settlement, Series A | 6.000 | 05-01-37 | 2,400,000 | 2,442,484 | |
California Statewide Financing Authority Tobacco Settlement, Series B | 6.000 | 05-01-37 | 2,880,000 | 2,930,980 | |
Cascade Union Elementary School District Election 2016, Series A, GO (C) | 3.750 | 08-01-46 | 250,000 | 221,660 | |
Chino Valley Unified School District Capital Appreciation Election 2016, Series C, GO (D) | 4.113 | 08-01-36 | 250,000 | 141,486 | |
Chino Valley Unified School District Capital Appreciation Election 2016, Series C, GO (D) | 4.463 | 08-01-40 | 675,000 | 305,173 | |
City & County of San Francisco Infrastructure & Revitalization Financing District No. 1 Series A (B) | 5.000 | 09-01-52 | 1,000,000 | 975,235 | |
City of Belmont Library Project, Series A (C) | 5.750 | 08-01-24 | 435,000 | 455,158 | |
City of Irvine Community Facilities District, No. 2013-3 Great Park | 5.000 | 09-01-49 | 2,000,000 | 2,039,078 | |
City of Long Beach Alamitos Bay Marina Project | 5.000 | 05-15-45 | 1,000,000 | 1,012,810 | |
City of Long Beach Community Facilities District 6-Pike Project | 6.250 | 10-01-26 | 1,540,000 | 1,543,573 | |
City of Long Beach Harbor Revenue, Series A | 5.000 | 05-15-49 | 500,000 | 544,357 | |
City of Long Beach CA Airport System Revenue Series C, AMT (C) | 5.000 | 06-01-42 | 500,000 | 528,727 | |
City of Los Angeles Community Facilities District Cascades Business Park | 6.400 | 09-01-22 | 85,000 | 85,000 | |
City of Los Angeles Department of Airports Los Angeles International Airport, Series A, AMT | 4.000 | 05-15-44 | 1,500,000 | 1,411,335 | |
City of Los Angeles Department of Airports Los Angeles International Airport, Series C, AMT | 5.000 | 05-15-35 | 1,000,000 | 1,074,210 | |
City of Los Angeles Department of Airports Los Angeles International Airport, Series D, AMT | 4.000 | 05-15-44 | 2,000,000 | 1,881,780 | |
City of Los Angeles Department of Airports Los Angeles International Airport, Series F, AMT | 3.000 | 05-15-49 | 1,000,000 | 751,280 | |
City of Oroville Revenue Oroville Hospital | 5.250 | 04-01-49 | 1,000,000 | 995,322 | |
City of Rocklin Special Tax Community Facilities District No. 10 Whitney (C) | 4.000 | 09-01-43 | 2,000,000 | 1,928,303 | |
City of Sacramento Greenbriar Community Facilities District No. 2018-3 | 4.000 | 09-01-50 | 600,000 | 523,462 | |
City of San Clemente Community Facilities District, No. 2006-1 | 5.000 | 09-01-46 | 1,955,000 | 2,001,334 |
4 | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
California (continued) | |||||
City of San Mateo Community Facilities District, No. 2008-1 Bay Meadows | 5.500 | 09-01-44 | 2,000,000 | $2,000,000 | |
City of Vernon Electric System Revenue Series 2022-A | 5.000 | 08-01-40 | 360,000 | 379,830 | |
City of Vernon Electric System Revenue Series 2022-A | 5.000 | 08-01-41 | 400,000 | 420,266 | |
City of Victorville CA Electric Revenue Series A | 5.000 | 05-01-34 | 500,000 | 538,190 | |
City of Victorville CA Electric Revenue Series A | 5.000 | 05-01-35 | 540,000 | 579,140 | |
City of Victorville CA Electric Revenue Series A | 5.000 | 05-01-36 | 500,000 | 534,854 | |
Coachella Valley Water District Stormwater System Revenue Certificates Participation, Series A | 5.000 | 08-01-35 | 920,000 | 1,061,110 | |
Coachella Valley Water District Stormwater System Revenue Certificates Participation, Series A | 5.000 | 08-01-36 | 975,000 | 1,121,668 | |
College of the Sequoias Tulare Area Improvement District No. 3 Election of 2008, Series B, GO (C)(D) | 4.503 | 08-01-40 | 3,110,000 | 1,396,235 | |
Compton Community Redevelopment Agency Successor Agency Series A (C) | 5.000 | 08-01-42 | 1,250,000 | 1,320,773 | |
County of Sacramento Airport System Revenue | 4.000 | 07-01-39 | 1,000,000 | 970,604 | |
County Of Sacramento Metro Air Park Community Facilities District No. 2000-1 (A) | 5.000 | 09-01-47 | 1,000,000 | 1,010,723 | |
CSCDA Community Improvement Authority Altana Glendale, Series A-2 (B) | 4.000 | 10-01-56 | 1,000,000 | 799,992 | |
CSCDA Community Improvement Authority Essential Housing Revenue Parallel Anaheim, Series A (B) | 4.000 | 08-01-56 | 1,000,000 | 816,635 | |
CSCDA Community Improvement Authority Orange City Portfolio, Series A-2 (B) | 3.000 | 03-01-57 | 1,000,000 | 720,533 | |
CSCDA Community Improvement Authority The Link Glendale, Series A2 (B) | 4.000 | 07-01-56 | 600,000 | 468,530 | |
Del Mar Union School District Election 2018, Series B, GO | 4.000 | 08-01-46 | 1,000,000 | 989,208 | |
Del Mar Union School District Election 2018, Series B, GO | 5.000 | 08-01-33 | 270,000 | 317,873 | |
Del Mar Union School District Election 2018, Series B, GO | 5.000 | 08-01-34 | 225,000 | 262,843 | |
East Bay Municipal Utility District Water System Revenue Refunding, Series B-2 | 5.000 | 06-01-34 | 1,000,000 | 1,211,928 | |
Foothill-Eastern Transportation Corridor Agency Highway Revenue Tolls, Series A | 5.750 | 01-15-46 | 3,000,000 | 3,138,000 | |
Foothill-Eastern Transportation Corridor Agency Refunding Subordinated, Series B-2 (C) | 3.500 | 01-15-53 | 1,565,000 | 1,345,873 | |
Golden State Tobacco Securitization Corp. California Tobacco Settlement Revenue, Series A1 | 5.000 | 06-01-31 | 1,000,000 | 1,134,632 | |
Golden State Tobacco Securitization Corp. Tobacco Settlement Revenue, Series A | 5.000 | 06-01-40 | 2,250,000 | 2,404,278 | |
Golden State Tobacco Securitization Corp. Tobacco Settlement Revenue, Series A | 5.000 | 06-01-40 | 2,750,000 | 2,942,351 | |
Hastings Campus Housing Finance Authority California Campus Housing Revenue, Series A (B) | 5.000 | 07-01-45 | 1,000,000 | 986,532 | |
Inglewood Unified School District Series A, GO (C) | 4.000 | 08-01-36 | 555,000 | 559,816 | |
Inglewood Unified School District Series A, GO (C) | 4.000 | 08-01-37 | 445,000 | 445,870 | |
Inland Valley Development Agency Series A | 5.000 | 09-01-44 | 2,500,000 | 2,551,442 | |
Jurupa Community Services District Community Facilities District No. 31 Eastvale Project (C) | 4.000 | 09-01-38 | 1,045,000 | 1,042,383 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | 5 |
Rate (%) | Maturity date | Par value^ | Value | ||
California (continued) | |||||
Jurupa Community Services District Community Facilities District No. 31 Eastvale Project (C) | 4.000 | 09-01-42 | 1,365,000 | $1,319,198 | |
Liberty Union High School District Election 2016, Series B, GO | 3.000 | 08-01-41 | 1,670,000 | 1,375,724 | |
Long Beach Bond Finance Authority Lease Revenue | 5.000 | 08-01-29 | 475,000 | 543,157 | |
Long Beach Bond Finance Authority Lease Revenue | 5.000 | 08-01-30 | 400,000 | 461,055 | |
Long Beach Bond Finance Authority Lease Revenue | 5.000 | 08-01-31 | 325,000 | 376,307 | |
Los Angeles Community College District/CA Election 2008, Series K, GO | 3.000 | 08-01-39 | 1,180,000 | 1,019,634 | |
Los Angeles County Public Works Financing Authority Series D | 5.000 | 12-01-45 | 2,000,000 | 2,101,972 | |
Los Angeles County Regional Financing Authority Montecedro, Inc. Project, Series A (C) | 5.000 | 11-15-44 | 1,355,000 | 1,360,629 | |
Los Angeles Department of Water & Power Power Systems Revenue, Series D | 5.000 | 07-01-44 | 1,000,000 | 1,038,972 | |
Los Angeles Unified School District Series RYQ, GO | 4.000 | 07-01-44 | 1,875,000 | 1,804,922 | |
Lower Tule River Irrigation District Series A | 5.000 | 08-01-28 | 875,000 | 981,256 | |
Moreno Valley Unified School District/CA Series C, GO (C) | 3.000 | 08-01-50 | 2,000,000 | 1,543,051 | |
Mount Diablo Unified School District Series B, GO | 4.000 | 08-01-33 | 1,300,000 | 1,397,849 | |
M-S-R Energy Authority Series B | 6.500 | 11-01-39 | 1,500,000 | 1,810,407 | |
Norman Y. Mineta San Jose International Airport SJC Series A, AMT | 5.000 | 03-01-47 | 1,500,000 | 1,533,742 | |
Oakland Unified School District Series A, GO | 5.000 | 08-01-40 | 1,500,000 | 1,613,216 | |
Ontario Public Financing Authority Lease Revenue Civic Center Improvements, Series A (C) | 5.000 | 11-01-52 | 1,500,000 | 1,630,301 | |
Orange County Community Facilities District 2017-1 Esencia Village, Series A | 5.000 | 08-15-47 | 2,000,000 | 2,089,603 | |
Orange County Community Facilities District No. 2021-1 Rienda, Series A (A) | 5.000 | 08-15-52 | 500,000 | 512,854 | |
Pacifica School District Series C, GO (C)(D) | 2.870 | 08-01-26 | 1,000,000 | 893,605 | |
Perris Union High School District Series A, GO (C) | 4.000 | 09-01-43 | 2,000,000 | 1,928,303 | |
Port of Los Angeles Series A, AMT | 5.000 | 08-01-44 | 2,000,000 | 2,063,397 | |
Redwood City Public Facilities & Infrastructure Authority Veterans Memorial Building Senior Center | 3.000 | 06-01-51 | 2,535,000 | 1,950,103 | |
Regents of the University of California Medical Center Pooled Revenue Series P | 4.000 | 05-15-43 | 2,000,000 | 1,983,908 | |
River Islands Public Financing Authority Community Facilities District, No. 2003-1 | 5.500 | 09-01-45 | 750,000 | 765,000 | |
River Islands Public Financing Authority Community Facilities District, No. 2003-1, Series A | 5.000 | 09-01-48 | 1,250,000 | 1,280,166 | |
River Islands Public Financing Authority Lathrop Irrigation District Electric Revenue (C) | 4.000 | 09-01-35 | 1,125,000 | 1,148,266 | |
Riverside County Infrastructure Financing Authority Series A | 5.000 | 11-01-28 | 525,000 | 597,146 | |
Riverside County Transportation Commission Series A | 5.750 | 06-01-48 | 1,000,000 | 1,025,904 | |
Sacramento Municipal Utility District Electric Revenue, Series H | 4.000 | 08-15-45 | 1,000,000 | 971,100 |
6 | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
California (continued) | |||||
Salinas Union High School District Series A, GO | 4.000 | 08-01-47 | 1,500,000 | $1,421,833 | |
San Bernardino Community College District Election of 2008, Series B, GO (D) | 4.368 | 08-01-44 | 1,530,000 | 591,229 | |
San Diego County Regional Airport Authority Series A | 4.000 | 07-01-56 | 1,000,000 | 922,757 | |
San Diego County Regional Airport Authority Series B, AMT | 4.000 | 07-01-39 | 1,320,000 | 1,252,221 | |
San Diego Public Facilities Financing Authority Capital Improvement Projects, Series A | 5.000 | 10-15-44 | 1,000,000 | 1,062,594 | |
San Diego Unified School District Series I, GO (D) | 4.147 | 07-01-39 | 1,250,000 | 624,530 | |
San Francisco Bay Area Rapid Transit District Election 2016, Series C1, GO | 3.000 | 08-01-50 | 1,500,000 | 1,191,948 | |
San Francisco Bay Area Rapid Transit District Election of 2016, Series D1, GO (E) | 4.000 | 08-01-37 | 2,810,000 | 2,894,045 | |
San Francisco Bay Area Rapid Transit District Election of 2016, Series D1, GO (E) | 4.250 | 08-01-52 | 3,000,000 | 3,027,004 | |
San Francisco Bay Area Rapid Transit District Sales Tax Revenue Series A | 3.000 | 07-01-44 | 2,000,000 | 1,641,536 | |
San Francisco City & County Airport Commission International Airport Revenue, Second Series 2020-B | 4.000 | 05-01-37 | 1,215,000 | 1,207,130 | |
San Francisco City & County Airport Commission Special Facilities Lease, SFO Fuel Company LLC, Series A, AMT | 5.000 | 01-01-47 | 2,000,000 | 2,070,853 | |
San Francisco City & County Airport Commission International Airport Series A, AMT | 5.000 | 05-01-49 | 1,500,000 | 1,553,806 | |
San Francisco City & County Public Utilities Commission Power Revenue Green Bonds, Series A | 5.000 | 11-01-45 | 1,500,000 | 1,570,752 | |
San Francisco City & County Redevelopment Successor Agency Department of General Services Lease, No. 6, Mission Bay South, Series A | 5.150 | 08-01-35 | 1,250,000 | 1,257,493 | |
San Francisco City & County Redevelopment Successor Agency Mission Bay Project, Series A | 5.000 | 08-01-43 | 1,000,000 | 1,037,142 | |
San Joaquin Hills Transportation Corridor Agency Highway Revenue Tolls, Series A | 5.000 | 01-15-44 | 2,500,000 | 2,654,720 | |
San Joaquin Hills Transportation Corridor Agency Toll Road Revenue, Series A | 4.000 | 01-15-50 | 1,000,000 | 909,498 | |
San Joaquin Regional Rail Commission Ace Maintenance Facility Project | 4.000 | 05-01-37 | 490,000 | 491,766 | |
San Joaquin Regional Rail Commission Ace Maintenance Facility Project | 4.000 | 05-01-38 | 460,000 | 459,317 | |
San Joaquin Regional Rail Commission Ace Maintenance Facility Project | 4.000 | 05-01-39 | 730,000 | 723,385 | |
San Mateo Foster City Public Financing Authority Clean Water Program | 5.000 | 08-01-49 | 2,000,000 | 2,178,575 | |
Santa Ana Financing Authority Police Administration & Holding Facility, Series A (C) | 6.250 | 07-01-24 | 2,185,000 | 2,293,128 | |
Santa Ana Financing Authority Prerefunded, Police Administration & Holding Facility, Series A (C) | 6.250 | 07-01-24 | 2,185,000 | 2,295,287 | |
Santa Cruz County Capital Financing Authority Green Bonds | 4.125 | 06-01-48 | 1,420,000 | 1,363,737 | |
Santa Margarita Water District Community Facilities District, No. 2013-1 | 5.625 | 09-01-43 | 745,000 | 756,519 | |
Santa Maria Joint Union High School District Election 2016, GO | 3.000 | 08-01-41 | 1,000,000 | 809,181 | |
Santa Monica Community College District Series B, GO | 4.000 | 08-01-45 | 2,000,000 | 1,985,468 | |
South Orange County Public Financing Authority Series A | 5.000 | 08-15-34 | 450,000 | 457,786 | |
South Placer Wastewater Authority California Wastewater Revenue Refunding | 5.000 | 11-01-34 | 430,000 | 501,547 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | 7 |
Rate (%) | Maturity date | Par value^ | Value | ||
California (continued) | |||||
Southern California Public Power Authority Apex Power Project, Series A | 5.000 | 07-01-38 | 1,000,000 | $1,038,064 | |
Southern California Public Power Authority Natural Gas Project Revenue, Series A | 5.250 | 11-01-26 | 2,000,000 | 2,137,033 | |
Southwestern Community College District Series D, GO | 3.000 | 08-01-41 | 2,000,000 | 1,636,862 | |
State of California Various Purpose, GO | 5.000 | 04-01-32 | 2,000,000 | 2,371,550 | |
Sweetwater Union High School District Ad Valorem Property Tax, GO | 4.000 | 08-01-42 | 500,000 | 480,872 | |
Three Rivers Levee Improvement Authority Special Tax Revenue Refunding Community Facilities District | 4.000 | 09-01-51 | 1,000,000 | 859,662 | |
Transbay Joint Powers Authority Tax Allocation, Series A | 5.000 | 10-01-32 | 345,000 | 388,661 | |
University of California Revenues General, Series Bank (A) | 5.000 | 05-15-52 | 1,720,000 | 1,895,405 | |
University of California Revenues General, Series BM (A) | 5.000 | 05-15-39 | 1,000,000 | 1,099,468 | |
University of California Series AZ | 5.000 | 05-15-48 | 1,500,000 | 1,619,936 | |
Vista Unified School District Series B, GO (C) | 4.250 | 08-01-44 | 1,500,000 | 1,498,489 | |
Vista Unified School District Series B, GO (C) | 5.000 | 08-01-42 | 1,000,000 | 1,112,981 | |
West Covina Community Development Commission Successor Agency Fashion Plaza | 6.000 | 09-01-22 | 855,000 | 855,000 | |
West Hollywood Public Financing Authority Series A | 3.000 | 04-01-42 | 2,000,000 | 1,644,803 | |
William S. Hart Union High School District Community Facilities District, No. 2015-1 | 5.000 | 09-01-47 | 1,000,000 | 1,030,543 | |
Yorba Linda Water District Series A | 4.000 | 10-01-52 | 1,130,000 | 1,081,664 | |
Puerto Rico 1.6% | 3,973,569 | ||||
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Series A-1 (D) | 4.202 | 07-01-31 | 1,500,000 | 1,037,295 | |
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Series A-1 | 4.750 | 07-01-53 | 1,500,000 | 1,430,704 | |
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Series A-1 (D) | 5.326 | 07-01-46 | 2,500,000 | 712,858 | |
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Series A-2 | 4.784 | 07-01-58 | 850,000 | 792,712 | |
Yield (%) | Shares | Value | |||
Short-term investments 2.6% | $6,058,407 | ||||
(Cost $6,058,439) | |||||
Short-term funds 2.6% | |||||
John Hancock Collateral Trust (F) | 2.3160(G) | 606,241 | 6,058,407 | ||
Total investments (Cost $255,316,311) 103.6% | $247,477,093 | ||||
Other assets and liabilities, net (3.6%) | (8,523,745) | ||||
Total net assets 100.0% | $238,953,348 |
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. | |
Security Abbreviations and Legend | |
AMT | Interest earned from these securities may be considered a tax preference item for purpose of the Federal Alternative Minimum Tax. |
GO | General Obligation |
(A) | Security purchased or sold on a when-issued or delayed delivery basis. |
8 | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
(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. |
(C) | Bond is insured by one or more of the companies listed in the insurance coverage table below. |
(D) | 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. |
(E) | Security represents the municipal bond held by a trust that issues residual inverse floating rate interests. |
(F) | Investment is an affiliate of the fund, the advisor and/or subadvisor. |
(G) | The rate shown is the annualized seven-day yield as of 8-31-22. |
Insurance coverage | As a % of total investments |
Assured Guaranty Municipal Corp. | 5.0 |
Build America Mutual Assurance Company | 4.1 |
California Mortgage Insurance | 2.4 |
National Public Finance Guarantee Corp. | 2.2 |
Ambac Financial Group, Inc. | 0.2 |
TOTAL | 13.9 |
The fund had the following sector composition as a percentage of total investments on 8-31-22:
General obligation bonds | 14.6% |
Revenue bonds | 83.0% |
Other revenue | 15.5% |
Health care | 14.1% |
Facilities | 10.2% |
Education | 8.1% |
Tobacco | 6.4% |
Transportation | 6.3% |
Airport | 5.3% |
Water and sewer | 5.1% |
Housing | 4.2% |
Development | 4.1% |
Utilities | 3.3% |
Pollution | 0.4% |
Short-term investments | 2.4% |
TOTAL | 100.0% |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | 9 |
Notes to Fund’s investments (unaudited) |
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the fund’s Valuation Policies and Procedures.
In order to value the securities, the fund uses the following valuation techniques: Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. Investments by the fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day.
Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund’s Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.
The fund uses a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund’s own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
The following is a summary of the values by input classification of the fund’s investments as of August 31, 2022, by major security category or type:
Total value at 8-31-22 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Municipal bonds | $241,418,686 | — | $241,418,686 | — |
Short-term investments | 6,058,407 | $6,058,407 | — | — |
Total investments in securities | $247,477,093 | $6,058,407 | $241,418,686 | — |
The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund’s fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the fund, if any, is as follows:
Dividends and distributions | |||||||||
Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
John Hancock Collateral Trust | 606,241 | — | $9,824,890 | $(3,766,444) | $(7) | $(32) | $10,150 | — | $6,058,407 |
For additional information on the fund’s significant accounting policies and risks, please refer to the fund’s most recent semiannual or annual shareholder report and prospectus.
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