John Hancock
California Municipal Bond Fund
Quarterly portfolio holdings 8/31/2023
Fund’s investments |
As of 8-31-23 (unaudited)
Rate (%) | Maturity date | Par value^ | Value | ||
Municipal bonds 101.4% | $316,231,175 | ||||
(Cost $327,295,756) | |||||
California 100.0% | 311,809,318 | ||||
ABAG Finance Authority for Nonprofit Corps Sharp Healthcare, Series A | 5.000 | 08-01-43 | 2,000,000 | 2,000,483 | |
Alameda Corridor Transportation Authority Series A, (0.000% to 10-1-37, then 5.400% thereafter) | 0.000 | 10-01-50 | 2,500,000 | 1,271,959 | |
Alum Rock Union Elementary School District Election of 2022, Series A, GO | 5.000 | 08-01-53 | 1,000,000 | 1,065,883 | |
Alvord Unified School District Election of 2022, Series A, GO | 5.000 | 08-01-52 | 2,000,000 | 2,149,035 | |
Antelope Valley Community College District Election of 2016, Series B, GO | 4.000 | 08-01-45 | 295,000 | 288,542 | |
Antelope Valley Community College District Election of 2016, Series C, GO (A) | 4.639 | 08-01-38 | 1,000,000 | 503,434 | |
Bay Area Water Supply & Conservation Agency Capital Cost Recovery Prepayment Program, Series A | 5.000 | 10-01-33 | 2,000,000 | 2,379,667 | |
Burbank Unified School District Election of 2013, GO | 4.500 | 08-01-37 | 1,770,000 | 1,826,946 | |
Burlingame School District Election of 2020, Series B, GO | 5.000 | 08-01-52 | 1,500,000 | 1,623,218 | |
California Community Choice Financing Authority Clean Energy Project, Series A | 4.000 | 10-01-52 | 1,250,000 | 1,235,658 | |
California Community Choice Financing Authority Clean Energy Project, Series B | 4.000 | 02-01-52 | 1,000,000 | 978,232 | |
California Community Choice Financing Authority Clean Energy Project, Series E1 | 5.000 | 02-01-54 | 1,000,000 | 1,047,384 | |
California Community Choice Financing Authority Series D | 5.500 | 05-01-54 | 1,500,000 | 1,574,232 | |
California Community College Financing Authority Napa Valley College Project, Series A (B) | 5.750 | 07-01-60 | 500,000 | 490,206 | |
California Community Housing Agency Stoneridge Apartments, Series A (B) | 4.000 | 02-01-56 | 600,000 | 435,435 | |
California Community Housing Agency Verdant at Green Valley Project, Series A (B) | 5.000 | 08-01-49 | 1,000,000 | 913,563 | |
California County Tobacco Securitization Agency Fresno County Funding Corp. | 6.000 | 06-01-35 | 730,000 | 730,517 | |
California County Tobacco Securitization Agency Kern County Tobacco Funding Corp. | 5.000 | 06-01-40 | 1,500,000 | 1,500,100 | |
California County Tobacco Securitization Agency Louisiana County Securitization Corp. | 4.000 | 06-01-49 | 1,000,000 | 905,763 | |
California County Tobacco Securitization Agency Merced County Tobacco Funding Corp. | 5.000 | 06-01-50 | 1,235,000 | 1,215,038 | |
California Educational Facilities Authority University of Redlands, Series A | 5.000 | 10-01-35 | 1,000,000 | 1,008,188 | |
California Educational Facilities Authority University of the Pacific, Series A | 5.000 | 11-01-53 | 1,000,000 | 1,050,298 | |
California Enterprise Development Authority Academy for Academic Excellence Project, Series A (B) | 5.000 | 07-01-40 | 430,000 | 412,030 | |
California Enterprise Development Authority Academy for Academic Excellence Project, Series A (B) | 5.000 | 07-01-50 | 350,000 | 317,399 | |
California Enterprise Development Authority Academy for Academic Excellence Project, Series A (B) | 5.000 | 07-01-55 | 240,000 | 213,830 | |
California Health Facilities Financing Authority Adventist Health System, Series A | 5.000 | 03-01-40 | 1,330,000 | 1,397,674 | |
California Health Facilities Financing Authority Cedars Sinai Health System, Series A | 5.000 | 08-15-51 | 450,000 | 478,000 | |
California Health Facilities Financing Authority Children’s Hospital, Series A | 5.000 | 08-15-47 | 1,000,000 | 1,000,423 |
2 | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
California (continued) | |||||
California Health Facilities Financing Authority City of Hope Obligated Group | 4.000 | 11-15-45 | 1,000,000 | $912,695 | |
California Health Facilities Financing Authority City of Hope Obligated Group | 5.000 | 11-15-49 | 1,000,000 | 1,008,146 | |
California Health Facilities Financing Authority Commonspirit Health, Series A | 4.000 | 04-01-37 | 1,500,000 | 1,451,769 | |
California Health Facilities Financing Authority El Camino Hospital | 5.000 | 02-01-42 | 1,000,000 | 1,022,873 | |
California Health Facilities Financing Authority El Camino Hospital | 5.000 | 02-01-47 | 1,425,000 | 1,450,928 | |
California Health Facilities Financing Authority Lucile Packard Children’s Hospital, Series A | 5.000 | 08-15-43 | 1,000,000 | 1,010,039 | |
California Health Facilities Financing Authority Lucile Packard Children’s Hospital, Series B | 5.000 | 08-15-55 | 1,000,000 | 1,010,586 | |
California Health Facilities Financing Authority Standford Health Care, Series A | 4.000 | 08-15-50 | 1,000,000 | 955,308 | |
California Health Facilities Financing Authority Sutter Health, Series B | 4.000 | 11-15-41 | 80,000 | 78,683 | |
California Housing Finance Agency Series A | 4.250 | 01-15-35 | 939,146 | 915,698 | |
California Housing Finance Agency Series A2 | 3.600 | 08-01-63 | 1,000,000 | 998,913 | |
California Infrastructure & Economic Development Bank Academy of Motion Picture Arts & Sciences, Series A | 4.000 | 11-01-41 | 1,000,000 | 984,889 | |
California Infrastructure & Economic Development Bank Academy of Motion Picture Arts & Sciences, Series A | 5.000 | 11-01-40 | 300,000 | 332,266 | |
California Infrastructure & Economic Development Bank California Science Center | 4.000 | 05-01-46 | 1,035,000 | 963,465 | |
California Infrastructure & Economic Development Bank California State Teachers Retirement System | 4.000 | 08-01-49 | 1,000,000 | 934,766 | |
California Infrastructure & Economic Development Bank Clean Water and Drinking Water State Revolving Fund | 4.000 | 10-01-47 | 1,000,000 | 971,466 | |
California Infrastructure & Economic Development Bank Equitable School Revolving Fund, Series B | 4.000 | 11-01-45 | 600,000 | 534,512 | |
California Infrastructure & Economic Development Bank Equitable School Revolving Fund, Series B | 4.125 | 11-01-52 | 700,000 | 611,573 | |
California Infrastructure & Economic Development Bank Los Angeles County Museum of Natural History Foundation | 4.000 | 07-01-50 | 700,000 | 646,371 | |
California Municipal Finance Authority Certificates of Participation, Palomar Health, Series A (C) | 5.250 | 11-01-52 | 750,000 | 800,627 | |
California Municipal Finance Authority Channing House Project, Series A (C) | 4.000 | 05-15-40 | 1,500,000 | 1,472,120 | |
California Municipal Finance Authority Community Facilities District No. 2020-6 | 5.000 | 09-01-42 | 500,000 | 481,602 | |
California Municipal Finance Authority HumanGood Obligated Group | 4.000 | 10-01-46 | 500,000 | 445,639 | |
California Municipal Finance Authority HumanGood Obligated Group | 5.000 | 10-01-35 | 350,000 | 371,998 | |
California Municipal Finance Authority HumanGood Obligated Group, Series A | 5.000 | 10-01-44 | 1,000,000 | 1,010,368 | |
California Municipal Finance Authority Kern Regional Center Project, Series A | 5.000 | 05-01-49 | 1,000,000 | 1,020,599 | |
California Municipal Finance Authority NorthBay Healthcare, Series A | 5.250 | 11-01-41 | 2,000,000 | 1,894,911 | |
California Municipal Finance Authority Paradise Valley Estates Project, Series A (C) | 5.000 | 01-01-49 | 1,500,000 | 1,576,026 | |
California Municipal Finance Authority Retirement Housing Foundation Obligation Group, Series A | 5.000 | 11-15-31 | 1,500,000 | 1,734,650 | |
California Municipal Finance Authority Samuel Merritt University | 5.250 | 06-01-53 | 1,000,000 | 1,055,308 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | 3 |
Rate (%) | Maturity date | Par value^ | Value | ||
California (continued) | |||||
California Municipal Finance Authority West Village Student Housing Project at UC Davis (C) | 4.000 | 05-15-48 | 1,250,000 | $1,124,594 | |
California Municipal Finance Authority Wineville School Project, Series A (C) | 5.000 | 10-01-42 | 2,000,000 | 2,040,773 | |
California Pollution Control Financing Authority American Water Capital Corp. Project | 3.700 | 08-01-40 | 1,000,000 | 995,881 | |
California Pollution Control Financing Authority San Diego County Water Authority Desalination Project Pipeline (B) | 5.000 | 11-21-45 | 2,500,000 | 2,504,453 | |
California Pollution Control Financing Authority Waste Management, Inc., Series A1, AMT | 3.375 | 07-01-25 | 1,000,000 | 985,115 | |
California Pollution Control Financing Authority Waste Management, Inc., Series A3, AMT | 4.300 | 07-01-40 | 4,675,000 | 4,696,738 | |
California Public Finance Authority Enso Village Project, Series A (B) | 5.000 | 11-15-46 | 1,100,000 | 980,757 | |
California Public Finance Authority Excelsior Charter Schools Project, Series A (B) | 5.000 | 06-15-50 | 475,000 | 425,389 | |
California Public Finance Authority Excelsior Charter Schools Project, Series A (B) | 5.000 | 06-15-55 | 475,000 | 419,466 | |
California Public Finance Authority Henry Mayo Newhall Hospital | 5.000 | 10-15-47 | 2,000,000 | 1,935,348 | |
California Public Finance Authority Sharp Healthcare, Series A | 5.000 | 08-01-47 | 1,010,000 | 1,044,432 | |
California Public Finance Authority Trinity Classical Academy, Series A (B) | 5.000 | 07-01-44 | 485,000 | 424,598 | |
California Public Finance Authority Trinity Classical Academy, Series A (B) | 5.000 | 07-01-54 | 1,000,000 | 831,275 | |
California School Finance Authority Aspire Public School (B) | 5.000 | 08-01-46 | 110,000 | 113,618 | |
California School Finance Authority Aspire Public School (B) | 5.000 | 08-01-46 | 1,165,000 | 1,131,990 | |
California School Finance Authority Camino Nuevo Charter Academy (B) | 5.000 | 06-01-43 | 820,000 | 778,940 | |
California School Finance Authority Classical Academies Oceanside (B) | 5.000 | 10-01-42 | 125,000 | 121,113 | |
California School Finance Authority Granada Hills Charter High School Obligated Group (B) | 5.000 | 07-01-43 | 1,000,000 | 983,212 | |
California School Finance Authority Hawking Steam Charter School (B) | 5.250 | 07-01-52 | 500,000 | 464,965 | |
California School Finance Authority John Adams Academies, Series A (B) | 5.125 | 07-01-62 | 1,000,000 | 875,494 | |
California School Finance Authority KIPP LA Project, Series A (B) | 5.000 | 07-01-47 | 1,500,000 | 1,502,623 | |
California School Finance Authority Sonoma County Junior College (B) | 4.000 | 11-01-41 | 1,000,000 | 856,877 | |
California School Finance Authority Sonoma County Junior College (B) | 4.000 | 11-01-55 | 580,000 | 445,133 | |
California School Finance Authority Stem Preparatory School (B) | 5.000 | 06-01-43 | 750,000 | 722,124 | |
California School Finance Authority Value Schools, Series A (B) | 5.250 | 07-01-48 | 500,000 | 487,782 | |
California State Public Works Board Air Resource Board, Series D | 4.000 | 05-01-44 | 1,000,000 | 964,101 | |
California State Public Works Board Various Capital Projects, Series A | 5.000 | 08-01-36 | 1,000,000 | 1,131,774 | |
California State Public Works Board Various Capital Projects, Series B | 4.000 | 03-01-45 | 1,520,000 | 1,457,366 | |
California State University Series A | 3.000 | 11-01-52 | 575,000 | 417,050 | |
California State University Series A | 5.250 | 11-01-53 | 1,500,000 | 1,659,057 |
4 | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
California (continued) | |||||
California Statewide Communities Development Authority Adventist Health System, Series A | 5.000 | 03-01-48 | 1,885,000 | $1,906,224 | |
California Statewide Communities Development Authority CHF Irvine LLC | 5.000 | 05-15-40 | 1,490,000 | 1,506,724 | |
California Statewide Communities Development Authority Community Facilities District No. 2020-02 | 5.125 | 09-01-42 | 1,000,000 | 986,276 | |
California Statewide Communities Development Authority Community Facilities District No. 2022-03 | 5.000 | 09-01-43 | 1,020,000 | 956,736 | |
California Statewide Communities Development Authority Emanate Health, Series A | 4.000 | 04-01-45 | 2,000,000 | 1,836,360 | |
California Statewide Communities Development Authority Enloe Medical Center, Series A (C) | 5.250 | 08-15-52 | 1,000,000 | 1,070,084 | |
California Statewide Communities Development Authority Front Porch Communities & Services | 3.000 | 04-01-37 | 2,000,000 | 1,667,098 | |
California Statewide Communities Development Authority Front Porch Communities & Services, Series A | 5.000 | 04-01-47 | 750,000 | 757,117 | |
California Statewide Communities Development Authority Infrastructure Program, Series A | 4.000 | 09-02-51 | 995,000 | 758,019 | |
California Statewide Communities Development Authority Infrastructure Program, Series B | 5.000 | 09-02-44 | 825,000 | 826,870 | |
California Statewide Communities Development Authority John Muir Health, Series A | 4.000 | 08-15-46 | 750,000 | 709,840 | |
California Statewide Communities Development Authority Redlands Community Hospital | 5.000 | 10-01-46 | 2,000,000 | 2,009,240 | |
California Statewide Financing Authority Pooled Tobacco Securitization Program, Series C (A)(B) | 9.174 | 06-01-55 | 12,000,000 | 709,931 | |
California Statewide Financing Authority Tobacco Settlement, Series A | 6.000 | 05-01-37 | 2,000,000 | 2,031,042 | |
California Statewide Financing Authority Tobacco Settlement, Series B | 6.000 | 05-01-37 | 2,400,000 | 2,437,250 | |
Center Joint Unified School District Election of 2008, Series C, GO (C) | 4.125 | 08-01-46 | 1,250,000 | 1,211,058 | |
Chaffey Joint Union High School District Election of 2012, Series G, GO | 5.250 | 08-01-52 | 4,000,000 | 4,384,989 | |
Chino Valley Unified School District Election of 2016, Series C, GO (A) | 4.046 | 08-01-36 | 250,000 | 148,638 | |
Chino Valley Unified School District Election of 2016, Series C, GO (A) | 4.414 | 08-01-40 | 675,000 | 321,549 | |
City & County of San Francisco Infrastructure & Revitalization Financing District No. 1 Series A (B) | 5.000 | 09-01-52 | 1,000,000 | 914,782 | |
City of Burbank Water and Power Electric Revenue | 5.000 | 06-01-38 | 300,000 | 330,140 | |
City of Burbank Water and Power Electric Revenue | 5.000 | 06-01-39 | 500,000 | 548,252 | |
City of Burbank Water and Power Electric Revenue | 5.000 | 06-01-40 | 700,000 | 762,638 | |
City of Emeryville Election of 2018, Series B, GO | 4.900 | 08-01-48 | 1,000,000 | 926,872 | |
City of Fresno Airport Revenue Series A, AMT (C) | 4.000 | 07-01-42 | 1,000,000 | 932,111 | |
City of Fresno Airport Revenue Series A, AMT (C) | 5.000 | 07-01-48 | 1,000,000 | 1,034,475 | |
City of Irvine Community Facilities District No. 2013-3 Great Park | 5.000 | 09-01-49 | 2,000,000 | 2,004,249 | |
City of Long Beach Alamitos Bay Marina Project | 5.000 | 05-15-45 | 1,000,000 | 1,000,480 | |
City of Long Beach Community Facilities District 6-Pike Project | 6.250 | 10-01-26 | 1,265,000 | 1,267,033 | |
City of Long Beach Airport System Revenue Series C, AMT (C) | 5.000 | 06-01-42 | 500,000 | 521,909 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | 5 |
Rate (%) | Maturity date | Par value^ | Value | ||
California (continued) | |||||
City of Long Beach Harbor Revenue Series A | 5.000 | 05-15-44 | 500,000 | $530,911 | |
City of Los Angeles Department of Airports Los Angeles International Airport, AMT | 4.125 | 05-15-43 | 2,000,000 | 1,916,383 | |
City of Los Angeles Department of Airports Los Angeles International Airport, AMT | 5.250 | 05-15-48 | 1,000,000 | 1,056,737 | |
City of Los Angeles Department of Airports Los Angeles International Airport, Series A, AMT | 4.000 | 05-15-44 | 1,500,000 | 1,402,915 | |
City of Los Angeles Department of Airports Los Angeles International Airport, Series A, AMT | 4.000 | 05-15-49 | 1,500,000 | 1,363,647 | |
City of Los Angeles Department of Airports Los Angeles International Airport, Series C, AMT | 5.000 | 05-15-35 | 1,000,000 | 1,074,310 | |
City of Los Angeles Department of Airports Los Angeles International Airport, Series F, AMT | 3.000 | 05-15-49 | 1,000,000 | 708,343 | |
City of Oroville Oroville Hospital | 5.250 | 04-01-49 | 1,000,000 | 589,470 | |
City of Rocklin Community Facilities District No. 10 Whitney (C) | 4.000 | 09-01-43 | 1,950,000 | 1,873,208 | |
City of Sacramento Greenbriar Community Facilities District No. 2018-3 | 4.000 | 09-01-50 | 600,000 | 490,804 | |
City of San Clemente Community Facilities District No. 2006-1 | 5.000 | 09-01-46 | 1,955,000 | 1,966,628 | |
City of San Francisco Regional and Local Water, Series A | 5.250 | 11-01-52 | 2,000,000 | 2,216,100 | |
City of Vernon Electric System Revenue Series 2022-A | 5.000 | 08-01-40 | 340,000 | 349,891 | |
City of Vernon Electric System Revenue Series 2022-A | 5.000 | 08-01-41 | 800,000 | 810,392 | |
City of Victorville Electric Revenue Series A | 5.000 | 05-01-34 | 500,000 | 563,187 | |
City of Victorville Electric Revenue Series A | 5.000 | 05-01-35 | 540,000 | 603,639 | |
City of Victorville Electric Revenue Series A | 5.000 | 05-01-36 | 500,000 | 553,944 | |
Coachella Valley Water District Stormwater System Revenue Certificates of Participation, Series A | 5.000 | 08-01-35 | 920,000 | 1,061,802 | |
Coachella Valley Water District Stormwater System Revenue Certificates of Participation, Series A | 5.000 | 08-01-36 | 975,000 | 1,111,981 | |
College of the Sequoias Tulare Area Improvement District No. 3 Election of 2008, Series B, GO (A)(C) | 4.858 | 08-01-40 | 3,110,000 | 1,377,635 | |
Compton Community Redevelopment Agency Successor Agency Series A (C) | 5.000 | 08-01-42 | 1,250,000 | 1,331,746 | |
Contra Costa Water District Water Revenue | 5.000 | 10-01-53 | 1,000,000 | 1,084,729 | |
County of Sacramento Airport System Revenue | 4.000 | 07-01-39 | 1,000,000 | 1,003,516 | |
County of Sacramento Metro Air Park Community Facilities District No. 2000-1 | 5.000 | 09-01-47 | 1,000,000 | 940,511 | |
CSCDA Community Improvement Authority 1818 Platinum Triangle Anaheim, Series A-2 (B) | 3.250 | 04-01-57 | 300,000 | 203,643 | |
CSCDA Community Improvement Authority Altana Glendale, Series A-2 (B) | 4.000 | 10-01-56 | 1,000,000 | 730,696 | |
CSCDA Community Improvement Authority Orange City Portfolio, Series A-2 (B) | 3.000 | 03-01-57 | 1,200,000 | 790,283 | |
CSCDA Community Improvement Authority Parallel Apartments Anaheim, Series A (B) | 4.000 | 08-01-56 | 1,000,000 | 734,589 | |
CSCDA Community Improvement Authority The Link-Glendale, Series A-2 (B) | 4.000 | 07-01-56 | 600,000 | 416,383 | |
Del Mar Union School District Election of 2018, Series B, GO | 4.000 | 08-01-46 | 1,000,000 | 976,490 |
6 | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
California (continued) | |||||
Del Mar Union School District Election of 2018, Series B, GO | 5.000 | 08-01-33 | 270,000 | $316,765 | |
Del Mar Union School District Election of 2018, Series B, GO | 5.000 | 08-01-34 | 225,000 | 260,883 | |
East Bay Municipal Utility District Water System Revenue Series B-2 | 5.000 | 06-01-34 | 1,000,000 | 1,205,671 | |
El Monte City School District Election of 2008, Series C, GO (C) | 4.000 | 08-01-47 | 100,000 | 94,610 | |
Foothill-Eastern Transportation Corridor Agency Series B-2 (C) | 3.500 | 01-15-53 | 2,300,000 | 1,910,666 | |
Fremont Union High School District Santa Clara County, GO | 5.000 | 08-01-34 | 1,000,000 | 1,154,147 | |
Fremont Union High School District Santa Clara County, GO | 5.000 | 08-01-35 | 1,000,000 | 1,143,381 | |
Golden State Tobacco Securitization Corp. Series A | 5.000 | 06-01-40 | 2,250,000 | 2,328,799 | |
Golden State Tobacco Securitization Corp. Series A, Prerefunded | 5.000 | 06-01-40 | 2,750,000 | 2,846,310 | |
Golden State Tobacco Securitization Corp. Series A-1 | 5.000 | 06-01-31 | 1,000,000 | 1,098,855 | |
Golden State Tobacco Securitization Corp. Series B-2 (A) | 5.476 | 06-01-66 | 15,650,000 | 1,549,829 | |
Golden State Tobacco Securitization Corp. Tobacco Settlement, Series A-1 | 5.000 | 06-01-51 | 1,000,000 | 1,038,221 | |
Hastings Campus Housing Finance Authority Series A (B) | 5.000 | 07-01-45 | 500,000 | 434,091 | |
Imperial Community College District Election of 2022, Series A, GO (C) | 5.250 | 08-01-53 | 745,000 | 814,754 | |
Independent Cities Finance Authority Union City Tropics | 3.250 | 05-15-39 | 1,250,000 | 1,035,597 | |
Inglewood Unified School District Series A, GO (C) | 4.000 | 08-01-36 | 515,000 | 515,157 | |
Inglewood Unified School District Series A, GO (C) | 4.000 | 08-01-37 | 395,000 | 392,709 | |
Inland Valley Development Agency Series A | 5.000 | 09-01-44 | 2,205,000 | 2,208,104 | |
Irvine Facilities Financing Authority Great Park Infrastructure Project (C) | 4.000 | 09-01-58 | 1,750,000 | 1,637,330 | |
Jefferson Union High School District Measure Z, Series A, GO | 5.000 | 08-01-43 | 400,000 | 437,387 | |
Jefferson Union High School District Measure Z, Series A, GO | 5.000 | 08-01-44 | 620,000 | 675,954 | |
Jurupa Community Services District Community Facilities District No. 31 Eastvale Project (C) | 4.000 | 09-01-38 | 1,045,000 | 1,039,725 | |
Jurupa Community Services District Community Facilities District No. 31 Eastvale Project (C) | 4.000 | 09-01-42 | 1,365,000 | 1,331,265 | |
La Mesa-Spring Valley School District Election of 2020, Series B, GO | 4.000 | 08-01-42 | 300,000 | 299,401 | |
La Mesa-Spring Valley School District Election of 2020, Series B, GO | 4.000 | 08-01-43 | 290,000 | 288,284 | |
La Mesa-Spring Valley School District Election of 2020, Series B, GO | 4.000 | 08-01-51 | 750,000 | 726,132 | |
Liberty Union High School District Election of 2016, Series B, GO | 3.000 | 08-01-41 | 1,670,000 | 1,356,297 | |
Long Beach Bond Finance Authority Lease Revenue | 5.000 | 08-01-29 | 475,000 | 531,127 | |
Long Beach Bond Finance Authority Lease Revenue | 5.000 | 08-01-30 | 400,000 | 454,918 | |
Long Beach Bond Finance Authority Lease Revenue | 5.000 | 08-01-31 | 325,000 | 375,042 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | 7 |
Rate (%) | Maturity date | Par value^ | Value | ||
California (continued) | |||||
Long Beach Bond Finance Authority Lease Revenue | 5.000 | 08-01-46 | 1,000,000 | $1,066,502 | |
Long Beach Community College District Election of 2016, Series C, GO | 4.000 | 08-01-45 | 250,000 | 245,942 | |
Los Angeles Community College District Election of 2008, Series K, GO | 3.000 | 08-01-39 | 1,080,000 | 911,113 | |
Los Angeles Department of Water & Power Series B | 5.000 | 07-01-47 | 1,000,000 | 1,078,944 | |
Los Angeles Department of Water & Power Series D | 5.000 | 07-01-44 | 725,000 | 731,489 | |
Los Angeles Department of Water & Power Series D | 5.000 | 07-01-52 | 1,000,000 | 1,074,775 | |
Los Angeles Unified School District Series QRR, GO | 5.250 | 07-01-47 | 2,500,000 | 2,757,083 | |
Los Angeles Unified School District Series RYQ, GO | 4.000 | 07-01-44 | 1,825,000 | 1,797,844 | |
Lower Tule River Irrigation District Series A | 5.000 | 08-01-28 | 875,000 | 946,483 | |
Moreno Valley Unified School District Election of 2014, Series C, GO (C) | 3.000 | 08-01-46 | 1,955,000 | 1,493,653 | |
Moreno Valley Unified School District Election of 2014, Series D, GO (C) | 4.000 | 08-01-45 | 1,000,000 | 966,923 | |
Mount Diablo Unified School District Series B, GO | 4.000 | 08-01-33 | 1,300,000 | 1,382,865 | |
Mountain View School District Election of 2020, Series B, GO (C) | 4.000 | 08-01-52 | 500,000 | 465,389 | |
Mountain View School District Election of 2020, Series B, GO (C) | 5.000 | 08-01-49 | 500,000 | 525,822 | |
M-S-R Energy Authority Series B | 6.500 | 11-01-39 | 1,500,000 | 1,780,499 | |
Norman Y. Mineta San Jose International Airport SJC Series A, AMT | 5.000 | 03-01-47 | 1,500,000 | 1,512,052 | |
Oak Grove School District Election of 2022, Series A-2, GO | 4.000 | 08-01-49 | 2,000,000 | 1,908,123 | |
Oak Grove School District Election of 2022, Series A-2, GO | 5.000 | 08-01-52 | 2,150,000 | 2,302,968 | |
Oakland Unified School District Series A, GO | 5.000 | 08-01-40 | 1,500,000 | 1,553,558 | |
Ontario Public Financing Authority Civic Center Improvements, Series A (C) | 5.000 | 11-01-52 | 1,500,000 | 1,588,039 | |
Orange County Community Facilities District 2017-1 Esencia Village Improvement Area No. 1, Series A | 5.000 | 08-15-47 | 1,750,000 | 1,766,940 | |
Orange County Community Facilities District No. 2021-1 Rienda, Series A | 5.000 | 08-15-52 | 500,000 | 492,643 | |
Pacifica School District Series C, GO (A)(C) | 3.739 | 08-01-26 | �� | 1,000,000 | 896,993 |
Port of Los Angeles Series A, AMT | 5.000 | 08-01-44 | 2,000,000 | 2,007,476 | |
Poway Public Financing Authority Series A (C) | 5.250 | 06-01-53 | 2,000,000 | 2,190,972 | |
Redwood City Public Facilities & Infrastructure Authority Veterans Memorial Building Senior Center | 3.000 | 06-01-51 | 1,795,000 | 1,314,909 | |
Regents of the University of California Medical Center Pooled Revenue Series P | 4.000 | 05-15-43 | 2,000,000 | 1,965,622 | |
River Islands Public Financing Authority Community Facilities District No. 2003-1, Series A | 5.000 | 09-01-48 | 1,250,000 | 1,181,880 | |
River Islands Public Financing Authority Community Facilities District No. 2016-1 (C) | 4.250 | 09-01-42 | 1,000,000 | 1,001,479 | |
River Islands Public Financing Authority Community Facilities District No. 2016-1 (C) | 5.250 | 09-01-52 | 500,000 | 540,694 |
8 | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
California (continued) | |||||
River Islands Public Financing Authority Lathrop Irrigation District (C) | 4.000 | 09-01-35 | 1,125,000 | $1,159,171 | |
Riverside County Transportation Commission Route 91 Express Lanes, Series C | 4.000 | 06-01-47 | 1,680,000 | 1,513,367 | |
Sacramento Municipal Utility District Series H | 4.000 | 08-15-45 | 750,000 | 736,616 | |
Salinas City Elementary School District Election of 2022, Measure G, Series A, GO (C) | 4.000 | 08-01-53 | 1,000,000 | 940,233 | |
Salinas City Elementary School District Election of 2022, Measure G, Series A, GO (C) | 5.250 | 08-01-48 | 1,000,000 | 1,085,971 | |
Salinas Union High School District Certificates of Participation, Workforce Housing Project (C) | 4.125 | 06-01-42 | 275,000 | 272,516 | |
Salinas Union High School District Series A, GO | 4.000 | 08-01-47 | 1,250,000 | 1,206,022 | |
San Bernardino Community College District Election of 2002, Series D, GO (A) | 3.503 | 08-01-33 | 2,000,000 | 1,414,262 | |
San Bernardino Community College District Election of 2008, Series B, GO (A) | 4.877 | 08-01-44 | 1,530,000 | 556,822 | |
San Bernardino County Transportation Authority Series A | 4.000 | 03-01-38 | 2,000,000 | 2,052,009 | |
San Diego County Regional Airport Authority Series A | 4.000 | 07-01-51 | 2,000,000 | 1,864,497 | |
San Diego County Regional Airport Authority Series B, AMT | 4.000 | 07-01-39 | 1,320,000 | 1,254,423 | |
San Diego Public Facilities Financing Authority Capital Improvement Projects, Series A | 5.000 | 10-15-44 | 970,000 | 992,457 | |
San Diego Unified School District Election of 2008, Series K-2, GO (A) | 3.930 | 07-01-33 | 205,000 | 139,547 | |
San Diego Unified School District Election of 2012, Series O-2, GO | 4.250 | 07-01-47 | 1,460,000 | 1,460,646 | |
San Diego Unified School District Series I, GO (A) | 4.583 | 07-01-39 | 1,250,000 | 608,537 | |
San Francisco Bay Area Rapid Transit District Election of 2016, Series D1, GO (D) | 4.000 | 08-01-37 | 2,810,000 | 2,840,307 | |
San Francisco Bay Area Rapid Transit District Election of 2016, Series D1, GO (D) | 4.250 | 08-01-52 | 3,000,000 | 2,976,878 | |
San Francisco Bay Area Rapid Transit District Sales Tax Revenue Series A | 3.000 | 07-01-44 | 2,000,000 | 1,562,053 | |
San Francisco City & County Airport Commission Series 2020-B | 4.000 | 05-01-37 | 1,010,000 | 1,028,235 | |
San Francisco City & County Airport Commission Series A, AMT | 5.000 | 05-01-38 | 1,000,000 | 1,066,591 | |
San Francisco City & County Airport Commission Series A, AMT | 5.000 | 05-01-49 | 1,500,000 | 1,531,227 | |
San Francisco City & County Airport Commission SFO Fuel Company, AMT | 5.000 | 01-01-47 | 2,000,000 | 2,043,204 | |
San Francisco City & County Public Utilities Commission Power Revenue Local Water, Series C | 4.000 | 11-01-50 | 1,135,000 | 1,099,468 | |
San Francisco City & County Public Utilities Commission Power Revenue Series A | 5.000 | 11-01-45 | 1,500,000 | 1,527,331 | |
San Francisco City & County Public Utilities Commission Wastewater Revenue Series A | 4.000 | 10-01-51 | 1,395,000 | 1,347,756 | |
San Francisco City & County Redevelopment Successor Agency Community Facilities District No. 6, Mission Bay South, Series A | 5.150 | 08-01-35 | 1,250,000 | 1,253,006 | |
San Francisco City & County Redevelopment Successor Agency Mission Bay Project, Series A | 5.000 | 08-01-43 | 475,000 | 482,245 | |
San Joaquin Hills Transportation Corridor Agency Series A | 4.000 | 01-15-50 | 1,000,000 | 925,904 | |
San Joaquin Regional Rail Commission Ace Maintenance Facility Project | 4.000 | 05-01-37 | 490,000 | 479,493 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | 9 |
Rate (%) | Maturity date | Par value^ | Value | ||
California (continued) | |||||
San Joaquin Regional Rail Commission Ace Maintenance Facility Project | 4.000 | 05-01-38 | 410,000 | $393,599 | |
San Joaquin Regional Rail Commission Ace Maintenance Facility Project | 4.000 | 05-01-39 | 110,000 | 104,085 | |
San Jose Evergreen Community College District Election of 2016, Series C, GO | 4.000 | 09-01-43 | 1,000,000 | 995,157 | |
San Jose Financing Authority Series B | 5.000 | 11-01-52 | 1,000,000 | 1,086,389 | |
San Luis Obispo Public Financing Authority Cultural Arts District Parking Project | 5.000 | 12-01-53 | 1,490,000 | 1,570,316 | |
San Mateo Foster City Public Financing Authority Clean Water Program | 5.000 | 08-01-49 | 2,000,000 | 2,126,317 | |
San Mateo Foster City School District Election of 2020, Series B, GO | 4.000 | 08-01-42 | 1,000,000 | 1,004,131 | |
Santa Ana Financing Authority Police Administration & Holding Facility, Series A (C) | 6.250 | 07-01-24 | 1,125,000 | 1,150,560 | |
Santa Ana Financing Authority Prerefunded, Police Administration & Holding Facility, Series A (C) | 6.250 | 07-01-24 | 1,130,000 | 1,156,416 | |
Santa Ana Unified School District Election of 2018, Series C, GO | 4.000 | 08-01-44 | 2,000,000 | 1,941,985 | |
Santa Clara Valley Water District Safe Clean Water Revenue Series A | 5.000 | 08-01-47 | 1,000,000 | 1,095,097 | |
Santa Cruz County Capital Financing Authority Green Bond | 4.125 | 06-01-48 | 1,005,000 | 986,703 | |
Santa Margarita Water District Community Facilities District No. 2013-1 | 5.625 | 09-01-43 | 745,000 | 745,000 | |
Santa Maria Joint Union High School District Election of 2016, GO | 3.000 | 08-01-41 | 1,000,000 | 812,154 | |
Santa Monica Community College District Series B, GO | 4.000 | 08-01-45 | 2,000,000 | 1,976,075 | |
South Placer Wastewater Authority Wastewater Revenue | 5.000 | 11-01-34 | 240,000 | 282,542 | |
Southern California Public Power Authority Apex Power Project, Series A | 5.000 | 07-01-38 | 1,000,000 | 1,009,031 | |
Southern California Public Power Authority Natural Gas Project, Series A | 5.250 | 11-01-26 | 2,000,000 | 2,061,092 | |
Southwestern Community College District Series D, GO | 3.000 | 08-01-41 | 1,825,000 | 1,482,368 | |
State of California Series CU, GO | 4.850 | 12-01-46 | 1,000,000 | 1,041,868 | |
State of California Various Purpose, GO | 5.000 | 04-01-32 | 2,000,000 | 2,324,333 | |
State of California Various Purpose, GO | 5.000 | 10-01-42 | 2,000,000 | 2,211,336 | |
State of California Various Purpose, GO | 5.000 | 10-01-45 | 1,100,000 | 1,208,256 | |
Sweetwater Union High School District Election of 2018, Series A-1, GO | 5.000 | 08-01-52 | 2,125,000 | 2,249,070 | |
Three Rivers Levee Improvement Authority Community Facilities District No. 2006-1, Series A | 4.000 | 09-01-51 | 1,000,000 | 771,039 | |
Tobacco Securitization Authority of Southern California Tobacco Settlement, Series B1-2 | 5.000 | 06-01-48 | 2,000,000 | 2,032,630 | |
Transbay Joint Powers Authority Series A | 5.000 | 10-01-32 | 345,000 | 364,709 | |
Union Elementary School District Election of 2022, Series A, GO | 4.000 | 09-01-52 | 1,000,000 | 960,550 | |
University of California Series AZ | 5.000 | 05-15-48 | 1,500,000 | 1,580,387 | |
University of California Series BK | 5.000 | 05-15-52 | 1,720,000 | 1,865,668 |
10 | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
California (continued) | |||||
University of California Series BM | 5.000 | 05-15-39 | 1,000,000 | $1,134,690 | |
Vista Unified School District Series B, GO (C) | 4.250 | 08-01-44 | 1,500,000 | 1,521,096 | |
Vista Unified School District Series B, GO (C) | 5.000 | 08-01-42 | 1,000,000 | 1,090,310 | |
West Hollywood Public Financing Authority Series A | 3.000 | 04-01-42 | 2,000,000 | 1,601,464 | |
William S. Hart Union High School District Community Facilities District No. 2015-1 | 5.000 | 09-01-47 | 1,000,000 | 1,006,131 | |
Windsor Unified School District Election of 2016, GO (C) | 4.000 | 08-01-46 | 2,100,000 | 2,023,317 | |
Yorba Linda Water District Public Financing Corp. Series A | 4.000 | 10-01-52 | 1,005,000 | 965,100 | |
Connecticut 0.1% | 405,994 | ||||
Town of Hamden Whitney Center Project | 5.000 | 01-01-50 | 500,000 | 405,994 | |
Puerto Rico 1.3% | 4,015,863 | ||||
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Series A-1 | 5.000 | 07-01-58 | 1,500,000 | 1,451,858 | |
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Series A-1 (A) | 5.693 | 07-01-46 | 3,825,000 | 1,060,589 | |
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Series A-1 (A) | 5.764 | 07-01-51 | 3,450,000 | 708,759 | |
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Series A-2 | 4.784 | 07-01-58 | 850,000 | 794,657 |
Shares | Value | ||||
Closed-end funds 0.3% | $1,066,050 | ||||
(Cost $1,039,842) | |||||
Invesco California Value Municipal Income Trust | 115,000 | 1,066,050 | |||
Yield (%) | Shares | Value | |||
Short-term investments 1.6% | $5,046,447 | ||||
(Cost $5,045,529) | |||||
Short-term funds 1.6% | |||||
John Hancock Collateral Trust (E) | 5.4789(F) | 504,816 | 5,046,447 | ||
Total investments (Cost $333,381,127) 103.3% | $322,343,672 | ||||
Other assets and liabilities, net (3.3%) | (10,370,722) | ||||
Total net assets 100.0% | $311,972,950 |
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) | 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. |
(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) | Security represents the municipal bond held by a trust that issues residual inverse floating rate interests. |
(E) | Investment is an affiliate of the fund, the advisor and/or subadvisor. |
(F) | The rate shown is the annualized seven-day yield as of 8-31-23. |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | 11 |
Insurance coverage | As a % of total investments |
Build America Mutual Assurance Company | 7.1 |
Assured Guaranty Municipal Corp. | 5.6 |
National Public Finance Guarantee Corp. | 1.0 |
California Mortgage Insurance | 0.9 |
TOTAL | 14.6 |
The fund had the following sector composition as a percentage of total investments on 8-31-23:
General obligation bonds | 24.4% |
Revenue bonds | 73.7% |
Health care | 12.7% |
Other revenue | 12.6% |
Water and sewer | 7.8% |
Facilities | 7.5% |
Education | 7.2% |
Tobacco | 6.3% |
Airport | 6.0% |
Housing | 3.7% |
Utilities | 3.3% |
Development | 3.2% |
Transportation | 3.1% |
Pollution | 0.3% |
Closed-end funds | 0.3% |
Short-term investments | 1.6% |
TOTAL | 100.0% |
12 | JOHN HANCOCK CALIFORNIA MUNICIPAL BOND FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
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 Advisor’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. Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day.
In certain instances, the Pricing Committee of the Advisor may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
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 Pricing Committee following procedures established by the Advisor and adopted 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 Advisor’s 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, 2023, by major security category or type:
Total value at 8-31-23 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Municipal bonds | $316,231,175 | — | $316,231,175 | — |
Closed-end funds | 1,066,050 | $1,066,050 | — | — |
Short-term investments | 5,046,447 | 5,046,447 | — | — |
Total investments in securities | $322,343,672 | $6,112,497 | $316,231,175 | — |
Investment in affiliated underlying funds. 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 | 504,816 | $3,774,313 | $31,341,422 | $(30,069,916) | $(228) | $856 | $125,700 | — | $5,046,447 |
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.
| | 13 |