N-Q 1 a_jhfii.htm JOHN HANCOCK FUNDS II a_jhfii.htm
UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION 
Washington, DC 20549 
 
FORM N-Q 
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED 
MANAGEMENT INVESTMENT COMPANY 
 
Investment Company Act file number:           811-21779 
JOHN HANCOCK FUNDS II 
 
(Exact name of registrant as specified in charter) 
 
601 CONGRESS STREET, BOSTON, MA 02210 
(Address of principal executive offices)  (Zip code) 
 
Michael J. Leary, 601 CONGRESS STREET, BOSTON, MA 02210 
(Name and address of agent for service) 
 
 
Registrant’s telephone number, including area code: 617-663-4490 
 
 
Date of fiscal year end: August 31   
Date of reporting period: May 31, 2012   

 


Item 1. Schedule of Investments.




John Hancock Floating Rate Income Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value   
  Rate (%)  date    Value 
  
Term Loans (M) 89.6%        $2,140,377,180 
(Cost $2,162,973,664)         
 
Consumer Discretionary 24.7%        591,464,247 
 
Auto Components - 1.5%         
Allison Transmission, Inc.  2.740  08/07/14  $24,557,549  24,168,729 
Schrader, Inc. (T)  —  04/26/18  6,900,000  6,882,750 
UCI International, Inc.  5.500  07/26/17  4,937,500  4,931,328 
 
Automobiles - 0.1%         
Chrysler Group LLC (T)  —  05/24/17  3,500,000  3,489,791 
 
Diversified Consumer Services - 0.6%         
Monitronics International, Inc.  5.500  03/16/18  14,000,000  13,825,000 
 
Hotels, Restaurants & Leisure - 7.6%         
Caesars Entertainment Operating Company, Inc.  5.489  01/26/18  35,617,852  31,400,948 
Caesars Entertainment Operating Company, Inc.  9.500  10/31/16  16,730,337  16,920,879 
CCM Merger, Inc.  6.000  03/01/17  20,917,475  20,708,300 
DineEquity, Inc.  4.250  10/19/17  10,757,398  10,674,480 
Golden Nugget, Inc.  3.240  06/30/14  4,725,598  4,479,474 
Landry's, Inc.  6.500  04/24/18  27,325,000  27,188,375 
Las Vegas Sands LLC  2.850  11/23/16  26,421,612  25,682,626 
Pinnacle Entertainment, Inc.  4.000  03/19/19  7,250,000  7,195,625 
QCE LLC  9.000  01/24/17  16,293,956  13,849,862 
Stockbridge SBE Holdings LLC (T)  —  05/02/17  10,000,000  9,750,000 
The Wendy's Company (T)  —  05/15/19  13,770,000  13,597,875 
 
Leisure Equipment & Products - 0.3%         
Amscan Holdings, Inc.  6.750  12/04/17  7,284,469  7,287,507 
 
Media - 10.5%         
Acosta, Inc.  4.750  03/01/18  12,090,169  11,878,591 
Advantage Sales & Marketing LLC  5.250  12/18/17  11,297,365  11,184,391 
AMC Entertainment, Inc.  3.489  12/15/16  12,792,113  12,721,757 
Bresnan Broadband Holdings LLC  4.500  12/14/17  6,890,687  6,770,100 
Cengage Learning, Inc.  5.740  07/05/17  33,487,034  28,263,057 
Charter Communications Operating LLC  3.720  09/06/16  13,126,727  12,929,826 
Charter Communications Operating LLC  4.000  05/15/19  10,000,000  9,850,000 
Entercom Radio LLC  6.250  11/23/18  11,916,667  11,896,802 
Getty Images, Inc.  4.221  11/13/15  3,000,000  2,988,750 
Getty Images, Inc.  5.250  11/07/16  7,718,284  7,690,722 
Kabel Deutschland GmbH  4.250  02/01/19  6,604,630  6,563,351 
Newsday LLC  10.500  08/01/13  2,000,000  2,040,000 
Nielsen Finance LLC  2.489  02/02/17  4,443,750  4,267,111 
Nielsen Finance LLC  3.489  05/02/16  11,989,322  11,794,496 
Regal Cinemas Corp.  3.367  08/23/17  6,156,988  6,102,012 
Sinclair Television Group, Inc.  4.000  10/28/16  9,743,990  9,670,910 
TWCC Holding Corp.  4.250  02/13/17  13,663,551  13,561,074 
Univision Communications, Inc.  4.489  03/31/17  58,126,618  53,280,312 
UPC Financing Partnership  4.750  12/29/17  3,500,000  3,430,000 
Visant Corp.  5.250  12/22/16  24,179,694  23,313,263 
 
Multiline Retail - 2.1%         
Michaels Stores, Inc.  5.000  07/29/16  25,317,172  25,222,233 
Savers, Inc.  4.250  03/03/17  894,898  889,305 
The Neiman Marcus Group, Inc.  4.750  05/16/18  25,917,494  25,484,179 

 

1 

 


John Hancock Floating Rate Income Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value   
  Rate (%)  date    Value 
 
Consumer Discretionary (continued)         
 
Specialty Retail - 2.0%         
Freedom Group, Inc.  5.500  04/12/19  $11,000,000  $10,958,750 
Gymboree Corp.  5.000  02/23/18  19,952,480  18,495,949 
Petco Animal Supplies, Inc.  4.500  11/24/17  18,441,944  18,183,757 
 
Consumer Staples 6.8%        162,730,021 
 
Food & Staples Retailing - 0.7%         
Dunkin' Brands, Inc.  4.000  11/23/17  8,741,809  8,640,282 
Michael Foods, Inc.  4.250  02/23/18  7,871,973  7,842,453 
 
Food Products - 3.2%         
Brickman Group Holdings, Inc.  5.500  10/14/16  5,299,445  5,286,197 
Del Monte Corp.  4.500  03/08/18  39,005,250  38,176,388 
Dole Food Company, Inc.  5.026  07/06/18  8,081,052  8,020,444 
Dole Food Company, Inc.  5.040  07/06/18  4,515,875  4,482,006 
WM Bolthouse Farms, Inc.  5.507  02/11/16  2,639,411  2,642,710 
WM Bolthouse Farms, Inc.  9.500  08/11/16  18,500,000  18,500,000 
 
Household Products - 2.2%         
Reynolds Group Holdings, Inc.  6.500  02/09/18  31,338,294  31,351,362 
Reynolds Group Holdings, Inc.  6.500  08/09/18  5,874,359  5,876,809 
Spectrum Brands Holdings, Inc.  5.001  06/17/16  7,010,080  6,999,565 
Yankee Candle Company, Inc.  5.250  04/02/19  8,500,000  8,430,938 
 
Personal Products - 0.7%         
NBTY, Inc.  4.250  10/02/17  16,647,341  16,480,867 
 
Energy 3.4%        80,317,084 
 
Energy Equipment & Services - 0.4%         
Invenergy Wind LLC  9.000  11/21/17  9,775,500  9,799,939 
 
Oil, Gas & Consumable Fuels - 3.0%         
Arch Coal, Inc.  5.750  05/14/18  18,440,000  17,929,064 
Chesapeake Energy Corp. (T)  —  12/02/17  19,770,000  19,260,923 
El Paso Corp. (T)  —  04/24/18  6,500,000  6,495,938 
Frac Tech International LLC  6.250  05/06/16  16,091,774  14,333,168 
SunCoke Energy, Inc.  4.000  07/26/18  12,656,255  12,498,052 
 
Financials 6.6%        135,681,467 
 
Diversified Financial Services - 4.0%         
Alpha D2, Ltd.  5.750  04/28/17  13,250,000  13,181,378 
BLB Management Services, Inc.  8.500  11/05/15  10,728,352  10,735,057 
Husky Injection Molding Systems Ltd.  6.500  06/29/18  22,021,957  21,891,212 
Mercury Payment Systems  5.500  07/03/17  10,917,500  10,890,206 
RPI Finance Trust  4.000  05/09/18  13,377,231  13,285,263 
Star West Generation LLC  6.000  05/17/18  25,838,975  25,193,001 
 
Insurance - 0.6%         
Asurion Corp.  5.500  05/24/18  15,558,606  15,313,076 
 
Real Estate Management & Development - 1.1%         
Realogy Corp.  4.489  10/10/16  24,955,623  22,772,006 
Realogy Corp.  4.490  10/10/16  2,652,348  2,420,268 

 

2 

 


John Hancock Floating Rate Income Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value   
  Rate (%)  date    Value 
 
Health Care 16.7%        $399,423,707 
 
Biotechnology - 0.5%         
Medpace, Inc.  6.500  06/16/17  $12,307,000  11,814,720 
 
Health Care Equipment & Supplies - 2.3%         
Bausch & Lomb, Inc. (T)  —  05/10/19  18,250,000  17,947,744 
Convatec, Inc.  5.750  12/22/16  14,774,692  14,682,350 
Immucor, Inc.  7.250  08/17/18  10,950,000  10,931,746 
Kinetic Concepts, Inc.  7.000  05/04/18  12,126,857  12,206,979 
 
Health Care Providers & Services - 9.6%         
Alliance HealthCare Services, Inc.  7.250  06/01/16  3,648,851  3,393,432 
Cardinal Health, Inc.  5.250  09/15/17  9,975,000  9,850,313 
Community Health Systems, Inc.  2.573  07/25/14  12,033,141  11,794,355 
CRC Health Corp.  4.970  11/16/15  29,449,617  26,946,399 
DaVita, Inc.  4.500  10/20/16  7,424,812  7,385,275 
Emergency Medical Services Corp.  5.278  05/25/18  32,463,224  31,943,813 
Hanger Orthopedic Group, Inc.  4.000  12/01/16  17,550,153  17,396,589 
HCA, Inc.  2.489  11/15/13  19,207,967  19,019,883 
IASIS Healthcare LLC  5.000  05/03/18  16,128,792  15,826,377 
InVentiv Health, Inc.  6.500  08/04/16  8,450,000  7,893,711 
inVentiv Health, Inc.  6.750  05/15/18  12,409,981  11,773,970 
Multiplan, Inc.  4.750  08/26/17  18,077,233  17,670,496 
National Healing Corp.  8.250  11/30/17  11,870,250  11,514,143 
National Mentor Holdings, Inc.  7.000  02/09/17  12,870,000  12,721,995 
Universal Health Services, Inc.  3.750  11/15/16  14,459,000  14,365,016 
Vanguard Health Holding Company II LLC  5.000  01/29/16  10,424,022  10,381,680 
 
Health Care Technology - 0.4%         
MedAssets, Inc.  5.250  11/16/16  8,675,316  8,660,854 
 
Life Sciences Tools & Services - 1.3%         
Pharmaceutical Product Development, Inc.  6.250  12/05/18  31,720,500  31,728,430 
 
Pharmaceuticals - 2.6%         
Capsugel Holdings US, Inc.  5.250  08/01/18  18,027,877  18,016,609 
Quintiles Transnational Corp.  5.000  06/08/18  22,341,225  21,978,180 
Warner Chilcott Company LLC  4.250  03/15/18  21,752,669  21,578,648 
 
Industrials 9.9%        257,837,812 
 
Aerospace & Defense - 1.7%         
DAE Aviation Holdings, Inc.  5.470  07/31/14  17,332,948  17,072,954 
Delos Aircraft, Inc.  4.750  04/12/16  22,000,000  21,890,000 
TransDigm, Inc.  4.000  02/14/17  1,932,607  1,914,891 
 
Airlines - 0.6%         
Delta Air Lines, Inc.  5.500  04/20/17  15,069,485  15,017,691 
 
Building Products - 0.0%         
Goodman Global, Inc.  5.750  10/28/16  167,102  166,803 
 
Commercial Services & Supplies - 2.3%         
ACCO Brands Corp.  4.250  04/30/19  3,980,000  3,975,025 
ARAMARK Corp.  1.966  01/27/14  64,096  63,562 
ARAMARK Corp.  2.345  01/27/14  1,171,857  1,161,603 
ARAMARK Corp.  3.341  07/26/16  267,979  265,132 
ARAMARK Corp.  3.489  07/26/16  4,074,825  4,031,530 
Brand Energy & Infrastructure Services, Inc.  2.501  02/07/14  2,484,636  2,335,557 

 

3 

 


John Hancock Floating Rate Income Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value   
  Rate (%)  date    Value 
 
Industrials (continued)         
Flying Fortress, Inc.  5.000  06/30/17  $22,000,000  $21,890,000 
Language Line LLC  6.250  06/20/16  7,511,931  7,455,592 
US Investigations Services, Inc.  2.990  02/21/15  13,151,407  12,460,958 
US Investigations Services, Inc.  7.750  02/20/15  5,092,451  5,066,989 
Waste Industries USA, Inc.  4.750  03/17/17  14,265,589  14,087,270 
WCA Waste Corp.  5.500  03/22/18  4,000,000  3,980,000 
 
Electrical Equipment - 1.0%         
Generac Acquisition Corp. (T)  —  06/09/18  23,000,000  22,770,000 
 
Machinery - 1.5%         
Intelligrated, Inc.  7.500  02/16/17  10,716,513  10,555,765 
Schaeffler AG  6.000  01/27/17  25,700,000  25,587,563 
 
Professional Services - 0.9%         
Fenwal, Inc.  2.716  02/28/14  21,348,768  20,708,305 
 
Road & Rail - 1.5%         
Avis Budget Car Rental LLC  6.250  09/21/18  4,146,071  4,140,889 
RailAmerica, Inc.  4.000  03/01/19  14,000,000  13,930,000 
The Hertz Corp.  3.750  03/09/18  17,548,418  17,246,813 
 
Trading Companies & Distributors - 0.4%         
BakerCorp International, Inc.  4.750  06/01/18  10,173,125  10,062,920 
 
Information Technology 5.6%        132,917,872 
 
Electronic Equipment, Instruments & Components - 1.1%         
Sensus USA, Inc.  4.750  05/09/17  5,940,000  5,905,352 
Sensus USA, Inc.  8.500  05/09/18  4,000,000  4,000,000 
Sophia LP  6.250  07/19/18  13,750,000  13,780,085 
 
IT Services - 0.3%         
Global Cash Access, Inc.  7.000  03/01/16  6,451,786  6,459,851 
 
Semiconductors & Semiconductor Equipment - 1.2%         
Freescale Semiconductor, Inc.  4.489  12/01/16  11,054,870  10,366,704 
Freescale Semiconductor, Inc.  6.000  02/27/19  5,000,000  4,905,000 
NXP BV (T)  —  03/19/19  1,500,000  1,470,000 
NXP Funding LLC  5.500  03/03/17  12,935,000  12,708,638 
 
Software - 2.7%         
First Data Corp.  2.989  09/24/14  9,389,846  8,891,545 
First Data Corp.  4.239  03/23/18  34,355,611  31,145,526 
Lawson Software, Inc.  6.250  04/05/18  6,250,000  6,236,331 
Sungard Data Systems, Inc.  3.930  02/26/16  19,027,203  18,860,715 
 
Wireless Telecommunication Services - 0.3%         
Syniverse Technologies, Inc.  5.000  04/23/19  8,250,000  8,188,125 
 
Materials 7.3%        174,027,594 
 
Chemicals - 1.7%         
Ashland, Inc.  3.750  08/23/18  3,978,571  3,953,208 
Ineos US Finance LLC (T)  —  04/27/18  10,300,000  10,086,275 
Norit NV  6.750  07/07/17  16,145,331  16,064,604 
OM Group, Inc.  5.750  08/02/17  6,716,250  6,702,260 
Tronox Pigments BV  1.000  02/08/18  750,000  742,813 
Tronox Pigments BV  4.250  02/08/18  2,750,000  2,721,353 

 

4 

 


John Hancock Floating Rate Income Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value   
  Rate (%)  date    Value 
 
Materials (continued)         
 
Construction Materials - 0.4%         
Roofing Supply Group LLC (T)  —  05/24/19  $10,370,000  $10,344,075 
 
Containers & Packaging - 0.9%         
BWAY Holding Company  4.500  02/23/18  2,670,787  2,630,725 
ICL Industrial Containers ULC  4.500  02/23/18  253,207  249,408 
NPC International, Inc.  5.250  12/28/18  4,250,000  4,228,750 
The Container Store  6.250  04/05/19  14,250,000  14,178,750 
 
Metals & Mining - 3.4%         
Constellium Holdco BV (T)  —  05/22/18  13,500,000  13,162,500 
Fairmount Minerals, Ltd.  5.250  03/15/17  25,520,000  25,073,400 
Global Brass and Copper, Inc.  10.500  08/18/15  6,767,486  6,936,673 
Novelis, Inc.  4.000  03/10/17  27,208,230  26,698,076 
Walter Energy, Inc.  4.000  04/02/18  9,498,447  9,138,294 
 
Paper & Forest Products - 0.9%         
Exopack LLC  6.500  05/31/17  21,438,000  21,116,430 
 
Telecommunication Services 4.7%        112,086,833 
 
Diversified Telecommunication Services - 3.4%         
Crown Castle Operating Company  4.000  01/31/19  18,571,742  18,307,094 
Intelsat Jackson Holdings SA  5.250  04/02/18  34,646,213  34,299,750 
Level 3 Financing, Inc.  2.653  03/13/14  20,000,000  19,500,000 
Telesat Holdings, Inc.  4.250  03/26/19  8,750,000  8,640,625 
 
Wireless Telecommunication Services - 1.3%         
MetroPCS Wireless, Inc.  4.000  03/16/18  10,394,912  10,142,836 
MetroPCS Wireless, Inc.  4.071  11/03/16  6,600,062  6,448,261 
Vodafone Group PLC  6.250  07/11/16  14,530,313  14,748,267 
 
Utilities 3.9%        93,890,543 
 
Electric Utilities - 1.9%         
EquiPower Resources Corp.  5.750  01/26/18  6,745,591  6,610,679 
Texas Competitive Electric Holdings Company LLC  4.739  10/10/17  66,177,435  38,473,906 
 
Independent Power Producers & Energy Traders -         
2.0%         
Dynegy Power LLC  9.250  08/04/16  19,661,855  20,218,934 
GenOn Energy, Inc.  6.000  12/01/17  11,081,250  10,909,491 
NRG Energy, Inc.  4.000  07/02/18  6,451,250  6,378,673 
The AES Corp.  4.250  06/01/18  11,427,418  11,298,860 
 
 
Corporate Bonds 8.7%        $207,710,742 
(Cost $212,903,716)         
 
Consumer Discretionary 1.1%        25,490,275 
 
Hotels, Restaurants & Leisure - 0.1%         
Caesars Entertainment Operating Company, Inc.  11.250  06/01/17  1,500,000  1,593,750 
 
Media - 1.0%         
CCO Holdings LLC  7.000  01/15/19  6,000,000  6,315,000 
CCO Holdings LLC  7.875  04/30/18  2,970,000  3,185,325 
CCO Holdings LLC  8.125  04/30/20  2,300,000  2,530,000 
Nara Cable Funding, Ltd. (S)  8.875  12/01/18  5,260,000  4,602,500 
Univision Communications, Inc. (S)  6.875  05/15/19  2,500,000  2,437,500 
Univision Communications, Inc. (S)  7.875  11/01/20  4,720,000  4,826,200 

 

5 

 


John Hancock Floating Rate Income Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value   
  Rate (%)  date    Value 
 
Consumer Staples 0.3%        $6,634,275 
 
Household Products - 0.2%         
Reynolds Group Issuer, Inc. (S)  7.875  08/15/19  $5,370,000  5,678,775 
 
Tobacco - 0.1%         
Alliance One International, Inc.  10.000  07/15/16  980,000  955,500 
 
Energy 1.5%        35,988,975 
 
Energy Equipment & Services - 0.8%         
Hercules Offshore, Inc. (S)  7.125  04/01/17  16,890,000  16,298,850 
Hercules Offshore, Inc. (S)  10.500  10/15/17  3,461,000  3,461,000 
 
Oil, Gas & Consumable Fuels - 0.7%         
Arch Coal, Inc. (S)  7.000  06/15/19  5,750,000  4,930,625 
Chesapeake Energy Corp.  6.125  02/15/21  6,980,000  6,578,650 
Chesapeake Energy Corp.  6.775  03/15/19  2,740,000  2,609,850 
Chesapeake Energy Corp.  9.500  02/15/15  2,000,000  2,110,000 
 
Financials 1.3%        32,135,359 
 
Consumer Finance - 0.6%         
SLM Corp.  7.250  01/25/22  3,500,000  3,425,744 
SLM Corp.  8.000  03/25/20  11,100,000  11,361,105 
 
Diversified Financial Services - 0.4%         
Bank of America Corp.  6.500  08/01/16  10,000,000  10,831,510 
 
Real Estate Management & Development - 0.3%         
Realogy Corp. (S)  7.875  02/15/19  6,860,000  6,517,000 
 
Industrials 1.2%        28,588,358 
 
Airlines - 0.3%         
Continental Airlines 1997-4 Class A Pass Through Trust  6.900  01/02/18  944,731  1,009,729 
Continental Airlines 1999-1 Class A Pass Through Trust  6.545  02/02/19  286,948  307,752 
Continental Airlines 2009-2 Class B Pass Through Trust  9.250  05/10/17  1,954,958  2,143,123 
UAL 2009-2A Pass Through Trust  9.750  01/15/17  3,197,614  3,661,268 
 
Commercial Services & Supplies - 0.2%         
International Lease Finance Corp. (S)  7.125  09/01/18  3,300,000  3,630,000 
 
Marine - 0.7%         
Horizon Lines LLC (S)  11.000  10/15/16  17,263,000  16,745,110 
 
Road & Rail - 0.0%         
RailAmerica, Inc.  9.250  07/01/17  1,056,000  1,091,376 
 
Information Technology 0.1%        3,390,000 
 
Software - 0.1%         
First Data Corp. (S)  7.375  06/15/19  3,390,000  3,390,000 
 
Materials 1.5%        34,739,510 
 
Chemicals - 0.3%         
Georgia Gulf Corp. (S)  9.000  01/15/17  5,000,000  5,612,500 
 
Metals & Mining - 0.8%         
Midwest Vanadium Pty, Ltd. (S)  11.500  02/15/18  7,000,000  4,340,000 
Molycorp, Inc. (S)  10.000  06/01/20  15,530,000  15,491,175 
 
Paper & Forest Products - 0.4%         
Appleton Papers, Inc. (S)  10.500  06/15/15  5,160,000  5,495,400 

 

6 

 


John Hancock Floating Rate Income Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value   
  Rate (%)  date    Value 
 
Materials (continued)         
NewPage Corp. (H)  11.375  12/31/14  $5,500,000  $3,410,000 
Verso Paper Holdings LLC  8.750  02/01/19  850,000  301,750 
Verso Paper Holdings LLC (S)  11.750  01/15/19  65,000  49,400 
Verso Paper Holdings LLC., Series B  11.375  08/01/16  81,000  39,285 
 
Telecommunication Services 0.8%        19,890,750 
 
Diversified Telecommunication Services - 0.6%         
Wind Acquisition Finance SA (S)  7.250  02/15/18  17,650,000  15,090,750 
 
Wireless Telecommunication Services - 0.2%         
Sprint Nextel Corp.  8.375  08/15/17  5,000,000  4,800,000 
 
Utilities 0.9%        20,853,240 
 
Electric Utilities - 0.2%         
Texas Competitive Electric Holdings Company LLC (S)  11.500  10/01/20  4,940,000  3,309,800 
 
Independent Power Producers & Energy Traders - 0.7%         
Calpine Construction Finance Company LP (S)  8.000  06/01/16  7,000,000  7,507,500 
Calpine Corp. (S)  7.250  10/15/17  8,508,000  8,975,940 
Calpine Corp. (S)  7.875  07/31/20  1,000,000  1,060,000 
 
      Shares  Value 
 
Common Stocks 0.6%        $13,941,112 
(Cost $5,291,155)         
 
Consumer Discretionary 0.0%        976,563 
 
Hotels, Restaurants & Leisure - 0.0%         
Tropicana Entertainment, Inc. (I)      72,338  976,563 
 
Materials 0.6%        12,964,549 
 
Chemicals - 0.6%         
Georgia Gulf Corp.      74,111  2,205,543 
LyondellBasell Industries NV, Class A      272,656  10,759,006 
 
 
Preferred Securities 0.7%        $18,023,752 
(Cost $18,841,250)         
 
Financials 0.7%        18,023,752 
 
Diversified Financial Services - 0.7%         
Citigroup Capital XII (8.500% to 3-30-15, then 3 month LIBOR + 5.870%)    260,450  6,719,610 
GMAC Capital Trust I (8.125% to 2-15-16, then 3 month LIBOR + 5.785%)    493,200  11,304,142 
 
      Par value  Value 
 
Short-Term Investments 6.4%        $154,082,905 
(Cost $154,082,905)         
 
Repurchase Agreement 6.4%        154,082,905 
Deutsche Bank Repurchase Agreement dated 5-31-12 at 0.190% to be repurchased at     
$153,100,808 on 6-1-12, collateralized by $142,620,000 U.S. Treasury Inflation     
Protected Securities, 0.625% due 4-15-13 (valued at $156,162,054, including     
interest)      $153,100,000  153,100,000 

 

7 

 


John Hancock Floating Rate Income Fund
As of 5-31-12 (Unaudited)

  Par value  Value 
 
Repurchase Agreement (continued)     
Repurchase Agreement with State Street Corp. dated 5-31-12 at 0.010% to be     
repurchased at $982,905 on 6-1-12, collateralized by $808,600 U.S. Treasury     
Bonds, 3.750% due 8-15-41 (valued at $991,798, including interest)  $982,905  $982,905 
 
Total investments (Cost $2,554,092,690)† 106.0%    $2,534,135,691 
 
Other assets and liabilities, net (6.0%)    ($144,402,560) 
 
Total net assets 100.0%    $2,389,733,131 

 

The percentage shown for each investment category is the total value of that category as a percentage of the net assets of the Fund.

LIBOR London Interbank Offered Rate

(H) Non-income producing - Issuer is in default.

(I) Non-income producing security.

(M) Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.

(S) 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 $139,450,025.

(T) A portion of this position represents unsettled loan commitment at period end where the coupon rate will be determined at time of settlement.

† At 5-31-12, the aggregate cost of investment securities for federal income tax purposes was $2,556,798,687. Net unrealized depreciation aggregated $22,662,996, of which $27,750,901 related to appreciated investment securities and $50,413,897 related to depreciated investment securities.

8 

 


John Hancock Floating Rate Income Fund
As of 5-31-12 (Unaudited)

Security valuation. Investments are stated at value as of the close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In order to value the securities, the Fund uses the following valuation techniques. Equity securities held by the Fund are valued at the last sale price or official closing price on the principal securities exchange on which they trade. In the event there were no sales during the day or closing prices are not available, then securities are valued using the last quoted bid or evaluated price. Debt obligations are valued based on the evaluated prices provided by an independent pricing service, which utilizes both dealer-supplied and electronic data processing techniques, taking 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. Certain securities traded only in the over-the-counter market are valued at the last bid price quoted by brokers making markets in the securities at the close of trading. Certain short-term securities are valued at amortized cost. Other portfolio securities and assets, where 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 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. Level 2 includes securities valued using 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, 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 may result in transfers into or out of an assigned level within the disclosure hierarchy.

9 

 


The following is a summary of the values by input classification of the Fund’s investments as of May 31, 2012, by major security category or type:

      Level 2  Level 3 
  Total Market    Significant  Significant 
  Value at  Level 1 Quoted  Observable  Unobservable 
  05/31/12  Price  Inputs  Inputs 
Term Loans         
Consumer Discretionary  $591,464,247  —  $591,464,247  — 
Consumer Staples  162,730,021  —  162,730,021  — 
Energy  80,317,084  —  80,317,084  — 
Financials  135,681,467  —  135,681,467  — 
Health Care  399,423,707  —  399,423,707  — 
Industrials  257,837,812  —  257,837,812  — 
Information Technology  132,917,872  —  132,917,872  — 
Materials  174,027,594  —  174,027,594  — 
Telecommunication Services  112,086,833  —  112,086,833  — 
Utilities  93,890,543  —  93,890,543  — 
Corporate Bonds         
Consumer Discretionary  25,490,275  —  25,490,275  — 
Consumer Staples  6,634,275  —  6,634,275  — 
Energy  35,988,975  —  35,988,975  — 
Financials  32,135,359  —  32,135,359  — 
Industrials  28,588,358  —  28,588,358  — 
Information Technology  3,390,000  —  3,390,000  — 
Materials  34,739,510  —  34,739,510  — 
Telecommunication Services  19,890,750  —  19,890,750  — 
Utilities  20,853,240  —  20,853,240  — 
Common Stocks         
Consumer Discretionary  976,563  —  976,563  — 
Materials  12,964,549  $12,964,549  —  — 
Preferred Securities         
Financials  18,023,752  18,023,752  —  — 
Short-Term Investments         
Repurchase Agreement  154,082,905  —  154,082,905  — 
Total investments in Securities  $2,534,135,691  $30,988,301  $2,503,147,390  — 

 

Repurchase agreements. The Fund may enter into repurchase agreements. When the Fund enters into a repurchase agreement, it receives collateral which is held in a segregated account by the Fund’s custodian. The collateral amount is marked-to-market and monitored on a daily basis to ensure that the collateral held is in an amount not less than the principal amount of the repurchase agreement plus any accrued interest. In the event of a default by the counterparty, realization of the collateral proceeds could be delayed, during which time the collateral value may decline.

Term loans (Floating rate loans). The Fund may invest in term loans, which often include debt securities that are rated below investment grade at the time of purchase. Term loans are generally subject to legal or contractual restrictions on resale. The liquidity of term loans, including the volume and frequency of secondary market trading in such loans, varies significantly over time and among individual loans. During periods of infrequent trading, valuing a term loan can be more difficult and buying and selling a term loan at an acceptable price can be more difficult and delayed, which could result in a loss.

A Fund’s ability to receive payments of principal, interest and other amounts in connection with term loans will depend primarily on the financial condition of the borrower. A Fund’s failure to receive scheduled payments on a term loan due to a default, bankruptcy or other reason, would adversely affect the Fund’s income and would likely reduce the value of its assets. Because many term loans are not rated by independent credit rating agencies, a decision to invest in a particular loan could depend exclusively on the subadviser’s credit analysis of the borrower and/or term loan agents. A Fund may have limited rights to enforce the terms of an underlying loan.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

10 

 






Alternative Asset Allocation Fund
As of 5-31-12 (Unaudited)

Investment Companies   
Underlying Funds’ Subadvisers   
 
Deutsche Investment Management Americas, Inc.  (Deutsche) 
Dimensional Fund Advisors LP  (DFA) 
First Quadrant, LP  (First Quadrant) 
John Hancock Asset Management1  (John Hancock) 
Pacific Investment Management Company LLC  (PIMCO) 
RCM Capital Management LLC  (RCM) 
Standard Life Investments (Corporate Funds) Limited  (Standard Life) 
Stone Harbor Investment Partners LP  (Stone Harbor) 
Wellington Management Company, LLP  (Wellington) 

 

  Shares  Value 
Affiliated Investment Companies 88.3%    $109,211,600 
(Cost $109,769,709)     
 
EQUITY 18.4 %     
 
John Hancock Funds II (G)    22,791,258 
Emerging Markets, Class NAV (DFA)  385,320  3,517,968 
Global Real Estate, Class NAV (Deutsche)  405,452  2,907,091 
Natural Resources, Class NAV (Wellington)  163,152  2,447,282 
Redwood, Class NAV (RCM)  626,388  6,577,071 
Technical Opportunities, Class NAV (Wellington)  776,915  7,341,846 
 
FIXED INCOME 42.6 %     
 
John Hancock Funds II (G)    52,617,257 
Global High Yield, Class NAV (Stone Harbor)  1,826,330  18,354,616 
Multi Sector Bond, Class NAV (Stone Harbor)  1,468,975  14,836,648 
Real Return Bond, Class NAV (PIMCO)  469,240  6,118,896 
Strategic Income Opportunities, Class NAV (John Hancock1) (A)  1,256,572  13,307,097 
 
ALTERNATIVE 27.3 %     
 
John Hancock Funds II (G)    33,803,085 
Currency Strategies, Class NAV (First Quadrant) (I)  1,872,920  18,354,616 
Global Absolute Return Strategies, Class NAV (Standard Life) (I)  1,475,498  15,448,469 
 
Unaffiliated Investment Companies 10.3%    $12,744,014 
(Cost $13,589,617)     
 
Equity 10.3%    12,744,014 
PowerShares DB Commodity Index Tracking Fund (I)  137,478  3,469,945 
PowerShares DB Gold Fund (I)  58,810  3,173,976 
Turner Spectrum Fund Institutional Class  556,070  6,100,093 
 
Total investments (Cost $123,359,326)† 98.6%    $121,955,614 
 
Other assets and liabilities, net 1.4%    $1,718,258 
 
Total net assets 100.0%    $123,673,872 



     Percentages are based upon net assets

(1)   Manulife Asset Management (US) LLC is doing business as John Hancock Asset Management.

(A) The subadviser is an affiliate of the adviser.

(G) The underlying fund's subadviser is shown parenthetically.

(I)   Non-income producing.

†    At 5-31-12, the aggregate cost of investment securities for federal income tax purposes was $123,895,696. Net unrealized depreciation aggregated $1,940,082, of which $1,036,109 related to appreciated investment securities and $2,976,191 related to depreciated investment securities.

1 

 


Alternative Asset Allocation Fund
Notes to the Portfolio of Investments
As of 5-31-2012 (Unaudited)

Security valuation. Investments are stated at value as of the close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In order to value the securities, the Fund uses the following valuation techniques. Equity securities, including exchange-traded funds, held by the Fund are valued at the last sale price or official closing price on the principal securities exchange on which they trade. In the event there were no sales during the day or closing prices are not available, then securities are valued using the last quoted bid or evaluated price. Investments by the Fund in underlying affiliated funds and/or other open-end management investment companies are valued at their respective net asset values each business day. Other portfolio securities and assets, where 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 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 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, 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.

As of May 31, 2012, all investments are categorized as Level 1 under the hierarchy described above. Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. During the period ended May 31, 2012, there were no transfers between the levels described above.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

2  

 






Natural Resources Fund 
As of 5 31 12 (Unaudited) 

  Shares  Value 
 
Common Stocks 94.6%    $815,519,192 
(Cost $993,045,510)     
 
Energy 62.1%    535,613,117 
 
Energy Equipment & Services 12.9%     
Baker Hughes, Inc. (L)  492,200  20,539,506 
Cameron International Corp. (I)  360,900  16,489,521 
Dril-Quip, Inc. (I)  148,600  9,003,674 
National Oilwell Varco, Inc.  177,800  11,868,150 
Noble Corp. (I)(L)  400,600  12,526,762 
Patterson-UTI Energy, Inc.  558,000  8,436,960 
Schlumberger, Ltd.  372,400  23,554,300 
Tidewater, Inc.  199,300  8,984,444 
 
Oil, Gas & Consumable Fuels 49.2%     
Alpha Natural Resources, Inc. (I)  640,800  6,715,584 
Anadarko Petroleum Corp.  207,000  12,627,000 
BG Group PLC  1,767,075  34,013,933 
BP PLC, ADR (L)  522,227  19,040,396 
Canadian Natural Resources, Ltd.  343,166  9,854,581 
Chesapeake Energy Corp. (L)  1,064,200  17,984,980 
Chevron Corp.  365,640  35,946,068 
Cobalt International Energy, Inc. (I)  308,000  6,976,200 
ConocoPhillips (L)  303,800  15,846,208 
CONSOL Energy, Inc.  366,586  10,293,735 
Encana Corp. (L)  705,754  14,103,464 
EOG Resources, Inc.  173,391  17,217,726 
Imperial Oil, Ltd. (L)  659,800  26,490,970 
Marathon Petroleum Corp.  408,300  14,727,381 
Occidental Petroleum Corp.  109,300  8,664,211 
Oil Search, Ltd.  2,317,158  15,299,803 
Peabody Energy Corp.  331,400  7,741,504 
Petroleo Brasileiro SA, ADR  669,996  13,105,122 
Phillips 66 (I)  576,550  17,313,797 
Pioneer Natural Resources Company  145,300  14,050,510 
Reliance Industries, Ltd.  695,405  8,864,682 
Reliance Industries, Ltd., GDR (Euronext Exchange) (S)  12,753  308,878 
Reliance Industries, Ltd., GDR (London Exchange) (S)  131,344  3,184,918 
Repsol YPF SA  388,072  5,828,600 
Repsol YPF SA, ADR  425,200  6,378,000 
Sasol, Ltd., ADR  300,900  12,782,232 
Southwestern Energy Company (I)  519,400  14,558,782 
Statoil ASA, ADR (L)  809,000  18,364,300 
Suncor Energy, Inc.  648,941  17,611,286 
Tesoro Corp. (I)  483,200  10,688,384 
Whiting Petroleum Corp. (I)  176,500  7,626,565 
 
Materials 32.5%    279,906,075 
 
Chemicals 3.4%     
LyondellBasell Industries NV, Class A (L)  485,900  19,173,614 
The Mosaic Company  213,000  10,155,840 
 
Construction Materials 1.5%     
CRH PLC (London Exchange)  734,329  12,577,527 
 
Metals & Mining 27.6%     
Alumina, Ltd.  14,104,256  13,470,698 
Anglo Platinum, Ltd.  185,755  10,470,745 

 

 1  

 


Natural Resources Fund 
As of 5 31 12 (Unaudited) 

    Shares  Value 
 
Materials (continued)       
AngloGold Ashanti, Ltd., ADR (L)    249,841  $9,009,266 
ArcelorMittal (L)    840,500  11,674,545 
Barrick Gold Corp.    301,400  11,844,727 
BHP Billiton PLC    1,069,001  28,026,241 
Compania de Minas Buenaventura SA, ADR    334,600  13,096,244 
First Quantum Minerals, Ltd.    965,200  16,905,134 
Fortescue Metals Group, Ltd. (L)    3,272,217  14,688,125 
Freeport-McMoRan Copper & Gold, Inc.    852,000  27,298,080 
Glencore International PLC (L)    3,455,637  18,156,782 
Goldcorp, Inc.    210,500  7,683,449 
Kinross Gold Corp.    1,983,000  15,804,510 
Mongolian Mining Corp. (I)    17,516,500  11,779,455 
Teck Resources, Ltd., Class B (L)    378,000  11,268,180 
Vedanta Resources PLC    764,671  11,052,519 
Walter Energy, Inc.    119,100  5,770,394 
 
Paper & Forest Products 0.0%       
Sino-Forest Corp. (I)(L)    1,073,800  0 
 
Warrants 0.6%      $5,483,216 
(Cost $12,253,914)       
 
Materials 0.6%      5,483,216 
NMDC, Ltd. (Expiration date: 03/25/2015, Strike Price: INR 0.00001) (I)  1,859,117  5,483,216 
 
  Yield  Shares  Value 
 
Securities Lending Collateral 16.6%      $143,097,972 
(Cost $143,107,457)       
 
John Hancock Collateral Investment Trust, (W)  0.3309%(Y)  14,299,501  143,097,972 
 
    Shares  Value 
 
Short-Term Investments 4.4%      $37,700,000 
(Cost $37,700,000)       
 
Repurchase Agreement 4.4%      37,700,000 
Deutsche Bank Securities Tri-Party Repurchase Agreement dated 5-31-12 at 0.220%     
to be repurchased at $37,700,230 on 6-1-12, collateralized by $15,165,688     
Government National Mortgage Association, 3.500% due 2-20-26 (valued at     
$15,206,992, including interest) and $23,159,974 Government National Mortgage     
Association, 5.000% due 6-15-40 (valued at $23,247,008, including interest)  37,700,000  37,700,000 
 
Total investments (Cost $1,186,106,881)† 116.2%      $1,001,800,380 
 
Other assets and liabilities, net (16.2%)      ($139,863,507) 
 
Total net assets 100.0%      $861,936,873 
 

 

The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the Fund.

ADR American Depositary Receipts

GDR Global Depositary Receipt

INR Indian Rupee

(I) Non-income producing security.

(L) A portion of this security is on loan as of 5-31-12.

(S) 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.

 2  

 


Natural Resources Fund 
As of 5 31 12 (Unaudited) 

(W) Investment is an affiliate of the Fund, the adviser and/or subadviser. Also, it represents the investment of securities lending collateral received.

(Y) The rate shown is the annualized seven-day yield as of 5-31-12.

† At 5-31-12, the aggregate cost of investment securities for federal income tax purposes was $1,193,460,031. Net unrealized depreciation aggregated $191,659,651 of which $6,643,238 related to appreciated investment securities and $198,302,889 related to depreciated investment securities.

 3  

 


Natural Resources Fund 
As of 5 31 12 (Unaudited) 

Notes to the Schedule of Investments

Security valuation. Investments are stated at value as of the close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In order to value the securities, the Fund uses the following valuation techniques. Equity securities held by the Fund are valued at the last sale price or official closing price on the principal securities exchange on which they trade. In the event there were no sales during the day or closing prices are not available, then securities are valued using the last quoted bid or evaluated price. Investments by the Funds in open-end mutual funds, including John Hancock Collateral Investment Trust, are valued at their respective net asset values each business day. Foreign securities and currencies are valued in U.S. dollars, based on foreign currency exchange rates supplied by an independent pricing service. Certain securities traded only in the over-the-counter market are valued at the last bid price quoted by brokers making markets in the securities at the close of trading. Certain short-term securities are valued at amortized cost.

Other portfolio securities and assets, where 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. Generally, trading in non-U.S. securities is substantially completed each day at various times prior to the close of trading on the NYSE. Significant market events that affect the values of non-U.S. securities may occur between the time when the valuation of the securities is generally determined and the close of the NYSE. During significant market events, these securities will be valued at fair value, as determined in good faith, following procedures established by the Board of Trustees. The Fund may use a fair valuation model to value non-U.S. securities in order to adjust for events which may occur between the close of foreign exchanges and the close of the NYSE.

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. Level 2 includes securities valued using 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, 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.

The following is a summary of the values by input classification of the Fund’s investments as of May 31, 2012, by major security category or type:

      Level 2  Level 3 
  Total Market    Significant  Significant 
  Value at  Level 1 Quoted  Observable  Unobservable 
  05/31/12  Price  Inputs  Inputs 
Common Stocks         
Energy  $535,613,117  $468,421,181  $67,191,936  — 
Materials  279,906,075  159,683,982  120,222,093  — 
Warrants  5,483,216  —  5,483,216  — 
Securities Lending Collateral  143,097,972  143,097,972  —  — 
Short-Term Investments  37,700,000  —  37,700,000  — 
Total investments in Securities  $1,001,800,380  $771,203,135  $230,597,245  — 

 

Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. During the period ended May 31, 2012, there were no significant transfers between levels.

Repurchase agreements. The Fund may enter into repurchase agreements. When the Fund enters into a repurchase agreement, it receives collateral which is held in a segregated account by the Fund’s custodian. The collateral amount is marked-to-market and monitored on a daily basis to ensure that the collateral held is in an amount not less than the principal amount of the repurchase agreement plus any accrued interest. In the

 4  

 


Natural Resources Fund 
As of 5 31 12 (Unaudited) 

event of a default by the counterparty, realization of the collateral proceeds could be delayed, during which time the collateral value may decline. Collateral for certain tri-party repurchase agreements is held at a third-party custodian bank in a segregated account for the benefit of the Fund.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

 5  

 






Strategic Income Opportunities Fund
As of 5-31-12 (Unaudited)

      Maturity  Par value^   
    Rate (%)  date    Value 
 
Corporate Bonds 42.5%          $1,263,431,478 
(Cost $1,252,854,583)           
 
Consumer Discretionary 7.7%          229,126,901 
 
Auto Components 1.2%           
Allison Transmission, Inc. (S)    7.125  05/15/19  8,000,000  8,360,000 
Hyva Global BV (S)    8.625  03/24/16  2,600,000  2,216,500 
Lear Corp.    8.125  03/15/20  3,540,000  3,964,800 
Tenneco, Inc.    6.875  12/15/20  2,545,000  2,704,030 
The Goodyear Tire & Rubber Company  7.000  05/15/22  15,105,000  14,802,900 
The Goodyear Tire & Rubber Company  8.750  08/15/20  1,905,000  2,033,588 
TRW Automotive, Inc. (S)    8.875  12/01/17  340,000  379,100 
 
Automobiles 0.7%           
Chrysler Group LLC    8.250  06/15/21  1,605,000  1,609,013 
Ford Motor Company    6.625  10/01/28  5,829,000  6,878,978 
Ford Motor Company    7.450  07/16/31  3,139,000  4,088,548 
Ford Motor Credit Company LLC    4.250  02/03/17  5,680,000  6,056,891 
Ford Motor Credit Company LLC    8.700  10/01/14  1,100,000  1,256,858 
 
Food Products 0.1%           
Simmons Foods, Inc. (S)    10.500  11/01/17  4,285,000  4,017,188 
 
Hotels, Restaurants & Leisure 1.1%           
Ameristar Casinos, Inc.    7.500  04/15/21  1,260,000  1,307,250 
Arcos Dorados Holdings, Inc. (BRL) (D)(S)  10.250  07/13/16  7,480,000  3,922,007 
CCM Merger, Inc. (S)    9.125  05/01/19  7,150,000  7,150,000 
Fontainebleau Las Vegas Holdings LLC (H)(S)  10.250  06/15/15  1,295,000  809 
Great Canadian Gaming Corp. (S)    7.250  02/15/15  2,055,000  2,080,688 
Little Traverse Bay Bands of Odawa Indians (S)  9.000  08/31/20  464,000  422,240 
MGM Resorts International    6.625  07/15/15  13,505,000  13,867,947 
MGM Resorts International (S)    8.625  02/01/19  2,550,000  2,696,625 
Waterford Gaming LLC (S)    8.625  09/15/14  1,478,092  850,575 
 
Household Durables 0.3%           
Beazer Homes USA, Inc.    8.125  06/15/16  3,320,000  3,029,500 
Beazer Homes USA, Inc.    9.125  05/15/19  1,575,000  1,307,250 
Meritage Homes Corp. (S)    7.000  04/01/22  2,545,000  2,583,175 
Standard Pacific Corp.    8.375  05/15/18  2,020,000  2,168,975 
Standard Pacific Corp.    8.375  01/15/21  1,385,000  1,481,950 
 
Media 3.3%           
AMC Entertainment, Inc.    8.750  06/01/19  6,535,000  6,992,450 
AMC Entertainment, Inc.    9.750  12/01/20  6,210,000  6,675,750 
Cablevision Systems Corp.    8.000  04/15/20  8,680,000  9,048,900 
Cablevision Systems Corp.    8.625  09/15/17  2,680,000  2,927,900 
CCO Holdings LLC    7.000  01/15/19  9,560,000  10,061,900 
Cinemark USA, Inc.    7.375  06/15/21  3,200,000  3,424,000 
Cinemark USA, Inc.    8.625  06/15/19  500,000  543,750 
Clear Channel Communications, Inc. (Priority Guarantee Notes)  9.000  03/01/21  1,690,000  1,453,400 
Clear Channel Communications, Inc. (Senior Cash Pay Notes)  10.750  08/01/16  9,175,000  5,963,750 
Clear Channel Communications, Inc., PIK  11.000  08/01/16  5,434,203  3,477,890 
Comcast Corp.    4.950  06/15/16  1,165,000  1,312,177 
DISH DBS Corp. (S)    4.625  07/15/17  1,405,000  1,368,119 
DISH DBS Corp.    7.875  09/01/19  14,375,000  15,992,188 
Nexstar Broadcasting, Inc.    7.000  01/15/14  24,000  23,400 
Nexstar Broadcasting, Inc., PIK    7.000  01/15/14  964,997  940,872 
Ono Finance II PLC (S)    10.875  07/15/19  395,000  316,000 

 

1 

 


Strategic Income Opportunities Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value^   
  Rate (%)  date    Value 
 
Consumer Discretionary (continued)         
 
Quebecor Media, Inc. (CAD) (D)(S)  7.375  01/15/21  985,000  $1,001,355 
Regal Entertainment Group  9.125  08/15/18  1,530,000  1,663,875 
Shaw Communications, Inc. (CAD) (D)  5.500  12/07/20  1,580,000  1,672,657 
Shaw Communications, Inc. (CAD) (D)  5.700  03/02/17  610,000  653,108 
Shaw Communications, Inc. (CAD) (D)  6.500  06/02/14  1,225,000  1,277,079 
Videotron Ltee (CAD) (D)(S)  7.125  01/15/20  1,780,000  1,844,420 
Videotron Ltee (CAD) (D)  7.125  01/15/20  290,000  299,729 
Virgin Media Secured Finance PLC  5.250  01/15/21  1,260,000  1,410,734 
WMG Acquisition Corp.  11.500  10/01/18  10,410,000  11,086,650 
XM Satellite Radio, Inc. (S)  7.625  11/01/18  7,200,000  7,704,000 
 
Multiline Retail 0.3%         
Macy's Retail Holdings, Inc.  7.875  08/15/36  4,429,000  4,765,653 
Michaels Stores, Inc.  11.375  11/01/16  2,725,000  2,895,340 
 
Specialty Retail 0.5%         
Automotores Gildemeister SA (S)  8.250  05/24/21  6,505,000  6,618,838 
Empire Today LLC (S)  11.375  02/01/17  1,500,000  1,500,000 
Gymboree Corp.  9.125  12/01/18  1,590,000  1,411,125 
Hillman Group, Inc.  10.875  06/01/18  2,640,000  2,752,200 
Toys R Us Property Company II LLC  8.500  12/01/17  1,285,000  1,321,944 
 
Textiles, Apparel & Luxury Goods 0.2%         
Burlington Coat Factory Warehouse Corp.  10.000  02/15/19  4,200,000  4,336,500 
PVH Corp.  7.375  05/15/20  2,885,000  3,151,863 
 
Consumer Staples 2.4%        70,691,938 
 
Beverages 0.2%         
Anheuser-Busch InBev Worldwide, Inc. (BRL) (D)  9.750  11/17/15  7,218,000  3,945,680 
Corp. Lindley SA (S)  6.750  11/23/21  2,745,000  2,909,700 
 
Food & Staples Retailing 0.3%         
Rite Aid Corp. (S)  9.250  03/15/20  7,800,000  7,488,000 
Rite Aid Corp. (S)  9.250  03/15/20  1,915,000  1,833,613 
 
Food Products 0.7%         
B&G Foods, Inc.  7.625  01/15/18  2,755,000  2,947,850 
Corp. Pesquera Inca SAC (S)  9.000  02/10/17  2,310,000  2,448,600 
Del Monte Corp.  7.625  02/15/19  7,790,000  7,556,300 
Marfrig Holding Europe BV (S)  8.375  05/09/18  4,309,000  3,059,390 
TreeHouse Foods, Inc.  7.750  03/01/18  2,005,000  2,165,400 
Viterra, Inc. (CAD) (D)  8.500  07/07/14  3,460,000  3,450,453 
 
Household Products 1.1%         
Reynolds Group Issuer, Inc. (S)  8.500  05/15/18  2,895,000  2,714,063 
Reynolds Group Issuer, Inc. (S)  8.500  02/15/21  870,000  806,925 
Reynolds Group Issuer, Inc. (S)  9.000  04/15/19  20,495,000  19,675,200 
Yankee Candle Company, Inc.  8.500  02/15/15  121,000  124,026 
Yankee Candle Company, Inc., Series B  9.750  02/15/17  1,120,000  1,148,000 
YCC Holdings LLC, PIK  10.250  02/15/16  7,130,000  7,147,825 
 
Personal Products 0.1%         
Revlon Consumer Products Corp.  9.750  11/15/15  1,185,000  1,270,913 
 
Energy 3.6%        107,790,425 
 
Energy Equipment & Services 1.0%         
Calfrac Holdings LP (S)  7.500  12/01/20  3,485,000  3,275,900 
Forbes Energy Services, Ltd.  9.000  06/15/19  2,325,000  2,156,438 

 

2 

 


Strategic Income Opportunities Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value^   
  Rate (%)  date    Value 
 
Energy (continued)         
Inkia Energy, Ltd. (S)  8.375  04/04/21  6,790,000  $7,061,600 
Offshore Group Investments, Ltd.  11.500  08/01/15  11,005,000  11,720,325 
PHI, Inc.  8.625  10/15/18  3,880,000  3,977,000 
Trinidad Drilling, Ltd. (S)  7.875  01/15/19  1,575,000  1,653,750 
Weatherford International, Ltd.  9.625  03/01/19  800,000  1,055,098 
   
Oil, Gas & Consumable Fuels 2.6%         
Alpha Natural Resources, Inc.  6.250  06/01/21  5,530,000  4,921,700 
Arch Coal, Inc. (S)  7.000  06/15/19  2,640,000  2,263,800 
Arch Coal, Inc. (S)  7.250  06/15/21  7,650,000  6,521,625 
Bill Barrett Corp.  7.000  10/15/22  4,325,000  4,108,750 
Energy Partners, Ltd.  8.250  02/15/18  1,325,000  1,311,750 
EV Energy Partners LP  8.000  04/15/19  3,330,000  3,363,300 
Linn Energy LLC (S)  6.250  11/01/19  3,595,000  3,424,238 
Linn Energy LLC  8.625  04/15/20  2,140,000  2,268,400 
MarkWest Energy Partners LP  6.500  08/15/21  2,085,000  2,152,763 
McMoRan Exploration Company  11.875  11/15/14  5,875,000  6,139,375 
Niska Gas Storage US LLC  8.875  03/15/18  3,550,000  3,381,375 
Pan American Energy LLC (S)  7.875  05/07/21  3,370,000  2,906,625 
Peabody Energy Corp. (S)  6.250  11/15/21  6,160,000  6,144,600 
Pertamina Persero PT (S)  5.250  05/23/21  2,410,000  2,373,850 
Pertamina Persero PT (S)  6.500  05/27/41  1,730,000  1,712,700 
Petrobras International Finance Company  5.375  01/27/21  3,600,000  3,844,577 
Petroleos Mexicanos  6.000  03/05/20  2,120,000  2,390,300 
RDS Ultra-Deepwater, Ltd. (S)  11.875  03/15/17  5,065,000  5,470,200 
Regency Energy Partners LP  9.375  06/01/16  2,802,000  3,068,190 
Valero Energy Corp.  4.500  02/01/15  485,000  518,563 
Valero Energy Corp.  6.125  02/01/20  485,000  565,927 
W&T Offshore, Inc.  8.500  06/15/19  4,285,000  4,434,975 
Westmoreland Coal Company  10.750  02/01/18  3,315,000  3,049,800 
Williams Partners LP  7.250  02/01/17  460,000  552,931 
 
Financials 14.1%        419,605,870 
 
Capital Markets 0.5%         
Affinion Group Holdings, Inc.  11.625  11/15/15  4,370,000  3,517,850 
E*Trade Financial Corp.  6.750  06/01/16  3,295,000  3,344,425 
Hongkong Land Treasury Services (Singapore) Pte, Ltd.         
(SGD) (D)  3.860  12/29/17  2,500,000  2,065,973 
Macquarie Group, Ltd. (S)  7.300  08/01/14  960,000  1,019,301 
Temasek Financial I, Ltd. (SGD) (D)  3.265  02/19/20  5,250,000  4,452,461 
   
Commercial Banks 4.7%         
ANZ National International, Ltd. (SGD) (D)  2.950  07/27/15  2,750,000  2,177,724 
Banco de Galicia y Buenos Aires (S)  8.750  05/04/18  5,280,000  4,118,400 
Banco Safra SA (BRL) (D)(S)  10.250  08/08/16  3,326,000  1,758,360 
Banco Votorantim SA (BRL) (D)(S)  6.250  05/16/16  7,000,000  3,946,947 
BanColombia SA  5.950  06/03/21  4,495,000  4,652,325 
BBVA Bancomer SA (S)  6.500  03/10/21  7,610,000  7,476,825 
CIT Group, Inc. (S)  7.000  05/02/17  20,201,814  20,176,561 
Citizens Republic Bancorp, Inc.  5.750  02/01/13  3,500,000  3,316,590 
DBS Bank, Ltd. (IDR) (D)(S)  6.890  12/23/13  86,000,000,000  8,259,660 
First Niagara Financial Group, Inc.  7.250  12/15/21  13,890,000  15,434,082 
First Tennessee Bank NA  5.050  01/15/15  508,000  523,011 
M&I Marshall & Ilsley Bank  5.000  01/17/17  13,821,000  14,984,134 
Regions Financial Corp.  7.375  12/10/37  3,615,000  3,506,550 
Standard Chartered Bank (SGD) (D)  2.220  07/05/13  6,000,000  4,694,974 

 

3

 


Strategic Income Opportunities Fund

As of 5-31-12 (Unaudited)

    Maturity  Par value^   
  Rate (%)  date    Value 
 
Financials (continued)         
State Bank of India/London (S)  4.500  07/27/15  1,760,000  $1,783,514 
Synovus Financial Corp.  5.125  06/15/17  760,000  697,300 
Synovus Financial Corp.  7.875  02/15/19  4,515,000  4,729,463 
The Royal Bank of Scotland PLC (SGD) (D)(P)  2.178  03/31/14  7,500,000  5,780,745 
United Community Banks, Inc. (S)  7.500  09/30/15  2,075,000  1,934,938 
Wells Fargo & Company  2.625  12/15/16  5,845,000  5,961,105 
Western Alliance Bancorp  10.000  09/01/15  2,200,000  2,376,000 
Wilmington Trust Corp.  4.875  04/15/13  3,905,000  4,007,167 
Wilmington Trust Corp.  8.500  04/02/18  10,405,000  12,603,681 
Zions Bancorporation  6.000  09/15/15  5,515,000  5,738,821 
   
Consumer Finance 0.3%         
Capital One Financial Corp.  6.150  09/01/16  6,605,000  7,398,511 
   
Diversified Financial Services 5.6%         
Alfa Bank OJSC (S)  7.750  04/28/21  2,450,000  2,294,425 
Banco Continental SA (7.375% to 10/07/2020, then 3 month         
LIBOR + 6.802%) (S)  7.375  10/07/40  1,625,000  1,696,705 
Cooperatieve Centrale Raiffeisen-Boerenleenbank         
BA/Netherlands (NZD) (D)  5.125  03/12/13  4,156,000  3,168,148 
Corp Andina de Fomento  3.750  01/15/16  2,210,000  2,301,514 
Council of Europe Development Bank (AUD) (D)  5.250  05/27/13  2,760,000  2,731,475 
Eurofima (AUD) (D)  6.000  01/28/14  8,090,000  8,157,047 
European Investment Bank (NOK) (D)  4.250  02/04/15  70,100,000  11,958,579 
European Investment Bank (AUD) (D)  5.375  05/20/14  13,665,000  13,690,171 
European Investment Bank (NZD) (D)  6.500  09/10/14  3,920,000  3,146,197 
Forethought Financial Group, Inc. (S)  8.625  04/15/21  3,000,000  3,119,844 
General Electric Capital Australia Funding Pty, Ltd. (AUD)         
(D)  6.750  02/18/14  2,200,000  2,238,641 
General Electric Capital Australia Funding Pty, Ltd. (AUD)         
(D)  7.000  10/08/15  5,300,000  5,561,492 
General Electric Capital Corp. (SEK) (D)  4.875  04/05/16  41,000,000  5,999,114 
General Electric Capital Corp., Series A (NZD) (D)  7.625  12/10/14  14,055,000  11,492,186 
Gruposura Finance (S)  5.700  05/18/21  3,475,000  3,553,188 
Inter-American Development Bank (INR) (D)  4.750  01/10/14  166,600,000  2,886,260 
Inter-American Development Bank (AUD) (D)  5.375  05/27/14  5,000,000  5,085,054 
Inter-American Development Bank, Series MPLE (CAD) (D)  4.250  12/02/12  495,000  486,177 
Intercorp Retail Trust (S)  8.875  11/14/18  3,010,000  3,190,600 
International Bank for Reconstruction & Development (NZD)         
(D)  4.500  08/16/16  5,300,000  4,211,729 
International Bank for Reconstruction & Development (NZD)         
(D)  5.375  12/15/14  7,930,000  6,352,503 
International Finance Corp. (AUD) (D)  7.500  02/28/13  2,515,000  2,529,616 
iPayment, Inc.  10.250  05/15/18  1,335,000  1,194,825 
Kreditanstalt fuer Wiederaufbau (NOK) (D)  4.000  12/15/14  39,250,000  6,676,268 
Kreditanstalt fuer Wiederaufbau (AUD) (D)  5.750  05/13/15  15,350,000  15,894,822 
Kreditanstalt fuer Wiederaufbau (AUD) (D)  6.000  01/19/16  10,200,000  10,694,058 
Kreditanstalt fuer Wiederaufbau (AUD) (D)  6.000  08/20/20  18,700,000  20,160,131 
Kreditanstalt fuer Wiederaufbau (IDR) (D)  7.000  10/22/12  47,700,000,000  4,960,546 
   
Insurance 1.8%         
American International Group, Inc. (8.175% to 05/15/2038,         
then 3 month LIBOR + 4.195%)  8.175  05/15/58  13,870,000  14,407,463 
CNO Financial Group, Inc. (S)  9.000  01/15/18  3,770,000  3,996,200 

 

4

 


Strategic Income Opportunities Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value^   
  Rate (%)  date    Value 
 
Financials (continued)         
Glen Meadow Pass-Through Trust (6.505% to 02/15/2017,         
then 3 month LIBOR + 2.125%) (S)  6.505  02/12/67  9,270,000  $6,836,625 
MetLife, Inc.  6.400  12/15/36  4,400,000  4,190,481 
Symetra Financial Corp. (8.300% to 10/15/2017, then 3         
month LIBOR + 4.177%) (S)  8.300  10/15/37  1,095,000  1,062,150 
The Allstate Corp. (P)  6.125  05/15/37  14,580,000  13,796,325 
The Chubb Corp. (6.375% until 04/15/2017, then 3 month         
LIBOR + 2.250%)  6.375  03/29/67  2,235,000  2,268,525 
XL Group PLC., Series E (6.500% to 04/15/2017, then 3         
month LIBOR + 2.458%) (Q)  6.500  04/15/17  9,278,000  7,144,060 
   
Real Estate Investment Trusts 0.3%         
DuPont Fabros Technology LP  8.500  12/15/17  1,630,000  1,776,700 
Goodman Funding Pty, Ltd. (S)  6.000  03/22/22  5,690,000  5,829,098 
   
Real Estate Management & Development 0.8%         
CapitaMalls Asia Treasury, Ltd. (SGD) (D)  3.950  08/24/17  7,750,000  6,130,276 
Country Garden Holdings Company, Ltd. (S)  11.125  02/23/18  1,190,000  1,145,375 
Realogy Corp. (S)  7.625  01/15/20  585,000  601,088 
Realogy Corp. (S)  7.875  02/15/19  2,695,000  2,560,250 
Realogy Corp.  11.500  04/15/17  6,055,000  5,358,675 
Realogy Corp.  12.000  04/15/17  7,586,484  6,714,038 
Yanlord Land Group, Ltd. (S)  10.625  03/29/18  2,940,000  2,546,628 
   
Thrifts & Mortgage Finance 0.1%         
Nationstar Mortgage LLC (S)  9.625  05/01/19  2,965,000  3,083,600 
Nationstar Mortgage LLC  10.875  04/01/15  2,120,000  2,289,600 
 
Health Care 2.1%        61,367,960 
 
Biotechnology 0.1%         
Grifols, Inc.  8.250  02/01/18  1,390,000  1,478,613 
   
Health Care Equipment & Supplies 0.1%         
Alere, Inc.  8.625  10/01/18  3,790,000  3,775,788 
   
Health Care Providers & Services 1.4%         
BioScrip, Inc.  10.250  10/01/15  4,931,000  5,337,808 
Community Health Systems, Inc.  8.000  11/15/19  2,750,000  2,808,438 
Community Health Systems, Inc.  8.875  07/15/15  4,279,000  4,388,649 
Emergency Medical Services Corp.  8.125  06/01/19  650,000  663,000 
ExamWorks Group, Inc. (S)  9.000  07/15/19  6,815,000  6,917,225 
HCA, Inc.  7.500  02/15/22  8,550,000  8,961,469 
HCA, Inc.  8.000  10/01/18  1,600,000  1,768,000 
HCA, Inc.  8.500  04/15/19  4,105,000  4,530,894 
LifePoint Hospitals, Inc.  6.625  10/01/20  480,000  502,800 
National Mentor Holdings, Inc. (S)  12.500  02/15/18  7,070,000  6,928,600 
   
Pharmaceuticals 0.5%         
Catalent Pharma Solutions, Inc., PIK (P)  9.500  04/15/15  9,547,018  9,761,826 
Endo Pharmaceuticals Holdings, Inc.  7.250  01/15/22  3,170,000  3,312,650 
Valeant Pharmaceuticals International, Inc. (S)  7.000  10/01/20  240,000  232,200 
 
Industrials 3.4%        101,784,285 
 
Aerospace & Defense 0.2%         
Bombardier, Inc. (S)  7.750  03/15/20  730,000  801,175 
Kratos Defense & Security Solutions, Inc.  10.000  06/01/17  2,485,000  2,634,100 
TransDigm, Inc.  7.750  12/15/18  3,080,000  3,272,500 

 

5

 


Strategic Income Opportunities Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value^   
  Rate (%)  date    Value 
 
Industrials (continued)         
 
Airlines 1.2%         
America West Airlines 2001-1 Pass Through Trust  7.100  04/02/21  2,845,458  $2,945,049 
Delta Air Lines 2002-1 Class G-1 Pass Through Trust  6.718  01/02/23  1,444,751  1,531,436 
Delta Air Lines 2007-1 Class A Pass Through Trust  6.821  08/10/22  1,835,999  1,992,059 
Delta Air Lines, Inc. (S)  9.500  09/15/14  3,442,000  3,622,705 
Delta Air Lines, Inc. (S)  12.250  03/15/15  2,405,000  2,597,400 
TAM Capital 3, Inc. (S)  8.375  06/03/21  4,325,000  4,281,750 
TAM Capital, Inc.  7.375  04/25/17  1,690,000  1,690,000 
UAL 2009-1 Pass Through Trust  10.400  11/01/16  815,409  933,643 
UAL 2009-2A Pass Through Trust  9.750  01/15/17  1,306,597  1,496,053 
United Air Lines, Inc. (S)  9.875  08/01/13  308,000  317,240 
United Air Lines, Inc. (S)  12.000  11/01/13  4,610,000  4,846,263 
United Air Lines, Inc.  12.750  07/15/12  726,739  734,007 
US Airways 2012-1 Class A Pass Through Trust         
Series 2012-1A, Class PTT  5.900  10/01/24  2,040,000  2,073,150 
US Airways 2012-1 Class B Pass Through Trust  8.000  10/01/19  6,100,000  6,244,875 
Building Products 0.2%         
Euramax International, Inc.  9.500  04/01/16  1,085,000  971,075 
Nortek, Inc.  8.500  04/15/21  1,740,000  1,687,800 
Nortek, Inc.  10.000  12/01/18  3,800,000  4,009,000 
Voto-Votorantim Overseas Trading Operations NV (S)  6.625  09/25/19  330,000  355,575 
   
Commercial Services & Supplies 0.4%         
Covanta Holding Corp.  7.250  12/01/20  6,140,000  6,667,205 
Garda World Security Corp. (S)  9.750  03/15/17  3,285,000  3,490,313 
   
Construction & Engineering 0.2%         
Aeropuertos Argentina 2000 SA (S)  10.750  12/01/20  3,223,350  2,965,482 
Tutor Perini Corp.  7.625  11/01/18  3,975,000  3,965,063 
   
Electrical Equipment 0.3%         
Coleman Cable, Inc.  9.000  02/15/18  2,550,000  2,645,625 
WPE International Cooperatief UA (S)  10.375  09/30/20  5,640,000  4,732,524 
   
Industrial Conglomerates 0.4%         
Grupo KUO SAB de CV (S)  9.750  10/17/17  3,702,000  3,887,100 
Hutchison Whampoa International, Ltd. (S)  4.625  09/11/15  1,220,000  1,296,217 
Odebrecht Finance, Ltd. (Q)(S)  7.500  09/14/15  5,215,000  5,280,188 
Smiths Group PLC (S)  7.200  05/15/19  190,000  235,035 
   
Machinery 0.1%         
Thermadyne Holdings Corp.  9.000  12/15/17  1,875,000  1,912,500 
Volvo Treasury AB (S)  5.950  04/01/15  1,215,000  1,331,071 
   
Marine 0.1%         
Navios Maritime Holdings, Inc.  8.125  02/15/19  2,370,000  2,097,450 
Navios South American Logistics, Inc.  9.250  04/15/19  1,120,000  1,030,400 
   
Road & Rail 0.2%         
Avis Budget Car Rental LLC  9.625  03/15/18  1,655,000  1,797,744 
Swift Services Holdings, Inc.  10.000  11/15/18  4,125,000  4,434,375 
   
Trading Companies & Distributors 0.0%         
Aircastle, Ltd. (S)  6.750  04/15/17  555,000  549,450 
Aircastle, Ltd. (S)  7.625  04/15/20  570,000  571,425 
   
Transportation Infrastructure 0.1%         
SCF Capital, Ltd. (S)  5.375  10/27/17  4,110,000  3,858,263 

 

6 

 


Strategic Income Opportunities Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value^   
  Rate (%)  date    Value 
 
Information Technology 0.8%        $24,072,076 
 
Communications Equipment 0.0%         
Hughes Satellite Systems Corp.  7.625  06/15/21  475,000  491,625 
   
Computers & Peripherals 0.2%         
Seagate HDD Cayman  7.000  11/01/21  4,600,000  4,830,000 
   
Electronic Equipment, Instruments & Components 0.3%         
CDW LLC  12.535  10/12/17  6,215,000  6,650,050 
Freescale Semiconductor, Inc. (S)  9.250  04/15/18  1,745,000  1,836,613 
   
IT Services 0.2%         
Brightstar Corp. (S)  9.500  12/01/16  5,770,000  5,943,100 
Equinix, Inc.  8.125  03/01/18  960,000  1,048,800 
   
Software 0.1%         
First Data Corp. (S)  8.875  08/15/20  3,065,000  3,271,888 
 
Materials 4.3%        128,580,529 
 
Chemicals 0.2%         
American Pacific Corp.  9.000  02/01/15  2,185,000  2,174,075 
Braskem Finance, Ltd. (S)  7.000  05/07/20  2,460,000  2,644,500 
Braskem Finance, Ltd. (Q)(S)  7.375  10/04/15  844,000  825,010 
Ferro Corp.  7.875  08/15/18  375,000  373,125 
Polymer Group, Inc.  7.750  02/01/19  480,000  499,200 
   
Construction Materials 0.2%         
China Shanshui Cement Group, Ltd. (S)  8.500  05/25/16  2,505,000  2,411,063 
Votorantim Cimentos SA (S)  7.250  04/05/41  3,815,000  3,710,088 
Vulcan Materials Company  7.500  06/15/21  1,215,000  1,312,200 
   
Containers & Packaging 1.3%         
AEP Industries, Inc.  8.250  04/15/19  2,925,000  2,998,125 
Ball Corp.  6.750  09/15/20  11,970,000  12,987,450 
Berry Plastics Corp.  8.250  11/15/15  3,940,000  4,166,550 
Berry Plastics Corp.  9.750  01/15/21  3,360,000  3,494,400 
Cascades, Inc.  7.875  01/15/20  745,000  730,100 
Graphic Packaging International, Inc.  7.875  10/01/18  283,000  312,008 
Graphic Packaging International, Inc.  9.500  06/15/17  2,855,000  3,154,775 
Owens-Brockway Glass Container, Inc.  7.375  05/15/16  4,700,000  5,193,500 
Pretium Packaging LLC  11.500  04/01/16  1,320,000  1,343,100 
Tekni-Plex, Inc. (S)  9.750  06/01/19  3,615,000  3,587,888 
   
Metals & Mining 2.0%         
APERAM (S)  7.750  04/01/18  1,690,000  1,529,450 
CSN Islands XI Corp. (S)  6.875  09/21/19  510,000  548,250 
CSN Islands XII Corp. (Q)(S)  7.000  09/23/15  2,375,000  2,280,000 
Essar Steel Algoma, Inc. (S)  9.375  03/15/15  2,238,000  2,293,950 
FMG Resources August 2006 Pty, Ltd. (S)  6.875  04/01/22  11,260,000  10,837,750 
Gerdau Holdings, Inc. (S)  7.000  01/20/20  1,175,000  1,263,125 
Gerdau Trade, Inc. (S)  5.750  01/30/21  4,610,000  4,586,950 
Inmet Mining Corp. (S)  8.750  06/01/20  4,880,000  4,758,000 
Metinvest BV (S)  8.750  02/14/18  4,175,000  3,684,438 
Rain CII Carbon LLC (S)  8.000  12/01/18  4,815,000  5,031,675 
Rio Tinto Finance USA, Ltd.  7.125  07/15/28  1,795,000  2,472,826 
Rio Tinto Finance USA, Ltd.  9.000  05/01/19  1,540,000  2,117,016 
SunCoke Energy, Inc.  7.625  08/01/19  4,735,000  4,687,650 
Teck Resources, Ltd.  10.750  05/15/19  253,000  307,588 
Thompson Creek Metals Company, Inc.  7.375  06/01/18  2,775,000  2,289,375 

 

7

 


Strategic Income Opportunities Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value^   
  Rate (%)  date    Value 
 
Materials (continued)         
Vale Overseas, Ltd.  4.625  09/15/20  2,005,000  $2,068,192 
Vedanta Resources PLC (S)  8.250  06/07/21  6,128,000  5,300,720 
Winsway Coking Coal Holding, Ltd. (S)  8.500  04/08/16  2,930,000  2,680,950 
   
Paper & Forest Products 0.6%         
Celulosa Arauco y Constitucion SA  5.000  01/21/21  1,810,000  1,877,958 
Clearwater Paper Corp.  10.625  06/15/16  195,000  217,425 
Longview Fibre Paper & Packaging, Inc. (S)  8.000  06/01/16  1,735,000  1,721,988 
Mercer International, Inc.  9.500  12/01/17  2,365,000  2,453,688 
Resolute Forest Products  10.250  10/15/18  2,650,000  3,001,125 
Sappi Papier Holding GmbH (S)  7.500  06/15/32  6,715,000  5,439,150 
Suzano Trading, Ltd. (S)  5.875  01/23/21  3,105,000  2,848,838 
Verso Paper Holdings LLC  8.750  02/01/19  1,029,000  365,295 
 
Telecommunication Services 3.6%        104,975,757 
 
Diversified Telecommunication Services 2.4%         
American Tower Corp.  4.700  03/15/22  2,820,000  2,929,639 
American Tower Corp.  7.000  10/15/17  4,042,000  4,725,260 
AT&T, Inc.  6.700  11/15/13  1,240,000  1,350,468 
Axtel SAB de CV (S)  7.625  02/01/17  4,015,000  2,609,750 
Axtel SAB de CV (S)  9.000  09/22/19  3,250,000  2,112,500 
Cincinnati Bell, Inc.  8.375  10/15/20  5,595,000  5,497,088 
Cincinnati Bell, Inc.  8.750  03/15/18  6,225,000  5,773,688 
Crown Castle Towers LLC (S)  4.883  08/15/20  5,791,000  6,352,154 
Frontier Communications Corp.  7.125  03/15/19  1,045,000  1,005,813 
Frontier Communications Corp.  9.250  07/01/21  1,415,000  1,464,525 
GTP Acquisition Partners I LLC (S)  7.628  06/15/16  3,215,000  3,350,634 
GTP Towers Issuer LLC (S)  8.112  02/15/15  3,165,000  3,331,096 
Intelsat Jackson Holdings SA  11.250  06/15/16  430,000  448,813 
Intelsat Luxembourg SA  11.250  02/04/17  11,040,000  10,846,800 
Intelsat Luxembourg SA, PIK (S)  11.500  02/04/17  2,995,000  2,912,638 
Level 3 Financing, Inc.  10.000  02/01/18  540,000  581,850 
Oi SA (BRL) (D)(S)  9.750  09/15/16  4,668,000  2,453,370 
Sable International Finance, Ltd. (S)  7.750  02/15/17  915,000  928,725 
Satmex Escrow SA de CV  9.500  05/15/17  3,293,000  3,424,720 
SingTel Group Treasury Pte, Ltd. (SGD) (D)  3.488  04/08/20  1,000,000  832,010 
West Corp.  11.000  10/15/16  6,745,000  7,107,544 
Wind Acquisition Finance SA (S)  7.250  02/15/18  1,635,000  1,397,925 
   
Wireless Telecommunication Services 1.2%         
CC Holdings GS V LLC (S)  7.750  05/01/17  1,250,000  1,343,750 
Data & Audio Visual Enterprises Wireless, Inc. (CAD) (D)  9.500  04/29/18  1,991,000  1,638,524 
Digicel Group, Ltd. (S)  8.875  01/15/15  4,495,000  4,427,575 
Digicel, Ltd. (S)  7.000  02/15/20  1,275,000  1,233,563 
Digicel, Ltd. (S)  8.250  09/01/17  4,070,000  4,090,350 
Nextel Communications, Inc.  6.875  10/31/13  1,120,000  1,120,000 
Nextel Communications, Inc.  7.375  08/01/15  7,175,000  7,013,563 
NII Capital Corp.  8.875  12/15/19  2,205,000  2,039,625 
NII Capital Corp.  10.000  08/15/16  695,000  722,800 
SBA Tower Trust (S)  5.101  04/17/17  3,941,000  4,322,721 
Sprint Capital Corp.  8.750  03/15/32  5,365,000  4,520,013 
Sprint Nextel Corp. (S)  9.000  11/15/18  985,000  1,066,263 

 

8

 


Strategic Income Opportunities Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value^   
  Rate (%)  date    Value 
 
Utilities 0.5%        $15,435,737 
 
Electric Utilities 0.3%         
Appalachian Power Company  5.000  06/01/17  900,000  1,022,459 
Centrais Eletricas do Para SA (H)(S)  10.500  06/03/16  2,975,000  892,838 
Cia de Eletricidade do Estado da Bahia (BRL) (D)(S)  11.750  04/27/16  3,317,000  1,800,885 
Dubai Electricity & Water Authority (S)  7.375  10/21/20  3,365,000  3,539,980 
United Maritime Group LLC  11.750  06/15/15  1,830,000  1,994,700 
   
Independent Power Producers & Energy Traders 0.1%         
AES Andres Dominicana, Ltd. (S)  9.500  11/12/20  2,925,000  3,027,375 
   
Water Utilities 0.1%         
Cia de Saneamento Basico do Estado de Sao Paulo (S)  6.250  12/16/20  3,000,000  3,157,500 
 
U.S. Government & Agency Obligations 1.6%        $47,143,256 
(Cost $46,422,651)         
 
U.S. Government 1.6%        47,143,256 
U.S. Treasury Notes  0.875  02/28/17  46,590,000  47,143,256 
 
Foreign Government Obligations 28.7%        $852,432,411 
(Cost $865,737,308)         
 
Argentina 0.4%        12,777,113 
Provincia de Buenos Aires (S)  10.875  01/26/21  2,585,000  1,460,525 
Provincia de Buenos Aires (S)  11.750  10/05/15  3,720,000  2,734,200 
Provincia de Cordoba (S)  12.375  08/17/17  2,845,000  1,906,150 
Provincia de Neuquen Argentina (S)  7.875  04/26/21  5,005,000  4,104,100 
Republic of Argentina  7.000  10/03/15  465,000  352,238 
Republic of Argentina  8.750  06/02/17  2,810,000  2,219,900 
 
Australia 2.3%        69,496,242 
New South Wales Treasury Corp. (AUD) (D)  6.000  05/01/20  20,000,000  22,234,799 
Queensland Treasury Corp. (AUD) (D)  6.000  10/21/15  27,105,000  28,582,801 
Queensland Treasury Corp. (AUD) (D)  6.000  04/21/16  17,608,000  18,678,642 
 
Brazil 0.9%        25,245,507 
Federative Republic of Brazil (BRL) (D)  8.500  01/05/24  26,895,000  14,088,587 
Federative Republic of Brazil (BRL) (D)  10.250  01/10/28  18,482,000  11,156,920 
 
Canada 3.1%        90,747,695 
Canada Housing Trust No. 1 (CAD) (D)(S)  2.750  06/15/16  11,180,000  11,333,598 
Government of Canada (CAD) (D)  2.500  06/01/15  11,710,000  11,788,116 
Government of Canada (CAD) (D)  2.750  09/01/16  3,000,000  3,083,536 
Government of Canada (CAD) (D)  3.000  12/01/15  10,535,000  10,826,208 
Government of Canada (CAD) (D)  4.000  06/01/16  12,390,000  13,283,217 
Ontario School Boards Financing Corp., Series 01A2 (CAD)         
(D)  6.250  10/19/16  3,815,000  4,332,815 
Province of Ontario (CAD) (D)  3.150  09/08/15  6,210,000  6,305,358 

 

9

 


Strategic Income Opportunities Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value^   
  Rate (%)  date    Value 
 
Canada (continued)         
Province of Ontario  3.150  12/15/17  4,115,000  $4,473,425 
Province of Ontario (CAD) (D)  4.750  06/02/13  4,610,000  4,619,328 
Province of Ontario (CAD) (D)  6.250  06/16/15  12,870,000  10,497,268 
Province of Quebec (CAD) (D)  5.250  10/01/13  5,870,000  5,980,370 
Province of Quebec (NZD) (D)  6.750  11/09/15  5,060,000  4,224,456 
 
Chile 0.1%        1,951,425 
Republic of Chile  3.875  08/05/20  1,770,000  1,951,425 
 
Indonesia 2.9%        86,195,790 
Republic of Indonesia (S)  5.875  03/13/20  1,365,000  1,525,388 
Republic of Indonesia (IDR) (D)  8.250  07/15/21   263,340,000,000  31,233,385 
Republic of Indonesia (IDR) (D)  9.500  06/15/15   161,720,000,000  19,176,310 
Republic of Indonesia (IDR) (D)  9.500  07/15/31   130,800,000,000  17,138,585 
Republic of Indonesia (IDR) (D)  10.000  07/15/17   103,110,000,000  12,981,944 
Republic of Indonesia (IDR) (D)  12.500  03/15/13  23,855,000,000  2,685,913 
Republic of Indonesia (IDR) (D)  14.250  06/15/13  12,500,000,000  1,454,265 
 
Malaysia 1.3%        39,791,791 
Government of Malaysia (MYR) (D)  3.835  08/12/15  69,750,000  22,425,997 
Government of Malaysia (MYR) (D)  4.262  09/15/16  52,900,000  17,365,794 
 
Mexico 0.8%        24,929,115 
Government of Mexico  5.625  01/15/17  520,000  595,400 
Government of Mexico  5.875  02/17/14  550,000  591,250 
Government of Mexico (MXN) (D)  7.500  06/21/12  326,177,300  22,754,630 
Government of Mexico  8.125  12/30/19  360,000  482,400 
Government of Mexico, Series A  6.375  01/16/13  490,000  505,435 
 
New Zealand 3.2%        96,463,656 
Dominion of New Zealand (NZD) (D)  5.000  03/15/19  23,300,000  19,649,614 
Dominion of New Zealand (NZD) (D)  6.000  04/15/15  5,000,000  4,158,478 
Dominion of New Zealand (NZD) (D)  6.000  05/15/21  26,800,000  24,368,667 
Dominion of New Zealand, Series 1217 (NZD) (D)  6.000  12/15/17  55,060,000  48,286,897 
 
Norway 0.9%        27,549,732 
Government of Norway (NOK) (D)  4.500  05/22/19  32,043,000  6,199,623 
Government of Norway (NOK) (D)  5.000  05/15/15  68,377,000  12,341,674 
Government of Norway (NOK) (D)  6.500  05/15/13  52,700,000  9,008,435 
 
Peru 0.1%        2,161,688 
Republic of Peru  7.350  07/21/25  1,575,000  2,161,688 
 
Philippines 3.6%        106,498,059 
Republic of Philippines (PHP) (D)  4.950  01/15/21  659,000,000  15,763,059 
Republic of Philippines (PHP) (D)  5.875  12/16/20  321,278,240  7,680,880 
Republic of Philippines (PHP) (D)  5.875  03/01/32  1,128,885,000  25,461,864 
Republic of Philippines (PHP) (D)  6.250  01/14/36  895,000,000  21,440,501 
Republic of Philippines (PHP) (D)  6.500  04/28/21  711,400,000  17,583,280 

 

10 

 


Strategic Income Opportunities Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value^   
  Rate (%)  date    Value 
 
Philippines (continued)         
Republic of Philippines (PHP) (D)  8.125  12/16/35  653,520,160  $18,568,475 
 
Singapore 3.6%        107,995,945 
Republic of Singapore (SGD) (D)  1.375  10/01/14  14,975,000  11,925,834 
Republic of Singapore (SGD) (D)  1.625  04/01/13  11,750,000  9,219,081 
Republic of Singapore (SGD) (D)  2.375  04/01/17  36,300,000  30,597,779 
Republic of Singapore (SGD) (D)  2.875  07/01/15  43,650,000  36,527,286 
Republic of Singapore (SGD) (D)  3.250  09/01/20  22,210,000  19,725,965 
 
South Korea 3.7%        108,952,763 
Korea Treasury Bond Coupon Strips, IO (KRW) (D)  3.287  03/10/18  654,810,000  453,537 
Korea Treasury Bond Coupon Strips, IO (KRW) (D)  3.296  03/10/17  654,810,000  470,568 
Korea Treasury Bond Coupon Strips, IO (KRW) (D)  3.297  09/10/17  654,810,000  462,206 
Korea Treasury Bond Coupon Strips, IO (KRW) (D)  3.309  09/10/16  654,810,000  479,107 
Korea Treasury Bond Coupon Strips, IO (KRW) (D)  3.315  03/10/16  654,810,000  487,769 
Korea Treasury Bond Coupon Strips, IO (KRW) (D)  3.326  09/10/15  654,810,000  496,718 
Korea Treasury Bond Coupon Strips, IO (KRW) (D)  3.327  03/10/15  654,810,000  504,390 
Korea Treasury Bond Coupon Strips, IO (KRW) (D)  3.347  09/10/14  654,810,000  514,236 
Korea Treasury Bond Coupon Strips, IO (KRW) (D)  3.360  03/10/13  654,810,000  540,806 
Korea Treasury Bond Coupon Strips, IO (KRW) (D)  3.394  09/10/12  654,810,000  549,898 
Korea Treasury Bond Coupon Strips, IO (KRW) (D)  3.557  03/10/14  654,810,000  523,037 
Korea Treasury Bond Coupon Strips, IO (KRW) (D)  3.562  09/10/18  654,810,000  444,882 
Korea Treasury Bond Coupon Strips, IO (KRW) (D)  4.452  09/10/13  654,810,000  531,826 
Korea Treasury Bond Principal Strips, PO (KRW) (D)  3.286  09/10/18  22,776,000,000  15,474,152 
Republic of Korea (KRW) (D)  3.500  06/10/14  14,400,000,000  12,245,557 
Republic of Korea (KRW) (D)  3.500  03/10/17  16,000,000,000  13,604,643 
Republic of Korea (KRW) (D)  4.000  03/10/16  31,200,000,000  26,977,975 
Republic of Korea (KRW) (D)  4.250  12/10/12  6,535,000,000  5,562,671 
Republic of Korea (KRW) (D)  4.250  06/10/21  16,930,000,000  14,956,208 
Republic of Korea  4.375  08/10/15  485,000  510,858 
Republic of Korea (KRW) (D)  5.000  06/10/20  14,205,000,000  13,157,916 
Republic of Korea (KRW) (D)  5.750  09/10/18  4,000,000  3,803 
 
Sweden 1.6%        47,102,380 
Kingdom of Sweden (SEK) (D)  3.750  08/12/17  100,575,000  15,755,296 
Kingdom of Sweden (SEK) (D)  4.500  08/12/15  82,300,000  12,615,685 
Kingdom of Sweden (SEK) (D)  5.000  12/01/20  67,615,000  12,137,286 
Svensk Exportkredit AB (NZD) (D)  7.625  06/30/14  8,075,000  6,594,113 
 
Turkey 0.1%        1,886,813 
Republic of Turkey  6.750  05/30/40  1,735,000  1,886,813 
 
Ukraine 0.1%        2,686,697 
City of Kyiv (S)  9.375  07/11/16  1,245,000  1,044,272 
Government of Ukraine(S)  6.580  11/21/16  515,000  448,050 
Government of Ukraine(S)  7.950  02/23/21  1,365,000  1,194,375 

 

11

 


Strategic Income Opportunities Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value^   
  Rate (%)  date    Value 
 
Capital Preferred Securities 3.3%        $99,319,323 
(Cost $98,561,313)         
 
Financials 3.3%        99,319,323 
 
Commercial Banks 2.8%         
Banponce Trust I, Series A  8.327  02/01/27  750,000  542,468 
BB&T Capital Trust IV (P)  6.820  06/12/57  2,015,000  2,025,075 
Cullen/Frost Capital Trust II (P)  2.017  03/01/34  3,479,000  2,813,811 
Fifth Third Capital Trust IV (6.500% to 04/15/2017 then 3         
month LIBOR + 1.368%)  6.500  04/15/37  14,433,000  14,144,340 
First Midwest Capital Trust I, Series B  6.950  12/01/33  1,464,000  1,405,440 
First Tennessee Capital II  6.300  04/15/34  2,879,000  2,616,291 
HSBC Finance Capital Trust IX (5.911% to 11/30/2015, then         
3 month LIBOR + 1.926%)  5.911  11/30/35  8,618,000  7,928,560 
Keycorp Capital VII  5.700  06/15/35  2,515,000  2,515,000 
M&T Capital Trust I  8.234  02/01/27  1,335,000  1,419,798 
M&T Capital Trust II  8.277  06/01/27  1,630,000  1,664,638 
M&T Capital Trust III  9.250  02/01/27  480,000  508,505 
PNC Financial Services Group, Inc. (6.750% to 08/01/2021,         
then 3 month LIBOR + 3.678%) (Q)  6.750  08/01/21  4,740,000  4,906,137 
Regions Financing Trust II (6.625% to 05/15/2027, then 3         
month LIBOR + 1.290%)  6.625  05/15/47  10,475,000  9,728,656 
SunTrust Capital VIII (6.100% to 12/15/2036, then 1 month         
LIBOR + 1.965%)  6.100  12/15/66  5,609,000  5,559,921 
SunTrust Preferred Capital I (P)(Q)  4.000  06/15/12  9,340,000  6,444,600 
USB Capital IX (P)(Q)  3.500  04/15/17  6,009,000  4,496,775 
Wachovia Capital Trust III (P)(Q)  5.570  03/15/21  16,635,000  15,470,550 
 
Consumer Finance 0.1%         
North Fork Capital Trust II  8.000  12/15/27  1,865,000  1,883,650 
 
Diversified Financial Services 0.4%         
Citigroup Capital XXI (8.300% to 12/21/2037, then 3 month         
LIBOR + 4.170%)  8.300  12/21/57  1,690,000  1,708,590 
JPMorgan Chase Capital XXII  6.450  02/02/37  4,197,000  4,144,596 
JPMorgan Chase Capital XXIII (3 month LIBOR + 1.000% to         
05/15/2047, then 3 month LIBOR + 2.030%)  1.467  05/15/77  10,046,000  6,956,172 
Susquehanna Capital II  11.000  03/23/40  415,000  435,750 
 
Convertible Bonds 1.7%        $51,404,691 
 
(Cost $48,460,807)         
 
Consumer Discretionary 0.9%        26,424,336 
 
Automobiles 0.4%         
Ford Motor Company  4.250  11/15/16  7,510,000  10,880,113 
 
Household Durables 0.1%         
Lennar Corp. (S)  2.750  12/15/20  2,500,000  3,496,875 
 
Media 0.4%         
XM Satellite Radio, Inc. (S)  7.000  12/01/14  9,294,000  12,047,348 
 
Energy 0.1%        3,207,594 
 
Oil, Gas & Consumable Fuels 0.1%         
Chesapeake Energy Corp.  2.250  12/15/38  3,445,000  2,665,569 
Chesapeake Energy Corp.  2.500  05/15/37  660,000  542,025 

 

12 

 


Strategic Income Opportunities Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value^   
  Rate (%)  date    Value 
 
Financials 0.2%        $6,059,637 
 
Capital Markets 0.1%         
Ares Capital Corp. (S)  5.750  02/01/16  3,550,000  3,585,500 
 
Real Estate Investment Trusts 0.1%         
Dundee International (CAD) (D)  5.500  07/31/18  1,095,000  1,068,125 
Transglobe Apartment (CAD) (D)(S)  5.400  09/30/18  1,370,000  1,406,012 
 
Health Care 0.0%        796,088 
 
Health Care Equipment & Supplies 0.0%         
Teleflex, Inc.  3.875  08/01/17  690,000  796,088 
 
Industrials 0.2%        4,542,692 
 
Airlines 0.2%         
United Continental Holdings, Inc.  4.500  06/30/21  4,730,000  4,542,692 
 
Information Technology 0.3%        10,374,344 
 
Internet Software & Services 0.3%         
Equinix, Inc.  4.750  06/15/16  4,505,000  9,263,406 
 
Software 0.0%         
Electronic Arts, Inc. (S)  0.750  07/15/16  1,250,000  1,110,938 
 
Municipal Bonds 0.0%        $497,971 
(Cost $484,800)         
 
City of Long Beach (California)  7.282  11/01/30  480,000  497,971 
 
Term Loans (M) 3.7%        $109,502,546 
(Cost $111,490,325)         
 
Consumer Discretionary 1.2%        36,296,523 
 
Hotels, Restaurants & Leisure 0.6%         
Ameristar Casinos, Inc. (T)  —  04/14/18  2,965,000  2,952,369 
Caesars Entertainment Operating Company, Inc.  3.239  01/28/15  235,000  214,764 
Caesars Entertainment Operating Company, Inc.  4.489  01/26/18  6,775,000  5,768,913 
CCM Merger, Inc.  6.000  03/01/17  931,906  922,587 
Kalispel Tribal Economic Authority  7.500  02/24/17  2,203,547  2,159,476 
Landry's, Inc.  6.500  04/24/18  3,395,000  3,378,025 
Las Vegas Sands LLC  2.850  11/23/16  1,932,076  1,878,038 
 
Media 0.4%         
Clear Channel Communications, Inc.  3.889  01/28/16  5,345,189  4,161,609 
Hubbard Broadcasting, Inc.  8.750  04/30/18  400,000  400,000 
Mood Media Corp.  7.000  05/07/18  1,776,575  1,758,809 
Mood Media Corp.  10.250  11/06/18  640,000  620,800 
PRIMEDIA, Inc.  7.500  01/12/18  7,944,963  7,031,292 
 
Multiline Retail 0.1%         
Michaels Stores, Inc.  2.750  10/31/13  2,125,129  2,116,864 
 
Specialty Retail 0.1%         
Burlington Coat Factory Warehouse Corp.  5.500  02/28/17  2,945,250  2,932,977 

 

13

 


Strategic Income Opportunities Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value^   
  Rate (%)  date    Value 
 
Consumer Staples 0.1%        $1,867,077 
 
Personal Products 0.1%         
Revlon Consumer Products Corp.  4.750  11/17/17  1,881,186  1,867,077 
 
Financials 0.1%        2,622,192 
 
Real Estate Investment Trusts 0.1%         
iStar Financial, Inc.  7.000  06/30/14  1,875,000  1,869,531 
 
Real Estate Management & Development 0.0%         
Realogy Corp.  3.241  10/10/13  401,581  381,502 
Realogy Corp.  13.500  10/15/17  365,000  371,159 
 
Health Care 0.8%        24,130,891 
 
Biotechnology 0.1%         
Aptalis Pharma, Inc.  5.500  02/10/17  2,975,000  2,874,594 
 
Health Care Providers & Services 0.5%         
Catalent Pharma Solutions, Inc.  4.239  09/15/16  2,708,763  2,661,359 
Catalent Pharma Solutions, Inc.  5.250  09/15/17  5,569,913  5,500,289 
Community Health Systems, Inc.  2.573  07/25/14  1,526,563  1,496,269 
National Mentor Holdings, Inc.  7.000  02/09/17  5,714,589  5,648,871 
 
Pharmaceuticals 0.2%         
Capsugel Holdings US, Inc. (T)  —  08/01/18  3,025,000  3,023,109 
Warner Chilcott Company LLC (T)  —  03/15/18  2,950,000  2,926,400 
 
Industrials 0.6%        17,630,656 
 
Airlines 0.4%         
Delta Air Lines, Inc.  5.500  04/20/17  4,963,246  4,946,188 
US Airways Group, Inc.  2.740  03/21/14  8,222,193  7,778,194 
 
Road & Rail 0.1%         
Swift Transportation Company LLC (T)  —  12/21/17  3,025,000  3,007,984 
 
Trading Companies & Distributors 0.1%         
Travelport LLC  4.968  08/21/15  2,112,145  1,898,290 
 
Information Technology 0.3%        9,522,623 
 
Internet Software & Services 0.1%         
Emdeon Business Services LLC (T)  —  11/02/18  3,030,000  3,022,425 
 
IT Services 0.1%         
NeuStar, Inc. (T)  —  11/08/18  3,025,000  3,009,875 
 
Software 0.1%         
First Data Corp.  4.239  03/23/18  3,478,092  3,153,110 
First Data Corp.  5.239  03/24/17  356,525  337,213 
 
Materials 0.2%        4,405,500 
 
Containers & Packaging 0.2%         
Consolidated Container Company LLC  5.750  09/28/14  4,450,000  4,405,500 
 
Telecommunication Services 0.4%        13,027,084 
 
Diversified Telecommunication Services 0.4%         
Intelsat Jackson Holdings SA  3.239  02/03/14  4,000,000  3,892,000 

 

14 

 


Strategic Income Opportunities Fund
As of 5-31-12 (Unaudited)

    Maturity  Par value^   
  Rate (%)  date    Value 
 
Telecommunication Services (continued)         
Intelsat Jackson Holdings SA  5.250  04/02/18  3,455,100  $3,420,549 
Level 3 Financing, Inc.  5.750  09/03/18  3,050,000  3,025,695 
Unitek Global Services  9.000  04/16/18  2,772,000  2,688,840 
 
Collateralized Mortgage Obligations 4.7%        $139,554,954 
(Cost $137,388,767)         
 
Commercial & Residential 4.4%        129,872,797 
Adjustable Rate Mortgage Trust         
Series 2004-5, Class 2A1 (P)  2.771  04/25/35  4,274,384  4,079,472 
American Home Mortgage Assets         
-6, Class XP IO  2.343  12/25/46  11,299,156  720,876 
American Tower Trust         
Series 2007-1A, Class C (S)  5.615  04/15/37  430,000  452,233 
Banc of America Commercial Mortgage, Inc.         
Series 2006-2, Class AM (P)  5.954  05/10/45  3,215,000  3,418,333 
Series 2006-4, Class AM  5.675  07/10/46  4,490,000  4,646,239 
Bear Stearns Adjustable Rate Mortgage Trust         
Series 2004-10, Class 12A3 (P)  2.792  01/25/35  4,938,485  4,318,734 
Bear Stearns Alt-A Trust         
Series 2004-12, Class 1A1 (P)  0.589  01/25/35  2,011,920  1,756,408 
Series 2004-13, Class A1 (P)  0.979  11/25/34  4,456,839  4,208,241 
Chase Mortgage Finance Corp.         
Series 2007-A1, Class 2A1 (P)  2.854  02/25/37  3,168,546  3,158,413 
Commercial Mortgage Pass Through Certificates         
Series 2007-C9, Class A4 (P)  6.010  12/10/49  3,930,000  4,521,174 
Countrywide Alternative Loan Trust         
Series 2006-OA12, Class X IO  2.706  09/20/46  6,728,283  423,209 
Downey Savings & Loan Association Mortgage Loan Trust         
Series 2004-AR1 Class X2 IO  2.239  09/19/44  28,072,060  1,438,353 
Series 2005-AR2, Class X2 IO  2.457  03/19/45  44,946,037  2,809,127 
Greenwich Capital Commercial Funding Corp.         
Series 2006-GG7, Class AM (P)  6.071  07/10/38  5,674,000  5,815,952 
GSR Mortgage Loan Trust         
Series 2004-5, Class 2A1 (P)  3.014  05/25/34  10,365,986  9,132,175 
Series 2005-AR6, Class 3A1 (P)  2.613  09/25/35  2,962,373  2,710,737 
Harborview Mortgage Loan Trust         
Series 2004-5, Class 2A-6 (P)  2.568  06/19/34  6,852,205  6,139,966 
Series 2005-2, Class IX IO  2.182  05/19/35  18,453,186  1,037,992 
Series 2005-8, Class 1X IO  2.140  09/19/35  7,406,546  352,295 
Series 2007-3, Class ES IO  0.350  05/19/47  15,213,459  95,084 
Series 2007-4, Class ES IO  0.350  07/19/47  18,557,584  115,985 
Series 2007-6, Class ES IO (S)  0.342  08/19/37  12,808,661  80,054 
IndyMac Index Mortgage Loan Trust         
Series 2005-AR18, Class 1X IO  2.024  10/25/36  20,465,128  1,318,773 
Series 2005-AR18, Class 2X IO  1.679  10/25/36  20,985,083  981,892 
JPMorgan Chase Commercial Mortgage Securities Corp.         
Series 2005-PDP5, Class AM (P)  5.240  12/15/44  4,175,000  4,502,775 
Series 2006-LDP7, Class AM (P)  5.870  04/15/45  6,641,000  7,010,778 
Series 2007-CB18, Class A4  5.440  06/12/47  3,830,000  4,251,499 
LB-UBS Commercial Mortgage Trust         
Series 2006-C6, Class AM  5.413  09/15/39  5,120,000  5,401,564 

 

15

 


Strategic Income Opportunities Fund
As of 5-31-12 (Unaudited)

    Maturity     
  Rate (%)  date  Par Value^  Value 
 
Commercial & Residential (continued)         
Merrill Lynch Mortgage Trust         
Series 2005-LC1, Class AM (P)  5.446  01/12/44  5,425,000  $5,804,376 
Merrill Lynch/Countrywide Commercial Mortgage Trust         
Series 2006-3, Class A4 (P)  5.414  07/12/46  2,985,000  3,362,671 
MLCC Mortgage Investors, Inc.         
Series 2007-1, Class 2A1 (P)  2.753  01/25/37  12,081,439  11,637,616 
Morgan Stanley Capital I         
Series 2007-IQ13, Class A4  5.364  03/15/44  2,725,000  3,032,336 
Morgan Stanley Mortgage Loan Trust         
Series 2004-8AR, Class 4A1 (P)  2.733  10/25/34  2,128,476  1,769,485 
Series 2004-9, Class 1A (P)  5.845  11/25/34  1,467,822  1,431,280 
Structured Asset Securities Corp.         
Series 2003-7A, Class 3A6 (P)  2.719  12/25/33  2,458,421  2,268,547 
WaMu Mortgage Pass Through Certificates         
Series 2005-AR13, Class X IO  1.437  10/25/45  133,680,840  6,500,044 
Series 2005-AR6, Class X IO  1.597  04/25/45  60,236,147  3,136,779 
Wells Fargo Mortgage Backed Securities Trust         
Series 2004-Z, Class 2A1 (P)  2.615  12/25/34  4,076,761  3,996,608 
Series 2005-AR5, Class 1A1 (P)  2.591  04/25/35  2,246,436  2,034,722 
 
U.S. Government Agency 0.3%        9,682,157 
Federal Home Loan Mortgage Corp.         
Series K705, Class X1 IO  1.762  09/25/18  23,453,744  2,199,234 
Federal National Mortgage Association         
Series 398, Class C3 IO  4.500  05/25/39  2,402,213  266,074 
Series 402, Class 3 IO  4.000  11/25/39  2,214,580  266,263 
Series 402, Class 4 IO  4.000  10/25/39  3,744,447  408,093 
Series 402, Class 7 IO  4.500  11/25/39  5,064,748  609,737 
Series 406, Class 3 IO  4.000  01/25/41  11,511,741  1,382,560 
Series 407, Class 4 IO  4.500  03/25/41  16,503,201  2,121,297 
Series 407, Class 7 IO  5.000  03/25/41  9,749,861  1,712,376 
Series 407, Class 8 IO  5.000  03/25/41  4,643,272  716,523 
 
Asset Backed Securities 0.7%        $20,608,926 
(Cost $19,821,028)         
 
Asset Backed Securities 0.7%        20,608,926 
Dominos Pizza Master Issuer LLC         
Series 2012-1A, Class A2 (S)  5.216  01/25/42  13,902,669  14,483,825 
Ford Auto Securitization Trust         
Series 2010-R3A, Class A1 (CAD)(D)(S)  1.926  06/15/13  225,065  217,957 
Sonic Capital LLC         
Series 2011-1A, Class A2 (S)  5.438  05/20/41  5,650,250  5,907,144 
      Shares  Value 
 
Preferred Securities 4.3%        $128,944,003 
(Cost $137,332,690)         
 
Consumer Discretionary 0.3%        9,934,308 
 
Automobiles 0.2%         
General Motors Company, Series B, 4.750%      159,653  5,862,458 
 
Hotels, Restaurants & Leisure 0.1%         
Greektown Superholdings, Inc. (I)      55,025  4,071,850 

 

16

 


Strategic Income Opportunities Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Financials 3.6%    $105,711,099 
 
Commercial Banks 2.1%     
Citizens Funding Trust I, 7.500%  43,000  1,118,430 
First Niagara Financial Group, Inc., 8.625%  173,250  4,724,528 
First Tennessee Bank NA, 3.750% (S)  4,237  2,865,271 
HSBC USA, Inc., 6.500%  211,925  5,423,161 
SunTrust Capital IX, 7.875%  303,500  7,684,620 
U.S. Bancorp (6.500% to 01/15/2022, then 3 month LIBOR +     
4.468%)  371,750  9,940,595 
Wells Fargo & Company, Series L, 7.500%  6,150  6,820,289 
Wintrust Financial Corp., 5.000%  855  851,289 
Zions Bancorporation, 7.900%  295,750  7,772,310 
Zions Bancorporation, Series C, 9.500%  564,800  14,571,840 
Zions Bancorporation, Series E, 11.000%  41,975  1,048,955 
 
Diversified Financial Services 0.7%     
Citigroup Capital VIII, 6.950%  19,775  495,759 
Citigroup Capital XV, 6.500%  107,150  2,618,746 
Citigroup Capital XVI, 6.450%  158,425  3,827,548 
Citigroup, Inc., 7.500%  131,480  11,054,838 
GMAC Capital Trust I (8.125% to 02/15/2016, then 3 month LIBOR     
+ 5.785%)  108,375  2,483,955 
 
Insurance 0.6%     
Hartford Financial Services Group, Inc., 7.875%  332,100  8,624,637 
MetLife, Inc., 5.000%  167,289  9,813,173 
 
Real Estate Investment Trusts 0.2%     
FelCor Lodging Trust, Inc., Series A, 1.950%  153,623  3,971,155 
 
Utilities 0.4%    13,298,596 
 
Electric Utilities 0.4%     
PPL Corp., 8.750%  253,790  13,298,596 
 
Common Stocks 4.1%    $122,838,022 
(Cost $116,833,774)     
 
Consumer Discretionary 0.0%    160,691 
 
Hotels, Restaurants & Leisure 0.0%     
Greektown Superholdings, Inc. (I)  3,048  160,691 
 
Media 0.0%     
Vertis Holdings, Inc. (I)  110,794  0 
 
Financials 1.3%    39,215,015 
 
Capital Markets 0.3%     
Apollo Investment Corp.  96,420  717,365 
Ares Capital Corp.  447,145  6,747,418 
 
Commercial Banks 0.3%     
M&T Bank Corp.  83,985  6,829,660 
Talmer Bancorp, Inc. (I)(R)(S)  407,121  2,911,922 
 
Real Estate Investment Trusts 0.7%     
Dundee International  55,606  527,069 
MFA Financial, Inc.  883,495  6,732,232 
Plum Creek Timber Company, Inc.  103,874  3,791,401 
Public Storage  52,930  7,064,567 
Weyerhaeuser Company  195,549  3,893,381 

 

17 

 


Strategic Income Opportunities Fund

As of 5-31-12 (Unaudited)

  Shares  Value 
 
Telecommunication Services 0.5%    $15,795,435 
 
Diversified Telecommunication Services 0.5%     
AT&T, Inc.  232,001  7,927,474 
Verizon Communications, Inc.  188,952  7,867,961 
 
Utilities 2.3%    67,666,881 
 
Electric Utilities 1.0%     
Entergy Corp.  107,260  6,921,488 
FirstEnergy Corp.  166,901  7,809,298 
Northeast Utilities  205,316  7,393,429 
Progress Energy, Inc.  140,671  7,711,584 
 
Multi-Utilities 1.3%     
Alliant Energy Corp.  168,368  7,355,998 
Consolidated Edison, Inc.  127,038  7,668,014 
DTE Energy Company  133,608  7,592,943 
OGE Energy Corp.  137,950  7,344,458 
Xcel Energy, Inc.  280,859  7,869,669 

 

    Maturity  Par value^   
  Rate (%)  date    Value 
Escrow Certificates 0.0%        $28,088 
(Cost $124)         
 
Consumer Discretionary 0.0%        7,050 
Lear Corp., Series B (I)  8.750  12/01/16  940,000  7,050 
SuperMedia, Inc. (I)  8.000  11/15/16  2,015,000  0 
 
Materials 0.0%        21,038 
Smurfit-Stone Container Corp. (I)  8.000  03/15/17  935,000  21,038 

 

  Number of   
  Contracts/   
  Notional  Value 
 
Purchased Options 0.0%    $1,222,128 
(Cost $2,527,922)     
 
Call Options 0.0%    1,222,128 
Over the Counter Call EUR vs. CHF (Expiration Date: 6-1-12; Strike Price: EUR     
1.225; Counterparty: Goldman Sachs Capital Markets LP) (I)  79,700,000  1,774 
Over the Counter Call USD vs. JPY (Expiration Date: 1-24-13; Strike Price: $86;     
Counterparty: Morgan Stanley Company, Inc.) (I)  78,000,000  652,470 
Over the Counter Call USD vs. JPY (Expiration Date: 4-19-13; Strike Price: $90;     
Counterparty: State Street Global Markets) (I)  77,400,000  567,884 
 
Short-Term Investments 1.7%    $50,020,316 
(Cost $50,020,316)     

 

    Maturity  Par value^   
  Yield* (%)  date    Value 
U.S. Government Agency 1.7%        $50,000,000 
Federal Home Loan Bank Discount Note  0.010  06/01/12  50,000,000  50,000,000 

 

18 

 


Strategic Income Opportunities Fund
As of 5-31-12 (Unaudited)

  Par value^  Value 
Repurchase Agreement 0.0%    $20,316 
Repurchase Agreement with State Street Corp. dated 5-31-12 at     
0.010% to be repurchased at $20,316 on 6-1-12, collateralized by     
$16,800 U.S. Treasury Notes, 3.750% due 8-15-41 (valued at     
$20,606, including interest)  20,316  20,316 
Total investments (Cost $2,887,936,408)† 97.0%    $2,886,948,113 
   
Other assets and liabilities, net 3.0%    $88,484,875 
 
Total net assets 100.0%    $2,975,432,988 
 

 

^The percentage shown for each investment category is the total value of that 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  MXN  Mexican Peso 
BRL  Brazilian Real  MYR  Malaysian Ringgit 
CAD  Canadian Dollar  NOK  Norwegian Krone 
CHF  Swiss Franc  NZD  New Zealand Dollar 
EUR  Euro  PHP  Philippines Peso 
IDR  Indonesian Rupiah  SEK  Swedish Krona 
INR  Indian Rupee  SGD  Singapore Dollar 
JPY  Japanese Yen  USD  United States Dollar 
KRW  Korean Won     

 

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

PIK Payment-in-kind

PO Principal Only Security – Principal Tranche of Stripped Security. Rate shown is the annualized yield on date of purchase.

(D) Par value of foreign bonds is expressed in local currency as shown parenthetically in security description.

(H) Non-income producing - Issuer is in default.

(I) Non-income producing security.

(M) Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.

(P) Variable rate obligation. The coupon rate shown represents the rate at period end.

(Q) Perpetual bonds have no stated maturity date. Date shown is next call date.

(R) Direct placement securities are restricted to resale and the Fund has limited rights to registration under the Securities Act of 1933.

          Value as a   
  Original    Beginning  Ending  percentage   
  Acquisition  Acquisition  share  share  of Fund's  Value as of 
Issuer, description  date  cost  amount  amount  net assets  5-31-12 
Talmer Bancorp, Inc.  4-30-10  $2,512,514  372,222  407,121  0.1%  $2,911,922 

 

(S) 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 $497,566,214 or 16.7% of the Fund's net assets as of 5-31-12.

19 

 


Strategic Income Opportunities Fund

As of 5-31-12 (Unaudited)

(T) A portion of this position represents unsettled loan commitment at period end where the coupon rate will be determined at time of settlement.

* Yield represents the annualized yield at the date of purchase.

† At 5-31-12, the aggregate cost of investment securities for federal income tax purposes was $2,898,065,398.

Net unrealized depreciation aggregated $11,117,285, of which $93,379,139 related to appreciated investment securities and $104,496,424 related to depreciated investment securities.

The Fund had the following country concentration as a percentage of net assets on 5-31-12.
United States  56.4% 
Singapore  4.4% 
Canada  4.4% 
South Korea  3.7% 
Philippines  3.6% 
Australia  3.3% 
New Zealand  3.2% 
Indonesia  3.0% 
Cayman Islands  2.0% 
Germany  2.0% 
Other Countries  14.0% 

 

20 

 


John Hancock Strategic Income Opportunities Fund
As of 5-31-12 (Unaudited)

Notes to the Portfolio of Investments

Security valuation. Investments are stated at value as of the close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In order to value the securities, the Fund uses the following valuation techniques. Equity securities held by the Fund are valued at the last sale price or official closing price on the principal securities exchange on which they trade. In the event there were no sales during the day or closing prices are not available, then securities are valued using the last quoted bid or evaluated price. Debt obligations are valued based on the evaluated prices provided by an independent pricing service, which utilizes both dealer-supplied and electronic data processing techniques, taking 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. Options are traded either over-the-counter or on an exchange. Options listed on an exchange are valued at the mean between the last bid and ask prices from the exchange on which they are principally traded. For options not listed on an exchange, an independent pricing source is used to value the options at the mean between the last bid and ask prices. Futures contracts are valued at the quoted daily settlement prices established by the exchange on which they trade. Foreign securities, including forward foreign currency contracts, are valued in U.S. dollars, based on foreign currency exchange rates supplied by an independent pricing service. Certain securities and forward foreign currency contracts traded only in the over-the-counter market are valued at the last bid price quoted by brokers making markets in the securities at the close of trading. Certain short-term securities are valued at amortized cost.

Other portfolio securities and assets, where 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. Generally, trading in non-U.S. securities is substantially completed each day at various times prior to the close of trading on the NYSE. Significant market events that affect the values of non-U.S. securities may occur between the times when the valuation of the securities is generally determined and the close of the NYSE. During significant market events, these securities will be valued at fair value, as determined in good faith, following procedures established by the Board of Trustees. The Fund may use a fair valuation model to value non-U.S. securities in order to adjust for events which may occur between the close of foreign exchanges and the close of the NYSE.

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. Level 2 includes securities valued using 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, 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.

21  

 


The following is a summary of the values by input classification of the Fund’s investments as of May 31, 2012, by major security category or type:

      Level 2  Level 3 
  Total Market    Significant  Significant 
  Value at  Level 1 Quoted  Observable  Unobservable 
  5-31-12  Price  Inputs  Inputs 
 
Corporate Bonds  $1,263,431,478  —  $1,247,299,933  $16,131,545 
U.S. Government & Agency Obligations  47,143,256  —  47,143,256  — 
Foreign Government Obligations  852,432,411  —  852,432,411  — 
Capital Preferred Securities  99,319,323  —  99,319,323  — 
Convertible Bonds  51,404,691  —  51,404,691  — 
Municipal Bonds  497,971  —  497,971  — 
Term Loans  109,502,546  —  109,502,546  — 
Collateralized Mortgage Obligations  139,554,954  —  139,263,831  291,123 
Asset Backed Securities  20,608,926  —  20,608,926  — 
Preferred Securities  128,944,003  $121,155,593  3,716,560  4,071,850 
Common Stocks  122,838,022  119,765,409  —  3,072,613 
Escrow Certificates  28,088  —  21,038  7,050 
Purchased Options  1,222,128  —  1,222,128  — 
Short-Term Investments  50,020,316  —  50,020,316  — 
 
Total investments in Securities  $2,886,948,113  $240,921,002  $2,622,452,930  $23,574,181 
Other Financial Instruments:         
Futures  ($1,737,595)  ($1,737,595)  —  — 
Forward Foreign Currency Contracts  $13,714,205  —  $13,714,205  — 

 

Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy.

Repurchase agreements. The Fund may enter into repurchase agreements. When the Fund enters into a repurchase agreement, it receives collateral which is held in a segregated account by the Fund’s custodian. The collateral amount is marked-to-market and monitored on a daily basis to ensure that the collateral held is in an amount not less than the principal amount of the repurchase agreement plus any accrued interest. In the event of a default by the counterparty, realization of the collateral proceeds could be delayed, during which time the collateral value may decline.

Term loans (Floating rate loans). The Fund may invest in term loans, which often include debt securities that are rated below investment grade at the time of purchase. Term loans are generally subject to legal or contractual restrictions on resale. The liquidity of term loans, including the volume and frequency of secondary market trading in such loans, varies significantly over time and among individual loans. During periods of infrequent trading, valuing a term loan can be more difficult and buying and selling a term loan at an acceptable price can be more difficult and delayed, which could result in a loss.

The Fund’s ability to receive payments of principal, interest and other amounts in connection with term loans will depend primarily on the financial condition of the borrower. The Fund’s failure to receive scheduled payments on a term loan due to a default, bankruptcy or other reason would adversely affect the Fund’s income and would likely reduce the value of its assets. Because many term loans are not rated by independent credit rating agencies, a decision to invest in a particular loan could depend exclusively on the subadviser’s credit analysis of the borrower and/or term loan agents. The Fund may have limited rights to enforce the terms of an underlying loan.

Stripped securities. Stripped mortgage-backed securities are financial instruments structured to separate principal and interest cash flows so that one class receives only principal payments from the underlying mortgage assets (PO or principal only), while the other class receives the interest cash flows (IO or interest only). Both PO and IO investments represent an interest in the cash flows of an underlying stripped mortgage-backed security. If the underlying mortgage assets experience greater than anticipated prepayments of principal, the Fund may fail to fully recover its initial investment in an IO security. The market value of these securities can be extremely volatile in response to changes in interest rates. In

22 

 


addition, these securities present additional credit risk such that the Fund may not receive all or part of its principal or interest payments because the borrower or issuer has defaulted on its obligation.

Futures. A futures contract is a contractual agreement to buy or sell a particular commodity, currency or financial instrument at a pre-determined price in the future. Risks related to the use of futures contracts include possible illiquidity of the futures markets and contract prices that can be highly volatile and imperfectly correlated to movements in hedged security values and/or interest rates. During the period ended May 31, 2012, the Fund used futures contracts to manage against anticipated interest rate changes and manage duration. The following table summarizes the contracts held at May 31, 2012. During the period ended May 31, 2012, the Fund held futures contracts with USD notional values ranging up to $184.0 million, as measured at each quarter end.

          UNREALIZED 
  NUMBER OF    EXPIRATION  NOTIONAL  APPRECIATION 
OPEN CONTRACTS  CONTRACTS  POSITION  DATE  VALUE  (DEPRECIATION) 
10-Year U.S. Treasury Note Futures 1,254  Short  Sep 2012  ($167,957,625)  ($1,737,595) 

 

Forward foreign currency contracts. A forward foreign currency contract is an agreement between two parties to buy and sell a specific currency at a price that is set on the date of the contract. The forward contract calls for delivery of the currency on a future date that is specified in the contract. Risks related to the use of forwards include the possible failure of counterparties to meet the terms of the forward agreement, the failure of the counterparties to timely post collateral and the risk that currency movements will not occur thereby reducing the Fund’s total return.

The market value of a forward foreign currency contract fluctuates with changes in foreign currency exchange rates. Forward foreign currency contracts are marked-to-market daily and the change in value is recorded by the Fund as an unrealized gain or loss. Realized gains or losses, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed, are recorded upon delivery or receipt of the currency or settlement with the counterparty.

During the period ended May 31, 2012, the Fund used forward foreign currency contracts to manage against anticipated currency exchange rate changes and gain exposure to foreign currencies. The following table summarizes the contracts held at May 31, 2012. During the period ended May 31, 2012, the Fund held forward foreign currency contracts with USD values ranging from $4.6 billion to $12.0 billion, as measured at each quarter end.

23 

 


  PRINCIPAL    PRINCIPAL        
  AMOUNT   AMOUNT       UNREALIZED  
  COVERED BY   COVERED BY     SETTLEMENT   APPRECIATION/  
CURRENCY   CONTRACT  CONTRACT (USD)   COUNTERPARTY   DATE   (DEPRECIATION)  
 
BUYS                      
               
Australian Dollar   21,775,000    $21,702,059   Citibank NA   6/18/2012                  ($518,617)  
               
Australian Dollar   38,790,000    40,049,705   Royal Bank of Scotland PLC   6/18/2012              (2,313,507)  
               
Australian Dollar   173,002,500    174,069,388   UBS AG   6/18/2012              (5,766,821)  
               
Canadian Dollar   20,040,000    19,402,624   Bank of Montreal   6/18/2012                      (7,083)  
               
Canadian Dollar   28,000,000    28,199,513   Canadian Imperial Bank of Commerce   6/18/2012              (1,099,955)  
               
Canadian Dollar   65,481,780    65,401,053   Citibank NA   6/18/2012              (2,025,078)  
               
Canadian Dollar   209,615,684    212,425,000   Royal Bank of Canada   6/18/2012              (9,550,273)  
               
Canadian Dollar   63,695,758    64,002,973   Royal Bank of Scotland PLC   6/18/2012              (2,355,584)  
               
Canadian Dollar   39,970,000    40,694,425   State Street Bank and Trust Company   6/18/2012              (2,009,807)  
               
Canadian Dollar   19,476,774    19,620,000   Toronto Dominion Bank   6/18/2012                  (769,573)  
               
Canadian Dollar   71,254,084    72,061,512   UBS AG   6/18/2012              (3,098,863)  
               
Euro    167,345,745    220,569,503   Bank of Montreal   6/18/2012            (13,634,314)  
               
Euro    19,885,000    24,834,078   Canadian Imperial Bank of Commerce   6/18/2012                  (244,829)  
               
Euro    99,285,000    126,229,080   State Street Bank and Trust Company   6/18/2012              (3,455,953)  
               
Japanese Yen   2,305,213,694    28,361,611   Canadian Imperial Bank of Commerce   6/18/2012                1,060,873  
               
Japanese Yen   3,458,566,800    43,070,570   Citibank NA   6/18/2012                1,072,681  
               
Japanese Yen   3,185,309,225    39,667,612   State Street Bank and Trust Company   6/18/2012                    987,930  
               
Japanese Yen   1,592,648,750    19,250,000   Toronto Dominion Bank   6/18/2012                1,077,696  
               
Japanese Yen   3,292,787,520    40,504,183   UBS AG   6/18/2012                1,523,153  
               
Mexican Peso   820,897,545    63,725,000   Bank of Nova Scotia   6/18/2012              (6,609,010)  
               
Mexican Peso   210,107,265    15,945,000   State Street Bank and Trust Company   6/18/2012              (1,326,264)  
               
New Zealand Dollar   49,929,954    40,717,863   Bank of Nova Scotia   6/18/2012              (3,123,794)  
               
New Zealand Dollar   221,693,373    180,663,593   UBS AG   6/18/2012            (13,742,631)  
               
Pound Sterling   32,913,819    52,209,545   Bank of Montreal   6/18/2012              (1,485,792)  
               
Pound Sterling   39,915,000    64,414,876   Royal Bank of Scotland PLC   6/18/2012              (2,901,545)  

 

24  

 


  PRINCIPAL    PRINCIPAL        
  AMOUNT   AMOUNT       UNREALIZED  
  COVERED BY   COVERED BY     SETTLEMENT   APPRECIATION/  
CURRENCY   CONTRACT     CONTRACT (USD)   COUNTERPARTY   DATE   (DEPRECIATION)  
 
BUYS (Continued)                      
               
Pound Sterling   19,700,000    $31,339,734   UBS AG   6/18/2012                  ($979,904)  
               
Singapore Dollar   99,609,103    79,210,000   Citibank NA   6/18/2012              (1,907,582)  
               
Singapore Dollar   354,314,799    282,865,000   HSBC Bank USA   6/18/2012              (7,896,248)  
             
TOTAL       $2,111,205,500                    ($81,100,694)  
 
SELLS                      
               
Australian Dollar   155,740,689    $161,908,020   Bank of Montreal   6/18/2012              $10,398,315  
               
Australian Dollar   39,475,000    40,717,863   Bank of Nova Scotia   6/18/2012                2,315,274  
               
Australian Dollar   21,775,000    21,894,559   Citibank NA   6/18/2012                    711,117  
               
Australian Dollar   38,790,000    39,966,985   Royal Bank of Scotland PLC   6/18/2012                2,230,788  
               
Australian Dollar   181,180,000    187,041,217   UBS AG   6/18/2012              10,783,306  
               
Canadian Dollar   36,811,645    37,040,183   Bank of Nova Scotia   6/18/2012                1,412,351  
               
Canadian Dollar   48,104,977    48,281,611   Canadian Imperial Bank of Commerce   6/18/2012                1,723,625  
               
Canadian Dollar   65,336,323    64,772,630   Citibank NA   6/18/2012                1,537,434  
               
Canadian Dollar   3,155,084    3,188,080   HSBC Bank USA   6/18/2012                    134,460  
               
Canadian Dollar   219,666,409    218,100,000   Royal Bank of Canada   6/18/2012                5,497,766  
               
Canadian Dollar   63,437,708    64,414,876   Royal Bank of Scotland PLC   6/18/2012                3,017,239  
               
Canadian Dollar   5,485,252    5,570,000   Standard Chartered Bank   6/18/2012                    261,146  
               
Canadian Dollar   39,970,000    39,667,612   State Street Bank and Trust Company   6/18/2012                    982,993  
               
Canadian Dollar   71,597,947    71,843,916   UBS AG   6/18/2012                2,548,462  
               
Euro    79,940,000    105,689,502   Bank of Montreal   6/18/2012                6,837,876  
               
Euro   19,885,000    24,911,928   Canadian Imperial Bank of Commerce   6/18/2012                    322,679  
               
Euro    99,285,000    127,117,873   State Street Bank and Trust Company   6/18/2012                4,344,747  
               
Japanese Yen   3,126,134,070    38,797,624   Bank of Montreal   6/18/2012              (1,102,639)  
               
Japanese Yen   2,288,901,720    28,199,513   Canadian Imperial Bank of Commerce   6/18/2012              (1,014,774)  
               
Japanese Yen   3,479,427,250    43,506,494   Citibank NA   6/18/2012                  (903,009)  
               
Japanese Yen   3,273,303,180    40,694,426   State Street Bank and Trust Company   6/18/2012              (1,084,223)  

 

25  

 


  PRINCIPAL    PRINCIPAL        
  AMOUNT   AMOUNT       UNREALIZED  
  COVERED BY   COVERED BY     SETTLEMENT   APPRECIATION/  
CURRENCY   CONTRACT   CONTRACT (USD)   COUNTERPARTY   DATE   (DEPRECIATION)  
 
SELLS (Continued)                      
               
Japanese Yen   3,183,496,580    $38,700,398   Toronto Dominion Bank   6/18/2012              ($1,932,008)  
               
Japanese Yen   4,891,181,010    59,624,711   UBS AG   6/18/2012              (2,803,643)  
               
New Zealand Dollar   410,280,065    327,347,223   UBS AG   6/18/2012              18,432,517  
               
Norwegian Krone   272,014,352    47,075,967   Citibank NA   6/18/2012                2,615,520  
               
Pound Sterling   32,831,910    52,115,839   Bank of Montreal   6/18/2012                1,518,315  
               
Pound Sterling   39,915,000    64,002,973   Royal Bank of Scotland PLC   6/18/2012                2,489,642  
               
Pound Sterling   19,700,000    31,831,801   UBS AG   6/18/2012                1,471,971  
               
Singapore Dollar   146,048,513    116,740,000   HSBC Bank USA   6/18/2012                3,397,917  
               
Singapore Dollar   362,766,174    287,240,574   State Street Bank and Trust Company   6/18/2012                5,713,067  
               
Swedish Krona   318,136,613    47,065,458   Bank of Nova Scotia   6/18/2012                3,295,670  
               
Swiss Franc   141,949,705    155,832,854   UBS AG   6/18/2012                9,660,998  
             
 TOTAL       $2,640,902,710                      $94,814,899  

 

Options. There are two types of options, a put option and a call option. A call option gives the purchaser of the option the right to buy (and the seller the obligation to sell) the underlying instrument at the exercise price. A put option gives the purchaser of the option the right to sell (and the writer the obligation to buy) the underlying instrument at the exercise price. Writing puts and buying calls may increase the Fund’s exposure to changes in the value of the underlying instrument. Buying puts and writing calls may decrease the Fund’s exposure to such changes. Risks related to the use of options include the loss of the premium, possible illiquidity of the options markets, trading restrictions imposed by an exchange and movements in underlying security values.

When the Fund purchases an option, the premium paid by the Fund is included in the Portfolio of investments and subsequently “marked-to-market” to reflect current market value.

During the period ended May 31, 2012, the Fund used purchased options to manage against anticipated currency exchange rate changes. During the period ended May 31, 2012, the Fund held purchased options with market values ranging from $84,600 to $3.8 million, as measured at each quarter end.

26  

 


Fair value of derivative instruments by risk category

The table below summarizes the fair value of derivatives held by the Fund at May 31, 2012 by risk category:

  FINANCIAL  ASSET  LIABILITY 
  INSTRUMENTS  DERIVATIVES  DERIVATIVES 
RISK  LOCATION  FAIR VALUE  FAIR VALUE 
Interest rate contracts  Futures  -  ($1,737,595) 
 
Foreign exchange contracts  Forward foreign  $109,377,528  (95,663,323) 
  currency     
  contracts     
 
Foreign exchange contracts  Purchased  1,222,128  - 
  options     

 

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

27  

 






Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Common Stocks 96.7%    $1,913,719,120 
(Cost $1,929,442,562)     
 
Brazil 11.8%    233,230,589 
AES Tiete SA  18,055  219,236 
Aliansce Shopping Centers SA  30,930  268,376 
All America Latina Logistica SA  189,770  788,493 
Amil Participacoes SA  73,447  691,917 
Anhanguera Educacional Participacoes SA  119,530  1,416,450 
Arezzo Industria E Comercio SA  24,191  353,836 
Autometal SA  4,062  27,995 
B2W Companhia Global Do Varejo (I)  22,600  67,906 
Banco Alfa de Investimento SA  10,300  24,769 
Banco Bradesco SA  187,744  2,321,608 
Banco Bradesco SA, ADR (L)  550,552  8,060,081 
Banco do Brasil SA  285,365  2,829,809 
Banco Santander Brasil SA, ADR (L)  773,908  6,152,569 
Bematech SA  66,175  127,635 
BHG SA - Brazil Hospitality Group (I)  1,580  15,120 
BM&F Bovespa SA  1,969,328  9,324,978 
BR Malls Participacoes SA  1,101,419  12,123,609 
Brasil Brokers Participacoes SA  150,643  445,913 
Braskem SA, ADR (L)  50,629  567,045 
BRF - Brasil Foods SA, ADR (L)  923,550  14,379,674 
Brookfield Incorporacoes SA  379,400  667,809 
Camargo Correa Desenvolvimento Imobiliario SA (I)  76,984  174,821 
CCR SA  384,456  2,992,766 
CCX Carvao Da Colombia SA  68,000  200,273 
Centrais Eletricas Brasileiras SA  13,500  88,824 
Centrais Eletricas Brasileiras SA, ADR, B Shares  35,300  316,994 
Centrais Eletricas Brasileiras SA, ADR, Ordinary Shares  47,167  309,416 
CETIP SA - Mercados Organizados  105,534  1,522,691 
Cia Brasileira de Distribuicao Grupo Pao de Acucar, ADR (L)  66,328  2,541,700 
Cia de Saneamento Basico do Estado de Sao Paulo  5,400  190,125 
Cia de Saneamento de Minas Gerais  17,100  364,578 
Cia Energetica de Minas Gerais  16,287  238,468 
Cia Energetica de Minas Gerais, ADR  98,326  1,694,157 
Cia Hering  75,600  1,570,588 
Cia Paranaense de Energia, ADR (L)  34,777  706,669 
Cia Providencia Industria e Comercio SA  39,800  132,216 
Cielo SA  126,882  3,428,648 
Companhia de Bebidas das Americas, ADR (L)  114,926  4,407,412 
Companhia de Saneamento Basico de Estado de Sao Paulo, ADR (L)  19,370  1,350,670 
Companhia Siderurgica Nacional SA  136,900  881,737 
Companhia Siderurgica Nacional SA, ADR (L)  259,126  1,679,136 
Contax Participacoes SA  1,400  18,388 
Cosan SA Industria e Comercio  265,400  3,942,477 
CPFL Energia SA  8,500  104,014 
CPFL Energia SA, ADR  21,800  529,740 
CR2 Empreendimentos Imobiliarios SA  28,800  69,971 
Cremer SA  650  5,769 
CSU Cardsystem SA  4,000  7,140 
Cyrela Brazil Realty SA  207,128  1,552,805 
Diagnosticos da America SA  269,326  1,889,562 
Direcional Engenharia SA  5,225  24,482 
Duratex SA  230,285  1,102,984 
Ecorodovias Infraestrutura e Logistica SA  53,133  425,201 

 

1 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Brazil (continued)     
EDP - Energias do Brasil SA  86,047  $550,366 
Embraer SA, ADR (L)  175,929  4,961,198 
Empresa Brasileira de Aeronautica SA  32,692  232,605 
Equatorial Energia SA  18,900  137,754 
Estacio Participacoes SA  33,474  419,908 
Eternit SA  60,299  297,481 
Even Construtora e Incorporadora SA  241,500  795,081 
EZ Tec Empreendimentos e Participacoes SA  107,600  1,067,010 
Fertilizantes Heringer SA (I)  38,800  244,322 
Fibria Celulose SA, ADR (I)(L)  248,951  1,623,161 
Fleury SA  33,900  405,755 
Forjas Taurus SA  7,413  7,572 
Gafisa SA (I)  521,522  672,314 
Gafisa SA, ADR (I)(L)  74,154  184,643 
General Shopping Brasil SA (I)  61,820  291,805 
Gerdau SA  103,043  696,371 
Gerdau SA, ADR (L)  894,088  7,108,000 
Grendene SA  240,600  1,227,545 
Guararapes Confeccoes SA  2,700  124,555 
Helbor Empreendimentos SA  145,200  586,747 
Hypermarcas SA (I)  73,100  399,778 
IdeiasNet SA  28,300  31,431 
Iguatemi Empresa de Shopping Centers SA  73,200  1,405,312 
Industrias Romi SA  94,500  294,719 
Inepar SA Industria E Construcoes (I)  12,100  13,199 
International Meal Company Holdings SA  5,800  48,284 
Iochpe-Maxion SA  114,876  1,429,649 
Itau Unibanco Holding SA  92,522  1,189,067 
Itau Unibanco Holding SA, ADR (L)  627,657  9,082,197 
JBS SA (I)  799,579  2,160,649 
JHSF Participacoes SA  335,500  996,428 
Joao Fortes Engenharia SA  500  1,773 
JSL SA  17,700  73,982 
Kroton Educacional SA (I)  10,403  16,764 
Kroton Educacional SA, Preference Shares (I)  115,459  1,711,691 
Light SA  22,893  269,016 
Localiza Rent a Car SA  108,848  1,727,018 
Log-in Logistica Intermodal SA (I)  65,400  246,444 
Lojas Americanas SA  72,620  393,193 
Lojas Renner SA (I)  72,550  2,091,768 
LPS Brasil Consultoria de Imoveis SA  23,300  425,138 
Lupatech SA (I)  3,800  6,594 
M Dias Branco SA  24,729  683,562 
Magnesita Refratarios SA  282,565  882,643 
Mahle-Metal Leve SA Industria E Comercio  37,300  392,077 
Marcopolo SA  8,000  33,319 
Marfrig Frigorificos e Comercio de Alimentos SA (I)  200,293  903,719 
Marisa Lojas SA  48,673  567,130 
Metalfrio Solutions SA (I)  16,800  32,986 
Mills Estruturas E Servicos De Engenharia SA  79,217  972,120 
Minerva SA  60,400  231,795 
MMX Mineracao e Metalicos SA (I)  286,400  900,303 
MPX Energia SA (I)  68,000  1,168,257 
MRV Engenharia e Participacoes SA  333,700  1,432,849 
Multiplan Empreendimentos Imobiliarios SA  47,700  1,132,871 
Multiplus SA  32,097  736,838 
Natura Cosmeticos SA  92,600  1,988,041 

 

2 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Brazil (continued)     
Obrascon Huarte Lain Brasil SA  138,900  $1,122,577 
Odontoprev SA  258,870  1,386,219 
Oi SA  18,836  88,724 
Oi SA, ADR (L)  12,204  57,725 
Oi SA, ADR  58,481  704,111 
OSX Brasil SA (I)  17,500  117,572 
Paranapanema SA (I)  275,500  304,616 
PDG Realty SA Empreendimentos e Participacoes  243,884  406,302 
Perdigao SA  18,975  295,325 
Petroleo Brasileiro SA  97,783  959,964 
Petroleo Brasileiro SA, ADR  671,572  13,135,948 
Petroleo Brasileiro SA, Class A, ADR (L)  837,292  15,824,819 
Plascar Participacoes Industriais SA  13,400  5,847 
Porto Seguro SA  186,076  1,650,544 
Positivo Informatica SA (I)  26,000  76,317 
Profarma Distribuidora de Produtos Farmaceuticos SA  42,000  208,246 
QGEP Participacoes SA  36,700  179,783 
Raia Drogasil SA  124,576  1,151,966 
Redecard SA  152,200  2,339,391 
Refinaria De Petroleos De Manguinhos SA (I)  40,000  18,841 
Restoque Comercio e Confeccoes de Roupas SA  82,096  471,365 
Rodobens Negocios Imobiliarios SA  59,200  315,835 
Rossi Residencial SA  121,400  317,818 
Santos Brasil Participacoes SA  50,308  748,315 
Sao Carlos Empreendimentos e Participacoes SA  79,700  1,294,184 
Sao Martinho SA  66,300  657,461 
SLC Agricola SA  49,500  477,120 
Souza Cruz SA  161,600  2,163,374 
Springs Global Participacoes SA (I)  137,067  197,087 
Sul America SA  274,382  1,908,709 
T4F Entretenimento SA  6,100  46,668 
Tecnisa SA  41,600  157,997 
Tegma Gestao Logistica  25,278  369,735 
Telefonica Brasil SA  4,502  98,083 
Telefonica Brasil SA, ADR  56,900  1,343,978 
Tempo Participacoes SA (I)  16,496  35,088 
Tereos Internacional SA  9,500  13,142 
Tim Participacoes SA  47,400  229,144 
TIM Participacoes SA, ADR (L)  34,471  842,816 
Totvs SA  115,099  2,083,007 
TPI - Triunfo Participacoes e Investimentos SA  75,690  343,389 
Tractebel Energia SA  34,700  575,509 
Trisul SA (I)  30,607  39,457 
Ultrapar Participacoes SA, ADR (L)  190,080  3,881,434 
Usinas Siderurgicas de Minas Gerais SA  215,544  980,013 
Vale Fertilizantes SA  14,800  275,842 
Vale SA, ADR, Ordinary A Shares (L)  418,223  7,657,663 
Vale SA, ADR, Preference A Shares (L)  530,973  9,621,231 
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA  68,885  944,379 
Vanguarda Agro SA (I)  1,152,700  211,468 
Viver Incorporadora e Construtora SA (I)  246,617  232,329 
Weg SA  156,700  1,616,065 
 
Chile 2.0%    39,371,353 
Aes Gener SA (I)  502,013  278,734 
Aguas Andinas SA  403,451  234,141 
Almendral SA  338,217  44,494 

 

3 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Chile (continued)     
Banco de Chile  3,809,312  $529,133 
Banco de Chile, ADR (L)  5,373  442,144 
Banco de Credito e Inversiones  17,939  1,075,854 
Banco Santander Chile  6,297,050  456,838 
Banco Santander Chile SA, ADR (L)  20,018  1,490,140 
Besalco SA  274,576  488,702 
CAP SA  44,286  1,563,675 
Cementos Bio-Bio SA (I)  2,795  3,785 
Centros Comerciales Sudamericanos SA  417,020  2,258,959 
Cia Cervecerias Unidas SA  15,538  201,402 
Cia Cervecerias Unidas SA, ADR  8,617  559,846 
Cia General de Electricidad  330,742  1,503,664 
Cintac SA  78,352  37,895 
Colbun SA (I)  1,091,947  295,749 
Companhia Sudamericana de Vapores SA (I)  8,532,311  871,719 
CorpBanca SA  37,456,415  456,520 
CorpBanca SA, ADR (L)  13,087  243,026 
Cristalerias de Chile SA  62,943  467,841 
Embotelladora Andina SA, ADR, Series A  300  7,590 
Embotelladora Andina SA, ADR, Series B  1,594  49,892 
Empresa Electrica del Norte Grande SA  138,110  319,825 
Empresa Nacional de Electricidad SA  1,185,047  1,831,791 
Empresa Nacional de Electricidad SA, ADR (L)  18,202  862,047 
Empresa Nacional de Telecomunicaciones SA  70,975  1,261,869 
Empresas CMPC SA  668,839  2,484,370 
Empresas Copec SA  299,947  4,061,383 
Empresas Iansa SA  4,708,478  332,481 
Empresas La Polar SA (I)  316,714  232,833 
Enersis SA, ADR  169,382  2,913,370 
Forus SA  1,477  5,686 
Gasco SA  221,878  1,416,517 
Grupo Security SA  593,749  203,315 
Inversiones Aguas Metropolitanas SA  898,126  1,390,019 
Lan Airlines SA  4,699  118,725 
Lan Airlines SA, ADR (L)  52,595  1,319,083 
Madeco SA  9,113,966  339,415 
Masisa SA  3,828,010  377,691 
Molibdenos Y Metales SA  7,311  107,565 
Multiexport Foods SA  27,522  5,804 
Parque Arauco Saparque Arauco SA  44,446  77,387 
Paz Corp. SA  115,321  56,668 
Ripley Corp. SA  641,294  587,450 
SACI Falabella  132,388  1,189,674 
Salfacorp SA  66,565  145,518 
Sigdo Koppers SA  180,777  384,706 
Sociedad Matriz SAAM SA  10,891,677  1,127,096 
Sociedad Quimica y Minera de Chile SA, ADR (L)  28,039  1,457,187 
Socovesa SA  678,810  305,983 
Sonda SA  232,750  630,303 
Vina Concha Y Toro SA  92,215  159,706 
Vina San Pedro Tarapaca SA  16,312,632  104,143 
 
China 9.6%    190,178,261 
361 Degrees International, Ltd. (L)  193,000  49,644 
Agile Property Holdings, Ltd.  844,000  970,522 
Agricultural Bank of China, Ltd., H Shares  3,671,000  1,485,952 
Air China, Ltd., H Shares (I)  640,000  393,986 

 

4 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
China (continued)     
Ajisen China Holdings, Ltd.  546,000  $447,982 
Alibaba.com, Ltd. (I)  719,500  1,243,552 
Aluminum Corp. of China, Ltd., ADR (I)(L)  37,554  400,326 
Aluminum Corp. of China, Ltd., H Shares (I)(L)  232,000  99,435 
Angang Steel Company, Ltd., H Shares (I)(L)  1,210,000  688,691 
Anhui Conch Cement Company, Ltd., H Shares  396,000  1,212,913 
Anhui Expressway Company, Ltd., H Shares  202,000  89,165 
Anhui Tianda Oil Pipe Company, Ltd., H Shares  462,000  74,307 
Anta Sports Products, Ltd. (L)  621,000  508,803 
Anton Oilfield Services Group  1,466,000  226,404 
Asia Cement China Holdings Corp.  610,000  254,680 
Bank of China, Ltd., H Shares  32,504,075  12,410,836 
Bank of Communications Company, Ltd., H Shares  3,532,858  2,283,484 
Baoye Group Company, Ltd., H Shares (I)  478,000  246,076 
Bawang International Group Holding, Ltd. (I)  792,000  69,943 
BBMG Corp., H Shares  276,500  219,087 
Beijing Capital Land, Ltd., H Shares  1,240,000  314,785 
Beijing Datang Power Generation Company, Ltd., H Shares  572,000  198,470 
Beijing Jingkelong Company, Ltd., H Shares  34,000  25,375 
Beijing North Star Company, H Shares  1,030,000  188,714 
Biostime International Holdings, Ltd.  3,500  8,797 
BYD Company, Ltd., H Shares (I)(L)  189,500  384,238 
BYD Electronic International Company, Ltd.  1,060,983  276,342 
Catic Shenzhen Holdings, Ltd., H Shares  140,000  53,359 
Chaowei Power Holdings, Ltd.  83,000  40,434 
China Aoyuan Property Group, Ltd.  1,766,000  221,007 
China BlueChemical, Ltd., H Shares  1,596,000  1,112,711 
China Citic Bank Corp., Ltd., H Shares  6,346,962  3,278,577 
China Coal Energy Company, Ltd., H Shares  4,250,000  3,930,246 
China Communications Construction Company, Ltd., H Shares  3,946,202  3,700,105 
China Communications Services Corp., Ltd., H Shares (I)  2,699,200  1,347,310 
China Construction Bank Corp., H Shares  16,236,000  11,291,966 
China COSCO Holdings Company, Ltd., H Shares (I)(L)  640,000  304,166 
China Dongxiang Group Company  901,000  114,737 
China Eastern Airlines Corp., Ltd., ADR (I)  1,037  14,788 
China Eastern Airlines Corp., Ltd., H Shares (I)  458,000  128,992 
China Huiyuan Juice Group, Ltd. (I)  832,500  258,836 
China Liansu Group Holdings, Ltd.  215,000  112,403 
China Life Insurance Company, Ltd., ADR (L)  99,654  3,509,814 
China Life Insurance Company, Ltd., H Shares  698,000  1,646,864 
China Lilang, Ltd.  322,000  240,457 
China Longyuan Power Group Corp., H Shares  519,000  315,598 
China Medical System Holdings, Ltd.  568,800  241,437 
China Merchants Bank Company, Ltd., H Shares  1,184,500  2,288,330 
China Minsheng Banking Corp., Ltd., H Shares (I)  3,496,500  3,323,774 
China Molybdenum Company, Ltd., H Shares (I)(L)  1,743,000  660,673 
China National Building Material Company, Ltd., H Shares  972,000  1,175,017 
China National Materials Company, Ltd., H Shares  131,000  43,421 
China Nickel Resources Holding Company, Ltd. (I)  878,000  58,596 
China Oilfield Services, Ltd., H Shares (I)  506,000  696,907 
China Pacific Insurance Group Company, Ltd., H Shares  537,400  1,591,181 
China Petroleum & Chemical Corp., ADR (L)  121,770  10,869,190 
China Qinfa Group, Ltd. (I)  944,000  150,922 
China Railway Construction Corp., H Shares  1,822,335  1,414,484 
China Railway Group, Ltd., H Shares  842,000  323,293 
China Rare Earth Holdings, Ltd.  1,272,000  294,043 
China Shanshui Cement Group, Ltd.  1,066,000  842,953 

 

5 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
China (continued)     
China Shenhua Energy Company, Ltd., H Shares  1,013,500  $3,549,381 
China Shineway Pharmaceutical Group, Ltd.  183,000  279,690 
China Shipping Container Lines Company, Ltd., H Shares (I)(L)  3,759,850  941,227 
China Shipping Development Company, Ltd., H Shares  1,410,000  766,455 
China Singyes Solar Technologies Holdings, Ltd.  100,800  44,714 
China Southern Airlines Company, Ltd., ADR  1,402  30,031 
China Southern Airlines Company, Ltd., H Shares  454,000  194,917 
China Sunshine Paper Holdings Company, Ltd.  41,500  3,452 
China Telecom Corp., Ltd., ADR  5,800  264,770 
China Telecom Corp., Ltd., H Shares  2,044,000  941,395 
China Wireless Technologies, Ltd.  532,000  83,252 
China Yurun Food Group, Ltd. (L)  395,000  405,706 
China ZhengTong Auto Services Holdings, Ltd. (I)  419,000  263,992 
China Zhongwang Holdings, Ltd. (I)(L)  2,253,400  881,070 
Chinasoft International, Ltd. (I)  480,000  125,092 
Chongqing Iron & Steel Company, Ltd., H Shares (I)  834,000  135,390 
Chongqing Machinery & Electric Company, Ltd., H Shares (I)  1,100,000  188,111 
CNOOC, Ltd.  3,800,000  6,836,137 
CNOOC, Ltd., ADR (L)  15,118  2,711,413 
Country Garden Holdings Company (I)  7,552,463  2,813,801 
CPMC Holdings, Ltd.  6,000  3,686 
CSR Corp., Ltd., H Shares  604,000  463,386 
Dalian Port PDA Company, Ltd., H Shares (I)  1,186,621  258,095 
Daphne International Holdings, Ltd.  618,000  667,369 
Dongfang Electric Corp. Ltd., H Shares  147,800  346,313 
Dongfeng Motor Group Company, Ltd., H Shares (I)  910,000  1,534,072 
Dongjiang Environmental Company, Ltd., H Shares (I)  16,000  64,960 
Dongyue Group (L)  822,000  535,464 
ENN Energy Holdings, Ltd. (I)  216,000  828,098 
Evergrande Real Estate Group, Ltd. (L)  1,577,000  864,105 
Evertop Wire Cable Corp., H Shares (I)  420,000  882,660 
First Tractor Company, H Shares (I)  712,750  632,448 
Fosun International, Ltd.  1,805,059  971,009 
Golden Eagle Retail Group, Ltd.  229,000  499,436 
Great Wall Motor Company, Ltd., H Shares  1,580,000  3,229,221 
Great Wall Technology Company, Ltd., H Shares (I)  648,000  132,723 
Greentown China Holdings, Ltd. (L)  906,500  568,786 
Guangshen Railway Company, Ltd., ADR (L)  39,922  637,954 
Guangzhou Automobile Group Company, Ltd., H Shares (I)  1,412,857  1,190,647 
Guangzhou Pharmaceutical Company, Ltd., H Shares  276,000  451,611 
Guangzhou R&F Properties Company, Ltd., H Shares (L)  1,032,599  1,370,464 
Guangzhou Shipyard International Company, Ltd., H Shares (I)  126,000  89,550 
Hainan Meilan International Airport Company, Ltd., H Shares  163,000  95,900 
Haitian International Holdings, Ltd.  183,000  189,886 
Harbin Power Equipment Company, Ltd., H Shares  952,000  922,508 
Hengan International Group Company, Ltd.  320,500  3,055,721 
Hidili Industry International Development, Ltd. (I)(L)  1,491,000  455,926 
Hisense Kelon Electrical Holdings Company, Ltd., H Shares (I)  173,000  35,701 
Honghua Group, Ltd.  1,510,000  252,415 
Huadian Power International Corp., H Shares (I)  420,000  92,059 
Huaneng Power International, Inc. (I)  4,400  110,264 
Huaneng Power International, Inc., H Shares (I)  418,000  260,883 
Hunan Non Ferrous Metal Corp., Ltd., H Shares (I)  2,694,000  799,184 
Industrial & Commercial Bank of China, H Shares  16,412,000  10,022,553 
International Taifeng Holdings, Ltd.  46,000  11,812 
Intime Department Store Group Company, Ltd.  733,500  765,404 
Jiangsu Expressway, Ltd., H Shares (I)  326,000  305,774 

 

6 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
China (continued)     
Jingwei Textile Machinery Company, Ltd., H Shares  212,000  $119,290 
Kaisa Group Holdings, Ltd. (I)  118,000  21,533 
Kasen International Holdings, Ltd.  240,000  28,757 
Kingdee International Software Group Company, Ltd. (I)(L)  1,960,000  321,504 
Kingsoft Corp., Ltd.  331,000  152,720 
Lenovo Group, Ltd.  3,542,000  3,015,689 
Li Ning Company, Ltd.  779,000  693,578 
Lianhua Supermarket Holdings Company, Ltd., H Shares  255,200  290,463 
Lingbao Gold Company, Ltd., H Shares  446,000  211,258 
Longfor Properties Company, Ltd.  475,000  735,208 
Maanshan Iron & Steel Company, Ltd., H Shares (I)(L)  2,014,000  483,896 
Maoye International Holdings, Ltd.  866,000  173,162 
Metallurgical Corp. of China, Ltd., H Shares (I)  302,000  66,324 
Microport Scientific Corp. (I)  47,000  20,541 
MIE Holdings Corp.  302,000  75,624 
NVC Lighting Holdings, Ltd.  1,230,000  281,224 
Pacific Online, Ltd.  209,000  74,113 
Parkson Retail Group, Ltd.  520,500  511,579 
PCD Stores Group, Ltd.  1,488,000  151,093 
PetroChina Company, Ltd., ADR (L)  29,667  3,740,119 
PetroChina Company, Ltd., H Shares  2,760,000  3,461,981 
PICC Property & Casualty Company, Ltd., H Shares  836,000  925,736 
Ping An Insurance Group Company, H Shares  516,000  3,787,886 
Powerlong Real Estate Holdings, Ltd.  264,000  39,216 
Qunxing Paper Holdings Company, Ltd. (I)  969,268  257,754 
Regent Manner International, Ltd.  503,000  93,172 
Renhe Commercial Holdings Company, Ltd.  256,000  12,550 
Sany Heavy Equipment International Holdings Company, Ltd.  638,000  385,452 
Scud Group, Ltd.  306,000  20,918 
Semiconductor Manufacturing International Corp., ADR (I)  263,599  427,030 
Semiconductor Manufacturing International Corp. (I)  16,250,000  544,809 
Shandong Chenming Paper Holdings, Ltd., H Shares  225,584  99,256 
Shandong Molong Petroleum Machinery Company, Ltd., H Shares  107,200  68,621 
Shandong Weigao Group Medical Polymer Company, Ltd., H Shares  716,000  724,171 
Shandong Xinhua Pharmaceutical Company, Ltd., H Shares (I)  206,000  48,625 
Shanghai Electric Group Company, Ltd., H Shares  1,068,000  484,642 
Shanghai Jin Jiang International Hotels Group Company, Ltd., H Shares (I)  1,562,000  203,069 
Shanghai Prime Machinery Company, Ltd., H Shares (I)  1,148,000  174,733 
Shenguan Holdings Group, Ltd.  726,000  408,911 
Shenzhen Expressway Company, Ltd., H Shares  208,000  79,511 
Shenzhou International Group Holdings, Ltd.  85,000  152,164 
Shui On Land, Ltd. (L)  3,514,003  1,368,754 
Sichuan Expressway Company, Ltd., H Shares  244,000  85,911 
Sichuan Xinhua Winshare Chainstore Company, Ltd., H Shares  583,650  247,093 
Sihuan Pharmaceutical Holdings Group, Ltd.  886,000  304,288 
Silver Base Group Holdings, Ltd.  506,000  238,274 
Sino-Ocean Land Holdings, Ltd.  3,667,139  1,488,535 
SinoCom Software Group, Ltd.  157,000  21,731 
Sinopec Shanghai Petrochemical Company, Ltd., ADR  1,587  45,452 
Sinopec Shanghai Petrochemical Company, Ltd., H Shares  836,000  242,955 
Sinopec Yizheng Chemical Fibre Company, Ltd., H Shares (I)  608,000  124,764 
Sinopharm Group Company, Ltd., H Shares  339,600  773,463 
Sinotrans, Ltd., H Shares  2,156,574  378,380 
Sinotruk Hong Kong, Ltd.  1,000,055  553,131 
Soho China, Ltd.  2,288,000  1,554,342 
SPG Land Holdings, Ltd. (I)  397,925  79,315 
Sunny Optical Technology Group Company, Ltd.  322,000  99,648 

 

7 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
China (continued)     
Tech Pro Technology Development, Ltd. (I)  588,000  $231,868 
Tencent Holdings, Ltd.  377,200  10,345,302 
Tian Shan Development Holdings, Ltd.  22,000  4,908 
Tiangong International Company, Ltd.  1,007,564  211,156 
Tianjin Capital Environmental Protection Group Company, Ltd., H Shares  90,000  22,056 
Tianneng Power International, Ltd.  948,700  508,864 
Tingyi (Cayman Islands) Holding Corp.  756,000  1,791,392 
Tong Ren Tang Technologies Company, Ltd., H Shares  108,000  157,382 
Trauson Holdings Company, Ltd.  40,000  13,266 
Travelsky Technology, Ltd., H Shares  1,415,500  759,765 
Tsingtao Brewery Company, Ltd., H Shares (I)  130,000  815,442 
Uni-President China Holdings, Ltd. (L)  437,000  387,635 
Want Want China Holdings, Ltd.  1,758,000  2,008,062 
Weichai Power Company, Ltd., H Shares (I)(L)  169,000  744,699 
Weiqiao Textile Company, H Shares  583,500  241,328 
West China Cement, Ltd.  1,352,000  307,334 
Wumart Stores, Inc., H Shares (I)  142,000  313,311 
Wuyi International Pharmaceutical Company, Ltd.  427,500  21,994 
Xiamen International Port Company, Ltd., H Shares  1,056,662  122,357 
Xingda International Holdings, Ltd.  1,029,000  370,229 
Xinjiang Goldwind Science & Technology Company, Ltd., H Shares (I)  136,200  58,800 
Xinjiang Xinxin Mining Industry Company, Ltd., H Shares  1,037,000  243,438 
Xiwang Sugar Holdings Company, Ltd.  593,020  64,787 
XTEP International Holdings  89,000  35,828 
Yanzhou Coal Mining Company, Ltd., ADR (I)(L)  52,903  881,364 
Yanzhou Coal Mining Company, Ltd., H Shares (I)  136,000  228,055 
Zhaojin Mining Industry Company, Ltd., H Shares  420,500  495,026 
Zhejiang Expressway Company, Ltd., H Shares  426,000  292,656 
Zhejiang Glass Company, Ltd., H Shares (I)  172,000  0 
Zhong An Real Estate, Ltd. (I)  793,200  96,536 
Zhongsheng Group Holdings, Ltd.  170,500  274,254 
Zhuzhou CSR Times Electric Company, Ltd., H Shares  159,000  460,714 
Zijin Mining Group Company, Ltd., H Shares  1,823,000  571,590 
ZTE Corp., H Shares (L)  249,200  495,802 
 
Colombia 0.2%    4,643,489 
BanColombia SA, ADR (L)  27,362  1,620,104 
Ecopetrol SA, ADR (L)  50,762  3,023,385 
 
Czech Republic 0.4%    7,156,490 
CEZ AS (I)  63,279  2,236,391 
Fortuna Entertainment Group NV  1,276  5,800 
Komercni Banka AS  2,744  409,027 
Pegas Nonwovens SA  29,627  601,570 
Philip Morris CR AS  293  157,633 
Telefonica O2 Czech Republic AS  100,542  1,837,199 
Unipetrol AS (I)  234,248  1,908,870 
 
Egypt 0.0%    799,838 
Commercial International Bank Egypt SAE  38,036  152,091 
Orascom Construction Industries  15,783  641,741 
Orascom Telecom Holding SAE (I)  2,415  6,006 
 
Hong Kong 5.3%    105,043,514 
AMVIG Holdings, Ltd.  675,333  304,239 
Anxin-China Holdings, Ltd.  940,000  178,776 
Asia Energy Logistics Group, Ltd. (I)  1,880,000  29,487 

 

8 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Hong Kong (continued)     
Asian Citrus Holdings, Ltd.  27,000  $13,485 
Asian Union New Media Group, Ltd. (I)  2,433,125  25,094 
Avic International Holding HK, Ltd. (I)  4,532,000  108,225 
AviChina Industry & Technology Company, Ltd., H Shares  784,000  303,414 
Beijing Capital International Airport Company, Ltd., H Shares  2,564,415  1,610,192 
Beijing Development Hong Kong, Ltd. (I)  482,000  82,981 
Beijing Enterprises Holdings, Ltd.  561,430  3,214,929 
Beijing Enterprises Water Group, Ltd.  1,658,000  343,115 
Belle International Holdings, Ltd.  1,451,000  2,313,549 
Bosideng International Holdings, Ltd.  1,652,000  374,065 
Brilliance China Automotive Holdings, Ltd. (I)  2,906,000  2,860,640 
C C Land Holdings, Ltd.  440,039  101,739 
Central China Real Estate, Ltd.  887,538  228,165 
Centron Telecom International Holdings, Ltd.  330,569  39,022 
CGN Mining Company, Ltd. (I)  835,000  98,758 
Chaoda Modern Agriculture Holdings, Ltd. (I)(L)  5,797,312  347,836 
China Aerospace International Holdings, Ltd.  2,914,755  232,160 
China Agri-Industries Holdings, Ltd.  1,782,000  1,284,835 
China Chengtong Development Group, Ltd. (I)  2,031,216  75,732 
China Energine International Holdings, Ltd. (I)  2,025,589  60,665 
China Everbright International, Ltd.  659,000  296,098 
China Everbright, Ltd.  937,000  1,219,105 
China Foods, Ltd.  380,000  350,508 
China Gas Holdings, Ltd.  932,000  456,416 
China Grand Forestry Green Resources Group, Ltd. (I)  427,090  33,356 
China Green Holdings, Ltd. (L)  588,000  119,887 
China Haidian Holdings, Ltd.  2,601,800  297,537 
China High Precision Automation Group, Ltd.  74,000  25,599 
China Lumena New Materials Corp. (L)  744,000  132,917 
China Mengniu Dairy Company, Ltd. (I)  628,000  1,733,439 
China Merchants Holdings International Company, Ltd.  1,771,518  5,363,153 
China Metal Recycling Holdings, Ltd. (L)  358,200  326,391 
China Mining Resources Group, Ltd. (I)  8,324,000  121,189 
China Mobile, Ltd.  128,000  1,296,153 
China Mobile, Ltd., ADR (L)  297,443  15,089,283 
China Ocean Resources Company, Ltd.  8,700  26,930 
China Oil and Gas Group, Ltd. (I)  3,168,219  293,297 
China Overseas Grand Oceans Group, Ltd.  248,000  327,674 
China Overseas Land & Investment, Ltd.  1,044,000  2,181,925 
China Pharmaceutical Group, Ltd. (I)  1,192,000  207,044 
China Power International Development, Ltd.  655,000  136,484 
China Power New Energy Development Company, Ltd. (I)  920,000  40,950 
China Precious Metal Resources Holdings Company, Ltd. (I)  780,000  137,539 
China Properties Group, Ltd. (I)  920,000  302,323 
China Resource Power Holdings, Ltd.  324,000  588,767 
China Resources Cement Holdings, Ltd.  702,000  509,724 
China Resources Enterprises, Ltd.  780,000  2,475,677 
China Resources Gas Group, Ltd.  390,000  743,028 
China Resources Land, Ltd.  522,000  980,562 
China South City Holdings Ltd.  1,038,000  122,833 
China Starch Holdings, Ltd. (I)  2,630,000  84,893 
China State Construction International Holdings, Ltd.  625,200  580,403 
China Taiping Insurance Holdings Company, Ltd. (I)  276,400  459,807 
China Tianyi Holdings, Ltd. (I)  28,000  4,741 
China Travel International Investment Hong Kong, Ltd.  4,084,000  761,597 
China Unicom Hong Kong, Ltd., ADR (L)  580,041  7,969,763 
China Water Affairs Group, Ltd.  406,000  102,611 

 

9 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Hong Kong (continued)     
ChinaVision Media Group, Ltd. (I)  460,000  $17,196 
CIMC Enric Holdings, Ltd.  96,000  51,825 
Citic 21CN Company, Ltd. (I)  1,034,000  52,482 
Citic Pacific, Ltd.  1,368,923  2,113,738 
Citic Resources Holdings, Ltd. (I)  3,570,000  555,116 
Clear Media, Ltd.  57,000  29,766 
Coastal Greenland, Ltd. (I)  2,124,000  62,600 
Comba Telecom Systems Holdings, Ltd.  685,500  309,431 
Cosco International Holdings, Ltd.  975,040  387,397 
COSCO Pacific, Ltd.  1,798,000  2,220,479 
Coslight Technology International Group, Ltd. (I)  190,000  53,799 
CP Pokphand Company  2,748,000  357,837 
DaChan Food Asia, Ltd.  655,000  117,348 
Dah Chong Hong Holdings, Ltd.  316,000  300,837 
Dawnrays Pharmaceutical Holdings, Ltd.  80,000  18,766 
DBA Telecommunication Asia Holdings, Ltd.  12,000  7,257 
Digital China Holdings, Ltd.  433,000  699,422 
Dynasty Fine Wines Group, Ltd.  242,000  40,781 
Embry Holdings, Ltd.  80,000  40,123 
Extrawell Pharmaceutical Holdings, Ltd. (I)  1,310,000  67,384 
Franshion Properties China, Ltd. (I)  4,998,000  1,446,302 
GCL-Poly Energy Holdings, Ltd. (L)  2,392,000  574,443 
Geely Automobile Holdings Company, Ltd. (L)  2,265,000  820,333 
Global Bio-Chem Technology Group Company, Ltd.  2,837,200  485,252 
Global Sweeteners Holdings, Ltd. (I)  444,000  28,666 
Glorious Property Holdings, Ltd. (I)  411,000  55,703 
Goldbond Group Holdings, Ltd.  100,000  4,502 
Golden Meditech Holdings, Ltd. (I)  2,448,000  251,499 
Goldlion Holdings, Ltd.  345,000  135,175 
GOME Electrical Appliances Holdings, Ltd. (L)  3,511,000  548,376 
Good Friend International Holdings, Inc.  42,000  19,506 
Goodtop Tin International Holdings, Ltd (I)  1,290,000  106,222 
Guangdong Investment, Ltd.  708,000  464,651 
Haier Electronics Group Company, Ltd. (I)  341,000  399,497 
Heng Tai Consumables Group, Ltd. (I)  6,885,525  165,845 
Hengdeli Holdings, Ltd.  1,312,000  382,929 
Hi Sun Technology China, Ltd. (I)  126,000  14,782 
HKC Holdings, Ltd.  3,725,423  167,826 
Hong Kong Energy Holdings, Ltd. (I)  319,027  8,233 
Hopewell Highway Infrastructure, Ltd., GDR  165,000  77,330 
Hopson Development Holdings, Ltd. (I)(L)  878,000  473,037 
Hua Han Bio-Pharmaceutical Holdings, Ltd., H Shares  1,199,040  205,126 
Huabao International Holdings, Ltd. (L)  1,225,000  518,169 
Huscoke Resources Holdings, Ltd. (I)  1,804,200  23,669 
Inspur International, Ltd.  4,415,000  132,324 
Interchina Holdings Company (I)  515,000  30,454 
Ju Teng International Holdings, Ltd.  1,151,722  258,778 
Kai Yuan Holdings, Ltd. (I)  10,020,000  266,146 
Kingboard Chemical Holdings, Ltd.  664,290  1,426,418 
Kingway Brewery Holdings, Ltd.  988,000  338,253 
Kunlun Energy Company, Ltd.  1,012,000  1,730,852 
KWG Property Holding, Ltd. (L)  1,533,012  920,477 
Lai Fung Holdings, Ltd.  4,457,000  74,143 
Le Saunda Holdings  78,000  22,558 
Lee & Man Paper Manufacturing, Ltd.  87,000  37,771 
Lijun International Pharmaceutical Holding, Ltd.  495,000  120,947 
LK Technology Holdings, Ltd.  40,000  8,991 

 

10 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Hong Kong (continued)     
Lonking Holdings, Ltd.  1,240,000  $383,810 
Loudong General Nice Resources China Holdings, Ltd. (I)  2,370,000  161,836 
Magic Holdings International, Ltd.  79,000  27,611 
MIN XIN Holdings, Ltd. (I)  188,000  96,823 
Mingfa Group International Company, Ltd.  325,000  87,390 
Minmetals Land, Ltd.  1,810,000  218,805 
Minmetals Resources, Ltd. (I)(L)  1,240,000  533,924 
Nan Hai Corp., Ltd. (I)  28,150,000  87,117 
Neo-China Land Group Holdings, Ltd. (I)  1,049,500  199,764 
NetDragon Websoft, Inc.  282,000  181,140 
New World China Land, Ltd.  3,655,230  1,292,937 
New World Department Store China, Ltd.  113,000  63,552 
Nine Dragons Paper Holdings, Ltd.  445,000  280,133 
PetroAsian Energy Holdings, Ltd. (I)  3,920,000  98,071 
Phoenix Satellite Television Holdings, Ltd.  604,000  166,210 
Poly Hong Kong Investment, Ltd. (I)(L)  2,759,944  1,343,390 
Ports Design, Ltd.  242,500  238,663 
Pou Sheng International Holdings, Ltd. (I)  2,224,000  180,206 
Prosperity International Holdings HK, Ltd.  1,460,000  64,024 
Qin Jia Yuan Media Services Company, Ltd.  1,307,880  14,614 
Qingling Motors Company, Ltd., H Shares  948,000  255,661 
REXLot Holdings, Ltd.  9,200,000  709,239 
Road King Infrastructure, Ltd.  93,000  54,968 
Samson Holding, Ltd.  1,383,915  160,124 
Shanghai Industrial Holdings, Ltd.  601,041  1,677,381 
Shanghai Zendai Property, Ltd. (I)  4,865,000  73,583 
Shenzhen International Holdings, Ltd.  13,027,500  796,070 
Shenzhen Investment, Ltd.  3,034,000  682,718 
Shimao Property Holdings, Ltd., GDR (L)  1,742,000  2,318,457 
Shougang Concord Century Holdings, Ltd. (I)  1,102,000  39,540 
Shougang Concord International Enterprises Company, Ltd. (I)  6,444,000  289,822 
Shougang Fushan Resources Group, Ltd.  4,078,000  1,331,409 
Silver Grant International, Ltd.  2,182,334  426,786 
Sim Technology Group, Ltd.  1,114,000  66,867 
Sino Biopharmaceutical  2,340,000  712,656 
Sino Prosper State Gold Resources Holdings, Ltd. (I)  438,000  22,596 
Sino Union Petroleum & Chemical International, Ltd. (I)  5,462,273  435,811 
Sinofert Holdings, Ltd. (I)  2,892,000  498,081 
Sinolink Worldwide Holdings, Ltd. (I)  2,918,000  191,998 
Sinomedia Holding, Ltd.  228,000  88,908 
Sinopec Kantons Holdings, Ltd. (L)  1,240,000  855,127 
Sinotrans Shipping, Ltd.  2,137,000  502,765 
Skyworth Digital Holdings, Ltd. (L)  1,330,761  596,581 
Solargiga Energy Holdings, Ltd.  997,000  68,208 
Sparkle Roll Group, Ltd.  600,000  40,064 
SRE Group, Ltd. (I)  4,074,000  164,420 
TAK Sing Alliance Holdings, Ltd.  734,000  77,158 
TCC International Holdings, Ltd.  1,253,417  339,192 
TCL Communication Technology Holdings, Ltd.  219,000  77,383 
TCL Multimedia Technology Holdings, Ltd.  761,200  453,042 
Tian An China Investment, Ltd.  976,000  464,369 
Tianjin Development Holdings, Ltd. (I)  156,000  74,843 
Tomson Group, Ltd.  851,443  159,904 
Towngas China Company, Ltd.  188,000  130,154 
TPV Technology, Ltd.  1,276,588  290,972 
Truly International Holdings, Ltd.  1,751,000  248,513 
United Energy Group, Ltd. (I)  1,846,000  273,321 

 

11 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Hong Kong (continued)     
United Gene High-tech Group, Ltd. (I)  2,090,000  $9,990 
Vinda International Holdings, Ltd.  312,000  510,276 
Vodone, Ltd. (L)  897,600  88,295 
Wasion Group Holdings, Ltd.  710,000  265,708 
Welling Holding, Ltd.  286,000  44,859 
Winteam Pharmaceutical Group, Ltd.  46,000  7,937 
Yingde Gases Group Company (I)  481,000  446,820 
Yip's Chemical Holdings, Ltd.  218,000  169,493 
Yorkey Optical International Cayman, Ltd.  44,000  5,049 
Yuexiu Property Company, Ltd.  6,895,200  1,656,975 
Yuexiu Transport Infrastructure, Ltd.  190,000  89,926 
 
Hungary 0.3%    5,977,501 
Danubius Hotel and Spa PLC (I)  951  10,381 
EGIS Pharmaceuticals PLC  12,458  697,287 
Fotex Holding SE (I)  40,877  30,327 
Magyar Telekom Telecommunications PLC  114,800  201,075 
MOL Hungarian Oil and Gas PLC (L)  14,280  881,725 
OTP Bank PLC (L)  229,203  3,166,486 
PannErgy (I)  2,974  7,307 
Richter Gedeon Nyrt  6,691  982,913 
 
India 7.6%    150,206,092 
3M India, Ltd. (I)  27  1,709 
Aban Offshore, Ltd.  21,138  134,664 
ABB, Ltd.  32,944  430,350 
ABG Shipyard, Ltd.  16,236  109,205 
ACC, Ltd.  18,840  382,805 
Adani Enterprises, Ltd.  54,396  248,555 
Adani Power, Ltd. (I)  180,994  152,894 
Aditya Birla Nuvo, Ltd.  50,286  679,952 
Ador Welding, Ltd.  2,491  5,815 
Agro Tech Foods, Ltd.  963  7,910 
AIA Engineering, Ltd.  27  180 
Akzo Nobel India, Ltd.  3,040  47,326 
Alembic Pharmaceuticals, Ltd. (I)  38,000  33,473 
Alembic, Ltd. (I)  32,798  9,176 
Allahabad Bank  97,853  225,508 
Alok Industries, Ltd.  487,315  161,726 
Alstom Projects India, Ltd.  11,134  68,115 
Amara Raja Batteries, Ltd.  7,441  39,988 
Ambuja Cements, Ltd.  232,437  621,714 
Amtek Auto, Ltd.  149,007  262,674 
Anant Raj Industries, Ltd.  151,998  124,229 
Andhra Bank  157,627  305,546 
Ansal Properties & Infrastructure, Ltd.  83,467  39,318 
Apollo Hospitals Enterprise, Ltd.  44,250  526,863 
Apollo Tyres, Ltd.  77,864  120,240 
Areva T&D India, Ltd. (I)  25,124  75,744 
Arvind, Ltd. (I)  144,398  198,078 
Ashapura Minechem, Ltd. (I)  5,400  956 
Ashok Leyland, Ltd.  1,368,930  603,667 
Asian Paints, Ltd.  11,884  834,787 
Aurobindo Pharma, Ltd.  10,277  20,071 
Avaya Global Connect, Ltd.  148  578 
Axis Bank, Ltd. (I)  58,376  1,014,193 
Axis Bank, Ltd., GDR  95  1,633 

 

12 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
India (continued)     
Bajaj Auto Finance, Ltd.  15,115  $225,716 
Bajaj Auto, Ltd.  28,118  755,830 
Bajaj Electricals, Ltd.  6,141  19,807 
Bajaj Finserv, Ltd.  24,676  287,718 
Bajaj Hindusthan, Ltd.  266,322  120,340 
Bajaj Holdings and Investment, Ltd.  41,862  587,440 
Balaji Telefilms, Ltd.  11,528  7,472 
Balkrishna Industries, Ltd.  16,580  78,673 
Ballarpur Industries, Ltd.  487,134  194,510 
Balmer Lawrie & Company, Ltd.  7,980  82,071 
Balrampur Chini Mills, Ltd.  160,224  141,489 
Bank of Baroda  60,660  808,705 
Bank of India  128,328  767,643 
Bank of Maharashtra  218,538  198,751 
BASF India, Ltd.  2,895  29,545 
Bata India, Ltd.  11,358  176,760 
BEML, Ltd.  19,471  148,957 
Berger Paints India, Ltd.  45,559  112,981 
BGR Energy Systems, Ltd.  13,163  67,239 
Bharat Electronics, Ltd.  7,257  160,273 
Bharat Forge, Ltd.  38,277  211,261 
Bharat Heavy Electricals, Ltd.  256,990  962,336 
Bharat Petroleum Corp., Ltd.  12,709  158,841 
Bharti Airtel, Ltd. (I)  276,897  1,479,460 
Bhushan Steel, Ltd.  17,841  139,214 
Biocon, Ltd.  18,333  72,057 
Birla Corp., Ltd.  41,760  177,890 
Bl Kashyap & Sons, Ltd.  33,652  5,133 
Blue Dart Express, Ltd.  1,817  64,058 
Blue Star, Ltd.  874  2,550 
Bombay Rayon Fashions, Ltd.  15,869  71,214 
Bosch, Ltd.  2,734  419,454 
Brigade Enterprises, Ltd.  22,407  19,351 
Britannia Industries, Ltd.  21,988  209,503 
Cadila Healthcare, Ltd.  23,683  306,555 
Cairn India, Ltd. (I)  390,981  2,300,157 
Canara Bank  91,968  646,891 
Carborundum Universal, Ltd.  2,776  7,266 
Central Bank of India  314,027  425,445 
Century Textile & Industries, Ltd.  32,699  158,750 
Cesc, Ltd.  19,419  93,589 
Chambal Fertilizers & Chemicals, Ltd.  224,870  287,698 
Chennai Petroleum Corp., Ltd.  5,582  13,124 
Cholamandalam DBS Finance, Ltd.  8,951  26,915 
Cipla, Ltd.  122,586  671,263 
City Union Bank, Ltd.  128,137  104,788 
Clariant Chemicals India, Ltd.  2,333  24,724 
CMC, Ltd. (I)  2,312  35,225 
Colgate-Palmolive India, Ltd.  16,631  354,432 
Container Corp of India  7,253  112,557 
Core Projects & Technologies, Ltd.  10,943  55,836 
Coromandel International, Ltd.  33,351  152,833 
Corporation Bank  30,114  224,045 
Cranes Software International, Ltd. (I)  3,000  136 
CRISIL, Ltd.  8,772  165,609 
Crompton Greaves, Ltd.  37,537  74,954 
Cummins India, Ltd.  33,341  251,596 

 

13 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
India (continued)     
Dabur India, Ltd.  236,777  $436,541 
Dalmia Bharat Enterprises, Ltd.  18,693  33,862 
Dalmia Bharat Sugar & Industries, Ltd.  18,693  4,231 
DB Corp., Ltd.  2,679  9,359 
DCM Shriram Consolidated, Ltd.  26,804  22,093 
Deepak Fertilizers & Petrochemicals Corp., Ltd.  44,612  104,739 
Development Credit Bank, Ltd. (I)  184,559  125,867 
Dhanlaxmi Bank, Ltd. (I)  65,879  62,949 
Dish TV India, Ltd. (I)  197,900  202,963 
Dishman Pharmaceuticals & Chemicals, Ltd.  25,451  22,796 
Divi's Laboratories, Ltd.  20,648  343,113 
DLF, Ltd.  407,900  1,342,767 
Dr. Reddy's Laboratories, Ltd.  14,090  420,860 
Dr. Reddy's Laboratories, Ltd., ADR (L)  18,324  539,275 
Dredging Corp. of India, Ltd. (I)  15,333  69,453 
Eclerx Services, Ltd.  4,262  46,943 
Edelweiss Capital, Ltd.  221,050  130,209 
Eicher Motors, Ltd.  8,358  342,829 
EID Parry India, Ltd.  81,890  264,732 
EIH, Ltd.  23,350  32,206 
Elder Pharmaceuticals, Ltd.  8,295  42,678 
Electrosteel Castings, Ltd.  93,708  27,883 
Emami, Ltd.  17,624  153,757 
Engineers India, Ltd.  25,988  102,085 
Entertainment Network India, Ltd. (I)  2,857  11,014 
Era Infra Engineering, Ltd.  6,249  15,783 
Escorts, Ltd.  43,887  49,981 
Essar Oil, Ltd. (I)  141,484  125,938 
Essar Ports, Ltd. (I)  118,939  188,596 
Essar Shipping, Ltd.  59,469  29,272 
Essel Propack, Ltd.  89,057  55,012 
Eveready Industries India, Ltd.  2,607  828 
Everest Kanto Cylinder, Ltd.  53,022  25,998 
Exide Industries, Ltd.  104,294  220,679 
Federal Bank, Ltd.  161,367  1,203,532 
Federal-Mogul Goetze India, Ltd. (I)  8,130  36,280 
Financial Technologies India, Ltd.  4,036  43,259 
Finolex Cables, Ltd.  89,396  58,173 
Finolex Industries, Ltd.  64,689  66,414 
Firstsource Solutions, Ltd. (I)  198,131  30,954 
Fortis Healthcare, Ltd. (I)  99,267  173,756 
Fresenius Kabi Oncology, Ltd. (I)  5,821  11,143 
Future Capital Holdings, Ltd.  9,269  23,555 
Future Mall Management, Ltd. (I)  40  19 
GAIL India, Ltd.  89,346  510,512 
GAIL India, Ltd., GDR  1,143  40,286 
Gammon India, Ltd.  77,691  50,376 
Ganesh Housing Corp. Ltd.  241  279 
Gateway Distriparks, Ltd.  70,842  177,970 
Geojit BNP Paribas Financial Services, Ltd.  135,780  40,005 
Gic Housing Finance, Ltd.  25,033  38,087 
Gillette India, Ltd.  165  7,307 
Gitanjali Gems, Ltd.  50,394  271,019 
GlaxoSmithKline Consumer Healthcare, Ltd.  5,261  260,768 
GlaxoSmithKline Pharmaceuticals, Ltd.  9,366  334,552 
Glenmark Pharmaceuticals, Ltd.  38,363  242,614 
GMR Infrastructure, Ltd. (I)  187,633  68,747 

 

14 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
India (continued)     
Godfrey Philips India, Ltd.  379  $21,031 
Godrej Consumer Products, Ltd.  48,992  491,652 
Godrej Industries, Ltd.  16,932  77,700 
Godrej Properties, Ltd.  2,593  26,461 
Graphite India, Ltd.  80,822  128,542 
Grasim Industries, Ltd.  31,208  1,378,378 
Great Eastern Shipping Company, Ltd.  84,792  372,587 
Grindwell Norton, Ltd.  43  186 
Gujarat Alkalies & Chemicals, Ltd.  51,800  109,148 
Gujarat Ambuja Exports, Ltd.  15,000  4,876 
Gujarat Flourochemicals, Ltd.  32,948  239,450 
Gujarat Gas Company, Ltd.  6,775  35,160 
Gujarat Mineral Development Corp., Ltd.  28,269  89,995 
Gujarat Narmada Valley Fertilizers Company, Ltd.  65,805  93,638 
Gujarat State Fertilisers & Chemicals, Ltd.  41,832  324,505 
Gujarat State Petronet, Ltd.  38,484  43,236 
Gulf Oil Corp, Ltd.  44,106  56,060 
Hathway Cable & Datacom, Ltd. (I)  1,527  4,418 
Havells India, Ltd.  16,738  166,066 
HBL Power Systems, Ltd.  104,569  26,932 
HCL Infosystems, Ltd.  185,657  143,541 
HCL Technologies, Ltd.  60,519  542,173 
HDFC Bank, Ltd. (I)  480,606  4,337,873 
HEG, Ltd.  17,873  61,249 
Heidelbergcement India, Ltd. (I)  87,352  49,755 
Hero Honda Motors, Ltd.  35,279  1,144,338 
Hexa Tradex, Ltd.  42,642  29,234 
Hexaware Technologies, Ltd.  327,232  685,175 
Hikal, Ltd.  2,160  10,489 
Himachal Futuristic Communications (I)  27,541  5,541 
Himatsingka Seide, Ltd. (I)  4,000  2,140 
Hindalco Industries, Ltd.  1,014,546  2,104,007 
Hinduja Ventures, Ltd.  5,652  36,775 
Hindustan Oil Exploration Company, Ltd. (I)  9,699  17,414 
Hindustan Petroleum Corp., Ltd.  24,720  127,887 
Hindustan Unilever, Ltd.  295,625  2,229,816 
Hotel Leela Venture, Ltd.  161,732  93,524 
Housing Development & Infrastructure, Ltd. (I)  335,502  403,672 
Hsil, Ltd.  27,538  70,095 
ICICI Bank, Ltd.  10,162  141,613 
ICICI Bank, Ltd., ADR (L)  656,721  18,486,696 
Idea Cellular, Ltd. (I)  1,096,879  1,479,520 
IFCI, Ltd.  799,536  493,021 
India Cements, Ltd.  309,375  416,083 
India Glycols, Ltd.  14,305  31,601 
India Infoline, Ltd.  254,359  227,762 
Indiabulls Financial Services, Ltd.  341,835  1,390,951 
Indiabulls Infrastructure and Power, Ltd.  1,398,736  192,928 
Indiabulls Real Estate, Ltd.  474,148  447,266 
Indiabulls Wholesale Services, Ltd. (I)  59,268  8,564 
Indian Bank (I)  92,080  277,046 
Indian Hotels Company, Ltd.  502,469  504,360 
Indian Oil Corp., Ltd.  111,037  506,509 
Indian Overseas Bank  198,424  284,400 
Indo Rama Synthetics  20,354  8,390 
Indraprastha Gas, Ltd.  7,107  24,519 
Industrial Development Bank of India, Ltd.  211,610  322,967 

 

15 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
India (continued)     
Info Edge India, Ltd.  15  $190 
Infomedia 18, Ltd. (I)  19,250  2,591 
Infosys, Ltd.  21,383  935,758 
Infosys, Ltd., ADR (L)  100,446  4,228,777 
Infotech Enterprises, Ltd.  17,414  53,642 
Infrastructure Development Finance Company, Ltd.  666,009  1,467,027 
ING Vysya Bank, Ltd.  77,939  449,983 
Ingersoll-Rand India, Ltd.  9,856  80,810 
Ipca Laboratories, Ltd.  7,718  46,455 
IRB Infrastructure Developers, Ltd.  20,010  39,927 
ISMT, Ltd.  54,250  22,778 
Ispat Industries, Ltd. (I)  585,760  104,050 
ITC, Ltd.  807,606  3,316,919 
IVRCL Assets & Holdings, Ltd. (I)  19,557  10,558 
IVRCL Infrastructures & Projects, Ltd.  344,812  249,618 
Jagran Prakashan, Ltd.  14,178  23,734 
Jain Irrigation Systems, Ltd.  59,847  76,490 
Jain Irrigation Systems, Ltd., DVR  2,992  1,892 
Jaiprakash Power Ventures, Ltd. (I)  155,176  98,517 
Jammu & Kashmir Bank, Ltd.  33,817  548,179 
JB Chemicals & Pharmaceuticals, Ltd.  44,422  48,881 
JBF Industries, Ltd.  30,363  60,678 
Jindal Poly Films, Ltd.  15,538  45,189 
Jindal Saw, Ltd.  176,270  381,774 
Jindal Stainless, Ltd. (I)  78,009  101,746 
Jindal Steel & Power, Ltd.  76,313  597,723 
JK Cement, Ltd.  22,552  59,808 
JK Lakshmi Cement, Ltd.  70,257  76,858 
JK Tyre & Industries, Ltd.  14,533  20,266 
JM Financial, Ltd.  368,362  78,741 
JSW Energy, Ltd.  163,311  131,159 
JSW Steel, Ltd.  113,498  1,276,452 
Jubilant Life Sciences, Ltd.  3,234  10,018 
Jubilant Organosys, Ltd.  64,699  202,469 
Jyoti Structures, Ltd.  51,869  35,468 
Kajaria Ceramics, Ltd. (I)  6,818  19,513 
Kalpataru Power Transmission, Ltd.  22,050  32,378 
Karnataka Bank, Ltd.  140,550  182,472 
Karur Vysya Bank, Ltd.  49,942  360,427 
Karuturi Global, Ltd.  98,363  7,935 
Kesoram Industries, Ltd.  33,435  64,479 
Kirloskar Brothers, Ltd.  4,757  9,642 
Kotak Mahindra Bank, Ltd.  88,226  878,346 
KPIT Cummins Infosystems, Ltd.  8,254  17,401 
Krbl, Ltd.  55,453  19,278 
KS Oils, Ltd. (I)  72,719  6,716 
KSB Pumps, Ltd.  7,884  25,589 
KSK Energy Ventures, Ltd. (I)  7,103  6,523 
Lakshmi Machine Works, Ltd.  331  9,136 
Lakshmi Vilas Bank, Ltd.  25,195  33,633 
Lanco Infratech, Ltd. (I)  306,051  66,674 
Lanxess ABS, Ltd.  189  2,478 
Larsen & Toubro, Ltd.  27,740  566,934 
Larsen & Toubro, Ltd.  26,331  550,649 
Lupin, Ltd.  57,843  552,689 
Madhucon Projects, Ltd.  34,342  24,807 
Madras Cements, Ltd. (I)  106,301  255,948 

 

16 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
India (continued)     
Mahanagar Telephone Nigam, Ltd., ADR (I)(L)  81,577  $66,885 
Maharashtra Seamless, Ltd.  54,295  349,423 
Mahindra & Mahindra, Ltd.  69,849  802,376 
Mahindra Lifespace Developers, Ltd.  22,771  125,582 
Manaksia, Ltd.  35,648  29,323 
Mangalam Cement, Ltd.  7,299  16,350 
Mangalore Refinery and Petrochemicals, Ltd.  120,861  119,125 
Marico, Ltd.  91,382  282,810 
Maruti Suzuki India, Ltd.  15,111  294,860 
Mastek, Ltd. (I)  4,394  7,200 
MAX India, Ltd. (I)  26,759  87,915 
McLeod Russel India, Ltd.  51,666  255,836 
Mercator Lines, Ltd. (I)  212,137  62,463 
Merck, Ltd. (I)  2,868  28,553 
Mindtree Ltd.  270  3,029 
Monnet Ispat & Energy, Ltd.  32,137  225,910 
Monsanto India, Ltd.  1,026  11,205 
Moser Baer India, Ltd. (I)  222,508  39,454 
Motherson Sumi Systems, Ltd.  32,722  95,686 
Mphasis, Ltd.  5,221  34,845 
MRF, Ltd.  1,922  370,441 
Mukand, Ltd.  28,732  13,391 
Mundra Port and Special Economic Zone, Ltd.  149,828  331,292 
Nagarjuna Construction Company, Ltd.  246,877  134,508 
Nagarjuna Fertilizer & Chemicals, Ltd.  252,025  47,530 
Nagarjuna Oil Refinery, Ltd.  229,114  23,663 
Nahar Spinning Mills, Ltd.  6,600  5,530 
Natco Pharma, Ltd.  384  2,669 
National Aluminium Company, Ltd.  574,204  588,061 
National Hydroelectric Power Corp. Ltd.  665,952  216,216 
Nava Bharat Ventures, Ltd.  43,984  137,452 
Navneet Publications India, Ltd.  35,231  34,348 
NESCO, Ltd.  1,049  11,261 
Nestle India, Ltd.  8,256  659,638 
NIIT Technologies, Ltd.  45,471  256,141 
NIIT, Ltd.  136,918  102,920 
Nitin Fire Protection Industries, Ltd.  11,119  9,580 
Noida Toll Bridge Company, Ltd.  171,479  75,270 
NTPC, Ltd.  121,894  315,982 
OCL India, Ltd.  1,500  2,135 
Oil & Natural Gas Corp., Ltd.  147,232  661,789 
Oil India, Ltd.  37,745  295,127 
Omaxe, Ltd. (I)  105,584  272,764 
Onmobile Global, Ltd. (I)  48,316  35,530 
Opto Circuits India, Ltd.  43,971  125,278 
Oracle Financial Services Software, Ltd. (I)  6,001  266,010 
Orbit Corp., Ltd.  63,959  48,615 
Orchid Chemicals & Pharmaceuticals, Ltd.  56,302  119,572 
Orient Paper & Industries, Ltd.  82,674  82,857 
Oriental Bank of Commerce  67,526  273,613 
Orissa Minerals Development Company, Ltd.  40  19,310 
Page Industries, Ltd.  1,305  72,735 
Panacea Biotec, Ltd.  26,548  30,514 
Parsvnath Developers, Ltd. (I)  129,259  121,937 
Patel Engineering, Ltd.  24,567  37,550 
Peninsula Land, Ltd.  89,370  47,190 

 

17 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
India (continued)     
Petronet LNG, Ltd.  88,738  $202,861 
Pfizer, Ltd.  1,678  32,276 
Phillips Carbon Black, Ltd.  9,196  16,782 
Phoenix Mills, Ltd.  1,084  3,544 
Pidilite Industries, Ltd.  62,233  189,465 
Pipavav Defence & Offshore Engineering Company, Ltd. (I)  4,312  6,293 
Piramal Healthcare, Ltd.  87,007  686,023 
Plethico Pharmaceuticals, Ltd.  5,976  41,218 
Polaris Software Lab, Ltd.  39,735  80,086 
Polyplex Corp., Ltd.  18,044  47,270 
Power Grid Corp. of India Ltd.  169,770  319,822 
Praj Industries, Ltd.  57,344  57,930 
Prism Cement, Ltd. (I)  71,827  61,342 
PSL, Ltd.  15,269  15,312 
PTC India, Ltd.  222,817  220,483 
Punj Lloyd, Ltd.  224,909  178,549 
Punjab National Bank, Ltd. (I)  5,000  70,420 
Radico Khaitan, Ltd.  20,886  45,784 
Rain Commodities Ltd.  114,375  75,474 
Rajesh Exports, Ltd.  43,299  108,199 
Rallis India, Ltd.  18,663  41,525 
Ranbaxy Laboratories, Ltd., GDR (I)  2,335  21,756 
Ranbaxy Laboratories, Ltd. (I)  31,761  291,927 
Raymond, Ltd.  43,363  281,253 
Redington India, Ltd.  49,657  71,452 
REI Agro, Ltd. (I)  164,589  24,339 
REI Six Ten Retail, Ltd.  7,790  520 
Reliance Capital, Ltd.  108,604  600,768 
Reliance Communications, Ltd.  617,273  710,779 
Reliance Industries, Ltd.  1,114,389  14,205,684 
Reliance Industries, Ltd., GDR (S)  150,923  3,659,683 
Reliance Infrastructure, Ltd.  30,365  242,338 
Reliance Mediaworks, Ltd. (I)  19,015  16,795 
Reliance Power, Ltd. (I)  555,888  925,951 
Rolta India, Ltd.  153,518  202,225 
RPG Itochu Finance, Ltd.  1,085  1,371 
Ruchi Soya Industries, Ltd.  127,227  212,959 
Rural Electrification Corp. Ltd.  370,755  1,079,859 
S Kumars Nationwide, Ltd.  142,150  83,703 
Satyam Computer Services, Ltd. (I)  270,166  355,105 
Schneider Electric Infrastructure, Ltd. (I)  25,124  35,617 
SEAMEC, Ltd. (I)  14,000  20,093 
Sesa Goa, Ltd.  55,565  182,837 
Shiv-Vani Oil & Gas Exploration Services, Ltd.  20,192  54,760 
Shoppers Stop, Ltd.  10,088  57,172 
Shree Cement, Ltd.  1,625  68,269 
Shree Renuka Sugars, Ltd.  423,210  198,087 
Shriram Transport Finance Company, Ltd.  43,154  401,082 
Sicagen India, Ltd.  1,273  387 
SKF India, Ltd.  4,232  48,233 
Sobha Developers, Ltd.  50,252  268,837 
Solar Industries India, Ltd.  480  7,317 
Sonata Software, Ltd.  23,000  7,518 
South Indian Bank, Ltd.  847,658  366,213 
SREI Infrastructure Finance, Ltd.  294,220  102,073 
SRF, Ltd.  19,638  74,448 
State Bank of Bikaner & Jaipur  18,445  116,732 

 

18 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
India (continued)     
State Bank of India  40,585  $1,483,329 
State Bank of India, GDR  4,501  329,084 
Steel Authority of India, Ltd.  369,419  616,938 
Sterling Biotech, Ltd.  96,778  12,322 
Sterlite Industries India, Ltd., ADR (L)  349,435  2,330,731 
Strides Arcolab, Ltd.  181  2,201 
Sun Pharma Advanced Research Company, Ltd. (I)  34,050  47,470 
Sun Pharmaceutical Industries, Ltd.  111,238  1,116,984 
Sun TV Network, Ltd.  15,199  64,418 
Sundaram Finance, Ltd.  8,650  102,075 
Supreme Industries, Ltd.  10,681  39,729 
Suzlon Energy, Ltd. (I)  534,875  171,617 
Syndicate Bank, Ltd.  165,888  274,532 
Tamilnadu Newsprint & Papers, Ltd.  37,939  67,956 
Tanla Solutions, Ltd.  13,441  1,437 
Tata Chemicals, Ltd.  74,739  405,427 
Tata Communications, Ltd.  33,200  129,204 
Tata Communications, Ltd., ADR  63,885  485,526 
Tata Consultancy Services, Ltd.  140,278  3,095,103 
Tata Elxsi, Ltd.  5,653  20,972 
Tata Investment Corp., Ltd. (I)  15,423  121,349 
Tata Motors, Ltd.  17,523  72,297 
Tata Motors, Ltd., ADR (L)  53,090  1,103,741 
Tata Power Company, Ltd.  205,360  341,576 
Tata Steel, Ltd.  302,239  2,191,252 
Tata Tea, Ltd.  555,495  1,071,209 
Tata Teleservices Maharashtra, Ltd. (I)  179,695  41,976 
Tech Mahindra, Ltd.  8,092  95,713 
Teledata Marine Solutions, Ltd. (I)  23,607  143 
Teledata Technology Solutions, Ltd. (I)  23,607  106 
Thermax, Ltd.  11,265  90,541 
Til, Ltd.  647  2,785 
Time Technoplast, Ltd.  105,115  90,833 
Titagarh Wagons, Ltd.  8,719  48,065 
Titan Industries, Ltd.  96,547  384,169 
Torrent Pharmaceuticals, Ltd.  14,751  159,176 
Torrent Power, Ltd.  8,585  30,270 
Trent, Ltd.  72  1,179 
Triveni Engineering & Industries, Ltd.  25,986  6,288 
Triveni Turbine, Ltd.  25,986  20,243 
TTK Prestige, Ltd.  1,939  95,954 
Tube Investments of India, Ltd.  4,049  10,212 
TVS Motor Company, Ltd.  47,690  28,840 
UCO Bank  198,438  248,024 
Uflex, Ltd.  34,032  62,055 
Ultratech Cement, Ltd.  23,329  598,433 
Union Bank of India, Ltd.  122,021  433,740 
Unitech, Ltd. (I)  747,580  289,745 
United Breweries, Ltd.  29,446  253,807 
United Spirits, Ltd. (I)  29,063  293,034 
Usha Martin, Ltd.  176,167  78,410 
Vardhman Special Steels, Ltd.  1,653  1,038 
Vardhman Textiles, Ltd.  8,267  34,323 
Varun Shipping Company, Ltd.  47,044  13,187 
Videocon Industries, Ltd.  86,553  258,751 
Vijaya Bank  167,219  165,820 
Vimta Labs, Ltd.  7,251  1,816 

 

19 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
India (continued)     
VIP Industries, Ltd.  21,685  $31,119 
VST Industries, Ltd.  2,273  76,447 
Walchandnagar Industries  18,923  23,498 
Wipro, Ltd.  154,762  1,117,247 
Wockhardt, Ltd. (I)  20,900  296,657 
Wyeth, Ltd.  346  5,255 
Yes Bank, Ltd.  67,931  398,561 
Zee Entertainment Enterprises, Ltd.  173,134  396,562 
Zuari Holdings, Ltd.  9,847  56,900 
Zuari Industries, Ltd.  9,847  21,384 
Zylog Systems, Ltd.  9,565  106,401 
 
Indonesia 3.6%    70,770,130 
Ace Hardware Indonesia Tbk PT  3,500  2,045 
Adaro Energy Tbk PT  4,837,000  754,928 
Adhi Karya Tbk PT  312,000  32,025 
AKR Corporindo Tbk PT  2,347,500  839,896 
Aneka Tambang Tbk PT  5,330,000  649,477 
Asahimas Flat Glass Tbk PT  113,500  69,942 
Astra Agro Lestari Tbk PT  210,000  455,966 
Astra Graphia Tbk PT  606,500  72,003 
Astra International Tbk PT  635,500  4,339,179 
Bakrie & Brothers Tbk PT (I)  129,839,261  690,674 
Bakrie Sumatera Plantations Tbk PT  17,913,000  446,787 
Bakrie Telecom Tbk PT (I)  34,369,000  968,515 
Bakrieland Development Tbk PT (I)  55,574,500  572,329 
Bank Bukopin Tbk PT  4,762,666  324,001 
Bank Central Asia Tbk PT  4,506,500  3,351,213 
Bank Danamon Indonesia Tbk PT  4,266,371  2,406,236 
Bank Mandiri Tbk PT  5,420,646  3,972,423 
Bank Negara Indonesia Persero Tbk PT  4,958,603  1,948,332 
Bank Pan Indonesia Tbk PT (I)  9,686,500  906,975 
Bank Permata Tbk PT (I)  25,500  3,877 
Bank Rakyat Indonesia Tbk PT  3,552,500  2,131,669 
Bank Tabungan Negara Tbk PT  287,000  36,580 
Bank Tabungan Pensiunan Nasional Tbk PT (I)  164,500  65,994 
Barito Pacific Tbk PT (I)  3,118,500  191,530 
Bayan Resources Tbk PT  98,000  130,073 
Berlian Laju Tanker Tbk PT (I)  11,916,666  248,475 
Bhakti Investama Tbk PT  22,152,800  987,590 
Bisi International PT  203,000  16,815 
Budi Acid Jaya Tbk PT  2,039,000  41,052 
Bumi Resources Tbk PT  36,575,930  5,510,420 
Bumi Serpong Damai PT  1,017,000  129,504 
BW Plantation Tbk PT  181,500  23,501 
Central Proteinaprima Tbk PT (I)  30,464,500  171,768 
Chandra Asri Petrochemical Tbk PT  8,000  1,614 
Charoen Pokphand Indonesia Tbk PT  3,630,920  1,012,408 
Ciputra Development Tbk PT  16,645,500  1,237,465 
Ciputra Surya Tbk PT  1,437,500  284,013 
Citra Marga Nusaphala Persada Tbk PT  283,000  65,364 
Darma Henwa Tbk PT (I)  20,860,500  130,614 
Davomas Abadi Tbk PT (I)  8,435,500  44,870 
Delta Dunia Makmur Tbk PT (I)  3,888,000  159,496 
Elnusa Tbk PT  2,863,500  59,325 
Energi Mega Persada Tbk PT (I)  40,739,638  631,405 
Gajah Tunggal Tbk PT (I)  2,601,000  676,211 

 

20 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Indonesia (continued)     
Global Mediacom Tbk PT  6,626,000  $956,313 
Gozco Plantations Tbk PT  4,676,000  121,695 
Gudang Garam Tbk PT  952,743  5,454,202 
Hexindo Adiperkasa Tbk PT  117,000  111,429 
Indah Kiat Pulp and Paper Corp. Tbk PT (I)  4,870,000  542,818 
Indika Energy Tbk PT  1,908,000  375,575 
Indo Tambangraya Megah Tbk PT  172,000  617,197 
Indocement Tunggal Prakarsa Tbk PT  608,000  1,149,974 
Indofood Sukses Makmur Tbk PT  4,542,000  2,279,829 
Indosat Tbk PT, ADR  500  10,330 
Inovisi Infracom Tbk PT (I)  9,500  5,656 
International Nickel Indonesia Tbk PT  3,245,000  859,632 
Intiland Development Tbk PT (I)  3,553,500  126,426 
Japfa Comfeed Indonesia Tbk PT  675,500  297,768 
Jasa Marga Tbk PT  665,000  363,551 
Kalbe Farma Tbk PT  2,614,500  1,076,014 
Kawasan Industri Jababeka Tbk PT (I)  15,626,500  340,490 
Lippo Karawaci Tbk PT  25,745,625  2,158,423 
Malindo Feedmill Tbk PT  90,500  11,442 
Matahari Putra Prima Tbk PT  3,619,500  361,556 
Mayora Indah Tbk PT  119,250  268,228 
Medco Energi Internasional Tbk PT  2,261,000  433,868 
Media Nusantara Citra Tbk PT  6,522,000  1,281,046 
Mitra Adiperkasa Tbk PT  1,203,500  893,492 
Mitra International Resources Tbk PT (I)  5,235,500  89,115 
Modern Internasional Tbk PT  8,000  2,401 
Nippon Indosari Corpindo Tbk PT  21,000  8,698 
Pabrik Kertas Tjiwi Kimia Tbk PT  321,000  97,260 
Pakuwon Jati Tbk PT (I)  6,302,000  125,912 
Panin Financial Tbk PT (I)  18,582,500  238,900 
Panin Insurance Tbk PT  1,443,000  75,821 
Perusahaan Gas Negara Tbk PT  1,960,500  771,398 
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT  3,882,500  989,599 
Polychem Indonesia Tbk PT (I)  1,930,000  86,025 
PT Telekomunikiasi Indonesia Tbk PT, ADR (L)  56,716  1,846,673 
Ramayana Lestari Sentosa Tbk PT  4,070,000  405,959 
Resource Alam Indonesia Tbk PT  87,500  40,845 
Sampoerna Agro Tbk PT  1,086,500  317,191 
Samudera Indonesia Tbk PT  74,500  28,471 
Selamat Sempurna Tbk PT  1,188,000  247,563 
Semen Gresik Persero Tbk PT  1,264,500  1,470,785 
Sentul City Tbk PT (I)  14,266,000  379,022 
Sinar Mas Multiartha Tbk PT  37,000  15,930 
Summarecon Agung Tbk PT  12,497,500  1,885,445 
Surya Citra Media Tbk PT  5,500  5,232 
Surya Semesta Internusa Tbk PT  490,000  47,333 
Suryainti Permata Tbk PT (I)  1,802,000  17,061 
Tambang Batubara Bukit Asam Tbk PT  392,000  622,956 
Timah Tbk PT  238,000  34,602 
Trada Maritime Tbk PT (I)  4,824,000  425,028 
Trias Sentosa Tbk PT  1,000,000  33,910 
Trimegah Securities Tbk PT  1,540,500  21,461 
Truba Alam Manunggal Engineering PT (I)  19,436,000  103,383 
Tunas Baru Lampung Tbk PT  1,536,000  86,363 
Tunas Ridean Tbk PT  872,500  74,174 
Unilever Indonesia Tbk PT  553,000  1,207,938 
United Tractors Tbk PT  559,000  1,372,214 

 

21 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Indonesia (continued)     
Wijaya Karya Persero Tbk PT  2,967,500  $290,329 
Xl Axiata Tbk PT  659,000  413,600 
 
Israel 0.0%    135,932 
Mivtach Shamir Holdings, Ltd. (I)  5,896  135,932 
 
Luxembourg 0.1%    1,151,122 
Brait SE (I)  395,732  1,151,122 
 
Malaysia 4.3%    85,357,010 
Adventa BHD  25,200  10,800 
Aeon Company BHD  65,200  199,026 
Aeon Credit Service M BHD  5,300  17,400 
Affin Holdings BHD  430,900  416,751 
AirAsia BHD  1,519,200  1,680,619 
Alam Maritim Resources BHD (I)  267,200  44,139 
Alliance Financial Group BHD  1,182,400  1,526,598 
AMDB BHD  180,000  26,715 
AMMB Holdings BHD  2,048,350  4,007,240 
Amway Malaysia Holdings  400  1,231 
Ann Joo Resources BHD  256,700  134,731 
APM Automotive Holdings BHD  192,600  303,580 
Asas Dunia BHD  94,000  35,145 
Asiatic Development BHD  193,400  568,604 
Axiata Group BHD  889,400  1,505,773 
Bandar Raya Developments BHD  977,900  704,123 
Batu Kawan BHD  19,100  107,583 
Berjaya Assets BHD  458,500  121,490 
Berjaya Corp. BHD (Kuala Lumpur Exchange)  3,698,200  933,807 
Berjaya Land BHD  846,900  231,903 
Berjaya Sports Toto BHD  390,100  512,494 
BIMB Holdings BHD  269,100  224,584 
Bintulu Port Holdings BHD  300  680 
Bolton BHD  81,500  19,598 
Boustead Heavy Industries Corp. BHD  16,400  14,859 
Boustead Holdings BHD  486,706  779,286 
British American Tobacco Malaysia BHD  80,100  1,373,329 
Bursa Malaysia BHD  397,000  739,077 
C.I. Holdings BHD  36,800  14,738 
Cahya Mata Sarawak BHD  265,700  205,267 
Carlsberg Brewery-Malay BHD  123,400  406,800 
CB Industrial Product Holding BHD  251,170  196,080 
CIMB Group Holdings BHD  1,892,700  4,469,972 
Coastal Contracts BHD  244,266  134,259 
CSC Steel Holdings BHD  234,900  98,886 
Dayang Enterprise Holdings BHD  116,400  73,305 
Dialog Group BHD  760,100  542,626 
DiGi.Com BHD  1,138,380  1,432,906 
Dijaya Corp. BHD  16,900  6,297 
DNP Holdings BHD  519,000  295,562 
DRB-Hicom BHD  933,100  717,313 
Dutch Lady Milk Industries BHD  8,200  85,361 
Eastern & Oriental BHD  830,700  379,183 
ECM Libra Financial Group BHD (I)  311,610  76,824 
Evergreen Fibreboard BHD  570,300  161,662 
Faber Group BHD (I)  287,400  126,897 
Fraser & Neave Holdings BHD  46,900  262,940 

 

22 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Malaysia (continued)     
Gamuda BHD  1,248,000  $1,330,864 
Genting BHD  711,500  2,240,955 
Genting Malaysia BHD  3,357,900  3,880,240 
Globetronics Technology BHD  172,980  64,546 
Glomac BHD  411,400  109,569 
Goldis BHD  335,625  218,298 
Green Packet BHD (I)  127,800  20,343 
Guinness Anchor BHD  83,000  339,333 
Guocoland Malaysia BHD  37,100  9,328 
Hai-O Enterprise BHD  13,700  8,994 
Hap Seng Consolidated BHD  939,800  479,137 
Hap Seng Plantations Holdings BHD  204,700  192,353 
Hartalega Holdings BHD  195,200  220,727 
HO WAH Genting BHD (I)  671,700  84,582 
Hock Seng LEE BHD  98,392  47,135 
Hong Leong Bank BHD  257,840  993,700 
Hong Leong Credit BHD  301,600  1,136,328 
Hong Leong Industries BHD  55,300  67,911 
Hunza Properties BHD  102,400  46,485 
Hwang-DBS Malaysia BHD (I)  69,400  51,481 
IGB Corp. BHD  1,390,740  1,188,474 
IJM Corp. BHD  1,524,980  2,486,023 
IJM Land BHD  437,700  289,240 
IJM Plantations BHD  111,100  106,630 
Insas BHD (I)  488,074  63,029 
Integrated Logistics BHD  175,560  49,812 
Integrax BHD (I)  74,400  31,118 
IOI Corp. BHD  1,098,100  1,815,584 
Jaks Resources BHD (I)  413,200  67,459 
Jaya Tiasa Holdings BHD  59,535  154,743 
JCY International BHD  623,800  282,598 
JT International BHD  6,100  13,854 
K&N Kenanga Holdings BHD (I)  154,200  29,523 
Karambunai Corp. BHD (I)  1,224,300  55,857 
Keck Seng BHD  319,250  371,527 
KFC Holdings Malaysia BHD  86,500  104,175 
Kian Joo Can Factory BHD  332,000  203,772 
Kim Loong Resources BHD  37,800  27,916 
Kinsteel BHD  706,200  93,291 
KLCC Property Holdings BHD  595,000  683,614 
KNM Group BHD (I)  1,300,625  298,932 
Kossan Rubber Industries  55,100  54,348 
KPJ Healthcare BHD  401,900  743,837 
KSL Holdings BHD  210,966  91,051 
Kuala Lumpur Kepong BHD  191,558  1,350,054 
KUB Malaysia BHD  592,900  102,058 
Kulim Malaysia BHD  511,700  740,682 
Kumpulan Europlus BHD (I)  210,500  68,061 
Kumpulan Fima BHD  93,300  54,084 
Kumpulan Hartanah Selangor BHD (I)  410,900  58,803 
Kumpulan Perangsang Selangor BHD  164,000  52,975 
Kurnia Asia BHD (I)  572,800  109,988 
Lafarge Malayan Cement BHD  75,500  167,136 
Landmarks BHD (I)  325,700  89,283 
LBS Bina Group BHD  210,000  53,275 
Leader Universal Holdings BHD  490,700  115,041 
Lingui Development BHD  2,200  1,080 

 

23 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Malaysia (continued)     
Lion Corp. BHD (I)  324,258  $31,170 
Lion Diversified Holdings BHD  670,700  64,342 
Lion Forest Industries BHD  136,500  63,184 
Lion Industries Corp. BHD  544,000  193,416 
LPI Capital BHD  9,000  37,691 
MAA Holdings BHD (I)  139,500  20,255 
Mah Sing Group BHD  88,600  56,388 
Malayan Banking BHD  1,346,794  3,711,940 
Malayan Flour Mills BHD  75,500  37,877 
Malaysia Airports Holdings BHD  125,700  228,696 
Malaysia Building Society BHD  151,526  107,309 
Malaysian Airline System BHD (I)  793,600  282,391 
Malaysian Bulk Carriers BHD  91,200  46,234 
Malaysian Pacific Industries BHD  20,738  19,400 
Malaysian Resources Corp. BHD  625,700  324,857 
Maxis BHD  765,785  1,495,129 
MBM Resources BHD  98,150  99,712 
Media Prima BHD  774,180  555,456 
Mega First Corp. BHD  193,700  102,485 
Melewar Industrial Group BHD (I)  62,200  6,466 
Metro Kajang Holdings BHD  113,861  73,335 
MISC BHD  609,650  773,463 
MK Land Holdings BHD (I)  623,400  53,835 
MMC Corp. BHD  988,700  838,165 
MNRB Holdings BHD  18,000  14,063 
Mudajaya Group BHD  51,200  44,902 
Muhibbah Engineering M BHD  350,900  133,577 
Mulpha International BHD (I)  2,169,700  276,773 
My EG Services BHD  82,400  15,044 
Naim Holdings BHD  148,000  81,430 
NCB Holdings BHD  29,600  39,549 
Nestle Malaysia BHD  1,900  31,860 
NTPM Holdings BHD  3,100  469 
Oriental Holdings BHD  377,920  768,894 
OSK Holdings BHD  812,645  391,908 
Padini Holdings BHD  284,300  159,373 
Panasonic Manufacturing Malaysia BHD  8,700  59,466 
Paramount Corp. BHD  68,320  34,003 
Parkson Holdings BHD  440,800  658,141 
Pelikan International Corp. BHD  358,500  91,311 
Perisai Petroleum Teknologi BHD (I)  559,800  151,990 
Perwaja Holdings BHD (I)  10,600  1,919 
Petronas Chemicals Group BHD  212,800  449,070 
Petronas Dagangan BHD  96,800  628,705 
Petronas Gas BHD  123,700  669,918 
Pharmaniaga BHD  15,018  22,265 
PJ Development Holdings BHD  297,900  68,504 
Pos Malaysia BHD (I)  40,900  34,858 
PPB Group BHD  563,100  3,017,540 
Press Metal BHD  170,300  97,109 
Protasco BHD  141,500  42,146 
Public Bank BHD  265,400  1,152,831 
QL Resources BHD  224,900  219,117 
QSR Brands BHD  83,100  170,254 
RCE Capital BHD  327,700  48,443 
RHB Capital BHD  708,351  1,657,614 
Sapurakencana Petroleum BHD  532,258  370,865 

 

24 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Malaysia (continued)     
Sarawak Oil Palms BHD  85,900  $168,144 
Scomi Group BHD (I)  1,525,800  107,628 
Scomi Marine BHD (I)  128,700  17,223 
SEG International BHD  185,200  99,859 
Selangor Dredging BHD  328,000  76,028 
Selangor Properties BHD  18,300  18,898 
Shangri-La Hotels BHD  24,100  22,893 
Shell Refining Company Federation of Malaya BHD  145,700  454,831 
SHL Consolidated BHD  185,100  72,949 
Sime Darby BHD  948,596  2,888,842 
Sino Hua-An International BHD (I)  659,200  38,431 
Star Publications Malaysia BHD  27,300  27,511 
Sunway BHD (I)  655,671  468,730 
Supermax Corp. BHD  76,600  44,827 
Suria Capital Holdings BHD  286,100  134,971 
TA Ann Holdings BHD  307,784  518,422 
TA Enterprise BHD  1,731,500  291,985 
TA Global BHD  1,466,040  124,704 
Talam Corp. BHD (I)  1,080,000  18,702 
TAN Chong Motor Holdings BHD  54,100  76,731 
Tanjung Offshore BHD (I)  159,900  33,984 
TDM BHD  158,783  196,575 
Tebrau Teguh BHD (I)  548,034  130,042 
Telekom Malaysia BHD  221,500  376,080 
Tenaga Nasional BHD  487,100  1,024,419 
TH Plantations BHD (I)  154,300  113,275 
Three-A Resources BHD  5,500  1,975 
Time.com BHD (I)  459,740  456,617 
Top Glove Corp. BHD  332,600  468,241 
Tradewinds Corp. BHD  576,400  132,600 
Tradewinds Malaysia BHD  148,300  410,971 
TSH Resources BHD  265,400  185,438 
Uchi Technologies BHD  37,100  14,729 
UEM Land Holdings BHD (I)  709,166  448,863 
UMW Holdings BHD  308,700  774,428 
Unico-Desa Plantations BHD  149,600  56,843 
Unisem M BHD  640,620  263,914 
United Malacca BHD  112,550  254,956 
United Plantations BHD  23,200  177,206 
VS Industry BHD  158,097  78,185 
Wah Seong Corp. BHD  213,200  128,303 
WTK Holdings BHD  255,000  96,240 
YNH Property BHD  820,096  508,848 
YTL Corp. BHD  4,248,992  2,461,452 
YTL E-Solutions BHD  86,200  20,378 
YTL Power International BHD  393,200  205,345 
Zelan BHD (I)  600,800  72,802 
Zhulian Corp. BHD  41,300  25,606 
 
Mexico 5.1%    100,203,941 
Alfa SAB de CV  378,944  4,726,567 
Alsea SAB de CV (I)  496,745  579,470 
America Movil SAB de CV, Series L  4,731,500  5,539,240 
America Movil SAB de CV, Series L, ADR (L)  258,368  6,087,150 
Arca Continental SAB de CV  1,348,401  6,678,016 
Axtel SAB de CV (I)  1,028,937  231,597 
Bolsa Mexicana de Valores SAB de CV  464,094  814,660 

 

25 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Mexico (continued)     
Cemex SAB de CV, ADR (I)(L)  1,246,519  $6,905,715 
Coca-Cola Femsa SAB de CV, ADR  43,421  4,995,152 
Coca-Cola Femsa SAB de CV, Series L  73,868  855,776 
Consorcio ARA SAB de CV (I)  1,131,662  320,962 
Controladora Comercial Mexicana SAB de CV  861,445  1,450,329 
Corporacion GEO SAB de CV (I)  777,652  752,171 
Desarrolladora Homex SAB de CV (I)  173,000  378,304 
Desarrolladora Homex SAB de CV, ADR (I)(L)  29,608  384,016 
Dine SAB de CV (I)  103,700  31,073 
El Puerto de Liverpool SAB de CV  12,500  90,156 
Empresas ICA SAB de CV, ADR (I)(L)  231,841  1,367,862 
Fomento Economico Mexicano SAB de CV, ADR (L)  114,228  9,004,593 
Genomma Lab Internacional SA de CV (I)  130,900  232,059 
GMD Resorts SAB de CV (I)  69,300  21,973 
Gruma SAB de CV, Class B (I)  394,374  862,664 
Grupo Aeroportuario del Centro Norte SAB de CV  205,789  357,652 
Grupo Aeroportuario del Centro Norte SAB de CV, ADR  14,736  216,619 
Grupo Aeroportuario del Pacifico SAB de CV, ADR (L)  77,896  2,769,982 
Grupo Aeroportuario del Sureste SAB de CV, ADR (L)  34,325  2,458,357 
Grupo Aeroportuario del Sureste SAB de CV, Class B  27,200  196,747 
Grupo Bimbo SAB de CV  904,200  1,982,281 
Grupo Carso SAB de CV  801,815  2,236,111 
Grupo Cementos de Chihuahua SAB de CV (I)  57,000  165,437 
Grupo Elektra SAB de CV  10,370  369,991 
Grupo Famsa SAB de CV (I)  289,538  237,075 
Grupo Financiero Banorte SAB de CV  1,707,270  7,627,286 
Grupo Financiero Inbursa SA  80,200  165,484 
Grupo Gigante SAB de CV  168,900  258,937 
Grupo Herdez SAB de CV  8,700  17,339 
Grupo Industrial Maseca SAB de CV (I)  2,600  2,821 
Grupo Industrial Saltillo SAB de CV  100,600  105,015 
Grupo Kuo SAB de CV (I)  164,700  286,930 
Grupo Mexicano de Desarrollo SAB de CV (I)  69,300  36,702 
Grupo Mexico SAB de CV, Series B  1,276,187  3,369,620 
Grupo Modelo SAB de CV  149,400  1,038,498 
Grupo Simec SAB de CV (I)  197,942  574,645 
Grupo Televisa SAB, ADR  112,398  2,134,438 
Industrias Bachoco SAB de CV, ADR (L)  2,203  44,236 
Industrias Bachoco SAB de CV, Series B  24,800  43,205 
Industrias CH SAB de CV (I)  292,935  1,173,561 
Industrias Penoles SAB de CV  21,990  839,746 
Inmuebles Carso SAB de CV, Class B1 (I)  1,093,966  827,134 
Kimberly-Clark de Mexico SAB de CV  317,757  551,583 
Maxcom Telecomunicaciones SAB de CV (I)  105,143  16,998 
Mexichem SAB de CV  302,054  1,051,175 
Minera Frisco SAB de CV, Class A1 (I)  1,533,145  5,998,947 
Organizacion Soriana SAB de CV (I)  1,817,312  4,833,856 
Promotora y Operadora de Infraestructura SAB de CV (I)  2,766  10,890 
Qualitas Compania de Seguros SA de CV  364,900  363,624 
Sare Holding SAB de CV, Class B (I)  595,900  49,000 
TV Azteca SA de CV  119,754  72,269 
Urbi Desarrollos Urbanos SAB de CV (I)  883,860  758,200 
Wal-Mart de Mexico SAB de CV  1,940,633  4,652,045 
 
Netherlands 0.0%    461,023 
Cinema City International NV (I)  2,765  22,508 
Vimpelcom, Ltd., ADR (L)  59,500  438,515 

 

26 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Peru 0.1%    $1,475,639 
Compania de Minas Buenaventura SA, ADR  18,900  739,746 
Credicorp, Ltd., ADR  5,898  735,893 
 
Philippines 1.5%    28,841,882 
Aboitiz Equity Ventures, Inc.  497,800  593,442 
Aboitiz Power Corp.  650,700  527,762 
Alliance Global Group, Inc.  1,835,700  524,455 
Alsons Consolidated Resources, Inc.  629,000  18,934 
Atlas Consolidated Mining & Development (I)  664,800  271,597 
Ayala Corp.  67,840  687,298 
Ayala Land, Inc.  3,555,500  1,604,004 
Bank of the Philippine Islands  799,290  1,230,197 
BDO Unibank, Inc.  730,651  1,183,443 
Belle Corp. (I)  4,310,000  470,322 
Cebu Air, Inc. (I)  256,730  406,239 
China Banking Corp.  21,470  272,240 
Citiseconline.com, Inc.  10,000  5,375 
DMCI Holdings, Inc.  584,200  778,012 
Empire East Land Holdings, Inc. (I)  5,540,000  86,550 
Energy Development Corp. (I)  8,923,600  1,230,391 
Filinvest Development Corp.  498,212  46,513 
Filinvest Land, Inc.  16,089,750  466,132 
First Gen Corp. (I)  535,800  202,478 
First Philippine Holdings Corp.  356,370  587,606 
Globe Telecommunications, Inc.  28,465  738,106 
International Container Terminal Services, Inc.  648,840  1,146,186 
JG Summit Holdings, Inc.  69,400  52,596 
Jollibee Foods Corp.  310,630  752,370 
Lepanto Consolidated Mining, Class B (I)  6,536,000  198,106 
Lopez Holdings Corp.  3,321,500  448,745 
Manila Electric Company  70,950  366,129 
Manila Water Company, Inc.  401,700  227,788 
Megaworld Corp.  17,533,000  817,338 
Metro Pacific Investments Corp.  3,757,000  370,140 
Metropolitan Bank & Trust Company  556,349  1,146,670 
Pepsi-Cola Products Philippines, Inc. (I)  1,098,000  70,129 
Philippine Long Distance Telephone Company  19,105  1,026,036 
Philippine National Bank (I)  347,670  574,120 
Philippine Stock Exchange, Inc.  14,120  114,565 
Philodrill Corp.  105,830,000  104,443 
Philweb Corpphilweb Corp.  628,140  223,592 
Rizal Commercial Banking Corp.  420,900  416,858 
Robinsons Land Corp.  2,689,950  1,105,440 
San Miguel Corp.  218,024  585,440 
Security Bank Corp.  289,142  870,225 
Semirara Mining Corp.  130,410  688,722 
SM Development Corp.  893,335  126,129 
SM Investments Corp.  111,200  1,795,557 
SM Prime Holdings, Ltd.  2,200,750  644,228 
Union Bank of Philippines  313,910  684,372 
Universal Robina Corp.  1,120,400  1,671,536 
Vista Land & Lifescapes, Inc.  7,214,000  683,326 
 
Poland 1.5%    30,697,379 
Agora SA  59,188  171,723 
Alchemia SA (I)  27,210  38,495 
Amica SA (I)  2,604  32,448 

 

27 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Poland (continued)     
Amrest Holdings SE (I)  3,761  $70,518 
Asseco Poland SA  121,418  1,677,859 
ATM SA  1,309  2,409 
ATM Systems SA  1,309  646 
Bank Handlowy w Warszawie SA  37,157  761,288 
Bank Millennium SA (I)  848,855  816,757 
Bank Pekao SA (I)  43,915  1,747,791 
Bioton SA (I)  6,393,772  145,648 
Boryszew SA (I)  1,409,696  239,928 
BRE Bank SA (I)(L)  6,817  522,861 
Budimex SA  13,629  268,676 
CD Projekt Red SA (I)  169,799  222,240 
Ciech SA (I)  59,120  304,817 
City Interactive SA (I)  4,730  32,635 
Comarch SA (I)  2,909  49,366 
Cyfrowy Polsat SA (I)  59,924  230,282 
Dom Maklerski IDM SA (I)  306,873  165,250 
Emperia Holding SA  9,014  123,323 
Enea SA  63,684  287,859 
Eurocash SA  43,467  472,269 
Fabryki Mebli Forte SA  21,944  73,168 
Firma Oponiarska Debica SA  7,943  124,477 
Gant Development SA (I)  12,350  25,363 
Get Bank SA  286,720  125,315 
Getin Holding SA (I)  97,961  49,113 
Grupa Kety SA  19,894  675,906 
Grupa Lotos SA (I)  95,939  634,415 
Hawe SA (I)  95,254  121,497 
Impexmetal SA  86,653  86,313 
ING Bank Slaski SA  21,963  480,414 
Inter Cars SA (I)  500  13,846 
KGHM Polska Miedz SA  54,773  1,999,901 
Kopex SA (I)  55,318  265,399 
Kredyt Bank SA (I)  62,243  225,888 
LC Corp. SA (I)  368,248  143,395 
LPP SA  368  301,430 
Lubelski Wegiel Bogdanka SA  34,468  1,139,288 
MCI Management SA (I)  26,839  34,388 
MNI SAMNI SA (I)  38,291  21,260 
Netia SA (I)  413,108  676,325 
NG2 SA  4,994  75,196 
Orbis SA (I)  58,726  665,880 
Pekaes SA (I)  6,381  9,504 
Pfleiderer Grajewo SA (I)  6,153  20,919 
Pol-Aqua SA (I)  4,966  8,200 
Polimex-Mostostal SA  505,319  171,431 
Polnord SA  21,527  74,353 
Polska Grupa Energetyczna SA  422,032  2,207,212 
Polska Grupa Farmaceutyczna SA  8,974  63,297 
Polski Koncern Naftowy Orlen SA (I)  349,403  3,299,627 
Polskie Gornictwo Naftowe i Gazownictwo SA  458,196  498,705 
Powszechna Kasa Oszczednosci Bank Polski SA  224,419  2,026,710 
Powszechny Zaklad Ubezpieczen SA  20,858  1,746,078 
PZ Cormay SA (I)  23,416  64,150 
Rafako SA  15,011  28,829 
Sygnity SA (I)  20,419  117,502 
Synthos SA  1,196,858  1,821,384 

 

28 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Poland (continued)     
Telekomunikacja Polska SA  203,357  $921,494 
TVN SA  277,201  626,841 
Warsaw Stock Exchange  23,797  255,511 
Zaklady Azotowe Pulawy SA  5,593  157,845 
Zaklady Azotowe w Tarnowie-Moscicach SA (I)  21,947  234,522 
 
Russia 3.1%    61,474,051 
Federal Hydrogenerating Company JSC, ADR (I)  105,291  248,392 
Gazprom Neft JSC, ADR  6,446  129,242 
Gazprom OAO, ADR (I)  105,912  929,907 
Gazprom OAO, ADR (London Exchange) (I)  3,242,642  28,692,048 
Lukoil OAO, ADR (I)  288,612  15,087,800 
Magnitogorsk Iron & Steel Works, GDR (I)  3,807  13,446 
Mechel, ADR (L)  150,712  800,281 
MMC Norilsk Nickel, ADR (I)  37,127  553,680 
Novolipetsk Steel OJSC, ADR  54,672  862,724 
Novorossiysk Commercial Sea Trade Port, GDR (I)  6,166  40,387 
PIK Group, GDR (I)  95,337  207,644 
Rosneft Oil Company, GDR (I)  545,114  3,376,441 
Sberbank of Russia, ADR  189,439  1,877,340 
Severstal OAO, GDR  73,602  804,470 
Surgutneftegas OJSC, ADR (I)  6,424  48,783 
Tatneft, ADR (I)  82,857  2,553,237 
Tatneft, ADR (U.S. Exchange) (I)  5,440  165,757 
TMK OAO, GDR  33,863  419,951 
TMK OAO, GDR (U.S. Exchange)  548  6,790 
Uralkali, ADR  95,223  3,318,612 
VTB Bank OJSC, GDR (I)  425,834  1,337,119 
 
South Africa 8.6%    170,234,097 
ABSA Group, Ltd.  282,472  5,010,465 
Adcock Ingram Holdings, Ltd.  172,266  1,159,415 
Adcorp Holdings, Ltd.  83,592  268,220 
Advtech, Ltd.  31,600  21,390 
Aeci, Ltd.  182,131  1,727,173 
Afgri, Ltd.  649,608  439,936 
African Bank Investments, Ltd. (L)  837,075  3,590,701 
African Oxygen, Ltd.  17,878  40,432 
African Rainbow Minerals, Ltd.  16,425  326,739 
Allied Electronics Corp., Ltd.  87,102  235,919 
Allied Technologies, Ltd. (I)  30,039  170,539 
Anglo Platinum, Ltd. (L)  25,205  1,420,770 
AngloGold Ashanti, Ltd.  20,379  735,985 
AngloGold Ashanti, Ltd., ADR (L)  114,805  4,139,868 
Argent Industrial, Ltd.  106,615  89,414 
Aspen Pharmacare Holdings, Ltd. (I)  129,279  1,794,213 
Assore, Ltd.  17,794  587,887 
Astral Foods, Ltd.  45,734  653,382 
Aveng, Ltd.  614,766  2,794,042 
AVI, Ltd.  239,038  1,377,557 
Avusa, Ltd.  77,052  188,665 
Barloworld, Ltd.  348,438  3,473,154 
Basil Read Holdings, Ltd. (I)  162,259  278,401 
Bell Equipment, Ltd. (I)  77,623  183,869 
Bidvest Group, Ltd.  142,435  3,012,749 
Blue Label Telecoms, Ltd.  174,483  124,395 
Business Connexion Group, Ltd.  125,086  67,356 

 

29 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
South Africa (continued)     
Cadiz Holdings, Ltd.  77,052  $16,388 
Capitec Bank Holdings, Ltd.  15,085  401,614 
Cashbuild, Ltd.  18,289  280,049 
Caxton & CTP Publishers & Printers, Ltd.  249,440  426,047 
Ceramic Industries, Ltd.  1,781  26,746 
Cipla Medpro South Africa, Ltd.  583,002  507,264 
City Lodge Hotels, Ltd.  28,557  268,133 
Clicks Group, Ltd.  257,017  1,418,854 
Coronation Fund Managers, Ltd.  306,662  953,197 
DataTec, Ltd.  306,784  1,559,916 
Discovery Holdings, Ltd.  203,456  1,196,822 
Distell Group, Ltd.  337  3,373 
Distribution And Warehousing Network, Ltd. (I)  10,512  8,410 
DRDGOLD, Ltd.  353,670  228,423 
Eoh Holdings, Ltd.  73,028  299,783 
Eqstra Holdings, Ltd.  292,995  248,019 
Esorfranki, Ltd. (I)  180,540  33,103 
Famous Brands, Ltd.  18,101  115,228 
FirstRand, Ltd.  1,075,761  3,275,226 
Gijima Group Ltd. (I)  297,567  15,137 
Gold Fields, Ltd., ADR  750,118  9,939,064 
Grindrod, Ltd.  669,704  1,136,471 
Group Five, Ltd.  169,328  480,639 
Growthpoint Properties, Ltd.  224,411  547,862 
Harmony Gold Mining Company, Ltd., ADR (L)  365,804  3,606,827 
Hudaco Industries, Ltd.  6,592  84,650 
Hulamin, Ltd. (I)  227,519  166,187 
Iliad Africa, Ltd.  267,897  166,569 
Illovo Sugar, Ltd.  39,294  124,870 
Impala Platinum Holdings, Ltd.  131,252  2,081,159 
Imperial Holdings, Ltd.  219,928  4,298,058 
Investec, Ltd.  243,736  1,267,670 
JD Group, Ltd.  286,505  1,513,721 
JSE, Ltd.  83,470  699,397 
Kap International Holdings, Ltd.  90,584  33,177 
Kumba Iron Ore, Ltd. (L)  26,457  1,645,879 
Kumba Resources, Ltd.  56,566  1,266,472 
Lewis Group, Ltd.  136,085  1,176,182 
Liberty Holdings, Ltd.  146,662  1,504,846 
Life Healthcare Group Holdings, Ltd.  365,050  1,256,360 
Massmart Holdings, Ltd.  47,178  911,485 
Medi-Clinic Corp., Ltd.  136,810  601,546 
Merafe Resources, Ltd. (I)  2,194,710  206,915 
Metair Investments, Ltd.  196,524  571,706 
Mittal Steel South Africa, Ltd.  240,520  1,489,242 
MMI Holdings, Ltd.  1,323,332  2,609,124 
Mondi Packaging South Africa, Ltd.  328,339  648,060 
Mondi, Ltd.  154,538  1,214,539 
Mr. Price Group, Ltd.  115,584  1,420,524 
MTN Group, Ltd.  529,196  8,410,646 
Murray & Roberts Holdings, Ltd. (I)  468,406  1,478,598 
Mustek, Ltd.  29,272  20,766 
Mvelaphanda Group, Ltd. (I)  907,534  355,439 
Mvelaserve, Ltd.  210,971  271,505 
Nampak, Ltd.  584,854  1,587,153 
Naspers, Ltd., ADR  131,613  6,981,301 
Nedbank Group, Ltd.  212,659  4,154,322 

 

30 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
South Africa (continued)     
Netcare, Ltd.  588,232  $1,054,374 
Northam Platinum, Ltd.  225,205  691,733 
Nu-World Holdings, Ltd.  9,429  21,545 
Omnia Holdings, Ltd.  82,665  968,931 
Palabora Mining Company, Ltd.  7,747  135,718 
Peregrine Holdings, Ltd.  219,538  299,939 
Petmin, Ltd.  283,328  100,414 
Pick'n Pay Stores, Ltd.  107,899  574,411 
Pinnacle Technology Holdings, Ltd.  121,163  218,304 
Pioneer Foods, Ltd.  27,355  187,416 
Pretoria Portland Cement Company, Ltd.  520,564  1,715,272 
PSG Group, Ltd.  176,627  1,199,429 
Raubex Group, Ltd.  172,178  282,088 
Resilient Property Income Fund, Ltd.  26,763  125,305 
Reunert, Ltd.  180,527  1,448,174 
Sanlam, Ltd.  1,777,252  7,032,659 
Santam, Ltd.  18,401  362,408 
Sappi, Ltd. (I)  717,635  2,336,237 
Sappi, Ltd., ADR (I)(L)  426,062  1,363,398 
Sasol, Ltd., ADR  45,624  1,938,108 
Sasol, Ltd.  159,659  6,821,415 
Sentula Mining, Ltd. (I)  708,459  171,331 
Shoprite Holdings, Ltd.  152,915  2,489,169 
Standard Bank Group, Ltd.  686,284  9,247,062 
Stefanutti Stocks Holdings, Ltd.  55,487  70,034 
Steinhoff International Holdings, Ltd. (I)(L)  1,112,161  3,408,760 
Sun International, Ltd.  52,058  505,985 
Super Group, Ltd. (I)  567,592  986,199 
Telkom SA, Ltd.  433,076  1,171,607 
The Foschini Group, Ltd.  100,861  1,414,651 
The Spar Group, Ltd.  85,736  1,109,960 
Tiger Brands, Ltd.  58,373  1,663,740 
Tiger Wheels, Ltd. (I)  14,267  0 
Trans Hex Group, Ltd. (I)  25,075  10,307 
Trencor, Ltd.  206,476  1,184,350 
Truworths International, Ltd.  199,603  1,938,199 
Tsogo Sun Holdings, Ltd.  77,615  172,472 
Value Group, Ltd.  263,348  166,860 
Village Main Reef, Ltd. (I)  369,855  68,384 
Vodacom Group, Ltd.  122,411  1,469,004 
Wilson Bayly Holmes-Ovcon, Ltd.  52,088  817,683 
Woolworths Holdings, Ltd.  351,568  2,023,080 
Zeder Investments, Ltd.  451,653  144,683 
 
South Korea 14.3%    283,988,255 
Aekyung Petrochemical Company, Ltd.  4,634  92,164 
Amorepacific Corp.  1,533  1,407,965 
Artone Paper Manufacturing Company, Ltd. (I)  1,734  2,679 
Asia Cement Company, Ltd.  3,390  125,719 
Asia Paper Manufacturing Company, Ltd.  2,000  15,826 
Asiana Airlines, Inc. (I)  14,070  75,865 
AUK Corp. (I)  19,570  38,759 
Binggrae Company, Ltd.  2,113  119,586 
BNG Steel Company, Ltd. (I)  15,790  145,536 
Boryung Pharmaceutical Company, Ltd.  3,102  32,585 
BS Financial Group, Inc.  249,440  2,447,592 
Bukwang Pharmaceutical Company, Ltd.  8,221  77,590 

 

31 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
South Korea (continued)     
Byucksan Engineering & Construction Company, Ltd. (I)  1,228  $3,616 
Capro Corp.  12,840  178,778 
Charm Engineering Company, Ltd.  19,130  35,675 
Cheil Industries, Inc.  20,752  1,708,673 
Cheil Worldwide, Inc.  48,550  741,056 
Chin Hung International, Inc. (I)  39,789  38,062 
Chokwang Leather Company, Ltd.  2,300  27,265 
Chong Kun Dang Pharm Corp.  14,520  171,531 
Choongwae Pharma Corp.  12,716  143,659 
Chosun Refractories Company, Ltd.  1,489  75,177 
CJ CGV Company, Ltd.  7,190  156,901 
CJ CheilJedang Corp.  9,225  2,625,522 
CJ Corp.  21,104  1,446,564 
CJ E&M Corp. (I)  8,060  193,782 
CJ Seafood Corp. (I)  15,980  30,884 
Cosmax, Inc.  2,500  49,515 
Crown Confectionery Company, Ltd.  442  67,769 
D.I. Corp (I)  8,700  10,551 
Dae Chang Industrial Company, Ltd. (I)  105,580  98,239 
Dae Dong Industrial Company, Ltd.  25,600  100,336 
Dae Han Flour Mills Company, Ltd.  1,767  157,892 
Dae Won Kang Up Company, Ltd.  35,279  162,646 
Dae-Il Corp.  20,210  107,513 
Daeduck Electronics Company, Ltd.  58,880  528,041 
Daeduck GDS Company, Ltd.  25,510  278,489 
Daehan Steel Company, Ltd.  20,010  114,512 
Daehan Synthetic Fiber Company, Ltd.  755  38,036 
Daekyo Company, Ltd.  44,920  218,385 
Daelim Industrial Company, Ltd.  32,759  2,760,954 
Daesang Corp.  29,130  452,580 
Daesang Holdings Company, Ltd.  20,610  75,809 
Daesung Group Holdings Company, Ltd.  1,019  34,455 
Daesung Holdings Company, Ltd.  6,326  32,881 
Daesung Industrial Company, Ltd. (I)  2,003  32,387 
Daewon Pharmaceutical Company, Ltd.  8,195  34,678 
Daewoo Engineering & Construction Company, Ltd. (I)  198,010  1,429,295 
Daewoo International Corp.  15,360  377,153 
Daewoo Securities Company, Ltd. (I)  47,782  411,919 
Daewoo Shipbuilding & Marine Engineering Company, Ltd.  75,405  1,740,835 
Daewoong Company, Ltd.  638  8,078 
Daewoong Pharmaceutical Company, Ltd.  2,090  37,087 
Daishin Securities Company, Ltd.  55,150  416,290 
Daiyang Metal Company, Ltd. (I)  6,490  3,298 
Daou Technology, Inc.  45,290  460,067 
Dayou Automotive Seat Technology Company, Ltd.  8,977  13,533 
DCM Corp.  5,310  42,572 
DGB Financial Group, Inc.  199,190  2,469,781 
Digital Power Communications Company, Ltd.  14,000  18,647 
Dong Ah Tire & Rubber Company, Ltd.  14,930  145,430 
Dong Wha Pharmaceutical Company, Ltd.  30,690  129,286 
Dong-A Pharmaceutical Company, Ltd.  3,999  242,173 
Dong-Il Corp.  2,233  88,804 
Dongaone Company, Ltd.  2,600  6,141 
Dongbang Transport Logistics Company, Ltd.  5,650  28,271 
Dongbu Corp. (I)  16,730  54,699 
Dongbu HiTek Company, Ltd. (I)  31,340  199,044 
Dongbu Insurance Company, Ltd.  16,954  678,123 

 

32 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
South Korea (continued)     
Dongbu Securities Company, Ltd.  37,619  $119,560 
Dongbu Steel Company, Ltd. (I)  41,073  156,086 
Dongil Industries Company, Ltd.  2,532  104,519 
Dongil Paper Manufacturing Company, Ltd.  13,000  16,846 
Dongil Rubber Belt Company, Ltd.  11,160  62,988 
Dongkuk Steel Mill Company, Ltd.  55,860  772,646 
Dongwon F&B Company, Ltd.  2,185  123,131 
Dongwon Industries Company, Ltd.  99  15,628 
Dongyang Engineering & Construction Corp. (I)  367  8,309 
Dongyang Mechatronics Corp.  15,540  179,447 
Doosan Heavy Industries and Construction Company, Ltd.  6,623  302,606 
Doosan Industrial Development Company, Ltd. (I)  35,338  90,638 
Doosan Infracore Company, Ltd. (I)  45,210  743,302 
DuzonBlzon Company, Ltd. (I)  10,250  60,174 
E-Mart Company, Ltd.  2,290  511,796 
E1 Corp.  1,222  48,653 
Eagon Industries Company, Ltd. (I)  480  2,121 
Eugene Investment & Securities Company, Ltd. (I)  76,132  180,990 
F&F Company, Ltd.  5,100  26,812 
FCB Twelve Company, Ltd. (I)  7,970  41,119 
Fila Korea, Ltd.  27  1,786 
Foosung Company, Ltd. (I)  25,490  118,240 
Fursys, Inc.  2,060  52,332 
Gaon Cable Company, Ltd.  2,496  46,247 
Global & Yuasa Battery Company, Ltd.  11,350  415,469 
Golden Bridge Investment & Securities Company, Ltd.  34,860  33,803 
Grand Korea Leisure Company, Ltd.  8,510  164,018 
Green Cross Corp.  2,488  267,192 
Green Cross Holdings Corp.  16,810  180,062 
GS Engineering & Construction Corp.  27,346  1,861,784 
GS Global Corp.  5,540  56,500 
GS Holdings Corp.  62,273  2,916,948 
Gwangju Shinsegae Company, Ltd.  981  181,071 
Hae In Corp.  3,286  10,954 
Halla Climate Control Corp.  19,860  336,236 
Halla Engineering & Construction Corp.  18,491  142,214 
Han Kuk Carbon Company, Ltd.  28,000  143,568 
Hana Financial Group, Inc.  213,980  6,735,222 
Hanall Biopharma Company, Ltd. (I)  14,770  83,067 
Handok Pharmaceuticals Company, Ltd.  1,000  9,388 
Handsome Company, Ltd.  30,148  779,926 
Hanil Cement Manufacturing Company, Ltd.  5,149  139,169 
Hanil Construction Company, Ltd. (I)  700  921 
Hanil E-Wha Company, Ltd.  17,760  133,261 
Hanjin Heavy Industries & Construction Company, Ltd. (I)  50,179  647,051 
Hanjin Heavy Industries & Construction Holdings Company, Ltd.  23,700  142,339 
Hanjin Shipping Company, Ltd. (I)  31,204  354,677 
Hanjin Transportation Company, Ltd.  12,430  186,153 
Hankook Cosmetics Manufacturing Company, Ltd. (I)  716  2,077 
Hankook Shell Oil Company, Ltd.  395  70,937 
Hankook Tire Company, Ltd.  44,340  1,782,891 
Hankuk Glass Industries, Inc.  1,820  34,772 
Hankuk Paper Manufacturing Company, Ltd.  5,180  81,973 
Hanmi Holdings Company, Ltd. (I)  20,665  64,942 
Hanmi Pharm Company, Ltd. (I)  1,462  63,197 
Hansae Yes24 Holdings Company, Ltd.  8,000  51,675 
Hanshin Construction Company, Ltd.  3,010  18,989 

 

33 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
South Korea (continued)     
Hansol CSN Company, Ltd.  62,840  $105,307 
Hansol Homedeco Company, Ltd. (I)  45,930  44,508 
Hansol LCD, Inc. (I)  3,570  41,958 
Hansol Paper Company  51,360  314,773 
Hanssem Company, Ltd.  5,740  85,431 
Hanwha Chemical Corp.  104,490  1,824,535 
Hanwha Corp.  12,280  292,343 
Hanwha General Insurance Company, Ltd. (I)  2,370  11,873 
Hanwha Securities Company, Ltd.  82,971  276,662 
Hanwha Timeworld Company, Ltd.  3,410  55,000 
Hanyang Securities Company, Ltd.  13,790  75,674 
Heung-A Shipping Company, Ltd.  51,105  33,941 
Heungkuk Fire & Marine Insurance Company, Ltd. (I)  3,370  13,895 
Hite Holdings Company, Ltd.  12,240  93,575 
HMC Investment Securities Company, Ltd.  21,160  226,336 
Honam Petrochemical Corp.  5,219  1,102,968 
Hotel Shilla Company, Ltd.  17,510  795,806 
HS R&A Company, Ltd.  5,860  65,173 
Huchems Fine Chemical Corp.  13,690  249,921 
Husteel Company, Ltd.  7,290  141,542 
Hwa Shin Company, Ltd.  8,700  72,996 
Hwacheon Machine Tool Company, Ltd.  730  28,767 
HwaSung Industrial Company, Ltd. (I)  3,530  8,601 
Hynix Semiconductor, Inc. (I)  164,430  3,211,985 
Hyosung Corp.  26,891  1,194,663 
Hyundai Cement Company, Ltd. (I)  2,370  12,213 
Hyundai Corp.  5,680  101,893 
Hyundai Department Store Company, Ltd.  6,913  848,585 
Hyundai Development Company  86,045  1,713,918 
Hyundai Elevator Company, Ltd.  5,134  356,765 
Hyundai Engineering & Construction Company, Ltd.  30,274  1,702,674 
Hyundai Engineering Plastics Company, Ltd.  14,370  63,951 
Hyundai Glovis Company, Ltd.  6,363  1,122,346 
Hyundai H & S Company, Ltd.  21,780  302,448 
Hyundai Heavy Industries Company, Ltd.  11,148  2,517,059 
Hyundai Home Shopping Network Corp.  3,377  344,418 
Hyundai Hysco Company, Ltd.  41,680  1,304,705 
Hyundai Marine & Fire Insurance Company, Ltd.  31,890  793,644 
Hyundai Merchant Marine Company, Ltd. (I)  20,550  435,929 
Hyundai Mipo Dockyard Company, Ltd.  14,146  1,411,303 
Hyundai Mobis  21,892  5,130,500 
Hyundai Motor Company, Ltd.  143,884  29,700,144 
Hyundai Pharmaceutical Industrial Company, Ltd.  9,400  10,540 
Hyundai Securities Company, Ltd.  177,537  1,223,698 
Hyundai Steel Company  48,430  3,468,768 
IHQ, Inc. (I)  14,690  32,702 
Il Dong Pharmaceutical Company, Ltd.  21,740  129,187 
Iljin Diamond Company, Ltd.  2,310  14,525 
Iljin Display Company, Ltd.  5,990  59,255 
Iljin Electric Company, Ltd.  33,420  118,210 
Iljin Holdings Company, Ltd.  23,248  35,108 
Ilshin Spinning Company, Ltd.  1,370  82,962 
Ilsung Pharmaceutical Company, Ltd.  1,682  105,352 
Ilyang Pharmaceutical Company, Ltd. (I)  6,860  138,684 
iMarketKorea, Inc.  8,940  143,778 
Industrial Bank of Korea  194,600  1,983,975 
Inzi Controls Company, Ltd.  6,490  35,268 

 

34 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
South Korea (continued)     
IS Dongseo Company, Ltd.  9,585  $86,250 
ISU Chemical Company, Ltd.  13,580  264,633 
Isupetasys Company, Ltd.  51,990  214,942 
Jahwa Electronics Company, Ltd.  18,810  163,092 
Jeil Mutual Savings Bank (I)  1,850  47 
Jeil Pharmaceutical Company  10,190  120,175 
Jeonbuk Bank, Ltd.  82,652  309,352 
Jinro, Ltd.  16,480  286,142 
Kangwon Land, Inc.  46,730  997,459 
KB Financial Group, Inc., ADR (L)  207,207  6,460,714 
KC Cottrell Company, Ltd.  520  5,967 
KC Tech Company, Ltd.  13,926  45,023 
KCC Corp.  4,990  1,250,216 
Keangnam Enterprises, Ltd.  16,288  92,571 
KEPCO Engineering & Construction Company, Inc.  3,794  234,055 
Kepco Plant Service & Engineering Company, Ltd.  4,600  174,310 
Keyang Electric Machinery Company, Ltd.  34,010  73,915 
Keystone Global (I)  5,440  18,649 
KG Chemical Corp.  8,530  59,701 
Kia Motors Corp.  77,842  5,282,181 
KISCO Corp.  7,076  129,718 
KISCO Holdings Company, Ltd.  1,771  51,505 
Kishin Corp.  12,176  49,485 
KISWIRE, Ltd.  7,312  205,947 
KIWOOM Securities Company, Ltd.  5,196  334,201 
Ko-one Energy Service  110  2,585 
Kolon Corp.  7,040  136,423 
Kolon Engineering & Construction Company, Ltd.  33,760  147,010 
Kolon Industries, Inc.  7,762  426,727 
Korea Airport Service Company, Ltd.  2,230  56,146 
Korea Cast Iron Pipe Industries Company, Ltd.  6,600  18,301 
Korea Circuit Company, Ltd. (I)  10,520  104,984 
Korea Electric Power Corp. (I)  21,120  401,662 
Korea Electric Power Corp., ADR (I)(L)  49,816  468,270 
Korea Electric Terminal Company, Ltd.  8,690  156,616 
Korea Exchange Bank  330,220  2,290,909 
Korea Express Company, Ltd. (I)  10,772  569,987 
Korea Flange Company, Ltd.  5,690  62,154 
Korea Gas Corp.  10,160  355,608 
Korea Green Paper Manufacturing Company, Ltd. (I)  2,524  2,679 
Korea Investment Holdings Company, Ltd.  57,117  1,938,144 
Korea Kolmar Company, Ltd.  9,830  91,910 
Korea Kumho Petrochemical Company, Ltd.  4,898  486,548 
Korea Life Insurance Company, Ltd.  40,710  210,075 
Korea Line Corp. (I)  4,543  37,681 
Korea Mutual Savings Bank (I)  1,019  1,964 
Korea Zinc Company, Ltd.  3,717  1,116,101 
Korean Air Lines Company, Ltd. (I)  8,921  341,309 
Korean Petrochemical Industrial Company, Ltd.  4,131  233,170 
Korean Reinsurance Company, Ltd.  37,332  363,825 
KP Chemical Corp.  25,230  309,296 
KPX Chemcial Company, Ltd.  2,618  103,652 
KT Corp.  15,990  377,201 
KT&G Corp.  40,474  2,695,778 
KTB Network Corp. (I)  86,060  145,220 
Kukdo Chemical Company, Ltd.  3,388  116,138 
Kumho Electric Company, Ltd.  6,620  97,748 

 

35 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
South Korea (continued)     
Kumho Industrial Company, Ltd. (I)  8,211  $43,790 
Kumho Investment Bank (I)  99,870  43,299 
Kumho Tire Company, Inc. (I)  18,300  202,863 
Kumkang Industrial Company, Ltd.  1,400  11,989 
Kunsul Chemical Industrial Company, Ltd.  3,660  45,674 
Kwang Dong Pharmaceutical Company, Ltd.  57,300  182,866 
Kwang Myung Electric Engineering Company, Ltd. (I)  19,020  42,888 
Kyeryong Construction Industrial Company, Ltd.  4,430  38,979 
Kyobo Securities Company, Ltd.  35,708  140,654 
Kyung Nong Corp.  2,260  5,703 
Kyung-In Synthetic Corp.  37,370  83,044 
Kyungbang, Ltd. (I)  948  70,212 
KyungDong City Gas Comopany, Ltd.  523  25,464 
LG Chem, Ltd.  14,019  3,449,510 
LG Corp.  24,972  1,161,806 
LG Display Company, Ltd., ADR (I)(L)  447,828  3,936,408 
LG Electronics, Inc.  64,143  3,585,753 
LG Fashion Corp. Ltd.  9,270  248,814 
LG Hausys, Ltd.  1,197  59,950 
LG Household & Health Care, Ltd.  3,454  1,707,906 
LG Innotek Company, Ltd. (I)  2,733  183,274 
LG International Corp.  3,019  98,071 
LG Life Sciences, Ltd. (I)  7,060  170,944 
LG Uplus Corp.  288,760  1,327,369 
LIG Non-Life Insurance Company, Ltd.  17,800  387,806 
Livart Furniture Company, Ltd.  4,180  20,099 
Lotte Chilsung Beverage Company, Ltd.  932  1,068,294 
Lotte Confectionery Company, Ltd.  1,081  1,422,913 
Lotte Midopa Company, Ltd.  34,850  405,548 
Lotte Samkang Company, Ltd.  1,240  561,953 
Lotte Shopping Company, Ltd.  10,033  2,672,557 
Lotte Tour Development Company, Ltd. (I)  2,160  19,035 
LS Cable, Ltd.  7,371  507,266 
LS Industrial Systems Company, Ltd.  7,223  340,437 
Macquarie Korea Infrastructure Fund  66,190  329,762 
Mando Corp.  6,900  940,051 
Manho Rope & Wire, Ltd.  1,400  17,451 
Meritz Fire & Marine Insurance Company, Ltd.  6,630  65,670 
Meritz Securities Company, Ltd.  255,563  158,515 
Mi Chang Oil Industrial Company, Ltd.  724  28,616 
Mirae Asset Securities Company, Ltd.  11,630  309,581 
Moorim P&P Company, Ltd.  28,480  100,733 
Moorim Paper Company, Ltd.  42,600  91,466 
Motonic Corp.  17,805  104,716 
Namhae Chemical Corp.  12,020  87,911 
Namyang Dairy Products Company, Ltd.  801  443,202 
National Information & Credit Evaluation, Inc.  297  12,319 
NCSoft Corp.  7,423  1,505,988 
Nexen Corp.  6,790  350,967 
NH Investment & Securities Company, Ltd.  37,537  162,437 
NHN Corp.  15,151  3,111,552 
Nice Information Service Company, Ltd. (I)  1,885  7,546 
NK Company, Ltd.  16,960  58,459 
Nong Shim Company, Ltd.  5,080  905,965 
Nong Shim Holdings Company, Ltd.  2,723  118,502 
OCI Company, Ltd.  7,159  1,231,946 
Orion Corp.  1,706  1,389,959 

 

36 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
South Korea (continued)     
Ottogi Corp.  2,165  $297,022 
Pacific Corp.  4,824  1,248,462 
Pang Rim Company, Ltd.  950  9,408 
PaperCorea, Inc. (I)  99,660  79,877 
Poonglim Industrial Company, Ltd. (I)  5,520  514 
Poongsan Corp.  27,049  584,317 
Poongsan Holdings Corp.  4,780  84,729 
POSCO  4,550  1,389,064 
POSCO Coated & Color Steel Company, Ltd.  4,270  59,660 
POSCO, ADR (L)  54,889  4,156,744 
Pulmuone Company, Ltd.  1,122  34,426 
Pusan City Gas Company, Ltd.  8,930  136,767 
RNL BIO Company, Ltd. (I)  45,600  143,389 
S&T Corp. (I)  1,630  27,184 
S&T Daewoo Company, Ltd.  8,720  152,034 
S&T Dynamics Company, Ltd.  29,369  303,201 
S&T Holdings Company, Ltd.  10,110  89,354 
S-Oil Corp.  14,457  1,133,060 
S1 Corp.  9,097  435,356 
Saehan Media Company, Ltd. (I)  6,266  27,580 
Saeron Automotive Corp.  10,870  42,512 
Sajo Industries Company, Ltd.  1,057  45,372 
Sajodaerim Corp.  1,400  17,783 
Sam Lip General Foods Company, Ltd.  3,850  50,837 
Sam Young Electronics Company, Ltd.  17,300  119,385 
Sam Yung Trading Company, Ltd.  4,805  24,038 
Sambu Construction Company, Ltd. (I)  7,139  31,619 
Samchully Company, Ltd.  932  70,991 
Samick Musical Instruments Company, Ltd.  59,990  66,420 
Samick THK Company, Ltd.  7,060  35,684 
Samjin Pharmaceutical Company, Ltd.  14,550  106,762 
SamkwangGlass Company, Ltd.  1,080  49,749 
Samsung C&T Corp.  132,369  7,615,111 
Samsung Electro-Mechanics Company, Ltd.  28,815  2,485,977 
Samsung Electronics Company, Ltd.  30,704  31,455,314 
Samsung Electronics Company, Ltd., GDR  2,125  1,096,891 
Samsung Engineering Company, Ltd.  9,766  1,553,192 
Samsung Fine Chemicals Company, Ltd.  1,544  71,859 
Samsung Fire & Marine Insurance Company, Ltd.  12,895  2,298,702 
Samsung Heavy Industries Company, Ltd.  61,710  1,906,677 
Samsung Life Insurance Company, Ltd.  8,056  665,788 
Samsung SDI Company, Ltd.  41,708  5,400,301 
Samsung Securities Company, Ltd.  23,973  1,021,629 
Samsung Techwin Company, Ltd.  16,646  1,049,335 
Samwhan Corp. (I)  130  435 
Samyang Corp.  4,589  196,916 
Samyang Foods Company, Ltd.  2,320  42,210 
Samyang Genex Company, Ltd.  2,734  113,775 
Samyang Holdings Corp.  4,930  219,159 
Samyang Tongsang Company, Ltd.  690  12,079 
Samyoung Chemical Company, Ltd.  15,900  45,600 
SAVEZONE I&C Corp.  16,880  36,492 
SBS Media Holdings Company, Ltd.  66,090  216,083 
Seah Besteel Corp.  18,210  609,218 
SeAH Holdings Corp.  1,354  115,552 
SeAH Steel Corp.  2,658  213,743 
Sebang Company, Ltd.  14,980  187,210 

 

37 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
South Korea (continued)     
Sejong Industrial Company, Ltd.  8,680  $95,048 
Seoul City Gas Company, Ltd.  130  4,888 
Seowon Company, Ltd.  23,820  56,817 
Sewon Cellontech Company, Ltd. (I)  7,760  21,317 
SG Corp. (I)  48,000  16,830 
SH Chemical Company, Ltd. (I)  31,743  16,716 
Shin Poong Pharmaceutical Company, Ltd.  20,134  66,464 
Shinhan Financial Group Company, Ltd., ADR (L)  142,226  9,162,199 
Shinhan Financial Group Company, Ltd.  80,650  2,589,492 
Shinsegae Company, Ltd.  8  1,557 
Shinsegae Engineering & Construction Company, Ltd.  1,110  13,902 
Shinsegae Information & Communication Company, Ltd.  484  19,929 
Shinsung Solar Energy Company, Ltd. (I)  12,710  34,078 
Shinwon Corp. (I)  43,430  41,521 
Shinyoung Securities Company, Ltd.  7,920  191,380 
Silla Company, Ltd.  11,237  135,621 
Sindoh Company, Ltd.  5,692  269,016 
SJM Company, Ltd.  6,871  39,940 
SJM Holdings Company, Ltd.  2,764  8,114 
SK C&C Company, Ltd.  7,193  571,086 
SK Chemicals Company, Ltd.  1,538  67,563 
SK Gas Company, Ltd.  4,539  226,666 
SK Holdings Company, Ltd.  27,610  2,859,487 
SK Innovation Company, Ltd.  19,256  2,279,295 
SK Networks Company, Ltd.  171,660  1,226,002 
SK Telecom Company, Ltd.  4,853  492,389 
SKC Company, Ltd.  11,190  394,986 
SL Corp.  5,380  97,625 
Solomon Mutual Savings Bank (I)  3,600  3,462 
Songwon Industrial Company, Ltd.  5,360  35,876 
Ssangyong Cement Industrial Company, Ltd. (I)  34,830  119,001 
STX Corp.  34,306  282,550 
STX Pan Ocean Company, Ltd.  154,020  569,140 
STX Shipbuilding Company, Ltd.  81,850  743,744 
Suheung Capsule Company, Ltd.  9,580  101,018 
Sung Bo Chemicals Company, Ltd.  410  8,846 
Sung Jin Geotec Company, Ltd. (I)  7,790  67,240 
Sungshin Cement Company, Ltd. (I)  5,760  15,544 
Sunjin Company, Ltd.  8,545  55,200 
Sunjin Holdings Company, Ltd. (I)  628  11,143 
Tae Kyung Industrial Company, Ltd.  14,930  38,515 
Taegu Department Store Company, Ltd.  12,550  146,474 
Taekwang Industrial Company, Ltd.  529  353,926 
Taeyoung Engineering & Construction, Ltd.  46,820  181,717 
Taihan Electric Wire Company, Ltd. (I)  156,150  355,661 
Tailim Packaging Industrial Company, Ltd.  59,700  68,551 
Tec & Company (I)  57,230  6,923 
Telcoware Company, Ltd.  863  5,406 
The Basic House Company, Ltd. (I)  5,150  51,879 
Tong Yang Investment Bank  128,580  439,966 
Tong Yang Life Insurance  12,740  98,347 
Tong Yang Major Corp. (I)  118,287  78,424 
Tong Yang Moolsan Company, Ltd.  1,500  26,211 
Trybrands, Inc. (I)  30,360  25,224 
TS Corp.  7,222  125,379 
Uangel Corp.  7,990  33,734 
Unid Company, Ltd.  3,957  119,642 

 

38 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
South Korea (continued)     
Union Steel  4,420  $43,728 
Visang Education, Inc.  397  2,204 
Wiscom Company, Ltd.  3,680  13,014 
Woongjin Chemical Company, Ltd. (I)  88,800  58,170 
Woongjin Coway Company, Ltd.  28,680  857,588 
Woongjin Holdings Company, Ltd. (I)  27,240  118,063 
Woongjin Thinkbig Company, Ltd.  8,640  72,262 
Woori Finance Holdings Company, Ltd.  355,510  3,293,749 
Woori Finance Holdings Company, Ltd., ADR (L)  7,867  220,905 
Woori Financial Company, Ltd.  10,350  137,955 
Woori Investment & Securities Company, Ltd.  192,379  1,723,368 
YESCO Company, Ltd.  1,480  31,560 
Yoosung Enterprise Company, Ltd.  10,176  25,541 
Youlchon Chemical Company, Ltd.  21,790  143,048 
Young Poong Corp.  528  358,781 
Youngone Corp.  18,824  477,335 
Youngone Holdings Company, Ltd.  6,286  307,569 
Yuhan Corp.  3,761  367,656 
YuHwa Securities Company, Ltd.  3,240  34,731 
Yungjin Pharmaceutical Company, Ltd. (I)  46,320  60,919 
 
Taiwan 12.6%    249,345,619 
Ability Enterprise Company, Ltd.  114,000  107,631 
AcBel Polytech, Inc.  356,000  198,347 
Accton Technology Corp.  662,796  388,189 
Ace Pillar Company, Ltd.  38,400  60,545 
Acer, Inc.  658,000  672,731 
Achem Technology Corp.  228,050  111,355 
Action Electronics Company, Ltd.  439,640  122,918 
Adlink Technology, Inc.  61,200  74,231 
Advanced Semiconductor Engineering, Inc.  790,000  746,997 
Advanced Semiconductor Engineering, Inc., ADR (L)  215,815  999,223 
Advancetek Enterprise Company, Ltd.  70,440  63,534 
Advantech Company, Ltd.  142,300  485,910 
AGV Products Corp. (I)  545,829  182,515 
Ali Corp.  174,000  202,619 
Allis Electric Company, Ltd.  154,000  42,492 
Alpha Networks, Inc.  440,000  349,819 
Altek Corp.  360,702  258,743 
AMPOC Far-East Company, Ltd.  132,000  114,592 
AmTRAN Technology Company, Ltd.  1,105,775  902,951 
APCB, Inc.  143,000  96,703 
Apex Biotechnology Corp.  54,000  134,808 
Apex Medical Corp.  24,000  25,227 
Apex Science & Engineering  206,265  75,797 
Arima Communication Corp. (I)  523,000  305,225 
Arima Optoelectronics Corp. (I)  74,100  14,797 
Asia Cement Corp.  3,548,465  4,235,936 
Asia Optical Company, Inc. (I)  274,710  245,948 
Asia Polymer Corp.  505,500  525,533 
ASROCK, Inc.  28,000  105,645 
Asustek Computer, Inc.  447,528  4,478,011 
Aten International Company, Ltd.  53,000  99,742 
AU Optronics Corp., ADR (L)  812,167  3,240,546 
Audix Corp.  173,200  146,433 
Aurora Corp.  58,000  95,450 
Aurora Systems Corp.  133,000  171,463 

 

39 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Taiwan (continued)     
AV Tech Corp.  17,000  $55,162 
Avision, Inc.  277,916  90,711 
Awea Mechantronic Company, Ltd.  6,300  6,073 
Bank of Kaohsiung, Ltd.  629,618  177,951 
Basso Industry Corp. (I)  23,000  16,339 
BES Engineering Corp.  2,097,200  480,633 
Biostar Microtech International Corp.  227,000  112,869 
Bright LED Electronics Corp.  49,000  33,246 
C Sun Manufacturing, Ltd.  175,729  129,369 
Cameo Communications, Inc.  350,955  83,959 
Capital Securities Corp.  2,487,371  818,355 
Career Technology MFG. Company, Ltd.  188,000  287,422 
Carnival Industrial Corp. (I)  512,000  173,087 
Catcher Technology Company, Ltd.  258,000  1,635,146 
Cathay Chemical Works, Inc.  106,000  40,110 
Cathay Financial Holdings Company, Ltd.  1,889,260  1,849,696 
Cathay Real Estate Development Company, Ltd.  1,105,000  486,345 
Central Reinsurance Company, Ltd.  214,535  83,692 
Chain Qui Development Company, Ltd.  141,000  98,442 
Champion Building Materials Company, Ltd.  512,852  193,430 
Chang Hwa Commercial Bank, Ltd.  4,122,380  2,138,688 
Chang Wah Electromaterials, Inc.  15,150  35,880 
Charoen Pokphand Enterprise  300,000  135,141 
Cheng Loong Corp.  1,367,480  514,172 
Cheng Shin Rubber Industry Company, Ltd.  614,059  1,480,164 
Cheng UEI Precision Industry Company, Ltd.  666,673  1,392,557 
Chenming Mold Industrial Corp.  63,000  50,149 
Chia Hsin Cement Corp.  679,699  300,487 
Chicony Electronics Company, Ltd.  302,630  574,321 
Chien Kuo Construction Company, Ltd.  425,872  189,636 
Chien Shing Stainless Steel Company, Ltd. (I)  254,000  31,881 
Chimei Innolux Corp. (I)  5,335,758  2,240,715 
Chin-Poon Industrial Company, Ltd.  539,642  485,964 
China Airlines, Ltd.  803,820  323,014 
China Chemical & Pharmaceutical Company, Ltd.  84,000  49,341 
China Development Financial Holdings Corp.  9,119,331  2,289,092 
China Ecotek Corp.  33,000  70,426 
China Electric Manufacturing Corp.  147,000  100,410 
China General Plastics Corp. (I)  335,000  102,127 
China Hi-ment Corp.  48,000  75,005 
China Life Insurance Company, Ltd.  1,010,160  927,793 
China Manmade Fibers Corp. (I)  1,563,000  482,524 
China Metal Products Company, Ltd.  359,947  222,407 
China Motor Company, Ltd.  711,905  633,799 
China Petrochemical Development Corp.  3,306,358  2,772,379 
China Steel Chemical Corp.  96,000  432,347 
China Steel Corp.  3,916,000  3,672,495 
China Steel Structure Company, Ltd.  204,000  204,560 
China Synthetic Rubber Corp.  672,937  653,501 
China Wire & Cable Company, Ltd. (I)  338,000  87,824 
Chinatrust Financial Holding Company, Ltd.  4,006,174  2,232,716 
Ching Feng Home Fashions Company, Ltd. (I)  4,319  891 
Chong Hong Construction Company  97,400  186,732 
Chroma ATE, Inc.  188,440  422,017 
Chun Yu Works & Company, Ltd. (I)  360,000  110,036 
Chun Yuan Steel Industrial Company, Ltd.  634,688  260,453 
Chung Hsin Electric & Machinery Manufacturing Corp.  623,000  354,691 

 

40 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Taiwan (continued)     
Chung Hung Steel Corp.  1,284,226  $359,130 
Chung Hwa Pulp Corp.  580,290  180,063 
Chunghwa Picture Tubes, Ltd. (I)  5,416,320  180,224 
Chunghwa Telecom Company, Ltd., ADR (L)  67,506  2,014,379 
Chuwa Wool Industry Company, Ltd.  99,000  48,240 
Chyang Sheng Dyeing & Finishing Company, Ltd. (I)  70,000  23,525 
Clevo Company  267,000  382,551 
CMC Magnetics Corp. (I)  4,049,000  650,479 
Collins Company, Ltd.  223,797  106,816 
Compal Communications, Inc.  315,000  383,656 
Compal Electronics, Inc.  2,212,895  2,281,361 
Compeq Manufactuing Company (I)  1,408,000  558,176 
Continental Holdings Corp.  539,000  194,024 
Cosmo Electronics Corp. (I)  24,000  19,567 
Coxon Precise Industrial Company, Ltd.  152,231  205,752 
CSBC Corp. Taiwan  37,197  29,193 
CTCI Corp.  234,000  477,194 
CviLux Corp.  25,000  35,271 
Cyberlink Corp.  34,402  98,027 
Cybertan Technology, Inc.  119,000  98,766 
D-Link Corp.  947,627  633,060 
Da Cin Construction Company, Ltd.  228,000  145,446 
Dah Fung CATV Company, Ltd.  14,000  26,954 
Darfon Electronics Corp.  351,950  254,340 
De Licacy Industrial Company  150,000  40,228 
Delpha Construction Company, Ltd.  323,905  90,822 
Delta Electronics, Inc.  545,000  1,517,909 
Depo Auto Parts Industrial Company, Ltd.  58,000  122,818 
DFI, Inc.  62,000  45,892 
Dynamic Electronics Company, Ltd.  369,685  115,453 
E-lead Electronic Company, Ltd. (I)  19,000  20,925 
E-life Mall Corp.  44,000  94,292 
E.Sun Financial Holding Company, Ltd.  4,814,703  2,417,559 
Eastern Media International Corp. (I)  1,374,053  133,695 
Eclat Textile Company, Ltd.  193,327  451,321 
Edom Technology Company, Ltd.  220,000  66,654 
Elan Microelectronics Corp.  214,000  278,428 
Elite Advanced Laser Corp.  50,000  63,803 
Elite Material Company  102,000  95,225 
Elite Semiconductor Memory Technology, Inc.  73,000  58,884 
Elitegroup Computer Systems Company, Ltd. (I)  975,576  351,101 
Enlight Corp. (I)  49,439  3,441 
Entie Commercial Bank  360,000  145,185 
Epistar Corp.  76,000  168,079 
Eternal Chemical Company, Ltd.  297,644  220,941 
EVA Airways Corp.  574,160  341,523 
Everest Textile Company, Ltd. (I)  272,000  78,948 
Evergreen International Storage & Transport Corp.  765,320  389,413 
Evergreen Marine Corp.  1,770,886  868,434 
Everlight Chemical Industrial Corp.  72,000  45,684 
Everlight Electronics Company, Ltd.  187,000  326,660 
Everspring Industry Company, Ltd. (I)  277,000  75,838 
Evertop Wire Cable Corp. (I)  46,275  6,069 
Excel Cell Electronic Company, Ltd.  103,000  39,315 
Excelsior Medical Company, Ltd.  12,000  23,547 
Far Eastern Department Stores Company, Ltd.  652,746  607,381 
Far Eastern International Bank  1,889,909  705,405 

 

41 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Taiwan (continued)     
Far Eastern New Century Corp.  938,290  $948,878 
Far EasTone Telecommunications Company, Ltd.  636,000  1,414,259 
Faraday Technology Corp.  194,586  244,167 
Farglory F T Z Investment Holding Company, Ltd. (I)  15,000  8,036 
Farglory Land Development Company, Ltd.  82,000  132,438 
Federal Corp.  502,741  249,982 
Feng Hsin Iron & Steel Company, Ltd.  181,000  314,006 
Feng Tay Enterprise Company, Ltd.  106,000  98,698 
First Copper Technology Company, Ltd.  408,000  99,709 
First Financial Holding Company, Ltd.  6,036,391  3,525,949 
First Hotel  44,523  28,020 
First Insurance Company, Ltd.  313,165  130,862 
First Steamship Company, Ltd.  60,000  81,026 
Flexium Interconnect, Inc.  90,229  352,976 
Flytech Technology Company, Ltd.  43,298  102,097 
Forhouse Corp.  575,894  301,575 
Formosa Advanced Technologies Company, Ltd.  42,000  37,683 
Formosa Chemicals & Fibre Corp.  856,000  2,264,047 
Formosa International Hotels Corp.  22,700  262,501 
Formosa Oilseed Processing  193,874  84,411 
Formosa Petrochemical Corp.  358,000  975,084 
Formosa Plastics Corp.  1,051,000  2,748,409 
Formosa Taffeta Company, Ltd.  939,000  848,599 
Formosan Rubber Group, Inc.  612,000  399,520 
Formosan Union Chemical  484,158  345,701 
Founding Construction & Development Company, Ltd.  217,310  128,655 
Foxconn Technology Company, Ltd.  149,100  536,188 
Froch Enterprise Company, Ltd. (I)  292,000  97,631 
FSP Technology, Inc.  314,224  298,035 
FU I Industrial Company, Ltd.  134,298  63,310 
Fubon Financial Holding Company, Ltd.  1,116,000  1,107,587 
Fullerton Technology Company, Ltd.  156,819  150,978 
Fwusow Industry Company, Ltd.  335,638  170,236 
G Shank Enterprise Company, Ltd.  226,000  111,856 
Gem Terminal Industrial Company, Ltd.  47,500  21,473 
Gemtek Technology Corp.  17,496  14,930 
Genesis Photonics, Inc. (I)  140,847  143,101 
Genius Electronic Optical Company, Ltd.  24,000  189,012 
Geovision, Inc.  26,697  96,683 
Getac Technology Corp.  623,000  498,818 
Giant Manufacturing Company, Ltd.  146,000  685,019 
Giantplus Technology Company, Ltd. (I)  345,000  102,533 
Gigabyte Technology Company, Ltd.  789,719  691,457 
Gigastorage Corp.  137,100  116,272 
Global Brands Manufacture, Ltd.  299,154  133,313 
Global Mixed Mode Technology, Inc.  32,000  95,871 
Global Unichip Corp.  43,000  164,074 
Gold Circuit Electronics, Ltd.  616,071  138,849 
Goldsun Development & Construction Company, Ltd.  1,820,005  626,330 
Gordon Auto Body Parts Company, Ltd. (I)  134,184  25,340 
Grand Pacific Petrochemical Corp.  1,174,000  478,443 
Grape King Industrial Company  72,000  126,076 
Great China Metal Industry Company, Ltd.  303,000  340,126 
Great Taipei Gas Company, Ltd.  40,000  25,385 
Great Wall Enterprise Company, Ltd.  498,128  477,229 
GTM Corp.  222,000  91,964 
Hannstar Board Corp. (I)  264,467  133,234 

 

42 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Taiwan (continued)     
HannStar Display Corp. (I)  8,104,000  $691,563 
Hey Song Corp.  927,000  1,131,471 
Highwealth Construction Corp.  256,000  411,350 
Hiti Digital, Inc.  46,118  28,575 
Hitron Technology, Inc.  167,000  95,028 
Hiwin Technologies Corp.  58,660  586,778 
Ho Tung Chemical Corp. (I)  999,265  571,981 
Hocheng Group Corp. (I)  313,000  82,795 
Hold-Key Electric Wire & Cable Company, Ltd.  228,119  76,206 
Holiday Entertainment Company, Ltd.  48,000  81,337 
Holtek Semiconductor, Inc.  101,000  114,633 
Holystone Enterprise Company, Ltd.  332,478  301,719 
Hon Hai Precision Industry Company, Ltd.  2,572,600  7,507,675 
Hong Ho Precision Textile Company (I)  39,000  16,329 
Hong TAI Electric Industrial Company, Ltd.  309,000  100,330 
Hong YI Fiber Industry Company  99,680  29,841 
Hota Industrial Manufacturing Company, Ltd. (I)  95,000  48,654 
Hotai Motor Company, Ltd.  128,000  834,988 
Hsin Kuang Steel Company, Ltd.  326,153  219,489 
Hsing TA Cement Company, Ltd.  227,000  79,459 
HTC Corp.  187,700  2,696,550 
Hua Eng Wire & Cable Company, Ltd.  732,000  197,503 
Hua Nan Financial Holdings Company, Ltd.  4,405,326  2,418,727 
Huaku Development Company, Ltd.  128,209  297,520 
Huang Hsiang Construction Company  73,000  153,596 
Hung Ching Development Company, Ltd.  203,000  73,035 
Hung Poo Real Estate Development Corp.  80,000  64,352 
Hung Sheng Construction Company, Ltd.  813,008  405,728 
Hwa Fong Rubber Company, Ltd. (I)  451,770  77,367 
I-Chiun Precision Industry Company, Ltd.  33,000  24,401 
I-Sheng Electric Wire & Cable Company, Ltd.  22,000  31,825 
Ichia Technologies, Inc. (I)  512,300  270,830 
ICP Electronics, Inc.  54,000  74,488 
Infortrend Technology, Inc.  148,000  108,494 
Inotera Memories, Inc. (I)  2,860,165  730,147 
Inventec Company, Ltd.  2,945,609  978,996 
ITE Technology, Inc.  11,000  9,273 
Iteq Corpiteq Corp.  144,000  151,303 
Jenn Feng New Energy Company, Ltd. (I)  47,000  19,278 
Jess-Link Products Company, Ltd. (I)  63,000  56,917 
Johnson Health Tech Company, Ltd.  41,650  84,521 
Jui Li Enterprise Company, Ltd.  35,950  8,930 
Kang Na Hsiung Enterprise Company, Ltd.  168,000  72,988 
Kaulin Manufacturing Company, Ltd.  124,490  96,969 
KEE TAI Properties Company, Ltd.  624,973  327,439 
Kenda Rubber Industrial Company, Ltd.  242,354  281,897 
Kerry TJ Logistics Company, Ltd.  202,000  224,008 
Kian Shen Corp.  9,000  13,723 
Kindom Construction Company, Ltd.  393,000  235,324 
King Slide Works Company, Ltd.  27,000  154,559 
King Yuan Electronics Company, Ltd.  1,749,762  820,059 
King's Town Bank (I)  1,035,000  599,284 
King's Town Construction Company, Ltd.  24,000  21,696 
Kinik Company  59,000  85,613 
Kinko Optical Company, Ltd.  66,648  100,372 
Kinpo Electronics, Inc.  1,763,724  397,891 
Kinsus Interconnect Technology Corp.  161,000  466,117 

 

43 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Taiwan (continued)     
Kung Long Batteries Industrial Company, Ltd.  29,000  $43,622 
Kuoyang Construction Company, Ltd. (I)  32,000  12,767 
Kwong Fong Industries Corp.  394,100  177,477 
KYE System Corp.  112,000  38,126 
L&K Engineering Company, Ltd.  205,952  224,585 
Lan Fa Textile Company, Ltd.  348,183  102,392 
Largan Precision Company, Ltd.  44,000  830,392 
LCY Chemical Corp.  221,881  347,613 
Lead Data, Inc. (I)  358,173  28,443 
Leader Electronics, Inc.  181,867  69,756 
Leadtrend Technology Corp.  23,599  39,890 
Lealea Enterprise Company, Ltd.  994,941  385,180 
Ledtech Electronics Corp.  6,236  2,946 
LEE CHI Enterprises Company, Ltd.  287,000  118,623 
Lelon Electronics Corp.  162,000  74,040 
Leofoo Development Company, Ltd. (I)  411,012  228,385 
LES Enphants Company, Ltd.  97,160  89,247 
Li Peng Enterprise Company, Ltd.  638,950  184,433 
Lian Hwa Food Corp.  141,110  165,218 
Lien Hwa Industrial Corp.  715,784  423,106 
Lingsen Precision Industries, Ltd.  438,101  249,807 
LITE-On It Corp.  601,271  572,010 
Lite-On Semiconductor Corp.  463,080  248,729 
Lite-On Technology Corp.  2,145,167  2,743,213 
Long Bon International Company, Ltd.  530,000  225,685 
Long Chen Paper Company, Ltd.  589,476  156,704 
Lotes Company, Ltd.  9,000  22,049 
Lucky Cement Corp. (I)  272,000  54,912 
Lumax International Corp., Ltd.  59,450  131,477 
Macronix International Company, Ltd.  4,239,694  1,221,975 
Makalot Industrial Company, Ltd.  78,000  223,424 
Marketech International Corp.  207,000  140,283 
Masterlink Securities Corp.  1,615,780  485,300 
Maxtek Technology Company, Ltd.  55,000  45,097 
Mayer Steel Pipe Corp.  250,407  95,560 
Maywufa Company, Ltd.  18,000  7,925 
MediaTek, Inc.  227,000  2,005,986 
Mega Financial Holding Company, Ltd.  4,854,920  3,371,384 
Meiloon Industrial Company, Ltd.  285,231  78,412 
Mercuries & Associates, Ltd.  532,006  393,813 
Mercuries Data Systems, Ltd. (I)  163,000  57,576 
Merida Industry Company, Ltd.  102,000  368,750 
Merry Electronics Company, Ltd.  38,000  63,437 
Micro-Star International Company, Ltd.  1,191,488  566,549 
Microelectronics Technology, Inc. (I)  647,000  199,778 
MIN AIK Technology Company, Ltd.  93,000  225,742 
Mirle Automation Corp.  24,000  17,175 
Mitac International Corp.  1,695,466  562,371 
Mobiletron Electronics Company, Ltd. (I)  67,000  40,267 
Mosel Vitelic, Inc. (I)  1,060,109  124,501 
Mustek Systems, Inc. (I)  40,151  2,370 
Nak Sealing Technologies Corp.  41,000  69,376 
Namchow Chemical Industrial Company, Ltd.  100,000  94,231 
Nan Kang Rubber Tire Company, Ltd.  287,943  397,118 
Nan Ya Plastics Corp.  1,343,000  2,355,776 
Nan Ya Printed Circuit Board Corp.  70,930  115,741 
Nantex Industry Company, Ltd.  310,071  264,791 

 

44 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Taiwan (continued)     
National Petroleum Company, Ltd.  90,000  $100,142 
New Asia Construction & Development Corp.  266,112  76,353 
Nichidenbo Corp.  9,000  8,187 
Nien Hsing Textile Company, Ltd.  430,205  273,755 
Novatek Microelectronics Corp., Ltd.  225,000  667,137 
Ocean Plastics Company, Ltd. (I)  29,000  21,008 
Optimax Technology Corp. (I)  170,816  7,955 
Opto Technology Corp.  223,000  95,126 
Orient Semiconductor Electronics, Ltd. (I)  720,000  98,287 
Oriental Union Chemical Corp.  226,000  268,634 
Orise Technology Company, Ltd.  24,000  26,402 
Pacific Construction Company, Ltd. (I)  145,368  43,465 
Pan-International Industrial  174,500  171,937 
Paragon Technologies Company, Ltd.  96,000  91,919 
Pegatron Corp.  987,321  1,369,798 
Phihong Technology Company, Ltd.  155,416  162,117 
Phytohealth Corp. (I)  74,000  103,592 
Pihsiang Machinery Manufacturing Company, Ltd. (I)  101,000  109,233 
Plotech Company, Ltd.  146,000  63,491 
Polytronics Technology Corp.  36,000  67,242 
Pou Chen Corp.  2,935,448  2,540,453 
Power Quotient International Company, Ltd. (I)  131,000  42,071 
Powercom Company, Ltd.  72,760  37,082 
Powertech Industrial Company, Ltd.  13,000  10,572 
Powertech Technology, Inc.  256,000  495,403 
President Chain Store Corp.  236,000  1,244,504 
President Securities Corp.  1,106,077  572,054 
Prince Housing & Development Corp.  618,030  422,307 
Prodisc Technology, Inc. (I)  540,000  3,076 
Promate Electronic Company, Ltd.  222,000  177,322 
Promise Technology, Inc. (I)  64,000  40,016 
Qisda Corp.  1,246,440  298,234 
Quanta Computer, Inc.  496,000  1,294,980 
Quintain Steel Company, Ltd. (I)  427,750  100,723 
Radiant Opto-Electronics Corp.  837,651  3,768,437 
Radium Life Tech Company, Ltd.  93,861  60,940 
Ralec Electronic Corp.  63,259  59,279 
Realtek Semiconductor Corp.  186,210  369,601 
Rechi Precision Company, Ltd.  364,620  330,126 
Rexon Industrial Corp., Ltd. (I)  291,000  48,638 
Richtek Technology Corp.  85,000  509,058 
Ritek Corp. (I)  3,965,428  562,219 
Ruentex Development Company, Ltd.  330,185  482,186 
Ruentex Industries, Ltd.  158,811  252,994 
Sampo Corp.  928,997  285,530 
San Fang Chemical Industry Company, Ltd.  39,000  29,831 
Sanyang Industrial Company, Ltd.  1,102,389  625,842 
Sanyo Electric Taiwan Company, Ltd.  43,000  39,844 
Sci Pharmtech, Inc.  10,759  19,196 
Senao International Company, Ltd.  54,000  198,692 
Sercomm Corp.  73,000  105,286 
Sesoda Corp.  48,000  52,552 
Shan-Loong Transportation Company, Ltd.  4,000  2,503 
Sheng Yu Steel Company, Ltd.  188,000  119,644 
Shenmao Technology, Inc.  40,000  47,710 
Shih Wei Navigation Company, Ltd.  54,000  48,119 
Shihlin Electric & Engineering Corp.  531,213  628,527 

 

45 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Taiwan (continued)     
Shihlin Paper Corp. (I)  72,000  $94,640 
Shin Hai Gas Corp.  2,000  2,445 
Shin Kong Financial Holding Company, Ltd. (I)  7,367,017  2,041,798 
Shin Shin Natural Gas Company  1,000  913 
Shin Zu Shing Company, Ltd.  159,933  436,119 
Shining Building Business Company, Ltd. (I)  113,300  96,512 
Shinkong Insurance Company, Ltd.  310,000  203,918 
Shinkong Synthetic Fibers Corp.  2,075,287  621,316 
Shinkong Textile Company, Ltd.  102,000  137,679 
Shiny Chemical Industrial Company, Ltd.  4,000  5,231 
Shuttle, Inc. (I)  229,985  61,330 
Sigurd Microelectronics Corp.  541,887  405,444 
Silicon Integrated Systems Corp.  794,000  244,988 
Siliconware Precision Industries Company, ADR  200,628  1,047,278 
Siliconware Precision Industries Company  395,000  429,675 
Silitech Technology Corp.  58,280  133,033 
Sinbon Electronics Company, Ltd.  203,000  161,490 
Sincere Navigation Corp.  306,000  289,527 
Sinkang Industries, Ltd.  112,380  36,991 
Sinon Corp.  534,150  231,357 
SinoPac Holdings Company, Ltd.  7,302,954  2,712,934 
Sinphar Pharmaceutical Company, Ltd.  46,982  37,995 
Sintek Photronic Corp. (I)  225,000  92,588 
Sinyi Realty Company  104,800  146,902 
Sitronix Technology Corp. (I)  32,000  40,898 
Siward Crystal Technology Company, Ltd.  181,301  53,045 
Solelytex Industrial Corp. (I)  136,758  51,259 
Solomon Technology Corp.  201,036  66,876 
Sonix Technology Company, Ltd.  97,000  158,948 
Southeast Cement Company, Ltd.  390,000  153,802 
Spirox Corp.  166,369  60,100 
Springsoft, Inc.  348,000  492,151 
Standard Chemical & Pharma  10,000  8,056 
Standard Foods Corp.  95,000  288,375 
Stark Technology, Inc.  164,000  151,513 
Sunonwealth Electric Machine Industry Company, Ltd.  10,000  7,453 
Sunplus Technology Company, Ltd.  651,000  197,582 
Sunspring Metal Corp. (I)  17,000  17,279 
Super Dragon Technology Company, Ltd.  15,766  12,750 
Supreme Electronics Company, Ltd.  197,000  104,444 
Sweeten Construction Company, Ltd.  109,286  57,022 
Synnex Technology International Corp.  418,132  933,813 
TA Chen Stainless Pipe (I)  817,747  432,576 
Ta Chong Bank, Ltd. (I)  2,255,000  705,067 
Ta Ya Electric Wire & Cable Company, Ltd.  637,406  155,948 
Ta Yih Industrial Company, Ltd.  7,000  12,618 
TA-I Technology Company, Ltd.  109,061  64,089 
Tah Hsin Industrial Company, Ltd.  125,000  123,733 
Tai Roun Products Company, Ltd. (I)  111,000  37,190 
Taichung Commercial Bank (I)  2,127,953  639,043 
Tainan Enterprises Company, Ltd.  201,467  218,955 
Tainan Spinning Company, Ltd.  1,489,390  631,854 
Taishin Financial Holdings Company, Ltd.  6,275,308  2,352,379 
Taisun Enterprise Company, Ltd.  409,734  207,345 
Taita Chemical Company, Ltd.  302,084  103,807 
Taiwan Acceptance Corp.  40,000  90,140 
Taiwan Business Bank (I)  3,375,251  937,861 

 

46 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Taiwan (continued)     
Taiwan Cement Corp.  6,280,726  $7,097,254 
Taiwan Cogeneration Corp.  603,137  421,471 
Taiwan Cooperative Financial Holding (I)  4,370,706  2,575,399 
Taiwan Fertilizer Company, Ltd.  227,000  527,345 
Taiwan Fire & Marine Insurance Company  52,000  35,780 
Taiwan Fu Hsing Industrial Company, Ltd.  233,000  155,311 
Taiwan Glass Industrial Corp.  990,367  926,689 
Taiwan Hon Chuan Enterprise Company, Ltd.  148,400  324,431 
Taiwan Kolin Company, Ltd. (I)  400,000  0 
Taiwan Land Development Corp. (I)  896,002  359,423 
Taiwan Life Insurance Company, Ltd.  191,100  109,993 
Taiwan Line Tek Electronic  27,000  29,556 
Taiwan Mask Corp.  325,850  120,052 
Taiwan Mobile Company, Ltd.  498,700  1,576,519 
Taiwan Navigation Company, Ltd.  18,000  16,818 
Taiwan Paiho, Ltd.  456,395  311,517 
Taiwan Prosperity Chemical Corp.  60,000  144,059 
Taiwan Pulp & Paper Corp.  576,640  181,423 
Taiwan Sakura Corp.  75,156  37,795 
Taiwan Secom Company, Ltd.  159,000  338,550 
Taiwan Semiconductor Manufacturing Company, Ltd.  4,320,000  12,307,247 
Taiwan Sogo Shin Kong  372,000  371,935 
Taiwan Styrene Monomer Corp. (I)  1,000,479  223,386 
Taiwan Tea Corp.  791,723  392,157 
Taiyen Biotech Company, Ltd.  301,000  206,998 
Tatung Company, Ltd. (I)  3,141,766  688,817 
Teapo Electronic Corp. (I)  248,512  33,890 
Teco Electric & Machinery Company, Ltd.  2,110,109  1,434,225 
Tecom Company, Ltd. (I)  41,000  2,737 
Ten Ren Tea Company, Ltd.  35,000  56,398 
Test Research, Inc.  95,000  129,947 
Test-Rite International Company, Ltd.  157,000  104,165 
Tex-Ray Industrial Company, Ltd. (I)  90,000  26,094 
The Ambassador Hotel  154,000  154,438 
Thye Ming Industrial Company, Ltd.  29,000  25,574 
TNC Industrial Corp., Ltd.  35,000  27,473 
Ton Yi Industrial Corp.  1,259,500  640,023 
Tong Hsing Electronic Industries, Ltd.  81,951  263,183 
Tong Yang Industry Company, Ltd.  336,814  316,820 
Tong-Tai Machine & Tool Company, Ltd.  64,800  55,351 
Topco Scientific Company, Ltd.  212,894  363,440 
Topoint Technology Company, Ltd.  173,208  95,758 
Transcend Information, Inc.  117,000  331,292 
Tripod Technology Corp.  194,770  542,361 
Tsann Kuen Enterprise Company, Ltd.  63,220  139,525 
TSRC Corp.  262,300  639,352 
Ttet Union Corp.  47,000  80,129 
Tung Ho Steel Enterprise Corp.  1,218,138  1,160,606 
Tung Ho Textile Company, Ltd. (I)  247,000  70,357 
TXC Corp.  175,659  256,112 
TYC Brother Industrial Company, Ltd. (I)  265,863  106,074 
Tycoons Group Enterprise Company, Ltd. (I)  594,536  101,050 
TZE Shin International Company, Ltd. (I)  194,248  95,704 
U-Ming Marine Transport Corp.  137,000  208,719 
U-Tech Media Corp.  218,000  42,833 
Uni-President Enterprises Corp.  1,128,260  1,696,132 
Unimicron Technology Corp.  296,855  320,465 

 

47 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Taiwan (continued)     
Union Bank of Taiwan (I)  1,256,642  $399,572 
Union Insurance Company, Ltd. (I)  85,000  32,944 
Unitech Electronics Company, Ltd.  181,039  94,205 
Unitech Printed Circuit Board Corp.  727,869  275,247 
United Integrated Services Company, Ltd.  100,000  90,413 
United Microelectronics Corp.  7,925,468  3,474,780 
Unity Opto Technology Company, Ltd.  180,389  184,484 
Universal Cement Corp.  691,808  307,592 
Universal Microelectronics Company, Ltd.  143,000  37,640 
Unizyx Holding Corp.  526,000  270,061 
UPC Technology Corp.  939,357  498,463 
USI Corp.  1,246,784  1,093,266 
Ve Wong Corp.  208,450  138,943 
Via Technologies, Inc. (I)  422,000  219,572 
Visual Photonics Epitaxy Company, Ltd.  140,000  229,439 
Wah Lee Industrial Corp.  12,000  15,757 
Walsin Lihwa Corp.  4,134,000  1,090,125 
Walsin Technology Corp.  897,721  229,850 
Walton Advanced Engineering, Inc.  383,661  121,990 
Walton Chaintech Corp. (I)  24,000  24,026 
Wan Hai Lines, Ltd.  468,216  222,555 
WAN HWA Enterprise Company  3,000  1,311 
Waterland Financial Holding Company  2,953,210  973,178 
WEI Chih Steel Industrial Company, Ltd. (I)  255,000  42,093 
Wei Chuan Food Corp.  252,000  274,296 
Weikeng Industrial Company, Ltd.  270,900  226,514 
Well Shin Technology Company, Ltd.  72,420  101,587 
Wellypower Optronics Corp.  235,000  106,634 
Weltrend Semiconductor, Inc.  55,000  23,999 
Winbond Electronics Corp. (I)  4,599,000  730,704 
Wintek Corp.  1,783,661  1,065,362 
Wistron Corp.  780,142  986,654 
Wistron NeWeb Corp.  144,649  260,133 
WPG Holdings Company, Ltd.  595,760  709,990 
WT Microelectronics Company, Ltd.  235,372  306,625 
WUS Printed Circuit Company, Ltd. (I)  375,000  172,147 
Yageo Corp.  3,176,000  958,991 
Yang Ming Marine Transport Corp.  1,853,916  766,343 
Yem Chio Company, Ltd.  156,252  144,665 
Yeun Chyang Industrial Company, Ltd.  496,000  276,060 
Yi Jinn Industrial Company, Ltd.  236,768  50,103 
Yieh Phui Enterprise Company, Ltd.  1,416,482  440,158 
Young Fast Optoelectronics Company, Ltd.  36,648  72,172 
Young Optics, Inc.  31,000  111,459 
Yuanta Financial Holdings Company, Ltd. (I)  8,862,322  3,900,896 
Yuen Foong Yu Paper Manufacturing Company, Ltd.  1,606,614  668,367 
Yulon Motor Company, Ltd.  1,730,900  2,995,311 
Yung Chi Paint & Varnish Manufacturing Company, Ltd.  92,850  153,157 
Yungshin Global Holding Corp.  109,000  148,591 
Yungtay Engineering Company, Ltd.  608,000  973,159 
Zenitron Corp.  256,000  192,930 
Zig Sheng Industrial Company, Ltd.  489,820  163,468 
Zinwell Corp.  201,000  206,528 
Zippy Technology Corp.  33,000  25,412 
 
Thailand 2.9%    56,881,671 
A.J. Plast PCL, Foreign Shares  93,200  36,032 

 

48 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Thailand (continued)     
Advanced Info Service PCL  459,891  $2,587,474 
Airports of Thailand PCL  189,300  336,176 
Amata Corp. PCL  541,300  275,627 
Asia Plus Securities PCL  1,679,600  117,200 
Asian Property Development PCL  648,480  140,642 
Bangchak Petroleum PCL  847,300  604,548 
Bangkok Aviation Fuel Services PCL  17,600  7,026 
Bangkok Bank PCL, Foreign Shares  554,205  3,260,958 
Bangkok Chain Hospital PCL  1,095,300  335,665 
Bangkok Dusit Medical Services PCL  355,400  999,789 
Bangkok Expressway PCL  426,700  311,156 
Bangkok Insurance PCL  8,050  61,485 
Bangkok Life Assurance PCL  346,400  508,464 
Bangkokland PCL (I)  11,604,400  244,380 
Bank of Ayudhya PCL  4,658,100  4,146,485 
Banpu PCL  48,350  683,876 
BEC World PCL  408,700  693,692 
Big C Supercenter PCL  35,900  243,734 
Bumrungrad Hospital PCL  264,900  524,554 
Cal-Comp Electronics Thailand PCL  3,027,200  245,487 
Central Pattana PCL  277,500  396,865 
Central Plaza Hotel PCL  1,246,000  485,633 
CH. Karnchang PCL  418,800  90,171 
Charoen Pokphand Foods PCL  1,133,333  1,353,659 
CP ALL PCL  1,389,800  1,496,170 
Delta Electronics Thailand PCL  188,400  127,909 
Dhipaya Insurance PCL  1,000  723 
Diamond Building Products PCL  240,000  46,016 
Dynasty Ceramic PCL  153,500  270,187 
Eastern Water Resources Development & Management PCL  219,000  70,212 
Electricity Generating PCL, Foreign Shares  77,200  252,359 
Esso Thailand PCL  2,078,900  597,892 
G J Steel PCL (I)  24,328,200  114,702 
G Steel PCL (I)  12,662,700  147,264 
GFPT PCL  392,600  121,550 
Glow Energy PCL  178,000  369,260 
GMM Grammy PCL  82,700  77,332 
Hana Microelectronics PCL  568,100  373,198 
Hemaraj Land & Development PCL  3,732,300  326,129 
Home Product Center PCL  1,322,786  507,245 
IRPC PCL  9,392,900  1,080,560 
Italian-Thai Development PCL (I)  2,481,170  257,359 
Jasmine International PCL (I)  6,601,900  618,377 
Kang Yong Electric PCL  2,800  19,450 
Kasikornbank PCL  215,900  1,049,283 
Kasikornbank PCL, Foreign Shares  316,400  1,557,932 
KGI Securities Thailand PCL  1,053,600  66,895 
Khon Kaen Sugar Industry PCL  352,900  138,653 
Kiatnakin Finance PCL  337,300  355,164 
Krung Thai Bank PCL  4,142,600  1,953,135 
Krungthai Card PCL (I)  126,000  64,554 
Land & Houses PCL  782,400  176,590 
Land And Houses PCL  668,500  149,844 
Lanna Resources PCL  167,900  134,573 
Loxley PCL  988,200  105,607 
LPN Development PCL  562,300  288,959 

 

49 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Thailand (continued)     
Major Cineplex Group PCL  340,500  $206,558 
MBK PCL  86,100  253,036 
MCOT PCL  160,500  148,821 
MCS Steel PCL  59,800  12,030 
Minor International PCL, Foreign Shares  1,171,550  478,710 
Modernform Group PCL  64,500  12,164 
Padaeng Industry PCL  127,600  48,128 
Polyplex PCL  275,000  128,791 
Pranda Jewelry PCL  214,300  43,783 
Precious Shipping PCL  725,700  353,555 
President Rice Products PCL  24,000  48,656 
Preuksa Real Estate PCL  661,900  287,104 
PTT Exploration & Production PCL  519,098  2,561,634 
PTT Global Chemical PCL  980,192  1,671,395 
PTT PCL, Foreign Shares  329,400  3,240,679 
Quality House PCL  6,161,133  302,102 
Raimon Land PCL (I)  1,761,500  91,909 
Ratchaburi Electricity Generating Holding PCL  187,000  243,926 
Regional Container Lines PCL (I)  558,000  123,649 
Robinson Department Store PCL  396,400  728,883 
Saha-Union PCL  261,500  250,692 
Sahaviriya Steel Industries PCL (I)  9,365,780  197,236 
Samart Corp. PCL  467,200  132,898 
Samart Telcoms PCL  273,500  105,738 
Sansiri PCL  3,549,232  227,579 
SC Asset Corp. PCL  336,400  151,203 
Seamico Securities PCL  524,988  22,277 
Siam Cement PCL  110,800  1,189,686 
Siam City Cement PCL  55,100  491,856 
Siam Commercial Bank PCL  539,131  2,380,887 
Siam Future Development PCL  583,600  150,417 
Siam Makro PCL  57,400  602,596 
Siamgas & Petrochemicals PCL  473,000  225,981 
Sino Thai Engineering & Construction PCL  518,400  208,566 
SNC Former PCL  88,000  66,107 
Somboon Advance Technology PCL  98,246  88,009 
Sri Trang Agro-Industry PCL  187,600  89,039 
STP & I PCL  149,200  120,758 
Supalai PCL  313,100  150,571 
SVI PCL (I)  260,400  28,647 
Tata Steel Thailand PCL (I)  7,079,000  166,879 
Thai Airways International PCL (I)  1,239,111  837,369 
Thai Carbon Black PCL  174,100  138,175 
Thai Central Chemical PCL  1,900  926 
Thai Oil PCL  747,900  1,328,190 
Thai Plastic & Chemical PCL  184,100  169,257 
Thai Reinsurance PCL  405,900  46,184 
Thai Stanley Electric PCL  14,200  85,249 
Thai Tap Water Supply PCL  586,800  120,809 
Thai Union Frozen Products PCL  310,100  655,484 
Thai Vegetable Oil PCL  360,100  233,162 
Thai-German Ceramic PCL  93,000  10,933 
Thaicom PCL (I)  532,500  222,607 
Thanachart Capital PCL  786,000  667,044 
The Erawan Group PCL  130,800  10,443 
Thoresen Thai Agencies PCL  445,070  242,015 
Ticon Industrial Connection PCL  133,100  54,386 

 

50 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Thailand (continued)     
Tipco Asphalt PCL  16,600  $19,827 
Tisco Financial Group PCL  6,300  7,228 
TMB Bank PCL  4,426,700  205,925 
Total Access Communication PCL  141,900  342,298 
Total Access Communication PCL, Foreign Shares  235,900  570,935 
TPI Polene PCL  1,098,240  403,879 
True Corp. PCL (I)  4,931,000  573,462 
Vanachai Group PCL  1,042,400  129,747 
Vibhavadi Medical Center PCL  4,500  919 
Vinythai PCL  100,000  55,320 
Workpoint Entertainment PCL  118,600  110,902 
 
Turkey 1.8%    35,511,573 
Adana Cimento Sanayii Turk Anonim Sirketi AS, Class A  99,918  180,947 
Advansa Sasa Polyester Sanayi AS (I)  140,873  92,500 
Akbank TAS  286,322  875,612 
Akcansa Cimento AS  113,818  433,601 
Akenerji Elektrik Uretim AS (I)  106,880  106,930 
Akfen Holding AS (I)  13,515  63,932 
Aksa Akrilik Kimya Sanayi AS  134,810  278,928 
Aksigorta AS  290,218  290,425 
Alarko Holding AS  97,048  209,678 
Altinyildiz Mensucat Ve Konfeksiyon Fabrikalari AS (I)(L)  29,490  353,184 
Anadolu Cam Sanayi AS (I)  152,739  208,591 
Anadolu Efes Biracilik Ve Malt Sanayii AS  58,999  681,681 
Anadolu Hayat Emeklilik AS  55,974  112,821 
Anadolu Sigorta AS (I)  422,736  176,897 
Arcelik AS  339,627  1,427,384 
Aselsan Elektronik Sanayi Ve Ticaret AS  20,530  106,195 
Ayen Enerji AS (I)  28,702  24,484 
Aygaz AS  186,534  702,397 
Bagfas Bandirma Gubre Fabrik  3,805  332,405 
Baticim Bati Anadolu Cimento Sanayii AS  21,536  77,303 
BIM Birlesik Magazalar AS  27,811  1,126,394 
Bizim Toptan Satis Magazalari AS  11,238  144,276 
Bolu Cimento Sanayii AS  137,486  88,497 
Borusan Mannesmann Boru Sanayi ve Ticaret AS  15,924  230,633 
Brisa Bridgestone Sabanci Sanayi ve Ticaret AS  473  95,140 
Bursa Cimento Fabrikasi AS  4,489  11,436 
Celebi Hava Servisi AS (I)  4,930  34,579 
Cemtas Celik Makina Sanayi Ticaret AS  81,516  50,378 
Cimsa Cimento Sanayi VE Tica AS  75,350  332,183 
Coca-Cola Icecek AS  8,244  109,086 
Deva Holding AS (I)  64,490  73,009 
Dogan Gazetecilik AS (I)  62,235  50,120 
Dogan Sirketler Grubu Holdings AS (I)  1,265,834  483,799 
Dogan Yayin Holding AS (I)  362,401  118,769 
Dogus Otomotiv Servis ve Ticaret AS  112,539  261,036 
Eczacibasi Yapi Gerecleri Sanayi Ve Ticaret AS (I)  739  1,494 
Eczacibasi Yatirim Holding Ortakligi AS (I)  7,623  23,960 
EGE Seramik Sanayi ve Ticaret AS  103,309  98,470 
EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret AS (I)  273,434  271,383 
Enka Insaat ve Sanayi AS  73,181  158,202 
Eregli Demir ve Celik Fabrikalari TAS  905,191  1,047,998 
Fenerbahce Sportif Hizmetler Sanayi ve Ticaret AS (I)  6,193  142,839 
Ford Otomotiv Sanayi AS  16,940  146,855 
Gentas Genel Metal Sanayi ve Ticaret AS  146,068  104,200 

 

51 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Turkey (continued)     
Global Yatirim Holding AS (I)  344,289  $226,184 
Goldas Kuyumculuk Sanayi Ithalat Ve Ihracat AS (I)  54,847  15,594 
Goltas Goller Bolgesi Cimento Sanayi Ve Ticaret AS  6,137  185,781 
Goodyear Lastikleri Turk AS  17,513  490,838 
GSD Holding AS (I)  245,645  104,640 
Gubre Fabrikalari Tasgubre Fabrikalari TAS (I)  3,016  19,268 
Gunes Sigorta AS (I)  31,526  31,774 
Hurriyet Gazetecilik AS (I)  206,839  96,745 
Ihlas EV Aletleri AS (I)  221,809  78,817 
Ihlas Holding AS (I)  1,118,670  625,557 
Ipek Dogal Enerji Kaynaklari Ve Uretim AS (I)  23,316  40,604 
Ipek Matbacilik Sanayi Ve Ticaret AS (I)  91,878  159,901 
Is Yatirim Menkul Degerler AS  46,989  40,070 
Isiklar Yatirim Holding Asisiklar Ambalaj AS (I)  170,167  64,176 
Izmir Demir Celik Sanayi AS (I)  214,016  616,211 
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS  344,193  184,971 
Kardemir Karabuk Demir Celik Sanayi Ve Ticaret AS, Class B  160,550  136,503 
Kardemir Karabuk Demir Celik Sanayi Ve Ticaret AS, Class D  867,539  377,970 
Kartonsan Karton Sanayi ve Ticaret AS  1,523  197,259 
KOC Holdings AS  382,524  1,198,409 
Konya Cimento Sanayi AS  738  111,233 
Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret Anonim Sirketi AS  262,596  486,011 
Koza Altin Isletmeleri AS  8,390  141,786 
Koza Anadolu Metal Madencilik Isletmeleri AS (I)  125,729  211,955 
Koza Anadolu Metal Madencilik Isletmeleri AS  170,561  288,058 
Mardin Cimento Sanayii ve Ticaret AS  26,424  78,939 
Marshall Boya ve Vernik AS (I)  3,289  89,995 
Menderes Tekstil Sanayi ve Ticaret AS (I)  198,717  81,242 
Migros Ticaret AS (I)  24,300  203,369 
Mutlu Aku ve Malzemeleri Sanayi AS (I)  28,331  84,420 
Net Holding AS (I)(L)  385,491  321,278 
Net Turizm Ticaret ve Sanayi AS (I)  231,636  82,139 
Nortel Networks Netas Telekomunikasyon AS  6,266  806,209 
Nuh Cimento Sanayi AS  17,977  91,794 
Otokar Otomotiv Ve Savunma Sanayi AS  9,252  131,815 
Park Elektrik Uretim Madencilik Sanayi Ve Ticaret AS  129,175  335,095 
Parsan Makina Parcalari Sanayii AS (I)  28,857  40,191 
Petkim Petrokimya Holding AS (L)  600,726  588,331 
Pinar Entegre Et ve Un Sanayi AS  28,775  85,008 
Pinar Sut Mamulleri Sanayii AS  40,679  358,175 
Sanko Pazarlama Ithalat Ihracat AS (I)  15,774  30,102 
Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret AS  183,126  237,736 
Sekerbank AS (I)  578,736  292,716 
Selcuk Ecza Deposu Ticaret ve Sanayi AS  255,745  221,376 
Soda Sanayii AS (I)  76,481  129,464 
TAT Konserve Sanayii AS (I)  5,149  5,785 
TAV Havalimanlari Holding AS  78,086  377,771 
Tekfen Holding AS  207,445  613,540 
Tekstil Bankasi AS (I)  140,973  50,789 
Tofas Turk Otomobil Fabrikasi AS  85,375  291,191 
Trakya Cam Sanayi AS (I)  287,447  343,861 
Tupras Turkiye Petrol Rafinerileri AS  32,647  608,156 
Turcas Petrolculuk AS  94,177  116,771 
Turk Hava Yollari (I)  554,754  750,042 
Turk Sise ve Cam Fabrikalari AS  511,902  700,248 
Turk Telekomunikasyon AS  171,343  587,652 
Turk Traktor ve Ziraat Makineleri AS  7,187  103,591 

 

52 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Shares  Value 
 
Turkey (continued)     
Turkcell Iletisim Hizmetleri AS (I)  118,345  $515,340 
Turkcell Iletisim Hizmetleri AS, ADR (I)  45,008  487,437 
Turkiye Garanti Bankasi AS  735,222  2,366,855 
Turkiye Halk Bankasi AS  101,828  625,587 
Turkiye Is Bankasi  612,613  1,240,618 
Turkiye Sinai Kalkinma Bankasi AS  588,662  691,636 
Turkiye Vakiflar Bankasi TAO  797,411  1,276,142 
Ulker Gida Sanayi ve Ticaret AS  213,853  719,517 
Vestel Beyaz Esya Sanayi ve Ticaret AS (I)  121,350  146,912 
Vestel Elektronik Sanayi ve Tracaret AS (I)  159,179  167,105 
Yapi Kredi Sigorta AS  5,623  43,525 
Yapi ve Kredi Bankasi AS (I)(L)  189,763  297,418 
Zorlu Enerji Elektrik Uretim AS  19,082  10,540 
Zorlu Enerji Elektrik Uretim AS (I)  24,618  13,204 
 
Ukraine 0.0%    562,329 
Kernel Holding SA (I)  35,394  562,329 
 
United States 0.0%    20,340 
Integrated Memory Logic, Ltd. (I)  5,000  20,340 
 
 
  Shares  Value 
 
Preferred Securities 2.2%    $44,399,286 
(Cost $48,631,658)     
 
Brazil 2.2%    43,459,786 
AES Tiete SA  36,452  491,605 
Banco ABC Brasil SA  101,700  559,719 
Banco Bradesco SA  493,742  7,246,331 
Banco Cruzeiro do Sul SA  300  1,340 
Banco Daycoval SA  90,600  442,477 
Banco do Estado do Rio Grande do Sul SA  294,300  2,334,730 
Banco Industrial e Comercial SA  117,473  378,598 
Banco Panamericano SA  166,400  383,648 
Banco Pine SA  55,262  352,914 
Banco Sofisa SA  73,500  110,058 
Bardella SA Industrias Mecanicas  916  32,110 
Centrais Eletricas Brasileiras SA  11,448  106,145 
Centrais Eletricas De Santa Catarina SA  1,300  24,848 
Cia Energetica do Ceara  4,450  77,313 
Cia Paranaense de Energia  4,000  81,355 
Companhia de Bebidas das Americas  153,400  5,864,164 
Companhia de Ferro Ligas da Bahia  74,676  386,552 
Companhia de Gas de Sao Paulo, A Shares  3,900  81,216 
Companhia de Tecidos Norte de Minas SA  161,600  221,145 
Companhia de Transmissao de Energia Eletrica Paulista  11,311  334,252 
Companhia Energetica de Minas Gerais  19,900  347,117 
Companhia Energetica de Sao Paulo  51,238  883,839 
Contax Participacoes SA  19,700  231,495 
Eletropaulo Metropolitana Eletricidade de Sao Paulo SA  37,848  450,382 
Eucatex SA Industria e Comercio  24,300  92,171 
Forjas Taurus SA  30,314  30,061 
Gol Linhas Aereas Inteligentes SA  5,200  20,729 
Inepar SA Industria e Construcoes  122,505  121,482 

 

53 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

Brazil (continued)       
Itau Unibanco Holding SA    161,200  $2,341,850 
Klabin SA    1,179,710  4,971,879 
Kroton Educacional SA (I)    1,826  2,091 
Lojas Americanas SA    221,418  1,333,874 
Marcopolo SA    203,800  949,857 
OI SA    79,600  315,740 
Parana Banco SA    21,100  137,050 
Petroleo Brasileiro SA    357,356  3,389,553 
Randon Participacoes SA    199,100  919,067 
Sao Paulo Alpargatas SA    106,020  670,231 
Saraiva SA Livreiros Editores    14,000  158,267 
Suzano Papel e Celulose SA    266,053  662,214 
Telefonica Brasil SA    25,000  594,987 
Unipar Participacoes SA (I)    854,010  114,328 
Usinas Siderurgicas de Minas Gerais SA    560,800  2,363,488 
Vale SA    156,400  2,847,514 
 
Chile 0.0%      834,337 
Embotelladora Andina SA, Class B    86,063  449,546 
Sociedad Quimica y Minera de Chile SA    7,394  384,791 
 
Malaysia 0.0%      105,163 
TA Global BHD (I)    1,334,198  105,163 
 
    Shares  Value 
  
Warrants 0.0%      $6,553 
(Cost $0)       
 
Hartalega Holdings BHD (Expiration Date: 5-29-15, Strike Price: MYR 4.14) (I)  19,520  1,561 
Malayan Flour Mills BHD (Expiration Date: 5-9-17, Strike Price: MYR 2.06) (I)  15,100  1,417 
Raimon Land PCL (Expiration Date: 5-15-15, Strike Price: THB 2.75) (I)  440,375  3,575 
  
Rights 0.0%      $26,328 
(Cost $17,481)       
 
CETIP SA - Mercados Organizados (Expiration Date: 6-18-12, Strike Price: BRL     
26.71) (I)    62  77 
Corpbanca (Expiration Date:.6-9-12 , Strike Price: CLP 6.25) (I)    1,890,268  453 
G Steel PCL (Strike Price: THB 0.002) (I)    4,220,900  17,105 
Joao Fortes Engenharia SA (Expiration Date: 6-22-12, Strike Price: BRL 6.5) (I)  175  56 
KIC, Ltd. (Expiration Date: 6-8-12, Strike Price: KRW 785) (I)    5,412  1,600 
Lai Fung Holdings, Ltd. (Expiration Date: 6-5-12, Strike Price: HKD 0.125) (I)  4,457,000  2,297 
Lupatech SA (Expiration Date: 6-6-12, Strike Price: BRL 4.00) (I)    13,936  69 
MPX Energia SA (Expiration Date: 6-25-12, Strike Price: BRL 44.20) (I)  9,043  45 
Pharmicell Company, Ltd. (Expiration Date: 6-19-12, Strike Price: KRW 3855.00) (I)  1,757  3,343 
Springs Global Participacoes SA (Expiration Date: 6-15-12, Strike Price: BRL 3.00) (I)  53,771  533 
Sre Group, Ltd. (Expiration Date: 6-4-12, Strike Price: HKD 0.3) (I)    582,000  750 
 
  Yield  Shares  Value 
  
Securities Lending Collateral 9.3%      $183,599,413 
(Cost $183,548,582)       
 
John Hancock Collateral Investment Trust (W)  0.3309%(Y)  18,346,732  183,599,413 

 

54 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

  Yield  Shares  Value 
 
Short-Term Investments 0.7%      $13,386,126 
(Cost $13,386,126)       
 
Money Market Funds 0.7%      13,386,126 
State Street Institutional Liquid Reserves Fund  0.1963%(Y)  13,386,126  13,386,126 
 
Total investments (Cost $2,175,026,409)† 108.9%      $2,155,136,826 
 
Other assets and liabilities, net (8.9%)      ($175,568,167) 
 
Total net assets 100.0%    $1,979,568,659 

 

The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the Fund.

Currency Abbreviations:

BRL  Brazilian Real 
CLP  Chilean Peso 
HKD  Hong Kong Dollars 
KRW  Korean Won 
MYR  Malaysian Ringgit 
THB  Thailand Baht 

 

Security Abbreviations:

 

ADR  American Depositary Receipts 
DVR  Differential Voting Rights 
GDR  Global Depositary Receipts 

 

(I) Non-income producing security.

(L) A portion of this security is on loan as of 5-31-12.

(S) 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.

(W) Investment is an affiliate of the Fund, the adviser and/or subadviser. Also, it represents the investment of securities lending collateral received.

(Y) The rate shown is the annualized seven-day yield as of 5-31-12.

† At May 31, 2012, the aggregate cost of investment securities for federal income tax purposes was $2,182,241,948. Net unrealized depreciation aggregated $27,105,122, of which $319,483,117 related to appreciated investment securities and $346,588,239 related to depreciated investment securities.

The Fund had the following sector composition as a percentage of net assets on 5-31-12.

Financials  24.7% 
Materials  13.5% 
Industrials  10.9% 
Consumer Discretionary  10.8% 
Information Technology  10.6% 
Energy  10.2% 
Consumer Staples  9.5% 
Telecommunication Services  4.5% 
Utilities  2.5% 
Health Care  1.7% 
Short-Term Investments & Other  1.1% 

 

55 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

Notes to the Schedule of Investments

Security valuation. Investments are stated at value as of the close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In order to value the securities, the Fund uses the following valuation techniques. Equity securities held by the Fund are valued at the last sale price or official closing price on the principal securities exchange on which they trade. In the event there were no sales during the day or closing prices are not available, then securities are valued using the last quoted bid or evaluated price. Investments by the Funds in open-end mutual funds, including John Hancock Collateral Investment Trust, are valued at their respective net asset values each business day. Foreign securities and currencies are valued in U.S. dollars, based on foreign currency exchange rates supplied by an independent pricing service. Certain securities traded only in the over-the-counter market are valued at the last bid price quoted by brokers making markets in the securities at the close of trading. Certain short-term securities are valued at amortized cost.

Other portfolio securities and assets, where 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. Generally, trading in non-U.S. securities is substantially completed each day at various times prior to the close of trading on the NYSE. Significant market events that affect the values of non-U.S. securities may occur between the time when the valuation of the securities is generally determined and the close of the NYSE. During significant market events, these securities will be valued at fair value, as determined in good faith, following procedures established by the Board of Trustees. The Fund may use a fair valuation model to value non-U.S. securities in order to adjust for events which may occur between the close of foreign exchanges and the close of the NYSE.

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. Level 2 includes securities valued using 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, 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.

The following is a summary of the values by input classification of the Fund’s investments as of May 31, 2012, by major security category or type:

      Level 2  Level 3 
  Total Market    Significant  Significant 
  Value at  Level 1 Quoted  Observable  Unobservable 
  05/31/12  Price  Inputs  Inputs 
Common Stocks         
Brazil  $233,230,589  $233,230,589  —  — 
Chile  39,371,353  39,371,353  —  — 
China  190,178,261  23,642,515  $166,277,992  $257,754 
Colombia  4,643,489  4,643,489  —  — 
Czech Republic  7,156,490  —  7,156,490  — 
Egypt  799,838  6,006  793,832  — 
Hong Kong  105,043,514  23,059,046  81,837,680  146,788 
Hungary  5,977,501  —  5,977,501  — 
India  150,206,092  27,243,264  122,665,470  297,358 
Indonesia  70,770,130  1,857,003  68,341,838  571,289 
Israel  135,932  —  135,932  — 
Luxembourg  1,151,122  —  1,151,122  — 
Malaysia  85,357,010  —  85,334,745  22,265 
Mexico  100,203,941  100,203,941  —  — 
Netherlands  461,023  438,515  22,508  — 
Peru  1,475,639  1,475,639  —  — 
Philippines  28,841,882  —  28,841,882  — 
Poland  30,697,379  —  30,697,379  — 
Russia  61,474,051  7,175,107  54,298,944  — 
South Africa  170,234,097  20,987,265  149,246,832  — 
South Korea  283,988,255  24,405,240  259,577,028  5,987 

 

56 

 


Emerging Markets Fund
As of 5-31-12 (Unaudited)

Taiwan  249,345,619  7,301,426  242,041,117  3,076 
Thailand  56,881,671  —  56,881,671  — 
Turkey  35,511,573  487,437  35,024,136  — 
Ukraine  562,329  —  562,329  — 
United States  20,340  —  20,340  — 
Preferred Securities         
Brazil  43,459,786  43,459,786  —  — 
Chile  834,337  834,337  —  — 
Malaysia  105,163  —  105,163  — 
Warrants  6,553  —  6,553  — 
Rights  26,328  1,108  22,801  2,419 
Securities Lending Collateral  183,599,413  183,599,413  —  — 
Short-Term Investments         
Money Market Funds  13,386,126  13,386,126  —  — 
 
Total Investments in Securities  $2,155,136,826  $756,808,605  $1,397,021,285  $1,306,936 

 

Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. During the period ended May 31, 2012, there were no significant transfers between levels.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

57 

 






U.S. Equity Fund 
As of 5-31-12 (Unaudited) 

  Shares  Value 
 
Common Stocks 97.7%    $1,656,417,453 
(Cost $1,385,414,530)     
 
Consumer Discretionary 8.3%    140,557,920 
 
Auto Components 0.0%     
Visteon Corp. (I)  2,500  100,000 
 
Automobiles 0.3%     
General Motors Company (I)  195,147  4,332,263 
 
Distributors 0.2%     
Genuine Parts Company (L)  45,800  2,885,400 
LKQ Corp. (I)  4,800  174,912 
 
Diversified Consumer Services 0.2%     
Apollo Group, Inc., Class A (I)  62,100  1,976,022 
Bridgepoint Education, Inc. (I)(L)  7,300  143,007 
DeVry, Inc.  4,800  131,184 
H&R Block, Inc.  43,700  667,299 
ITT Educational Services, Inc. (I)(L)  1,880  106,972 
Weight Watchers International, Inc. (L)  14,900  845,426 
 
Hotels, Restaurants & Leisure 2.6%     
Buffalo Wild Wings, Inc. (I)(L)  2,000  170,220 
Cracker Barrel Old Country Store, Inc. (L)  3,000  183,810 
Domino's Pizza, Inc.  4,600  141,266 
Einstein Noah Restaurant Group, Inc.  9,300  159,402 
McDonald's Corp. (L)  419,330  37,462,942 
Multimedia Games Holding Company, Inc. (I)(L)  21,600  272,376 
Panera Bread Company, Class A (I)  7,850  1,153,558 
Ruth's Hospitality Group, Inc. (I)(L)  23,600  154,816 
Starbucks Corp.  74,700  4,100,283 
Wyndham Worldwide Corp.  3,200  159,360 
Yum! Brands, Inc.  11,400  802,104 
 
Household Durables 0.1%     
Garmin, Ltd.  12,200  524,112 
Mohawk Industries, Inc. (I)  1,900  129,390 
Whirlpool Corp.  2,300  142,324 
 
Internet & Catalog Retail 0.1%     
Amazon.com, Inc. (I)  4,020  855,898 
Expedia, Inc. (L)  12,750  585,098 
Liberty Interactive Corp., Series A (I)  27,700  464,252 
 
Leisure Equipment & Products 0.0%     
Johnson Outdoors, Inc. (I)  6,504  118,308 
Mattel, Inc.  10,400  323,752 
 
Media 0.3%     
Arbitron, Inc.  7,000  234,080 
Charter Communications, Inc., Class A (I)  7,000  438,900 
Clear Channel Outdoor Holdings, Inc., Class A (I)  21,400  134,820 
DIRECTV, Class A (I)  11,000  488,950 
DISH Network Corp.  14,200  398,168 
Gannett Company, Inc. (L)  26,700  348,702 
Lamar Advertising Company, Class A (I)(L)  17,500  430,675 
Lions Gate Entertainment Corp. (I)  12,900  171,828 
The McGraw-Hill Companies, Inc.  9,600  416,448 
The Washington Post Company, Class B (L)  657  229,175 
Time Warner, Inc.  34,900  1,203,003 

 

 1  

 


U.S. Equity Fund 
As of 5-31-12 (Unaudited) 

  Shares  Value 
 
Consumer Discretionary (continued)     
 
Multiline Retail 0.8%     
Big Lots, Inc. (I)  3,500  $128,625 
Dollar General Corp. (I)  7,800  381,498 
Dollar Tree, Inc. (I)  46,100  4,756,598 
Family Dollar Stores, Inc.  35,100  2,378,025 
J.C. Penney Company, Inc. (L)  14,800  388,204 
Macy's, Inc.  28,300  1,076,815 
Sears Holdings Corp. (I)(L)  25,300  1,249,820 
Target Corp.  67,300  3,897,343 
 
Specialty Retail 2.0%     
Advance Auto Parts, Inc.  20,700  1,509,858 
Aeropostale, Inc. (I)  10,700  197,950 
AutoNation, Inc. (I)(L)  13,900  500,678 
AutoZone, Inc. (I)  1,120  425,891 
Bed Bath & Beyond, Inc. (I)  19,500  1,408,875 
Best Buy Company, Inc. (L)  48,100  900,432 
Big 5 Sporting Goods Corp.  15,100  98,301 
Charming Shoppes, Inc. (I)(L)  28,100  206,254 
Destination Maternity Corp.  7,600  148,200 
GameStop Corp., Class A (L)  100,252  1,922,833 
Genesco, Inc. (I)  2,700  179,550 
Lowe's Companies, Inc.  85,500  2,284,560 
O'Reilly Automotive, Inc. (I)  7,800  747,162 
Orchard Supply Hardware Stores Corp. (I)(L)  839  14,137 
Ross Stores, Inc.  98,100  6,202,863 
Sally Beauty Holdings, Inc. (I)  7,700  203,511 
Staples, Inc.  11,200  147,168 
Systemax, Inc. (I)  8,800  107,008 
The Gap, Inc. (L)  26,300  696,950 
The Home Depot, Inc.  44,200  2,180,828 
TJX Companies, Inc.  323,500  13,735,810 
 
Textiles, Apparel & Luxury Goods 1.7%     
Carter's, Inc. (I)(L)  3,900  210,327 
Coach, Inc.  76,800  5,180,160 
Fifth & Pacific Companies, Inc. (I)  13,100  156,807 
Fossil, Inc. (I)  12,540  917,426 
NIKE, Inc., Class B  176,920  19,139,206 
Steven Madden, Ltd. (I)  3,950  160,133 
VF Corp.  20,970  2,957,609 
 
Consumer Staples 24.7%    417,994,991 
 
Beverages 6.4%     
Brown Forman Corp., Class B  46,100  4,018,998 
Dr. Pepper Snapple Group, Inc.  8,800  363,088 
Monster Beverage Corp. (I)  74,520  5,410,152 
PepsiCo, Inc.  610,370  41,413,605 
The Coca-Cola Company  772,000  57,691,560 
 
Food & Staples Retailing 5.9%     
Casey's General Stores, Inc.  3,100  175,553 
Costco Wholesale Corp.  22,800  1,969,692 
CVS Caremark Corp.  88,300  3,968,202 
Safeway, Inc. (L)  22,000  418,440 
SUPERVALU, Inc. (L)  37,390  169,003 
Susser Holdings Corp. (I)  6,700  195,975 

 

 2  

 


U.S. Equity Fund 
As of 5-31-12 (Unaudited) 

  Shares  Value 
 
Consumer Staples (continued)     
Sysco Corp. (L)  193,500  $5,400,585 
The Kroger Company  71,700  1,578,117 
Wal-Mart Stores, Inc.  1,219,333  80,256,498 
Walgreen Company  170,300  5,197,556 
 
Food Products 2.0%     
Campbell Soup Company (L)  65,700  2,082,690 
ConAgra Foods, Inc.  22,700  570,905 
Dean Foods Company (I)  14,800  231,472 
Farmer Brothers Company (I)  21,100  144,324 
Flowers Foods, Inc. (L)  38,700  852,174 
General Mills, Inc.  228,000  8,727,840 
H.J. Heinz Company (L)  37,900  2,011,732 
Hormel Foods Corp.  92,100  2,754,711 
Kellogg Company  84,400  4,117,032 
Kraft Foods, Inc., Class A  101,900  3,899,713 
McCormick & Company, Inc., Non-Voting Shares  46,500  2,620,740 
Ralcorp Holdings, Inc. (I)  2,300  146,165 
Smithfield Foods, Inc. (I)  6,400  125,888 
The Hershey Company  82,900  5,542,694 
 
Household Products 5.5%     
Church & Dwight Company, Inc.  53,200  2,832,368 
Clorox Company  45,100  3,102,880 
Colgate-Palmolive Company  185,900  18,273,970 
Kimberly-Clark Corp.  110,000  8,728,500 
The Procter & Gamble Company  975,700  60,776,353 
 
Personal Products 0.6%     
Avon Products, Inc.  43,200  714,960 
Herbalife, Ltd. (L)  39,900  1,787,121 
Nu Skin Enterprises, Inc., Class A (L)  21,400  917,632 
The Estee Lauder Companies, Inc., Class A  125,060  6,771,999 
 
Tobacco 4.3%     
Altria Group, Inc.  53,500  1,722,165 
Lorillard, Inc. (L)  57,880  7,153,968 
Philip Morris International, Inc.  665,349  56,228,644 
Reynolds American, Inc. (L)  162,700  6,807,368 
Universal Corp.  2,700  121,959 
 
Energy 1.1%    17,635,767 
 
Energy Equipment & Services 0.0%     
Gulfmark Offshore, Inc., Class A (I)  4,200  149,898 
SEACOR Holdings, Inc. (I)  1,700  146,557 
 
Oil, Gas & Consumable Fuels 1.1%     
Apache Corp.  20,228  1,646,155 
Cabot Oil & Gas Corp.  5,400  175,716 
Chevron Corp.  93,394  9,181,564 
ConocoPhillips  39,600  2,065,536 
Energy Partners, Ltd. (I)  9,300  146,847 
EXCO Resources, Inc. (L)  34,400  247,680 
Kinder Morgan, Inc. (L)  16,100  550,459 
Marathon Petroleum Corp.  12,700  458,089 
Occidental Petroleum Corp.  19,929  1,579,772 
Phillips 66 (I)  19,800  594,594 
Sunoco, Inc.  3,400  157,930 
Valero Energy Corp.  20,200  426,220 

 

 3  

 


U.S. Equity Fund 
As of 5-31-12 (Unaudited) 

  Shares  Value 
 
Energy (continued)     
World Fuel Services Corp. (L)  2,900  $108,750 
 
Financials 1.6%    26,540,771 
 
Capital Markets 0.0%     
GAMCO Investors, Inc., Class A (L)  2,600  107,926 
Janus Capital Group, Inc. (L)  18,400  134,320 
Safeguard Scientifics, Inc. (I)  8,000  121,200 
 
Commercial Banks 0.3%     
Bancorp, Inc. (I)  14,500  131,805 
CapitalSource, Inc.  23,300  147,489 
Central Pacific Financial Corp. (I)  9,300  119,319 
CIT Group, Inc. (I)  15,800  540,202 
First Connecticut Bancorp, Inc.  12,200  158,966 
Heritage Commerce Corp. (I)  32,000  197,120 
OmniAmerican Bancorp, Inc. (I)  8,800  174,064 
PNC Financial Services Group, Inc.  13,800  847,596 
State Bank Financial Corp. (I)  7,700  129,745 
U.S. Bancorp  25,300  787,083 
Wells Fargo & Company  56,200  1,801,210 
West Coast Bancorp (I)  6,800  127,840 
Wilshire Bancorp, Inc. (I)  31,500  157,815 
 
Consumer Finance 0.2%     
American Express Company  26,900  1,501,827 
Capital One Financial Corp.  10,800  554,796 
Credit Acceptance Corp. (I)  2,100  177,954 
EZCORP, Inc., Class A (I)(L)  5,000  118,000 
First Cash Financial Services, Inc. (I)  3,600  134,856 
Nelnet, Inc., Class A  6,500  151,710 
SLM Corp.  34,800  486,156 
 
Diversified Financial Services 0.3%     
Bank of America Corp.  311,754  2,291,392 
JPMorgan Chase & Company  66,200  2,194,530 
Marlin Business Services Corp.  9,600  138,336 
 
Insurance 0.6%     
Allied World Assurance Company Holdings, Ltd.  2,500  192,250 
American Financial Group, Inc.  3,300  128,337 
American International Group, Inc. (I)  18,600  542,748 
AON PLC  13,200  613,800 
Aspen Insurance Holdings, Ltd.  4,500  127,170 
Assurant, Inc.  32,300  1,078,174 
Chubb Corp.  7,200  518,904 
CNO Financial Group, Inc.  28,100  192,766 
Fidelity National Financial, Inc., Class A  9,700  182,748 
Genworth Financial, Inc., Class A (I)  99,200  519,808 
Hartford Financial Services Group, Inc.  33,000  555,060 
Hilltop Holdings, Inc. (I)  22,700  236,080 
Kemper Corp.  4,100  120,089 
Lincoln National Corp.  7,400  152,958 
MBIA, Inc. (I)(L)  14,800  132,756 
Presidential Life Corp.  10,700  94,267 
Primerica, Inc.  6,700  161,269 
ProAssurance Corp.  2,000  176,280 
Protective Life Corp. (L)  5,900  155,524 
Prudential Financial, Inc.  16,800  780,360 

 

 4  

 


U.S. Equity Fund 
As of 5-31-12 (Unaudited) 

  Shares  Value 
 
Financials (continued)     
RLI Corp.  2,400  $159,936 
Symetra Financial Corp.  21,600  244,080 
The Travelers Companies, Inc.  41,200  2,574,588 
Torchmark Corp.  3,500  163,310 
 
Real Estate Investment Trusts 0.1%     
American Capital Agency Corp.  5,800  189,486 
Annaly Capital Management, Inc. (L)  37,500  623,250 
CommonWealth  8,800  155,320 
Digital Realty Trust, Inc.  4,600  325,542 
Getty Realty Corp. (L)  7,800  125,580 
Gyrodyne Company of America, Inc. (I)  1,520  153,140 
iStar Financial, Inc. (I)  28,100  159,327 
Omega Healthcare Investors, Inc.  8,700  183,657 
One Liberty Properties, Inc.  6,700  118,791 
Pennymac Mortgage Investment Trust  10,000  184,700 
 
Real Estate Management & Development 0.1%     
Forest City Enterprises, Inc., Class A (I)(L)  16,400  219,596 
Tejon Ranch Company (I)(L)  4,600  122,544 
The St. Joe Company (I)(L)  13,500  215,595 
 
Thrifts & Mortgage Finance 0.0%     
Capitol Federal Financial, Inc.  9,900  115,335 
Fox Chase Bancorp, Inc.  10,700  137,174 
Franklin Financial Corp. (I)  9,500  145,635 
Hudson City Bancorp, Inc. (L)  20,900  129,580 
 
Health Care 29.2%    495,573,363 
 
Biotechnology 2.5%     
Amgen, Inc.  307,700  21,391,304 
AVEO Pharmaceuticals, Inc. (I)  19,100  243,143 
Biogen Idec, Inc. (I)  62,840  8,216,330 
Celgene Corp. (I)  25,500  1,740,375 
Cubist Pharmaceuticals, Inc. (I)  3,200  128,384 
Enzon Pharmaceuticals, Inc. (I)(L)  23,500  151,105 
Gilead Sciences, Inc. (I)  203,700  10,174,815 
Idenix Pharmaceuticals, Inc. (I)  19,000  171,760 
PDL BioPharma, Inc. (L)  26,900  174,581 
Pharmacyclics, Inc. (I)  6,500  204,230 
Targacept, Inc. (I)  23,400  97,110 
Theravance, Inc. (I)(L)  6,900  142,761 
 
Health Care Equipment & Supplies 4.3%     
Alere, Inc. (I)  8,800  161,656 
Baxter International, Inc.  209,700  10,615,014 
Becton, Dickinson and Company (L)  69,500  5,082,535 
C.R. Bard, Inc.  28,560  2,775,746 
CareFusion Corp. (I)  14,400  349,056 
Covidien PLC  73,200  3,790,296 
DENTSPLY International, Inc. (L)  20,200  747,400 
Edwards Lifesciences Corp. (I)  33,880  2,892,336 
Gen-Probe, Inc. (I)  14,200  1,148,922 
IDEXX Laboratories, Inc. (I)(L)  21,300  1,807,092 
Intuitive Surgical, Inc. (I)  15,640  8,181,284 
Medtronic, Inc.  440,234  16,218,221 
ResMed, Inc. (I)(L)  41,400  1,282,572 
St. Jude Medical, Inc.  104,600  4,018,732 

 

 5  

 


U.S. Equity Fund 
As of 5-31-12 (Unaudited) 

  Shares  Value 
 
Health Care (continued)     
Stryker Corp.  126,800  $6,523,860 
Varian Medical Systems, Inc. (I)(L)  39,900  2,340,534 
Wright Medical Group, Inc. (I)(L)  7,100  140,509 
Zimmer Holdings, Inc.  71,400  4,330,410 
 
Health Care Providers & Services 3.3%     
Aetna, Inc.  45,600  1,864,584 
AMERIGROUP Corp. (I)(L)  3,400  212,160 
AmerisourceBergen Corp.  34,400  1,272,456 
Cardinal Health, Inc.  25,200  1,042,776 
Coventry Health Care, Inc.  15,600  474,240 
Express Scripts Holding Company (I)  274,110  14,305,801 
HCA Holdings, Inc.  11,700  304,083 
Health Net, Inc. (I)  3,600  92,232 
Henry Schein, Inc. (I)  30,300  2,251,593 
Humana, Inc.  24,800  1,894,472 
Laboratory Corp. of America Holdings (I)(L)  61,200  5,096,736 
Lincare Holdings, Inc. (L)  6,000  137,580 
McKesson Corp.  19,300  1,684,504 
Mednax, Inc. (I)  17,600  1,073,776 
Patterson Companies, Inc. (L)  34,600  1,150,104 
Quest Diagnostics, Inc.  44,400  2,526,360 
UnitedHealth Group, Inc.  305,246  17,023,569 
WellCare Health Plans, Inc. (I)  2,400  135,528 
WellPoint, Inc.  44,600  3,005,594 
 
Health Care Technology 0.3%     
Cerner Corp. (I)(L)  56,220  4,382,911 
Quality Systems, Inc. (L)  19,500  557,895 
SXC Health Solutions Corp. (I)  2,700  242,217 
 
Life Sciences Tools & Services 0.2%     
Mettler-Toledo International, Inc. (I)  930  145,192 
Techne Corp.  13,300  902,538 
Waters Corp. (I)  29,600  2,361,488 
 
Pharmaceuticals 18.6%     
Abbott Laboratories  789,700  48,795,563 
Allergan, Inc.  107,726  9,722,272 
Bristol-Myers Squibb Company  736,100  24,541,574 
Eli Lilly & Company  663,200  27,158,040 
Endo Pharmaceuticals Holdings, Inc. (I)  40,500  1,317,060 
Forest Laboratories, Inc. (I)  124,100  4,343,500 
Johnson & Johnson  1,056,900  65,982,267 
Merck & Company, Inc.  1,556,132  58,479,441 
Perrigo Company  4,000  415,560 
Pfizer, Inc.  3,443,012  75,298,672 
ViroPharma, Inc. (I)(L)  6,800  136,952 
 
Industrials 3.1%    53,142,186 
 
Aerospace & Defense 0.8%     
Alliant Techsystems, Inc.  3,800  186,010 
Exelis, Inc.  15,400  154,000 
GenCorp, Inc. (I)(L)  23,500  143,820 
General Dynamics Corp.  35,200  2,253,152 
Huntington Ingalls Industries, Inc. (I)  3,600  132,408 
L-3 Communications Holdings, Inc.  13,500  920,565 
Lockheed Martin Corp.  11,800  977,040 

 

 6  

 


U.S. Equity Fund 
As of 5-31-12 (Unaudited) 

  Shares  Value 
 
Industrials (continued)     
Northrop Grumman Corp.  17,000  $998,750 
Raytheon Company  28,600  1,439,152 
Rockwell Collins, Inc. (L)  16,700  841,179 
United Technologies Corp.  68,200  5,054,302 
 
Air Freight & Logistics 0.2%     
C.H. Robinson Worldwide, Inc. (L)  52,900  3,081,954 
 
Airlines 0.0%     
Republic Airways Holdings, Inc. (I)(L)  25,500  138,210 
 
Building Products 0.0%     
Quanex Building Products Corp.  9,800  161,798 
 
Commercial Services & Supplies 0.3%     
Copart, Inc. (I)  23,900  647,929 
Pitney Bowes, Inc. (L)  14,500  197,780 
R.R. Donnelley & Sons Company (L)  11,200  120,512 
Rollins, Inc.  46,750  992,970 
Stericycle, Inc. (I)(L)  29,900  2,609,074 
 
Industrial Conglomerates 1.3%     
3M Company  243,200  20,528,512 
Danaher Corp.  33,100  1,720,207 
Tyco International, Ltd.  10,800  574,128 
 
Machinery 0.0%     
ITT Corp. (L)  7,250  148,843 
John Bean Technologies Corp.  16,500  229,845 
Lydall, Inc. (I)  17,900  222,855 
Oshkosh Corp. (I)  10,000  204,700 
 
Professional Services 0.1%     
Dun & Bradstreet Corp.  10,100  682,457 
Verisk Analytics, Inc., Class A (I)  7,300  349,670 
 
Trading Companies & Distributors 0.4%     
Fastenal Company (L)  83,800  3,706,474 
W.W. Grainger, Inc. (L)  19,230  3,723,890 
 
Information Technology 27.9%    472,991,328 
 
Communications Equipment 2.4%     
Cisco Systems, Inc.  433,117  7,072,801 
Harris Corp. (L)  14,400  572,832 
QUALCOMM, Inc.  570,498  32,695,240 
Sycamore Networks, Inc. (I)  12,200  161,772 
Symmetricom, Inc. (I)  46,300  252,335 
ViaSat, Inc. (I)(L)  6,400  268,928 
 
Computers & Peripherals 4.2%     
Apple, Inc. (I)  86,590  50,025,641 
Dell, Inc. (I)  233,915  2,884,172 
EMC Corp. (I)  215,800  5,146,830 
Hewlett-Packard Company  399,413  9,058,687 
Lexmark International, Inc., Class A (L)  3,600  90,036 
NCR Corp. (I)  7,800  167,076 
SanDisk Corp. (I)  79,800  2,609,460 
Seagate Technology PLC  21,700  508,431 
Western Digital Corp. (I)  46,600  1,462,774 
 
Electronic Equipment, Instruments & Components 0.1%     
Arrow Electronics, Inc. (I)  4,100  139,031 

 

 7  

 


U.S. Equity Fund 
As of 5-31-12 (Unaudited) 

  Shares  Value 
 
Information Technology (continued)     
Avnet, Inc. (I)  3,500  $106,715 
Ingram Micro, Inc., Class A (I)  18,600  331,638 
Insight Enterprises, Inc. (I)  7,800  116,142 
Richardson Electronics, Ltd.  21,100  243,705 
SYNNEX Corp. (I)  3,500  116,725 
Tech Data Corp. (I)  3,100  147,591 
 
Internet Software & Services 4.6%     
AOL, Inc. (I)  8,900  244,127 
EarthLink, Inc.  23,800  192,066 
eBay, Inc. (I)  109,700  4,299,143 
Google, Inc., Class A (I)  125,160  72,700,438 
IAC/InterActiveCorp  2,700  121,284 
VistaPrint NV (I)(L)  4,000  135,520 
 
IT Services 7.0%     
Accenture PLC, Class A (L)  228,500  13,047,350 
Alliance Data Systems Corp. (I)  1,210  152,460 
Amdocs, Ltd. (I)  69,100  1,986,625 
Automatic Data Processing, Inc.  119,800  6,247,570 
CACI International, Inc., Class A (I)  2,300  98,440 
Cognizant Technology Solutions Corp., Class A (I)  55,600  3,238,700 
Computer Sciences Corp.  5,300  141,192 
DST Systems, Inc.  3,100  158,410 
Fiserv, Inc. (I)  5,900  397,837 
Global Payments, Inc.  26,600  1,129,968 
International Business Machines Corp.  388,977  75,033,663 
Jack Henry & Associates, Inc. (L)  29,400  970,494 
Lender Processing Services, Inc.  5,600  129,248 
MasterCard, Inc., Class A  10,900  4,430,959 
NeuStar, Inc., Class A (I)  21,200  682,216 
Paychex, Inc. (L)  117,100  3,509,487 
SAIC, Inc. (L)  18,300  203,313 
Total Systems Services, Inc.  37,100  863,317 
Visa, Inc., Class A  49,720  5,727,744 
 
Office Electronics 0.0%     
Xerox Corp.  81,700  589,874 
 
Semiconductors & Semiconductor Equipment 0.5%     
First Solar, Inc. (I)(L)  13,970  175,463 
Intel Corp.  230,200  5,948,368 
Marvell Technology Group, Ltd. (I)  11,100  139,083 
Omnivision Technologies, Inc. (I)(L)  10,000  161,800 
Tessera Technologies, Inc.  9,800  133,182 
Texas Instruments, Inc.  36,300  1,033,824 
 
Software 9.1%     
Activision Blizzard, Inc.  38,000  446,120 
Adobe Systems, Inc. (I)  48,600  1,509,030 
ANSYS, Inc. (I)  24,500  1,515,938 
BMC Software, Inc. (I)  55,800  2,361,456 
Citrix Systems, Inc. (I)  43,500  3,178,980 
Compuware Corp. (I)  18,700  168,300 
FactSet Research Systems, Inc. (L)  16,090  1,696,369 
Informatica Corp. (I)  37,500  1,553,625 
Intuit, Inc.  97,600  5,488,048 
MICROS Systems, Inc. (I)  29,000  1,530,040 
Microsoft Corp.  2,706,085  78,990,621 

 

 8  

 


U.S. Equity Fund 
As of 5-31-12 (Unaudited) 

  Shares  Value 
 
Information Technology (continued)     
Oracle Corp.  2,096,647  $55,498,246 
Seachange International, Inc. (I)(L)  14,800  119,732 
Symantec Corp. (I)  49,400  733,096 
 
Materials 0.5%    9,075,185 
 
Chemicals 0.3%     
Airgas, Inc.  1,900  164,939 
CF Industries Holdings, Inc. (L)  2,110  360,726 
Ecolab, Inc.  68,000  4,298,280 
Huntsman Corp.  8,500  108,800 
Sigma-Aldrich Corp. (L)  18,700  1,297,219 
The Sherwin-Williams Company  1,370  177,607 
Valhi, Inc.  9,900  140,382 
 
Construction Materials 0.0%     
Vulcan Materials Company  2,500  86,625 
 
Metals & Mining 0.1%     
Freeport-McMoRan Copper & Gold, Inc.  21,400  685,656 
Globe Specialty Metals, Inc.  11,300  132,436 
Kaiser Aluminum Corp. (L)  2,500  119,975 
Suncoke Energy, Inc. (I)  11,200  157,248 
 
Paper & Forest Products 0.1%     
Schweitzer-Mauduit International, Inc.  20,109  1,345,292 
 
Telecommunication Services 0.7%    12,360,467 
 
Diversified Telecommunication Services 0.6%     
American Tower Corp.  7,000  454,160 
AT&T, Inc.  143,805  4,913,817 
Level 3 Communications, Inc. (I)  6,700  142,241 
Verizon Communications, Inc.  133,400  5,554,776 
 
Wireless Telecommunication Services 0.1%     
Crown Castle International Corp. (I)  15,400  840,840 
Sprint Nextel Corp. (I)  176,900  454,633 
 
Utilities 0.6%    10,545,475 
 
Electric Utilities 0.4%     
American Electric Power Company, Inc.  20,700  797,157 
Duke Energy Corp.  63,300  1,391,334 
Entergy Corp.  8,180  527,855 
Exelon Corp.  23,076  853,350 
FirstEnergy Corp.  19,100  893,689 
PPL Corp.  25,100  686,987 
Progress Energy, Inc.  11,700  641,394 
Southern Company (L)  31,400  1,441,574 
 
Multi-Utilities 0.2%     
Ameren Corp.  18,500  597,735 
CenterPoint Energy, Inc.  7,800  157,794 
Consolidated Edison, Inc.  11,800  712,248 
Dominion Resources, Inc. (L)  21,100  1,098,466 
DTE Energy Company  6,900  392,127 
NiSource, Inc.  14,100  353,765 

 

 9  

 


U.S. Equity Fund 
As of 5-31-12 (Unaudited) 

    Shares  Value 
Investment Companies 0.1%      $2,002,076 
(Cost $1,969,645)       
 
Financials 0.1%      2,002,076 
SPDR S&P 500 ETF Trust (L)    655  86,126 
The Health Care Select Sector SPDR Fund    53,000  1,915,950 
 
  Yield  Shares  Value 
Securities Lending Collateral 3.5%      $59,572,280 
(Cost $59,561,280)       
 
John Hancock Collateral Investment Trust (W)  0.3309%(Y)  5,952,942  59,572,280 
 
Short-Term Investments 1.9%      $32,534,740 
(Cost $32,534,740)       
 
State Street Institutional Treasury Money Market Fund  0.0000%(Y)  32,534,740  32,534,740 
 
Total investments (Cost $1,479,480,195)† 103.2%      $1,750,526,549 
 
Other assets and liabilities, net (3.2%)      ($54,728,351) 
 
Total net assets 100.0%    $1,695,798,198 



The percentage shown for each investment category is the total value of that category as a percentage of the net assets of the Fund.

(I) Non-income producing security.

(L) A portion of this security is on loan as of 5-31-12.

(W) Investment is an affiliate of the Fund, the adviser and/or subadviser. Also, it represents the investment of securities lending collateral received.

(Y) The rate shown is the annualized seven-day yield as of 5-31-12.

† At 5-31-12, the aggregate cost of investment securities for federal income tax purposes was $1,516,511,970 Net unrealized appreciation aggregated $234,014,579, of which $245,555,530 related to appreciated investment securities and $11,540,951 related to depreciated investment securities.

 10  

 


U.S. Equity Fund 
As of 5-31-12 (Unaudited) 

Notes to the Schedule of Investments

Security valuation. Investments are stated at value as of the close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In order to value the securities, the Fund uses the following valuation techniques. Equity securities, including exchange-traded funds, held by the Fund are valued at the last sale price or official closing price on the principal securities exchange on which they trade. In the event there were no sales during the day or closing prices are not available, then securities are valued using the last quoted bid or evaluated price. Investments by the Fund in open-end mutual funds, including John Hancock Collateral Investment Trust, are valued at their respective net asset values each business day. Certain securities traded only in the over-the-counter market are valued at the last bid price quoted by brokers making markets in the securities at the close of trading. Other portfolio securities and assets, where 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 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. Level 2 includes securities valued using 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, 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.

As of May 31, 2012, all investments are categorized as Level 1 under the hierarchy described above. Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. During the period ended May 31, 2012, there were no transfers between the levels described above.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

 11  

 






Retirement Living through 2050 Portfolio (formerly Lifecycle 2050 Portfolio)
As of 5-31-12 (Unaudited)

  Shares  Value 
 
AFFILIATED INVESTMENT COMPANIES - 99.8%     
 
Equity - 92.3%     
 
John Hancock Funds II (G) - 87.7%     
All Cap Value, Class NAV (Lord Abbett)  59,534  $613,204 
Alpha Opportunities, Class NAV (Wellington)  89,281  895,490 
Blue Chip Growth, Class NAV (T. Rowe Price)  50,675  1,154,890 
Capital Appreciation, Class NAV (Jennison)  93,441  1,154,927 
Capital Appreciation Value, Class NAV (T.Rowe Price)  139,473  1,483,989 
China Emerging Leaders, Class NAV (Atlantis) (I)  19,260  185,471 
Emerging Markets, Class NAV (DFA)  335,473  3,062,865 
Equity-Income, Class NAV (T. Rowe Price)  45,131  650,335 
Fundamental Large Cap Value, Class NAV (John Hancock1) (A)  63,148  613,167 
Fundamental Value, Class NAV (Davis)  60,062  895,527 
Global Real Estate, Class NAV (Deutsche)  80,138  574,589 
Health Sciences, Class NAV (T. Rowe Price) (I)  30,109  370,942 
Heritage, Class NAV (American Century)  32,702  239,702 
International Growth Stock, Class NAV (Invesco)  25,300  252,240 
International Small Cap, Class NAV (Franklin)  23,869  317,934 
International Small Company, Class NAV (DFA)  44,906  317,934 
International Value, Class NAV (Franklin)  21,858  252,240 
Mid Cap Stock, Class NAV (Wellington)  32,434  536,790 
Mid Cap Value Equity, Class NAV (Columbia)  21,526  192,445 
Mid Value, Class NAV (T. Rowe Price)  33,078  391,640 
Mutual Shares, Class NAV (Franklin)  52,867  555,633 
Natural Resources, Class NAV (Wellington)  72,922  1,093,833 
Real Estate Equity, Class NAV (T. Rowe Price)  21,280  191,517 
Redwood, Class NAV (RCM)  35,335  371,016 
Small Cap Growth, Class NAV (Wellington)  14,028  114,324 
Small Cap Value, Class NAV (Wellington)  9,249  145,483 
Small Company Growth, Class NAV (Invesco) (I)  8,172  114,324 
Small Company Value, Class NAV (T. Rowe Price)  7,558  194,856 
Smaller Company Growth, Class NAV (Frontier/John Hancock2 (A)/Perimeter)  11,649  99,829 
Strategic Equity Allocation, Class NAV (John Hancock1) (A)(I)  1,474,757  13,965,952 
U.S. Equity, Class NAV (GMO)  137,917  1,483,989 
Value, Class NAV (Invesco)  19,840  192,445 
 
John Hancock Funds III (G) - 4.3%     
Global Shareholder Yield, Class NAV (Epoch)  92,246  853,277 
International Core, Class NAV (GMO)  10,389  252,240 
Strategic Growth, Class NAV (John Hancock1) (A)  43,184  483,226 
 
John Hancock Investment Trust (G) - 0.3%     
Small Cap Intrinsic Value, Class NAV (John Hancock1) (A)  11,128  122,077 
 
Fixed Income - 4.7%     
 
John Hancock Funds II (G) - 4.7%     
Active Bond, Class NAV (John Hancock1/Declaration) (A)  5,572  57,165 
Floating Rate Income, Class NAV (WAMCO)  25,112  232,289 
Global Bond, Class NAV (PIMCO)  4,745  58,220 
Global High Yield, Class NAV (Stone Harbor)  17,695  177,840 
High Yield, Class NAV (WAMCO)  28,415  248,350 
Multi Sector Bond, Class NAV (Stone Harbor)  16,532  166,968 
Real Return Bond, Class NAV (PIMCO)  2,564  33,440 
Spectrum Income, Class NAV (T. Rowe Price)  17,449  187,225 

 

1 

 


Retirement Living through 2050 Portfolio (formerly Lifecycle 2050 Portfolio)
As of 5-31-12 (Unaudited)

Affiliated Investment Companies (continued)     
Strategic Income Opportunities, Class NAV (John Hancock1) (A)  17,617  $186,563 
Total Return, Class NAV (PIMCO)  17,104  244,929 
U.S. High Yield Bond, Class NAV (Wells Capital)  14,531  181,056 
 
Alternative - 2.8%     
 
John Hancock Funds II (G) - 2.8%     
Currency Strategies, Class NAV (First Quadrant) (I)  86,602  848,700 
Global Absolute Return Strategies, Class NAV (Standard Life) (I)  17,707  185,391 
 
Total investments (Cost $38,659,571) - 99.8%    $37,198,478 
 
Other assets and liabilities, net - 0.2%    73,255 
 
TOTAL NET ASSETS - 100.0%    $37,271,733 
 

 

Percentages are based upon net assets.

 

2 

 


Retirement Living through 2045 Portfolio (formerly Lifecycle 2045 Portfolio)
As of 5-31-12 (Unaudited)

  Shares  Value 
 
AFFILIATED INVESTMENT COMPANIES - 100.0%     
 
Affiliated Investment Companies – 100.0%     
 
Equity - 92.5%     
 
John Hancock Funds II (G) - 87.9%     
All Cap Value, Class NAV (Lord Abbett)  814,554  $8,389,902 
Alpha Opportunities, Class NAV (Wellington)  1,229,242  12,329,302 
Blue Chip Growth, Class NAV (T. Rowe Price)  698,344  15,915,264 
Capital Appreciation, Class NAV (Jennison)  1,281,005  15,833,225 
Capital Appreciation Value, Class NAV (T.Rowe Price)  1,990,653  21,180,552 
China Emerging Leaders, Class NAV (Atlantis) (I)  266,012  2,561,694 
Emerging Markets, Class NAV (DFA)  4,625,914  42,234,592 
Equity-Income, Class NAV (T. Rowe Price)  628,527  9,057,075 
Fundamental Large Cap Value, Class NAV (John Hancock1) (A)  866,977  8,418,346 
Fundamental Value, Class NAV (Davis)  830,767  12,386,739 
Global Real Estate, Class NAV (Deutsche)  1,121,426  8,040,624 
Health Sciences, Class NAV (T. Rowe Price) (I)  454,043  5,593,816 
Heritage, Class NAV (American Century)  456,172  3,343,742 
International Growth Stock, Class NAV (Invesco)  348,156  3,471,115 
International Small Cap, Class NAV (Franklin)  328,543  4,376,193 
International Small Company, Class NAV (DFA)  618,351  4,377,929 
International Value, Class NAV (Franklin)  300,846  3,471,758 
Mid Cap Stock, Class NAV (Wellington)  448,778  7,427,274 
Mid Cap Value Equity, Class NAV (Columbia)  300,146  2,683,303 
Mid Value, Class NAV (T. Rowe Price)  458,122  5,424,163 
Mutual Shares, Class NAV (Franklin)  733,129  7,705,190 
Natural Resources, Class NAV (Wellington)  993,163  14,897,446 
Real Estate Equity, Class NAV (T. Rowe Price)  298,950  2,690,547 
Redwood, Class NAV (RCM)  506,364  5,316,817 
Small Cap Growth, Class NAV (Wellington)  194,637  1,586,293 
Small Cap Value, Class NAV (Wellington)  128,908  2,027,723 
Small Company Growth, Class NAV (Invesco) (I)  113,657  1,590,068 
Small Company Value, Class NAV (T. Rowe Price)  105,580  2,721,843 
Smaller Company Growth, Class NAV (Frontier/John Hancock2(A)/Perimeter)  183,336  1,571,194 
Strategic Equity Allocation, Class NAV (John Hancock1) (A)(I)  20,376,622  192,966,610 
U.S. Equity, Class NAV (GMO)  1,979,941  21,304,169 
Value, Class NAV (Invesco)  279,690  2,712,995 
 
John Hancock Funds III (G) - 4.3%     
Global Shareholder Yield, Class NAV (Epoch)  1,290,081  11,933,246 
International Core, Class NAV (GMO)  143,011  3,472,298 
Strategic Growth, Class NAV (John Hancock1) (A)  591,615  6,620,168 
 
John Hancock Investment Trust (G) - 0.3%     
Small Cap Intrinsic Value, Class NAV (John Hancock1) (A)  154,376  1,693,504 
 
Fixed Income - 4.6%     
 
John Hancock Funds II (G) - 4.6%     
Active Bond, Class NAV (John Hancock1/Declaration) (A)  77,450  794,634 
Floating Rate Income, Class NAV (WAMCO)  384,913  3,560,450 
Global Bond, Class NAV (PIMCO)  66,971  821,736 
Global High Yield, Class NAV (Stone Harbor)  209,763  2,108,122 
High Yield, Class NAV (WAMCO)  336,447  2,940,545 
Multi Sector Bond, Class NAV (Stone Harbor)  232,891  2,352,199 
Real Return Bond, Class NAV (PIMCO)  35,018  456,633 
Spectrum Income, Class NAV (T. Rowe Price)  247,811  2,659,008 

 

3 

 


Retirement Living through 2045 Portfolio (formerly Lifecycle 2045 Portfolio)
As of 5-31-12 (Unaudited)

Affiliated Investment Companies (continued)     
Strategic Income Opportunities, Class NAV (John Hancock1) (A)  251,087  $2,659,008 
Total Return, Class NAV (PIMCO)  237,855  3,406,086 
U.S. High Yield Bond, Class NAV (Wells Capital)  171,945  2,142,440 
 
Alternative - 2.9%     
 
John Hancock Funds II (G) - 2.9%     
Currency Strategies, Class NAV (First Quadrant) (I)  1,238,654  12,138,807 
Global Absolute Return Strategies, Class NAV (Standard Life) (I)  257,210  2,692,985 
 
Total investments (Cost $504,609,940) 100.0%    $516,059,372 
 
Other assets and liabilities, net - (0.0%)    107,709 
 
TOTAL NET ASSETS - 100.0%    $516,167,081 
 

 

Percentages are based upon net assets.

 

4 

 


Retirement Living through 2040 Portfolio (formerly Lifecycle 2040 Portfolio)
As of 5-31-12 (Unaudited)

  Shares  Value 
 
AFFILIATED INVESTMENT COMPANIES - 100.0%     
 
Equity - 92.6%     
 
John Hancock Funds II (G) - 88.0%     
All Cap Value, Class NAV (Lord Abbett)  801,276  $8,253,135 
Alpha Opportunities, Class NAV (Wellington)  1,211,299  12,149,332 
Blue Chip Growth, Class NAV (T. Rowe Price)  688,701  15,695,491 
Capital Appreciation, Class NAV (Jennison)  1,259,303  15,564,989 
Capital Appreciation Value, Class NAV (T.Rowe Price)  1,954,206  20,792,756 
China Emerging Leaders, Class NAV (Atlantis) (I)  260,211  2,505,832 
Emerging Markets, Class NAV (DFA)  4,531,832  41,375,626 
Equity-Income, Class NAV (T. Rowe Price)  618,711  8,915,626 
Fundamental Large Cap Value, Class NAV (John Hancock1) (A)  854,092  8,293,229 
Fundamental Value, Class NAV (Davis)  817,793  12,193,290 
Global Real Estate, Class NAV (Deutsche)  1,104,151  7,916,762 
Health Sciences, Class NAV (T. Rowe Price) (I)  445,297  5,486,055 
Heritage, Class NAV (American Century)  446,388  3,272,027 
International Growth Stock, Class NAV (Invesco)  342,238  3,412,110 
International Small Cap, Class NAV (Franklin)  322,623  4,297,344 
International Small Company, Class NAV (DFA)  607,210  4,299,049 
International Value, Class NAV (Franklin)  295,425  3,409,205 
Mid Cap Stock, Class NAV (Wellington)  442,151  7,317,600 
Mid Cap Value Equity, Class NAV (Columbia)  294,933  2,636,702 
Mid Value, Class NAV (T. Rowe Price)  451,870  5,350,140 
Mutual Shares, Class NAV (Franklin)  719,894  7,566,081 
Natural Resources, Class NAV (Wellington)  975,269  14,629,029 
Real Estate Equity, Class NAV (T. Rowe Price)  294,344  2,649,100 
Redwood, Class NAV (RCM)  497,092  5,219,471 
Small Cap Growth, Class NAV (Wellington)  191,668  1,562,095 
Small Cap Value, Class NAV (Wellington)  127,149  2,000,051 
Small Company Growth, Class NAV (Invesco) (I)  111,932  1,565,934 
Small Company Value, Class NAV (T. Rowe Price)  104,139  2,684,698 
Smaller Company Growth, Class NAV (Frontier/John Hancock2 (A)/Perimeter)  180,409  1,546,106 
Strategic Equity Allocation, Class NAV (John Hancock1) (A) (I)  20,062,729  189,994,048 
U.S. Equity, Class NAV (GMO)  1,943,691  20,914,110 
Value, Class NAV (Invesco)  275,236  2,669,792 
 
John Hancock Funds III (G) - 4.3%     
Global Shareholder Yield, Class NAV (Epoch)  1,274,590  11,789,953 
International Core, Class NAV (GMO)  140,434  3,409,736 
Strategic Growth, Class NAV (John Hancock1) (A)  582,979  6,523,534 
 
John Hancock Investment Trust (G) - 0.3%     
Small Cap Intrinsic Value, Class NAV (John Hancock1) (A)  151,167  1,658,302 
 
Fixed Income - 4.6%     
 
John Hancock Funds II (G) - 4.6%     
Active Bond, Class NAV (John Hancock1/Declaration) (A)  74,544  764,821 
Floating Rate Income, Class NAV (WAMCO)  378,344  3,499,679 
Global Bond, Class NAV (PIMCO)  64,458  790,906 
Global High Yield, Class NAV (Stone Harbor)  207,635  2,086,733 
High Yield, Class NAV (WAMCO)  333,767  2,917,127 
Multi Sector Bond, Class NAV (Stone Harbor)  224,153  2,263,949 
Real Return Bond, Class NAV (PIMCO)  33,704  439,501 
Spectrum Income, Class NAV (T. Rowe Price)  238,513  2,559,247 

 

5 

 


Retirement Living through 2040 Portfolio (formerly Lifecycle 2040 Portfolio)
As of 5-31-12 (Unaudited)

Affiliated Investment Companies (continued)     
Strategic Income Opportunities, Class NAV (John Hancock1) (A)  241,666  $2,559,247 
Total Return, Class NAV (PIMCO)  228,931  3,278,296 
U.S. High Yield Bond, Class NAV (Wells Capital)  170,131  2,119,829 
 
Alternative - 2.8%     
 
John Hancock Funds II (G) - 2.8%     
Currency Strategies, Class NAV (First Quadrant) (I)  1,197,433  11,734,841 
Global Absolute Return Strategies, Class NAV (Standard Life) (I)  252,509  2,643,769 
 
Total investments (Cost $496,319,087) - 100.0%    $507,176,285 
 
Other assets and liabilities, net - 0.0%    105,565 
 
TOTAL NET ASSETS - 100.0%    $507,281,850 
 

 

Percentages are based upon net assets.

 

6 

 


Retirement Living through 2035 Portfolio (formerly Lifecycle 2035 Portfolio)
As of 5-31-12 (Unaudited)

  Shares  Value 
 
AFFILIATED INVESTMENT COMPANIES - 100.0%     
 
Equity - 92.4%     
 
John Hancock Funds II (G) - 87.8%     
All Cap Value, Class NAV (Lord Abbett)  1,042,064  $10,733,264 
Alpha Opportunities, Class NAV (Wellington)  1,573,557  15,782,773 
Blue Chip Growth, Class NAV (T. Rowe Price)  895,362  20,405,294 
Capital Appreciation, Class NAV (Jennison)  1,640,538  20,277,046 
Capital Appreciation Value, Class NAV (T.Rowe Price)  2,555,212  27,187,457 
China Emerging Leaders, Class NAV (Atlantis) (I)  337,119  3,246,452 
Emerging Markets, Class NAV (DFA)  5,867,156  53,567,137 
Equity-Income, Class NAV (T. Rowe Price)  808,568  11,651,459 
Fundamental Large Cap Value, Class NAV (John Hancock1) (A)  1,102,052  10,700,924 
Fundamental Value, Class NAV (Davis)  1,066,471  15,901,076 
Global Real Estate, Class NAV (Deutsche)  1,436,921  10,302,722 
Health Sciences, Class NAV (T. Rowe Price) (I)  575,894  7,095,016 
Heritage, Class NAV (American Century)  578,660  4,241,580 
International Growth Stock, Class NAV (Invesco)  442,758  4,414,298 
International Small Cap, Class NAV (Franklin)  417,816  5,565,307 
International Small Company, Class NAV (DFA)  786,372  5,567,514 
International Value, Class NAV (Franklin)  382,592  4,415,116 
Mid Cap Stock, Class NAV (Wellington)  571,778  9,462,926 
Mid Cap Value Equity, Class NAV (Columbia)  384,357  3,436,148 
Mid Value, Class NAV (T. Rowe Price)  590,537  6,991,956 
Mutual Shares, Class NAV (Franklin)  940,460  9,884,239 
Natural Resources, Class NAV (Wellington)  1,263,029  18,945,431 
Real Estate Equity, Class NAV (T. Rowe Price)  385,478  3,469,303 
Redwood, Class NAV (RCM)  650,676  6,832,100 
Small Cap Growth, Class NAV (Wellington)  247,860  2,020,059 
Small Cap Value, Class NAV (Wellington)  165,582  2,604,609 
Small Company Growth, Class NAV (Invesco) (I)  145,098  2,029,922 
Small Company Value, Class NAV (T. Rowe Price)  135,617  3,496,205 
Smaller Company Growth, Class NAV (Frontier/John Hancock2(A)/Perimeter)  235,119  2,014,971 
Strategic Equity Allocation, Class NAV (John Hancock1)(A)(I)  26,105,235  247,216,574 
U.S. Equity, Class NAV (GMO)  2,527,029  27,190,833 
Value, Class NAV (Invesco)  358,596  3,478,385 
 
John Hancock Funds III (G) - 4.3%     
Global Shareholder Yield, Class NAV (Epoch)  1,657,716  15,333,877 
International Core, Class NAV (GMO)  181,870  4,415,803 
Strategic Growth, Class NAV (John Hancock1) (A)  757,482  8,476,227 
 
John Hancock Investment Trust (G) - 0.3%     
Small Cap Intrinsic Value, Class NAV (John Hancock1) (A)  195,828  2,148,231 
 
Fixed Income - 4.7%     
 
John Hancock Funds II (G) - 4.7%     
Active Bond, Class NAV (John Hancock1/Declaration) (A)  99,747  1,023,402 
Floating Rate Income, Class NAV (WAMCO)  489,563  4,528,459 
Global Bond, Class NAV (PIMCO)  86,252  1,058,306 
Global High Yield, Class NAV (Stone Harbor)  270,603  2,719,558 
High Yield, Class NAV (WAMCO)  434,788  3,800,048 
Multi Sector Bond, Class NAV (Stone Harbor)  299,938  3,029,377 
Real Return Bond, Class NAV (PIMCO)  45,099  588,094 
Spectrum Income, Class NAV (T. Rowe Price)  319,153  3,424,513 

 

7 

 


Retirement Living through 2035 Portfolio (formerly Lifecycle 2035 Portfolio)
As of 5-31-12 (Unaudited)

Affiliated Investment Companies (continued)     
Strategic Income Opportunities, Class NAV (John Hancock1) (A)  323,372  $3,424,513 
Total Return, Class NAV (PIMCO)  306,332  4,386,669 
U.S. High Yield Bond, Class NAV (Wells Capital)  222,380  2,770,860 
 
Alternative - 2.9%     
 
John Hancock Funds II (G) - 2.9%     
Currency Strategies, Class NAV (First Quadrant) (I)  1,600,879  15,688,615 
Global Absolute Return Strategies, Class NAV (Standard Life) (I)  329,249  3,447,240 
 
Total investments (Cost $646,009,106) - 100.0%    $660,391,888 
 
Other assets and liabilities, net - 0.0%    124,405 
 
TOTAL NET ASSETS - 100.0%    $660,516,293 
 

 

Percentages are based upon net assets.

 

8 

 


Retirement Living through 2030 Portfolio (formerly Lifecycle 2030 Portfolio)
As of 5-31-12 (Unaudited)

  Shares  Value 
 
AFFILIATED INVESTMENT COMPANIES - 100.0%     
 
Equity - 85.9%     
 
John Hancock Funds II (G) - 81.5%     
All Cap Value, Class NAV (Lord Abbett)  1,197,203  $12,331,196 
Alpha Opportunities, Class NAV (Wellington)  1,822,173  18,276,397 
Blue Chip Growth, Class NAV (T. Rowe Price)  1,017,087  23,179,410 
Capital Appreciation, Class NAV (Jennison)  1,860,451  22,995,179 
Capital Appreciation Value, Class NAV (T.Rowe Price)  3,281,363  34,913,706 
China Emerging Leaders, Class NAV (Atlantis) (I)  418,348  4,028,689 
Emerging Markets, Class NAV (DFA)  6,671,184  60,907,911 
Equity-Income, Class NAV (T. Rowe Price)  931,208  13,418,702 
Fundamental Large Cap Value, Class NAV (John Hancock1) (A)  1,265,674  12,289,691 
Fundamental Value, Class NAV (Davis)  1,234,176  18,401,557 
Global Real Estate, Class NAV (Deutsche)  1,770,404  12,693,800 
Health Sciences, Class NAV (T. Rowe Price) (I)  724,589  8,926,934 
Heritage, Class NAV (American Century)  726,251  5,323,417 
International Growth Stock, Class NAV (Invesco)  456,857  4,554,869 
International Small Cap, Class NAV (Franklin)  456,827  6,084,931 
International Small Company, Class NAV (DFA)  859,795  6,087,345 
International Value, Class NAV (Franklin)  394,467  4,552,150 
Mid Cap Stock, Class NAV (Wellington)  694,434  11,492,881 
Mid Cap Value Equity, Class NAV (Columbia)  455,962  4,076,298 
Mid Value, Class NAV (T. Rowe Price)  753,253  8,918,520 
Mutual Shares, Class NAV (Franklin)  1,070,219  11,248,001 
Natural Resources, Class NAV (Wellington)  1,458,322  21,874,835 
Real Estate Equity, Class NAV (T. Rowe Price)  471,954  4,247,582 
Redwood, Class NAV (RCM)  802,220  8,423,308 
Small Cap Growth, Class NAV (Wellington)  253,893  2,069,231 
Small Cap Value, Class NAV (Wellington)  179,321  2,820,721 
Small Company Growth, Class NAV (Invesco) (I)  148,481  2,077,245 
Small Company Value, Class NAV (T. Rowe Price)  138,171  3,562,046 
Smaller Company Growth, Class NAV (Frontier/John Hancock2(A)/Perimeter)  239,074  2,048,862 
Strategic Equity Allocation, Class NAV (John Hancock1) (A)(I)  30,848,937  292,139,432 
U.S. Equity, Class NAV (GMO)  3,184,211  34,262,107 
Value, Class NAV (Invesco)  424,701  4,119,599 
 
John Hancock Funds III (G) - 4.1%     
Global Shareholder Yield, Class NAV (Epoch)  2,139,334  19,788,838 
International Core, Class NAV (GMO)  187,515  4,552,859 
Strategic Growth, Class NAV (John Hancock1) (A)  885,085  9,904,102 
 
John Hancock Investment Trust (G) - 0.3%     
Small Cap Intrinsic Value, Class NAV (John Hancock1) (A)  233,438  2,560,810 
 
Fixed Income - 11.1%     
 
John Hancock Funds II (G) - 11.1%     
Active Bond, Class NAV (John Hancock1/Declaration) (A)  416,062  4,268,794 
Floating Rate Income, Class NAV (WAMCO)  1,290,086  11,933,299 
Global Bond, Class NAV (PIMCO)  349,571  4,289,235 
Global High Yield, Class NAV (Stone Harbor)  767,624  7,714,619 
High Yield, Class NAV (WAMCO)  1,344,056  11,747,047 
Multi Sector Bond, Class NAV (Stone Harbor)  872,797  8,815,247 
Real Return Bond, Class NAV (PIMCO)  226,253  2,950,340 
Spectrum Income, Class NAV (T. Rowe Price)  898,865  9,644,817 

 

9 

 


Retirement Living through 2030 Portfolio (formerly Lifecycle 2030 Portfolio)
As of 5-31-12 (Unaudited)

Affiliated Investment Companies (continued)     
Strategic Income Opportunities, Class NAV (John Hancock1) (A)  910,198  $9,638,992 
Total Return, Class NAV (PIMCO)  955,324  13,680,241 
U.S. High Yield Bond, Class NAV (Wells Capital)  629,230  7,840,211 
 
Alternative - 3.0%     
 
John Hancock Funds II (G) - 3.0%     
Currency Strategies, Class NAV (First Quadrant) (I)  2,101,160  20,591,368 
Global Absolute Return Strategies, Class NAV (Standard Life) (I)  415,775  4,353,160 
 
Total investments (Cost $815,640,399) - 100.0%    $836,620,531 
 
Other assets and liabilities, net - 0.0%    147,898 
 
TOTAL NET ASSETS - 100.0%    $836,768,429 
 

 

Percentages are based upon net assets.

 

10 

 


Retirement Living through 2025 Portfolio (formerly Lifecycle 2025 Portfolio)
As of 5-31-12 (Unaudited)

  Shares  Value 
 
AFFILIATED INVESTMENT COMPANIES - 100.0%     
 
Equity - 77.5%     
 
John Hancock Funds II (G) - 73.4%     
All Cap Value, Class NAV (Lord Abbett)  1,189,448  $12,251,319 
Alpha Opportunities, Class NAV (Wellington)  1,765,174  17,704,696 
Blue Chip Growth, Class NAV (T. Rowe Price)  1,002,071  22,837,194 
Capital Appreciation, Class NAV (Jennison)  1,830,134  22,620,455 
Capital Appreciation Value, Class NAV (T.Rowe Price)  3,899,846  41,494,363 
China Emerging Leaders, Class NAV (Atlantis) (I)  493,318  4,750,654 
Emerging Markets, Class NAV (DFA)  6,924,826  63,223,658 
Equity-Income, Class NAV (T. Rowe Price)  934,315  13,463,486 
Fundamental Large Cap Value, Class NAV (John Hancock1) (A)  1,262,602  12,259,868 
Fundamental Value, Class NAV (Davis)  1,197,730  17,858,158 
Global Real Estate, Class NAV (Deutsche)  1,994,027  14,297,175 
Health Sciences, Class NAV (T. Rowe Price) (I)  830,960  10,237,428 
Heritage, Class NAV (American Century)  701,222  5,139,957 
International Growth Stock, Class NAV (Invesco)  477,218  4,757,861 
International Small Cap, Class NAV (Franklin)  433,629  5,775,941 
International Small Company, Class NAV (DFA)  816,000  5,777,280 
International Value, Class NAV (Franklin)  412,369  4,758,742 
Mid Cap Stock, Class NAV (Wellington)  697,564  11,544,691 
Mid Cap Value Equity, Class NAV (Columbia)  445,939  3,986,694 
Mid Value, Class NAV (T. Rowe Price)  753,920  8,926,415 
Mutual Shares, Class NAV (Franklin)  1,093,602  11,493,757 
Natural Resources, Class NAV (Wellington)  1,536,025  23,040,377 
Real Estate Equity, Class NAV (T. Rowe Price)  539,015  4,851,136 
Redwood, Class NAV (RCM)  928,851  9,752,936 
Small Cap Growth, Class NAV (Wellington)  209,625  1,708,443 
Small Cap Value, Class NAV (Wellington)  127,363  2,003,420 
Small Company Growth, Class NAV (Invesco) (I)  122,754  1,717,335 
Small Company Value, Class NAV (T. Rowe Price)  124,039  3,197,725 
Smaller Company Growth, Class NAV (Frontier/John Hancock2 (A)/Perimeter)  199,075  1,706,070 
Strategic Equity Allocation, Class NAV (John Hancock1) (A)(I)  32,239,498  305,308,046 
U.S. Equity, Class NAV (GMO)  3,832,514  41,237,856 
Value, Class NAV (Invesco)  415,032  4,025,811 
 
John Hancock Funds III (G) - 3.9%     
Global Shareholder Yield, Class NAV (Epoch)  2,455,859  22,716,694 
International Core, Class NAV (GMO)  196,025  4,759,483 
Strategic Growth, Class NAV (John Hancock1) (A)  924,882  10,349,434 
 
John Hancock Investment Trust (G) - 0.2%     
Small Cap Intrinsic Value, Class NAV (John Hancock1) (A)  208,508  2,287,337 
 
Fixed Income - 19.5%     
 
John Hancock Funds II (G) - 19.5%     
Active Bond, Class NAV (John Hancock1/Declaration) (A)  946,898  9,715,170 
Floating Rate Income, Class NAV (WAMCO)  2,649,056  24,503,767 
Global Bond, Class NAV (PIMCO)  811,592  9,958,234 
Global High Yield, Class NAV (Stone Harbor)  1,472,738  14,801,021 
High Yield, Class NAV (WAMCO)  2,513,414  21,967,235 
Multi Sector Bond, Class NAV (Stone Harbor)  1,834,540  18,528,854 
Real Return Bond, Class NAV (PIMCO)  539,461  7,034,568 
Spectrum Income, Class NAV (T. Rowe Price)  1,800,209  19,316,239 

 

11 

 


Retirement Living through 2025 Portfolio (formerly Lifecycle 2025 Portfolio)
As of 5-31-12 (Unaudited)

Affiliated Investment Companies (continued)     
Strategic Income Opportunities, Class NAV (John Hancock1) (A)  1,819,139  $19,264,681 
Total Return, Class NAV (PIMCO)  2,062,424  29,533,915 
U.S. High Yield Bond, Class NAV (Wells Capital)  1,208,742  15,060,931 
 
Alternative - 3.0%     
 
John Hancock Funds II (G) - 3.0%     
Currency Strategies, Class NAV (First Quadrant) (I)  2,426,846  23,783,090 
Global Absolute Return Strategies, Class NAV (Standard Life) (I)  479,714  5,022,600 
 
Total investments (Cost $945,365,649) - 100.0%    $972,312,200 
 
Other assets and liabilities, net - 0.0%    256,508 
 
TOTAL NET ASSETS - 100.0%    $972,568,708 
 

 

Percentages are based upon net assets.

 

12 

 


Retirement Living through 2020 Portfolio (formerly Lifecycle 2020 Portfolio)
As of 5-31-12 (Unaudited)

  Shares  Value 
 
AFFILIATED INVESTMENT COMPANIES - 100.0%     
 
Equity - 66.7%     
 
John Hancock Funds II (G) - 62.8%     
All Cap Value, Class NAV (Lord Abbett)  947,262  $9,756,799 
Alpha Opportunities, Class NAV (Wellington)  1,414,136  14,183,780 
Blue Chip Growth, Class NAV (T. Rowe Price)  744,954  16,977,502 
Capital Appreciation, Class NAV (Jennison)  1,360,548  16,816,375 
Capital Appreciation Value, Class NAV (T.Rowe Price)  3,507,802  37,323,008 
China Emerging Leaders, Class NAV (Atlantis) (I)  452,734  4,359,829 
Emerging Markets Class NAV (DFA)  5,092,319  46,492,875 
Equity-Income, Class NAV (T. Rowe Price)  751,897  10,834,842 
Fundamental Large Cap Value, Class NAV (John Hancock1) (A)  1,001,261  9,722,244 
Fundamental Value, Class NAV (Davis)  956,010  14,254,107 
Global Real Estate, Class NAV (Deutsche)  1,716,621  12,308,176 
Health Sciences, Class NAV (T. Rowe Price) (I)  794,423  9,787,292 
Heritage, Class NAV (American Century)  473,574  3,471,300 
International Growth Stock, Class NAV (Invesco)  295,948  2,950,604 
International Small Cap, Class NAV (Franklin)  308,681  4,111,627 
International Small Company, Class NAV (DFA)  581,299  4,115,594 
International Value, Class NAV (Franklin)  253,614  2,926,710 
Mid Cap Stock, Class NAV (Wellington)  445,094  7,366,299 
Mid Cap Value Equity, Class NAV (Columbia)  278,449  2,489,335 
Mid Value, Class NAV (T. Rowe Price)  501,965  5,943,265 
Mutual Shares, Class NAV (Franklin)  856,649  9,003,383 
Natural Resources, Class NAV (Wellington)  1,181,730  17,725,947 
Real Estate Equity, Class NAV (T. Rowe Price)  512,406  4,611,655 
Redwood, Class NAV (RCM)  856,623  8,994,544 
Small Cap Growth, Class NAV (Wellington)  481,103  3,920,989 
Small Company Value, Class NAV (T. Rowe Price)  154,759  3,989,678 
Strategic Equity Allocation, Class NAV (John Hancock1) (A)(I)  26,069,917  246,882,111 
U.S. Equity, Class NAV (GMO)  3,424,328  36,845,771 
Value, Class NAV (Invesco)  258,650  2,508,903 
 
John Hancock Funds III (G) - 3.6%     
Global Shareholder Yield, Class NAV (Epoch)  2,307,381  21,343,275 
International Core, Class NAV (GMO)  120,647  2,929,298 
Strategic Growth, Class NAV (John Hancock1) (A)  791,846  8,860,757 
 
John Hancock Investment Trust (G) - 0.3%     
Small Cap Intrinsic Value, Class NAV (John Hancock1) (A)  231,446  2,538,960 
 
Fixed Income - 30.4%     
 
John Hancock Funds II (G) - 30.4%     
Active Bond, Class NAV (John Hancock1/Declaration) (A)  2,462,821  25,268,547 
Floating Rate Income, Class NAV (WAMCO)  3,716,288  34,375,662 
Global Bond, Class NAV (PIMCO)  1,531,745  18,794,511 
Global High Yield, Class NAV (Stone Harbor)  1,735,491  17,441,689 
High Yield, Class NAV (WAMCO)  2,973,615  25,989,399 
Multi Sector Bond, Class NAV (Stone Harbor)  2,722,985  27,502,154 
Real Return Bond, Class NAV (PIMCO)  924,662  12,057,590 
Spectrum Income, Class NAV (T. Rowe Price)  2,563,108  27,502,154 
Strategic Income Opportunities, Class NAV (John Hancock1) (A)  2,596,993  27,502,154 
Total Return, Class NAV (PIMCO)  2,967,205  42,490,369 
U.S. High Yield Bond, Class NAV (Wells Capital)  1,426,220  17,770,706 

 

13 

 


Retirement Living through 2020 Portfolio (formerly Lifecycle 2020 Portfolio)
As of 5-31-12 (Unaudited)

Affiliated Investment Companies (continued)     
 
Alternative - 2.9%     
 
John Hancock Funds II (G) - 2.9%     
Currency Strategies, Class NAV (First Quadrant) (I)  2,200,395  $21,563,869 
Global Absolute Return Strategies, Class NAV (Standard Life) (I)  446,213  4,671,850 
 
Total investments (Cost $878,410,939) - 100.0%    $909,277,488 
 
Other assets and liabilities, net - 0.0%    58,455 
 
TOTAL NET ASSETS - 100.0%    $909,335,943 
 

 

Percentages are based upon net assets.

 

14 

 


Retirement Living through 2015 Portfolio (formerly Lifecycle 2015 Portfolio)
As of 5-31-12 (Unaudited)

  Shares  Value 
 
AFFILIATED INVESTMENT COMPANIES - 100.0%     
 
Equity - 54.8%     
 
John Hancock Funds II (G) - 51.7%     
All Cap Value, Class NAV (Lord Abbett)  477,079  $4,913,914 
Alpha Opportunities, Class NAV (Wellington)  754,241  7,565,035 
Blue Chip Growth, Class NAV (T. Rowe Price)  344,894  7,860,128 
Capital Appreciation, Class NAV (Jennison)  629,897  7,785,531 
Capital Appreciation Value, Class NAV (T.Rowe Price)  2,160,038  22,982,804 
China Emerging Leaders, Class NAV (Atlantis) (I)  300,764  2,896,354 
Emerging Markets, Class NAV (DFA)  2,468,229  22,534,934 
Equity-Income, Class NAV (T. Rowe Price)  410,044  5,908,732 
Fundamental Large Cap Value, Class NAV (John Hancock1) (A)  504,396  4,897,683 
Fundamental Value, Class NAV (Davis)  509,302  7,593,691 
Global Real Estate, Class NAV (Deutsche)  1,003,939  7,198,242 
Health Sciences, Class NAV (T. Rowe Price) (I)  540,572  6,659,844 
Heritage, Class NAV (American Century)  229,557  1,682,652 
International Growth Stock, Class NAV (Invesco)  154,532  1,540,687 
International Small Cap, Class NAV (Franklin)  154,006  2,051,356 
International Small Company, Class NAV (DFA)  288,245  2,040,774 
International Value, Class NAV (Franklin)  133,327  1,538,591 
Mid Cap Stock, Class NAV (Wellington)  194,238  3,214,641 
Mid Cap Value Equity, Class NAV (Columbia)  138,379  1,237,111 
Mid Value, Class NAV (T. Rowe Price)  225,042  2,664,493 
Mutual Shares, Class NAV (Franklin)  386,998  4,067,345 
Natural Resources, Class NAV (Wellington)  629,856  9,447,845 
Real Estate Equity, Class NAV (T. Rowe Price)  332,033  2,988,298 
Redwood, Class NAV (RCM)  499,895  5,248,901 
Small Cap Growth, Class NAV (Wellington)  353,732  2,882,916 
Small Company Value, Class NAV (T. Rowe Price)  113,001  2,913,161 
Strategic Equity Allocation, Class NAV (John Hancock1)(A)(I)  14,172,394  134,212,570 
U.S. Equity, Class NAV (GMO)  2,172,988  23,381,348 
Value, Class NAV (Invesco)  108,275  1,050,264 
 
John Hancock Funds III (G) - 3.1%     
Global Shareholder Yield, Class NAV (Epoch)  1,369,281  12,665,849 
International Core, Class NAV (GMO)  63,379  1,538,831 
Strategic Growth, Class NAV (John Hancock1) (A)  403,372  4,513,735 
 
Fixed Income - 42.4%     
 
John Hancock Funds II (G) - 42.4%     
Active Bond, Class NAV (John Hancock1/Declaration) (A)  3,349,203  34,362,820 
Floating Rate Income, Class NAV (WAMCO)  3,305,798  30,578,635 
Global Bond, Class NAV (PIMCO)  1,625,851  19,949,189 
Global High Yield, Class NAV (Stone Harbor)  1,234,686  12,408,598 
High Yield, Class NAV (WAMCO)  2,139,029  18,695,110 
Multi Sector Bond, Class NAV (Stone Harbor)  2,455,085  24,796,359 
Real Return Bond, Class NAV (PIMCO)  931,951  12,152,643 
Spectrum Income, Class NAV (T. Rowe Price)  2,308,296  24,768,021 
Strategic Income Opportunities, Class NAV (John Hancock1) (A)  2,332,850  24,704,885 
Total Return, Class NAV (PIMCO)  2,807,742  40,206,862 
U.S. High Yield Bond, Class NAV (Wells Capital)  1,012,087  12,610,603 

 

15 

 


Retirement Living through 2015 Portfolio (formerly Lifecycle 2015 Portfolio)
As of 5-31-12 (Unaudited)

Affiliated Investment Companies (continued)     
 
Alternative - 2.8%     
 
John Hancock Funds II (G) - 2.8%     
Currency Strategies, Class NAV (First Quadrant) (I)  1,433,551  $14,048,800 
Global Absolute Return Strategies, Class NAV (Standard Life) (I)  293,037  3,068,093 
 
Total investments (Cost $580,084,837) - 100.0%    $602,028,878 
 
Other assets and liabilities, net - 0.0%    59,828 
 
TOTAL NET ASSETS - 100.0%    $602,088,706 
 

 

Percentages are based upon net assets.

 

16 

 


Retirement Living through 2010 Portfolio (formerly Lifecycle 2010 Portfolio)
As of 5-31-12 (Unaudited)

  Shares  Value 
 
AFFILIATED INVESTMENT COMPANIES - 100.0%     
 
Equity - 44.6%     
 
John Hancock Funds II (G) - 41.6%     
All Cap Value, Class NAV (Lord Abbett)  233,356  $2,403,569 
Alpha Opportunities, Class NAV (Wellington)  369,203  3,703,102 
Blue Chip Growth, Class NAV (T. Rowe Price)  139,600  3,181,477 
Capital Appreciation, Class NAV (Jennison)  256,147  3,165,978 
Capital Appreciation Value, Class NAV (T.Rowe Price)  1,532,490  16,305,688 
China Emerging Leaders, Class NAV (Atlantis) (I)  204,447  1,968,827 
Emerging Markets, Class NAV (DFA)  1,117,843  10,205,904 
Equity-Income, Class NAV (T. Rowe Price)  207,836  2,994,923 
Fundamental Large Cap Value, Class NAV (John Hancock1) (A)  249,294  2,420,642 
Fundamental Value, Class NAV (Davis)  248,562  3,706,066 
Global Real Estate, Class NAV (Deutsche)  598,799  4,293,391 
Health Sciences, Class NAV (T. Rowe Price) (I)  412,789  5,085,555 
International Growth Stock, Class NAV (Invesco)  75,084  748,585 
International Small Company, Class NAV (DFA)  315,992  2,237,223 
International Value, Class NAV (Franklin)  64,881  748,724 
Mid Cap Stock, Class NAV (Wellington)  159,320  2,636,751 
Mid Value, Class NAV (T. Rowe Price)  222,534  2,634,797 
Mutual Shares, Class NAV (Franklin)  209,662  2,203,543 
Natural Resources, Class NAV (Wellington)  316,627  4,749,410 
Real Estate Equity, Class NAV (T. Rowe Price)  221,674  1,995,064 
Redwood, Class NAV (RCM)  338,812  3,557,521 
Small Cap Growth, Class NAV (Wellington)  144,389  1,176,772 
Small Company Value, Class NAV (T. Rowe Price)  45,613  1,175,907 
Strategic Equity Allocation, Class NAV (John Hancock1) (A)(I)  7,695,809  72,879,315 
U.S. Equity, Class NAV (GMO)  1,511,019  16,258,565 
 
John Hancock Funds III (G) – 3.0%     
Global Shareholder Yield, Class NAV (Epoch)  940,383  8,698,541 
International Core, Class NAV (GMO)  30,842  748,841 
Strategic Growth, Class NAV (John Hancock1) (A)  258,997  2,898,174 
 
Fixed Income – 52.6%     
 
John Hancock Funds II (G) – 52.6%     
Active Bond, Class NAV (John Hancock1/Declaration) (A)  3,501,045  35,920,722 
Floating Rate Income, Class NAV (WAMCO)  2,979,142  27,557,060 
Global Bond, Class NAV (PIMCO)  1,192,332  14,629,913 
Global High Yield, Class NAV (Stone Harbor)  876,193  8,805,741 
High Yield, Class NAV (WAMCO)  1,507,742  13,177,662 
Multi Sector Bond, Class NAV (Stone Harbor)  1,931,503  19,508,176 
Real Return Bond, Class NAV (PIMCO)  733,744  9,568,017 
Spectrum Income, Class NAV (T. Rowe Price)  1,816,019  19,485,882 
Strategic Income Opportunities, Class NAV (John Hancock1) (A)  1,835,336  19,436,210 
Total Return, Class NAV (PIMCO)  2,879,886  41,239,966 
U.S. High Yield Bond, Class NAV (Wells Capital)  720,087  8,972,284 
 
Alternative – 2.8%     
 
John Hancock Funds II (G) – 2.8%     
Currency Strategies, Class NAV (First Quadrant) (I)  967,320  9,479,733 
Global Absolute Return Strategies, Class NAV (Standard Life) (I)  210,853  2,207,635 

 

17 

 


Retirement Living through 2010 Portfolio (formerly Lifecycle 2010 Portfolio)
As of 5-31-12 (Unaudited)

Total investments (Cost $401,621,595) – 100.0%  $414,771,856 
 
Other assets and liabilities, net – 0.0%  (29,558) 
 
TOTAL NET ASSETS – 100.0%  $414,742,298 
 

 

Percentages are based upon net assets.

Footnote Legend:

(A) The subadviser is an affiliate of the adviser.

(G) The underlying fund’s subadviser is shown parenthetically.

(I) Non-income producing.

(1) Manulife Asset Management (US) LLC is doing business as John Hancock Asset Management.

(2) Manulife Asset Management (North America) Limited is doing business as John Hancock Asset Management.

18 

 


Investment companies

Underlying Funds’ Subadvisers

American Century Investment Management, Inc.  (American Century) 
 
Atlantis Investment Management (Hong Kong) Ltd.  (Atlantis) 
 
Columbia Management Investments Advisers, LLC  (Columbia) 
 
Davis Selected Advisers, L.P.  (Davis) 
 
Declaration Management & Research, LLC  (Declaration) 
 
Deutsche Investment Management Americas, Inc.  (Deutsche) 
 
Dimensional Fund Advisors LP  (DFA) 
 
Epoch Investment Partners, Inc.  (Epoch) 
 
First Quadrant, L.P.  (First Quadrant) 
 
Franklin Mutual Advisers   
Franklin Templeton Investment Corp.  (Franklin) 
Templeton Investments Counsel, LLC   
 
Frontier Capital Management Company, LLC  (Frontier) 
 
Grantham, Mayo, Van Otterloo & Co. LLC  (GMO) 
 
Invesco Advisers, Inc.  (Invesco) 
 
Jenninson Associates LLC  (Jenninson) 
 
John Hancock Asset Management*  (John Hancock) 
 
Lord, Abbot & Co. LLC  (Lord Abbett) 
 
Pacific Investment Management Company LLC  (PIMCO) 
 
Perimeter Capital Management  (Perimeter) 
 
RCM Capital Management LLC  (RCM) 
 
Standard Life Investments (Corporate Funds) Limited  (Standard Life) 
 
Stone Harbor Investments Partners LP  (Stone Harbor) 
 
T. Rowe Price Associates, Inc.  (T. Rowe Price) 
 
Wellington Management Company, LLP  (Wellington) 
 
Wells Capital Management, Incorporated  (Wells Capital) 
 
Western Asset Management Company  (WAMCO) 

 

*Manulife Asset Management (US) LLC and Manulife Asset Management (North America) Limited are doing business as John Hancock Asset Management.

 

19 

 


Retirement Living Portfolios (formerly Lifecycle Portfolios)
Notes to the Portfolios of Investments (unaudited)
As of 5-31-12

Security valuation. Investments are stated at value as of the close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. Investments by the Funds in underlying affiliated funds are valued at their respective net asset values each business day.

The Portfolios use 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 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 Portfolios’ own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events, 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.

As of May 31, 2012, all investments are categorized as Level 1 under the hierarchy described above. Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy.

Cost of Investment Securities for Federal Income Tax Purposes

The tax cost of investments owned on May 31, 2012 was as follows:

        Net Unrealized 
    Unrealized  Unrealized  Appreciation 
Portfolio  Aggregate Cost  Appreciation  Depreciation  (Depreciation) 
Retirement Living Through 2050  $38,661,749  $248,050  ($1,711,321)  ($1,463,271) 
Retirement Living Through 2045  517,382,115  14,434,795  (15,757,538)  (1,322,743) 
Retirement Living Through 2040  508,376,359  14,381,244  (15,581,318)  (1,200,074) 
Retirement Living Through 2035  661,697,430  19,053,208  (20,358,750)  (1,305,542) 
Retirement Living Through 2030  837,717,813  44,132,750  (45,230,032)  (1,097,282) 
Retirement Living Through 2025  968,795,176  27,072,618  (23,555,594)  3,517,024 
Retirement Living Through 2020  903,997,051  24,140,603  (18,860,166)  5,280,437 
Retirement Living Through 2015  596,753,411  15,358,021  (10,082,554)  5,275,467 
Retirement Living Through 2010  412,816,959  7,418,576  (5,463,679)  1,954,897 

 

For additional information on the Portfolios' significant accounting policies, please refer to the Portfolios' most recent semiannual or annual shareholder report.

 

20 

 



John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Active Bond Fund      
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 38.4%      
U.S. Government - 8.8%      
U.S. Treasury Bonds      
3.125%, 02/15/2042 $ 24,135,000 26,495,693
4.375%, 05/15/2041   1,260,000 1,718,325
U.S. Treasury Notes      
0.875%, 12/31/2016 to 04/30/2017   6,930,000 7,012,191
1.000%, 03/31/2017   18,000,000 18,309,384
1.250%, 01/31/2019   4,000,000 4,077,188
1.375%, 02/28/2019   2,000,000 2,054,376
1.500%, 07/31/2016 to 03/31/2019   16,740,000 17,349,215
1.750%, 05/15/2022   35,646,000 36,236,369
2.000%, 11/15/2021   5,000,000 5,219,140
2.125%, 08/15/2021   915,000 967,898
2.375%, 05/31/2018   3,700,000 4,029,529
2.625%, 11/15/2020   500,000 553,242
3.125%, 05/15/2021   4,870,000 5,582,238
U.S. Treasury Strips, PO      
2.911%, 11/15/2030   4,715,000 2,956,536
 
      132,561,324
U.S. Government Agency - 29.6%      
Federal Home Loan Mortgage Corp.      
1.750%, 05/30/2019   4,345,000 4,455,046
3.500%, 05/01/2042   11,050,000 11,618,569
4.000%, 07/01/2024 to 04/01/2042   2,968,224 3,141,308
5.000%, 03/01/2041 to 04/01/2041   8,191,430 8,996,214
6.500%, 06/01/2037 to 09/01/2039   5,562,702 6,230,623
Federal National Mortgage Association      
2.423%, 01/01/2036 (P)   541,200 576,931
2.428%, 05/01/2035 (P)   814,179 857,819
2.429%, 04/01/2042 (P)   1,556,846 1,621,912
2.682%, 04/01/2036 (P)   264,824 277,883
2.800%, 07/01/2033 (P)   1,036 1,108
3.500%, TBA   33,000,000 34,660,606
4.000%, TBA   61,500,000 65,500,465
4.000%, 10/01/2040 to 04/01/2042   51,677,345 55,372,556
4.375%, 03/15/2013   20,000 20,650
4.500%, TBA   66,500,000 71,351,075
4.500%, 06/01/2041 to 04/01/2042   21,503,812 23,377,420
5.000%, TBA   11,000,000 11,918,630
5.000%, 05/01/2018 to 04/01/2041   44,992,973 48,877,219
5.500%, 02/01/2018 to 03/01/2039   49,511,257 54,215,369
6.000%, 09/01/2022 to 11/01/2038   18,517,287 20,464,473
6.250%, 05/15/2029   157,000 228,352
6.500%, 02/01/2036 to 06/01/2039   9,613,311 10,821,132
7.000%, 12/01/2012 to 06/01/2032   15,136 17,058
7.500%, 09/01/2029 to 08/01/2031   2,646 3,085
Government National      
Mortgage Association      
4.000%, TBA   7,500,000 8,197,310
5.000%, 04/15/2035   42,356 46,889
5.500%, 03/15/2035   34,645 38,592
6.000%, 03/15/2033 to 06/15/2033   18,255 20,556
6.500%, 09/15/2028 to 08/15/2031   3,678 4,227
7.000%, 04/15/2029   1,610 1,856
8.000%, 10/15/2026   1,354 1,586
 
      442,916,519
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $561,697,027)   $ 575,477,843

 

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 0.1%      
Argentina - 0.1%      
City of Buenos Aires, Bond      
9.950%, 03/01/2017 (S) $ 1,510,000 $ 1,087,200
Republic of Argentina      
1.180%, 12/31/2038 (P) ARS 177,218 13,998
5.830%, 12/31/2033 (P)   72,870 18,588
12/15/2035 (I)   393,449 9,728
 
      1,129,514
Honduras - 0.0%      
Central American Bank for Economic      
Integration      
6.750%, 04/15/2013 (S) $ 12,000 12,493
Japan - 0.0%      
Government of Japan      
1.500%, 09/20/2014 JPY 1,350,000 17,778
Mexico - 0.0%      
Government of Mexico      
8.000%, 12/19/2013 to 12/07/2023 MXN 406,700 31,304
Panama - 0.0%      
Republic of Panama      
8.875%, 09/30/2027 $ 6,000 9,120
9.375%, 04/01/2029   1,000 1,600
 
      10,720
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $1,603,728)   $ 1,201,809
 
CORPORATE BONDS - 37.6%      
Consumer Discretionary - 3.9%      
Allison Transmission, Inc.      
7.125%, 05/15/2019 (S)   1,030,000 1,076,313
AMC Entertainment, Inc.      
8.750%, 06/01/2019   435,000 465,450
American Standard Americas      
10.750%, 01/15/2016 (S)   450,000 351,000
Arcos Dorados Holdings, Inc.      
10.250%, 07/13/2016 (S) BRL 1,355,000 710,471
AutoNation, Inc.      
5.500%, 02/01/2020 $ 1,140,000 1,148,550
6.750%, 04/15/2018   540,000 583,200
Burlington Coat Factory Warehouse Corp.      
10.000%, 02/15/2019   1,700,000 1,755,250
Cablevision Systems Corp.      
8.625%, 09/15/2017   320,000 349,600
CBS Corp. 7.875%, 07/30/2030   1,455,000 1,942,346
CCM Merger, Inc.      
9.125%, 05/01/2019 (S)   1,180,000 1,180,000
CCO Holdings LLC 8.125%, 04/30/2020   325,000 357,500
Cinemark USA, Inc.      
7.375%, 06/15/2021   470,000 502,900
8.625%, 06/15/2019   420,000 456,750
Comcast Corp. 6.550%, 07/01/2039   1,000,000 1,246,404
Corp. GEO SAB de CV      
8.875%, 03/27/2022 (S)   1,090,000 1,049,125
COX Communications, Inc.      
4.625%, 06/01/2013   340,000 352,279
5.450%, 12/15/2014   218,000 240,046
CSC Holdings LLC 7.875%, 02/15/2018   890,000 965,650
Darden Restaurants, Inc.      
6.800%, 10/15/2037   835,000 1,008,934
Downstream Development Authority of      
the Quapaw Tribe of Oklahoma      
10.500%, 07/01/2019 (S)   680,000 700,400

 

1

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
DR Horton, Inc. 4.750%, 05/15/2017 $ 925,000 $ 934,250
Exide Technologies      
8.625%, 02/01/2018 (L)   1,420,000 1,050,800
Expedia, Inc. 5.950%, 08/15/2020   1,160,000 1,230,050
Ford Motor Credit Company LLC      
5.000%, 05/15/2018   1,095,000 1,196,773
Greektown Superholdings, Inc.      
13.000%, 07/01/2015   1,115,000 1,215,350
Grupo Televisa SAB 6.625%, 01/15/2040   755,000 905,780
Harley-Davidson Financial Services, Inc.      
2.700%, 03/15/2017 (S)   1,000,000 1,007,472
Hillman Group, Inc. 10.875%, 06/01/2018   1,093,000 1,139,453
Hyundai Capital Services, Inc.      
4.375%, 07/27/2016 (S)   830,000 876,727
6.000%, 05/05/2015 (S)   1,030,000 1,126,269
Hyva Global BV 8.625%, 03/24/2016 (S)   725,000 618,063
Jacobs Entertainment, Inc.      
9.750%, 06/15/2014   1,340,000 1,336,650
Kia Motors Corp. 3.625%, 06/14/2016 (S)   765,000 788,508
Levi Strauss & Company      
7.625%, 05/15/2020 (L)   1,535,000 1,605,994
Limited Brands, Inc. 6.625%, 04/01/2021   825,000 884,813
Little Traverse Bay Bands of Odawa      
Indians 9.000%, 08/31/2020 (S)   771,000 701,610
Macy’s Retail Holdings, Inc.      
7.875%, 08/15/2036   1,140,000 1,226,653
Marina District Finance Company, Inc.      
9.500%, 10/15/2015 (L)   780,000 739,050
Marriott International, Inc.      
4.625%, 06/15/2012   26,000 26,022
MGM Resorts International      
8.625%, 02/01/2019 (S)   1,120,000 1,184,400
News America, Inc.      
6.150%, 03/01/2037 to 02/15/2041   1,330,000 1,519,535
6.400%, 12/15/2035   430,000 490,203
6.650%, 11/15/2037   865,000 999,431
6.750%, 01/09/2038   2,000 2,306
7.750%, 12/01/2045   9,000 11,038
Regal Cinemas Corp. 8.625%, 07/15/2019   270,000 293,625
Regal Entertainment Group      
9.125%, 08/15/2018   275,000 299,063
Rivers Pittsburgh Borrower LP      
9.500%, 06/15/2019 (S)   445,000 449,450
Seminole Indian Tribe of Florida      
6.535%, 10/01/2020 (S)   1,005,000 1,007,332
7.750%, 10/01/2017 (S)   795,000 854,625
Simmons Foods, Inc.      
10.500%, 11/01/2017 (S)   700,000 656,250
Target Corp. 7.000%, 01/15/2038   500,000 718,642
Time Warner Cable, Inc.      
5.000%, 02/01/2020   1,000,000 1,121,322
5.500%, 09/01/2041   1,450,000 1,561,361
6.550%, 05/01/2037   550,000 645,532
6.750%, 07/01/2018   2,010,000 2,436,464
Time Warner Companies, Inc.      
7.570%, 02/01/2024   34,000 43,888
Time Warner Entertainment Company LP      
8.375%, 07/15/2033   535,000 740,169
Time Warner, Inc. 7.625%, 04/15/2031   9,000 11,748
Toys R Us Property Company II LLC      
8.500%, 12/01/2017   275,000 282,906
UBM PLC 5.750%, 11/03/2020 (S)   630,000 649,006
Viacom, Inc.      
6.125%, 10/05/2017   1,500,000 1,793,696
6.875%, 04/30/2036   760,000 989,642

 

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Visteon Corp. 6.750%, 04/15/2019 $ 720,000 $ 717,300
Waterford Gaming LLC      
8.625%, 09/15/2014 (S)   136,676 78,651
XM Satellite Radio, Inc.      
7.625%, 11/01/2018 (S)   1,360,000 1,455,200
Yum! Brands, Inc.      
6.250%, 03/15/2018   405,000 488,346
6.875%, 11/15/2037   965,000 1,305,246
 
      57,858,832
Consumer Staples - 1.6%      
Ajecorp BV 6.500%, 05/14/2022 (S)   865,000 865,898
Alliance One International, Inc.      
10.000%, 07/15/2016   1,495,000 1,457,625
Anheuser-Busch Companies, Inc.      
6.500%, 02/01/2043   10,000 13,777
B&G Foods, Inc. 7.625%, 01/15/2018   575,000 615,250
Bunge, Ltd. Finance Corp.      
5.100%, 07/15/2015   345,000 370,308
8.500%, 06/15/2019   1,075,000 1,368,804
Cargill, Inc. 6.125%, 09/15/2036 (S)   665,000 841,192
Clorox Company      
5.000%, 03/01/2013   600,000 618,757
5.950%, 10/15/2017   500,000 584,335
Corp. Lindley SA 6.750%, 11/23/2021 (S)   300,000 318,000
Corp. Pesquera Inca SAC      
9.000%, 02/10/2017 (S)   760,000 805,600
CVS Caremark Corp. 6.125%, 08/15/2016   515,000 603,398
CVS Pass-      
Through Trust 8.353%, 07/10/2031 (S)   351,039 463,561
Del Monte Corp. 7.625%, 02/15/2019   655,000 635,350
General Mills, Inc.      
5.650%, 09/10/2012   421,000 426,492
5.700%, 02/15/2017   245,000 290,589
Kraft Foods, Inc. 6.125%, 02/01/2018   580,000 691,503
Kroger Company      
6.800%, 12/15/2018   920,000 1,136,169
7.000%, 05/01/2018   580,000 695,580
Lorillard Tobacco Company      
6.875%, 05/01/2020   295,000 349,786
McCormick & Company, Inc.      
5.750%, 12/15/2017   1,000,000 1,207,998
Nabisco, Inc. 7.550%, 06/15/2015   229,000 269,277
Philip Morris International, Inc.      
4.875%, 05/16/2013   300,000 312,340
Revlon Consumer Products Corp.      
9.750%, 11/15/2015   940,000 1,008,150
Reynolds Group Issuer, Inc.      
9.000%, 04/15/2019 (S)   1,040,000 998,400
9.875%, 08/15/2019 (S)   960,000 957,600
Rite Aid Corp. 9.250%, 03/15/2020 (S)   2,150,000 2,064,000
SABMiller PLC 6.500%, 07/15/2018 (S)   470,000 570,805
Safeway, Inc. 7.250%, 02/01/2031   680,000 762,501
Tate & Lyle International Finance PLC      
5.000%, 11/15/2014 (S)   208,000 220,939
Tesco PLC 6.150%, 11/15/2037 (S)   570,000 682,623
Yankee Candle Company, Inc.      
8.500%, 02/15/2015   34,000 34,850
YCC Holdings LLC, PIK      
10.250%, 02/15/2016   1,110,000 1,112,775
 
      23,354,232
Energy - 5.2%      
Afren PLC      
10.250%, 04/08/2019 (S)   710,000 717,100

 

2

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Energy (continued)      
Afren PLC (continued)      
11.500%, 02/01/2016 (S) $ 1,200,000 $ 1,251,000
Alpha Natural Resources, Inc.      
6.000%, 06/01/2019 (L)   305,000 272,975
6.250%, 06/01/2021 (L)   665,000 591,850
Anadarko Petroleum Corp.      
6.450%, 09/15/2036   2,750,000 3,221,950
8.700%, 03/15/2019   500,000 664,891
Apache Corp. 6.900%, 09/15/2018   455,000 573,581
Arch Coal, Inc.      
7.000%, 06/15/2019 (S)   385,000 330,138
7.250%, 06/15/2021 (S)   665,000 566,913
Astoria Depositor Corp., Series B      
8.144%, 05/01/2021 (S)   3,335,000 2,901,450
BJ Services Company 6.000%, 06/01/2018   880,000 1,060,536
BP Capital Markets PLC      
4.750%, 03/10/2019   1,000,000 1,135,850
BreitBurn Energy Partners LP      
7.875%, 04/15/2022 (S)   415,000 406,700
Cameron International Corp.      
5.950%, 06/01/2041   1,177,000 1,426,323
CNOOC Finance 2003, Ltd.      
5.500%, 05/21/2033 (S)   10,000 11,500
ConocoPhillips Canada Funding Company      
5.950%, 10/15/2036   1,000,000 1,260,425
DCP Midstream LLC      
9.750%, 03/15/2019 (S)   1,195,000 1,560,301
Devon Energy Corp.      
4.000%, 07/15/2021   1,000,000 1,079,734
5.625%, 01/15/2014   400,000 429,315
Devon Financing Corp. ULC      
7.875%, 09/30/2031   1,060,000 1,515,434
DTEK Finance BV      
9.500%, 04/28/2015 (S)   450,000 423,000
El Paso Pipeline Partners Operating      
Company LLC 5.000%, 10/01/2021   500,000 535,746
Enbridge Energy Partners LP      
6.500%, 04/15/2018   600,000 731,458
7.500%, 04/15/2038   600,000 790,076
Encana Corp. 6.500%, 08/15/2034   1,000,000 1,101,669
Energy Transfer Partners LP      
5.200%, 02/01/2022   1,850,000 1,957,097
9.700%, 03/15/2019   1,120,000 1,453,033
Enersis SA 7.375%, 01/15/2014   12,000 12,885
Enterprise Products Operating LLC      
4.850%, 08/15/2042   500,000 500,202
6.125%, 10/15/2039   1,000,000 1,167,165
6.300%, 09/15/2017   820,000 975,726
6.875%, 03/01/2033   209,000 259,303
Enterprise Products Operating LLC      
(7.000% to 06/01/2017, then 3 month      
LIBOR + 2.778%) , 06/01/2067   1,780,000 1,771,100
EV Energy Partners LP      
8.000%, 04/15/2019   1,010,000 1,020,100
Georgian Oil and Gas Corp.      
6.875%, 05/16/2017 (S)   1,090,000 1,051,850
Hess Corp. 5.600%, 02/15/2041   1,500,000 1,617,735
Kerr-McGee Corp. 6.950%, 07/01/2024   1,750,000 2,173,738
Kinder Morgan Energy Partners LP      
4.150%, 03/01/2022   1,000,000 1,024,124
5.800%, 03/15/2035   208,000 220,305
7.300%, 08/15/2033   212,000 252,608
7.750%, 03/15/2032   480,000 602,608
Linn Energy LLC      
6.250%, 11/01/2019 (S)   1,450,000 1,381,125

 

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Energy (continued)      
Linn Energy LLC (continued)      
8.625%, 04/15/2020 $ 555,000 $ 588,300
Marathon Oil Corp. 6.800%, 03/15/2032   760,000 990,000
Marathon Petroleum Corp.      
6.500%, 03/01/2041   590,000 656,072
MarkWest Energy Partners LP      
6.500%, 08/15/2021   1,170,000 1,208,025
McMoRan Exploration Company      
11.875%, 11/15/2014   725,000 757,625
Nabors Industries, Inc.      
5.000%, 09/15/2020   1,000,000 1,088,935
Newfield Exploration Company      
5.750%, 01/30/2022   885,000 931,463
Nexen, Inc.      
5.875%, 03/10/2035   212,000 220,907
6.400%, 05/15/2037   625,000 688,429
Noble Holding International, Ltd.      
4.900%, 08/01/2020   1,250,000 1,381,579
5.250%, 03/15/2042   500,000 508,493
6.200%, 08/01/2040   500,000 588,643
NuStar Logistics LP      
4.750%, 02/01/2022   2,000,000 2,056,524
6.050%, 03/15/2013   248,000 255,722
7.650%, 04/15/2018   1,110,000 1,299,384
Offshore Group Investments, Ltd.      
11.500%, 08/01/2015 (S)   1,200,000 1,278,000
ONEOK Partners LP 6.650%, 10/01/2036   1,245,000 1,502,811
Peabody Energy Corp.      
6.250%, 11/15/2021 (S)   820,000 817,950
Petro-Canada 6.050%, 05/15/2018   396,000 468,351
Petroleos Mexicanos      
4.875%, 01/24/2022 (S)   710,000 745,500
Precision Drilling Corp.      
6.625%, 11/15/2020   695,000 705,425
Spectra Energy Capital LLC      
6.200%, 04/15/2018   1,945,000 2,288,364
6.750%, 02/15/2032   511,000 627,525
Suncor Energy, Inc. 6.100%, 06/01/2018   760,000 906,081
Talisman Energy, Inc. 6.250%, 02/01/2038   1,150,000 1,268,238
Targa Resources Partners LP      
6.375%, 08/01/2022 (S)   710,000 706,450
Texas Eastern Transmission LP      
6.000%, 09/15/2017 (S)   685,000 796,858
TransCanada Pipelines, Ltd.      
7.125%, 01/15/2019   400,000 516,024
TransCanada Pipelines, Ltd. (6.350% to      
05/15/2017, then 3 month      
LIBOR + 2.210%) , 05/15/2067   1,740,000 1,787,582
Transocean, Inc.      
6.000%, 03/15/2018   1,000,000 1,127,350
6.375%, 12/15/2021   500,000 574,493
6.800%, 03/15/2038   2,000,000 2,326,042
Transportadora de Gas Internacional SA      
ESP 5.700%, 03/20/2022 (S)   765,000 780,300
Trinidad Drilling, Ltd.      
7.875%, 01/15/2019 (S)   565,000 593,250
Weatherford International, Inc.      
6.800%, 06/15/2037   340,000 386,216
Weatherford International, Ltd.      
6.500%, 08/01/2036   1,100,000 1,210,407
Williams Partners LP 7.250%, 02/01/2017   1,771,000 2,128,785
 
      78,762,722

 

3

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials - 14.1%      
Abbey National Treasury Services PLC      
4.000%, 04/27/2016 $ 1,115,000 $ 1,086,236
Affinion Group Holdings, Inc.      
11.625%, 11/15/2015   710,000 571,550
Aflac, Inc. 8.500%, 05/15/2019   1,095,000 1,448,973
Alexandria Real Estate Equities, Inc.      
4.600%, 04/01/2022   550,000 566,281
Alfa Bank OJSC 7.750%, 04/28/2021 (S)   375,000 351,188
Allied World Assurance Company, Ltd.      
7.500%, 08/01/2016   490,000 565,733
American Express Bank FSB      
6.000%, 09/13/2017   805,000 945,414
American Express Company      
7.000%, 03/19/2018   305,000 375,532
American International Group, Inc.      
3.800%, 03/22/2017   1,680,000 1,705,578
5.850%, 01/16/2018   1,100,000 1,206,464
6.400%, 12/15/2020   1,500,000 1,684,164
8.250%, 08/15/2018   680,000 818,001
Assurant, Inc. 5.625%, 02/15/2014   209,000 219,277
AvalonBay Communities, Inc.      
5.700%, 03/15/2017   1,500,000 1,741,095
AXA SA (6.379% to 12/14/2036, then      
3 month LIBOR + 2.256%)      
, 12/14/2036 (Q)(S)   1,175,000 904,750
AXA SA (6.463% to 12/14/2018, then      
3 month LIBOR + 1.449%)      
, 12/14/2018 (Q)(S)   1,000,000 820,000
Banco de Credito del Peru      
4.750%, 03/16/2016 (S)   480,000 490,800
Banco Santander Chile      
5.375%, 12/09/2014 (S)   5,000 5,209
Bank of America Corp.      
3.625%, 03/17/2016   1,250,000 1,237,444
5.000%, 05/13/2021   2,000,000 2,008,522
5.625%, 07/01/2020   1,000,000 1,036,350
5.650%, 05/01/2018   1,000,000 1,042,064
5.700%, 01/24/2022   2,685,000 2,854,598
5.750%, 12/01/2017   849,000 883,690
6.500%, 08/01/2016   765,000 828,611
7.625%, 06/01/2019   685,000 783,452
Bank of America NA      
5.300%, 03/15/2017   385,000 392,083
6.000%, 10/15/2036   880,000 864,780
Bank of Ceylon 6.875%, 05/03/2017 (S)   775,000 737,074
Barclays Bank PLC      
5.140%, 10/14/2020   820,000 785,805
6.050%, 12/04/2017 (S)   735,000 737,651
10.179%, 06/12/2021 (S)   675,000 790,374
BB&T Corp. 3.200%, 03/15/2016   500,000 529,863
Boston Properties LP      
3.700%, 11/15/2018   1,577,000 1,647,631
3.850%, 02/01/2023   470,000 472,576
6.250%, 01/15/2013   52,000 53,582
BPCE SA (12.500% to 09/30/2019, then      
3 month LIBOR + 12.980%)      
, 09/30/2019 (Q)(S)   645,000 625,669
Brandywine Operating Partnership LP      
5.700%, 05/01/2017   1,500,000 1,601,351
7.500%, 05/15/2015   990,000 1,105,497
BRE Properties, Inc. 5.500%, 03/15/2017   1,430,000 1,585,807
Camden      
Property Trust 5.000%, 06/15/2015   216,000 232,646
Capital One Financial Corp.      
3.150%, 07/15/2016   1,000,000 1,038,251

 

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
Capital One Financial Corp. (continued)      
4.750%, 07/15/2021 $ 1,500,000 $ 1,648,830
6.150%, 09/01/2016   1,545,000 1,730,613
6.750%, 09/15/2017   550,000 657,303
CIT Group, Inc. 5.500%, 02/15/2019 (S)   1,000,000 972,500
Citigroup, Inc.      
4.450%, 01/10/2017   1,350,000 1,392,863
4.500%, 01/14/2022   2,000,000 2,053,248
5.375%, 08/09/2020   2,000,000 2,151,074
5.625%, 08/27/2012   219,000 221,021
5.850%, 12/11/2034   970,000 1,020,355
6.125%, 11/21/2017   2,000,000 2,164,616
CNA Financial Corp.      
6.500%, 08/15/2016   1,700,000 1,921,175
7.250%, 11/15/2023   1,420,000 1,626,320
CNO Financial Group, Inc.      
9.000%, 01/15/2018 (S)   970,000 1,028,200
Colonial Realty LP 6.250%, 06/15/2014   211,000 223,895
CommonWealth REIT      
6.250%, 06/15/2017   275,000 295,642
6.650%, 01/15/2018   750,000 813,968
Corporacion Andina de Fomento      
5.200%, 05/21/2013   214,000 222,268
Credit Suisse New York      
4.375%, 08/05/2020   300,000 318,275
DDR Corp.      
5.375%, 10/15/2012   500,000 503,178
7.500%, 04/01/2017   2,555,000 2,934,765
Discover Bank 7.000%, 04/15/2020   695,000 812,935
Discover Financial Services      
5.200%, 04/27/2022 (S)   1,450,000 1,539,788
Dresdner Bank AG 7.250%, 09/15/2015   281,000 283,652
Entertainment      
Properties Trust 7.750%, 07/15/2020   920,000 1,005,451
ERP Operating LP      
5.125%, 03/15/2016   1,670,000 1,844,684
5.750%, 06/15/2017   775,000 896,793
First Horizon National Corp.      
5.375%, 12/15/2015   930,000 987,451
General Electric Capital Corp.      
0.947%, 08/15/2036 (P)   1,270,000 932,560
4.375%, 09/16/2020   885,000 955,402
5.300%, 02/11/2021   485,000 540,250
5.450%, 01/15/2013   261,000 268,730
5.625%, 05/01/2018   1,260,000 1,432,486
5.875%, 01/14/2038   305,000 347,762
6.000%, 08/07/2019   970,000 1,139,385
General Shopping Investments, Ltd.      
(12.000% to 03/20/2017, then 5 Year      
USGG + 11.052%) , 03/20/2017 (Q)(S)   690,000 648,600
Glen Meadow Pass-Through Trust      
(6.505% to 02/15/2017, then 3 month      
LIBOR + 2.125%) , 02/12/2067 (S)   2,035,000 1,500,813
Goodman Funding Pty, Ltd.      
6.375%, 04/15/2021 (S)   1,875,000 1,972,584
Hartford Financial Services Group, Inc.      
4.625%, 07/15/2013   8,000 8,226
5.125%, 04/15/2022   1,055,000 1,075,779
5.500%, 03/30/2020   1,325,000 1,400,703
6.625%, 03/30/2040   1,060,000 1,105,248
HBOS PLC (5.375% to 11/01/2013, then      
3 month LIBOR + 1.703%)      
, 11/01/2013 (Q)(S)   22,000 12,100
HCP, Inc. 3.750%, 02/01/2019   1,250,000 1,256,363

 

4

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
Health Care REIT, Inc.      
4.700%, 09/15/2017 $ 500,000 $ 529,601
4.950%, 01/15/2021   575,000 609,279
6.000%, 11/15/2013   215,000 226,878
6.125%, 04/15/2020   1,705,000 1,928,805
6.200%, 06/01/2016   470,000 520,699
Healthcare Realty Trust, Inc.      
5.750%, 01/15/2021   1,000,000 1,068,488
6.500%, 01/17/2017   962,000 1,055,531
Host Hotels & Resorts LP      
5.250%, 03/15/2022 (S)   1,155,000 1,153,556
ICICI Bank, Ltd. 5.750%, 11/16/2020 (S)   1,080,000 1,053,902
Intercorp      
Retail Trust 8.875%, 11/14/2018 (S)   385,000 408,100
International Lease Finance Corp.      
7.125%, 09/01/2018 (S)   650,000 715,000
Jefferies Group, Inc.      
5.125%, 04/13/2018   1,100,000 1,045,000
6.875%, 04/15/2021   570,000 550,050
8.500%, 07/15/2019   965,000 1,022,900
JPMorgan Chase & Company      
3.150%, 07/05/2016   1,000,000 1,019,916
4.250%, 10/15/2020   1,810,000 1,878,322
4.500%, 01/24/2022   1,300,000 1,387,949
6.000%, 01/15/2018   2,950,000 3,312,741
6.300%, 04/23/2019   1,267,000 1,473,027
JPMorgan Chase & Company (7.900% to      
04/30/2018, then 3 month      
LIBOR + 3.470%) , 04/30/2018 (Q)   1,235,000 1,339,308
Kimco Realty Corp.      
5.700%, 05/01/2017   690,000 763,030
6.875%, 10/01/2019   545,000 649,286
Lehman Brothers Holdings Inc      
3.375%, 01/26/2017 (H)   1,120,000 256,200
Liberty Mutual Group, Inc.      
4.950%, 05/01/2022 (S)   489,000 488,223
6.500%, 05/01/2042 (S)   690,000 704,021
7.800%, 03/15/2037 (S)   1,870,000 1,823,250
Liberty Property LP 5.500%, 12/15/2016   1,500,000 1,654,841
Lincoln National Corp.      
6.250%, 02/15/2020   1,000,000 1,135,635
8.750%, 07/01/2019   1,820,000 2,313,114
Lincoln National Corp. (6.050% to      
04/20/2017, then 3 month      
LIBOR + 2.040%) , 04/20/2067   2,662,000 2,409,110
Lloyds TSB Bank PLC      
5.800%, 01/13/2020 (S)   270,000 278,135
6.375%, 01/21/2021   1,315,000 1,419,328
Macquarie Bank, Ltd.      
6.625%, 04/07/2021 (S)   655,000 658,617
Macquarie Group, Ltd.      
6.000%, 01/14/2020 (S)   645,000 646,479
Markel Corp. 5.350%, 06/01/2021   1,500,000 1,619,876
Merrill Lynch & Company, Inc.      
0.710%, 06/06/2012 (P)   472,000 472,000
6.875%, 04/25/2018   1,935,000 2,127,072
7.750%, 05/14/2038   530,000 603,950
Metropolitan Life Global Funding I      
3.650%, 06/14/2018 (S)   1,500,000 1,590,572
5.125%, 04/10/2013 (S)   405,000 419,486
Morgan Stanley      
0.916%, 10/18/2016 (P)   830,000 695,546
5.500%, 07/24/2020 to 07/28/2021   3,950,000 3,701,742
5.550%, 04/27/2017   2,365,000 2,314,212
5.625%, 09/23/2019   1,000,000 954,693

 

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
Morgan Stanley (continued)      
5.750%, 01/25/2021 $ 1,835,000 $ 1,731,060
5.950%, 12/28/2017   290,000 289,146
6.000%, 04/28/2015   1,000,000 1,017,222
6.625%, 04/01/2018   140,000 142,159
7.300%, 05/13/2019   1,315,000 1,364,028
MPT Operating Partnership LP      
6.375%, 02/15/2022   835,000 830,825
6.875%, 05/01/2021   680,000 700,400
Nationstar Mortgage LLC      
9.625%, 05/01/2019 (S)   675,000 702,000
10.875%, 04/01/2015   1,555,000 1,679,400
Nelnet, Inc. 3.846%, 09/29/2036 (P)   1,420,000 1,150,975
Nordea Bank AB 3.125%, 03/20/2017 (S)   2,000,000 2,014,132
Oil Casualty Insurance, Ltd.      
8.000%, 09/15/2034 (S)   873,000 980,274
ProLogis LP      
4.500%, 08/15/2017   1,410,000 1,482,398
6.250%, 03/15/2017   2,380,000 2,675,313
7.625%, 08/15/2014   760,000 837,544
Prudential Financial, Inc.      
4.750%, 04/01/2014   227,000 239,173
5.375%, 06/21/2020   700,000 790,271
Rabobank Nederland NV      
3.375%, 01/19/2017   705,000 722,693
Rabobank Nederland NV (11.000% to      
06/30/2019, then 3 month      
LIBOR + 10.868%) , 06/30/2019 (Q)(S)   1,862,000 2,322,845
Realogy Corp. 7.875%, 02/15/2019 (S)   470,000 446,500
Realty Income Corp.      
5.375%, 09/15/2017   1,250,000 1,351,843
5.950%, 09/15/2016   560,000 629,133
Reckson Operating Partnership LP      
6.000%, 03/31/2016   1,500,000 1,596,528
Regions Financial Corp.      
7.750%, 11/10/2014   1,140,000 1,239,750
Santander Holdings USA, Inc.      
4.625%, 04/19/2016   310,000 301,877
Sberbank of Russia      
6.125%, 02/07/2022 (S)   800,000 819,512
Simon Property Group LP      
5.750%, 12/01/2015   530,000 597,648
SL Green Realty Corp.      
7.750%, 03/15/2020   1,335,000 1,543,875
SunTrust Banks, Inc. 3.500%, 01/20/2017   1,000,000 1,031,814
Svenska Handelsbanken AB      
2.875%, 04/04/2017   1,485,000 1,505,287
Symetra Financial Corp.      
6.125%, 04/01/2016 (S)   350,000 358,723
Synovus Financial Corp.      
7.875%, 02/15/2019   530,000 555,175
Teachers Insurance & Annuity Association      
of America 6.850%, 12/16/2039 (S)   1,745,000 2,295,767
The Bear Stearns Companies LLC      
7.250%, 02/01/2018   1,325,000 1,562,818
The Charles Schwab Corp. (7.000% to      
02/01/2022, then 3 month      
LIBOR + 4.820%) , 02/01/2022 (Q)   900,000 962,415
The Chubb Corp. (6.375% until      
04/15/2017, then 3 month      
LIBOR + 2.250%) , 03/29/2067   765,000 776,475
The Chuo Mitsui Trust & Banking      
Company, Ltd. (5.506% to 04/15/2015,      
then 3 month LIBOR + 2.490%)      
, 04/15/2015 (Q)(S)   150,000 156,975

 

5

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
The Goldman Sachs Group, Inc.      
3.625%, 02/07/2016 $ 1,000,000 $ 985,189
5.250%, 07/27/2021   745,000 737,494
5.375%, 03/15/2020   1,000,000 1,018,034
5.500%, 11/15/2014   447,000 469,947
5.750%, 01/24/2022   3,110,000 3,193,062
5.950%, 01/18/2018   750,000 783,662
6.000%, 05/01/2014   645,000 677,789
6.150%, 04/01/2018   2,030,000 2,120,248
6.750%, 10/01/2037   2,670,000 2,632,390
The Hanover Insurance Group, Inc.      
6.375%, 06/15/2021   370,000 407,753
Transatlantic Holdings, Inc.      
5.750%, 12/14/2015   575,000 625,546
Unum Group 7.125%, 09/30/2016   990,000 1,136,406
UnumProvident Finance Company PLC      
6.850%, 11/15/2015 (S)   1,470,000 1,648,843
USB Realty Corp.      
1.614%, 01/15/2017 (P)(Q)(S)   825,000 625,325
Ventas Realty LP      
4.000%, 04/30/2019   1,000,000 1,025,192
4.750%, 06/01/2021   2,015,000 2,107,448
Vornado Realty LP      
4.250%, 04/01/2015   2,740,000 2,880,666
5.000%, 01/15/2022   1,250,000 1,309,176
W.R. Berkley Corp.      
5.600%, 05/15/2015   915,000 986,965
6.150%, 08/15/2019   14,000 15,734
Wachovia Bank NA 5.850%, 02/01/2037   955,000 1,091,873
Wachovia Corp. 5.750%, 06/15/2017   1,060,000 1,229,848
WCI Finance LLC      
5.400%, 10/01/2012 (S)   610,000 618,158
WEA Finance LLC      
4.625%, 05/10/2021 (S)   1,000,000 1,056,525
6.750%, 09/02/2019 (S)   810,000 964,494
Willis Group Holdings PLC      
5.750%, 03/15/2021   2,315,000 2,563,457
Willis North America, Inc.      
7.000%, 09/29/2019   1,215,000 1,438,239
 
      211,000,376
Health Care - 1.0%      
Alere, Inc.      
7.875%, 02/01/2016   940,000 947,050
8.625%, 10/01/2018   550,000 547,938
Allergan, Inc. 5.750%, 04/01/2016   400,000 467,100
BioScrip, Inc. 10.250%, 10/01/2015   730,000 790,225
Catalent Pharma Solutions, Inc., PIK      
9.500%, 04/15/2015 (P)   953,137 974,583
Cigna Corp.      
4.500%, 03/15/2021   1,000,000 1,086,787
6.150%, 11/15/2036   500,000 595,933
Coventry Health Care, Inc.      
6.300%, 08/15/2014   420,000 458,419
Covidien International Finance SA      
6.000%, 10/15/2017   610,000 737,513
Endo Pharmaceuticals Holdings, Inc.      
7.250%, 01/15/2022   1,148,000 1,199,660
HCA, Inc. 7.500%, 02/15/2022   1,185,000 1,242,028
Medco Health Solutions, Inc.      
7.125%, 03/15/2018   1,310,000 1,625,081
Merck & Company, Inc.      
5.300%, 12/01/2013   218,000 233,618
National Mentor Holdings, Inc.      
12.500%, 02/15/2018 (S)   1,240,000 1,215,200

 

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Health Care (continued)      
Teva Pharmaceutical      
Finance Company LLC      
5.550%, 02/01/2016 $ 170,000 $ 194,702
6.150%, 02/01/2036   170,000 219,481
UnitedHealth Group, Inc.      
4.875%, 02/15/2013   225,000 231,580
5.375%, 03/15/2016   15,000 17,239
5.800%, 03/15/2036   115,000 139,025
Valeant Pharmaceuticals International, Inc.      
6.750%, 10/01/2017 (S)   185,000 185,000
6.875%, 12/01/2018 (S)   765,000 755,438
WellPoint, Inc.      
5.000%, 12/15/2014   208,000 226,880
6.375%, 06/15/2037   415,000 520,435
Wyeth LLC 5.500%, 03/15/2013   670,000 696,338
 
      15,307,253
Industrials - 3.5%      
Air Lease Corp. 5.625%, 04/01/2017 (S)   290,000 283,475
Aircastle, Ltd.      
6.750%, 04/15/2017 (S)   435,000 430,650
7.625%, 04/15/2020 (S)   430,000 431,075
America West Airlines 2000-1 Pass      
Through Trust 8.057%, 07/02/2020   468,247 496,342
American Airlines 2011-1 Class B Pass      
Through Trust 7.000%, 01/31/2018 (S)   1,741,582 1,724,166
Avis Budget Car Rental LLC      
8.250%, 01/15/2019 (S)   340,000 351,900
Bombardier, Inc. 7.750%, 03/15/2020 (S)   610,000 669,475
Caterpillar Financial Services Corp.      
5.450%, 04/15/2018   870,000 1,045,760
5.500%, 03/15/2016   405,000 468,117
7.150%, 02/15/2019   450,000 590,883
Coleman Cable, Inc. 9.000%, 02/15/2018   750,000 778,125
Continental Airlines 1997-4 Class A Pass      
Through Trust 6.900%, 01/02/2018   785,448 839,487
Continental Airlines 1998-1 Class A Pass      
Through Trust 6.648%, 09/15/2017   387,513 411,268
Continental Airlines 1999-1 Class A Pass      
Through Trust 6.545%, 02/02/2019   404,726 434,068
Continental Airlines 2000-2 Class B Pass      
Through Trust 8.307%, 04/02/2018   68,620 69,739
Continental Airlines 2007-1 Class A Pass      
Through Trust 5.983%, 04/19/2022   1,349,763 1,464,493
Continental Airlines 2010-1 Class A Pass      
Through Trust 4.750%, 01/12/2021   372,681 390,383
Continental Airlines 2012-1 Class B Pass      
Through Trust 6.250%, 04/11/2020   640,000 649,600
CSX Corp. 7.375%, 02/01/2019   727,000 930,190
Delta Air Lines 2002-1 Class G-1 Pass      
Through Trust 6.718%, 01/02/2023   1,457,747 1,545,212
Delta Air Lines 2007-1 Class A Pass      
Through Trust 6.821%, 08/10/2022   2,063,209 2,238,582
Delta Air Lines 2010-1 Class A Pass      
Through Trust 6.200%, 07/02/2018   305,757 330,982
Delta Air Lines 2011-1 Class A Pass      
Through Trust 5.300%, 04/15/2019   870,404 922,629
Ducommun, Inc. 9.750%, 07/15/2018   170,000 179,775
Eaton Corp. 4.900%, 05/15/2013   450,000 467,689
Embraer Overseas, Ltd.      
6.375%, 01/15/2020   890,000 979,000
Garda World Security Corp.      
9.750%, 03/15/2017 (S)   240,000 255,000
General Electric Company      
5.000%, 02/01/2013   247,000 254,094

 

6

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Industrials (continued)      
HD Supply, Inc. 8.125%, 04/15/2019 (S) $ 280,000 $ 291,900
Huntington Ingalls Industries, Inc.      
7.125%, 03/15/2021   1,220,000 1,265,750
Kratos Defense & Security Solutions, Inc.      
10.000%, 06/01/2017   585,000 620,100
Masco Corp.      
5.850%, 03/15/2017   705,000 732,797
7.125%, 03/15/2020   840,000 925,341
Navios South American Logistics, Inc.      
9.250%, 04/15/2019   1,255,000 1,154,600
Northwest Airlines 2002-1 Class G-2 Pass      
Through Trust 6.264%, 11/20/2021   407,244 423,533
Northwest Airlines 2007-1 Class A Pass      
Through Trust 7.027%, 11/01/2019   733,230 780,890
Odebrecht Finance, Ltd.      
6.000%, 04/05/2023 (S)   995,000 1,027,338
7.000%, 04/21/2020 (S)   685,000 746,650
7.500%, 09/14/2015 (Q)(S)   620,000 627,750
Parker Hannifin Corp.      
5.500%, 05/15/2018   1,000,000 1,201,940
Penske Truck Leasing Company LP      
3.750%, 05/11/2017 (S)   1,365,000 1,379,573
Steelcase, Inc. 6.375%, 02/15/2021   1,250,000 1,333,483
Textron Financial Corp. (6.000% to      
02/15/2017, then 3 month      
LIBOR + 1.735%) , 02/15/2067 (S)   3,585,000 2,778,375
Textron, Inc.      
5.600%, 12/01/2017   1,076,000 1,187,271
7.250%, 10/01/2019   710,000 841,295
The Hertz Corp.      
6.750%, 04/15/2019   1,705,000 1,743,363
6.750%, 04/15/2019 (S)   180,000 184,050
Tutor Perini Corp. 7.625%, 11/01/2018   830,000 827,925
Tyco Electronics Group SA      
4.875%, 01/15/2021   500,000 557,008
6.550%, 10/01/2017   730,000 876,364
Tyco International Finance SA      
8.500%, 01/15/2019   400,000 529,046
U.S. Airways 2010-1 Class A Pass      
Through Trust 6.250%, 04/22/2023   846,576 886,788
U.S. Airways 2012-1 Class A Pass      
Through Trust, Series 2012-1A,      
Class PTT 5.900%, 10/01/2024   530,000 538,613
UAL 2009-1 Pass      
Through Trust 10.400%, 11/01/2016   251,175 287,595
UAL 2009-2A Pass      
Through Trust 9.750%, 01/15/2017   930,898 1,065,878
Union Pacific Corp. 4.163%, 07/15/2022   686,000 770,486
United Air Lines 2007-1 Class C Pass      
Through Trust 3.059%, 07/02/2014 (P)   2,204,120 2,110,445
Voto-Votorantim Overseas Trading      
Operations NV 6.625%, 09/25/2019 (S)   1,170,000 1,260,675
Voto-Votorantim, Ltd.      
6.750%, 04/05/2021 (S)   1,185,000 1,273,875
Weyerhaeuser Company      
7.375%, 03/15/2032   1,865,000 2,113,230
 
      51,976,086
Information Technology - 0.3%      
Brightstar Corp. 9.500%, 12/01/2016 (S)   1,275,000 1,313,250
Hewlett-Packard Company      
4.375%, 09/15/2021   770,000 781,999
Science Applications International Corp.      
5.500%, 07/01/2033   825,000 889,903

 

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Information Technology (continued)      
XLIT Group, Ltd. 5.750%, 10/01/2021 $ 1,000,000 $ 1,104,671
 
      4,089,823
Materials - 2.9%      
Alcoa, Inc.      
5.400%, 04/15/2021   970,000 1,000,943
5.720%, 02/23/2019   150,000 160,226
5.870%, 02/23/2022   650,000 682,832
Allegheny Technologies, Inc.      
5.950%, 01/15/2021   390,000 439,772
9.375%, 06/01/2019   760,000 974,801
American Pacific Corp.      
9.000%, 02/01/2015   630,000 626,850
ArcelorMittal      
5.500%, 03/01/2021   1,000,000 952,921
6.250%, 02/25/2022   1,000,000 993,429
9.850%, 06/01/2019   800,000 947,632
ARD Finance SA, PIK      
11.125%, 06/01/2018 (S)   760,000 714,400
Braskem America Finance Company      
7.125%, 07/22/2041 (S)   900,000 879,750
Braskem Finance, Ltd.      
7.000%, 05/07/2020 (S)   2,445,000 2,628,375
Building Materials Corp. of America      
6.750%, 05/01/2021 (S)   560,000 572,600
CF Industries, Inc.      
6.875%, 05/01/2018   515,000 612,850
7.125%, 05/01/2020   685,000 828,850
Commercial Metals Company      
7.350%, 08/15/2018   820,000 836,400
Corporacion Nacional del Cobre de Chile      
5.500%, 10/15/2013 (S)   209,000 219,735
Eastman Chemical Company      
3.600%, 08/15/2022   815,000 813,048
4.500%, 01/15/2021   1,000,000 1,066,097
FMG Resources August 2006 Pty, Ltd.      
6.875%, 02/01/2018 to 04/01/2022 (S)   1,620,000 1,572,450
8.250%, 11/01/2019 (S)   425,000 438,813
Georgia-Pacific LLC      
5.400%, 11/01/2020 (S)   1,450,000 1,666,146
7.250%, 06/01/2028   490,000 601,972
Incitec Pivot Finance LLC      
6.000%, 12/10/2019 (S)   875,000 967,278
International Paper Company      
9.375%, 05/15/2019   1,025,000 1,372,366
JMC Steel Group 8.250%, 03/15/2018 (S)   440,000 444,400
LyondellBasell Industries NV      
5.000%, 04/15/2019 (S)   650,000 661,375
Magnesita Finance, Ltd.      
8.625%, 04/05/2017 (P)(S)   1,120,000 1,092,853
Metinvest BV 8.750%, 02/14/2018 (S)   970,000 856,025
Mongolian Mining Corp.      
8.875%, 03/29/2017 (S)   1,400,000 1,358,000
Polymer Group, Inc. 7.750%, 02/01/2019   275,000 286,000
Pretium Packaging LLC      
11.500%, 04/01/2016   410,000 417,175
Rain CII Carbon LLC      
8.000%, 12/01/2018 (S)   1,410,000 1,473,450
Rio Tinto Alcan, Inc. 5.000%, 06/01/2015   6,000 6,614
Severstal Columbus LLC      
10.250%, 02/15/2018   225,000 234,000
SunCoke Energy, Inc. 7.625%, 08/01/2019   645,000 638,550
Taseko Mines, Ltd. 7.750%, 04/15/2019   320,000 304,000
Teck Resources, Ltd.      
10.750%, 05/15/2019   254,000 308,804

 

7

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Materials (continued)      
Tekni-Plex, Inc. 9.750%, 06/01/2019 (S) $ 1,115,000 $ 1,106,638
Temple-Inland, Inc. 6.625%, 01/15/2018   1,835,000 2,203,169
The Dow Chemical Company      
4.125%, 11/15/2021   1,700,000 1,785,673
Thompson Creek Metals Company, Inc.      
7.375%, 06/01/2018   1,010,000 833,250
Vale Overseas, Ltd. 6.875%, 11/10/2039   785,000 906,466
Valspar Corp. 4.200%, 01/15/2022   1,000,000 1,056,285
Vulcan Materials Company      
7.500%, 06/15/2021   310,000 334,800
Westvaco Corp. 7.950%, 02/15/2031   1,870,000 2,139,256
Xstrata Canada Financial Corp.      
3.600%, 01/15/2017 (S)   1,500,000 1,557,311
4.950%, 11/15/2021 (S)   1,100,000 1,153,250
 
      43,727,880
Telecommunication Services - 2.4%      
American Tower Corp.      
4.700%, 03/15/2022   1,175,000 1,220,683
5.900%, 11/01/2021   1,500,000 1,677,836
AT&T, Inc.      
5.100%, 09/15/2014   16,000 17,486
5.350%, 09/01/2040   257,000 290,505
5.550%, 08/15/2041   800,000 940,494
5.600%, 05/15/2018   500,000 596,941
5.625%, 06/15/2016   12,000 13,957
6.300%, 01/15/2038   500,000 620,377
6.450%, 06/15/2034   580,000 713,126
BellSouth Corp.      
6.000%, 11/15/2034   820,000 918,299
6.550%, 06/15/2034   420,000 498,341
CenturyLink, Inc.      
5.800%, 03/15/2022   1,270,000 1,254,039
6.450%, 06/15/2021   830,000 860,404
7.600%, 09/15/2039   1,825,000 1,740,860
7.650%, 03/15/2042   1,000,000 955,173
Crown Castle Towers LLC      
4.174%, 08/15/2017 (S)   2,000,000 2,121,536
4.883%, 08/15/2020 (S)   1,445,000 1,585,022
6.113%, 01/15/2020 (S)   1,330,000 1,555,120
Deutsche Telekom      
International Finance BV      
6.750%, 08/20/2018   870,000 1,041,947
8.750%, 06/15/2030   227,000 314,026
Digicel, Ltd. 7.000%, 02/15/2020 (S)   320,000 309,600
Embarq Corp. 7.995%, 06/01/2036   2,082,000 2,137,852
GTP Acquisition Partners I LLC      
4.347%, 06/15/2016 (S)   1,660,000 1,738,946
7.628%, 06/15/2016 (S)   795,000 828,539
GTP Towers Issuer LLC      
8.112%, 02/15/2015 (S)   2,120,000 2,231,255
Nextel Communications, Inc.      
7.375%, 08/01/2015   1,180,000 1,153,450
NII Capital Corp. 8.875%, 12/15/2019   885,000 818,625
Oi SA 9.750%, 09/15/2016 (S) BRL 1,950,000 1,024,866
PAETEC Holding Corp.      
9.875%, 12/01/2018 $ 907,000 995,433
SBA Tower Trust 5.101%, 04/17/2017 (S)   940,000 1,031,047
Sprint Capital Corp.      
6.875%, 11/15/2028   900,000 668,250
8.750%, 03/15/2032   685,000 577,113
Telecom Italia Capital SA      
7.200%, 07/18/2036   960,000 820,800
Verizon Communications, Inc.      
6.100%, 04/15/2018   910,000 1,106,252

 

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Telecommunication Services (continued)      
Verizon Communications, Inc. (continued)      
6.900%, 04/15/2038 $ 450,000 $ 614,294
West Corp. 11.000%, 10/15/2016   1,065,000 1,122,244
 
      36,114,738
Utilities - 2.7%      
Allegheny Energy Supply Company LLC      
5.750%, 10/15/2019 (S)   1,255,000 1,367,059
American Electric Power Company, Inc.      
5.250%, 06/01/2015   210,000 229,079
American Water Capital Corp.      
6.085%, 10/15/2017   600,000 706,880
Appalachian Power Company      
5.800%, 10/01/2035   39,000 45,978
7.000%, 04/01/2038   425,000 582,435
Arizona Public Service Company      
5.500%, 09/01/2035   222,000 270,276
Beaver Valley II Funding      
9.000%, 06/01/2017   1,481,000 1,535,723
BVPS II Funding Corp.      
8.890%, 06/01/2017   210,000 232,891
CenterPoint Energy Houston Electric LLC      
6.950%, 03/15/2033   10,000 14,052
Centerpoint Energy Resources Corp.      
4.500%, 01/15/2021   202,000 222,101
CenterPoint Energy, Inc.      
6.500%, 05/01/2018   1,000,000 1,199,353
Cia de Saneamento Basico do Estado de      
Sao Paulo 6.250%, 12/16/2020 (S)   725,000 763,063
CMS Energy Corp. 5.050%, 03/15/2022   1,165,000 1,210,602
Commonwealth Edison Company      
5.800%, 03/15/2018   2,435,000 2,950,458
Constellation Energy Group, Inc.      
7.600%, 04/01/2032   246,000 327,823
Dominion Resources, Inc.      
5.000%, 03/15/2013   575,000 593,648
5.700%, 09/17/2012   207,000 209,990
DPL, Inc. 7.250%, 10/15/2021 (S)   1,450,000 1,576,875
Entergy Corp. 4.700%, 01/15/2017   1,000,000 1,050,133
Exelon Generation Company LLC      
6.250%, 10/01/2039   510,000 608,942
FirstEnergy Corp. 7.375%, 11/15/2031   676,000 862,590
Integrys Energy Group, Inc. (6.110% to      
12/01/2016, then 3 month      
LIBOR + 2.120%) , 12/01/2066   1,760,000 1,760,000
Ipalco Enterprises, Inc.      
5.000%, 05/01/2018   1,265,000 1,246,025
Israel Electric Corp., Ltd.      
7.250%, 01/15/2019 (S)   1,195,000 1,225,202
Michigan Consolidated Gas Company      
5.700%, 03/15/2033   14,000 16,616
Midwest Generation LLC, Series B      
8.560%, 01/02/2016   823,470 757,593
National Grid PLC 6.300%, 08/01/2016   485,000 562,242
NextEra Energy Capital Holdings, Inc.      
(6.350% to 10/31/2016, then 3 month      
LIBOR + 2.068%) , 10/01/2066   650,000 663,000
NRG Energy, Inc.      
7.625%, 01/15/2018   990,000 987,525
8.250%, 09/01/2020   1,085,000 1,068,725
NV Energy, Inc. 6.250%, 11/15/2020   625,000 686,381
Oncor Electric Delivery Company LLC      
4.100%, 06/01/2022 (S)   1,650,000 1,677,034
Pacific Gas & Electric Company      
8.250%, 10/15/2018   455,000 615,555

 

8

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Peco Energy Company      
5.350%, 03/01/2018 $ 1,000,000 $ 1,194,998
PNM Resources, Inc. 9.250%, 05/15/2015   1,766,000 2,044,145
PNPP II Funding Corp.      
9.120%, 05/30/2016   131,000 140,133
PPL Capital Funding, Inc. (6.700% to      
03/30/2017, then 3 month      
LIBOR + 2.665%) , 03/30/2067   1,285,000 1,275,363
PSEG Power LLC      
5.000%, 04/01/2014   214,000 228,145
8.625%, 04/15/2031   214,000 318,389
Public Service Company of New Mexico      
7.950%, 05/15/2018   1,000,000 1,230,172
Salton Sea Funding Corp., Series F      
7.475%, 11/30/2018   153,595 160,141
San Diego Gas & Electric Company      
6.125%, 09/15/2037   1,000,000 1,406,870
Sierra Pacific Power Company      
6.000%, 05/15/2016   840,000 982,061
Southern California Edison Company      
(6.250% to 02/01/2022, then 3 month      
LIBOR + 4.199%) , 02/01/2022 (Q)   705,000 741,977
SPI Electricity & Gas Australia      
Holdings Pty, Ltd.      
6.150%, 11/15/2013 (S)   16,000 16,722
TransAlta Corp. 6.650%, 05/15/2018   580,000 658,551
Virginia Electric and Power Company      
6.000%, 01/15/2036   620,000 808,621
W3A Funding Corp. 8.090%, 01/02/2017   1,143,832 1,145,868
Wisconsin Energy Corp. (6.250% to      
05/15/2017, then 3 month      
LIBOR + 2.113%) , 05/15/2067   1,000,000 1,025,000
 
      41,203,005
TOTAL CORPORATE BONDS (Cost $531,480,573) $ 563,394,947
 
CAPITAL PREFERRED SECURITIES - 1.2%    
Financials - 1.2%      
Allfirst Preferred      
Capital Trust 1.967%, 07/15/2029 (P)   310,000 233,259
Aon Corp. 8.205%, 01/01/2027   820,000 981,475
Fifth Third Capital Trust IV (6.500% to      
04/15/2017 then 3 month      
LIBOR + 1.368%) , 04/15/2037   2,095,000 2,053,100
Lloyds TSB Group PLC (6.413% to      
10/01/2035, then 3 month      
LIBOR + 1.496%) , 10/01/2035 (Q)(S)   1,585,000 895,525
MetLife Capital Trust X (9.250% to      
04/08/2038, then 3 month      
LIBOR + 5.540%) , 04/08/2068 (S)   805,000 957,950
PNC Financial Services Group, Inc.      
(6.750% to 08/01/2021, then 3 month      
LIBOR + 3.678%) , 08/01/2021 (Q)   525,000 543,401
PNC Preferred Funding Trust III (8.700%      
to 03/15/2013, then 3 month      
LIBOR + 5.226%) , 03/15/2013 (Q)(S)   2,220,000 2,268,796
Regions Financing Trust II (6.625% to      
05/15/2027, then 3 month      
LIBOR + 1.290%) , 05/15/2047   680,000 631,550
Schwab Capital Trust I (7.500% to      
11/15/2017, then 3 month      
LIBOR + 2.375%) , 11/15/2037   935,000 963,031
Sovereign Capital Trust VI      
7.908%, 06/13/2036   1,125,000 1,064,663

 

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CAPITAL PREFERRED SECURITIES (continued)  
Financials (continued)      
State Street Capital Trust III      
5.458%, 08/12/2012 (P)(Q) $ 1,790,000 $ 1,796,695
State Street Capital Trust IV      
1.468%, 06/15/2037 (P)   2,335,000 1,702,794
SunTrust Preferred Capital I      
4.000%, 08/12/2012 (Q)   102,000 70,380
USB Capital IX      
3.500%, 08/12/2012 (P)(Q)   1,525,000 1,141,219
ZFS Finance USA Trust II (6.450% to      
06/15/2016, then 3 month      
LIBOR + 2.000%) , 12/15/2065 (S)   960,000 931,200
ZFS Finance USA Trust V      
6.500%, 05/09/2037 (P)(S)   1,385,000 1,333,063
 
      17,568,101
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $17,938,855)   $ 17,568,101
 
CONVERTIBLE BONDS - 0.1%      
Consumer Discretionary - 0.0%      
XM Satellite Radio, Inc.      
7.000%, 12/01/2014 (S)   293,000 379,801
Industrials - 0.1%      
US Airways Group, Inc.      
7.250%, 05/15/2014   190,000 565,725
TOTAL CONVERTIBLE BONDS (Cost $504,498) $ 945,526
 
TERM LOANS (M) - 0.2%      
Consumer Discretionary - 0.2%      
CCM Merger, Inc.      
6.000%, 03/01/2017   411,552 407,437
Kalispel Tribal Economic Authority      
7.500%, 02/24/2017   1,324,879 1,298,382
Landry’s, Inc.      
6.500%, 04/24/2018   400,000 398,000
 
      2,103,819
Financials - 0.0%      
iStar Financial, Inc.      
7.000%, 06/30/2014   555,000 553,381
TOTAL TERM LOANS (Cost $2,657,814)   $ 2,657,200
 
MUNICIPAL BONDS - 0.2%      
George Washington University (District of      
Columbia) 5.095%, 09/15/2032 (P)   1,130,000 1,168,149
New Jersey State Turnpike Authority      
7.414%, 01/01/2040   540,000 793,951
State of California 7.600%, 11/01/2040   645,000 846,479
State of Illinois 5.100%, 06/01/2033   730,000 690,595
TOTAL MUNICIPAL BONDS (Cost $3,071,805) $ 3,499,174
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 16.0%      
Commercial & Residential - 11.7%      
American Home Mortgage Assets      
Series 2006-6, Class A1A,      
0.429%, 12/25/2046 (P)   385,527 171,789
Series 2006-6, Class XP IO,      
2.343%, 12/25/2046   4,953,218 316,011
American Home Mortgage      
Investment Trust, Series 2004-4,      
Class 5A 2.734%, 02/25/2045 (P)   326,034 282,704

 

9

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
American Tower Trust      
Series 2007-1A, Class C,      
5.615%, 04/15/2037 (S) $ 1,735,000 $ 1,824,706
Series 2007-1A, Class D,      
5.957%, 04/15/2037 (S)   1,695,000 1,775,963
Americold LLC Trust      
Series 2010-ARTA, Class C,      
6.811%, 01/14/2029 (S)   750,000 859,294
Series 2010-ARTA, Class D,      
7.443%, 01/14/2029 (S)   1,550,000 1,645,353
Banc of America      
Commercial Mortgage, Inc.      
Series 2005-5, Class XC IO,      
0.100%, 10/10/2045 (P)(S)   63,327,885 226,904
Series 2005-2, Class A4,      
4.783%, 07/10/2043 (P)   41,525 41,504
Series 2005-2, Class AJ,      
4.953%, 07/10/2043 (P)   50,846 52,079
Series 2006-4, Class AM,      
5.675%, 07/10/2046   2,465,000 2,550,775
Series 2006-3, Class A4,      
5.889%, 07/10/2044 (P)   2,295,000 2,577,274
Series 2006-2, Class AM,      
5.954%, 05/10/2045 (P)   1,390,000 1,477,911
Banc of America Large Loan, Inc.      
Series 2005-MIB1, Class B,      
0.502%, 03/15/2022 (P)(S)   681,686 678,345
Series 2005-MIB1, Class E,      
0.615%, 03/15/2022 (P)(S)   490,000 476,084
Banc of America Merrill Lynch      
Commercial Mortgage, Inc.,      
Series 2007-3, Class AM      
5.805%, 06/10/2049 (P)   1,000,000 959,071
Bear Stearns Alt-A Trust, Series 2004-12,      
Class 1A1 0.589%, 01/25/2035 (P)   1,680,439 1,467,025
Bear Stearns Asset Backed      
Securities, Inc., Series 2003-AC4,      
Class A 5.500%, 09/25/2033 (P)   5,138 5,314
Bear Stearns Commercial      
Mortgage Securities, Inc.      
Series 2005-PWR8, Class X1 IO,      
0.269%, 06/11/2041 (S)   58,789,409 847,684
Series 2004-PWR6, Class X1 IO,      
0.278%, 11/11/2041 (S)   44,460,048 657,742
Series 2004-T16, Class X1 IO,      
0.323%, 02/13/2046 (S)   436,486 6,190
Series 2004-PWR5, Class X1 IO,      
0.333%, 07/11/2042 (S)   319,866 5,438
Series 2006-T24, Class AY IO,      
0.623%, 10/12/2041 (S)   20,437,235 124,708
Series 2004-PWR5, Class X2 IO,      
1.049%, 07/11/2042   128,278,128 402,665
Series 2006-PW14, Class D,      
5.412%, 12/11/2038 (S)   1,075,000 361,390
Bear Stearns Mortgage Funding Trust,      
Series 2006-AR4, Class A1      
0.449%, 12/25/2036 (P)   1,360,187 588,874
CFCRE Commercial Mortgage Trust,      
Series 2011, Class C1 IO      
1.670%, 04/15/2044 (S)   13,355,974 853,180
Citigroup Commercial Mortgage Trust,      
Series 2006-C4, Class A3      
5.921%, 03/15/2049 (P)   2,500,000 2,825,320

 

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Citigroup/Deutsche Bank Commercial      
Mortgage Trust, Series 2005-CD1,      
Class C 5.394%, 07/15/2044 (P) $ 545,000 $ 451,782
Commercial Mortgage Pass      
Through Certificates      
Series 2012-LC4, Class XA IO,      
2.716%, 12/10/2044 (S)   6,251,548 996,916
Series 2003-LB1A, Class A2,      
4.084%, 06/10/2038   424,859 432,531
Series 2012-LC4, Class B,      
4.934%, 12/10/2044 (P)   1,090,000 1,132,586
Series 2012-LC4, Class C,      
5.825%, 12/10/2044 (P)   755,000 718,880
Series 2007-C9, Class A4,      
6.006%, 12/10/2049 (P)   3,325,000 3,825,166
Countrywide Home Loan Mortgage Pass      
Through Trust, Series 2004-HYB2,      
Class 4A 2.592%, 07/20/2034 (P)   695,788 656,152
Credit Suisse First Boston      
Mortgage Securities Corp.      
Series 2005-C1, Class AX IO,      
0.357%, 02/15/2038 (S)   69,714,838 587,975
Series 2004-C4, Class A4,      
4.283%, 10/15/2039   4,785 4,789
Series 2005-C1, Class A3,      
4.813%, 02/15/2038   283,867 290,967
Series 2002-CKN2, Class A3,      
6.133%, 04/15/2037   4,197 4,202
Credit Suisse Mortgage Capital      
Certificates, Series 2006-C1, Class A3      
5.593%, 02/15/2039 (P)   2,195,383 2,324,694
DBUBS Mortgage Trust,      
Series 2011-LC1A, Class A1      
3.742%, 11/10/2046 (S)   2,921,318 3,113,771
Extended Stay America Trust      
Series 2010-ESHA, Class B,      
4.221%, 11/05/2027 (S)   2,565,000 2,600,797
Series 2010-ESHA, Class C,      
4.860%, 11/05/2027 (S)   1,000,000 1,009,026
First Horizon Alternative Mortgage      
Securities, Series 2004-AA2, Class 2A1      
2.476%, 08/25/2034 (P)   1,221,555 1,044,983
Fontainebleau Resorts LLC      
Series 2012-FBLU, Class C,      
4.270%, 05/05/2027 (S)   1,940,000 1,966,442
Series 2012-FBLU, Class D,      
5.007%, 05/05/2027 (S)   1,395,000 1,434,691
FREMF Mortgage Trust      
Series 2011, Class K11,      
4.420%, 12/25/2048 (P)(S)   875,000 869,661
Series 2011-K10, Class B,      
4.598%, 11/25/2049 (P)(S)   1,055,000 1,063,534
GE Capital Commercial Mortgage Corp.      
Series 2005-C1, Class XC IO,      
0.725%, 06/10/2048 (S)   1,066,209 13,140
Series 2005-C1, Class AJ,      
4.826%, 06/10/2048 (P)   1,175,000 1,199,011
Series 2005-C3, Class A7A,      
4.974%, 07/10/2045 (P)   2,500,000 2,742,958
Series 2002-2A, Class A3,      
5.349%, 08/11/2036   14,492 14,483
GMAC Mortgage Loan Trust,      
Series 2004-AR2, Class 3A      
3.191%, 08/19/2034 (P)   1,746,868 1,646,783

 

10

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Greenwich Capital      
Commercial Funding Corp.      
Series 2007-GG9, Class C,      
5.554%, 03/10/2039 (P) $ 730,000 $ 156,497
Series 2006-GG7, Class AM,      
6.071%, 07/10/2038 (P)   2,715,000 2,782,924
GS Mortgage Securities Corp. II      
Series 2005-GG4, Class XC IO,      
0.322%, 07/10/2039 (S)   1,572,651 28,460
Series 2010-C2, Class XA IO,      
0.859%, 12/10/2043 (S)   61,583,577 1,593,845
Series ALF, Class XA1 IO,      
3.566%, 02/10/2021 (S)   14,239,459 630,808
Series 2011-ALF, Class D,      
4.209%, 02/10/2021 (S)   1,500,000 1,495,950
Series 2007-GG10, Class A4,      
5.979%, 08/10/2045 (P)   2,000,000 2,183,546
GSR Mortgage Loan Trust      
Series 2005-AR6, Class 3A1,      
2.613%, 09/25/2035 (P)   2,025,351 1,853,310
Series 2004-9, Class B1,      
3.183%, 08/25/2034 (P)   274,178 114,910
Series 2006-AR1, Class 3A1,      
4.998%, 01/25/2036 (P)   613,247 508,395
Harborview Mortgage Loan Trust      
Series 2007-6, Class ES IO,      
0.342%, 08/19/2037 (S)   6,404,331 40,027
Series 2007-3, Class ES IO,      
0.350%, 05/19/2047   7,606,730 47,542
Series 2007-4, Class ES IO,      
0.350%, 07/19/2047   9,278,792 57,992
Series 2005-11, Class X IO,      
2.002%, 08/19/2045   5,755,865 281,468
Series 2004-11, Class X1 IO,      
2.010%, 01/19/2035   10,597,057 796,899
Series 2005-8, Class 1X IO,      
2.140%, 09/19/2035   7,466,079 355,126
IndyMac Index Mortgage Loan Trust      
Series 2005-AR18, Class 2X IO,      
1.679%, 10/25/2036   24,701,707 1,155,793
Series 2005-AR18, Class 1X IO,      
2.024%, 10/25/2036   18,262,585 1,176,841
JPMorgan Chase Commercial      
Mortgage Securities Corp.      
Series 2011-C3A, Class XA IO,      
1.523%, 02/15/2046 (S)   27,220,670 1,803,397
Series 2011-C4, Class XA IO,      
1.788%, 07/15/2046 (S)   35,801,500 2,705,555
Series 2005-LDP2, Class A3,      
4.697%, 07/15/2042   1,134,477 1,140,526
Series 2005-LDP2, Class A4,      
4.738%, 07/15/2042   1,830,000 1,958,375
Series 2005-LDP3, Class A4B,      
4.996%, 08/15/2042 (P)   2,360,000 2,486,701
Series 2005-CB11, Class A3,      
5.197%, 08/12/2037   971,872 993,592
Series 2007-LDPX, Class A2S,      
5.305%, 01/15/2049   473,237 477,065
Series 2006-LDP9, Class A3,      
5.336%, 05/15/2047   1,250,000 1,357,028
Series 2005-LDP5, Class A4,      
5.362%, 12/15/2044 (P)   2,025,000 2,256,223
Series 2002-C1, Class A3,      
5.376%, 07/12/2037   122,167 122,224

 

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
JPMorgan Chase Commercial Mortgage      
Securities Corp. (continued)      
Series 2005-LDP5, Class A3,      
5.391%, 12/15/2044 (P) $ 5,100,000 $ 5,371,835
Series 2005-PDP5, Class AM,      
5.404%, 12/15/2044 (P)   4,955,000 5,344,012
Series 2007-LDPX, Class A3,      
5.420%, 01/15/2049   4,000,000 4,396,284
Series 2006-LDP8, Class AM,      
5.440%, 05/15/2045   1,670,000 1,770,668
Series 2007-CB18, Class A4,      
5.440%, 06/12/2047   3,350,000 3,718,674
Series 2006-LDP8, Class A3B,      
5.447%, 05/15/2045   845,000 876,923
Series 2005-LDP5, Class G,      
5.517%, 12/15/2044 (P)(S)   1,000,000 642,584
Series 2006-LDP7, Class AM,      
6.064%, 04/15/2045 (P)   2,630,000 2,776,441
LB-UBS Commercial Mortgage Trust      
Series 2005-C1, Class XCL IO,      
0.814%, 02/15/2040 (S)   474,692 9,578
Series 2004-C1, Class XCL IO,      
1.044%, 01/15/2036 (S)   21,696,748 285,225
Series 2005-C2, Class A5,      
5.150%, 04/15/2030 (P)   1,500,000 1,646,114
Series 2005-C2 AJ,      
5.205%, 04/15/2030 (P)   1,000,000 1,008,510
Series 2006-C6, Class AM,      
5.413%, 09/15/2039   2,990,000 3,154,429
Series 2007-C2, Class A3,      
5.430%, 02/15/2040   3,470,000 3,798,724
Series 2007-C1, Class AM,      
5.455%, 02/15/2040   2,315,000 2,343,738
Series 2006-C4, Class A4,      
5.870%, 06/15/2038 (P)   2,873,000 3,244,717
Master Adjustable Rate Mortgages Trust      
Series 2004-13, Class 2A1,      
2.634%, 04/21/2034 (P)   607,287 596,749
Series 2004-8, Class 5A1,      
2.664%, 08/25/2034 (P)   418,100 392,356
Merrill Lynch Mortgage Trust      
Series 2005-CIP1, Class XC IO,      
0.178%, 07/12/2038 (S)   172,359,758 938,327
Series 2006-C2, Class X IO,      
0.546%, 08/12/2043 (S)   19,186,640 237,569
Series 2008-C1, Class X IO,      
0.666%, 02/12/2051 (S)   31,887,059 521,194
Series 2004-KEY2, Class A4 IO,      
4.864%, 08/12/2039 (P)   31,988 33,992
Series 2006-2, Class A4,      
6.093%, 06/12/2046 (P)   2,865,000 3,225,598
MLCC Mortgage Investors, Inc.      
Series 2006-3, Class 2A1,      
2.532%, 10/25/2036 (P)   2,026,677 1,842,752
Series 2007-3, Class M1,      
5.141%, 09/25/2037 (P)   195,846 100,632
Series 2007-3, Class M2,      
5.141%, 09/25/2037 (P)   114,851 10,852
Series 2007-3, Class M3,      
5.141%, 09/25/2037 (P)   41,726 1,984
Morgan Stanley Capital I      
Series 2005-T17, Class X1 IO,      
0.238%, 12/13/2041 (S)   1,149,880 13,555

 

11

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Morgan Stanley Capital I (continued)      
Series 2007-SRR3, Class A,      
0.540%, 12/20/2049 (P)(S) $ 1,000,000 $ 3,630
Series 2007-SRR3, Class B,      
0.640%, 12/20/2049 (P)(S)   1,000,000 3,180
Series 2005-IQ9, Class X1 IO,      
1.218%, 07/15/2056 (S)   548,863 15,717
Series 2011-C3, Class XA IO,      
1.542%, 07/15/2049 (S)   22,102,503 1,405,675
Series 2012-C4, Class XA,      
2.711%, 03/15/2045 (S)   12,887,904 1,979,247
Series 2012-C4, Class AS,      
3.773%, 03/15/2045   2,371,500 2,373,658
Series 2005-IQ9, Class A3,      
4.540%, 07/15/2056   1,960,140 1,982,374
Series 2005-HQ6, Class A2A,      
4.882%, 08/13/2042   410,862 411,975
Series 2006-HQ10, Class AM,      
5.360%, 11/12/2041   1,750,000 1,816,959
Series 2007-IQ13, Class A4,      
5.364%, 03/15/2044   3,280,000 3,649,932
Series 2005-HQ7, Class A2,      
5.369%, 11/14/2042 (P)   236,061 236,905
Series 2008-HQ8, Class AM,      
5.649%, 03/12/2044 (P)   2,945,000 3,100,287
Series 2006-T23, Class A4,      
5.987%, 08/12/2041 (P)   630,000 729,101
Residential Accredit Loans, Inc.      
Series 2005-QO4, Class X IO,      
2.406%, 12/25/2045   16,767,344 905,437
Series 2004-QS16, Class 1A1,      
5.500%, 12/25/2034   6,711 6,806
Sequoia Mortgage Trust, Series 2005-3,      
Class A1 0.440%, 05/20/2035 (P)   4,267 3,382
Structured Asset Securities Corp.,      
Series 2003-6A, Class B1      
2.905%, 03/25/2033 (P)   375,230 227,231
Thornburg Mortgage Securities Trust,      
Series 2004-1, Class II2A      
1.890%, 03/25/2044 (P)   1,866,526 1,733,925
Timberstar Trust, Series 2006-1A, Class A      
5.668%, 10/15/2036 (S)   900,000 1,007,197
UBS Commercial Mortgage Trust      
Series 2012-C1, Class B,      
4.822%, 05/10/2045   1,215,000 1,260,262
Series 2012-C1, Class C,      
5.720%, 05/10/2045 (P)(S)   815,000 799,130
Wachovia Bank      
Commercial Mortgage Trust      
Series 2005-C17, Class XC IO,      
0.458%, 03/15/2042 (S)   64,048,455 467,105
Series 2005-C19, Class AJ,      
4.793%, 05/15/2044   37,517 35,810
Series 2005-C16, Class C,      
4.985%, 10/15/2041 (P)   1,700,000 1,587,173
Series 2005-C21, Class AJ,      
5.378%, 10/15/2044 (P)   2,170,000 2,217,360
WaMu Commercial Mortgage      
Securities Trust, Series 2007-SL3,      
Class A 5.933%, 03/23/2045 (P)(S)   351,103 353,220
WaMu Mortgage Pass      
Through Certificates      
Series 2005-AR19, Class B1,      
 
0.939%, 12/25/2045 (P)   469,835 67,739

 

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
WaMu Mortgage Pass Through      
Certificates (continued)      
Series 2004-AR13, Class X IO,      
1.363%, 11/25/2034 $ 25,606,081 $ 1,138,933
Series 2005-AR13, Class X IO,      
1.437%, 10/25/2045   82,157,989 3,994,817
Series 2005-AR1, Class X IO,      
1.446%, 01/25/2045   14,962,214 729,673
Series 2005-AR8, Class X IO,      
1.578%, 07/25/2045   46,639,940 2,245,317
Series 2005-AR6, Class X IO,      
1.597%, 04/25/2045   18,724,818 975,089
Series 2005-1, Class 6A1,      
6.500%, 03/25/2035   12,491 11,870
Wells Fargo Mortgage Backed      
Securities Trust, Series 2005-AR5,      
Class 1A1 2.591%, 04/25/2035 (P)   1,800,226 1,630,565
WF-RBS Commercial Mortgage Trust,      
Series 2011-C3, Class XA IO,      
1.723%, 03/15/2044 (S)   25,627,724 2,236,660
 
      174,415,593
U.S. Government Agency - 4.3%      
Federal Home Loan Mortgage Corp.      
Series K011, Class X1 IO,      
0.381%, 11/25/2020   58,025,852 1,381,479
Series K010, Class X1 IO,      
0.412%, 10/25/2020   40,549,316 894,234
Series K014, Class X1 IO,      
1.276%, 04/25/2021   5,657,622 496,043
Series KAIV, Class X1 IO,      
1.404%, 06/25/2046   27,096,256 2,324,870
Series K017, Class X1 IO,      
1.460%, 12/25/2021   5,464,309 563,152
Series K708, Class X1 IO,      
1.513%, 01/25/2019   16,840,000 1,377,596
Series K707, Class X1 IO,      
1.560%, 12/25/2018   11,721,324 999,934
Series K018, Class X1 IO,      
1.615%, 01/25/2022   11,125,000 1,159,815
Series K705, Class X1 IO,      
1.762%, 09/25/2018   15,982,109 1,498,626
Series 3632, Class AP,      
3.000%, 02/15/2040   5,201,747 5,428,507
Series 3956, Class DJ,      
3.250%, 10/15/2036   2,984,315 3,075,887
Series 3630, Class BI IO,      
4.000%, 05/15/2027   392,650 16,687
Series 3943, Class DI IO,      
4.000%, 11/15/2039   5,993,286 918,049
Series 3623, Class LI IO,      
4.500%, 01/15/2025   615,323 45,416
Series 3794, Class PI IO,      
4.500%, 02/15/2038   2,125,237 233,254
Series 4030, Class BI IO,      
5.000%, 01/15/2042   4,699,286 878,625
Series 3581, Class IO,      
6.000%, 10/15/2039   667,919 93,468
Series T-41, Class 3A,      
6.957%, 07/25/2032 (P)   2,587 2,973
Federal National Mortgage Association      
Series 2012-M5, Class X IO,      
0.755%, 02/25/2022   15,737,000 743,321

 

12

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal National Mortgage      
Association (continued)      
Series 2012-30, Class PB,      
2.250%, 10/25/2040 $ 3,973,056 $ 4,039,665
Series 2011-118, Class CD,      
3.500%, 10/25/2039   9,742,045 10,114,825
Series 2012-19, Class JA,      
3.500%, 03/25/2041   4,962,202 5,183,025
Series 20011-146, Class MA,      
3.500%, 08/25/2041   3,157,052 3,287,232
Series 2003-18, Class EX,      
4.000%, 06/25/2017   26,170 26,190
Series 2010-14, Class AI IO,      
4.000%, 08/25/2027   1,094,780 52,146
Series 2010-36, Class BI IO,      
4.000%, 03/25/2028   1,158,283 60,888
Series 3908, Class PA,      
4.000%, 06/15/2039   1,850,284 2,004,372
Series 402, Class 4 IO,      
4.000%, 10/25/2039   2,110,169 229,979
Series 402, Class 3 IO,      
4.000%, 11/25/2039   1,247,499 149,989
Series 2011-41, Class KA,      
4.000%, 01/25/2041   3,860,515 4,168,616
Series 2011-86, Class NA,      
4.000%, 01/25/2041   7,174,081 7,795,276
Series 2009-109, Class IW IO,      
4.500%, 04/25/2038   997,081 88,516
Series 398, Class C3 IO,      
4.500%, 05/25/2039   1,357,558 150,366
Series 401, Class C2 IO,      
4.500%, 06/25/2039   929,683 100,993
Series 402, Class 7 IO,      
4.500%, 11/25/2039   1,975,808 237,865
Series 2009-47, Class EI IO,      
5.000%, 08/25/2019   987,958 90,388
Series 407, Class 21 IO,      
5.000%, 01/25/2039   2,552,585 297,318
Series 2009-50, Class GI IO,      
5.000%, 05/25/2039   1,860,334 204,891
Series 2009-78, Class IB IO,      
5.000%, 06/25/2039   2,330,305 250,192
Series 407, Class 15 IO,      
5.000%, 01/25/2040   3,145,177 500,065
Series 407, Class 16 IO,      
5.000%, 01/25/2040   719,343 93,918
Series 407, Class 17 IO,      
5.000%, 01/25/2040   648,123 96,582
Series 407, Class 7 IO,      
5.000%, 03/25/2041   2,323,077 408,004
Series 407, Class 8 IO,      
5.000%, 03/25/2041   1,105,533 170,599
Series 407, Class C6 IO,      
5.500%, 01/25/2040   10,481,725 1,813,327
Series 2001-50, Class BA,      
7.000%, 10/25/2041   665 718
Series 2002-W3, Class A5,      
7.500%, 11/25/2041   22,377 26,668
Government National      
Mortgage Association      
Series 2012-70, IO,      
0.961%, 08/16/2052   15,600,000 1,103,014

 

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Government National Mortgage      
Association (continued)      
Series 2010-78, Class AI IO,      
4.500%, 04/20/2039 $ 2,062,701 $ 169,602
 
      65,047,165
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $235,559,528)   $ 239,462,758
 
ASSET BACKED SECURITIES - 2.6%      
Aegis Asset Backed Securities Trust,      
Series 2004-3, Class A1      
0.599%, 09/25/2034 (P)   552,120 499,141
Ameriquest Mortgage Securities, Inc.,      
Series 2005-R1, Class M1      
0.689%, 03/25/2035 (P)   1,175,000 1,094,043
Amresco Residential Securities Mortgage      
Loan Trust, Series 1998-1, Class A6      
6.510%, 08/25/2027   157 158
Argent Securities, Inc., Series 2004-W1,      
Class M3 1.689%, 03/25/2034 (P)   6,789 3,010
Asset Backed Funding Certificates,      
Series 2005-HE1, Class M1      
0.659%, 03/25/2035 (P)   800,108 625,221
Asset Backed Securities Corp. Home      
Equity, Series 2006-HE1, Class A3      
0.439%, 01/25/2036 (H)(P)   1,948,855 1,582,882
Bayview Financial Acquisition Trust,      
Series 2006-A, Class 2A3      
0.589%, 02/28/2041 (P)   740,109 646,818
Bravo Mortgage Asset Trust,      
Series 2006-1A, Class A2      
0.479%, 07/25/2036 (P)(S)   1,315,020 1,062,300
Carrington Mortgage Loan Trust      
Series 2006-NC4, Class A5,      
0.299%, 10/25/2036 (P)   125,412 80,952
Series 2005-OPT2, Class M2,      
0.689%, 05/25/2035 (P)   1,090,000 983,785
Citigroup Mortgage Loan Trust,      
Series 2006-WFH3, Class A3      
0.389%, 10/25/2036 (P)   1,368,329 1,292,564
Countrywide Asset-Backed Certificates,      
Series 2006-3, Class 2A2      
0.419%, 06/25/2036 (P)   1,891,290 1,559,616
Credit-Based Asset Servicing      
and Securitization LLC      
Series 2005-CB2, Class M1,      
0.679%, 04/25/2036 (P)   1,882,825 1,670,342
Series 2006-MH1, Class B1,      
6.250%, 10/25/2036 (S)   460,000 238,395
Dillon Read CMBS CDO, Ltd.,      
Series 2006-1A, Class A3      
1.168%, 12/05/2046 (H)(P)(S)   975,000 10
Dominos Pizza Master Issuer LLC,      
Series 2012-1A, Class A2      
5.216%, 01/25/2042 (S)   5,409,638 5,635,770
Fremont Home Loan Trust, Series 2005-1,      
Class M3 0.749%, 06/25/2035 (P)   820,000 728,914
FUEL Trust, Series 2011-1      
4.207%, 04/15/2016 (S)   1,755,000 1,837,380
Home Equity Asset Trust, Series 2005-5,      
Class M1 0.719%, 11/25/2035 (P)   1,125,000 962,384

 

13

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES (continued)    
Leaf Capital Funding SPE A LLC      
Series 2010-A, Class C,      
7.239%, 12/15/2020 (P)(S) $ 1,276,886 $ 1,276,886
Series 2010-A, Class D,      
10.239%, 12/15/2020 (P)(S)   958,039 958,039
Series 2010-A, Class E1,      
14.739%, 12/15/2020 (P)(S)   1,117,995 1,117,995
Leaf II Receivables Funding LLC,      
Series 2011-1, Class A      
1.700%, 12/20/2018 (S)   521,343 513,783
LNR CDO, Ltd., Series 2006-1A,      
Class BFL      
0.789%, 05/28/2043 (H)(P)(S)   700,000 7
Master Asset Backed Securities Trust,      
Series 2007-HE2, Class A2      
0.939%, 08/25/2037 (P)   1,190,007 1,056,814
Merrill Lynch Mortgage Investors, Inc.      
Series 2005-HE2, Class A2C,      
0.609%, 09/25/2036 (P)   1,415,000 1,251,157
Series 2005-WMC1, Class M1,      
0.989%, 09/25/2035 (P)   640,103 612,647
N-Star Real Estate CDO, Ltd.,      
Series 2006-7A, Class B      
0.619%, 06/22/2051 (P)(S)   900,000 24,750
New Century Home Equity Loan Trust      
Series 2005-1, Class M1,      
0.689%, 03/25/2035 (P)   840,000 606,803
Series 2005-3, Class M1,      
0.719%, 07/25/2035 (P)   748,000 697,721
Novastar Home Equity Loan,      
Series 2004-4, Class M3      
1.319%, 03/25/2035 (P)   1,650,000 1,571,340
Park Place Securities, Inc.      
Series 2005-WCH1, Class M2,      
0.759%, 01/25/2036 (P)   1,921,989 1,784,763
Series 2004-WHQ2, Class M2,      
0.869%, 02/25/2035 (P)   2,180,000 1,882,299
People’s Choice Home Loan      
Securities Trust, Series 2005-1,      
Class M3 0.819%, 01/25/2035 (P)   1,265,000 1,112,554
Renaissance Home Equity Loan Trust      
Series 2005-2, Class AF3,      
4.499%, 08/25/2035   264,996 253,735
Series 2005-2, Class AF4,      
4.934%, 08/25/2035   1,895,000 1,474,772
Sonic Capital LLC, Series 2011-1A,      
Class A2 5.438%, 05/20/2041 (S)   1,469,550 1,536,364
Soundview Home Equity      
Loan Trust 0.419%, 05/25/2036 (P)   941,743 754,632
Wells Fargo Home Equity Trust,      
Series 2004-2, Class AI5      
4.890%, 10/25/2034 (P)   4,612 4,625
TOTAL ASSET BACKED SECURITIES (Cost $41,944,289) $ 38,995,371
 
COMMON STOCKS - 0.0%      
Consumer Discretionary - 0.0%      
Greektown Superholdings, Inc. (I)   166 8,752
Financials - 0.0%      
BTA Bank JSC, GDR (I)(S)   17 48
TOTAL COMMON STOCKS (Cost $18,799) $ 8,800

 

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
PREFERRED SECURITIES - 0.5%      
Consumer Discretionary - 0.0%      
Greektown      
Superholdings, Inc., Series A (I)   3,249 $ 240,426
Consumer Staples - 0.1%      
Ocean Spray Cranberries, Inc.,      
Series A, 6.250% (S)   5,034 452,274
Financials - 0.4%      
Ally Financial, Inc., 7.300%   28,855 658,471
Bank of America Corp.,      
Series MER, 8.625%   69,475 1,756,328
Citigroup Capital XIII (7.875% to      
10/30/2015, then      
3 month LIBOR + 6.370%)   8,200 216,972
GMAC Capital Trust I (8.125% to      
02/15/2016, then      
3 month LIBOR + 5.785%)   39,255 899,725
PNC Financial Services Group, Inc.      
(6.125% to 5/01/2022, then      
3 month LIBOR + 4.067%)   58,350 1,499,595
U.S. Bancorp (6.000% to 04/15/2017, then      
3 month LIBOR + 4.861%)   46,575 1,208,156
 
      6,239,247
TOTAL PREFERRED SECURITIES (Cost $7,035,487) $ 6,931,947
 
SECURITIES LENDING COLLATERAL - 0.2%    
John Hancock Collateral      
Investment Trust, 0.3309% (W)(Y)   318,201 $ 3,184,304
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $3,184,104)   $ 3,184,304
 
SHORT-TERM INVESTMENTS - 16.7%    
Money Market Funds - 15.2%      
State Street Institutional U.S. Government      
Money Market Fund, 0.0164% (Y)   228,384,004 228,384,004
U.S. Government Agency - 1.5%      
Federal Home Loan Bank Discount Notes,      
0.010%, 06/01/2012 * $ 22,000,000 $ 22,000,000
TOTAL SHORT-TERM INVESTMENTS (Cost $250,384,004) $ 250,384,004
Total Investments (Active Bond Fund)      
(Cost $1,657,080,511) - 113.8%   $ 1,703,711,784
Other assets and liabilities, net - (13.8%)     (205,965,957)
 
TOTAL NET ASSETS - 100.0%   $ 1,497,745,827
 
 
 
All Cap Core Fund      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 98.3%      
Consumer Discretionary - 12.9%      
Auto Components - 0.3%      
Lear Corp.   41,000 $ 1,633,850
Distributors - 0.0%      
Core-Mark Holding Company, Inc.   2,800 121,772
Diversified Consumer Services - 0.2%      
Coinstar, Inc. (I)(L)   8,800 540,584
Corinthian Colleges, Inc. (I)   110,800 303,592
 
      844,176

 

14

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

All Cap Core Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure - 2.5%    
Brinker International, Inc. 78,300 $ 2,529,873
Marriott International, Inc., Class A 165,800 6,418,118
Multimedia Games Holding Company, Inc. (I) 16,300 205,543
Panera Bread Company, Class A (I) 8,500 1,249,075
Shuffle Master, Inc. (I) 32,500 515,450
Yum! Brands, Inc. 54,900 3,862,764
 
    14,780,823
Household Durables - 1.7%    
Garmin, Ltd. (L) 74,800 3,213,408
Jarden Corp. 16,100 654,465
La-Z-Boy, Inc. (I) 28,500 402,135
Whirlpool Corp. 85,700 5,303,116
 
    9,573,124
Internet & Catalog Retail - 0.2%    
priceline.com, Inc. (I)(L) 2,100 1,313,529
Leisure Equipment & Products - 0.4%    
Arctic Cat, Inc. (I) 10,000 361,600
Leapfrog Enterprises, Inc. (I) 53,200 554,344
Smith & Wesson Holding Corp. (I)(L) 72,100 485,954
Sturm Ruger & Company, Inc. (L) 28,400 1,106,748
 
    2,508,646
Media - 2.3%    
EW Scripps Company (I) 30,200 271,498
Lions Gate Entertainment Corp. (I)(L) 366,300 4,879,116
Omnicom Group, Inc. (L) 34,500 1,644,960
Regal Entertainment Group (L) 107,900 1,483,625
Scholastic Corp. 4,400 118,580
The Madison Square Garden, Inc., Class A (I) 3,100 116,219
The McGraw-Hill Companies, Inc. 48,800 2,116,944
Time Warner Cable, Inc. 37,200 2,804,880
 
    13,435,822
Multiline Retail - 1.4%    
Dillard’s, Inc., Class A (L) 24,400 1,640,656
Macy’s, Inc. 170,300 6,479,915
Tuesday Morning Corp. (I) 61,100 255,398
 
    8,375,969
Specialty Retail - 3.6%    
Aaron’s, Inc. 157,600 4,184,280
AutoNation, Inc. (I)(L) 51,300 1,847,826
Best Buy Company, Inc. 301,900 5,651,568
Charming Shoppes, Inc. (I) 94,300 692,162
Foot Locker, Inc. 83,000 2,634,420
HOT Topic, Inc. 58,100 575,771
PetSmart, Inc. (L) 6,600 425,304
The Gap, Inc. 92,600 2,453,900
The Home Depot, Inc. (L) 50,800 2,506,472
 
    20,971,703
Textiles, Apparel & Luxury Goods - 0.3%    
Carter’s, Inc. (I) 27,800 1,499,254
Movado Group, Inc. 7,100 196,670
 
    1,695,924
    75,255,338
Consumer Staples - 8.8%    
Beverages - 0.8%    
Monster Beverage Corp. (I) 68,000 4,936,800
Food & Staples Retailing - 2.8%    
CVS Caremark Corp. 123,600 5,554,584
Safeway, Inc. (L) 14,700 279,594
The Kroger Company 111,200 2,447,512

 

All Cap Core Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food & Staples Retailing (continued)    
Whole Foods Market, Inc. 89,600 $ 7,939,456
 
    16,221,146
Food Products - 0.9%    
Cal-Maine Foods, Inc. 7,100 252,334
Dean Foods Company (I) 169,200 2,646,288
The Hershey Company 31,800 2,126,148
 
    5,024,770
Household Products - 0.3%    
Colgate-Palmolive Company 18,900 1,857,870
Spectrum Brands Holdings, Inc. (I) 2,300 79,396
 
    1,937,266
Personal Products - 0.8%    
Herbalife, Ltd. (L) 58,200 2,606,778
Nu Skin Enterprises, Inc., Class A (L) 40,300 1,728,064
Prestige Brands Holdings, Inc. (I) 27,000 370,710
 
    4,705,552
Tobacco - 3.2%    
Altria Group, Inc. 222,800 7,171,932
Philip Morris International, Inc. 133,400 11,273,634
 
    18,445,566
 
    51,271,100
Energy - 9.0%    
Energy Equipment & Services - 0.6%    
Diamond Offshore Drilling, Inc. 5,800 337,444
Exterran Holdings, Inc. (I) 44,700 515,838
Helix Energy Solutions Group, Inc. (I) 127,900 2,190,927
Hercules Offshore, Inc. (I) 79,900 264,469
Natural Gas Services Group, Inc. (I) 5,200 71,656
Parker Drilling Company (I) 11,300 55,257
 
    3,435,591
Oil, Gas & Consumable Fuels - 8.4%    
Anadarko Petroleum Corp. 60,600 3,696,600
Chevron Corp. 98,400 9,673,704
Contango Oil & Gas Company (I) 4,500 236,430
Delek US Holdings, Inc. 83,700 1,348,407
Energy XXI Bermuda, Ltd. 3,300 102,465
Exxon Mobil Corp. 104,800 8,240,424
HollyFrontier Corp. 21,200 624,976
Marathon Petroleum Corp. 137,300 4,952,411
Murphy Oil Corp. 49,400 2,303,028
Penn Virginia Corp. 53,300 299,546
Sunoco, Inc. 41,500 1,927,675
Tesoro Corp. (I) 305,000 6,746,600
Vaalco Energy, Inc. (I) 123,600 1,054,308
Western Refining, Inc. (L) 410,900 7,946,806
 
    49,153,380
 
    52,588,971
Financials - 14.2%    
Capital Markets - 1.2%    
Invesco, Ltd. 5,700 123,975
Northern Trust Corp. 65,500 2,828,290
Piper Jaffray Companies (I) 10,000 219,100
T. Rowe Price Group, Inc. 37,200 2,142,348
The Goldman Sachs Group, Inc. 6,400 612,480
Waddell & Reed Financial, Inc., Class A 17,400 499,554
Walter Investment Management Corp. 16,700 316,131
 
    6,741,878

 

15

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

All Cap Core Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks - 3.2%    
Banner Corp. 7,700 $ 147,840
First Merchants Corp. 6,100 71,553
KeyCorp 56,100 420,750
Pinnacle Financial Partners, Inc. (I) 26,600 453,796
PrivateBancorp, Inc. 45,600 671,688
Regions Financial Corp. 1,186,600 7,463,714
SunTrust Banks, Inc. 155,800 3,570,936
Susquehanna Bancshares, Inc. 403,700 3,887,631
SVB Financial Group (I) 13,900 829,274
Wells Fargo & Company 19,000 608,950
Wilshire Bancorp, Inc. (I) 64,600 323,646
Zions Bancorporation (L) 24,400 464,332
 
    18,914,110
Consumer Finance - 2.0%    
American Express Company 89,000 4,968,870
Capital One Financial Corp. 74,400 3,821,928
Discover Financial Services 82,900 2,744,819
 
    11,535,617
Diversified Financial Services - 0.9%    
Citigroup, Inc. 94,200 2,497,242
Interactive Brokers Group, Inc., Class A 28,600 407,836
MarketAxess Holdings, Inc. 2,100 67,809
Moody’s Corp. 35,700 1,306,263
PHH Corp. (I) 41,500 687,655
 
    4,966,805
Insurance - 4.5%    
ACE, Ltd. 53,500 3,869,655
Alleghany Corp. (I) 4,000 1,316,000
Allied World Assurance    
Company Holdings, Ltd. 4,923 378,579
American International Group, Inc. (I) 157,600 4,598,768
Everest Re Group, Ltd. 9,500 970,140
Fidelity National Financial, Inc., Class A 115,800 2,181,672
Old Republic International Corp. 41,000 404,670
ProAssurance Corp. 3,300 290,862
RenaissanceRe Holdings, Ltd. 19,400 1,495,158
Stewart Information Services Corp. 17,000 235,110
The Allstate Corp. 219,400 7,446,436
The Hanover Insurance Group, Inc. 5,400 210,654
The Travelers Companies, Inc. 44,400 2,774,556
White Mountains Insurance Group, Ltd. 600 309,012
 
    26,481,272
Real Estate Investment Trusts - 2.4%    
American Capital Agency Corp. 38,100 1,244,727
Apollo Residential Mortgage, Inc. 7,000 131,250
Cousins Properties, Inc. 22,800 165,072
First Industrial Realty Trust, Inc. (I) 21,700 258,881
Lexington Realty Trust (L) 19,400 161,214
Parkway Properties, Inc. 5,600 59,024
Pennsylvania Real Estate Investment Trust 23,700 300,516
Sabra Healthcare REIT, Inc. 16,400 235,832
Simon Property Group, Inc. 29,800 4,396,096
Taubman Centers, Inc. 91,700 6,694,100
Winthrop Realty Trust 7,700 79,233
 
    13,725,945
    82,365,627
Health Care - 13.7%    
Biotechnology - 1.6%    
Alexion Pharmaceuticals, Inc. (I) 56,000 5,071,920
Amgen, Inc. 10,900 757,768
Biogen Idec, Inc. (I) 5,200 679,900

 

All Cap Core Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Biotechnology (continued)    
Momenta Pharmaceuticals, Inc. (I) 9,300 $ 128,247
Myriad Genetics, Inc. (I) 14,300 345,059
PDL BioPharma, Inc. (L) 44,100 286,209
United Therapeutics Corp. (I) 40,100 1,774,024
 
    9,043,127
Health Care Providers & Services - 5.3%    
Amedisys, Inc. (I) 17,800 195,266
Humana, Inc. 65,800 5,026,462
Sun Healthcare Group, Inc. (I) 49,100 238,135
UnitedHealth Group, Inc. 175,100 9,765,327
WellCare Health Plans, Inc. (I) 125,600 7,092,632
WellPoint, Inc. 124,300 8,376,577
 
    30,694,399
Life Sciences Tools & Services - 0.3%    
Affymetrix, Inc. (I) 28,800 136,512
Charles River    
Laboratories International, Inc. (I) 20,800 694,304
PerkinElmer, Inc. 43,300 1,151,780
 
    1,982,596
Pharmaceuticals - 6.5%    
Abbott Laboratories 179,600 11,097,484
Eli Lilly & Company 218,700 8,955,765
Johnson & Johnson 23,600 1,473,348
Medicis Pharmaceutical Corp., Class A (L) 30,100 1,086,610
Merck & Company, Inc. 85,400 3,209,332
Par Pharmaceutical Companies, Inc. (I) 33,800 1,211,392
Pfizer, Inc. 150,300 3,287,061
Pozen, Inc. (I) 34,300 237,699
Watson Pharmaceuticals, Inc. (I) 106,700 7,606,643
 
    38,165,334
 
    79,885,456
Industrials - 8.3%    
Aerospace & Defense - 2.2%    
Exelis, Inc. 26,900 269,000
GenCorp, Inc. (I) 20,300 124,236
Honeywell International, Inc. 59,500 3,311,770
Huntington Ingalls Industries, Inc. (I) 19,100 702,498
L-3 Communications Holdings, Inc. 31,700 2,161,623
Northrop Grumman Corp. 58,200 3,419,250
Raytheon Company 6,500 327,080
Textron, Inc. 66,900 1,580,847
Triumph Group, Inc. 13,800 825,792
 
    12,722,096
Air Freight & Logistics - 0.0%    
FedEx Corp. 800 71,312
Airlines - 0.6%    
Hawaiian Holdings, Inc. (I)(L) 224,800 1,299,344
US Airways Group, Inc. (I)(L) 174,500 2,306,890
 
    3,606,234
Building Products - 0.9%    
Fortune Brands Home & Security, Inc. (I) 37,400 845,988
USG Corp. (I)(L) 302,700 4,667,634
 
    5,513,622
Commercial Services & Supplies - 0.0%    
EnerNOC, Inc. (I) 16,500 104,280
Sykes Enterprises, Inc. (I) 12,300 185,115
 
    289,395

 

16

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

All Cap Core Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Construction & Engineering - 0.9%    
Quanta Services, Inc. (I) 25,300 $ 571,274
URS Corp. 125,500 4,539,335
 
    5,110,609
Electrical Equipment - 0.1%    
AMETEK, Inc. 7,100 360,041
Industrial Conglomerates - 0.1%    
General Electric Company 24,500 467,705
Machinery - 2.8%    
AGCO Corp. (I) 17,500 703,675
Alamo Group, Inc. 4,000 123,880
Caterpillar, Inc. 40,600 3,557,372
Cummins, Inc. 38,600 3,742,270
ITT Corp. (L) 82,700 1,697,831
NACCO Industries, Inc., Class A 2,100 220,353
Oshkosh Corp. (I) 178,500 3,653,895
Robbins & Myers, Inc. 30,600 1,395,054
Sauer-Danfoss, Inc. 5,000 180,650
Terex Corp. (I) 50,400 838,152
Wabtec Corp. 2,000 145,220
 
    16,258,352
Professional Services - 0.2%    
On Assignment, Inc. (I) 14,400 239,904
Robert Half International, Inc. 45,400 1,290,268
 
    1,530,172
Road & Rail - 0.4%    
Con-way, Inc. 50,500 1,785,175
Saia, Inc. (I) 22,900 495,327
 
    2,280,502
Trading Companies & Distributors - 0.1%    
H&E Equipment Services, Inc. (I) 18,900 299,943
 
    48,509,983
Information Technology - 20.6%    
Communications Equipment - 0.6%    
Cisco Systems, Inc. 41,200 672,796
Comtech Telecommunications Corp. (L) 81,700 2,359,496
Emulex Corp. (I) 15,700 105,504
F5 Networks, Inc. (I) 800 82,784
 
    3,220,580
Computers & Peripherals - 5.7%    
Apple, Inc. (I) 36,539 21,109,676
Dell, Inc. (I) 489,500 6,035,535
EMC Corp. (I) 7,600 181,260
Western Digital Corp. (I) 192,100 6,030,019
Xyratex, Ltd. 7,000 80,080
 
    33,436,570
Electronic Equipment, Instruments & Components - 0.9%  
Insight Enterprises, Inc. (I) 10,500 156,345
Tech Data Corp. (I) 22,694 1,080,461
Vishay Intertechnology, Inc. (I)(L) 393,100 4,174,722
 
    5,411,528
Internet Software & Services - 2.7%    
AOL, Inc. (I) 284,000 7,790,120
EarthLink, Inc. 89,000 718,230
IAC/InterActiveCorp 156,500 7,029,980
 
    15,538,330
IT Services - 4.1%    
Fiserv, Inc. (I) 21,200 1,429,516
Global Cash Access Holdings, Inc. (I) 47,600 335,580

 

All Cap Core Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
IT Services (continued)    
Heartland Payment Systems, Inc. 46,800 $ 1,365,624
International Business Machines Corp. 52,606 10,147,697
MasterCard, Inc., Class A (L) 19,100 7,764,341
Teradata Corp. (I) 34,700 2,306,856
Visa, Inc., Class A 1,600 184,320
 
    23,533,934
Semiconductors & Semiconductor Equipment - 3.2%  
Advanced Micro Devices, Inc. (I) 558,200 3,393,856
FormFactor, Inc. (I) 22,300 133,577
GT Advanced Technologies Inc. (I)(L) 43,100 181,020
Intel Corp. 187,500 4,845,000
KLA-Tencor Corp. 84,300 3,863,469
Kulicke & Soffa Industries, Inc. (I) 195,700 2,058,764
LSI Corp. (I) 253,800 1,687,770
Photronics, Inc. (I)(L) 193,700 1,162,200
Teradyne, Inc. (I) 105,700 1,527,365
 
    18,853,021
Software - 3.4%    
Cadence Design Systems, Inc. (I) 127,500 1,300,500
Mentor Graphics Corp. (I) 7,000 98,700
Microsoft Corp. 529,993 15,470,496
SolarWinds, Inc. (I) 32,400 1,485,864
Sourcefire, Inc. (I) 29,400 1,621,704
 
    19,977,264
 
    119,971,227
Materials - 4.9%    
Chemicals - 3.6%    
CF Industries Holdings, Inc. 13,600 2,325,056
H.B. Fuller Company 5,500 167,200
LyondellBasell Industries NV, Class A (L) 186,100 7,343,506
OM Group, Inc. (I) 3,000 54,630
PPG Industries, Inc. 77,100 7,975,224
The Sherwin-Williams Company 21,300 2,761,332
Valspar Corp. 4,100 197,661
 
    20,824,609
Construction Materials - 0.0%    
Headwaters, Inc. (I) 18,200 83,902
Containers & Packaging - 0.1%    
Boise, Inc. 108,300 747,270
Myers Industries, Inc. 5,500 92,510
 
    839,780
Paper & Forest Products - 1.2%    
Domtar Corp. (L) 83,000 6,566,130
Louisiana-Pacific Corp. (I) 13,600 128,112
P.H. Glatfelter Company 6,300 95,445
Wausau Paper Corp. 14,400 132,624
 
    6,922,311
 
    28,670,602
Telecommunication Services - 3.2%    
Diversified Telecommunication Services - 2.7%    
American Tower Corp. 124,300 8,064,584
AT&T, Inc. 36,700 1,254,039
Cbeyond, Inc. (I) 23,200 137,344
IDT Corp., Class B 19,200 158,976
Verizon Communications, Inc. 153,800 6,404,232
 
    16,019,175
Wireless Telecommunication Services - 0.5%    
Telephone & Data Systems, Inc. 120,259 2,387,141

 

17

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

All Cap Core Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Wireless Telecommunication Services (continued)    
USA Mobility, Inc. 18,500 $ 229,770
    2,616,911
    18,636,086
Utilities - 2.7%    
Electric Utilities - 0.3%    
Pinnacle West Capital Corp. 27,000 1,333,260
PNM Resources, Inc. 21,800 406,570
 
    1,739,830
Independent Power Producers & Energy Traders - 0.4%    
Calpine Corp. (I) 124,700 2,094,960
Multi-Utilities - 2.0%    
Ameren Corp. 185,000 5,977,350
Consolidated Edison, Inc. 21,600 1,303,776
DTE Energy Company 76,700 4,358,862
 
    11,639,988
    15,474,778
TOTAL COMMON STOCKS (Cost $545,115,729) $ 572,629,168
SECURITIES LENDING COLLATERAL - 10.5%    
John Hancock Collateral    
Investment Trust, 0.3309% (W)(Y) 6,118,186 61,225,912
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $61,221,599) $ 61,225,912
SHORT-TERM INVESTMENTS - 1.4%    
Money Market Funds - 1.4%    
State Street Institutional Liquid Reserves    
Fund, 0.1963% (Y) 8,379,235 8,379,235
TOTAL SHORT-TERM INVESTMENTS (Cost $8,379,235) $ 8,379,235
Total Investments (All Cap Core Fund)    
(Cost $614,716,563) - 110.2% $ 642,234,315
Other assets and liabilities, net - (10.2%)   (59,491,776)
TOTAL NET ASSETS - 100.0% $ 582,742,539
 
 
All Cap Value Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 98.6%    
Consumer Discretionary - 12.8%    
Automobiles - 1.6%    
Ford Motor Company 1,163,775 $ 12,289,464
Hotels, Restaurants & Leisure - 1.5%    
Darden Restaurants, Inc. (L) 171,801 8,887,266
Las Vegas Sands Corp. 42,500 1,962,650
 
    10,849,916
Household Durables - 0.7%    
Harman International Industries, Inc. 140,900 5,526,098
Media - 5.4%    
Omnicom Group, Inc. 248,400 11,843,712
The Interpublic Group of Companies, Inc. 1,236,023 12,842,279
The Walt Disney Company 203,116 9,284,432
Time Warner, Inc. 186,100 6,414,867
 
    40,385,290

 

All Cap Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Multiline Retail - 2.0%    
J.C. Penney Company, Inc. (L) 137,800 $ 3,614,494
Macy’s, Inc. 152,900 5,817,845
Target Corp. (L) 90,000 5,211,900
 
    14,644,239
Specialty Retail - 1.6%    
Penske Automotive Group, Inc. (L) 53,900 1,324,862
The Home Depot, Inc. 212,700 10,494,618
 
    11,819,480
 
    95,514,487
Consumer Staples - 5.9%    
Beverages - 1.8%    
Beam, Inc. 50,100 3,034,056
Diageo PLC, ADR 44,300 4,223,562
The Coca-Cola Company 83,933 6,272,313
 
    13,529,931
Food & Staples Retailing - 1.0%    
CVS Caremark Corp. 163,723 7,357,712
Food Products - 3.1%    
Archer-Daniels-Midland Company 399,565 12,738,132
Bunge, Ltd. (L) 176,000 10,472,000
 
    23,210,132
 
    44,097,775
Energy - 6.8%    
Energy Equipment & Services - 2.3%    
Gulfmark Offshore, Inc., Class A (I) 36,600 1,306,254
Halliburton Company 280,000 8,416,800
Schlumberger, Ltd. 62,000 3,921,500
Superior Energy Services, Inc. (I) 95,800 2,073,112
Tidewater, Inc. 30,339 1,367,682
 
    17,085,348
Oil, Gas & Consumable Fuels - 4.5%    
Anadarko Petroleum Corp. 133,671 8,153,931
Apache Corp. 56,827 4,624,581
Devon Energy Corp. (L) 50,200 2,987,904
Exxon Mobil Corp. 114,959 9,039,226
Imperial Oil, Ltd. 65,532 2,631,110
Kinder Morgan, Inc. 94,000 3,213,860
Range Resources Corp. (L) 49,982 2,870,966
 
    33,521,578
 
    50,606,926
Financials - 21.0%    
Capital Markets - 3.6%    
Affiliated Managers Group, Inc. (I) 59,976 6,181,726
Franklin Resources, Inc. 52,100 5,563,759
Lazard, Ltd., Class A 128,300 2,958,598
Raymond James Financial, Inc. 221,739 7,579,039
State Street Corp. 109,600 4,516,616
 
    26,799,738
Commercial Banks - 6.4%    
BB&T Corp. 211,300 6,385,486
City National Corp. (L) 62,363 3,098,194
Commerce Bancshares, Inc. (L) 50,200 1,944,748
Cullen/Frost Bankers, Inc. (L) 110,403 6,280,827
Fifth Third Bancorp 362,300 4,836,705
PNC Financial Services Group, Inc. 193,700 11,897,054
Signature Bank (I)(L) 50,300 3,088,923

 

18

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

All Cap Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
U.S. Bancorp 328,700 $ 10,225,857
    47,757,794
Consumer Finance - 2.1%    
Capital One Financial Corp. 305,000 15,667,850
Diversified Financial Services - 0.7%    
JPMorgan Chase & Company 166,640 5,524,116
Insurance - 7.4%    
ACE, Ltd. 136,200 9,851,346
Berkshire Hathaway, Inc., Class B (I) 205,000 16,268,800
Marsh & McLennan Companies, Inc. 287,724 9,201,414
Prudential Financial, Inc. 107,400 4,988,730
The Travelers Companies, Inc. 195,900 12,241,791
XL Group PLC 146,000 2,981,320
 
    55,533,401
Real Estate Management & Development - 0.8%    
Jones Lang LaSalle, Inc. 76,600 5,553,500
 
    156,836,399
Health Care - 18.1%    
Biotechnology - 2.8%    
Celgene Corp. (I) 177,743 12,130,960
Onyx Pharmaceuticals, Inc. (I) 186,592 8,542,182
 
    20,673,142
Health Care Providers & Services - 7.3%    
CIGNA Corp. 250,000 10,977,500
Community Health Systems, Inc. (I) 341,607 7,518,770
DaVita, Inc. (I) 103,805 8,434,156
Express Scripts Holding Company (I) 231,600 12,087,204
McKesson Corp. 84,113 7,341,383
UnitedHealth Group, Inc. 108,257 6,037,493
WellPoint, Inc. 35,700 2,405,823
 
    54,802,329
Life Sciences Tools & Services - 2.3%    
Life Technologies Corp. (I) 115,377 4,720,073
Thermo Fisher Scientific, Inc. 246,160 12,426,157
 
    17,146,230
Pharmaceuticals - 5.7%    
Eli Lilly & Company 184,900 7,571,655
Pfizer, Inc. 412,169 9,014,136
Teva Pharmaceutical Industries, Ltd., ADR (L) 318,000 12,462,420
Warner Chilcott PLC, Class A (I) 101,100 1,906,746
Watson Pharmaceuticals, Inc. (I) 164,600 11,734,334
 
    42,689,291
    135,310,992
Industrials - 13.6%    
Aerospace & Defense - 1.9%    
Rockwell Collins, Inc. 74,500 3,752,565
United Technologies Corp. 143,926 10,666,356
 
    14,418,921
Air Freight & Logistics - 1.1%    
FedEx Corp. 95,000 8,468,300
Airlines - 0.7%    
United Continental Holdings, Inc. (I)(L) 192,300 4,840,191
Construction & Engineering - 2.6%    
Jacobs Engineering Group, Inc. (I)(L) 230,000 8,169,600
URS Corp. 314,300 11,368,231
 
    19,537,831

 

All Cap Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery - 5.5%    
Dover Corp. 181,900 $ 10,288,264
Eaton Corp. 164,300 7,009,038
Flowserve Corp. 33,900 3,484,242
Kennametal, Inc. 130,020 4,519,495
Nordson Corp. 111,636 5,984,806
Pall Corp. 77,180 4,295,839
Parker Hannifin Corp. 57,625 4,710,268
Trinity Industries, Inc. 14,791 365,338
 
    40,657,290
Professional Services - 1.1%    
Manpower, Inc. 233,500 8,394,325
Road & Rail - 0.7%    
CSX Corp. 141,575 2,957,502
Kansas City Southern 31,734 2,093,809
 
    5,051,311
 
    101,368,169
Information Technology - 12.0%    
Communications Equipment - 0.6%    
QUALCOMM, Inc. 79,700 4,567,607
Computers & Peripherals - 0.8%    
EMC Corp. (I) 265,166 6,324,209
Electronic Equipment, Instruments & Components - 2.1%  
Anixter International, Inc. (L) 177,722 10,220,792
Arrow Electronics, Inc. (I) 174,600 5,920,686
 
    16,141,478
Internet Software & Services - 1.7%    
eBay, Inc. (I) 322,607 12,642,968
Semiconductors & Semiconductor Equipment - 5.3%  
Broadcom Corp., Class A (I) 312,600 10,112,610
Intel Corp. (L) 288,000 7,441,920
Lam Research Corp. (I)(L) 186,000 6,937,800
Texas Instruments, Inc. 397,000 11,306,560
Xilinx, Inc. 113,000 3,612,610
 
    39,411,500
Software - 1.5%    
Microsoft Corp. 378,200 11,039,658
 
    90,127,420
Materials - 6.4%    
Chemicals - 3.3%    
Air Products & Chemicals, Inc. 88,897 7,026,419
Ashland, Inc. 91,000 5,817,630
PPG Industries, Inc. 70,659 7,308,967
Sigma-Aldrich Corp. (L) 59,979 4,160,743
 
    24,313,759
Construction Materials - 0.4%    
Eagle Materials, Inc. 89,981 2,888,390
Containers & Packaging - 0.5%    
Greif, Inc., Class A 88,900 3,888,486
Metals & Mining - 1.3%    
Freeport-McMoRan Copper & Gold, Inc. 97,000 3,107,880
Reliance Steel & Aluminum Company 140,000 6,609,400
 
    9,717,280
Paper & Forest Products - 0.9%    
International Paper Company 234,400 6,844,480
 
    47,652,395

 

19

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

All Cap Value Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Utilities - 2.0%      
Electric Utilities - 1.1%      
NextEra Energy, Inc.   125,740 $ 8,215,851
Multi-Utilities - 0.9%      
Dominion Resources, Inc. (L)   100,000 5,206,000
PG&E Corp.   44,400 1,940,280
 
      7,146,280
      15,362,131
TOTAL COMMON STOCKS (Cost $706,418,761) $ 736,876,694
 
SECURITIES LENDING COLLATERAL - 10.9%    
John Hancock Collateral      
Investment Trust, 0.3309% (W)(Y)   8,150,479 81,563,481
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $81,554,094)   $ 81,563,481
 
SHORT-TERM INVESTMENTS - 1.0%      
Repurchase Agreement - 1.0%      
Repurchase Agreement with State Street Corp.    
dated 05/31/2012 at 0.010% to be      
repurchased at $7,982,002 on 06/01/2012,    
collateralized by $8,135,000 Federal Home    
Loan Bank, 0.280% due 08/02/2013 (valued    
at $8,142,631, including interest) $ 7,982,000 $ 7,982,000
TOTAL SHORT-TERM INVESTMENTS (Cost $7,982,000) $ 7,982,000
Total Investments (All Cap Value Fund)      
(Cost $795,954,855) - 110.5%   $ 826,422,175
Other assets and liabilities, net - (10.5%)     (78,851,852)
TOTAL NET ASSETS - 100.0%   $ 747,570,323
 
 
 
Alpha Opportunities Fund    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 93.7%      
Consumer Discretionary - 18.0%      
Auto Components - 0.7%      
Allison Transmission Holdings, Inc. (L)   184,540 $ 3,408,454
Dana Holding Corp.   60,195 801,797
Modine Manufacturing Company (I)(L)   421,557 2,731,689
Stoneridge, Inc. (I)(L)   246,180 1,735,569
The Goodyear Tire & Rubber Company (I)   118,900 1,242,505
 
      9,920,014
Automobiles - 0.5%      
Great Wall Motor Company, Ltd., H Shares 107,000 218,688
Harley-Davidson, Inc.   89,995 4,335,959
Peugeot SA (I)   131,369 1,298,723
Renault SA   27,468 1,153,284
Tesla Motors, Inc. (I)(L)   10,560 311,520
 
      7,318,174
Distributors - 0.1%      
LKQ Corp. (I)   29,000 1,056,760
Hotels, Restaurants & Leisure - 0.5%      
Dunkin’ Brands Group, Inc.   138,430 4,494,822
Ignite Restaurant Group, Inc. (I)   47,530 849,836
Las Vegas Sands Corp.   8,400 387,912
Melco Crown Entertainment, Ltd., ADR (I) 30,100 353,675

 

Alpha Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
Sands China, Ltd. 115,200 $ 392,361
 
    6,478,606
Household Durables - 2.1%    
Furniture Brands International, Inc. (I)(L) 600,023 696,027
Lennar Corp., Class A (L) 21,425 584,688
NVR, Inc. (I) 10,785 8,679,768
PDG Realty SA Empreendimentos    
e Participacoes 132,412 220,594
PulteGroup, Inc. (I)(L) 1,772,305 16,588,775
Tempur-Pedic International, Inc. (I) 10,900 503,689
 
    27,273,541
Internet & Catalog Retail - 1.5%    
Amazon.com, Inc. (I) 41,175 8,766,569
Expedia, Inc. (L) 26,200 1,202,318
priceline.com, Inc. (I) 960 600,470
Shutterfly, Inc. (I)(L) 13,955 384,739
TripAdvisor, Inc. (I)(L) 202,252 8,672,566
 
    19,626,662
Leisure Equipment & Products - 1.0%    
Hasbro, Inc. (L) 175,875 6,229,493
Mattel, Inc. 210,028 6,538,172
Polaris Industries, Inc. 5,600 425,432
 
    13,193,097
Media - 3.1%    
AMC Networks, Inc. (I) 82,985 3,202,391
Comcast Corp., Class A 231,138 6,682,200
Comcast Corp., Special Class A 161,030 4,624,782
DIRECTV, Class A (I) 50,141 2,228,767
Discovery Communications, Inc., Series C (I) 9,600 447,264
Omnicom Group, Inc. 179,668 8,566,570
The Walt Disney Company 210,037 9,600,791
Thomson Reuters Corp. 140,500 3,859,535
Viacom, Inc., Class B 51,362 2,451,508
 
    41,663,808
Multiline Retail - 1.7%    
Family Dollar Stores, Inc. 103,120 6,986,380
Kohl’s Corp. 64,825 2,970,282
Maoye International Holdings, Ltd. (L) 6,193,025 1,238,336
Target Corp. 194,422 11,258,978
 
    22,453,976
Specialty Retail - 4.4%    
Abercrombie & Fitch Company, Class A 184,730 6,195,844
Advance Auto Parts, Inc. 69,945 5,101,788
AutoZone, Inc. (I) 6,889 2,619,611
CarMax, Inc. (I)(L) 23,330 658,139
Conn’s, Inc. (I)(L) 58,980 1,031,560
Esprit Holdings, Ltd. 631,150 1,013,032
Fast Retailing Company, Ltd. 1,260 279,865
Foot Locker, Inc. 6,800 215,832
GameStop Corp., Class A (L) 56,090 1,075,806
GNC Holdings, Inc., Class A 285,421 10,997,271
Lowe’s Companies, Inc. 959,226 25,630,519
Monro Muffler Brake, Inc. 7,645 258,325
PetSmart, Inc. 14,677 945,786
Rent-A-Center, Inc. 23,130 778,787
Zhongsheng Group Holdings, Ltd. (L) 744,500 1,197,547
 
    57,999,712
Textiles, Apparel & Luxury Goods - 2.4%    
Deckers Outdoor Corp. (I)(L) 66,690 3,712,632
Fifth & Pacific Companies, Inc. (I)(L) 269,298 3,223,497

 

20

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Alpha Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Textiles, Apparel & Luxury Goods (continued)    
Hanesbrands, Inc. (I) 368,000 $ 10,252,480
Lululemon Athletica, Inc. (I) 7,300 530,272
PVH Corp. 94,180 7,628,580
Samsonite International SA 2,262,340 4,101,087
Tumi Holdings, Inc. (I)(L) 91,860 1,584,585
Under Armour, Inc., Class A (I) 5,700 574,161
 
    31,607,294
    238,591,644
Consumer Staples - 4.5%    
Beverages - 1.8%    
Companhia de Bebidas das    
Americas, ADR (L) 14,100 540,735
Dr. Pepper Snapple Group, Inc. (L) 10,600 437,356
Molson Coors Brewing Company, Class B 132,205 5,083,282
PepsiCo, Inc. 262,590 17,816,732
 
    23,878,105
Food & Staples Retailing - 0.3%    
CVS Caremark Corp. 60,160 2,703,590
Wal-Mart Stores, Inc. 6,600 434,412
Whole Foods Market, Inc. 8,400 744,324
 
    3,882,326
Food Products - 2.0%    
Asian Bamboo AG (L) 62,018 686,313
Asian Citrus Holdings, Ltd. 4,155,457 2,075,409
China Minzhong Food Corp. Ltd. (I)(L) 1,442,125 646,508
Diamond Foods, Inc. (L) 16,820 354,902
General Mills, Inc. 130,948 5,012,689
Kraft Foods, Inc., Class A 222,705 8,522,920
Mead Johnson Nutrition Company 30,380 2,452,881
PureCircle, Ltd. (I)(L) 1,019,947 2,137,920
Unilever NV - NY Shares 134,800 4,227,328
 
    26,116,870
Tobacco - 0.4%    
Lorillard, Inc. (L) 4,200 519,120
Philip Morris International, Inc. 59,850 5,057,924
Reynolds American, Inc. (L) 13,300 556,472
 
    6,133,516
    60,010,817
Energy - 7.9%    
Energy Equipment & Services - 1.4%    
Baker Hughes, Inc. 150,665 6,287,250
Ensco PLC 70,750 3,177,383
Halliburton Company 158,215 4,755,943
McDermott International, Inc. (I) 344,820 3,499,923
Petroleum Geo-Services ASA 63,169 742,928
 
    18,463,427
Oil, Gas & Consumable Fuels - 6.5%    
Anadarko Petroleum Corp. 152,207 9,284,627
BG Group PLC (I) 427,452 8,227,904
Cabot Oil & Gas Corp. 193,660 6,301,696
Cameco Corp. (Toronto Stock Exchange) 67,945 1,302,506
Cheniere Energy, Inc. (I)(L) 218,750 3,071,250
Chesapeake Energy Corp. (L) 80,954 1,368,123
Chevron Corp. 69,000 6,783,390
Cobalt International Energy, Inc. (I) 533,347 12,080,310
Exxon Mobil Corp. 71,650 5,633,840
Inpex Corp. 163 937,051
JX Holdings, Inc. 321,625 1,626,919
Karoon Gas Australia, Ltd. (I) 550,620 2,590,257

 

Alpha Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
KiOR, Inc., Class A (I)(L) 115,039 $ 1,041,103
Occidental Petroleum Corp. 171,831 13,621,043
Pioneer Natural Resources Company 5,400 522,180
Rosetta Resources, Inc. (I)(L) 52,740 2,040,511
Royal Dutch Shell PLC, ADR, Class B (L) 93,600 6,023,160
Tourmaline Oil Corp. (I) 50,400 1,158,929
Uranium One, Inc. (I)(L) 1,161,225 2,687,058
Vallares PLC (I) 18,152 176,749
 
    86,478,606
 
    104,942,033
Financials - 10.5%    
Capital Markets - 2.0%    
BlackRock, Inc. 55,165 9,422,182
Invesco, Ltd. 257,665 5,604,214
LPL Investment Holdings, Inc. 32,890 1,064,978
Matsui Securities Company, Ltd. 103,440 516,204
SEI Investments Company 366,160 6,557,926
T. Rowe Price Group, Inc. 56,220 3,237,710
 
    26,403,214
Commercial Banks - 3.8%    
Barclays PLC 643,661 1,769,604
BNP Paribas SA (L) 32,900 1,049,430
China Construction Bank Corp., H Shares 852,000 592,557
Cullen/Frost Bankers, Inc. (L) 80,455 4,577,085
First Niagara Financial Group, Inc. 177,570 1,432,990
First Republic Bank (I) 74,820 2,349,348
Industrial & Commercial Bank of China,    
H Shares 956,000 583,814
M&T Bank Corp. (L) 98,755 8,030,757
PNC Financial Services Group, Inc. 187,433 11,512,135
Wells Fargo & Company 577,963 18,523,714
 
    50,421,434
Consumer Finance - 0.1%    
Acom Company, Ltd. (I) 28,770 555,997
Discover Financial Services 10,600 350,966
 
    906,963
Diversified Financial Services - 2.0%    
Bank of America Corp. 920,779 6,767,726
JPMorgan Chase & Company 312,901 10,372,668
Justice Holdings, Ltd. (I) 171,163 2,611,761
NYSE Euronext 127,700 3,104,387
PHH Corp. (I)(L) 206,565 3,422,782
 
    26,279,324
Insurance - 2.0%    
ACE, Ltd. 87,015 6,293,795
Alleghany Corp. (I) 11,350 3,734,150
Berkshire Hathaway, Inc., Class B (I) 33,530 2,660,941
Cincinnati Financial Corp. 7,400 266,992
Everest Re Group, Ltd. 3,300 336,996
Marsh & McLennan Companies, Inc. 258,500 8,266,830
The Allstate Corp. 19,200 651,648
Unum Group (L) 217,515 4,339,424
W.R. Berkley Corp. 11,800 452,176
 
    27,002,952
Real Estate Investment Trusts - 0.4%    
CubeSmart 146,000 1,651,260
Digital Realty Trust, Inc. 8,200 580,314
Host Hotels & Resorts, Inc. (L) 153,380 2,340,579
Public Storage 10,880 1,452,154
 
    6,024,307

 

21

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Alpha Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Real Estate Management & Development - 0.2%    
BR Malls Participacoes SA 27,800 $ 306,002
E-House China Holdings, Ltd., ADR 78,570 428,207
Forest City Enterprises, Inc., Class A (I) 122,540 1,640,811
 
    2,375,020
    139,413,214
Health Care - 12.4%    
Biotechnology - 1.8%    
Algeta ASA (I) 26,700 639,392
Amgen, Inc. 15,600 1,084,512
Amylin Pharmaceuticals, Inc. (I) 185,490 4,917,340
Biogen Idec, Inc. (I) 42,495 5,556,221
BioMarin Pharmaceutical, Inc. (I) 18,600 662,904
Celgene Corp. (I) 6,400 436,800
Gilead Sciences, Inc. (I) 65,270 3,260,237
Regeneron Pharmaceuticals, Inc. (I) 38,447 5,215,336
Seattle Genetics, Inc. (I)(L) 85,950 1,674,306
Vertex Pharmaceuticals, Inc. (I) 3,300 198,132
 
    23,645,180
Health Care Equipment & Supplies - 3.6%    
Edwards Lifesciences Corp. (I) 161,020 13,746,277
Gen-Probe, Inc. (I) 106,530 8,619,342
Hologic, Inc. (I) 764,610 12,814,864
Intuitive Surgical, Inc. (I) 4,417 2,310,533
Medtronic, Inc. 269,942 9,944,663
The Cooper Companies, Inc. 5,200 442,936
 
    47,878,615
Health Care Providers & Services - 1.0%    
Cardinal Health, Inc. 161,720 6,691,974
CIGNA Corp. 139,235 6,113,809
 
    12,805,783
Health Care Technology - 1.5%    
Allscripts Healthcare Solutions, Inc. (I) 93,600 1,012,752
CareView Communications, Inc. (I)(L) 1,940,070 3,007,109
Cerner Corp. (I) 5,300 413,188
SXC Health Solutions Corp. (I) 177,808 15,951,156
 
    20,384,205
Life Sciences Tools & Services - 0.5%    
Agilent Technologies, Inc. 121,570 4,943,036
Life Technologies Corp. (I) 36,920 1,510,397
 
    6,453,433
Pharmaceuticals - 4.0%    
Elan Corp. PLC, ADR (I)(L) 306,502 4,278,768
Eli Lilly & Company 14,100 577,395
Johnson & Johnson 246,328 15,378,257
MAP Pharmaceuticals, Inc. (I) 68,980 811,895
Merck & Company, Inc. 285,921 10,744,911
Perrigo Company 9,600 997,344
Pfizer, Inc. 555,744 12,154,121
Roche Holdings AG 16,761 2,628,255
Salix Pharmaceuticals, Ltd. (I) 19,600 1,015,476
TherapeuticsMD, Inc. (I) 613,427 1,662,387
Watson Pharmaceuticals, Inc. (I) 32,150 2,291,974
 
    52,540,783
    163,707,999
Industrials - 14.9%    
Aerospace & Defense - 4.3%    
BE Aerospace, Inc. (I) 66,850 2,895,942
DigitalGlobe, Inc. (I) 217,240 3,510,598
General Dynamics Corp. 170,569 10,918,122

 

Alpha Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Aerospace & Defense (continued)    
Honeywell International, Inc. 38,950 $ 2,167,957
Lockheed Martin Corp. 106,746 8,838,569
Northrop Grumman Corp. 151,522 8,901,918
Rolls-Royce Holdings PLC (I) 354,898 4,514,850
Safran SA (L) 120,546 4,156,593
TransDigm Group, Inc. (I) 46,668 5,740,164
Triumph Group, Inc. (L) 46,359 2,774,123
Zodiac Aerospace 22,289 2,180,061
 
    56,598,897
Air Freight & Logistics - 1.1%    
Expeditors International of Washington, Inc. 106,050 4,056,413
United Parcel Service, Inc., Class B 134,285 10,063,318
 
    14,119,731
Airlines - 1.6%    
AirAsia BHD 1,294,817 1,432,395
Copa Holdings SA, Class A 32,760 2,719,735
Delta Air Lines, Inc. (I) 477,950 5,783,195
United Continental Holdings, Inc. (I)(L) 194,625 4,898,711
US Airways Group, Inc. (I)(L) 511,640 6,763,881
 
    21,597,917
Building Products - 0.5%    
Lennox International, Inc. (L) 154,560 6,629,078
Commercial Services & Supplies - 0.2%    
ACCO Brands Corp. (I) 309,230 2,820,178
Construction & Engineering - 0.8%    
AECOM Technology Corp. (I) 115,800 1,886,382
Jacobs Engineering Group, Inc. (I) 96,080 3,412,762
Vinci SA 151,165 6,083,082
 
    11,382,226
Electrical Equipment - 0.4%    
AMETEK, Inc. 15,900 806,289
Polypore International, Inc. (I)(L) 111,120 4,110,329
 
    4,916,618
Industrial Conglomerates - 1.1%    
3M Company 84,704 7,149,865
Koninklijke Philips Electronics NV -    
NY Shares 64,500 1,148,100
Tyco International, Ltd. 114,850 6,105,426
 
    14,403,391
Machinery - 2.3%    
Chart Industries, Inc. (I)(L) 28,330 1,769,492
Eaton Corp. 118,500 5,055,210
IDEX Corp. 51,580 2,049,273
Meritor, Inc. (I) 108,400 586,444
PACCAR, Inc. (L) 139,690 5,248,153
Pall Corp. 173,135 9,636,694
Stanley Black & Decker, Inc. 71,520 4,738,200
Vallourec SA (L) 14,800 557,561
Wabtec Corp. 7,200 522,792
Westport Innovations, Inc. (I)(L) 33,910 827,743
 
    30,991,562
Professional Services - 1.1%    
IHS, Inc., Class A (I) 77,190 7,641,038
Intertek Group PLC 5,520 225,908
The Advisory Board Company (I)(L) 18,300 1,772,721
Verisk Analytics, Inc., Class A (I) 98,045 4,696,356
 
    14,336,023
Road & Rail - 1.0%    
Canadian National Railway Company 5,200 426,088

 

22

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Alpha Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Road & Rail (continued)    
Canadian Pacific Railway Ltd. 28,120 $ 2,066,539
Hertz Global Holdings, Inc. (I)(L) 362,060 4,927,637
J.B. Hunt Transport Services, Inc. (L) 40,020 2,286,343
Landstar System, Inc. 67,840 3,575,168
 
    13,281,775
Trading Companies & Distributors - 0.5%    
MSC Industrial Direct Company, Inc., Class A 88,950 6,378,605
 
    197,456,001
Information Technology - 19.9%    
Communications Equipment - 1.7%    
Acme Packet, Inc. (I)(L) 124,445 2,847,302
Cisco Systems, Inc. 870,766 14,219,609
Finisar Corp. (I)(L) 105,720 1,517,082
JDS Uniphase Corp. (I) 125,890 1,277,784
QUALCOMM, Inc. 39,330 2,254,002
 
    22,115,779
Computers & Peripherals - 3.2%    
Apple, Inc. (I) 53,431 30,868,692
EMC Corp. (I) 263,067 6,274,148
Gemalto NV 5,617 359,273
SanDisk Corp. (I) 70,870 2,317,449
Toshiba Corp. 468,240 1,752,553
 
    41,572,115
Electronic Equipment, Instruments & Components - 1.2%  
Arrow Electronics, Inc. (I) 177,080 6,004,783
Avnet, Inc. (I) 23,595 719,412
Hon Hai Precision Industry Company, Ltd. 311,614 909,390
Jabil Circuit, Inc. 145,600 2,785,328
Trimble Navigation, Ltd. (I) 90,000 4,244,850
Universal Display Corp. (I)(L) 52,440 1,476,186
 
    16,139,949
Internet Software & Services - 3.5%    
DealerTrack Holdings, Inc. (I)(L) 56,090 1,531,257
eBay, Inc. (I) 334,050 13,091,420
Equinix, Inc. (I)(L) 91,870 14,984,916
IAC/InterActiveCorp 132,030 5,930,788
LinkedIn Corp., Class A (I) 101,880 9,790,668
Netease.com, Inc., ADR (I)(L) 7,900 492,644
Rackspace Hosting, Inc. (I) 8,200 405,654
 
    46,227,347
IT Services - 2.3%    
Automatic Data Processing, Inc. 84,942 4,429,725
Cognizant Technology    
Solutions Corp., Class A (I) 67,050 3,905,663
Sapient Corp. (L) 204,805 2,252,855
The Western Union Company (L) 839,117 13,761,519
Vantiv, Inc. (I) 7,600 168,568
VeriFone Systems, Inc. (I)(L) 166,190 6,001,121
 
    30,519,451
Semiconductors & Semiconductor Equipment - 2.4%  
Analog Devices, Inc. 189,200 6,881,204
ARM Holdings PLC 196,553 1,536,502
Avago Technologies, Ltd. 102,475 3,391,923
Imagination Technologies Group PLC (I) 47,322 359,865
Intel Corp. 238,800 6,170,592
RF Micro Devices, Inc. (I)(L) 357,270 1,346,908
Skyworks Solutions, Inc. (I) 343,320 9,221,575
Xilinx, Inc. 105,200 3,363,244
 
    32,271,813

 

Alpha Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software - 5.6%    
Activision Blizzard, Inc. (L) 633,465 $ 7,436,879
ANSYS, Inc. (I)(L) 34,475 2,133,141
Ariba, Inc. (I) 8,400 377,412
BroadSoft, Inc. (I)(L) 35,907 980,620
Cadence Design Systems, Inc. (I)(L) 1,009,890 10,300,878
Concur Technologies, Inc. (I)(L) 128,620 7,955,147
FactSet Research Systems, Inc. (L) 25,515 2,690,046
Microsoft Corp. 292,035 8,524,502
Oracle Corp. 520,119 13,767,550
Perfect World Company, Ltd. 37,785 385,029
Red Hat, Inc. (I) 8,400 431,592
Rovi Corp. (I) 78,240 1,911,403
Salesforce.com, Inc. (I)(L) 32,350 4,484,357
SolarWinds, Inc. (I) 3,300 151,338
Solera Holdings, Inc. 132,880 5,899,872
Splunk, Inc. (I) 46,500 1,514,040
TIBCO Software, Inc. (I) 91,850 2,456,988
TiVo, Inc. (I) 290,120 2,477,625
 
    73,878,419
 
    262,724,873
Materials - 3.9%    
Chemicals - 1.9%    
Celanese Corp., Series A (L) 110,630 4,404,180
Flotek Industries, Inc. (I)(L) 159,550 1,699,208
LyondellBasell Industries NV, Class A 88,700 3,500,102
Methanex Corp. 103,121 2,884,294
Mitsubishi Gas & Chemicals Company, Inc. 220,855 1,277,765
PTT Global Chemical PCL 557,545 950,709
The Dow Chemical Company (L) 150,600 4,677,636
The Sherwin-Williams Company (L) 41,090 5,326,908
 
    24,720,802
Containers & Packaging - 0.2%    
Graphic Packaging Holding Company (I) 152,920 756,954
Silgan Holdings, Inc. 56,455 2,359,819
 
    3,116,773
Metals & Mining - 1.2%    
AngloGold Ashanti, Ltd., ADR (L) 26,031 938,678
Barrick Gold Corp. (L) 56,810 2,218,999
China Metal Recycling Holdings, Ltd. (L) 640,065 583,226
Continental Gold Ltd. (I) 205,870 1,297,588
Detour Gold Corp. (I) 126,820 2,601,845
Fortescue Metals Group, Ltd. 298,949 1,341,904
Molycorp, Inc. (I)(L) 136,825 2,692,716
Mongolian Mining Corp. (I) 1,159,985 780,064
Suncoke Energy, Inc. (I) 235,700 3,309,228
 
    15,764,248
Paper & Forest Products - 0.6%    
International Paper Company 84,700 2,473,240
Louisiana-Pacific Corp. (I)(L) 126,083 1,187,702
Norbord, Inc. (I) 323,295 3,734,240
Sino-Forest Corp. (I)(L) 157,965 0
 
    7,395,182
 
    50,997,005
Telecommunication Services - 0.9%    
Diversified Telecommunication Services - 0.9%    
American Tower Corp. 87,066 5,648,831
AT&T, Inc. 146,700 5,012,739

 

23

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Alpha Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Diversified Telecommunication Services (continued)    
HUGHES Telematics, Inc (I) 271,905 $ 1,182,787
    11,844,357
 
    11,844,357
Utilities - 0.8%    
Electric Utilities - 0.1%    
Xcel Energy, Inc. 19,300 540,786
Gas Utilities - 0.7%    
UGI Corp. 339,712 9,742,940
Multi-Utilities - 0.0%    
DTE Energy Company 9,500 539,885
 
    10,823,611
TOTAL COMMON STOCKS (Cost $1,229,144,925) $ 1,240,511,554
PREFERRED SECURITIES - 0.0%    
Financials - 0.0%    
Banco do Estado do Rio Grande do Sul SA 2,110 16,739
Industrials - 0.0%    
Rolls-Royce Holdings PLC - C Shares 37,832,248 58,307
TOTAL PREFERRED SECURITIES (Cost $83,274) $ 75,046
INVESTMENT COMPANIES - 0.4%    
SPDR S&P 500 ETF Trust (L) 38,010 4,997,935
TOTAL INVESTMENT COMPANIES (Cost $5,191,368) $ 4,997,935
SECURITIES LENDING COLLATERAL - 12.1%    
Securities Lending Collateral - 12.1%    
John Hancock Collateral    
Investment Trust, 0.3309% (W)(Y) 15,932,583 159,440,547
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $159,451,700) $ 159,440,547
SHORT-TERM INVESTMENTS - 5.5%    
Repurchase Agreement - 5.5%    
Deutsche Bank Tri-Party Repurchase    
Agreement dated 5/31/2012 at 0.220% to be    
repurchased at $72,400,442 on 06/01/2012    
collateralized by $68,495,375 Government    
National Mortgage Association, 3.000% -    
4.500% due 10/20/2040 - 05/20/2042    
(valued at $73,848,001, including interest) $ 72,400,000 $ 72,400,000
TOTAL SHORT-TERM INVESTMENTS (Cost $72,400,000) $ 72,400,000
Total Investments (Alpha Opportunities Fund)    
(Cost $1,466,271,267) - 111.7% $ 1,477,425,082
Other assets and liabilities, net - (11.7%)   (154,162,009)
TOTAL NET ASSETS - 100.0% $ 1,323,263,073
 
 
Blue Chip Growth Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 99.4%    
Consumer Discretionary - 24.4%    
Auto Components - 0.3%    
Johnson Controls, Inc. 209,800 $ 6,323,372

 

Blue Chip Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Automobiles - 0.4%    
Harley-Davidson, Inc. 190,400 $ 9,173,472
Diversified Consumer Services - 0.0%    
Weight Watchers International, Inc. (L) 5,500 312,070
Hotels, Restaurants & Leisure - 8.9%    
Carnival Corp. (L) 480,100 15,406,409
Chipotle Mexican Grill, Inc. (I) 42,300 17,472,861
Las Vegas Sands Corp. 552,900 25,532,922
Marriott International, Inc., Class A (L) 543,385 21,034,433
McDonald’s Corp. (L) 160,000 14,294,400
Starbucks Corp. 1,011,100 55,499,279
Starwood Hotels & Resorts Worldwide, Inc. 364,100 19,242,685
Tim Hortons, Inc. 4,000 213,200
Wynn Resorts, Ltd. (L) 12,700 1,308,608
Yum! Brands, Inc. 311,300 21,903,068
 
    191,907,865
Internet & Catalog Retail - 7.2%    
Amazon.com, Inc. (I) 390,611 83,164,988
Expedia, Inc. 4,800 220,272
Groupon, Inc. (I)(L) 100,900 1,073,576
Liberty Interactive Corp., Series A (I) 405,600 6,797,856
priceline.com, Inc. (I) 99,300 62,111,157
 
    153,367,849
Media - 1.7%    
Discovery Communications, Inc., Series C (I) 356,400 16,604,676
Omnicom Group, Inc. 109,900 5,240,032
The Walt Disney Company 320,000 14,627,200
 
    36,471,908
Multiline Retail - 0.3%    
Dollar General Corp. (I) 72,900 3,565,539
Dollar Tree, Inc. (I) 24,350 2,512,433
 
    6,077,972
Specialty Retail - 1.8%    
Bed Bath & Beyond, Inc. (I) 121,100 8,749,475
Limited Brands, Inc. (L) 120,600 5,349,816
Lowe’s Companies, Inc. 78,500 2,097,520
O’Reilly Automotive, Inc. (I) 192,800 18,468,312
Ross Stores, Inc. 10,400 657,592
The Home Depot, Inc. 67,800 3,345,252
Tiffany & Company 200 11,078
 
    38,679,045
Textiles, Apparel & Luxury Goods - 3.8%    
Coach, Inc. 214,700 14,481,515
Fossil, Inc. (I)(L) 146,600 10,725,256
NIKE, Inc., Class B 226,700 24,524,406
PVH Corp. 149,600 12,117,600
Ralph Lauren Corp. 132,500 19,716,000
 
    81,564,777
 
    523,878,330
Consumer Staples - 1.2%    
Beverages - 0.3%    
Monster Beverage Corp. (I) 79,000 5,735,400
The Coca-Cola Company 7,000 523,110
 
    6,258,510
Food & Staples Retailing - 0.9%    
CVS Caremark Corp. 106,800 4,799,592
Whole Foods Market, Inc. 176,600 15,648,526
 
    20,448,118

 

24

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Blue Chip Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food Products - 0.0%    
Green Mountain Coffee Roasters, Inc. (I) 200 $ 4,720
    26,711,348
Energy - 5.0%    
Energy Equipment & Services - 2.5%    
Cameron International Corp. (I) 252,500 11,536,725
FMC Technologies, Inc. (I) 144,900 5,830,776
Halliburton Company 16,100 483,966
Schlumberger, Ltd. 563,808 35,660,856
 
    53,512,323
Oil, Gas & Consumable Fuels - 2.5%    
Concho Resources, Inc. (I) 121,600 10,669,184
EOG Resources, Inc. 162,400 16,126,320
EQT Corp. 109,800 5,092,524
Occidental Petroleum Corp. 80,300 6,365,381
Pioneer Natural Resources Company (L) 85,500 8,267,850
Range Resources Corp. (L) 116,900 6,714,736
 
    53,235,995
    106,748,318
Financials - 6.5%    
Capital Markets - 3.6%    
Ameriprise Financial, Inc. 118,489 5,677,993
BlackRock, Inc. 8,600 1,468,880
Franklin Resources, Inc. 317,335 33,888,205
Invesco, Ltd. 957,100 20,816,925
Morgan Stanley 25,500 340,680
Northern Trust Corp. 129,311 5,583,649
State Street Corp. 136,229 5,613,997
TD Ameritrade Holding Corp. 193,100 3,313,596
The Charles Schwab Corp. 21,814 271,802
The Goldman Sachs Group, Inc. 2,524 241,547
 
    77,217,274
Commercial Banks - 0.7%    
U.S. Bancorp (L) 415,500 12,926,205
Wells Fargo & Company 53,600 1,717,880
 
    14,644,085
Consumer Finance - 1.2%    
American Express Company 445,948 24,897,277
Diversified Financial Services - 0.8%    
Citigroup, Inc. 26,000 689,260
IntercontinentalExchange, Inc. (I) 101,550 12,434,798
JPMorgan Chase & Company 145,400 4,820,010
 
    17,944,068
Insurance - 0.2%    
Marsh & McLennan Companies, Inc. 127,000 4,061,460
Prudential Financial, Inc. 10,400 483,080
 
    4,544,540
    139,247,244
Health Care - 10.5%    
Biotechnology - 4.1%    
Alexion Pharmaceuticals, Inc. (I) 168,400 15,251,988
Amgen, Inc. 5,600 389,312
Biogen Idec, Inc. (I) 226,600 29,627,950
Celgene Corp. (I) 353,300 24,112,725
Gilead Sciences, Inc. (I) 288,400 14,405,580
Regeneron Pharmaceuticals, Inc. (I) 27,800 3,771,070
Vertex Pharmaceuticals, Inc. (I) 19,200 1,152,768
 
    88,711,393

 

Blue Chip Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Equipment & Supplies - 1.2%    
Baxter International, Inc. 125,900 $ 6,373,058
Covidien PLC 97,600 5,053,728
Edwards Lifesciences Corp. (I) 48,300 4,123,371
Intuitive Surgical, Inc. (I) 250 130,775
Stryker Corp. 181,721 9,349,545
 
    25,030,477
Health Care Providers & Services - 3.9%    
Cardinal Health, Inc. 337,700 13,974,026
Express Scripts Holding Company (I) 517,100 26,987,449
Henry Schein, Inc. (I) 2,900 215,499
McKesson Corp. 377,300 32,930,744
UnitedHealth Group, Inc. 196,900 10,981,113
 
    85,088,831
Health Care Technology - 0.0%    
Cerner Corp. (I) 400 31,184
Life Sciences Tools & Services - 0.5%    
Thermo Fisher Scientific, Inc. 198,200 10,005,136
Pharmaceuticals - 0.8%    
Allergan, Inc. 171,200 15,450,800
Perrigo Company 23,400 2,431,026
 
    17,881,826
 
    226,748,847
Industrials - 13.6%    
Aerospace & Defense - 3.7%    
Honeywell International, Inc. 299,700 16,681,302
Precision Castparts Corp. 203,400 33,807,114
The Boeing Company 236,300 16,448,843
United Technologies Corp. 164,900 12,220,739
 
    79,157,998
Air Freight & Logistics - 1.8%    
C.H. Robinson Worldwide, Inc. (L) 3,300 192,258
Expeditors International of Washington, Inc. (L) 98,500 3,767,625
FedEx Corp. 383,700 34,203,018
 
    38,162,901
Electrical Equipment - 0.3%    
Roper Industries, Inc. 59,900 6,063,078
Industrial Conglomerates - 3.4%    
3M Company 31,300 2,642,033
Danaher Corp. 1,324,974 68,858,899
General Electric Company 90,800 1,733,372
 
    73,234,304
Machinery - 0.4%    
Caterpillar, Inc. 24,200 2,120,404
Cummins, Inc. 30,500 2,956,975
Deere & Company 5,500 406,285
Stanley Black & Decker, Inc. 39,900 2,643,375
 
    8,127,039
Professional Services - 0.1%    
IHS, Inc., Class A (I)(L) 29,100 2,880,609
Road & Rail - 2.2%    
J.B. Hunt Transport Services, Inc. (L) 71,000 4,056,230
Kansas City Southern 100,900 6,657,382
Union Pacific Corp. 339,000 37,764,600
 
    48,478,212
Trading Companies & Distributors - 1.7%    
Fastenal Company (L) 507,800 22,459,994

 

25

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Blue Chip Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Trading Companies & Distributors (continued)    
W.W. Grainger, Inc. (L) 67,700 $ 13,110,105
    35,570,099
    291,674,240
Information Technology - 31.9%    
Communications Equipment - 2.7%    
Juniper Networks, Inc. (I)(L) 618,179 10,632,679
QUALCOMM, Inc. 814,423 46,674,582
 
    57,307,261
Computers & Peripherals - 11.6%    
Apple, Inc. (I) 389,400 224,968,062
EMC Corp. (I) 1,049,600 25,032,960
 
    250,001,022
Internet Software & Services - 9.7%    
Baidu, Inc., ADR (I) 363,900 42,856,503
eBay, Inc. (I) 742,862 29,112,762
Facebook, Inc., Class A (I) 133,659 3,575,908
Facebook, Inc., Class A (I)(L) 40,500 1,200,015
Facebook, Inc., Class B (I) 392,206 10,493,064
Google, Inc., Class A (I) 161,484 93,799,596
LinkedIn Corp., Class A (I) 81,400 7,822,540
Tencent Holdings, Ltd. 769,500 21,104,744
 
    209,965,132
IT Services - 4.5%    
Accenture PLC, Class A 90,400 5,161,840
Fiserv, Inc. (I) 25,900 1,746,437
International Business Machines Corp. 2,000 385,800
MasterCard, Inc., Class A 147,860 60,106,568
Visa, Inc., Class A (L) 248,300 28,604,160
 
    96,004,805
Semiconductors & Semiconductor Equipment - 1.9%  
Altera Corp. 105,800 3,534,778
Broadcom Corp., Class A (I) 808,000 26,138,800
Xilinx, Inc. 355,975 11,380,521
 
    41,054,099
Software - 1.5%    
Autodesk, Inc. (I) 307,000 9,830,140
Intuit, Inc. 103,400 5,814,182
Microsoft Corp. 27,266 795,895
Red Hat, Inc. (I) 46,200 2,373,756
Salesforce.com, Inc. (I)(L) 102,600 14,222,412
 
    33,036,385
    687,368,704
Materials - 4.2%    
Chemicals - 4.2%    
Air Products & Chemicals, Inc. 11,200 885,248
Ecolab, Inc. 143,600 9,076,956
Monsanto Company 214,704 16,575,149
Praxair, Inc. 417,300 44,333,952
The Sherwin-Williams Company (L) 155,200 20,120,128
 
    90,991,433
    90,991,433
Telecommunication Services - 2.1%    
Diversified Telecommunication Services - 2.1%    
American Tower Corp. 698,862 45,342,167
TOTAL COMMON STOCKS (Cost $1,373,555,297) $ 2,138,710,631

 

Blue Chip Growth Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
SECURITIES LENDING COLLATERAL - 5.3%    
Securities Lending Collateral - 5.3%    
John Hancock Collateral    
Investment Trust, 0.3309% (W)(Y) 11,306,029 113,141,696
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $113,123,417) $ 113,141,696
 
SHORT-TERM INVESTMENTS - 0.8%    
Money Market Funds - 0.8%    
State Street Institutional U.S. Government    
Money Market Fund, 0.0164% (Y) 500,000 500,000
T. Rowe Price Prime Reserve Investment    
Fund, 0.1100% (Y) 17,362,646 17,362,646
 
    17,862,646
TOTAL SHORT-TERM INVESTMENTS (Cost $17,862,646) $ 17,862,646
Total Investments (Blue Chip Growth Fund)    
(Cost $1,504,541,360) - 105.5% $ 2,269,714,973
Other assets and liabilities, net - (5.5%)   (117,857,759)
 
TOTAL NET ASSETS - 100.0% $ 2,151,857,214
 
 
 
Capital Appreciation Fund    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 98.3%    
Consumer Discretionary - 24.4%    
Auto Components - 0.9%    
BorgWarner, Inc. (I)(L) 204,458 $ 14,669,862
Automobiles - 1.9%    
BMW AG (L) 151,481 11,475,843
Harley-Davidson, Inc. 446,134 21,494,736
 
    32,970,579
Hotels, Restaurants & Leisure - 6.0%    
Chipotle Mexican Grill, Inc. (I) 67,204 27,759,956
Dunkin’ Brands Group, Inc. (L) 490,708 15,933,289
Panera Bread Company, Class A (I) 8,562 1,258,186
Starbucks Corp. 776,269 42,609,405
Yum! Brands, Inc. 251,664 17,707,079
 
    105,267,915
Internet & Catalog Retail - 4.5%    
Amazon.com, Inc. (I) 250,866 53,411,880
priceline.com, Inc. (I) 38,744 24,233,985
 
    77,645,865
Media - 1.4%    
The Walt Disney Company 544,882 24,906,556
Specialty Retail - 2.6%    
Inditex SA 299,783 24,851,391
Tiffany & Company (L) 125,106 6,929,621
TJX Companies, Inc. 325,126 13,804,850
 
    45,585,862
Textiles, Apparel & Luxury Goods - 7.1%    
Burberry Group PLC 787,386 16,609,612
Coach, Inc. 306,105 20,646,782
Lululemon Athletica, Inc. (I) 350,720 25,476,301
NIKE, Inc., Class B 326,958 35,370,316

 

26

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Capital Appreciation Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Textiles, Apparel & Luxury Goods (continued)    
Ralph Lauren Corp. 169,678 $ 25,248,086
    123,351,097
    424,397,736
Consumer Staples - 5.9%    
Food & Staples Retailing - 3.3%    
Costco Wholesale Corp. 331,667 28,652,712
Whole Foods Market, Inc. 332,968 29,504,294
 
    58,157,006
Food Products - 1.2%    
Mead Johnson Nutrition Company 251,455 20,302,477
Personal Products - 1.4%    
The Estee Lauder Companies, Inc., Class A 453,535 24,558,920
 
    103,018,403
Energy - 5.5%    
Energy Equipment & Services - 1.9%    
National Oilwell Varco, Inc. 270,703 18,069,425
Schlumberger, Ltd. 243,639 15,410,167
 
    33,479,592
Oil, Gas & Consumable Fuels - 3.6%    
Anadarko Petroleum Corp. 256,967 15,674,987
Concho Resources, Inc. (I) 181,004 15,881,291
EOG Resources, Inc. 145,131 14,411,508
Occidental Petroleum Corp. 198,753 15,755,150
 
    61,722,936
    95,202,528
Financials - 3.8%    
Capital Markets - 1.9%    
The Goldman Sachs Group, Inc. (L) 356,026 34,071,688
Consumer Finance - 1.3%    
American Express Company 392,601 21,918,914
Diversified Financial Services - 0.6%    
JPMorgan Chase & Company 311,633 10,330,634
 
    66,321,236
Health Care - 15.4%    
Biotechnology - 4.3%    
Alexion Pharmaceuticals, Inc. (I) 252,256 22,846,826
Biogen Idec, Inc. (I) 52,363 6,846,462
Celgene Corp. (I) 256,541 17,508,923
Vertex Pharmaceuticals, Inc. (I) 462,646 27,777,266
 
    74,979,477
Health Care Providers & Services - 3.0%    
Express Scripts Holding Company (I)(L) 495,542 25,862,337
UnitedHealth Group, Inc. 489,970 27,325,627
 
    53,187,964
Life Sciences Tools & Services - 1.9%    
Agilent Technologies, Inc. 565,082 22,976,234
Illumina, Inc. (I)(L) 230,476 9,924,297
 
    32,900,531
Pharmaceuticals - 6.2%    
Allergan, Inc. (L) 328,689 29,664,182
Bristol-Myers Squibb Company 553,951 18,468,726
Novo Nordisk A/S, ADR (L) 248,197 33,206,277
Shire PLC, ADR 308,293 26,023,012
 
    107,362,197
    268,430,169

 

Capital Appreciation Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Industrials - 7.1%    
Aerospace & Defense - 5.3%    
Precision Castparts Corp. (L) 242,631 $ 40,327,699
The Boeing Company 414,938 28,883,834
United Technologies Corp. 314,955 23,341,315
 
    92,552,848
Electrical Equipment - 0.4%    
Roper Industries, Inc. (L) 60,461 6,119,862
Road & Rail - 1.4%    
Union Pacific Corp. 219,427 24,444,168
 
    123,116,878
Information Technology - 32.6%    
Communications Equipment - 1.4%    
QUALCOMM, Inc. 410,981 23,553,321
Computers & Peripherals - 10.0%    
Apple, Inc. (I) 208,458 120,432,440
EMC Corp. (I) 1,656,685 39,511,937
NetApp, Inc. (I) 488,461 14,536,599
 
    174,480,976
Internet Software & Services - 7.5%    
Baidu, Inc., ADR (I) 236,204 27,817,745
Facebook, Inc., Class A (I)(L) 385,519 11,422,928
Google, Inc., Class A (I) 66,872 38,843,270
LinkedIn Corp., Class A (I) 240,774 23,138,381
Rackspace Hosting, Inc. (I) 194,408 9,617,364
Tencent Holdings, Ltd. 666,992 18,293,302
Youku.com, Inc., ADR (I)(L) 96,906 2,306,363
 
    131,439,353
IT Services - 6.4%    
International Business Machines Corp. (L) 174,854 33,729,337
MasterCard, Inc., Class A (L) 124,072 50,436,509
Visa, Inc., Class A 231,184 26,632,397
 
    110,798,243
Semiconductors & Semiconductor Equipment - 1.9%  
Altera Corp. 362,739 12,119,110
ARM Holdings PLC, ADR (L) 356,352 8,370,709
Avago Technologies, Ltd. (L) 385,420 12,757,402
 
    33,247,221
Software - 5.4%    
Intuit, Inc. (L) 195,681 11,003,143
Red Hat, Inc. (I) 477,670 24,542,685
Salesforce.com, Inc. (I)(L) 216,704 30,039,508
VMware, Inc., Class A (I) 315,141 29,311,267
 
    94,896,603
 
    568,415,717
Materials - 1.5%    
Chemicals - 1.5%    
Monsanto Company 348,840 26,930,448
Telecommunication Services - 2.1%    
Diversified Telecommunication Services - 1.5%    
American Tower Corp. 412,000 26,730,560
Wireless Telecommunication Services - 0.6%    
Crown Castle International Corp. (I)(L) 173,544 9,475,502
 
    36,206,062
TOTAL COMMON STOCKS (Cost $1,225,675,772) $ 1,712,039,177

 

27

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Capital Appreciation Fund (continued)  
  Shares or  
  Principal  
  Amount  Value
 
SECURITIES LENDING COLLATERAL - 6.7%    
John Hancock Collateral    
Investment Trust, 0.3309% (W)(Y) 11,742,148 117,506,019
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $117,472,809) $ 117,506,019
SHORT-TERM INVESTMENTS - 1.7%    
Money Market Funds - 1.7%    
State Street Institutional Treasury Money    
Market Fund, 0.0000% (Y) 29,175,806 29,175,806
TOTAL SHORT-TERM INVESTMENTS (Cost $29,175,806) $ 29,175,806
Total Investments (Capital Appreciation Fund)    
(Cost $1,372,324,387) - 106.7% $ 1,858,721,002
Other assets and liabilities, net - (6.7%)   (116,296,535)
TOTAL NET ASSETS - 100.0% $ 1,742,424,467
 
 
Capital Appreciation Value Fund    
  Shares or  
  Principal  
  Amount  Value
 
COMMON STOCKS - 61.9%    
Consumer Discretionary - 7.4%    
Auto Components - 1.7%    
Delphi Automotive PLC (I) 389,200 $ 11,298,467
TRW Automotive Holdings Corp. (I) 364,600 14,062,622
 
    25,361,089
Automobiles - 0.8%    
General Motors Company (I) 523,200 11,615,040
Leisure Equipment & Products - 0.6%    
Hasbro, Inc. (L) 243,500 8,624,770
Media - 2.6%    
The McGraw-Hill Companies, Inc. 205,000 8,892,900
The Walt Disney Company (L) 671,000 30,671,410
 
    39,564,310
Multiline Retail - 1.5%    
Dollar General Corp. (I)(L) 223,000 10,906,930
Kohl’s Corp. 242,800 11,125,096
 
    22,032,026
Specialty Retail - 0.2%    
Lowe’s Companies, Inc. 98,700 2,637,264
 
    109,834,499
Consumer Staples - 8.1%    
Beverages - 2.1%    
Coca-Cola Enterprises, Inc. 136,700 3,740,112
PepsiCo, Inc. (L) 397,700 26,983,945
 
    30,724,057
Food Products - 3.1%    
General Mills, Inc. 781,800 29,927,304
Kellogg Company 319,400 15,580,332
 
    45,507,636
Household Products - 2.0%    
The Procter & Gamble Company 488,000 30,397,520
Personal Products - 0.0%    
Avon Products, Inc. 10,000 165,500

 

Capital Appreciation Value Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Tobacco - 0.9%    
Philip Morris International, Inc. 163,800 $ 13,842,738
 
    120,637,451
Energy - 3.4%    
Energy Equipment & Services - 0.7%    
Schlumberger, Ltd. 55,800 3,529,350
Weatherford International, Ltd. (I) 539,800 6,482,998
 
    10,012,348
Oil, Gas & Consumable Fuels - 2.7%    
Apache Corp. 61,200 4,980,456
EOG Resources, Inc. 27,200 2,700,960
Exxon Mobil Corp. 60,400 4,749,252
Nexen, Inc. 308,400 4,820,292
Spectra Energy Corp. 237,800 6,827,238
The Williams Companies, Inc. 453,100 13,833,143
WPX Energy, Inc. (I) 189,533 2,780,449
 
    40,691,790
 
    50,704,138
Financials - 7.1%    
Capital Markets - 4.2%    
BlackRock, Inc. 98,600 16,840,880
Invesco, Ltd. 1,046,800 22,767,900
Northern Trust Corp. 196,900 8,502,142
TD Ameritrade Holding Corp. (L) 871,200 14,949,792
 
    63,060,714
Commercial Banks - 1.1%    
U.S. Bancorp 500,100 15,558,111
Diversified Financial Services - 1.5%    
JPMorgan Chase & Company 659,300 21,855,795
Insurance - 0.3%    
XL Group PLC 244,700 4,996,774
 
    105,471,394
Health Care - 10.8%    
Health Care Equipment & Supplies - 0.2%    
Covidien PLC 58,300 3,018,774
Health Care Providers & Services - 3.7%    
AmerisourceBergen Corp. 272,000 10,061,280
Express Scripts Holding Company (I) 68,000 3,548,920
Henry Schein, Inc. (I) 1,600 118,896
Laboratory Corp. of    
America Holdings (I)(L) 158,600 13,208,208
McKesson Corp. 63,200 5,516,096
Quest Diagnostics, Inc. (L) 332,100 18,896,490
WellPoint, Inc. 56,800 3,827,752
 
    55,177,642
Life Sciences Tools & Services - 3.6%    
Thermo Fisher Scientific, Inc. 1,053,700 53,190,776
Pharmaceuticals - 3.3%    
Pfizer, Inc. 2,281,500 49,896,405
 
    161,283,597
Industrials - 9.6%    
Aerospace & Defense - 2.5%    
United Technologies Corp. 512,700 37,996,197
Electrical Equipment - 2.1%    
Cooper Industries PLC 435,700 30,716,850
Industrial Conglomerates - 3.0%    
Danaher Corp. 853,500 44,356,395

 

28

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Capital Appreciation Value Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Machinery - 1.0%    
Actuant Corp., Class A 12,035 $ 314,956
Ingersoll-Rand PLC 173,700 7,175,547
Pall Corp. 124,000 6,901,840
 
    14,392,343
Road & Rail - 1.0%    
CSX Corp. 715,100 14,938,439
Union Pacific Corp. 4,800 534,720
 
    15,473,159
    142,934,944
Information Technology - 9.3%    
Communications Equipment - 0.2%    
Cisco Systems, Inc. 230,000 3,755,900
Computers & Peripherals - 2.3%    
Apple, Inc. (I) 55,000 31,775,150
Dell, Inc. (I) 227,700 2,807,541
 
    34,582,691
Electronic Equipment, Instruments & Components - 1.5%  
TE Connectivity, Ltd. 699,700 21,984,574
Internet Software & Services - 1.1%    
Google, Inc., Class A (I) 28,600 16,612,596
IT Services - 2.4%    
Accenture PLC, Class A 61,900 3,534,490
Amdocs, Ltd. (I) 334,400 9,614,000
Fiserv, Inc. (I) 302,000 20,363,860
International Business Machines Corp. 11,700 2,256,930
 
    35,769,280
Semiconductors & Semiconductor Equipment - 0.7%  
Texas Instruments, Inc. (L) 348,800 9,933,824
Software - 1.1%    
Microsoft Corp. 127,300 3,715,887
Oracle Corp. 463,800 12,276,786
 
    15,992,673
    138,631,538
Materials - 2.1%    
Chemicals - 0.5%    
Potash Corp. of Saskatchewan, Inc. 183,800 7,265,614
Containers & Packaging - 1.6%    
Ball Corp. 128,600 5,140,142
Crown Holdings, Inc. (I) 558,600 19,042,674
 
    24,182,816
    31,448,430
Telecommunication Services - 2.0%    
Diversified Telecommunication Services - 2.0%    
AT&T, Inc. 867,400 29,639,058
Utilities - 2.1%    
Electric Utilities - 1.6%    
American Electric Power Company, Inc. 97,800 3,766,278
Edison International 433,300 19,481,168
 
    23,247,446
Multi-Utilities - 0.5%    
MDU Resources Group, Inc. 213,300 4,792,851
PG&E Corp. 76,900 3,360,530
 
    8,153,381
    31,400,827
TOTAL COMMON STOCKS (Cost $852,810,302) $ 921,985,876

 

Capital Appreciation Value Fund (continued)
    Shares or  
    Principal  
    Amount Value
 
 
PREFERRED SECURITIES - 1.9%      
Consumer Discretionary - 0.7%      
General Motors Company,      
Series B, 4.750%   132,600 4,869,072
Newell Financial Trust I, 5.250%   106,300 4,879,170
 
      9,748,242
Financials - 0.7%      
AMG Capital Trust I, 5.100%   129,500 6,313,125
U.S. Bancorp (6.000% to 04/15/2017, then      
3 month LIBOR + 4.861%), 6.000%   75,000 1,945,500
U.S. Bancorp (6.500% to 01/15/2022, then      
3 month LIBOR + 4.468%), 6.500%   60,000 1,604,400
 
      9,863,025
Utilities - 0.5%      
PPL Corp., 8.750%   124,850 6,542,140
SCE Trust I, 5.625%   60,000 1,455,000
 
      7,997,140
TOTAL PREFERRED SECURITIES (Cost $28,308,742) $ 27,608,407
 
CORPORATE BONDS - 7.1%      
Consumer Discretionary - 1.6%      
CCH II LLC 13.500%, 11/30/2016 $ 171,922 $ 192,553
CCO Holdings LLC 7.250%, 10/30/2017   710,000 761,475
Ford Motor Credit Company LLC      
2.750%, 05/15/2015   2,300,000 2,338,629
3.875%, 01/15/2015   3,260,000 3,396,079
4.250%, 02/03/2017   1,110,000 1,183,653
5.000%, 05/15/2018   1,490,000 1,628,485
5.875%, 08/02/2021   5,000,000 5,683,755
6.625%, 08/15/2017   1,225,000 1,422,906
Lamar Media Corp. 9.750%, 04/01/2014   840,000 942,900
Mattel, Inc. 2.500%, 11/01/2016   170,000 176,247
MGM Resorts International      
9.000%, 03/15/2020   1,210,000 1,324,950
13.000%, 11/15/2013   480,000 549,600
Time Warner, Inc. 5.875%, 11/15/2016   205,000 241,178
Turner Broadcasting System, Inc.      
8.375%, 07/01/2013   3,250,000 3,489,041
Unitymedia Hessen GmbH & Company      
KG 7.500%, 03/15/2019 (S) EUR 720,000 905,860
Univision Communications, Inc.      
7.875%, 11/01/2020 (S) $ 60,000 61,350
 
      24,298,661
Consumer Staples - 0.2%      
Pernod-Ricard SA      
4.250%, 07/15/2022 (S)   1,870,000 1,905,375
5.750%, 04/07/2021 (S)   240,000 271,188
Rite Aid Corp. 10.375%, 07/15/2016   250,000 263,438
 
      2,440,001
Energy - 1.5%      
CONSOL Energy, Inc.      
8.000%, 04/01/2017   2,670,000 2,676,675
8.250%, 04/01/2020   760,000 760,000
Denbury Resources, Inc.      
8.250%, 02/15/2020   750,000 810,000
Energy Transfer Equity LP      
7.500%, 10/15/2020   440,000 475,200
EQT Corp.      
4.875%, 11/15/2021   8,885,000 9,173,363
6.500%, 04/01/2018   1,165,000 1,346,784
Everest Acquisition LLC      
6.875%, 05/01/2019 (S)   775,000 794,375

 

29

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Capital Appreciation Value Fund (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Laredo Petroleum, Inc.      
7.375%, 05/01/2022 (S) $ 400,000 $ 409,000
Noble Energy, Inc. 4.150%, 12/15/2021   1,120,000 1,177,275
Peabody Energy Corp.      
6.000%, 11/15/2018 (S)   1,775,000 1,770,563
6.500%, 09/15/2020   180,000 181,350
7.375%, 11/01/2016   180,000 199,350
Plains Exploration & Production Company      
6.750%, 02/01/2022   1,600,000 1,584,000
QEP Resources, Inc. 6.875%, 03/01/2021   100,000 108,250
Range Resources Corp.      
5.750%, 06/01/2021   325,000 334,750
Whiting Petroleum Corp.      
6.500%, 10/01/2018   325,000 339,625
 
      22,140,560
Financials - 1.1%      
Boston Properties LP 3.700%, 11/15/2018   920,000 961,205
CIT Group, Inc. 5.250%, 04/01/2014 (S)   400,000 407,000
CNH Capital, Inc. 6.250%, 11/01/2016 (S)   525,000 547,313
Host Hotels & Resorts LP      
5.875%, 06/15/2019   1,325,000 1,417,750
International Lease Finance Corp.      
6.500%, 09/01/2014 (S)   3,825,000 4,006,688
6.750%, 09/01/2016 (S)   2,919,000 3,130,628
7.125%, 09/01/2018 (S)   1,790,000 1,969,000
Legg Mason, Inc. 5.500%, 05/21/2019 (S)   2,460,000 2,499,569
Regions Bank 7.500%, 05/15/2018   75,000 84,000
Synovus Financial Corp.      
5.125%, 06/15/2017   85,000 77,988
UDR, Inc. 4.625%, 01/10/2022   1,870,000 1,994,983
 
      17,096,124
Health Care - 0.1%      
Fresenius Medical Care US Finance II, Inc.      
5.625%, 07/31/2019 (S)   625,000 620,313
5.875%, 01/31/2022 (S)   350,000 348,250
 
      968,563
Industrials - 0.7%      
American Airlines Pass      
Through Trust 2009-1A      
10.375%, 07/02/2019   71,853 77,960
Continental Airlines 2009-1 Pass      
Through Trust 9.000%, 07/08/2016   1,592,551 1,823,471
Continental Airlines 2009-2 Class A Pass      
Through Trust 7.250%, 11/10/2019   360,698 405,786
Continental Airlines 2012-1 Class A Pass      
Through Trust 4.150%, 04/11/2024   1,805,000 1,782,438
Continental Airlines 2012-1 Class B Pass      
Through Trust 6.250%, 04/11/2020   435,000 441,525
Continental Airlines, Inc.      
6.750%, 09/15/2015 (S)   170,000 171,275
Delta Air Lines 2011-1 Class A Pass      
Through Trust 5.300%, 04/15/2019   144,292 152,949
Schaeffler Finance BV      
7.750%, 02/15/2017 (S)   1,000,000 1,033,750
8.500%, 02/15/2019 (S)   1,200,000 1,261,500
U.S. Airways 2010-1 Class A Pass      
Through Trust 6.250%, 04/22/2023   93,544 97,988
United Technologies Corp.      
0.967%, 06/01/2015   2,140,000 2,156,666
Verisk Analytics, Inc. 4.875%, 01/15/2019   1,060,000 1,159,699
 
      10,565,007

 

Capital Appreciation Value Fund (continued)
  Shares or   
  Principal   
  Amount  Value
 
CORPORATE BONDS (continued)      
Information Technology - 0.0%      
First Data Corp. 7.375%, 06/15/2019 (S) $ 375,000 $ 375,000
Materials - 0.1%      
Ecolab, Inc. 4.350%, 12/08/2021   1,120,000 1,224,871
Telecommunication Services - 1.2%      
CC Holdings GS V LLC      
7.750%, 05/01/2017 (S)   50,000 53,750
Cricket Communications, Inc.      
7.750%, 10/15/2020   1,230,000 1,125,450
Crown Castle International Corp.      
7.125%, 11/01/2019   1,120,000 1,206,800
Matterhorn Mobile SA      
6.750%, 05/15/2019 (S) CHF 1,400,000 1,470,119
Nextel Communications, Inc.      
5.950%, 03/15/2014 $ 300,000 298,500
Sprint Nextel Corp.      
9.000%, 11/15/2018 (S)   4,980,000 5,390,850
11.500%, 11/15/2021 (S)   330,000 348,150
Unitymedia Hessen GmbH &      
Company KG      
7.500%, 03/15/2019 (S)   150,000 158,352
8.125%, 12/01/2017 (S) EUR 1,430,000 1,856,606
UPCB Finance III, Ltd.      
6.625%, 07/01/2020 (S) $ 1,490,000 1,467,650
UPCB Finance V, Ltd.      
7.250%, 11/15/2021 (S)   2,150,000 2,171,500
UPCB Finance VI, Ltd.      
6.875%, 01/15/2022 (S)   1,750,000 1,719,375
 
      17,267,102
Utilities - 0.6%      
AmeriGas Finance LLC      
6.750%, 05/20/2020   650,000 640,250
7.000%, 05/20/2022   2,675,000 2,621,500
Calpine Construction Finance Company LP      
8.000%, 06/01/2016 (S)   670,000 718,575
CMS Energy Corp.      
6.550%, 07/17/2017   745,000 844,524
8.750%, 06/15/2019   345,000 426,169
Entergy Corp. 4.700%, 01/15/2017   750,000 787,600
EQT Corp. 8.125%, 06/01/2019   1,061,000 1,270,453
Nisource Finance Corp.      
4.450%, 12/01/2021   665,000 702,684
Tucson Electric Power Company      
5.150%, 11/15/2021   990,000 1,101,853
 
      9,113,608
TOTAL CORPORATE BONDS (Cost $102,932,728) $ 105,489,497
 
CONVERTIBLE BONDS - 0.9%      
Energy - 0.4%      
Oil States International, Inc.      
2.375%, 07/01/2025   1,902,000 3,987,068
Peabody Energy Corp. 4.750%, 12/15/2041   2,662,000 2,305,958
 
      6,293,026
Industrials - 0.2%      
Continental Airlines, Inc.      
4.500%, 01/15/2015   2,243,000 3,336,463
Information Technology - 0.3%      
Xilinx, Inc. 3.125%, 03/15/2037   3,534,000 4,055,265
Telecommunication Services - 0.0%      
SBA Communications Corp.      
1.875%, 05/01/2013   213,000 270,244
TOTAL CONVERTIBLE BONDS (Cost $13,547,860) $ 13,954,998

 

30

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Capital Appreciation Value Fund (continued)
    Shares or  
    Principal  
    Amount Value
 
 
TERM LOANS (M) - 11.6%      
Consumer Discretionary - 4.4%      
Alpha D2, Ltd.      
5.750%, 04/28/2017 $ 3,000,000 $ 2,984,463
Cedar Fair LP      
4.000%, 12/15/2017   1,222,214 1,216,857
Charter Communications Operating LLC      
3.720%, 09/06/2016   612,555 603,367
DineEquity, Inc.      
4.250%, 10/19/2017   13,527,152 13,422,885
Dollar General Corp.      
2.989%, 07/06/2017   2,800,000 2,798,572
Federal-Mogul Corp.      
2.178%, 12/29/2014   11,072,339 10,477,200
2.178%, 12/28/2015   5,649,152 5,345,510
Fleetpride Corp.      
6.750%, 12/06/2017   1,250,000 1,256,250
Interactive Data Corp.      
4.500%, 02/12/2018   829,514 817,071
Univision Communications, Inc.      
4.489%, 03/31/2017   28,809,399 26,407,415
 
      65,329,590
Consumer Staples - 1.9%      
Dunkin’ Brands, Inc.      
4.000%, 11/23/2017   24,924,685 24,635,210
Pinnacle Foods Finance LLC      
4.750%, 10/17/2018   500,000 496,719
Reynolds Group Holdings, Inc.      
6.500%, 02/09/2018   979,322 979,730
6.500%, 08/09/2018   984,295 984,705
Rite Aid Corp.      
4.500%, 03/02/2018   500,000 494,750
 
      27,591,114
Energy - 0.0%      
El Paso Corp.      
- 04/24/2018 (T)   550,000 549,656
Financials - 0.7%      
Fifth Third Processing      
3.750%, 02/27/2019   1,625,000 1,614,844
Nuveen Investments, Inc.      
8.250%, 02/28/2019   1,150,000 1,157,906
WorldPay US, Inc.      
5.250%, 11/30/2017   7,500,000 7,470,000
 
      10,242,750
Health Care - 0.1%      
HCA, Inc.      
1.489%, 11/19/2012   2,201,379 2,192,666
Industrials - 0.7%      
Colfax Corp.      
4.500%, 01/11/2019   4,189,500 4,176,890
Delos Aircraft, Inc.      
4.750%, 04/12/2016   250,000 248,750
Flying Fortress, Inc.      
5.000%, 06/30/2017   2,000,000 1,990,000
Fram Group Holdings, Inc.      
6.500%, 07/28/2017   670,500 648,709
Schaeffler AG      
6.000%, 01/27/2017   3,725,000 3,708,703
 
      10,773,052
Information Technology - 1.2%      
First Data Corp.      
5.239%, 03/24/2017   18,846,915 17,826,034

 

Capital Appreciation Value Fund (continued)
    Shares or  
    Principal  
    Amount Value
 
TERM LOANS (M) (continued)      
Telecommunication Services - 2.6%      
Crown Castle Operating Company      
4.000%, 01/31/2019 $ 7,036,438 $ 6,936,168
Intelsat Jackson Holdings SA      
5.250%, 04/02/2018   27,366,925 27,093,256
SBA Senior Finance      
3.750%, 06/29/2018   198,500 196,515
Telesat Holdings, Inc.      
4.250%, 03/26/2019   3,825,000 3,777,188
 
      38,003,127
TOTAL TERM LOANS (Cost $171,841,310) $ 172,507,989
 
SECURITIES LENDING COLLATERAL - 1.3%    
John Hancock Collateral      
Investment Trust, 0.3309% (W)(Y)   1,962,440 19,638,530
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $19,634,985)   $ 19,638,530
 
SHORT-TERM INVESTMENTS - 18.3%      
Money Market Funds - 18.3%      
State Street Institutional U.S. Government      
Money Market Fund, 0.0317% (Y)   9,249,328 9,249,328
T. Rowe Price Reserve Investment      
Fund, 0.1100% (Y)   264,105,815 264,105,815
 
      273,355,143
TOTAL SHORT-TERM INVESTMENTS (Cost $273,355,143) $ 273,355,143
Total Investments (Capital Appreciation Value Fund)    
(Cost $1,462,431,070) - 103.0%   $ 1,534,540,440
Other assets and liabilities, net - (3.0%)     (44,230,389)
 
TOTAL NET ASSETS - 100.0%   $ 1,490,310,051
 
 
 
Core Bond Fund      
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 58.7%      
U.S. Government - 26.4%      
U.S. Treasury Bonds      
3.000%, 05/15/2042 $ 644,000 690,288
3.125%, 11/15/2041 to 02/15/2042   5,633,000 6,184,824
4.250%, 11/15/2040   424,000 566,504
4.375%, 05/15/2041   7,812,000 10,653,615
4.500%, 02/15/2036   4,439,000 6,079,348
U.S. Treasury Notes      
0.250%, 05/31/2014 to 05/15/2015   27,911,000 27,844,359
0.375%, 04/15/2015   34,088,000 34,117,282
0.625%, 05/31/2017   6,545,000 6,532,728
0.875%, 04/30/2017   18,223,000 18,423,745
1.125%, 05/31/2019   1,022,000 1,029,186
1.250%, 04/30/2019   487,000 495,104
1.500%, 06/30/2016   1,585,000 1,646,171
1.750%, 07/31/2015 to 05/15/2022   12,679,000 13,000,288
2.000%, 11/15/2021 to 02/15/2022   10,498,000 10,942,348
2.125%, 11/30/2014   5,376,000 5,615,818
2.375%, 02/28/2015   8,929,000 9,420,095
2.625%, 08/15/2020   11,184,000 12,388,897
3.000%, 09/30/2016   13,963,000 15,399,667
 
      181,030,267

 

31

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency - 32.3%      
Federal Home Loan Mortgage Corp.      
3.000%, TBA $ 4,700,000 $ 4,893,167
3.500%, 01/01/2032 to 05/01/2032   2,764,479 2,918,405
4.000%, TBA   1,100,000 1,167,725
4.000%, 11/01/2031 to 06/15/2042   12,723,774 13,626,572
4.500%, 12/01/2040 to 07/15/2042   32,922,937 36,080,847
5.000%, 09/01/2033 to 08/01/2041   14,123,439 15,609,192
5.500%, 07/01/2038 to 10/01/2039   2,771,877 3,055,666
5.566%, 08/01/2039 (P)   22,834 24,677
5.608%, 10/01/2038 (P)   144,141 156,956
5.661%, 11/01/2039 (P)   4,633,000 4,979,179
5.682%, 03/01/2036 (P)   7 8
5.776%, 07/01/2038 (P)   32,506 35,396
5.833%, 11/01/2037 (P)   57,598 62,144
5.927%, 03/01/2037 (P)   116,520 125,474
5.968%, 01/01/2037 (P)   45 49
6.000%, 03/01/2034 to 10/01/2038   5,279,212 5,890,263
6.133%, 06/01/2037 (P)   1,190 1,296
7.000%, 07/25/2043   245,488 283,221
Federal National Mortgage Association      
Zero Coupon 10/09/2019 (Z)   480,000 395,497
2.500%, TBA   14,700,000 15,089,947
3.000%, TBA   5,600,000 5,841,094
3.500%, TBA   6,700,000 6,969,804
3.500%, 01/01/2032 to 04/01/2032   6,053,054 6,425,750
4.000%, 01/01/2032 to 04/01/2032   2,324,586 2,502,213
4.500%, TBA   300,000 321,885
4.500%, 08/01/2041 to 07/25/2042   5,628,054 6,083,735
5.000%, TBA   300,000 325,054
5.000%, 03/01/2041 to 09/01/2041   23,080,169 25,502,358
5.500%, TBA   3,800,000 4,139,633
5.500%, 09/01/2034 to 08/01/2040   4,238,976 4,666,014
5.852%, 09/01/2037 (P)   393,687 428,688
5.983%, 09/01/2037 (P)   88,660 96,543
6.000%, TBA   3,900,000 4,293,430
6.000%, 03/01/2034 to 10/01/2038   29,447,368 32,844,735
6.268%, 09/01/2037 (P)   149,257 163,511
6.500%, 10/01/2036   139,485 157,221
Government National Mortgage Association      
3.000%, 08/20/2041 to 01/20/2042 (P)   2,180,692 2,325,668
3.500%, TBA   4,300,000 4,563,581
3.500%, 12/20/2040 to 03/20/2041   1,199,048 1,281,540
3.500%, 05/20/2041 to 10/20/2041 (P)   3,645,226 3,902,530
6.000%, 01/15/2040   3,346,670 3,765,332
 
      220,996,000
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $395,776,168)   $ 402,026,267
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 1.4%      
Canada - 0.7%      
Province of British Columbia Canada      
1.200%, 04/25/2017   1,060,000 1,071,509
Province of Manitoba Canada      
1.750%, 05/30/2019   710,000 715,671
Province of Ontario Canada      
0.950%, 05/26/2015   2,865,000 2,871,547
 
      4,658,727
Mexico - 0.1%      
Government of Mexico      
5.750%, 10/12/2110   884,000 941,460

 

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Qatar - 0.1%      
Government of Qatar      
5.750%, 01/20/2042 (S) $ 320,000 $ 356,800
Slovakia - 0.3%      
Slovakia Government International Bond      
4.375%, 05/21/2022   2,275,000 2,178,313
South Korea - 0.1%      
Korea Development Bank      
3.875%, 05/04/2017   465,000 484,273
Sweden - 0.1%      
Svensk Exportkredit AB      
1.750%, 05/30/2017   710,000 710,532
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $9,306,734)   $ 9,330,105
 
CORPORATE BONDS - 21.5%      
Consumer Discretionary - 1.9%      
Daimler Finance North America LLC      
1.650%, 04/10/2015 (S)   1,505,000 1,504,655
1.875%, 09/15/2014 (S)   1,670,000 1,679,993
DIRECTV Holdings LLC      
2.400%, 03/15/2017   355,000 356,078
3.800%, 03/15/2022   535,000 536,710
5.150%, 03/15/2042   535,000 534,383
Ford Motor Credit Company LLC      
2.750%, 05/15/2015   1,740,000 1,769,223
5.875%, 08/02/2021   730,000 829,828
NBCUniversal Media LLC      
2.875%, 04/01/2016   262,000 274,315
4.375%, 04/01/2021   414,000 456,135
News America, Inc.      
6.150%, 03/01/2037 to 02/15/2041   762,000 867,344
Omnicom Group, Inc. 3.625%, 05/01/2022   245,000 249,388
Pearson Funding Four PLC      
3.750%, 05/08/2022 (S)   690,000 700,289
The Gap, Inc. 5.950%, 04/12/2021   761,000 786,300
Time Warner Cable, Inc. 5.500%, 09/01/2041 385,000 414,568
University of Pennsylvania      
4.674%, 09/01/2112   510,000 571,970
Wyndham Worldwide Corp.      
2.950%, 03/01/2017   410,000 410,670
4.250%, 03/01/2022   920,000 935,820
 
      12,877,669
Consumer Staples - 1.6%      
BAT International Finance PLC      
1.400%, 06/05/2015 (S)   1,070,000 1,067,100
2.125%, 06/07/2017 (S)   1,280,000 1,278,003
Kraft Foods Group, Inc.      
3.500%, 06/06/2022 (S)   420,000 418,689
5.000%, 06/04/2042 (S)   985,000 986,009
Kraft Foods, Inc.      
5.375%, 02/10/2020   885,000 1,046,839
6.500%, 02/09/2040   560,000 715,444
PepsiCo, Inc. 2.500%, 05/10/2016   815,000 858,384
Pernod-Ricard SA      
5.500%, 01/15/2042 (S)   827,000 851,900
5.750%, 04/07/2021 (S)   1,337,000 1,510,746
The Coca-Cola Company 1.800%, 09/01/2016 1,315,000 1,356,220
Wal-Mart Stores, Inc. 5.625%, 04/15/2041   540,000 689,727
 
      10,779,061

 

32

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy - 2.9%      
BP Capital Markets PLC      
1.846%, 05/05/2017 $ 1,940,000 $ 1,942,171
3.245%, 05/06/2022   865,000 879,330
Canadian Oil Sands Ltd.      
6.000%, 04/01/2042 (S)   755,000 810,301
DCP Midstream Operating LP      
4.950%, 04/01/2022   1,030,000 1,060,594
Devon Energy Corp. 1.875%, 05/15/2017   410,000 409,093
El Paso Pipeline Partners      
Operating Company LLC      
4.100%, 11/15/2015   835,000 869,057
7.500%, 11/15/2040   330,000 418,845
Energen Corp. 4.625%, 09/01/2021   865,000 888,189
Energy Transfer Partners LP      
5.200%, 02/01/2022   385,000 407,288
6.500%, 02/01/2042   560,000 596,096
9.000%, 04/15/2019   133,000 167,981
Husky Energy, Inc. 7.250%, 12/15/2019   262,000 327,705
Kerr-McGee Corp. 6.950%, 07/01/2024   1,360,000 1,689,305
Kinder Morgan Energy Partners LP      
3.950%, 09/01/2022   810,000 818,675
Marathon Petroleum Corp.      
6.500%, 03/01/2041   735,000 817,310
Petrobras International Finance Company      
2.875%, 02/06/2015   725,000 732,939
3.500%, 02/06/2017   2,155,000 2,185,388
Petroleos Mexicanos      
4.875%, 01/24/2022 (S)   370,000 388,500
6.500%, 06/02/2041 (S)   145,000 162,763
Phillips 66      
2.950%, 05/01/2017 (S)   335,000 341,559
5.875%, 05/01/2042 (S)   475,000 508,403
Reliance Holdings USA, Inc.      
5.400%, 02/14/2022 (S)   855,000 851,741
Talisman Energy, Inc. 7.750%, 06/01/2019   560,000 699,722
Transocean, Inc.      
6.375%, 12/15/2021   710,000 815,779
7.350%, 12/15/2041   340,000 421,001
Western Gas Partners LP 5.375%, 06/01/2021 740,000 816,775
 
      20,026,510
Financials - 8.8%      
Achmea Hypotheekbank NV      
3.200%, 11/03/2014 (S)   1,642,000 1,716,690
American Express Credit Corp.      
2.375%, 03/24/2017   905,000 917,047
American International Group, Inc.      
4.875%, 06/01/2022   730,000 736,014
5.850%, 01/16/2018   155,000 170,002
Bank of America Corp.      
3.875%, 03/22/2017   540,000 538,408
5.700%, 01/24/2022   1,250,000 1,328,956
5.875%, 02/07/2042   365,000 373,687
6.000%, 09/01/2017   960,000 1,019,016
Barclays Bank PLC 2.250%, 05/10/2017 (S)   970,000 969,903
Berkshire Hathaway Finance Corp.      
1.600%, 05/15/2017   1,070,000 1,074,976
4.400%, 05/15/2042   430,000 433,786
Berkshire Hathaway, Inc. 3.400%, 01/31/2022 1,480,000 1,535,552
Boston Properties LP      
3.700%, 11/15/2018   435,000 454,483
3.850%, 02/01/2023   1,195,000 1,201,549
Citigroup Funding, Inc. 1.875%, 10/22/2012   1,735,000 1,746,583
Citigroup, Inc.      
2.650%, 03/02/2015   1,265,000 1,255,109

 

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Citigroup, Inc. (continued)      
4.450%, 01/10/2017 $ 1,750,000 $ 1,805,563
4.500%, 01/14/2022   330,000 338,786
6.125%, 05/15/2018   1,065,000 1,159,448
Commonwealth Bank of Australia      
1.950%, 03/16/2015   1,640,000 1,650,716
Cooperatieve Centrale Raiffeisen-      
Boerenleenbank BA 3.875%, 02/08/2022   725,000 723,520
General Electric Capital Corp.      
2.300%, 04/27/2017   1,060,000 1,056,481
4.650%, 10/17/2021   355,000 390,328
6.875%, 01/10/2039   887,000 1,138,398
Goodman Funding Pty, Ltd.      
6.000%, 03/22/2022 (S)   325,000 332,945
Hartford Financial Services Group, Inc.      
5.125%, 04/15/2022   140,000 142,757
6.625%, 04/15/2042   385,000 401,317
HCP, Inc.      
3.750%, 02/01/2019   1,115,000 1,120,675
5.650%, 12/15/2013   1,040,000 1,096,895
Health Care REIT, Inc. 6.500%, 03/15/2041   260,000 287,366
HSBC Holdings PLC      
4.000%, 03/30/2022   785,000 799,669
6.800%, 06/01/2038   590,000 670,691
HSBC USA, Inc. 2.375%, 02/13/2015   2,475,000 2,483,118
Inter-American Development Bank      
3.875%, 10/28/2041   1,073,000 1,200,653
JPMorgan Chase & Company      
4.500%, 01/24/2022   330,000 352,325
4.650%, 06/01/2014   2,555,000 2,704,054
5.400%, 01/06/2042   550,000 597,506
Kilroy Realty LP      
4.800%, 07/15/2018   495,000 527,025
5.000%, 11/03/2015   280,000 298,978
6.625%, 06/01/2020   200,000 232,332
Lazard Group LLC      
6.850%, 06/15/2017   1,665,000 1,830,489
7.125%, 05/15/2015   1,025,000 1,116,141
Liberty Mutual Group, Inc.      
6.500%, 05/01/2042 (S)   945,000 964,203
Lloyds TSB Bank PLC      
4.200%, 03/28/2017   615,000 614,384
6.375%, 01/21/2021   360,000 388,561
MetLife, Inc. 5.700%, 06/15/2035   365,000 433,428
Morgan Stanley      
3.800%, 04/29/2016   175,000 165,193
5.500%, 07/28/2021   1,360,000 1,274,321
Murray Street Investment Trust I      
4.647%, 03/09/2017   3,000,000 2,975,535
NIBC Bank NV 2.800%, 12/02/2014 (S)   895,000 926,781
Nordea Bank AB      
2.250%, 03/20/2015 (S)   1,460,000 1,462,573
4.875%, 05/13/2021 (S)   530,000 517,053
Prudential Covered Trust 2012-1      
2.997%, 09/30/2015 (S)   1,255,000 1,274,804
Prudential Financial, Inc.      
4.750%, 09/17/2015   688,000 744,439
5.625%, 05/12/2041   217,000 225,823
Standard Chartered PLC      
3.200%, 05/12/2016 (S)   1,520,000 1,557,220
Svenska Handelsbanken AB      
2.875%, 04/04/2017   1,720,000 1,743,497
The Goldman Sachs Group, Inc.      
3.300%, 05/03/2015   1,945,000 1,916,918
5.750%, 01/24/2022   180,000 184,807

 

33

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
The Goldman Sachs Group, Inc. (continued)      
6.000%, 06/15/2020 $ 890,000 $ 935,037
Ventas Realty LP      
4.000%, 04/30/2019   560,000 574,108
4.250%, 03/01/2022   730,000 734,508
WEA Finance LLC 4.625%, 05/10/2021 (S)   410,000 433,175
WR Berkley Corp.      
4.625%, 03/15/2022   415,000 426,652
5.375%, 09/15/2020   105,000 114,003
 
      60,516,960
Health Care - 1.9%      
Amgen, Inc. 5.150%, 11/15/2041   350,000 362,052
Boston Scientific Corp. 6.400%, 06/15/2016   1,015,000 1,173,696
Coventry Health Care, Inc.      
5.950%, 03/15/2017   1,372,000 1,573,069
Express Scripts Holding Company      
2.100%, 02/12/2015 (S)   1,530,000 1,548,082
2.650%, 02/15/2017 (S)   1,725,000 1,756,933
Gilead Sciences, Inc.      
4.500%, 04/01/2021   800,000 887,144
5.650%, 12/01/2041   845,000 982,211
GlaxoSmithKline Capital PLC      
1.500%, 05/08/2017   1,875,000 1,878,368
Kaiser Foundation Hospitals      
3.500%, 04/01/2022   619,000 645,149
Life Technologies Corp. 5.000%, 01/15/2021 555,000 624,317
Wellpoint, Inc.      
3.125%, 05/15/2022   710,000 708,479
4.625%, 05/15/2042   610,000 616,713
 
      12,756,213
Industrials - 0.6%      
ABB Finance USA, Inc. 1.625%, 05/08/2017 530,000 529,074
ABB Treasury Center USA, Inc      
2.500%, 06/15/2016 (S)   560,000 578,206
Hutchison Whampoa International 11, Ltd.      
3.500%, 01/13/2017 (S)   245,000 251,162
4.625%, 01/13/2022 (S)   735,000 758,280
Koninklijke Philips Electronics NV      
3.750%, 03/15/2022   365,000 380,790
United Technologies Corp.      
1.200%, 06/01/2015   360,000 363,629
1.800%, 06/01/2017   720,000 730,859
4.500%, 06/01/2042   540,000 581,638
 
      4,173,638
Information Technology - 0.1%      
Hewlett-Packard Company      
2.600%, 09/15/2017   450,000 444,252
Materials - 0.6%      
Barrick Gold Corp. 3.850%, 04/01/2022 (S)   925,000 954,013
Corp Nacional del Cobre de Chile      
3.875%, 11/03/2021 (S)   705,000 740,406
Teck Resources, Ltd. 6.250%, 07/15/2041   418,000 466,041
The Dow Chemical Company      
5.250%, 11/15/2041   545,000 587,880
8.550%, 05/15/2019   221,000 292,476
Vale Overseas, Ltd. 4.375%, 01/11/2022   1,270,000 1,270,446
 
      4,311,262
Telecommunication Services - 1.3%      
America Movil SAB de CV      
2.375%, 09/08/2016   440,000 444,144
American Tower Corp.      
4.500%, 01/15/2018   1,030,000 1,094,869

 

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Telecommunication Services (continued)      
American Tower Corp. (continued)      
5.050%, 09/01/2020 $ 302,000 $ 317,554
AT&T, Inc.      
0.875%, 02/13/2015   1,625,000 1,619,706
1.600%, 02/15/2017   1,085,000 1,089,303
6.400%, 05/15/2038   365,000 455,729
CenturyLink, Inc. 7.650%, 03/15/2042   575,000 549,224
Deutsche Telekom International Finance BV    
2.250%, 03/06/2017 (S)   1,000,000 990,529
Discovery Communications LLC      
4.950%, 05/15/2042   430,000 450,943
Telefonica Moviles Chile SA      
2.875%, 11/09/2015 (S)   585,000 588,591
Telemar Norte Leste SA      
5.500%, 10/23/2020 (S)   274,000 269,890
Verizon Communications, Inc.      
3.500%, 11/01/2021   295,000 313,977
Verizon Wireless Capital LLC      
8.500%, 11/15/2018   625,000 855,313
 
      9,039,772
Utilities - 1.8%      
Ameren Corp. 8.875%, 05/15/2014   800,000 894,305
Arizona Public Service Company      
4.500%, 04/01/2042   780,000 840,739
Carolina Power & Light Company      
4.100%, 05/15/2042   610,000 637,291
CMS Energy Corp.      
2.750%, 05/15/2014   480,000 482,114
5.050%, 03/15/2022   525,000 545,550
Comision Federal De Electricidad      
5.750%, 02/14/2042 (S)   235,000 238,525
Dominion Resources, Inc. 8.875%, 01/15/2019 1,255,000 1,730,456
Duke Energy Indiana, Inc. 4.200%, 03/15/2042 685,000 715,162
Georgia Power Company 4.300%, 03/15/2042 570,000 589,764
Midamerican Energy Holdings Company      
6.500%, 09/15/2037   255,000 341,079
PPL WEM Holdings PLC      
3.900%, 05/01/2016 (S)   855,000 901,125
Progress Energy, Inc. 3.150%, 04/01/2022   825,000 834,019
Puget Sound Energy, Inc. 4.434%, 11/15/2041 175,000 193,004
San Diego Gas & Electric Company      
4.300%, 04/01/2042   645,000 721,147
Southern California Edison Company      
4.050%, 03/15/2042   360,000 376,143
Southwestern Electric Power Company      
3.550%, 02/15/2022   1,150,000 1,176,520
Tampa Electric Company 4.100%, 06/15/2042 395,000 393,910
The Cleveland Electric Illuminating Company    
8.875%, 11/15/2018   856,000 1,130,278
 
      12,741,131
TOTAL CORPORATE BONDS (Cost $142,967,644) $ 147,666,468
 
MUNICIPAL BONDS - 1.1%      
County of Clark (Nevada) 6.820%, 07/01/2045 635,000 920,464
Los Angeles Community College District      
(California) 6.750%, 08/01/2049   675,000 911,588
Los Angeles Department of Water & Power    
(California) 6.574%, 07/01/2045   395,000 580,599
New Jersey State Turnpike Authority      
7.102%, 01/01/2041   850,000 1,207,221
North Texas Tollway Authority (Texas)      
6.718%, 01/01/2049   763,000 1,065,201
Ohio State University 4.800%, 06/01/2111   270,000 304,398
State of California 7.600%, 11/01/2040   765,000 1,003,963

 

34

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
MUNICIPAL BONDS (continued)      
State of Illinois      
5.365%, 03/01/2017 $ 420,000 $ 461,950
5.665%, 03/01/2018   390,000 436,086
5.877%, 03/01/2019   365,000 407,829
TOTAL MUNICIPAL BONDS (Cost $5,731,383) $ 7,299,299
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 14.3%      
Commercial & Residential - 5.8%      
Banc of America Commercial Mortgage, Inc.    
Series 2004-6, Class A3,      
4.512%, 12/10/2042   107,000 107,950
Series 2002-2, Class B,      
5.271%, 07/11/2043   229,000 229,035
Series 2007-1 A2,      
5.381%, 01/15/2049   99,689 99,610
Series 2006-5, Class A4,      
5.414%, 09/10/2047   1,367,000 1,503,898
Series 2002-PB2, Class B,      
6.309%, 06/11/2035   74,736 74,720
Bear Stearns Commercial      
Mortgage Securities, Inc.      
Series 2003-T12, Class A3,      
4.240%, 08/13/2039 (P)   16,139 16,187
Series 2005-PWR7, Class A2,      
4.945%, 02/11/2041   185,810 185,705
CFCRE Commercial Mortgage Trust      
Series 2011-C2, Class A2,      
3.061%, 12/15/2047   380,000 394,166
Series 2011-C2, Class A4,      
3.834%, 12/15/2047   602,000 634,956
Citigroup/Deutsche Bank Commercial      
Mortgage Trust, Series 2005-CD1,      
Class AM 5.213%, 07/15/2044 (P)   615,000 654,500
Commercial Mortgage Pass      
Through Certificates      
Series 2012-LC4, Class A4,      
3.288%, 12/10/2044   1,196,000 1,224,074
Series 2001-J2A, Class B,      
6.304%, 07/16/2034 (S)   854,000 856,426
Credit Suisse First Boston      
Mortgage Securities Corp.      
Series 2005-C3, Class AM,      
4.730%, 07/15/2037   489,000 511,062
Series 2005-C1, Class A3,      
4.813%, 02/15/2038   321,574 329,618
Series 2005-C2, Class A4,      
4.832%, 04/15/2037   1,083,000 1,145,124
Series 2003-C4, Class B,      
5.253%, 08/15/2036 (P)   494,000 507,212
Series 2002-CP3, Class A3,      
5.603%, 07/15/2035   5,658 5,654
Credit Suisse Mortgage Capital Certificates      
Series 2006-C5, Class A3,      
5.311%, 12/15/2039   537,000 591,784
Series 2006-C4, Class A3,      
5.467%, 09/15/2039   889,000 974,875
Developers Diversified Realty Corp.,      
Series 2009-DDR1, Class A      
3.807%, 10/14/2022 (S)   1,909,883 2,007,329
GMAC Commercial Mortgage Securities, Inc.    
Series 2006-C1, Class AM,      
5.290%, 11/10/2045 (P)   603,000 597,153
Series 2001-C2, Class B,      
6.790%, 04/15/2034   122,480 122,533

 

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Greenwich Capital Commercial Funding Corp.    
Series 2002-C1, Class A4,      
4.948%, 01/11/2035 $ 685,453 $ 690,345
Series 2005-GG5, Class A5,      
5.224%, 04/10/2037 (P)   1,829,000 1,988,822
Series 2007-GG9, Class A4,      
5.444%, 03/10/2039   1,289,000 1,406,093
Series 2007-GG11, Class A4,      
5.736%, 12/10/2049   745,000 813,280
GS Mortgage Securities Corp II,      
Series 2012-GCJ7, Class A4      
3.377%, 05/10/2045   534,000 549,113
Impac Funding LLC, Series 2010-1, Class A1    
5.314%, 01/25/2051 (S)   1,519,534 1,659,299
JPMorgan Chase Commercial      
Mortgage Securities Corp.      
Series 2010-CNTR, Class A1,      
3.300%, 08/05/2032 (S)   389,684 413,325
Series 2012-C6, Class A3,      
3.507%, 05/15/2045   954,000 990,782
Series 2010-C1, Class A1,      
3.853%, 06/15/2043 (S)   2,114,567 2,238,091
Series 2011-C5 A3,      
4.171%, 08/15/2046   163,000 178,487
Series 2010-CNTR, Class A2,      
4.311%, 08/05/2032 (S)   638,000 678,916
Series 2003-CB6, Class A1,      
4.393%, 07/12/2037   67,752 68,177
Series 2002-C2, Class A2,      
5.050%, 12/12/2034   351,401 354,342
Series 2004-IN2, Class A2,      
5.115%, 07/15/2041   1,285,000 1,358,514
Series 2006-LDP9, Class A2,      
5.134%, 05/15/2047   242,945 249,702
Series 2002-C2, Class B,      
5.211%, 12/12/2034 (P)   170,000 171,411
Series 2006-LDP9, Class A3,      
5.336%, 05/15/2047   318,000 345,228
Series 2007-CB18, Class A4,      
5.440%, 06/12/2047   1,488,000 1,651,757
Series 2007-LD11, Class A4,      
5.817%, 06/15/2049 (P)   2,477,000 2,675,155
Series 2007-LD12, Class A4,      
5.882%, 02/15/2051 (P)   586,000 660,475
Series 2001-CIB2, Class D,      
6.847%, 04/15/2035 (P)   301,000 306,098
LB Commercial Conduit Mortgage Trust,      
Series 2007-C3, Class A3      
5.902%, 07/15/2044 (P)   300,000 317,876
LB-UBS Commercial Mortgage Trust      
Series 2004-C7, Class A5,      
4.628%, 10/15/2029   210,036 214,707
Series 2005-C3, Class AM,      
4.794%, 07/15/2040   1,109,000 1,168,969
Series 2007-C7, Class A3,      
5.866%, 09/15/2045 (P)   1,576,000 1,777,288
Merrill Lynch Mortgage Trust,      
Series 2005-CIP1, Class A3A      
4.949%, 07/12/2038 (P)   338,000 352,387
Morgan Stanley Capital I      
Series 2012-C4, Class A4,      
3.244%, 03/15/2045   1,067,000 1,083,072
Series 2011-C3 A4,      
4.118%, 07/15/2049   315,000 342,563

 

35

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Morgan Stanley Capital I (continued)      
Series 2004-T13, Class A3,      
4.390%, 09/13/2045 $ 155,757 $ 157,622
Series 2007-HQ13, Class A1,      
5.357%, 12/15/2044   59,822 59,798
Morgan Stanley Dean Witter Capital I      
Series 2003-HQ2, Class B,      
5.040%, 03/12/2035   274,000 278,409
Series 2001, Class A4,      
6.390%, 07/15/2033   26,994 26,970
Morgan Stanley Mortgage Loan Trust,      
Series 2007-6XS, Class 2A1S      
0.349%, 02/25/2047 (P)   25,690 21,176
Nomura Asset Securities Corp.,      
Series 1998-D6, Class A2      
7.077%, 03/15/2030 (P)   1,035,000 1,061,312
Sequoia Mortgage Trust      
Series 2010-H1, Class A1,      
3.750%, 02/25/2040 (P)   130,906 132,966
Series 2011-1, Class A1,      
4.125%, 02/25/2041 (P)   204,510 209,078
Wachovia Bank Commercial Mortgage Trust,    
Series 2003-C8, Class A3      
4.445%, 11/15/2035   159,748 160,868
 
      39,586,044
Thrifts & Mortgage Finance - 0.4%      
Commercial Mortgage Pass Through      
Certificates 3.391%, 05/15/2045   1,066,000 1,095,788
UBS Commercial      
Mortgage Trust 3.400%, 05/10/2045   1,779,000 1,815,240
 
      2,911,028
U.S. Government Agency - 8.1%      
Federal Home Loan Mortgage Corp.      
Series K014, Class A2,      
3.871%, 04/25/2021   887,000 992,668
Series 3704, Class CA,      
4.000%, 12/15/2036   13,811,758 14,692,853
Series 3664, Class DA,      
4.000%, 11/15/2037   665,774 697,401
Series 3508, Class PK,      
4.000%, 02/15/2039   287,094 303,728
Series 3631, Class PA,      
4.000%, 02/15/2040   1,291,717 1,365,879
Series K005, Class A2,      
4.317%, 11/25/2019   918,000 1,045,215
Series 3598, Class MA,      
4.500%, 11/15/2038   583,102 607,735
Series 2009-K003, Class AAB,      
4.768%, 05/25/2018   710,000 799,766
Series 3455, Class A,      
5.000%, 06/15/2038   5,433,926 5,840,286
Series 3407, Class B,      
5.500%, 01/15/2038   735,000 811,764
Series 3613, Class HJ,      
5.500%, 12/15/2039   4,173,652 4,565,968
Series 2980, Class QA,      
6.000%, 05/15/2035   238,811 268,654
Series T-48, Class 1A,      
6.257%, 07/25/2033 (P)   20,528 23,789
Series 3529, Class AG,      
6.500%, 04/15/2039   2,358,459 2,650,460

 

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal Home Loan Mortgage Corp. (continued)    
Series T-57, Class 1A3,      
7.500%, 07/25/2043 $ 237,340 $ 275,335
Series T-59, Class 1A3,      
7.500%, 10/25/2043   324,211 372,862
Series T-60, Class 1A3,      
7.500%, 03/25/2044   331,359 379,833
Federal National Mortgage Association      
Series 2009-66, Class KE,      
4.000%, 09/25/2039   1,729,934 1,830,643
Series 2011-78, Class D,      
4.000%, 08/25/2041   335,063 354,665
Series 2009-M2, Class A3,      
4.001%, 01/25/2019   1,170,000 1,295,683
Series 2009-M1, Class A2,      
4.287%, 07/25/2019   1,086,000 1,221,716
Series 2010-M3, Class A3,      
4.332%, 03/25/2020 (P)   3,455,000 3,935,554
Series 2010-M1, Class A2,      
4.450%, 09/25/2019   371,000 422,142
Series 2010-54, Class EA,      
4.500%, 06/25/2040   1,716,899 1,843,722
Series 2011-53, Class DT,      
4.500%, 06/25/2041   1,466,816 1,556,236
Series 2009-11, Class LC,      
4.500%, 03/25/2049   1,081,051 1,149,211
Series 2003-W17, Class 1A7,      
5.750%, 08/25/2033   333,000 390,750
Series 2002-95, Class DB,      
6.000%, 01/25/2033   998,000 1,132,294
Series 2009-105, Class CB,      
6.000%, 12/25/2039   1,740,696 1,929,293
Series 2012-30, Class NB,      
6.500%, 04/25/2042   1,653,710 1,836,793
Series 2002-33, Class A2,      
7.500%, 06/25/2032   246,928 283,981
Government National Mortgage Association,    
Series 2010-107, Class GX      
4.500%, 04/20/2039   624,000 699,215
 
      55,576,094
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $96,107,582)   $ 98,073,166
 
ASSET BACKED SECURITIES - 10.5%      
Ally Auto Receivables Trust, Series 2011-4,      
Class A2 0.650%, 03/17/2014   531,962 532,103
Ally Master Owner Trust, Series 2012-1,      
Class A1 1.039%, 02/15/2017 (P)   3,324,000 3,342,102
BMW Vehicle Owner Trust, Series 2011-A,      
Class A2 0.630%, 02/25/2014   2,148,483 2,149,796
Capital One Multi-Asset Execution Trust      
Series 2006-A5, Class A5,      
0.299%, 01/15/2016 (P)   129,000 128,918
Series 2005-A10, Class A,      
0.319%, 09/15/2015 (P)   272,000 271,911
Series 2004-A4, Class A4,      
0.459%, 03/15/2017 (P)   1,426,000 1,428,818
Series 2005-A6, Class A6,      
0.517%, 07/15/2015 (P)   2,484,000 2,482,634
Series 2007-A8, Class A8,      
0.774%, 10/15/2015 (P)   2,260,000 2,262,444
Chase Issuance Trust, Series 2008-A13,      
Class A13 1.974%, 09/15/2015 (P)   997,000 1,016,435

 

36

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
ASSET BACKED SECURITIES (continued)    
Citibank Omni Master Trust,      
Series 2009-A14A, Class A14      
2.989%, 08/15/2018 (P)(S) $ 2,837,000 $ 2,984,515
Citigroup Mortgage Loan Trust, Inc.,      
Series 2007-AHL1, Class A2A      
0.279%, 12/25/2036 (P)   15,569 15,322
Ford Credit Auto Owner Trust, Series 2009-D,    
Class A3 2.170%, 10/15/2013   227,164 227,743
Ford Credit Floorplan Master Owner Trust      
Series 2012-1, Class A,      
0.709%, 01/15/2016 (P)   2,766,000 2,773,267
Series 2009-2, Class A,      
1.789%, 09/15/2014 (P)   2,094,000 2,102,806
GE Capital Credit Card Master Note Trust,      
Series 2009-2, Class A 3.690%, 07/15/2015 2,448,000 2,457,828
Honda Auto Receivables Owner Trust,      
Series 2009-2, Class A4      
4.430%, 07/15/2015   1,124,898 1,134,599
MMCA Automobile Trust, Series 2011-A,      
Class A4 2.020%, 10/17/2016 (S)   807,000 821,053
Morgan Stanley ABS Capital I,      
Series 2007-HE2, Class A2A      
0.279%, 01/25/2037 (P)   2,010 2,002
Nelnet Student Loan Trust      
Series 2002-2 , Class A4,      
0.480%, 09/25/2024 (P)   679,855 665,850
Series 2007-1, Class A3,      
0.537%, 05/27/2025 (P)   1,434,000 1,330,631
Series 2006-2, Class A4,      
0.546%, 10/26/2026 (P)   3,246,000 3,225,189
Series 2006-1, Class A4,      
0.557%, 11/23/2022 (P)   2,771,000 2,752,445
Series 2005-2, Class A5,      
0.574%, 03/23/2037 (P)   1,777,000 1,635,813
Series 2007-2A, Class A3,      
0.824%, 03/25/2026 (P)(S)   3,993,000 3,865,259
Nissan Master Owner Trust Receivables,      
Series 2012-A, Class A      
0.710%, 05/15/2017 (P)   2,074,000 2,073,973
Santander Drive Auto Receivables Trust,      
Series 2012-2, Class A3      
1.220%, 12/15/2015   548,000 549,727
SLC Student Loan Trust, Series 2010-1,      
Class A 1.349%, 11/25/2042 (P)   1,458,193 1,471,013
SLM Student Loan Trust      
Series 2007-2, Class A2,      
0.466%, 07/25/2017 (P)   610,215 607,799
Series 2005-1, Class A2,      
0.546%, 04/27/2020 (P)   615,798 610,654
Series 2005-5, Class A3,      
0.566%, 04/25/2025 (P)   1,261,000 1,234,928
Series 2005-10, Class A5,      
0.596%, 07/26/2021 (P)   1,213,000 1,182,035
Series 2004-5, Class A4,      
0.616%, 01/25/2021 (P)   546,344 545,452
Series 2004-6, Class A5,      
0.636%, 04/27/2020 (P)   1,905,307 1,899,648
Series 2012-3, Class A,      
0.889%, 12/26/2025 (P)   2,526,000 2,525,998
Series 2008-6, Class A2,      
1.016%, 10/25/2017 (P)   458,410 459,430
Series 2012-2, Class A,      
1.167%, 01/25/2029 (P)   3,292,971 3,300,381
Series 2012-B, Class A1,      
1.339%, 12/15/2021 (P)(S)   2,393,718 2,397,575

 

Core Bond Fund (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
ASSET BACKED SECURITIES (continued)      
SLM Student Loan Trust (continued)        
Series 2012-C, Class A1,        
1.340%, 08/15/2023 (P)(S) $ 2,065,000 $ 2,065,000
Series 2011-C, Class A1,        
1.639%, 12/15/2023 (P)(S)   2,350,955   2,365,045
Series 2012-A, Class A1,        
1.639%, 08/15/2025 (P)(S)   2,378,340   2,396,579
Series 2005-6, Class A5,        
1.666%, 07/27/2026 (P)   700,000   705,905
Series 2008-9, Class A,        
1.966%, 04/25/2023 (P)   1,038,910   1,073,024
Series 2008-5, Class A4,        
2.166%, 07/25/2023 (P)   2,003,000   2,080,881
SMS Student Loan Trust        
Series 2000-A, Class A2,        
0.656%, 10/28/2028 (P)   787,513   785,066
Series 2000-B, Class A2,        
0.666%, 04/28/2029 (P)   765,887   759,640
World Financial Network Credit Card        
Master Trust, Series 2011-A, Class A        
1.680%, 08/15/2018   842,000   845,289
World Omni Auto Receivables Trust,        
Series 2008-A, Class A4        
4.740%, 10/15/2013   293,902   294,371
TOTAL ASSET BACKED SECURITIES (Cost $71,632,106) $ 71,838,896
 
SHORT-TERM INVESTMENTS - 6.3%        
Money Market Funds - 6.3%        
State Street Institutional Liquid Reserves        
Fund, 0.1963% (Y)   43,381,455   43,381,455
TOTAL SHORT-TERM INVESTMENTS (Cost $43,381,455) $ 43,381,455
Total Investments (Core Bond Fund)        
(Cost $764,903,072) - 113.8%     $ 779,615,656
Other assets and liabilities, net - (13.8%)       (94,652,006)
 
TOTAL NET ASSETS - 100.0%     $ 684,963,650
 
SALE COMMITMENTS OUTSTANDING - (1.1)%    
U.S. Government Agency - (1.1)%        
Federal Home Loan Mortgage Corp.        
4.000%, TBA (C)   (1,500,000)   (1,592,353)
Federal National Mortgage Association        
3.500%, TBA (C)   (3,100,000)   (3,188,647)
Federal National Mortgage Association        
5.000%, TBA (C)   (2,300,000)   (2,492,077)
TOTAL U.S. GOVERNMENT AGENCY (Cost $(7,204,488)) $ (7,273,077)
 
 
 
Core Diversified Growth & Income Portfolio
    Shares or    
    Principal    
    Amount   Value
 
 
INVESTMENT COMPANIES - 100.0%        
Affiliated Investment Companies - 39.9%      
Equity - 27.8%        
John Hancock Funds II (G) - 27.8%        
Strategic Equity Allocation, Class NAV        
(John Hancock) (A)(1)(I)   895,752 $ 8,482,769

 

37

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Core Diversified Growth & Income  
Portfolio (continued)    
Shares or   
Principal   
Amount Value
 
INVESTMENT COMPANIES (continued)    
Fixed Income - 12.1%    
John Hancock Funds II (G) - 12.1%    
Short Term Government Income, Class NAV    
(John Hancock) (A)(1) 366,391 $ 3,689,555
Unaffiliated Investment Companies - 60.1%    
Equity - 41.9%    
American Funds Capital World Growth and    
Income Fund, Class R5 34,892 1,136,085
American Funds EuroPacific Growth    
Fund, Class R5 24,509 863,682
American Funds New Perspective    
Fund, Class R5 41,600 1,136,085
American Funds The Growth Fund of    
America, Class R5 80,599 2,464,714
American Funds The Investment Company of    
America, Class R5 167,264 4,698,442
American Funds Washington Mutual Investors    
Fund, Class R5 85,177 2,464,167
Fixed Income - 18.2%    
American Funds U.S. Government Securities    
Fund, Class R5 381,599 5,556,078
TOTAL INVESTMENT COMPANIES (Cost $28,661,789) $ 30,491,577
Total Investments (Core Diversified Growth & Income    
Portfolio) (Cost $28,661,789) - 100.0% $ 30,491,577
Other assets and liabilities, net - 0.0%   (10,846)
TOTAL NET ASSETS - 100.0% $ 30,480,731
 
 
 
Core Fundamental Holdings Portfolio  
Shares or   
Principal   
Amount  Value
 
 
INVESTMENT COMPANIES - 100.1%    
Affiliated Investment Companies - 39.9%    
Equity - 23.4%    
John Hancock Funds II (G) - 23.4%    
Strategic Equity Allocation, Class NAV    
(John Hancock) (A)(1)(I) 347,555 $ 3,291,346
Fixed Income - 16.5%    
John Hancock Funds II (G) - 16.5%    
Short Term Government Income, Class NAV    
(John Hancock) (A)(1) 230,476 2,320,894
Unaffiliated Investment Companies - 60.2%    
Equity - 35.3%    
American Funds EuroPacific Growth    
Fund, Class R5 30,354 1,069,688
American Funds The Growth Fund of    
America, Class R5 31,779 971,810
American Funds The Investment Company of    
America, Class R5 69,275 1,945,933
American Funds Washington Mutual Investors    
Fund, Class R5 33,694 974,775

 

Core Fundamental Holdings Portfolio (continued)
  Shares or  
  Principal  
  Amount Value
 
 
INVESTMENT COMPANIES (continued)    
Fixed Income - 24.9%    
American Funds U.S. Government Securities    
Fund, Class R5 240,019 $ 3,494,673
TOTAL INVESTMENT COMPANIES (Cost $13,086,024) $ 14,069,119
Total Investments (Core Fundamental Holdings Portfolio)  
(Cost $13,086,024) - 100.1% $ 14,069,119
Other assets and liabilities, net - (0.1%)   (10,646)
 
TOTAL NET ASSETS - 100.0% $ 14,058,473
 
 
 
Core Global Diversification Portfolio  
  Shares or  
  Principal  
  Amount Value
 
 
INVESTMENT COMPANIES - 100.0%    
Affiliated Investment Companies - 40.0%    
Equity - 25.7%    
John Hancock Funds II (G) - 25.7%    
Strategic Equity Allocation, Class NAV    
(John Hancock) (A)(1)(I) 886,168 $ 8,392,008
Fixed Income - 14.3%    
John Hancock Funds II (G) - 14.3%    
Short Term Government Income, Class NAV    
(John Hancock) (A)(1) 463,394 4,666,380
Unaffiliated Investment Companies - 60.0%    
Equity - 38.5%    
American Funds Capital World Growth and    
Income Fund, Class R5 85,500 2,783,887
American Funds EuroPacific Growth    
Fund, Class R5 154,583 5,447,520
American Funds New Perspective    
Fund, Class R5 101,937 2,783,887
American Funds The Investment Company of    
America, Class R5 56,338 1,582,547
Fixed Income - 21.5%    
American Funds U.S. Government Securities    
Fund, Class R5 482,582 7,026,400
TOTAL INVESTMENT COMPANIES (Cost $32,577,297) $ 32,682,629
Total Investments (Core Global Diversification Portfolio)  
(Cost $32,577,297) - 100.0% $ 32,682,629
Other assets and liabilities, net - 0.0%   2,353
 
TOTAL NET ASSETS - 100.0% $ 32,684,982
 
 
 
Emerging Markets Debt Fund    
  Shares or  
  Principal  
  Amount Value
 
 
FOREIGN GOVERNMENT    
OBLIGATIONS - 11.4%    
Colombia - 1.8%    
Republic of Colombia,    
4.375%, 07/12/2021 250,000 $ 272,750
 
    272,750

 

38

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Emerging Markets Debt Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Mexico - 1.7%      
Government of Mexico,      
4.750%, 03/08/2044 $ 250,000 $ 253,750
      253,750
Peru - 1.4%      
Republic of Peru,      
7.350%, 07/21/2025   150,000 205,875
 
      205,875
Philippines - 2.1%      
Republic of Philippines,      
4.950%, 01/15/2021 PHP 13,000,000 310,956
 
      310,956
Poland - 1.7%      
Republic of Poland,      
5.000%, 03/23/2022 $ 250,000 261,500
 
      261,500
Turkey - 1.3%      
Export Credit Bank of Turkey,      
5.875%, 04/24/2019 (S)   200,000 199,100
 
      199,100
Uruguay - 1.4%      
Republic of Uruguay,      
5.000%, 09/14/2018 UYU 3,811,880 202,497
 
      202,497
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $1,649,666)   $ 1,706,428
 
CORPORATE BONDS - 75.4%      
Argentina - 4.3%      
Aeropuertos Argentina 2000 SA      
10.750%, 12/01/2020 (S) $ 237,500 218,500
Arcos Dorados Holdings, Inc.      
10.250%, 07/13/2016 BRL 250,000 131,083
Banco de Galicia y Buenos Aires      
8.750%, 05/04/2018 (S) $ 150,000 117,000
Pan American Energy LLC      
7.875%, 05/07/2021 (S)   200,000 172,500
 
      639,083
Bermuda - 1.3%      
Digicel, Ltd.      
7.000%, 02/15/2020   200,000 193,500
 
      193,500
Brazil - 7.9%      
Banco Bradesco SA      
5.750%, 03/01/2022   200,000 196,500
Banco Votorantim SA      
6.250%, 05/16/2016 (S) BRL 300,000 169,155
Cia de Saneamento Basico do Estado de      
Sao Paulo      
6.250%, 12/16/2020 (S) $ 250,000 263,125
Magnesita Finance, Ltd.      
8.625%, 04/05/2017 (Q) (S)   200,000 195,152
Oi SA      
9.750%, 09/15/2016 (S) BRL 300,000 157,672
Votorantim Cimentos SA      
7.250%, 04/05/2041 $ 200,000 194,500
 
      1,176,104

 

Emerging Markets Debt Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Cayman Islands - 15.2%      
Agile Property Holdings, Ltd.      
8.875%, 04/28/2017 (S) $ 200,000 $ 188,000
Banco Continental SA (7.375% to      
10/07/2020, then 3 month      
LIBOR + 6.802%)      
10/07/2040 (S)   150,000 156,619
Braskem Finance, Ltd.      
7.375%, 10/04/2015 (Q) (S)   200,000 195,500
China Shanshui Cement Group, Ltd.      
8.500%, 05/25/2016   250,000 240,625
Country Garden Holdings Company, Ltd.      
10.500%, 08/11/2015   200,000 203,547
CSN Islands XII Corp.      
7.000%, 09/23/2015 (Q) (S)   100,000 96,000
Intercorp Retail Trust      
8.875%, 11/14/2018   250,000 265,000
IPIC GMTN Ltd.      
5.500%, 03/01/2022   250,000 264,000
Odebrecht Finance, Ltd.      
7.500%, 09/14/2015 (Q) (S)   350,000 354,375
RDS Ultra-Deepwater, Ltd.      
11.875%, 03/15/2017   100,000 108,000
Schahin II Finance Company, SPV, Ltd.      
5.875%, 09/25/2022 (S)   200,000 196,000
 
      2,267,666
Chile - 3.1%      
Automotores Gildemeister SA      
8.250%, 05/24/2021 (S)   300,000 305,250
Celulosa Arauco y Constitucion SA      
5.000%, 01/21/2021   150,000 155,632
 
      460,882
Colombia - 3.4%      
BanColombia SA      
5.950%, 06/03/2021   200,000 207,000
Transportadora de Gas Internacional SA      
ESP      
5.700%, 03/20/2022 (S)   300,000 306,000
 
      513,000
Georgia - 1.6%      
Georgian Oil and Gas Corp.      
6.875%, 05/16/2017 (S)   250,000 241,250
 
      241,250
Hong Kong - 1.0%      
China Oriental Group Compay, Ltd.      
7.000%, 11/17/2017   200,000 154,000
 
      154,000
India - 0.6%      
State Bank of India      
6.439%, 05/15/2017 (Q)   100,000 88,759
 
      88,759
Ireland - 0.6%      
SCF Capital, Ltd.      
5.375%, 10/27/2017 (S)   100,000 93,874
 
      93,874
Israel - 1.8%      
Israel Electric Corp., Ltd.      
6.700%, 02/10/2017   250,000 259,723
 
      259,723

 

39

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Emerging Markets Debt Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Luxembourg - 1.2%      
Evraz Group SA      
6.750%, 04/27/2018 (S) $ 200,000 $ 184,250
      184,250
Mexico - 5.1%      
BBVA Bancomer SA      
6.500%, 03/10/2021   150,000 147,375
Corp. GEO SAB de CV      
8.875%, 03/27/2022 (S)   200,000 192,500
Desarrolladora Homex SAB de CV      
9.750%, 03/25/2020   250,000 248,750
Servicios Corporativos Javer SAPI de CV      
9.875%, 04/06/2021   200,000 178,000
 
      766,625
Mongolia - 1.3%      
Mongolian Mining Corp.      
8.875%, 03/29/2017 (S)   200,000 194,000
 
      194,000
Netherlands - 8.1%      
Ajecorp BV      
6.500%, 05/14/2022 (S)   250,000 250,260
DTEK Finance BV      
9.500%, 04/28/2015 (S)   150,000 141,000
Hyva Global BV      
8.625%, 03/24/2016 (S)   200,000 170,500
Listrindo Capital BV      
6.950%, 02/21/2019 (S)   250,000 253,015
Metinvest BV      
8.750%, 02/14/2018 (S)   200,000 176,500
WPE International Cooperatief UA      
10.375%, 09/30/2020 (S)   250,000 209,775
 
      1,201,050
Peru - 4.6%      
Corp. Lindley SA      
6.750%, 11/23/2021   250,000 265,000
Corp. Pesquera Inca SAC      
9.000%, 02/10/2017 (S)   200,000 212,000
Inkia Energy, Ltd.      
8.375%, 04/04/2021 (S)   200,000 208,000
 
      685,000
Russia - 2.7%      
Sberbank of Russia      
6.125%, 02/07/2022   400,000 409,000
 
      409,000
South Africa - 1.4%      
Eskom Holdings, Ltd.      
5.750%, 01/26/2021 (S)   200,000 209,000
 
      209,000
Sri Lanka - 1.6%      
Bank of Ceylon      
6.875%, 05/03/2017 (S)   250,000 237,766
 
      237,766
United Arab Emirates - 1.4%      
Dubai Electricity & Water Authority      
7.375%, 10/21/2020 (S)   200,000 210,400
 
      210,400
United Kingdom - 4.1%      
Afren PLC      
11.500%, 02/01/2016   200,000 208,500

 

Emerging Markets Debt Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
United Kingdom (continued)      
Ferrexpo Finance PLC      
7.875%, 04/07/2016 $ 250,000 $ 222,500
Vedanta Resources PLC      
8.250%, 06/07/2021   200,000 173,000
 
      604,000
Virgin Islands - 3.1%      
CNOOC Finance 2012, Ltd.      
5.000%, 05/02/2042 (S)   250,000 264,173
Sinopec Group Overseas Development      
2012, Ltd.      
4.875%, 05/17/2042 (S)   200,000 202,461
 
      466,634
TOTAL CORPORATE BONDS (Cost $11,443,050) $ 11,255,566
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 2.7%      
United States - 2.7%      
U.S. Treasury Notes,      
0.875%, 04/30/2017   400,000 404,406
 
      404,406
TOTAL U.S. GOVERNMENT & AGENCY    
OBLIGATIONS (Cost $402,574)   $ 404,406
Total Investments (Emerging Markets Debt Fund)    
(Cost $13,495,290) - 89.5%   $ 13,366,400
Other assets and liabilities, net - 10.5%     1,573,184
TOTAL NET ASSETS - 100.0%   $ 14,939,584
 
 
 
Equity-Income Fund      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 95.0%      
Consumer Discretionary - 11.8%      
Automobiles - 0.5%      
General Motors Company (I)(L)   138,300 $ 3,070,260
Harley-Davidson, Inc.   100,500 4,842,088
 
      7,912,348
Distributors - 0.6%      
Genuine Parts Company   129,750 8,174,250
Hotels, Restaurants & Leisure - 1.0%      
Carnival Corp. (L)   232,200 7,451,296
Marriott International, Inc., Class A   181,740 7,035,153
 
      14,486,449
Household Durables - 1.0%      
Whirlpool Corp.   225,000 13,923,000
Leisure Equipment & Products - 1.3%      
Hasbro, Inc. (L)   155,900 5,521,978
Mattel, Inc.   444,900 13,849,737
 
      19,371,715
Media - 5.3%      
Cablevision Systems Corp., Class A   392,400 4,489,056
Comcast Corp., Class A   358,800 10,372,902
The Madison Square Garden, Inc., Class A (I) 127,525 4,780,910
The McGraw-Hill Companies, Inc.   283,400 12,293,892
The New York Times Company, Class A (I)(L) 400,900 2,665,983

 

40

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Equity-Income Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Media (continued)    
The Walt Disney Company (L) 421,800 $ 19,280,476
Time Warner, Inc. 567,366 19,557,106
WPP PLC 333,547 3,984,617
 
    77,424,942
Multiline Retail - 1.4%    
Kohl’s Corp. 232,200 10,639,404
Macy’s, Inc. 247,000 9,398,350
 
    20,037,754
Specialty Retail - 0.7%    
Staples, Inc. (L) 680,000 8,935,200
Tiffany & Company 15,000 830,850
 
    9,766,050
    171,096,508
Consumer Staples - 7.2%    
Beverages - 1.3%    
Beam, Inc. 15,100 914,456
Molson Coors Brewing Company, Class B 120,600 4,637,068
PepsiCo, Inc. 198,700 13,481,795
 
    19,033,319
Food Products - 2.9%    
Archer-Daniels-Midland Company 383,700 12,232,356
Campbell Soup Company (L) 393,600 12,477,120
ConAgra Foods, Inc. 359,900 9,051,485
Kellogg Company 23,100 1,126,818
McCormick & Company, Inc., Non-    
Voting Shares 113,300 6,385,588
The Hershey Company 15,500 1,036,330
 
    42,309,697
Household Products - 2.3%    
Clorox Company 214,900 14,785,120
Kimberly-Clark Corp. 235,200 18,663,120
 
    33,448,240
Personal Products - 0.7%    
Avon Products, Inc. 569,400 9,423,570
 
    104,214,826
Energy - 12.5%    
Energy Equipment & Services - 1.6%    
Diamond Offshore Drilling, Inc. (L) 182,400 10,612,032
Schlumberger, Ltd. (L) 204,000 12,903,000
 
    23,515,032
Oil, Gas & Consumable Fuels - 10.9%    
Anadarko Petroleum Corp. 211,000 12,871,000
BP PLC, ADR (L) 216,692 7,900,590
Chevron Corp. 389,160 38,258,320
ConocoPhillips (L) 110,500 5,763,680
CONSOL Energy, Inc. (L) 348,300 9,780,264
Exxon Mobil Corp. 402,324 31,634,736
Hess Corp. 67,100 2,932,270
Murphy Oil Corp. 306,000 14,265,720
Petroleo Brasileiro SA, ADR 148,600 2,906,616
Royal Dutch Shell PLC, ADR 386,000 24,001,480
Spectra Energy Corp. 211,800 6,080,778
Valero Energy Corp. 46,100 972,710
 
    157,368,164
    180,883,196

 

Equity-Income Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Financials - 19.5%    
Capital Markets - 2.3%    
Legg Mason, Inc. 376,600 $ 9,584,470
Morgan Stanley 224,400 2,997,984
Northern Trust Corp. 298,500 12,889,230
The Bank of New York Mellon Corp. 388,200 7,903,752
 
    33,375,436
Commercial Banks - 5.7%    
PNC Financial Services Group, Inc. 218,600 13,426,412
Regions Financial Corp. 730,400 4,594,216
SunTrust Banks, Inc. 482,000 11,047,440
U.S. Bancorp 812,200 25,267,542
Wells Fargo & Company 883,600 28,319,380
 
    82,654,990
Consumer Finance - 3.3%    
American Express Company 512,900 28,635,207
Capital One Financial Corp. 187,600 9,637,012
SLM Corp. 698,500 9,758,045
 
    48,030,264
Diversified Financial Services - 3.5%    
Bank of America Corp. 1,685,322 12,387,117
JPMorgan Chase & Company 954,014 31,625,564
NYSE Euronext 238,700 5,802,797
 
    49,815,478
Insurance - 4.2%    
Chubb Corp. 97,300 7,012,411
Lincoln National Corp. 314,098 6,492,406
Loews Corp. 116,000 4,511,240
Marsh & McLennan Companies, Inc. 505,700 16,172,286
Sun Life Financial, Inc. (L) 248,000 5,108,800
The Allstate Corp. 518,700 17,604,678
XL Group PLC 170,400 3,479,568
 
    60,381,389
Real Estate Investment Trusts - 0.5%    
Weyerhaeuser Company 382,113 7,607,870
 
    281,865,427
Health Care - 7.0%    
Biotechnology - 0.8%    
Amgen, Inc. 165,200 11,484,703
Health Care Providers & Services - 0.6%    
Quest Diagnostics, Inc. 145,900 8,301,710
Life Sciences Tools & Services - 1.0%    
Thermo Fisher Scientific, Inc. 281,900 14,230,312
Pharmaceuticals - 4.6%    
Bristol-Myers Squibb Company 389,100 12,972,594
Johnson & Johnson (L) 307,400 19,190,982
Merck & Company, Inc. 439,600 16,520,168
Pfizer, Inc. 815,088 17,825,975
 
    66,509,719
 
    100,526,444
Industrials - 13.7%    
Aerospace & Defense - 2.5%    
Honeywell International, Inc. 293,000 16,308,380
Lockheed Martin Corp. (L) 84,100 6,963,480
The Boeing Company 177,600 12,362,736
 
    35,634,596
Air Freight & Logistics - 1.0%    
United Parcel Service, Inc., Class B 201,200 15,077,928

 

41

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Equity-Income Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Airlines - 0.6%    
United Continental Holdings, Inc. (I)(L) 331,700 $ 8,348,889
Building Products - 0.7%    
Fortune Brands Home & Security, Inc. (I) 20,400 461,448
Masco Corp. (L) 479,200 6,071,464
USG Corp. (I)(L) 193,600 2,985,312
 
    9,518,224
Commercial Services & Supplies - 0.4%    
ACCO Brands Corp. (I) 46,185 421,207
Avery Dennison Corp. 168,200 4,896,302
 
    5,317,509
Electrical Equipment - 2.0%    
Cooper Industries PLC 235,000 16,567,500
Emerson Electric Company 271,100 12,679,347
 
    29,246,847
Industrial Conglomerates - 4.2%    
3M Company 243,200 20,528,513
General Electric Company 2,075,600 39,623,204
 
    60,151,717
Machinery - 2.3%    
Illinois Tool Works, Inc. (L) 330,900 18,580,035
Ingersoll-Rand PLC 212,300 8,770,112
ITT Corp. (L) 103,350 2,121,775
Xylem, Inc. 174,200 4,412,485
 
    33,884,407
    197,180,117
Information Technology - 6.9%    
Communications Equipment - 1.9%    
Cisco Systems, Inc. 654,300 10,684,720
Harris Corp. 350,900 13,958,803
Nokia OYJ, ADR (L) 833,700 2,225,980
 
    26,869,503
Computers & Peripherals - 0.7%    
Hewlett-Packard Company 482,700 10,947,636
Electronic Equipment, Instruments & Components - 0.5%  
Corning, Inc. 530,700 6,893,794
IT Services - 0.7%    
Computer Sciences Corp. 393,300 10,477,512
Semiconductors & Semiconductor Equipment - 1.6%  
Analog Devices, Inc. 274,300 9,976,291
Applied Materials, Inc. 752,600 7,774,359
First Solar, Inc. (I)(L) 99,500 1,249,721
Texas Instruments, Inc. 171,000 4,870,081
 
    23,870,452
Software - 1.5%    
Microsoft Corp. 722,900 21,101,451
 
    100,160,348
Materials - 5.2%    
Chemicals - 2.0%    
E.I. du Pont de Nemours & Company 158,100 7,629,904
International Flavors & Fragrances, Inc. (L) 111,300 6,275,092
Monsanto Company 197,100 15,216,118
 
    29,121,114
Construction Materials - 0.6%    
Vulcan Materials Company (L) 265,600 9,203,040
Metals & Mining - 0.9%    
Nucor Corp. 372,100 13,306,296

 

Equity-Income Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Paper & Forest Products - 1.7%    
International Paper Company 583,125 $ 17,027,248
MeadWestvaco Corp. 244,600 6,726,498
 
    23,753,746
 
    75,384,196
Telecommunication Services - 4.2%    
Diversified Telecommunication Services - 3.9%    
AT&T, Inc. 866,873 29,621,050
CenturyLink, Inc. 231,298 9,071,509
Telefonica SA 309,898 3,443,581
Verizon Communications, Inc. 332,152 13,830,810
 
    55,966,950
Wireless Telecommunication Services - 0.3%    
Vodafone Group PLC 1,940,136 5,196,934
 
    61,163,884
Utilities - 7.0%    
Electric Utilities - 5.7%    
Duke Energy Corp. 420,800 9,249,183
Entergy Corp. 249,100 16,074,424
Exelon Corp. 385,200 14,244,695
FirstEnergy Corp. 149,875 7,012,652
Pinnacle West Capital Corp. 162,100 8,004,499
PPL Corp. 163,900 4,485,942
Progress Energy, Inc. 210,800 11,556,055
Xcel Energy, Inc. 389,100 10,902,581
 
    81,530,031
Multi-Utilities - 1.3%    
NiSource, Inc. 664,200 16,664,778
TECO Energy, Inc. 142,900 2,486,458
 
    19,151,236
 
    100,681,267
TOTAL COMMON STOCKS (Cost $1,267,333,342) $ 1,373,156,213
 
PREFERRED SECURITIES - 0.6%    
Consumer Discretionary - 0.6%    
General Motors Company, Series B, 4.750% (L) 233,700 8,581,464
TOTAL PREFERRED SECURITIES (Cost $11,591,990) $ 8,581,464
 
RIGHTS - 0.0%    
Telecommunication Services - 0.0%    
Telefonica SA (Strike Price: EUR 0.235    
Expiration Date: 06/12/2012) (I) 309,890 90,047
TOTAL RIGHTS (Cost $112,200) $ 90,047
 
SECURITIES LENDING COLLATERAL - 9.7%    
John Hancock Collateral    
Investment Trust, 0.3309% (W)(Y) 14,093,409 141,035,589
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $141,042,614) $ 141,035,589
 
SHORT-TERM INVESTMENTS - 4.2%    
Money Market Funds - 4.2%    
State Street Institutional U.S. Government    
Money Market Fund, 0.0317% (Y) 2,145,004 2,145,004

 

42

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Equity-Income Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
SHORT-TERM INVESTMENTS (continued)    
Money Market Funds (continued)    
T. Rowe Price Reserve Investment    
Fund, 0.1100% (Y) 58,639,793 $ 58,639,793
    60,784,797
TOTAL SHORT-TERM INVESTMENTS (Cost $60,784,797) $ 60,784,797
Total Investments (Equity-Income Fund)    
(Cost $1,480,864,943) - 109.5% $ 1,583,648,110
Other assets and liabilities, net - (9.5%)   (137,722,679)
TOTAL NET ASSETS - 100.0% $ 1,445,925,431
 
 
 
Fundamental Value Fund    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 94.3%    
Consumer Discretionary - 9.1%    
Automobiles - 0.6%    
Harley-Davidson, Inc. 169,046 $ 8,144,629
Distributors - 0.3%    
Li & Fung, Ltd. 1,919,000 3,507,487
Household Durables - 0.2%    
Hunter Douglas NV 59,727 2,448,659
Internet & Catalog Retail - 1.6%    
Expedia, Inc. (L) 136,940 6,284,177
Groupon, Inc. (I)(L) 170,500 1,814,120
Liberty Interactive Corp., Series A (I) 386,434 6,476,634
Netflix, Inc. (I)(L) 95,940 6,086,434
 
    20,661,365
Media - 2.3%    
Grupo Televisa SAB, ADR 114,469 2,173,766
The Walt Disney Company 585,020 26,741,264
 
    28,915,030
Specialty Retail - 4.0%    
Bed Bath & Beyond, Inc. (I) 599,718 43,329,626
CarMax, Inc. (I)(L) 226,545 6,390,834
Tiffany & Company 39,150 2,168,519
 
    51,888,979
Textiles, Apparel & Luxury Goods - 0.1%    
Cie Financiere Richemont SA 31,500 1,803,002
 
    117,369,151
Consumer Staples - 16.8%    
Beverages - 3.8%    
Diageo PLC, ADR (L) 232,641 22,179,993
Heineken Holding NV 238,715 9,674,207
The Coca-Cola Company 227,235 16,981,272
 
    48,835,472
Food & Staples Retailing - 11.4%    
Costco Wholesale Corp. 671,540 58,014,341
CVS Caremark Corp. 1,821,356 81,851,739
Sysco Corp. 110,720 3,090,195
Walgreen Company 108,620 3,315,082
 
    146,271,357
Food Products - 0.6%    
Kraft Foods, Inc., Class A 94,210 3,605,417
Nestle SA 18,285 1,038,596

 

Fundamental Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food Products (continued)    
Unilever NV - NY Shares 98,466 $ 3,087,894
 
    7,731,907
Personal Products - 0.1%    
Natura Cosmeticos SA 99,200 2,129,737
Tobacco - 0.9%    
Philip Morris International, Inc. 136,956 11,574,152
 
    216,542,625
Energy - 9.8%    
Energy Equipment & Services - 1.1%    
Schlumberger, Ltd. 104,180 6,589,385
Transocean, Ltd. 173,491 7,083,638
 
    13,673,023
Oil, Gas & Consumable Fuels - 8.7%    
Canadian Natural Resources, Ltd. 1,101,170 31,471,439
China Coal Energy Company, Ltd., H Shares 5,149,189 4,761,783
Devon Energy Corp. (L) 218,961 13,032,559
EOG Resources, Inc. 330,045 32,773,469
Occidental Petroleum Corp. 330,477 26,196,912
OGX Petroleo e Gas Participacoes SA (I) 752,400 3,842,487
 
    112,078,649
 
    125,751,672
Financials - 33.6%    
Capital Markets - 7.5%    
Ameriprise Financial, Inc. 98,576 4,723,762
Julius Baer Group, Ltd. (I) 734,372 23,218,962
The Bank of New York Mellon Corp. 2,841,073 57,844,246
The Charles Schwab Corp. 499,830 6,227,882
The Goldman Sachs Group, Inc. 50,791 4,860,699
 
    96,875,551
Commercial Banks - 6.0%    
Wells Fargo & Company 2,412,861 77,332,195
Consumer Finance - 5.9%    
American Express Company 1,362,434 76,064,690
Diversified Financial Services - 0.7%    
CME Group, Inc. 9,590 2,470,096
JPMorgan Chase & Company 198,826 6,591,082
 
    9,061,178
Insurance - 11.5%    
ACE, Ltd. 130,750 9,457,148
Alleghany Corp. (I) 57,610 18,953,690
AON PLC 44,550 2,071,575
Berkshire Hathaway, Inc. Class A (I)(L) 272 32,327,200
Everest Re Group, Ltd. 22,940 2,342,633
Fairfax Financial Holdings, Ltd. 18,419 7,143,993
Fairfax Financial Holdings, Ltd.    
(Toronto Exchange) 7,153 2,818,677
Loews Corp. 929,337 36,141,916
Markel Corp. (I) 4,879 2,139,393
The Progressive Corp. 1,587,285 34,491,703
 
    147,887,928
Real Estate Management & Development - 2.0%    
Brookfield Asset Management, Inc., Class A 396,230 12,651,624
Hang Lung Group, Ltd. 2,093,000 12,228,482
 
    24,880,106
 
    432,101,648

 

43

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Fundamental Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Health Care - 5.6%    
Health Care Equipment & Supplies - 0.3%    
Baxter International, Inc. 40,086 $ 2,029,153
Becton, Dickinson and Company (L) 34,826 2,546,825
 
    4,575,978
Health Care Providers & Services - 2.2%    
Express Scripts Holding Company (I) 548,772 28,640,411
Life Sciences Tools & Services - 0.4%    
Agilent Technologies, Inc. 118,050 4,799,913
Pharmaceuticals - 2.7%    
Johnson & Johnson 153,780 9,600,485
Merck & Company, Inc. 341,304 12,826,204
Pfizer, Inc. 140,854 3,080,477
Roche Holdings AG 56,800 8,906,683
 
    34,413,849
    72,430,151
Industrials - 5.3%    
Aerospace & Defense - 0.5%    
Lockheed Martin Corp. 78,990 6,540,372
Commercial Services & Supplies - 1.5%    
Iron Mountain, Inc. (L) 661,976 18,767,020
Electrical Equipment - 0.4%    
Emerson Electric Company 97,780 4,573,171
Machinery - 0.5%    
PACCAR, Inc. (L) 179,300 6,736,301
Marine - 1.1%    
China Shipping Development Company, Ltd.,    
H Shares 3,670,700 1,995,337
Kuehne & Nagel International AG 119,269 12,724,367
 
    14,719,704
Transportation Infrastructure - 1.3%    
China Merchants Holdings    
International Company, Ltd. 5,279,008 15,981,846
LLX Logistica SA (I) 62,300 72,900
 
    16,054,746
    67,391,314
Information Technology - 8.1%    
Computers & Peripherals - 0.4%    
Hewlett-Packard Company 246,560 5,591,981
Internet Software & Services - 3.2%    
Google, Inc., Class A (I) 71,475 41,516,969
IT Services - 0.6%    
Visa, Inc., Class A 64,600 7,441,920
Semiconductors & Semiconductor Equipment - 1.7%  
Intel Corp. 155,840 4,026,906
Texas Instruments, Inc. 607,365 17,297,755
 
    21,324,661
Software - 2.2%    
Activision Blizzard, Inc. (L) 647,567 7,602,437
Microsoft Corp. 413,900 12,081,741
Oracle Corp. 343,300 9,087,151
 
    28,771,329
    104,646,860
Materials - 5.8%    
Chemicals - 4.2%    
Air Products & Chemicals, Inc. 188,790 14,921,962

 

Fundamental Value Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Chemicals (continued)      
Ecolab, Inc.   114,930 $ 7,264,725
Monsanto Company   241,244 18,624,037
Potash Corp. of Saskatchewan, Inc.   211,559 8,362,927
Praxair, Inc.   50,600 5,375,744
 
      54,549,395
Construction Materials - 0.2%      
Martin Marietta Materials, Inc. (L)   38,006 2,564,265
Containers & Packaging - 0.3%      
Sealed Air Corp.   236,759 3,705,278
Metals & Mining - 1.1%      
BHP Billiton PLC   273,885 7,180,505
Rio Tinto PLC (I)   148,946 6,423,145
 
      13,603,650
Paper & Forest Products - 0.0%      
Sino-Forest Corp. (I)(S)   24,905 0
Sino-Forest Corp. (I)(L)   1,038,576 1
 
      1
 
      74,422,589
Telecommunication Services - 0.2%      
Wireless Telecommunication Services - 0.2%    
America Movil SAB de CV,      
Series L, ADR (L)   96,976 2,284,755
TOTAL COMMON STOCKS (Cost $970,245,835) $ 1,212,940,765
CONVERTIBLE BONDS - 0.0%      
Materials - 0.0%      
Sino-Forest Corp. 5.000%, 08/01/2013 (H)(S) $ 2,107,900 $ 574,403
TOTAL CONVERTIBLE BONDS (Cost $2,101,621) $ 574,403
SECURITIES LENDING COLLATERAL - 4.7%    
John Hancock Collateral      
Investment Trust, 0.3309% (W)(Y)   6,036,160 60,405,057
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $60,395,026)   $ 60,405,057
SHORT-TERM INVESTMENTS - 6.2%      
Commercial Paper - 6.2%      
Bank of Tokyo-Mitsubishi UFJ Ltd. 0.160%,    
06/06/2012 * $ 38,955,000 $ 38,954,134
Societe Generale North America 0.200%,      
06/01/2012 *   40,521,000 40,521,000
 
      79,475,134
TOTAL SHORT-TERM INVESTMENTS (Cost $79,475,134) $ 79,475,134
Total Investments (Fundamental Value Fund)    
(Cost $1,112,217,616) - 105.2%   $ 1,353,395,359
Other assets and liabilities, net - (5.2%)     (66,823,785)
 
TOTAL NET ASSETS - 100.0%   $ 1,286,571,574
 

 

44

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Global Bond Fund      
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 30.0%      
Canada - 0.6%      
Province of British Columbia      
4.300%, 06/18/2042 CAD 500,000 $ 579,126
Province of Ontario      
3.150%, 06/02/2022   2,200,000 2,192,098
4.100%, 06/16/2014 $ 200,000 213,617
Province of Quebec      
4.250%, 12/01/2021 CAD 1,900,000 2,055,223
 
      5,040,064
France - 3.3%      
Government of France      
3.000%, 04/25/2022 EUR 2,700,000 3,524,509
3.500%, 04/25/2020 to 04/25/2026   7,600,000 10,370,349
4.000%, 10/25/2038   1,300,000 1,871,073
4.250%, 04/25/2019   700,000 1,003,681
4.500%, 04/25/2041   4,000,000 6,259,907
4.750%, 04/25/2035   400,000 631,129
5.750%, 10/25/2032   300,000 522,038
Societe Financement de l’Economie      
Francaise      
2.250%, 06/11/2012 (S) $ 5,500,000 5,501,425
 
      29,684,111
Germany - 1.9%      
Federal Republic of Germany      
4.750%, 07/04/2028 EUR 1,300,000 2,273,749
5.625%, 01/04/2028   3,500,000 6,584,255
6.500%, 07/04/2027   4,000,000 8,099,078
 
      16,957,082
Italy - 7.2%      
Republic of Italy      
2.500%, 03/01/2015   2,700,000 3,150,170
3.000%, 04/15/2015 to 11/01/2015   2,400,000 2,786,936
3.125%, 01/26/2015 $ 800,000 769,565
3.750%, 08/01/2015 to 08/01/2021 EUR 4,600,000 5,381,511
4.250%, 08/01/2013 to 02/01/2019   10,600,000 12,909,860
4.500%, 02/01/2018 to 03/01/2019   4,600,000 5,369,290
4.750%, 01/25/2016 $ 900,000 892,910
4.750%, 05/01/2017 to 06/01/2017 EUR 11,700,000 14,040,927
5.000%, 03/01/2022 to 09/01/2040   3,600,000 3,867,818
5.250%, 09/20/2016 $ 700,000 698,766
5.250%, 08/01/2017 EUR 4,400,000 5,386,109
5.500%, 09/01/2022   4,500,000 5,384,527
5.750%, 02/01/2033   2,600,000 3,023,396
6.000%, 08/04/2028 GBP 600,000 829,399
6.875%, 09/27/2023 $ 300,000 305,340
 
      64,796,524
Japan - 1.5%      
Government of Japan      
2.000%, 03/20/2042 JPY 990,000,000 13,179,280
 
      13,179,280
Mexico - 2.4%      
Government of Mexico      
6.250%, 06/16/2016 MXN 98,900,000 7,194,534
6.500%, 06/10/2021   75,400,000 5,431,309
8.000%, 06/11/2020   25,000,000 1,987,279
10.000%, 12/05/2024   70,700,000 6,502,950
 
      21,116,072
Netherlands - 0.4%      
Kingdom of Netherlands      
2.250%, 07/15/2022 EUR 2,300,000 3,008,417

 

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Netherlands (continued)      
Kingdom of Netherlands (continued)      
4.500%, 07/15/2017 EUR 600,000 $ 873,439
 
      3,881,856
New Zealand - 3.2%      
Dominion of New Zealand      
5.000%, 03/15/2019 NZD 17,500,000 14,758,294
5.500%, 04/15/2023   5,800,000 5,168,696
6.000%, 05/15/2021   9,600,000 8,729,075
 
      28,656,065
Norway - 0.9%      
Kommunalbanken AS      
2.000%, 01/14/2013 $ 3,700,000 3,730,932
2.375%, 01/19/2016 (S)   3,000,000 3,123,714
6.500%, 04/12/2021 AUD 1,300,000 1,444,334
 
      8,298,980
Spain - 2.9%      
Fund for Orderly Bank Restructuring      
4.400%, 10/21/2013 EUR 1,000,000 1,225,112
Government of Spain      
4.000%, 04/30/2020   1,600,000 1,696,123
4.200%, 01/31/2037   100,000 86,696
4.250%, 10/31/2016   7,500,000 8,655,519
5.250%, 04/06/2029 GBP 600,000 733,229
Kingdom of Spain      
2.567%, 03/25/2014 (P) EUR 11,000,000 13,272,472
5.850%, 01/31/2022   300,000 352,860
 
      26,022,011
United Kingdom - 5.7%      
Government of United Kingdom      
0.375%, 03/22/2062 GBP 204,456 373,497
3.750%, 09/07/2020 to 09/07/2021   7,300,000 13,378,665
4.000%, 03/07/2022   300,000 563,732
4.250%, 12/07/2027 to 12/07/2040   11,500,000 22,231,534
4.750%, 12/07/2030 to 12/07/2038   6,300,000 12,964,026
5.000%, 03/07/2025   100,000 207,755
6.000%, 12/07/2028   600,000 1,402,514
 
      51,121,723
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $275,087,002)   $ 268,753,768
 
CORPORATE BONDS - 38.6%      
Australia - 2.8%      
Bank of Scotland PLC (Australia)      
4.870%, 07/24/2012 (P) AUD 2,900,000 2,829,530
Commonwealth Bank of Australia      
0.754%, 09/17/2014 (P) (S) $ 4,200,000 4,218,816
0.889%, 07/12/2013 (P) (S)   4,400,000 4,418,088
Macquarie Bank, Ltd.      
3.300%, 07/17/2014 (S)   5,200,000 5,472,048
National Australia Bank, Ltd.      
3.375%, 07/08/2014 (S)   3,400,000 3,580,356
Westpac Banking Corp.      
2.700%, 12/09/2014 (S)   1,200,000 1,249,681
2.900%, 09/10/2014 (S)   3,400,000 3,559,671
 
      25,328,190
Belgium - 0.8%      
European Union      
2.500%, 12/04/2015 EUR 3,400,000 4,439,111
2.750%, 06/03/2016   1,200,000 1,584,580
3.125%, 01/27/2015   1,100,000 1,446,226

 

45

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Belgium (continued)      
European Union (continued)      
3.250%, 04/04/2018 EUR 100,000 $ 136,188
      7,606,105
Canada - 0.4%      
Citigroup Finance Canada, Inc.      
5.500%, 05/21/2013 CAD 300,000 298,850
Xstrata Canada Corp      
7.350%, 06/05/2012 $ 3,000,000 3,000,000
 
      3,298,850
Cayman Islands - 0.2%      
UPCB Finance, Ltd.      
7.625%, 01/15/2020 EUR 1,400,000 1,778,706
 
      1,778,706
France - 5.5%      
BNP Paribas Home Loan      
Covered Bonds SA      
2.200%, 11/02/2015 (S) $ 5,800,000 5,783,284
3.000%, 07/23/2013 EUR 600,000 759,170
4.750%, 05/28/2013   1,700,000 2,179,808
Cie de Financement Foncier      
1.216%, 04/17/2014 (P) (S) $ 1,700,000 1,651,361
1.625%, 07/23/2012 (S)   5,300,000 5,303,154
2.125%, 04/22/2013 (S)   4,000,000 4,021,860
2.500%, 09/16/2015 (S)   3,900,000 3,914,508
Credit Agricole Home Loan      
1.216%, 07/21/2014 (P) (S)   4,600,000 4,519,578
Dexia Credit Local      
2.750%, 04/29/2014 (S)   1,100,000 1,066,859
Dexia Credit Local SA      
2.625%, 01/21/2014 EUR 2,500,000 3,112,581
2.750%, 01/10/2014 (S) $ 12,500,000 12,359,950
Dexia Municipal Agency SA      
3.125%, 09/15/2015 EUR 1,100,000 1,376,399
Lafarge SA      
6.500%, 07/15/2016 $ 2,000,000 2,125,000
Societe Generale Societe de Credit      
Fonciere      
4.000%, 07/07/2016 EUR 700,000 941,459
 
      49,114,971
Germany - 7.3%      
FMS Wertmanagement      
0.741%, 01/20/2014 (P)   5,700,000 7,043,493
0.810%, 02/18/2015 (P)   1,300,000 1,608,491
1.266%, 06/16/2014 (P) GBP 800,000 1,232,154
2.375%, 12/15/2014 EUR 13,300,000 17,095,875
3.375%, 06/17/2021   2,600,000 3,623,920
IKB Deutsche Industriebank AG      
2.125%, 09/10/2012   3,300,000 4,097,149
Kreditanstalt fuer Wiederaufbau      
0.625%, 05/29/2015   3,800,000 4,706,201
2.000%, 09/07/2016   4,000,000 5,196,873
5.500%, 06/05/2014 AUD 4,200,000 4,266,323
6.250%, 05/19/2021   9,600,000 10,562,404
Landwirtschaftliche Rentenbank      
5.500%, 03/09/2020   4,000,000 4,129,559
Unitymedia Hessen GmbH & Company      
KG      
8.125%, 12/01/2017 EUR 1,200,000 1,557,991
 
      65,120,433

 

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Ireland - 0.7%      
German Postal Pensions      
Securitisation PLC      
3.375%, 01/18/2016 EUR 5,100,000 $ 6,736,945
 
      6,736,945
Italy - 0.3%      
Intesa Sanpaolo SpA      
2.867%, 02/24/2014 (P) (S) $ 1,600,000 1,497,733
6.500%, 02/24/2021 (S)   1,200,000 1,039,436
 
      2,537,169
Luxembourg - 0.6%      
Europaeische Hypothekenbank SA      
4.005%, 06/13/2014   1,500,000 1,528,104
European Investment Bank      
6.125%, 01/23/2017 AUD 800,000 823,600
6.250%, 04/15/2015   2,900,000 2,972,769
Sunrise Communications International SA      
7.000%, 12/31/2017 EUR 200,000 259,665
 
      5,584,138
Netherlands - 4.3%      
ABN AMRO Bank NV      
3.250%, 01/18/2013   2,500,000 3,142,041
Achmea Hypotheekbank NV      
0.816%, 11/03/2014 (P) (S) $ 2,300,000 2,277,483
3.200%, 11/03/2014   2,736,000 2,860,452
3.200%, 11/03/2014 (S)   426,000 445,377
Cooperatieve Centrale Raiffeisen-      
Boerenleenbank BA (11.000% to      
06/30/2019, then 3 month      
LIBOR + 10.868%)      
06/30/2019 (Q) (S)   2,475,000 3,087,563
Fortis Bank Nederland Holding NV      
3.375%, 05/19/2014 EUR 2,400,000 3,118,162
Gazprom OAO      
10.500%, 03/08/2014 $ 2,300,000 2,581,750
ING Bank NV      
2.500%, 01/14/2016 (S)   2,300,000 2,334,875
3.375%, 03/03/2014 EUR 1,800,000 2,328,920
3.900%, 03/19/2014 (S) $ 1,100,000 1,155,481
LeasePlan Corp. NV      
3.250%, 05/22/2014 EUR 1,100,000 1,426,546
NIBC Bank NV      
2.800%, 12/02/2014 (S) $ 4,500,000 4,659,795
3.500%, 04/07/2014 EUR 4,000,000 5,196,764
Scotland International Finance No 2 BV      
4.250%, 05/23/2013 (S) $ 4,200,000 4,212,323
 
      38,827,532
South Korea - 0.1%      
Export-Import Bank of Korea      
5.750%, 05/22/2013 EUR 1,100,000 1,400,275
 
      1,400,275
Sweden - 1.0%      
Stadshypotek AB      
1.020%, 09/30/2013 (P) (S) $ 4,300,000 4,296,659
1.450%, 09/30/2013 (S)   4,300,000 4,336,348
 
      8,633,007
Switzerland - 0.4%      
Eurofima      
6.250%, 12/28/2018 AUD 3,300,000 3,401,987
 
      3,401,987

 

46

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Tunisia - 0.4%      
African Development Bank      
5.250%, 03/23/2022 AUD 3,200,000 $ 3,383,686
      3,383,686
United Kingdom - 5.3%      
Abbey National Treasury Services PLC      
3.125%, 06/30/2014 EUR 6,400,000 8,177,348
4.000%, 04/27/2016 $ 3,300,000 3,214,870
Bank of Scotland PLC      
4.500%, 10/23/2013 EUR 100,000 129,146
Barclays Bank PLC      
3.625%, 04/13/2016   3,300,000 4,396,250
10.179%, 06/12/2021 (S) $ 800,000 936,739
BP Capital Markets PLC      
3.125%, 10/01/2015   2,400,000 2,526,859
LBG Capital No.1 PLC      
7.375%, 03/12/2020 EUR 200,000 192,355
11.040%, 03/19/2020 GBP 2,800,000 4,080,173
LBG Capital No.2 PLC      
7.625%, 12/09/2019   2,700,000 3,162,543
Lloyds TSB Bank PLC (12.000% to      
12/16/2024, then 3 month      
LIBOR + 11.750%)      
12/16/2024 (Q) (S) $ 2,600,000 2,643,550
Nationwide Building Society      
2.875%, 09/14/2015 EUR 800,000 1,035,080
4.625%, 09/13/2012   4,600,000 5,746,101
5.500%, 07/18/2012 (S) $ 4,300,000 4,320,017
5.500%, 07/18/2012   2,200,000 2,212,762
Pearson Dollar Finance Two PLC      
6.250%, 05/06/2018 (S)   1,000,000 1,195,194
Tate & Lyle International Finance PLC      
5.000%, 11/15/2014 (S)   300,000 318,662
Westpac Securities NZ, Ltd.      
3.450%, 07/28/2014 (S)   3,000,000 3,166,104
 
      47,453,753
United States - 8.5%      
Ally Financial, Inc.      
6.875%, 08/28/2012   1,900,000 1,916,625
Altria Group, Inc.      
9.250%, 08/06/2019   1,600,000 2,199,565
American International Group, Inc.      
6.797%, 11/15/2017 (S) EUR 142,000 195,013
American International Group, Inc.      
(8.175% to 05/15/2038, then 3 month      
LIBOR + 4.195%)      
05/15/2058 $ 2,600,000 2,700,750
American International Group, Inc.,      
Series REGS (8.000% to 05/22/2018,      
then 3 month EURIBOR + 4.450%)      
05/22/2038 EUR 1,150,000 1,357,987
AutoZone, Inc.      
5.875%, 10/15/2012 $ 500,000 509,188
Bank of America Corp.      
5.650%, 05/01/2018   1,000,000 1,042,064
CBS Corp.      
8.875%, 05/15/2019   1,800,000 2,404,967
CIT Group, Inc.      
5.250%, 04/01/2014 (S)   3,000,000 3,052,500
Citigroup, Inc.      
0.745%, 06/09/2016 (P)   2,300,000 1,944,342
0.805%, 03/05/2014 (P) EUR 3,500,000 4,203,009
6.000%, 08/15/2017 $ 1,000,000 1,084,509

 

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
United States (continued)      
D.R. Horton, Inc.      
5.250%, 02/15/2015 $ 1,800,000 $ 1,881,000
Dexia Credit Local/New York      
2.000%, 03/05/2013 (S)   4,600,000 4,559,962
HCA, Inc.      
7.875%, 02/15/2020   2,000,000 2,195,000
International Finance Corp.      
5.000%, 08/03/2016 AUD 700,000 721,964
5.750%, 06/24/2014   1,300,000 1,333,850
International Lease Finance Corp.      
6.375%, 03/25/2013 $ 800,000 816,000
6.750%, 09/01/2016 (S)   4,100,000 4,397,250
7.125%, 09/01/2018 (S)   500,000 550,000
Intuit, Inc.      
5.750%, 03/15/2017   2,000,000 2,312,196
Jones Apparel Group, Inc.      
5.125%, 11/15/2014   600,000 607,500
Lehman Brothers Holdings, Inc.      
5.625%, 01/24/2013 (H)   3,600,000 832,500
6.875%, 05/02/2018 (H)   4,200,000 987,000
Loews Corp.      
5.250%, 03/15/2016   200,000 225,382
Masco Corp.      
6.125%, 10/03/2016   700,000 748,143
Merrill Lynch & Company, Inc.      
0.973%, 05/30/2014 (P) EUR 600,000 695,522
0.980%, 01/31/2014 to 08/25/2014 (P)   5,700,000 6,634,243
6.750%, 05/21/2013   300,000 383,189
6.875%, 04/25/2018 $ 3,100,000 3,407,712
Morgan Stanley      
0.916%, 10/18/2016 (P)   100,000 83,801
1.001%, 03/01/2013 (P) EUR 1,100,000 1,335,631
1.177%, 01/16/2017 (P)   100,000 100,779
2.066%, 01/24/2014 (P) $ 3,700,000 3,561,098
Sealed Air Corp.      
5.625%, 07/15/2013 (S)   700,000 724,500
Springleaf Finance Corp.      
6.900%, 12/15/2017   2,000,000 1,570,000
The Bear Stearns Companies LLC      
7.250%, 02/01/2018   200,000 235,897
The Goldman Sachs Group, Inc.      
0.924%, 03/22/2016 (P)   2,000,000 1,789,918
The Ryland Group, Inc.      
6.625%, 05/01/2020   2,000,000 2,010,000
Transocean, Inc.      
4.950%, 11/15/2015   2,700,000 2,915,309
Wal-Mart Stores, Inc.      
6.200%, 04/15/2038   400,000 533,362
WM Covered Bond Program      
4.375%, 05/19/2014 EUR 4,000,000 5,193,915
 
      75,953,142
TOTAL CORPORATE BONDS (Cost $350,476,255) $ 346,158,889
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 33.9%      
U.S. Government - 2.4%      
Treasury Inflation Protected Securities      
1.750%, 01/15/2028 $ 10,183,221 12,950,196
2.500%, 01/15/2029   5,983,208 8,431,650
 
      21,381,846
U.S. Government Agency - 31.5%      
Federal Home Loan Mortgage Corp.      
4.000%, 12/01/2040 to 09/01/2041   841,731 893,656

 

47

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal National Mortgage Association      
1.358%, 11/01/2042 to 10/01/2044 (P) $ 2,190,015 $ 2,191,106
2.053%, 11/01/2035 (P)   225,522 230,171
3.500%, TBA   16,000,000 16,763,267
3.500%, 03/01/2041   6,649,640 6,988,415
3.730%, 01/01/2018   5,000,000 5,372,801
4.000%, TBA   110,000,000 116,956,813
4.000%, 08/01/2040 to 09/01/2041   9,768,304 10,401,776
4.500%, TBA   114,000,000 122,298,941
5.114%, 09/01/2035 (P)   199,745 216,485
5.170%, 07/01/2035 (P)   130,458 139,089
 
      282,452,520
TOTAL U.S. GOVERNMENT & AGENCY    
OBLIGATIONS (Cost $301,862,966)   $ 303,834,366
 
MUNICIPAL BONDS - 3.0%      
American Municipal Power, Inc. (Ohio)      
7.734%, 02/15/2033   1,400,000 1,896,650
8.084%, 02/15/2050   3,600,000 5,251,572
Bay Area Toll Authority (California)      
6.907%, 10/01/2050   1,700,000 2,373,608
Buckeye Tobacco Settlement Financing      
Authority (Ohio) 5.875%, 06/01/2047 1,700,000 1,293,190
City of New York 5.237%, 12/01/2021   2,300,000 2,831,576
Golden State Tobacco Securitization Corp.    
(California) 5.125%, 06/01/2047   300,000 215,874
Los Angeles Community College District    
(California) 6.750%, 08/01/2049   1,900,000 2,565,950
Los Angeles County Public Works      
Financing Authority (California)      
7.618%, 08/01/2040   2,100,000 2,758,833
7.488%, 08/01/2033   100,000 133,129
Municipal Electric Authority of Georgia    
6.655%, 04/01/2057   500,000 582,760
New York City Municipal Water Finance    
Authority, Series 1289      
7.569%, 12/15/2013 (S)   130,000 160,520
Northside Independent School      
District (Texas)      
5.741%, 08/15/2035   700,000 809,718
5.891%, 08/15/2040   1,500,000 1,735,890
State of California      
7.950%, 03/01/2036   100,000 119,489
7.700%, 11/01/2030   800,000 952,320
7.600%, 11/01/2040   2,100,000 2,755,977
Triborough Bridge & Tunnel Authority      
(New York) 5.550%, 11/15/2040   400,000 501,592
TOTAL MUNICIPAL BONDS (Cost $21,529,049) $ 26,938,648
 
TERM LOANS (M) - 0.6%      
United States - 0.3%      
Springleaf Finance Funding Company      
5.500%, 05/10/2017   3,200,000 2,937,334
 
      2,937,334
Germany - 0.3%      
Kabel Deutschland Holding AG      
4.386%, 12/13/2016 EUR 1,900,000 2,348,550
 
      2,348,550
TOTAL TERM LOANS (Cost $5,694,547) $ 5,285,884

 

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 14.3%      
Commercial & Residential - 13.7%      
Adjustable Rate Mortgage Trust,      
Series 2005-5, Class 2A1      
3.118%, 09/25/2035 (P) $ 102,264 $ 82,252
American Home      
Mortgage Investment Trust      
Series 2007-1, Class GA2,      
0.479%, 05/25/2047 (P)   248,626 18,506
Series 2004-3, Class 5A,      
2.547%, 10/25/2034 (P)   281,665 254,246
Atomium Mortgage Finance BV,      
Series 2003-I, Class A      
0.597%, 07/01/2034 (P) EUR 200,160 238,312
Banc of America Funding Corp.      
Series 2006-A, Class 1A1,      
2.647%, 02/20/2036 (P) $ 1,037,775 943,111
Series 2006-J, Class 4A1,      
5.717%, 01/20/2047 (P)   144,428 87,034
BCAP LLC Trust, Series 2006-AA2,      
Class A1      
0.409%, 01/25/2037 (P)   1,674,309 865,655
Bear Stearns Adjustable      
Rate Mortgage Trust      
Series 2005-5, Class A2,      
2.250%, 08/25/2035 (P)   830,601 763,880
Series 2005-9, Class A1,      
2.400%, 10/25/2035 (P)   1,910,554 1,653,382
Series 2005-2, Class A1,      
2.570%, 03/25/2035 (P)   1,313,310 1,271,310
Series 2003-5, Class 1A2,      
2.637%, 08/25/2033 (P)   53,060 51,707
Series 2003-7, Class 6A,      
2.695%, 10/25/2033 (P)   108,183 108,347
Series 2003-9, Class 2A1,      
2.948%, 02/25/2034 (P)   21,238 19,546
Series 2005-2, Class A2,      
3.078%, 03/25/2035 (P)   309,049 301,668
Series 2004-2, Class 23A,      
3.189%, 05/25/2034 (P)   83,679 71,770
Series 2004-2, Class 22A,      
3.208%, 05/25/2034 (P)   196,510 188,632
Series 2005-4, Class 3A1,      
4.950%, 08/25/2035 (P)   469,531 378,014
Bear Stearns Alt-A Trust      
Series 2006-8, Class 3A1,      
0.399%, 02/25/2034 (P)   75,211 61,359
Series 2006-6, Class 31A1,      
2.738%, 11/25/2036 (P)   1,797,831 974,852
Series 2005-9, Class 24A1,      
2.774%, 11/25/2035 (P)   716,185 438,474
Series 2006-6, Class 32A1,      
2.809%, 11/25/2036 (P)   1,377,796 730,924
Series 2005-7, Class 22A1,      
2.833%, 09/25/2035 (P)   1,531,561 1,035,153
Bear Stearns Structured Products, Inc.,      
Series 2007-R6, Class 1A1      
2.780%, 01/26/2036 (P)   819,983 487,185
Bella Vista Mortgage Trust,      
Series 2005-2, Class 2A1      
0.490%, 05/20/2045 (P)   597,559 323,948
Citigroup Mortgage Loan Trust, Inc.      
Series 2005-12, Class 2A1,      
1.039%, 08/25/2035 (P) (S)   1,092,138 671,560
Series 2005-6, Class A1,      
2.230%, 09/25/2035 (P)   465,950 430,165

 

48

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Citigroup Mortgage Loan Trust, Inc. (continued)    
Series 2005-6, Class A2,      
2.450%, 09/25/2035 (P) $ 499,237 $ 434,495
Series 2005-11, Class A2A,      
2.580%, 10/25/2035 (P)   1,279,021 1,131,743
Series 2005-11, Class 1A1,      
2.600%, 05/25/2035 (P)   288,676 263,238
Commercial Mortgage Pass Through      
Certificates, Series 2006-CN2A,      
Class A2FL      
0.460%, 02/05/2019 (P) (S)   2,600,000 2,456,826
Countrywide Alternative Loan Trust      
Series 2007-OA7, Class A1A,      
0.419%, 05/25/2047 (P)   1,848,591 1,027,292
Series 2006-OA19, Class A1,      
0.420%, 02/20/2047 (P)   1,916,868 891,127
Series 2006-OA1, Class 2A1,      
0.450%, 03/20/2046 (P)   1,173,864 574,963
Series 2005-81, Class A1,      
0.519%, 02/25/2037 (P)   3,587,799 1,818,666
Series 2007-11T1, Class A12,      
0.589%, 05/25/2037 (P)   452,385 234,282
Series 2005-56, Class 2A3,      
1.652%, 11/25/2035 (P)   94,501 54,211
Series 2005-56, Class 2A2,      
2.192%, 11/25/2035 (P)   94,565 56,195
Series 2005-21CB, Class A3,      
5.250%, 06/25/2035   149,092 122,827
Series 2007-7T2, Class A9,      
6.000%, 04/25/2037   206,686 125,288
Series 2007-16CB, Class 5A1,      
6.250%, 08/25/2037   200,925 124,185
Countrywide Home Loan Mortgage      
Pass Through Trust      
Series 2004-25, Class 1A1,      
0.569%, 02/25/2035 (P)   210,373 144,214
Series 2004-25, Class 2A1,      
0.579%, 02/25/2035 (P)   253,832 175,276
Series 2005-R2, Class 1AF1,      
0.579%, 06/25/2035 (P) (S)   464,424 395,133
Series 2005-HYB9, Class 3A2A,      
2.595%, 02/20/2036 (P)   456,558 336,020
Series 2005-HYB9, Class 5A1,      
2.610%, 02/20/2036 (P)   486,675 308,761
Series 2004-22, Class A3,      
2.620%, 11/25/2034 (P)   215,907 177,868
Series 2004-12, Class 12A1,      
2.643%, 08/25/2034 (P)   605,544 469,285
Series 2004-12, Class 11A1,      
2.805%, 08/25/2034 (P)   61,186 45,016
Credit Suisse First Boston      
Mortgage Securities Corp.      
Series 2003-AR18, Class 2A3,      
2.544%, 07/25/2033 (P)   19,896 18,768
Series 2003-AR20, Class 2A1,      
2.594%, 08/25/2033 (P)   202,742 199,047
Credit Suisse Mortgage      
Capital Certificates      
Series 2007-C3, Class A2,      
5.678%, 06/15/2039 (P)   398,837 398,570
Series 2010-UD1, Class A,      
5.774%, 12/18/2049 (P) (S)   300,000 331,274

 

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Crusade Global Trust      
Series 2004-2, Class A2,      
0.826%, 11/19/2037 (P) EUR 463,576 $ 566,737
Series 2005-2, Class A2,      
3.950%, 08/14/2037 (P) AUD 2,282,380 2,160,843
Dutch Mortgage Portfolio Loans BV,      
Series III, Class A      
0.935%, 11/20/2035 (P) EUR 753,562 926,368
Eurosail PLC, Series 2006-1X, Class A2C      
1.200%, 06/10/2044 (P) GBP 2,598,853 3,425,314
First Flexible PLC, Series 7, Class A      
1.279%, 09/15/2033 (P)   456,374 634,779
First Horizon Asset Securities, Inc.      
Series 2003-AR4, Class 2A1,      
2.541%, 12/25/2033 (P) $ 108,145 97,292
Series 2005-AR3, Class 2A1,      
2.684%, 08/25/2035 (P)   106,644 86,575
First Republic Mortgage Loan Trust,      
Series 2001-FRB1, Class A      
0.589%, 11/15/2031 (P)   306,645 287,202
Fosse Master Issuer PLC, Series 2012-1A,      
Class 2B2      
2.873%, 04/18/2013 (P) (S) GBP 2,900,000 4,469,480
German Residential Asset      
Note Distributor PLC, Series 2006-1,      
Class A      
0.981%, 07/20/2016 (P) EUR 1,074,052 1,201,900
GMAC Mortgage Corp. Loan Trust,      
Series 2004-AR1, Class 22A      
3.260%, 06/25/2034 (P) $ 17,410 15,447
Gosforth Funding PLC, Series 2011-1,      
Class A2      
2.464%, 04/24/2047 (P) GBP 1,800,000 2,766,093
Great Hall Mortgages PLC      
Series 2007-1, Class A2B,      
0.992%, 03/18/2039 (P) EUR 1,767,895 1,776,239
Series 2006-1, Class A2B,      
1.012%, 06/18/2038 (P)   1,651,762 1,688,535
Series 2007-1, Class A2A,      
1.167%, 03/18/2039 (P) GBP 1,520,391 1,909,891
Greenpoint Mortgage Funding Trust,      
Series 2006-AR6, Class A1A      
0.319%, 10/25/2046 (P) $ 50,359 49,338
Greenpoint Mortgage Pass-Through      
Certificates, Series 2003-1, Class A1      
3.130%, 10/25/2033 (P)   14,205 12,419
GS Mortgage Securities Corp. II,      
Series 2010-C1, Class A2      
4.592%, 08/10/2043 (S)   1,100,000 1,226,930
GSR Mortgage Loan Trust, Series 2003-1,      
Class A2      
1.940%, 03/25/2033 (P)   109,481 105,371
Harborview Mortgage Loan Trust      
Series 2006-12, Class 2A2A,      
0.430%, 01/19/2038 (P)   1,635,130 974,897
Series 2006-1, Class 2A1A,      
0.480%, 03/19/2036 (P)   1,124,286 573,510
Series 2003-1, Class A,      
2.973%, 05/19/2033 (P)   201,487 194,701
Series 2005-4, Class 3A1,      
3.081%, 07/19/2035 (P)   35,443 25,316
Holmes Master Issuer PLC,      
Series 2010-1A, Class A3      
2.157%, 10/15/2054 (P) (S) EUR 3,800,000 4,727,035

 

49

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Indymac Index Mortgage Loan Trust,      
Series 2004-AR11, Class 2A      
2.653%, 12/25/2034 (P) $ 65,765 $ 50,113
Intesa Sec SpA      
0.860%, 10/30/2033 (P) EUR 1,550,000 1,763,560
JPMorgan Alternative Loan Trust,      
Series 2006-A6, Class 2A1      
5.500%, 11/25/2036 (P) $ 198,900 196,594
JPMorgan Mortgage Trust      
Series 2003-A2, Class 3A1,      
2.365%, 11/25/2033 (P)   116,071 109,939
Series 2007-A1, Class 5A6,      
2.850%, 07/25/2035 (P)   390,109 307,129
Series 2006-A1, Class 3A2,      
5.218%, 02/25/2036 (P)   1,004,546 745,629
Mansard Mortgages PLC, Series 2007-2X,      
Class A1      
1.689%, 12/15/2049 (P) GBP 7,334,161 9,492,321
Mellon Residential Funding Corp.,      
Series 2000-TBC3, Class A1      
0.679%, 12/15/2030 (P) $ 514,542 483,007
Merrill Lynch Mortgage Investors, Inc.      
Series 2005-A8, Class A3A2,      
0.489%, 08/25/2036 (P)   121,032 103,846
Series 2003-C, Class A1,      
0.899%, 06/25/2028 (P)   475,053 450,521
Series 2003-A2, Class 1A1,      
2.380%, 02/25/2033 (P)   101,686 96,075
Merrill Lynch/Countrywide Commercial      
Mortgage Trust, Series 2007-8,      
Class A3      
5.965%, 08/12/2049 (P)   2,000,000 2,197,856
MLCC Mortgage Investors, Inc.,      
Series 2005-2, Class 1A      
1.996%, 10/25/2035 (P)   667,217 607,862
NCUA Guaranteed Notes      
Series 2010-R1, Class 1A,      
0.689%, 10/07/2020 (P)   3,212,401 3,218,923
Series 2010-R2, Class 2A,      
0.709%, 11/05/2020 (P)   19,587,225 19,608,575
Newgate Funding PLC      
Series 2007-3X, Class A1,      
1.639%, 12/15/2050 (P) GBP 837,442 1,269,000
Series 2007-3X, Class A3,      
2.039%, 12/15/2050 (P)   4,200,000 4,602,410
Opera Finance PLC      
1.211%, 02/02/2017 (P)   3,108,072 4,454,849
Puma Finance, Ltd.      
Series 2006-G5, Class A1,      
0.537%, 02/21/2038 (P) (S) $ 613,480 590,368
Series 2005-P11, Class BA,      
4.110%, 08/22/2037 (P) AUD 199,309 187,011
Series 2004-P10, Class BA,      
4.330%, 07/12/2036 (P)   222,034 212,198
Residential Accredit Loans, Inc.      
Series 2007-QO2, Class A1,      
0.389%, 02/25/2047 (P) $ 408,287 178,787
Series 2006-QO6, Class A1,      
0.419%, 06/25/2046 (P)   1,851,194 616,609
Series 2006-QO3, Class A1,      
0.449%, 04/25/2046 (P)   1,142,215 413,526
Residential Asset Securitization Trust      
Series 2006-R1, Class A2,      
0.639%, 01/25/2046 (P)   491,155 205,793

 

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Residential Asset      
Securitization Trust (continued)      
Series 2005-A15, Class 5A1,      
5.750%, 02/25/2036 $ 231,145 $ 155,964
Residential Funding Mortgage      
Securities I, Series 2005-SA4,      
Class 1A21      
3.120%, 09/25/2035 (P)   151,976 104,705
RMAC Securities PLC,      
Series 2006-NS1X, Class A2A      
1.190%, 06/12/2044 (P) GBP 956,381 1,237,429
Sequoia Mortgage Trust, Series 5, Class A      
0.590%, 10/19/2026 (P) $ 129,519 117,761
Structured Adjustable Rate      
Mortgage Loan Trust      
Series 2004-19, Class 2A1,      
1.552%, 01/25/2035 (P)   623,798 363,940
Series 2004-1, Class 4A1,      
2.729%, 02/25/2034 (P)   135,034 129,541
Series 2004-1, Class 4A2,      
2.729%, 02/25/2034 (P)   742,687 712,478
Series 2004-12, Class 7A1,      
2.749%, 09/25/2034 (P)   354,562 337,448
Series 2004-4, Class 3A2,      
2.808%, 04/25/2034 (P)   312,823 273,161
Structured Asset Mortgage      
Investments, Inc., Series 2006-AR3,      
Class 12A1      
0.459%, 05/25/2036 (P)   1,506,487 711,398
Structured Asset Securities Corp.,      
Series 2006-11, Class A1      
2.804%, 10/25/2035 (P) (S)   312,221 246,904
Superannuation Members Home Loans      
Global Fund, Series 2004-7, Class A1      
0.755%, 03/09/2036 (P)   437,438 437,061
Swan      
Series 2006-1E, Class A1,      
0.547%, 05/12/2037 (P)   834,617 811,970
Series 2006-1E, Class A2,      
3.920%, 05/12/2037 (P) AUD 751,155 713,092
Series 2010-1, Class A,      
4.970%, 04/25/2041 (P)   1,591,576 1,531,052
Torrens Trust, Series 2007-1, Class A      
4.150%, 10/19/2038 (P)   1,075,379 1,013,487
WaMu Mortgage Pass Through      
Certificates, Series 2005-AR13,      
Class A1A1      
0.529%, 10/25/2045 (P) $ 144,333 114,487
WaMu Mortgage Pass-      
Through Certificates      
Series 2005-AR6, Class 2A1A,      
0.469%, 04/25/2045 (P)   404,780 322,664
Series 2005-AR2, Class 2A1A,      
0.549%, 01/25/2045 (P)   223,932 184,425
Series 2006-AR19, Class 1A,      
0.898%, 01/25/2047 (P)   485,134 282,143
Series 2006-AR17, Class 1A1A,      
0.968%, 12/25/2046 (P)   369,487 262,292
Series 2006-AR3, Class A1A,      
1.152%, 02/25/2046 (P)   789,497 603,208
Series 2002-AR17, Class 1A,      
1.352%, 11/25/2042 (P)   262,437 223,438
Series 2003-AR5, Class A7,      
2.456%, 06/25/2033 (P)   84,494 84,805

 

50

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
WaMu Mortgage Pass-Through      
Certificates (continued)      
Series 2003-AR9, Class 1A6,      
2.457%, 09/25/2033 (P) $ 2,528,647 $ 2,540,370
Washington Mutual Alternative Mortgage      
Pass-Through Certificates,      
Series 2006-AR5, Class 3A      
1.092%, 07/25/2046 (P)   352,730 129,920
Wells Fargo Mortgage      
Backed Securities Trust      
Series 2006-AR2, Class 2A1,      
2.626%, 03/25/2036 (P)   1,959,505 1,717,135
Series 2004-S, Class A1,      
2.687%, 09/25/2034 (P)   207,200 206,668
 
      122,399,221
U.S. Government Agency - 0.6%      
Federal Home Loan Mortgage Corp.,      
Series T-63, Class 1A1      
1.358%, 02/25/2045 (P)   214,077 207,703
Federal National Mortgage Association      
Series 2005-120, Class NF,      
0.339%, 01/25/2021 (P)   89,072 88,975
Series 2006-15, Class FC,      
0.369%, 03/25/2036 (P)   307,772 286,741
Series 2006-16, Class FC,      
0.539%, 03/25/2036 (P)   1,268,558 1,270,017
Series 2003-W6, Class F,      
0.589%, 09/25/2042 (P)   401,741 398,077
Series 2004-W2, Class 5AF,      
0.589%, 03/25/2044 (P)   299,845 290,494
Series 2010-136, Class FA,      
0.739%, 12/25/2040 (P)   2,679,354 2,677,796
Series 2006-5, Class 3A2,      
2.554%, 05/25/2035 (P)   418,927 435,690
 
      5,655,493
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $144,924,845)   $ 128,054,714
 
ASSET BACKED SECURITIES - 2.4%      
Access Group, Series 2008-1, Class A      
1.766%, 10/27/2025 (P)   1,877,559 1,878,981
Aegis Asset Backed Securities Trust,      
Series 2005-4, Class 1A4      
0.609%, 10/25/2035 (P)   2,472,194 2,101,165
Aquilae CLO PLC, Series 2006-1X,      
Class A      
1.754%, 01/17/2023 (P) EUR 3,028,786 3,582,479
Bumper 2 SA, Series 2009-3, Class A      
2.353%, 06/20/2022 (P)   22,181 27,434
Duane Street CLO, Series 2005-1A,      
Class A2      
0.716%, 11/08/2017 (P) (S) $ 963,822 941,926
Globaldrive BV, Series 2011-AA, Class A      
1.145%, 04/20/2019 (P) (S) EUR 1,214,701 1,505,378
GSRPM Mortgage Loan Trust,      
Series 2003-1, Class A2      
0.939%, 01/25/2032 (P) $ 57,128 56,664
Harvest CLO SA, Series IX, Class A1      
1.587%, 03/29/2017 (P) EUR 471,803 572,005
Landmark CDO, Ltd., Series 2005-1A,      
Class A1L      
0.767%, 06/01/2017 (P) (S) $ 2,885,838 2,838,253

 

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES (continued)    
Long Beach Mortgage Loan Trust,      
Series 2004-4, Class 1A1      
0.799%, 10/25/2034 (P) $ 134,514 $ 110,380
Magnolia Funding, Ltd.      
Series 2010-1A, Class A1,      
1.314%, 04/11/2021 (P) (S) EUR 1,487,174 1,714,112
Series 2010-1A, Class A2,      
3.000%, 04/20/2017 (S)   600,000 720,894
Series 2010-1A, Class A1,      
3.000%, 04/20/2017 (S)   353,178 435,219
Mid-State Trust, Series 1995-4, Class A      
8.330%, 04/01/2030 $ 788,795 793,092
Pacifica CDO, Ltd., Series 2004-4X,      
Class A1l      
0.817%, 02/15/2017 (P)   700,983 693,185
Penta CLO SA, Series 2007-1X, Class A1      
1.166%, 06/04/2024 (P) EUR 871,477 995,532
SACO I, Inc., Series 2005-10, Class 1A      
0.759%, 06/25/2036 (P) $ 202,045 162,838
SLM Student Loan Trust, Series 2003-6,      
Class A4      
0.674%, 12/17/2018 (P)   199,204 198,698
The Plymouth Rock CLO, Ltd.,      
Series 2010-1A, Class A      
1.966%, 02/16/2019 (P) (S)   1,003,628 999,753
Whitney CLO, Ltd., Series 2004-1A,      
Class A1LA      
0.757%, 03/01/2017 (P) (S)   891,114 884,268
TOTAL ASSET BACKED SECURITIES (Cost $21,942,509) $ 21,212,256
 
PREFERRED SECURITIES - 0.0%      
United States - 0.0%      
SLM Corp., 4.353%   6,200 $ 134,850
TOTAL PREFERRED SECURITIES (Cost $69,750) $ 134,850
 
OPTIONS PURCHASED - 0.0%      
Call Options - 0.0%      
Over the Counter Call on the USD vs.      
JPY (Expiration Date: 06/19/2012;      
Strike Price: $90.00; Counterparty:      
Morgan Stanley). (I) $ 79,000,000 $ 2,291
Over the Counter Call on the USD vs.      
JPY (Expiration Date: 06/21/2012;      
Strike Price: $90.00; Counterparty:      
Morgan Stanley). (I)   100,000,000 6,400
Over the Counter Call on the USD vs.      
JPY (Expiration Date: 06/27/2012;      
Strike Price: $90.00;      
Counterparty: Citibank). (I)   100,000,000 19,700
Over the Counter Call on the USD vs.      
JPY (Expiration Date: 07/03/2012;      
Strike Price: $88.25;      
Counterparty: Citibank). (I)   40,000,000 4,000
 
      32,391
TOTAL OPTIONS PURCHASED (Cost $31,900) $ 32,391
 
SHORT-TERM INVESTMENTS - 12.4%      
U.S. Government* - 1.5%      
U.S. Treasury Bill      
0.077%, 07/26/2012 (D)   571,000 570,926
0.081%, 08/02/2012   130,000 129,982
0.139%, 08/23/2012 (F)   1,496,000 1,495,543
0.140%, 10/11/2012 (F)   923,000 922,526
0.140%, 11/01/2012 (D)   1,392,000 1,391,173

 

51

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Global Bond Fund (continued)      
    Shares or    
    Principal    
    Amount   Value
 
SHORT-TERM INVESTMENTS (continued)      
U.S. Government* (continued)        
U.S. Treasury Bill (continued)        
0.140%, 11/15/2012 (D) (F) $ 3,360,000 $ 3,357,818
0.146%, 09/13/2012 (D) (F)   1,392,000   1,391,419
0.146%, 02/07/2013 (D) (F)   600,000   599,391
0.164%, 04/04/2013 (D) (F)   2,712,000   2,708,213
0.183%, 05/30/2013   672,000   670,763
        13,237,754
Foreign Government* - 9.3%        
Mexico Treasury Bill        
4.316%, 10/18/2012 MXN 4,000,000,000   27,394,740
4.352%, 06/28/2012   460,000,000   3,194,888
4.352%, 10/04/2012   200,000,000   1,372,866
4.400%, 09/20/2012   1,950,000,000   13,401,817
5.109%, 08/23/2012   1,400,000,000   9,657,914
5.567%, 08/09/2012   1,430,000,000   9,879,917
6.068%, 07/26/2012   2,510,000,000   17,372,456
7.162%, 07/12/2012   200,000,000   1,386,698
        83,661,296
Repurchase Agreement - 1.0%        
Repurchase Agreement with Barclays        
Capital dated 05/31/2012 at 0.230% to        
be repurchased at $8,300,053 on        
06/01/2012, collateralized by        
$7,836,669 Government National        
Mortgage Association, 4.000% due        
02/20/2042 (valued at $8,570,949,        
including interest) $ 8,300,000   8,300,000
State Street Bank Repurchase Agreement        
dated 05/31/2012 at 0.010% to be        
repurchased at $408,000 on 06/01/2012,        
collateralized by $420,000 Federal        
Home Loan Bank, 0.280% due        
08/02/2013 (valued at $420,394,        
including interest)   408,000   408,000
        8,708,000
Commercial Paper - 0.6%        
Itau Unibanco SA 1.587%, 11/13/2012 *   5,100,000   5,062,900
        5,062,900
TOTAL SHORT-TERM INVESTMENTS (Cost $119,887,252) $ 110,669,950
Total Investments (Global Bond Fund)        
(Cost $1,241,506,075) - 135.2%     $ 1,211,075,716
Other assets and liabilities, net - (35.2%)       (315,635,629)
TOTAL NET ASSETS - 100.0%     $ 895,440,087
 
SALE COMMITMENTS OUTSTANDING - (4.1)%    
U.S. Government Agency - (4.1)%        
Federal National Mortgage Association        
3.500%, TBA (C)   (6,000,000)   (6,301,928)
4.000%, TBA (C)   (29,000,000)   (30,846,369)
TOTAL U.S. GOVERNMENT AGENCY (Cost $(37,101,641)) $ (37,148,297)

 

Global Real Estate Fund    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 98.8%    
Australia - 8.0%    
Aspen Group 509,577 $ 223,191
Centro Retail Australia (I) 104,859 193,813
Dexus Property Group 2,001,702 1,831,780
Goodman Group 996,160 3,276,081
GPT Group 1,557,492 4,912,241
Investa Office Fund 1,212,084 3,172,788
Mirvac Group 1,547,983 1,850,021
Premier Investment Corp. 302 1,112,016
Stockland 1,264,513 3,920,683
Westfield Group 1,482,683 13,116,764
Westfield Retail Trust 2,317,811 6,132,376
 
    39,741,754
Austria - 0.1%    
Conwert Immobilien Invest Se 64,000 672,956
Canada - 4.8%    
Boardwalk Real Estate Investment Trust 14,700 835,019
Canadian Apartment Properties REIT (I)(S) 36,950 860,384
Canadian Apartment Properties REIT 26,100 607,741
Canadian Real Estate Investment Trust 92,000 3,505,059
Chartwell Seniors Housing Real    
Estate Investment Trust 756,650 7,091,419
Dundee Real Estate Investment Trust 77,700 2,709,739
First Capital Realty, Inc. 72,050 1,264,023
H&R Real Estate Investment Trust 300,650 6,986,106
 
    23,859,490
China - 1.0%    
Agile Property Holdings, Ltd. 850,000 977,421
Country Garden Holdings Company (I) 5,900,447 2,198,314
Evergrande Real Estate Group, Ltd. 3,398,000 1,861,908
 
    5,037,643
France - 3.4%    
ICADE 34,000 2,643,964
Klepierre SA 170,272 5,282,074
Unibail-Rodamco SE 54,500 9,045,451
 
    16,971,489
Germany - 0.8%    
Deutsche Euroshop AG 28,927 1,068,363
GSW Immobilien AG (I) 87,671 3,061,099
 
    4,129,462
Guernsey, C.I. - 0.0%    
Camper & Nicholsons    
Marina Investments, Ltd. (I) 1,200,000 194,191
Hong Kong - 9.2%    
China Overseas Land & Investment, Ltd. 979,452 2,047,022
Hang Lung Properties, Ltd. 1,274,592 4,044,738
Henderson Land Development Company, Ltd. 694,000 3,466,278
Hong Kong Land Holdings, Ltd. 1,319,000 7,334,562
New World Development Company, Ltd. 4,040,000 4,321,521
Sino Land Company, Ltd. 768,000 1,065,806
Sun Hung Kai Properties, Ltd. 1,002,173 11,344,101
The Link REIT 1,427,500 5,526,439
Wharf Holdings, Ltd. 1,188,900 6,205,799
 
    45,356,266
Italy - 0.0%    
BGP Holdings PLC (I) 4,606,148 6
Japan - 8.7%    
Aeon Mall Company, Ltd. 35,200 688,172
Daiwahouse Residential Investment Corp. 128 871,179
Japan Prime Realty Investment Corp. 567 1,620,199
Japan Real Estate Investment Corp. 392 3,458,841

 

52

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Global Real Estate Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Japan Retail Fund Investment Corp. 1,142 $ 1,793,998
Mitsubishi Estate Company, Ltd. 691,000 10,669,845
Mitsui Fudosan Company, Ltd. 621,000 10,278,020
Mori Hills Reit Investment Corp. 263 1,069,880
Nippon Building Fund, Inc. 322 2,929,424
Sumitomo Realty &    
Development Company, Ltd. 352,000 7,341,309
Tokyu REIT, Inc. 99 493,200
United Urban Investment Corp. 1,682 1,818,794
 
    43,032,861
Jersey, C.I. - 0.4%    
LXB Retail Properties PLC (I) 1,040,000 1,770,668
Netherlands - 0.9%    
Corio NV 73,006 3,040,562
Wereldhave NV 23,000 1,410,865
 
    4,451,427
Norway - 0.4%    
Norwegian Property ASA 1,525,000 2,033,796
Singapore - 4.4%    
Ascendas Real Estate Investment Trust 2,004,000 3,180,539
CapitaCommercial Trust 3,285,000 3,129,540
Capitaland, Ltd. 2,616,500 5,134,974
CapitaMall Trust 1,507,000 2,118,068
CapitaMalls Asia, Ltd. 2,482,000 2,704,719
Global Logistic Properties, Ltd. (I) 2,035,000 3,274,697
Suntec Real Estate Investment Trust 2,041,000 2,030,838
 
    21,573,375
Sweden - 0.9%    
Castellum AB 132,000 1,486,115
Hufvudstaden AB, Class A 300,000 3,039,168
 
    4,525,283
Switzerland - 1.4%    
PSP Swiss Property AG 44,508 3,764,750
Swiss Prime Site AG (I) 39,000 3,114,001
 
    6,878,751
United Kingdom - 5.2%    
British Land Company PLC 860,000 6,404,314
Derwent London PLC 111,000 2,986,217
Great Portland Estates PLC 250,000 1,456,174
Hammerson PLC 735,000 4,742,852
Land Securities Group PLC 465,000 5,104,905
Safestore Holdings, Ltd. 830,000 1,460,140
Shaftesbury PLC 215,000 1,679,590
Unite Group PLC (I) 567,965 1,656,397
 
    25,490,589
United States - 49.2%    
Alexander’s, Inc. 750 293,355
Apartment Investment & Management    
Company, Class A 237,900 6,439,953
AvalonBay Communities, Inc. 27,001 3,773,390
Boston Properties, Inc. 169,800 17,477,514
BRE Properties, Inc. 152,600 7,512,498
Camden Property Trust 173,800 11,316,118
Chesapeake Lodging Trust 77,050 1,390,753
Colonial Properties Trust 117,250 2,486,873
CubeSmart 367,550 4,156,991
DDR Corp. 571,700 7,940,913
Douglas Emmett, Inc. 355,450 7,606,630
Duke Realty Corp. 414,250 5,733,220
DuPont Fabros Technology, Inc. 148,200 3,777,618

 

Global Real Estate Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
United States (continued)      
Equity Lifestyle Properties, Inc.   62,050 $ 4,086,613
Equity Residential   123,000 7,515,300
Extra Space Storage, Inc.   94,300 2,674,348
Federal Realty Investment Trust   100,100 9,837,828
First Potomac Realty Trust   27,150 325,800
General Growth Properties, Inc.   347,000 5,812,250
Glimcher Realty Trust   517,050 4,756,860
Health Care REIT, Inc.   349,150 19,367,351
Healthcare Realty Trust, Inc.   278,800 6,100,144
Home Properties, Inc.   87,050 5,217,777
Host Hotels & Resorts, Inc.   123,650 1,886,899
Kilroy Realty Corp.   87,800 4,030,898
Kimco Realty Corp.   338,200 6,070,690
LaSalle Hotel Properties   104,450 2,880,731
LTC Properties, Inc.   83,450 2,692,931
Pebblebrook Hotel Trust   131,400 2,884,229
Pennsylvania Real Estate Investment Trust   23,300 295,443
Prologis, Inc.   129,245 4,133,254
PS Business Parks, Inc.   41,850 2,757,496
Retail Properties Of America, Inc.   198,450 1,815,817
Simon Property Group, Inc.   216,273 31,904,593
SL Green Realty Corp.   111,775 8,384,243
Strategic Hotels & Resorts, Inc. (I)   612,050 3,813,072
Sunstone Hotel Investors, Inc. (I)   294,050 2,943,440
Taubman Centers, Inc.   73,450 5,361,850
UDR, Inc.   256,150 6,634,285
Ventas, Inc.   23,950 1,408,739
Vornado Realty Trust   52,200 4,276,223
Washington Real Estate Investment Trust   152,750 4,298,385
 
      244,073,315
TOTAL COMMON STOCKS (Cost $418,615,228) $ 489,793,322
 
SECURITIES LENDING COLLATERAL - 3.6%    
John Hancock Collateral      
Investment Trust, 0.3309% (W)(Y)   1,765,604 17,668,752
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $17,661,413)   $ 17,668,752
 
SHORT-TERM INVESTMENTS - 0.7%      
Repurchase Agreement - 0.7%      
Repurchase Agreement with State Street Corp.    
dated 05/31/2012 at 0.010% to be      
repurchased at $3,476,001 on 06/01/2012,    
collateralized by $3,545,000 Federal Home    
Loan Bank, 0.280% due 08/02/2013 (valued    
at $ 3,548,325, including interest) $ 3,476,000 $ 3,476,000
TOTAL SHORT-TERM INVESTMENTS (Cost $3,476,000) $ 3,476,000
 
ESCROW SHARES - 0.0%      
Austria - 0.0%      
Immofinanz AG (I)(L)   140,000 0
TOTAL ESCROW SHARES (Cost $0)   $ 0
Total Investments (Global Real Estate Fund)    
(Cost $439,752,641) - 103.1%   $ 510,938,074
Other assets and liabilities, net - (3.1%)     (15,218,997)
 
TOTAL NET ASSETS - 100.0%   $ 495,719,077

 

53

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Health Sciences Fund    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 99.0%    
Consumer Staples - 0.9%    
Food & Staples Retailing - 0.9%    
CP ALL PCL 704,800 $ 758,741
Raia Drogasil SA 128,745 1,190,517
Shoppers Drug Mart Corp. 34,500 1,376,526
 
    3,325,784
    3,325,784
Health Care - 96.1%    
Biotechnology - 34.6%    
3SBio Inc., ADR (I) 28,900 360,961
Abcam PLC 109,499 663,786
Achillion Pharmaceuticals, Inc. (I) 18,700 134,266
Acorda Therapeutics, Inc. (I) 44,900 987,351
Aegerion Pharmaceuticals, Inc. (I) 68,100 1,035,801
Affymax, Inc. (I) 4,700 66,458
Alexion Pharmaceuticals, Inc. (D)(I) 294,300 26,654,751
Alkermes PLC (I) 276,600 4,320,492
Allos Therapeutics, Inc. (I) 67,000 119,260
AMAG Pharmaceuticals, Inc. (I) 53,800 754,814
Amarin Corp. PLC, ADR (I) 171,800 2,035,830
Amgen, Inc. (D) 71,200 4,949,824
Amylin Pharmaceuticals, Inc. (I) 103,800 2,751,738
Anacor Pharmaceuticals, Inc. (I) 82,100 410,500
Ardea Biosciences, Inc. (I) 45,700 1,460,115
Ariad Pharmaceuticals, Inc. (I) 16,500 273,405
Arqule, Inc. (I) 45,500 270,270
AVEO Pharmaceuticals, Inc. (I) 10,100 128,573
Basilea Pharmaceutica (I) 2,509 106,844
Biocon, Ltd. 31,216 122,693
BioCryst Pharmaceuticals, Inc. (I) 42,100 130,510
Biogen Idec, Inc. (D)(I) 18,800 2,458,100
BioMarin Pharmaceutical, Inc. (I) 108,000 3,849,120
BioMimetic Therapeutics, Inc. (I) 20,400 51,408
Celgene Corp. (D)(I) 80,700 5,507,775
Chemocentryx, Inc. (I) 10,300 144,406
Clovis Oncology, Inc. (I) 19,300 343,733
Cubist Pharmaceuticals, Inc. (I) 92,700 3,719,124
Dendreon Corp. (I) 125,200 876,400
Dyadic International, Inc. (I) 34,100 34,441
Dynavax Technologies Corp. (I) 53,500 201,695
Exelixis, Inc. (I) 305,500 1,414,465
Gilead Sciences, Inc. (D)(I) 192,800 9,630,360
Grifols SA, ADR (I) 36,600 310,002
Grifols SA, B Shares (I) 9,316 158,436
GTx, Inc. (I) 43,800 127,896
Halozyme Therapeutics, Inc. (I) 33,300 254,412
Human Genome Sciences, Inc. (I) 228,300 3,109,446
Idenix Pharmaceuticals, Inc. (I) 256,900 2,322,376
Incyte Corp. (D)(I) 413,900 8,820,209
Infinity Pharmaceuticals, Inc. (I) 33,100 430,631
Intercell AG (I) 14,049 33,721
InterMune, Inc. (I) 116,900 1,219,267
Ironwood Pharmaceuticals, Inc. (I) 22,400 267,008
Lexicon Pharmaceuticals, Inc. (I) 65,800 104,622
Medivation, Inc. (I) 52,800 4,447,344
Momenta Pharmaceuticals, Inc. (I) 44,400 612,276
Neurocrine Biosciences, Inc. (I) 187,100 1,251,699
NPS Pharmaceuticals, Inc. (I) 95,500 753,495
Onyx Pharmaceuticals, Inc. (I) 35,500 1,625,190
Pharmacyclics, Inc. (I) 182,300 5,727,866
Puma Biotechnology, Inc. (I) 36,156 488,106
Regeneron Pharmaceuticals, Inc. (D)(I) 65,900 8,939,335
Rigel Pharmaceuticals, Inc. (I) 82,700 614,461
Savient Pharmaceuticals, Inc. (I) 12,000 8,692

 

Health Sciences Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Biotechnology (continued)    
Seattle Genetics, Inc. (I) 47,600 $ 927,248
Sinovac Biotech, Ltd. (I) 61,700 114,145
Swedish Orphan Biovitrum AB (I) 138,197 444,296
Targacept, Inc. (I) 23,200 96,280
Theravance, Inc. (I) 73,200 1,514,508
Threshold Pharmaceuticals, Inc. (I) 39,600 290,268
Tranzyme, Inc. (I) 90,300 271,803
United Therapeutics Corp. (I) 10,400 460,096
Vertex Pharmaceuticals, Inc. (I) 47,100 2,827,884
Vical, Inc. (I) 155,000 452,600
YM Biosciences, Inc. (I) 304,000 598,880
 
    125,593,767
Health Care Equipment & Supplies - 14.2%    
Arthrocare Corp. (I) 36,600 958,188
Baxter International, Inc. 109,300 5,532,766
China Kanghui Holdings, Inc., ADR (I) 87,300 1,719,810
Conceptus, Inc. (I) 99,200 1,670,528
Covidien PLC 121,400 6,286,092
Cynosure, Inc. (I) 13,600 268,192
DENTSPLY International, Inc. 170,400 6,304,800
Dynavox, Inc., Class A (I) 35,300 45,184
Edwards Lifesciences Corp. (I) 41,600 3,551,392
Endologix, Inc. (I) 18,700 254,133
EnteroMedics, Inc. (I) 177,900 616,424
Gen-Probe, Inc. (I) 4,000 323,640
Genmark Diagnostics, Inc. (I) 79,300 356,850
HeartWare International, Inc. (I) 29,200 2,376,004
Hill-Rom Holdings, Inc. 27,000 794,070
IDEXX Laboratories, Inc. (I) 44,100 3,741,444
Insulet Corp. (I) 56,700 1,044,414
Intuitive Surgical, Inc. (D)(I) 1,200 627,720
Meridian Bioscience, Inc. 14,700 278,418
Nobel Biocare Holding AG (I) 15,052 158,939
Shandong Weigao Group Medical Polymer    
Company, Ltd., H Shares 636,000 643,258
Sonova Holding AG (I) 3,274 307,126
St. Jude Medical, Inc. 500 19,210
Straumann Holding AG 2,058 317,556
Stryker Corp. 113,100 5,818,995
The Cooper Companies, Inc. 17,300 1,473,614
Tornier BV (I) 8,000 158,000
Volcano Corp. (I) 59,400 1,698,246
Zimmer Holdings, Inc. (D) 65,773 3,989,132
 
    51,334,145
Health Care Providers & Services - 21.0%    
Acadia Healthcare Company, Inc. (I) 53,000 948,700
Aetna, Inc. 60,700 2,482,023
AMERIGROUP Corp. (I) 81,900 5,110,560
AmerisourceBergen Corp. (D) 89,600 3,314,304
Amil Participacoes SA 52,700 496,467
Bangkok Dusit Medical Services PCL 785,400 2,209,439
Bumrungrad Hospital PCL 336,500 666,337
Cardinal Health, Inc. 400 16,552
Catalyst Health Solutions, Inc. (I) 62,748 5,450,919
Centene Corp. (I) 57,400 2,074,436
Community Health Systems, Inc. (I) 24,100 530,441
DaVita, Inc. (D)(I) 32,700 2,656,875
Express Scripts Holding Company (D)(I) 87,414 4,562,137
Fleury SA 60,200 720,543
Fortis Healthcare, Ltd. (I) 221,535 387,773
Fresenius Medical Care AG &    
Company KGaA 23,621 1,569,374
Fresenius SE & Company KGaA 12,474 1,179,396

 

54

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Health Sciences Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services (continued)    
HCA Holdings, Inc. 47,200 $ 1,226,728
Health Management    
Associates, Inc., Class A (I) 41,400 265,374
Henry Schein, Inc. (D)(I) 59,700 4,436,307
HMS Holdings Corp. (I) 109,200 2,925,468
Laboratory Corp. of America Holdings (I) 6,500 541,320
LCA-Vision, Inc. (I) 94,500 431,865
McKesson Corp. (D) 78,500 6,851,480
Mednax, Inc. (I) 34,500 2,104,845
MWI Veterinary Supply, Inc. (I) 9,631 895,201
Odontoprev SA 82,700 442,849
Owens & Minor, Inc. 21,300 606,411
Quest Diagnostics, Inc. 27,600 1,570,440
Select Medical Holdings Corp. (I) 98,797 912,884
Shanghai Pharmaceuticals Holding    
Company, Ltd., H Shares 500,800 603,004
Sinopharm Group Company, Ltd., H Shares 126,400 287,885
Triple-S Management Corp., Class B (I) 18,900 328,104
UnitedHealth Group, Inc. (D) 152,600 8,510,502
Universal Health Services, Inc., Class B 89,100 3,452,625
WellCare Health Plans, Inc. (I) 50,200 2,834,794
WellPoint, Inc. (D) 36,800 2,479,952
 
    76,084,314
Health Care Technology - 5.6%    
Allscripts Healthcare Solutions, Inc. (I) 31,700 342,994
athenahealth, Inc. (I) 45,900 3,336,471
Cerner Corp. (I) 20,600 1,605,976
SXC Health Solutions Corp. (D)(I) 168,700 15,134,077
 
    20,419,518
Life Sciences Tools & Services - 2.7%    
Agilent Technologies, Inc. 5,300 215,498
BG Medicine, Inc. (I) 28,700 153,545
Bruker Corp. (I) 89,800 1,331,734
Covance, Inc. (I) 57,000 2,644,800
Illumina, Inc. (D)(I) 13,800 594,228
Mettler-Toledo International, Inc. (I) 6,100 952,332
Thermo Fisher Scientific, Inc. 74,400 3,755,712
 
    9,647,849
Pharmaceuticals - 18.0%    
Abbott Laboratories 44,800 2,768,192
Allergan, Inc. (D) 14,200 1,281,550
Auxilium Pharmaceuticals, Inc. (I) 59,100 1,128,810
AVANIR Pharmaceuticals, Class A (I) 707,400 2,100,978
Bayer AG 19,289 1,221,466
Bayer AG, ADR 400 25,273
Cadence Pharmaceuticals, Inc. (I) 123,400 339,350
Cardiome Pharma Corp. (I) 103,000 42,230
China Medical System Holdings, Ltd. 2,981,100 1,265,381
Depomed, Inc. (I) 46,600 239,524
Elan Corp. PLC, ADR (I) 376,000 5,248,960
Endocyte, Inc. (I) 23,700 152,391
Forest Laboratories, Inc. (I) 100 3,500
GlaxoSmithKline Pharmaceuticals, Ltd. 5,035 179,849
Hikma Pharmaceuticals PLC 15,052 150,124
Hospira, Inc. (I) 39,100 1,222,266
Impax Laboratories, Inc. (I) 52,000 1,077,960
ISTA Pharmaceuticals, Inc. (I) 43,000 390,870
Jazz Pharmaceuticals PLC (I) 52,800 2,280,960
Lijun International    
Pharmaceutical Holding, Ltd. 505,000 123,390
MAP Pharmaceuticals, Inc. (I) 44,700 526,119
Medicis Pharmaceutical Corp., Class A 9,300 335,730
 
Merck & Company, Inc. (D) 126,400 4,750,112

 

Health Sciences Fund (continued)  
  Shares or   
  Principal   
    Amount Value
 
 
COMMON STOCKS (continued)      
Pharmaceuticals (continued)      
Mylan, Inc. (I)   900 $ 19,503
Nektar Therapeutics (I)   35,100 235,170
Newron Pharmaceuticals SpA (I)   4,938 24,606
Novo Nordisk A/S   8,976 1,197,405
Optimer Pharmaceuticals, Inc. (I)   72,800 1,087,632
Pacira Pharmaceuticals, Inc. (I)   140,000 1,486,800
Par Pharmaceutical Companies, Inc. (I)   4,700 168,448
Pfizer, Inc.   93,500 2,044,845
Questcor Pharmaceuticals, Inc. (I)   18,600 770,040
Ranbaxy Laboratories, Ltd. (I)   46,770 429,880
Roche Holdings AG   16,369 2,566,787
Salix Pharmaceuticals, Ltd. (I)   20,800 1,077,648
Sanofi   3,742 255,359
Sawai Pharmaceutical Company, Ltd.   17,800 1,900,147
Shire PLC   17,580 495,001
Shire PLC, ADR   21,100 1,781,051
Simcere Pharmaceutical Group, ADR (I)   46,100 396,460
Stada Arzneimittel AG   22,932 652,201
Sun Pharmaceutical Industries, Ltd.   28,062 281,782
Supernus Pharmaceuticals, Inc. (I)   114,100 626,409
Teva Pharmaceutical Industries, Ltd., ADR   32,200 1,261,918
The Medicines Company (I)   230,500 5,066,390
Towa Pharmaceutical Company, Ltd.   19,200 1,003,137
UCB SA   47,880 2,249,202
Valeant      
Pharmaceuticals International, Inc. (D)(I) 183,900 8,948,574
Vectura Group PLC (I)   120,419 118,904
ViroPharma, Inc. (I)   18,300 368,562
Warner Chilcott PLC, Class A (I)   30,200 569,572
Watson Pharmaceuticals, Inc. (I)   5,400 384,966
XenoPort, Inc. (I)   144,100 847,308
 
      65,170,692
 
      348,250,285
Industrials - 0.4%      
Professional Services - 0.4%      
The Advisory Board Company (I)   15,915 1,541,686
Information Technology - 0.9%      
IT Services - 0.3%      
MAXIMUS, Inc.   25,500 1,160,505
Software - 0.6%      
Nuance Communications, Inc. (I)   110,100 2,277,969
 
      3,438,474
Materials - 0.7%      
Chemicals - 0.7%      
Monsanto Company (D)   33,700 2,601,640
TOTAL COMMON STOCKS (Cost $300,884,008) $ 359,157,869
 
PREFERRED SECURITIES - 0.1%      
Information Technology - 0.1%      
Castlight Health, Inc. (I)(R)   59,286 357,884
TOTAL PREFERRED SECURITIES (Cost $357,884) $ 357,884
 
CONVERTIBLE BONDS - 0.1%      
Health Care - 0.1%      
HeartWare International, Inc.      
3.500%, 12/15/2017 $ 100,000 $ 114,500
Insulet Corp. 3.750%, 06/15/2016   100,000 104,625
 
      219,125
TOTAL CONVERTIBLE BONDS (Cost $197,252) $ 219,125

 

55

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Health Sciences Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
OPTIONS PURCHASED - 0.0%      
Call Options - 0.0%      
Exchange Traded Option on Eli Lilly &      
Company (Expiration Date: 1/19/2013;      
Strike Price: $45.00) (I) $ 45,200 $ 75,032
TOTAL OPTIONS PURCHASED (Cost $72,205) $ 75,032
 
WARRANTS - 0.0%      
Puma Biotechnology (Expiration date:      
10/04/2021; Strike Price: $0.01) (I)(R)   1 0
TOTAL WARRANTS (Cost $0)   $ 0
 
SHORT-TERM INVESTMENTS - 2.2%      
Money Market Funds - 2.2%      
State Street Institutional U.S. Government      
Money Market Fund, 0.0317% (Y)   1,177,852 1,177,852
T. Rowe Price Reserve Investment      
Fund, 0.1100% (Y)   6,768,824 6,768,824
TOTAL SHORT-TERM INVESTMENTS (Cost $7,946,676) $ 7,946,676
Total Investments (Health Sciences Fund)      
(Cost $309,458,025) - 101.4%   $ 367,756,586
Other assets and liabilities, net - (1.4%)     (5,227,925)
TOTAL NET ASSETS - 100.0%   $ 362,528,661
 
 
 
Heritage Fund      
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS - 97.8%      
Consumer Discretionary - 20.3%      
Auto Components - 0.9%      
BorgWarner, Inc. (I)(L)   20,584 $ 1,476,902
Automobiles - 0.4%      
Harley-Davidson, Inc.   14,055 677,170
Hotels, Restaurants & Leisure - 5.6%      
Bally Technologies, Inc. (I)   14,873 692,338
Chipotle Mexican Grill, Inc. (I)   6,347 2,621,755
Las Vegas Sands Corp.   24,886 1,149,235
Panera Bread Company, Class A (I)   7,717 1,134,013
Peet’s Coffee & Tea, Inc. (I)   13,989 833,465
Penn National Gaming, Inc. (I)   17,340 796,773
Starwood Hotels & Resorts Worldwide, Inc.   35,696 1,886,534
 
      9,114,113
Internet & Catalog Retail - 1.9%      
Netflix, Inc. (I)(L)   7,798 494,705
priceline.com, Inc. (I)   4,145 2,592,656
 
      3,087,361
Media - 0.5%      
Sirius XM Radio, Inc. (I)(L)   391,859 740,614
Multiline Retail - 1.0%      
Family Dollar Stores, Inc.   22,478 1,522,885
Specialty Retail - 8.5%      
DSW, Inc., Class A   4,045 241,406
GNC Holdings, Inc., Class A   45,586 1,756,429
O’Reilly Automotive, Inc. (I)   36,090 3,457,061
PetSmart, Inc.   55,968 3,606,578
Tractor Supply Company (L)   20,060 1,832,481

 

Heritage Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Specialty Retail (continued)    
Ulta Salon Cosmetics & Fragrance, Inc. 32,739 $ 2,925,884
 
    13,819,839
Textiles, Apparel & Luxury Goods - 1.5%    
Lululemon Athletica, Inc. (I) 13,213 959,792
Michael Kors Holdings, Ltd. (I) 37,796 1,488,406
 
    2,448,198
 
    32,887,082
Consumer Staples - 9.2%    
Beverages - 1.6%    
Beam, Inc. 14,191 859,407
Monster Beverage Corp. (I) 23,458 1,703,051
 
    2,562,458
Food & Staples Retailing - 4.3%    
Costco Wholesale Corp. 25,436 2,197,416
The Fresh Market, Inc. (I) 19,050 1,107,186
Whole Foods Market, Inc. 41,114 3,643,112
 
    6,947,714
Food Products - 2.2%    
McCormick & Company, Inc., Non-    
Voting Shares (L) 16,712 941,888
Mead Johnson Nutrition Company 33,515 2,706,001
 
    3,647,889
Household Products - 1.1%    
Church & Dwight Company, Inc. 33,031 1,758,570
 
    14,916,631
Energy - 7.3%    
Energy Equipment & Services - 3.9%    
Atwood Oceanics, Inc. (I) 20,691 790,603
National Oilwell Varco, Inc. 48,528 3,239,244
Oceaneering International, Inc. 18,092 836,212
Oil States International, Inc. (I) 22,980 1,529,779
 
    6,395,838
Oil, Gas & Consumable Fuels - 3.4%    
Cabot Oil & Gas Corp. 27,737 902,562
Concho Resources, Inc. (I) 24,371 2,138,312
Linn Energy LLC 35,025 1,244,438
SandRidge Energy, Inc. (I)(L) 89,586 568,871
SM Energy Company 11,004 595,206
 
    5,449,389
 
    11,845,227
Financials - 5.5%    
Capital Markets - 2.0%    
Jefferies Group, Inc. (L) 45,689 610,405
KKR & Company LP 57,263 672,840
Lazard, Ltd., Class A 32,773 755,745
Raymond James Financial, Inc. 35,209 1,203,444
 
    3,242,434
Commercial Banks - 1.2%    
East West Bancorp, Inc. 43,966 984,399
SVB Financial Group (I) 14,429 860,834
 
    1,845,233
Consumer Finance - 1.3%    
Discover Financial Services 64,942 2,150,230
Real Estate Investment Trusts - 0.5%    
Digital Realty Trust, Inc. 11,673 826,098

 

56

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Heritage Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Real Estate Management & Development - 0.5%    
CBRE Group, Inc. (I) 48,948 $ 805,195
    8,869,190
Health Care - 14.0%    
Biotechnology - 4.0%    
Alexion Pharmaceuticals, Inc. (I) 34,100 3,088,437
Cepheid, Inc. (I)(L) 21,076 797,305
Grifols SA (I) 71,222 1,620,030
Regeneron Pharmaceuticals, Inc. (I)(L) 7,457 1,011,542
 
    6,517,314
Health Care Equipment & Supplies - 2.9%    
IDEXX Laboratories, Inc. (I) 14,419 1,223,308
Intuitive Surgical, Inc. (I) 2,875 1,503,913
Sirona Dental Systems, Inc. (I) 21,644 925,930
The Cooper Companies, Inc. 12,358 1,052,654
 
    4,705,805
Health Care Providers & Services - 1.2%    
Catalyst Health Solutions, Inc. (I) 21,767 1,890,899
Health Care Technology - 4.5%    
Cerner Corp. (I)(L) 32,229 2,512,573
SXC Health Solutions Corp. (I) 52,976 4,752,477
 
    7,265,050
Pharmaceuticals - 1.4%    
Perrigo Company (L) 21,566 2,240,492
 
    22,619,560
Industrials - 14.5%    
Aerospace & Defense - 4.1%    
BE Aerospace, Inc. (I) 46,915 2,032,358
Spirit Aerosystems Holdings, Inc., Class A (I) 56,692 1,307,884
TransDigm Group, Inc. (I) 27,147 3,339,081
 
    6,679,323
Building Products - 0.6%    
Fortune Brands Home & Security, Inc. (I) 43,407 981,866
Commercial Services & Supplies - 2.6%    
Cintas Corp. (L) 25,595 944,456
Clean Harbors, Inc. (I) 28,012 1,738,705
Stericycle, Inc. (I)(L) 18,112 1,580,453
 
    4,263,614
Construction & Engineering - 1.9%    
Chicago Bridge & Iron Company NV 29,021 1,043,015
KBR, Inc. 25,719 655,063
Quanta Services, Inc. (I) 62,331 1,407,434
 
    3,105,512
Machinery - 2.3%    
Chart Industries, Inc. (I) 20,933 1,307,475
Joy Global, Inc. (L) 8,879 495,981
Titan International, Inc. (L) 4,106 91,974
Trinity Industries, Inc. 40,523 1,000,918
Woodward, Inc. (L) 20,796 784,217
 
    3,680,565
Marine - 0.5%    
Kirby Corp. (I) 15,120 798,034
Road & Rail - 1.6%    
Kansas City Southern 38,714 2,554,350
Trading Companies & Distributors - 0.9%    
United Rentals, Inc. (I)(L) 43,424 1,500,299
 
    23,563,563

 

Heritage Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Information Technology - 19.8%    
Communications Equipment - 0.7%    
F5 Networks, Inc. (I) 10,999 $ 1,138,177
Computers & Peripherals - 1.8%    
Apple, Inc. (I) 5,015 2,897,316
Electronic Equipment, Instruments & Components - 2.1%  
Jabil Circuit, Inc. 83,389 1,595,232
Trimble Navigation, Ltd. (I)(L) 36,336 1,713,787
 
    3,309,019
Internet Software & Services - 2.8%    
Baidu, Inc., ADR (I) 15,098 1,778,091
LinkedIn Corp., Class A (I) 11,768 1,130,905
Rackspace Hosting, Inc. (I) 25,615 1,267,174
ValueClick, Inc. (I) 21,823 382,775
 
    4,558,945
IT Services - 4.6%    
Alliance Data Systems Corp. (I) 32,773 4,129,398
Teradata Corp. (I)(L) 36,284 2,412,160
VeriFone Systems, Inc. (I)(L) 26,481 956,229
 
    7,497,787
Semiconductors & Semiconductor Equipment - 3.0%  
ARM Holdings PLC 93,833 733,515
Avago Technologies, Ltd. 42,789 1,416,316
NXP Semiconductor NV (I) 36,110 762,282
Xilinx, Inc. 61,065 1,952,248
 
    4,864,361
Software - 4.8%    
Check Point Software Technologies, Ltd. (I)(L) 26,474 1,356,528
Citrix Systems, Inc. (I)(L) 15,838 1,157,441
CommVault Systems, Inc. (I) 15,261 715,283
NetSuite, Inc. (I) 40,182 1,885,339
Nuance Communications, Inc. (I)(L) 39,745 822,324
Salesforce.com, Inc. (I) 6,332 877,742
Sourcefire, Inc. (I)(L) 16,432 906,389
Splunk, Inc. (I)(L) 1,078 35,100
 
    7,756,146
 
    32,021,751
Materials - 5.8%    
Chemicals - 3.4%    
Airgas, Inc. 27,741 2,408,197
Albemarle Corp. 21,800 1,323,260
FMC Corp. (L) 34,376 1,752,145
 
    5,483,602
Containers & Packaging - 0.9%    
Rock-Tenn Company, Class A 30,125 1,554,149
Metals & Mining - 1.5%    
Carpenter Technology Corp. 34,151 1,538,845
Cliffs Natural Resources, Inc. (L) 18,896 902,852
 
    2,441,697
 
    9,479,448
Telecommunication Services - 1.4%    
Wireless Telecommunication Services - 1.4%    
SBA Communications Corp., Class A (I)(L) 42,190 2,191,772
TOTAL COMMON STOCKS (Cost $122,654,439) $ 158,394,224

 

57

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Heritage Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
SECURITIES LENDING COLLATERAL - 14.3%    
John Hancock Collateral      
Investment Trust, 0.3309% (W)(Y)   2,319,458 23,211,281
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $23,202,650)   $ 23,211,281
 
SHORT-TERM INVESTMENTS - 2.8%      
Money Market Funds - 2.8%      
State Street Institutional U.S. Government      
Money Market Fund, 0.0164% (Y)   4,522,295 4,522,295
TOTAL SHORT-TERM INVESTMENTS (Cost $4,522,295) $ 4,522,295
Total Investments (Heritage Fund)      
(Cost $150,379,384) - 114.9%   $ 186,127,800
Other assets and liabilities, net - (14.9%)     (24,089,452)
TOTAL NET ASSETS - 100.0%   $ 162,038,348
 
 
 
High Income Fund      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS - 50.1%      
Consumer Discretionary - 25.3%      
Allison Transmission, Inc.      
7.125%, 05/15/2019 (S) $ 2,500,000 $ 2,612,496
Ameristar Casinos, Inc.      
7.500%, 04/15/2021 (S)   851,000 882,913
Beazer Homes USA, Inc.      
9.125%, 06/15/2018 to 05/15/2019   5,270,000 4,380,350
Burlington Coat Factory Warehouse Corp.      
10.000%, 02/15/2019   5,030,000 5,193,475
Canadian Satellite Radio Holdings, Inc.      
8.000%, 09/10/2014 CAD 4,445,000 4,303,626
9.750%, 06/21/2018   4,976,000 5,141,371
CCM Merger, Inc. 9.125%, 05/01/2019 (S) $ 1,775,000 1,775,000
CCO Holdings LLC 6.625%, 01/31/2022   860,000 880,425
Chrysler Group LLC 8.250%, 06/15/2021   3,700,000 3,709,250
Clear Channel Communications, Inc., PIK      
11.000%, 08/01/2016   10,059,396 6,438,013
DISH DBS Corp. 6.750%, 06/01/2021   1,300,000 1,342,250
Exide Technologies 8.625%, 02/01/2018   12,258,000 9,070,920
Fontainebleau Las Vegas Holdings LLC      
10.250%, 06/15/2015 (H)(S)   20,530,000 12,831
Greektown Superholdings, Inc.      
13.000%, 07/01/2015 (V)   1,304,000 1,421,360
Jaguar Land Rover PLC      
8.125%, 05/15/2021 (S)   3,500,000 3,535,000
Little Traverse Bay Bands of Odawa      
Indians 9.000%, 08/31/2020 (S)   5,580,000 5,077,800
Marina District Finance Company, Inc.      
9.500%, 10/15/2015   800,000 758,000
Mashantucket Western Pequot Tribe,      
Series A 8.500%, 11/15/2015 (H)(S)   24,547,000 1,841,025
Meritage Homes Corp.      
7.000%, 04/01/2022 (S)   1,255,000 1,273,825
MGM Resorts International      
7.625%, 01/15/2017   2,655,000 2,684,869
Mohegan Tribal Gaming Authority      
10.500%, 12/15/2016 (S)   9,945,000 9,099,675
11.000%, 09/15/2018 (S)   9,540,000 6,821,100
11.500%, 11/01/2017 (S)   3,560,000 3,720,200
PVH Corp. 7.375%, 05/15/2020   1,340,000 1,463,950

 

High Income Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Standard Pacific Corp.      
8.375%, 01/15/2021 $ 1,565,000 $ 1,674,550
Tenneco, Inc. 6.875%, 12/15/2020   1,632,000 1,734,000
The Goodyear Tire & Rubber Company      
7.000%, 05/15/2022   475,000 465,500
8.750%, 08/15/2020   1,250,000 1,334,375
Tower Automotive Holdings USA LLC      
10.625%, 09/01/2017 (S)   775,000 815,688
Visteon Corp. 6.750%, 04/15/2019   926,000 922,528
Waterford Gaming LLC      
8.625%, 09/15/2014 (S)   1,791,913 1,031,165
WMG Acquisition Corp.      
11.500%, 10/01/2018   1,705,000 1,815,825
 
      93,233,355
Consumer Staples - 1.5%      
Reynolds Group Issuer, Inc.      
9.875%, 08/15/2019 (S)   3,725,000 3,715,688
Rite Aid Corp. 9.250%, 03/15/2020 (S)   1,835,000 1,761,600
 
      5,477,288
Energy - 1.7%      
Arch Coal, Inc. 7.250%, 06/15/2021 (S)   1,902,000 1,621,455
Gulfmark Offshore, Inc.      
6.375%, 03/15/2022 (S)   290,000 291,450
Linn Energy LLC 6.250%, 11/01/2019 (S)   1,770,000 1,685,925
Peabody Energy Corp.      
6.250%, 11/15/2021 (S)   2,485,000 2,478,788
 
      6,077,618
Financials - 2.9%      
CIT Group, Inc. 7.000%, 05/02/2017 (S)   2,419,372 2,416,348
iStar Financial, Inc.      
9.000%, 06/01/2017 (S)   674,000 650,410
Nationstar Mortgage LLC      
10.875%, 04/01/2015   1,000,000 1,080,000
Realogy Corp.      
11.500%, 04/15/2017   1,200,000 1,062,000
12.000%, 04/15/2017   4,853,607 4,295,442
Regions Bank 6.450%, 06/26/2037   1,310,000 1,287,075
 
      10,791,275
Health Care - 3.3%      
Catalent Pharma Solutions, Inc., PIK      
9.500%, 04/15/2015 (P)   1,924,000 1,967,290
Community Health Systems, Inc.      
8.875%, 07/15/2015   514,000 527,171
Endo Pharmaceuticals Holdings, Inc.      
7.250%, 01/15/2022   1,940,000 2,027,300
HCA, Inc.      
8.000%, 10/01/2018   3,000,000 3,315,000
8.500%, 04/15/2019   835,000 921,631
National Mentor Holdings, Inc.      
12.500%, 02/15/2018 (S)   3,480,000 3,410,400
 
      12,168,792
Industrials - 2.8%      
Bombardier, Inc. 5.750%, 03/15/2022 (S)   1,655,000 1,609,488
Colt Defense LLC 8.750%, 11/15/2017   348,000 202,710
Mcron Finance Sub LLC      
8.375%, 05/15/2019 (S)   333,000 328,005
Swift Services Holdings, Inc.      
10.000%, 11/15/2018   2,620,000 2,816,500
UR Financing Escrow Corp.      
7.375%, 05/15/2020 (S)   660,000 676,500

 

58

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

High Income Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Industrials (continued)      
U.S. Airways 2010-1 Class A Pass      
Through Trust 6.250%, 04/22/2023 $ 2,338,607 $ 2,449,691
U.S. Airways 2012-1 Class C Pass      
Through Trust 9.125%, 10/01/2015   1,680,000 1,692,600
Western Express, Inc.      
12.500%, 04/15/2015 (S)   870,000 448,050
 
      10,223,544
Information Technology - 0.2%      
CDW LLC 8.000%, 12/15/2018   785,000 832,100
Materials - 7.5%      
American Pacific Corp.      
9.000%, 02/01/2015   7,485,000 7,447,575
ARD Finance SA, PIK      
11.125%, 06/01/2018 (S)   1,060,000 996,400
Edgen Murray Corp. 12.250%, 01/15/2015   1,355,000 1,385,488
FMG Resources August 2006 Pty, Ltd.      
6.875%, 02/01/2018 (S)   1,370,000 1,346,025
7.000%, 11/01/2015 (S)   1,075,000 1,075,000
LyondellBasell Industries NV      
5.750%, 04/15/2024 (S)   2,225,000 2,280,625
Magnesita Finance, Ltd.      
8.625%, 04/05/2017 (S)   285,000 278,092
Rain CII Carbon LLC      
8.000%, 12/01/2018 (S)   8,079,000 8,442,555
Sappi Papier Holding GmbH      
7.500%, 06/15/2032 (S)   673,000 545,130
Solo Cup Company 8.500%, 02/15/2014   1,860,000 1,860,000
Tembec Industries, Inc.      
11.250%, 12/15/2018   1,000,000 992,500
Thompson Creek Metals Company, Inc.      
7.375%, 06/01/2018   985,000 812,625
 
      27,462,015
Telecommunication Services - 3.8%      
Digicel, Ltd. 7.000%, 02/15/2020 (S)   625,000 604,688
Intelsat Jackson Holdings SA      
11.250%, 06/15/2016   1,000,000 1,043,750
Intelsat Luxembourg SA      
11.250%, 02/04/2017   7,195,000 7,069,088
Nextel Communications, Inc.      
7.375%, 08/01/2015   3,795,000 3,709,613
OTE PLC      
4.625%, 05/20/2016 EUR 350,000 235,906
5.000%, 08/05/2013   350,000 300,562
Sprint Nextel Corp.      
9.000%, 11/15/2018 (S) $ 440,000 476,300
Wind Acquisition Holdings Finance SA,      
PIK 12.250%, 07/15/2017 (S)   650,000 481,000
 
      13,920,907
Utilities - 1.1%      
Calpine Corp. 7.875%, 01/15/2023 (S)   1,700,000 1,797,750
NRG Energy, Inc. 7.875%, 05/15/2021   2,310,000 2,223,375
 
      4,021,125
TOTAL CORPORATE BONDS (Cost $193,239,381) $ 184,208,019
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 0.0%      
Argentina - 0.0%      
City of Buenos Aires      
9.950%, 03/01/2017 (S)   200,000 144,000
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $177,127)   $ 144,000

 

High Income Fund (continued)    
  Shares or   
  Principal   
  Amount  Value
 
CONVERTIBLE BONDS - 14.9%      
Consumer Discretionary - 11.1%      
Ford Motor Company 4.250%, 11/15/2016 $ 8,490,000 $ 12,299,888
MGM Resorts International      
4.250%, 04/15/2015   1,276,000 1,261,645
Saks, Inc. 7.500%, 12/01/2013 (S)   1,735,000 3,266,138
The Ryland Group, Inc.      
1.625%, 05/15/2018   335,000 339,188
XM Satellite Radio, Inc.      
7.000%, 12/01/2014 (S)   18,360,000 23,799,150
 
      40,966,009
Consumer Staples - 0.1%      
Alliance One International, Inc.      
5.500%, 07/15/2014   540,000 486,000
Industrials - 3.3%      
United Continental Holdings, Inc.      
6.000%, 10/15/2029   1,335,000 3,984,975
US Airways Group, Inc.      
7.250%, 05/15/2014   2,700,000 8,039,250
 
      12,024,225
Information Technology - 0.4%      
Equinix, Inc. 4.750%, 06/15/2016   728,000 1,496,950
TOTAL CONVERTIBLE BONDS (Cost $45,975,765) $ 54,973,184
 
TERM LOANS (M) - 5.3%      
Consumer Discretionary - 2.3%      
Clear Channel Communications, Inc.      
3.889%, 01/28/2016   7,949,687 6,189,396
Fontainebleau Las Vegas Holdings LLC      
- 06/06/2014 (H)(T)   1,618,638 275,168
- 06/06/2014 (H)(T)   757,938 128,850
Harrah’s Las Vegas Propco LLC      
3.233%, 02/13/2013   500,000 380,000
The Star Tribune Company      
8.000%, 09/28/2014   327,342 309,338
8.000%, 09/29/2014   290,971 274,967
Univision Communications, Inc.      
4.489%, 03/31/2017   1,000,000 916,625
 
      8,474,344
Financials - 2.6%      
iStar Financial, Inc.      
7.000%, 06/30/2014   5,265,000 5,249,642
Realogy Corp.      
13.500%, 10/15/2017   2,675,000 2,720,141
Springleaf Finance Funding Company      
5.500%, 05/10/2017   2,000,000 1,835,834
 
      9,805,617
Health Care - 0.4%      
National Mentor Holdings, Inc.      
7.000%, 02/09/2017   1,371,537 1,355,764
TOTAL TERM LOANS (Cost $20,353,108)   $ 19,635,725
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 0.2%      
Commercial & Residential - 0.2%      
Harborview Mortgage Loan Trust      
Series 2007-3, Class ES IO,      
0.350%, 05/19/2047   34,230,283 213,939
Series 2007-4, Class ES IO,      
0.350%, 07/19/2047   41,754,563 260,966

 

59

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

High Income Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Harborview Mortgage Loan Trust (continued)    
Series 2007-6, Class ES IO,      
0.342%, 08/19/2037 (S) $ 28,819,488 $ 180,122
      655,027
TOTAL COLLATERALIZED MORTGAGE    
OBLIGATIONS (Cost $413,275)   $ 655,027
 
ASSET BACKED SECURITIES - 0.3%      
Argent Securities, Inc. 0.389%, 09/25/2036   3,498,168 1,045,441
TOTAL ASSET BACKED SECURITIES (Cost $1,072,948) $ 1,045,441
 
COMMON STOCKS - 5.4%      
Consumer Discretionary - 3.8%      
Beazer Homes USA, Inc. (I)   545,666 $ 1,424,188
Canadian Satellite Radio Holdings, Inc. (I)   268,076 986,289
Canadian Satellite Radio      
Holdings, Inc., Class A (I)   577,161 2,123,456
Charter Communications, Inc., Class A (I)   75,153 4,712,093
Greektown Superholdings, Inc. (I)(V)   7,894 416,172
Lear Corp.   92,449 3,684,093
Liberty Media Corp. - Liberty      
Capital, Series A (I)   1,683 142,668
The Star Tribune Company   11,462 286,550
Trump Entertainment Resorts, Inc. (I)   175,054 350,108
Vertis Holdings, Inc. (I)   203,071 0
 
      14,125,617
Energy - 0.1%      
Pacific Coast Oil Trust   22,500 378,675
Financials - 0.8%      
Banco Santander SA, ADR   144,000 766,080
Talmer Bancorp, Inc. (I)(R)   279,167 1,996,734
 
      2,762,814
Industrials - 0.7%      
Delta Air Lines, Inc. (I)   215,256 2,604,598
Materials - 0.0%      
Resolute Forest Products (I)   24 271
TOTAL COMMON STOCKS (Cost $25,147,438) $ 19,871,975
 
PREFERRED SECURITIES - 18.9%      
Consumer Discretionary - 7.5%      
Beazer Homes USA, Inc., 7.250%   30,239 $ 393,409
Beazer Homes USA, Inc., 7.500%   30,240 480,816
Dana Holding Corp., 4.000% (S)   40,000 4,546,000
General Motors Company,      
Series B, 4.750%   147,469 5,415,062
Greektown      
Superholdings, Inc., Series A (I)(V)   168,490 12,468,260
The Goodyear Tire & Rubber      
Company, 5.875%   101,459 4,114,162
 
      27,417,709
Financials - 7.0%      
2010 Swift Mandatory Common Exchange      
Security Trust, 6.000% (S)   286,430 2,892,943
Bank of America Corp., Series L, 7.250%   6,935 6,477,290
Citigroup, Inc., 7.500%   72,438 6,090,587
Hartford Financial Services      
Group, Inc., 7.875%   107,430 2,789,957
iStar Financial, Inc., Series E, 7.875%   232,840 4,107,298

 

High Income Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
PREFERRED SECURITIES (continued)      
Financials (continued)      
Zions Bancorporation, 7.900%   134,740 $ 3,540,967
 
      25,899,042
Industrials - 4.2%      
Continental Airlines      
Finance Trust II, 6.000%   428,293 15,418,548
Materials - 0.2%      
Thompson Creek Metals      
Company, Inc., 6.500%   40,434 820,810
TOTAL PREFERRED SECURITIES (Cost $70,901,310) $ 69,556,109
 
ESCROW CERTIFICATES - 0.1%      
Consumer Discretionary - 0.0%      
Adelphia Communications Corp.      
7.750%, 01/15/2049 (I)   3,000,000 22,500
9.875%, 03/01/2049 (I)   1,965,000 14,738
10.250%, 11/01/2049 (I)   985,000 7,388
SuperMedia, Inc. 8.000%, 11/15/2016 (I)   18,405,000 0
 
      44,626
Materials - 0.1%      
Smurfit-Stone Container Corp.      
8.000%, 03/15/2017 (I)   8,000,000 180,000
TOTAL ESCROW CERTIFICATES (Cost $391,746) $ 224,626
 
WARRANTS - 0.2%      
Charter Communications, Inc., Class A      
(Expiration Date: 11/30/2014; Strike      
Price: $46.86) (I)   43,795 878,090
The Star Tribune Company (Expiration      
Date: 09/28/2013; Strike      
Price $151.23) (I)   4,835 0
TOTAL WARRANTS (Cost $175,185)   $ 878,090
 
SHORT-TERM INVESTMENTS - 4.2%      
Repurchase Agreement - 0.1%      
Repurchase Agreement with State      
Street Corp. dated 05/31/2012 at 0.010%      
to be repurchased at $387,968 on      
06/01/2012, collateralized by $370,000      
U.S Treasury Bond, 3.750% due      
08/15/2041 (valued at $370,000,      
including interest) and 23,100      
U.S. Treasury Notes, 0.250% due      
11/30/2013 (valued at $28,334,      
including interest) $ 387,968 $ 387,968
U.S. Government Agency - 4.1%      
Federal Home Loan Discount Notes,      
0.010%, 06/01/2012 *   15,000,000 15,000,000
TOTAL SHORT-TERM INVESTMENTS (Cost $15,387,968) $ 15,387,968
Total Investments (High Income Fund)      
(Cost $373,235,251) - 99.6%   $ 366,580,164
Other assets and liabilities, net - 0.4%     1,328,299
 
TOTAL NET ASSETS - 100.0%   $ 367,908,463

 

60

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

High Yield Fund      
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 2.9%      
Argentina - 0.8%      
Republic of Argentina      
2.260%, 12/31/2038 EUR 508,123 153,103
7.000%, 09/12/2013 to 10/03/2015 $ 5,837,000 4,438,455
7.820%, 12/31/2033 (P) EUR 1,152,745 698,431
8.750%, 06/02/2017 $ 1,595,914 1,260,772
12/15/2035 (I)   48,000 4,560
12/15/2035 (I) EUR 12,603,351 1,348,020
12/15/2035 (I) ARS 1,938,355 47,928
 
      7,951,269
Brazil - 0.5%      
Federative Republic of Brazil      
10.000%, 01/01/2014 to 01/01/2017 BRL 9,345,000 4,887,688
 
      4,887,688
Indonesia - 0.6%      
Republic of Indonesia      
9.750%, 05/15/2037 IDR 11,122,000,000 1,494,545
10.250%, 07/15/2022 to 07/15/2027   24,033,000,000 3,237,085
11.000%, 09/15/2025   11,174,000,000 1,596,652
 
      6,328,282
Venezuela - 1.0%      
Republic of Venezuela      
Zero Coupon 04/15/2020 (Z) $ 305,000 83,113
5.750%, 02/26/2016   10,667,000 9,120,285
7.650%, 04/21/2025   949,000 621,595
8.500%, 10/08/2014   339,000 332,220
9.375%, 01/13/2034   568,000 416,060
 
      10,573,273
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $31,415,719)   $ 29,740,512
 
CORPORATE BONDS - 82.8%      
Consumer Discretionary - 16.6%      
Affinity Gaming LLC      
9.000%, 05/15/2018 (S)   2,460,000 2,460,000
American Greetings Corp.      
7.375%, 12/01/2021   1,330,000 1,383,200
Bankrate, Inc. 11.750%, 07/15/2015   3,412,000 3,838,500
Bossier Casino Venture Holdco, Inc., PIK      
14.000%, 02/09/2018 (S)   2,330,258 1,998,942
Boyd Gaming Corp.      
7.125%, 02/01/2016 (L)   1,690,000 1,613,950
9.000%, 07/01/2020 (S)   2,330,000 2,330,000
9.125%, 12/01/2018   260,000 266,500
Caesars Entertainment Operating      
Company, Inc. 11.250%, 06/01/2017   1,030,000 1,094,375
Carmike Cinemas, Inc.      
7.375%, 05/15/2019 (S)   1,010,000 1,040,300
Carrols Restaurant Group, Inc.      
11.250%, 05/15/2018 (S)   1,670,000 1,695,050
CCM Merger, Inc. 9.125%, 05/01/2019 (S)   2,780,000 2,780,000
CCO Holdings LLC      
6.625%, 01/31/2022   320,000 327,600
7.375%, 06/01/2020   1,020,000 1,091,400
7.875%, 04/30/2018   160,000 171,600
8.125%, 04/30/2020   2,560,000 2,816,000
Cengage Learning Acquisitions, Inc.      
11.500%, 04/15/2020 (S)   3,450,000 3,441,375
Choctaw Resort Development Enterprise      
7.250%, 11/15/2019 (S)   683,000 566,890
Chrysler Group LLC      
8.000%, 06/15/2019   520,000 521,300

 

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Chrysler Group LLC (continued)      
8.250%, 06/15/2021 $ 5,190,000 $ 5,202,975
CSC Holdings LLC      
6.750%, 11/15/2021 (S)   1,120,000 1,134,000
DAE Aviation Holdings, Inc.      
11.250%, 08/01/2015 (S)   2,450,000 2,523,500
DISH DBS Corp. 5.875%, 07/15/2022 (S)   6,410,000 6,249,750
Downstream Development Authority of the      
Quapaw Tribe of Oklahoma      
10.500%, 07/01/2019 (S)   2,800,000 2,884,000
Edcon Proprietary, Ltd.      
4.126%, 06/15/2014 (P) EUR 1,200,000 1,246,393
9.500%, 03/01/2018 (S) $ 3,470,000 2,949,500
El Pollo Loco, Inc.      
17.000%, 01/01/2018 (S)   4,336,066 3,821,158
Empire Today LLC      
11.375%, 02/01/2017 (S)   1,550,000 1,550,000
Entercom Radio LLC 10.500%, 12/01/2019   960,000 1,036,800
Enterprise Inns PLC 6.500%, 12/06/2018 GBP 660,000 777,135
Fontainebleau Las Vegas Holdings LLC      
10.250%, 06/15/2015 (H) (S) $ 3,000,000 1,875
General Motors Financial Company, Inc.      
6.750%, 06/01/2018   2,610,000 2,803,130
Good Sam Enterprises LLC      
11.500%, 12/01/2016   3,150,000 3,260,250
Gymboree Corp. 9.125%, 12/01/2018 (L)   4,010,000 3,558,875
Harrah’s Operating Company, Inc.      
10.000%, 12/15/2015   2,180,000 1,907,500
10.750%, 02/01/2016   3,854,000 3,044,660
HOA Restaurant Group LLC      
11.250%, 04/01/2017 (S)   2,880,000 2,772,000
Inn of The Mountain Gods Resort &      
Casino 8.750%, 11/30/2020 (S)   1,272,000 1,221,120
ITV PLC      
7.375%, 01/05/2017 GBP 540,000 880,102
10.000%, 06/30/2014 EUR 310,000 435,063
Jaguar Holding Company II      
9.500%, 12/01/2019 (S) $ 970,000 1,033,050
Landry’s, Inc. 9.375%, 05/01/2020 (S)   2,250,000 2,255,625
LBI Media, Inc.      
8.500%, 08/01/2017 (S)   260,000 52,000
9.250%, 04/15/2019 (S)   2,840,000 2,343,000
Marstons Issuer PLC (5.641% to      
07/15/2019, then 3 month      
LIBOR + 2.550%) , 07/15/2035 GBP 380,000 431,863
Mastro’s Restaurants LLC      
12.000%, 06/01/2017 (S) $ 2,450,000 2,450,000
MGM Resorts International      
10.375%, 05/15/2014   540,000 607,500
Mohegan Tribal Gaming Authority      
10.500%, 12/15/2016 (S)   6,883,000 6,297,945
11.000%, 09/15/2018 (S)   2,900,000 2,073,500
Monitronics International, Inc.      
9.125%, 04/01/2020 (S)   5,410,000 5,247,700
Nara Cable Funding, Ltd.      
8.875%, 12/01/2018 (S)   4,330,000 3,788,750
NCL Corp., Ltd.      
9.500%, 11/15/2018   9,660,000 10,529,400
11.750%, 11/15/2016   2,310,000 2,656,500
NetFlix, Inc. 8.500%, 11/15/2017   3,315,000 3,563,625
Nielsen Finance LLC      
7.750%, 10/15/2018   180,000 193,500
11.500%, 05/01/2016   880,000 994,400
Ono Finance II PLC      
10.875%, 07/15/2019 (S)   3,495,000 2,796,000

 

61

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Oxford Industries, Inc.      
11.375%, 07/15/2015 $ 2,505,000 $ 2,670,981
Pinnacle Entertainment, Inc.      
8.625%, 08/01/2017   425,000 461,125
Polish Television Holding BV      
11.250%, 05/15/2017 EUR 780,000 935,536
11.250%, 05/15/2017 (S)   400,000 479,762
Reynolds Group Issuer, Inc.      
6.875%, 02/15/2021 (S) $ 1,650,000 1,674,750
Rivers Pittsburgh Borrower LP      
9.500%, 06/15/2019 (S)   750,000 757,500
Service Corp. International      
7.500%, 04/01/2027   2,150,000 2,160,750
Seven Seas Cruises S de RL LLC      
9.125%, 05/15/2019 (S)   5,140,000 5,294,200
Simmons Foods, Inc.      
10.500%, 11/01/2017 (S)   4,740,000 4,443,750
Snoqualmie Entertainment Authority      
4.532%, 02/01/2014 (P) (S)   2,165,000 2,024,275
9.125%, 02/01/2015 (S)   760,000 763,800
Sotheby’s 7.750%, 06/15/2015   3,540,000 3,858,600
Speedway Motorsports, Inc.      
6.750%, 02/01/2019   370,000 380,175
Spencer Spirit Holdings, Inc.      
11.000%, 05/01/2017 (S)   1,510,000 1,560,963
Station Casinos, Inc.      
6.500%, 02/01/2014 (H)   500,000 0
6.625%, 03/15/2018 (H)   1,705,000 0
The Bon-Ton Department Stores, Inc.      
10.250%, 03/15/2014   1,040,000 717,600
The Goodyear Tire & Rubber Company      
7.000%, 05/15/2022 (L)   990,000 970,200
The Neiman Marcus Group, Inc.      
7.125%, 06/01/2028   2,515,000 2,335,806
The ServiceMaster Company      
8.000%, 02/15/2020   1,380,000 1,447,275
Univision Communications, Inc.      
6.875%, 05/15/2019 (S)   4,400,000 4,290,000
7.875%, 11/01/2020 (S)   900,000 920,250
Virgin Media Finance PLC      
9.500%, 08/15/2016   1,014,000 1,123,005
Wynn Las Vegas LLC      
5.375%, 03/15/2022 (S)   1,040,000 1,007,500
Ziggo Bond Company BV      
8.000%, 05/15/2018 (S) EUR 910,000 1,203,981
 
      167,492,910
Consumer Staples - 3.0%      
Alliance One International, Inc.      
10.000%, 07/15/2016 $ 5,330,000 5,196,750
Boparan Holdings, Ltd.      
9.875%, 04/30/2018 (S) GBP 540,000 811,442
DJO Finance LLC 10.875%, 11/15/2014 $ 1,730,000 1,760,275
Harmony Foods Corp.      
10.000%, 05/01/2016 (S)   1,350,000 1,370,250
Hypermarcas SA 6.500%, 04/20/2021 (S)   5,610,000 5,161,200
NES Rentals Holdings, Inc.      
12.250%, 04/15/2015 (S)   3,120,000 2,995,200
Post Holdings, Inc. 7.375%, 02/15/2022 (S)   3,120,000 3,174,600
Prestige Brands Inc      
8.125%, 02/01/2020 (S)   920,000 993,600
Reynolds Group Issuer, Inc.      
7.875%, 08/15/2019 (S)   340,000 359,550
9.875%, 08/15/2019 (S)   3,144,000 3,136,140

 

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Staples (continued)      
Viskase Companies, Inc.      
9.875%, 01/15/2018 (S) $ 4,910,000 $ 5,094,125
 
      30,053,132
Energy - 18.4%      
Adaro Indonesia PT      
7.625%, 10/22/2019 (S)   1,720,000 1,818,900
Arch Coal, Inc.      
7.000%, 06/15/2019 (S)   1,800,000 1,543,500
8.750%, 08/01/2016 (L)   2,280,000 2,183,100
Astoria Depositor Corp., Series B      
8.144%, 05/01/2021 (S)   3,730,000 3,245,100
Atwood Oceanics, Inc. 6.500%, 02/01/2020   1,710,000 1,769,850
Berry Petroleum Company      
6.375%, 09/15/2022   2,600,000 2,652,000
6.750%, 11/01/2020   530,000 548,550
Calumet Specialty Products Partners LP      
9.375%, 05/01/2019   2,550,000 2,607,375
Chesapeake Energy Corp.      
6.125%, 02/15/2021 (L)   720,000 678,600
9.500%, 02/15/2015 (L)   3,490,000 3,681,950
Chesapeake Midstream Partners LP      
5.875%, 04/15/2021   1,020,000 974,100
6.125%, 07/15/2022   4,630,000 4,398,500
Chesapeake Oilfield Operating LLC      
6.625%, 11/15/2019 (S)   3,040,000 2,629,600
Cie Generale de Geophysique-Veritas      
6.500%, 06/01/2021   1,770,000 1,734,600
9.500%, 05/15/2016   1,810,000 1,945,750
Coffeyville Resources LLC      
9.000%, 04/01/2015 (S)   2,170,000 2,311,050
Comstock Resources, Inc.      
9.500%, 06/15/2020   2,280,000 2,172,931
Concho Resources, Inc.      
7.000%, 01/15/2021   2,890,000 3,099,525
CONSOL Energy, Inc. 8.250%, 04/01/2020   2,410,000 2,410,000
Continental Resources, Inc.      
5.000%, 09/15/2022 (S)   2,490,000 2,471,325
Corral Petroleum Holdings AB, PIK      
15.000%, 12/31/2017 (S)   7,350,574 5,820,038
Crosstex Energy LP      
7.125%, 06/01/2022 (S)   1,530,000 1,518,525
8.875%, 02/15/2018   2,840,000 2,982,000
Denbury Resources, Inc.      
8.250%, 02/15/2020   2,574,000 2,779,920
El Paso Corp. 7.375%, 12/15/2012   156,000 160,250
Energy Future Intermediate      
Holding Company LLC      
10.000%, 12/01/2020   5,501,000 5,927,328
11.750%, 03/01/2022 (S)   7,160,000 7,303,200
Energy Transfer Equity LP      
7.500%, 10/15/2020   2,540,000 2,743,200
Enterprise Products Operating LLC      
(7.034% to 01/15/2018, then higher of      
7.034% or 3 month LIBOR + 2.680%)      
, 01/15/2068   3,590,000 3,823,350
Enterprise Products Operating LLC      
(8.375% to 08/01/2016, then 3 month      
LIBOR + 3.708%) , 08/01/2066   1,030,000 1,112,400
EXCO Resources, Inc. 7.500%, 09/15/2018   5,380,000 4,546,100
First Wind Capital LLC      
10.250%, 06/01/2018 (S)   3,640,000 3,585,400
Gulfmark Offshore, Inc.      
6.375%, 03/15/2022 (S)   1,280,000 1,286,400

 

62

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Hercules Offshore, Inc.      
10.250%, 04/01/2019 (S) $ 1,560,000 $ 1,466,400
10.500%, 10/15/2017 (S)   5,370,000 5,370,000
Indo Integrated Energy II BV      
9.750%, 11/05/2016   860,000 913,750
Key Energy Services, Inc.      
6.750%, 03/01/2021 (S)   760,000 759,050
6.750%, 03/01/2021   2,205,000 2,213,269
Kodiak Oil & Gas Corp.      
8.125%, 12/01/2019 (S)   3,170,000 3,265,100
Magnum Hunter Resources Corp.      
9.750%, 05/15/2020 (S)   1,140,000 1,120,050
MarkWest Energy Partners LP      
6.250%, 06/15/2022   3,340,000 3,423,500
6.500%, 08/15/2021   1,020,000 1,053,150
MEG Energy Corp.      
6.500%, 03/15/2021 (S)   2,330,000 2,376,600
Milagro Oil & Gas, Inc.      
10.500%, 05/15/2016   2,660,000 2,048,200
Offshore Group Investments, Ltd.      
11.500%, 08/01/2015 (S)   440,000 468,600
11.500%, 08/01/2015   6,350,000 6,762,750
Oil States International, Inc.      
6.500%, 06/01/2019   2,430,000 2,508,975
Overseas Shipholding Group, Inc.      
8.125%, 03/30/2018 (L)   6,670,000 4,735,700
Pan American Energy LLC      
7.875%, 05/07/2021 (S)   210,000 181,125
7.875%, 05/07/2021   5,150,000 4,441,875
Parker Drilling Company      
9.125%, 04/01/2018 (S)   1,100,000 1,166,000
9.125%, 04/01/2018   870,000 922,200
Peabody Energy Corp.      
6.000%, 11/15/2018 (S)   2,150,000 2,144,625
7.875%, 11/01/2026   2,810,000 2,908,350
Petroleum Geo-Services ASA      
7.375%, 12/15/2018 (S)   1,290,000 1,335,150
Petroplus Finance, Ltd.      
6.750%, 05/01/2014 (H) (S)   2,045,000 265,850
7.000%, 05/01/2017 (H) (S)   950,000 123,500
Pioneer Drilling Company      
9.875%, 03/15/2018 (S)   1,620,000 1,701,000
Plains Exploration & Production Company      
6.125%, 06/15/2019   1,490,000 1,445,300
6.750%, 02/01/2022   790,000 782,100
8.625%, 10/15/2019   2,170,000 2,354,450
QEP Resources, Inc. 5.375%, 10/01/2022   1,540,000 1,505,350
Quicksilver Resources, Inc.      
11.750%, 01/01/2016   7,839,000 8,034,975
Range Resources Corp.      
5.000%, 08/15/2022   2,000,000 1,920,000
Regency Energy Partners LP      
6.500%, 07/15/2021   600,000 618,000
6.875%, 12/01/2018   1,410,000 1,473,450
Samson Investment Company      
9.750%, 02/15/2020 (S)   4,620,000 4,596,900
SESI LLC 7.125%, 12/15/2021 (S)   4,000,000 4,360,000
Targa Resources Partners LP      
6.375%, 08/01/2022 (S)   1,970,000 1,960,150
Teekay Corp. 8.500%, 01/15/2020   4,760,000 4,902,800
Unit Corp. 6.625%, 05/15/2021   2,200,000 2,189,000
Westmoreland Coal Company      
10.750%, 02/01/2018 (S)   1,940,000 1,784,800
Whiting Petroleum Corp.      
 
6.500%, 10/01/2018   1,220,000 1,274,900

 

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
WPX Energy, Inc. 6.000%, 01/15/2022 (S) $ 1,550,000 $ 1,491,875
Xinergy Corp. 9.250%, 05/15/2019 (S)   5,020,000 3,062,200
 
      185,895,436
Financials - 7.3%      
Ally Financial, Inc.      
7.500%, 09/15/2020   470,000 515,825
8.000%, 03/15/2020   5,730,000 6,460,575
Ashton Woods USA LLC (Zero Coupon      
steps up to 11.000% on 06/30/2012)      
, 06/30/2015 (S)   1,928,000 1,744,840
Bank of America Corp.      
6.500%, 08/01/2016   15,635,000 16,935,066
Barclays Bank PLC      
6.050%, 12/04/2017 (S)   1,730,000 1,736,240
10.179%, 06/12/2021 (S)   770,000 901,611
Boats Investments BV, PIK      
8.287%, 12/15/2015 EUR 783,090 401,841
CIT Group, Inc. 5.375%, 05/15/2020 $ 2,340,000 2,246,400
Cooperatieve Centrale Raiffeisen-      
Boerenleenbank BA (11.000% to      
06/30/2019, then 3 month      
LIBOR + 10.868%) , 03/30/2019 (Q) (S)   980,000 1,222,550
Credit Agricole SA (8.375% to      
10/13/2019, then 3 month      
LIBOR + 6.982%) , 10/13/2019 (Q) (S)   1,920,000 1,449,600
ICICI Bank, Ltd. (6.375% to 04/30/2017,      
then 6 month LIBOR + 2.280%)      
, 04/30/2022 (S)   454,000 407,465
ICICI Bank, Ltd. (6.375% to 04/30/2017,      
then 6 month LIBOR + 2.280%)      
, 04/30/2022   2,443,000 2,192,593
ING Groep NV (5.140% to 03/17/2016,      
then 3 month LIBOR + 1.620%)      
, 03/17/2016 (Q) GBP 970,000 1,031,467
International Lease Finance Corp.      
8.250%, 12/15/2020 $ 5,980,000 6,667,700
8.625%, 09/15/2015 to 01/15/2022   9,820,000 10,896,707
8.750%, 03/15/2017   910,000 1,010,100
8.875%, 09/01/2017   300,000 335,250
Intesa Sanpaolo SpA      
3.625%, 08/12/2015 (S)   4,490,000 3,863,528
Liberty Mutual Group, Inc.      
7.800%, 03/15/2037 (S)   1,740,000 1,696,500
Omega Healthcare Investors, Inc.      
5.875%, 03/15/2024 (S)   1,420,000 1,402,250
Royal Bank of Scotland Group PLC      
5.000%, 10/01/2014   1,940,000 1,899,753
Royal Bank of Scotland Group PLC      
(7.648% to 09/30/2031, then 3 month      
LIBOR + 2.500%) , 09/30/2031 (Q)   3,440,000 2,623,000
Societe Generale SA (3 month      
LIBOR + 0.750% to 04/05/2017, then      
3 month LIBOR + 1.750%)      
, 04/05/2017 (Q) (S)   3,640,000 2,353,005
Swiss Reinsurance Company (5.252% to      
05/25/2016, then 6 month      
EURIBOR + 2.090%) , 05/25/2016 (Q) EUR 850,000 866,045
Taylor Morrison Communities, Inc.      
7.750%, 04/15/2020 (S) $ 2,670,000 2,750,100
 
      73,610,011
Health Care - 4.5%      
Acadia Healthcare Company, Inc.      
12.875%, 11/01/2018   2,260,000 2,508,600

 

63

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Health Care (continued)      
American Renal Associates Holdings, Inc.,      
PIK 9.750%, 03/01/2016 $ 3,702,061 $ 3,850,143
American Renal Holdings Company, Inc.      
8.375%, 05/15/2018   1,210,000 1,270,500
AMERIGROUP Corp. 7.500%, 11/15/2019   1,380,000 1,476,600
Community Health Systems, Inc.      
8.000%, 11/15/2019   2,090,000 2,134,413
CRC Health Corp. 10.750%, 02/01/2016   7,490,000 6,441,400
ExamWorks Group, Inc.      
9.000%, 07/15/2019 (S)   1,860,000 1,887,900
Fresenius Medical Care US Finance II, Inc.      
5.875%, 01/31/2022 (S)   1,940,000 1,930,300
6.500%, 09/15/2018 (S)   2,300,000 2,397,750
Fresenius US Finance II, Inc.      
9.000%, 07/15/2015 (S)   3,415,000 3,901,638
HCA Holdings, Inc. 7.750%, 05/15/2021   3,000,000 3,082,500
HCA, Inc.      
7.250%, 09/15/2020   1,970,000 2,147,300
7.875%, 02/15/2020   420,000 460,950
8.500%, 04/15/2019   1,160,000 1,280,350
INC Research LLC      
11.500%, 07/15/2019 (S)   1,470,000 1,390,988
InVentiv Health, Inc.      
10.000%, 08/15/2018 (S)   2,930,000 2,475,850
Ontex IV SA      
9.000%, 04/15/2019 EUR 480,000 483,719
9.000%, 04/15/2019 (S)   370,000 372,867
Physiotherapy Associates Holdings, Inc.      
11.875%, 05/01/2019 (S) $ 830,000 830,000
Tenet Healthcare Corp.      
6.250%, 11/01/2018 (S)   3,560,000 3,595,600
6.875%, 11/15/2031   2,310,000 1,937,513
 
      45,856,881
Industrials - 11.5%      
Aguila 3 SA      
7.875%, 01/31/2018 (S)   1,580,000 1,611,600
Altegrity, Inc. 11.750%, 05/01/2016 (S)   5,180,000 4,713,800
American Airlines 2011-1 Class B Pass      
Through Trust 7.000%, 01/31/2018 (S)   1,637,385 1,621,011
American Reprographics Company      
10.500%, 12/15/2016   3,910,000 3,831,800
Ardagh Packaging Finance PLC      
7.375%, 10/15/2017 (S) EUR 750,000 955,197
9.125%, 10/15/2020 (S) $ 600,000 618,000
Ashtead Capital, Inc.      
9.000%, 08/15/2016 (S)   1,670,000 1,736,800
Beverage Packaging      
Holdings Luxembourg II SA      
8.000%, 12/15/2016 EUR 158,000 171,923
9.500%, 06/15/2017 (S)   3,950,000 4,249,234
Building Materials Corp. of America      
7.500%, 03/15/2020 (S) $ 1,500,000 1,582,500
Cenveo Corp. 8.875%, 02/01/2018   1,690,000 1,529,450
CMA CGM SA      
8.500%, 04/15/2017 (S)   3,930,000 2,200,800
8.875%, 04/15/2019 (S) EUR 900,000 617,632
Continental Airlines 2000-1 Class B Pass      
Through Trust 8.388%, 11/01/2020 $ 669,198 679,236
Continental Airlines 2001-1 Class B Pass      
Through Trust 7.373%, 12/15/2015   31,911 32,431
Continental Airlines 2007-1 Class C Pass      
Through Trust 7.339%, 04/19/2014   2,818,023 2,846,203
Continental Airlines 2009-2 Class B Pass      
Through Trust 9.250%, 05/10/2017   54,739 60,007

 

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Continental Airlines, Inc.      
6.750%, 09/15/2015 (S) $ 1,500,000 $ 1,511,250
Delta Air Lines 2007-1 Class B Pass      
Through Trust 8.021%, 08/10/2022   1,549,005 1,579,985
Delta Air Lines 2007-1 Class C Pass      
Through Trust 8.954%, 08/10/2014   65,874 67,277
Delta Air Lines 2009-1 Series B Pass      
Through Trust 9.750%, 12/17/2016   1,679,639 1,797,213
Delta Air Lines, Inc.      
9.500%, 09/15/2014 (S)   1,139,000 1,198,798
Dematic SA 8.750%, 05/01/2016 (S)   4,780,000 4,947,300
Ducommun, Inc. 9.750%, 07/15/2018   1,880,000 1,988,100
Europcar Groupe SA      
9.375%, 04/15/2018 (S) EUR 640,000 528,233
11.500%, 05/15/2017 (S)   1,480,000 1,564,668
Florida East Coast Holdings Corp., PIK      
10.500%, 08/01/2017 $ 7,076,346 5,731,840
Hapag-Lloyd AG 9.750%, 10/15/2017 (S)   4,560,000 4,115,400
Hertz Holdings Netherlands BV      
8.500%, 07/31/2015 (S) EUR 830,000 1,093,005
Horizon Lines LLC      
11.000%, 10/15/2016 (S) $ 1,990,000 1,930,300
Horizon Lines LLC, PIK      
13.000%, 10/15/2016   1,575,583 1,437,719
Jack Cooper Holdings Corp.      
13.250%, 12/15/2015 (S)   5,120,000 5,043,200
JM Huber Corp. 9.875%, 11/01/2019 (S)   1,540,000 1,617,000
Kansas City Southern de      
Mexico SA de CV      
8.000%, 02/01/2018   3,265,000 3,624,150
12.500%, 04/01/2016   570,000 644,100
Kratos Defense & Security Solutions, Inc.      
10.000%, 06/01/2017   5,420,000 5,745,200
Navios Maritime Acquisition Corp.      
8.625%, 11/01/2017   4,470,000 4,201,800
Quality Distribution LLC      
9.875%, 11/01/2018   4,100,000 4,458,750
Rearden G Holdings EINS GmbH      
7.875%, 03/30/2020 (S)   3,815,000 3,853,150
RSC Equipment Rental Inc.      
8.250%, 02/01/2021   830,000 877,725
Schaeffler Finance BV      
7.750%, 02/15/2017 (S)   290,000 299,788
Syncreon Global Ireland Ltd.      
9.500%, 05/01/2018 (S)   4,430,000 4,418,925
The Geo Group, Inc. 7.750%, 10/15/2017   1,985,000 2,118,988
TransUnion Holding Company, Inc., PIK      
9.625%, 06/15/2018 (S)   2,750,000 2,901,250
Triumph Group, Inc. 8.625%, 07/15/2018   1,750,000 1,925,000
United Air Lines, Inc.      
9.875%, 08/01/2013 (S)   966,000 994,980
United Rentals North America, Inc.      
10.875%, 06/15/2016   1,164,000 1,294,950
UR Financing Escrow Corp.      
5.750%, 07/15/2018 (S)   1,108,000 1,127,390
7.625%, 04/15/2022 (S)   6,312,000 6,454,020
Wyle Services Corp.      
10.500%, 04/01/2018 (S)   6,160,000 6,560,400
 
      116,709,478
Information Technology - 1.5%      
First Data Corp.      
9.875%, 09/24/2015   80,000 79,400
11.250%, 03/31/2016   2,210,000 1,922,700
12.625%, 01/15/2021   3,760,000 3,543,800

 

64

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Information Technology (continued)      
First Data Corp., PIK 10.550%, 09/24/2015 $ 1,508,897 $ 1,501,353
Freescale Semiconductor, Inc.      
9.250%, 04/15/2018 (S)   950,000 999,875
10.750%, 08/01/2020   201,000 215,070
Lawson Software, Inc.      
10.000%, 04/01/2019 (S) EUR 500,000 618,250
NXP BV 9.750%, 08/01/2018 (S) $ 5,720,000 6,449,300
 
      15,329,748
Materials - 7.1%      
Appleton Papers, Inc.      
10.500%, 06/15/2015 (S)   1,945,000 2,071,425
11.250%, 12/15/2015   4,563,000 4,802,558
Ardagh Packaging Finance PLC      
9.250%, 10/15/2020 (S) EUR 830,000 1,016,032
Building Materials Corp. of America      
6.750%, 05/01/2021 (S) $ 3,250,000 3,323,125
6.875%, 08/15/2018 (S)   950,000 980,875
China Oriental Group Company, Ltd.      
7.000%, 11/17/2017 (S)   630,000 485,100
Evraz Group SA      
6.750%, 04/27/2018 (S)   5,200,000 4,790,500
9.500%, 04/24/2018   520,000 544,180
FMG Resources August 2006 Pty, Ltd.      
6.375%, 02/01/2016 (S)   1,460,000 1,427,150
7.000%, 11/01/2015 (S)   1,160,000 1,160,000
8.250%, 11/01/2019 (S)   3,880,000 4,006,100
Georgia Gulf Corp.      
9.000%, 01/15/2017 (S)   2,015,000 2,261,838
Global Brass and Copper, Inc.      
9.500%, 06/01/2019 (S)   2,220,000 2,242,200
Ineos Finance PLC 9.000%, 05/15/2015 (S)   120,000 125,700
Kerling PLC 10.625%, 02/01/2017 (S) EUR 1,261,000 1,407,202
LyondellBasell Industries NV      
5.000%, 04/15/2019 (S) $ 1,235,000 1,256,613
5.750%, 04/15/2024 (S)   1,235,000 1,265,875
6.000%, 11/15/2021 (S)   4,500,000 4,815,000
Midwest Vanadium Pty, Ltd.      
11.500%, 02/15/2018 (S)   8,670,000 5,375,400
Mirabela Nickel, Ltd.      
8.750%, 04/15/2018 (S)   1,794,000 1,291,680
Molycorp, Inc. 10.000%, 06/01/2020 (S)   3,130,000 3,122,175
Novelis, Inc. 8.750%, 12/15/2020   1,330,000 1,406,475
PE Paper Escrow GmbH      
11.750%, 08/01/2014 (S) EUR 700,000 926,139
12.000%, 08/01/2014 (S) $ 110,000 117,700
Ryerson Holding Corp. Zero      
Coupon 02/01/2015 (Z)   3,890,000 2,090,875
Ryerson, Inc. 12.000%, 11/01/2015   1,630,000 1,662,600
Sappi Papier Holding GmbH      
6.625%, 04/15/2021 (S)   1,400,000 1,316,000
Solutia, Inc. 8.750%, 11/01/2017   400,000 450,000
Steel Dynamics, Inc. 7.750%, 04/15/2016   375,000 386,250
Styrolution Group GmbH      
7.625%, 05/15/2016 EUR 2,540,000 2,638,197
Thompson Creek Metals Company, Inc.      
7.375%, 06/01/2018 $ 3,150,000 2,598,750
12.500%, 05/01/2019   810,000 810,303
Vedanta Resources PLC      
6.750%, 06/07/2016 (S)   2,190,000 1,992,900
8.750%, 01/15/2014 (S)   2,060,000 2,096,050
8.750%, 01/15/2014   990,000 1,007,325
Verso Paper Holdings LLC      
11.375%, 08/01/2016   786,000 381,210
11.750%, 01/15/2019 (S)   3,479,000 3,215,240

 

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Materials (continued)      
West China Cement, Ltd.      
7.500%, 01/25/2016 (S) $ 600,000 $ 514,500
 
      71,381,242
Telecommunication Services - 8.3%      
Axtel SAB de CV      
7.625%, 02/01/2017 (S)   4,000,000 2,600,000
7.625%, 02/01/2017   1,250,000 812,500
9.000%, 09/22/2019   248,000 161,200
Cincinnati Bell Telephone Company LLC      
6.300%, 12/01/2028   100,000 82,000
Clear Channel Worldwide Holdings, Inc.      
7.625%, 03/15/2020 (S)   2,060,000 1,963,400
Cogent Communications Group, Inc.      
8.375%, 02/15/2018 (S)   3,340,000 3,582,150
Inmarsat Finance PLC      
7.375%, 12/01/2017 (S)   2,420,000 2,577,300
Intelsat Jackson Holdings SA      
7.250%, 04/01/2019   2,741,000 2,737,574
7.250%, 10/15/2020 (S)   4,630,000 4,595,275
Level 3 Financing, Inc.      
8.625%, 07/15/2020 (S)   2,810,000 2,866,200
MetroPCS Wireless, Inc.      
6.625%, 11/15/2020   1,160,000 1,122,300
7.875%, 09/01/2018   2,470,000 2,494,700
Phones4u Finance PLC      
9.500%, 04/01/2018 (S) GBP 630,000 844,732
Sprint Capital Corp.      
6.875%, 11/15/2028 $ 7,500,000 5,568,750
8.750%, 03/15/2032   9,075,000 7,645,688
Sprint Nextel Corp.      
6.000%, 12/01/2016   1,510,000 1,381,650
9.000%, 11/15/2018 (S)   5,450,000 5,899,625
TW Telecom Holdings, Inc.      
8.000%, 03/01/2018   2,420,000 2,625,700
UPC Holding BV      
8.000%, 11/01/2016 EUR 750,000 952,878
9.875%, 04/15/2018 (S) $ 2,720,000 2,937,600
UPCB Finance III, Ltd.      
6.625%, 07/01/2020 (S)   560,000 551,600
UPCB Finance V, Ltd.      
7.250%, 11/15/2021 (S)   2,300,000 2,323,000
UPCB Finance VI, Ltd.      
6.875%, 01/15/2022 (S)   1,510,000 1,483,575
Vimpel Communications      
6.493%, 02/02/2016 (S)   610,000 593,988
8.250%, 05/23/2016   2,890,000 2,963,897
8.375%, 04/30/2013 (S)   570,000 590,685
VimpelCom Holdings BV      
7.504%, 03/01/2022 (S)   2,800,000 2,539,208
West Corp.      
7.875%, 01/15/2019   3,980,000 3,989,950
8.625%, 10/01/2018   2,620,000 2,731,350
11.000%, 10/15/2016   570,000 600,638
Wind Acquisition Finance SA      
7.250%, 02/15/2018 (S)   1,300,000 1,111,500
Wind Acquisition Holdings Finance SA,      
PIK 12.250%, 07/15/2017 (S)   8,313,755 6,152,179
Windstream Corp.      
7.500%, 06/01/2022 to 04/01/2023   5,220,000 5,014,050
 
      84,096,842
Utilities - 4.6%      
Atlantic Power Corp.      
9.000%, 11/15/2018 (S)   2,110,000 2,141,650

 

65

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Calpine Corp.      
7.250%, 10/15/2017 (S) $ 460,000 $ 485,300
7.500%, 02/15/2021 (S)   750,000 783,750
7.875%, 01/15/2023 (S)   5,320,000 5,625,900
Dynegy-Roseton Danskammer, Series B      
7.670%, 11/08/2016 (H)   1,820,000 1,146,600
Edison Mission Energy      
7.750%, 06/15/2016 (L)   850,000 452,625
Foresight Energy LLC      
9.625%, 08/15/2017 (S)   4,520,000 4,542,600
GenOn REMA LLC      
9.237%, 07/02/2017   2,947,548 2,888,597
9.681%, 07/02/2026   1,970,000 1,871,500
Midwest Generation LLC, Series B      
8.560%, 01/02/2016   2,787,893 2,564,861
Mirant Americas Generation LLC      
9.125%, 05/01/2031   5,251,000 4,437,095
Mirant Mid Atlantic LLC      
9.125%, 06/30/2017   420,282 428,687
10.060%, 12/30/2028   6,532,644 6,663,287
NRG Energy, Inc. 8.500%, 06/15/2019   60,000 60,000
Suburban Propane Partners LP      
7.375%, 03/15/2020   2,210,000 2,320,500
Texas Competitive Electric Holdings      
Company LLC 11.500%, 10/01/2020 (S)   1,260,000 844,200
Texas Competitive Electric Holdings      
Company LLC, Series A      
10.250%, 11/01/2015   1,710,000 410,400
The AES Corp.      
7.375%, 07/01/2021 (S)   2,020,000 2,181,600
9.750%, 04/15/2016   2,293,000 2,688,543
The AES El      
Salvador Trust 6.750%, 02/01/2016   200,000 198,500
The AES Ironwood LLC      
8.857%, 11/30/2025   3,018,311 3,330,498
The AES Red Oak LLC      
9.200%, 11/30/2029   220,000 234,300
 
      46,300,993
TOTAL CORPORATE BONDS (Cost $869,346,462) $ 836,726,673
 
CAPITAL PREFERRED SECURITIES - 1.0%    
Financials - 0.9%      
BankAmerica Institutional Capital,      
Series A      
8.070%, 12/31/2026 (S)   200,000 201,000
Capital One Capital V      
10.250%, 08/15/2039   1,350,000 1,397,250
Countrywide Capital III      
8.050%, 06/15/2027   140,000 141,225
Deutsche Postbank Funding Trust IV      
(5.983% 06/29/2017, then 3 month      
EURIBOR + 2.070%)      
06/29/2017 (Q) EUR 1,050,000 895,845
ING Capital Funding Trust III      
4.070%, 09/30/2012 (P) (Q) $ 1,300,000 1,075,010
MBNA Capital A, Series A      
8.278%, 12/01/2026   920,000 926,900
Santander Finance Preferred SA      
Unipersonal (10.500% until 09/29/2014,      
then 3 month LIBOR + 7.673%)      
09/29/2014 (Q)   1,790,000 1,736,438

 

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CAPITAL PREFERRED SECURITIES (continued)  
Financials (continued)      
ZFS Finance USA Trust II (6.450% to      
06/15/2016, then 3 month      
LIBOR + 2.000%)      
12/15/2065 (S) $ 2,852,000 $ 2,766,440
 
      9,140,108
Materials - 0.1%      
Hercules, Inc.      
6.500%, 06/30/2029   1,110,000 824,175
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $10,911,556)   $ 9,964,283
 
CONVERTIBLE BONDS - 0.8%      
Financials - 0.4%      
Realogy Corp.      
11.000%, 04/15/2018 (S)   5,770,000 4,616,000
Industrials - 0.3%      
Horizon Lines, Inc., PIK      
6.000%, 04/15/2017   3,520,489 2,710,953
6.000%, 04/15/2017   977,913 394,774
 
      3,105,727
Materials - 0.1%      
Hercules, Inc.      
6.500%, 06/30/2029   930,000 755,625
TOTAL CONVERTIBLE BONDS (Cost $8,742,759) $ 8,477,352
 
TERM LOANS (M) - 3.7%      
Consumer Discretionary - 0.9%      
Newsday LLC      
10.500%, 08/01/2013   4,000,000 4,080,000
Stockbridge SBE Holdings LLC      
05/02/2017 (T)   5,410,000 5,274,750
 
      9,354,750
Energy - 0.8%      
Chesapeake Energy Corp. , 12/02/2017 (T)   7,990,000 7,784,258
Financials - 0.5%      
Realogy Corp.      
13.500%, 10/15/2017   5,200,000 5,287,750
Health Care - 0.1%      
Immucor, Inc. 7.250%, 08/17/2018   1,203,950 1,201,943
Industrials - 0.0%      
Trico Shipping AS 10.000%, 05/13/2014   320,371 318,769
Information Technology - 0.3%      
First Data Corp.      
2.989%, 09/24/2014   460,397 435,965
4.239%, 03/23/2018   379,603 344,134
SRA International, Inc.      
6.500%, 07/20/2018   1,862,229 1,816,837
 
      2,596,936
Telecommunication Services - 0.8%      
Vodafone Group PLC      
6.250%, 07/11/2016   1,949,063 1,978,298
6.875%, 08/11/2015   5,844,252 5,931,916
 
      7,910,214
Utilities - 0.3%      
Texas Competitive Electric Holdings      
Company LLC 4.739%, 10/10/2017   4,205,419 2,444,926
TOTAL TERM LOANS (Cost $37,689,350)   $ 36,899,546

 

66

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

High Yield Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 2.1%    
Consumer Discretionary - 1.0%    
Bossier Casino Venture Holdco, Inc. (I) (S) 163,507 $ 327,014
Charter Communications, Inc., Class A (I) 149,730 9,388,071
PB Investors II LLC (I) 110,176 1
 
    9,715,086
Financials - 0.8%    
KCAD Holdings I, Ltd. (I) 752,218,031 7,973,511
Industrials - 0.2%    
DeepOcean Group Holdings AS (I) 151,066 2,417,056
Horizon Lines, Inc. (I) (L) 89,768 166,071
 
    2,583,127
Materials - 0.1%    
LyondellBasell Industries NV, Class A 35,100 1,385,046
Telecommunication Services - 0.0%    
XO Holdings, Inc. (I) 821 0
TOTAL COMMON STOCKS (Cost $17,604,144) $ 21,656,770
 
PREFERRED SECURITIES - 2.5%    
Financials - 2.4%    
Citigroup Capital XII (8.500% to    
03/30/2015, then    
3 month LIBOR + 5.870%) 357,275 $ 9,217,695
Citigroup Capital XIII (7.875% to    
10/30/2015, then    
3 month LIBOR + 6.370%) 48,350 1,279,341
Citigroup, Inc., 7.500% 25,200 2,118,816
GMAC Capital Trust I (8.125% to    
02/15/2016, then    
3 month LIBOR + 5.785%) 494,500 11,333,940
 
    23,949,792
Industrials - 0.1%    
Jack Cooper Holdings Corp. (S) 9,645 964,500
TOTAL PREFERRED SECURITIES (Cost $25,717,583) $ 24,914,292
 
ESCROW CERTIFICATES - 0.0%    
United States - 0.0%    
General Motors Company    
7.200%, 01/15/2049 (I) 4,645,000 63,869
8.375%, 07/15/2049 (I) 9,805,000 134,819
SuperMedia, Inc.    
8.000%, 11/15/2016 (I) 6,615,000 0
 
    198,688
TOTAL ESCROW CERTIFICATES (Cost $0) $ 198,688
 
WARRANTS - 0.1%    
Charter Communications, Inc., Class A    
(Expiration Date: 11/30/2014; Strike    
Price: $51.28) (I) 5,718 97,263
CMP Susquehanna Radio Holdings Corp.    
(Expiration Date: 03/26/2019; Strike    
Price: $0.01) (I) 51,274 337,567
Jack Cooper Holdings Corp. (Expiration    
Date: 05/06/2018; Strike    
Price: $27.33) (I) 2,163 151,410
Nortek, Inc. (Expiration Date: 12/17/2014;    
Strike Price: $52.80) (I) 12,027 84,189
SemGroup Corp., Class A (Expiration    
Date: 11/30/2014; Strike    
Price $25.00) (I) 29,423 220,673
TOTAL WARRANTS (Cost $290,122) $ 891,102

 

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
OPTIONS PURCHASED - 0.2%      
Put Options - 0.2%      
Over the Counter USD Purchased Options      
on 5 Year Credit Default Swaption      
(Expiration Date: 07/18/2012; Strike      
Price: $0.93; Counterparty:      
J.P. Morgan) (I) $ 32,683,000 $ 718,106
Over the Counter USD Purchased Options      
on 5 Year Credit Default Swaption      
(Expiration Date: 09/19/2012; Strike      
Price: $0.92; Counterparty:      
J.P. Morgan) (I)   30,806,000 981,613
TOTAL OPTIONS PURCHASED (Cost $1,746,743) $ 1,699,719
 
SECURITIES LENDING COLLATERAL - 1.5%    
John Hancock Collateral      
Investment Trust, 0.3309% (W) (Y)   1,563,393 $ 15,645,187
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $15,646,214)   $ 15,645,187
 
SHORT-TERM INVESTMENTS - 3.0%      
Repurchase Agreement - 3.0%      
Deutsche Bank Repurchase Agreement      
dated 05/31/2012 at 0.190% to be      
repurchased at $30,500,161 on      
06/01/2012, collateralized by      
$28,413,000 Treasury Inflation Protected      
Securities, 0.625% due 04/15/2013,      
(valued at $31,109,990,      
including interest) $ 30,500,000 $ 30,500,000
TOTAL SHORT-TERM INVESTMENTS (Cost $30,500,000) $ 30,500,000
Total Investments (High Yield Fund)      
(Cost $1,049,610,652) - 100.6%   $ 1,017,314,124
Other assets and liabilities, net - (0.6%)     (6,553,747)
 
TOTAL NET ASSETS - 100.0%   $ 1,010,760,377
 
 
 
International Growth Stock Fund    
    Shares Value
 
COMMON STOCKS - 88.9%      
Australia - 5.6%      
BHP Billiton, Ltd.   126,933 $ 3,905,994
Brambles, Ltd.   734,704 4,760,713
CSL, Ltd.   146,632 5,372,496
WorleyParsons, Ltd.   186,178 4,641,975
 
      18,681,178
Belgium - 2.1%      
Anheuser-Busch InBev NV   100,971 6,834,331
Brazil - 2.1%      
Banco Bradesco SA, ADR   386,805 5,662,825
Petroleo Brasileiro SA, ADR   76,315 1,442,354
 
      7,105,179
Canada - 7.9%      
Agrium, Inc.   36,817 2,883,051
Canadian National Railway Company   36,052 2,948,107
Canadian Natural Resources, Ltd.   70,609 2,027,654
Cenovus Energy, Inc.   89,340 2,815,527
CGI Group, Inc. (I)   171,520 3,977,251
Fairfax Financial Holdings, Ltd.   8,104 3,193,424
Potash Corp. of Saskatchewan, Inc.   87,369 3,460,586

 

67

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Growth Stock Fund (continued)
  Shares Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Suncor Energy, Inc. 186,221 $ 5,053,759
    26,359,359
China - 1.2%    
Industrial & Commercial Bank of China, Ltd.,    
H Shares 6,458,000 3,943,800
Denmark - 1.2%    
Novo Nordisk A/S 29,725 3,965,337
France - 6.5%    
Cap Gemini SA 72,261 2,437,168
Compagnie Generale des Etablissements    
Michelin, Class B 29,176 1,718,183
Danone SA 63,118 4,051,799
Eutelsat Communications 76,249 1,998,738
L’Oreal SA 19,491 2,200,130
Publicis Groupe SA 83,296 3,894,372
Schneider Electric SA 62,988 3,377,291
Total SA 41,901 1,812,983
 
    21,490,664
Germany - 4.4%    
Adidas AG 70,302 5,240,841
Fresenius Medical Care AG 55,975 3,718,966
SAP AG 100,743 5,780,933
 
    14,740,740
Hong Kong - 2.9%    
China Mobile, Ltd. 373,000 3,777,071
Galaxy Entertainment Group, Ltd. (I) 1,095,000 2,691,645
Hutchison Whampoa, Ltd. 370,000 3,031,407
 
    9,500,123
Ireland - 1.7%    
Shire PLC 71,256 2,006,361
WPP PLC 305,727 3,652,275
 
    5,658,636
Israel - 1.6%    
Teva Pharmaceutical Industries, Ltd., ADR 137,545 5,390,389
Japan - 8.5%    
Canon, Inc. 127,200 5,069,476
Denso Corp. 129,400 3,885,519
Fanuc, Ltd. 16,700 2,872,364
Keyence Corp. 16,300 3,672,970
Komatsu, Ltd. 81,300 1,940,936
Nidec Corp. 31,900 2,595,807
Toyota Motor Corp. 102,400 3,930,724
Yamada Denki Company, Ltd. 86,900 4,349,085
 
    28,316,881
Mexico - 3.7%    
America Movil SAB de CV, Series L, ADR 217,184 5,116,855
Fomento Economico Mexicano SAB de CV 42,878 3,380,073
Grupo Televisa SA, ADR 200,454 3,806,621
 
    12,303,549
Netherlands - 3.4%    
Koninklijke Ahold NV 197,465 2,324,902
Royal Dutch Shell PLC, B Shares 128,688 4,151,071
Unilever NV 126,452 3,988,299
Vimpelcom, Ltd., ADR 101,123 745,277
 
    11,209,549
Russia - 0.6%    
Gazprom OAO, ADR (London Exchange) 207,663 1,837,476
Singapore - 2.5%    
Keppel Corp., Ltd. 579,900 4,476,510

 

International Growth Stock Fund (continued)
  Shares   Value
 
 
COMMON STOCKS (continued)      
Singapore (continued)      
United Overseas Bank, Ltd. 287,000 $ 3,929,182
 
      8,405,692
South Korea - 2.4%      
Hyundai Mobis 17,224   4,036,531
NHN Corp. 19,938   4,094,655
 
      8,131,186
Spain - 1.0%      
Amadeus IT Holding SA, A Shares 175,284   3,222,811
Sweden - 2.8%      
Ericsson (LM), Series B 282,942   2,399,451
Kinnevik Investment AB 98,552   1,734,237
Swedbank AB, Class A 241,051   3,451,632
Volvo AB, Series B 152,805   1,730,066
 
      9,315,386
Switzerland - 7.6%      
ABB, Ltd. 171,423   2,701,525
Informa PLC 460,972   2,432,906
Julius Baer Group, Ltd. 86,540   2,736,172
Nestle SA 88,229   5,011,445
Novartis AG 65,267   3,399,829
Roche Holdings AG 25,374   3,978,841
Syngenta AG 15,382   4,956,952
 
      25,217,670
Taiwan - 1.5%      
Taiwan Semiconductor      
Manufacturing Company, Ltd. (I) 1,714,000   4,883,014
Turkey - 0.8%      
Akbank T.A.S. 833,913   2,550,220
United Kingdom - 16.9%      
BG Group PLC 259,625   4,997,449
British American Tobacco PLC 110,096   5,183,242
British Sky Broadcasting Group PLC 269,703   2,866,645
Centrica PLC 641,045   3,071,775
Compass Group PLC 770,205   7,553,772
GlaxoSmithKline PLC 115,803   2,570,347
Imperial Tobacco Group PLC 178,944   6,462,022
International Power PLC 291,731   1,861,536
Kingfisher PLC 1,107,686   4,832,356
Next PLC 96,491   4,516,931
Pearson PLC (I) 145,431   2,549,882
Reed Elsevier PLC 744,378   5,490,179
Smith & Nephew PLC 307,803   2,887,814
Tesco PLC 270,960   1,264,162
 
      56,108,112
TOTAL COMMON STOCKS (Cost $305,510,894)   $ 295,171,282
 
PREFERRED SECURITIES - 1.2%      
Germany - 1.2%      
Volkswagen AG 25,586   4,093,099
TOTAL PREFERRED SECURITIES (Cost $4,450,213) $ 4,093,099
 
SHORT-TERM INVESTMENTS - 8.6%      
Money Market Funds - 8.6%      
State Street Institutional Liquid Reserves      
Fund, 0.1963% (Y) 28,604,520   28,604,520
TOTAL SHORT-TERM INVESTMENTS (Cost $28,604,520) $ 28,604,520
Total Investments (International Growth Stock Fund)    
(Cost $338,565,627) - 98.7%   $ 327,868,901
Other assets and liabilities, net - 1.3%     4,300,526
 
TOTAL NET ASSETS - 100.0%   $ 332,169,427

 

68

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Opportunities Fund  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 96.2%    
Argentina - 1.5%    
MercadoLibre, Inc. 45,542 $ 3,198,870
Belgium - 2.1%    
Anheuser-Busch InBev NV 69,372 4,695,519
Brazil - 1.4%    
BR Malls Participacoes SA 285,600 3,143,675
Canada - 4.3%    
Canadian National Railway Company 70,202 5,752,352
IMAX Corp. (I) 61,166 1,299,166
Pacific Rubiales Energy Corp. 88,505 2,321,344
 
    9,372,862
China - 3.2%    
Baidu, Inc., ADR (I) 42,998 5,063,874
CNOOC, Ltd. 1,140,600 2,051,921
 
    7,115,795
Denmark - 2.0%    
Novo Nordisk A/S 33,114 4,417,432
France - 3.6%    
Pernod-Ricard SA 24,612 2,413,398
Schneider Electric SA 59,002 3,163,569
Unibail-Rodamco SE 13,560 2,250,574
 
    7,827,541
Germany - 4.9%    
Adidas AG 48,937 3,648,133
BMW AG 53,621 4,062,200
Kabel Deutschland Holding AG (I) 52,961 3,006,717
 
    10,717,050
Hong Kong - 6.5%    
AIA Group, Ltd. 679,200 2,210,225
Belle International Holdings, Ltd. 2,005,000 3,196,874
China Unicom Hong Kong, Ltd. 3,830,000 5,215,545
Hang Lung Properties, Ltd. 1,178,000 3,738,217
 
    14,360,861
Ireland - 5.8%    
Accenture PLC, Class A 81,989 4,681,572
CRH PLC (London Exchange) 192,445 3,296,182
Shire PLC 167,771 4,723,941
 
    12,701,695
Israel - 1.8%    
Check Point Software Technologies, Ltd. (I) 76,182 3,903,566
Japan - 12.8%    
Canon, Inc. 111,900 4,459,704
FANUC Corp. 28,200 4,850,339
Honda Motor Company, Ltd. 179,100 5,694,704
Hoya Corp. 110,200 2,359,144
Marubeni Corp. 487,000 3,098,390
Rakuten, Inc. 4,306 4,594,580
Sumitomo Realty &    
Development Company, Ltd. 150,000 3,128,399
 
    28,185,260
Luxembourg - 2.4%    
Millicom International Cellular SA, ADR 60,873 5,225,467
Mexico - 0.8%    
Wal-Mart de Mexico SAB de CV 746,200 1,788,775
Netherlands - 8.3%    
ASML Holding NV 76,380 3,513,210
LyondellBasell Industries NV, Class A 130,756 5,159,632
Sensata Technologies Holding NV (I) 153,263 4,706,707
Yandex NV, Class A (I) 106,759 2,127,707

 

International Opportunities Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Netherlands (continued)    
Ziggo NV 94,711 $ 2,703,840
 
    18,211,096
South Korea - 2.6%    
Samsung Electronics Company, Ltd. 5,477 5,611,020
Spain - 1.6%    
Inditex SA 41,775 3,463,061
Sweden - 0.6%    
Elekta AB, Series B 28,123 1,350,586
Switzerland - 10.5%    
Julius Baer Group, Ltd. (I) 141,706 4,480,381
Nestle SA 98,341 5,585,810
Roche Holdings AG 35,394 5,550,055
The Swatch Group AG, BR Shares 10,728 4,143,279
Xstrata PLC 233,222 3,346,950
 
    23,106,475
Taiwan - 2.0%    
Taiwan Semiconductor Manufacturing    
Company, Ltd., ADR 327,578 4,497,646
United Kingdom - 13.8%    
ARM Holdings PLC 340,900 2,664,897
British Sky Broadcasting Group PLC 568,581 6,043,387
Reed Elsevier PLC 301,086 2,220,668
Rolls-Royce Holdings PLC (I) 193,480 2,461,364
Standard Chartered PLC (I) 263,868 5,351,307
The Weir Group PLC 127,080 3,041,999
Tullow Oil PLC 228,353 5,065,179
Whitbread PLC 119,688 3,450,839
 
    30,299,640
United States - 3.7%    
Perrigo Company 33,949 3,526,962
Wynn Resorts, Ltd. 44,287 4,563,332
 
    8,090,294
TOTAL COMMON STOCKS (Cost $194,411,128) $ 211,284,186
 
PREFERRED SECURITIES - 0.0%    
United Kingdom - 0.0%    
Rolls-Royce Holdings PLC - C Shares 20,508,880 31,608
TOTAL PREFERRED SECURITIES (Cost $33,097) $ 31,608
 
SHORT-TERM INVESTMENTS - 3.7%    
Money Market Funds - 3.7%    
State Street Institutional Treasury Money    
Market Fund, 0.0000% (Y) 7,990,731 7,990,731
TOTAL SHORT-TERM INVESTMENTS (Cost $7,990,731) $ 7,990,731
Total Investments (International Opportunities Fund)    
(Cost $202,434,956) - 99.9% $ 219,306,525
Other assets and liabilities, net - 0.1%   286,945
 
TOTAL NET ASSETS - 100.0% $ 219,593,470

 

69

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Cap Fund    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 93.6%    
Australia - 3.4%    
Billabong International, Ltd. (L) 714,567 $ 1,329,715
Downer EDI, Ltd. (I) 666,791 2,133,303
Emeco Holdings, Ltd. 4,341,244 4,055,969
Pacific Brands, Ltd. 4,747,577 2,559,784
 
    10,078,771
Austria - 1.0%    
Wienerberger AG (L) 326,485 2,934,273
Bahamas - 1.8%    
Steiner Leisure, Ltd. (I)(L) 117,810 5,399,232
Belgium - 1.6%    
Barco NV (L) 84,270 4,681,258
Canada - 8.1%    
ATS Automation Tooling Systems, Inc. (I) 464,320 3,717,797
Canaccord Financial, Inc.    
(Toronto Exchange) (L) 517,506 2,956,175
Dorel Industries, Inc., Class B 150,200 3,786,811
Ensign Energy Services, Inc. 76,400 972,707
Genworth MI Canada, Inc. (L) 169,400 3,042,426
HudBay Minerals, Inc. 469,670 3,451,416
Mullen Group, Ltd. 201,570 4,168,597
The North West Company, Inc. 71,200 1,475,908
 
    23,571,837
China - 2.3%    
People’s Food Holdings, Ltd. (I) 5,361,704 1,913,541
Shenzhen Expressway Company, Ltd.,    
H Shares 2,634,000 1,006,882
Sinotrans, Ltd., H Shares 17,808,000 3,124,489
Travelsky Technology, Ltd., H Shares 1,196,539 642,239
 
    6,687,151
Finland - 3.8%    
Amer Sports OYJ 470,088 5,487,514
Huhtamaki OYJ 395,286 5,494,327
 
    10,981,841
France - 0.5%    
Teleperformance SA (L) 60,430 1,450,946
Germany - 2.0%    
Jenoptik AG 448,454 2,863,731
Kloeckner & Company SE (I)(L) 308,185 2,928,144
 
    5,791,875
Greece - 0.8%    
Hellenic Exchanges SA Holding Clearing    
Settlement and Registry 360,594 943,072
JUMBO SA (I) 485,820 1,522,765
 
    2,465,837
Hong Kong - 6.0%    
Dah Sing Financial Holdings, Ltd. 1,074,374 3,142,700
Stella International Holdings, Ltd. 2,095,000 5,328,057
Techtronic Industries Company 4,698,000 5,813,329
Texwinca Holdings, Ltd. 1,685,417 1,870,140
Yue Yuen Industrial Holdings, Ltd. 423,640 1,321,380
 
    17,475,606
Ireland - 1.2%    
UBM PLC 444,740 3,670,504
Italy - 1.9%    
Amplifon SpA 231,541 1,149,011
Azimut Holding SpA 464,076 4,330,115
 
    5,479,126

 

International Small Cap Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan - 12.3%    
Asahi Company, Ltd. (I)(L) 106,100 $ 1,625,925
Asics Corp. 310,000 3,290,915
Descente, Ltd. 807,860 4,585,932
En-Japan, Inc. (I) 2,287 2,353,772
Keihin Corp. (L) 188,200 2,807,588
Kobayashi Pharmaceutical Company, Ltd. 133,800 7,297,103
Megane Top Company, Ltd. (I) 182,800 2,092,881
Meitec Corp. 201,511 4,211,121
Nissin Kogyo Company, Ltd. 140,610 1,890,612
Shinko Plantech Company, Ltd. 469,700 3,553,347
Tokai Rika Company, Ltd. 134,900 2,207,964
 
    35,917,160
Liechtenstein - 0.9%    
Verwaltungs & Privat Bank AG 33,515 2,547,390
Luxembourg - 0.6%    
Oriflame Cosmetics SA 61,410 1,844,310
Netherlands - 8.5%    
Aalberts Industries NV 291,541 4,718,539
Accell Group (L) 187,804 3,274,924
Arcadis NV (L) 150,800 3,149,789
Imtech NV (L) 139,560 3,620,499
Mediq NV (L) 331,918 3,899,150
SBM Offshore NV (I) 134,586 1,769,626
TKH Group NV 147,531 3,254,749
USG People NV (L) 180,304 1,244,729
 
    24,932,005
Norway - 1.8%    
Tomra Systems ASA 758,890 5,286,727
Singapore - 0.1%    
Huan Hsin Holdings, Ltd. (I) 2,370,298 161,870
South Korea - 9.3%    
Binggrae Company, Ltd. 58,460 3,308,561
BS Financial Group, Inc. 283,930 2,786,020
DGB Financial Group, Inc. 200,600 2,487,263
Hyundai Mipo Dockyard Company, Ltd. 13,640 1,360,821
KIWOOM Securities Company, Ltd. 43,790 2,816,527
Mirae Asset Securities Company, Ltd. 88,180 2,347,279
S1 Corp. 39,100 1,871,214
Sindoh Company, Ltd. 80,243 3,792,452
Youngone Corp. 250,260 6,346,036
 
    27,116,173
Spain - 3.7%    
Antena 3 de Television SA (I)(L) 515,778 1,889,139
Construcciones & Auxiliar de Ferrocarriles SA 9,156 4,031,648
Melia Hotels International SA 235,424 1,088,621
Tecnicas Reunidas SA 104,703 3,771,352
 
    10,780,760
Sweden - 0.6%    
Duni AB 242,260 1,769,931
Switzerland - 3.1%    
Logitech International SA (I)(L) 138,390 1,415,730
Nobel Biocare Holding AG (I) 139,630 1,474,400
Panalpina Welttransport Holding AG (L) 46,490 4,434,296
Vontobel Holding AG 89,146 1,827,150
 
    9,151,576
Taiwan - 3.0%    
D-Link Corp. 3,154,668 2,107,468
Giant Manufacturing Company, Ltd. 988,746 4,639,110

 

70

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Cap Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS (continued)      
Taiwan (continued)      
Ta Chong Bank, Ltd. (I)   6,207,740 $ 1,940,963
      8,687,541
Thailand - 2.7%      
Bank of Ayudhya PCL   3,565,810 3,174,165
Glow Energy PCL   2,270,788 4,710,734
 
      7,884,899
Turkey - 0.4%      
Aygaz AS   303,319 1,142,153
United Kingdom - 12.2%      
Bellway PLC   442,966 4,729,891
Bodycote PLC   723,415 4,252,919
Bovis Homes Group PLC   583,740 3,726,779
Debenhams PLC   1,283,560 1,533,230
Dignity PLC   153,590 2,016,343
Fiberweb PLC   1,847,983 1,680,466
Greggs PLC   412,370 3,203,458
Henderson Group PLC   2,251,780 3,439,873
Homeserve PLC   454,410 974,468
Laird PLC   1,498,300 4,376,434
Persimmon PLC   639,915 5,614,133
 
      35,547,994
TOTAL COMMON STOCKS (Cost $259,003,805) $ 273,438,746
 
SHORT-TERM INVESTMENTS - 5.5%      
Time Deposits - 5.5%      
Bank of Montreal, 0.120%, 06/01/2012 * $ 8,000,000 8,000,000
Royal Bank of Canada, 0.110%, 06/01/2012 * 8,000,000 8,000,000
 
      16,000,000
TOTAL SHORT-TERM INVESTMENTS (Cost $16,000,000) $ 16,000,000
 
SECURITIES LENDING COLLATERAL - 9.3%    
John Hancock Collateral      
Investment Trust, 0.3309% (W)(Y)   2,728,716 $ 27,306,809
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $27,305,168)   $ 27,306,809
Total Investments (International Small Cap Fund)    
(Cost $302,308,973) - 108.4%   $ 316,745,555
Other assets and liabilities, net - (8.4%)     (24,674,691)
TOTAL NET ASSETS - 100.0%   $ 292,070,864
 
 
 
International Small Company Fund    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 98.8%      
Australia - 7.0%      
Acrux, Ltd. (I)   23,000 $ 96,955
Adelaide Brighton, Ltd.   75,300 215,546
Aditya Birla Minerals, Ltd.   40,783 21,418
AED Oil, Ltd. (I)   18,722 2,644
AJ Lucas Group, Ltd. (I)   6,727 7,221
Alchemia, Ltd. (I)   25,636 10,934
Alesco Corp., Ltd.   12,775 24,421
Alkane Resources, Ltd. (I)   32,079 32,722
Alliance Resources, Ltd. (I)   40,937 9,323
Amalgamated Holdings, Ltd.   18,031 114,750
Amcom Telecommunications, Ltd.   28,416 30,143

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
Ampella Mining, Ltd. (I) 3,883 $ 2,904
Ansell, Ltd. 21,279 294,085
Antares Energy, Ltd. (I) 12,749 5,927
APN News & Media, Ltd. 77,420 58,259
Arafura Resources, Ltd. (I) 26,667 5,190
ARB Corp., Ltd. 8,257 69,470
Aristocrat Leisure, Ltd. 42,901 122,184
ASG Group, Ltd. (I) 7,517 6,580
Atlantic, Ltd. (I) 4,449 1,905
Aurora Oil and Gas, Ltd. (I) 40,211 133,784
Ausdrill, Ltd. 33,693 107,610
Ausenco, Ltd. 9,757 35,545
Austal, Ltd. 12,569 21,507
Austbrokers Holdings, Ltd. (I) 635 4,130
Austin Engineering, Ltd. 5,508 24,047
Australian Agricultural Company, Ltd. (I) 24,185 27,079
Australian Infrastructure Fund 87,385 199,450
Australian Pharmaceutical Industries, Ltd. (I) 56,375 19,715
Australian Worldwide Exploration, Ltd. (I) 72,902 121,617
Automotive Holdings Group 26,456 66,937
AVJennings, Ltd. 32,942 10,268
Azumah Resources, Ltd. (I) 6,903 1,579
Bandanna Energy, Ltd. (I) 26,297 10,997
Bank of Queensland, Ltd. 8,710 56,777
BC Iron, Ltd. (I) 7,691 19,419
Beach Energy, Ltd. 187,448 200,529
Beadell Resources, Ltd. (I) 35,301 20,939
Becton Property Group (I) 59 24
Bendigo Mining, Ltd. (I) 20,172 2,454
Berkeley Resources, Ltd. (I) 4,742 1,903
Billabong International, Ltd. (L) 12,568 23,387
Biota Holdings, Ltd. (I) 39,986 29,543
Blackmores, Ltd. 1,614 40,717
Blackthorn Resources, Ltd. (I) 3,075 3,504
BlueScope Steel, Ltd. (I) 43,288 14,521
Boom Logistics, Ltd. (I) 42,444 9,497
Bradken, Ltd. 33,593 196,748
Breville Group, Ltd. 19,121 79,661
Brickworks, Ltd. 5,574 56,170
Buru Energy, Ltd. (I)(L) 13,774 46,143
Cabcharge Australia, Ltd. 20,355 125,325
Cape Lambert Iron Ore, Ltd. (I) 117,043 50,735
Cardno, Ltd. 12,873 92,557
Carnarvon Petroleum, Ltd. (I) 59,353 6,935
Carsales.com.au, Ltd. 18,977 103,243
Cash Converters International, Ltd. 16,548 9,834
Ceramic Fuel Cells, Ltd. (I) 126,217 10,931
Challenger, Ltd. 15,400 48,989
Clough, Ltd. 23,830 17,376
Coal of Africa, Ltd. (I) 39,262 19,391
Coalspur Mines, Ltd. (I) 27,065 29,215
Cockatoo Coal, Ltd. (I) 87,990 17,924
Codan, Ltd. 4,533 6,052
Coffey International, Ltd. (I) 31,524 11,020
Compass Resources, Ltd. (I) 15,577 0
Consolidated Media Holdings, Ltd. 37,958 119,636
Credit Corp. Group, Ltd. 4,455 25,816
CSR, Ltd. 62,609 100,545
CuDeco, Ltd. (I) 21,846 70,714
Cue Energy Resources, Ltd. (I) 32,865 8,612
Customers, Ltd. 9,594 11,663
Data#3, Ltd. 5,352 5,158
David Jones, Ltd. 64,334 138,254
Decmil Group, Ltd. 20,452 55,696
Deep Yellow, Ltd. (I) 56,297 2,733

 

71

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
Discovery Metals, Ltd. (I) 72,113 $ 93,691
Domino’s Pizza Enterprises, Ltd. 1,073 9,600
Downer EDI, Ltd. (I) 21,162 67,705
Dragon Mining, Ltd. (I) 2,230 1,674
Drillsearch Energy, Ltd. (I) 53,247 65,653
DUET Group 189,642 358,246
DuluxGroup, Ltd. 39,802 114,892
DWS Advanced Business Solutions, Ltd. 2,669 3,660
Elders, Ltd. (I) 40,650 7,319
Elemental Minerals, Ltd. (I) 11,100 7,906
Emeco Holdings, Ltd. 73,594 68,758
Energy World Corp., Ltd. (I) 112,377 47,023
Envestra, Ltd. 119,130 92,188
Euroz, Ltd. 2,668 3,261
Evolution Mining, Ltd. (I) 59,120 93,040
FKP Property Group, Ltd. 117,455 55,578
Fleetwood Corp., Ltd. 6,290 71,810
FlexiGroup, Ltd. 67,927 150,303
Flight Centre, Ltd. 7,476 132,190
Flinders Mines, Ltd. (I) 121,835 16,532
Focus Minerals, Ltd. (I) 509,833 18,334
Forge Group, Ltd. 8,127 38,949
Galaxy Resources, Ltd. (I) 16,452 9,877
Geodynamics, Ltd. (I) 31,447 3,668
Gindalbie Metals, Ltd. (I) 58,827 27,151
Gloucester Coal Ltd. (I) 355 2,386
Goodman Fielder, Ltd. 337,450 193,265
GrainCorp., Ltd. 31,091 284,052
Grange Resources Corp., Ltd. 43,931 22,426
Greenland Minerals & Energy, Ltd. (I) 35,101 12,408
Gryphon Minerals, Ltd. (I) 22,746 14,871
GUD Holdings, Ltd. 12,070 96,227
Gujarat NRE Coking Coal, Ltd. (I) 21,875 3,833
Gunns, Ltd. (I) 100,882 15,723
GWA International, Ltd. 27,947 53,993
Hastie Group, Ltd. (I) 3,144 490
Hills Industries, Ltd. 27,614 28,356
Horizon Oil, Ltd. (I) 112,280 29,464
Icon Energy, Ltd. (I) 23,206 4,504
iiNET, Ltd. 19,563 58,985
Imdex, Ltd. 34,099 69,607
IMFAustralia, Ltd. 16,845 23,634
Independence Group NL 25,364 88,296
Indophil Resources NL (I) 69,983 26,477
Industrea, Ltd. 53,156 65,719
Infigen Energy (I) 70,305 14,737
Infomedia, Ltd. 45,314 9,259
Integra Mining, Ltd. (I) 106,118 47,813
International Ferro Metals, Ltd. (I) 9,556 2,014
Intrepid Mines, Ltd. (I) 48,378 25,786
Invocare, Ltd. 12,728 101,473
IOOF Holdings, Ltd. 29,308 159,111
Iress Market Technology, Ltd. 17,791 105,118
Iron Ore Holdings, Ltd. (I) 4,139 4,537
Ivanhoe Australia, Ltd. (I) 26,052 15,851
JB Hi-Fi, Ltd. (L) 6,827 60,941
Kagara, Ltd. (I) 47,616 5,566
Karoon Gas Australia, Ltd. (I) 19,998 94,076
Kingsgate Consolidated, Ltd. 22,541 114,928
Kingsrose Mining, Ltd. 22,716 26,696
Linc Energy, Ltd. (I) 50,055 40,131
Liquefied Natural Gas, Ltd. (I) 19,165 6,136
Lycopodium, Ltd. 605 3,769
M2 Telecommunications Group, Ltd. 9,838 32,424
Macmahon Holdings, Ltd. 118,066 73,679

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
Macquarie Atlas Roads Group (I) 40,960 $ 61,407
Marengo Mining, Ltd. (I) 31,237 5,316
Matrix Composites & Engineering, Ltd. 1,943 3,922
MaxiTRANS Industries, Ltd. 11,468 6,696
McMillan Shakespeare, Ltd. 7,069 76,692
McPherson’s, Ltd. 18,009 31,394
Medusa Mining, Ltd. 26,583 135,382
Melbourne IT, Ltd. 10,791 18,383
MEO Australia, Ltd. (I) 24,107 6,091
Mermaid Marine Australia, Ltd. 28,786 83,412
Metals X, Ltd. (I) 128,000 20,496
Metminco, Ltd. (I) 88,614 11,171
Mincor Resources NL 36,432 24,830
Mineral Deposits, Ltd. (I) 2,811 13,386
Mineral Resources, Ltd. 3,195 31,124
Mirabela Nickel, Ltd. (I) 82,113 24,627
Molopo Energy, Ltd. (I) 28,437 16,305
Monadelphous Group, Ltd. 12,016 251,023
Mortgage Choice, Ltd. 11,340 14,676
Mount Gibson Iron, Ltd. 154,233 144,785
Murchison Metals, Ltd. (I)(L) 59,669 27,303
Myer Holdings, Ltd. (L) 85,630 160,420
Nanosonics, Ltd. (I) 8,290 3,990
Navitas, Ltd. 34,850 132,084
Neon Energy, Ltd. (I) 51,453 17,437
Neptune Marine Services, Ltd. (I) 23,710 577
Newsat, Ltd. (I) 19,517 13,211
Nexbis, Ltd. (I) 42,793 3,836
Nexus Energy, Ltd. (I) 135,379 23,604
NIB Holdings, Ltd. 31,272 47,651
Noble Mineral Resources, Ltd. (I) 41,564 12,724
Northern Iron, Ltd. (I) 12,457 11,929
Northern Star Resources, Ltd. (I) 31,835 20,832
NRW Holdings, Ltd. 23,964 77,788
Nucoal Resources NL (I) 12,707 3,216
Nufarm, Ltd. 23,600 113,604
Oakton, Ltd. 9,591 10,233
OceanaGold Corp. (I) 26,783 47,973
OneSteel, Ltd., ADR 195,304 199,625
OPUS Group, Ltd. 4,502 2,324
Orocobre, Ltd. (I) 3,375 4,170
OrotonGroup, Ltd. 2,980 21,036
Pacific Brands, Ltd. 174,508 94,091
Paladin Resources, Ltd. (I)(L) 120,776 153,024
Pan Australian Resources, Ltd. (I) 4,183 11,623
Pan Pacific Petroleum NL (I) 67,247 9,156
Panoramic Resources, Ltd. 27,777 21,111
PaperlinX, Ltd. (I) 65,071 4,624
Peet, Ltd. 33,458 26,735
Perilya, Ltd. (I) 45,690 13,292
Perpetual, Ltd. 6,326 136,144
Perseus Mining, Ltd. (I) 62,541 157,259
Pharmaxis, Ltd. (I) 39,176 44,002
Photon Group, Ltd. (I) 155,087 5,876
Platinum Australia, Ltd. (I) 36,499 2,751
PMP, Ltd. 35,022 13,118
Premier Investments, Ltd. 15,519 72,322
Prima Biomed Ltd. (I) 37,664 5,485
Primary Health Care, Ltd. 50,418 137,452
Prime Media Group, Ltd. 15,587 10,636
PrimeAG Australia, Ltd. 9,457 10,131
Programmed Maintenance Services, Ltd. 21,300 49,222
Ramelius Resources, Ltd. (I) 58,054 26,425
RCR Tomlinson, Ltd. 22,598 36,531
REA Group, Ltd. 8,788 119,976

 

72

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
Reckon, Ltd. 14,138 $ 28,324
Red Fork Energy, Ltd. (I) 26,175 22,061
Redflex Holdings, Ltd. 5,472 11,903
Regis Resources, Ltd. (I) 31,914 119,585
Resolute Mining, Ltd. (I) 67,934 99,880
Resource Generation, Ltd. (I) 9,069 2,651
Retail Food Group, Ltd. 1,348 3,539
Rex Minerals, Ltd. (I) 25,561 25,923
Rialto Energy, Ltd. (I) 28,425 6,188
Ridley Corp., Ltd. 27,918 27,449
Roc Oil Company, Ltd. (I) 93,673 32,669
SAI Global, Ltd. 33,772 153,211
Salmat, Ltd. 15,825 32,483
Samson Oil & Gas, Ltd. (I) 96,490 9,105
Sandfire Resources Nl (I) 12,577 91,332
Saracen Mineral Holdings, Ltd. (I) 68,311 35,692
Sedgman, Ltd. 15,038 23,797
Senex Energy, Ltd. (I) 88,342 78,179
Servcorp, Ltd. 10,693 29,256
Service Stream, Ltd. 8,282 2,740
Seven Network, Ltd. (I) 774 6,323
Sigma Pharmaceuticals, Ltd. 111,268 66,018
Silex Systems, Ltd. (I) 12,058 42,074
Silver Lake Resources, Ltd. (I) 13,616 36,693
Sirtex Medical, Ltd. 4,948 28,851
Skilled Group, Ltd. 2,114 4,735
Slater & Gordon, Ltd. 1,921 3,271
SMS Management & Technology, Ltd. 12,633 63,310
Southern Cross Media Group, Ltd. 87,999 109,681
Spark Infrastructure Group (S) 189,679 283,280
Specialty Fashion Group, Ltd. (I) 51,331 25,479
Spotless Group, Ltd. 25,238 61,218
St. Barbara, Ltd. (I) 50,884 99,504
Starpharma Holdings, Ltd. (I) 34,906 53,784
Straits Metals, Ltd. (I) 26,787 14,601
STW Communications Group, Ltd. 36,346 33,227
Sundance Energy Australia, Ltd. (I) 23,808 13,506
Sundance Resources, Ltd. (I) 390,505 159,116
Super Cheap Auto Group, Ltd. 19,769 136,289
Swick Mining Services, Ltd. 30,800 8,405
Talent2 International, Ltd. 6,000 4,352
Tanami Gold NL (I) 15,678 11,990
Tap Oil, Ltd. (I) 27,939 18,202
Tassal Group, Ltd. 11,577 15,269
Technology One, Ltd. 32,670 37,946
Ten Network Holdings, Ltd. 157,654 106,517
Terramin Australia, Ltd. (I) 16,521 1,609
Texon Petroleum, Ltd. (I) 9,694 5,564
TFS Corp., Ltd. 25,702 12,632
Thakral Holdings Group, Ltd. 63,390 46,902
The Reject Shop, Ltd. 3,107 30,354
The Trust Company, Ltd 2,734 12,465
Thorn Group, Ltd. 15,982 23,569
Tiger Resources, Ltd. (I) 48,884 13,995
Tox Free Solutions, Ltd. 15,937 38,279
TPG Telecom, Ltd. 56,387 97,729
Transfield Services, Ltd. 79,262 151,873
Transpacific Industries Group, Ltd. (I) 118,476 94,256
Troy Resources NL 9,374 37,592
UXC, Ltd. 32,540 17,099
Village Roadshow, Ltd. 20,000 61,157
Virgin Australia Holdings, Ltd. (I) 252,517 1,230
Virgin Australia Holdings, Ltd.    
(Australian Exchange) (I) 252,517 104,348
Watpac, Ltd. 13,238 8,510

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
WDS, Ltd. 18,432 $ 8,956
Webjet, Ltd. 5,245 17,191
Western Areas NL (L) 17,246 74,666
Western Desert Resources, Ltd. (I) 18,135 17,109
White Energy Company, Ltd. (I) 29,677 9,377
WHK Group, Ltd. 26,888 21,846
Wide Bay Australia, Ltd. 4,752 26,771
Windimurra Vanadium, Ltd. (I) 26,928 0
Wotif.com Holdings, Ltd. (L) 16,900 67,837
 
    13,785,100
Austria - 0.8%    
A-TEC Industries AG (I) 1,566 1,627
Agrana Beteiligungs AG 614 64,608
Andritz AG 1,134 60,197
Austria Technologie & Systemtechnik AG 726 7,370
Austriamicrosystems AG 1,779 125,017
BWT AG 1,074 17,871
CA Immobilien Anlagen AG (I) 1,728 16,396
Cat Oil AG 1,611 10,473
EVN AG 4,612 56,424
Flughafen Wien AG 1,963 77,364
Intercell AG (I)(L) 8,699 20,879
Kapsch Trafficcom AG 672 53,307
Lenzing AG 1,736 152,686
Mayr-Melnhof Karton AG 952 85,976
Oesterreichische Post AG 5,423 179,704
Palfinger AG 1,901 43,691
Polytec Holding AG 2,326 18,705
RHI AG 4,055 88,645
Rosenbauer International AG 534 27,028
S IMMO AG 5,213 26,725
S&T System Integration & Technology    
Distribution AG (I) 487 1,265
Schoeller-Bleckmann Oilfield Equipment AG 1,759 143,553
Semperit AG Holding 1,709 61,279
Strabag SE (I) 1,258 27,533
Uniqa Versicherungen AG (I)(L) 4,818 73,955
Warimpex Group AG (I)(L) 3,221 3,264
Wienerberger AG 13,027 117,080
Zumtobel AG 2,859 35,541
 
    1,598,163
Bahamas - 0.0%    
United International Enterprises 196 27,359
Belgium - 1.2%    
Ablynx NV (I) 2,975 10,081
Ackermans & Van Haaren NV 3,861 300,515
AGFA Gevaert NV (I) 26,584 41,793
AGFA Gevaert NV, ADR (I) 5,388 7
Arseus NV 3,585 65,401
Atenor Group 162 5,249
Banque Nationale de Belgique 28 70,457
Barco NV 2,028 112,657
Compagnie d’Entreprises CFE 1,539 74,325
Compagnie Immobiliere de Belgique SA 440 14,201
Compagnie Maritime Belge SA 2,157 48,962
D’ieteren SA 4,980 188,769
Deceuninck Plastics NV (I) 2,954 3,155
Devgen (I) 2,183 17,450
Duvel Moortgat SA (L) 230 22,097
Econocom Group SA 1,728 36,852
Elia System Operator SA 4,994 188,735
Euronav NV (I) 3,699 28,802
EVS Broadcast Equipment SA (L) 2,123 102,234

 

73

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Belgium (continued)    
Exmar NV 7,510 $ 46,793
Galapagos NV (I)(L) 3,122 45,663
Gimv NV 607 27,760
Image Recognition Integrated Systems 78 2,940
Ion Beam Applications SA (I) 2,739 12,994
Kinepolis Group NV 936 73,274
Lotus Bakeries SA 34 20,996
Melexis NV 4,178 61,998
Mobistar SA (L) 1,644 48,685
Nyrstar (I) 24,075 144,458
Picanol (I) 46 597
Recticel SA 2,402 12,901
Roularta Media Group NV 668 12,636
Sapec SA (I) 305 14,157
Sipef SA 1,157 89,932
Tessenderlo Chemie NV 5,219 135,454
ThromboGenics NV (I) 5,226 149,791
Van De Velde NV 1,145 50,393
 
    2,283,164
Bermuda - 0.6%    
Catlin Group, Ltd. 63,850 394,933
COL Capital, Ltd. 28,000 3,824
Frontline, Ltd. 7,673 36,483
Golden Ocean Group, Ltd. (L) 54,737 41,651
Hardy Underwriting Bermuda, Ltd. 7,592 32,483
Hiscox, Ltd. 56,869 348,265
Lancashire Holdings, Ltd. 23,433 272,836
Northern Offshore, Ltd. 18,330 31,180
Omega Insurance Holdings, Ltd. (I) 3,076 3,134
 
    1,164,789
Canada - 10.8%    
5N Plus, Inc. (I) 3,689 9,286
Aastra Technologies, Ltd 834 12,346
Absolute Software Corp. (I) 6,665 36,782
Advantage Oil & Gas, Ltd. (I) 28,208 78,382
Aecon Group, Inc. 7,528 86,661
AEterna Zentaris, Inc. (I) 900 444
AG Growth International, Inc. 2,200 77,789
AGF Management, Ltd. 13,999 158,172
Aimia, Inc. 11,394 145,948
Ainsworth Lumber Company, Ltd. (I) 5,403 6,382
Akita Drilling, Ltd. 300 2,905
Alamos Gold, Inc. 17,060 308,545
Alexco Resource Corp. (I) 6,700 31,332
Algoma Central Corp. 160 17,668
Algonquin Power & Utilities Corp. 16,753 102,349
Alliance Grain Traders, Inc. 1,814 19,723
AltaGas, Ltd. 3,312 92,352
Alterra Power Corp. (I) 14,306 5,887
Altius Minerals Corp. (I) 2,400 24,631
Altus Group Ltd. 2,300 16,768
Anderson Energy, Ltd. (I) 20,300 7,370
Angle Energy, Inc. (I) 12,103 47,810
Antrim Energy, Inc. (I) 500 353
Arsenal Energy, Inc. (I) 37,930 20,932
Astral Media, Inc. 8,440 396,403
Atrium Innovations, Inc. (I) 4,900 53,846
ATS Automation Tooling Systems, Inc. (I) 13,091 104,819
Augusta Resource Corp. (I) 13,400 20,109
Aura Minerals, Inc. (I) 11,783 3,308
AuRico Gold, Inc. (I) 1,799 13,412
Aurizon Mines, Ltd. (I) 23,946 115,690
Autocanada, Inc. 500 5,993

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Avalon Rare Metals, Inc. (I)(L) 8,025 $ 11,888
Avenex Energy Corp. 6,900 22,113
Avion Gold Corp. (I) 26,800 13,233
Axia NetMedia Corp. (I) 9,200 13,896
B2Gold Corp. (I) 27,875 83,934
Badger Daylighting, Ltd. 1,150 27,836
Baja Mining Corp. (I) 19,900 3,275
Ballard Power Systems, Inc. (I) 9,800 11,386
Bankers Petroleum, Ltd. (I) 43,086 85,934
Bellatrix Exploration, Ltd. (I) 17,606 56,763
Bellus Health, Inc. (I) 116 90
BioExx Specialty Proteins, Ltd. (I) 22,280 1,834
Birch Mountain Resources, Ltd. (I) 11,200 4
Birchcliff Energy, Ltd. (I)(L) 16,253 97,406
Bird Construction, Inc. 4,605 63,356
Black Diamond Group, Ltd. (L) 3,632 80,879
BlackPearl Resources, Inc. (I) 36,440 135,479
BMTC Group, Inc., Class A (I) 3,096 56,653
Bonterra Energy Corp. 1,207 54,411
Boralex, Inc. (I) 3,000 22,656
Brigus Gold Corp. (I) 11,925 9,814
Burcon Nutrascience Corp. (I) 1,800 11,938
C&c Energia, Ltd. (I) 2,600 17,067
Calfrac Well Services, Ltd. 4,613 102,323
Calian Technologies, Ltd. 500 10,142
Calvalley Petroleums, Inc. (I) 9,777 14,767
Canaccord Financial, Inc.    
(London Exchange) (L) 2,016 12,271
Canaccord Financial, Inc. (Toronto Exchange) 14,977 85,554
Canacol Energy, Ltd. (I) 19,000 12,325
Canada Bread Company, Ltd. 2,640 122,945
Canada Lithium Corp. (I) 5,500 1,944
Canadian Energy Services & Technology Corp. 4,950 52,383
Canadian Helicopters Group, Inc. 300 9,411
Canadian Western Bank 9,597 247,254
Canam Group, Inc. (I) 5,270 26,022
Candente Copper Corp. (I) 8,600 5,662
Canexus Corp. 7,100 59,049
Canfor Corp. (I) 15,201 164,248
Canfor Pulp Products, Inc. 5,479 54,904
Cangene Corp. (I) 3,800 5,850
Canwel Building Materials Group, Ltd. 2,900 7,019
Canyon Services Group, Inc. 6,800 70,841
Capital Power Corp. 7,448 167,586
Capstone Infrastructure Corp. 8,573 33,616
Capstone Mining Corp. (I) 37,380 85,049
Cardero Resource Corp. (I) 7,700 5,368
Cardiome Pharma Corp. (I) 8,400 3,660
Carpathian Gold, Inc. (I) 20,000 6,003
Cascades, Inc. 12,218 52,168
Catalyst Paper Corp. (I) 54,263 22
Cathedral Energy Services, Ltd. 5,100 27,899
CCL Industries, Inc. 4,178 149,588
CE Franklin, Ltd. (I) 2,786 34,122
Celestica, Inc. (I) 30,304 220,345
Celtic Exploration, Ltd. (I) 10,392 124,762
Cequence Energy, Ltd. (I) 7,892 9,322
China Gold    
International Resources Corp., Ltd. (I) 34,900 113,534
Chinook Energy, Inc. (I) 4,591 4,667
Churchill Corp. 3,100 36,437
Cineplex, Inc. 6,670 190,313
Claude Resources, Inc. (I) 21,200 13,342
Cline Mining Corp. (I)(L) 9,200 7,393
CML Healthcare, Inc. 9,961 96,924

 

74

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Coastal Contacts, Inc. (I) 6,222 $ 15,663
Cogeco Cable, Inc. 2,852 127,130
Cogeco, Inc. 200 8,150
Colabor Group, Inc. 1,900 14,165
Colossus Minerals, Inc. (I) 7,150 29,421
COM DEV International, Ltd. (I) 8,800 21,300
Computer Modelling Group, Ltd. 4,300 72,274
Connacher Oil and Gas, Ltd. (I) 55,557 27,433
Constellation Software, Inc. 1,700 145,599
Contrans Group, Inc., Class A 4,660 41,238
Copper Mountain Mining Corp. (I) 5,675 21,978
Corby Distilleries, Ltd. 2,822 44,126
Corridor Resources, Inc. (I)(L) 11,000 5,325
Corus Entertainment, Inc. (L) 12,190 277,354
Cott Corp. (I) 2,200 16,632
Cott Corp. (U.S. Exchange) (I) 9,183 69,794
Crew Energy, Inc. (I) 12,973 73,101
Crocotta Energy, Inc. (I) 6,200 14,527
Crown Point Ventures, Ltd. (I) 97 66
Davis & Henderson Corp. 8,651 143,646
Deethree Exploration, Ltd. (I) 8,900 30,762
Delphi Energy Corp. (I) 14,600 18,376
Denison Mines Corp. (I) 50,999 76,534
Detour Gold Corp. (I) 181 3,713
DirectCash Payments, Inc. 600 14,407
Dorel Industries, Inc., Class B 5,185 130,723
DragonWave, Inc. (I) 4,900 15,141
DragonWave, Inc. (U.S. Exchange) (I) 2,598 8,125
Duluth Metals, Ltd. (I) 17,000 33,083
Dundee Precious Metals, Inc. (I) 14,800 90,274
E-L Financial Corp., Ltd. 74 29,805
Eastern Platinum, Ltd. (I) 112,023 28,742
Easyhome, Ltd. 700 4,717
Eco Oro Minerals Corp. (I) 4,600 9,086
Eldorado Gold Corp. 1,616 17,930
Electrovaya, Inc. (I) 5,656 3,340
Enbridge Income Fund Holdings, Inc. 2,246 52,168
Endeavour Silver Corp. (I) 6,200 54,325
Enerflex, Ltd. 12,443 128,303
Enghouse Systems, Ltd. 2,100 27,265
Ensign Energy Services, Inc. 19,322 246,003
Entree Gold, Inc. (I) 7,500 5,156
Epsilon Energy, Ltd. (I) 5,500 8,999
Equal Energy, Ltd. (I) 729 2,230
Equitable Group, Inc. 1,700 42,745
Essential Energy Services, Ltd. 14,600 33,077
Evertz Technologies, Ltd. 4,539 60,426
Excellon Resources, Inc. (I) 14,100 7,372
Exchange Income Corp. 966 22,353
Exco Technologies, Ltd. 500 2,372
Exeter Resource Corp. (I) 7,379 13,574
Exfo, Inc. (I) 1,300 7,969
Exfo, Inc. (U.S. Exchange) (I) 3,212 18,939
Fairborne Energy, Ltd. (I) 13,600 21,990
Firm Capital Mortgage Investment Corp. 1,400 18,136
First Majestic Silver Corp (I) 11,500 159,665
First National Financial Corp. 500 7,140
FirstService Corp. (I) 4,440 115,809
Formation Metals, Inc. (I) 4,142 1,604
Forsys Metals Corp. (I)(L) 15,300 14,221
Fortress Paper, Ltd. (I) 1,804 31,439
Fortuna Silver Mines, Inc. (I) 8,800 34,677
Fortune Minerals, Ltd. (I) 3,334 2,324
Fraser Papers, Inc. (I) 4,800 0
Gamehost, Inc. 1,800 20,896

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Garda World Security Corp. (I) 7,300 $ 60,854
Genesis Land Development Corp. (I) 100 316
Genivar, Inc. 1,700 40,951
Genworth MI Canada, Inc. (L) 5,500 98,780
Geomark Exploration, Inc. (I) 5,776 4,194
Glacier Media, Inc. 8,800 17,722
Glentel, Inc. 2,200 28,862
Gluskin Sheff & Associates, Inc. 2,300 34,360
GLV, Inc., Class A (I) 1,851 5,591
GMP Capital, Inc. 8,154 45,631
Gran Tierra Energy, Inc. (I) 34,703 175,052
Great Canadian Gaming Corp. (I) 8,850 75,146
Great Panther Silver, Ltd. (I) 18,350 32,157
Guide Exploration, Ltd. (I) 19,750 30,213
Guyana Goldfields, Inc. (I) 7,300 15,267
Hanfeng Evergreen, Inc. (I) 3,700 6,806
Harry Winston Diamond Corp. (I) 10,720 133,059
Hemisphere GPS, Inc. (I) 10,400 7,250
Heroux-Devtek, Inc. (I) 3,900 30,963
High Liner Foods, Inc. 500 9,755
High River Gold Mines, Ltd. (I) 13,000 14,852
Home Capital Group, Inc. 5,312 223,723
Horizon North Logistics, Inc. 4,300 23,564
HudBay Minerals, Inc. 26,092 191,740
IBI Group, Inc. 1,900 21,137
IMAX Corp. (I) 8,449 179,721
Imperial Metals Corp. (I) 5,200 56,941
Imris, Inc. (I) 2,000 6,293
Innergex Renewable Energy, Inc. 10,549 111,838
Inter Citic Minerals, Inc. (I) 13,600 10,797
Intermap Technologies Corp. (I) 5,800 983
International Forest Products, Ltd. (I) 5,550 25,255
International Tower Hill Mines, Ltd. (I) 4,097 13,844
Intertape Polymer Group, Inc. (I) 8,200 55,733
Ivanhoe Energy, Inc. (I) 32,400 25,409
Just Energy Group, Inc. 21,100 224,105
K-Bro Linen, Inc. 805 18,628
KAB Distribution, Inc. (I) 18,405 2
Katanga Mining, Ltd. (I) 66,538 63,778
Keegan Resources, Inc. (I) 3,731 12,354
Killam Properties Inc. 7,490 92,823
Kimber Resources, Inc. (I) 1,750 1,135
Kingsway Financial Services, Inc. (I) 8,700 5,391
Kirkland Lake Gold, Inc. (I) 5,309 55,000
La Mancha Resources, Inc. (I) 13,311 28,095
Labrador Iron Mines Holdings, Ltd. (I) 2,897 8,583
Lake Shore Gold Corp. (I) 39,157 32,604
Laramide Resources, Ltd. (I) 11,400 9,713
Laurentian Bank of Canada 6,628 274,977
Le Chateau, Inc. 2,400 3,486
Legacy Oil & Gas, Inc. (I) 19,652 139,658
Leisureworld Senior Care Corp. 3,734 43,166
Leon’s Furniture, Ltd. 7,809 82,487
Linamar Corp. 12,009 248,586
Liquor Stores N.A., Ltd. 2,686 46,550
MacDonald Dettwiler & Associates, Ltd. 5,148 219,358
MAG Silver Corp. (I) 5,100 39,700
Mainstreet Equity Corp. (I) 900 23,527
Major Drilling Group International 12,132 140,954
Manitoba Telecom Services, Inc. 2,800 91,413
Maple Leaf Foods, Inc. 14,133 158,729
Martinrea International, Inc. (I) 11,418 90,760
Maxim Power Corp. (I) 6,300 12,687
Mbac Fertilizer Corp. (I) 1,500 3,936
Mediagrif Interactive Technologies, Inc. 600 9,556

 

75

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Mega Brands Inc. (I) 207 $ 1,287
Mega Uranium, Ltd. (I) 26,600 5,151
Mercator Minerals, Ltd. (I) 13,175 8,164
Methanex Corp. 2,062 57,657
MI Developments, Inc. (I) 6,449 210,794
Migao Corp. (I) 3,400 9,053
Minera Andes Acquisition Corp. (I) 9,225 20,543
Miranda Technologies, Inc. (I) 2,700 27,684
Mood Media Corp. (I) 9,000 25,531
Morneau Shepell, Inc. 6,655 75,967
Mullen Group, Ltd. 13,066 270,213
NAL Energy Corp. (L) 10,408 63,485
Nautilus Minerals, Inc. (I)(L) 20,040 39,900
Neo Material Technologies, Inc. (I) 10,100 100,624
Nevada Copper Corp. (I) 6,158 12,044
Newalta, Inc. 2,875 38,831
NGEx Resources, Inc. (I) 15,800 33,654
Niko Resources, Ltd. 1,600 47,403
Norbord, Inc. (I) 3,223 37,227
Nordion, Inc. 15,568 139,273
North American Energy Partners, Inc. (I) 1,632 5,072
North American Palladium, Ltd. (I) 8,050 18,706
Northern Dynasty Minerals, Ltd. (I) 7,976 21,623
Northland Power, Inc. 8,800 151,828
Novacopper, Inc. (I) 2,683 6,234
Novagold Resources, Inc. (I) 16,100 92,125
NuVista Energy, Ltd. (I) 13,002 42,801
Oncolytics Biotech, Inc. (I) 3,800 13,686
Orvana Minerals Corp. (I) 9,998 8,325
Pace Oil And Gas, Ltd. (I) 3,758 11,825
Paladin Labs, Inc. (I) 1,400 60,319
Pan American Silver Corp. 3,796 63,766
Paramount Resources, Ltd. (I) 6,255 164,240
Parex Resources, Inc. (I) 7,400 41,913
Parkland Fuel Corp. 4,300 58,535
Pason Systems, Inc. 9,795 142,726
Peregrine Diamonds, Ltd. (I) 13,425 7,539
Perpetual Energy, Inc. 12,832 9,939
Petaquilla Minerals, Ltd. (I) 10,038 3,985
PetroBakken Energy, Ltd., Class A 1,553 17,186
Petrobank Energy & Resources, Ltd. (I) 15,398 160,711
PHX Energy Services Corp. 1,756 14,417
Pilot Gold, Inc. (I) 4,070 3,507
Platinum Group Metals, Ltd. (I) 11,200 13,229
Points International, Ltd. (I) 1,650 18,515
Polymet Mining Corp. (I) 13,500 9,542
Precision Drilling Corp. (I) 16,893 131,827
Premium Brands Holdings Corp. 3,245 58,877
Primero Mining Corp. (I) 2,800 7,835
Progress Energy Resources Corp. (L) 9,500 102,924
Pulse Seismic, Inc. 10,627 22,533
Pure Energy Services, Ltd. 2,400 15,220
QLT, Inc. (I) 8,200 62,323
Quebecor, Inc. 7,318 267,468
Queenston Mining, Inc. (I) 5,100 18,023
Questerre Energy Corp. (I) 23,900 14,578
Reitmans Canada, Ltd. 1,503 20,649
Reitmans Canada, Ltd., Class A 7,751 105,063
Resverlogix Corp. (I) 5,300 7,081
Richelieu Hardware, Ltd. 2,700 80,384
Richmont Mines, Inc. (I) 3,200 18,620
RMP Energy, Inc. (I) 6,051 8,964
Rock Energy, Inc. (I) 373 412
Rocky Mountain Dealerships, Inc. 2,200 23,750
Rogers Sugar, Inc. 10,018 56,159

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
RONA, Inc. 21,130 $ 199,056
RS Technologies, Inc. (I) 184 22
Rubicon Minerals Corp. (I) 21,100 58,222
Russel Metals, Inc. (L) 10,237 252,245
Sabina Gold & Silver Corp. (I) 8,968 19,797
San Gold Corp. (I) 18,482 25,589
Sandvine Corp. (I) 19,900 31,598
Savanna Energy Services Corp. 12,084 93,012
Scorpio Mining Corp. (I) 23,316 19,188
Seabridge Gold, Inc. (I) 5,145 79,752
Secure Energy Services, Inc. (I) 6,352 51,660
SEMAFO, Inc. 32,100 163,165
Shawcor, Ltd., Class A 9,851 323,328
Sherritt International Corp. 48,323 238,141
Shore Gold, Inc. (I) 400 97
Sierra Wireless, Inc. (I) 3,750 33,766
Sierra Wireless, Inc.    
(Canadian Exchange) (I)(L) 2,900 26,042
Silver Standard Resources, Inc. (I) 11,791 130,028
Smart Technologies, Inc. (I) 500 649
Softchoice Corp. (I) 2,100 23,890
Sonde Resources Corp. (I) 2,297 4,292
Southern Pacific Resource Corp. (I) 58,670 86,342
SouthGobi Energy Resources, Ltd. (I) 4,080 20,818
Sprott Resource Corp. (I) 12,141 46,784
Sprott Resource Lending Corp. 18,000 26,141
Sprott, Inc. 4,300 20,400
St Andrew Goldfields, Ltd. (I) 15,500 5,403
Stantec, Inc. 8,568 258,736
Stella-jones, Inc. 700 36,083
Stornoway Diamond Corp. (I) 2,566 2,062
Strad Energy Services, Ltd. (I) 1,400 7,279
Student Transportation of America, Ltd. 9,810 65,251
SunOpta, Inc. (I) 6,171 37,103
SunOpta, Inc. (U.S. Exchange) (I) 800 4,816
Superior Plus Corp. (L) 14,000 92,850
Surge Energy, Inc. (I) 6,809 53,135
Tanzanian Royalty Exploration Corp. (I)(L) 10,900 39,153
Taseko Mines, Ltd. (I) 19,800 51,951
Tembec, Inc. (I) 8,630 17,630
Teranga Gold Corp. (I) 10,798 20,700
Teranga Gold Corp., ADR (I) 3,505 6,801
The Brick, Ltd. (I) 4,900 18,645
The Cash Store Financial Services, Inc. 1,710 9,901
The Descartes Systems Group, Inc. (I) 7,900 65,244
The North West Company, Inc. 6,069 125,805
Theratechnologies, Inc. (I) 6,398 9,416
Timmins Gold Corp. (I) 16,000 27,264
TMX Group, Inc. 11,500 512,732
Torex Gold Resources, Inc. (I) 26,321 46,635
Toromont Industries, Ltd. 12,443 257,209
Torstar Corp. 8,400 77,831
Total Energy Services, Inc. 4,702 67,012
Transcontinental, Inc. 11,675 108,515
TransForce, Inc. 11,166 196,109
Transglobe Energy Corp. (I) 8,300 86,066
Transition Therapeutics, Inc. (I) 3,200 6,351
Trican Well Service, Ltd. 6,400 75,845
Trinidad Drilling, Ltd. 19,700 108,719
Tuscany International Drilling, Inc. (I) 500 252
Twin Butte Energy, Ltd. 32,275 81,559
UEX Corp. (I) 14,600 8,764
Uni-Select, Inc. 2,200 60,812
Valener, Inc. 4,282 61,192
Vecima Networks, Inc. (I) 2,921 10,747

 

76

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Veresen, Inc. 5,210 $ 65,475
Vero Energy, Inc. 5,900 13,024
Vicwest, Inc. 1,763 16,882
Virginia Mines, Inc. (I) 3,063 26,008
Vitran Corp., Inc. (I) 300 2,085
Wajax Corp. 2,223 108,992
Wesdome Gold Mines, Ltd. (I) 11,600 10,445
West Fraser Timber Company, Ltd. 6,481 294,229
Westaim Corp. (I) 500 353
Western Forest Products, Inc. (I) 4,500 3,616
Westfire Energy, Ltd. (I) 7,600 34,510
Westport Innovations, Inc. (I)(L) 3,900 96,325
Whistler Blackcomb Holdings, Inc. 1,300 13,606
Whitecap Resources, Inc. (I) 12,230 91,531
Wi-LAN, Inc. 19,500 95,532
Winpak, Ltd. 6,500 94,462
Xceed Mortgage Corp. (I) 1,400 1,681
Xtreme Drilling And Coil Services Corp. (I) 6,548 14,518
YM Biosciences, Inc. (I) 600 1,185
Yukon-Nevada Gold Corp. (I) 5,000 1,331
Zargon Oil & Gas, Ltd. 4,375 42,782
 
    21,328,276
Cayman Islands - 0.0%    
Endeavour Mining Corp. (I) 10,318 21,178
China - 0.1%    
Aupu Group Holding Company, Ltd. 108,000 9,189
Bund Center Investment, Ltd. (I) 222,000 31,181
China XLX Fertiliser, Ltd. 70,000 15,507
Delong Holdings, Ltd. (I) 45,500 10,559
HanKore Environment Tech Group, Ltd. (I) 84,000 2,144
Sino Dragon New Energy Holdings, Ltd. (I) 120,000 4,637
Sound Global, Ltd. 79,000 34,524
Sunvic Chemical Holdings, Ltd. (I) 41,000 8,785
 
    116,526
Colombia - 0.0%    
Petrominerales, Ltd. 4,649 62,116
Cyprus - 0.2%    
Bank of Cyprus PLC (I) 157,222 53,816
Deep Sea Supply PLC (I) 12,571 21,446
Marfin Popular Bank PLC (I) 38,018 3,950
ProSafe ASA 22,447 154,181
Songa Offshore SE (I) 22,892 56,859
 
    290,252
Denmark - 1.1%    
ALK-Abello A/S 1,160 73,761
Alm Brand A/S (I) 11,260 22,155
Ambu A/S 800 19,177
Auriga Industries (I) 2,034 24,202
Bang & Olufsen A/S (I) 5,364 54,912
Bavarian Nordic A/S (I) 3,597 28,436
BoConcept Holding A/S 75 1,404
Brodrene Hartmann A/S 800 14,511
D/S Norden A/S 4,158 108,208
Dalhoff Larsen & Horneman A/S (I) 2,500 1,846
DFDS A/S 608 31,374
DiBa Bank A/S (I) 550 3,684
East Asiatic Company, Ltd. A/S 1,837 42,758
Fluegger A/S 225 12,910
Genmab A/S (I) 4,023 28,405
GN Store Nord A/S 32,250 378,889
Gronlandsbanken 20 1,368
Harboes Bryggeri A/S 441 6,606

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Denmark (continued)    
IC Companys A/S 3,014 $ 53,211
Jeudan A/S 492 35,946
Jyske Bank A/S (I) 1,900 49,831
NeuroSearch A/S (I) 2,902 2,711
Newcap Holding A/S (I) 9,300 1,271
NKT Holding A/S 3,678 128,804
Nordjyske Bank A/S 1,190 12,872
Ostjydsk Bank A/S (I) 213 9,387
Pandora A/S 4,387 44,797
Parken Sport & Entertainment A/S (I) 864 10,404
PER Aarsleff A/S 420 28,834
Ringkjoebing Landbobank A/S 528 61,931
Rockwool International A/S 698 60,115
Royal Unibrew A/S 1,841 122,405
Schouw & Company A/S 2,506 50,465
SimCorp A/S 759 118,495
Solar Holdings A/S 900 47,422
Spar Nord Bank A/S (I) 16,304 57,801
Sparbank (I) 275 1,784
Sydbank A/S (I) 11,498 189,096
Thrane & Thrane A/S 800 59,100
TK Development A/S (I) 3,786 8,885
Topdanmark A/S (I) 1,148 185,340
TopoTarget A/S (I)(L) 15,000 8,569
Torm A/S (I) 2,787 925
Vestjysk Bank A/S (I) 3,265 6,488
 
    2,211,495
Finland - 2.1%    
Ahlstrom OYJ 1,578 24,973
Alma Media OYJ 9,647 59,501
Amer Sports OYJ 19,909 232,405
Aspo OYJ 3,465 27,394
Atria PLC 1,229 7,597
BasWare OYJ 908 24,712
Biotie Therapies OYJ (I) 35,851 16,337
Cargotec Corp. OYJ 5,686 147,671
Citycon OYJ 28,282 78,300
Cramo OYJ 3,712 42,564
Digia PLC (I) 2,622 7,787
Elektrobit Corp. (I) 9,773 8,016
Etteplan OYJ 276 850
F-Secure OYJ 10,255 17,820
Finnair OYJ (I) 8,025 19,507
Finnlines OYJ (I) 2,378 19,630
Fiskars Corp. 7,608 138,566
HKScan OYJ 5,218 22,615
Huhtamaki OYJ 14,627 203,310
Ilkka-Yhtyma OYJ 2,083 15,594
KCI Konecranes OYJ 8,126 195,266
Kemira OYJ 17,832 186,400
Kesko OYJ, A Shares 163 4,122
Kesko OYJ, B Shares 1,265 31,735
Lannen Tehtaat OYJ 930 14,945
Lassila & Tikanoja OYJ (I) 6,239 70,544
Lemminkainen OYJ 993 20,967
M-Real OYJ (I) 35,974 81,480
Neste Oil OYJ 7,272 67,272
Okmetic OYJ 2,212 12,887
Olvi OYJ 2,436 56,764
Oriola-KD OYJ (L) 22,667 50,537
Orion OYJ, Series A 6,324 108,804
Orion OYJ, Series B 15,474 270,582
Outokumpu OYJ (I) 144,436 148,872
Outotec OYJ 7,484 296,440

 

77

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Finland (continued)    
PKC Group OYJ 3,132 $ 54,069
Ponsse OYJ (L) 1,465 12,213
Poyry OYJ 6,328 40,718
Raisio OYJ 23,464 63,197
Ramirent OYJ 12,110 85,664
Rapala VMC OYJ 617 3,969
Rautaruukki OYJ 13,574 93,325
Ruukki Group OYJ (I) 20,289 21,071
Sanoma OYJ (L) 12,542 105,035
Scanfil PLC (I) 3,082 2,557
Sievi Capital PLC (I) 3,082 3,816
Stockmann OYJ Abp, Series A 1,949 34,621
Stockmann OYJ Abp, Series B (L) 5,329 93,160
Stonesoft OYJ (I) 863 1,265
Talvivaara Mining Company PLC (I) 12,937 26,215
Technopolis PLC (L) 11,209 43,147
Tecnomen OYJ (I) 10,173 2,264
Teleste OYJ 1,377 6,506
Tieto OYJ 10,965 167,414
Tikkurila OYJ 6,772 113,039
Uponor OYJ 9,675 98,628
Vacon OYJ 1,631 74,916
Vaisala OYJ 1,483 27,223
YIT OYJ (L) 17,497 284,240
 
    4,191,038
France - 3.4%    
ABC Arbitrage 1,703 14,248
Akka Technologies SA 702 17,260
Ales Groupe SA 435 6,998
Altamir Amboise 2,914 23,126
Alten SA 3,929 105,970
Altran Technologies SA (I) 20,881 99,206
April Group SA 2,642 35,478
Archos SA (I) 3,176 18,088
Artprice.com (I)(L) 730 22,260
Assystem SA (I) 1,674 27,594
Atari SA (I) 3,415 5,316
AtoS 1,108 60,768
Audika Groupe 166 1,565
Avanquest Software SA (I) 1,218 2,261
Axway Software SA 728 12,441
Beneteau SA 7,288 78,740
Bigben Interactive (I) 28 252
Bioalliance Pharma SA (I) 2,414 10,333
Boiron SA 1,050 26,131
Bonduelle SCA 756 64,509
Bongrain SA 851 50,514
Bourbon SA (L) 7,717 181,027
Boursorama (I) 673 3,978
Bull SA (I) 19,925 59,840
Canal Plus SA 10,795 55,036
Catering International Services 64 6,491
Cegedim SA 484 14,277
Cegid SA 599 11,102
CFAO SA 4,601 195,966
Ciments Francais SA 612 32,176
Club Mediterranee SA (I) 4,835 81,325
Compagnie Plastic Omnium SA 3,587 83,352
Devoteam SA 1,307 15,064
Electricite de Strasbourg SA 142 17,054
Entrepose Contracting 58 7,173
Esso SAF 513 33,542
Etablissements Maurel et Prom SA 14,642 197,013
Euler Hermes SA 672 44,143

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
France (continued)    
Euro Disney SCA (I) 3,416 $ 15,686
Eurofins Scientific 1,300 146,615
Exel Industries SA 185 8,147
Faiveley Transport 1,169 49,948
Faurecia (L) 7,321 121,087
Financiere Marc de Lacharriere SA 1,072 41,338
Fleury Michon SA 344 13,767
GameLoft SA (I) 14,002 84,804
Gaumont SA 489 24,663
GEA 126 9,961
GFI Informatique SA 5,737 22,070
GL Events SA 910 16,998
Groupe Partouche SA (I) 293 460
Groupe Steria SA (L) 5,756 90,717
Guerbet SA 180 14,638
Guyenne & Gascogne SA 699 63,164
Haulotte Group SA (I) 1,531 10,003
Havas SA (L) 57,577 284,727
Hi-Media SA (I) 3,339 8,132
Ingenico SA (L) 5,924 250,612
Interparfums SA 985 26,201
Ipsen SA (L) 3,650 93,531
IPSOS SA 5,781 180,158
Jacquet Metal Service (I) 913 9,091
Kaufman & Broad SA (I) 788 14,040
Korian 2,067 30,517
Laurent-Perrier SA 543 43,064
Lectra SA 780 4,236
LISI SA 633 39,406
LVL Medical Groupe SA (I) 806 17,014
Maisons France Confort SA 510 12,494
Manitou BF SA 1,754 33,655
Manutan International 908 35,289
Marseill Tunnel Prado-Carena 219 6,155
Maurel & Prom Nigeria (I) 12,829 28,581
Medica SA (I) 1,379 21,100
Mersen (L) 2,765 69,870
Metropole Television SA 8,760 106,611
Montupet SA (I) 553 2,913
Naturex 902 53,261
Neopost SA 5,002 260,786
Nexans SA (L) 4,933 192,295
Nexity SA (L) 5,506 116,457
Nextradiotv 168 2,514
NicOx SA (I)(L) 14,863 57,024
Norbert Dentressangle SA 856 58,941
NRJ Group 1,793 13,016
Orpea SA 4,573 143,025
PagesJaunes Groupe (L) 13,290 29,833
Parrot SA (I) 1,209 29,673
Penauille Polyservices SA 11,988 28,613
Pierre & Vacances SA 562 10,915
Rallye SA (L) 4,156 118,503
Recylex SA (I) 2,162 6,554
Remy Cointreau SA 893 88,900
Robertet SA 258 38,347
Rubis SA 4,725 227,636
Sa des Ciments Vicat 1,716 88,721
Saft Groupe SA 5,050 116,630
Samse SA 285 21,443
Sartorius Stedim Biotech 544 38,458
Seche Environnement SA 243 6,366
Sechilienne-Sidec SA 3,059 40,509
Sequana SA (I) 1,840 6,988

 

78

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
France (continued)    
Societe Industrielle    
d’Aviations Latecoere SA (I) 833 $ 10,044
Societe Internationale de    
Plantations d’Heveas SA 180 16,663
Societe Television Francaise 1 14,283 105,680
SOITEC (I)(L) 15,512 50,649
Somfy SA 383 74,404
Sopra Group SA (I) 638 35,700
St Dupont SA (I) 16,508 8,179
Stallergenes SA 453 24,703
STEF-TFE Group (L) 954 44,703
Store Electronic (I) 124 1,494
Sword Group 465 5,433
Synergie SA 2,038 19,308
Technicolor SA (I) 8,670 18,753
Teleperformance SA (L) 8,271 198,590
Tessi SA 206 18,813
Theolia SA (I) 21,402 21,728
Thermador Groupe 74 4,675
Touax SA 265 7,656
Toupargel Groupe SA (I) 936 8,451
Transgene SA (I) 2,329 20,760
Trigano SA 2,853 35,469
UBISOFT Entertainment SA (I) 19,960 134,463
Union Financiere de France Banque SA 577 11,701
Vetoquinol SA 170 4,478
Viel & Compagnie SA 6,515 18,396
Vilmorin & Compagnie SA 867 85,100
Virbac SA 718 114,888
Vivalis SA (I) 2,112 13,406
VM Materiaux SA 539 14,455
Vranken-Pommery Monopole Group SA 407 10,479
 
    6,707,709
Gabon - 0.0%    
Total Gabon 99 43,145
Germany - 4.4%    
Aareal Bank AG (I) 8,129 120,968
ADVA AG Optical Networking (I) 5,896 33,572
Agennix AG (I) 1,121 2,317
Air Berlin PLC (I) 2,101 4,673
Aixtron AG, ADR (L) 3,360 49,426
Aixtron SE NA 10,316 151,053
Amadeus Fire AG 724 31,925
Asian Bamboo AG (L) 1,058 11,708
AUGUSTA Technologie AG 1,041 29,654
Aurubis AG 6,065 276,946
Baader Bank AG 4,116 10,133
Balda AG (L) 3,880 21,977
Bauer AG 1,324 28,404
BayWa AG 873 29,310
Beate Uhse AG (I) 8,223 3,356
Bechtle AG (I) 2,489 96,979
Bertrandt AG 902 64,920
Bijou Brigitte AG 33 2,811
Bilfinger Berger SE 68 5,242
Biotest AG 323 16,572
Boewe Systec AG (I) 126 10
Borussia Dortmund GmbH &    
Company KGaA (I) 6,165 16,717
Cancom AG (I) 717 11,051
Carl Zeiss Meditec AG 5,024 121,904
Celesio AG 5,293 72,950
CENIT AG 2,140 17,825
CENTROTEC Sustainable AG 1,362 22,621

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Germany (continued)    
Centrotherm Photovoltaics AG 1,431 $ 8,831
Cewe Color Holding AG 730 27,538
Comdirect Bank AG 4,577 40,975
CompuGroup Medical AG 1,996 29,621
Conergy AG (I)(L) 7,464 4,608
Constantin Medien AG (I) 7,438 13,813
CropEnergies AG 1,866 11,363
CTS Eventim AG 2,906 93,233
Curanum AG (I) 5,279 11,384
DAB Bank AG 3,886 17,207
Data Modul AG 635 11,068
Delticom AG 593 46,125
Deufol AG 4,397 5,166
Deutsche Beteiligungs AG 222 4,141
Deutsche Wohnen AG 14,152 218,964
Deutz AG (I) 13,332 69,546
Dialog Semiconductor PLC (I) 7,035 136,281
Douglas Holding AG 3,417 130,893
Draegerwerk AG & Company KGaA 195 17,570
Drillisch AG 6,749 68,842
Duerr AG (L) 1,766 99,476
DVB Bank AG 110 3,183
Eckert & Ziegler AG 307 8,421
ElringKlinger AG (L) 4,637 111,347
Euromicron AG (L) 849 20,061
Evotec AG (I) 25,197 63,940
First Sensor AG (I) 680 8,168
Freenet AG 18,757 258,695
Fuchs Petrolub AG 2,533 121,106
Gerresheimer AG (I) 4,151 182,289
Gerry Weber International AG (L) 2,850 109,318
Gesco AG 414 29,954
GFK AG 2,252 104,535
GFT Technologies AG 2,486 9,259
Gigaset AG (I) 4,683 10,061
Gildemeister AG 7,764 128,580
Grammer AG 1,241 21,070
Grenkeleasing AG 1,123 58,697
H&R AG 1,666 29,897
Hamburger Hafen und Logistik AG 2,494 62,706
Hawesko Holding AG 1,017 45,824
Heidelberger Druckmaschinen AG (I) 27,642 36,287
Homag Group AG (I) 716 8,780
Indus Holding AG 3,079 86,514
Init Innovation In Traffic Systems AG 697 16,160
Interseroh AG 362 25,960
Intershop Communications AG (I) 2,654 7,881
IVG Immobilien AG (I)(L) 15,879 30,943
Jenoptik AG 6,238 39,835
Kloeckner & Company SE (I)(L) 16,165 153,588
Koenig & Bauer AG (I) 1,108 18,634
Kontron AG (L) 10,694 66,279
Krones AG (L) 1,993 97,033
KSB AG 73 39,987
KUKA AG (I) 4,651 101,999
KWS Saat AG 290 70,095
Leoni AG 4,631 189,614
Loewe AG (I) 772 5,231
LPKF Laser & Electronics AG 1,274 20,180
Manz AG (I) 222 6,203
MasterFlex AG (I) 414 2,529
Mediclin AG (I) 8,179 38,441
Medigene AG (I) 3,374 4,666
MLP AG (I) 7,456 57,549
Mobotix AG 402 11,138

 

79

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Germany (continued)    
Mologen AG (I) 1,495 $ 21,074
Morphosys AG (I) 3,337 70,420
MTU Aero Engines Holding AG 2,709 198,479
MVV Energie AG 1,622 41,420
Nemetschek AG 1,050 38,972
Nordex AG (I) 6,023 24,434
Norma Group 319 7,254
Patrizia Immobilien AG (I) 800 4,655
Pfeiffer Vacuum Technology AG 1,681 171,975
Phoenix Solar AG (L) 220 494
Plambeck Neue Energien AG 5,657 10,960
Praktiker AG (I) 6,704 9,866
PSI AG 871 17,458
PVA TePla AG 1,400 5,203
QSC AG 10,874 25,677
R. Stahl AG 574 17,534
Rational AG 503 117,268
Rheinmetall AG 6,290 259,572
Rhoen-Klinikum AG (L) 20,251 551,409
SAF-Holland SA (I) 6,622 36,959
Sartorius AG 810 47,166
Schaltbau Holding AG (I) 124 12,138
Sedo Holding AG (I) 2,151 6,647
SGL Carbon SE (L) 1,679 63,292
SHB Stuttgarter Finanz & Beteiligungs AG 951 19,167
Singulus Technologies AG (I) 6,559 15,161
Sixt AG 1,581 28,456
SKW Stahl-Metallurgie Holding AG 296 4,700
Sky Deutschland AG (I) 46,953 132,120
SMA Solar Technology AG 721 21,881
SMT Scharf AG 409 10,885
Software AG 4,830 143,154
Solarworld AG (L) 13,581 25,333
Stada Arzneimittel AG (L) 10,586 301,073
STRATEC Biomedical AG 972 39,853
Stroer Out-of-Home Media AG (I) 1,485 14,692
Suss Microtec AG (I) 2,507 27,767
Symrise AG (L) 13,018 365,668
Tag Immobilien AG 12,990 128,561
Takkt AG 2,729 32,062
Technotrans AG (I) 258 1,628
Tipp24 SE (I) 591 32,155
Tom Tailor Holding AG 1,042 15,292
Tomorrow Focus AG 802 3,479
TUI AG (I)(L) 21,877 122,362
Vossloh AG (L) 1,255 104,465
VTG AG 971 15,259
Wacker Neuson SE 2,840 38,671
Washtec AG (I) 1,640 18,604
Wincor Nixdorf AG 4,939 173,680
Wire Card AG 13,922 251,908
Wuerttembergische Lebensversicherung AG 576 10,531
Xing AG 290 16,006
 
    8,719,205
Gibraltar - 0.1%    
888 Holdings PLC (I) 20,757 22,177
PartyGaming PLC (I) 77,087 143,814
 
    165,991
Greece - 0.5%    
Alapis Holding Industrial and Commercial SA    
of  Pharmaceutical (I) 1,810 92
Anek Lines SA (I) 14,015 1,510
Athens Water Supply and Sewage Company SA 3,582 11,493

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Greece (continued)    
Attica Bank (I) 9,882 $ 2,603
Bank of Greece SA 2,764 30,419
Diagnostic & Therapeutic Center of    
Athens Hygeia SA (I) 12,760 2,366
EFG Eurobank Ergasias SA (I) 21,114 13,066
Ellaktor SA 24,344 20,320
Euromedica SA (I) 681 311
Folli Follie Group (I) 4,652 25,201
Forthnet SA (I) 14,320 1,594
Fourlis SA (I) 4,529 3,662
Frigoglass SA (I) 4,334 17,795
GEK Group of Companies SA 7,981 5,239
Geniki Bank SA (I) 2,122 368
Halcor SA (I) 12,007 5,058
Hellenic Exchanges SA Holding Clearing    
Settlement and Registry 12,107 31,664
Hellenic Petroleum SA 13,225 77,935
Hellenic Telecommunications Organization SA 30,102 48,753
Heracles General Cement SA (I) 5,225 8,042
Iaso SA (I) 5,049 3,820
Intracom Holdings SA (I) 28,550 5,296
Intralot SA-Integrated Lottery Systems    
& Services 15,750 13,516
J&P-Avax SA 7,584 5,923
JUMBO SA (I) 12,865 40,324
Lambrakis Press SA (I) 2,615 582
Marfin Investment Group SA (I) 74,177 21,184
Metka SA 3,626 26,255
Michaniki SA (I) 5,586 840
Motor Oil Hellas Corinth Refineries SA (I) 10,921 62,268
Mytilineos Holdings SA (I) 15,661 32,363
National Bank of Greece SA (I) 78,141 98,279
OPAP SA 25,523 136,124
Piraeus Bank SA (I) 166,005 42,672
Piraeus Port Authority SA 881 8,635
Public Power Corp. SA 13,908 22,832
Sidenor Steel Products    
Manufacturing Company SA (I) 4,142 2,285
Teletypos SA Mega Channel (I) 4,590 1,181
Terna Energy SA 3,843 4,771
Thessaloniki Port Authority SA 488 6,170
Titan Cement Company SA 9,820 132,338
TT Hellenic Postbank SA (I) 20,725 6,291
Viohalco SA (I) 18,237 38,404
 
    1,019,844
Hong Kong - 2.0%    
Alco Holdings, Ltd. 54,000 18,096
Allied Group, Ltd. 18,000 40,659
Allied Properties HK, Ltd. 726,000 89,910
Apac Resources, Ltd. (I) 720,000 26,763
Artel Solutions Group Holdings, Ltd. (I) 565,000 6,998
Asia Financial Holdings, Ltd. 66,000 24,235
Asia Satellite Telecom Holdings Company, Ltd. 26,220 78,211
Asia Standard International Group 162,000 22,156
Associated International Hotels, Ltd. 26,000 53,933
Bonjour Holdings, Ltd. 272,000 35,689
Burwill Holdings Ltd. (I) 464,000 7,451
C Y Foundation Group, Ltd. (I) 605,000 9,120
Cafe de Coral Holdings, Ltd. 16,000 41,794
Century City International Holdings, Ltd. 164,000 11,411
Champion Technology Holdings, Ltd. 489,743 5,794
Chen Hsong Holdings, Ltd. 40,000 11,917
Chevalier International Holdings, Ltd. 24,000 24,595
China Energy Development Holdings, Ltd. (I) 658,000 7,972

 

80

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
China Metal International Holdings, Inc. 58,000 $ 9,552
China Nuclear Industry    
23 International Corp., Ltd. (I) 6,000 1,352
China Oriental Culture Group, Ltd. (I) 308,000 9,494
China Public Procurement, Ltd. (I) 312,000 0
China Resources and    
Transportation Group, Ltd. (I) 1,100,000 43,251
China Solar Energy Holdings, Ltd. (I) 1,270,000 6,041
China Strategic Holdings, Ltd. (I) 610,000 9,651
China Ting Group Holdings, Ltd. 124,000 7,667
China Tycoon Beverage Holdings, Ltd. (I) 104,000 1,139
China WindPower Group, Ltd. 560,000 21,241
Chong Hing Bank, Ltd. 29,000 46,426
Chu Kong Shipping    
Development Company, Ltd. 22,000 3,252
Chuang’s Consortium International, Ltd. 164,021 16,459
Citic Telecom International Holdings, Ltd. 219,000 36,620
City Telecom HK, Ltd., ADR (L) 1,717 18,835
CK Life Sciences International Holdings, Inc. 532,000 29,107
CP Lotus Corp. (I) 280,000 8,495
Cross-Harbour Holdings, Ltd. 22,000 17,061
CSI Properties, Ltd 306,333 11,850
CST Mining Group, Ltd. (I) 2,383,040 39,476
Dah Sing Financial Holdings, Ltd. 6,800 19,891
Dejin Resources Group Company, Ltd. (I) 101,500 917
Dickson Concepts International, Ltd. 37,000 19,574
Dingyi Group Investment, Ltd. 125,000 3,315
EganaGoldpfeil Holdings, Ltd. (I) 131,750 0
Emperor Entertainment Hotel, Ltd. 115,000 17,509
Emperor International Holdings, Ltd. 320,250 53,116
Emperor Watch & Jewellery, Ltd. 400,000 46,772
Enm Holdings, Ltd. (I) 60,000 3,781
eSun Holdings, Ltd. (I) 113,000 12,828
EVA Precision Industrial Holdings, Ltd. 160,000 17,855
Fairwood, Ltd. 4,000 6,364
Far East Consortium International, Ltd. 212,992 37,078
First Natural Foods Holdings, Ltd. (I) 375,000 0
Fortune Oil PLC 205,675 26,470
G-Resources Group, Ltd. (I) 2,643,000 140,842
Get Nice Holdings, Ltd. 246,000 9,364
Giordano International, Ltd. 221,708 161,980
Glorious Sun Enterprises, Ltd. 88,000 28,986
Goldin Properties Holdings, Ltd. (I) 89,000 33,847
Guangnan Holdings, Ltd. 108,000 13,928
Haitong International Securities Group, Ltd. 36,347 12,063
Hang Fung Gold Technology, Ltd. (I) 310,000 0
Harbour Centre Development, Ltd. 37,500 45,296
HKR International, Ltd. 114,400 39,865
Hongkong Chinese, Ltd. 126,000 19,334
Hung Hing Printing Group, Ltd. 76,216 11,592
Hybrid Kinetic Group, Ltd. (I) 650,000 11,565
HyComm Wireless, Ltd. (I) 26,000 6,710
I-CABLE Communications, Ltd. (I) 179,000 8,289
I.T, Ltd. 126,808 57,107
Imagi International Holdings, Ltd. (I) 87,500 1,295
Jinhui Holdings, Ltd. (I) 42,000 7,371
JLF Investment Company, Ltd. (I) 70,000 4,229
K Wah International Holdings, Ltd. 288,683 113,568
Keck Seng Investments, Ltd. 1,000 415
King Stone Energy Group, Ltd. (I) 120,000 8,677
Kingston Financial Group, Ltd. 754,000 72,820
Kowloon Development Company, Ltd. 77,000 75,211
Lai Sun Development (I) 895,333 13,046
Lee & Man Chemical Company, Ltd. 74,000 51,738
 
Lee & Man Handbags Holding, Ltd. 80,000 8,261

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
Lippo China Resources, Ltd. 666,000 $ 16,238
Lippo, Ltd. 31,250 11,287
Liu Chong Hing Investment 30,000 25,913
Lung Kee Holdings, Ltd. 48,000 17,564
Media Chinese International, Ltd. 30,000 9,895
Melco International Development Ltd. 186,000 155,119
Midland Holdings, Ltd. 128,000 64,612
Ming Fai International Holdings, Ltd. 41,000 3,575
Ming Fung Jewellery Group, Ltd. (I) 170,000 6,998
Miramar Hotel & Investment Company, Ltd. 8,000 8,715
Mongolia Energy Company, Ltd. (I) 130,000 8,690
Nan Nan Resources Enterprise, Ltd. (I) 94,000 10,658
Natural Beauty Bio-Technology, Ltd. 230,000 39,432
Neo-Neon Holdings, Ltd. 76,500 12,915
New Times Energy Corp., Ltd. (I) 24,400 3,195
Neway Group Holdings, Ltd. 270,000 592
NewOcean Energy Holdings, Ltd. 196,000 39,171
Norstar Founders Group, Ltd. (I) 168,000 0
Orange Sky Golden Harvest    
Entertainment Holdings, Ltd. (I) 295,000 11,144
Pacific Andes International Holdings, Ltd. 342,870 21,005
Pacific Basin Shipping, Ltd. 279,000 124,190
Pacific Textile Holdings, Ltd. 116,000 75,798
Paliburg Holdings, Ltd. 71,380 21,718
Peace Mark Holdings, Ltd. (I) 180,000 0
Pearl Oriental Oil, Ltd. (I) 216,000 15,839
Pico Far East Holdings, Ltd. 126,000 28,016
PME Group, Ltd. (I) 70,000 1,132
PNG Resources Holdings, Ltd. (I) 88,000 1,284
Polytec Asset Holdings, Ltd. 210,000 19,986
Public Financial Holdings, Ltd. 48,000 18,024
PYI Corp., Ltd. 801 18
Regal Hotels International Holdings, Ltd. 83,200 33,389
Rising Development Holdings (I) 104,000 6,298
Samling Global, Ltd. 380,000 36,725
SEA Holdings, Ltd. 52,000 24,139
Shenyin Wanguo Hk, Ltd. 75,000 22,076
Shun Tak Holdings, Ltd. 349,250 124,259
Sing Tao News Corp., Ltd. 58,000 7,066
Singamas Container Holdings, Ltd. 180,000 47,418
Sino-Tech International Holdings, Ltd. (I) 420,000 3,842
Sinocop Resources Holdings, Ltd. (I) 250,000 23,191
SOCAM Development, Ltd. 74,927 74,064
Sun Hung Kai & Company, Ltd. 50,968 25,249
Sun Innovation Holdings, Ltd. (I) 400,000 5,967
Superb Summit International    
Timber Company, Ltd. (I) 378,000 6,721
TAI Cheung Holdings, Ltd. 66,000 43,562
Tan Chong International, Ltd. 63,000 15,016
Theme International Holdings, Ltd. (I) 220,000 3,375
Titan Petrochemicals Group, Ltd. (I) 600,000 16,574
Tom Group Ltdtom Group Ltd. (I) 154,000 12,245
Tongda Group Holdings, Ltd. 660,000 24,261
Tonic Industries Holdings, Ltd. (I) 4,000 582
Transport International Holdings, Ltd. 43,200 78,289
TSC Offshore Group, Ltd. (I) 26,000 3,538
Tse Sui Luen Jewellery International, Ltd. 34,000 23,811
United Laboratories, Ltd. 52,500 23,098
United Power Investment, Ltd. (I) 828,000 7,468
Value Partners Group, Ltd. 58,000 29,284
Varitronix International, Ltd. 28,000 11,740
Victory City International Holdings, Ltd. 159,265 15,559
Vitasoy International Holdings, Ltd. 126,000 94,516
VST Holdings Company, Ltd. 88,000 15,966
Wah Nam International Holdings, Ltd. (I) 523,430 25,590

 

81

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
Wai Kee Holdings, Ltd. 72,000 $ 11,757
Wing On Company International, Ltd. 17,000 37,079
Wing Tai Properties, Ltd. 38,000 19,044
Winteam Pharmaceutical Group, Ltd. 212,000 36,580
YGM Trading, Ltd. 10,000 21,801
 
    3,860,404
Ireland - 1.3%    
Aer Lingus (I) 25,626 29,331
Beazley PLC 92,456 193,625
C&C Group PLC 54,912 232,865
DCC PLC 13,119 309,432
FBD Holdings PLC (I) 4,678 46,864
Glanbia PLC (Dublin Exchange) 15,698 112,994
Grafton Group PLC 22,961 78,579
Greencore Group PLC 37,470 44,679
IFG Group PLC (I) 19,878 31,977
Independent News & Media PLC (I) 30,840 9,537
Irish Continental Group PLC 2,561 50,666
Kenmare Resources PLC (I) 214,459 151,437
Kingspan Group PLC (I) 26,276 224,742
McInerney Holdings PLC (I) 20,779 1,017
Paddy Power PLC 6,497 418,780
Smurfit Kappa Group PLC 28,993 182,680
UBM PLC 36,361 300,093
United Drug PLC 27,064 73,526
 
    2,492,824
Isle of Man - 0.0%    
Hansard Global PLC 11,952 23,926
Israel - 0.9%    
Africa Israel Investments, Ltd. (I) 12,456 39,138
Africa Israel Properties, Ltd. (I) 939 8,096
Airport City, Ltd. (I) 185 807
AL-ROV Israel, Ltd. (I) 370 7,369
Alrov Properties And Lodgings, Ltd. (I) 178 2,625
Alvarion, Ltd. (I) 5,360 2,577
Amot Investments, Ltd. 2,851 6,673
Avgol Industries 1953, Ltd. 11,336 8,564
Babylon, Ltd. 1,955 16,162
Bayside Land Corp. 37 6,846
Ceragon Networks, Ltd. (I) 3,208 27,119
Clal Biotechnology Industries, Ltd. (I) 5,223 16,188
Clal Industries & Investments, Ltd. 10,617 33,019
Clal Insurance Enterprise Holdings, Ltd. 3,648 44,909
Compugen, Ltd. (I) 744 2,626
Delek Automotive Systems, Ltd. 4,929 31,271
Electra Israel, Ltd. 270 22,098
Evogene, Ltd. (I) 2,313 9,802
EZchip Semiconductor, Ltd. (I) 2,348 87,183
First International Bank of Israel, Ltd. (I) 5,079 50,569
Formula Systems, Ltd. (I) 887 14,149
Frutarom Industries, Ltd. 7,174 66,590
Gilat Satellite Networks, Ltd. (I) 2,000 6,532
Gilat Satellite Networks, Ltd.    
(Frankfurt Exchange) (I) 621 1,981
Given Imaging, Ltd. (I) 967 16,191
Hadera Paper, Ltd. (I) 503 18,240
Harel Insurance Investments &    
Financial Services, Ltd. (I) 1,198 38,627
Hot Telecommunication System, Ltd. 2,631 23,410
Industrial Buildings Corp. (I) 11,196 13,207
Ituran Location & Control, Ltd. 1,736 20,451
Jerusalem Oil Exploration (I) 1,490 26,724
Kamada, Ltd. (I) 3,846 26,839

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Israel (continued)    
Kardan Yazamut, Ltd. (I) 1,745 $ 312
Matrix IT, Ltd. 5,486 22,860
Melisron, Ltd. 2,051 34,175
Mellanox Technologies, Ltd. (I) 5,397 320,407
Menorah Mivtachim Holdings, Ltd. (I) 4,526 32,273
Naphtha Israel Petroleum Corp., Ltd. (I) 3,983 12,743
Nitsba Holdings 1995, Ltd. (I) 3,218 25,452
Nova Measuring Instruments, Ltd. (I) 2,114 14,790
Oil Refineries, Ltd. (I) 204,443 107,777
Ormat Industries, Ltd. 10,674 57,159
Osem Investments, Ltd. 5,160 71,344
Paz Oil Company, Ltd. 760 84,532
Plasson Industries, Ltd. 449 11,292
Rami Levi Chain Stores Hashikma    
Marketing 2006, Ltd. 845 26,219
Retalix, Ltd. (I) 3,157 63,670
Shikun & Binui, Ltd. 35,668 57,416
Shufersal, Ltd. 16,165 43,809
Strauss Group, Ltd. (I) 4,648 49,733
The Phoenix Holdings, Ltd. (I) 5,158 10,979
Tower Semiconductor, Ltd. (I) 38,680 30,414
Union Bank of Israel, Ltd. (I) 995 2,955
 
    1,776,893
Italy - 2.4%    
ACEA SpA 12,237 59,759
Acegas-APS SpA 2,167 6,912
Aedes SpA (I) 29,353 3,168
Aeroporto di Venezia Marco Polo SpA 3,465 28,500
Alerion Cleanpower SpA 3,853 16,322
Amplifon SpA 16,861 83,672
Ansaldo STS SpA 14,254 96,574
Astaldi SpA 12,896 74,822
Autogrill SpA 16,919 146,109
Azimut Holding SpA 19,417 181,173
Banca Finnat Euramerica SpA 10,675 3,437
Banca Generali SpA 10,115 95,508
Banca IFIS SpA 5,519 31,535
Banca Popolare dell’Emilia Romagna SCRL 33,559 139,609
Banca Popolare dell’Etruria e del Lazio SpA 8,839 9,356
Banca Popolare di Milano SpA (I)(L) 316,131 120,263
Banca Popolare di Sondrio SCRL 47,813 255,069
Banca Profilo SpA 23,984 7,156
Banco di Desio e della Brianza SpA 4,149 9,519
Banco Popolare Societa Cooperativa (I) 67,598 75,175
BasicNet SpA 1,902 4,938
Brembo SpA 6,211 65,256
Buongiorno SpA (I) 9,345 22,716
Buzzi Unicem SpA 14,571 123,061
Cairo Communication SpA 1,471 4,305
Caltagirone Editore SpA 5,211 5,155
Caltagirone SpA 3,553 4,748
Cementir SpA 6,234 10,151
CIR-Compagnie Industriali Riunite SpA 61,877 63,178
Credito Artigiano SpA 18,022 19,449
Credito Bergamasco SpA 711 11,325
Credito Emiliano SpA (L) 16,311 49,251
Danieli & C Officine Meccaniche SpA 3,157 68,260
Datalogic SpA 2,498 19,958
De Longhi SpA 18,320 208,109
De’ Longhi Clima SpA (I) 18,320 8,536
DeA Capital SpA (I) 4,303 6,630
DiaSorin SpA 3,295 82,103
Digital Multimedia Technologies SpA (I) 1,056 22,671
EEMS Italia SpA (I) 5,583 2,214

 

82

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Italy (continued)    
Engineering Ingegneria Informatica SpA (I) 571 $ 14,672
ERG SpA 10,331 58,256
Esprinet SpA 2,846 7,556
Eurotech SpA (I) 3,019 4,020
Falck Renewables SpA 12,963 14,099
Fiera Milano SpA 2,228 8,245
Finmeccanica SpA (I)(L) 41,186 137,748
Gemina SpA (I) 85,622 64,408
Geox SpA (L) 12,899 27,714
Gruppo Beghelli SpA (I) 11,564 6,052
Gruppo Editoriale L’Espresso SpA 19,434 15,890
Gruppo Mutuionline SpA 889 3,164
Hera SpA (L) 79,274 111,434
IMMSI SpA 28,561 16,783
Impregilo SpA (L) 47,024 188,514
Indesit Company SpA 7,870 31,558
Industria Macchine Automatiche SpA 1,088 18,023
Interpump SpA 15,324 118,548
Iren SpA 58,545 25,957
Italcementi SpA (L) 14,069 64,948
Italmobiliare SpA (I) 922 13,520
Juventus Football Club SpA (I) 44,555 10,825
KME Group SpA (I) 26,355 9,549
Landi Renzo SpA (I) 9,280 18,472
Lottomatica SpA (L) 7,609 133,042
Maire Tecnimont SpA (I) 17,000 13,678
Marcolin SpA 2,926 15,274
MARR SpA 4,601 44,552
Mediaset SpA (L) 21,849 33,975
Mediolanum SpA (L) 28,550 83,280
Milano Assicurazioni SpA (I) 25,516 7,694
Mondadori (Arnoldo) Editore SpA (I) 17,499 20,495
Nice SpA 3,458 11,454
Panariagroup Industrie Ceramiche SpA (I) 3,544 3,353
Piaggio & C SpA (L) 22,777 63,906
Piccolo Credito Valtellinese SCRL 29,159 35,394
Poltrona Frau SpA (I) 1,267 1,375
Prelios SpA (I) 115,328 20,581
Premafin Finanziaria SpA (I) 26,879 6,659
Prysmian SpA 8,998 127,861
RCS Mediagroup SpA (I) 25,395 15,230
Recordati SpA 14,919 97,696
Reply SpA 70 1,516
Sabaf SpA 962 12,015
Safilo Group SpA (I) 5,370 31,330
Saras SpA (I) 67,593 62,775
Seat Pagine Gialle SpA (I) 130,315 5,511
Snai SpA (I) 2,766 3,203
Societa Iniziative Autostradali e Servizi SpA 9,835 60,429
Societa Per La Bonifica Dei Terreni Ferraresi E    
Imprese Agri 437 19,141
Societa’ Cattolica di Assicurazioni SCRL (I) 7,804 95,392
Socotherm SpA (I) 2,703 228
Sogefi SpA 7,700 17,530
SOL SpA 6,441 30,625
Sorin SpA (I) 62,390 106,741
Stefanel SpA (I) 11,908 2,790
Telecom Italia Media SpA (I) 23,548 3,923
Tod’s SpA (L) 1,162 115,033
Trevi Finanziaria SpA 6,032 26,350
Unione di Banche Italiane SCPA 252 699
Unipol Gruppo Finanziario SpA (I)(L) 1,593 33,782
Vianini Lavori SpA 4,074 15,025
Vittoria Assicurazioni SpA 4,482 23,549
Yoox SpA (I) 6,638 96,233

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Italy (continued)    
Zignago Vetro SpA 4,685 $ 26,401
 
    4,761,327
Japan - 24.4%    
Accordia Golf Company, Ltd. 148 90,414
Achilles Corp. 20,000 25,701
ADEKA Corp. 13,391 112,318
Aderans Company, Ltd. (I) 4,600 57,356
Advan Company, Ltd. 1,000 9,595
Advanex, Inc. (I) 2,000 1,825
Aeon Delight Company, Ltd. 3,100 72,170
Aeon Fantasy Company, Ltd. 1,600 23,470
Ahresty Corp. 1,900 14,841
AI Holdings Corp. 7,800 45,958
Aica Kogyo Company, Ltd. 9,000 127,866
Aichi Bank, Ltd. 1,600 74,390
Aichi Corp. 4,300 17,701
Aichi Steel Corp. 19,000 80,655
Aichi Tokei Denki Company, Ltd. 6,000 21,556
Aida Engineering, Ltd. 8,700 49,195
Ain Pharmaciez, Inc. 900 48,593
Aiphone Company, Ltd. 1,900 34,852
Airport Facilities Company, Ltd. 2,900 12,459
Aisan Industry Company, Ltd. 4,600 36,171
Akebono Brake Industry Company, Ltd. 7,200 31,886
Akita Bank, Ltd. 35,000 85,887
Alconix Corp. 500 9,277
Allied Telesis Holdings KK 6,100 5,428
Alpen Company, Ltd. 2,000 37,742
Alpha Corp. 1,000 11,084
Alpha Systems, Inc. 720 9,336
Alpine Electronics, Inc. 5,815 62,619
Alps Electric Company, Ltd. 19,700 145,552
Alps Logistics Company, Ltd. 2,000 19,383
Amano Corp. 11,800 95,952
Amiyaki Tei Company., Ltd. 3 7,109
Amuse, Inc. 200 2,582
Ando Corp. 10,000 10,811
Anest Iwata Corp. 6,000 27,863
Anritsu Corp. 10,297 110,403
AOC Holdings, Inc. 6,900 28,386
AOKI Holdings, Inc. 3,200 64,215
Aomori Bank, Ltd. 22,000 62,809
Aoyama Trading Company, Ltd. 10,800 250,327
Arakawa Chemical Industries, Ltd. 2,300 18,325
Arc Land Sakamoto Company, Ltd. (I) 2,700 42,248
Arcs Company, Ltd. 5,884 121,089
Argo Graphics, Inc. 300 4,067
Ariake Japan Company, Ltd. 3,200 67,280
Arisawa Manufacturing Company, Ltd. 4,800 12,460
Arnest One Corp. 6,500 75,654
As One Corp. 2,100 37,408
Asahi Company, Ltd. (I) 2,600 39,844
Asahi Diamond Industrial Company, Ltd. 9,400 93,264
Asahi Holdings, Inc. 3,700 68,180
Asahi Kogyosha Company, Ltd. 1,000 3,720
Asahi Organic Chemicals    
Industry Company, Ltd. 11,000 27,317
ASATSU-DK, Inc. 4,800 128,077
ASKA Pharmaceutical Company, Ltd. 3,000 15,411
ASKUL Corp. 3,000 33,713
Asunaro Aoki Construction Company, Ltd. 4,000 20,452
Atom Corp. (L) 16,700 70,252
Atsugi Company, Ltd. 22,000 27,156
Autobacs Seven Company, Ltd. 3,800 196,665

 

83

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Avex Group Holdings, Inc. 5,000 $ 74,244
Awa Bank, Ltd. 1,000 5,903
Axell Corp. 1,000 18,624
Bando Chemical Industries, Ltd. 12,000 46,385
Bank of Iwate, Ltd. 2,500 99,117
Bank of Kochi, Ltd. 3,000 3,084
Bank of Nagoya, Ltd. 22,000 60,900
Bank of Okinawa, Ltd. 3,088 136,911
Bank of Saga, Ltd. 22,000 50,931
Bank of the Ryukyus, Ltd. 5,700 67,652
Belc Company, Ltd. 1,000 14,014
Belluna Company, Ltd. 4,950 37,100
Benefit One, Inc. 8 6,182
Best Denki Company, Ltd. (I) 6,500 12,165
BIC Camera, Inc. (L) 98 47,533
BML, Inc. 1,500 36,904
Bookoff Corp. 2,100 17,227
Bunka Shutter Company, Ltd. 10,000 40,935
CAC Corp. 2,100 16,825
Calsonic Kansei Corp. 19,000 109,720
Can Do Company, Ltd. (L) 33 41,125
Canon Electronics, Inc. 3,000 66,474
CAPCOM Company, Ltd. 6,700 129,040
Carchs Holdings Company, Ltd. (I) 29,500 10,881
Cawachi, Ltd. 2,200 46,625
Central Glass Company, Ltd. 29,432 118,174
Central Sports Company, Ltd. 300 3,953
Chino Corp. 2,000 5,051
Chiyoda Company, Ltd. 4,200 88,391
Chiyoda Integre Company, Ltd. 1,600 18,795
Chofu Seisakusho Company, Ltd. 2,800 60,559
Chori Company, Ltd. 23,000 29,606
Chubu Shiryo Company, Ltd. 3,000 18,942
Chudenko Corp. 6,700 65,459
Chuetsu Pulp & Paper Company, Ltd. 14,000 25,089
Chugai Mining Company, Ltd. (I) 34,900 8,004
Chugai Ro Company, Ltd. 8,000 22,893
Chugoku Marine Paints, Ltd. 11,000 51,365
Chukyo Bank, Ltd. 18,000 38,478
Chuo Denki Kogyo Company, Ltd. 2,000 8,646
Chuo Gyorui Company, Ltd. 3,000 6,849
Chuo Spring Company, Ltd. 1,000 3,425
CKD Corp. 8,300 57,437
Clarion Company, Ltd. (I) 20,000 45,339
Cleanup Corp. 3,300 19,902
CMIC Company, Ltd. 1,400 21,811
CMK Corp. 8,000 27,668
Coca-Cola Central Japan Company, Ltd. 4,300 55,514
Cocokara Fine Holdings, Inc. 2,630 91,671
Colowide Company, Ltd. 9,500 71,820
Computer Engineering & Consulting, Ltd. 1,500 7,480
COMSYS Holdings Corp. 15,100 159,813
Corona Corp. 3,100 37,651
Cosel Company, Ltd. 3,100 39,065
Cosmos Pharmaceutical Corp. (I) 1,800 100,654
Cti Engineering Company, Ltd. 800 4,769
Cybozu, Inc. 45 12,990
Dai Nippon Toryo Company, Ltd. 12,000 11,905
Dai-Dan Company, Ltd. 5,000 28,219
Dai-ichi Kogyo Seiyaku Company, Ltd. 3,000 8,198
Daibiru Corp. 10,100 71,562
Daido Metal Company, Ltd. 5,000 46,194
Daidoh, Ltd. 3,900 26,779
Daifuku Company, Ltd. 12,000 66,928
Daihen Corp. 16,000 48,226

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Daiho Corp. 10,000 $ 11,075
Daiichi Chuo Kisen Kaisha, Ltd. (I) 20,000 22,381
Daiichi Jitsugyo Company, Ltd. 6,000 28,493
Daiichi Kigenso Kagaku-Kogyo Company, Ltd. 900 21,817
Daiken Corp. 15,000 42,785
Daiki Aluminium Industry Company, Ltd. 5,000 13,650
Daiko Clearing Services Corp. 3,000 10,187
Daikoku Denki Company, Ltd. 1,600 30,151
Daikokutenbussan Company, Ltd. 600 15,611
Daikyo, Inc. 28,144 61,714
Dainichi Company, Ltd. 2,100 16,608
Dainichiseika Color & Chemicals    
Manufacturing Company, Ltd. 9,000 37,536
Daio Paper Corp. 13,000 69,303
Daisan Bank, Ltd. 28,000 48,559
Daiseki Company, Ltd. 5,500 88,959
Daishi Bank, Ltd. 5,000 14,623
Daiso Company, Ltd. 10,000 27,371
Daisyo Corp. 1,100 13,952
Daito Bank, Ltd. 11,000 8,121
Daito Pharmaceutical Company, Ltd. 600 7,541
Daiwa Industries, Ltd. 5,000 24,541
Daiwabo Holdings Company, Ltd. 34,000 62,860
Dc Company, Ltd. 3,500 10,766
DCM Japan Holdings Company, Ltd. 13,020 87,992
Denki Kogyo Company, Ltd. 12,000 51,725
Denyo Company, Ltd. 3,100 40,163
Descente, Ltd. 9,000 51,090
Doshisha Company, Ltd. 2,300 62,311
Doutor Nichires Holdings Company, Ltd. 4,793 59,295
Dr. Ci:Labo Company, Ltd. 20 66,386
DTS Corp. 2,700 33,665
Duskin Company, Ltd. 8,900 162,395
Dwango Company, Ltd. 14 18,151
Dydo Drinco, Inc. 1,500 61,990
eAccess, Ltd. 325 51,698
Eagle Industry Company, Ltd. 6,000 56,433
Earth Chemical Company, Ltd. 1,900 68,605
Ebara Corp. 59,000 210,423
Ebara Jitsugyo Company, Ltd. 200 3,087
EDION Corp. 11,300 59,840
Ehime Bank, Ltd. 20,253 48,719
Eighteenth Bank, Ltd. 30,000 71,659
Eiken Chemical Company, Ltd. 1,600 21,158
Eizo Nanao Corp. 2,800 57,951
Elematec Corp. 1,200 15,213
Em Systems Company, Ltd. 600 11,813
Enplas Corp. 1,800 46,938
EPS Company, Ltd. 24 59,480
Espec Corp. 4,600 43,607
Exedy Corp. 4,300 88,589
F&A Aqua Holdings, Inc. 2,900 35,360
F-Tech, Inc. 700 10,774
Falco Biosystems, Ltd. 1,500 18,279
Fancl Corp. 5,200 63,266
FCC Company, Ltd. 5,700 99,968
FDK Corp. (I) 21,000 22,142
Fidea Holdings Company, Ltd. 11,800 19,172
Foster Electric Company, Ltd. 2,800 41,705
FP Corp. 2,000 120,172
France Bed Holdings Company, Ltd. 14,000 29,259
Fudo Tetra Corp. (I) 13,700 17,986
Fuji Company, Ltd. 3,000 66,316
Fuji Corp., Ltd. 2,600 13,056
Fuji Electronics Company, Ltd. 2,300 30,021

 

84

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Fuji Kosan Company, Ltd. (I) 11,000 $ 8,103
Fuji Kyuko Company, Ltd. 8,000 44,382
Fuji Oil Company, Ltd. 9,900 127,120
Fuji Seal International, Inc. 3,500 65,075
Fuji Soft, Inc. 4,300 68,334
Fujibo Holdings, Inc. 18,000 37,817
Fujicco Company, Ltd. 3,000 36,431
Fujikura Kasei Company, Ltd. 3,400 16,168
Fujikura, Ltd. 50,000 135,567
Fujimi, Inc. (I) 2,500 35,595
Fujimori Kogyo Company, Ltd. 1,700 29,975
Fujita Kanko, Inc. 8,000 27,855
Fujitec Company, Ltd. 10,000 64,920
Fujitsu Frontech, Ltd. 2,000 11,887
Fujitsu General, Ltd. 7,000 53,829
Fujiya Company, Ltd. (I) 16,000 36,292
Fukoku Company, Ltd. 800 7,370
Fukuda Corp. 4,000 12,195
Fukui Bank, Ltd. 38,188 84,720
Fukushima Bank, Ltd. 37,000 25,466
Fukushima Industries Corp. 100 1,350
Fukuyama Transporting Company, Ltd. 20,000 100,974
Fumakilla, Ltd. 3,000 11,384
Funai Consulting Company, Ltd. 3,100 21,108
Funai Electric Company, Ltd. 3,500 48,553
Furukawa Battery Company, Ltd. 1,231 6,879
Furukawa Company, Ltd. (I) 47,000 38,791
Furukawa-Sky Aluminum Corp. (I) 16,000 45,466
Fuso Pharmaceutical Industries, Ltd. 11,000 28,311
Futaba Corp. 5,657 79,963
Futaba Industrial Company, Ltd. (I) 7,200 31,612
Future System Consulting Corp. 12 4,716
Fuyo General Lease Company, Ltd. 3,700 108,047
Gakken Company, Ltd. 6,000 11,600
Gecoss Corp. 4,000 18,276
Geo Corp. 60 70,551
GLOBERIDE, Inc. 10,000 11,473
Glory, Ltd. 2,300 44,013
GMO Internet, Inc. 10,000 45,868
Godo Steel, Ltd. 25,000 49,553
Goldcrest Company, Ltd. 3,070 44,383
Goldwin, Inc. 6,000 38,786
GSI Creos Corp. 11,000 13,987
Gulliver International Company, Ltd. 1,300 41,330
Gun-Ei Chemical Industry Company, Ltd. 7,000 18,389
Gunze, Ltd. 28,000 72,025
H20 Retailing Corp. 18,000 151,623
Hakuto Company, Ltd. 2,200 20,523
Hakuyosha Company, Ltd. 5,000 13,461
Hamakyorex Company, Ltd. 1,300 42,515
Hanwa Company, Ltd. 32,000 118,232
Happinet Corp. 2,000 18,641
Harashin Narus Holdings Company, Ltd. 2,000 34,119
Harima Chemicals Inc. 900 4,495
Haruyama Trading Company, Ltd. 2,700 13,606
Hayashikane Sangyo Company, Ltd. (I) 4,000 3,161
Hazama Corp. 10,600 22,279
Heiwa Corp. 200 3,604
Heiwa Real Estate Company, Ltd. 14,500 30,173
Heiwado Company, Ltd. 4,500 62,527
Hibiya Engineering, Ltd. 3,500 35,066
Hiday Hidaka Corp. 600 9,003
Higashi-Nippon Bank, Ltd. 17,000 35,246
Higo Bank, Ltd. 21,000 104,224
Hikari Tsushin, Inc. 2,800 104,713

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Hioki Ee Corp. 700 $ 12,745
Hiramatsu, Inc. 9 8,293
HIS Company, Ltd. 3,300 104,938
Hisaka Works, Ltd. (I) 3,000 27,374
Hitachi Cable, Ltd. (I) 30,000 65,950
Hitachi Koki Company, Ltd. 8,700 69,463
Hitachi Kokusai Electric, Inc. 7,000 55,848
Hitachi Medical Corp. 2,000 30,445
Hitachi Tool Engineering, Ltd. 2,500 22,286
Hitachi Zosen Corp. 91,000 107,634
Hodogaya Chemical Company, Ltd. 10,000 27,855
Hogy Medical Company, Ltd. 2,200 89,483
Hohsui Corp. 11,000 13,740
Hokkaido Gas Company, Ltd. 6,000 18,216
Hokkan Holdings, Ltd. 7,000 20,127
Hokuetsu Bank, Ltd. 22,000 40,171
Hokuetsu Paper Mills, Ltd. 18,000 92,767
Hokuriku Electric Industry Company, Ltd. 7,000 7,676
Hokuto Corp. 4,200 89,308
Honeys Company, Ltd. 2,800 58,832
Hoosiers Corp. 41 25,170
Horiba, Ltd. 3,992 132,502
Hoshizaki Electric Company, Ltd. 3,800 93,271
Hosiden Corp. 8,800 53,104
Hosokawa Micron Corp. 3,000 14,985
Howa Machinery, Ltd. 20,000 17,069
Hyakujushi Bank, Ltd. 29,000 103,560
I Metal Technology Company, Ltd. 4,000 7,143
IBJ Leasing Company, Ltd. 2,900 68,952
Ichibanya Company, Ltd. 700 20,790
Ichikoh Industries, Ltd. (I) 6,000 10,615
Ichiyoshi Securities Company, Ltd. 4,500 21,965
ICOM, Inc. 1,000 21,751
IDEC Corp. 4,900 44,914
Ihara Chemical Industry Company, Ltd. 7,000 24,939
Iida Home Max (I) 4,700 33,285
Iino Kaiun Kaisha, Ltd. 12,400 54,813
Ikyu Corp. 35 14,817
Imasen Electric Industrial 2,200 28,757
Imperial Hotel, Ltd. 2,200 65,491
Inaba Denki Sangyo Company, Ltd. 3,100 85,245
Inaba Seisakusho Company, Ltd. 1,900 24,466
Inabata & Company, Ltd. 8,600 49,502
Inageya Company, Ltd. 6,000 70,483
Ines Corp. 7,100 49,476
Information Services International-Dentsu, Ltd. 1,400 10,762
Innotech Corp. 800 3,946
Intage, Inc. 700 13,420
Internet Initiative Japan, Inc. 6 23,394
Inui Steamship Company, Ltd. (I) 2,300 6,967
Ise Chemical Corp. 3,000 16,524
Iseki & Company, Ltd. 29,000 67,590
Ishihara Sangyo Kaisha, Ltd. (I) 44,000 36,913
Ishii Hyoki Company, Ltd. (I) 1,000 1,680
IT Holdings Corp. 11,900 132,264
ITC Networks Corp. 4,500 30,001
Itfor, Inc. 2,000 6,910
Itochu Enex Company, Ltd. 9,000 48,376
Itochu-Shokuhin Company, Ltd. 700 25,033
Itoham Foods, Inc. 24,000 93,060
Itoki Corpitoki Corp. 7,900 42,125
Iwai Securities Company, Ltd. 1,500 5,858
Iwasaki Electric Company, Ltd. (I) 16,000 29,262
Iwatani International Corp. 26,000 98,772
Izumi Company, Ltd. 1,900 38,352

 

85

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Izumiya Company, Ltd. 12,773 $ 61,083
J-Oil Mills, Inc. 13,000 39,790
Jalux, Inc. 1,500 15,325
Jamco Corp. 3,000 15,058
Janome Sewing Machine Company, Ltd. (I) 20,000 13,502
Japan Airport Terminal Company, Ltd. 5,800 64,257
Japan Asia Investment Company, Ltd. (I) 24,000 15,971
Japan Aviation Electronics Industry, Ltd. 11,000 85,461
Japan Cash Machine Company, Ltd. 1,800 13,389
Japan Digital Laboratory Company, Ltd. 3,400 33,866
Japan Drilling Company, Ltd. 700 19,367
Japan Pulp & Paper Company, Ltd. 14,000 45,281
Japan Pure Chemical Company, Ltd. 6 13,833
Japan Radio Company, Ltd. (I) 4,000 7,687
Japan Transcity Corp., Ltd. 8,000 27,012
Japan Vilene Company, Ltd. 3,000 12,357
Japan Wool Textile Company, Ltd. 10,000 71,296
Jastec Company, Ltd. 2,100 12,267
JBCC Holdings, Inc. 300 1,978
Jeol, Ltd. 8,000 18,006
JFE Shoji Trade Corp. (I) 22,000 94,895
Jidosha Buhin Kogyo Company, Ltd. 1,000 5,163
JK Holdings Company, Ltd. 3,600 14,765
Joban Kosan Company, Ltd. (I) 8,000 8,674
Joshin Denki Company, Ltd. 7,000 66,813
JP-holdings, Inc. 1,300 12,154
JSP Corp. 2,800 36,314
Juki Corp. 19,000 28,722
Juroku Bank, Ltd. 40,000 121,079
JVC Kenwood Holdings, Ltd. 20,128 66,955
kabu.com Securities Company, Ltd. 8,500 22,742
Kabuki-Za Company, Ltd. 1,000 51,026
Kadokawa Holdings, Inc. (L) 3,000 74,016
Kaga Electronics Company, Ltd. 2,700 26,645
Kagoshima Bank, Ltd. 11,000 62,568
Kaken Pharmaceutical Company, Ltd. 11,000 143,024
Kameda Seika Company, Ltd. 1,900 48,330
Kamei Corp. 5,000 49,700
Kanaden Corp. 4,000 24,680
Kanagawa Chuo Kotsu Company, Ltd. 6,000 32,138
Kanamoto Company, Ltd. 3,000 29,759
Kandenko Company, Ltd. 17,000 76,404
Kanematsu Corp. (I) 53,000 55,788
Kanematsu Electronics, Ltd. 2,300 24,800
Kanto Denka Kogyo Company, Ltd. 5,000 15,447
Kanto Natural Gas Development, Ltd. 4,000 20,271
Kappa Create Company, Ltd. (L) 2,600 56,630
Kasai Kogyo Company, Ltd. 3,000 17,685
Kasumi Company, Ltd. 5,100 35,019
Katakura Industries Company, Ltd. 3,100 27,434
Kato Sangyo Company, Ltd. 3,100 60,067
Kato Works Company, Ltd. 9,000 43,826
Kawai Musical Instruments    
Manufacturing Company, Ltd. 11,000 25,016
Kawasaki Kisen Kaisha, Ltd. (I)(L) 19,000 34,860
Kawasumi Laboratories, Inc. 2,000 10,778
Kayaba Industry Company, Ltd. 16,000 68,811
Keihanshin Real Estate Company, Ltd. 2,800 12,266
Keihin Company, Ltd. 10,000 11,319
Keihin Corp. (L) 5,600 83,541
Keiyo Bank, Ltd. 22,000 97,478
Keiyo Company, Ltd. (L) 4,600 28,911
Kenedix, Inc. (I) 332 42,560
Kentucky Fried Chicken Japan, Ltd. 1,000 25,840
KEY Coffee, Inc. 2,000 36,393

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Kimoto Company, Ltd. 3,400 $ 18,155
Kimura Chemical Plants Company, Ltd. 1,900 7,655
King Jim Company, Ltd. 1,200 10,102
Kinki Nippon Tourist Company, Ltd. (I) 12,000 14,049
Kinki Sharyo Company, Ltd. 3,000 9,742
Kintetsu World Express, Inc. 2,000 65,769
Kinugawa Rubber Industrial Company, Ltd. 5,000 31,241
Kisoji Company, Ltd. 2,800 55,265
Kissei Pharmaceutical Company, Ltd. 5,100 83,779
Kita-Nippon Bank, Ltd. 1,000 25,590
Kitagawa Iron Works Company, Ltd. 12,000 18,803
Kitano Construction Corp. 8,000 17,449
Kito Corp. 5 3,564
Kitz Corp. 16,500 64,791
Kiyo Holdings, Inc. 75,395 101,644
Koa Corp. 8,000 73,012
Koatsu Gas Kogyo Company, Ltd. 3,000 16,636
Kohnan Shoji Company, Ltd. 4,600 59,182
Koike Sanso Kogyo Company, Ltd. 5,000 12,938
Kojima Company, Ltd. 4,900 18,776
Kokuyo Company, Ltd. 11,973 82,268
Komaihaltec, Inc. 6,000 17,121
Komatsu Seiren Company, Ltd. 3,000 13,235
Komatsu Wall Industry Company, Ltd. 1,200 14,172
Komeri Company, Ltd. 4,800 125,824
Komori Corp. 9,724 70,831
Konaka Company, Ltd. 4,600 66,788
Kondotec, Inc. 3,200 16,223
Konishi Company, Ltd. 2,600 33,093
Kosaido Company, Ltd. (I) 2,300 9,473
Kose Corp. 3,400 74,699
Kosei Securities Company, Ltd. 10,000 9,117
Kourakuen Corp. 1,000 15,062
Krosaki Harima Corp. 9,000 20,534
Kumagai Gumi Company, Ltd. (I) 28,000 25,317
Kumiai Chemical Industry Company, Ltd. 10,000 37,428
Kura Corp. 2,000 28,594
Kurabo Industries, Ltd. 36,000 60,915
Kureha Corp. 16,000 64,043
Kurimoto, Ltd. 16,000 36,963
Kuroda Electric Company, Ltd. 6,000 62,760
Kusuri No Aoki Company, Ltd. 500 13,169
Kyoden Company, Ltd. 7,000 11,934
Kyodo Printing Company, Ltd. 12,000 27,940
Kyodo Shiryo Company, Ltd. 1,000 1,033
Kyoei Steel, Ltd. 3,800 64,778
Kyoei Tanker Company, Ltd. (I) 5,000 11,187
Kyokuto Kaihatsu Kogyo Company, Ltd. 5,600 49,830
Kyokuto Securities Company, Ltd. 4,500 33,710
Kyokuyo Company, Ltd. 11,000 25,081
Kyorin Company, Ltd. 8,000 164,996
Kyoritsu Maintenance Company, Ltd. 1,500 31,749
Kyosan Electric Manufacturing Company, Ltd. 8,000 30,992
Kyoto Kimono Yuzen Company, Ltd. 1,500 17,411
Kyowa Exeo Corp. 13,600 124,227
Kyowa Leather Cloth Company, Ltd. 200 701
Kyudenko Corp. 9,000 52,567
Laox Company, Ltd. (I) 24,000 10,083
Lec, Inc. 1,000 12,617
Leopalace21 Corp. (I) 21,800 58,772
Life Corp. 5,400 89,734
Lintec Corp. 3,500 62,428
Look Inc 7,000 34,747
Macnica, Inc. 2,100 44,702
Macromill, Inc. 2,000 20,997

 

86

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Maeda Corp. 18,000 $ 73,212
Maeda Road Construction Company, Ltd. 9,000 95,080
Maezawa Kasei Industries Company, Ltd. 2,000 19,566
Maezawa Kyuso Industries Company, Ltd. 1,600 20,516
Makino Milling Machine Company, Ltd. 15,575 92,499
Mamiya-Op Company, Ltd. 9,000 14,188
Mandom Corp. 2,970 74,555
Mars Engineering Corp. 1,500 33,557
Marubun Corp. 2,200 9,249
Marudai Food Company, Ltd. 17,000 59,302
Maruei Department Store Company, Ltd. (I) 7,000 6,855
Maruetsu, Inc. 7,000 25,312
Maruha Group, Inc. 52,815 79,462
Marusan Securities Company, Ltd. 9,061 30,072
Maruwa Company, Ltd. 1,600 48,759
Maruyama Manufacturing Company, Inc. 7,000 13,652
Maruzen Showa Unyu Company, Ltd. 8,000 23,971
Matsuda Sangyo Company, Ltd. 2,020 29,701
Matsui Securities Company, Ltd. 10,800 53,896
Matsumotokiyoshi Holdings Company, Ltd. 3,300 72,491
Matsuya Company, Ltd. (I) 5,600 42,717
Matsuya Foods Company, Ltd. 1,400 26,118
Max Company, Ltd. 8,000 93,799
Maxvalu Tokai Company, Ltd. 2,000 27,865
MEC Company, Ltd. 2,400 7,203
Megachips Corp. 2,900 63,522
Megane Top Company, Ltd. (I) 4,500 51,521
Megmilk Snow Brand Company, Ltd. 7,600 126,242
Meidensha Corp. 17,086 58,384
Meiji Shipping Company, Ltd. 3,900 13,768
Meiko Network Japan Company, Ltd. 1,500 14,199
Meisei Electric Company, Ltd. 4,000 4,538
Meitec Corp. 4,000 83,591
Meito Sangyo Company, Ltd. 900 11,273
Meiwa Corp. 4,000 39,992
Meiwa Estate Company, Ltd. 3,300 16,700
Melco Holdings, Inc. 2,300 47,137
Michinoku Bank, Ltd. 17,000 30,497
Mikuni Coca-Cola Bottling Company, Ltd. 4,000 34,854
Mikuni Corp. 1,000 2,135
Milbon Company, Ltd. 1,300 38,026
Mimasu Semiconductor Industry Company, Ltd. 2,700 21,615
Minato Bank, Ltd. 28,000 46,989
Ministop Company, Ltd. 2,300 39,465
Mirait Holdings Corp. 6,980 47,271
Misawa Homes Company, Ltd. 1,200 16,594
Mitani Corp. 2,500 29,592
Mito Securities Company, Ltd. 6,000 12,224
Mitsuba Corp. 3,000 22,869
Mitsubishi Kakoki Kaisha, Ltd. 7,000 11,058
Mitsubishi Paper Mills, Ltd. (I) 29,387 26,946
Mitsubishi Pencil Company, Ltd. 2,700 45,494
Mitsubishi Research Institute, Inc. 300 6,311
Mitsubishi Steel Manufacturing Company, Ltd. 20,000 49,911
Mitsuboshi Belting Company, Ltd. 9,000 42,346
Mitsui Engineering &    
Shipbuilding Company, Ltd. 29,000 38,640
Mitsui High-Tec, Inc. (I) 4,100 17,984
Mitsui Home Company, Ltd. 4,000 19,499
Mitsui Knowledge Industry Company, Ltd. 104 17,164
Mitsui Matsushima Company, Ltd. 18,000 29,506
Mitsui Mining & Smelting Company, Ltd. 54,000 121,921
Mitsui Sugar Company, Ltd. 17,000 54,316
Mitsui-Soko Company, Ltd. 14,000 49,720
Mitsumi Electric Company, Ltd. (I) 15,300 102,647

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Mitsumura Printing Company, Ltd. 4,000 $ 12,751
Mitsuuroko Company, Ltd. 4,000 25,285
Miura Company, Ltd. 4,200 107,124
Miyachi Corp. 700 4,680
Miyaji Engineering Group, Inc. (I) 11,000 19,210
Miyazaki Bank, Ltd. 26,000 58,241
Miyoshi Oil & Fat Company, Ltd. 7,000 8,914
Mizuno Corp. 16,000 81,038
Mochida Pharmaceutical Company, Ltd. 11,000 117,921
Modec, Inc. 4,100 70,743
Monex Group, Inc. 251 38,243
Mori Seiki Company, Ltd. 14,600 125,317
Morinaga & Company, Ltd. 33,000 73,236
Morinaga Milk Industry Company, Ltd. 31,000 116,213
Morita Corp. 3,000 20,103
Mory Industries, Inc. 3,000 8,511
MOS Food Services, Inc. 3,600 71,036
Moshi Moshi Hotline, Inc. 7,500 70,554
Mr. Max Corp. 3,200 11,765
Musashi Seimitsu Industry Company, Ltd. 3,900 75,595
Musashino Bank, Ltd. 5,600 158,139
Mutoh Holdings Company, Ltd. 5,000 14,447
Mutow Company, Ltd. 4,000 14,252
Nac Company, Ltd. 300 6,175
Nachi-Fujikoshi Corp. 29,000 128,300
Nagaileben Company, Ltd. 1,400 20,441
Nagano Bank, Ltd. 5,000 9,167
Nagano Keiki Company, Ltd. 700 5,328
Nagatanien Company, Ltd. 2,000 18,489
Nakabayashi Company, Ltd. 3,000 6,607
Nakamuraya Company, Ltd. 6,000 27,162
Nakayama Steel Works, Ltd. (I) 11,000 6,844
Natori Company, Ltd. 100 1,045
NEC Fielding, Ltd. 3,100 37,446
NEC Leasing, Ltd. 2,000 24,391
NEC Mobiling, Ltd. 1,200 46,588
NEC Networks & System Integration Corp. 4,200 65,672
NET One Systems Company, Ltd. 14,000 192,994
Neturen Company, Ltd. 4,500 32,399
Nice Holdings, Inc. 13,000 31,914
Nichia Steel Works, Ltd. 4,000 9,527
Nichias Corp. 12,000 58,198
Nichicon Corp. 8,073 79,566
Nichiden Corp. 800 20,708
Nichiha Corp. 3,100 31,680
Nichii Gakkan Company, Ltd. 7,000 68,253
Nichimo Company, Ltd. 7,000 14,524
NICHIREI Corp. 31,000 138,080
Nichireki Company, Ltd. 2,000 9,589
Nidec Copal Corp. 1,800 19,382
Nidec Copal Electronics Corp. 2,600 14,150
Nidec Sankyo Corp. 5,000 27,869
Nidec Tosok Corp. 2,800 24,684
Nifco, Inc. 7,104 163,656
NIFTY Corp. 9 12,113
Nihon Chouzai Company, Ltd. 540 20,162
Nihon Dempa Kogyo Company, Ltd. 2,000 22,583
Nihon Eslead Corp. 2,000 16,132
Nihon Kohden Corp. 6,600 187,962
Nihon M&A Center, Inc. (I) 1,400 39,847
Nihon Nohyaku Company, Ltd. 6,000 24,967
Nihon Parkerizing Company, Ltd. 7,000 105,252
Nihon Unisys, Ltd. 10,725 68,886
Nihon Yamamura Glass Company, Ltd. 13,000 28,445
Nikkiso Company, Ltd. 11,000 109,941

 

87

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Nikko Company, Ltd. 5,000 $ 16,760
Nippo Corp. 9,000 84,004
Nippon Beet Sugar    
Manufacturing Company, Ltd. 24,000 46,824
Nippon Carbon Company, Ltd. 21,000 50,980
Nippon Ceramic Company, Ltd. 2,500 39,010
Nippon Chemi-Con Corp. (I) 22,271 65,708
Nippon Chemical Industrial Company, Ltd. 13,000 18,181
Nippon Chemiphar Company, Ltd. 5,000 23,958
Nippon Coke & Engineering Company, Ltd. 31,500 39,149
Nippon Columbia Company, Ltd. (I) 29,000 8,873
Nippon Concrete Industries Company, Ltd. 2,000 6,150
Nippon Denko Company, Ltd. 14,000 51,529
Nippon Densetsu Kogyo Company, Ltd. 7,000 62,413
Nippon Denwa Shisetsu Company, Ltd. 6,000 18,132
Nippon Felt Company, Ltd. 2,700 13,108
Nippon Filcon Company, Ltd. 3,100 15,503
Nippon Fine Chemical Company, Ltd. 3,000 18,581
Nippon Flour Mills Company, Ltd. 18,000 76,119
Nippon Formula Feed    
Manufacturing Company, Ltd. 6,000 7,177
Nippon Gas Company, Ltd. 4,800 49,132
Nippon Hume Corp. 1,000 4,170
Nippon Jogesuido Sekkei Company, Ltd. 3 3,831
Nippon Kanzai Company, Ltd. 800 14,327
Nippon Kasei Chemical Company, Ltd. 9,000 13,165
Nippon Kinzoku Company, Ltd. (I) 4,000 6,102
Nippon Koei Company, Ltd. 9,000 30,143
Nippon Konpo Unyu Soko Company, Ltd. 11,000 128,681
Nippon Koshuha Steel Company, Ltd. 9,000 9,493
Nippon Light Metal Company, Ltd. 68,000 90,529
Nippon Metal Industry Company, Ltd. (I) 16,000 10,765
Nippon Parking Development Company, Ltd. 293 15,916
Nippon Pillar Packing Company, Ltd. 5,000 42,970
Nippon Piston Ring Company, Ltd. 13,000 24,407
Nippon Road Company, Ltd. 13,000 42,583
Nippon Seiki Company, Ltd. 7,000 71,067
Nippon Seisen Company, Ltd. 6,000 26,504
Nippon Sharyo, Ltd. 11,000 35,737
Nippon Sheet Glass Company, Ltd. (L) 141,000 138,345
Nippon Shinyaku Company, Ltd. 8,000 89,781
Nippon Signal Company, Ltd. 9,100 57,700
Nippon Soda Company, Ltd. 21,000 81,301
Nippon Steel Trading Company., Ltd. 14,000 35,558
Nippon Suisan Kaisha, Ltd. 28,165 78,663
Nippon Synthetic Chemical    
Industry Company, Ltd. 9,000 50,602
Nippon System Development Company, Ltd. 6,015 51,529
Nippon Thompson Company, Ltd. 12,000 54,698
Nippon Valqua Industries, Ltd. 11,000 28,539
Nippon Yakin Kogyo Company, Ltd. (I) 16,500 22,183
Nippon Yusoki Company, Ltd. 5,000 13,853
Nipro Corp. 14,400 82,462
Nishimatsu Construction Company, Ltd. 40,000 63,618
Nishimatsuya Chain Company, Ltd. 9,600 76,130
Nissan Chemical Industries, Ltd. 13,300 111,979
Nissan Motor Company, Ltd. 2,800 26,890
Nissan Shatai Company, Ltd. 13,277 144,501
Nissei Corp. 3,000 28,079
Nissen Holdings Company, Ltd. 4,600 20,972
Nissha Printing Company, Ltd. (I) 4,800 46,640
Nisshin Fudosan Company, Ltd. 3,000 16,845
Nisshin Oillio Group, Ltd. 15,000 61,497
Nissin Corp. 11,000 28,153
Nissin Electric Company, Ltd. 7,000 39,314

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Nissin Kogyo Company, Ltd. 6,800 $ 91,431
Nissin Sugar Holdings Company, Ltd. 300 5,787
Nissui Pharmaceutical Company, Ltd. 2,600 24,082
Nitta Corp. 3,100 48,039
Nittan Valve Company, Ltd. 4,000 14,114
Nittetsu Mining Company, Ltd. 12,000 47,288
Nitto Boseki Company, Ltd. (L) 25,229 73,108
Nitto Kogyo Corp. 4,900 77,298
Nitto Kohki Company, Ltd. 1,700 35,526
Nitto Seiko Company, Ltd. 4,000 10,836
Nittoc Construction Company, Ltd. 18,000 17,843
Noevir Holdings Company, Ltd. 2,500 28,867
NOF Corp. 29,000 137,868
Nohmi Bosai, Ltd. 2,000 11,742
Nomura Company, Ltd. 8,000 24,196
Noritake Company, Ltd. 18,000 45,785
Noritsu Koki Company, Ltd. 2,000 9,168
Noritz Corp. 3,500 64,200
NS Solutions Corp. 3,000 54,344
Obara Group, Inc. 1,200 14,464
Obayashi Road Corp. 4,000 10,228
OBIC Business Consultants, Ltd. 650 30,763
Oenon Holdings, Inc. 10,000 22,911
Ogaki Kyoritsu Bank, Ltd. 32,000 94,835
Ohara, Inc. 2,000 20,151
Oiles Corp. 4,427 92,236
Oita Bank, Ltd. 26,000 78,981
Okabe Company, Ltd. 7,900 48,628
Okamoto Industries, Inc. 12,000 47,220
Okamura Corp. 11,000 77,977
Okasan Holdings, Inc. 28,000 97,555
OKI Electric Industry Company, Ltd. (I) 83,000 114,722
Okinawa Electric Power Company, Inc. 3,000 95,408
OKK Corp. (I) 10,000 12,232
OKUMA Corp. 15,382 100,551
Okumura Corp. 25,000 78,274
Okura Industrial Company, Ltd. 8,000 20,252
Okuwa Company, Ltd. 3,000 34,889
Olympic Corp. 400 3,955
ONO Sokki Company, Ltd. 4,000 16,058
Onoken Company, Ltd. 1,400 11,359
Onward Kashiyama Company, Ltd. 18,000 136,771
Optex Company, Ltd. 1,100 13,321
Organo Corp. 6,000 35,944
Origin Electric Company, Ltd. 7,000 24,610
Osaka Organic Chemical Industry, Ltd. 3,200 14,482
Osaka Steel Company, Ltd. 2,500 46,016
Osaki Electric Company, Ltd. 3,000 26,564
OSG Corp. 10,400 147,914
Oyo Corp. 4,100 41,199
Pacific Industrial Company, Ltd. 6,000 38,180
Pacific Metals Company, Ltd. 22,000 88,167
Pal Company, Ltd. 950 46,303
Paltac Corp. 3,800 50,521
PanaHome Corp. 11,000 66,207
Panasonic Electric Works Information    
Systems Company, Ltd. 500 12,104
Panasonic Electric Works SUNX Company, Ltd. 6,100 26,597
Paramount Bed Holdings Company, Ltd. 2,500 79,225
Parco Company, Ltd. 7,200 70,734
Paris Miki, Inc. 3,900 23,209
Pasco Corp. 4,000 11,068
Pasona Group, Inc. 31 21,743
Penta-Ocean Construction Company, Ltd. (L) 28,000 62,657
PIA Corp. 1,300 13,871

 

88

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Pigeon Corp. 2,731 $ 108,469
Pilot Corp. 22 40,345
Piolax, Inc. 1,400 29,908
Pioneer Corp. (I) 16,300 61,462
Plenus Company, Ltd. 2,800 51,946
Point, Inc. 2,780 99,990
Press Kogyo Company, Ltd. 8,000 39,392
Pressance Corp. 400 6,177
Prima Meat Packers, Ltd. 14,000 23,190
Pronexus, Inc. 3,500 21,477
PS Mitsubishi Construction Company, Ltd. 4,200 20,777
Raito Kogyo Company, Ltd. 7,600 30,851
Rasa Industries, Ltd. (I) 10,000 10,430
Resorttrust, Inc. 5,800 96,722
Rhythm Watch Company, Ltd. 14,000 21,378
Ricoh Leasing Company, Ltd. 3,200 73,381
Right On Company, Ltd. 1,800 15,144
Riken Corp. 16,000 65,178
Riken Keiki Company, Ltd. 2,500 16,279
Riken Technos Corp. 8,000 21,457
Riken Vitamin Company, Ltd. 2,000 59,709
Ringer Hut Company, Ltd. 2,800 38,901
Riso Kagaku Corp. 2,000 36,190
Riso Kyoiku Company, Ltd. (I) 338 22,381
Rock Field Company, Ltd. 2,000 36,773
Rohto Pharmaceutical Company, Ltd. 4,000 47,245
Roland Corp. 2,500 19,988
Roland D.G. Corp. 1,400 14,424
Round One Corp. 9,900 52,020
Royal Holdings Company, Ltd. 5,200 61,660
Ryobi, Ltd. 18,000 53,050
Ryoden Trading Company, Ltd. 4,000 23,235
Ryohin Keikaku Company, Ltd. 3,500 178,495
Ryosan Company, Ltd. 5,929 108,846
Ryoshoku, Ltd. 1,000 22,354
Ryoyo Electro Corp. 3,200 33,603
S Foods, Inc. 1,000 8,622
Sagami Chain Company, Ltd. (I) 2,000 16,120
Saibu Gas Company, Ltd. 45,000 109,031
Saizeriya Company, Ltd. 3,900 58,465
Sakai Chemical Industry Company, Ltd. 14,000 44,016
Sakai Heavy Industries, Ltd. 6,000 19,894
Sakai Ovex Company, Ltd. 5,000 6,616
Sakata INX Corp. 5,000 23,349
Sakata Seed Corp. 5,400 72,959
Sala Corp. 4,500 24,998
San Holdings, Inc. 200 3,438
San-A Company, Ltd. 1,100 42,305
San-Ai Oil Company, Ltd. 7,000 30,812
Sanden Corp. 21,000 75,358
Sangetsu Company, Ltd. 3,900 93,580
Sanix, Inc. (I) 7,100 20,760
Sanken Electric Company, Ltd. 16,437 59,342
Sanki Engineering Company, Ltd. 9,000 42,968
Sanko Marketing Foods Company, Ltd. 5 6,563
Sanko Metal Industrial Company, Ltd. 6,000 17,436
Sankyo Seiko Company, Ltd. 7,700 24,853
Sankyo-Tateyama Holdings, Inc. 32,000 54,551
Sankyu, Inc. 41,000 145,118
Sanoh Industrial Company, Ltd. 4,600 38,974
Sanshin Electronics Company, Ltd. 6,000 38,247
Sanwa Shutter Corp. 27,124 107,854
Sanyo Chemical Industries, Ltd. 10,000 60,177
Sanyo Denki Company, Ltd. 6,000 35,614
Sanyo Housing Nagoya Company, Ltd. 9 8,610

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Sanyo Shokai, Ltd. 18,000 $ 56,904
Sanyo Special Steel Company, Ltd. 16,648 75,697
Sapporo Hokuyo Holdings, Inc. 2,100 6,048
Sapporo Holdings, Ltd. 38,000 113,709
Sasebo Heavy Industries Company, Ltd. 17,000 19,869
Sato Corp. 3,000 39,861
Satori Electric Company, Ltd. 2,400 12,712
Sawai Pharmaceutical Company, Ltd. 1,600 170,800
Saxa Holdings, Inc. 6,000 10,863
SCSK Corp. 7,208 103,489
Seibu Electric Industry Company, Ltd. 3,000 12,328
Seika Corp. 11,000 31,327
Seikagaku Corp. 5,700 56,119
Seiko Holdings Corp. (I) 17,000 46,447
Seino Holdings Company, Ltd. 8,000 51,970
Seiren Company, Ltd. 7,000 50,643
Sekisui Jushi Corp. 6,000 57,335
Sekisui Plastics Company, Ltd. 7,000 23,032
Senko Company, Ltd. 16,000 70,799
Senshu Electric Company, Ltd. 1,500 18,779
Senshukai Company, Ltd. 4,500 29,218
Shibaura Mechatronics Corp. (I) 5,000 10,566
Shibusawa Warehouse Company, Ltd. 6,000 17,558
Shibuya Kogyo Company, Ltd. 3,300 36,765
Shikibo, Ltd. 26,000 29,766
Shikoku Bank, Ltd. 29,000 70,008
Shikoku Chemicals Corp. 5,000 27,555
Shima Seiki Manufacturing, Ltd. 4,700 73,283
Shimachu Company, Ltd. 6,100 126,394
Shimizu Bank, Ltd. 1,300 32,995
Shimojima Company, Ltd. 1,100 12,593
Shin Nippon Air Technologies Company, Ltd. 3,100 16,961
Shin-Etsu Polymer Company, Ltd. 5,300 24,790
Shin-Keisei Electric Railway Company, Ltd. 4,000 17,716
Shinagawa Refractories Company, Ltd. 5,000 11,131
Shindengen Electric    
Manufacturing Company, Ltd. 9,000 32,445
Shinkawa, Ltd. 1,700 8,092
Shinko Electric Company, Ltd. (L) 14,000 27,195
Shinko Electric Industries Company, Ltd. 9,600 69,077
Shinko Plantech Company, Ltd. 7,200 54,469
Shinko Shoji Company, Ltd. 2,700 20,753
Shinmaywa Industries, Ltd. 18,000 82,084
Shinnihon Corp. 8,000 17,596
Shinsho Corp. 7,000 14,857
Shinwa Company, Ltd. 300 3,259
Shinwa Kaiun Kaisha, Ltd. (I) 11,000 15,209
Ship Healthcare Holdings, Inc. 3,700 87,146
Shiroki Corpshiroki Corp. 17,000 42,943
Shizuki Electric Company, Inc. 3,000 13,045
Shizuoka Gas Company, Ltd. 9,500 60,724
SHO-BOND Holdings Company, Ltd. 3,600 95,564
Shobunsha Publications, Inc. 2,400 16,093
Shochiku Company, Ltd. 14,000 130,179
Shoei Foods Corp. 900 6,452
Shofu, Inc. 2,200 23,722
Shoko Company, Ltd. 11,000 15,536
Showa Aircraft Industry Company, Ltd. 3,000 17,192
Showa Corp. 7,200 56,610
Showa Sangyo Company, Ltd. 13,000 39,954
Siix Corp. 2,100 26,303
Simplex Technology, Inc. 31 10,263
Sinanen Company, Ltd. 10,000 41,631
Sintokogio, Ltd. 8,000 75,685
SKY Perfect JSAT Holdings, Inc. 226 92,162

 

89

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
SMK Corp. 8,000 $ 23,554
SNT Corp. 3,200 15,591
So-net Entertainment Corp. 21 75,474
Sodick Company Ltd. 8,000 41,246
Sogo Medical Company, Ltd. 900 32,326
Sohgo Security Services Company, Ltd. 12,500 163,839
Space Company, Ltd. 2,700 16,667
SPK Corp. 300 5,008
Sra Holdings 1,100 11,713
SRI Sports, Ltd. 2,100 24,866
ST Corp. 1,100 12,668
St. Marc Holdings Company, Ltd. 1,100 42,251
Star Micronics Company, Ltd. 5,100 49,110
Starzen Company, Ltd. 9,000 25,941
Stella Chemifa Corp. 1,700 29,975
Studio Alice Company, Ltd. 1,100 19,212
Sugi Pharmacy Company, Ltd. 900 28,631
Sugimoto & Company, Ltd. 300 2,760
Sumida Corp. 2,600 12,687
Sumikin Bussan Corp. 10,000 24,126
Suminoe Textile Company, Ltd. 5,000 8,775
Sumiseki Holdings, Inc. (I) 9,800 9,461
Sumitomo Bakelite Company, Ltd. 24,000 119,315
Sumitomo Densetsu Company, Ltd. 4,300 29,839
Sumitomo Forestry Company, Ltd. 1,700 14,110
Sumitomo Light Metal Industries, Ltd. 60,000 60,269
Sumitomo Mitsui Company, Ltd. (I) 31,300 19,936
Sumitomo Osaka Cement Company, Ltd. 51,000 150,815
Sumitomo Pipe & Tube Company, Ltd. 4,100 37,513
Sumitomo Precision Products Company, Ltd. 4,000 19,985
Sumitomo Real Estate Sales Company, Ltd. 1,690 74,454
Sumitomo Seika Chemicals Company, Ltd. 10,000 39,166
Sumitomo Titanium Corp. 2,000 62,200
Sumitomo Warehouse Company, Ltd. 17,952 78,743
Sun-wa Technos Corp. 400 3,334
SWCC Showa Holdings Company, Ltd. 41,000 33,363
SxL Corp. (I) 10,000 18,325
Systena Corp. 49 38,663
T Rad Company, Ltd. 11,000 37,513
T. Hasegawa Company, Ltd. 2,900 32,582
Tachi-S Company, Ltd. 3,100 53,320
Tachibana Eletech Company, Ltd. 1,700 14,865
Tact Home Company, Ltd. 17 14,389
Tadano, Ltd. 17,000 125,854
Taihei Dengyo Kaisha, Ltd. 5,000 33,601
Taihei Kogyo Company, Ltd. 11,000 49,304
Taiho Kogyo Company, Ltd. 2,900 34,929
Taikisha, Ltd. 5,800 111,743
Taiko Bank, Ltd. 2,000 4,729
Taiko Pharmaceutical Company, Ltd. 1,000 7,575
Taisei Lamick Company, Ltd. 600 17,514
Taiyo Holdings Company, Ltd. 2,500 60,603
Taiyo Yuden Company, Ltd. (L) 14,500 127,037
Takamatsu Corp. 1,900 28,001
Takano Company, Ltd. 2,000 10,242
Takaoka Electric    
Manufacturing Company, Ltd. (L) 8,000 17,126
Takara Holdings, Inc. 12,000 72,490
Takara Leben Company, Ltd. 3,300 24,073
Takara Standard Company, Ltd. 15,000 107,331
Takasago International Corp. 12,000 56,937
Takasago Thermal Engineering Company, Ltd. 10,200 80,762
Takashima & Company, Ltd. 3,000 13,046
Take and Give Needs Company, Ltd. 86 8,518
Takihyo Company, Ltd. 2,000 11,054

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Takiron Company, Ltd. 7,000 $ 22,372
Takisawa Machine Tool Company, Ltd. 6,000 8,481
Takuma Company, Ltd. 10,000 41,364
Tamron Company, Ltd. 1,300 38,386
Tamura Corp. 16,000 38,998
Tatsuta Electric Wire & Cable Company, Ltd. 8,000 43,408
Tayca Corp. 3,000 9,599
TBK Company, Ltd. 3,000 16,495
Teac Corp. (I) 35,000 11,602
Tecmo Koei Holdings Company, Ltd. 5,200 44,600
Teikoku Electric Manufacturing Company, Ltd. 700 12,428
Teikoku Piston Ring Company, Ltd. 2,700 47,348
Teikoku Sen-I Company, Ltd. 4,000 30,523
Teikoku Tsushin Kogyo Company, Ltd. 6,000 9,623
Tekken Corp. 23,000 28,076
Telepark Corp. 28 50,879
Temp Holdings Company, Ltd. 2,600 27,148
Tenma Corp. 2,100 21,631
The 77th Bank, Ltd. 15,000 57,194
The Chiba Kogyo Bank, Ltd. (I) 3,500 17,438
The Daiei, Inc. (I) 20,100 49,661
The Hokkoku Bank, Ltd. 40,000 152,636
The Hyakugo Bank, Ltd. 31,000 118,204
The Mie Bank, Ltd. 12,000 25,495
The Pack Corp. 1,900 32,623
The San-in Godo Bank, Ltd. 23,000 144,507
The Yachiyo Bank, Ltd. 400 7,784
Tigers Polymer Corp. 2,000 7,642
Titan Kogyo KK 2,000 6,462
TKC Corp. 2,900 59,705
TOA Corp. 35,000 57,920
TOA Oil Company, Ltd. 14,000 15,865
TOA Road Corp. 7,000 18,234
Toagosei Company, Ltd. 34,000 125,645
Tobishima Corp. (I) 9,600 9,406
Tobu Store Company, Ltd. 8,000 26,409
TOC Company, Ltd. 11,400 60,768
Tocalo Company, Ltd. 3,100 45,605
Tochigi Bank, Ltd. 19,000 58,972
Toda Corp. 39,000 103,790
Toda Kogyo Corp. 5,000 25,992
Toei Company, Ltd. 11,000 49,507
Toenec Corp. 6,000 32,007
Toho Bank, Ltd. 28,000 81,545
Toho Company, Ltd. 6,000 23,242
Toho Holdings Company, Ltd. 7,300 140,703
Toho Real Estate Company, Ltd. 2,000 10,237
Toho Titanium Company, Ltd. 3,600 39,830
Toho Zinc Company, Ltd. 25,000 90,300
Tohoku Bank, Ltd. 16,000 22,375
Tohto Suisan Company, Ltd. 5,000 7,710
Tokai Carbon Company, Ltd. 23,000 101,344
Tokai Holdings Corp. 4,000 16,370
Tokai Rika Company, Ltd. 1,500 24,551
Tokai Rubber Industries, Ltd. 7,400 75,760
Tokai Tokyo Securities Company, Ltd. 32,966 106,027
Token Corp. (I) 1,500 49,202
Tokimec, Inc. 10,000 16,433
Toko Electric Corp. 6,000 23,373
Toko, Inc. (I) 10,000 24,225
Tokushu Tokai Holdings Company, Ltd. 18,000 38,922
Tokuyama Corp. (L) 59,000 137,849
Tokyo Derica Company, Ltd. 900 7,967
Tokyo Dome Corp. (I) 22,000 59,865
Tokyo Electron Device, Ltd. 3 5,044

 

90

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Tokyo Energy & Systems, Inc. 3,000 $ 13,572
Tokyo Individualized Educational Institute, Inc. 2,600 4,535
Tokyo Kikai Seisakusho, Ltd. (I) 10,000 5,725
Tokyo Ohka Kogyo Company, Ltd. 7,200 148,193
Tokyo Rakutenchi Company, Ltd. 6,000 22,253
Tokyo Rope Manufacturing Company, Ltd. (L) 23,000 38,264
Tokyo Sangyo Company, Ltd. 500 1,663
Tokyo Seimitsu Company, Ltd. 6,500 112,340
Tokyo Steel Manufacturing Company, Ltd. 16,600 97,958
Tokyo Tatemono Company, Ltd. (I) 36,000 115,322
Tokyo Tekko Company, Ltd. 7,000 21,623
Tokyo Theatres Company, Inc. 12,000 15,743
Tokyo Tomin Bank, Ltd. 4,800 45,358
Tokyotokeiba Company, Ltd. 23,000 30,994
Tokyu Community Corp. 1,300 41,419
Tokyu Construction Company, Ltd. 11,020 21,625
Tokyu Livable, Inc. 2,200 21,395
Tokyu Recreation Company, Ltd. (I) 4,000 23,564
Toli Corp. 7,000 12,472
Tomato Bank, Ltd. 10,000 15,497
Tomen Electronics Corp. 1,400 19,703
Tomoe Corp. 4,400 15,205
Tomoe Engineering Company, Ltd. 1,500 28,762
Tomoku Company, Ltd. 11,000 32,190
TOMONY Holdings, Inc. 17,700 66,807
Tomy Company, Ltd. 6,100 38,431
Tonami Holdings Company, Ltd. 4,000 7,502
Topcon Corp. 8,200 63,553
Toppan Forms Company, Ltd. 7,900 61,424
Topre Corp. 8,000 66,376
Topy Industries, Ltd. 27,000 73,977
Toridoll Corp. 4,000 58,784
Torigoe Company, Ltd. 2,300 18,474
Torii Pharmaceutical Company, Ltd. 1,700 33,538
Torishima Pump Manufacturing Company, Ltd. 3,300 33,110
Tosei Corp. 16 5,389
Toshiba Machine Company, Ltd. 15,000 73,469
Toshiba Plant Systems & Services Corp. 7,000 73,546
Toshiba TEC Corp. 22,000 77,178
Tosho Printing Company, Ltd. 3,000 4,969
Totetsu Kogyo Company, Ltd. 4,000 40,989
Tottori Bank, Ltd. 11,000 20,152
Touei Housing Corp. 2,500 24,476
Towa Bank, Ltd. 33,000 28,176
Towa Corptowa Corp. 3,600 22,344
Towa Pharmaceutical Company, Ltd. 1,500 78,370
Toyo Construction Company, Ltd. 44,000 30,848
Toyo Corp. 5,300 54,534
Toyo Electric Manufacturing Company, Ltd. 4,000 12,605
Toyo Engineering Corp. 23,000 93,556
Toyo Ink Manufacturing Company, Ltd. 30,000 101,404
Toyo Kanetsu KK 16,000 31,689
Toyo Kohan Company, Ltd. 9,000 30,043
Toyo Securities Company, Ltd. 15,000 28,423
Toyo Tanso Company, Ltd. 1,700 48,024
Toyo Tire & Rubber Company, Ltd. 30,000 84,511
Toyo Wharf & Warehouse Company, Ltd. 1,000 1,630
Toyobo Company, Ltd. 120,064 159,210
Toyota Motor Corp. 500 19,193
Trancom Company, Ltd. 400 8,238
Transcosmos, Inc. 3,700 52,788
Trusco Nakayama Corp. 4,000 85,852
TS Tech Company, Ltd. 6,600 116,277
Tsi Holdings Company, Ltd. 13,805 74,406
Tsubakimoto Chain Company, Ltd. 19,000 105,392

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Tsudakoma Corp. (I) 9,000 $ 16,268
Tsugami Corp. (L) 7,000 58,382
Tsukishima Kikai Company, Ltd. 2,000 15,893
Tsukuba Bank, Ltd. 8,000 25,841
Tsukui Corp. 700 9,825
Tsuruha Holdings, Inc. 2,400 141,873
Tsurumi Manufacturing Company, Ltd. 3,000 23,148
Tsutsumi Jewelry Company, Ltd. 900 24,830
TV Asahi Corp. 4 5,512
U-Shin, Ltd. 6,300 36,362
Ube Material Industries, Ltd. 9,000 21,088
Uchida Yoko Company, Ltd. 11,000 31,330
ULVAC, Inc. (I) 7,400 39,342
Umenohana Company, Ltd. 2 4,416
Uniden Corp. 7,000 17,461
Union Tool Company, Ltd. 1,800 28,975
Unipres Corp. 4,300 118,110
United Arrows, Ltd. 2,400 59,692
Unitika, Ltd. (I) 51,000 26,643
Utoc Corp. 4,300 12,693
Valor Company, Ltd. 4,700 79,424
Vital KSK Holdings, Inc. 7,700 70,125
Wacom Company, Ltd. 51 101,790
Wakachiku Construction Company, Ltd. (I) 17,000 15,988
Warabeya Nichiyo Company, Ltd. 2,800 43,744
Watabe Wedding Corp. 800 7,205
WATAMI Company, Ltd. 3,600 71,813
Weathernews, Inc. 800 25,256
Wood One Company, Ltd. 2,000 6,422
Xebio Company, Ltd. 4,700 112,997
Yahagi Construction Company, Ltd. 4,000 17,038
Yaizu Suisankagaku Industry Company, Ltd. 1,700 15,200
Yamabiko Corp. 700 8,913
Yamagata Bank, Ltd. 29,000 115,867
Yamanashi Chuo Bank, Ltd. 25,255 94,465
Yamatane Corp. 13,000 17,076
Yamaya Corp. 1,000 17,543
Yamazawa Company, Ltd. 100 1,659
Yamazen Corp. 7,500 60,674
Yaoko Company, Ltd. 800 27,998
Yasuda Warehouse Company, Ltd. 2,600 15,782
Yellow Hat, Ltd. 2,600 43,914
Yodogawa Steel Works, Ltd. 20,825 74,922
Yokogawa Bridge Corp. 6,000 36,293
Yokohama Reito Company, Ltd. 7,800 55,605
Yokowo Company, Ltd. 2,800 14,649
Yomeishu Seizo Company, Ltd. 3,000 26,443
Yomiuri Land Company, Ltd. 5,000 15,211
Yondenko Corp. 1,000 3,913
Yonekyu Corp. 3,000 31,222
Yorozu Corp. 1,600 26,445
Yoshinoya D&C Company, Ltd. 69 88,480
Yuasa Funashoku Company, Ltd. 4,000 9,234
Yuasa Trading Company, Ltd. 24,000 40,346
Yukiguni Maitake Company, Ltd. 600 2,094
Yurtec Corp. 8,000 28,779
Yusen Logistics Company, Ltd. 4,000 55,808
Yushin Precision Equipment Company, Ltd. 1,400 29,245
Yushiro Chemical Industry Company, Ltd. 1,100 10,555
Zenrin Company, Ltd. 3,800 35,135
Zensho Company, Ltd. 11,700 152,020
Zeria Pharmaceutical Company, Ltd. 3,000 43,856
Zuken, Inc. 2,300 16,011
 
    47,954,296

 

91

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Jersey, C.I. - 0.2%    
Atrium European Real Estate, Ltd. 23,324 $ 104,544
Centamin PLC (I) 123,822 125,431
Heritage Oil, Ltd. (I) 33,279 63,822
 
    293,797
Liechtenstein - 0.0%    
Liechtensteinische Landesbank AG 198 8,050
Verwaltungs & Privat Bank AG 503 38,232
 
    46,282
Luxembourg - 0.2%    
APERAM (L) 3,072 34,937
Elcoteq SE (I) 353 100
GAGFAH SA (I) 7,615 68,514
Oriflame Cosmetics SA 5,563 167,072
Regus PLC 84,777 116,889
 
    387,512
Malta - 0.1%    
Unibet Group PLC 4,781 122,164
Monaco - 0.0%    
Societe des Bains de Mer & du Cercle des    
Etrangers a Monaco SA 930 40,545
Netherlands - 1.9%    
Aalberts Industries NV 15,972 258,504
Accell Group 1,618 28,215
AMG Advanced Metallurgical Group NV (I)(L) 7,469 59,802
Amsterdam Commodities NV 2,313 36,266
Arcadis NV (L) 8,835 184,538
ASM International NV 7,145 243,910
BE Semiconductor Industries NV 9,793 67,228
Beter Bed Holding NV 2,845 50,850
BinckBank NV 9,514 72,021
Brunel International NV 2,644 107,327
Crown Van Gelder NV (I) 152 913
CSM NV 12,446 207,267
Delta Lloyd NV 9,116 113,535
Docdata NV 350 4,666
Dockwise, Ltd. (I) 324 6,040
Exact Holdings NV 2,795 59,718
Fornix Biosciences NV 1,231 989
Funcom NV (I) 5,315 14,635
Grontmij NV (I)(L) 8,838 24,670
Heijmans NV 1,074 7,368
Hunter Douglas NV 240 9,839
Imtech NV (L) 11,549 299,607
Kardan Nvkardan NV (I) 3,426 1,994
KAS Bank NV 2,111 18,278
Kendrion NV 1,403 30,015
Koninklijke BAM Groep NV 50,537 128,203
Koninklijke Ten Cate NV 5,386 128,793
Koninklijke Wessanen NV 11,887 29,316
LBI International NV (I) 6,140 19,465
Macintosh Retail Group NV 3,311 38,849
Mediq NV (L) 11,069 130,031
Nederlandsche Apparatenfabriek NEDAP NV 441 12,056
Nutreco Holding NV 5,997 393,572
Ordina NV (I) 4,821 5,337
PostNL NV 61,762 209,337
SBM Offshore NV (I) 13,516 177,717
Sligro Food Group NV 4,162 110,654
SNS REAAL NV (I)(L) 28,136 39,874
Telegraaf Media Groep NV (L) 2,755 30,684
TKH Group NV 4,964 109,513
TomTom NV (I)(L) 21,268 85,770

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Netherlands (continued)    
Unit 4 Agresso NV 4,775 $ 116,694
USG People NV 12,637 87,240
 
    3,761,300
New Zealand - 0.8%    
Air New Zealand, Ltd. 34,980 22,945
Ebos Group, Ltd. 3,312 18,969
Fisher & Paykel Appliances Holdings, Ltd. (I) 54,056 22,406
Fisher & Paykel Healthcare Corp. 95,767 147,898
Freightways, Ltd. 20,808 59,903
Hallenstein Glasson Holdings, Ltd. 6,230 19,629
Infratil, Ltd. 111,284 172,879
Mainfreight, Ltd. 7,607 56,445
New Zealand Exchange, Ltd. 17,438 16,417
New Zealand Oil & Gas, Ltd. 43,598 24,317
New Zealand Refining Company, Ltd. 20,150 39,454
Nuplex Industries, Ltd. 22,627 37,516
PGG Wrightson, Ltd. (I) 18,780 4,668
Pike River Coal Company, Ltd. (I) 57,122 0
Port of Tauranga, Ltd. 15,938 133,685
Pumpkin Patch, Ltd. (I) 30,500 20,227
Rakon, Ltd. (I) 10,503 4,027
Restaurant Brands New Zealand Ltd. 14,973 24,005
Ryman Healthcare, Ltd. 37,190 93,908
Sanford, Ltd. 6,681 19,636
Sky Network Television, Ltd. 33,191 123,760
SKYCITY Entertainment Group, Ltd. 110,681 296,942
Steel & Tube Holdings, Ltd. 7,400 12,156
Tower, Ltd. 43,309 51,800
TrustPower, Ltd. 1,000 5,765
Vector, Ltd. 45,726 92,646
Warehouse Group, Ltd. 16,872 32,019
 
    1,554,022
Norway - 0.9%    
ABG Sundal Collier Holding ASA (L) 41,044 25,167
Acta Holding ASA (I) 30,000 5,884
Algeta ASA (I) 1,668 39,944
Atea ASA 10,367 98,358
Birdstep Technology ASA (I) 6,000 1,453
Bonheur ASA 488 8,813
BW Offshore, Ltd. 58,362 65,344
BWG Homes ASA (I) 12,281 22,715
Camillo Eitzen & Company ASA (I) 580 194
Cermaq ASA (I) 7,593 79,944
Clavis Pharma ASA (I) 3,090 26,805
Det Norske Oljeselskap ASA (I) 272 3,596
DNO International ASA (I) 5 6
DOF ASA (I) 6,333 33,945
EDB Business Partner ASA 7,241 11,318
Eitzen Chemical ASA (I) 8,000 66
Ekornes ASA 3,813 58,005
Electromagnetic GeoServices ASA (I) 25,871 57,350
Eltek ASA (I) 31,844 18,154
Farstad Shipping ASA 4,400 109,617
Ganger Rolf ASA 1,779 30,420
Hurtigruten ASA (I) 1,481 894
Kongsberg Automotive Holding ASA (I) 59,856 15,655
Kvaerner ASA 20,207 42,603
Leroy Seafood Group ASA 1,839 24,781
Nordic Semiconductor ASA (I)(L) 28,917 92,743
Norse Energy Corp. ASA (I) 4,288 991
Norske Skogindustrier ASA (I)(L) 24,491 13,862
Norwegian Air Shuttle ASA (I) 5,230 75,970
Norwegian Energy Company AS (I) 26,350 25,487

 

92

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Norway (continued)    
Odfjell ASA 6,307 $ 34,143
Opera Software ASA 11,141 72,478
Panoro Energy ASA (I) 4,287 2,732
PhotoCure ASA (I) 1,408 9,234
Pronova Biopharma AS 23,972 39,180
Q-Free ASA (I) 7,500 26,187
Salmar ASA (I) 485 2,304
Scana Industrier ASA (I) 26,408 7,002
Sevan Marine ASA (I) 1,456 2,755
Siem Offshore, Inc. (I) 20,762 34,816
Solstad Offshore ASA 3,000 47,310
Sparebanken Midt-Norge ASA (L) 17,846 85,276
STX OSV Holdings, Ltd. 33,000 36,816
Tomra Systems ASA 25,129 175,059
TTS Group ASA (I) 3,803 10,365
Veidekke ASA 14,364 105,121
Wilh Wilhelmsen Holding ASA, Class A 4,200 107,801
 
    1,788,663
Peru - 0.0%    
Copeinca ASA 9,320 59,727
Portugal - 0.3%    
Altri SGPS SA 18,174 22,028
Banco BPI SA (I)(L) 43,354 19,904
Banco Comercial Portugues SA (I) 21,486 2,715
Banco Espirito Santo SA (I)(L) 133,628 76,184
BANIF SGPS SA (I) 4,673 641
Brisa Auto Estrada SA (I) 33,237 104,920
Impresa SGPS SA (I) 13,622 5,513
Investimentos Participacoes e Gestao SA (I) 31,635 4,701
Mota Engil SGPS SA 9,080 11,540
Novabase SGPS SA 2,054 5,085
Pararede SGPS SA (I) 10,834 1,481
Portucel - Empresa Produtora de Pasta    
e Papel SA (L) 30,403 63,154
Redes Energeticas Nacionais SA 27,282 66,983
Semapa-Sociedade de Investimento & Gestao 11,694 72,751
Sonae (L) 146,599 69,116
Sonae Industria SGPS SA (I) 4,886 2,418
Sonaecom - SGPS SA 14,441 20,458
Teixeira Duarte SA (I) 37,298 9,241
Zon Multimedia SA 24,934 65,081
 
    623,914
Russia - 0.0%    
Alliance Oil Company, Ltd., ADR (I) 1,596 13,670
Exillon Energy PLC (I) 781 1,175
 
    14,845
Singapore - 1.3%    
Amtek Engineering, Ltd. 19,000 9,408
Ausgroup, Ltd. 55,000 14,238
Baker Technology, Ltd. 101,000 25,606
Banyan Tree Holdings, Ltd. (I) 78,000 31,999
Bonvests Holdings, Ltd. 36,400 25,884
Boustead Singapore, Ltd. 29,000 20,002
Bukit Sembawang Estates, Ltd. 20,000 71,579
Cape PLC 7,857 29,481
Cerebos Pacific, Ltd. 18,000 71,118
CH Offshore, Ltd. 50,000 16,255
China Aviation Oil Singapore Corp., Ltd. 60,000 43,181
China Merchants Holdings Pacific, Ltd. 41,000 20,653
Chip Eng Seng Corp., Ltd. 63,000 19,276
Chuan Hup Holdings, Ltd. 78,000 13,003
Creative Technology, Ltd. 7,050 20,164

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Singapore (continued)    
CSE Global, Ltd. 81,000 $ 51,344
CWT, Ltd. 31,000 27,570
Ezion Holdings, Ltd. 81,000 47,192
Ezra Holdings, Ltd. (I) 100,800 74,005
Falcon Energy Group, Ltd. (I) 32,000 5,059
First Resources, Ltd. 61,000 78,636
FJ Benjamin Holdings, Ltd. 5,000 1,239
Food Empire Holdings, Ltd. 43,800 12,548
Fragrance Group, Ltd. 100,000 35,902
Gallant Venture, Ltd. (I) 111,000 23,989
GMG Global, Ltd. 301,000 28,170
Goodpack, Ltd. 47,000 59,857
GuocoLeisure, Ltd. 69,000 29,636
Guthrie GTS, Ltd. 48,000 19,615
Healthway Medical Corp, Ltd. (I) 336,375 20,273
Hi-P International, Ltd. 13,000 7,045
Ho Bee Investment, Ltd. 71,000 61,625
Hong Fok Corp., Ltd. (I) 47,760 15,700
Hong Leong Asia, Ltd. 16,000 19,680
Hotel Properties, Ltd. 27,100 39,579
HTL International Holdings, Ltd. 24,000 5,948
Hwa Hong Corp., Ltd. 55,000 15,338
Hyflux, Ltd. (L) 81,000 79,222
Indofood Agri Resources, Ltd. 77,000 73,878
Innotek, Ltd. 16,000 5,015
Jaya Holdings, Ltd. (I) 57,000 27,123
K-Green Trust 12,000 9,117
Keppel Telecommunications    
& Transportation, Ltd. 15,000 12,488
LC Development, Ltd. 68,000 7,466
Lian Beng Group, Ltd. 26,000 7,342
Liongold Corp., Ltd. (I) 42,000 32,695
Manhattan Resources, Ltd. (I) 34,000 20,370
Mercator Lines Singapore, Ltd. (I) 70,000 6,718
Metro Holdings, Ltd. 53,600 32,174
MFS Technology, Ltd. (I) 56,000 3,824
Midas Holdings, Ltd. 104,000 24,833
MobileOne, Ltd. 53,000 100,745
NatSteel, Ltd. 29,000 29,006
Oceanus Group, Ltd. (I) 142,000 6,701
Orchard Parade Holdings, Ltd. 18,000 22,980
Osim International, Ltd. 44,000 41,047
Otto Marine, Ltd. (I) 223,500 15,535
Pan Pacific Hotels Group, Ltd. 30,000 40,160
Petra Foods, Ltd. 46,000 81,204
QAF, Ltd. 18,000 9,339
Raffles Education Corp., Ltd. (I) 131,028 39,004
Raffles Medical Group, Ltd. 27,326 49,360
Rotary Engineering, Ltd. 37,000 14,455
S I2I, Ltd. (I) 316,000 7,585
SBS Transit, Ltd. 20,500 24,557
SC Global Developments, Ltd. 34,000 25,951
Sim Lian Group, Ltd. 69,447 31,984
Sinarmas Land, Ltd. 280,000 64,884
Singapore Post, Ltd. 32,784 25,934
Singapore Reinsurance Corp., Ltd. 47,000 8,389
Stamford Land Corp., Ltd. 100,000 43,342
Super Coffeemix Manufacturing, Ltd. 35,000 53,768
Swiber Holdings, Ltd. (I) 83,000 34,190
Tat Hong Holdings, Ltd. 28,000 22,336
Technics Oil & Gas, Ltd. 25,000 17,244
Tiger Airways Holdings Ltd. (I) 64,500 33,347
Tiong Woon Corp. Holding, Ltd. 12,000 2,221
Tuan Sing Holdings, Ltd. 104,000 21,218
UMS Holdings, Ltd. 19,000 5,857

 

93

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Singapore (continued)    
United Engineers, Ltd. 29,000 $ 47,836
United Envirotech, Ltd. 22,000 5,771
UOB-Kay Hian Holdings, Ltd. 37,000 45,623
Venture Corp., Ltd. 5,000 30,899
WBL Corp., Ltd. 14,000 34,955
Wing Tai Holdings, Ltd. 95,300 95,252
XP Power, Ltd. 1,539 28,910
Yongnam Holdings, Ltd. 168,000 29,170
 
    2,644,821
South Africa - 0.0%    
First Uranium Corp. (I) 25,500 1,728
Great Basin Gold, Ltd. (I) 41,400 23,248
 
    24,976
Spain - 1.6%    
Abengoa SA (I) 6,092 68,907
Acerinox SA 14,512 144,838
Adolfo Dominguez SA (I) 1,580 6,566
Amper SA (I) 2,862 6,907
Antena 3 de Television SA (I)(L) 10,592 38,795
Azkoyen SA (I) 2,428 4,367
Banco de Sabadell SA (L) 6,964 11,429
Banco Espanol De Credito SA 1,383 4,321
Banco Popular Espanol SA (L) 16,169 32,815
Bankinter SA (L) 40,148 123,384
Baron de Ley SA (I) 517 23,642
Bolsas y Mercados Espanoles SA 8,689 150,471
Caja de Ahorros del Mediterraneo (I) 1,684 208
Campofrio Alimentacion SA 2,513 17,956
Cementos Portland Valderrivas SA (I) 1,810 8,261
Cie Automotive SA 899 6,100
Codere SA (I) 2,376 12,816
Construcciones & Auxiliar de Ferrocarriles SA 318 140,024
Corporacion Dermoestetica SA (I) 898 385
Deoleo SA (I) 13,721 5,357
Duro Felguera SA (I) 8,082 44,494
Ebro Foods SA 14,515 232,729
Elecnor SA 5,244 60,237
Ercros SA (I) 14,570 7,211
Faes Farma SA 30,271 43,466
Fluidra SA 1,792 4,375
Fomento de Construcciones y Contratas SA (L) 1,507 19,008
Gamesa Corporacion Tecnologica SA (L) 21,578 39,840
General de Alquiler de Maquinaria (I) 5,197 3,033
Grifols SA (I) 7,458 169,641
Grupo Catalana Occidente SA (I) 7,194 84,801
Grupo Empresarial Ence SA 30,237 51,160
Grupo Ezentis SA (I) 25,467 4,150
Grupo Tavex SA (I) 8,440 3,116
Iberpapel Gestion SA (I) 1,271 19,988
Indra Sistemas SA 14,890 134,339
La Seda de Barcelona SA (I)(L) 8,595 6,954
Laboratorios Almirall SA (I) 6,666 46,714
Laboratorios Farmaceuticos Rovi SA 91 532
Mediaset Espana Comunicacion SA 27,791 118,157
Melia Hotels International SA 10,504 48,571
Miquel y Costas SA 1,437 36,583
Natraceutical SA (I) 22,388 2,851
NH Hoteles SA (I) 15,839 34,192
Obrascon Huarte Lain SA 6,820 128,876
Papeles y Cartones de Europa SA (I) 5,661 15,061
Pescanova SA 1,459 37,628
Prim SA 1,511 5,647
Promotora de Informaciones SA (I) 20,528 7,384

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Spain (continued)    
Prosegur Cia de Seguridad SA (I) 2,960 $ 143,425
Realia Business SA (I) 2,646 1,703
Sacyr Vallehermoso SA (I) 2,207 3,433
Service Point Solutions SA (I) 39,748 5,331
Sociedad Nacional de Industrias Apicaciones    
Celulosa Espanol SA (I) 11,792 8,300
Tecnicas Reunidas SA 4,362 157,117
Telecomunicaciones y Energia (I) 4,417 8,256
Tubacex SA (I) 16,668 32,059
Tubos Reunidos SA (I) 20,954 39,602
Unipapel SA 290 3,394
Urbas Proyectos Urbanisticos SA (I) 10,449 179
Vidrala SA (I) 2,621 61,639
Viscofan SA 7,252 294,104
Vocento SA (I) 6,333 15,558
Vueling Airlines SA (I) 2,475 13,899
Zeltia SA (I) 28,348 38,949
 
    3,045,235
Sweden - 3.4%    
AarhusKarlshamn AB 4,185 129,604
Acando AB 15,025 28,782
Active Biotech AB (I) 6,544 39,724
AddTech AB 3,413 83,552
AF AB 5,314 99,704
Atrium Ljungberg AB, B Shares 1,690 18,793
Avanza Bank Holding AB 3,567 67,492
Axfood AB 4,116 129,274
Axis Communications AB 6,543 135,497
BE Group AB 7,384 20,652
Beijer Alma AB 3,135 50,804
Beijer Electronics AB 1,655 13,850
Bergman & Beving AB 3,668 31,162
Betsson AB (I) 4,726 142,048
Betsson AB-RED, B Shares (I) 4,726 6,115
Bilia AB 4,374 57,409
Billerud AB 18,984 146,272
BioGaia AB 2,335 51,298
BioInvent International AB (I) 4,564 8,656
Bjoern Borg AB (I) 3,904 20,152
Bure Equity AB 11,904 35,868
Byggmax Group AB 4,949 25,021
Castellum AB 26,525 298,630
CDON Group AB (I) 9,985 59,885
Clas Ohlson AB 6,833 93,998
Cloetta AB (I) 5,464 11,582
Concordia Maritime AB 748 1,150
Connecta AB 1,023 8,169
Diamyd Medical AB (I) 1,643 2,204
Duni AB 1,644 12,011
East Capital Explorer AB 1,176 7,548
Enea AB (I) 2,038 9,623
Eniro AB (I)(L) 14,394 18,743
Fabege AB 24,283 177,051
Fagerhult AB 600 16,282
Fastighets AB Balder - B Shares (I) 14,300 61,568
G & L Beijer AB 4,000 63,369
Gunnebo AB 11,783 43,490
Hakon Invest AB 8,721 121,625
Haldex AB 13,150 61,588
Hexpol AB 3,834 133,243
HIQ International AB (I) 11,419 56,173
Hoganas AB 4,646 148,878
Holmen AB, Series B 9,617 246,733
HQ AB (I) 4,715 683

 

94

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Sweden (continued)    
Hufvudstaden AB, Class A (L) 3,446 $ 34,910
Husqvarna AB, B Shares 37,190 173,521
Husqvarna AB, Series A 1,432 6,640
Industrial & Financial Systems AB 3,313 47,562
Indutrade AB 2,469 62,537
Intrum Justitia AB 10,132 141,803
JM AB (L) 14,111 241,175
KappAhl Holding AB (I) 6,786 4,903
Klovern AB 7,293 23,805
KNOW IT AB 3,046 25,215
Kungsleden AB 25,788 140,702
Lagercrantz AB 4,000 32,039
Lindab International AB 12,536 78,101
Loomis AB 12,647 144,708
Meda AB 7,156 68,663
Medivir AB (I) 2,195 18,220
Mekonomen AB 3,500 97,806
Micronic Laser Systems AB (I) 11,550 22,914
NCC AB, A Shares 839 14,118
NCC AB, B Shares 13,865 233,234
Net Entertainment NE AB (I) 5,356 48,828
Net Insight AB (I) 50,000 10,907
New Wave Group AB 8,378 29,428
Nibe Industrier AB 13,279 183,176
Nobia AB (I) 26,454 86,049
Nolato AB 3,557 32,188
Nordnet AB 16,938 47,919
Northland Resources SA (I) 9,900 9,873
OEM International AB 8,427 78,016
PA Resources AB (I) 78,665 14,280
Peab AB 24,722 112,715
Pricer AB (L) 13,696 18,489
Proact IT Group AB 930 15,598
Proffice AB 10,000 32,508
Raysearch Laboratories AB (I) 1,254 3,627
Readsoft AB 578 1,672
Rezidor Hotel Group AB (I) 13,763 43,607
RNB Retail & Brands AB (I) 17,418 6,152
Saab AB 5,889 91,432
Sandvik AB 1,698 21,312
SAS AB (I)(L) 37,797 30,969
Sectra AB (I) 421 2,460
Securitas AB, Series B 2,240 16,401
Semcon AB (I) 1,983 12,211
Sensys Traffic AB (I) 50,268 1,736
SkiStar AB 4,288 44,558
SSAB AB, Series A 26,275 203,217
SSAB AB, Series B 8,396 56,022
Studsvik AB 1,200 6,506
Sweco AB 5,913 55,719
Swedish Orphan Biovitrum AB (I) 23,793 76,493
Swedol AB 662 2,654
Systemair AB 141 1,498
TradeDoubler AB 7,620 19,363
Trelleborg AB, Series B 38,425 376,877
Vitrolife AB 1,819 12,548
Wallenstam AB 9,941 86,910
Wihlborgs Fastigheter AB 11,188 146,029
 
    6,648,478
Switzerland - 5.3%    
Acino Holding AG (I) 543 61,946
Advanced Digital Broadcast Holdings SA (I) 310 3,119
Affichage Holding AG 68 11,576
AFG Arbonia-Forster Holding AG (I) 1,890 33,126

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Switzerland (continued)    
Allreal Holding AG (I) 1,383 $ 195,273
ALSO-Actebis Holding AG (I) 779 32,665
Aryzta AG (I) 12,491 564,985
Ascom Holding AG (I) 3,992 34,142
Autoneum Holding AG (I) 353 15,447
Bachem Holding AG (I) 525 19,459
Bank Coop AG (I) 2,190 135,050
Bank Sarasin & Compagnie AG (I) 5,747 153,532
Banque Cantonale de Geneve 109 22,065
Banque Privee Edmond de Rothschild SA 1 23,131
Basilea Pharmaceutica (I) 1,099 46,800
Belimo Holding AG 69 123,581
Bell Holding AG 23 42,657
Bellevue Group AG 887 9,086
Berner Kantonalbank 535 137,599
BKW SA 443 14,646
Bobst Group AG (I) 1,425 37,137
Bossard Holding AG 697 86,311
Bucher Industries AG 854 141,672
Burckhardt Compression Holding AG 443 101,038
Burkhalter Holding AG (I) 115 32,559
Centralschweizerische Kraftwerke AG 276 93,701
Charles Voegele Holding AG (I) 1,112 16,445
Cie Financiere Tradition SA (I) 106 6,737
Clariant AG (I) 33,752 345,743
Conzzeta Holding AG 69 133,395
Daetwyler Holding AG 806 58,056
Dufry Group AG (I) 2,828 322,182
EFG International (I) 8,296 58,552
Emmi AG (I) 559 104,161
EMS-Chemie Holding AG 806 144,889
Energiedienst Holding AG (I) 1,013 47,777
Etrion Corp. (I) 2,686 880
Ferrexpo PLC 30,116 92,151
Flughafen Zuerich AG 560 187,210
Forbo Holding AG (I) 152 98,589
Galenica Holding AG (L) 578 346,542
GAM Holding, Ltd. (I) 26,823 282,432
Gategroup Holding AG (I) 4,140 104,072
Georg Fischer AG (I) 591 208,135
Gurit Heberlein AG (I) 77 35,741
Helvetia Patria Holding AG 752 210,152
Highlight Communications AG (I) 3,263 13,924
Huber & Suhner AG 278 10,762
Implenia AG (I) 1,741 53,105
Inficon Holding AG (I) 243 47,481
Informa PLC 91,446 482,632
Interroll Holding AG (I) 71 22,655
Intershop Holdings 129 43,413
Jungfraubahn Holding AG 63 3,828
Kaba Holding AG 353 120,610
Kardex AG (I) 810 13,849
Komax Holding AG (I) 458 37,229
Kudelski SA (I) 4,963 38,178
Kuoni Reisen Holding AG (I) 487 141,751
LEM Holding SA 295 142,752
LifeWatch AG (I) 1,457 11,995
Logitech International SA (I)(L) 26,205 266,805
Lonza Group AG (I) 6,129 218,620
Luzerner Kantonalbank AG 300 98,734
Medisize Holding AG (I) 524 14,125
Metall Zug AG (I) 24 91,434
Meyer Burger Technology AG (I)(L) 5,680 90,085
Micronas Semiconductor Holding AG (I) 4,496 40,911
Mobilezone Holding AG 5,131 48,549

 

95

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Switzerland (continued)    
Mobimo Holding AG (I) 772 $ 173,854
Myriad Group AG (I) 2,864 10,942
Nobel Biocare Holding AG (I) 22,850 241,281
Orascom Development Holding AG (I) 169 2,622
Orell Fuessli Holding AG 223 22,248
Orior AG (I) 516 25,477
Panalpina Welttransport Holding AG (L) 1,831 174,644
Phoenix Mecano AG 109 50,128
Precious Woods Holding AG (I) 327 2,183
PSP Swiss Property AG (I) 67 5,667
PubliGroupe SA 276 40,497
Rieter Holding AG (I) 353 50,518
Romande Energie Holding SA 43 51,698
Schaffner Holding AG (I) 90 20,780
Schmolz + Bickenbach AG (I) 3,596 18,358
Schweiter Technologies AG (I) 156 78,238
Schweizerische National-Versicherungs-    
Gesellschaft AG 1,727 58,691
Siegfried Holding AG (I) 396 42,646
St. Galler Kantonalbank 295 100,509
Straumann Holding AG 760 117,270
Sulzer AG 1,563 187,074
Swiss Life Holding (I) 3,970 319,898
Swisslog Holding AG (I) 60,097 57,016
Swissquote Group Holding SA (I) 1,018 27,832
Tamedia AG (I) 558 58,297
Tecan Group AG (I) 1,824 118,740
Temenos Group AG (I) 9,132 147,298
Tornos SA (I) 2,185 19,437
U-Blox AG (I) 973 40,826
Unaxis Holding AG (I) 20,721 173,551
Valiant Holding AG (I) 1,904 208,958
Valora Holding AG 536 93,061
Vaudoise Assurances Holding SA 211 59,034
Vetropack Holding AG 6 10,502
Von Roll Holding AG (I) 2,046 4,613
Vontobel Holding AG 4,837 99,140
VZ Holding AG 879 84,600
Walliser Kantonalbank 4 3,517
WMH Walter Meier AG 120 26,970
Ypsomed Holding AG (I) 908 49,409
Zehnder Group AG 1,584 102,528
Zueblin Immobilien Holding AG (I) 7,460 24,570
Zuger Kantonalbank 20 103,233
 
    10,337,926
United Arab Emirates - 0.0%    
Lamprell PLC 30,019 46,949
United Kingdom - 19.2%    
4imprint Group PLC 2,442 10,400
A.G.Barr PLC (L) 13,650 74,605
Aberdeen Asset Management PLC 111,289 417,115
AEA Technology Group PLC (I) 18,852 62
Aegis Group PLC 140,521 353,226
Afren PLC (I) 163,477 292,881
African Barrick Gold, Ltd. 1,597 8,142
Aga Rangemaster Group PLC 16,809 19,198
Alphameric PLC (I) 17,049 5,071
Amlin PLC 72,534 355,849
Anglo Pacific Group PLC 13,955 50,496
Anglo-Eastern Plantations PLC 3,005 35,967
Anite PLC 44,842 81,404
Antisoma PLC (I) 100,552 2,751
Ashmore Group PLC 39,301 206,545
Ashtead Group PLC 90,322 322,642

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Assura Group, Ltd. 39,777 $ 17,944
Aveva Group PLC 9,588 246,403
Avon Rubber PLC 714 3,268
AZ Electronic Materials SA 3,751 17,435
Babcock International Group PLC 44,656 585,397
Balfour Beatty PLC 108,498 455,487
Barratt Developments PLC (I) 148,657 276,470
BBA Aviation PLC 71,744 214,934
Bellway PLC 21,765 232,402
Berkeley Group Holdings PLC (I) 19,958 385,560
Betfair Group PLC 9,867 109,228
Bloomsbury Publishing PLC 9,864 17,436
Bodycote PLC 38,333 225,358
Booker Group PLC 196,941 272,269
Bovis Homes Group PLC 27,673 176,673
Braemar Seascope Group PLC 1,189 5,756
Brammer PLC (I) 11,804 52,185
Brewin Dolphin Holdings PLC (I) 48,352 105,037
British Polythene Industries PLC (I) 4,400 22,892
Britvic PLC 40,254 205,848
BTG PLC (I) 44,065 262,976
Bunzl PLC 1,182 18,645
Cable & Wireless Communications PLC 420,071 177,677
Cairn Energy PLC (I) 19,424 85,779
Capital & Counties Properties PLC 5,753 17,215
Capital & Regional PLC (I) 10,673 4,294
Carclo PLC 4,756 26,492
Carillion PLC 68,444 275,937
Carpetright PLC (I) 6,037 59,682
Carr’s Milling Industries PLC 268 3,484
Castings PLC (I) 6,764 29,473
Centaur Media PLC 19,732 10,343
Charles Stanley Group PLC (I) 5,789 22,842
Charles Taylor Consulting PLC 5,241 11,807
Chemring Group PLC 25,908 128,250
Chesnara PLC 17,735 43,940
Chime Communications PLC 5,000 12,635
Cineworld Group PLC 15,103 50,493
Clarkson PLC 1,147 22,915
Clinton Cards PLC (I) 33,476 3,612
Close Brothers Group PLC 23,019 245,704
Cobham PLC 133,412 459,934
Colt Telecom Group SA (I) 49,205 88,472
Communisis PLC 19,820 8,926
Computacenter PLC 16,413 92,509
Concentric AB 13,150 100,770
Consort Medical PLC 7,040 63,603
Cookson Group PLC 44,333 428,684
Corin Group PLC 4,201 2,982
Costain Group PLC 4,761 14,234
Cranswick PLC 8,161 99,768
Creston PLC 10,587 9,090
Croda International PLC 18,931 654,340
CSR PLC 36,205 116,685
D.S. Smith PLC 147,005 324,792
Daily Mail & General Trust PLC 42,386 248,656
Dairy Crest Group PLC 21,687 105,230
Davis Service Group PLC 28,573 208,818
De La Rue PLC 17,199 265,650
Debenhams PLC 199,232 237,985
Dechra Pharmaceuticals PLC 7,913 57,861
Development Securities PLC 19,418 37,160
Devro PLC 30,326 144,026
Dialight PLC 3,938 63,287
Dicom Group PLC (I) 10,375 41,789

 

96

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Dignity PLC 8,727 $ 114,569
Diploma PLC 20,627 141,409
Dixons Retail PLC (I)(L) 681,754 150,517
Domino Printing Sciences PLC (I) 18,799 162,384
Domino’s Pizza UK & IRL PLC 16,228 120,694
Drax Group PLC 58,710 495,774
Dunelm Group PLC 7,009 53,152
E2V Technologies PLC 7,270 15,806
EasyJet PLC 32,001 249,021
Electrocomponents PLC 69,320 217,570
Elementis PLC 66,386 207,201
Enquest PLC (I) 89,696 168,731
Enterprise Inns PLC (I) 62,657 63,073
Euromoney Institutional Investor PLC 4,774 59,023
F&C Asset Management PLC 80,142 88,986
Fenner PLC 32,177 187,237
Fiberweb PLC 1,537 1,398
Fidessa Group PLC 5,943 141,789
Filtrona PLC 32,132 222,746
Findel PLC (I) 37,373 1,960
FirstGroup PLC 75,809 246,627
French Connection Group PLC 23,030 8,170
Fuller Smith & Turner PLC 8,112 89,809
Future PLC 44,714 8,819
Galliford Try PLC 10,310 95,970
Gem Diamonds, Ltd. (I) 12,136 38,362
Genus PLC 8,891 174,489
Go-Ahead Group PLC 5,381 92,028
Greene King PLC 35,161 266,030
Greggs PLC 15,766 122,477
Halfords Group PLC 37,955 141,931
Halma PLC 59,276 358,725
Hardy Oil & Gas PLC (I) 7,986 15,269
Hargreaves Lansdown PLC 27,922 207,643
Hays PLC 220,469 246,914
Headlam Group PLC (I) 14,115 61,604
Helical Bar PLC 15,093 39,564
Helphire PLC (I) 51,338 1,204
Henderson Group PLC 157,191 240,129
Henry Boot PLC 14,125 29,001
Hikma Pharmaceuticals PLC 20,715 206,604
Hill & Smith Holdings PLC (I) 14,323 73,342
Hilton Food Group, Ltd. 1,897 7,804
HMV Group PLC (I) 39,707 2,093
Hochschild Mining PLC 26,736 179,045
Hogg Robinson Group PLC 39,788 38,606
Home Retail Group PLC (L) 134,021 162,299
Homeserve PLC 42,363 90,846
Howden Joinery Group PLC 112,844 204,201
Hunting PLC 19,351 250,411
Huntsworth PLC 22,389 13,834
Hyder Consulting PLC 1,002 5,235
ICAP PLC 31,959 167,851
IG Group Holdings PLC 53,974 361,234
Imagination Technologies Group PLC (I) 42,827 325,682
Inchcape PLC 69,222 335,132
Inmarsat PLC 56,723 376,382
Innovation Group PLC (I) 121,972 38,132
Intermediate Capital Group PLC 51,098 195,648
International Personal Finance PLC 25,827 89,694
Interserve PLC 24,037 110,857
Invensys PLC 107,649 364,157
Investec PLC 5,058 26,054
IP Group PLC (I) 31,873 67,219
ITE Group PLC (I) 42,551 125,325

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
J.D. Wetherspoon PLC 12,871 $ 77,076
James Fisher & Sons PLC (I) 4,903 41,493
Jardine Lloyd Thompson Group PLC 17,476 183,824
Jazztel PLC (I) 30,526 168,477
JD Sports Fashion PLC 2,061 21,678
JKX Oil & Gas PLC (I) 17,585 28,056
John Menzies PLC 7,960 73,155
John Wood Group PLC 43,225 469,244
Johnston Press PLC (I) 131,792 14,376
Jupiter Fund Management PLC 22,904 73,265
Kcom Group PLC 106,757 111,117
Keller Group PLC 6,834 42,072
Kesa Electricals PLC 64,912 49,083
Kier Group PLC (I) 5,859 105,917
Ladbrokes PLC 133,887 351,634
Laird PLC 42,784 124,969
Laura Ashley Holdings PLC 68,094 23,291
Lavendon Group PLC (I) 17,498 27,053
Liontrust Asset Management PLC (I) 5,127 7,657
Logica PLC 166,512 284,905
London Stock Exchange Group PLC 22,726 352,462
Lonmin PLC, ADR (L) 3,424 37,432
Lookers PLC 35,795 31,711
LSL Property Services PLC 7,930 26,249
Management Consulting Group PLC 85,894 38,092
Manganese Bronze Holdings PLC (I) 3,263 1,254
Marshalls PLC 29,028 37,639
Marston’s PLC 90,435 137,476
McBride PLC (I) 24,864 43,695
Mears Group PLC (I) 11,830 47,016
Mecom Group PLC 10,230 22,750
Meggitt PLC 79,020 460,039
Melrose PLC 62,427 410,123
Melrose Resources PLC 4,954 7,180
Michael Page International PLC 49,381 272,551
Micro Focus International PLC 23,347 161,104
Millennium & Copthorne Hotels PLC (I) 26,060 187,854
Misys PLC (I) 48,808 263,054
Mitchells & Butlers PLC (I) 37,343 130,383
Mitie Group PLC 55,517 245,096
Mondi PLC 18,010 141,452
Moneysupermarket.com Group PLC 42,578 76,135
Morgan Crucible Company PLC 43,135 186,489
Morgan Sindall PLC 5,441 55,154
Mothercare PLC 9,403 32,035
Mouchel Parkman PLC (I) 10,894 921
MWB Group Holdings PLC (I) 15,166 907
N. Brown Group PLC 24,375 86,419
National Express Group PLC 65,938 192,016
NCC Group, Ltd. 1,121 13,222
Northgate PLC (I) 6,864 18,521
Novae Group PLC 7,625 41,975
Ocado Group PLC (I)(L) 37,147 57,709
Optos PLC (I) 3,437 10,331
Oxford Biomedica PLC (I) 110,000 4,614
Oxford Instruments PLC 8,791 156,884
Pace PLC 30,754 43,486
PayPoint PLC 8,211 77,759
Pendragon PLC (I) 119,021 26,622
Pennon Group PLC 32,762 370,902
Persimmon PLC 54,373 477,028
Petropavlovsk PLC 24,400 139,153
Phoenix IT Group, Ltd. 9,852 28,088
Photo-Me International PLC (I) 22,753 14,625
Premier Farnell PLC 67,412 165,939

 

97

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Premier Foods PLC (I)(L) 32,753 $ 55,711
Premier Oil PLC (I) 74,389 391,965
Provident Financial PLC 19,013 319,690
Psion PLC 11,459 9,986
Puma Brandenburg, Ltd., A Shares (I) 82,607 7,639
Puma Brandenburg, Ltd., B Shares (I) 82,607 3,183
Punch Taverns PLC (I) 73,594 9,412
PV Crystalox Solar PLC (I) 29,561 3,326
PZ Cussons PLC 25,527 127,178
Qinetiq PLC 104,958 249,513
Quintain Estates & Development PLC (I) 161,428 84,836
R.E.A. Holdings PLC (I) 2,127 15,577
Rathbone Brothers PLC 4,711 90,838
Redrow PLC (I) 43,106 73,251
Renishaw PLC 3,900 86,578
Renold PLC (I) 17,236 8,914
Rentokil Initial PLC 282,202 329,180
Restaurant Group PLC 34,444 149,090
Ricardo PLC 9,643 47,269
Rightmove PLC 14,759 333,808
RM PLC (I) 13,737 15,835
Robert Walters PLC 8,872 27,979
Rotork PLC 13,424 420,190
RPC Group PLC 28,589 170,492
RPS Group PLC 37,575 120,291
Safestore Holdings, Ltd. 7,627 13,417
Salamander Energy PLC (I) 28,086 71,121
Savills PLC 21,857 107,131
SDL PLC 14,816 144,018
Senior PLC 69,550 215,509
Severfield Rowen PLC 8,148 21,993
Shanks Group PLC 57,825 71,930
Shore Capital Group PLC (I) 82,607 21,664
SIG PLC 91,472 119,522
Smiths News PLC 48,831 72,170
Soco International PLC (I) 32,261 140,314
Southern Cross Healthcare, Ltd. (I) 18,768 1,808
Spectris PLC 17,534 436,556
Speedy Hire PLC 24,086 9,623
Spirax-Sarco Engineering PLC 11,854 379,229
Spirent Communications PLC 104,907 258,481
Spirit Pub Company PLC 73,594 57,878
Sportingbet PLC 92,659 42,674
Sports Direct International PLC (I) 28,725 131,255
St James’s Place PLC 28,640 137,895
St. Ives Group PLC 12,932 14,164
St. Modwen Properties PLC (I) 23,454 58,202
Stagecoach Group PLC 70,904 256,808
Sthree PLC 16,792 69,402
Stolt-nielsen, Ltd. 1,376 22,173
Synergy Health PLC 9,470 119,186
TalkTalk Telecom Group PLC 46,582 109,896
Taylor Wimpey PLC 554,501 366,465
Ted Baker PLC (I) 5,384 70,939
Telecity Group PLC (I) 22,003 278,575
Telecom Plus PLC (I) 6,659 76,240
Thomas Cook Group PLC (L) 134,786 38,978
Thorntons PLC (I) 10,805 3,301
Topps Tiles PLC 25,009 14,949
Torotrak PLC (I) 880 466
Travis Perkins PLC 35,627 510,377
Tribal Group PLC 3,270 4,656
Trinity Mirror PLC (I) 37,867 14,952
TT electronics PLC (I) 27,047 67,810
TUI Travel PLC 5,966 15,195

 

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Tullett Prebon PLC 43,000 $ 182,587
UK Coal PLC (I) 20,780 2,815
UK Mail Group PLC (I) 6,109 21,533
Ultra Electronics Holdings PLC 9,278 238,765
Umeco PLC (I) 6,440 54,201
Unite Group PLC 28,545 83,248
UTV Media PLC 12,462 24,129
Vectura Group PLC (I) 58,878 58,137
Victrex PLC 10,789 234,141
Vislink PLC (I) 10,699 5,134
Vitec Group PLC (I) 3,750 37,358
Volex Group PLC 4,646 18,371
VP PLC (I) 664 2,563
W.S. Atkins PLC 17,092 176,698
WH Smith PLC 19,630 145,692
William Hill PLC 118,436 494,051
Wilmington Group PLC (I) 8,311 11,860
Wincanton PLC (I) 11,768 6,849
Wolfson Microelectronics PLC (I) 17,861 51,330
WSP Group PLC 7,138 28,548
Xaar PLC 18,927 61,247
Xchanging PLC (I) 39,217 59,961
Yell Group PLC (I)(L) 201,603 3,914
Yule Catto & Company PLC (I) 45,142 140,919
 
    37,891,866
United States - 0.3%    
Alacer Gold Corp. (I) 24,834 138,254
Argonaut Gold, Inc. (I) 7,654 60,396
Boart Longyear, Ltd. 78,496 243,274
Golden Star Resources, Ltd. (I)(L) 38,298 41,159
International Minerals Corp. (I) 2,500 11,013
Jaguar Mining, Inc. (I)(L) 8,155 9,475
pSivida Corp. (I) 2,379 4,588
Ram Power Corp. (I) 11,984 3,017
Tethys Petroleum, Ltd. (I) 10,200 5,333
Thompson Creek Metals Company, Inc. (I) 20,872 71,941
UR-Energy, Inc. (I) 10,200 9,086
WaterFurance Renewable Energy, Inc. 1,161 18,750
 
    616,286
TOTAL COMMON STOCKS (Cost $233,815,444) $ 194,554,328
 
PREFERRED SECURITIES - 0.0%    
Sweden - 0.0%    
Klovern AB 182 3,496
TOTAL PREFERRED SECURITIES (Cost $3,430) $ 3,496
 
WARRANTS - 0.0%    
Duluth Exploration, Ltd. (Expiration Date:    
01/18/2013, Strike Price: CAD 2.41) (I) 1,133 $ 0
Sinarmas Land, Ltd. (Expiration Date:    
11/18/2015, Strike Price: SGD 0.10) (I) 93,612 12,713
TOTAL WARRANTS (Cost $21,338) $ 12,713
 
RIGHTS - 0.0%    
Almirall SA (Expiration Date: 06/08/2012,    
Strike Price: EUR 0.157) (I) 6,666 1,286
Mirabela Nickel, Ltd. (Expiration Date:    
06/04/2012, Strike Price: AUD 0.03) (I) 31,281 305
Technopolis OYJ (Expiration Date: 06/12/2012,    
Strike Price: EUR 2.7) (I)(L) 9,321 1,153

 

98

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
RIGHTS (continued)      
Tecnotree OYJ (Expiration Date: 06/19/2015,      
Strike Price: EUR 0.12) (I) 20,346  $ 503
TOTAL RIGHTS (Cost $4,840)   $ 3,247
 
SECURITIES LENDING COLLATERAL - 5.4%      
John Hancock Collateral      
Investment Trust, 0.3309% (W)(Y) 1,074,098  $ 10,748,716
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $10,746,546)   $ 10,748,716
 
SHORT-TERM INVESTMENTS - 0.9%      
Money Market Funds - 0.9%      
State Street Institutional Liquid Reserves      
Fund, 0.1963% (Y) 1,754,219   1,754,219
TOTAL SHORT-TERM INVESTMENTS (Cost $1,754,219) $ 1,754,219
Total Investments (International Small Company Fund)    
(Cost $246,345,817) - 105.1%   $ 207,076,719
Other assets and liabilities, net - (5.1%)     (10,121,735)
 
TOTAL NET ASSETS - 100.0%   $ 196,954,984
 
 
 
 
International Value Fund      
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS - 95.1%      
Australia - 0.8%      
Billabong International, Ltd. (L) 1,879,351  $ 3,497,236
Downer EDI, Ltd. (I) 1,841,878   5,892,828
 
      9,390,064
Austria - 0.7%      
Telekom Austria AG (L) 870,012   8,032,762
Belgium - 0.5%      
KBC Groep NV 364,981   5,610,664
Brazil - 1.2%      
Petroleo Brasileiro SA (Preference A      
Shares), ADR (L) 207,890   3,929,121
Vale SA (Preference A Shares), ADR (L) 537,770   9,744,392
 
      13,673,513
Canada - 1.5%      
Suncor Energy, Inc. 342,400   9,292,222
Talisman Energy, Inc. 745,740   7,870,035
 
      17,162,257
China - 1.7%      
China Telecom Corp., Ltd., H Shares 16,407,589   7,556,761
Shanghai Electric Group Company, Ltd.,      
H Shares 13,806,000   6,264,956
Trina Solar, Ltd., ADR (I)(L) 903,940   5,559,231
 
      19,380,948
Denmark - 0.9%      
Danske Bank A/S (I) 649,590   8,653,153
Vestas Wind Systems A/S (I)(L) 353,570   2,164,790
 
      10,817,943
France - 12.8%      
AXA SA (L) 1,572,287   17,840,210
BNP Paribas SA (L) 667,000   21,275,675
Carrefour SA 736,660   12,710,738

 

International Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
France (continued)    
France Telecom SA 1,037,721 $ 13,085,616
GDF Suez 225,180 4,474,761
Ipsen SA (L) 224,632 5,756,168
Sanofi 492,006 33,575,114
Societe Generale SA (I) 584,635 11,776,862
Total SA 403,872 17,474,833
Vivendi SA 577,023 9,328,382
 
    147,298,359
Germany - 6.0%    
Deutsche Lufthansa AG 851,340 8,941,227
E.ON AG 551,960 10,108,747
Kloeckner & Company SE (I)(L) 565,110 5,369,254
Merck KGaA 171,930 15,913,403
Muenchener Rueckversicherungs AG 151,196 18,768,296
Siemens AG 123,049 10,139,300
 
    69,240,227
Hong Kong - 1.8%    
China Mobile, Ltd. 972,000 9,842,662
First Pacific Company, Ltd. 3,016,000 3,108,640
Kingboard Chemical Holdings, Ltd. 3,589,000 7,706,593
 
    20,657,895
India - 1.2%    
Reliance Industries, Ltd. 1,056,491 13,467,629
Ireland - 0.8%    
CRH PLC 542,520 9,188,221
Italy - 1.1%    
UniCredit SpA (I) 4,154,966 12,878,718
Japan - 5.5%    
ITOCHU Corp. 881,000 9,610,533
Mazda Motor Corp. (I) 4,378,000 5,543,869
NKSJ Holdings, Inc. 592,900 10,835,899
Nomura Holdings, Inc. 2,490,700 8,156,750
Toyota Motor Corp. 453,300 17,400,362
Trend Micro, Inc. 430,300 11,745,041
 
    63,292,454
Netherlands - 10.7%    
Aegon NV 3,297,760 14,034,716
Akzo Nobel NV 251,520 11,562,887
ING Groep NV, ADR (I) 6,406,038 37,450,403
Koninklijke Philips Electronics NV 770,526 13,637,542
Randstad Holdings NV 361,600 9,869,635
Reed Elsevier NV 1,067,749 11,109,149
Royal Dutch Shell PLC, B Shares 813,283 26,233,959
 
    123,898,291
Norway - 4.3%    
Statoil ASA 1,060,830 24,047,847
Telenor ASA 1,712,111 25,094,662
 
    49,142,509
Russia - 1.1%    
Gazprom OAO, ADR 1,465,600 12,867,968
Singapore - 2.7%    
Flextronics International, Ltd. (I) 2,698,760 17,326,039
Singapore Telecommunications, Ltd. 5,833,000 14,015,057
 
    31,341,096
South Korea - 6.7%    
KB Financial Group, Inc., ADR 799,378 24,924,606
KIWOOM Securities Company, Ltd. 115,721 7,443,054
Korea Investment Holdings Company, Ltd. 179,770 6,100,113
POSCO 43,305 13,220,530

 

99

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

International Value Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS (continued)      
South Korea (continued)      
Samsung Electronics Company, Ltd., GDR   47,264 $ 24,396,925
Samsung Electronics Company, Ltd., GDR (S) 3,300 1,686,300
 
      77,771,528
Spain - 1.1%      
Telefonica SA   1,116,750 12,409,304
Sweden - 0.6%      
Telefonaktiebolaget LM Ericsson, B Shares (L) 880,794 7,469,453
Switzerland - 10.0%      
Basilea Pharmaceutica (I)   45,060 1,918,841
Credit Suisse Group AG (I)   1,566,068 29,926,714
Lonza Group AG (I)   118,540 4,228,294
Noble Corp. (I)   315,990 9,881,007
Novartis AG   231,380 12,052,835
Roche Holdings AG   153,820 24,120,174
Swiss Re, Ltd. (I)   322,553 18,609,831
UBS AG (I)   1,297,708 14,744,621
 
      115,482,317
Taiwan - 3.8%      
Compal Electronics, Inc., GDR (S)   3,429,928 17,696,714
Siliconware Precision Industries Company   12,265,000 13,341,673
Taiwan Semiconductor      
Manufacturing Company, Ltd.   4,433,576 12,630,814
 
      43,669,201
United Kingdom - 17.6%      
Aviva PLC   4,789,060 19,325,868
BAE Systems PLC   2,584,170 10,912,008
BP PLC   2,298,012 13,968,242
Carillion PLC   1,897,950 7,651,721
G4S PLC   3,544,400 15,088,248
GlaxoSmithKline PLC   1,355,925 30,095,916
Hays PLC   9,665,800 10,825,213
Kingfisher PLC   4,024,750 17,558,249
Lloyds Banking Group PLC (I)   22,133,840 8,734,073
Marks & Spencer Group PLC   1,302,880 6,678,656
Premier Foods PLC (I)   831,360 1,414,108
Rexam PLC   1,950,350 12,122,833
Tesco PLC   5,117,000 23,873,329
Vodafone Group PLC   9,108,126 24,397,430
 
      202,645,894
TOTAL COMMON STOCKS (Cost $1,399,142,217) $ 1,096,789,215
 
RIGHTS - 0.0%      
Spain - 0.0%      
Telefonica SA (Strike Price: EUR 0.235      
Expiration Date: 06/12/2012) (I)(L)   1,116,744 324,501
TOTAL RIGHTS (Cost $404,333)   $ 324,501
 
SECURITIES LENDING COLLATERAL - 4.0%    
John Hancock Collateral      
Investment Trust, 0.3309% (W)(Y)   4,618,559 46,218,844
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $46,211,951)   $ 46,218,844
 
SHORT-TERM INVESTMENTS - 3.7%      
Time Deposits - 3.7%      
Bank of Montreal, 0.120%, 06/01/2012 * $ 15,000,000 $ 15,000,000

 

International Value Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
SHORT-TERM INVESTMENTS (continued)    
Time Deposits (continued)      
Royal Bank of Canada, 0.110%, 06/01/2012 *  $ 27,000,000 $ 27,000,000
 
      42,000,000
TOTAL SHORT-TERM INVESTMENTS (Cost $42,000,000) $ 42,000,000
Total Investments (International Value Fund)    
(Cost $1,487,758,501) - 102.8%   $ 1,185,332,560
Other assets and liabilities, net - (2.8%)     (32,533,885)
 
TOTAL NET ASSETS - 100.0%   $ 1,152,798,675
 
 
 
 
Investment Quality Bond Fund    
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 43.6%      
U.S. Government - 27.7%      
U.S. Treasury Bonds      
1.875%, 09/30/2017 $ 6,000,000 6,351,069
3.125%, 11/15/2041   4,200,000 4,612,125
4.250%, 05/15/2039   1,325,000 1,767,012
4.375%, 11/15/2039 to 05/15/2041   11,603,500 15,807,921
4.500%, 08/15/2039   2,550,000 3,532,148
4.625%, 02/15/2040   2,250,000 3,178,476
6.000%, 02/15/2026   2,075,000 3,082,996
6.250%, 05/15/2030   8,000,000 12,848,752
8.125%, 08/15/2019   250,000 374,160
U.S. Treasury Notes      
0.625%, 02/28/2013 (F)   18,975,000 19,037,257
0.625%, 07/15/2014 (D)   4,200,000 4,229,203
0.875%, 02/28/2017   20,300,000 20,541,063
2.000%, 02/15/2022   2,750,000 2,863,867
2.125%, 08/15/2021   1,675,000 1,771,835
4.000%, 02/15/2015 (D)   22,875,000 25,116,041
4.250%, 11/15/2014   14,000,000 15,338,750
 
      140,452,675
U.S. Government Agency - 15.9%      
Federal Home Loan Mortgage Corp.      
5.000%, 03/01/2019 to 12/01/2019   225,188 242,970
6.500%, 04/01/2029 to 08/01/2034   12,634 14,311
7.500%, 08/01/2025 to 05/01/2028   3,171 3,650
Federal National Mortgage Association      
4.000%, TBA   39,500,000 42,080,077
4.663%, 05/01/2013   77,925 78,560
4.860%, 01/01/2015   2,623,111 2,851,904
4.909%, 02/01/2013   52,786 53,667
5.000%, 03/15/2016 to 06/01/2019   2,498,448 2,829,668
5.500%, TBA   12,700,000 13,847,491
5.500%, 08/01/2035 to 11/01/2035   418,506 458,072
6.500%, 09/01/2031   37 42
Government National      
Mortgage Association      
4.000%, 09/15/2040 to 02/15/2042   16,432,940 17,973,461
6.000%, 12/15/2013 to 04/15/2035   26,078 29,149
6.500%, 06/15/2028 to 08/15/2034   19,379 22,325
7.000%, 11/15/2031 to 11/15/2033   77,530 89,159
8.000%, 07/15/2030   1,116 1,318
 
      80,575,824
TOTAL U.S. GOVERNMENT & AGENCY    
OBLIGATIONS (Cost $213,535,855)   $ 221,028,499

 

100

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 1.3%      
Brazil - 0.7%      
Federative Republic of Brazil      
5.875%, 01/15/2019 $ 1,670,000 $ 1,993,145
10.000%, 01/01/2014 BRL 2,700,000 1,418,454
 
      3,411,599
Mexico - 0.3%      
Government of Mexico      
5.625%, 01/15/2017 $ 780,000 893,100
6.750%, 09/27/2034   560,000 732,200
 
      1,625,300
Qatar - 0.1%      
Government of Qatar      
4.000%, 01/20/2015 (S)   380,000 399,000
Russia - 0.2%      
Government of Russia      
3.250%, 04/04/2017 (S)   1,200,000 1,199,136
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $6,500,247)   $ 6,635,035
 
CORPORATE BONDS - 46.5%      
Consumer Discretionary - 6.5%      
AMC Entertainment, Inc.      
8.750%, 06/01/2019   10,000 10,700
AutoNation, Inc.      
5.500%, 02/01/2020   100,000 100,750
Autozone, Inc.      
3.700%, 04/15/2022   1,072,000 1,107,080
4.000%, 11/15/2020   930,000 998,908
British Sky Broadcasting Group PLC      
5.625%, 10/15/2015 (S)   131,000 146,822
Buffalo Thunder Development Authority      
9.375%, 12/15/2014 (H)(S)   20,000 7,300
Caesars Entertainment Operating      
Company, Inc.      
11.250%, 06/01/2017   5,000 5,313
CBS Corp.      
3.375%, 03/01/2022   251,000 250,062
5.750%, 04/15/2020   1,065,000 1,243,524
8.200%, 05/15/2014   335,000 377,808
CCO Holdings LLC      
6.500%, 04/30/2021   120,000 122,700
6.625%, 01/31/2022   235,000 240,581
7.375%, 06/01/2020   175,000 187,250
7.875%, 04/30/2018   5,000 5,363
8.125%, 04/30/2020   5,000 5,500
Clear Channel Worldwide Holdings, Inc.,      
Series B      
9.250%, 12/15/2017   5,000 5,375
Comcast Corp.      
5.700%, 05/15/2018 to 07/01/2019   1,375,000 1,634,263
COX Communications, Inc.      
5.875%, 12/01/2016 (S)   750,000 866,780
6.250%, 06/01/2018 (S)   500,000 593,230
7.125%, 10/01/2012   458,000 467,313
CSC Holdings, Inc.      
7.625%, 07/15/2018   221,000 238,680
Daimler Finance North America LLC      
8.500%, 01/18/2031   300,000 458,916
DIRECTV Holdings LLC      
3.125%, 02/15/2016   1,225,000 1,275,510
3.500%, 03/01/2016   680,000 717,260
3.800%, 03/15/2022   845,000 847,701
4.750%, 10/01/2014   220,000 237,009

 

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
DISH DBS Corp.      
5.875%, 07/15/2022 (S) $ 175,000 $ 170,625
6.750%, 06/01/2021   355,000 366,538
Ford Motor Company      
7.450%, 07/16/2031   460,000 599,150
Ford Motor Credit Company LLC      
2.750%, 05/15/2015   1,525,000 1,550,612
7.000%, 10/01/2013   21,000 22,419
8.000%, 12/15/2016   150,000 181,337
8.125%, 01/15/2020   250,000 317,699
Home Depot, Inc.      
5.875%, 12/16/2036   1,450,000 1,833,424
HSN, Inc.      
11.250%, 08/01/2016   5,000 5,350
Lamar Media Corp.      
5.875%, 02/01/2022 (S)   40,000 40,250
Liberty Media LLC      
8.250%, 02/01/2030   157,000 159,748
Limited Brands, Inc.      
5.625%, 02/15/2022   215,000 216,613
6.900%, 07/15/2017   65,000 72,313
7.000%, 05/01/2020   80,000 88,400
Macy’s Retail Holdings, Inc.      
5.875%, 01/15/2013   494,000 508,055
5.900%, 12/01/2016   85,000 98,325
6.900%, 04/01/2029   156,000 184,567
Mediacom Broadband LLC      
8.500%, 10/15/2015   27,000 27,743
National CineMedia LLC      
6.000%, 04/15/2022 (S)   35,000 34,913
NBCUniversal Media LLC      
5.150%, 04/30/2020   1,420,000 1,647,429
NetFlix, Inc.      
8.500%, 11/15/2017   30,000 32,250
News America, Inc.      
6.200%, 12/15/2034   400,000 448,314
6.900%, 03/01/2019   600,000 729,922
7.750%, 01/20/2024   453,000 550,573
PVH Corp.      
7.375%, 05/15/2020   95,000 103,788
Quebecor Media, Inc.      
7.750%, 03/15/2016   14,000 14,386
QVC, Inc.      
7.500%, 10/01/2019 (S)   120,000 130,500
Sally Holdings LLC      
5.750%, 06/01/2022   90,000 91,013
Service Corp. International      
7.625%, 10/01/2018   10,000 11,200
Staples, Inc.      
9.750%, 01/15/2014   820,000 923,511
TCI Communications, Inc.      
7.875%, 02/15/2026   150,000 200,037
8.750%, 08/01/2015   183,000 222,734
The Interpublic Group of Companies, Inc.      
10.000%, 07/15/2017   145,000 163,488
Time Warner Cable, Inc.      
4.000%, 09/01/2021   320,000 333,809
5.000%, 02/01/2020   1,180,000 1,323,160
5.850%, 05/01/2017   420,000 488,528
5.875%, 11/15/2040   750,000 828,659
8.250%, 02/14/2014   440,000 491,653
Time Warner Companies, Inc.      
7.250%, 10/15/2017   60,000 74,207
Time Warner, Inc.      
4.875%, 03/15/2020   1,400,000 1,578,762

 

101

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Time Warner, Inc. (continued)      
7.625%, 04/15/2031 $ 500,000 $ 652,691
7.700%, 05/01/2032   602,000 799,241
TRW Automotive, Inc.      
7.250%, 03/15/2017 (S)   100,000 114,500
8.875%, 12/01/2017 (S)   130,000 144,950
Viacom, Inc.      
6.875%, 04/30/2036   1,245,000 1,621,189
Videotron Ltee      
5.000%, 07/15/2022 (S)   140,000 136,500
9.125%, 04/15/2018   120,000 131,100
Virgin Media Secured Finance PLC      
6.500%, 01/15/2018   140,000 152,600
Wynn Las Vegas LLC      
7.750%, 08/15/2020   345,000 374,756
 
      33,145,229
Consumer Staples - 4.4%      
Altria Group, Inc.      
9.250%, 08/06/2019   1,020,000 1,402,223
9.700%, 11/10/2018   860,000 1,183,019
10.200%, 02/06/2039   200,000 324,703
Anheuser-Busch InBev Worldwide, Inc.      
8.200%, 01/15/2039   470,000 771,971
Cargill, Inc.      
4.307%, 05/14/2021 (S)   1,213,000 1,346,560
Coca-Cola Enterprises, Inc.      
2.125%, 09/15/2015   1,300,000 1,332,270
ConAgra Foods, Inc.      
5.819%, 06/15/2017   74,000 85,301
Constellation Brands, Inc.      
7.250%, 09/01/2016 to 05/15/2017   395,000 447,294
CVS Caremark Corp.      
4.750%, 05/18/2020   1,650,000 1,889,337
6.250%, 06/01/2027   325,000 406,841
CVS Pass Through Trust      
6.943%, 01/10/2030   45,136 53,911
CVS Pass-Through Trust      
5.880%, 01/10/2028   302,953 332,506
General Mills, Inc.      
5.200%, 03/17/2015   190,000 210,971
5.250%, 08/15/2013   440,000 463,789
5.650%, 02/15/2019   105,000 127,723
Kraft Foods Group, Inc.      
3.500%, 06/06/2022 (S)   795,000 792,518
Kraft Foods, Inc.      
6.500%, 02/09/2040   340,000 434,377
6.875%, 01/26/2039   560,000 739,062
Lorillard Tobacco Company      
8.125%, 06/23/2019   224,000 279,489
Molson Coors Brewing Company      
3.500%, 05/01/2022   225,000 229,536
PepsiCo, Inc.      
7.900%, 11/01/2018   650,000 871,965
Pernod-Ricard SA      
4.450%, 01/15/2022 (S)   325,000 339,467
5.750%, 04/07/2021 (S)   1,296,000 1,464,418
Revlon Consumer Products Corp.      
9.750%, 11/15/2015   5,000 5,363
Reynolds American, Inc.      
7.250%, 06/01/2013   150,000 159,177
SABMiller Holdings, Inc.      
2.450%, 01/15/2017 (S)   950,000 974,989
3.750%, 01/15/2022 (S)   1,600,000 1,696,768

 

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Staples (continued)      
The Kroger Company      
4.950%, 01/15/2015 $ 700,000 $ 763,902
Tyson Foods, Inc.      
10.500%, 03/01/2014   5,000 5,725
Wal-Mart Stores, Inc.      
5.250%, 09/01/2035   825,000 980,474
6.200%, 04/15/2038   750,000 1,000,053
6.500%, 08/15/2037   750,000 1,030,029
 
      22,145,731
Energy - 3.8%      
Alpha Natural Resources, Inc.      
6.000%, 06/01/2019   16,000 14,320
6.250%, 06/01/2021   10,000 8,900
Anadarko Petroleum Corp.      
6.375%, 09/15/2017   70,000 81,888
6.450%, 09/15/2036   1,220,000 1,429,374
Antero Resources Finance Corp.      
9.375%, 12/01/2017   5,000 5,400
BP Capital Markets PLC      
1.846%, 05/05/2017   2,020,000 2,022,260
4.750%, 03/10/2019   60,000 68,151
Burlington Resources Finance Company      
7.400%, 12/01/2031   309,000 443,516
Chesapeake Energy Corp.      
6.625%, 08/15/2020   20,000 19,200
6.875%, 11/15/2020   85,000 80,538
CNOOC Finance 2012, Ltd.      
3.875%, 05/02/2022 (S)   285,000 289,809
ConocoPhillips      
5.900%, 05/15/2038   425,000 554,039
6.500%, 02/01/2039   1,050,000 1,446,206
CONSOL Energy, Inc.      
8.000%, 04/01/2017   15,000 15,038
8.250%, 04/01/2020   15,000 15,000
Continental Resources, Inc.      
5.000%, 09/15/2022 (S)   215,000 213,388
El Paso Corp.      
6.500%, 09/15/2020   255,000 281,190
7.000%, 06/15/2017   695,000 780,292
El Paso Natural Gas Company      
5.950%, 04/15/2017   25,000 28,177
Energy Transfer Equity LP      
7.500%, 10/15/2020   450,000 486,000
Everest Acquisition LLC      
6.875%, 05/01/2019 (S)   55,000 56,375
Harvest Operations Corp.      
6.875%, 10/01/2017 (S)   205,000 214,738
Hornbeck Offshore Services, Inc.      
5.875%, 04/01/2020 (S)   195,000 191,100
Kinder Morgan Energy Partners LP      
6.500%, 09/01/2039   300,000 345,016
6.850%, 02/15/2020   530,000 642,845
Kinder Morgan Finance Company LLC      
6.000%, 01/15/2018 (S)   365,000 383,250
Newfield Exploration Company      
5.750%, 01/30/2022   70,000 73,675
6.625%, 04/15/2016   10,000 10,225
6.875%, 02/01/2020   135,000 143,100
7.125%, 05/15/2018   200,000 212,000
Nexen, Inc.      
6.200%, 07/30/2019   585,000 691,457
7.500%, 07/30/2039   40,000 49,002
Peabody Energy Corp.      
6.500%, 09/15/2020   496,000 499,720

 

102

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Peabody Energy Corp. (continued)      
7.375%, 11/01/2016 $ 105,000 $ 116,288
Petrobras International Finance Company      
3.875%, 01/27/2016   720,000 745,052
5.375%, 01/27/2021   1,600,000 1,708,701
6.750%, 01/27/2041   610,000 704,917
Pioneer Natural Resources Company      
5.875%, 07/15/2016   135,000 150,388
6.650%, 03/15/2017   10,000 11,487
6.875%, 05/01/2018   200,000 235,489
Plains All American Pipeline LP      
5.750%, 01/15/2020   220,000 257,622
Pride International, Inc.      
6.875%, 08/15/2020   10,000 12,290
Range Resources Corp.      
5.750%, 06/01/2021   70,000 72,100
6.750%, 08/01/2020   155,000 167,400
7.500%, 10/01/2017   35,000 36,575
San Diego Gas & Electric Company      
4.500%, 08/15/2040   811,000 932,177
Statoil ASA      
3.125%, 08/17/2017   750,000 807,150
Transocean, Inc.      
4.950%, 11/15/2015   1,000,000 1,079,744
Valero Energy Corp.      
8.750%, 06/15/2030   162,000 204,259
 
      19,036,828
Financials - 18.0%      
ACE INA Holdings, Inc.      
5.700%, 02/15/2017   100,000 117,913
AIG Retirement Services, Inc.      
8.125%, 04/28/2023   135,000 163,129
AIG SunAmerica Global Financing X      
6.900%, 03/15/2032 (S)   100,000 122,575
Allied World Assurance Company, Ltd.      
7.500%, 08/01/2016   104,000 120,074
AMB Property LP      
6.125%, 12/01/2016   85,000 95,500
7.500%, 06/30/2018   106,000 125,487
American Express Centurion Bank      
6.000%, 09/13/2017   875,000 1,030,942
American Express Company      
7.000%, 03/19/2018   550,000 677,189
American Express Credit Corp.      
5.125%, 08/25/2014   360,000 388,113
7.300%, 08/20/2013   500,000 536,303
American International Group, Inc.      
3.800%, 03/22/2017   800,000 812,180
4.875%, 09/15/2016   700,000 738,409
5.450%, 05/18/2017   430,000 462,512
AXA Equitable Life Insurance Company      
7.700%, 12/01/2015 (S)   250,000 282,903
AXA Financial, Inc.      
7.000%, 04/01/2028   235,000 263,735
Bank of America Corp.      
3.875%, 03/22/2017   490,000 488,555
5.625%, 07/01/2020   1,460,000 1,513,071
5.650%, 05/01/2018   625,000 651,290
5.700%, 01/24/2022   980,000 1,041,902
5.750%, 12/01/2017   500,000 520,430
Barclays Bank PLC      
6.050%, 12/04/2017 (S)   1,195,000 1,199,310
Brandywine Operating Partnership LP      
4.950%, 04/15/2018   425,000 435,570

 

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Brandywine Operating      
Partnership LP (continued)      
5.700%, 05/01/2017 $ 835,000 $ 891,418
Capital One Financial Corp.      
6.150%, 09/01/2016   200,000 224,028
6.750%, 09/15/2017   675,000 806,690
7.375%, 05/23/2014   115,000 126,542
CIT Group, Inc.      
5.000%, 05/15/2017   15,000 14,738
5.250%, 03/15/2018   165,000 162,525
5.375%, 05/15/2020   20,000 19,200
7.000%, 05/02/2016 to 05/02/2017 (S)   13,421 13,405
Citigroup, Inc.      
4.450%, 01/10/2017   860,000 887,305
4.875%, 05/07/2015   286,000 293,082
5.000%, 09/15/2014   420,000 429,436
6.125%, 11/21/2017 to 08/25/2036   3,575,000 3,778,048
6.875%, 03/05/2038   275,000 323,445
8.500%, 05/22/2019   1,055,000 1,292,837
Credit Acceptance Corp.      
9.125%, 02/01/2017   150,000 161,250
Discover Financial Services      
6.450%, 06/12/2017   950,000 1,081,630
Duke Realty LP      
6.750%, 03/15/2020   430,000 510,870
DuPont Fabros Technology LP      
8.500%, 12/15/2017   235,000 256,150
Equity One, Inc.      
6.000%, 09/15/2017   235,000 256,539
ERP Operating LP      
5.250%, 09/15/2014   975,000 1,048,215
Everest Reinsurance Holdings, Inc.,      
(6.600% to 05/15/2017, then 3 month      
LIBOR + 2.385%)      
05/15/2037   495,000 465,300
Farmers Exchange Capital      
7.050%, 07/15/2028 (S)   350,000 407,598
Federal Realty Investment Trust      
5.650%, 06/01/2016   55,000 60,895
General Electric Capital Corp.      
4.650%, 10/17/2021   1,255,000 1,379,893
5.300%, 02/11/2021   1,300,000 1,448,092
5.500%, 01/08/2020   900,000 1,030,678
5.625%, 09/15/2017   1,000,000 1,142,832
6.750%, 03/15/2032   934,000 1,151,577
Hartford Financial Services Group, Inc.      
5.125%, 04/15/2022   216,000 220,254
Hartford Financial Services Group, Inc.,      
(8.125% to 06/15/2018, then 3 month      
LIBOR + 4.6025%)      
8.125%, 06/15/2038   485,000 499,550
HCP, Inc.      
3.750%, 02/01/2016 to 02/01/2019   415,000 426,622
5.650%, 12/15/2013   200,000 210,941
6.000%, 01/30/2017   480,000 539,814
7.072%, 06/08/2015   67,000 75,001
Health Care Property, Inc.      
6.000%, 03/01/2015   175,000 189,185
Health Care REIT, Inc.      
5.250%, 01/15/2022   885,000 952,745
Host Hotels & Resorts LP      
6.375%, 03/15/2015   170,000 172,125
6.750%, 06/01/2016   155,000 158,875
HSBC Bank PLC      
4.750%, 01/19/2021 (S)   700,000 762,439

 

103

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
HSBC Holdings PLC      
5.100%, 04/05/2021 $ 1,110,000 $ 1,228,776
6.800%, 06/01/2038   445,000 505,860
HSBC USA, Inc.      
2.375%, 02/13/2015   520,000 521,706
9.500%, 04/15/2014   135,000 150,249
International Lease Finance Corp.      
5.650%, 06/01/2014   140,000 141,750
5.750%, 05/15/2016   435,000 435,455
5.875%, 05/01/2013   250,000 253,750
6.250%, 05/15/2019   20,000 20,000
6.375%, 03/25/2013   123,000 125,460
6.500%, 09/01/2014 (S)   5,000 5,238
6.750%, 09/01/2016 (S)   115,000 123,338
7.125%, 09/01/2018 (S)   995,000 1,094,500
8.625%, 09/15/2015   10,000 10,900
Jackson National Life Insurance Company      
8.150%, 03/15/2027 (S)   377,000 466,345
JPMorgan Chase & Company      
4.250%, 10/15/2020   1,750,000 1,816,057
4.350%, 08/15/2021   675,000 705,150
4.400%, 07/22/2020   1,100,000 1,153,599
5.150%, 10/01/2015   200,000 212,853
6.000%, 01/15/2018   2,375,000 2,667,037
Kemper Corp.      
6.000%, 05/15/2017   70,000 74,409
Kimco Realty Corp.      
4.300%, 02/01/2018   600,000 635,086
5.584%, 11/23/2015   425,000 460,491
6.875%, 10/01/2019   300,000 357,405
Lazard Group LLC      
6.850%, 06/15/2017   650,000 714,605
Liberty Property LP      
6.625%, 10/01/2017   100,000 116,039
Lloyds TSB Bank PLC      
4.200%, 03/28/2017   205,000 204,795
4.375%, 01/12/2015 (S)   300,000 303,891
4.875%, 01/21/2016   310,000 317,462
Massachusetts Mutual Life Insurance      
Company      
8.875%, 06/01/2039 (S)   630,000 927,548
Merrill Lynch & Company, Inc.      
6.400%, 08/28/2017   1,990,000 2,115,521
6.875%, 04/25/2018   1,825,000 2,006,153
7.750%, 05/14/2038   135,000 153,836
MetLife, Inc.      
5.375%, 12/15/2012   650,000 665,972
Metropolitan Life Global Funding I      
3.125%, 01/11/2016 (S)   1,825,000 1,924,461
5.125%, 04/10/2013 (S)   335,000 346,982
Morgan Stanley      
4.750%, 03/22/2017   890,000 856,244
5.500%, 07/24/2020   400,000 374,996
5.550%, 04/27/2017   225,000 220,168
5.625%, 09/23/2019   300,000 286,408
6.000%, 04/28/2015   350,000 356,028
6.250%, 08/28/2017   850,000 854,331
6.625%, 04/01/2018   1,975,000 2,005,458
Nationwide Mutual Insurance Company      
8.250%, 12/01/2031 (S)   260,000 305,166
9.375%, 08/15/2039 (S)   900,000 1,185,753
NBD Bancorp NA      
8.250%, 11/01/2024   270,000 336,944
Nordea Bank AB      
2.250%, 03/20/2015 (S)   425,000 425,749

 

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Nordea Bank AB (continued)      
4.875%, 05/13/2021 (S) $ 755,000 $ 736,556
PNC Funding Corp.      
5.625%, 02/01/2017   1,200,000 1,343,508
Principal Life Global Funding I      
5.125%, 10/15/2013 (S)   225,000 235,426
6.125%, 10/15/2033 (S)   108,000 127,835
ProLogis LP      
4.500%, 08/15/2017   920,000 967,238
Provident Funding Associates LP      
10.250%, 04/15/2017 (S)   85,000 87,975
Realty Income Corp.      
5.750%, 01/15/2021   600,000 665,898
6.750%, 08/15/2019   450,000 530,366
SLM Corp.      
6.000%, 01/25/2017   105,000 103,237
6.250%, 01/25/2016   1,210,000 1,225,125
7.250%, 01/25/2022   65,000 63,621
8.000%, 03/25/2020   11,000 11,259
8.450%, 06/15/2018   209,000 220,495
Sovereign Bank      
8.750%, 05/30/2018   250,000 281,980
Sun Canada Financial Company      
7.250%, 12/15/2015 (S)   229,000 257,320
SunTrust Banks, Inc.      
3.600%, 04/15/2016   820,000 852,003
The Bank of New York Mellon Corp.      
2.500%, 01/15/2016   2,170,000 2,252,041
The Bear Stearns Companies LLC      
6.400%, 10/02/2017   605,000 690,727
The Goldman Sachs Group, Inc.      
5.250%, 07/27/2021   1,070,000 1,059,220
5.375%, 03/15/2020   290,000 295,230
5.750%, 01/24/2022   1,000,000 1,026,708
6.150%, 04/01/2018   1,755,000 1,833,022
6.750%, 10/01/2037   1,405,000 1,385,209
7.500%, 02/15/2019   425,000 482,964
The Royal Bank of Scotland PLC      
3.950%, 09/21/2015   340,000 339,109
4.875%, 08/25/2014 (S)   425,000 435,135
UDR, Inc.      
6.050%, 06/01/2013   200,000 207,477
US Bancorp      
7.500%, 06/01/2026   750,000 957,257
Ventas Realty LP      
4.750%, 06/01/2021   661,000 691,327
Wachovia Corp.      
5.500%, 08/01/2035   600,000 636,829
5.750%, 06/15/2017   385,000 446,690
WCI Finance LLC      
5.400%, 10/01/2012 (S)   250,000 253,344
WEA Finance LLC      
7.500%, 06/02/2014 (S)   130,000 142,563
Wells Fargo & Company      
1.250%, 02/13/2015   745,000 741,706
2.625%, 12/15/2016   450,000 458,939
3.500%, 03/08/2022   420,000 426,594
4.950%, 10/16/2013   1,820,000 1,906,801
5.625%, 12/11/2017   900,000 1,044,491
Wells Fargo & Company, Series K (7.980%      
to 03/15/2018, then 3 month      
LIBOR + 3.770%)      
7.980%, 03/15/2018 (Q)   20,000 21,750

 

104

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Weyerhaeuser Company      
7.950%, 03/15/2025 $ 40,000 $ 45,425
 
      91,319,185
Health Care - 3.2%      
Alere, Inc.      
9.000%, 05/15/2016   10,000 10,000
AmerisourceBergen Corp.      
5.875%, 09/15/2015   1,070,000 1,221,077
Amgen, Inc.      
3.450%, 10/01/2020   1,225,000 1,257,107
3.875%, 11/15/2021   1,045,000 1,095,132
6.400%, 02/01/2039   245,000 293,671
Biomet, Inc.      
10.000%, 10/15/2017   5,000 5,319
BioScrip, Inc.      
10.250%, 10/01/2015   5,000 5,413
Cigna Corp.      
4.000%, 02/15/2022   1,185,000 1,232,290
Community Health Systems, Inc.      
8.875%, 07/15/2015   3,000 3,077
Express Scripts Holding Company      
2.100%, 02/12/2015 (S)   1,875,000 1,897,159
Express Scripts, Inc.      
3.125%, 05/15/2016   501,000 522,039
Fresenius Medical Care US Finance II, Inc.      
5.625%, 07/31/2019 (S)   15,000 14,888
5.875%, 01/31/2022 (S)   15,000 14,925
6.500%, 09/15/2018 (S)   10,000 10,425
Fresenius US Finance II, Inc.      
9.000%, 07/15/2015 (S)   75,000 85,688
HCA, Inc.      
5.875%, 03/15/2022   140,000 138,950
6.375%, 01/15/2015   5,000 5,300
6.500%, 02/15/2020   255,000 269,344
7.250%, 09/15/2020   110,000 119,900
8.500%, 04/15/2019   280,000 309,050
McKesson Corp.      
7.500%, 02/15/2019   30,000 38,870
Medco Health Solutions, Inc.      
7.125%, 03/15/2018   190,000 235,699
Merck & Company, Inc.      
4.000%, 06/30/2015   425,000 466,724
6.500%, 12/01/2033   1,000,000 1,433,808
Pfizer, Inc.      
6.200%, 03/15/2019   750,000 947,078
7.200%, 03/15/2039   550,000 839,179
Roche Holdings, Inc.      
6.000%, 03/01/2019 (S)   475,000 597,623
Tenet Healthcare Corp.      
6.250%, 11/01/2018 (S)   340,000 343,400
8.875%, 07/01/2019   255,000 283,688
UnitedHealth Group, Inc.      
2.875%, 03/15/2022   1,265,000 1,272,873
WellPoint, Inc.      
4.350%, 08/15/2020   520,000 576,625
7.000%, 02/15/2019   720,000 908,410
 
      16,454,731
Industrials - 1.5%      
BE Aerospace, Inc.      
5.250%, 04/01/2022   105,000 106,050
6.875%, 10/01/2020   30,000 32,925
Bombardier, Inc.      
7.500%, 03/15/2018 (S)   220,000 239,800

 

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Bombardier, Inc. (continued)      
7.750%, 03/15/2020 (S) $ 60,000 $ 65,850
Case New Holland, Inc.      
7.875%, 12/01/2017   570,000 649,800
CNH America LLC      
7.250%, 01/15/2016   30,000 32,775
Continental Airlines 1997-4 Class A Pass      
Through Trust      
6.900%, 01/02/2018   83,457 89,199
Continental Airlines 1998-1 Class A Pass      
Through Trust      
6.648%, 09/15/2017   148,711 157,827
Continental Airlines 2007-1 Class A Pass      
Through Trust      
5.983%, 04/19/2022   27,360 29,686
Crown Americas LLC      
7.625%, 05/15/2017   195,000 210,600
Deluxe Corp.      
7.375%, 06/01/2015   100,000 101,250
ERAC USA Finance LLC      
5.250%, 10/01/2020 (S)   1,130,000 1,265,584
5.600%, 05/01/2015 (S)   500,000 547,910
Esterline Technologies Corp.      
7.000%, 08/01/2020   35,000 38,763
Goodrich Corp.      
7.100%, 11/15/2027   115,000 152,192
Huntington Ingalls Industries, Inc.      
6.875%, 03/15/2018   15,000 15,525
7.125%, 03/15/2021   225,000 233,438
Hutchison Whampoa International 11, Ltd.      
3.500%, 01/13/2017 (S)   1,336,000 1,369,602
Marquette Transportation Company      
10.875%, 01/15/2017   5,000 5,225
Masco Corp.      
6.125%, 10/03/2016   130,000 138,941
6.500%, 08/15/2032   45,000 44,859
7.125%, 03/15/2020   105,000 115,668
7.750%, 08/01/2029   150,000 158,077
Meritor, Inc.      
8.125%, 09/15/2015   10,000 10,638
10.625%, 03/15/2018   5,000 5,413
Navistar International Corp.      
8.250%, 11/01/2021   72,000 75,600
Southwest Airlines Company 2007-1 Pass      
Through Trust      
6.150%, 08/01/2022   256,237 290,188
Textron, Inc.      
7.250%, 10/01/2019   200,000 236,985
U.S. Airways 2010-1 Class A Pass      
Through Trust      
6.250%, 04/22/2023   74,835 78,390
United Technologies Corp.      
3.100%, 06/01/2022   615,000 638,747
UR Financing Escrow Corp.      
5.750%, 07/15/2018 (S)   25,000 25,438
Waste Management, Inc.      
6.375%, 03/11/2015   340,000 386,553
 
      7,549,498
Information Technology - 1.0%      
Anixter, Inc.      
5.625%, 05/01/2019   35,000 35,569
Audatex North America, Inc.      
6.750%, 06/15/2018 (S)   50,000 51,500

 

105

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Information Technology (continued)      
Equinix, Inc.      
7.000%, 07/15/2021 $ 10,000 $ 10,675
8.125%, 03/01/2018   30,000 32,775
Fidelity National Information Services, Inc.      
5.000%, 03/15/2022 (S)   165,000 160,256
7.625%, 07/15/2017 (S)   20,000 21,675
Freescale Semiconductor, Inc.      
8.875%, 12/15/2014   5,000 5,125
Hewlett-Packard Company      
3.000%, 09/15/2016   2,050,000 2,096,990
3.300%, 12/09/2016   1,200,000 1,239,053
Hughes Satellite Systems Corp.      
6.500%, 06/15/2019   101,000 102,515
International Business Machines Corp.      
1.950%, 07/22/2016   775,000 804,332
Jabil Circuit, Inc.      
5.625%, 12/15/2020   35,000 36,663
Mantech International Corp.      
7.250%, 04/15/2018   30,000 31,650
Seagate HDD Cayman      
6.875%, 05/01/2020   350,000 364,875
7.000%, 11/01/2021   185,000 194,250
 
      5,187,903
Materials - 1.3%      
Agrium, Inc.      
7.125%, 05/23/2036   580,000 762,292
ArcelorMittal      
3.750%, 08/05/2015   500,000 500,982
6.125%, 06/01/2018   400,000 403,240
Ball Corp.      
5.000%, 03/15/2022   85,000 85,850
6.750%, 09/15/2020   170,000 184,450
7.125%, 09/01/2016   40,000 43,400
Celanese US Holdings LLC      
6.625%, 10/15/2018   21,000 22,208
CF Industries, Inc.      
6.875%, 05/01/2018   40,000 47,600
7.125%, 05/01/2020   40,000 48,400
Clearwater Paper Corp.      
7.125%, 11/01/2018   30,000 31,575
Corp Nacional del Cobre de Chile      
6.375%, 11/30/2012 (S)   165,000 168,786
Crown Americas LLC      
6.250%, 02/01/2021   95,000 102,838
Cytec Industries, Inc.      
4.600%, 07/01/2013   63,000 64,819
Fibria Overseas Finance, Ltd.      
7.500%, 05/04/2020 (S)   370,000 371,850
FMG Resources August 2006 Pty, Ltd.      
6.000%, 04/01/2017 (S)   440,000 421,300
Georgia-Pacific LLC      
5.400%, 11/01/2020 (S)   30,000 34,472
MeadWestvaco Corp.      
7.375%, 09/01/2019   125,000 149,627
Neenah Paper, Inc.      
7.375%, 11/15/2014   7,000 7,096
Owens-Brockway Glass Container, Inc.      
7.375%, 05/15/2016   295,000 325,975
Rio Tinto Finance USA, Ltd.      
6.500%, 07/15/2018   425,000 524,790
Silgan Holdings, Inc.      
5.000%, 04/01/2020 (S)   365,000 364,088
The Dow Chemical Company      
4.250%, 11/15/2020   725,000 771,537

 

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Materials (continued)      
The Dow Chemical Company (continued)      
5.900%, 02/15/2015 $ 950,000 $ 1,064,029
Vale Canada, Ltd.      
5.700%, 10/15/2015   233,000 254,930
 
      6,756,134
Telecommunication Services - 2.5%      
Ameritech Capital Funding Corp.      
6.450%, 01/15/2018   148,000 170,860
AT&T Mobility LLC      
7.125%, 12/15/2031   67,000 90,254
AT&T, Inc.      
3.875%, 08/15/2021   845,000 923,897
5.500%, 02/01/2018   501,000 592,489
5.625%, 06/15/2016   360,000 418,719
6.300%, 01/15/2038   1,355,000 1,681,220
CenturyLink, Inc.      
5.800%, 03/15/2022   675,000 666,517
Cricket Communications, Inc.      
7.750%, 05/15/2016   455,000 480,025
Deutsche Telekom International      
Finance BV      
8.750%, 06/15/2030   475,000 657,103
eAccess, Ltd.      
8.250%, 04/01/2018 (S)   30,000 27,375
Frontier Communications Corp.      
8.125%, 10/01/2018   115,000 117,013
8.250%, 04/15/2017   20,000 20,650
GTE Corp.      
8.750%, 11/01/2021   285,000 406,564
Intelsat Jackson Holdings SA      
8.500%, 11/01/2019   5,000 5,463
Qwest Communications International, Inc.      
7.125%, 04/01/2018   105,000 110,933
8.000%, 10/01/2015   100,000 105,632
SBA Telecommunications, Inc.      
8.250%, 08/15/2019   62,000 67,270
Sorenson Communications, Inc.      
10.500%, 02/01/2015 (S)   10,000 8,200
Sprint Nextel Corp.      
7.000%, 03/01/2020 (S)   85,000 85,638
9.000%, 11/15/2018 (S)   100,000 108,250
Telecom Italia Capital SA      
5.250%, 11/15/2013   325,000 323,375
6.000%, 09/30/2034   146,000 112,420
Telefonica Emisiones SAU      
5.134%, 04/27/2020   350,000 309,511
7.045%, 06/20/2036   475,000 422,415
UPCB Finance VI, Ltd.      
6.875%, 01/15/2022 (S)   335,000 329,138
Verizon Communications, Inc.      
5.550%, 02/15/2016   1,270,000 1,464,450
6.400%, 02/15/2038   415,000 534,566
6.900%, 04/15/2038   300,000 409,529
Verizon Wireless Capital LLC      
5.550%, 02/01/2014   595,000 638,862
Vivendi SA      
2.400%, 04/10/2015 (S)   935,000 926,892
Windstream Corp.      
7.875%, 11/01/2017   400,000 426,000
8.125%, 09/01/2018   120,000 124,500
 
      12,765,730

 

106

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Utilities - 4.3%      
AmeriGas Finance LLC      
6.750%, 05/20/2020 $ 180,000 $ 177,300
7.000%, 05/20/2022   30,000 29,400
AmeriGas Partners LP      
6.500%, 05/20/2021   82,000 79,335
Appalachian Power Company      
5.000%, 06/01/2017   1,200,000 1,363,278
Baltimore Gas & Electric Company      
5.900%, 10/01/2016   700,000 823,213
Calpine Corp.      
7.500%, 02/15/2021   240,000 250,800
Carolina Power & Light Company      
3.000%, 09/15/2021   985,000 1,032,199
6.500%, 07/15/2012   671,000 675,434
CenterPoint Energy Resources Corp.      
6.125%, 11/01/2017   125,000 146,656
CenterPoint Energy Resources Corp.,      
Series B      
5.950%, 01/15/2014   600,000 640,185
CenterPoint Energy, Inc.      
6.500%, 05/01/2018   560,000 671,638
Centrais Eletricas Brasileiras SA      
5.750%, 10/27/2021 (S)   1,630,000 1,731,875
Commonwealth Edison Company      
4.000%, 08/01/2020   1,000,000 1,120,208
5.950%, 08/15/2016   125,000 148,301
Dominion Resources, Inc.      
2.250%, 09/01/2015   345,000 358,170
6.400%, 06/15/2018   1,295,000 1,583,106
7.000%, 06/15/2038   215,000 304,225
DPL, Inc.      
7.250%, 10/15/2021 (S)   310,000 337,125
Duke Energy Corp.      
5.650%, 06/15/2013   600,000 629,623
Duke Energy Indiana, Inc.      
6.350%, 08/15/2038   600,000 834,027
Edison International      
3.750%, 09/15/2017   475,000 502,677
Ferrellgas LP      
6.500%, 05/01/2021   228,000 204,060
Georgia Power Company      
5.250%, 12/15/2015   600,000 683,732
Idaho Power Company      
4.850%, 08/15/2040   1,000,000 1,125,157
Intergen NV      
9.000%, 06/30/2017 (S)   285,000 286,425
Ipalco Enterprises, Inc.      
7.250%, 04/01/2016 (S)   110,000 119,350
Midamerican Energy Holdings Company      
6.125%, 04/01/2036   250,000 317,707
Nevada Power Company      
6.500%, 08/01/2018   225,000 278,768
NiSource Finance Corp.      
6.400%, 03/15/2018   200,000 235,676
Northern States Power Company      
6.500%, 03/01/2028   67,000 91,190
NRG Energy, Inc.      
7.375%, 01/15/2017   35,000 36,138
Ohio Edison Company      
6.875%, 07/15/2036   230,000 305,862
Oncor Electric Delivery Company LLC      
7.500%, 09/01/2038   205,000 265,104
PacifiCorp      
6.350%, 07/15/2038   110,000 151,709

 

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Progress Energy Inc.      
7.000%, 10/30/2031 $ 341,000 $ 458,745
PSEG Power LLC      
8.625%, 04/15/2031   154,000 229,121
Puget Sound Energy, Inc.      
5.757%, 10/01/2039   365,000 474,823
7.000%, 03/09/2029   54,000 69,343
Sempra Energy      
6.000%, 10/15/2039   600,000 763,453
Sierra Pacific Power Company      
6.000%, 05/15/2016   225,000 263,052
Southern California Edison Company      
4.500%, 09/01/2040   500,000 560,544
6.000%, 01/15/2034   261,000 342,947
The AES Corp.      
8.000%, 06/01/2020   265,000 298,125
Union Electric Company      
6.700%, 02/01/2019   110,000 138,776
Wisconsin Energy Corp.      
6.200%, 04/01/2033   138,000 173,888
Xcel Energy, Inc.      
4.700%, 05/15/2020   215,000 249,727
 
      21,562,197
TOTAL CORPORATE BONDS (Cost $222,641,579) $ 235,923,166
 
CAPITAL PREFERRED SECURITIES - 0.2%    
Financials - 0.2%      
ACE Capital Trust II 9.700%, 04/01/2030   248,000 344,263
BankAmerica Capital II      
8.000%, 12/15/2026   36,000 36,090
Capital One Capital IV (6.745% to      
02/17/2032, then 1 month      
LIBOR + 1.170%) 6.745%, 02/17/2037   125,000 124,844
MBNA Capital A, Series A      
8.278%, 12/01/2026   80,000 80,600
NB Capital Trust IV 8.250%, 04/15/2027   255,000 255,561
 
      841,358
TOTAL CAPITAL PREFERRED SECURITIES (Cost $820,947)     $ 841,358
 
CONVERTIBLE BONDS - 0.0%      
Telecommunication Services - 0.0%      
Leap Wireless International, Inc.      
4.500%, 07/15/2014   10,000 9,438
TOTAL CONVERTIBLE BONDS (Cost $9,040) $ 9,438
 
MUNICIPAL BONDS - 3.1%      
Bay Area Toll Authority (California)      
6.263%, 04/01/2049   1,325,000 1,847,315
City of Chicago (Illinois)      
6.845%, 01/01/2038   500,000 575,645
Illinois State Toll Highway Authority      
6.184%, 01/01/2034   415,000 533,868
Irvine Ranch Water District Joint Powers      
Agency (California) 2.605%, 03/15/2014   455,000 470,884
Los Angeles Unified School District      
(California) 5.750%, 07/01/2034   825,000 1,015,245
Maryland State Transportation Authority      
5.888%, 07/01/2043   125,000 172,939
Massachusetts School Building Authority      
5.715%, 08/15/2039   400,000 536,628
New Jersey State Turnpike Authority      
7.414%, 01/01/2040   730,000 1,073,304

 

107

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
MUNICIPAL BONDS (continued)      
New York State Thruway Authority      
5.883%, 04/01/2030 $ 590,000 $ 772,534
North Texas Tollway Authority (Texas)      
6.718%, 01/01/2049   535,000 746,897
Ohio State University 4.800%, 06/01/2111   236,000 266,066
Port Authority of New York & New Jersey      
(New York) 6.040%, 12/01/2029   180,000 236,104
Salt River Project Agricultural      
Improvement & Power District (Arizona)      
4.839%, 01/01/2041   740,000 918,074
State of California      
7.300%, 10/01/2039   1,050,000 1,327,883
7.600%, 11/01/2040   110,000 144,361
7.550%, 04/01/2039   920,000 1,193,783
State of Illinois      
5.665%, 03/01/2018   1,345,000 1,503,939
5.877%, 03/01/2019   910,000 1,016,779
University of California      
5.770%, 05/15/2043   715,000 891,054
University of Missouri 5.960%, 11/01/2039   400,000 547,192
TOTAL MUNICIPAL BONDS (Cost $12,917,379) $ 15,790,494
 
TERM LOANS (M) - 0.0%      
Cable & Satellite - 0.0%      
Kabel Deutschland GmbH      
4.580%, 02/01/2019   110,000 109,313
TOTAL TERM LOANS (Cost $108,418)   $ 109,313
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 3.3%      
Commercial & Residential - 3.3%      
American Tower Trust, Series 2007-1A,      
Class AFX 5.420%, 04/15/2037 (S)   530,000 563,870
Banc of America Merrill Lynch      
Commercial Mortgage, Inc.,      
Series 2007-4, Class A4      
5.726%, 02/10/2051 (P)   1,330,000 1,510,420
Bear Stearns Commercial      
Mortgage Securities      
Series 2006-PW 14, Class A4,      
5.201%, 12/11/2038   1,275,000 1,422,978
Series 2007-T26, Class A4,      
5.471%, 01/12/2045 (P)   431,004 491,467
Commercial Mortgage Pass Through      
Certificates, Series 2010-C1, Class A3      
4.205%, 07/10/2046 (S)   810,000 879,267
Credit Suisse Mortgage Capital      
Certificates, Series 2006-C1, Class A4      
5.430%, 02/15/2039 (P)   1,000,000 1,117,309
DBUBS Mortgage Trust,      
Series 2011-LC1A, Class A3      
5.002%, 11/10/2046 (S)   1,335,000 1,517,113
General Electric Capital Assurance      
Company, Series 2003-1, Class A5      
5.743%, 05/12/2035 (P)(S)   89,275 106,248
GS Mortgage Securities Corp. II      
Series 2011-GC3, Class A4,      
4.753%, 03/10/2044 (S)   1,360,000 1,529,529
5.366%, 05/03/2032 (S)   285,445 342,413
JPMorgan Chase Commercial Mortgage      
Securities Corp., Series 2004-CBX,      
Class A6 4.899%, 01/12/2037   315,000 336,944
LB-UBS Commercial Mortgage Trust      
Series 2006-C4, Class A4,      
5.870%, 06/15/2038 (P)   1,330,000 1,502,079

 

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
LB-UBS Commercial      
Mortgage Trust (continued)      
Series 2008-C1, Class A2,      
6.159%, 04/15/2041 (P) $ 1,000,000 $ 1,163,428
Merrill Lynch Mortgage Trust,      
Series 2006-C1, Class A4      
5.659%, 05/12/2039 (P)   600,000 679,657
Morgan Stanley Capital I      
Series 2011-C2, Class A4,      
4.661%, 06/15/2044 (S)   765,000 859,315
Series 2005-T17, Class A5,      
4.780%, 12/13/2041   500,000 533,868
Series 2007-T27, Class A4,      
5.658%, 06/11/2042 (P)   40,000 46,258
OBP Depositor LLC Trust,      
Series 2010-OBP, Class A      
4.646%, 07/15/2045 (S)   877,000 1,016,532
Prudential Commercial Mortgage Trust,      
Series 2003-PWR1, Class A1      
3.669%, 02/11/2036   54,078 54,316
WF-RBS Commercial Mortgage Trust,      
Series 2011-C2, Series A4      
4.869%, 02/15/2044 (P)(S)   785,000 893,599
 
      16,566,610
U.S. Government Agency - 0.0%      
Federal Home Loan Mortgage Corp.,      
Series 2895, Class EK      
4.000%, 11/15/2019   132,951 140,732
Government National Mortgage      
Association, Series 2006-38, Class XS      
IO 7.011%, 09/16/2035   40,666 8,797
 
      149,529
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $16,068,940)   $ 16,716,139
 
ASSET BACKED SECURITIES - 2.5%      
Ally Master Owner Trust      
Series 2011-4, Class A2,      
1.540%, 09/15/2016   580,000 584,865
Series 2010-3, Class A,      
2.880%, 04/15/2015 (S)   1,000,000 1,014,088
Series 2010-3, Class B,      
3.470%, 04/15/2015 (S)   835,000 843,743
Avis Budget Rental Car      
Funding AESOP LLC      
Series 2009-2A, Class A,      
5.680%, 02/20/2014 (S)   1,365,000 1,397,439
Series 2009-1A, Class A,      
9.310%, 10/20/2013 (S)   750,000 763,215
Carnow Auto      
Receivables Trust 2.090%,      
01/15/2015 (S)   320,000 319,939
Credit Acceptance Auto Loan Trust,      
Series 2012-1A, Class B      
3.120%, 03/16/2020 (S)   585,000 586,560
First Investors Auto Owner Trust,      
Series 2012-1A, Class A2      
1.960%, 11/15/2017 (S)   625,000 624,832
Ford Credit Auto Lease Trust,      
Series 2012-A, Class B      
1.610%, 10/15/2016 (S)   1,145,000 1,144,412

 

108

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or    
    Principal    
    Amount   Value
 
 
ASSET BACKED SECURITIES (continued)      
Hertz Vehicle Financing LLC,        
Series 2010-1A, Class A2        
3.740%, 02/25/2017 (S) $ 1,045,000  $ 1,119,462
Huntington Auto Trust, Series 2012-1,        
Class B 1.710%, 08/15/2017   376,000   379,493
John Deere Owner Trust, Series 2010-A,        
Class A4 2.130%, 10/17/2016   1,000,000   1,013,514
LCM LP, Series 8A, Class A        
2.067%, 01/14/2021 (P)(S)   1,300,000   1,306,985
Massachusetts RRB Special Purpose Trust,        
Series 2001-1, Class A        
6.530%, 06/01/2015   19,592   20,130
Prestige Auto Receivables Trust,        
Series 2012-1, Class B        
2.490%, 04/16/2018 (S)   440,000   443,489
Santander Drive Auto Receivables Trust,        
Series 2011-1, Class B        
2.350%, 11/16/2015   1,095,000   1,104,052
Volvo Financial Equipment LLC,        
Series 2012-1A, Class B        
1.510%, 08/15/2017 (S)   230,000   231,187
TOTAL ASSET BACKED SECURITIES (Cost $12,878,972) $ 12,897,405
 
SHORT-TERM INVESTMENTS - 10.9%      
Repurchase Agreement - 10.9%        
BNP Paribas Tri-Party Repurchase        
Agreement dated 05/31/2012 at 0.210%        
to be repurchased at $31,800,186 on        
06/01/12, collateralized by $15,713,952,        
Federal National Mortgage Association,        
4.500-5.500% due 10/01/39-04/01/42        
(valued at $17,482,059, including        
interest) and $13,968,000 Government        
National Mortgage Association, 4.500%        
due 05/15/18 (valued at $14,953,942,        
including interest)   31,800,000   31,800,000
Deutsche Bank Securities Tri-Party        
Repurchase Agreement dated 05/31/12        
0.220% to be repurchased at        
$23,300,142 on 06/01/12, collateralized        
by $21,782,274 Government National        
Mortgage Association, 3.000-5.000%        
due 06/15/40-05/15/42 (valued at        
$23,766,000 including interest)   23,300,000   23,300,000
 
        55,100,000
TOTAL SHORT-TERM INVESTMENTS (Cost $55,100,000) $ 55,100,000
Total Investments (Investment Quality Bond Fund)    
(Cost $540,581,377) - 111.4%     $ 565,050,847
Other assets and liabilities, net - (11.4%)       (57,757,517)
 
TOTAL NET ASSETS - 100.0%     $ 507,293,330
 
 
 
 
Mid Cap Growth Index Fund      
    Shares or    
    Principal    
    Amount   Value
 
 
COMMON STOCKS - 98.4%        
Consumer Discretionary - 24.5%        
Auto Components - 1.7%        
BorgWarner, Inc. (I) (L)   3,549  $ 254,634
Delphi Automotive PLC (I)   2,100   60,963

 

Mid Cap Growth Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Auto Components (continued)    
Gentex Corp. 4,655 $ 103,807
The Goodyear Tire & Rubber Company (I) 7,870 82,242
WABCO Holdings, Inc. (I) 2,100 108,696
 
    610,342
Automobiles - 1.0%    
Harley-Davidson, Inc. 7,409 356,966
Distributors - 0.4%    
LKQ Corp. (I) 4,463 162,632
Diversified Consumer Services - 0.5%    
Apollo Group, Inc., Class A (I) 3,627 115,411
Weight Watchers International, Inc. (L) 894 50,726
 
    166,137
Hotels, Restaurants & Leisure - 3.2%    
Chipotle Mexican Grill, Inc. (I) 1,008 416,375
Dunkin’ Brands Group, Inc. 2,562 83,188
Hyatt Hotels Corp., Class A (I) 509 18,828
International Game Technology 3,313 47,376
MGM Resorts International (I) 11,800 127,794
Panera Bread Company, Class A (I) 900 132,255
Starwood Hotels & Resorts Worldwide, Inc. 6,311 333,536
 
    1,159,352
Household Durables - 1.6%    
Garmin, Ltd. 1,300 55,848
Lennar Corp., Class A 5,100 139,179
NVR, Inc. (I) (L) 54 43,459
PulteGroup, Inc. (I) 11,100 103,896
Tempur-Pedic International, Inc. (I) 2,040 94,268
Toll Brothers, Inc. (I) 2,400 65,472
Tupperware Brands Corp. 1,824 98,587
 
    600,709
Internet & Catalog Retail - 1.0%    
Liberty Interactive Corp., Series A (I) 6,100 102,236
Netflix, Inc. (I) 1,696 107,594
TripAdvisor, Inc. (I) (L) 3,323 142,490
 
    352,320
Leisure Equipment & Products - 0.4%    
Polaris Industries, Inc. 2,103 159,765
Media - 3.2%    
Cablevision Systems Corp., Class A 6,369 72,861
Charter Communications, Inc., Class A (I) 1,289 80,820
Lamar Advertising Company, Class A (I) 1,251 30,787
Liberty Global, Inc., Series A (I) 4,443 205,267
Liberty Global, Inc., Series C (I) 3,863 172,637
Scripps Networks Interactive, Inc., Class A 2,907 159,216
Sirius XM Radio, Inc. (I) 121,327 229,308
The Interpublic Group of Companies, Inc. 7,131 74,091
Virgin Media, Inc. (L) 5,552 122,311
 
    1,147,298
Multiline Retail - 1.9%    
Dollar Tree, Inc. (I) 3,838 396,005
Family Dollar Stores, Inc. 3,229 218,765
Sears Holdings Corp. (I) 1,200 59,280
 
    674,050
Specialty Retail - 7.6%    
Abercrombie & Fitch Company, Class A 2,729 91,531
Advance Auto Parts, Inc. 2,324 169,513
AutoNation, Inc. (I) (L) 1,389 50,032
CarMax, Inc. (I) (L) 7,317 206,413
Dick’s Sporting Goods, Inc. 3,056 142,104

 

109

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Mid Cap Growth Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Specialty Retail (continued)    
O’Reilly Automotive, Inc. (I) 4,038 $ 386,800
PetSmart, Inc. 3,581 230,760
Ross Stores, Inc. 7,361 465,436
Sally Beauty Holdings, Inc. (I) 5,200 137,436
Signet Jewelers, Ltd. 2,800 122,248
Tiffany & Company 4,112 227,764
Tractor Supply Company 2,295 209,648
Ulta Salon Cosmetics & Fragrance, Inc. 1,915 171,144
Urban Outfitters, Inc. (I) (L) 3,691 103,237
Williams-Sonoma, Inc. 1,033 36,062
 
    2,750,128
Textiles, Apparel & Luxury Goods - 2.0%    
Deckers Outdoor Corp. (I) 1,265 70,423
Fossil, Inc. (I) 1,707 124,884
Lululemon Athletica, Inc. (I) 3,245 235,717
PVH Corp. 2,249 182,169
Under Armour, Inc., Class A (I) 1,251 126,013
 
    739,206
 
    8,878,905
Consumer Staples - 3.1%    
Beverages - 1.3%    
Beam, Inc. 2,300 139,288
Monster Beverage Corp. (I) 4,773 346,520
 
    485,808
Food Products - 0.5%    
Corn Products International, Inc. (I) 900 45,981
Green Mountain Coffee Roasters, Inc. (I) (L) 4,289 101,220
Hormel Foods Corp. (L) 1,668 49,890
 
    197,091
Household Products - 0.8%    
Church & Dwight Company, Inc. 2,300 122,452
Energizer Holdings, Inc. (I) (L) 2,067 150,705
 
    273,157
Personal Products - 0.5%    
Herbalife, Ltd. 3,730 167,067
 
    1,123,123
Energy - 10.8%    
Energy Equipment & Services - 2.6%    
Core Laboratories NV 1,496 191,338
Dresser-Rand Group, Inc. (I) 2,422 106,277
FMC Technologies, Inc. (I) 7,700 309,848
Helmerich & Payne, Inc. 3,470 157,191
Oceaneering International, Inc. 3,454 159,644
Superior Energy Services, Inc. (I) 1,739 37,632
 
    961,930
Oil, Gas & Consumable Fuels - 8.2%    
Cabot Oil & Gas Corp. (L) 4,353 141,647
Cobalt International Energy, Inc. (I) 5,880 133,182
Concho Resources, Inc. (I) 3,183 279,276
CONSOL Energy, Inc. 7,329 205,798
Continental Resources, Inc. (I) 1,460 106,376
Denbury Resources, Inc. (I) 12,540 189,605
EQT Corp. 4,787 222,021
HollyFrontier Corp. 2,271 66,949
Kinder Morgan Management LLC (I) 1,457 103,523
Laredo Petroleum, Inc. (I) 800 16,840
Pioneer Natural Resources Company 3,738 361,465
Plains Exploration & Production Company (I) 2,697 96,526
QEP Resources, Inc. 5,732 150,866

 

Mid Cap Growth Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Range Resources Corp. 5,211 $ 299,320
SandRidge Energy, Inc. (I) 11,950 75,883
SM Energy Company 2,076 112,291
Sunoco, Inc. 1,223 56,808
Ultra Petroleum Corp. (I) 5,001 92,619
Whiting Petroleum Corp. (I) 3,760 162,470
WPX Energy, Inc. (I) 6,423 94,225
 
    2,967,690
 
    3,929,620
Financials - 6.1%    
Capital Markets - 1.1%    
Affiliated Managers Group, Inc. (I) 1,680 173,158
Eaton Vance Corp. (L) 3,728 90,740
LPL Investment Holdings, Inc. (I) 1,800 58,284
SEI Investments Company 4,573 81,902
 
    404,084
Diversified Financial Services - 1.6%    
CBOE Holdings, Inc. 2,892 73,023
IntercontinentalExchange, Inc. (I) 2,348 287,513
Moody’s Corp. 2,299 84,120
MSCI, Inc. (I) 3,862 130,574
 
    575,230
Insurance - 0.8%    
Arch Capital Group, Ltd. (I) 4,302 164,465
Brown & Brown, Inc. 3,988 102,093
Erie Indemnity Company 478 34,354
 
    300,912
Real Estate Investment Trusts - 1.8%    
Digital Realty Trust, Inc. (L) 1,203 85,136
Essex Property Trust, Inc. 592 89,072
Federal Realty Investment Trust 733 72,039
Host Hotels & Resorts, Inc. (L) 14,714 224,536
Taubman Centers, Inc. 1,900 138,700
Weingarten Realty Investors 1,800 46,044
 
    655,527
Real Estate Management & Development - 0.7%    
CBRE Group, Inc. (I) 9,963 163,891
Jones Lang LaSalle, Inc. 919 66,628
 
    230,519
Thrifts & Mortgage Finance - 0.1%    
Hudson City Bancorp, Inc. 5,300 32,860
 
    2,199,132
Health Care - 14.4%    
Biotechnology - 2.4%    
Amylin Pharmaceuticals, Inc. (I) 2,500 66,275
Human Genome Sciences, Inc. (I) 6,452 87,876
Regeneron Pharmaceuticals, Inc. (I) 2,339 317,285
Vertex Pharmaceuticals, Inc. (I) 6,739 404,610
 
    876,046
Health Care Equipment & Supplies - 3.7%    
C.R. Bard, Inc. 2,574 250,167
DENTSPLY International, Inc. (L) 4,539 167,943
Edwards Lifesciences Corp. (I) 3,682 314,332
Gen-Probe, Inc. (I) 1,414 114,407
IDEXX Laboratories, Inc. (I) 1,723 146,179
ResMed, Inc. (I) (L) 4,615 142,973
Varian Medical Systems, Inc. (I) 3,642 213,640
 
    1,349,641

 

110

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Mid Cap Growth Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services - 3.3%    
AmerisourceBergen Corp. 8,317 $ 307,646
DaVita, Inc. (I) 3,025 245,781
Henry Schein, Inc. (I) (L) 2,899 215,425
Laboratory Corp. of America Holdings (I) (L) 3,084 256,836
Patterson Companies, Inc. 2,802 93,138
Universal Health Services, Inc., Class B 1,900 73,625
 
    1,192,451
Health Care Technology - 1.2%    
Allscripts Healthcare Solutions, Inc. (I) 5,768 62,410
Cerner Corp. (I) (L) 4,640 361,734
 
    424,144
Life Sciences Tools & Services - 1.8%    
Bio-Rad Laboratories, Inc., Class A (I) 425 42,334
Covance, Inc. (I) 1,190 55,216
Illumina, Inc. (I) (L) 3,894 167,676
Mettler-Toledo International, Inc. (I) 1,023 159,711
Waters Corp. (I) 2,895 230,963
 
    655,900
Pharmaceuticals - 2.0%    
Endo Pharmaceuticals Holdings, Inc. (I) 1,300 42,276
Mylan, Inc. (I) 13,774 298,483
Perrigo Company (L) 2,810 291,931
Warner Chilcott PLC, Class A (I) 5,582 105,277
 
    737,967
 
    5,236,149
Industrials - 12.9%    
Aerospace & Defense - 1.5%    
BE Aerospace, Inc. (I) 3,329 144,212
Textron, Inc. 8,988 212,386
TransDigm Group, Inc. (I) 1,534 188,682
 
    545,280
Building Products - 0.5%    
Masco Corp. 7,509 95,139
Owens Corning, Inc. (I) 2,400 74,064
 
    169,203
Commercial Services & Supplies - 1.2%    
Copart, Inc. (I) 3,574 96,891
Stericycle, Inc. (I) (L) 2,716 236,998
Waste Connections, Inc. 3,749 116,032
 
    449,921
Construction & Engineering - 0.1%    
Foster Wheeler AG (I) 1,218 21,790
Electrical Equipment - 2.0%    
AMETEK, Inc. 5,135 260,396
Roper Industries, Inc. 3,101 313,883
Sensata Technologies Holding NV (I) 2,791 85,712
The Babcock & Wilcox Company (I) 3,440 84,796
 
    744,787
Machinery - 2.3%    
Donaldson Company, Inc. (L) 4,558 163,040
Flowserve Corp. 1,740 178,837
Gardner Denver, Inc. 1,618 87,501
IDEX Corp. 1,300 51,649
Joy Global, Inc. (L) 3,396 189,701
Navistar International Corp. (I) 1,975 55,182
Pall Corp. (L) 1,865 103,806
 
    829,716

 

Mid Cap Growth Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Professional Services - 1.8%    
Dun & Bradstreet Corp. 1,547 $ 104,531
IHS, Inc., Class A (I) 1,469 145,416
Nielsen Holdings NV (I) 4,026 111,681
Robert Half International, Inc. 2,171 61,700
Verisk Analytics, Inc., Class A (I) 4,460 213,634
 
    636,962
Road & Rail - 1.1%    
J.B. Hunt Transport Services, Inc. (L) 2,994 171,047
Kansas City Southern 3,549 234,163
 
    405,210
Trading Companies & Distributors - 2.4%    
Fastenal Company 8,964 396,478
MSC Industrial Direct Company, Inc., Class A 1,511 108,354
W.W. Grainger, Inc. (L) 1,916 371,033
 
    875,865
 
    4,678,734
Information Technology - 19.4%    
Communications Equipment - 1.2%    
Acme Packet, Inc. (I) (L) 1,877 42,946
F5 Networks, Inc. (I) 2,567 265,633
Polycom, Inc. (I) 3,710 42,442
Riverbed Technology, Inc. (I) 4,821 79,064
 
    430,085
Computers & Peripherals - 0.6%    
SanDisk Corp. (I) 2,677 87,538
Western Digital Corp. (I) 3,800 119,282
 
    206,820
Electronic Equipment, Instruments & Components - 1.9%  
Amphenol Corp., Class A 5,248 279,141
Dolby Laboratories, Inc., Class A (I) 1,687 72,355
Flextronics International, Ltd. (I) 7,751 49,761
FLIR Systems, Inc. 4,907 104,666
Trimble Navigation, Ltd. (I) 3,956 186,585
 
    692,508
Internet Software & Services - 2.8%    
Akamai Technologies, Inc. (I) 5,728 168,060
Equinix, Inc. (I) 1,532 249,885
IAC/InterActiveCorp 2,400 107,808
LinkedIn Corp., Class A (I) 1,399 134,444
Rackspace Hosting, Inc. (I) 3,395 167,951
VeriSign, Inc. (I) 5,147 196,770
 
    1,024,918
IT Services - 3.4%    
Alliance Data Systems Corp. (I) 1,600 201,600
Fiserv, Inc. (I) 4,435 299,052
Gartner, Inc. (I) 3,000 122,040
Global Payments, Inc. 2,506 106,455
Teradata Corp. (I) 5,411 359,723
VeriFone Systems, Inc. (I) 3,367 121,582
 
    1,210,452
Semiconductors & Semiconductor Equipment - 3.9%  
Advanced Micro Devices, Inc. (I) 19,100 116,128
Atmel Corp. (I) (L) 14,738 103,166
Avago Technologies, Ltd. (L) 7,440 246,264
Cree, Inc. (I) 3,576 89,650
Freescale Semiconductor Holdings I, Ltd. (I) 1,647 15,152
Lam Research Corp. (I) (L) 1,381 51,511
Linear Technology Corp. 7,301 211,875
LSI Corp. (I) 18,200 121,030

 

111

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Mid Cap Growth Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment (continued)  
Micron Technology, Inc. (I) 31,700 $ 185,128
NVIDIA Corp. (I) 9,777 121,528
Skyworks Solutions, Inc. (I) 6,086 163,470
 
    1,424,902
Software - 5.6%    
ANSYS, Inc. (I) 2,963 183,336
Autodesk, Inc. (I) 7,280 233,106
BMC Software, Inc. (I) 5,261 222,646
Electronic Arts, Inc. (I) 3,723 50,707
FactSet Research Systems, Inc. 1,375 144,966
Fortinet, Inc. (I) 4,000 85,000
Informatica Corp. (I) 3,409 141,235
MICROS Systems, Inc. (I) 2,568 135,488
Nuance Communications, Inc. (I) 7,797 161,320
Red Hat, Inc. (I) 6,231 320,149
Rovi Corp. (I) 3,507 85,676
Solera Holdings, Inc. 2,220 98,568
TIBCO Software, Inc. (I) 5,288 141,454
Zynga, Inc. (I) 4,700 29,422
 
    2,033,073
 
    7,022,758
Materials - 5.6%    
Chemicals - 4.3%    
Albemarle Corp. 2,831 171,842
Celanese Corp., Series A 5,044 200,802
CF Industries Holdings, Inc. 733 125,314
FMC Corp. 4,520 230,384
Sigma-Aldrich Corp. 3,870 268,462
The Scotts Miracle-Gro Company, Class A 1,389 59,963
The Sherwin-Williams Company 2,850 369,474
W.R. Grace & Company (I) 2,300 120,750
 
    1,546,991
Construction Materials - 0.1%    
Vulcan Materials Company 1,500 51,975
Containers & Packaging - 0.9%    
AptarGroup, Inc. 700 35,469
Ball Corp. 4,801 191,896
Crown Holdings, Inc. (I) 3,148 107,315
 
    334,680
Metals & Mining - 0.3%    
Molycorp, Inc. (I) (L) 1,732 34,086
Walter Energy, Inc. 1,309 63,421
 
    97,507
 
    2,031,153
Telecommunication Services - 1.0%    
Diversified Telecommunication Services - 0.2%    
Level 3 Communications, Inc. (I) 3,080 65,388
Wireless Telecommunication Services - 0.8%    
MetroPCS Communications, Inc. (I) 4,993 31,955
NII Holdings, Inc. (I) (L) 5,611 64,639
SBA Communications Corp., Class A (I) (L) 3,747 194,657
 
    291,251
 
    356,639
Utilities - 0.6%    
Electric Utilities - 0.3%    
ITC Holdings Corp. 1,600 110,320

 

Mid Cap Growth Index Fund (continued)  
  Shares or    
  Principal    
  Amount   Value
 
COMMON STOCKS (continued)      
Independent Power Producers & Energy Traders - 0.3%  
Calpine Corp. (I)  6,529 $ 109,687
 
      220,007
TOTAL COMMON STOCKS (Cost $30,323,413) $ 35,676,220
 
SECURITIES LENDING COLLATERAL - 11.5%    
John Hancock Collateral      
Investment Trust, 0.3309% (W) (Y)  415,869 4,161,681
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $4,160,441)   $ 4,161,681
 
SHORT-TERM INVESTMENTS - 1.7%      
U.S. Government - 0.2%      
U.S. Treasury Bill      
0.050%, 06/14/2012 * $ 25,000 $ 25,000
0.080%, 08/09/2012 *  30,000 29,996
 
      54,996
Money Market Funds - 1.5%      
AIM Short-Term Investment Trust, STIC      
Prime Portfolio,      
Institutional Class 0.080% (Y)  548,958 548,958
TOTAL SHORT-TERM INVESTMENTS (Cost $603,954) $ 603,954
Total Investments (Mid Cap Growth Index Fund)    
(Cost $35,087,808) - 111.6%   $ 40,441,855
Other assets and liabilities, net - (11.6%)     (4,194,385)
 
TOTAL NET ASSETS - 100.0%   $ 36,247,470
 
 
 
 
Mid Cap Stock Fund      
  Shares or    
  Principal    
  Amount   Value
 
COMMON STOCKS - 89.0%      
Consumer Discretionary - 21.5%      
Auto Components - 0.5%      
WABCO Holdings, Inc. (I)  88,148  $ 4,562,540
Diversified Consumer Services - 0.6%      
Sotheby’s (L)  172,740 5,268,570
Hotels, Restaurants & Leisure - 2.0%      
Buffalo Wild Wings, Inc. (I)(L)  88,670 7,546,704
The Cheesecake Factory, Inc. (I)(L)  347,260 11,265,114
 
      18,811,818
Household Durables - 2.2%      
D.R. Horton, Inc. (L)  169,650 2,816,190
Jarden Corp.  259,498 10,548,594
Lennar Corp., Class A (L)  169,850 4,635,207
PulteGroup, Inc. (I)(L)  295,600 2,766,816
 
      20,766,807
Internet & Catalog Retail - 3.1%      
HomeAway, Inc. (I)  148,720 3,494,920
Shutterfly, Inc. (I)(L)  333,853 9,204,327
TripAdvisor, Inc. (I)(L)  369,360 15,838,157
 
      28,537,404
Leisure Equipment & Products - 0.5%      
Brunswick Corp. (L)  205,664 4,504,042
Media - 1.5%      
DreamWorks Animation SKG, Inc. (I)(L)  332,370 5,912,862

 

112

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Mid Cap Stock Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Media (continued)    
Sirius XM Radio, Inc. (I)(L) 4,517,070 $ 8,537,262
 
    14,450,124
Specialty Retail - 6.4%    
DSW, Inc., Class A 155,490 9,279,643
Express, Inc. (I) 524,831 9,709,374
GNC Holdings, Inc., Class A 379,326 14,615,431
Hibbett Sports, Inc. (I)(L) 201,010 11,262,590
The Children’s Place Retail Stores, Inc. (I)(L) 150,308 6,909,659
Urban Outfitters, Inc. (I) 282,570 7,903,483
 
    59,680,180
Textiles, Apparel & Luxury Goods - 4.7%    
Deckers Outdoor Corp. (I)(L) 186,510 10,383,012
Hanesbrands, Inc. (I)(L) 545,780 15,205,431
PVH Corp. 140,990 11,420,190
Samsonite International SA 3,785,700 6,862,579
 
    43,871,212
 
    200,452,697
Energy - 6.6%    
Energy Equipment & Services - 0.9%    
Ensco PLC 185,500 8,330,805
Oil, Gas & Consumable Fuels - 5.7%    
Cabot Oil & Gas Corp. 366,700 11,932,418
Cobalt International Energy, Inc. (I) 247,050 5,595,683
Newfield Exploration Company (I) 264,890 7,936,104
Pioneer Natural Resources Company (L) 93,500 9,041,450
Southwestern Energy Company (I)(L) 361,120 10,122,194
Vallares PLC (I) 42,246 411,356
Whiting Petroleum Corp. (I) 196,090 8,473,049
 
    53,512,254
 
    61,843,059
Financials - 4.0%    
Capital Markets - 0.6%    
Invesco, Ltd. 237,400 5,163,450
Commercial Banks - 1.8%    
M&T Bank Corp. (L) 109,560 8,909,419
Regions Financial Corp. 1,181,310 7,430,440
 
    16,339,859
Diversified Financial Services - 0.6%    
Justice Holdings, Ltd. (I) 397,247 6,061,557
Real Estate Investment Trusts - 1.0%    
Host Hotels & Resorts, Inc. (L) 607,720 9,273,807
 
    36,838,673
Health Care - 14.8%    
Biotechnology - 1.2%    
Amylin Pharmaceuticals, Inc. (I) 136,377 3,615,354
Arena Pharmaceuticals, Inc. (I)(L) 396,500 2,652,585
Onyx Pharmaceuticals, Inc. (I) 69,120 3,164,314
Regeneron Pharmaceuticals, Inc. (I) 16,270 2,207,026
 
    11,639,279
Health Care Equipment & Supplies - 7.7%    
Edwards Lifesciences Corp. (I) 243,280 20,768,814
Gen-Probe, Inc. (I) 199,003 16,101,333
HeartWare International, Inc. (I)(L) 147,330 11,988,242
Hologic, Inc. (I) 969,580 16,250,161
Intuitive Surgical, Inc. (I) 12,320 6,444,592
 
    71,553,142

 

Mid Cap Stock Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Technology - 2.1%    
SXC Health Solutions Corp. (I) 218,486 $ 19,600,379
Life Sciences Tools & Services - 1.6%    
PAREXEL International Corp. (I) 373,040 9,982,550
Waters Corp. (I)(L) 55,870 4,457,309
 
    14,439,859
Pharmaceuticals - 2.2%    
Auxilium Pharmaceuticals, Inc. (I) 260,840 4,982,044
Salix Pharmaceuticals, Ltd. (I) 125,400 6,496,974
Watson Pharmaceuticals, Inc. (I) 130,720 9,319,029
 
    20,798,047
 
    138,030,706
Industrials - 14.2%    
Aerospace & Defense - 1.1%    
DigitalGlobe, Inc. (I) 612,900 9,904,464
Air Freight & Logistics - 2.4%    
C.H. Robinson Worldwide, Inc. (L) 168,030 9,789,428
Expeditors International of Washington, Inc. 334,640 12,799,980
 
    22,589,408
Airlines - 1.1%    
Spirit Airlines, Inc. (I) 488,958 10,077,424
Construction & Engineering - 1.1%    
AECOM Technology Corp. (I) 220,034 3,584,354
Fluor Corp. 145,020 6,798,538
 
    10,382,892
Electrical Equipment - 1.2%    
Polypore International, Inc. (I)(L) 293,610 10,860,634
Machinery - 3.5%    
Colfax Corp. (I) 323,000 9,150,590
Flowserve Corp. 90,020 9,252,256
Pall Corp. 214,020 11,912,353
Westport Innovations, Inc. (I)(L) 102,500 2,502,025
 
    32,817,224
Professional Services - 2.3%    
Capita PLC 1,029,047 9,805,806
IHS, Inc., Class A (I)(L) 118,818 11,761,794
 
    21,567,600
Road & Rail - 0.9%    
Localiza Rent a Car SA 531,300 8,429,779
Trading Companies & Distributors - 0.6%    
United Rentals, Inc. (I)(L) 168,104 5,807,993
 
    132,437,418
Information Technology - 25.2%    
Communications Equipment - 1.6%    
Finisar Corp. (I)(L) 544,490 7,813,432
Juniper Networks, Inc. (I) 415,690 7,149,868
 
    14,963,300
Electronic Equipment, Instruments & Components - 2.9%  
Jabil Circuit, Inc. 475,460 9,095,550
Trimble Navigation, Ltd. (I)(L) 274,920 12,966,602
Universal Display Corp. (I)(L) 163,370 4,598,866
 
    26,661,018
Internet Software & Services - 4.4%    
CoStar Group, Inc. (I) 12,800 945,792
Equinix, Inc. (I)(L) 114,600 18,692,406
IAC/InterActiveCorp 198,190 8,902,695

 

113

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Mid Cap Stock Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Internet Software & Services (continued)    
LinkedIn Corp., Class A (I) 132,470 $ 12,730,367
 
    41,271,260
IT Services - 3.3%    
Gartner, Inc. (I)(L) 174,639 7,104,315
Genpact, Ltd. (I) 442,750 6,902,473
Teradata Corp. (I) 100,200 6,661,296
VeriFone Systems, Inc. (I)(L) 279,630 10,097,439
 
    30,765,523
Semiconductors & Semiconductor Equipment - 2.6%    
Cypress Semiconductor Corp. (I) 624,800 8,241,112
Skyworks Solutions, Inc. (I) 601,170 16,147,426
 
    24,388,538
Software - 10.4%    
Activision Blizzard, Inc. (L) 836,870 9,824,854
BroadSoft, Inc. (I)(L) 145,632 3,977,210
Cadence Design Systems, Inc. (I)(L) 1,554,140 15,852,228
Concur Technologies, Inc. (I)(L) 245,800 15,202,730
Jive Software, Inc. (I)(L) 318,850 5,340,738
MicroStrategy, Inc., Class A (I) 61,970 7,559,101
Red Hat, Inc. (I) 64,390 3,308,358
Salesforce.com, Inc. (I)(L) 103,200 14,305,584
Solera Holdings, Inc. 273,260 12,132,744
Splunk, Inc. (I)(L) 91,400 2,975,985
TIBCO Software, Inc. (I) 237,670 6,357,673
 
    96,837,205
 
    234,886,844
Materials - 2.7%    
Chemicals - 0.9%    
Methanex Corp. 293,350 8,205,000
Containers & Packaging - 1.8%    
Ball Corp. 198,460 7,932,446
Crown Holdings, Inc. (I) 266,080 9,070,659
 
    17,003,105
 
    25,208,105
TOTAL COMMON STOCKS (Cost $758,365,721) $ 829,697,502
 
INVESTMENT COMPANIES - 1.7%    
Investment Companies - 1.7%    
SPDR S&P Midcap 400 ETF Trust (L) 96,500 16,267,005
TOTAL INVESTMENT COMPANIES (Cost $16,170,177) $ 16,267,005
 
SECURITIES LENDING COLLATERAL - 24.0%    
John Hancock Collateral    
Investment Trust, 0.3309% (W)(Y) 22,344,510 223,605,986
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $223,558,992) $ 223,605,986

 

Mid Cap Stock Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
SHORT-TERM INVESTMENTS - 9.8%    
Repurchase Agreement - 9.8%    
Deutsche Tri-Party Repurchase Agreement    
dated 05/31/2012 at 0.220% to be    
repurchased at $90,900,556 on 06/01/2012,    
collateralized by $85,291,036 Government    
National Mortgage Association, 3.320% -    
5.000% due 05/20/2026 - 03/15/2052    
(valued at $92,718,002 including interest)  $ 90,900,000 $ 90,900,000
TOTAL SHORT-TERM INVESTMENTS (Cost $90,900,000) $ 90,900,000
Total Investments (Mid Cap Stock Fund)    
(Cost $1,088,994,890) - 124.5% $ 1,160,470,493
Other assets and liabilities, net - (24.5%)   (228,409,350)
 
TOTAL NET ASSETS - 100.0% $ 932,061,143
 
 
 
 
Mid Cap Value Equity Fund    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 97.1%    
Consumer Discretionary - 11.4%    
Auto Components - 1.8%    
TRW Automotive Holdings Corp. (I) 33,773 $ 1,302,625
Visteon Corp. (I) 25,496 1,019,840
 
    2,322,465
Automobiles - 0.7%    
Ford Motor Company 81,761 863,396
Diversified Consumer Services - 0.5%    
Apollo Group, Inc., Class A (I) 7,213 229,518
Capella Education Company (I) 7,300 224,183
ITT Educational Services, Inc. (I) (L) 4,391 249,848
 
    703,549
Hotels, Restaurants & Leisure - 1.9%    
Darden Restaurants, Inc. (L) 6,857 354,713
Penn National Gaming, Inc. (I) 33,037 1,518,050
Royal Caribbean Cruises, Ltd. 23,333 549,492
 
    2,422,255
Household Durables - 0.5%    
Newell Rubbermaid, Inc. 37,663 692,999
Internet & Catalog Retail - 0.7%    
Liberty Interactive Corp., Series A (I) 54,477 913,035
Leisure Equipment & Products - 0.5%    
Hasbro, Inc. (L) 19,265 682,366
Media - 3.3%    
DISH Network Corp. 31,034 870,193
Liberty Media Corp. - Liberty    
Capital, Series A (I) 8,116 687,993
National CineMedia, Inc. 56,781 765,976
Regal Entertainment Group (L) 45,410 624,388
The Interpublic Group of Companies, Inc. 36,279 376,939
Virgin Media, Inc. (L) 43,362 955,265
 
    4,280,754
Multiline Retail - 1.5%    
Macy’s, Inc. 51,741 1,968,745
 
    14,849,564

 

114

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Mid Cap Value Equity Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Consumer Staples - 6.9%    
Food Products - 4.1%    
Dean Foods Company (I) 58,399 $ 913,360
Post Holdings, Inc. (I) 26,472 796,013
Ralcorp Holdings, Inc. (I) 29,523 1,876,187
Sara Lee Corp. 88,593 1,851,594
 
    5,437,154
Tobacco - 2.8%    
Lorillard, Inc. 29,237 3,613,693
 
    9,050,847
Energy - 8.0%    
Energy Equipment & Services - 2.4%    
C&J Energy Services, Inc. (I) (L) 23,217 415,120
McDermott International, Inc. (I) 28,620 290,493
Nabors Industries, Ltd. (I) 61,192 829,152
Noble Corp. (I) (L) 50,380 1,575,383
 
    3,110,148
Oil, Gas & Consumable Fuels - 5.6%    
Enbridge, Inc. 92,464 3,645,856
Kinder Morgan, Inc. 15,840 541,585
Pioneer Natural Resources Company 6,897 666,940
QEP Resources, Inc. 30,218 795,338
SM Energy Company 7,796 421,686
Whiting Petroleum Corp. (I) 30,410 1,314,016
 
    7,385,421
 
    10,495,569
Financials - 19.8%    
Capital Markets - 1.9%    
Invesco, Ltd. 92,670 2,015,573
Lazard, Ltd., Class A 23,315 537,644
 
    2,553,217
Commercial Banks - 7.9%    
CIT Group, Inc. (I) 118,902 4,065,259
Comerica, Inc. 49,950 1,519,479
Fifth Third Bancorp 105,943 1,414,339
Huntington Bancshares, Inc. 199,972 1,307,817
M&T Bank Corp. (L) 11,149 906,637
SunTrust Banks, Inc. 17,811 408,228
TCF Financial Corp. (L) 56,210 662,716
 
    10,284,475
Diversified Financial Services - 0.3%    
PICO Holdings, Inc. (I) 16,371 362,781
Insurance - 6.6%    
Assurant, Inc. 15,539 518,692
Axis Capital Holdings, Ltd. 26,615 875,634
Everest Re Group, Ltd. 17,073 1,743,495
Lincoln National Corp. 69,890 1,444,626
PartnerRe, Ltd. 7,644 541,730
Validus Holdings, Ltd. 30,760 965,249
XL Group PLC 122,667 2,504,860
 
    8,594,286
Real Estate Investment Trusts - 3.1%    
Boston Properties, Inc. 3,503 360,564
Digital Realty Trust, Inc. 5,940 420,374
Douglas Emmett, Inc. 18,993 406,450
Equity Lifestyle Properties, Inc. 5,675 373,756
Equity Residential 11,054 675,399
Hospitality Properties Trust 15,592 366,568
Rayonier, Inc. (L) 24,860 1,068,234

 

Mid Cap Value Equity Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Real Estate Investment Trusts (continued)    
Taubman Centers, Inc. 5,747 $ 419,531
 
    4,090,876
 
    25,885,635
Health Care - 9.7%    
Health Care Equipment & Supplies - 2.3%    
Teleflex, Inc. 23,721 1,409,027
Zimmer Holdings, Inc. 26,217 1,590,061
 
    2,999,088
Health Care Providers & Services - 2.3%    
CIGNA Corp. 41,626 1,827,798
Humana, Inc. 15,894 1,214,143
 
    3,041,941
Life Sciences Tools & Services - 1.3%    
Agilent Technologies, Inc. 41,681 1,694,749
Pharmaceuticals - 3.8%    
Mylan, Inc. (I) 100,523 2,178,333
Watson Pharmaceuticals, Inc. (I) 37,913 2,702,818
 
    4,881,151
 
    12,616,929
Industrials - 17.0%    
Aerospace & Defense - 0.9%    
Embraer SA, ADR 19,039 536,900
L-3 Communications Holdings, Inc. 4,800 327,312
Raytheon Company 7,700 387,464
 
    1,251,676
Airlines - 1.6%    
Delta Air Lines, Inc. (I) 60,854 736,333
United Continental Holdings, Inc. (I) (L) 34,866 877,577
US Airways Group, Inc. (I) (L) 40,715 538,252
 
    2,152,162
Building Products - 1.1%    
AO Smith Corp. 30,955 1,428,883
Construction & Engineering - 1.8%    
Chicago Bridge & Iron Company NV 33,474 1,203,056
Jacobs Engineering Group, Inc. (I) (L) 15,445 548,606
KBR, Inc. 21,713 553,030
 
    2,304,692
Electrical Equipment - 4.4%    
Cooper Industries PLC 68,485 4,828,193
Rockwell Automation, Inc. (L) 12,526 908,260
 
    5,736,453
Machinery - 2.9%    
AGCO Corp. (I) 26,345 1,059,332
Eaton Corp. 30,082 1,283,298
Parker Hannifin Corp. 17,170 1,403,476
 
    3,746,106
Road & Rail - 4.3%    
Con-way, Inc. 15,428 545,380
J.B. Hunt Transport Services, Inc. (L) 34,968 1,997,722
Kansas City Southern 34,897 2,302,504
Werner Enterprises, Inc. (L) 30,481 741,908
 
    5,587,514
 
    22,207,486

 

115

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Mid Cap Value Equity Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Information Technology - 6.8%    
Computers & Peripherals - 1.1%    
Diebold, Inc. 22,663 $ 838,758
NCR Corp. (I) 24,693 528,924
 
    1,367,682
Electronic Equipment, Instruments & Components - 2.0%  
Amphenol Corp., Class A 22,926 1,219,434
Avnet, Inc. (I) 46,081 1,405,010
 
    2,624,444
IT Services - 0.7%    
Amdocs, Ltd. (I) 33,718 969,393
Semiconductors & Semiconductor Equipment - 3.0%  
Advanced Micro Devices, Inc. (I) (L) 94,821 576,512
LSI Corp. (I) 237,736 1,580,944
Microchip Technology, Inc. (L) 44,821 1,390,347
ON Semiconductor Corp. (I) 63,739 429,601
 
    3,977,404
 
  
    8,938,923
Materials - 7.1%    
Chemicals - 4.8%    
Agrium, Inc. 3,590 280,523
Eastman Chemical Company 70,127 3,265,113
PPG Industries, Inc. 26,684 2,760,193
 
    6,305,829
Containers & Packaging - 0.3%    
Rock-Tenn Company, Class A 8,226 424,379
Metals & Mining - 1.3%    
Allegheny Technologies, Inc. 15,694 504,091
Freeport-McMoRan Copper & Gold, Inc. 7,737 247,893
Nucor Corp. 24,980 893,285
 
    1,645,269
Paper & Forest Products - 0.7%    
Domtar Corp. 11,523 911,585
 
    9,287,062
Telecommunication Services - 1.3%    
Diversified Telecommunication Services - 1.3%    
CenturyLink, Inc. 43,084 1,689,754
Utilities - 9.1%    
Electric Utilities - 3.2%    
Entergy Corp. 14,928 963,304
NV Energy, Inc. 38,967 674,129
Pepco Holdings, Inc. (L) 38,405 731,999
Pinnacle West Capital Corp. 24,089 1,189,515
Xcel Energy, Inc. 20,566 576,255
 
    4,135,202
Gas Utilities - 0.4%    
Questar Corp. 24,767 497,074
Multi-Utilities - 5.5%    
Ameren Corp. 18,761 606,168
CenterPoint Energy, Inc. 72,586 1,468,415
DTE Energy Company 30,550 1,736,157
Sempra Energy 23,617 1,535,341
Wisconsin Energy Corp. (L) 50,168 1,898,357
 
    7,244,438
 
    11,876,714
TOTAL COMMON STOCKS (Cost $97,220,870) $ 126,898,483

 

Mid Cap Value Equity Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
CONVERTIBLE BONDS - 0.2%    
Materials - 0.2%    
Cemex SAB de CV 3.750%, 03/15/2018 (S) $ 312,000 $ 222,690
TOTAL CONVERTIBLE BONDS (Cost $312,000) $ 222,690
 
WARRANTS - 0.0%    
Energy - 0.0%    
Kinder Morgan, Inc. (Expiration Date:    
05/25/2017; Strike Price: $40.00 ) (I) 23,961 54,631
TOTAL WARRANTS (Cost $25,566) $ 54,631
 
SECURITIES LENDING COLLATERAL - 9.5%    
John Hancock Collateral    
Investment Trust, 0.3309% (W) (Y) 1,240,785 12,416,784
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $12,409,622) $ 12,416,784
 
SHORT-TERM INVESTMENTS - 3.5%    
Commercial Paper - 3.5%    
Bank of Nova Scotia, 0.1174%, 06/01/2012 * $ 4,600,000 $ 4,600,000
TOTAL SHORT-TERM INVESTMENTS (Cost $4,600,000) $ 4,600,000
Total Investments (Mid Cap Value Equity Fund)    
(Cost $114,568,058) - 110.3% $ 144,192,588
Other assets and liabilities, net - (10.3%)   (13,430,044)
 
TOTAL NET ASSETS - 100.0% $ 130,762,544
 
 
 
 
Mid Cap Value Index Fund    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 99.5%    
Consumer Discretionary - 12.7%    
Auto Components - 1.2%    
Autoliv, Inc. 2,306 $ 133,310
Delphi Automotive PLC (I) 900 26,127
Lear Corp. 2,619 104,367
TRW Automotive Holdings Corp. (I) 2,766 106,685
 
    370,489
Distributors - 0.9%    
Genuine Parts Company (L) 4,092 257,796
Diversified Consumer Services - 0.5%    
DeVry, Inc. 1,600 43,728
H&R Block, Inc. 7,747 118,297
 
    162,025
Hotels, Restaurants & Leisure - 1.8%    
Darden Restaurants, Inc. (L) 3,353 173,451
Hyatt Hotels Corp., Class A (I) 763 28,223
International Game Technology 5,123 73,259
Royal Caribbean Cruises, Ltd. 3,758 88,501
Wyndham Worldwide Corp. 3,845 191,481
 
    554,915
Household Durables - 2.8%    
D.R. Horton, Inc. (L) 7,510 124,666
Garmin, Ltd. (L) 1,972 84,717
Harman International Industries, Inc. 1,810 70,988
Leggett & Platt, Inc. (L) 3,815 79,314
Mohawk Industries, Inc. (I) 1,498 102,014
Newell Rubbermaid, Inc. 7,582 139,509

 

116

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Mid Cap Value Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Household Durables (continued)    
NVR, Inc. (I) (L) 64 $ 51,507
Toll Brothers, Inc. (I) 2,006 54,724
Whirlpool Corp. 2,065 127,782
 
    835,221
Internet & Catalog Retail - 0.9%    
Expedia, Inc. 2,500 114,725
Liberty Interactive Corp., Series A (I) 9,372 157,075
 
    271,800
Leisure Equipment & Products - 1.3%    
Hasbro, Inc. (L) 3,012 106,685
Mattel, Inc. 8,901 277,088
 
    383,773
Media - 0.9%    
Gannett Company, Inc. (L) 6,316 82,487
Lamar Advertising Company, Class A (I) 596 14,668
The Interpublic Group of Companies, Inc. 5,839 60,667
The Washington Post Company, Class B (L) 127 44,300
Virgin Media, Inc. (L) 2,485 54,745
 
    256,867
Multiline Retail - 1.1%    
J.C. Penney Company, Inc. 4,320 113,314
Nordstrom, Inc. 4,386 207,765
 
    321,079
Specialty Retail - 1.3%    
American Eagle Outfitters, Inc. 4,574 88,324
Foot Locker, Inc. 4,000 126,960
GameStop Corp., Class A (L) 3,562 68,319
Guess?, Inc. 1,745 46,487
Williams-Sonoma, Inc. (L) 1,651 57,636
 
    387,726
 
    3,801,691
Consumer Staples - 6.6%    
Beverages - 2.2%    
Beam, Inc. 1,823 110,401
Coca-Cola Enterprises, Inc. 7,996 218,771
Constellation Brands, Inc., Class A (I) 4,654 89,776
Dr. Pepper Snapple Group, Inc. 5,622 231,964
 
    650,912
Food & Staples Retailing - 0.4%    
Safeway, Inc. (L) 7,057 134,224
Food Products - 3.7%    
Bunge, Ltd. (L) 3,842 228,599
Corn Products International, Inc. (I) 1,300 66,417
Hormel Foods Corp. (L) 2,576 77,048
McCormick & Company, Inc., Non-    
Voting Shares (L) 3,171 178,718
Ralcorp Holdings, Inc. (I) 1,409 89,542
Smithfield Foods, Inc. (I) 3,898 76,674
The J.M. Smucker Company 2,981 228,225
Tyson Foods, Inc., Class A 7,920 153,410
 
    1,098,633
Household Products - 0.3%    
Church & Dwight Company, Inc. 1,908 101,582
 
    1,985,351
Energy - 4.2%    
Energy Equipment & Services - 1.3%    
McDermott International, Inc. (I) 6,236 63,295

 

Mid Cap Value Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Energy Equipment & Services (continued)    
Nabors Industries, Ltd. (I) 7,646 $ 103,603
Patterson-UTI Energy, Inc. 4,142 62,627
Rowan Companies Plc (I) 3,290 98,700
Superior Energy Services, Inc. (I) 2,700 58,428
 
    386,653
Oil, Gas & Consumable Fuels - 2.9%    
Alpha Natural Resources, Inc. (I) 5,782 60,595
Arch Coal, Inc. (L) 5,609 35,561
Cabot Oil & Gas Corp. 1,900 61,826
Cimarex Energy Company 2,232 118,899
Energen Corp. 1,910 84,327
HollyFrontier Corp. 3,400 100,232
Kinder Morgan Management LLC (I) 1,198 85,094
Newfield Exploration Company (I) 3,568 106,897
Plains Exploration & Production Company (I) 1,231 44,057
Sunoco, Inc. 1,800 83,610
Tesoro Corp. (I) 3,685 81,512
 
    862,610
 
    1,249,263
Financials - 29.6%    
Capital Markets - 1.1%    
Ares Capital Corp. 5,901 89,046
Jefferies Group, Inc. (L) 3,450 46,092
Legg Mason, Inc. 3,360 85,512
Raymond James Financial, Inc. 3,038 103,839
 
    324,489
Commercial Banks - 4.2%    
BOK Financial Corp. 705 39,304
CIT Group, Inc. (I) 5,057 172,899
Comerica, Inc. 5,223 158,884
Commerce Bancshares, Inc. 2,045 79,223
Cullen/Frost Bankers, Inc. 1,468 83,515
First Republic Bank (I) 2,370 74,418
Huntington Bancshares, Inc. 22,759 148,844
KeyCorp 25,083 188,123
Regions Financial Corp. 37,197 233,969
Zions Bancorporation 4,887 93,000
 
    1,272,179
Consumer Finance - 0.6%    
SLM Corp. 13,409 187,324
Diversified Financial Services - 1.6%    
Leucadia National Corp. 5,471 111,171
Moody’s Corp. 3,455 126,418
NYSE Euronext 6,770 164,579
The NASDAQ OMX Group, Inc. 3,378 73,911
 
    476,079
Insurance - 9.4%    
Alleghany Corp. (I) 340 111,860
American Financial Group, Inc. 1,912 74,358
Arthur J. Gallagher & Company 3,100 107,694
Assurant, Inc. 2,300 76,774
Assured Guaranty, Ltd. 4,318 51,557
Axis Capital Holdings, Ltd. 3,064 100,806
Cincinnati Financial Corp. (L) 4,100 147,928
Erie Indemnity Company 386 27,742
Everest Re Group, Ltd. 1,420 145,010
Fidelity National Financial, Inc., Class A 5,278 99,438
Genworth Financial, Inc., Class A (I) 12,919 67,696
HCC Insurance Holdings, Inc. 2,691 84,121
Lincoln National Corp. 7,719 159,552

 

117

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Mid Cap Value Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
Markel Corp. (I) 242 $ 106,115
Old Republic International Corp. 6,478 63,938
PartnerRe, Ltd. 1,719 121,826
Principal Financial Group, Inc. 7,900 194,024
Reinsurance Group of America, Inc. 1,948 97,731
RenaissanceRe Holdings, Ltd. 1,382 106,511
Torchmark Corp. 2,679 125,002
Unum Group 7,672 153,056
Validus Holdings, Ltd. 1,753 55,009
W.R. Berkley Corp. 3,084 118,179
White Mountains Insurance Group, Ltd. 149 76,738
Willis Group Holdings PLC 4,593 161,995
XL Group PLC 8,333 170,160
 
    2,804,820
Real Estate Investment Trusts - 11.6%    
Alexandria Real Estate Equities, Inc. 1,665 113,986
American Capital Agency Corp. 7,836 256,002
AvalonBay Communities, Inc. 2,516 351,611
Camden Property Trust 2,112 137,512
Chimera Investment Corp. 27,223 76,224
DDR Corp. 5,888 81,784
Digital Realty Trust, Inc. (L) 1,853 131,137
Duke Realty Corp. 6,723 93,046
Essex Property Trust, Inc. 460 69,212
Federal Realty Investment Trust 1,094 107,518
Health Care REIT, Inc. 5,554 308,080
Hospitality Properties Trust 3,260 76,643
Host Hotels & Resorts, Inc. (L) 6,492 99,068
Kimco Realty Corp. 10,758 193,106
Liberty Property Trust 3,147 109,106
Piedmont Office Realty Trust, Inc., Class A 4,563 75,335
Plum Creek Timber Company, Inc. (L) 4,268 155,782
Rayonier, Inc. (L) 3,213 138,063
Realty Income Corp. 3,525 135,113
Regency Centers Corp. 2,339 102,472
Senior Housing Properties Trust 4,300 88,795
SL Green Realty Corp. 2,283 171,248
The Macerich Company 3,449 196,765
UDR, Inc. 7,064 182,958
Weingarten Realty Investors 1,555 39,777
 
    3,490,343
Real Estate Management & Development - 0.1%    
Jones Lang LaSalle, Inc. 424 30,740
Thrifts & Mortgage Finance - 1.0%    
Hudson City Bancorp, Inc. (L) 8,105 50,251
New York Community Bancorp, Inc. (L) 11,508 142,124
People’s United Financial, Inc. 9,603 111,683
 
    304,058
 
    8,890,032
Health Care - 4.9%    
Biotechnology - 0.2%    
Amylin Pharmaceuticals, Inc. (I) 2,000 53,020
Health Care Equipment & Supplies - 0.9%    
CareFusion Corp. (I) 5,962 144,519
Hologic, Inc. (I) 6,984 117,052
 
    261,571
Health Care Providers & Services - 1.6%    
Coventry Health Care, Inc. 3,722 113,149
Omnicare, Inc. 3,030 95,506
Quest Diagnostics, Inc. 4,200 238,980

 

Mid Cap Value Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services (continued)    
Universal Health Services, Inc., Class B 869 $ 33,674
 
    481,309
Life Sciences Tools & Services - 0.8%    
Bio-Rad Laboratories, Inc., Class A (I) 200 19,922
Covance, Inc. (I) 500 23,200
Life Technologies Corp. (I) 4,700 192,277
 
    235,399
Pharmaceuticals - 1.4%    
Endo Pharmaceuticals Holdings, Inc. (I) 2,006 65,235
Hospira, Inc. (I) 4,295 134,262
Watson Pharmaceuticals, Inc. (I) 3,372 240,390
 
    439,887
 
    1,471,186
Industrials - 11.8%    
Aerospace & Defense - 0.8%    
L-3 Communications Holdings, Inc. 2,585 176,271
Spirit Aerosystems Holdings, Inc., Class A (I) 3,136 72,348
 
    248,619
Airlines - 2.3%    
Delta Air Lines, Inc. (I) 22,236 269,056
Southwest Airlines Company 20,401 184,221
United Continental Holdings, Inc. (I) (L) 8,750 220,238
 
    673,515
Building Products - 0.3%    
Masco Corp. 3,321 42,077
Owens Corning, Inc. (I) 1,036 31,971
 
    74,048
Commercial Services & Supplies - 1.4%    
Avery Dennison Corp. 2,785 81,071
Cintas Corp. 3,108 114,685
Iron Mountain, Inc. 3,400 96,390
Pitney Bowes, Inc. (L) 5,476 74,693
R.R. Donnelley & Sons Company (L) 4,679 50,346
 
    417,185
Construction & Engineering - 1.7%    
AECOM Technology Corp. (I) 2,748 44,765
Foster Wheeler AG (I) 1,800 32,202
Jacobs Engineering Group, Inc. (I) 3,400 120,768
KBR, Inc. 3,937 100,275
Quanta Services, Inc. (I) 5,590 126,222
URS Corp. 2,167 78,380
 
    502,612
Electrical Equipment - 1.3%    
Cooper Industries PLC 4,144 292,152
Hubbell, Inc., Class B 1,404 110,804
 
    402,956
Machinery - 2.5%    
AGCO Corp. (I) 2,600 104,546
IDEX Corp. 1,100 43,703
Pall Corp. (L) 1,547 86,106
Pentair, Inc. 2,592 105,650
Snap-On, Inc. 1,500 90,765
SPX Corp. 1,384 99,413
Timken Company 2,151 102,603
Xylem, Inc. 4,900 124,117
 
    756,903

 

118

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Mid Cap Value Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Professional Services - 1.2%    
Equifax, Inc. 3,180 $ 143,641
Manpower, Inc. 2,176 78,227
Robert Half International, Inc. 1,850 52,577
Towers Watson & Company, Class A 1,533 92,379
 
    366,824
Road & Rail - 0.3%    
Hertz Global Holdings, Inc. (I) 7,350 100,034
 
    3,542,696
Information Technology - 9.7%    
Communications Equipment - 0.5%    
Harris Corp. (L) 2,988 118,863
Polycom, Inc. (I) 1,600 18,304
 
    137,167
Computers & Peripherals - 1.8%    
Lexmark International, Inc., Class A 1,820 45,518
SanDisk Corp. (I) 4,174 136,490
Seagate Technology PLC 10,600 248,358
Western Digital Corp. (I) 3,051 95,771
 
    526,137
Electronic Equipment, Instruments & Components - 1.8%  
Arrow Electronics, Inc. (I) 3,031 102,781
Avnet, Inc. (I) 3,845 117,234
Flextronics International, Ltd. (I) 11,789 75,685
Ingram Micro, Inc., Class A (I) 3,968 70,749
Jabil Circuit, Inc. 5,010 95,841
Molex, Inc. 1,721 39,703
Molex, Inc., Class A 1,879 37,091
 
    539,084
IT Services - 1.6%    
Computer Sciences Corp. 4,044 107,732
Fidelity National Information Services, Inc. 6,100 199,958
SAIC, Inc. (L) 7,244 80,481
Total Systems Services, Inc. 4,243 98,735
 
    486,906
Semiconductors & Semiconductor Equipment - 3.4%  
KLA-Tencor Corp. 4,384 200,919
Lam Research Corp. (I) (L) 2,069 77,174
Maxim Integrated Products, Inc. 7,660 192,726
Microchip Technology, Inc. (L) 5,056 156,837
NVIDIA Corp. (I) 8,023 99,726
ON Semiconductor Corp. (I) 12,212 82,309
Xilinx, Inc. 6,900 220,593
 
    1,030,284
Software - 0.6%    
Electronic Arts, Inc. (I) 5,700 77,634
Synopsys, Inc. (I) 3,886 114,831
 
    192,465
 
    2,912,043
Materials - 8.0%    
Chemicals - 3.1%    
Airgas, Inc. 1,716 148,966
Ashland, Inc. 2,070 132,335
CF Industries Holdings, Inc. 1,142 195,236
Eastman Chemical Company 3,563 165,893
Huntsman Corp. 5,171 66,189
International Flavors & Fragrances, Inc. (L) 2,097 118,229
Valspar Corp. 2,308 111,269
 
    938,117

 

Mid Cap Value Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Construction Materials - 0.5%    
Martin Marietta Materials, Inc. 1,228 $ 82,853
Vulcan Materials Company 2,223 77,027
 
    159,880
Containers & Packaging - 1.9%    
AptarGroup, Inc. 1,100 55,737
Bemis Company, Inc. 2,732 82,944
Crown Holdings, Inc. (I) 1,400 47,726
Greif, Inc., Class A 642 28,081
Owens-Illinois, Inc. (I) 4,141 80,915
Rock-Tenn Company, Class A 1,883 97,144
Sealed Air Corp. 4,765 74,572
Sonoco Products Company 2,715 83,541
 
    550,660
Metals & Mining - 1.8%    
Allegheny Technologies, Inc. 2,742 88,073
Cliffs Natural Resources, Inc. 3,701 176,834
Reliance Steel & Aluminum Company 1,999 94,373
Steel Dynamics, Inc. 5,504 58,012
Titanium Metals Corp. 2,266 26,014
United States Steel Corp. (L) 3,909 79,353
Walter Energy, Inc. 563 27,276
 
    549,935
Paper & Forest Products - 0.7%    
Domtar Corp. 971 76,816
MeadWestvaco Corp. 4,471 122,953
 
    199,769
 
    2,398,361
Telecommunication Services - 1.2%    
Diversified Telecommunication Services - 0.9%    
Frontier Communications Corp. (L) 27,010 101,017
Level 3 Communications, Inc. (I) 1,468 31,166
Windstream Corp. (L) 15,753 147,448
 
    279,631
Wireless Telecommunication Services - 0.3%    
MetroPCS Communications, Inc. (I) 4,100 26,240
Telephone & Data Systems, Inc. 2,619 51,987
United States Cellular Corp. (I) 364 13,610
 
    91,837
 
    371,468
Utilities - 10.8%    
Electric Utilities - 1.7%    
NV Energy, Inc. 6,269 108,454
OGE Energy Corp. 2,578 137,252
Pepco Holdings, Inc. (L) 5,954 113,483
Pinnacle West Capital Corp. 2,877 142,066
 
    501,255
Gas Utilities - 1.7%    
AGL Resources, Inc. 3,065 114,876
National Fuel Gas Company 1,912 82,656
ONEOK, Inc. 2,609 216,521
UGI Corp. 2,958 84,835
 
    498,888
Independent Power Producers & Energy Traders - 0.5%  
Calpine Corp. (I) 2,908 48,854
NRG Energy, Inc. (I) 6,164 94,432
 
    143,286

 

119

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Mid Cap Value Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Multi-Utilities - 6.1%    
Alliant Energy Corp. 2,908 $ 127,050
Ameren Corp. 6,345 205,006
CenterPoint Energy, Inc. 10,698 216,421
CMS Energy Corp. 6,903 160,840
DTE Energy Company 4,454 253,120
Integrys Energy Group, Inc. 2,123 114,854
MDU Resources Group, Inc. 4,719 106,035
NiSource, Inc. 7,476 187,572
SCANA Corp. (L) 3,256 152,868
TECO Energy, Inc. 5,562 96,778
Wisconsin Energy Corp. (L) 6,033 228,288
 
    1,848,832
Water Utilities - 0.8%    
American Water Works Company, Inc. 4,676 159,965
Aqua America, Inc. 3,688 85,193
 
    245,158
 
    3,237,419
TOTAL COMMON STOCKS (Cost $28,107,042) $ 29,859,510
 
SECURITIES LENDING COLLATERAL - 13.7%    
John Hancock Collateral    
Investment Trust, 0.3309% (W) (Y) 412,417 4,127,137
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $4,125,955) $ 4,127,137
 
SHORT-TERM INVESTMENTS - 1.2%    
Money Market Funds - 1.0%    
AIM Short-Term Investment Trust, STIC    
Prime Portfolio, Institutional    
Class, 0.080% (Y) 305,375 305,375
U.S. Government - 0.2%    
U.S. Treasury Bill    
0.046%, 06/14/2012 * $ 30,000 $ 29,999
0.085%, 08/09/2012 * 20,000 19,997
 
    49,996
TOTAL SHORT-TERM INVESTMENTS (Cost $355,371) $ 355,371
Total Investments (Mid Cap Value Index Fund)    
(Cost $32,588,368) - 114.4% $ 34,342,018
Other assets and liabilities, net - (14.4%)   (4,328,304)
 
TOTAL NET ASSETS - 100.0% $ 30,013,714
 
 
 
 
Mid Value Fund    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 91.2%    
Consumer Discretionary - 12.2%    
Auto Components - 0.6%    
Visteon Corp. (I) 76,900 $ 3,076,000
Diversified Consumer Services - 1.3%    
Career Education Corp. (I) 74,900 489,846
H&R Block, Inc. (L) 112,000 1,710,240
Strayer Education, Inc. (L) 28,300 2,542,755
Weight Watchers International, Inc. (L) 24,532 1,391,946
 
    6,134,787

 

Mid Value Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure - 1.3%    
International Game Technology 282,900 $ 4,045,470
WMS Industries, Inc. (I) 104,500 2,145,385
 
    6,190,855
Leisure Equipment & Products - 1.7%    
Hasbro, Inc. (L) 40,400 1,430,968
Mattel, Inc. 156,300 4,865,619
Sankyo Company, Ltd. 33,900 1,631,238
 
    7,927,825
Media - 4.9%    
Cablevision Systems Corp., Class A (L) 191,400 2,189,616
Charter Communications, Inc., Class A (I) 80,535 5,049,545
DISH Network Corp. 121,300 3,401,252
DreamWorks Animation SKG, Inc. (I) (L) 240,700 4,282,053
Meredith Corp. (L) 84,000 2,485,560
Scholastic Corp. (L) 48,800 1,315,160
The Washington Post Company, Class B (L) 12,000 4,185,840
 
    22,909,026
Multiline Retail - 0.5%    
J.C. Penney Company, Inc. (L) 82,500 2,163,975
Specialty Retail - 1.9%    
CarMax, Inc. (I) (L) 64,900 1,830,829
The Gap, Inc. (L) 264,300 7,003,950
 
    8,834,779
 
    57,237,247
Consumer Staples - 9.3%    
Beverages - 1.5%    
Beam, Inc. 82,700 5,008,312
Brown Forman Corp., Class B 25,600 2,231,808
 
    7,240,120
Food & Staples Retailing - 2.5%    
Sysco Corp. (L) 182,100 5,082,411
The Kroger Company 312,800 6,884,728
 
    11,967,139
Food Products - 3.7%    
Campbell Soup Company (L) 101,400 3,214,380
Flowers Foods, Inc. (L) 203,600 4,483,272
Kellogg Company 91,200 4,448,736
McCormick & Company, Inc., Non    
Voting Shares (L) 55,900 3,150,524
Tootsie Roll Industries, Inc. (L) 85,087 1,901,694
 
    17,198,606
Household Products - 0.7%    
Clorox Company 49,500 3,405,600
Personal Products - 0.9%    
Avon Products, Inc. 245,500 4,063,025
 
    43,874,490
Energy - 7.5%    
Energy Equipment & Services - 0.9%    
Exterran Holdings, Inc. (I) 344,400 3,974,376
Oil, Gas & Consumable Fuels - 6.6%    
CONSOL Energy, Inc. (L) 80,100 2,249,208
EQT Corp. 3,900 180,882
Hess Corp. 134,300 5,868,910
Murphy Oil Corp. 114,000 5,314,680
Nexen, Inc. 566,600 8,855,958
QEP Resources, Inc. 201,800 5,311,376

 

120

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Mid Value Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Valero Energy Corp. 158,200 $ 3,338,020
 
    31,119,034
 
    35,093,410
Financials - 26.2%    
Capital Markets - 6.3%    
E*TRADE Financial Corp. (I) 752,710 6,390,508
Federated Investors, Inc., Class B (L) 27,300 548,457
Greenhill & Company, Inc. (L) 54,000 1,882,980
Janus Capital Group, Inc. (L) 509,700 3,720,810
Lazard, Ltd., Class A 146,400 3,375,984
Legg Mason, Inc. 145,800 3,710,610
Northern Trust Corp. 233,700 10,091,166
 
    29,720,515
Commercial Banks - 4.8%    
CIT Group, Inc. (I) 242,000 8,273,980
Commerce Bancshares, Inc. (L) 49,063 1,900,701
First Horizon National Corp. 334,558 2,837,052
M&T Bank Corp. (L) 30,400 2,472,128
SunTrust Banks, Inc. 132,200 3,030,024
Westamerica Bancorp. (L) 87,200 3,898,712
 
    22,412,597
Consumer Finance - 0.3%    
Discover Financial Services 36,900 1,221,759
Insurance - 9.2%    
Axis Capital Holdings, Ltd. 63,300 2,082,570
CNA Financial Corp. 49,200 1,399,740
Fidelity National Financial, Inc., Class A 325,700 6,136,188
First American Financial Corp. 380,300 5,993,528
Kemper Corp. 112,000 3,280,480
Loews Corp. 119,900 4,662,911
Marsh & McLennan Companies, Inc. (L) 217,400 6,952,452
OneBeacon Insurance Group, Ltd. (L) 39,500 516,265
The Progressive Corp. 220,000 4,780,600
White Mountains Insurance Group, Ltd. 14,200 7,313,284
 
    43,118,018
Real Estate Investment Trusts - 3.7%    
Cousins Properties, Inc. 220,748 1,598,216
General Growth Properties, Inc. 191,847 3,213,437
Prologis, Inc. 88,281 2,823,226
Weingarten Realty Investors (L) 91,900 2,350,802
Weyerhaeuser Company 362,097 7,209,351
 
    17,195,032
Real Estate Management & Development - 0.8%    
Forest City Enterprises, Inc., Class A (I) (L) 114,000 1,526,460
The St. Joe Company (I) (L) 156,200 2,494,514
 
    4,020,974
Thrifts & Mortgage Finance - 1.1%    
BankUnited, Inc. 94,300 2,224,537
Capitol Federal Financial, Inc. 266,812 3,108,360
 
    5,332,897
 
    123,021,792
Health Care - 6.1%    
Biotechnology - 0.1%    
Dendreon Corp. (I) (L) 64,000 448,000
Health Care Equipment & Supplies - 0.8%    
Wright Medical Group, Inc. (I) (L) 115,400 2,283,766
Zimmer Holdings, Inc. 24,700 1,498,055
 
    3,781,821

 

Mid Value Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services - 3.3%    
HealthSouth Corp. (I) (L) 282,300 $ 5,403,222
Kindred Healthcare, Inc. (I) (L) 154,700 1,279,369
Quest Diagnostics, Inc. 71,800 4,085,420
Select Medical Holdings Corp. (I) 240,600 2,223,144
Tenet Healthcare Corp. (I) (L) 528,200 2,487,822
 
    15,478,977
Pharmaceuticals - 1.9%    
Forest Laboratories, Inc. (I) 79,300 2,775,500
Hospira, Inc. (I) (L) 189,800 5,933,148
 
    8,708,648
 
    28,417,446
Industrials - 9.4%    
Aerospace & Defense - 3.0%    
Raytheon Company 98,000 4,931,360
Textron, Inc. 389,700 9,208,611
 
    14,139,971
Airlines - 2.5%    
Delta Air Lines, Inc. (I) 303,100 3,667,510
Southwest Airlines Company 910,000 8,217,300
 
    11,884,810
Building Products - 0.2%    
Fortune Brands Home & Security, Inc. (I) 43,700 988,494
Commercial Services & Supplies - 1.0%    
ACCO Brands Corp. (I) 32,062 292,405
Cintas Corp. (L) 122,000 4,501,800
 
    4,794,205
Electrical Equipment - 0.5%    
The Babcock & Wilcox Company (I) 99,800 2,460,070
Machinery - 1.1%    
Ingersoll-Rand PLC 123,400 5,097,654
Professional Services - 1.1%    
Manpower, Inc. 139,200 5,004,240
 
    44,369,444
Information Technology - 5.8%    
Communications Equipment - 0.5%    
Nokia OYJ, ADR (L) 538,200 1,436,994
Tellabs, Inc. 280,400 1,026,264
 
    2,463,258
Electronic Equipment, Instruments & Components - 1.4%  
AVX Corp. 167,300 1,820,224
Molex, Inc., Class A 240,700 4,751,418
 
    6,571,642
IT Services - 2.6%    
Automatic Data Processing, Inc. 3,900 203,385
CoreLogic, Inc. (I) 291,200 4,947,488
Lender Processing Services, Inc. 201,700 4,655,236
Paychex, Inc. (L) 58,200 1,744,254
SAIC, Inc. (L) 74,800 831,028
 
    12,381,391
Semiconductors & Semiconductor Equipment - 1.1%  
ASML Holding NV (L) 51,100 2,340,891
Marvell Technology Group, Ltd. (I) 125,100 1,567,503
NVIDIA Corp. (I) 85,900 1,067,737
 
    4,976,131

 

121

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Mid Value Fund (continued)    
Shares or   
Principal   
  Amount Value
 
COMMON STOCKS (continued)    
Software - 0.2%    
Electronic Arts, Inc. (I) 66,200 $ 901,644
 
    27,294,066
Materials - 6.3%    
Chemicals - 1.4%    
Ecolab, Inc. 41,806 2,642,557
International Flavors & Fragrances, Inc. (L) 69,600 3,924,048
 
    6,566,605
Construction Materials - 1.1%    
Vulcan Materials Company 149,100 5,166,315
Containers & Packaging - 0.9%    
Packaging Corp. of America 163,500 4,386,706
Metals & Mining - 2.1%    
Agnico Eagle Mines, Ltd. (L) 69,200 2,583,928
AngloGold Ashanti, Ltd., ADR (L) 149,600 5,394,576
Franco-Nevada Corp. 45,900 1,930,035
 
    9,908,539
Paper & Forest Products - 0.8%    
MeadWestvaco Corp. 131,600 3,619,000
 
    29,647,165
Telecommunication Services - 1.0%    
Diversified Telecommunication Services - 0.0%    
Hellenic Telecommunications    
Organization SA, ADR (L) 122,500 96,775
Wireless Telecommunication Services - 1.0%    
Telephone & Data Systems, Inc. 232,242 4,610,004
 
    4,706,779
Utilities - 7.4%    
Electric Utilities - 4.2%    
American Electric Power Company, Inc. 93,400 3,596,834
Duke Energy Corp. (L) 70,200 1,542,996
FirstEnergy Corp. 129,454 6,057,153
Pepco Holdings, Inc. (L) 87,700 1,671,562
Pinnacle West Capital Corp. 13,100 646,878
PPL Corp. 231,500 6,336,155
 
    19,851,578
Independent Power Producers & Energy Traders - 2.4%  
Calpine Corp. (I) 294,400 4,945,920
GenOn Energy, Inc. (I) 2,046,284 3,519,608
NRG Energy, Inc. (I) 131,300 2,011,516
The AES Corp. (I) 74,600 901,914
 
    11,378,958
Multi-Utilities - 0.8%    
NiSource, Inc. 141,400 3,547,726
 
    34,778,262
TOTAL COMMON STOCKS (Cost $414,869,244) $ 428,440,101
PREFERRED SECURITIES - 0.2%    
Financials - 0.1%    
Insurance - 0.1%    
Assured Guaranty, Ltd., 8.500% 10,250 474,216
Utilities - 0.1%    
Electric Utilities - 0.1%    
PPL Corp., 9.500% 8,300 442,888
TOTAL PREFERRED SECURITIES (Cost $773,359) $ 917,104

 

Mid Value Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
CONVERTIBLE BONDS - 0.2%    
Financials - 0.1%    
Janus Capital Group, Inc. 3.250%, 07/15/2014 $ 392,000 $ 404,250
Materials - 0.1%    
Alcoa, Inc. 5.250%, 03/15/2014 274,000 404,493
TOTAL CONVERTIBLE BONDS (Cost $851,861) $ 808,743
 
SECURITIES LENDING COLLATERAL - 14.7%    
John Hancock Collateral    
Investment Trust, 0.3309% (W) (Y) 6,904,445 69,094,161
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $69,081,762) $ 69,094,161
 
SHORT-TERM INVESTMENTS - 8.0%    
Money Market Funds - 8.0%    
State Street Institutional U.S. Government    
Money Market Fund, 0.0317% (Y) 1,506,922 1,506,922
T. Rowe Price Reserve Investment    
Fund, 0.1100% (Y) 35,966,610 35,966,610
 
    37,473,532
TOTAL SHORT-TERM INVESTMENTS (Cost $37,473,532) $ 37,473,532
Total Investments (Mid Value Fund)    
(Cost $523,049,758) - 114.3% $ 536,733,641
Other assets and liabilities, net - (14.3%)   (67,027,627)
 
TOTAL NET ASSETS - 100.0% $ 469,706,014
 
 
 
 
 
Mutual Shares Fund    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 87.5%    
Consumer Discretionary - 8.7%    
Automobiles - 0.8%    
General Motors Company (I) 157,690 $ 3,500,718
Leisure Equipment & Products - 0.7%    
Mattel, Inc. 88,683 2,760,702
Media - 6.5%    
British Sky Broadcasting Group PLC 335,844 3,569,650
CBS Corp., Class B 113,120 3,610,790
Comcast Corp., Special Class A 29,177 837,963
News Corp., Class A 50,619 971,885
News Corp., Class B 248,918 4,829,009
Reed Elsevier PLC 562,708 4,150,267
Time Warner Cable, Inc. 91,279 6,882,437
Viacom, Inc., Class B 51,694 2,467,355
 
    27,319,356
Multiline Retail - 0.7%    
Kohl’s Corp. 58,180 2,665,808
 
    36,246,584
Consumer Staples - 20.7%    
Beverages - 4.0%    
Coca-Cola Enterprises, Inc. 97,805 2,675,945
Dr. Pepper Snapple Group, Inc. 104,188 4,298,797
PepsiCo, Inc. 51,163 3,471,410
Pernod-Ricard SA 64,070 6,282,561
 
    16,728,713

 

122

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Mutual Shares Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food & Staples Retailing - 4.7%    
CVS Caremark Corp. 251,587 $ 11,306,320
The Kroger Company 231,309 5,091,111
Wal-Mart Stores, Inc. (L) 52,669 3,466,674
 
    19,864,105
Food Products - 3.4%    
General Mills, Inc. (L) 106,725 4,085,433
Kraft Foods, Inc., Class A 260,663 9,975,573
 
    14,061,006
Personal Products - 0.2%    
Avon Products, Inc. 49,829 824,670
Tobacco - 8.4%    
Altria Group, Inc. 207,463 6,678,234
British American Tobacco PLC 254,601 11,986,436
Imperial Tobacco Group PLC 198,182 7,156,744
Lorillard, Inc. 29,768 3,679,325
Philip Morris International, Inc. 37,241 3,147,237
Reynolds American, Inc. (L) 56,586 2,367,558
 
    35,015,534
 
    86,494,028
Energy - 10.4%    
Energy Equipment & Services - 2.5%    
Baker Hughes, Inc. 122,510 5,112,342
Ensco PLC 37,618 1,689,424
Transocean, Ltd. 89,998 3,674,618
 
    10,476,384
Oil, Gas & Consumable Fuels - 7.9%    
Apache Corp. 68,640 5,585,923
BP PLC 370,780 2,253,750
CONSOL Energy, Inc. 155,190 4,357,735
Marathon Oil Corp. 277,628 6,915,713
Marathon Petroleum Corp. 78,612 2,835,535
Murphy Oil Corp. 55,130 2,570,161
Royal Dutch Shell PLC 220,992 6,859,252
The Williams Companies, Inc. 34,883 1,064,978
WPX Energy, Inc. (I) 34,882 511,719
 
    32,954,766
 
    43,431,150
Financials - 12.8%    
Capital Markets - 1.3%    
Morgan Stanley 229,136 3,061,257
UBS AG Swiss Exchange (I) 192,531 2,187,547
 
    5,248,804
Commercial Banks - 2.8%    
CIT Group, Inc. (I) 31,784 1,086,695
KB Financial Group, Inc. 32,397 1,015,231
PNC Financial Services Group, Inc. 120,362 7,392,634
Wells Fargo & Company 73,371 2,351,541
 
    11,846,101
Diversified Financial Services - 2.5%    
Citigroup, Inc. 82,709 2,192,616
Deutsche Boerse AG 40,259 1,924,053
ING Groep NV, ADR (I) 335,014 1,958,529
JPMorgan Chase & Company 74,920 2,483,598
NYSE Euronext 75,898 1,845,080
 
    10,403,876
Insurance - 6.1%    
ACE, Ltd. 81,999 5,930,988
Alleghany Corp. (I) 13,240 4,355,960

 

Mutual Shares Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
American International Group, Inc. (I) 191,444 $ 5,586,336
MetLife, Inc. 81,660 2,385,289
White Mountains Insurance Group, Ltd. 9,814 5,054,406
Zurich Financial Services AG (I) 11,538 2,371,552
 
    25,684,531
Real Estate Management & Development - 0.1%    
Forestar Group, Inc. (I) 37,350 503,852
 
    53,687,164
Health Care - 13.3%    
Biotechnology - 0.9%    
Amgen, Inc. 51,676 3,592,516
Health Care Equipment & Supplies - 2.1%    
Boston Scientific Corp. (I) 485,478 2,786,644
Medtronic, Inc. 161,620 5,954,081
 
    8,740,725
Health Care Providers & Services - 3.5%    
CIGNA Corp. 112,916 4,958,142
Community Health Systems, Inc. (I) 99,543 2,190,941
Coventry Health Care, Inc. 112,185 3,410,424
Tenet Healthcare Corp. (I) 522,783 2,462,308
UnitedHealth Group, Inc. 32,613 1,818,827
 
    14,840,642
Pharmaceuticals - 6.8%    
Eli Lilly & Company 84,649 3,466,377
Hospira, Inc. (I) 58,314 1,822,896
Merck & Company, Inc. 313,000 11,762,540
Pfizer, Inc. 404,981 8,856,934
Teva Pharmaceutical Industries, Ltd., ADR 63,750 2,498,363
 
    28,407,110
 
    55,580,993
Industrials - 5.1%    
Aerospace & Defense - 2.2%    
Goodrich Corp. 19,060 2,397,176
Huntington Ingalls Industries, Inc. (I) 67,286 2,474,779
Raytheon Company 85,432 4,298,938
 
    9,170,893
Building Products - 0.8%    
Owens Corning, Inc. (I) 115,920 3,577,291
Commercial Services & Supplies - 0.0%    
ACCO Brands Corp. (I) 9,709 88,546
Machinery - 1.1%    
Oshkosh Corp. (I) 89,900 1,840,253
Stanley Black & Decker, Inc. 40,371 2,674,579
 
    4,514,832
Marine - 1.0%    
AP Moller - Maersk A/S, Series A 663 4,136,475
 
    21,488,037
Information Technology - 7.8%    
Communications Equipment - 1.3%    
Cisco Systems, Inc. 284,280 4,642,292
Research In Motion, Ltd. (I)(L) 92,560 956,145
 
    5,598,437
Electronic Equipment, Instruments & Components - 0.9%  
TE Connectivity, Ltd. 115,663 3,634,131
Internet Software & Services - 0.8%    
Google, Inc., Class A (I) 5,497 3,192,987

 

123

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Mutual Shares Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Office Electronics - 1.4%      
Xerox Corp.   837,573 $ 6,047,277
Software - 3.4%      
Microsoft Corp.   347,331 10,138,592
Nintendo Company, Ltd.   10,800 1,251,530
Symantec Corp. (I)   203,973 3,026,959
 
      14,417,081
 
 
      32,889,913
Materials - 3.8%      
Chemicals - 0.6%      
Linde AG   16,449 2,527,840
Metals & Mining - 0.5%      
ThyssenKrupp AG   132,100 2,181,665
Paper & Forest Products - 2.7%      
Domtar Corp. (L)   19,746 1,562,106
International Paper Company   198,114 5,784,929
MeadWestvaco Corp.   135,816 3,734,940
 
      11,081,975
 
      15,791,480
Telecommunication Services - 1.9%      
Wireless Telecommunication Services - 1.9%    
Vodafone Group PLC   2,921,504 7,825,670
Utilities - 3.0%      
Electric Utilities - 2.1%      
E.ON AG   172,541 3,159,963
Entergy Corp.   28,564 1,843,235
Exelon Corp.   100,539 3,717,932
 
      8,721,130
Independent Power Producers & Energy Traders - 0.5%  
NRG Energy, Inc. (I)   139,938 2,143,850
Multi-Utilities - 0.4%      
GDF Suez   88,686 1,762,362
 
      12,627,342
TOTAL COMMON STOCKS (Cost $363,852,302) $ 366,062,361
CORPORATE BONDS - 1.6%      
Consumer Discretionary - 0.6%      
Clear Channel Communications, Inc.      
9.000%, 03/01/2021 $ 258,000 $ 221,880
Clear Channel Communications, Inc., PIK      
11.000%, 08/01/2016   3,762,000 2,407,680
 
      2,629,560
Financials - 0.1%      
Capmark Financial Group, Inc.      
9.000%, 09/30/2015   309,402 310,562
Utilities - 0.9%      
NRG Energy, Inc. 7.375%, 01/15/2017   1,220,000 1,259,650
Texas Competitive Electric Holdings      
Company LLC 11.500%, 10/01/2020 (S)   3,500,000 2,345,000
 
      3,604,650
TOTAL CORPORATE BONDS (Cost $7,286,150) $ 6,544,772
CONVERTIBLE BONDS - 0.3%      
Financials - 0.3%      
iStar Financial, Inc. 0.9682%, 10/01/2012 (P)  $ 1,382,000 $ 1,373,431
TOTAL CONVERTIBLE BONDS (Cost $1,337,179) $ 1,373,431

 

Mutual Shares Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
TERM LOANS (M) - 3.0%      
Consumer Discretionary - 1.1%      
Clear Channel Communications, Inc.      
3.889%, 01/28/2016 $ 2,561,110 $ 1,987,820
3.889%, 01/29/2016   355,320 271,820
Tribune Company      
- 06/04/2014 (H)   3,325,000 2,150,670
- 06/04/2014 (H)   275,000 175,427
Financials - 0.9%      
iStar Financial, Inc.      
5.000%, 06/28/2013   155,822 155,092
5.250%, 03/18/2016   69,297 68,604
7.000%, 06/30/2014   161,000 160,530
7.000%, 03/17/2017   237,000 237,395
Realogy Corp.      
13.500%, 10/15/2017   3,275,000 3,330,266
 
      3,951,887
Utilities - 1.0%      
Texas Competitive Electric Holdings      
Company LLC      
4.739%, 10/10/2017   7,000,000 4,069,625
TOTAL TERM LOANS (Cost $12,832,169)   $ 12,607,249
 
SECURITIES LENDING COLLATERAL - 2.2%    
John Hancock Collateral      
Investment Trust, 0.3309% (W)(Y)   911,871 $ 9,125,271
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $9,125,510)   $ 9,125,271
 
SHORT-TERM INVESTMENTS - 4.7%      
U.S. Government* - 4.2%      
U.S. Treasury Bill      
0.040%, 06/07/2012 $ 3,000,000 $ 2,999,991
0.050%, 07/12/2012   2,000,000 1,999,892
0.075%, 08/09/2012   3,000,000 2,999,640
0.095%, 09/20/2012   3,000,000 2,999,214
0.106%, 07/05/2012   2,000,000 1,999,944
0.130%, 11/23/2012   500,000 499,703
0.135%, 10/11/2012   4,000,000 3,998,424
 
      17,496,808
U.S. Government Agency* - 0.5%      
Federal Home Loan Bank Discount Notes,      
0.015%, 06/01/2012   2,400,000 2,400,000
TOTAL SHORT-TERM INVESTMENTS (Cost $19,896,060) $ 19,896,808
Total Investments (Mutual Shares Fund)      
(Cost $414,329,370) - 99.3%   $ 415,609,892
Other assets and liabilities, net - 0.7%     2,821,326
 
TOTAL NET ASSETS - 100.0%   $ 418,431,218
 
 
 
 
Real Estate Equity Fund      
    Shares or  
    Principal  
    Amount Value
 
 
 
COMMON STOCKS - 94.2%      
Consumer Discretionary - 3.5%      
Hotels, Restaurants & Leisure - 3.5%      
Marriott International, Inc., Class A (L)   97,473 $ 3,773,180

 

124

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Real Estate Equity Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
Starwood Hotels & Resorts Worldwide, Inc. 52,100 $ 2,753,485
 
    6,526,665
 
    6,526,665
Financials - 90.7%    
Real Estate Investment Trusts - 90.3%    
Diversified REITs - 5.6%    
PS Business Parks, Inc. 25,300 1,667,017
Vornado Realty Trust 87,174 7,141,294
Washington Real Estate Investment Trust (L) 54,800 1,542,072
 
    10,350,383
Industrial REITs - 7.3%    
DCT Industrial Trust, Inc. (L) 366,300 2,131,866
EastGroup Properties, Inc. 43,800 2,171,166
Prologis, Inc. 267,144 8,543,265
Terreno Realty Corp. 44,700 635,634
 
    13,481,931
Office REITs - 16.0%    
Alexandria Real Estate Equities, Inc. 26,800 1,834,728
BioMed Realty Trust, Inc. 140,400 2,534,220
Boston Properties, Inc. 62,050 6,386,807
Douglas Emmett, Inc. (L) 208,600 4,464,040
Highwoods Properties, Inc. (L) 100,200 3,232,452
Kilroy Realty Corp. (L) 120,700 5,541,337
SL Green Realty Corp. (L) 76,200 5,715,762
 
    29,709,346
Residential REITs - 18.1%    
AvalonBay Communities, Inc. 59,016 8,247,486
BRE Properties, Inc. 98,040 4,826,509
Camden Property Trust 76,900 5,006,959
Equity Residential 142,750 8,722,025
Essex Property Trust, Inc. (L) 34,500 5,190,870
Post Properties, Inc. 30,400 1,471,664
 
    33,465,513
Retail REITs - 32.4%    
Acadia Realty Trust 40,500 905,985
CBL & Associates Properties, Inc. (L) 168,414 2,940,508
Equity One, Inc. 74,100 1,471,626
Federal Realty Investment Trust 70,480 6,926,774
General Growth Properties, Inc. 294,294 4,929,425
Kimco Realty Corp. 257,500 4,622,125
Regency Centers Corp. 109,550 4,799,386
Simon Property Group, Inc. 131,800 19,443,136
Taubman Centers, Inc. (L) 44,500 3,248,500
The Macerich Company (L) 136,212 7,770,895
Weingarten Realty Investors (L) 118,200 3,023,556
 
    60,081,916
Specialized REITs - 10.9%    
Healthcare Realty Trust, Inc. 152,400 3,334,512
Host Hotels & Resorts, Inc. (L) 378,562 5,776,856
Plum Creek Timber Company, Inc. (L) 67,300 2,456,450
Public Storage 65,200 8,702,244
 
    20,270,062
 
    167,359,151
Real Estate Management & Development - 0.4%    
Forest City Enterprises, Inc., Class A (I)(L) 52,141 698,167
 
    168,057,318
TOTAL COMMON STOCKS (Cost $79,453,582) $ 174,583,983

 

Real Estate Equity Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CONVERTIBLE BONDS - 1.1%      
Financials - 1.1%      
Forest City Enterprises, Inc.      
4.250%, 08/15/2018 (S) $ 2,173,000 $ 2,077,931
TOTAL CONVERTIBLE BONDS (Cost $2,117,907) $ 2,077,931
 
SECURITIES LENDING COLLATERAL - 18.3%    
John Hancock Collateral      
Investment Trust, 0.3309% (W)(Y)   3,395,500 33,979,451
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $33,970,147)   $ 33,979,451
 
SHORT-TERM INVESTMENTS - 5.3%      
Money Market Funds - 5.3%      
State Street Institutional US Government      
Money Market Fund, 0.0164% (Y)   525,114 525,114
T. Rowe Price Reserve Investment      
Fund, 0.1100% (Y)   9,217,576 9,217,576
 
      9,742,690
TOTAL SHORT-TERM INVESTMENTS (Cost $9,742,690) $ 9,742,690
Total Investments (Real Estate Equity Fund)    
(Cost $125,284,326) - 118.9%   $ 220,384,055
Other assets and liabilities, net - (18.9%)     (35,086,195)
 
TOTAL NET ASSETS - 100.0%   $ 185,297,860
 
 
 
 
Real Estate Securities Fund    
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS - 98.9%      
Financials - 98.9%      
Real Estate Investment Trusts - 98.9%      
Diversified REITs - 5.9%      
Duke Realty Corp.   832,300 $ 11,519,032
PS Business Parks, Inc.   68,000 4,480,520
Vornado Realty Trust (L)   70,900 5,808,128
Washington Real Estate Investment Trust   263,750 7,421,925
 
      29,229,605
Industrial REITs - 2.2%      
First Potomac Realty Trust   49,650 595,800
Prologis, Inc.   328,367 10,501,177
 
      11,096,977
Office REITs - 14.8%      
Boston Properties, Inc.   301,514 31,034,836
Douglas Emmett, Inc.   687,950 14,722,130
DuPont Fabros Technology, Inc. (L)   270,200 6,887,398
Kilroy Realty Corp. (L)   150,650 6,916,342
SL Green Realty Corp. (L)   185,800 13,936,858
 
      73,497,564
Residential REITs - 20.4%      
Apartment Investment & Management      
Company, Class A   393,150 10,642,571
AvalonBay Communities, Inc. (L)   47,074 6,578,592
BRE Properties, Inc.   308,220 15,173,671
Camden Property Trust   288,550 18,787,491
Colonial Properties Trust   241,250 5,116,913
Equity Lifestyle Properties, Inc.   105,122 6,923,335
Equity Residential   304,300 18,592,730

 

125

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Real Estate Securities Fund (continued)  
    Shares or   
     Principal  
     Amount Value
 
 
COMMON STOCKS (continued)      
Residential REITs (continued)      
Home Properties, Inc.    148,950 $ 8,928,063
UDR, Inc.   412,200 10,675,980
 
      101,419,346
Retail REITs - 28.6%      
Alexander’s, Inc.   10,980 4,294,717
DDR Corp.   854,650 11,871,089
Federal Realty Investment Trust   176,500 17,346,420
General Growth Properties, Inc.   280,250 4,694,188
Glimcher Realty Trust   1,109,700 10,209,240
Kimco Realty Corp.   745,650 13,384,418
Pennsylvania Real Estate Investment Trust   43,200 547,776
Retail Properties Of America, Inc.   430,050 3,934,958
Simon Property Group, Inc.   447,647 66,036,885
Taubman Centers, Inc. (L)   132,300 9,657,900
 
      141,977,591
Specialized REITs - 27.0%      
Chesapeake Lodging Trust   137,350 2,479,168
CubeSmart   462,650 5,232,571
Entertainment Properties Trust (L)   125,911 5,196,346
Extra Space Storage, Inc.   169,450 4,805,601
Health Care REIT, Inc.   613,687 34,041,217
Healthcare Realty Trust, Inc.   462,850 10,127,157
Host Hotels & Resorts, Inc. (L)   258,126 3,939,003
LaSalle Hotel Properties   262,700 7,245,266
LTC Properties, Inc.   150,650 4,861,476
Pebblebrook Hotel Trust   275,850 6,054,907
Public Storage   122,576 16,360,218
Senior Housing Properties Trust   402,273 8,306,937
Strategic Hotels & Resorts, Inc. (I)   1,082,650 6,744,910
Sunstone Hotel Investors, Inc. (I)   434,250 4,346,842
Ventas, Inc.   238,950 14,055,039
 
      133,796,658
TOTAL COMMON STOCKS (Cost $400,171,010) $ 491,017,741
 
SECURITIES LENDING COLLATERAL - 3.9%    
John Hancock Collateral      
Investment Trust, 0.3309% (W)(Y)   1,960,060 19,614,708
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $19,608,940)   $ 19,614,708
 
SHORT-TERM INVESTMENTS - 1.7%      
Repurchase Agreement - 1.7%      
Repurchase Agreement with State Street Corp.    
dated 05/31/2012 at 0.010% to be      
repurchased at $8,277,002 on 06/01/2012,    
collateralized by $8,435,000 Federal Home    
Loan Bank, 0.280% due 08/02/2013 (valued    
at $8,442,912, including interest) $ 8,277,000 $ 8,277,000
TOTAL SHORT-TERM INVESTMENTS (Cost $8,277,000) $ 8,277,000
Total Investments (Real Estate Securities Fund)    
(Cost $428,056,950) - 104.5%   $ 518,909,449
Other assets and liabilities, net - (4.5%)     (22,331,401)
 
TOTAL NET ASSETS - 100.0%   $ 496,578,048
 

 

Real Return Bond Fund      
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 89.0%      
U.S. Government - 89.0%      
Treasury Inflation Protected Securities      
0.125%, 04/15/2016 to 01/15/2022 $ 77,211,756 $ 81,709,034
0.500%, 04/15/2015   7,301,925 7,622,523
0.625%, 07/15/2021 (F)   44,571,216 50,048,617
0.750%, 02/15/2042   2,435,856 2,607,698
1.125%, 01/15/2021   17,507,946 20,342,045
1.250%, 07/15/2020 (D)   19,033,779 22,339,413
1.375%, 07/15/2018 to 01/15/2020   31,556,149 36,634,687
1.625%, 01/15/2015 to 01/15/2018   18,655,056 20,852,421
1.750%, 01/15/2028   22,003,470 27,982,231
1.875%, 07/15/2013 (D)   45,201,854 46,663,863
1.875%, 07/15/2019   10,955,616 13,260,579
2.000%, 01/15/2014 (D)   32,894,525 34,423,594
2.000%, 07/15/2014 to 01/15/2026   42,298,768 50,757,620
2.125%, 02/15/2040 to 02/15/2041   4,529,234 6,576,605
2.375%, 01/15/2017 to 01/15/2027 (F)   22,460,095 29,146,211
2.375%, 01/15/2025   13,018,262 17,378,364
2.500%, 01/15/2029   18,372,524 25,890,910
2.625%, 07/15/2017   10,733,341 12,851,501
3.375%, 04/15/2032   10,077,912 16,524,631
3.625%, 04/15/2028   20,985,364 32,863,416
3.875%, 04/15/2029   51,951,130 85,130,862
 
      641,606,825
U.S. Government Agency - 0.0%      
Federal National Mortgage Association      
1.358%, 10/01/2044 (P)   50,223 50,249
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $609,406,332)   $ 641,657,074
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 3.5%      
Australia - 2.3%      
Commonwealth of Australia      
3.000%, 09/20/2025 AUD 4,600,000 6,338,264
New South Wales Treasury Corp.      
2.750%, 11/20/2025   8,100,000 10,125,582
 
      16,463,846
Canada - 0.7%      
Government of Canada      
2.750%, 09/01/2016 CAD 3,000,000 3,083,536
3.000%, 12/01/2036   413,522 664,545
4.250%, 12/01/2021   878,826 1,224,622
 
      4,972,703
United Kingdom - 0.5%      
Government of United Kingdom      
0.375%, 03/22/2062 GBP 336,956 615,547
1.875%, 11/22/2022   1,521,949 3,048,847
 
      3,664,394
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $22,793,716)   $ 25,100,943
 
CORPORATE BONDS - 8.8%      
Consumer Discretionary - 0.6%      
Ford Motor Credit Company LLC      
7.800%, 06/01/2012 $ 450,000 450,000
Hyundai Capital Services, Inc.      
4.375%, 07/27/2016 (S)   1,000,000 1,056,297
Pearson Dollar Finance PLC      
5.700%, 06/01/2014 (S)   2,500,000 2,702,360
 
      4,208,657

 

126

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Real Return Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy - 0.3%      
AK Transneft OJSC      
7.700%, 08/07/2013 (S) $ 1,300,000 $ 1,378,062
Gazprom OAO      
5.092%, 11/29/2015 (S)   200,000 207,760
7.343%, 04/11/2013 (S)   300,000 311,436
8.146%, 04/11/2018 (S)   400,000 469,104
 
      2,366,362
Financials - 6.6%      
American Express Bank FSB      
0.389%, 06/12/2012 (P)   700,000 700,020
American Express Centurion Bank      
0.389%, 06/12/2012 (P)   5,100,000 5,100,005
Bank of America Corp.      
1.141%, 06/11/2012 (P) GBP 3,600,000 5,548,337
BBVA Bancomer SA      
6.500%, 03/10/2021 (S) $ 1,300,000 1,277,250
Countrywide Financial Corp.      
5.800%, 06/07/2012   3,400,000 3,401,054
HBOS PLC      
6.750%, 05/21/2018 (S)   1,000,000 916,636
ICICI Bank, Ltd.      
2.217%, 02/24/2014 (P)(S)   1,000,000 967,955
ING Bank NV      
1.786%, 10/18/2013 (P)(S)   400,000 399,695
Lehman Brothers Holdings, Inc.      
5.316%, 04/05/2011 (H) EUR 36,000 11,129
7.000%, 09/27/2027 (H) $ 300,000 68,625
Merrill Lynch & Company, Inc.      
1.558%, 09/27/2012 (P) EUR 1,500,000 1,852,328
Morgan Stanley      
0.916%, 10/18/2016 (P) $ 400,000 335,203
1.001%, 03/01/2013 (P) EUR 8,100,000 9,835,102
Pricoa Global Funding I      
0.604%, 06/26/2012 (P)(S) $ 7,600,000 7,599,096
SLM Corp.      
4.801%, 02/01/2014 (P)   13,000 12,857
5.050%, 11/14/2014   1,000,000 1,010,988
The Royal Bank of Scotland PLC      
2.887%, 08/23/2013 (P)   8,200,000 8,201,345
 
      47,237,625
Health Care - 0.8%      
Cardinal Health, Inc.      
6.000%, 06/15/2017   95,000 109,733
HCA, Inc.      
7.250%, 09/15/2020   5,200,000 5,668,000
 
      5,777,733
Industrials - 0.1%      
GATX Financial Corp.      
5.800%, 03/01/2016   1,000,000 1,074,010
Information Technology - 0.2%      
NXP BV      
3.507%, 10/15/2013 (P) EUR 1,156,445 1,415,645
Materials - 0.2%      
RPM International, Inc.      
6.500%, 02/15/2018 $ 1,000,000 1,161,336
TOTAL CORPORATE BONDS (Cost $61,407,165) $ 63,241,368
 
MUNICIPAL BONDS - 0.2%      
Tobacco Settlement Finance Authority      
(West Virginia) 7.467%, 06/01/2047   940,000 702,396

 

Real Return Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
MUNICIPAL BONDS (continued)      
Tobacco Settlement Financing Corp. of      
New Jersey 5.000%, 06/01/2041 $ 900,000 $ 697,887
TOTAL MUNICIPAL BONDS (Cost $1,672,855) $ 1,400,283
 
TERM LOANS (M) - 0.3%      
Utilities - 0.3%      
NRG Energy, Inc. 4.000%, 07/02/2018   1,985,000 1,962,669
TOTAL TERM LOANS (Cost $1,980,499) $ 1,962,669
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 3.4%      
Commercial & Residential - 2.6%      
Banc of America      
Commercial Mortgage, Inc.      
Series 2007-3 A2FL,      
0.409%, 06/10/2049 (P)(S)   64,948 64,735
Series 2007-3 A2,      
5.805%, 06/10/2049 (P)   64,948 64,995
Banc of America Large Loan, Inc.,      
Series 2010-HLTN, Class HLTN      
1.989%, 11/15/2015 (P)(S)   2,910,822 2,721,764
Banc of America Mortgage      
Securities, Inc., Series 2005-A,      
Class 2A2 3.001%, 02/25/2035 (P)   622,134 564,132
Bear Stearns Adjustable      
Rate Mortgage Trust      
Series 2005-5, Class A1,      
2.220%, 08/25/2035 (P)   258,899 249,616
Series 2005-5, Class A2,      
2.250%, 08/25/2035 (P)   461,939 424,832
Series 2003-3, Class 3A2,      
2.507%, 05/25/2033 (P)   108,456 108,110
Series 2005-2, Class A1,      
2.570%, 03/25/2035 (P)   822,711 796,400
Series 2005-2, Class A2,      
3.078%, 03/25/2035 (P)   245,179 239,323
Citicorp Mortgage Securities, Inc.,      
Series 2007-3, Class 3A1      
5.500%, 04/25/2037   705,256 686,202
Citigroup Mortgage Loan Trust, Inc.      
Series 2005-6, Class A3,      
2.100%, 09/25/2035 (P)   72,941 70,124
Series 2005-6, Class A1,      
2.230%, 09/25/2035 (P)   338,872 312,847
Series 2005-6, Class A2,      
2.450%, 09/25/2035 (P)   356,598 310,354
Series 2005-11, Class 1A1,      
2.600%, 05/25/2035 (P)   64,150 58,497
Harborview Mortgage Loan Trust,      
Series 2004-1, Class 2A      
2.795%, 04/19/2034 (P)   8,186,969 7,497,994
JPMorgan Mortgage Trust,      
Series 2007-A1, Class 4A2      
2.778%, 07/25/2035 (P)   632,962 608,612
MASTR Alternative Loans Trust,      
Series 2006-2, Class 2A1      
0.639%, 03/25/2036 (P)   691,276 136,281
New York Mortgage Trust, Inc.,      
Series 2006-1, Class 2A3      
2.947%, 05/25/2036 (P)   1,566,917 1,261,793
Residential Accredit Loans, Inc.,      
Series 2006-QO6, Class A1      
0.419%, 06/25/2046 (P)   1,150,742 383,297
Swan, Series 2010-1, Class A      
4.970%, 04/25/2041 (P) AUD 1,591,576 1,531,052

 

127

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Real Return Bond Fund (continued)    
    Shares or    
    Principal    
    Amount   Value
 
 
COLLATERALIZED MORTGAGE        
OBLIGATIONS (continued)        
Commercial & Residential (continued)        
WaMu Mortgage Pass-Through        
Certificates, Series 2007-HY3,        
Class 4A1 2.732%, 03/25/2037 (P) $ 952,030  $ 729,705
Washington Mutual Alternative Mortgage        
Pass-Through Certificates,        
Series 2006-5, Class 3A6        
6.268%, 07/25/2036 (P)   770,933   361,324
U.S. Government Agency - 0.8%        
Federal Home Loan Mortgage Corp.,        
Series 2979, Class MB        
5.500%, 11/15/2018   160,757   162,054
Federal National Mortgage Association        
Series 2007-63, Class FC,        
0.589%, 07/25/2037 (P)   5,329,295   5,329,208
Series 2003-34, Class A1,        
6.000%, 04/25/2043   15,118   16,896
Series 2004-T3, Class 1A1,        
6.000%, 02/25/2044   21,995   24,597
Series 2004-W12, Class 1A1,        
6.000%, 07/25/2044   122,787   136,761
TOTAL COLLATERALIZED MORTGAGE        
OBLIGATIONS (Cost $25,765,723)     $ 24,851,505
 
ASSET BACKED SECURITIES - 3.6%        
AMMC CDO, Series 2005-5A, Class A1A        
0.709%, 08/08/2017 (P)(S)   2,032,718   1,993,070
ARES CLO Funds, Series 2006-6RA,        
Class A1B        
0.701%, 03/12/2018 (P)(S)   1,228,770   1,216,477
Argent Securities, Inc., Series 2005-W2,        
Class A2B1        
0.439%, 10/25/2035 (P)   187,189   170,159
Babson CLO Ltd., Series 2004-2A,        
Class A2A        
0.787%, 11/15/2016 (P)(S)   292,205   289,303
Citibank Omni Master Trust,        
Series 2009-A14A, Class A14        
2.989%, 08/15/2018 (P)(S)   4,800,000   5,049,585
Citigroup Mortgage Loan Trust, Inc.,        
Series 2007-OPX1, Class A5A        
5.764%, 01/25/2037 (P)   748,143   485,362
Duane Street CLO, Series 2005-1A,        
Class A2        
0.716%, 11/08/2017 (P)(S)   344,222   336,402
Harvest CLO SA, Series IX, Class A1        
1.587%, 03/29/2017 (P) EUR 147,438   178,751
Katonah, Ltd., Series 6A, Class A1A        
0.794%, 09/20/2016 (P)(S) $ 1,032,574   1,023,841
Magi Funding PLC, Series I-A, Class A,        
Series 2010-1A, Class A        
1.314%, 04/11/2021 (P)(S) EUR 650,639   749,924
Magnolia Funding, Ltd., Series 2010-1A,        
Class A1        
3.000%, 04/20/2017 (S)   353,177   435,219
SLM Student Loan Trust, Series 2008-9,        
Class A        
1.966%, 04/25/2023 (P) $ 13,379,902   13,819,250
Wood Street CLO BV, Series II-A,        
Class A1        
1.347%, 03/29/2021 (P)(S) EUR 302,190   357,434
TOTAL ASSET BACKED SECURITIES (Cost $25,926,020) $ 26,104,777

 

Real Return Bond Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
OPTIONS PURCHASED - 0.0%    
Put Options - 0.0%    
Over the Counter USD Options on 30 Year    
Interest Rate Swap. Receive a floating    
rate based on 3-month LIBOR and pay a    
fixed rate of 3.875% (Expiration Date:    
04/14/2014; Strike Price: $3.87,    
Counterparty: Deutsche Bank AG) (I) EUR 4,000,000 $ 105,355
TOTAL OPTIONS PURCHASED (Cost $203,400) $ 105,355
 
SHORT-TERM INVESTMENTS - 0.3%    
 
U.S. GOVERNMENT - 0.1%    
U.S. Treasury Bill    
0.080%, 08/02/2012 (D)* 659,000 658,909
 
REPURCHASE AGREEMENT - 0.2%    
Credit Suisse Repurchase Agreement dated    
05/31/2012 at 0.200% to be repurchased    
at $1,300,007 on 06/01/2012,    
collateralized by $1,323,000    
U.S. Treasury Notes, 1.125% due    
05/31/2019 (valued at $1,342,432,    
including interest) 1,300,000 1,300,000
TOTAL SHORT-TERM INVESTMENTS (Cost $1,958,909) $ 1,958,909
Total Investments (Real Return Bond Fund)    
(Cost $751,114,619) - 109.1% $ 786,382,883
Other assets and liabilities, net - (9.1%)   (65,490,521)
 
TOTAL NET ASSETS - 100.0% $ 720,892,362
 
 
 
 
 
Redwood Fund    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 81.1%    
Consumer Discretionary - 16.8%    
Automobiles - 2.6%    
Ford Motor Company (D) 997,100 $ 10,529,376
Hotels, Restaurants & Leisure - 4.9%    
Carnival Corp. (D) 221,500 7,107,935
Las Vegas Sands Corp. (D) 276,800 12,782,624
 
    19,890,559
Media - 2.6%    
CBS Corp., Class B (D) 326,300 10,415,496
Specialty Retail - 3.2%    
Abercrombie & Fitch Company, Class A (D) 121,200 4,065,048
Guess?, Inc. (D) 151,400 4,033,296
Tiffany & Company (D) 92,200 5,106,958
 
    13,205,302
Textiles, Apparel & Luxury Goods - 3.5%    
Coach, Inc. (D) 139,200 9,389,040
Deckers Outdoor Corp. (D)(I) 88,100 4,904,527
 
    14,293,567
 
    68,334,300
Consumer Staples - 4.1%    
Food & Staples Retailing - 1.3%    
Whole Foods Market, Inc. (D) 60,300 5,343,183
Personal Products - 2.8%    
Avon Products, Inc. (D) 214,700 3,553,285

 

128

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Redwood Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Personal Products (continued)    
The Estee Lauder    
Companies, Inc., Class A (D) 145,500 $ 7,878,825
 
    11,432,110
 
    16,775,293
Energy - 13.5%    
Energy Equipment & Services - 8.2%    
Cameron International Corp. (D)(I) 157,400 7,191,606
National Oilwell Varco, Inc. (D) 119,800 7,996,650
Schlumberger, Ltd. (D) 179,700 11,366,025
Transocean, Ltd. (D) 170,000 6,941,100
 
    33,495,381
Oil, Gas & Consumable Fuels - 5.3%    
CONSOL Energy, Inc. (D) 152,400 4,279,392
EOG Resources, Inc. (D) 54,400 5,401,920
Southwestern Energy Company (D)(I) 202,400 5,673,272
Suncor Energy, Inc. (D) 229,700 6,199,603
 
    21,554,187
 
    55,049,568
Financials - 2.4%    
Diversified Financial Services - 2.4%    
Citigroup, Inc. (D) 226,700 6,009,817
JPMorgan Chase & Company (D) 118,400 3,924,960
 
    9,934,777
 
  
    9,934,777
Health Care - 8.7%    
Health Care Equipment & Supplies - 1.7%    
Baxter International, Inc. (D) 136,000 6,884,320
Health Care Providers & Services - 7.0%    
Aetna, Inc. (D) 264,700 10,823,583
Express Scripts Holding Company (D)(I) 147,100 7,677,149
HCA Holdings, Inc. (D) 390,900 10,159,491
 
    28,660,223
 
    35,544,543
Industrials - 8.3%    
Aerospace & Defense - 1.3%    
The Boeing Company (D) 74,200 5,165,062
Airlines - 1.7%    
United Continental Holdings, Inc. (D)(I) 274,200 6,901,614
Industrial Conglomerates - 2.2%    
Danaher Corp. (D) 173,300 9,006,401
Machinery - 1.3%    
Eaton Corp. (D) 128,200 5,469,012
Road & Rail - 1.8%    
Hertz Global Holdings, Inc. (D)(I) 538,700 7,331,707
 
    33,873,796
Information Technology - 17.8%    
Communications Equipment - 0.6%    
Juniper Networks, Inc. (D)(I) 152,100 2,616,120
Computers & Peripherals - 8.6%    
Apple, Inc. (D)(I) 36,400 21,029,372
NetApp, Inc. (D)(I) 153,800 4,577,088
SanDisk Corp. (D)(I) 117,500 3,842,250
Western Digital Corp. (D)(I) 179,300 5,628,227
 
    35,076,937

 

Redwood Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Semiconductors & Semiconductor Equipment - 4.1%  
Broadcom Corp., Class A (D)(I)   174,100 $ 5,632,135
Intel Corp. (D)   193,500 5,000,040
Marvell Technology Group, Ltd. (D)(I)   495,100 6,203,603
 
      16,835,778
Software - 4.5%      
Citrix Systems, Inc. (D)(I)   85,600 6,255,648
Microsoft Corp. (D)   1,500 43,785
Oracle Corp. (D)   450,700 11,930,029
 
      18,229,462
 
      72,758,297
Materials - 6.8%      
Chemicals - 1.7%      
Potash Corp. of Saskatchewan, Inc. (D)   172,000 6,799,160
Metals & Mining - 3.0%      
Freeport-McMoRan Copper & Gold, Inc. (D) 167,200 5,357,088
United States Steel Corp. (D)   339,700 6,895,910
 
      12,252,998
Paper & Forest Products - 2.1%      
International Paper Company (D)   295,100 8,616,920
 
      27,669,078
Telecommunication Services - 2.7%      
Diversified Telecommunication Services - 2.7%    
Verizon Communications, Inc. (D)   262,600 10,934,664
TOTAL COMMON STOCKS (Cost $338,521,148) $ 330,874,316
OPTIONS PURCHASED - 0.2%      
Put Options - 0.2%      
Exchange Traded Option on SPDR S&P 500    
ETF Trust (Expiration Date: 8/18/2012;      
Strike Price: $129.00) (I) $ 161,700 $ 732,501
TOTAL OPTIONS PURCHASED (Cost $793,987) $ 732,501
Total Investments (Redwood Fund)      
(Cost $339,315,135) - 81.3%   $ 331,606,817
Other assets and liabilities, net - 18.7%     76,332,908
 
TOTAL NET ASSETS - 100.0%   $ 407,939,725
 
 
 
Retirement Choices at 2010 Portfolio (formerly
Retirement 2010 Portfolio)    
    Shares or  
    Principal  
    Amount Value
 
INVESTMENT COMPANIES - 99.9%      
Affiliated Investment Companies - 7.4%      
EQUITY - 5.4%      
John Hancock Funds II (G) - 5.4%      
Strategic Equity Allocation, Class NAV      
(John Hancock) (A)(I)(1)   880,217 $ 8,335,658
FIXED INCOME - 2.0%      
John Hancock Funds II (G) - 2.0%      
Short Term Government Income, Class NAV    
(John Hancock) (A)(1)   303,534 3,056,589

 

129

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Retirement Choices at 2010 Portfolio (formerly
Retirement 2010 Portfolio) (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
INVESTMENT COMPANIES (continued)    
Unaffiliated Investment Companies - 92.5%    
EQUITY - 2.4%    
Vanguard Dividend Appreciation ETF 47,817 $ 2,668,189
Vanguard Energy ETF 4,015 371,508
Vanguard MSCI Emerging Markets ETF 9,970 379,059
Vanguard REIT ETF 6,101 381,435
FIXED INCOME - 90.1%    
iShares Barclays TIPS Bond Fund 6,395 775,779
iShares iBoxx Investment Grade Corporate    
Bond Fund 33,384 3,904,926
SPDR Barclays Capital High Yield Bond ETF 30,187 1,150,427
SPDR Barclays Capital Short Term Corporate    
Bond ETF 127,294 3,878,648
Vanguard Intermediate-term Corporate    
Bond ETF 42,909 3,639,970
Vanguard Short-Term Bond ETF 320,434 26,016,036
Vanguard Short-Term Corporate Bond ETF 144,120 11,378,274
Vanguard Total Bond Market ETF 1,044,695 88,287,174
Total investments (Retirement Choices at 2010 Portfolio  
(formerly Retirement 2010 Portfolio))    
(Cost $154,335,383) - 99.9% $ 154,223,672
Other assets and liabilities, net - 0.1%   102,018
 
 
TOTAL NET ASSETS - 100.0% $ 154,325,690
 
 
 
 
Retirement Choices at 2015 Portfolio (formerly
Retirement 2015 Portfolio)    
  Shares or  
  Principal  
  Amount Value
 
 
INVESTMENT COMPANIES - 100.4%    
Affiliated Investment Companies - 15.3%    
EQUITY - 13.3%    
John Hancock Funds II (G) - 13.3%    
Strategic Equity Allocation, Class NAV    
(John Hancock) (A)(I)(1) 3,067,231 $ 29,046,677
FIXED INCOME - 2.0%    
John Hancock Funds II (G) - 2.0%    
Short Term Government Income, Class NAV    
(John Hancock) (A)(1) 426,286 4,292,704
Unaffiliated Investment Companies - 85.1%    
EQUITY - 4.5%    
Vanguard Dividend Appreciation ETF 96,755 5,398,929
Vanguard Energy ETF 5,717 528,994
Vanguard Materials ETF 7,371 548,918
Vanguard MSCI Emerging Markets ETF 56,458 2,146,533
Vanguard REIT ETF 17,430 1,089,724
FIXED INCOME - 80.6%    
iShares Barclays TIPS Bond Fund 9,994 1,212,372
iShares iBoxx Investment Grade Corporate    
Bond Fund 69,627 8,144,270
SPDR Barclays Capital High Yield Bond ETF 61,353 2,338,163
SPDR Barclays Capital Short Term Corporate    
Bond ETF 226,491 6,901,181
Vanguard Intermediate-Term Bond ETF 64,039 5,698,043
Vanguard Intermediate-Term Corporate    
Bond ETF 121,621 10,317,109

 

Retirement Choices at 2015 Portfolio (formerly
Retirement 2015 Portfolio) (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
INVESTMENT COMPANIES (continued)    
FIXED INCOME (continued)      
Vanguard Short-Term Corporate Bond ETF   119,090 $ 9,402,156
Vanguard Total Bond Market ETF   1,240,485 104,833,387
 
SHORT-TERM INVESTMENTS - 0.9%      
Federal Home Loan Bank Discount Notes,      
0.010%, 06/01/2012 * $ 2,000,000 $ 2,000,000
Total investments (Retirement Choices at 2015 Portfolio  
(formerly Retirement 2015 Portfolio))      
(Cost $222,379,158) - 101.3%   $ 220,910,505
Other assets and liabilities, net - (1.3%)     (2,822,387)
 
TOTAL NET ASSETS - 100.0%   $ 218,088,118
 
 
 
 
 
Retirement Choices at 2020 Portfolio (formerly
Retirement 2020 Portfolio)    
    Shares or  
    Principal  
    Amount Value
 
 
INVESTMENT COMPANIES - 100.0%      
Affiliated Investment Companies - 33.7%    
EQUITY - 32.3%      
John Hancock Funds II (G) - 32.3%      
Strategic Equity Allocation, Class NAV      
(John Hancock) (A)(I)(1)   10,869,641 $ 102,935,504
FIXED INCOME - 1.4%      
John Hancock Funds II (G) - 1.4%      
Short Term Government Income, Class NAV    
(John Hancock) (A)(1)   455,792 4,589,823
Unaffiliated Investment Companies - 66.3%    
EQUITY - 7.3%      
Vanguard Dividend Appreciation ETF   181,856 10,147,565
Vanguard Energy ETF   16,637 1,539,422
Vanguard Materials ETF   21,109 1,571,987
Vanguard MSCI Emerging Markets ETF   184,342 7,008,683
Vanguard REIT ETF   49,456 3,091,989
FIXED INCOME - 59.0%      
iShares Barclays TIPS Bond Fund   12,678 1,537,968
iShares iBoxx Investment Grade Corporate      
Bond Fund   105,882 12,385,017
SPDR Barclays Capital High Yield Bond ETF 119,269 4,545,342
SPDR Barclays Capital Short Term Corporate    
Bond ETF   187,338 5,708,189
Vanguard Intermediate-Term Bond ETF   135,045 12,015,993
Vanguard Intermediate-Term Corporate      
Bond ETF   149,573 12,688,278
Vanguard Short-Term Bond ETF   233,970 18,996,024
Vanguard Short-Term Corporate Bond ETF   92,113 7,272,321
Vanguard Total Bond Market ETF   1,337,658 113,045,478
 
SHORT-TERM INVESTMENTS - 0.3%      
Federal Home Loan Bank Discount Notes,      
0.010%, 06/01/2012 * $ 1,000,000 $ 1,000,000
Total investments (Retirement Choices at 2020 Portfolio  
(formerly Retirement 2020 Portfolio))      
(Cost $326,418,676) - 100.3%   $ 320,079,583
Other assets and liabilities, net - (0.3%)     (913,510)
 
TOTAL NET ASSETS - 100.0%   $ 319,166,073
 

 

130

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Retirement Choices at 2025 Portfolio (formerly
Retirement 2025 Portfolio)    
    Shares or  
    Principal  
    Amount Value
 
 
INVESTMENT COMPANIES - 100.0%      
Affiliated Investment Companies - 48.8%    
EQUITY - 47.3%      
John Hancock Funds II (G) - 47.3%      
Strategic Equity Allocation, Class NAV      
(John Hancock) (A)(I)(1)   18,400,565 $ 174,253,349
FIXED INCOME - 1.5%      
John Hancock Funds II (G) - 1.5%      
Short Term Government Income, Class NAV    
(John Hancock) (A)(1)   533,455 5,371,892
Unaffiliated Investment Companies - 51.2%    
EQUITY - 10.5%      
Vanguard Dividend Appreciation ETF   257,083 14,345,232
Vanguard Energy ETF   37,987 3,514,937
Vanguard Materials ETF   36,730 2,735,283
Vanguard MSCI Emerging Markets ETF   328,192 12,477,860
Vanguard REIT ETF   86,847 5,429,674
Fixed Income - 40.7%      
iShares iBoxx Investment Grade Corporate      
Bond Fund   117,457 13,738,945
SPDR Barclays Capital High Yield Bond ETF 162,865 6,206,785
SPDR Barclays Capital Short Term Corporate    
Bond ETF   119,506 3,641,348
Vanguard Intermediate-Term Bond ETF   152,451 13,564,739
Vanguard Intermediate-Term Corporate      
Bond ETF   153,502 13,021,575
Vanguard Short-Term Bond ETF   132,064 10,722,276
Vanguard Short-Term Corporate Bond ETF   46,075 3,637,621
Vanguard Total Bond Market ETF   1,011,157 85,452,878
 
SHORT-TERM INVESTMENTS - 0.5%      
Federal Home Loan Bank Discount Notes,      
0.010%, 06/01/2012 * $ 2,000,000 $ 2,000,000
Total investments (Retirement Choices at 2025 Portfolio  
(formerly Retirement 2025 Portfolio))      
(Cost $381,597,592) - 100.5%   $ 370,114,394
Other assets and liabilities, net - (0.5%)     (1,879,392)
 
TOTAL NET ASSETS - 100.0%   $ 368,235,002
 
 
 
 
Retirement Choices at 2030 Portfolio (formerly
Retirement 2030 Portfolio)    
    Shares or  
    Principal  
    Amount Value
 
 
INVESTMENT COMPANIES - 99.7%      
Affiliated Investment Companies - 58.5%    
EQUITY - 57.8%      
John Hancock Funds II (G) - 57.8%      
Strategic Equity Allocation, Class NAV      
(John Hancock) (A)(I)(1)   18,268,415 $ 173,001,895
 
FIXED INCOME - 0.7%      
John Hancock Funds II (G) - 0.7%      
Short Term Government Income, Class NAV    
(John Hancock) (A)(1)   218,830 2,203,619

 

Retirement Choices at 2030 Portfolio (formerly
Retirement 2030 Portfolio) (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
FIXED INCOME (continued)    
Unaffiliated Investment Companies - 41.2%    
 
EQUITY - 12.0%    
Vanguard Dividend Appreciation ETF 211,955 $ 11,827,089
Vanguard Energy ETF 39,244 3,631,247
Vanguard Materials ETF 40,190 2,992,949
Vanguard MSCI Emerging Markets ETF 346,291 13,165,984
Vanguard REIT ETF 71,273 4,455,988
 
FIXED INCOME - 29.2%    
iShares iBoxx Investment Grade Corporate    
Bond Fund 100,355 11,738,524
SPDR Barclays Capital High Yield Bond ETF 165,018 6,288,836
Vanguard Intermediate-Term Bond ETF 99,167 8,823,652
Vanguard Intermediate-Term Corporate    
Bond ETF 95,857 8,131,549
Vanguard Short-Term Corporate Bond ETF 21,067 1,663,240
Vanguard Total Bond Market ETF 601,260 50,812,483
Total investments (Retirement Choices at 2030 Portfolio  
(formerly Retirement 2030 Portfolio))    
(Cost $310,691,012) - 99.7% $ 298,737,055
Other assets and liabilities, net - 0.3%   875,926
 
TOTAL NET ASSETS - 100.0% $ 299,612,981
 
 
 
 
Retirement Choices at 2035 Portfolio (formerly
Retirement 2035 Portfolio)    
  Shares or  
  Principal  
  Amount Value
 
 
INVESTMENT COMPANIES - 99.6%    
Affiliated Investment Companies - 63.6%    
EQUITY - 62.9%    
John Hancock Funds II (G) - 62.9%    
Strategic Equity Allocation, Class NAV    
(John Hancock) (A)(I)(1) 15,629,048 $ 148,007,088
FIXED INCOME - 0.7%    
John Hancock Funds II (G) - 0.7%    
Short Term Government Income, Class NAV    
(John Hancock) (A)(1) 170,683 1,718,774
Unaffiliated Investment Companies - 36.0%    
 
EQUITY - 12.9%    
Vanguard Dividend Appreciation ETF 165,552 9,237,802
Vanguard Energy ETF 30,564 2,828,087
Vanguard Materials ETF 38,659 2,878,936
Vanguard MSCI Emerging Markets ETF 298,847 11,362,163
Vanguard REIT ETF 64,299 4,019,974
 
FIXED INCOME - 23.1%    
iShares iBoxx Investment Grade Corporate    
Bond Fund 59,284 6,934,450
SPDR Barclays Capital High Yield Bond ETF 149,011 5,678,809
Vanguard Intermediate-Term Bond ETF 38,812 3,453,403
Vanguard Intermediate-Term Corporate    
Bond ETF 36,034 3,056,764
Vanguard Long-term Bond ETF 12,717 1,216,635
Vanguard Long-term Corporate Bond ETF 23,364 2,069,583
Vanguard Total Bond Market ETF 379,536 32,074,587

 

131

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Retirement Choices at 2035 Portfolio (formerly
Retirement 2035 Portfolio) (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
SHORT-TERM INVESTMENTS - 0.4%      
Federal Home Loan Bank Discount Notes,      
0.010%, 06/01/2012 * $ 1,000,000 $ 1,000,000
Total investments (Retirement Choices at 2035 Portfolio  
(formerly Retirement 2035 Portfolio))      
(Cost $245,849,033) - 100.0%   $ 235,537,055
Other assets and liabilities, net - 0.0%     (38,097)
 
TOTAL NET ASSETS - 100.0%   $ 235,498,958
 
 
 
 
Retirement Choices at 2040 Portfolio (formerly
Retirement 2040 Portfolio)    
    Shares or  
    Principal  
    Amount Value
 
 
INVESTMENT COMPANIES - 99.6%      
Affiliated Investment Companies - 65.9%    
EQUITY - 65.7%      
John Hancock Funds II (G) - 65.7%      
Strategic Equity Allocation, Class NAV      
(John Hancock) (A)(I)(1)   11,029,511 $ 104,449,468
FIXED INCOME - 0.2%      
John Hancock Funds II (G) - 0.2%      
Short Term Government Income, Class NAV    
(John Hancock) (A)(1)   32,844 330,739
Unaffiliated Investment Companies - 33.7%    
EQUITY - 13.6%      
Vanguard Dividend Appreciation ETF   118,654 6,620,893
Vanguard Energy ETF   20,693 1,914,724
Vanguard Materials ETF   25,992 1,935,624
Vanguard MSCI Emerging Markets ETF   211,315 8,034,196
Vanguard REIT ETF   48,819 3,052,164
FIXED INCOME - 20.1%      
iShares iBoxx Investment Grade Corporate      
Bond Fund   32,618 3,815,327
SPDR Barclays Capital High Yield Bond ETF 113,099 4,310,203
Vanguard Intermediate-Term Bond ETF   11,391 1,013,545
Vanguard Intermediate-Term Corporate      
Bond ETF   5,960 505,587
Vanguard Long-Term Bond ETF   33,250 3,181,028
Vanguard Long-Term Corporate Bond ETF   20,005 1,772,043
Vanguard Total Bond Market ETF   205,140 17,336,381
 
SHORT-TERM INVESTMENTS - 0.6%      
Federal Home Loan Bank Discount Notes,      
0.010%, 06/01/2012 * $ 1,000,000 $ 1,000,000
Total investments (Retirement Choices at 2040 Portfolio  
(formerly Retirement 2040 Portfolio))      
(Cost $166,535,866) - 100.2%   $ 159,271,922
Other assets and liabilities, net - (0.2%)     (294,584)
 
 
TOTAL NET ASSETS - 100.0%   $ 158,977,338
 

 

Retirement Choices at 2045 Portfolio (formerly
Retirement 2045 Portfolio)    
  Shares or  
  Principal  
  Amount Value
 
 
INVESTMENT COMPANIES - 66.5%    
Affiliated Investment Companies - 66.5%    
EQUITY - 66.3%    
John Hancock Funds II (G) - 66.3%    
Strategic Equity Allocation, Class NAV    
(John Hancock) (A)(I)(1) 8,469,818 $ 80,209,178
FIXED INCOME - 0.2%    
John Hancock Funds II (G) - 0.2%    
Short Term Government Income, Class NAV    
(John Hancock) (A)(1) 28,216 284,131
 
UNAFFILIATED INVESTMENT COMPANIES - 33.1%  
EQUITY - 14.0%    
Vanguard Dividend Appreciation ETF 90,875 5,070,825
Vanguard Energy ETF 15,758 1,458,088
Vanguard Materials ETF 20,213 1,505,262
Vanguard MSCI Emerging Markets ETF 170,717 6,490,660
Vanguard REIT ETF 38,234 2,390,390
FIXED INCOME - 19.1%    
iShares iBoxx Investment Grade Corporate    
Bond Fund 12,646 1,479,203
SPDR Barclays Capital High Yield Bond ETF 97,809 3,727,501
Vanguard Intermediate-Term Bond ETF 3,739 332,688
Vanguard Long-Term Bond ETF 31,891 3,051,012
Vanguard Long-term Corporate Bond ETF 16,761 1,484,689
Vanguard Total Bond Market ETF 153,634 12,983,609
Total investments (Retirement Choices at 2045 Portfolio  
(formerly Retirement 2045 Portfolio))    
(Cost $126,063,244) - 99.6% $ 120,467,236
Other assets and liabilities, net - 0.4%   494,542
 
TOTAL NET ASSETS - 100.0% $ 120,961,778
 
 
 
 
Retirement Choices at 2050 Portfolio (formerly
Retirement 2050 Portfolio)    
  Shares or  
  Principal  
  Amount Value
 
 
INVESTMENT COMPANIES - 99.4%    
Affiliated Investment Companies - 66.5%    
EQUITY - 66.2%    
John Hancock Funds II (G) - 66.2%    
Strategic Equity Allocation, Class NAV    
(John Hancock) (A)(I)(1) 4,108,359 $ 38,906,155
Fixed Income - 0.3%    
John Hancock Funds II (G) - 0.3%    
Short Term Government Income, Class NAV    
(John Hancock) (A)(1) 14,218 143,175
Unaffiliated Investment Companies - 32.9%    
EQUITY - 13.9%    
Vanguard Dividend Appreciation ETF 43,944 2,452,074
Vanguard Energy ETF 7,611 704,246
Vanguard Materials ETF 9,759 726,753
Vanguard MSCI Emerging Markets ETF 82,254 3,127,297
Vanguard REIT ETF 18,465 1,154,431
FIXED INCOME - 19.0%    
iShares iBoxx Investment Grade Corporate    
Bond Fund 3,739 437,351

 

132

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Retirement Choices at 2050 Portfolio (formerly
Retirement 2050 Portfolio) (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
INVESTMENT COMPANIES (continued)    
FIXED INCOME (continued)      
SPDR Barclays Capital High Yield Bond ETF 47,924 $ 1,826,384
Vanguard Long-Term Bond ETF   22,142 2,118,325
Vanguard Long-Term Corporate Bond ETF   11,463 1,015,393
Vanguard Total Bond Market ETF   68,656 5,802,119
Total investments (Retirement Choices at 2050 Portfolio  
(formerly Retirement 2050 Portfolio))      
(Cost $61,118,881) - 99.4%   $ 58,413,703
Other assets and liabilities, net - 0.6%     335,240
 
TOTAL NET ASSETS - 100.0%   $ 58,748,943
 
 
 
 
Short Term Government Income Fund  
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 93.2%      
U.S. Government - 13.9%      
U.S. Treasury Notes      
0.750%, 08/15/2013 $ 805,000 810,031
0.875%, 12/31/2016   1,860,000 1,882,523
1.000%, 08/31/2016   1,960,000 1,996,138
1.250%, 09/30/2015   2,695,000 2,768,272
1.500%, 12/31/2013   6,050,000 6,167,691
1.750%, 03/31/2014   1,080,000 1,109,109
2.000%, 04/30/2016   1,760,000 1,860,788
2.125%, 05/31/2015   5,635,000 5,927,755
2.500%, 04/30/2015   3,835,000 4,071,090
 
      26,593,397
U.S. Government Agency - 79.3%      
Federal Agricultural Mortgage Corp.      
2.000%, 07/27/2016   3,341,000 3,492,521
2.125%, 09/15/2015   4,260,000 4,419,350
2.375%, 07/22/2015   4,990,000 5,237,709
3.250%, 08/11/2014   805,000 848,117
5.125%, 04/19/2017 (S)   6,890,000 8,168,129
Federal Farm Credit Bank      
0.940%, 04/18/2016   1,650,000 1,652,251
1.150%, 09/14/2015   2,045,000 2,048,857
1.370%, 10/11/2016   2,000,000 2,007,632
1.900%, 12/21/2017   2,075,000 2,089,845
2.180%, 11/09/2018   5,185,000 5,216,971
Federal Home Loan Bank      
0.600%, 03/05/2015   1,000,000 1,000,714
0.875%, 05/23/2016   3,500,000 3,502,457
0.960%, 02/08/2016   3,610,000 3,610,274
1.240%, 03/13/2017 to 03/14/2017   8,895,000 8,908,308
1.250%, 02/28/2017   2,300,000 2,301,688
2.125%, 06/10/2016   1,245,000 1,315,089
2.750%, 03/13/2015   1,720,000 1,828,439
Federal Home Loan Mortgage Corp.      
0.875%, 10/24/2014   1,500,000 1,501,973
1.250%, 12/29/2014   3,176,000 3,177,988
1.375%, 09/14/2017   2,135,000 2,145,675
1.500%, 05/23/2017   3,130,000 3,141,565
1.550%, 01/25/2018   4,210,000 4,229,046
4.271%, 09/01/2039 (P)   674,784 712,544
5.000%, 09/01/2015   1,095,195 1,173,502
6.000%, 12/01/2037   972,201 1,068,340
6.500%, 09/01/2039   775,845 868,770

 

Short Term Government Income Fund (continued)
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal National Mortgage Association      
0.650%, 04/30/2015 $ 4,985,000 $ 4,984,541
0.700%, 03/26/2015   2,235,000 2,242,966
1.000%, 06/06/2016   3,500,000 3,508,643
1.300%, 01/30/2017   3,000,000 3,015,516
2.321%, 09/01/2041 (P)   2,586,484 2,686,897
2.429%, 04/01/2042 (P)   1,994,709 2,078,074
2.496%, 02/01/2042 (P)   2,923,195 3,049,521
2.605%, 02/01/2042 (P)   2,077,592 2,171,326
3.279%, 05/01/2041 (P)   853,905 898,260
3.500%, 12/01/2026   1,867,432 1,971,527
3.530%, 07/01/2039 (P)   149,686 156,196
4.272%, 05/01/2034 (P)   190,380 199,883
4.952%, 04/01/2048 (P)   20,725 22,420
5.500%, 05/01/2034 to 08/01/2040   3,294,918 3,607,840
6.000%, 02/01/2037 to 09/01/2037   4,035,574 4,451,221
6.500%, 11/01/2038 to 01/01/2039   5,443,914 6,123,180
Government National Mortgage Association      
2.500%, 01/20/2042 (P)   7,389,765 7,735,763
3.000%, 07/20/2041 (P)   3,487,049 3,672,602
3.500%, 07/20/2041 (P)   4,522,862 4,781,354
Tennessee Valley Authority      
4.375%, 06/15/2015   6,765,000 7,526,211
4.500%, 04/01/2018   3,470,000 4,098,754
4.875%, 12/15/2016   2,840,000 3,343,629
5.500%, 07/18/2017   3,151,000 3,849,481
 
      151,843,559
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $176,056,191)   $ 178,436,956
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 6.2%      
U.S. Government Agency - 6.2%      
Federal Home Loan Mortgage Corp.      
Series K017, Class X1 IO,      
1.460%, 12/25/2021 (P)   1,263,222 130,188
Series K708, Class X1 IO,      
1.513%, 01/25/2019 (P)   3,960,000 323,948
Series K707, Class X1 IO,      
1.560%, 12/25/2018 (P)   1,494,531 127,497
Series K706, Class X1 IO,      
1.595%, 10/25/2018 (P)   4,281,197 366,346
Series 3956, Class DJ,      
3.250%, 10/15/2036   1,366,787 1,408,726
Series 3499, Class PA,      
4.500%, 08/15/2036   935,229 992,888
Series 3947, Class PA,      
4.500%, 01/15/2041   327,727 358,683
Federal National Mortgage Association      
Series 20011-146, Class MA,      
3.500%, 08/25/2041   2,016,471 2,099,619
Series 2011-132, Class PA,      
4.500%, 08/25/2039   4,042,415 4,343,273
Government National Mortgage Association,    
Series 2010-88, Class BA      
4.500%, 01/20/2036   1,558,900 1,645,412
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $11,863,216)   $ 11,796,580

 

133

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Short Term Government Income Fund (continued)
    Shares or  
    Principal  
    Amount Value
 
 
SHORT-TERM INVESTMENTS - 2.4%      
Repurchase Agreement - 2.4%      
Repurchase Agreement with State Street Corp.    
dated 05/31/2012 at 0.010% to be      
repurchased at $4,500,001 on 06/01/2012,    
collateralized by $4,590,000 Federal Home    
Loan Bank, 0.280% due 08/02/2013 (valued    
at $4,594,305, including interest). $ 4,500,000 $ 4,500,000
TOTAL SHORT-TERM INVESTMENTS (Cost $4,500,000) $ 4,500,000
Total Investments (Short Term Government Income Fund)    
(Cost $192,419,407) - 101.8%   $ 194,733,536
Other assets and liabilities, net - (1.8%)     (3,350,783)
 
TOTAL NET ASSETS - 100.0%   $ 191,382,753
 
 
 
 
Small Cap Growth Fund      
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS - 91.9%      
Consumer Discretionary - 22.4%      
Auto Components - 1.4%      
Dana Holding Corp.   73,240 $ 975,557
Tenneco, Inc. (I)(L)   38,224 1,037,782
 
      2,013,339
Diversified Consumer Services - 0.1%      
American Public Education, Inc. (I)(L)   6,570 186,785
Hotels, Restaurants & Leisure - 3.6%      
AFC Enterprises, Inc. (I)   70,736 1,510,921
Buffalo Wild Wings, Inc. (I)(L)   14,260 1,213,669
Ignite Restaurant Group, Inc. (I)   10,800 193,104
Red Robin Gourmet Burgers, Inc. (I)(L)   16,640 532,480
The Cheesecake Factory, Inc. (I)(L)   56,607 1,836,331
 
      5,286,505
Household Durables - 1.6%      
Meritage Homes Corp. (I)(L)   26,070 782,361
PulteGroup, Inc. (I)(L)   173,538 1,624,316
 
      2,406,677
Internet & Catalog Retail - 2.6%      
HomeAway, Inc. (I)   22,400 526,400
Shutterfly, Inc. (I)(L)   57,909 1,596,551
TripAdvisor, Inc. (I)   38,420 1,647,450
 
      3,770,401
Leisure Equipment & Products - 0.8%      
Brunswick Corp. (L)   20,772 454,907
Leapfrog Enterprises, Inc. (I)(L)   68,380 712,520
 
      1,167,427
Specialty Retail - 9.5%      
DSW, Inc., Class A   29,232 1,744,566
Express, Inc. (I)   85,920 1,589,520
GNC Holdings, Inc., Class A   68,530 2,640,461
Hibbett Sports, Inc. (I)(L)   29,960 1,678,659
Lumber Liquidators Holdings, Inc. (I)(L)   21,500 625,435
Mattress Firm Holding Corp. (I)(L)   19,520 668,170
Rent-A-Center, Inc.   39,740 1,338,046
Rue21, Inc. (I)(L)   50,450 1,335,916
The Children’s Place Retail Stores, Inc. (I)   23,800 1,094,086
Urban Outfitters, Inc. (I)   40,550 1,134,184
 
      13,849,043

 

Small Cap Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Textiles, Apparel & Luxury Goods - 2.8%    
Deckers Outdoor Corp. (I)(L) 15,300 $ 851,751
Hanesbrands, Inc. (I)(L) 73,718 2,053,783
Steven Madden, Ltd. (I) 28,900 1,171,606
 
    4,077,140
 
    32,757,317
Consumer Staples - 1.0%    
Personal Products - 1.0%    
Elizabeth Arden, Inc. (I) 44,220 1,523,821
Energy - 4.7%    
Energy Equipment & Services - 2.7%    
Atwood Oceanics, Inc. (I) 41,005 1,566,801
Gulfmark Offshore, Inc., Class A (I) 35,368 1,262,284
Tidewater, Inc. 26,410 1,190,563
 
    4,019,648
Oil, Gas & Consumable Fuels - 2.0%    
Bonanza Creek Energy, Inc. (I) 8,447 144,106
Rex Energy Corp. (I) 127,910 1,286,775
Rosetta Resources, Inc. (I) 37,300 1,443,137
 
    2,874,018
 
    6,893,666
Financials - 4.1%    
Capital Markets - 1.1%    
Knight Capital Group, Inc., Class A (I) 97,460 1,225,072
Manning & Napier, Inc. 22,700 315,303
 
    1,540,375
Commercial Banks - 0.8%    
PrivateBancorp, Inc. 29,370 432,620
Western Alliance Bancorp (I) 88,220 769,278
 
    1,201,898
Consumer Finance - 0.1%    
Netspend Holdings, Inc. (I)(L) 25,658 190,126
Real Estate Investment Trusts - 2.1%    
Coresite Realty Corp. 59,600 1,421,460
LaSalle Hotel Properties 4,500 124,110
Pebblebrook Hotel Trust 56,948 1,250,009
Strategic Hotels & Resorts, Inc. (I) 19,650 122,420
Sunstone Hotel Investors, Inc. (I) 11,500 115,115
 
    3,033,114
 
    5,965,513
Health Care - 16.7%    
Biotechnology - 5.3%    
Amylin Pharmaceuticals, Inc. (I) 39,880 1,057,219
Arena Pharmaceuticals, Inc. (I)(L) 80,070 535,668
Immunogen, Inc. (I)(L) 62,320 873,103
Incyte Corp. (I)(L) 61,130 1,302,680
Ironwood Pharmaceuticals, Inc. (I)(L) 72,770 867,418
NPS Pharmaceuticals, Inc. (I)(L) 93,900 740,871
Onyx Pharmaceuticals, Inc. (I) 22,710 1,039,664
Seattle Genetics, Inc. (I)(L) 65,680 1,279,446
 
    7,696,069
Health Care Equipment & Supplies - 5.1%    
ABIOMED, Inc. (I) 29,500 599,735
Gen-Probe, Inc. (I) 31,840 2,576,174
HeartWare International, Inc. (I)(L) 21,750 1,769,798
Insulet Corp. (I)(L) 70,100 1,291,242
Volcano Corp. (I)(L) 41,720 1,192,775
 
    7,429,724

 

134

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Cap Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services - 1.0%    
Health Net, Inc. (I) 23,380 $ 598,996
WellCare Health Plans, Inc. (I) 16,450 928,932
 
    1,527,928
Health Care Technology - 1.9%    
Catamaran Corp. (I)(L) 30,289 2,717,226
Life Sciences Tools & Services - 1.3%    
PAREXEL International Corp. (I) 73,638 1,970,553
Pharmaceuticals - 2.1%    
Optimer Pharmaceuticals, Inc. (I)(L) 45,120 674,093
Salix Pharmaceuticals, Ltd. (I) 36,750 1,904,018
The Medicines Company (I) 24,100 529,718
 
    3,107,829
 
    24,449,329
Industrials - 15.4%    
Aerospace & Defense - 3.6%    
DigitalGlobe, Inc. (I) 99,270 1,604,203
Esterline Technologies Corp. (I) 13,960 901,676
Moog, Inc., Class A (I) 39,940 1,518,519
Teledyne Technologies, Inc. (I) 21,619 1,288,060
 
    5,312,458
Airlines - 1.5%    
Spirit Airlines, Inc. (I) 107,160 2,208,568
Building Products - 0.9%    
Trex Company, Inc. (I)(L) 43,475 1,265,123
Commercial Services & Supplies - 0.8%    
Sykes Enterprises, Inc. (I) 74,604 1,122,790
Electrical Equipment - 1.4%    
Acuity Brands, Inc. 10,170 554,265
Polypore International, Inc. (I)(L) 40,950 1,514,741
 
    2,069,006
Machinery - 1.8%    
Colfax Corp. (I) 41,370 1,172,012
Middleby Corp. (I) 4,580 468,397
Sauer-Danfoss, Inc. 15,300 552,789
Westport Innovations, Inc. (I)(L) 19,980 487,712
 
    2,680,910
Professional Services - 1.4%    
The Advisory Board Company (I)(L) 21,400 2,073,018
Road & Rail - 3.0%    
Landstar System, Inc. 48,640 2,563,328
Old Dominion Freight Line, Inc. (I) 40,760 1,775,506
 
    4,338,834
Trading Companies & Distributors - 1.0%    
DXP Enterprises, Inc. (I) 15,000 705,000
United Rentals, Inc. (I)(L) 20,232 699,016
 
    1,404,016
 
    22,474,723
Information Technology - 26.1%    
Communications Equipment - 1.8%    
Finisar Corp. (I)(L) 100,950 1,448,633
Ixia (I)(L) 105,910 1,120,528
Ubiquiti Networks, Inc. (I)(L) 6,970 129,991
 
    2,699,152
Electronic Equipment, Instruments & Components - 3.3%  
Coherent, Inc. (I)(L) 27,700 1,222,678
Fabrinet (I) 93,810 1,093,825

 

Small Cap Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electronic Equipment, Instruments &    
Components (continued)    
Jabil Circuit, Inc. (L) 88,010 $ 1,683,631
Universal Display Corp. (I)(L) 29,090 818,884
 
    4,819,018
Internet Software & Services - 4.2%    
CoStar Group, Inc. (I) 3,800 280,782
DealerTrack Holdings, Inc. (I)(L) 44,950 1,227,135
IAC/InterActiveCorp 39,960 1,795,003
LivePerson, Inc. (I) 101,283 1,748,145
Web.com Group, Inc. (I) 64,240 1,022,701
 
    6,073,766
IT Services - 3.7%    
Sapient Corp. (L) 156,590 1,722,490
Syntel, Inc. 23,700 1,324,830
VeriFone Systems, Inc. (I)(L) 19,480 703,423
Wright Express Corp. (I) 28,410 1,592,665
 
    5,343,408
Semiconductors & Semiconductor Equipment - 3.8%    
Cypress Semiconductor Corp. (I) 104,070 1,372,683
Lattice Semiconductor Corp. (I) 229,980 1,051,009
Skyworks Solutions, Inc. (I) 75,530 2,028,736
Ultratech, Inc. (I) 36,510 1,106,983
 
    5,559,411
Software - 9.3%    
Bottomline Technologies, Inc. (I) 36,080 645,110
BroadSoft, Inc. (I)(L) 26,310 718,526
Cadence Design Systems, Inc. (I)(L) 221,800 2,262,360
Concur Technologies, Inc. (I)(L) 27,690 1,712,627
Guidewire Software, Inc. (I) 13,990 362,481
Imperva, Inc. (I) 31,280 804,209
Jive Software, Inc. (I)(L) 50,930 853,078
MicroStrategy, Inc., Class A (I) 10,560 1,288,109
Parametric Technology Corp. (I) 37,090 749,218
Pegasystems, Inc. 36,750 1,138,883
Solera Holdings, Inc. 43,210 1,918,524
Splunk, Inc. (I)(L) 11,400 371,184
Tangoe, Inc. (I) 42,690 824,344
 
    13,648,653
 
    38,143,408
Materials - 1.5%    
Chemicals - 1.5%    
Flotek Industries, Inc. (I)(L) 59,680 635,592
Methanex Corp. 56,520 1,580,852
 
    2,216,444
 
    2,216,444
TOTAL COMMON STOCKS (Cost $120,376,293) $ 134,424,221
 
INVESTMENT COMPANIES - 3.2%    
iShares Russell 2000 Growth Index Fund 54,300 4,727,901
TOTAL INVESTMENT COMPANIES (Cost $5,019,454) $ 4,727,901
 
SECURITIES LENDING COLLATERAL - 25.5%    
John Hancock Collateral    
Investment Trust, 0.3309% (W)(Y) 3,736,089 37,387,790
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $37,382,206) $ 37,387,790

 

135

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Cap Growth Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
SHORT-TERM INVESTMENTS - 5.9%      
Repurchase Agreement - 5.9%      
Deutsche Bank Tri-Party Repurchase      
Agreement dated 05/31/2012 at 0.220% to    
be repurchased at $8,600,053 on      
06/01/2012, collateralized by $7,893,072      
Government National Mortgage Association,    
5.000% due 01/15/2039 (valued at      
$8,772,000, including interest) $ 8,600,000 $ 8,600,000
TOTAL SHORT-TERM INVESTMENTS (Cost $8,600,000) $ 8,600,000
Total Investments (Small Cap Growth Fund)    
(Cost $171,377,953) - 126.5%   $ 185,139,912
Other assets and liabilities, net - (26.5%)     (38,804,531)
 
TOTAL NET ASSETS - 100.0%   $ 146,335,381
 
 
 
 
Small Cap Opportunities Fund    
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS - 99.0%      
Consumer Discretionary - 17.2%      
Auto Components - 1.2%      
Dana Holding Corp.   44,144 $ 587,998
Drew Industries, Inc. (I)   2,700 71,685
Exide Technologies (I)   10,280 23,850
Federal-Mogul Corp. (I)   3,604 40,257
Modine Manufacturing Company (I)   52,357 339,273
Motorcar Parts of America, Inc. (I)   2,590 11,189
Shiloh Industries, Inc.   1,546 15,182
Spartan Motors, Inc.   4,866 21,897
Standard Motor Products, Inc.   3,300 44,583
Stoneridge, Inc. (I)   55 388
Superior Industries International, Inc.   5,170 86,804
TRW Automotive Holdings Corp. (I)   14,512 559,728
 
      1,802,834
Distributors - 0.1%      
Core-Mark Holding Company, Inc.   2,190 95,243
VOXX International Corp. (I)   2,806 27,667
 
      122,910
Diversified Consumer Services - 0.3%      
Ascent Capital Group, Inc., Class A (I)   2,709 141,897
Cambium Learning Group, Inc. (I)   3,781 4,651
Career Education Corp. (I)   5 33
Carriage Services, Inc.   1,315 9,626
Corinthian Colleges, Inc. (I)   2,160 5,918
Education Management Corp. (I)   762 5,959
Mac-Gray Corp.   768 9,516
Matthews International Corp., Class A   253 7,620
Regis Corp. (L)   7,952 145,601
School Specialty, Inc. (I)(L)   2,471 7,438
Steiner Leisure, Ltd. (I)   148 6,783
Stewart Enterprises, Inc., Class A (L)   1,666 10,279
 
      355,321
Hotels, Restaurants & Leisure - 2.7%      
Bally Technologies, Inc. (I)   12,859 598,586
Benihana, Inc.   1,639 26,404
Biglari Holdings, Inc. (I)   222 86,909
Bluegreen Corp. (I)   7,080 35,754
Bob Evans Farms, Inc.   2,266 91,864
Boyd Gaming Corp. (I)(L)   13,073 99,616

 

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
Canterbury Park Holding Corp. (I) 100 $ 1,290
Churchill Downs, Inc. 1,871 112,260
DineEquity, Inc. (I) 14,815 711,120
Dover Downs Gaming & Entertainment, Inc. 2,392 6,985
Full House Resorts, Inc. (I) 632 1,845
Gaming Partners International Corp. 400 2,584
Gaylord Entertainment Company (I) 5,300 201,135
International Speedway Corp., Class A 5,732 137,797
Isle of Capri Casinos, Inc. (I)(L) 7,312 39,119
Life Time Fitness, Inc. (I) 2,800 120,008
Luby’s, Inc. (I) 6,723 34,355
Marcus Corp. 4,131 55,066
Monarch Casino & Resort, Inc. (I) 2,300 21,321
MTR Gaming Group, Inc. (I) 4,201 20,921
Multimedia Games    
Holding Company, Inc. (I)(L) 1,794 22,622
Orient Express Hotels, Ltd., Class A (I) 11,800 99,592
Papa John’s International, Inc. (I) 14,650 681,518
Pinnacle Entertainment, Inc. (I) 8,929 87,326
Red Lion Hotels Corp. (I) 314 2,660
Red Robin Gourmet Burgers, Inc. (I) 1,400 44,800
Rick’s Cabaret International, Inc. (I) 2,292 17,901
Ruby Tuesday, Inc. (I) 8,325 59,774
Ruth’s Hospitality Group, Inc. (I)(L) 2,796 18,342
Speedway Motorsports, Inc. 6,816 112,260
The Wendy’s Company 47,925 219,976
Vail Resorts, Inc. (L) 4,149 180,357
 
    3,952,067
Household Durables - 2.8%    
Acme United Corp. 300 3,159
Bassett Furniture Industries, Inc. 1,320 12,382
Beazer Homes USA, Inc. (I) 14,270 37,245
Blyth, Inc. 547 40,872
Cavco Industries, Inc. (I) 648 27,313
CSS Industries, Inc. 926 17,631
D.R. Horton, Inc. 2,270 37,682
Emerson Radio Corp. (I) 6,514 13,354
Furniture Brands International, Inc. (I) 11,407 13,232
Helen of Troy, Ltd. (I) 4,435 139,614
Hooker Furniture Corp. 2,845 31,238
Jarden Corp. 2,206 89,674
KB Home (L) 7,492 54,317
Kid Brands, Inc. (I) 2,309 5,288
La-Z-Boy, Inc. (I) 64,052 903,774
Lennar Corp., Class A (L) 8,134 221,977
Lennar Corp., Class B 1,165 25,129
Lifetime Brands, Inc. 795 8,920
M/I Homes, Inc. (I) 4,500 67,590
MDC Holdings, Inc. 1,223 35,125
Meritage Homes Corp. (I)(L) 33,178 995,672
Mohawk Industries, Inc. (I) 8,400 572,040
PulteGroup, Inc. (I) 28,129 263,287
Ryland Group, Inc. 4,400 98,384
Skyline Corp. 705 3,201
Standard Pacific Corp. (I)(L) 12,794 66,017
Stanley Furniture Company, Inc. (I) 2,115 8,249
Universal Electronics, Inc. (I) 103 1,349
Whirlpool Corp. 4,144 256,431
 
    4,050,146
Internet & Catalog Retail - 0.0%    
1-800-Flowers.com, Inc., Class A (I) 5,490 16,250
dELiA*s, Inc. (I) 3,000 4,560
Gaiam, Inc., Class A (I) 3,280 13,087

 

136

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Internet & Catalog Retail (continued)    
ValueVision Media, Inc. (I) 633 $ 1,101
 
    34,998
Leisure Equipment & Products - 0.7%    
Arctic Cat, Inc. (I) 2,170 78,467
Brunswick Corp. 31,566 691,295
Callaway Golf Company (L) 10,513 58,032
Jakks Pacific, Inc. (L) 3,677 67,988
Leapfrog Enterprises, Inc. (I) 7,584 79,025
Smith & Wesson Holding Corp. (I) 5,368 36,180
Steinway Musical Instruments, Inc. (I) 2,960 66,452
The Nautilus Group, Inc. (I) 1,456 4,368
 
    1,081,807
Media - 1.5%    
AH Belo Corp. 4,621 18,484
Beasley Broadcasting Group, Inc. (I) 447 2,686
Belo Corp., Class A 7,770 44,911
Central European Media Enterprises, Ltd. (I) 2,003 11,918
Clear Channel Outdoor Holdings, Inc., Class A 1,967 12,392
DreamWorks Animation SKG, Inc. (I)(L) 1,364 24,266
EW Scripps Company (I) 10,582 95,132
Fisher Communications, Inc. (I) 2,124 60,831
Gannett Company, Inc. (L) 17,417 227,466
Gray Television, Inc. (I) 8,117 11,283
Harte-Hanks, Inc. 9,457 79,817
Journal Communications, Inc., Class A (I) 8,168 34,632
Lee Enterprises, Inc. (I)(L) 3,600 4,176
Live Nation Entertainment, Inc. (I) 16,669 155,855
Martha Stewart Living    
Omnimedia, Inc., Class A 4,500 13,455
Media General, Inc., Class A (I)(L) 5,000 17,650
Meredith Corp. (L) 1,195 35,360
New Frontier Media, Inc. (I) 1,891 3,271
Outdoor Channel Holdings, Inc. 1,659 10,916
Radio One, Inc., Class D (I) 4,508 4,553
Salem Communications Corp., Class A 1,200 5,772
The Interpublic Group of Companies, Inc. (L) 73,251 761,078
The Madison Square Garden, Inc., Class A (I) 4,734 177,478
The McClatchy Company, Class A (I)(L) 13,372 29,285
The New York Times Company, Class A (I) 700 4,655
The Washington Post Company, Class B (L) 1,176 410,212
 
    2,257,534
Multiline Retail - 0.6%    
Dillard’s, Inc., Class A (L) 8,952 601,932
Fred’s, Inc., Class A (L) 7,054 96,993
Saks, Inc. (I)(L) 12,322 121,495
Tuesday Morning Corp. (I) 4,400 18,392
 
    838,812
Specialty Retail - 6.4%    
Americas Car-Mart, Inc. (I) 1,101 47,508
Asbury Automotive Group, Inc. (I) 1,599 42,741
Barnes & Noble, Inc. (I)(L) 9,129 149,989
Bebe Stores, Inc. 97,838 624,206
Big 5 Sporting Goods Corp. 235 1,530
Books-A-Million, Inc. (I)(L) 2,241 7,126
Brown Shoe Company, Inc. (L) 6,262 74,455
Build-A-Bear Workshop, Inc. (I) 3,247 14,741
Cabela’s, Inc. (I) 6,938 245,189
Cache, Inc. (I) 2,290 11,267
Casual Male Retail Group, Inc. (I) 6,459 19,700
Charming Shoppes, Inc. (I) 17,375 127,533
Christopher & Banks Corp. 7,727 9,272
Citi Trends, Inc. (I) 20 276

 

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Specialty Retail (continued)    
Collective Brands, Inc. (I) 8,484 $ 180,455
Conn’s, Inc. (I)(L) 7,677 134,271
Express, Inc. (I) 33,756 624,486
Foot Locker, Inc. 8,200 260,268
GameStop Corp., Class A (L) 16,216 311,023
Genesco, Inc. (I) 13,182 876,603
GNC Holdings, Inc., Class A 24,864 958,010
Golfsmith International Holdings, Inc. (I) 700 4,235
Group 1 Automotive, Inc. 3,300 172,788
Haverty Furniture Companies, Inc. 3,731 45,294
hhgregg, Inc. (I)(L) 1,994 21,436
HOT Topic, Inc. 6,589 65,297
Lithia Motors, Inc., Class A (L) 5,348 130,598
MarineMax, Inc. (I)(L) 4,389 42,310
New York & Company, Inc. (I) 2,900 10,237
Pacific Sunwear of California, Inc. (I)(L) 15,200 21,736
Penske Automotive Group, Inc. (L) 32,783 805,806
PEP Boys - Manny, Moe & Jack 9,800 90,944
Perfumania Holdings, Inc. (I) 1,016 7,925
Pier 1 Imports, Inc. 48,953 797,934
RadioShack Corp. (L) 2,661 12,347
Rent-A-Center, Inc. 12,800 430,976
Shoe Carnival, Inc. (I) 2,916 61,761
Sonic Automotive, Inc. (L) 2,665 39,682
Stage Stores, Inc. 5,947 102,229
Stein Mart, Inc. (I) 5,406 39,139
Systemax, Inc. (I)(L) 4,305 52,349
The Buckle, Inc. (L) 16,290 637,591
The Finish Line, Inc., Class A (L) 35,587 733,804
The Men’s Wearhouse, Inc. 7,700 277,123
The Wet Seal, Inc., Class A (I)(L) 14,505 41,194
West Marine, Inc. (I) 4,685 48,818
Zale Corp. (I) 6,957 16,279
 
    9,430,481
Textiles, Apparel & Luxury Goods - 0.9%    
Charles & Colvard, Ltd. (I) 775 2,984
Culp, Inc. (I) 600 5,808
Delta Apparel, Inc. (I) 522 7,397
G-III Apparel Group, Ltd. (I)(L) 381 9,415
Heelys, Inc. (I) 1,265 2,669
Iconix Brand Group, Inc. (I)(L) 14,828 222,123
K-Swiss, Inc., Class A (I) 2,217 6,629
Kenneth Cole Productions, Inc., Class A (I) 1,900 28,690
Lacrosse Footwear, Inc. 1,274 13,887
Lakeland Industries, Inc. (I) 700 5,621
Movado Group, Inc. 3,584 99,277
Perry Ellis International, Inc. (I) 2,224 41,833
PVH Corp. 8,460 685,260
Quiksilver, Inc. (I)(L) 18,231 50,135
RG Barry Corp. 1,273 16,371
Rocky Brands, Inc. (I) 1,126 14,897
Skechers U.S.A., Inc., Class A (I) 1,865 31,686
Tandy Brands Accessories, Inc. (I) 100 146
The Jones Group, Inc. 7,763 74,835
Unifi, Inc. (I) 4,120 45,444
 
    1,365,107
 
    25,292,017
Consumer Staples - 3.6%    
Beverages - 0.1%    
Central European Distribution Corp. (I)(L) 5,941 23,289
Coca-Cola Bottling Company Consolidated 570 34,924
Constellation Brands, Inc., Class A (I) 4,111 79,301
Craft Brewers Alliance, Inc. (I) 2,766 21,990

 

137

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Beverages (continued)    
MGP Ingredients, Inc. 2,626 $ 8,640
 
    168,144
Food & Staples Retailing - 1.0%    
Ingles Markets, Inc. 2,701 42,163
Nash Finch Company 2,322 47,856
Safeway, Inc. 11 209
Spartan Stores, Inc. 4,932 82,611
SUPERVALU, Inc. (L) 23,700 107,124
Susser Holdings Corp. (I) 3,944 115,362
The Andersons, Inc. 2,066 89,974
The Pantry, Inc. (I) 4,883 63,040
United Natural Foods, Inc. (I) 15,352 778,346
Weis Markets, Inc. 2,061 89,942
 
    1,416,627
Food Products - 2.1%    
Alico, Inc. 490 11,966
Cal-Maine Foods, Inc. 700 24,878
Chiquita Brands International, Inc. (I) 5,723 31,019
Corn Products International, Inc. (I) 13,858 708,005
Darling International, Inc. (I) 532 7,453
Dole Food Company, Inc. (I)(L) 9,842 87,397
Farmer Brothers Company (I) 145 992
Fresh Del Monte Produce, Inc. 9,985 234,348
Imperial Sugar Company (L) 2,770 17,479
Omega Protein Corp. (I) 4,810 32,083
Ralcorp Holdings, Inc. (I) 2,200 139,810
Seneca Foods Corp., Class A (I) 2,016 43,929
Smart Balance, Inc. (I) 6,928 41,083
Smithfield Foods, Inc. (I) 19,056 374,832
Snyders-Lance, Inc. 1,625 41,909
The Hain Celestial Group, Inc. (I)(L) 9,339 518,221
Tootsie Roll Industries, Inc. (L) 292 6,526
TreeHouse Foods, Inc. (I)(L) 12,819 730,811
 
    3,052,741
Household Products - 0.2%    
Central Garden & Pet Company (I) 2,591 23,371
Central Garden & Pet Company, Class A (I) 6,610 60,944
Oil-Dri Corp of America 855 16,442
Orchids Paper Products Company 100 1,627
Spectrum Brands Holdings, Inc. (I) 5,367 185,269
 
    287,653
Personal Products - 0.1%    
CCA Industries, Inc. 400 1,712
Inter Parfums, Inc. 1,402 22,011
Mannatech Inc (I) 83 415
Nutraceutical International Corp. (I) 2,391 35,769
Physicians Formula Holdings, Inc. (I) 200 624
Prestige Brands Holdings, Inc. (I) 9,609 131,932
 
    192,463
Tobacco - 0.1%    
Alliance One International, Inc. (I)(L) 16,283 46,732
Universal Corp. (L) 3,700 167,129
 
    213,861
 
    5,331,489
Energy - 6.7%    
Energy Equipment & Services - 4.1%    
Basic Energy Services, Inc. (I) 5,693 64,559
Bolt Technology Corp. 1,048 12,964
Bristow Group, Inc. 7,057 282,633
Cal Dive International, Inc. (I) 8,437 21,683

 

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Energy Equipment & Services (continued)    
Dawson Geophysical Company (I) 1,649 $ 37,432
Dresser-Rand Group, Inc. (I)(L) 13,430 589,308
ENGlobal Corp. (I) 267 481
Exterran Holdings, Inc. (I)(L) 9,219 106,387
Gulf Islands Fabrication, Inc. 3,360 84,000
Gulfmark Offshore, Inc., Class A (I) 5,420 193,440
Helix Energy Solutions Group, Inc. (I) 22,253 381,194
Hercules Offshore, Inc. (I) 20,463 67,733
Hornbeck Offshore Services, Inc. (I) 5,800 193,662
Lufkin Industries, Inc. (L) 8,162 469,070
Matrix Service Company (I) 5,600 58,184
Mitcham Industries, Inc. (I) 2,445 46,211
Nabors Industries, Ltd. (I) 10,197 138,169
Natural Gas Services Group, Inc. (I) 2,736 37,702
Newpark Resources, Inc. (I)(L) 14,056 81,384
Oceaneering International, Inc. 14,894 688,401
Oil States International, Inc. (I) 9,936 661,440
Parker Drilling Company (I) 16,600 81,174
Patterson-UTI Energy, Inc. 10,900 164,808
PHI, Inc. (I) 2,700 64,287
Pioneer Drilling Company (I) 13,710 102,002
Rowan Companies Plc (I) 13,921 417,630
SEACOR Holdings, Inc. (I) 2,519 217,163
Tesco Corp. (I) 139 1,671
Tetra Technologies, Inc. (I) 7,049 45,043
Tidewater, Inc. 5,452 245,776
Union Drilling, Inc. (I) 5,316 24,613
Unit Corp. (I) 10,500 417,795
Willbros Group, Inc. (I) 11,697 66,907
 
    6,064,906
Oil, Gas & Consumable Fuels - 2.6%    
Alon USA Energy, Inc. 8,155 69,073
Approach Resources, Inc. (I) 1,893 53,061
Bill Barrett Corp. (I) 4,159 80,310
BioFuel Energy Corp. (I) 4,818 1,421
BPZ Resources, Inc. (I)(L) 7,727 23,876
Clayton Williams Energy, Inc. (I) 372 21,256
Comstock Resources, Inc. (I) 5,496 82,165
Contango Oil & Gas Company (I) 306 16,077
Crimson Exploration, Inc. (I) 6,418 25,479
Crosstex Energy, Inc. 4,489 60,646
CVR Energy, Inc. (I) 4,991 0
Delek US Holdings, Inc. 5,562 89,604
DHT Holdings, Inc. (L)(L) 15,789 10,721
Double Eagle Petroleum &    
Mining Company (I) 1,718 7,216
Endeavour International Corp. (I)(L) 3,910 39,061
Energen Corp. 14,802 653,508
Energy Partners, Ltd. (I) 7,993 126,209
GeoResources, Inc. (I) 1,959 69,936
GMX Resources, Inc. (I)(L) 500 484
Green Plains Renewable Energy, Inc. (I)(L) 7,707 54,643
Harvest Natural Resources, Inc. (I)(L) 6,322 34,708
HKN, Inc. (I) 349 827
Magnum Hunter Resources Corp. (I) 4,508 18,167
Nordic American Tanker Shipping, Ltd. 396 4,966
Overseas Shipholding Group, Inc. (L) 4,418 48,245
Penn Virginia Corp. (L) 5,500 30,910
Petroleum Development Corp. (I) 3,810 94,640
Petroquest Energy, Inc. (I) 2,200 10,890
Plains Exploration & Production Company (I) 1,986 71,079
Rex Energy Corp. (I) 3,679 37,011
Rosetta Resources, Inc. (I) 15,479 598,883
SemGroup Corp., Class A (I) 2,466 74,350

 

138

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Ship Finance International, Ltd. (L) 2,539 $ 39,329
Stone Energy Corp. (I) 2,107 49,641
Swift Energy Company (I) 6,796 135,308
Teekay Corp. 4,049 109,080
Tesoro Corp. (I) 21,000 464,520
Triangle Petroleum Corp. (I)(L) 4,500 22,950
USEC, Inc. (I)(L) 23,391 16,893
Vaalco Energy, Inc. (I) 1,986 16,941
Warren Resources, Inc. (I) 7,110 15,287
Western Refining, Inc. 21,251 410,994
 
    3,790,365
 
    9,855,271
Financials - 20.9%    
Capital Markets - 1.6%    
Affiliated Managers Group, Inc. (I) 5,823 600,177
American Capital, Ltd. (I) 42,022 389,124
Calamos Asset Management, Inc. 810 8,813
Capital Southwest Corp. 697 60,967
Cowen Group, Inc., Class A (I) 25,390 64,491
E*TRADE Financial Corp. (I) 2,857 24,256
Edelman Financial Group, Inc. 4,208 36,147
Evercore Partners, Inc., Class A 21,327 526,990
FirstCity Financial Corp. (I) 400 3,592
GFI Group, Inc. (L) 7,774 21,145
Gleacher & Company, Inc. (I) 4,718 4,010
Harris & Harris Group, Inc. (I) 4,423 15,613
ICG Group, Inc. (I) 1,662 14,459
INTL FCStone, Inc. (I) 199 3,638
Investment Technology Group, Inc. (I) 6,101 57,837
Janus Capital Group, Inc. 460 3,358
Jefferies Group, Inc. 325 4,342
JMP Group, Inc. 3,000 17,430
KBW, Inc. 409 6,630
Knight Capital Group, Inc., Class A (I) 2,121 26,661
Legg Mason, Inc. 13,701 348,690
MCG Capital Corp. 14,794 65,242
Medallion Financial Corp. 3,535 36,481
Oppenheimer Holdings, Inc., Class A 1,506 21,114
Penson Worldwide, Inc. (I)(L) 4,893 1,468
Piper Jaffray Companies (I) 300 6,573
Safeguard Scientifics, Inc. (I) 1,932 29,270
SWS Group, Inc. (I) 4,200 24,150
 
    2,422,668
Commercial Banks - 8.1%    
1st Source Corp. 3,680 78,421
1st United Bancorp, Inc. (I) 1,670 9,619
American National Bankshares, Inc. 48 1,046
Ameris Bancorp (I) 2,259 25,685
Arrow Financial Corp. 150 3,579
Associated Banc-Corp. 20,118 254,694
BancFirst Corp. 601 22,796
Bancorp, Inc. (I) 5,997 54,513
BancTrust Financial Group, Inc. (I) 2,912 8,561
Bank of Florida Corp. (I) 2,087 0
Banner Corp. 2,395 45,984
BBCN Bancorp, Inc. (I) 8,740 94,305
Boston Private Financial Holdings, Inc. (L) 12,512 112,858
Bryn Mawr Bank Corp. 358 7,328
Camden National Corp. 211 6,803
Capital City Bank Group, Inc. 2,956 19,864
Cardinal Financial Corp. 4,374 49,864
Cathay General Bancorp 7,662 127,036
Center Bancorp, Inc. 785 8,093

 

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Centerstate Banks, Inc. 2,800 $ 20,272
Central Pacific Financial Corp. (I) 27 346
Chemical Financial Corp. 2,894 58,835
City Holding Company 650 20,917
CoBiz Financial, Inc. 5,644 34,316
Columbia Banking System, Inc. 2,661 48,217
Commerce Bancshares, Inc. (L) 14,410 558,243
Community Bank Systems, Inc. 2,500 66,525
Community Trust Bancorp, Inc. 1,331 43,963
CVB Financial Corp. (L) 72,677 791,453
East West Bancorp, Inc. 29,989 671,454
Encore Bancshares, Inc. (I) 1,486 30,626
Enterprise Financial Services Corp. 3,205 34,646
Fidelity Southern Corp. 780 6,669
Financial Institutions, Inc. 1,228 20,066
First BanCorp Puerto Rico (I) 807 2,946
First Bancorp Troy NC 3,981 36,983
First Busey Corp. 6,309 29,274
First California Financial Group, Inc. (I) 2,606 17,669
First Commonwealth Financial Corp. (L) 18,527 116,164
First Community Bancshares, Inc. 2,119 26,254
First Financial Bancorp 2,000 30,720
First Financial Corp./Indiana 1,254 35,175
First Horizon National Corp. 1,198 10,159
First Interstate Bancsystem, Inc. 1,557 21,720
First Merchants Corp. 5,559 65,207
First Midwest Bancorp, Inc. 7,964 80,357
First Niagara Financial Group, Inc. 17,695 142,799
First South Bancorp, Inc. (I) 777 3,636
FirstMerit Corp. 10,793 171,609
FNB Corp. (L) 68,568 728,192
German American Bancorp, Inc. 156 2,856
Glacier Bancorp, Inc. 2,400 34,440
Great Southern Bancorp, Inc. 1,203 28,162
Greene County Bancshares, Inc. (I) 3,216 5,242
Hanmi Financial Corp. (I) 1,176 11,043
Heartland Financial USA, Inc. 1,587 30,153
Heritage Commerce Corp. (I) 2,067 12,733
Heritage Financial Corp. 100 1,385
Hudson Valley Holding Corp. 598 9,987
IBERIABANK Corp. (L) 1,700 82,433
Independent Bank Corp. - MA (L) 2,687 72,630
Independent Bank Corp. - Michigan (I) 2,100 7,245
International Bancshares Corp. 12,100 223,487
Intervest Bancshares Corp. (I) 437 1,656
Lakeland Bancorp, Inc. 3,353 30,143
Lakeland Financial Corp. 1,305 33,525
Macatawa Bank Corp. (I)(L) 800 2,672
MainSource Financial Group, Inc. 4,787 52,944
MB Financial, Inc. 7,939 161,241
MBT Financial Corp. (I) 1,037 2,769
Mercantile Bank Corp. (I) 1,058 15,415
Metro Bancorp, Inc. (I) 1,942 21,983
Midsouth Bancorp, Inc. 91 1,199
MidWestOne Financial Group, Inc. 305 5,874
National Penn Bancshares, Inc. (L) 11,091 98,821
NBT Bancorp, Inc. 1,263 25,096
NewBridge Bancorp. (I) 2,100 8,967
North Valley Bancorp (I) 43 555
Northrim BanCorp, Inc. 492 10,696
Old National Bancorp 4,401 51,008
Old Second Bancorp, Inc. (I)(L) 1,554 2,051
OmniAmerican Bancorp, Inc. (I) 1,661 32,855
Oriental Financial Group, Inc. 4,139 43,335

 

139

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Pacific Continental Corp. 2,139 $ 19,251
Pacific Mercantile Bancorp (I) 1,399 8,814
PacWest Bancorp 1,100 25,091
Park National Corp. (L) 500 32,265
Peoples Bancorp, Inc. 2,601 48,821
Pinnacle Financial Partners, Inc. (I) 6,390 109,013
Popular, Inc. (I) 6,410 97,884
Porter Bancorp, Inc. 735 1,176
Preferred Bank/Los Angeles CA (I) 173 2,123
PrivateBancorp, Inc. 200 2,946
Renasant Corp. 5,254 80,334
Republic Bancorp, Inc., Class A 667 14,074
Republic First Bancorp, Inc. (I) 1,501 2,987
S&T Bancorp, Inc. 2,700 46,359
Sandy Spring Bancorp, Inc. 2,665 47,410
SCBT Financial Corp. 1,058 35,856
Seacoast Banking Corp. of Florida (I) 3,000 4,530
Shore Bancshares, Inc. 600 3,510
Sierra Bancorp 1,564 14,060
Simmons First National Corp., Class A 1,519 36,122
Southern Community Financial Corp. (I) 1,600 4,448
Southside Bancshares, Inc. 1,462 30,673
Southwest Bancorp, Inc. (I) 3,030 28,967
StellarOne Corp. 5,610 67,769
Sterling Bancorp 2,700 24,570
Sun Bancorp, Inc. (I) 1,364 3,192
Susquehanna Bancshares, Inc. 106,763 1,028,128
Synovus Financial Corp. (L) 105,279 201,083
Taylor Capital Group, Inc. (I) 1,839 27,364
Texas Capital Bancshares, Inc. (I)(L) 30,398 1,178,834
TIB Financial Corp. (I) 275 3,506
Tompkins Financial Corp. 443 16,218
TowneBank (L) 2,666 33,107
TriCo Bancshares 1,200 18,420
Trustmark Corp. 2,300 56,166
UMB Financial Corp. 1,309 63,840
Umpqua Holdings Corp. 16,004 205,331
Union First Market Bankshares Corp. 2,929 40,889
United Community Banks, Inc. (I) 2,642 21,744
Univest Corp. of Pennsylvania 1,917 30,710
Virginia Commerce Bancorp, Inc. (I) 5,671 46,786
Washington Banking Company 1,315 17,845
Washington Trust Bancorp, Inc. 2,092 49,288
Webster Financial Corp. 5,724 116,025
WesBanco, Inc. 5,098 103,642
West Bancorp, Inc. 1,494 13,864
West Coast Bancorp (I) 1,371 25,775
Western Alliance Bancorp (I) 10,973 95,685
Wilshire Bancorp, Inc. (I) 2,734 13,697
Wintrust Financial Corp. (L) 25,097 853,549
Yadkin Valley Financial Corp. (I) 1,614 4,568
Zions Bancorporation 45,524 866,322
 
    11,951,471
Consumer Finance - 0.1%    
Cash America International, Inc. (L) 1,700 75,616
CompuCredit Holdings Corp. (I)(L) 1,528 6,188
Nelnet, Inc., Class A 4,940 115,300
The First Marblehead Corp. (I)(L) 4,620 5,267
 
    202,371
Diversified Financial Services - 0.5%    
Interactive Brokers Group, Inc., Class A 2,900 41,354
Marlin Business Services Corp. 2,737 39,440
MicroFinancial, Inc. 400 3,200

 

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Diversified Financial Services (continued)    
NewStar Financial, Inc. (I) 7,164 $ 80,094
PHH Corp. (I)(L) 6,924 114,731
PICO Holdings, Inc. (I) 1,400 31,024
Resource America, Inc. 3,296 20,073
The NASDAQ OMX Group, Inc. 18,489 404,539
 
    734,455
Insurance - 6.9%    
21st Century Holding Company (I) 1,233 5,018
Affirmative Insurance Holdings, Inc. (I) 1,153 186
Allied World Assurance    
Company Holdings, Ltd. 5,100 392,190
Alterra Capital Holdings, Ltd. 8,508 188,963
American Equity Investment Life    
Holding Company (L) 11,036 116,761
American Financial Group, Inc. 32,883 1,278,820
American National Insurance Company 431 29,446
American Safety Insurance Holdings, Ltd. (I) 2,162 38,830
AMERISAFE, Inc. (I) 2,500 68,475
Argo Group International Holdings, Ltd. 4,561 127,617
Arthur J. Gallagher & Company (L) 23,110 802,841
Aspen Insurance Holdings, Ltd. 7,772 219,637
Assurant, Inc. 9,808 327,391
Assured Guaranty, Ltd. 22,149 264,459
Axis Capital Holdings, Ltd. 10,224 336,370
Baldwin & Lyons, Inc., Class B 49 1,041
Citizens, Inc., Class A (I)(L) 3,000 24,210
CNO Financial Group, Inc. 43,615 299,199
Donegal Group, Inc. 2,470 36,729
Eastern Insurance Holdings, Inc. 2,200 33,792
EMC Insurance Group, Inc. 570 11,309
Employers Holdings, Inc. 1,300 21,970
Endurance Specialty Holdings, Ltd. 5,786 226,001
Enstar Group, Ltd. (I) 371 33,806
FBL Financial Group, Inc., Class A 5,765 147,180
First Acceptance Corp. (I) 4,470 6,392
First American Financial Corp. 6,737 106,175
Flagstone Reinsurance Holdings SA 13,753 101,635
Genworth Financial, Inc., Class A (I) 31,119 163,064
Global Indemnity PLC (I) 2,416 50,446
Greenlight Capital Re, Ltd., Class A (I) 2,000 49,520
Hallmark Financial Services, Inc. (I) 3,571 25,426
Hilltop Holdings, Inc. (I) 10,029 104,302
Homeowners Choice, Inc. 1,195 16,312
Horace Mann Educators Corp. 6,503 111,266
Independence Holding Company 2,816 25,485
Kemper Corp. 10,242 299,988
Maiden Holdings, Ltd. 10,361 84,339
MBIA, Inc. (I)(L) 17,804 159,702
Meadowbrook Insurance Group, Inc. 6,598 58,656
Montpelier Re Holdings, Ltd. 9,927 207,276
National Financial Partners Corp. (I)(L) 3,819 50,793
National Interstate Corp. 809 20,176
Old Republic International Corp. 26,902 265,523
OneBeacon Insurance Group, Ltd. 2,629 34,361
PartnerRe, Ltd. 4,126 292,410
Platinum Underwriters Holdings, Ltd. 3,612 131,116
Presidential Life Corp. 5,383 47,424
Primerica, Inc. 677 16,295
Protective Life Corp. 10,342 272,615
Reinsurance Group of America, Inc. 8,136 408,183
RLI Corp. 700 46,648
Safety Insurance Group, Inc. 1,282 51,421
SeaBright Holdings, Inc. 3,390 28,747
Selective Insurance Group, Inc. 3,257 55,043

 

140

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
StanCorp Financial Group, Inc. 4,763 $ 165,800
State Auto Financial Corp. 4,956 67,649
Stewart Information Services Corp. 3,868 53,494
Symetra Financial Corp. 2,237 25,278
The Hanover Insurance Group, Inc. 3,000 117,030
The Navigators Group, Inc. (I) 1,843 89,293
The Phoenix Companies, Inc. (I) 26,230 42,493
Tower Group, Inc. 8,083 158,669
United Fire Group, Inc. 1,493 31,726
Universal Insurance Holdings, Inc. 2,559 8,957
Validus Holdings, Ltd. 8,353 262,117
W.R. Berkley Corp. 20,620 790,158
 
    10,135,644
Real Estate Investment Trusts - 2.1%    
DCT Industrial Trust, Inc. 140,100 815,382
Douglas Emmett, Inc. 33,200 710,480
Education Realty Trust, Inc. (L) 67,800 747,156
LaSalle Hotel Properties 27,020 745,212
 
    3,018,230
Real Estate Management & Development - 0.5%    
AV Homes, Inc. (I) 2,810 31,613
Consolidated-Tomoka Land Company 200 5,550
Forestar Group, Inc. (I) 663 8,944
Jones Lang LaSalle, Inc. 8,175 592,688
Thomas Properties Group, Inc. 4,372 20,723
ZipRealty, Inc. (I) 1,200 1,788
 
    661,306
Thrifts & Mortgage Finance - 1.1%    
Astoria Financial Corp. (L) 8,163 73,385
Atlantic Coast Financial Corp. (I) 176 361
Bank Mutual Corp. 7,055 24,269
Bankatlantic Bancorp, Inc. (I) 1,405 6,899
BankFinancial Corp. 4,921 33,364
Beneficial Mutual Bancorp, Inc. (I) 2,325 20,111
Berkshire Hill Bancorp, Inc. 2,695 58,805
BofI Holding, Inc. (I) 1,730 32,489
Brookline Bancorp, Inc. 6,544 57,522
Cape Bancorp, Inc. (I) 443 3,633
Clifton Savings Bancorp, Inc. 202 2,060
Dime Community Bancshares 2,740 35,784
Doral Financial Corp. (I) 7,640 11,002
ESSA Bancorp, Inc. 2,103 21,661
Federal Agricultural Mortgage Corp., Class C 1,732 41,776
First Defiance Financial Corp. 1,313 20,995
First Financial Holdings, Inc. 3,514 33,734
First Financial Northwest, Inc. (I) 2,932 22,342
First PacTrust Bancorp, Inc. 935 10,519
Flushing Financial Corp. 4,011 51,742
Fox Chase Bancorp, Inc. 84 1,077
Hampden Bancorp, Inc. 942 12,340
Home Bancorp, Inc. (I) 1,531 25,644
Home Federal Bancorp, Inc. 3,822 34,207
Hudson City Bancorp, Inc. 6,004 37,225
Kaiser Federal Financial Group, Inc. 627 8,772
Kearny Financial Corp. 378 3,500
Louisiana Bancorp, Inc. (I) 100 1,569
Meridian Interstate Bancorp, Inc. (I) 1,777 23,368
MGIC Investment Corp. (I)(L) 10,189 25,880
New England Bancshares, Inc. 100 1,270
Northfield Bancorp, Inc. 60 829
Northwest Bancshares, Inc. 6,907 79,223
OceanFirst Financial Corp. 1,640 23,124
Oritani Financial Corp. 2,000 27,380

 

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Thrifts & Mortgage Finance (continued)    
People’s United Financial, Inc. 20,196 $ 234,879
Provident Financial Holdings, Inc. 505 5,454
Provident Financial Services, Inc. 9,062 126,415
Provident New York Bancorp 2,310 17,833
Radian Group, Inc. (L) 23,661 58,679
Rockville Financial, Inc. 1,019 11,464
Roma Financial Corp. 100 804
Territorial Bancorp, Inc. 952 20,401
TierOne Corp. (I) 1,301 1
Tree.com, Inc. (I) 2,817 25,438
TrustCo Bank Corp. 2,454 12,712
United Financial Bancorp, Inc. 2,341 32,259
ViewPoint Financial Group 1,220 18,605
Walker & Dunlop, Inc. (I) 64 751
Washington Federal, Inc. 9,600 157,536
Waterstone Financial, Inc. (I) 718 2,836
Westfield Financial, Inc. 5,678 40,200
WSFS Financial Corp. 53 1,971
 
    1,636,099
 
    30,762,244
Health Care - 8.7%    
Biotechnology - 0.6%    
Astex Pharmaceuticals (I) 6,119 10,769
Celldex Therapeutics, Inc. (I) 4,514 18,823
Cubist Pharmaceuticals, Inc. (I) 19,657 788,639
Emergent Biosolutions, Inc. (I) 200 2,884
Enzon Pharmaceuticals, Inc. (I)(L) 4,700 30,221
Infinity Pharmaceuticals, Inc. (I) 595 7,741
Maxygen, Inc. (I) 5,514 31,926
MediciNova, Inc. (I) 906 1,586
Myriad Pharmaceuticals, Inc. (I) 1,157 2,788
Repligen Corp. (I) 1,800 7,362
Synageva BioPharma Corp. (I) 835 32,573
 
    935,312
Health Care Equipment & Supplies - 1.9%    
Accuray, Inc. (I) 1,020 6,395
Alere, Inc. (I) 7,515 138,051
Alphatec Holdings, Inc. (I)(L) 11,650 19,223
Analogic Corp. 900 59,346
AngioDynamics, Inc. (I) 4,853 58,430
Anika Therapeutics, Inc. (I) 2,936 39,930
Cantel Medical Corp. 900 19,674
CONMED Corp. 2,832 75,869
CryoLife, Inc. (I) 2,939 13,578
Cutera, Inc. (I)(L) 2,718 18,781
Cynosure, Inc. (I) 2,183 43,049
Digirad Corp. (I) 3,687 8,369
Exactech, Inc. (I) 1,030 16,748
Greatbatch, Inc. (I) 4,338 90,057
Hologic, Inc. (I) 11,145 186,790
Invacare Corp. 5,104 75,999
IRIS International, Inc. (I) 300 3,198
LeMaitre Vascular, Inc. 300 1,671
Medical Action Industries, Inc. (I) 1,100 4,741
Merit Medical Systems, Inc. (I) 1,762 22,906
Natus Medical, Inc. (I) 2,800 31,360
NuVasive, Inc. (I) 1,300 25,688
Palomar Medical Technologies, Inc. (I) 1,400 11,648
Rochester Medical Corp. (I) 200 1,998
RTI Biologics, Inc. (I) 10,804 38,786
Solta Medical, Inc. (I) 3,297 8,605
STERIS Corp. 300 8,958
SurModics, Inc. (I) 2,083 29,016

 

141

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Equipment & Supplies (continued)    
Symmetry Medical, Inc. (I) 5,526 $ 42,771
Teleflex, Inc. 15,698 932,461
The Cooper Companies, Inc. 6,115 520,876
TranS1, Inc. (I) 1,749 5,125
West Pharmaceutical Services, Inc. 1,200 57,360
Wright Medical Group, Inc. (I)(L) 5,155 102,017
Young Innovations, Inc. 689 23,915
 
    2,743,389
Health Care Providers & Services - 3.8%    
Addus Homecare Corp. (I) 1,215 4,848
Almost Family, Inc. (I) 70 1,556
Amedisys, Inc. (I) 4,462 48,948
AMERIGROUP Corp. (I)(L) 12,220 762,528
AMN Healthcare Services, Inc. (I) 2,215 13,290
Amsurg Corp. (I)(L) 35,305 964,533
Assisted Living Concepts, Inc. 4,541 62,847
BioScrip, Inc. (I) 5,848 39,532
Capital Senior Living Corp. (I) 5,362 52,977
CardioNet, Inc. (I) 4,900 11,221
Centene Corp. (I) 2,721 98,337
Community Health Systems, Inc. (I) 8,200 180,482
Coventry Health Care, Inc. 16,171 491,598
Cross Country Healthcare, Inc. (I) 4,185 19,000
Dynacq Healthcare, Inc. (I) 941 508
ExamWorks Group, Inc. (I) 170 1,916
Five Star Quality Care, Inc. (I) 5,481 16,991
Gentiva Health Services, Inc. (I)(L) 22,767 127,723
Hanger Orthopedic Group, Inc. (I) 2,169 46,785
Healthways, Inc. (I) 5,459 35,756
Integramed America, Inc. (I) 1,300 14,443
IPC The Hospitalist Company, Inc. (I) 16,954 593,220
Kindred Healthcare, Inc. (I) 777 6,426
LHC Group, Inc. (I) 400 6,700
LifePoint Hospitals, Inc. (I) 4,532 166,868
Magellan Health Services, Inc. (I) 2,450 103,317
MedCath Corp. 4,104 32,257
Molina Healthcare, Inc. (I) 5,724 146,019
National Healthcare Corp. 1,717 73,505
Omnicare, Inc. 14,366 452,816
Owens & Minor, Inc. 364 10,363
PharMerica Corp. (I) 3,519 34,944
Select Medical Holdings Corp. (I)(L) 1,512 13,971
Skilled Healthcare Group, Inc. (I) 1,385 7,631
Sun Healthcare Group, Inc. (I) 2,289 11,102
The Ensign Group, Inc. 3 76
The Providence Service Corp. (I) 913 12,143
Triple-S Management Corp., Class B (I) 4,238 73,572
Universal American Corp. (I) 16,337 160,593
Universal Health Services, Inc., Class B (L) 17,930 694,788
WellCare Health Plans, Inc. (I) 35 1,976
 
    5,598,106
Health Care Technology - 0.1%    
MedAssets, Inc. (I) 3,035 34,356
Omnicell, Inc. (I) 3,400 44,506
 
    78,862
Life Sciences Tools & Services - 1.1%    
Affymetrix, Inc. (I) 9,175 43,490
Albany Molecular Research, Inc. (I) 1,696 4,393
Bio-Rad Laboratories, Inc., Class A (I) 6,478 645,274
BioClinica, Inc. (I) 1,800 9,270
Cambrex Corp. (I) 6,793 48,842
Charles River    
Laboratories International, Inc. (I) 18,168 606,448

 

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Life Sciences Tools & Services (continued)    
Enzo Biochem, Inc. (I) 2,322 $ 4,226
eResearch Technology, Inc. (I) 2,841 22,444
Harvard Bioscience, Inc. (I) 6,820 24,416
PerkinElmer, Inc. 4,860 129,276
 
    1,538,079
Pharmaceuticals - 1.2%    
Cumberland Pharmaceuticals, Inc. (I) 357 2,192
Endo Pharmaceuticals Holdings, Inc. (I) 20,007 650,628
Lannett Company, Inc. (I) 3,230 13,082
Pozen, Inc. (I) 2,103 14,574
Questcor Pharmaceuticals, Inc. (I)(L) 19,811 820,175
SciClone Pharmaceuticals, Inc. (I) 430 2,709
Sucampo Pharmaceuticals, Inc. (I) 819 6,003
ViroPharma, Inc. (I)(L) 14,738 296,823
 
    1,806,186
 
    12,699,934
Industrials - 17.2%    
Aerospace & Defense - 1.8%    
AAR Corp. (L) 21,082 254,038
Aerovironment, Inc. (I)(L) 23,808 530,442
Ascent Solar Technologies, Inc. (I) 6,979 4,048
Ceradyne, Inc. (L) 5,778 145,548
CPI Aerostructures, Inc. (I) 1,142 16,628
Cubic Corp. 400 17,360
Curtiss-Wright Corp. 6,943 210,998
Ducommun, Inc. (I) 1,656 14,954
Esterline Technologies Corp. (I) 4,702 303,702
Exelis, Inc. 257 2,570
GeoEye, Inc. (I)(L) 600 11,496
Huntington Ingalls Industries, Inc. (I) 1,582 58,186
Innovative Solutions & Support, Inc. (I) 975 3,442
Kratos Defense &    
Security Solutions, Inc. (I)(L) 3,577 19,352
LMI Aerospace, Inc. (I) 2,716 42,641
Moog, Inc., Class A (I) 328 12,471
Orbital Sciences Corp., Class A (I) 1,500 16,785
SIFCO Industries, Inc. 400 7,596
Sparton Corp. (I) 2,225 19,803
Sypris Solutions, Inc. 500 2,950
Triumph Group, Inc. (L) 15,090 902,986
 
    2,597,996
Air Freight & Logistics - 0.6%    
Air Transport Services Group, Inc. (I) 9,088 46,076
Atlas Air Worldwide Holdings, Inc. (I) 4,477 203,345
Pacer International, Inc. (I) 5,413 30,529
UTi Worldwide, Inc. 35,949 562,242
XPO Logistics, Inc. (I) 60 1,072
 
    843,264
Airlines - 0.2%    
Hawaiian Holdings, Inc. (I) 6,000 34,680
JetBlue Airways Corp. (I)(L) 29,514 154,358
Pinnacle Airlines Corp. (I) 4,650 377
Republic Airways Holdings, Inc. (I)(L) 6,149 33,328
SkyWest, Inc. 6,640 46,812
 
    269,555
Building Products - 0.7%    
Ameresco, Inc., Class A (I) 383 4,117
American Woodmark Corp. (I) 1,000 16,910
Apogee Enterprises, Inc. 5,813 85,916
Builders FirstSource, Inc. (I)(L) 7,703 30,504
Gibraltar Industries, Inc. (I) 4,938 50,466

 

142

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Building Products (continued)    
Griffon Corp. (L) 12,674 $ 101,519
Insteel Industries, Inc. 3,280 29,946
Owens Corning, Inc. (I) 12,149 374,918
PGT, Inc. (I) 6,113 15,833
Quanex Building Products Corp. 3,300 54,483
Simpson Manufacturing Company, Inc. 3,200 88,928
Universal Forest Products, Inc. 3,700 139,305
US Home Systems, Inc. 400 3,428
 
    996,273
Commercial Services & Supplies - 2.7%    
ABM Industries, Inc. (L) 31,873 684,313
Acorn Energy, Inc. 767 6,773
American Reprographics Company (I) 6,377 32,969
AMREP Corp. (I) 100 660
Asset Acceptance Capital Corp. (I) 2,909 16,901
Asta Funding, Inc. 2,466 21,602
Casella Waste Systems, Inc., Class A (I) 1,931 9,771
CECO Environmental Corp. 848 6,004
Consolidated Graphics, Inc. (I) 1,103 32,175
Courier Corp. 1,247 13,630
Covanta Holding Corp. 3,850 60,214
Encore Capital Group, Inc. (I) 10 242
EnergySolutions, Inc. (I) 11,105 39,090
Ennis, Inc. 5,046 71,754
Fuel Tech, Inc. (I) 2,200 8,822
G&K Services, Inc., Class A 2,091 61,015
Interface, Inc. (L) 61,200 776,628
Intersections, Inc. 1,826 20,871
Kimball International, Inc., Class B 4,815 33,127
McGrath RentCorp 2,214 55,904
Metalico, Inc. (I) 6,103 15,441
Mobile Mini, Inc. (I)(L) 8,178 112,366
Multi-Color Corp. 1,848 34,243
NL Industries, Inc. 3,600 43,992
R.R. Donnelley & Sons Company (L) 1,615 17,377
Schawk, Inc., Class A 3,135 34,955
Steelcase, Inc., Class A 5,996 52,585
Sykes Enterprises, Inc. (I) 1,362 20,498
Team, Inc. (I)(L) 25,251 673,697
Tetra Tech, Inc. (I) 1,191 29,763
The Geo Group, Inc. (I) 4,007 87,192
Unifirst Corp. 1,824 104,369
United Stationers, Inc. 3,084 77,871
Versar, Inc. (I) 2,653 8,145
Viad Corp. 4,281 75,817
Virco Manufacturing Corp. (I) 700 1,281
Waste Connections, Inc. (L) 20,312 628,656
 
    3,970,713
Construction & Engineering - 0.9%    
AECOM Technology Corp. (I) 4,165 67,848
Aegion Corp. (I) 1,037 16,353
Argan, Inc. 207 2,749
Comfort Systems USA, Inc. 2,367 21,492
Dycom Industries, Inc. (I) 4,276 83,724
EMCOR Group, Inc. 500 13,675
Granite Construction, Inc. 4,085 93,628
Great Lakes Dredge & Dock Corp. 13,165 85,573
Integrated Electrical Services, Inc. (I) 427 1,418
Layne Christensen Company (I) 3,684 69,075
MasTec, Inc. (I) 775 12,671
Michael Baker Corp. (I) 600 13,830
MYR Group, Inc. (I) 1,600 24,336
Northwest Pipe Company (I) 1,838 37,440

 

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Construction & Engineering (continued)    
Pike Electric Corp. (I) 6,752 $ 48,749
Quanta Services, Inc. (I) 19,175 432,972
Sterling Construction Company, Inc. (I) 1,987 17,883
Tutor Perini Corp. (I) 6,945 78,062
URS Corp. 7,479 270,515
 
    1,391,993
Electrical Equipment - 1.2%    
Allied Motion Technologies, Inc. 124 715
AZZ, Inc. 438 23,490
Belden, Inc. 21,334 666,688
Brady Corp., Class A 3,912 107,345
Encore Wire Corp. 4,977 124,475
EnerSys, Inc. (I) 5,755 189,800
General Cable Corp. (I)(L) 4,449 126,619
Global Power Equipment Group, Inc. 468 8,625
GrafTech International, Ltd. (I) 38,502 410,816
Hoku Corp. (I) 435 71
LSI Industries, Inc. 3,751 22,956
Ocean Power Technologies, Inc. (I) 1,713 3,563
Orion Energy Systems, Inc. (I) 2,343 5,037
Powell Industries, Inc. (I) 869 31,962
PowerSecure International, Inc. (I)(L) 2,424 10,060
SL Industries, Inc. (I) 300 4,002
Ultralife Corp. (I) 4,215 17,829
 
    1,754,053
Industrial Conglomerates - 0.1%    
Standex International Corp. 2,850 115,967
Machinery - 4.9%    
Accuride Corp. (I) 114 675
Actuant Corp., Class A 1,800 47,106
AGCO Corp. (I) 1,429 57,460
Alamo Group, Inc. 2,281 70,643
Albany International Corp., Class A 4,013 73,197
Altra Holdings, Inc. 457 7,664
American Railcar Industries, Inc. (I) 3,956 83,669
Ampco-Pittsburgh Corp. 1,873 29,088
Astec Industries, Inc. (I) 500 13,725
Barnes Group, Inc. 8,981 208,988
Briggs & Stratton Corp. (L) 5,637 95,265
Cascade Corp. 851 42,516
CIRCOR International, Inc. 432 13,906
Columbus McKinnon Corp. (I) 2,631 40,623
Douglas Dynamics, Inc. 1,091 13,943
Dynamic Materials Corp. 1,001 16,897
Energy Recovery, Inc. (I) 3,436 7,697
EnPro Industries, Inc. (I)(L) 1,300 50,076
ESCO Technologies, Inc. 2,184 76,222
Federal Signal Corp. (I) 11,880 59,162
Flow International Corp. (I) 2,434 7,180
FreightCar America, Inc. 2,000 39,660
Gardner Denver, Inc. (L) 8,568 463,357
Gencor Industries, Inc. (I) 604 4,252
Greenbrier Companies, Inc. (I) 4,947 68,466
Hardinge, Inc. 3,300 30,855
Harsco Corp. 525 10,553
Hurco Companies, Inc. (I) 1,523 33,597
IDEX Corp. 16,617 660,193
Kaydon Corp. (L) 3,324 74,158
Key Technology, Inc. (I) 105 998
LB Foster Company 153 4,229
Lydall, Inc. (I) 2,591 32,258
Met-Pro Corp. 2,224 21,084
MFRI, Inc. (I) 780 5,827

 

143

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery (continued)    
Miller Industries, Inc. 2,259 $ 32,801
Mueller Industries, Inc. (L) 5,081 215,841
Mueller Water Products, Inc. 23,325 81,404
NACCO Industries, Inc., Class A 500 52,465
NN, Inc. (I) 3,719 28,711
Oshkosh Corp. (I) 5,038 103,128
Robbins & Myers, Inc. 2,151 98,064
Tecumseh Products Company, Class A (I) 100 470
Terex Corp. (I) 8,287 137,813
The Eastern Company 100 1,731
Titan International, Inc. (L) 34,738 778,131
TriMas Corp. (I) 36,384 728,044
Trinity Industries, Inc. 36,935 912,295
Valmont Industries, Inc. 7,513 860,239
Watts Water Technologies, Inc., Class A 23,657 781,864
 
    7,278,190
Marine - 0.3%    
Alexander & Baldwin, Inc. (I) 7,217 368,211
Eagle Bulk Shipping, Inc. (I)(L) 2,566 7,724
Excel Maritime Carriers, Ltd. (I)(L) 16,644 12,500
Genco Shipping & Trading, Ltd. (I)(L) 3,690 11,513
International Shipholding Corp. 569 10,236
 
    410,184
Professional Services - 0.6%    
Barrett Business Services, Inc. 1,853 36,597
CBIZ, Inc. (I) 4,546 25,639
CDI Corp. 3,498 58,696
CRA International, Inc. (I) 1,820 34,234
Franklin Covey Company (I) 3,206 29,591
FTI Consulting, Inc. (I) 1,296 40,915
GP Strategies Corp. (I) 2,590 40,818
Heidrick & Struggles International, Inc. 2,646 43,447
Hill International, Inc. (I) 4,471 13,637
Hudson Global, Inc. (I)(L) 3,400 13,430
Huron Consulting Group, Inc. (I) 878 27,446
ICF International, Inc. (I) 3,295 74,138
Kelly Services, Inc., Class A (L) 6,524 76,266
Korn/Ferry International (I) 3,249 44,186
Manpower, Inc. 412 14,811
National Technical Systems, Inc. (I) 1,900 11,153
Navigant Consulting Company (I) 2,014 24,108
On Assignment, Inc. (I) 5,819 96,945
RCM Technologies, Inc. (I) 100 568
Resources Connection, Inc. 2,329 27,948
The Dolan Company (I) 6,694 47,996
Volt Information Sciences, Inc. (I) 4,968 35,024
 
    817,593
Road & Rail - 1.7%    
Amerco, Inc. 2,567 215,936
Arkansas Best Corp. 3,269 41,353
Avis Budget Group, Inc. (I) 14,755 219,112
Celadon Group, Inc. 1,942 31,286
Covenant Transport, Inc. (I) 1,017 3,834
Frozen Food Express Industries (I) 1,999 2,359
Landstar System, Inc. 12,276 646,945
Marten Transport, Ltd. 4,022 82,330
Old Dominion Freight Line, Inc. (I) 17,251 751,454
P.A.M. Transportation Services, Inc. 2,022 23,010
RailAmerica, Inc. (I) 4,467 106,404
Roadrunner Transportation Systems, Inc. (I) 809 13,591
Ryder Systems, Inc. 7,200 311,112
Saia, Inc. (I) 3,170 68,567
Universal Truckload Services, Inc. 805 10,578

 

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Road & Rail (continued)    
USA Truck, Inc. (I) 1,624 $ 9,419
Werner Enterprises, Inc. 926 22,539
 
    2,559,829
Trading Companies & Distributors - 1.5%    
Aceto Corp. 4,311 36,773
Aircastle, Ltd. 11,800 131,098
Applied Industrial Technologies, Inc. 1,700 64,107
Beacon Roofing Supply, Inc. (I)(L) 40,285 1,001,082
CAI International, Inc. (I) 4,100 76,014
GATX Corp. 9,384 359,313
H&E Equipment Services, Inc. (I) 7,028 111,534
Interline Brands, Inc. (I) 6,430 161,200
Lawson Products, Inc. 1,776 17,423
Rush Enterprises, Inc., Class A (I) 1,690 28,003
Rush Enterprises, Inc., Class B (I) 7,405 100,708
Seacube Container Leasing, Ltd. 514 9,365
TAL International Group, Inc. (L) 3,102 101,466
Titan Machinery, Inc. (I) 1,357 41,863
Willis Lease Finance Corp. (I) 281 3,580
 
    2,243,529
 
    25,249,139
Information Technology - 15.5%    
Communications Equipment - 1.7%    
ADTRAN, Inc. (L) 22,198 648,848
Anaren, Inc. (I) 1,912 36,940
Arris Group, Inc. (I) 17,236 212,520
Aviat Networks, Inc. (I) 8,458 21,906
Aware, Inc. 3,300 18,777
Bel Fuse, Inc., Class B 2,040 33,211
Black Box Corp. 2,323 51,989
Brocade Communications Systems, Inc. (I) 22,156 103,025
Communications Systems, Inc. 1,201 12,779
Comtech Telecommunications Corp. (L) 2,593 74,886
Digi International, Inc. (I) 4,966 44,893
EchoStar Corp., Class A (I) 4,289 119,963
Emcore Corp. (I) 521 2,136
Emulex Corp. (I) 12,377 83,173
Extreme Networks, Inc. (I) 5,234 19,523
Globecomm Systems, Inc. (I) 5,280 55,968
Harmonic, Inc. (I) 11,465 50,331
Infinera Corp. (I)(L) 3,700 23,717
JDS Uniphase Corp. (I)(L) 57,919 587,878
KVH Industries, Inc. (I) 2,148 20,664
Network Engines, Inc. (I) 185 137
Oclaro, Inc. (I)(L) 1,500 3,825
Oplink Communications, Inc. (I) 1,681 21,550
OpNext, Inc. (I) 7,650 7,880
Optical Cable Corp. 100 280
Performance Technologies, Inc. (I) 1,302 2,656
Relm Wireless Corp. (I) 877 1,421
Sonus Networks, Inc. (I)(L) 4,900 11,907
Sycamore Networks, Inc. (I) 6,141 81,430
Symmetricom, Inc. (I) 4,898 26,694
Tellabs, Inc. 2,464 9,018
Telular Corp. 1,498 11,235
Tessco Technologies, Inc. 1,768 33,875
UTStarcom Holdings Corp. (I)(L) 14,121 17,510
Westell Technologies, Inc., Class A (I) 7,150 15,444
 
    2,467,989
Computers & Peripherals - 0.3%    
Avid Technology, Inc. (I) 5,478 39,113
Concurrent Computer Corp. (I) 526 2,141

 

144

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Computers & Peripherals (continued)    
Cray, Inc. (I) 1,989 $ 21,243
Dot Hill Systems Corp. (I) 1,000 1,230
Electronics for Imaging, Inc. (I) 5,909 87,099
Hutchinson Technology, Inc. (I)(L) 3,000 6,090
Imation Corp. (I) 7,779 44,185
Intermec, Inc. (I) 1,028 6,075
Interphase Corp. (I) 286 1,401
Intevac, Inc. (I) 3,303 24,938
Novatel Wireless, Inc. (I) 6,924 14,333
Rimage Corp. 1,900 14,592
STEC, Inc. (I) 666 4,702
Synaptics, Inc. (I)(L) 4,990 133,832
Xyratex, Ltd. 1,639 18,750
 
    419,724
Electronic Equipment, Instruments & Components - 3.6%  
ADDvantage Technologies Group, Inc. (I) 471 1,055
Aeroflex Holding Corp. (I) 574 3,714
Agilysys, Inc. (I) 1,591 11,582
Arrow Electronics, Inc. (I) 15,667 531,268
Avnet, Inc. (I) 13,392 408,322
AVX Corp. 11,811 128,504
Benchmark Electronics, Inc. (I) 4,167 56,421
Checkpoint Systems, Inc. (I) 4,538 35,442
Coherent, Inc. (I) 246 10,858
CTS Corp. 1,505 14,117
Daktronics, Inc. 3,000 19,650
DDi Corp. 1,013 13,159
Electro Rent Corp. 4,395 60,827
Electro Scientific Industries, Inc. (L) 47,908 528,425
Fabrinet (I) 266 3,102
FARO Technologies, Inc. (I) 374 17,253
GSI Group, Inc. (I) 1,206 14,002
ID Systems, Inc. (I) 1,161 4,876
Identive Group, Inc. (I) 1,058 1,344
Ingram Micro, Inc., Class A (I) 17,511 312,221
Insight Enterprises, Inc. (I) 4,720 70,281
IntriCon Corp. (I) 80 500
Itron, Inc. (I) 741 26,550
KEMET Corp. (I) 671 3,858
KEY Tronic Corp. (I) 1,300 12,597
Measurement Specialties, Inc. (I) 971 31,723
Mercury Computer Systems, Inc. (I) 2,241 26,556
Methode Electronics, Inc. 4,459 33,487
Multi-Fineline Electronix, Inc. (I) 3,338 82,682
Napco Security Technologies, Inc. (I) 100 297
Newport Corp. (I) 5,333 63,409
OSI Systems, Inc. (I) 16,785 1,071,219
PAR Technology Corp. (I) 1,700 8,704
Park Electrochemical Corp. 1,480 34,721
PC Connection, Inc. 4,089 36,719
PC Mall, Inc. (I) 2,932 15,745
Perceptron, Inc. (I) 1,146 6,017
Planar Systems, Inc. (I) 1,700 3,145
Plexus Corp. (I) 747 20,916
RadiSys Corp. (I) 3,146 18,373
Richardson Electronics, Ltd. 1,362 15,731
Rofin-Sinar Technologies, Inc. (I) 1,000 19,850
Rogers Corp. (I) 1,608 64,818
Sanmina-SCI Corp. (I) 82,223 584,606
Scansource, Inc. (I) 1,144 34,286
SYNNEX Corp. (I)(L) 5,765 192,263
Tech Data Corp. (I) 4,799 228,480
TTM Technologies, Inc. (I) 10,402 96,114
Viasystems Group, Inc. (I) 286 5,494

 

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electronic Equipment, Instruments &    
Components (continued)    
Vicon Industries, Inc. (I) 102 $ 343
Vishay Intertechnology, Inc. (I) 23,932 254,158
Vishay Precision Group, Inc. (I) 1,509 20,990
Zygo Corp. (I) 1,490 24,704
 
    5,285,478
Internet Software & Services - 1.2%    
AOL, Inc. (I) 3,333 91,424
DealerTrack Holdings, Inc. (I) 862 23,533
Digital River, Inc. (I) 1,946 28,412
EarthLink, Inc. 12,905 104,143
IAC/InterActiveCorp 5,640 253,349
InfoSpace, Inc. (I) 7,765 99,081
Internap Network Services Corp. (I) 6,777 48,320
Keynote Systems, Inc. 1,100 15,895
KIT Digital, Inc. (I) 7,253 23,645
Limelight Networks, Inc. (I) 1,035 2,815
Marchex, Inc., Class B 3,061 10,958
Market Leader, Inc. (I) 500 2,250
Monster Worldwide, Inc. (I) 4,473 38,468
Perficient, Inc. (I) 1,626 18,423
RealNetworks, Inc. 4,503 39,852
Soundbite Communications, Inc. (I) 200 480
Support.com, Inc. (I) 5,153 13,243
TechTarget, Inc. (I) 5,473 28,624
TheStreet.com, Inc. 6,959 11,343
United Online, Inc. 16,613 65,621
ValueClick, Inc. (I)(L) 48,129 844,183
XO Group, Inc. (I) 3,097 27,347
 
    1,791,409
IT Services - 2.3%    
Acxiom Corp. (I) 7,534 106,003
CACI International, Inc., Class A (I) 4,865 208,222
CIBER, Inc. (I) 13,930 49,869
Computer Sciences Corp. 88 2,344
Convergys Corp. 15,251 212,751
CoreLogic, Inc. (I) 8,157 138,587
CSG Systems International, Inc. (I) 1,093 18,035
Dynamics Research Corp. (I) 2,094 13,088
Euronet Worldwide, Inc. (I) 1,677 30,169
Global Cash Access Holdings, Inc. (I) 2,751 19,395
Heartland Payment Systems, Inc. 30,940 902,829
Jack Henry & Associates, Inc. (L) 22,365 738,269
ManTech International Corp., Class A (L) 3,611 78,720
MAXIMUS, Inc. 16,776 763,476
ModusLink Global Solutions, Inc. (I) 9,124 40,967
NCI, Inc. (I) 63 269
Official Payments Holdings Inc (I) 1,809 7,887
Online Resources Corp. (I) 6,713 14,903
StarTek, Inc. (I) 2,139 6,781
The Hackett Group, Inc. (I) 9,407 48,540
Virtusa Corp. (I) 376 5,501
 
    3,406,605
Semiconductors & Semiconductor Equipment - 3.8%  
Advanced Energy Industries, Inc. (I) 2,888 39,421
Alpha & Omega Semiconductor, Ltd. (I) 246 2,207
Amkor Technology, Inc. (I)(L) 581 2,748
Amtech Systems, Inc. (I)(L) 1,027 4,642
Anadigics, Inc. (I) 8,400 16,716
Applied Micro Circuits Corp. (I) 3,084 16,469
ATMI, Inc. (I) 6,478 129,625
Axcelis Technologies, Inc. (I) 3,500 3,885
AXT, Inc. (I) 3,200 12,320

 

145

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment (continued)  
Brooks Automation, Inc. (L) 4,528 $ 42,427
BTU International, Inc. (I) 682 2,073
Cabot Microelectronics Corp. (L) 2,100 65,814
Cascade Microtech, Inc. (I) 1,613 7,259
Cohu, Inc. 4,766 44,514
Cymer, Inc. (I)(L) 15,624 846,352
Diodes, Inc. (I)(L) 33,252 650,742
DSP Group, Inc. (I) 4,420 27,713
Entropic Communications, Inc. (I) 67 269
Exar Corp. (I) 7,653 60,076
Fairchild Semiconductor International, Inc. (I) 3,783 49,973
FormFactor, Inc. (I) 6,217 37,240
FSI International, Inc. (I) 4,570 15,904
GSI Technology, Inc. (I) 3,600 14,760
Ikanos Communications, Inc. (I) 1,900 1,663
Integrated Device Technology, Inc. (I) 24,164 132,660
Integrated Silicon Solution, Inc. (I) 4,650 43,524
International Rectifier Corp. (I) 10,474 197,330
Intersil Corp., Class A 10,439 110,131
IXYS Corp. (I) 3,730 38,643
Kopin Corp. (I) 5,900 18,113
Kulicke & Soffa Industries, Inc. (I) 2,600 27,352
Lattice Semiconductor Corp. (I) 124,725 569,993
LTX-Credence Corp. (I) 2,231 15,840
Mattson Technology, Inc. (I) 2,300 4,071
MEMC Electronic Materials, Inc. (I) 9,085 15,172
MEMSIC, Inc. (I) 1,771 3,985
Microsemi Corp. (I) 1,067 18,843
MKS Instruments, Inc. 4,914 128,501
Monolithic Power Systems, Inc. (I) 979 18,395
Nanometrics, Inc. (I)(L) 879 13,651
Novellus Systems, Inc. (I) 17,567 734,828
Omnivision Technologies, Inc. (I) 2,639 42,699
Pericom Semiconductor Corp. (I) 5,042 39,630
Photronics, Inc. (I)(L) 13,324 79,944
PLX Technology, Inc. (I) 1,000 6,330
PMC-Sierra, Inc. (I) 7,530 48,041
Rudolph Technologies, Inc. (I) 4,000 34,480
Semtech Corp. (I)(L) 30,744 740,623
Sigma Designs, Inc. (I) 4,474 26,755
Spansion, Inc., Class A (I) 1,000 10,800
Standard Microsystems Corp. (I) 3,499 128,203
SunPower Corp. (I) 2,461 12,330
Supertex, Inc. (I) 1,800 33,462
Tessera Technologies, Inc. 3,721 50,568
TriQuint Semiconductor, Inc. (I) 6,256 32,594
Ultra Clean Holdings, Inc. (I) 227 1,353
Veeco Instruments, Inc. (I) 1,384 47,997
 
    5,521,653
Software - 2.6%    
Accelrys, Inc. (I) 5,432 42,370
Actuate Corp. (I) 54,943 367,019
Ariba, Inc. (I) 23,007 1,033,705
AsiaInfo Holdings, Inc. (I) 1,321 14,003
Compuware Corp. (I) 2 18
EPIQ Systems, Inc. 4,064 44,826
ePlus, Inc. (I) 1,612 50,665
GSE Systems, Inc. (I) 2,016 4,516
JDA Software Group, Inc. (I) 955 26,434
Mentor Graphics Corp. (I) 3,726 52,537
MicroStrategy, Inc., Class A (I) 5,818 709,680
Parametric Technology Corp. (I) 28,873 583,235
Progress Software Corp. (I) 645 12,397
Quest Software, Inc. (I) 3,095 77,375

 

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
Rosetta Stone, Inc. (I) 496 $ 6,845
Seachange International, Inc. (I) 4,794 38,783
Smith Micro Software, Inc. (I) 3,270 5,265
SS&C Technologies Holdings, Inc. (I) 561 13,228
TeleCommunication Systems, Inc. (I) 7,193 10,646
THQ, Inc. (I)(L) 11,400 7,524
TIBCO Software, Inc. (I) 27,646 739,531
 
    3,840,602
 
    22,733,460
Materials - 8.0%    
Chemicals - 2.8%    
A. Schulman, Inc. 3,906 83,471
American Pacific Corp. (I) 1,717 14,869
American Vanguard Corp. 5,123 138,065
Arabian American Development Company (I) 2,312 22,889
Ashland, Inc. 8,073 516,107
Chase Corp. 1,432 16,454
Chemtura Corp. (I) 4,537 68,554
Cytec Industries, Inc. 5,176 312,941
Ferro Corp. (I) 3,432 15,238
FMC Corp. (L) 14,584 743,346
Georgia Gulf Corp. (I) 7,700 229,152
H.B. Fuller Company 1,317 40,037
Innophos Holdings, Inc. 15,524 783,652
Innospec, Inc. (I) 103 2,722
KMG Chemicals, Inc. 652 11,136
Kraton Performance Polymers, Inc. (I) 71 1,357
Landec Corp. (I) 4,944 36,141
Minerals Technologies, Inc. 1,300 82,251
Olin Corp. 1,814 34,774
OM Group, Inc. (I) 5,098 92,835
Omnova Solutions, Inc. (I) 2,908 20,938
Penford Corp. (I) 2,346 18,721
PolyOne Corp. 53,533 708,242
Quaker Chemical Corp. 635 26,537
Sensient Technologies Corp. 295 10,773
Spartech Corp. (I) 5,050 18,988
Zoltek Companies, Inc. (I) 6,505 54,317
 
    4,104,507
Construction Materials - 0.8%    
Eagle Materials, Inc. 30,831 989,675
Headwaters, Inc. (I) 7,064 32,565
Texas Industries, Inc. (L) 1,790 57,280
Vulcan Materials Company 939 32,536
 
    1,112,056
Containers & Packaging - 0.9%    
Boise, Inc. 13,800 95,220
Graphic Packaging Holding Company (I) 175,750 869,963
Myers Industries, Inc. 5,702 95,908
Rock-Tenn Company, Class A 4,745 244,795
Sealed Air Corp. 4,057 63,492
 
    1,369,378
Metals & Mining - 2.2%    
A. M. Castle & Company (I)(L) 3,851 42,245
AK Steel Holding Corp. (L) 4,708 28,389
Allied Nevada Gold Corp. (I)(L) 5,577 144,667
Century Aluminum Company (I) 11,480 81,278
Coeur d’Alene Mines Corp. (I) 10,706 180,931
Commercial Metals Company 18,700 218,416
Compass Minerals International, Inc. (L) 7,464 531,138
Detour Gold Corp. (I) 6,880 141,150

 

146

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Metals & Mining (continued)    
Friedman Industries, Inc. 1,405 $ 14,345
Haynes International, Inc. 12,850 655,350
Horsehead Holding Corp. (I) 9,941 88,077
Kaiser Aluminum Corp. 3,676 176,411
Materion Corp. 1,532 33,842
Metals USA Holdings Corp. (I) 1,748 25,381
Noranda Aluminum Holding Corp. 750 5,768
Olympic Steel, Inc. 2,178 36,111
Reliance Steel & Aluminum Company 7,700 363,517
RTI International Metals, Inc. (I)(L) 5,200 109,148
Schnitzer Steel Industries, Inc. 475 12,388
Steel Dynamics, Inc. 17,651 186,042
Synalloy Corp. 380 4,446
United States Steel Corp. (L) 3,458 70,197
Universal Stainless & Alloy Products, Inc. (I) 1,778 71,547
Worthington Industries, Inc. 3,800 61,750
 
    3,282,534
Paper & Forest Products - 1.3%    
Buckeye Technologies, Inc. 2,600 72,046
Clearwater Paper Corp. (I) 1,598 50,081
Domtar Corp. 5,000 395,550
KapStone Paper and Packaging Corp. (I) 2,950 45,548
Louisiana-Pacific Corp. (I)(L) 21,381 201,409
MeadWestvaco Corp. 1,852 50,930
Mercer International, Inc. (I) 6,255 40,470
Neenah Paper, Inc. 2,269 59,130
P.H. Glatfelter Company (L) 8,118 122,988
Schweitzer-Mauduit International, Inc. (L) 10,853 726,066
Wausau Paper Corp. 6,834 62,941
 
    1,827,159
 
    11,695,634
Telecommunication Services - 0.5%    
Diversified Telecommunication Services - 0.2%    
Atlantic Tele-Network, Inc. 381 12,535
General Communication, Inc., Class A (I) 4,737 30,033
Hawaiian Telcom Holdco, Inc. (I) 53 996
Iridium Communications, Inc. (I) 10,611 90,087
Neutral Tandem, Inc. (I) 881 11,955
ORBCOMM, Inc. (I) 8,038 26,204
Premiere Global Services, Inc. (I) 9,046 75,625
Primus Telecommunications Group, Inc. (I) 57 902
SureWest Communications 2,784 59,353
 
    307,690
Wireless Telecommunication Services - 0.3%    
FiberTower Corp. (I)(L) 8,541 1,025
Leap Wireless International, Inc. (I) 3,505 20,220
MetroPCS Communications, Inc. (I) 1,700 10,878
Shenandoah Telecommunications Company 300 3,198
Telephone & Data Systems, Inc. 11,252 223,350
United States Cellular Corp. (I) 4,446 166,236
USA Mobility, Inc. 3,600 44,714
 
    469,621
 
 
    777,311
Utilities - 0.7%    
Gas Utilities - 0.5%    
UGI Corp. 26,618 763,402
Independent Power Producers & Energy Traders - 0.2%  
Dynegy, Inc. (I)(L) 10,569 5,073
Genie Energy, Ltd. 155 1,035
GenOn Energy, Inc. (I) 79,138 136,113

 

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Independent Power Producers & Energy Traders (continued)  
NRG Energy, Inc. (I) 3,909 $ 59,884
Ormat Technologies, Inc. (L) 1,252 25,428
 
    227,533
Water Utilities - 0.0%    
Consolidated Water Company, Ltd. 1,250 9,600
SJW Corp. 1,774 41,015
 
    50,615
 
    1,041,550
TOTAL COMMON STOCKS (Cost $123,006,707) $ 145,438,049
PREFERRED SECURITIES - 0.0%    
Energy - 0.0%    
DHT Holdings, Inc. (I)(L) 35 4,753
TOTAL PREFERRED SECURITIES (Cost $4,900) $ 4,753
SECURITIES LENDING COLLATERAL - 19.1%    
John Hancock Collateral    
Investment Trust, 0.3309% (W)(Y) 2,794,072 27,960,840
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $27,955,934) $ 27,960,840
SHORT-TERM INVESTMENTS - 1.0%    
Money Market Funds - 1.0%    
State Street Institutional Liquid Reserves    
Fund, 0.1963% (Y) 1,502,692 1,502,692
TOTAL SHORT-TERM INVESTMENTS (Cost $1,502,692) $ 1,502,692
Total Investments (Small Cap Opportunities Fund)    
(Cost $152,470,233) - 119.1% $ 174,906,334
Other assets and liabilities, net - (19.1%)   (28,040,168)
 
TOTAL NET ASSETS - 100.0% $ 146,866,166
 
 
 
Small Cap Value Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 96.6%    
Consumer Discretionary - 15.2%    
Diversified Consumer Services - 1.3%    
Matthews International Corp., Class A 63,200 $ 1,903,584
Hotels, Restaurants & Leisure - 2.7%    
CEC Entertainment, Inc. 48,200 1,685,072
Choice Hotels International, Inc. 44,800 1,630,272
Sonic Corp. (I) 89,500 763,435
 
    4,078,779
Household Durables - 1.8%    
Helen of Troy, Ltd. (I) 84,500 2,660,060
Media - 1.9%    
Arbitron, Inc. 85,600 2,862,464
Multiline Retail - 1.4%    
Fred’s, Inc., Class A (L) 147,100 2,022,625
Specialty Retail - 6.1%    
Ascena Retail Group, Inc. (I) 110,500 2,091,765
Stage Stores, Inc. 198,600 3,413,934

 

147

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Cap Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Specialty Retail (continued)    
The Cato Corp., Class A 121,500 $ 3,487,050
 
 
    8,992,749
 
 
    22,520,261
Consumer Staples - 2.1%    
Food & Staples Retailing - 1.6%    
Casey’s General Stores, Inc. 42,200 2,389,786
Food Products - 0.5%    
Post Holdings, Inc. (I) 26,000 781,820
 
    3,171,606
Energy - 4.1%    
Energy Equipment & Services - 2.0%    
Bristow Group, Inc. 32,500 1,301,625
SEACOR Holdings, Inc. (I) 19,600 1,689,716
 
    2,991,341
Oil, Gas & Consumable Fuels - 2.1%    
GeoResources, Inc. (I) 46,300 1,652,910
Penn Virginia Corp. 84,400 474,328
Scorpio Tankers, Inc. (I) 164,300 918,437
 
    3,045,675
 
    6,037,016
Financials - 20.1%    
Capital Markets - 1.6%    
Ares Capital Corp. 157,600 2,378,184
Commercial Banks - 8.7%    
First Busey Corp. 240,602 1,116,393
First Midwest Bancorp, Inc. 187,600 1,892,884
First Niagara Financial Group, Inc. 135,980 1,097,359
Hancock Holding Company 43,500 1,326,315
International Bancshares Corp. (L) 138,600 2,559,942
MB Financial, Inc. 77,700 1,578,087
Webster Financial Corp. 124,900 2,531,723
Westamerica Bancorp. 19,200 858,432
 
    12,961,135
Insurance - 4.7%    
AMERISAFE, Inc. (I) 67,100 1,837,869
Assured Guaranty, Ltd. 80,500 961,170
Platinum Underwriters Holdings, Ltd. 53,500 1,942,050
Primerica, Inc. 89,900 2,163,893
 
    6,904,982
Real Estate Investment Trusts - 2.8%    
Campus Crest Communities, Inc. 125,000 1,347,500
DiamondRock Hospitality Company 155,212 1,542,807
Mack-Cali Realty Corp. 44,500 1,212,180
 
    4,102,487
Thrifts & Mortgage Finance - 2.3%    
Flushing Financial Corp. 88,900 1,146,810
Northwest Bancshares, Inc. 199,200 2,284,824
 
    3,431,634
 
    29,778,422
Health Care - 10.8%    
Health Care Equipment & Supplies - 3.4%    
Haemonetics Corp. (I) 15,415 1,074,580
ICU Medical, Inc. (I)(L) 46,600 2,397,570
STERIS Corp. 50,300 1,501,958
 
    4,974,108

 

Small Cap Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services - 2.8%    
Amsurg Corp. (I) 91,200 $ 2,491,584
Corvel Corp. (I) 36,500 1,621,695
 
    4,113,279
Life Sciences Tools & Services - 4.6%    
Charles River    
Laboratories International, Inc. (I) 99,100 3,307,958
ICON PLC, ADR (I) 166,000 3,564,020
 
    6,871,978
 
    15,959,365
Industrials - 24.5%    
Air Freight & Logistics - 0.6%    
Atlas Air Worldwide Holdings, Inc. (I) 20,800 944,736
Commercial Services & Supplies - 6.3%    
ACCO Brands Corp. (I) 281,150 2,564,088
G&K Services, Inc., Class A 68,650 2,003,207
Standard Parking Corp. (I) 69,998 1,330,662
Unifirst Corp. 15,100 864,022
United Stationers, Inc. 105,100 2,653,775
 
    9,415,754
Construction & Engineering - 0.3%    
Sterling Construction Company, Inc. (I) 42,300 380,700
Electrical Equipment - 3.3%    
Acuity Brands, Inc. 23,300 1,269,850
Belden, Inc. 114,800 3,587,500
 
    4,857,350
Industrial Conglomerates - 3.8%    
Carlisle Companies, Inc. 107,700 5,598,246
Machinery - 5.3%    
Albany International Corp., Class A 118,000 2,152,320
ESCO Technologies, Inc. 71,900 2,509,310
Mueller Industries, Inc. 76,700 3,258,216
 
    7,919,846
Marine - 1.6%    
Alexander & Baldwin, Inc. (I) 11,568 590,199
Kirby Corp. (I) 33,300 1,757,574
 
    2,347,773
Road & Rail - 1.6%    
Genesee & Wyoming, Inc., Class A (I) 48,400 2,425,324
Trading Companies & Distributors - 1.7%    
GATX Corp. 65,900 2,523,311
 
    36,413,040
Information Technology - 8.1%    
Computers & Peripherals - 1.7%    
Diebold, Inc. 66,400 2,457,464
Electronic Equipment, Instruments & Components - 1.9%  
Coherent, Inc. (I) 25,600 1,129,984
MTS Systems Corp. 44,800 1,731,968
 
    2,861,952
IT Services - 2.3%    
MAXIMUS, Inc. 76,600 3,486,066
Office Electronics - 1.1%    
Zebra Technologies Corp., Class A (I) 47,100 1,576,437
Software - 1.1%    
Websense, Inc. (I) 87,900 1,633,182
 
    12,015,101

 

148

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Cap Value Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Materials - 6.9%      
Chemicals - 3.6%      
Innospec, Inc. (I)   54,900 $ 1,451,007
Koppers Holdings, Inc.   37,200 1,306,092
Sensient Technologies Corp.   16,432 600,097
Zep, Inc.   142,200 1,993,644
 
      5,350,840
Containers & Packaging - 2.0%      
AptarGroup, Inc.   43,900 2,224,413
Greif, Inc., Class A   18,500 809,190
 
      3,033,603
Paper & Forest Products - 1.3%      
Deltic Timber Corp.   33,700 1,874,057
 
      10,258,500
Utilities - 4.8%      
Electric Utilities - 2.3%      
UNS Energy Corp.   48,200 1,807,018
Westar Energy, Inc.   56,700 1,622,754
 
      3,429,772
Gas Utilities - 2.5%      
Atmos Energy Corp.   51,800 1,716,652
New Jersey Resources Corp.   17,900 751,442
WGL Holdings, Inc.   31,200 1,215,240
 
      3,683,334
 
      7,113,106
TOTAL COMMON STOCKS (Cost $109,158,166) $ 143,266,417
 
SECURITIES LENDING COLLATERAL - 3.9%    
John Hancock Collateral      
Investment Trust, 0.3309% (W)(Y)   575,761 5,761,751
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $5,760,952)   $ 5,761,751
 
SHORT-TERM INVESTMENTS - 3.3%      
Repurchase Agreement - 3.3%      
Deutsche Tri-Party Repurchase Agreement      
dated 05/31/2012 at 0.220% to be      
repurchased at $4,900,030 on 06/01/2012,    
collateralized by $4,497,216 Government    
National Mortgage Association, 5.000% due    
01/15/2039 (valued at $4,998,000      
including interest) $ 4,900,000 $ 4,900,000
TOTAL SHORT-TERM INVESTMENTS (Cost $4,900,000) $ 4,900,000
Total Investments (Small Cap Value Fund)    
(Cost $119,819,118) - 103.8%   $ 153,928,168
Other assets and liabilities, net - (3.8%)     (5,682,130)
 
TOTAL NET ASSETS - 100.0%   $ 148,246,038
 
 
 
 
Small Company Growth Fund    
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS - 95.9%      
Consumer Discretionary - 18.8%      
Auto Components - 1.9%      
Tenneco, Inc. (I)(L)   19,314 $ 524,375

 

Small Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Auto Components (continued)    
TRW Automotive Holdings Corp. (I) 15,760 $ 607,863
WABCO Holdings, Inc. (I) 17,965 929,868
 
    2,062,106
Distributors - 0.9%    
Pool Corp. (L) 24,855 918,889
Hotels, Restaurants & Leisure - 4.7%    
Choice Hotels International, Inc. (L) 17,373 632,203
Darden Restaurants, Inc. (L) 14,284 738,911
Domino’s Pizza, Inc. 23,140 710,629
Jack in the Box, Inc. (I)(L) 30,377 785,245
Life Time Fitness, Inc. (I)(L) 20,724 888,231
Penn National Gaming, Inc. (I) 25,940 1,191,943
 
    4,947,162
Household Durables - 1.1%    
Ethan Allen Interiors, Inc. 6,504 146,405
Ryland Group, Inc. 45,398 1,015,099
 
    1,161,504
Leisure Equipment & Products - 0.7%    
Brunswick Corp. (L) 33,702 738,074
Specialty Retail - 6.7%    
Dick’s Sporting Goods, Inc. (L) 20,411 949,112
DSW, Inc., Class A 16,069 958,998
Foot Locker, Inc. 32,044 1,017,077
Group 1 Automotive, Inc. 15,434 808,124
Monro Muffler Brake, Inc. (L) 20,171 681,578
Tractor Supply Company 10,406 950,588
Urban Outfitters, Inc. (I)(L) 27,588 771,636
Vitamin Shoppe, Inc. (I) 20,596 1,019,914
 
    7,157,027
Textiles, Apparel & Luxury Goods - 2.8%    
Maidenform Brands, Inc. (I) 30,355 585,852
Steven Madden, Ltd. (I) 28,219 1,143,998
Under Armour, Inc., Class A (I) 12,044 1,213,192
 
    2,943,042
 
    19,927,804
Consumer Staples - 3.7%    
Food & Staples Retailing - 0.6%    
Harris Teeter Supermarkets, Inc. 17,722 665,107
Food Products - 2.2%    
B&G Foods, Inc. (L) 45,880 1,104,790
Diamond Foods, Inc. 13,221 278,963
Lancaster Colony Corp. 14,180 954,598
 
    2,338,351
Personal Products - 0.9%    
Nu Skin Enterprises, Inc., Class A (L) 22,888 981,437
 
    3,984,895
Energy - 5.7%    
Energy Equipment & Services - 3.1%    
Atwood Oceanics, Inc. (I) 17,777 679,259
Dresser-Rand Group, Inc. (I) 16,957 744,073
Dril-Quip, Inc. (I) 12,859 779,127
Lufkin Industries, Inc. (L) 10,547 606,136
Patterson-UTI Energy, Inc. 29,501 446,055
 
    3,254,650
Oil, Gas & Consumable Fuels - 2.6%    
Berry Petroleum Company, Class A (L) 18,840 733,064
Energen Corp. 16,890 745,694

 

149

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
James River Coal Company (I)(L) 46,847 $ 117,586
Oasis Petroleum, Inc. (I)(L) 25,751 661,543
Resolute Energy Corp. (I) 57,337 501,699
 
    2,759,586
 
    6,014,236
Financials - 5.1%    
Capital Markets - 1.8%    
Affiliated Managers Group, Inc. (I) 8,659 892,483
Greenhill & Company, Inc. (L) 8,819 307,519
Stifel Financial Corp. (I)(L) 23,880 759,145
 
    1,959,147
Commercial Banks - 1.6%    
Huntington Bancshares, Inc. 101,845 666,066
SVB Financial Group (I)(L) 17,307 1,032,536
 
    1,698,602
Insurance - 0.9%    
Brown & Brown, Inc. 36,764 941,158
Real Estate Investment Trusts - 0.8%    
Colonial Properties Trust 40,900 867,489
 
    5,466,396
Health Care - 15.7%    
Biotechnology - 4.7%    
Acorda Therapeutics, Inc. (I) 19,755 434,412
Amarin Corp. PLC, ADR (I)(L) 60,280 714,318
BioMarin Pharmaceutical, Inc. (I)(L) 30,498 1,086,949
Incyte Corp. (I)(L) 54,848 1,168,811
Myriad Genetics, Inc. (I) 36,457 879,707
United Therapeutics Corp. (I) 16,572 733,145
 
    5,017,342
Health Care Equipment & Supplies - 2.9%    
Insulet Corp. (I)(L) 27,859 513,163
Masimo Corp. (I)(L) 30,922 581,643
Meridian Bioscience, Inc. (L) 25,818 488,993
Sirona Dental Systems, Inc. (I) 17,296 739,923
STERIS Corp. (L) 25,465 760,385
 
    3,084,107
Health Care Providers & Services - 4.4%    
Centene Corp. (I) 27,669 999,958
Chemed Corp. (L) 14,975 831,861
Health Management    
Associates, Inc., Class A (I) 74,912 480,186
HMS Holdings Corp. (I)(L) 23,303 624,287
Mednax, Inc. (I) 10,756 656,224
PSS World Medical, Inc. (I)(L) 27,174 549,730
VCA Antech, Inc. (I) 23,911 515,043
 
    4,657,289
Health Care Technology - 0.4%    
Quality Systems, Inc. (L) 15,789 451,723
Life Sciences Tools & Services - 2.2%    
PAREXEL International Corp. (I) 36,332 972,244
PerkinElmer, Inc. 27,377 728,228
Techne Corp. 9,149 620,851
 
    2,321,323
Pharmaceuticals - 1.1%    
Salix Pharmaceuticals, Ltd. (I) 21,749 1,126,816
 
    16,658,600

 

Small Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Industrials - 14.1%    
Aerospace & Defense - 2.6%    
Hexcel Corp. (I) 36,739 $ 895,697
TransDigm Group, Inc. (I) 15,056 1,851,888
 
    2,747,585
Air Freight & Logistics - 1.6%    
Forward Air Corp. 25,476 808,353
HUB Group, Inc., Class A (I) 26,700 933,432
 
    1,741,785
Building Products - 0.8%    
AO Smith Corp. 18,571 857,237
Commercial Services & Supplies - 1.9%    
Corrections Corp. of America 39,559 1,031,303
Tetra Tech, Inc. (I) 37,200 929,628
 
    1,960,931
Electrical Equipment - 1.5%    
Acuity Brands, Inc. 14,099 768,396
Regal-Beloit Corp. 13,983 843,035
 
    1,611,431
Machinery - 4.0%    
Crane Company 17,469 661,900
Kennametal, Inc. 18,930 658,007
Lincoln Electric Holdings, Inc. 21,884 1,041,241
Lindsay Corp. 12,886 717,106
Wabtec Corp. 16,338 1,186,302
 
    4,264,556
Trading Companies & Distributors - 1.7%    
Watsco, Inc. (L) 12,574 925,572
WESCO International, Inc. (I)(L) 14,586 867,721
 
    1,793,293
 
 
    14,976,818
Information Technology - 27.5%    
Communications Equipment - 1.5%    
Ciena Corp. (I)(L) 31,197 422,719
Finisar Corp. (I)(L) 34,301 492,219
NETGEAR, Inc. (I)(L) 22,595 709,257
 
    1,624,195
Electronic Equipment, Instruments & Components - 3.0%  
Cognex Corp. (L) 20,291 709,982
Littelfuse, Inc. 15,551 894,805
National Instruments Corp. 31,161 811,432
SYNNEX Corp. (I)(L) 22,370 746,040
 
    3,162,259
Internet Software & Services - 3.4%    
Ancestry.com, Inc. (I)(L) 18,228 392,631
CoStar Group, Inc. (I)(L) 17,248 1,274,455
DealerTrack Holdings, Inc. (I)(L) 28,472 777,286
ValueClick, Inc. (I) 57,161 1,002,604
WebMD Health Corp. (I) 8,700 200,361
 
    3,647,337
IT Services - 1.1%    
Alliance Data Systems Corp. (I) 9,044 1,139,544
Semiconductors & Semiconductor Equipment - 6.6%  
Cymer, Inc. (I)(L) 16,012 867,370
Hittite Microwave Corp. (I)(L) 15,320 754,970
Microsemi Corp. (I) 40,317 711,998
MKS Instruments, Inc. 27,133 709,528
PMC-Sierra, Inc. (I) 113,494 724,092

 

150

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment (continued)  
Power Integrations, Inc. (L) 23,790 $ 970,870
Semtech Corp. (I) 30,709 739,780
Teradyne, Inc. (I)(L) 52,087 752,657
Volterra Semiconductor Corp. (I) 29,133 809,315
 
    7,040,580
Software - 11.9%    
ANSYS, Inc. (I) 14,301 884,874
Aspen Technology, Inc. (I) 56,939 1,258,352
BroadSoft, Inc. (I)(L) 25,497 696,323
CommVault Systems, Inc. (I) 23,827 1,116,771
Fair Isaac Corp. 24,109 980,272
Informatica Corp. (I) 26,541 1,099,594
Interactive Intelligence Group (I) 20,721 534,602
Manhattan Associates, Inc. (I) 23,848 1,132,780
MICROS Systems, Inc. (I) 21,779 1,149,060
MicroStrategy, Inc., Class A (I) 6,544 798,237
Parametric Technology Corp. (I) 30,491 615,918
Quest Software, Inc. (I) 4,222 105,550
SolarWinds, Inc. (I) 35,559 1,630,736
Websense, Inc. (I) 32,550 604,779
 
    12,607,848
 
    29,221,763
Materials - 3.5%    
Chemicals - 1.8%    
Intrepid Potash, Inc. (I) 21,606 424,126
Olin Corp. 40,047 767,701
Rockwood Holdings, Inc. (I) 15,027 727,307
 
    1,919,134
Containers & Packaging - 0.6%    
Greif, Inc., Class A 13,380 585,241
Metals & Mining - 1.1%    
Allied Nevada Gold Corp. (I)(L) 8,331 216,106
Carpenter Technology Corp. 16,734 754,034
Detour Gold Corp. (I) 9,850 202,083
 
    1,172,223
 
    3,676,598
Telecommunication Services - 1.0%    
Wireless Telecommunication Services - 1.0%    
SBA Communications Corp., Class A (I)(L) 20,494 1,064,667
Utilities - 0.8%    
Electric Utilities - 0.8%    
ITC Holdings Corp. 11,714 807,680
TOTAL COMMON STOCKS (Cost $80,289,098) $ 101,799,457
 
SECURITIES LENDING COLLATERAL - 25.2%  
John Hancock Collateral    
Investment Trust, 0.3309% (W)(Y) 2,669,527 26,714,493
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $26,705,154) $ 26,714,493

 

Small Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
SHORT-TERM INVESTMENTS - 3.2%    
Money Market Funds - 3.2%    
State Street Institutional Liquid Reserves    
Fund, 0.1963% (Y) 3,461,060 3,461,060
TOTAL SHORT-TERM INVESTMENTS (Cost $3,461,060) $ 3,461,060
Total Investments (Small Company Growth Fund)    
(Cost $110,455,312) - 124.3% $ 131,975,010
Other assets and liabilities, net - (24.3%)   (25,839,690)
 
TOTAL NET ASSETS - 100.0% $ 106,135,320
 
 
 
 
Small Company Value Fund    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 96.5%    
Consumer Discretionary - 12.2%    
Auto Components - 0.9%    
Drew Industries, Inc. (I)(L) 108,800 $ 2,888,640
Automobiles - 0.4%    
Winnebago Industries, Inc. (I)(L) 139,700 1,251,712
Distributors - 1.0%    
Pool Corp. (L) 89,100 3,294,027
Diversified Consumer Services - 1.5%    
Ascent Capital Group, Inc., Class A (I) 38,100 1,995,678
Matthews International Corp., Class A (L) 88,900 2,677,668
 
    4,673,346
Hotels, Restaurants & Leisure - 0.6%    
Orient Express Hotels, Ltd., Class A (I)(L) 216,400 1,826,416
Household Durables - 2.0%    
CSS Industries, Inc. 72,700 1,384,208
Ethan Allen Interiors, Inc. (L) 41,200 927,412
M/I Homes, Inc. (I)(L) 60,500 908,710
Meritage Homes Corp. (I)(L) 97,000 2,910,970
Stanley Furniture Company, Inc. (I) 86,600 337,740
 
    6,469,040
Leisure Equipment & Products - 0.3%    
Brunswick Corp. (L) 47,500 1,040,250
Media - 0.4%    
Saga Communications, Inc., Class A (I) 39,000 1,361,100
Multiline Retail - 0.4%    
Fred’s, Inc., Class A (L) 104,100 1,431,375
Specialty Retail - 4.5%    
Aaron’s, Inc. 269,700 7,160,535
Haverty Furniture Companies, Inc. (L) 126,600 1,536,924
MarineMax, Inc. (I)(L) 119,600 1,152,944
Stein Mart, Inc. (I) 191,200 1,384,288
The Men’s Wearhouse, Inc. (L) 86,800 3,123,932
 
    14,358,623
Textiles, Apparel & Luxury Goods - 0.2%    
Culp, Inc. (I) 76,500 740,520
 
    39,335,049
Consumer Staples - 0.6%    
Food & Staples Retailing - 0.4%    
Nash Finch Company 63,800 1,314,918

 

151

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Company Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Tobacco - 0.2%    
Alliance One International, Inc. (I)(L) 251,000 $ 720,370
 
    2,035,288
Energy - 4.5%    
Energy Equipment & Services - 1.6%    
Atwood Oceanics, Inc. (I) 38,100 1,455,801
CARBO Ceramics, Inc. (L) 23,900 1,944,504
Hercules Offshore, Inc. (I) 131,200 434,272
Tetra Technologies, Inc. (I)(L) 175,000 1,118,250
Union Drilling, Inc. (I) 55,000 254,650
 
    5,207,477
Oil, Gas & Consumable Fuels - 2.9%    
Cloud Peak Energy, Inc. (I) 85,000 1,315,800
Lone Pine Resources, Inc. (I) 70,200 221,832
Northern Oil and Gas, Inc. (I)(L) 125,500 2,250,215
Oasis Petroleum, Inc. (I)(L) 121,000 3,108,490
Overseas Shipholding Group, Inc. (L) 58,000 633,360
Swift Energy Company (I)(L) 59,200 1,178,672
Teekay Tankers, Ltd., Class A (L) 145,400 591,778
 
    9,300,147
 
    14,507,624
Financials - 22.4%    
Capital Markets - 3.4%    
Ares Capital Corp. 248,400 3,748,356
Hercules Technology Growth Capital, Inc. 176,000 1,858,560
JMP Group, Inc. 81,300 472,353
Kohlberg Capital Corp. 144,000 819,360
Piper Jaffray Companies (I)(L) 31,500 690,165
Safeguard Scientifics, Inc. (I) 68,000 1,030,200
Stifel Financial Corp. (I)(L) 70,900 2,253,911
 
    10,872,905
Commercial Banks - 6.1%    
Columbia Banking System, Inc. (L) 60,600 1,098,072
East West Bancorp, Inc. 128,000 2,865,920
Glacier Bancorp, Inc. (L) 164,100 2,354,835
Home Bancshares, Inc. (L) 104,900 2,950,837
Signature Bank (I)(L) 42,600 2,616,066
SVB Financial Group (I)(L) 83,100 4,957,746
Wintrust Financial Corp. (L) 85,600 2,911,256
 
    19,754,732
Diversified Financial Services - 0.5%    
Compass Diversified Holdings 117,500 1,541,600
Insurance - 5.0%    
Alterra Capital Holdings, Ltd. 99,300 2,205,453
Employers Holdings, Inc. 54,100 914,290
Markel Corp. (I) 5,000 2,192,450
Meadowbrook Insurance Group, Inc. 64,600 574,294
National Interstate Corp. 102,000 2,543,880
ProAssurance Corp. 89,200 7,862,088
 
    16,292,455
Real Estate Investment Trusts - 7.3%    
Acadia Realty Trust 61,800 1,382,466
CBL & Associates Properties, Inc. (L) 238,000 4,155,480
Cedar Shopping Centers, Inc. 192,900 925,920
First Potomac Realty Trust 139,200 1,670,400
Hatteras Financial Corp. (L) 60,900 1,738,695
Kilroy Realty Corp. (L) 93,600 4,297,176
LaSalle Hotel Properties 113,700 3,135,846
Potlatch Corp. (L) 67,300 1,928,818
Redwood Trust, Inc. 113,400 1,373,274

 

Small Company Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Real Estate Investment Trusts (continued)    
Saul Centers, Inc. 28,900 $ 1,160,624
Washington Real Estate Investment Trust 60,500 1,702,470
 
    23,471,169
Thrifts & Mortgage Finance - 0.1%    
Radian Group, Inc. (L) 133,600 331,328
 
    72,264,189
Health Care - 5.3%    
Biotechnology - 0.3%    
Momenta Pharmaceuticals, Inc. (I) 64,800 893,592
Health Care Equipment & Supplies - 2.0%    
Analogic Corp. 28,300 1,866,102
Quidel Corp. (I)(L) 85,000 1,336,200
West Pharmaceutical Services, Inc. (L) 67,200 3,212,160
 
    6,414,462
Health Care Providers & Services - 3.0%    
Landauer, Inc. 27,100 1,366,653
National Healthcare Corp. 50,400 2,157,624
Owens & Minor, Inc. (L) 166,600 4,743,102
Triple-S Management Corp., Class B (I)(L) 77,800 1,350,608
 
    9,617,987
 
    16,926,041
Industrials - 25.6%    
Aerospace & Defense - 0.3%    
Kratos Defense &    
Security Solutions, Inc. (I)(L) 169,500 916,995
Air Freight & Logistics - 0.7%    
UTi Worldwide, Inc. (L) 135,500 2,119,220
Airlines - 1.3%    
Alaska Air Group, Inc. (I)(L) 119,400 4,095,420
Building Products - 1.6%    
Gibraltar Industries, Inc. (I) 142,900 1,460,438
Quanex Building Products Corp. 79,600 1,314,196
Universal Forest Products, Inc. (L) 58,700 2,210,055
 
    4,984,689
Commercial Services & Supplies - 3.4%    
G&K Services, Inc., Class A 73,900 2,156,402
McGrath RentCorp (L) 138,500 3,497,125
Mine Safety Appliances Company 52,600 2,160,808
Waste Connections, Inc. (L) 105,500 3,265,225
 
    11,079,560
Construction & Engineering - 0.9%    
Aegion Corp. (I)(L) 124,500 1,963,365
Comfort Systems USA, Inc. (L) 110,000 998,800
 
    2,962,165
Electrical Equipment - 1.1%    
Belden, Inc. 81,000 2,531,250
Franklin Electric Company, Inc. 21,700 1,061,564
 
    3,592,814
Machinery - 6.7%    
Astec Industries, Inc. (I) 37,400 1,026,630
Cascade Corp. 35,300 1,763,588
CIRCOR International, Inc. (L) 49,200 1,583,748
IDEX Corp. 82,000 3,257,860
Nordson Corp. 110,900 5,945,349
Proto Labs, Inc. (I) 20,000 737,800
Robbins & Myers, Inc. 83,600 3,811,324

 

152

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Company Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery (continued)    
Woodward, Inc. 92,100 $ 3,473,091
 
    21,599,390
Marine - 1.6%    
Kirby Corp. (I)(L) 99,100 5,230,498
Professional Services - 1.7%    
FTI Consulting, Inc. (I)(L) 31,600 997,612
Navigant Consulting Company (I)(L) 142,400 1,704,528
On Assignment, Inc. (I) 120,300 2,004,198
The Dolan Company (I) 125,200 897,684
 
    5,604,022
Road & Rail - 4.0%    
Genesee & Wyoming, Inc., Class A (I)(L) 100,500 5,036,055
Landstar System, Inc. 147,900 7,794,330
 
    12,830,385
Trading Companies & Distributors - 2.3%    
Beacon Roofing Supply, Inc. (I)(L) 228,900 5,688,165
Kaman Corp., Class A (L) 58,000 1,696,500
 
    7,384,665
 
    82,399,823
Information Technology - 9.8%    
Communications Equipment - 0.9%    
Ixia (I)(L) 172,400 1,823,992
Sonus Networks, Inc. (I)(L) 415,200 1,008,936
 
    2,832,928
Computers & Peripherals - 0.3%    
Xyratex, Ltd. 80,800 924,352
Electronic Equipment, Instruments & Components - 3.6%  
Cognex Corp. (L) 30,900 1,081,191
Electro Rent Corp. 165,000 2,283,600
Electro Scientific Industries, Inc. (L) 85,000 937,550
Littelfuse, Inc. (L) 57,000 3,279,780
Methode Electronics, Inc. 60,000 450,600
Newport Corp. (I)(L) 98,900 1,175,921
SYNNEX Corp. (I)(L) 76,800 2,561,280
 
    11,769,922
IT Services - 0.3%    
TNS, Inc. (I) 52,700 942,276
Semiconductors & Semiconductor Equipment - 3.1%  
Advanced Energy Industries, Inc. (I) 125,200 1,708,980
ATMI, Inc. (I) 57,400 1,148,574
Brooks Automation, Inc. (L) 116,900 1,095,353
Cabot Microelectronics Corp. (L) 29,900 937,066
Cymer, Inc. (I)(L) 53,300 2,887,261
Teradyne, Inc. (I)(L) 154,300 2,229,635
 
    10,006,869
Software - 1.6%    
Accelrys, Inc. (I)(L) 91,300 712,140
Progress Software Corp. (I)(L) 137,200 2,636,984
Websense, Inc. (I) 95,600 1,776,248
 
    5,125,372
 
    31,601,719
Materials - 11.0%    
Chemicals - 2.5%    
American Vanguard Corp. (L) 105,700 2,848,615
Innospec, Inc. (I) 131,000 3,462,330
Minerals Technologies, Inc. 27,600 1,746,252
 
    8,057,197

 

Small Company Value Fund (continued)  
Shares or  
 Principal  
 Amount Value
COMMON STOCKS (continued)    
Construction Materials - 0.2%    
Texas Industries, Inc. (L)  20,100 $ 643,200
Containers & Packaging - 2.3%    
AptarGroup, Inc. (L) 95,700 4,849,119
Myers Industries, Inc. (L) 158,500 2,665,970
 
    7,515,089
Metals & Mining - 4.0%    
AMCOL International Corp. (L) 65,100 1,828,008
Carpenter Technology Corp. 66,600 3,000,996
Franco-Nevada Corp. 65,000 2,733,166
North American Palladium, Ltd. (I)(L) 600,000 1,362,000
Royal Gold, Inc. 43,500 2,942,340
Schnitzer Steel Industries, Inc. (L) 43,800 1,142,304
 
    13,008,814
Paper & Forest Products - 2.0%    
Clearwater Paper Corp. (I) 71,000 2,225,140
Deltic Timber Corp. (L) 47,900 2,663,719
Wausau Paper Corp. (L) 156,500 1,441,365
 
    6,330,224
 
    35,554,524
Telecommunication Services - 0.5%    
Diversified Telecommunication Services - 0.5%    
Premiere Global Services, Inc. (I) 187,400 1,566,664
Utilities - 4.6%    
Electric Utilities - 2.4%    
Cleco Corp. (L) 94,200 3,847,128
El Paso Electric Company 89,500 2,746,754
PNM Resources, Inc. 57,000 1,063,050
 
    7,656,932
Gas Utilities - 0.8%    
Southwest Gas Corp. 64,400 2,703,512
Multi-Utilities - 1.4%    
Black Hills Corp. (L) 42,400 1,364,432
NorthWestern Corp. 55,300 1,963,701
Vectren Corp. 43,900 1,287,148
 
    4,615,281
 
    14,975,725
TOTAL COMMON STOCKS (Cost $225,544,421) $ 311,166,646
PREFERRED SECURITIES - 1.2%    
Financials - 1.2%    
Commercial Banks - 0.8%    
East West Bancorp., Inc., Series A, 8.000% 1,814 2,806,657
Insurance - 0.4%    
Assured Guaranty, Ltd. 26,000 1,202,890
 
    4,009,547
TOTAL PREFERRED SECURITIES (Cost $3,086,750) $ 4,009,547
INVESTMENT COMPANIES - 0.8%    
iShares Russell 2000 Value Index Fund 35,600 2,402,644
TOTAL INVESTMENT COMPANIES (Cost $2,580,743) $ 2,402,644
SECURITIES LENDING COLLATERAL - 28.7%    
John Hancock Collateral    
Investment Trust, 0.3309% (W)(Y) 9,240,961 92,476,142
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $92,442,873) $ 92,476,142

 

153

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Small Company Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
SHORT-TERM INVESTMENTS - 1.5%    
Money Market Funds - 1.5%    
State Street Institutional U.S. Government    
Money Market Fund, 0.0164% (Y) 210,316 210,316
T. Rowe Price Reserve Investment    
Fund, 0.1100% (Y) 4,602,692 4,602,692
 
    4,813,008
TOTAL SHORT-TERM INVESTMENTS (Cost $4,813,008) $ 4,813,008
Total Investments (Small Company Value Fund)    
(Cost $328,467,795) - 128.7% $ 414,867,987
Other assets and liabilities, net - (28.7%)   (92,505,237)
 
TOTAL NET ASSETS - 100.0% $ 322,362,750
 
 
 
 
Smaller Company Growth Fund    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 98.8%    
Consumer Discretionary - 14.7%    
Auto Components - 0.4%    
American Axle &    
Manufacturing Holdings, Inc. (I) 1,409 $ 13,033
Amerigon, Inc. (I) 11,477 137,494
Dana Holding Corp. 15,738 209,630
Dorman Products, Inc. (I) 439 21,133
Drew Industries, Inc. (I)(L) 212 5,629
Fuel Systems Solutions, Inc. (I)(L) 457 6,855
Stoneridge, Inc. (I)(L) 457 3,222
Tenneco, Inc. (I) 1,765 47,920
Tower International, Inc. (I) 68 861
WABCO Holdings, Inc. (I) 673 34,834
 
    480,611
Automobiles - 1.3%    
Harley-Davidson, Inc. 27,030 1,302,305
Tesla Motors, Inc. (I)(L) 1,527 45,047
Thor Industries, Inc. 1,285 39,514
Winnebago Industries, Inc. (I) 856 7,670
 
    1,394,536
Distributors - 1.4%    
LKQ Corp. (I) 40,390 1,471,812
Pool Corp. 1,449 53,570
 
    1,525,382
Diversified Consumer Services - 1.9%    
American Public Education, Inc. (I)(L) 10,763 305,992
Ascent Capital Group, Inc., Class A (I) 369 19,328
Bridgepoint Education, Inc. (I)(L) 547 10,716
Capella Education Company (I) 395 12,130
Coinstar, Inc. (I)(L) 942 57,867
Grand Canyon Education, Inc. (I) 22,341 404,819
ITT Educational Services, Inc. (I) 565 32,149
K12, Inc. (I)(L) 34,631 759,112
Matthews International Corp., Class A (L) 863 25,994
Sotheby’s (L) 12,755 389,028
Steiner Leisure, Ltd. (I) 417 19,111
Strayer Education, Inc. (L) 229 20,576
Universal Technical Institute, Inc. 318 3,876
 
    2,060,698
Hotels, Restaurants & Leisure - 1.4%    
AFC Enterprises, Inc. (I) 741 15,828

 

Smaller Company Growth Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
Ameristar Casinos, Inc. 500 $ 9,350
Bally Technologies, Inc. (I) 1,326 61,725
Biglari Holdings, Inc. (I) 14 5,481
BJ’s Restaurants, Inc. (I)(L) 764 33,456
Boyd Gaming Corp. (I)(L) 854 6,507
Bravo Brio Restaurant Group, Inc. (I) 563 9,244
Buffalo Wild Wings, Inc. (I)(L) 559 47,576
Caribou Coffee Company, Inc. (I)(L) 9,584 114,050
CEC Entertainment, Inc. 552 19,298
Choice Hotels International, Inc. 310 11,281
Denny’s Corp. (I) 2,932 12,637
DineEquity, Inc. (I) 467 22,416
Domino’s Pizza, Inc. 1,670 51,286
Gaylord Entertainment Company (I)(L) 1,034 39,240
Interval Leisure Group, Inc. 1,193 19,863
Isle of Capri Casinos, Inc. (I) 314 1,680
Krispy Kreme Doughnuts, Inc. (I) 1,657 10,423
Life Time Fitness, Inc. (I)(L) 1,229 52,675
Marriott Vacations Worldwide Corp. (I) 790 22,357
P.F. Chang’s China Bistro, Inc. (L) 644 33,018
Papa John’s International, Inc. (I) 590 27,447
Peet’s Coffee & Tea, Inc. (I)(L) 400 23,832
Penn National Gaming, Inc. (I) 1,973 90,659
Pinnacle Entertainment, Inc. (I) 1,891 18,494
Red Robin Gourmet Burgers, Inc. (I) 211 6,752
Scientific Games Corp., Class A (I) 1,682 14,364
Shuffle Master, Inc. (I) 1,662 26,359
Six Flags Entertainment Corp. 625 28,519
Sonic Corp. (I)(L) 1,726 14,723
Texas Roadhouse, Inc., Class A (L) 1,820 33,088
The Cheesecake Factory, Inc. (I)(L) 9,960 323,102
Vail Resorts, Inc. (L) 1,095 47,600
WMS Industries, Inc. (I)(L) 17,512 359,521
 
    1,613,851
Household Durables - 0.6%    
Beazer Homes USA, Inc. (I) 1,161 3,030
Blyth, Inc. 150 11,208
Ethan Allen Interiors, Inc. 13,889 312,641
Furniture Brands International, Inc. (I) 530 615
Hovnanian Enterprises, Inc., Class A (I) 3,047 5,698
iRobot Corp. (I) 790 16,732
La-Z-Boy, Inc. (I) 15,780 222,656
Libbey, Inc. (I) 566 8,190
M/I Homes, Inc. (I) 286 4,296
Meritage Homes Corp. (I) 448 13,444
Sealy Corp. (I)(L) 964 1,620
Skullcandy, Inc. (I) 457 5,996
Standard Pacific Corp. (I)(L) 16,308 84,149
Universal Electronics, Inc. (I)(L) 434 5,685
Zagg, Inc. (I)(L) 608 6,451
 
    702,411
Internet & Catalog Retail - 0.5%    
Blue Nile, Inc. (I)(L) 423 13,659
HomeAway, Inc. (I) 997 23,430
HSN, Inc. 1,233 47,964
Orbitz Worldwide, Inc. (I) 661 2,413
Overstock.com, Inc. (I)(L) 504 3,352
Shutterfly, Inc. (I)(L) 15,910 438,639
Vitacost.com, Inc. (I) 489 3,760
 
    533,217
Leisure Equipment & Products - 0.3%    
Arctic Cat, Inc. (I) 385 13,922
Brunswick Corp. (L) 10,564 231,352

 

154

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Leisure Equipment & Products (continued)    
Leapfrog Enterprises, Inc. (I)(L) 1,600 $ 16,672
Smith & Wesson Holding Corp. (I) 1,798 12,119
Steinway Musical Instruments, Inc. (I) 86 1,931
Sturm Ruger & Company, Inc. (L) 582 22,681
 
    298,677
Media - 0.3%    
AMC Networks, Inc. (I) 1,597 61,628
Arbitron, Inc. (L) 831 27,789
Clear Channel Outdoor    
Holdings, Inc., Class A (I) 1,187 7,478
Cumulus Media, Inc., Class A (I) 1,587 4,444
Knology, Inc. (I) 976 19,042
Lions Gate Entertainment Corp. (I)(L) 2,182 29,064
Live Nation Entertainment, Inc. (I)(L) 2,162 20,215
Martha Stewart Living    
Omnimedia, Inc., Class A 434 1,298
Morningstar, Inc. 763 42,682
Pandora Media Incpandora Media Inc (I) 1,756 18,859
ReachLocal, Inc. (I) 275 2,775
The Madison Square Garden, Inc., Class A (I) 1,798 67,407
Valassis Communications, Inc. (I)(L) 1,310 26,082
 
    328,763
Multiline Retail - 0.3%    
Big Lots, Inc. (I) 1,996 73,353
Dillard’s, Inc., Class A 914 61,457
Fred’s, Inc., Class A (L) 11,890 163,488
Gordmans Stores, Inc. (I) 182 3,241
Saks, Inc. (I)(L) 1,191 11,743
 
    313,282
Specialty Retail - 5.5%    
Aaron’s, Inc. 2,198 58,357
Aeropostale, Inc. (I) 2,457 45,455
Americas Car-Mart, Inc. (I) 262 11,305
ANN, Inc. (I) 1,593 42,836
Asbury Automotive Group, Inc. (I) 563 15,049
Ascena Retail Group, Inc. (I) 3,962 75,001
Barnes & Noble, Inc. (I) 595 9,776
Bebe Stores, Inc. 40,092 255,787
Body Central Corp. (I) 9,116 133,549
Casual Male Retail Group, Inc. (I) 72,449 220,969
Charming Shoppes, Inc. (I)(L) 2,304 16,911
Chico’s FAS, Inc. 95,752 1,398,937
Citi Trends, Inc. (I) 454 6,274
Coldwater Creek, Inc. (I) 1,198 994
Collective Brands, Inc. (I) 645 13,719
Conn’s, Inc. (I) 681 11,911
Cost Plus, Inc. (I) 613 13,547
DSW, Inc., Class A 926 55,264
Express, Inc. (I) 18,428 340,918
Francesca’s Holdings Corp. (I) 1,062 24,915
Genesco, Inc. (I) 5,406 359,499
GNC Holdings, Inc., Class A 2,111 81,337
Haverty Furniture Companies, Inc. 568 6,896
Hibbett Sports, Inc. (I)(L) 805 45,104
HOT Topic, Inc. 793 7,859
Jos A. Bank Clothiers, Inc. (I)(L) 847 37,573
Kirkland’s, Inc. (I) 503 5,453
Lithia Motors, Inc., Class A 338 8,254
Lumber Liquidators Holdings, Inc. (I)(L) 724 21,061
Mattress Firm Holding Corp. (I) 205 7,017
Monro Muffler Brake, Inc. 5,292 178,817
New York & Company, Inc. (I) 752 2,655
Office Depot, Inc. (I) 8,544 18,370

 

Smaller Company Growth Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Specialty Retail (continued)    
Penske Automotive Group, Inc. (L) 481 $ 11,823
PEP Boys - Manny, Moe & Jack 802 7,443
Pier 1 Imports, Inc. 16,352 266,538
Rent-A-Center, Inc. 5,837 196,532
Rue21, Inc. (I)(L) 27,684 733,072
Select Comfort Corp. (I) 13,761 376,501
Talbots, Inc. (I)(L) 1,326 3,235
The Buckle, Inc. (L) 7,706 301,613
The Children’s Place Retail Stores, Inc. (I)(L) 378 17,377
The Finish Line, Inc., Class A (L) 14,370 296,309
The Wet Seal, Inc., Class A (I)(L) 2,659 7,552
Vitamin Shoppe, Inc. (I) 6,492 321,484
Zumiez, Inc. (I) 637 23,435
 
    6,094,283
Textiles, Apparel & Luxury Goods - 0.8%    
Carter’s, Inc. (I)(L) 1,523 82,135
Crocs, Inc. (I) 2,733 46,215
Fifth & Pacific Companies, Inc. (I) 3,072 36,772
G-III Apparel Group, Ltd. (I)(L) 332 8,204
Hanesbrands, Inc. (I)(L) 1,929 53,742
K-Swiss, Inc., Class A (I) 276 825
Kenneth Cole Productions, Inc., Class A (I) 102 1,540
Maidenform Brands, Inc. (I)(L) 12,305 237,487
Oxford Industries, Inc. 213 9,809
Steven Madden, Ltd. (I) 9,102 368,995
The Warnaco Group, Inc. (I) 1,185 52,744
True Religion Apparel, Inc. 711 20,854
Vera Bradley, Inc. (I) 534 11,679
 
    931,001
 
    16,276,712
Consumer Staples - 2.3%    
Beverages - 0.0%    
Boston Beer Company, Inc. (I) 267 27,995
Coca-Cola Bottling Company Consolidated 99 6,066
National Beverage Corp. (I) 352 5,090
 
    39,151
Food & Staples Retailing - 0.7%    
Casey’s General Stores, Inc. 1,158 65,578
Harris Teeter Supermarkets, Inc. 10,920 409,828
Pricesmart, Inc. 591 39,940
Rite Aid Corp. (I) 20,501 26,651
Susser Holdings Corp. (I) 4,107 120,130
The Chefs’ Warehouse, Inc. (I) 350 6,668
The Fresh Market, Inc. (I) 843 48,995
United Natural Foods, Inc. (I) 1,356 68,749
 
    786,539
Food Products - 0.9%    
Calavo Growers, Inc. 360 9,860
Darling International, Inc. (I) 23,179 324,738
Dean Foods Company (I) 5,613 87,787
J&J Snack Foods Corp. 457 25,167
Sanderson Farms, Inc. (L) 576 31,645
Smart Balance, Inc. (I) 1,793 10,632
The Hain Celestial Group, Inc. (I)(L) 1,147 63,647
Tootsie Roll Industries, Inc. (L) 276 6,169
TreeHouse Foods, Inc. (I) 7,781 443,595
 
    1,003,240
Household Products - 0.3%    
Spectrum Brands Holdings, Inc. (I) 8,475 292,557

 

155

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Personal Products - 0.4%    
Elizabeth Arden, Inc. (I) 802 $ 27,637
Inter Parfums, Inc. (L) 14,743 231,465
Medifast, Inc. (I) 396 7,152
Nature’s Sunshine Products, Inc. 379 5,533
Nu Skin Enterprises, Inc., Class A (L) 1,730 74,182
Prestige Brands Holdings, Inc. (I) 767 10,531
Revlon, Inc. (I) 373 5,554
Schiff Nutrition International, Inc. (I) 251 4,217
USANA Health Sciences, Inc. (I) 219 8,848
 
    375,119
Tobacco - 0.0%    
Star Scientific, Inc. (I)(L) 3,287 12,754
 
    2,509,360
Energy - 9.4%    
Energy Equipment & Services - 2.7%    
Atwood Oceanics, Inc. (I) 1,785 68,205
Basic Energy Services, Inc. (I) 15,431 174,988
C&J Energy Services, Inc. (I) 632 11,300
CARBO Ceramics, Inc. (L) 633 51,501
Dawson Geophysical Company (I) 6,000 136,200
Dril-Quip, Inc. (I) 1,041 63,074
Gulfmark Offshore, Inc., Class A (I) 6,459 230,522
Heckmann Corp. (I)(L) 4,189 14,159
Helix Energy Solutions Group, Inc. (I) 12,051 206,434
Hornbeck Offshore Services, Inc. (I)(L) 1,012 33,791
ION Geophysical Corp. (I) 1,893 11,472
Key Energy Services, Inc. (I) 13,286 131,664
Lufkin Industries, Inc. (L) 1,010 58,045
Matrix Service Company (I) 782 8,125
McDermott International, Inc. (I) 127,080 1,289,862
North American Energy Partners, Inc. (I) 21,063 63,821
Oil States International, Inc. (I) 1,571 104,581
OYO Geospace Corp. (I) 3,715 344,715
RigNet, Inc. (I) 211 3,294
RPC, Inc. (L) 1,302 13,515
Tesco Corp. (I) 952 11,443
 
    3,030,711
Oil, Gas & Consumable Fuels - 6.7%    
Abraxas Petroleum Corp. (I)(L) 2,487 6,864
Amyris, Inc. (I) 940 2,547
Apco Oil and Gas International, Inc. 278 6,330
Approach Resources, Inc. (I) 790 22,144
ATP Oil & Gas Corp. (I)(L) 1,413 7,461
Berry Petroleum Company, Class A (L) 1,428 55,563
Bill Barrett Corp. (I)(L) 728 14,058
BPZ Resources, Inc. (I)(L) 2,821 8,717
Carrizo Oil & Gas, Inc. (I)(L) 48,259 1,067,006
Cheniere Energy, Inc. (I)(L) 4,583 64,345
Clayton Williams Energy, Inc. (I) 185 10,571
Clean Energy Fuels Corp. (I)(L) 2,081 28,322
Cloud Peak Energy, Inc. (I) 648 10,031
Contango Oil & Gas Company (I) 397 20,858
Crosstex Energy, Inc. 809 10,930
CVR Energy, Inc. (I) 1,717 43,680
Enbridge Energy Management LLC (I) 504 15,720
Energy XXI Bermuda, Ltd. 10,163 315,561
FX Energy, Inc. (I)(L) 1,548 7,539
Gastar Exploration, Ltd. (I) 1,150 2,070
GeoResources, Inc. (I) 623 22,241
Gevo, Inc. (I) 226 1,372
Goodrich Petroleum Corp. (I) 830 12,259
Gran Tierra Energy, Inc. (I) 8,480 42,824

 

Smaller Company Growth Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Gulfport Energy Corp. (I) 10,425 $ 192,654
Halcon Resources Corp. (I) 1,969 18,528
Hyperdynamics Corp. (I)(L) 3,296 2,505
InterOil Corp. (I)(L) 28,520 1,894,013
James River Coal Company (I) 975 2,447
KiOR, Inc., Class A (I) 519 4,697
Kodiak Oil & Gas Corp. (I) 160,534 1,301,931
Magnum Hunter Resources Corp. (I)(L) 4,808 19,376
McMoRan Exploration Company (I)(L) 2,074 20,180
Northern Oil and Gas, Inc. (I)(L) 1,835 32,902
Oasis Petroleum, Inc. (I)(L) 2,258 58,008
Patriot Coal Corp. (I)(L) 2,826 6,698
Petroleum Development Corp. 918 22,803
Rentech, Inc. (I) 6,852 12,882
Resolute Energy Corp. (I) 1,487 13,011
Rex Energy Corp. (I)(L) 125,422 1,261,745
Rosetta Resources, Inc. (I) 8,842 342,097
Sanchez Energy Corp. (I) 368 8,887
SemGroup Corp., Class A (I) 1,145 34,522
Solazyme, Inc. (I) 875 9,590
Swift Energy Company (I)(L) 11,649 231,932
Transatlantic Petroleum, Ltd. (I)(L) 5,361 4,825
Triangle Petroleum Corp. (I)(L) 1,269 6,472
Uranium Energy Corp. (I)(L) 2,100 4,830
Venoco, Inc. (I) 903 8,425
Western Refining, Inc. 1,037 20,056
World Fuel Services Corp. (L) 1,083 40,613
 
    7,375,642
 
    10,406,353
Financials - 8.0%    
Capital Markets - 1.5%    
Duff & Phelps Corp. 1,005 14,321
Epoch Holding Corp. 495 11,375
Evercore Partners, Inc., Class A 395 9,760
Financial Engines, Inc. (I) 1,190 24,966
GAMCO Investors, Inc., Class A 65 2,698
HFF, Inc. (I) 1,009 13,198
ICG Group, Inc. (I) 1,138 9,901
INTL FCStone, Inc. (I) 433 7,915
KBW, Inc. 12,736 206,451
Ladenburg Thalmann    
Financial Services, Inc. (I) 3,384 4,941
Raymond James Financial, Inc. 24,300 830,574
Safeguard Scientifics, Inc. (I) 630 9,545
Virtus Investment Partners, Inc. (I) 172 12,191
Walter Investment Management Corp. 16,414 310,717
WisdomTree Investments, Inc. (I) 29,329 195,918
 
    1,664,471
Commercial Banks - 1.3%    
Boston Private Financial Holdings, Inc. (L) 24,070 217,111
CapitalSource, Inc. 4,622 29,257
Cardinal Financial Corp. 548 6,247
First Citizens BancShares, Inc. 1,011 170,354
First Connecticut Bancorp, Inc. 353 4,600
First Horizon National Corp. (L) 10,050 85,224
Investors Bancorp, Inc. (I) 1,357 20,274
Pinnacle Financial Partners, Inc. (I) 6,250 106,625
Signature Bank (I)(L) 1,405 86,281
SVB Financial Group (I)(L) 4,695 280,104
Texas Capital Bancshares, Inc. (I)(L) 5,527 214,337
Umpqua Holdings Corp. (L) 13,657 175,219

 

156

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Webster Financial Corp. 1,089 $ 22,074
 
  
    1,417,707
Consumer Finance - 0.9%    
Cash America International, Inc. (L) 5,870 261,098
Credit Acceptance Corp. (I) 312 26,439
DFC Global Corp. (I) 14,846 244,662
EZCORP, Inc., Class A (I)(L) 891 21,028
First Cash Financial Services, Inc. (I) 9,454 354,147
Green Dot Corp., Class A (I)(L) 689 14,634
Netspend Holdings, Inc. (I)(L) 1,043 7,729
Regional Management Corp. (I) 7,114 104,932
The First Marblehead Corp. (I) 2,005 2,286
World Acceptance Corp. (I)(L) 150 10,266
 
    1,047,221
Diversified Financial Services - 1.4%    
MarketAxess Holdings, Inc. 1,096 35,390
Moody’s Corp. (L) 41,080 1,503,117
NewStar Financial, Inc. (I) 263 2,940
 
    1,541,447
Insurance - 2.1%    
Citizens, Inc., Class A (I) 1,191 9,611
eHealth, Inc. (I) 579 9,281
Endurance Specialty Holdings, Ltd. 8,050 314,433
Greenlight Capital Re, Ltd., Class A (I) 598 14,806
HCC Insurance Holdings, Inc. 32,800 1,025,328
Hilltop Holdings, Inc. (I) 456 4,742
Infinity Property & Casualty Corp. 2,670 143,272
Maiden Holdings, Ltd. 22,800 185,592
Platinum Underwriters Holdings, Ltd. (L) 7,080 257,004
ProAssurance Corp. 4,500 396,630
Tower Group, Inc. (L) 389 7,636
 
    2,368,335
Real Estate Investment Trusts - 0.6%    
Alexander’s, Inc. 62 24,251
American Assets Trust, Inc. 1,016 22,951
Apartment Investment & Management    
Company, Class A 1,390 37,627
Coresite Realty Corp. 631 15,049
Cousins Properties, Inc. 997 7,218
DuPont Fabros Technology, Inc. (L) 1,917 48,864
Education Realty Trust, Inc. (L) 1,396 15,384
Equity Lifestyle Properties, Inc. 776 51,107
Extra Space Storage, Inc. 2,950 83,662
FelCor Lodging Trust, Inc. (I) 2,340 9,711
First Industrial Realty Trust, Inc. (I) 876 10,451
Hudson Pacific Properties, Inc. 674 10,797
iStar Financial, Inc. (I) 741 4,201
Pebblebrook Hotel Trust 1,550 34,023
Post Properties, Inc. 810 39,212
PS Business Parks, Inc. 587 38,677
Strategic Hotels & Resorts, Inc. (I) 1,719 10,709
Tanger Factory Outlet Centers, Inc. 1,795 55,663
Taubman Centers, Inc. 1,695 123,735
 
    643,292
Real Estate Management & Development - 0.1%    
Altisource Portfolio Solutions SA (I) 498 28,814
Forest City Enterprises, Inc., Class A (I)(L) 3,655 48,940
Tejon Ranch Company (I)(L) 439 11,695
The St. Joe Company (I)(L) 1,368 21,847
 
    111,296

 

Smaller Company Growth Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Thrifts & Mortgage Finance - 0.1%    
Beneficial Mutual Bancorp, Inc. (I) 1,101 $ 9,524
Doral Financial Corp. (I) 1,365 1,966
MGIC Investment Corp. (I) 2,910 7,391
Ocwen Financial Corp. (I) 3,162 50,687
Radian Group, Inc. 3 7
 
    69,575
 
    8,863,344
Health Care - 16.1%    
Biotechnology - 3.5%    
Achillion Pharmaceuticals, Inc. (I) 1,379 9,901
Acorda Therapeutics, Inc. (I) 1,208 26,564
Aegerion Pharmaceuticals, Inc. (I) 359 5,460
Affymax, Inc. (I) 1,033 14,607
Alkermes PLC (I) 2,445 38,191
Allos Therapeutics, Inc. (I) 2,415 4,299
Alnylam Pharmaceuticals, Inc. (I)(L) 902 9,236
AMAG Pharmaceuticals, Inc. (I) 451 6,328
Ardea Biosciences, Inc. (I) 808 25,816
Arena Pharmaceuticals, Inc. (I)(L) 5,948 39,792
Ariad Pharmaceuticals, Inc. (I)(L) 4,836 80,133
Arqule, Inc. (I) 1,766 10,490
Astex Pharmaceuticals (I) 93,736 164,975
AVEO Pharmaceuticals, Inc. (I) 987 12,565
BioMarin Pharmaceutical, Inc. (I)(L) 3,501 124,776
BioMimetic Therapeutics, Inc. (I) 306 771
Biotime, Inc. (I)(L) 840 3,377
Cell Therapeutics, Inc. (I)(L) 6,200 5,578
Cepheid, Inc. (I)(L) 1,983 75,017
Codexis, Inc. (I) 680 2,122
Cubist Pharmaceuticals, Inc. (I) 7,085 284,250
Curis, Inc. (I) 2,345 10,975
Dendreon Corp. (I)(L) 3,042 21,294
Dyax Corp. (I) 3,003 5,586
Dynavax Technologies Corp. (I) 5,032 18,971
Emergent Biosolutions, Inc. (I) 766 11,046
Exact Sciences Corp. (I) 1,705 16,845
Exelixis, Inc. (I) 4,515 20,904
Genomic Health, Inc. (I)(L) 494 16,692
Geron Corp. (I)(L) 2,069 2,710
Halozyme Therapeutics, Inc. (I)(L) 2,857 21,827
Idenix Pharmaceuticals, Inc. (I) 1,357 12,267
Immunogen, Inc. (I) 1,518 21,267
Immunomedics, Inc. (I)(L) 2,182 7,244
Incyte Corp. (I)(L) 3,487 74,308
InterMune, Inc. (I) 1,292 13,476
Ironwood Pharmaceuticals, Inc. (I)(L) 2,287 27,261
Isis Pharmaceuticals, Inc. (I) 1,874 18,534
Lexicon Pharmaceuticals, Inc. (I) 4,271 6,791
Ligand Pharmaceuticals, Inc., Class B (I) 539 6,754
Mannkind Corp. (I)(L) 3,466 6,308
Medivation, Inc. (I) 1,041 87,683
Metabolix, Inc. (I) 608 1,216
Momenta Pharmaceuticals, Inc. (I) 1,328 18,313
Myriad Genetics, Inc. (I) 18,065 435,908
Neurocrine Biosciences, Inc. (I) 2,015 13,480
Novavax, Inc. (I)(L) 3,145 3,994
NPS Pharmaceuticals, Inc. (I) 2,620 20,672
Onyx Pharmaceuticals, Inc. (I) 8,730 399,659
Opko Health, Inc. (I)(L) 4,415 20,309
Orexigen Therapeutics, Inc. (I) 1,073 3,584
Osiris Therapeutics, Inc. (I)(L) 482 3,051
Pharmacyclics, Inc. (I) 1,675 52,629
Progenics Pharmaceuticals, Inc. (I) 976 8,452

 

157

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Biotechnology (continued)    
PROLOR Biotech, Inc. (I) 1,398 $ 7,116
Protalix BioTherapeutics, Inc. (I)(L) 1,934 12,494
Raptor Pharmaceutical Corp. (I)(L) 1,453 7,803
Rigel Pharmaceuticals, Inc. (I) 2,167 16,101
Sangamo Biosciences, Inc. (I) 1,518 6,740
Savient Pharmaceuticals, Inc. (I)(L) 1,332 965
Seattle Genetics, Inc. (I)(L) 15,938 310,472
SIGA Technologies, Inc. (I) 1,172 2,707
Spectrum Pharmaceuticals, Inc. (I)(L) 1,681 19,483
Synageva BioPharma Corp. (I) 252 9,831
Targacept, Inc. (I) 857 3,557
Theravance, Inc. (I)(L) 2,368 48,994
Trius Therapeutics, Inc. (I) 638 3,273
United Therapeutics Corp. (I) 25,142 1,112,282
ZIOPHARM Oncology, Inc. (I)(L) 1,946 10,002
 
    3,926,078
Health Care Equipment & Supplies - 4.3%    
Abaxis, Inc. (I) 660 21,608
ABIOMED, Inc. (I)(L) 1,068 21,712
Accuray, Inc. (I)(L) 2,053 12,872
Align Technology, Inc. (I) 1,932 60,336
Antares Pharma, Inc. (I)(L) 2,833 7,706
Arthrocare Corp. (I) 839 21,965
Atrion Corp. 49 9,843
Cantel Medical Corp. 696 15,215
Conceptus, Inc. (I) 903 15,207
CONMED Corp. 32,520 871,211
Cyberonics, Inc. (I) 838 32,305
DexCom, Inc. (I)(L) 2,057 22,113
Endologix, Inc. (I)(L) 1,502 20,412
Greatbatch, Inc. (I) 356 7,391
Haemonetics Corp. (I) 6,214 433,178
HeartWare International, Inc. (I)(L) 344 27,991
Hill-Rom Holdings, Inc. 659 19,381
ICU Medical, Inc. (I)(L) 380 19,551
Insulet Corp. (I)(L) 1,447 26,654
Integra LifeSciences Holdings Corp. (I)(L) 613 21,768
Kensey Nash Corp. 88 3,384
MAKO Surgical Corp. (I) 20,251 459,900
Masimo Corp. (I)(L) 13,594 255,703
Meridian Bioscience, Inc. (L) 423 8,012
Merit Medical Systems, Inc. (I) 1,214 15,782
Natus Medical, Inc. (I) 320 3,584
Navidea Biopharmaceuticals, Inc. (I) 2,602 7,025
Neogen Corp. (I)(L) 680 26,479
NuVasive, Inc. (I) 1,298 25,648
NxStage Medical, Inc. (I) 1,511 22,952
OraSure Technologies, Inc. (I) 1,436 14,863
Orthofix International NV (I) 560 21,224
Palomar Medical Technologies, Inc. (I) 208 1,731
Quidel Corp. (I) 910 14,305
RTI Biologics, Inc. (I) 1,606 5,766
Sirona Dental Systems, Inc. (I) 1,695 72,512
STAAR Surgical Company (I)(L) 1,057 8,974
SurModics, Inc. (I) 171 2,382
The Cooper Companies, Inc. 20,281 1,727,536
Thoratec Corp. (I) 10,652 323,182
Tornier BV (I)(L) 402 7,940
Unilife Corp. (I)(L) 2,021 8,428
Volcano Corp. (I) 1,541 44,057
West Pharmaceutical Services, Inc. 987 47,179
 
    4,816,967

 

Smaller Company Growth Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services - 2.4%    
Acadia Healthcare Company, Inc. (I) 677 $ 12,118
Accretive Health, Inc. (I)(L) 1,195 14,053
Air Methods Corp. (I)(L) 345 31,447
AMERIGROUP Corp. (I)(L) 1,464 91,354
AMN Healthcare Services, Inc. (I) 409 2,454
Bio-Reference Labs, Inc. (I) 765 14,711
BioScrip, Inc. (I) 1,314 8,883
Brookdale Senior Living, Inc. (I) 2,948 48,613
Catalyst Health Solutions, Inc. (I) 12,100 1,051,127
Centene Corp. (I) 10,999 397,504
Chemed Corp. (L) 582 32,330
Corvel Corp. (I) 207 9,197
Emeritus Corp. (I)(L) 810 12,320
ExamWorks Group, Inc. (I) 933 10,515
Gentiva Health Services, Inc. (I) 294 1,649
HealthSouth Corp. (I)(L) 2,880 55,123
HMS Holdings Corp. (I)(L) 10,874 291,314
IPC The Hospitalist Company, Inc. (I) 503 17,600
Landauer, Inc. 100 5,043
LHC Group, Inc. (I) 249 4,171
Mednax, Inc. (I) 1,494 91,149
Metropolitan Health Networks, Inc. (I) 25,764 224,147
Molina Healthcare, Inc. (I)(L) 317 8,087
MWI Veterinary Supply, Inc. (I)(L) 368 34,206
PSS World Medical, Inc. (I)(L) 1,560 31,559
Sunrise Senior Living, Inc. (I)(L) 1,520 9,150
Team Health Holdings, Inc. (I) 863 19,625
Tenet Healthcare Corp. (I) 12,717 59,897
Universal American Corp. (I) 355 3,490
VCA Antech, Inc. (I) 2,412 51,954
 
    2,644,790
Health Care Technology - 1.0%    
athenahealth, Inc. (I)(L) 1,079 78,433
Computer Programs & Systems, Inc. (L) 4,607 250,621
ePocrates, Inc. (I) 550 4,169
HealthStream, Inc. (I)(L) 10,572 223,281
MedAssets, Inc. (I) 22,334 252,821
Medidata Solutions, Inc. (I) 716 20,234
Merge Healthcare, Inc. (I) 1,799 4,228
Omnicell, Inc. (I) 20,397 266,997
Quality Systems, Inc. (L) 1,256 35,934
 
    1,136,718
Life Sciences Tools & Services - 1.8%    
Affymetrix, Inc. (I) 964 4,569
Bruker Corp. (I) 23,092 342,454
Charles River    
Laboratories International, Inc. (I) 967 32,278
Complete Genomics, Inc. (I)(L) 480 1,118
eResearch Technology, Inc. (I) 1,498 11,834
Fluidigm Corp. (I) 492 6,849
ICON PLC, ADR (I) 18,069 387,941
Illumina, Inc. (I)(L) 23,200 998,992
Luminex Corp. (I)(L) 1,144 25,340
Pacific Biosciences of California, Inc. (I) 1,249 2,948
PAREXEL International Corp. (I) 1,810 48,436
Sequenom, Inc. (I)(L) 3,293 12,612
Techne Corp. 1,029 69,828
 
    1,945,199
Pharmaceuticals - 3.1%    
Akorn, Inc. (I)(L) 17,846 243,598
Alimera Sciences, Inc. (I) 333 912
Ampio Pharmaceuticals, Inc. (I) 614 1,983
Auxilium Pharmaceuticals, Inc. (I) 1,470 28,077

 

158

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Pharmaceuticals (continued)    
AVANIR Pharmaceuticals, Class A (I) 2,361 $ 7,012
Cadence Pharmaceuticals, Inc. (I) 1,784 4,906
Clovis Oncology, Inc. (I) 358 6,376
Corcept Therapeutics, Inc. (I) 1,000 4,090
Depomed, Inc. (I)(L) 35,463 182,280
Endocyte, Inc. (I) 815 5,240
Forest Laboratories, Inc. 446 424
Hi-Tech Pharmacal Company, Inc. (I) 316 9,129
Impax Laboratories, Inc. (I) 16,071 333,152
ISTA Pharmaceuticals, Inc. (I) 1,270 11,544
Jazz Pharmaceuticals PLC (I) 10,597 457,790
MAP Pharmaceuticals, Inc. (I) 696 8,192
Nektar Therapeutics (I) 2,263 15,162
Obagi Medical Products, Inc. (I) 565 7,000
Optimer Pharmaceuticals, Inc. (I)(L) 1,348 20,139
Pain Therapeutics, Inc. (I) 552 2,070
Pozen, Inc. (I)(L) 819 5,676
Questcor Pharmaceuticals, Inc. (I)(L) 8,325 344,655
Sagent Pharmaceuticals, Inc. (I) 301 4,801
Salix Pharmaceuticals, Ltd. (I) 4,588 237,704
SciClone Pharmaceuticals, Inc. (I) 1,419 8,940
The Medicines Company (I) 1,653 36,333
ViroPharma, Inc. (I)(L) 1,342 27,028
Vivus, Inc. (I) 1,864 46,209
Watson Pharmaceuticals, Inc. (I) 18,580 1,324,568
XenoPort, Inc. (I)(L) 462 2,717
 
    3,387,707
 
  
    17,857,459
Industrials - 16.6%    
Aerospace & Defense - 2.7%    
Aerovironment, Inc. (I)(L) 538 11,987
American Science & Engineering, Inc. 271 13,130
Astronics Corp. (I) 256 6,533
BE Aerospace, Inc. (I) 33,720 1,460,750
Cubic Corp. (L) 488 21,179
Curtiss-Wright Corp. 808 24,555
DigitalGlobe, Inc. (I) 27,747 448,392
Exelis, Inc. 5,133 51,330
GenCorp, Inc. (I) 1,430 8,752
HEICO Corp. 454 18,914
HEICO Corp., Class A 904 30,284
Hexcel Corp. (I)(L) 17,383 423,798
Moog, Inc., Class A (I) 1,191 45,282
National Presto Industries, Inc. 146 9,791
Orbital Sciences Corp., Class A (I) 1,793 20,064
Taser International, Inc. (I) 1,631 8,775
Teledyne Technologies, Inc. (I) 668 39,799
The KEYW Holding Corp. (I) 477 4,398
Triumph Group, Inc. 5,713 341,866
 
    2,989,579
Air Freight & Logistics - 2.3%    
Echo Global Logistics, Inc. (I) 404 6,872
Forward Air Corp. 873 27,700
HUB Group, Inc., Class A (I)(L) 44,510 1,556,070
Pacer International, Inc. (I) 372 2,098
UTi Worldwide, Inc. 61,459 961,219
 
    2,553,959
Airlines - 0.3%    
Alaska Air Group, Inc. (I) 5,240 179,732
Allegiant Travel Company (I)(L) 3,034 196,755
Spirit Airlines, Inc. (I) 1,339 27,597
 
    404,084

 

Smaller Company Growth Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Building Products - 0.7%    
AAON, Inc. (L) 365 $ 6,840
American Woodmark Corp. (I) 107 1,809
AO Smith Corp. 7,757 358,063
Armstrong World Industries, Inc. (L) 5,461 254,428
Fortune Brands Home & Security, Inc. (I) 4,323 97,786
Simpson Manufacturing Company, Inc. 395 10,977
Trex Company, Inc. (I)(L) 388 11,291
USG Corp. (I)(L) 1,080 16,654
 
    757,848
Commercial Services & Supplies - 1.2%    
ACCO Brands Corp. (I) 2,213 20,183
American Reprographics Company (I) 418 2,161
Clean Harbors, Inc. (I) 1,453 90,188
Consolidated Graphics, Inc. (I) 6,930 202,148
Corrections Corp. of America 14,669 382,421
Encore Capital Group, Inc. (I) 235 5,696
EnergySolutions, Inc. (I) 851 2,996
EnerNOC, Inc. (I) 664 4,196
Healthcare Services Group, Inc. (L) 1,933 37,790
Herman Miller, Inc. 1,773 32,765
InnerWorkings, Inc. (I) 15,922 187,720
Interface, Inc. (L) 953 12,094
KAR Auction Services, Inc. (I) 1,244 18,536
Knoll, Inc. 1,459 19,361
Mobile Mini, Inc. (I)(L) 1,180 16,213
Portfolio Recovery Associates, Inc. (I) 522 36,075
Rollins, Inc. 6,141 130,435
Standard Parking Corp. (I) 458 8,707
Swisher Hygiene, Inc. (I)(L) 1,203 2,394
Sykes Enterprises, Inc. (I) 1,175 17,684
Team, Inc. (I) 543 14,487
Tetra Tech, Inc. (I) 1,830 45,732
Unifirst Corp. 439 25,120
United Stationers, Inc. (L) 1,187 29,972
 
    1,345,074
Construction & Engineering - 2.2%    
Aegion Corp. (I) 778 12,269
Dycom Industries, Inc. (I) 358 7,010
Furmanite Corp. (I) 1,129 5,193
MasTec, Inc. (I) 73,452 1,200,940
MYR Group, Inc. (I) 12,361 188,011
Orion Marine Group, Inc. (I) 412 2,752
Quanta Services, Inc. (I)(L) 41,600 939,328
The Shaw Group, Inc. (I) 1,982 50,343
 
    2,405,846
Electrical Equipment - 1.6%    
Acuity Brands, Inc. (L) 641 34,935
American Superconductor Corp. (I)(L) 1,252 4,933
AZZ, Inc. 134 7,186
Belden, Inc. 45,360 1,417,500
Capstone Turbine Corp. (I)(L) 8,392 8,644
Ener1, Inc. (I) 23 0
Franklin Electric Company, Inc. 604 29,548
Global Power Equipment Group, Inc. 498 9,178
II-VI, Inc. (I)(L) 12,860 243,054
Polypore International, Inc. (I)(L) 1,415 52,341
Powell Industries, Inc. (I) 286 10,519
Preformed Line Products Company 47 2,617
Thermon Group Holdings, Inc. (I) 347 7,048
Vicor Corp. 613 3,690
 
    1,831,193

 

159

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Industrial Conglomerates - 0.1%    
Raven Industries, Inc. 523 $ 34,842
Seaboard Corp. (I) 11 21,850
Standex International Corp. 370 15,055
 
    71,747
Machinery - 1.9%    
Accuride Corp. (I) 794 4,700
Actuant Corp., Class A 6,196 162,149
American Railcar Industries, Inc. (I) 144 3,046
Astec Industries, Inc. (I) 7,407 203,322
Barnes Group, Inc. 1,409 32,787
Blount International, Inc. (I) 1,409 19,191
Chart Industries, Inc. (I)(L) 2,506 156,525
CLARCOR, Inc. 994 48,507
Colfax Corp. (I) 1,693 47,963
Commercial Vehicle Group, Inc. (I) 728 6,355
Dynamic Materials Corp. 406 6,853
EnPro Industries, Inc. (I)(L) 626 24,114
Federal Signal Corp. (I) 1,892 9,422
Graco, Inc. 1,821 87,718
Kennametal, Inc. 1,213 42,164
Lincoln Electric Holdings, Inc. 2,421 115,191
Lindsay Corp. 386 21,481
Meritor, Inc. (I) 2,735 14,796
Middleby Corp. (I) 569 58,192
NACCO Industries, Inc., Class A 54 5,666
Nordson Corp. 1,673 89,690
PMFG, Inc. (I) 506 3,866
RBC Bearings, Inc. (I) 672 31,181
Robbins & Myers, Inc. 623 28,403
Sauer-Danfoss, Inc. 368 13,296
Sun Hydraulics, Inc. 624 14,558
Tennant Company 4,092 172,682
The Gorman-Rupp Company (L) 447 12,520
The Manitowoc Company, Inc. 3,812 39,645
The Toro Company 898 66,910
Titan International, Inc. (L) 1,174 26,298
TriMas Corp. (I) 14,367 287,484
Twin Disc, Inc. (L) 251 4,784
Valmont Industries, Inc. 329 37,671
Wabash National Corp. (I) 703 4,893
Wabtec Corp. 1,404 101,944
Woodward, Inc. (L) 1,715 64,673
 
    2,070,640
Marine - 0.1%    
Eagle Bulk Shipping, Inc. (I) 0 1
Genco Shipping & Trading, Ltd. (I) 349 1,089
Kirby Corp. (I) 1,529 80,701
 
    81,791
Professional Services - 1.2%    
Acacia Research Corp. (I) 1,306 45,410
Exponent, Inc. (I) 405 19,124
FTI Consulting, Inc. (I)(L) 6,733 212,561
Hill International, Inc. (I) 532 1,623
Huron Consulting Group, Inc. (I) 8,543 267,054
Insperity, Inc. 666 16,723
Kforce, Inc. (I) 922 12,290
Korn/Ferry International (I) 727 9,887
Mistras Group, Inc. (I) 9,574 215,798
On Assignment, Inc. (I) 1,122 18,693
Pendrell Corp. (I) 3,138 3,640
Resources Connection, Inc. 1,313 15,756
RPX Corp. (I) 522 6,958
The Advisory Board Company (I) 507 49,113

 

Smaller Company Growth Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Professional Services (continued)    
The Corporate Executive Board Company 7,094 $ 257,796
The Dolan Company (I) 309 2,216
TrueBlue, Inc. (I) 11,167 166,947
 
    1,321,589
Road & Rail - 0.9%    
Amerco, Inc. 80 6,730
Avis Budget Group, Inc. (I) 3,196 47,461
Celadon Group, Inc. 658 10,600
Con-way, Inc. 1,697 59,989
Dollar Thrifty Automotive Group, Inc. (I) 856 69,832
Genesee & Wyoming, Inc., Class A (I)(L) 1,226 61,435
Heartland Express, Inc. 1,578 22,471
Knight Transportation, Inc. (L) 1,815 30,419
Landstar System, Inc. 3,851 202,948
Marten Transport, Ltd. 6,315 129,268
Old Dominion Freight Line, Inc. (I) 6,873 299,388
Patriot Transportation Holding, Inc. (I) 67 1,376
RailAmerica, Inc. (I) 903 21,509
Roadrunner Transportation Systems, Inc. (I) 420 7,056
Swift Transportation Company (I) 2,325 24,668
Zipcar, Inc. (I)(L) 338 3,634
 
    998,784
Trading Companies & Distributors - 1.4%    
Air Lease Corp. (I) 2,257 47,239
Applied Industrial Technologies, Inc. 1,150 43,367
Beacon Roofing Supply, Inc. (I) 12,681 315,123
CAI International, Inc. (I) 123 2,280
DXP Enterprises, Inc. (I) 300 14,100
H&E Equipment Services, Inc. (I)(L) 590 9,363
Kaman Corp., Class A (L) 252 7,371
Rush Enterprises, Inc., Class A (I) 10,118 167,655
Titan Machinery, Inc. (I) 486 14,993
United Rentals, Inc. (I)(L) 2,299 79,430
Watsco, Inc. (L) 485 35,701
WESCO International, Inc. (I)(L) 13,200 785,268
 
    1,521,890
 
    18,354,024
Information Technology - 23.9%    
Communications Equipment - 1.2%    
ADTRAN, Inc. (L) 8,945 261,462
Anaren, Inc. (I) 135 2,608
Aruba Networks, Inc. (I) 3,323 43,664
Calix, Inc. (I) 946 7,596
Ciena Corp. (I)(L) 3,001 40,664
Comverse Technology, Inc. (I) 6,662 40,705
Digi International, Inc. (I) 781 7,060
EchoStar Corp., Class A (I) 1,123 31,410
Emulex Corp. (I) 16,293 109,489
Extreme Networks, Inc. (I) 2,395 8,933
Finisar Corp. (I)(L) 2,764 39,663
Globecomm Systems, Inc. (I) 628 6,657
Infinera Corp. (I)(L) 1,627 10,429
InterDigital, Inc. 480 11,851
Ixia (I) 1,124 11,892
JDS Uniphase Corp. (I)(L) 7,115 72,217
Loral Space & Communications, Inc. 289 17,427
NETGEAR, Inc. (I) 1,150 36,099
Oclaro, Inc. (I)(L) 1,575 4,016
Oplink Communications, Inc. (I) 526 6,743
Plantronics, Inc. 1,308 39,358
Procera Networks, Inc. (I) 586 12,247
RADWARE, Ltd., ADR (I) 6,730 258,028

 

160

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Communications Equipment (continued)    
ShoreTel, Inc. (I) 1,171 $ 4,906
Sonus Networks, Inc. (I) 93,011 226,017
Sycamore Networks, Inc. (I) 215 2,851
ViaSat, Inc. (I)(L) 1,175 49,374
 
    1,363,366
Computers & Peripherals - 1.5%    
3D Systems Corp. (I)(L) 1,316 40,006
Cray, Inc. (I) 6,342 67,733
Diebold, Inc. 6,940 256,849
Fusion-io, Inc. (I)(L) 1,508 31,487
Imation Corp. (I) 326 1,852
Intevac, Inc. (I) 247 1,865
NCR Corp. (I) 1,686 36,114
NetApp, Inc. (I) 34,700 1,032,672
OCZ Technology Group, Inc. (I)(L) 1,235 5,533
QLogic Corp. (I) 3,003 40,871
Quantum Corp. (I) 7,128 13,900
Silicon Graphics International Corp. (I) 962 5,666
STEC, Inc. (I) 1,147 8,098
Stratasys, Inc. (I)(L) 590 28,037
Super Micro Computer, Inc. (I)(L) 928 14,792
Synaptics, Inc. (I) 943 25,291
 
    1,610,766
Electronic Equipment, Instruments & Components - 1.7%  
Agilysys, Inc. (I) 302 2,199
Anixter International, Inc. (L) 855 49,171
Badger Meter, Inc. 218 7,872
Cognex Corp. (L) 608 21,274
Coherent, Inc. (I) 717 31,648
DTS, Inc. (I)(L) 503 13,898
Echelon Corp. (I) 1,034 3,650
Fabrinet (I) 681 7,940
FARO Technologies, Inc. (I) 510 23,526
FEI Company (I)(L) 1,095 50,118
Insight Enterprises, Inc. (I) 62,310 927,796
InvenSense, Inc. (I) 608 6,044
IPG Photonics Corp. (I)(L) 998 42,714
Maxwell Technologies, Inc. (I) 10,648 73,791
Measurement Specialties, Inc. (I)(L) 436 14,244
Mercury Computer Systems, Inc. (I) 939 11,127
Methode Electronics, Inc. 394 2,959
Multi-Fineline Electronix, Inc. (I) 291 7,208
National Instruments Corp. 2,937 76,479
OSI Systems, Inc. (I) 6,209 396,258
Power-One, Inc. (I) 1,576 6,540
RealD, Inc. (I)(L) 1,243 14,879
Rofin-Sinar Technologies, Inc. (I) 868 17,230
Rogers Corp. (I) 173 6,974
Scansource, Inc. (I) 834 24,995
Universal Display Corp. (I)(L) 1,264 35,582
Viasystems Group, Inc. (I) 96 1,844
 
    1,877,960
Internet Software & Services - 5.2%    
Active Network, Inc. (I) 601 8,438
Ancestry.com, Inc. (I)(L) 850 18,309
Angie’s List, Inc. (I) 790 10,088
Bankrate, Inc. (I) 1,217 21,151
Carbonite, Inc. (I) 230 1,773
comScore, Inc. (I) 928 16,843
Constant Contact, Inc. (I)(L) 33,850 685,463
Cornerstone Ondemand, Inc. (I) 737 14,777
CoStar Group, Inc. (I)(L) 3,354 247,827
DealerTrack Holdings, Inc. (I)(L) 10,117 276,194

 

Smaller Company Growth Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Internet Software & Services (continued)    
Demand Media, Inc. (I) 887 $ 8,125
Dice Holdings, Inc. (I) 39,928 392,492
Envestnet, Inc. (I) 532 6,310
Equinix, Inc. (I)(L) 10,050 1,639,256
InfoSpace, Inc. (I) 1,139 14,534
Internap Network Services Corp. (I) 1,429 10,189
Keynote Systems, Inc. 476 6,878
KIT Digital, Inc. (I)(L) 649 2,116
Limelight Networks, Inc. (I)(L) 2,059 5,600
Liquidity Services, Inc. (I) 699 44,659
LivePerson, Inc. (I) 22,636 390,697
LogMeIn, Inc. (I) 635 20,352
MercadoLibre, Inc. 1,007 70,732
Move, Inc. (I) 1,019 8,427
NIC, Inc. 17,958 195,203
OpenTable, Inc. (I)(L) 6,809 270,453
Perficient, Inc. (I) 884 10,016
QuinStreet, Inc. (I) 961 7,794
RealNetworks, Inc. 441 3,903
Responsys, Inc. (I) 504 5,176
SciQuest, Inc. (I) 420 6,611
SPS Commerce, Inc. (I) 6,213 171,727
Stamps.com, Inc. (I) 10,209 250,733
Travelzoo, Inc. (I) 164 3,824
ValueClick, Inc. (I) 17,191 301,530
VistaPrint NV (I)(L) 9,455 320,335
Vocus, Inc. (I) 558 9,001
WebMD Health Corp. (I) 1,496 34,453
XO Group, Inc. (I) 715 6,313
Zix Corp. (I) 80,896 199,004
 
    5,717,306
IT Services - 3.7%    
Acxiom Corp. (I) 1,546 21,752
Alliance Data Systems Corp. (I) 10,750 1,354,500
Cardtronics, Inc. (I) 14,923 418,142
DST Systems, Inc. 504 25,754
Euronet Worldwide, Inc. (I) 15,658 281,687
ExlService Holdings, Inc. (I) 711 15,407
FleetCor Technologies, Inc. (I) 1,132 42,903
Forrester Research, Inc. 483 15,591
Heartland Payment Systems, Inc. 1,184 34,549
Higher One Holdings, Inc. (I)(L) 864 10,981
iGate Corp. (I) 947 15,521
Jack Henry & Associates, Inc. (L) 2,508 82,789
MAXIMUS, Inc. 1,027 46,739
MoneyGram International, Inc. (I) 523 7,285
NeuStar, Inc., Class A (I) 2,051 66,001
Sapient Corp. 3,414 37,554
ServiceSource International, Inc. (I) 1,144 13,728
Syntel, Inc. 490 27,391
TeleTech Holdings, Inc. (I) 823 12,263
TNS, Inc. (I) 12,578 224,895
Unisys Corp. (I) 1,142 17,941
VeriFone Systems, Inc. (I)(L) 28,490 1,028,774
Virtusa Corp. (I) 490 7,169
Wright Express Corp. (I) 4,124 231,191
 
    4,040,507
Office Electronics - 0.0%    
Zebra Technologies Corp., Class A (I) 1,521 50,908
Semiconductors & Semiconductor Equipment - 5.0%  
Anadigics, Inc. (I) 1,040 2,070
Applied Micro Circuits Corp. (I) 1,861 9,938
Cabot Microelectronics Corp. (L) 698 21,875

 

161

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment (continued)  
Cavium, Inc. (I) 9,433 $ 228,373
Ceva, Inc. (I)(L) 716 12,444
Cirrus Logic, Inc. (I)(L) 1,950 56,004
CSR PLC, ADR 100 1,276
Cymer, Inc. (I)(L) 891 48,265
Cypress Semiconductor Corp. (I) 1,567 20,669
Diodes, Inc. (I)(L) 13,085 256,073
Entropic Communications, Inc. (I) 2,521 10,134
Exar Corp. (I) 1,161 9,114
Fairchild    
Semiconductor International, Inc. (I)(L) 63,070 833,155
FormFactor, Inc. (I) 520 3,115
GT Advanced Technologies Inc. (I) 3,644 15,305
Hittite Microwave Corp. (I)(L) 861 42,430
Inphi Corp. (I) 543 4,512
Integrated Device Technology, Inc. (I) 1,507 8,273
Intermolecular, Inc. (I) 320 2,074
IXYS Corp. (I) 761 7,884
Kopin Corp. (I) 1,965 6,033
Kulicke & Soffa Industries, Inc. (I) 14,930 157,064
Lattice Semiconductor Corp. (I) 3,572 16,324
LTX-Credence Corp. (I) 26,635 189,109
MaxLinear, Inc., Class A (I) 556 2,491
Mellanox Technologies, Ltd. (I) 4,472 270,332
Micrel, Inc. 1,590 15,566
Microsemi Corp. (I) 2,662 47,011
MIPS Technologies, Inc. (I)(L) 50,767 324,401
MKS Instruments, Inc. 799 20,894
Monolithic Power Systems, Inc. (I) 82,555 1,551,208
Nanometrics, Inc. (I)(L) 670 10,405
Nova Measuring Instruments, Ltd. (I) 30,300 217,251
NVE Corp. (I)(L) 3,786 196,834
Omnivision Technologies, Inc. (I)(L) 557 9,012
Pericom Semiconductor Corp. (I) 243 1,910
Power Integrations, Inc. (L) 861 35,137
Rambus, Inc. (I) 3,020 14,526
RF Micro Devices, Inc. (I)(L) 8,405 31,687
Rubicon Technology, Inc. (I) 549 4,842
Semtech Corp. (I) 1,981 47,722
Sigma Designs, Inc. (I) 490 2,930
Silicon Image, Inc. (I) 52,168 230,583
Silicon Laboratories, Inc. (I) 1,221 42,161
Silicon Motion Technology Corp. (I)(L) 7,930 107,372
Standard Microsystems Corp. (I) 677 24,805
STR Holdings, Inc. (I) 446 1,704
SunPower Corp. (I) 397 1,989
Teradyne, Inc. (I)(L) 5,388 77,857
Tessera Technologies, Inc. 1,509 20,507
TriQuint Semiconductor, Inc. (I)(L) 4,867 25,357
Ultratech, Inc. (I) 753 22,831
Veeco Instruments, Inc. (I) 737 25,559
Volterra Semiconductor Corp. (I) 5,280 146,678
 
    5,493,075
Software - 5.6%    
Accelrys, Inc. (I)(L) 1,687 13,159
ACI Worldwide, Inc. (I) 9,838 375,713
Actuate Corp. (I) 1,407 9,399
Advent Software, Inc. (I) 1,009 26,325
Allot Communications, Ltd. (I) 7,613 198,090
Ariba, Inc. (I) 3,028 136,048
Aspen Technology, Inc. (I) 2,851 63,007
Blackbaud, Inc. 1,367 35,337
Bottomline Technologies, Inc. (I) 1,102 19,704
BroadSoft, Inc. (I)(L) 8,688 237,269

 

Smaller Company Growth Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
Cadence Design Systems, Inc. (I)(L) 8,336 $ 85,027
Clicksoftware Technologies, Ltd. 26,521 227,550
CommVault Systems, Inc. (I) 4,691 219,867
Compuware Corp. (I) 2,328 20,952
Concur Technologies, Inc. (I)(L) 1,410 87,209
Deltek, Inc. (I) 375 3,934
Ebix, Inc. (L) 1,126 19,592
Ellie Mae, Inc. (I) 493 8,011
Fair Isaac Corp. 1,096 44,563
Imperva, Inc. (I) 175 4,499
Interactive Intelligence Group (I) 9,803 252,917
JDA Software Group, Inc. (I) 1,295 35,846
Jive Software, Inc. (I) 570 9,548
Kenexa Corp. (I) 701 20,448
Manhattan Associates, Inc. (I) 5,614 266,665
Mentor Graphics Corp. (I) 21,220 299,202
MicroStrategy, Inc., Class A (I) 256 31,227
Monotype Imaging Holdings, Inc. (I) 1,055 14,454
Netscout Systems, Inc. (I) 17,515 351,176
NetSuite, Inc. (I) 740 34,721
NICE Systems, Ltd., ADR (I)(L) 7,777 288,371
Opnet Technologies, Inc. (L) 9,651 240,985
Parametric Technology Corp. (I) 16,511 333,522
Pegasystems, Inc. 516 15,991
Progress Software Corp. (I)(L) 1,226 23,564
PROS Holdings, Inc. (I) 618 9,289
QLIK Technologies, Inc. (I) 2,313 52,574
Quest Software, Inc. (I) 1,777 44,425
RealPage, Inc. (I) 1,106 19,742
Rosetta Stone, Inc. (I) 388 5,354
Rovi Corp. (I) 46,800 1,143,324
Seachange International, Inc. (I) 886 7,168
SolarWinds, Inc. (I) 5,698 261,310
Sourcefire, Inc. (I)(L) 877 48,375
SS&C Technologies Holdings, Inc. (I) 1,002 23,627
Synchronoss Technologies, Inc. (I) 879 15,743
Take-Two Interactive Software, Inc. (I) 2,157 24,849
TeleNav, Inc. (I) 246 1,478
TiVo, Inc. (I)(L) 3,538 30,215
Tyler Technologies, Inc. (I) 2,166 80,792
Ultimate Software Group, Inc. (I) 2,683 215,525
VASCO Data Security International, Inc. (I) 892 6,235
Verint Systems, Inc. (I) 568 16,313
VirnetX Holding Corp. (I)(L) 1,035 34,507
Websense, Inc. (I) 7,590 141,022
 
    6,235,759
 
    26,389,647
Materials - 4.5%    
Chemicals - 2.4%    
American Vanguard Corp. 674 18,164
Arabian American Development Company (I) 540 5,346
Balchem Corp. (L) 13,965 405,544
Calgon Carbon Corp. (I)(L) 864 11,552
Chemtura Corp. (I) 2,930 44,272
Flotek Industries, Inc. (I)(L) 1,429 15,219
FMC Corp. (L) 23,420 1,193,717
Georgia Gulf Corp. (I) 365 10,862
Hawkins, Inc. (L) 285 9,408
Innospec, Inc. (I) 636 16,809
Intrepid Potash, Inc. (I)(L) 1,716 33,685
Koppers Holdings, Inc. (L) 627 22,014
Kraton Performance Polymers, Inc. (I) 10,022 191,520
Kronos Worldwide, Inc. (L) 14,770 249,318

 

162

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Chemicals (continued)    
LSB Industries, Inc. (I) 577 $ 16,052
NewMarket Corp. (L) 549 114,637
Omnova Solutions, Inc. (I) 1,323 9,526
PolyOne Corp. 2,571 34,014
Rockwood Holdings, Inc. (I) 2,123 102,753
Solutia, Inc. 3,575 98,170
Stepan Company 93 8,405
Tredegar Industries, Inc. 226 3,062
Zep, Inc. 548 7,683
Zoltek Companies, Inc. (I) 857 7,156
 
    2,628,888
Construction Materials - 0.0%    
Eagle Materials, Inc. 650 20,865
Headwaters, Inc. (I) 928 4,278
Texas Industries, Inc. (L) 186 5,952
United States Lime & Minerals, Inc. (I) 62 2,770
 
    33,865
Containers & Packaging - 0.3%    
Graphic Packaging Holding Company (I) 4,148 20,533
Silgan Holdings, Inc. 6,177 258,199
 
    278,732
Metals & Mining - 1.2%    
Allegheny Technologies, Inc. 14,900 478,588
Allied Nevada Gold Corp. (I)(L) 2,591 67,211
Carpenter Technology Corp. 473 21,313
Century Aluminum Company (I) 567 4,014
Coeur d’Alene Mines Corp. (I) 13,608 229,975
General Moly, Inc. (I) 1,812 4,494
Globe Specialty Metals, Inc. 1,940 22,737
Gold Resource Corp. 966 25,599
Haynes International, Inc. 187 9,537
Materion Corp. 586 12,945
McEwen Mining, Inc. (I) 6,097 14,389
Midway Gold Corp. (I) 2,415 2,874
Noranda Aluminum Holding Corp. 1,024 7,875
Paramount Gold and Silver Corp. (I)(L) 3,538 7,677
Royal Gold, Inc. 1,789 121,008
Stillwater Mining Company (I) 26,510 225,070
Suncoke Energy, Inc. (I) 2,050 28,782
 
    1,284,088
Paper & Forest Products - 0.6%    
Buckeye Technologies, Inc. 10,751 297,910
Clearwater Paper Corp. (I) 695 21,781
Deltic Timber Corp. (L) 345 19,185
KapStone Paper and Packaging Corp. (I) 20,420 315,285
Louisiana-Pacific Corp. (I) 2,086 19,650
Schweitzer-Mauduit International, Inc. 473 31,644
Wausau Paper Corp. 1,370 12,618
 
    718,073
 
    4,943,646
Telecommunication Services - 3.3%    
Diversified Telecommunication Services - 1.8%    
AboveNet, Inc. (I) 679 56,574
Atlantic Tele-Network, Inc. 98 3,224
Cbeyond, Inc. (I) 23,882 141,381
Cincinnati Bell, Inc. (I)(L) 5,682 20,114
Cogent Communications Group, Inc. (I) 79,953 1,418,366
Elephant Talk Communications, Inc. (I) 1,555 3,499
General Communication, Inc., Class A (I) 939 5,953
inContact, Inc. (I) 38,893 203,410
Neutral Tandem, Inc. (I) 909 12,335

 

Smaller Company Growth Fund (continued)
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS (continued)      
Diversified Telecommunication Services (continued)    
TW Telecom, Inc. (I)   4,154 $ 96,331
Vonage Holdings Corp. (I)   4,296 7,862
 
      1,969,049
Wireless Telecommunication Services - 1.5%    
Boingo Wireless, Inc. (I)   334 3,200
Clearwire Corp. (I)(L)   11,006 13,317
Leap Wireless International, Inc. (I)   548 3,162
SBA Communications Corp., Class A (I)(L) 31,420 1,632,269
 
      1,651,948
 
      3,620,997
Utilities - 0.0%      
Electric Utilities - 0.0%      
Central Vermont Public Service Corp.   184 6,460
Independent Power Producers & Energy Traders - 0.0%    
GenOn Energy, Inc. (I)   8,218 14,135
 
      20,595
TOTAL COMMON STOCKS (Cost $101,350,002) $ 109,242,137
 
WARRANTS - 0.0%      
Magnum Hunter Resources (Expiration Date:    
10/14/2013; Strike Price: $10.50) (I)(L)   3,922 258
TOTAL WARRANTS (Cost $0)   $ 258
 
SECURITIES LENDING COLLATERAL - 24.5%    
John Hancock Collateral      
Investment Trust, 0.3309% (W)(Y)   2,709,776 27,117,273
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $27,119,399)   $ 27,117,273
 
SHORT-TERM INVESTMENTS - 1.3%      
Money Market Funds - 0.1%      
State Street Institutional Liquid Reserves      
Fund, 0.1963% (Y)   51,323 51,323
Repurchase Agreement - 1.2%      
Repurchase Agreement with State Street Corp.    
dated 05/31/2012 at 0.010% to be      
repurchased at $573,000 on 6/01/2012,      
collateralized by $550,000 U.S. Treasury      
Bills, 2.125% due 02/29/2016 (valued at      
$585,750, including interest) $ 573,000 $ 573,000
Repurchase Agreement with State Street Corp.    
dated 05/31/2012 at 0.010% to be      
repurchased at $797,000 on 6/01/2012,      
collateralized by $595,000 U.S. Treasury      
Bills, 4.500% due 5/15/2038 (valued at      
$813,802, including interest)   797,000 797,000
 
      1,370,000
TOTAL SHORT-TERM INVESTMENTS (Cost $1,421,323) $ 1,421,323
Total Investments (Smaller Company Growth Fund)    
(Cost $129,890,724) - 124.6%   $ 137,780,991
Other assets and liabilities, net - (24.6%)     (27,233,334)
 
TOTAL NET ASSETS - 100.0%   $ 110,547,657
 
  

 

163

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund      
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 23.6%      
U.S. Government - 5.4%      
Treasury Inflation Protected Securities      
0.125%, 01/15/2022 $ 405,304 431,891
0.500%, 04/15/2015   529,125 552,357
1.750%, 01/15/2028   229,887 292,352
1.875%, 07/15/2013   2,210,146 2,281,631
2.500%, 01/15/2029   101,476 143,002
3.000%, 07/15/2012   1,614,413 1,622,989
U.S. Treasury Bonds      
3.500%, 02/15/2039   1,115,000 1,317,791
3.875%, 08/15/2040   5,545,000 6,971,972
4.375%, 02/15/2038 to 05/15/2041   4,340,000 5,918,065
4.500%, 08/15/2039   755,000 1,045,793
4.625%, 02/15/2040   5,705,000 8,059,202
6.000%, 02/15/2026   775,000 1,151,480
6.125%, 08/15/2029 (F)   1,230,000 1,933,214
7.125%, 02/15/2023   90,000 138,938
7.250%, 08/15/2022   45,000 69,370
7.625%, 02/15/2025   150,000 248,578
U.S. Treasury Notes      
0.875%, 01/31/2017 to 02/28/2017   10,230,000 10,351,481
1.000%, 07/15/2013 to 08/31/2016   2,160,000 2,188,991
1.250%, 03/15/2014   1,165,000 1,185,388
2.250%, 05/31/2014   3,915,000 4,067,928
2.625%, 04/30/2016 to 08/15/2020   7,240,000 7,832,958
2.750%, 02/15/2019   300,000 335,531
U.S. Treasury Strips, PO      
1.511%, 05/15/2021   540,000 470,975
 
      58,611,877
U.S. Government Agency - 18.2%      
Federal Home Loan Bank      
1.625%, 11/21/2012   865,000 870,991
Federal Home Loan Mortgage Corp.      
0.500%, 04/17/2015   415,000 414,758
0.875%, 10/28/2013   1,030,000 1,038,354
2.475%, 07/01/2035 (P)   24,811 26,273
2.480%, 07/01/2035 (P)   47,848 51,273
2.535%, 09/01/2032 (P)   3,042 3,258
2.705%, 01/01/2037 (P)   11,586 12,415
2.741%, 02/01/2037 (P)   69,219 74,049
2.746%, 04/01/2037 (P)   170,409 181,591
2.788%, 02/01/2037 (P)   26,278 28,159
3.081%, 02/01/2037 (P)   41,822 44,796
3.398%, 05/01/2037 (P)   49,846 52,116
3.500%, 02/01/2042   1,008,362 1,057,410
4.000%, 01/01/2025 to 10/01/2041   2,462,860 2,611,414
4.500%, 01/01/2019 to 05/01/2040   3,712,801 3,979,584
4.572%, 06/01/2038 (P)   72,024 76,898
4.683%, 07/01/2038 (P)   115,443 121,809
4.996%, 11/01/2035 (P)   8,813 9,405
5.000%, 10/01/2018 to 04/01/2040   1,464,251 1,580,667
5.054%, 03/01/2036 (P)   27,266 29,017
5.095%, 09/01/2035 (P)   49,234 51,870
5.354%, 02/01/2038 (P)   158,492 169,834
5.371%, 01/01/2036 (P)   4,606 4,919
5.500%, 03/01/2018 to 12/01/2039   3,357,423 3,642,294
5.927%, 12/01/2036 (P)   134,797 145,080
5.967%, 10/01/2036 (P)   193,191 209,576
6.000%, 03/01/2014 to 12/01/2033   175,788 190,125
6.036%, 11/01/2036 (P)   93,712 100,936
6.084%, 10/01/2036 (P)   198,412 216,052
6.243%, 08/01/2036 (P)   106,583 115,002
6.500%, 05/01/2017 to 11/01/2033   80,807 90,434
7.000%, 02/01/2024 to 06/01/2032   14,049 15,829

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal Home Loan Mortgage Corp. (continued)    
7.500%, 05/01/2024 to 06/01/2024 $ 2,295 $ 2,632
10.500%, 05/01/2019   115 132
Federal National Mortgage Association      
0.500%, 07/02/2015   250,000 249,398
0.750%, 12/19/2014   1,900,000 1,912,586
1.000%, 09/23/2013   325,000 327,968
1.625%, 10/26/2015   225,000 232,381
2.110%, 10/01/2033 (P)   57,970 60,411
2.343%, 07/01/2035 (P)   41,280 44,011
2.427%, 11/01/2035 (P)   89,877 95,931
2.489%, 08/01/2036 (P)   126,667 135,599
2.567%, 07/01/2027 (P)   779 800
2.766%, 01/01/2037 (P)   71,632 76,758
2.899%, 12/01/2036 (P)   105,400 112,943
3.000%, 02/01/2027   1,265,181 1,325,827
3.500%, 01/01/2026 to 05/01/2042   7,202,318 7,585,747
4.000%, 03/01/2025 to 02/01/2042   13,374,647 14,251,876
4.500%, 05/01/2019 to 12/01/2041   16,481,816 17,678,441
4.670%, 09/01/2035 (P)   200,504 211,243
4.792%, 05/01/2038 (P)   46,178 49,483
5.000%, 03/01/2018 to 10/01/2040   12,397,407 13,454,965
5.249%, 12/01/2035 (P)   9,749 10,425
5.283%, 12/01/2035 (P)   12,352 13,183
5.298%, 12/01/2035 (P)   21,241 22,505
5.308%, 08/01/2037 (P)   63,361 67,092
5.432%, 06/01/2037 (P)   60,023 64,133
5.446%, 12/01/2035 (P)   16,190 17,168
5.489%, 09/01/2037 (P)   33,052 34,895
5.500%, 07/01/2013 to 05/01/2040   12,703,922 13,889,464
5.548%, 01/01/2019 (P)   494 534
6.000%, 03/01/2021 to 10/01/2039   12,925,245 14,279,454
6.001%, 09/01/2036 (P)   76,614 83,425
6.500%, 06/01/2013 to 10/01/2038   1,639,610 1,850,485
7.000%, 12/01/2029 to 04/01/2037   11,844 13,423
7.125%, 01/15/2030   365,000 578,547
Government National      
Mortgage Association      
3.500%, 01/15/2041 to 03/20/2042   12,822,042 13,706,474
4.000%, 10/20/2040 to 10/15/2041   8,769,143 9,590,799
4.500%, 05/20/2039 to 01/20/2042   29,875,152 32,930,693
5.000%, 02/15/2018 to 09/15/2040   17,160,201 18,991,765
5.500%, 02/15/2029 to 10/20/2040   7,965,525 8,856,896
6.000%, 05/15/2013 to 12/15/2038   4,793,742 5,367,763
6.500%, 12/15/2014 to 12/20/2033   2,536,802 2,912,175
7.000%, 04/15/2017 to 10/20/2036   1,042,813 1,202,191
9.250%, 10/15/2016 to 12/15/2019   2,312 2,588
9.750%, 07/15/2017 to 02/15/2021   2,202 2,463
10.250%, 11/15/2020   1,882 2,129
11.750%, 08/15/2013   373 388
12.250%, 03/15/2014 to 06/20/2015   238 257
12.750%, 12/20/2013 to 11/20/2014   355 384
 
      199,517,018
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $248,317,021)   $ 258,128,895
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 12.9%      
Argentina - 0.1%      
City of Buenos Aires      
12.500%, 04/06/2015 (S)   250,000 215,000
Republic of Argentina      
2.500%, 12/31/2038   1,400,000 395,500

 

164

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Argentina (continued)      
Republic of Argentina (continued)      
8.280%, 12/31/2033 $ 906,991 $ 535,125
      1,145,625
Australia - 0.0%      
New South Wales Treasury Corp.      
6.000%, 03/01/2022 AUD 180,000 202,954
Austria - 0.1%      
Republic of Austria      
3.500%, 09/15/2021 (S) EUR 90,000 124,840
6.250%, 07/15/2027   300,000 541,365
 
      666,205
Belgium - 0.0%      
Kingdom of Belgium      
4.250%, 09/28/2021   219,000 299,487
5.000%, 09/28/2012   73,000 91,563
 
      391,050
Bermuda - 0.0%      
Government of Bermuda      
5.603%, 07/20/2020 (S) $ 200,000 229,000
Brazil - 1.1%      
Federative Republic of Brazil      
5.625%, 01/07/2041   2,010,000 2,346,675
6.000%, 05/15/2015 to 08/15/2020 BRL 3,794,000 4,398,579
7.125%, 01/20/2037 $ 1,110,000 1,531,800
10.000%, 01/01/2013 to 01/01/2023 BRL 7,629,000 3,956,385
 
      12,233,439
Canada - 0.5%      
Canada Housing Trust      
4.000%, 06/15/2012 CAD 190,000 184,110
Government of Canada      
3.500%, 06/01/2013   987,000 978,830
4.000%, 06/01/2017   324,000 354,290
4.500%, 06/01/2015   1,080,000 1,148,187
5.000%, 06/01/2037   350,000 509,444
Province of British Columbia      
3.700%, 12/18/2020   835,000 883,288
Province Of Manitoba Canada      
1.300%, 04/03/2017 $ 380,000 386,165
Province of Ontario      
1.600%, 09/21/2016   475,000 483,708
Province of Quebec      
5.000%, 12/01/2038 CAD 334,000 403,523
 
      5,331,545
Chile - 0.0%      
Republic of Chile      
3.875%, 08/05/2020 $ 130,000 143,325
Colombia - 0.1%      
Republic of Colombia      
6.125%, 01/18/2041   400,000 495,000
Congo - 0.0%      
Republic of Congo (Brazzaville)      
3.000%, 06/30/2029   109,250 80,954
Czech Republic - 0.1%      
Czech Republic International      
3.625%, 04/14/2021 EUR 465,000 598,202
Denmark - 0.1%      
Kingdom of Denmark      
5.000%, 11/15/2013 DKK 3,277,000 585,169

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Denmark (continued)      
Kingdom of Denmark (continued)      
7.000%, 11/10/2024 DKK 364,000 $ 100,320
 
      685,489
Dominican Republic - 0.0%      
Government of Dominican Republic      
7.500%, 05/06/2021 (S) $ 100,000 105,400
7.500%, 05/06/2021   200,000 210,800
9.040%, 01/23/2018   38,254 42,539
 
      358,739
Egypt - 0.0%      
Arab Republic of Egypt      
5.750%, 04/29/2020   200,000 187,500
Fiji - 0.0%      
Republic of Fiji      
9.000%, 03/15/2016   200,000 200,227
Finland - 0.0%      
Government of Finland      
3.375%, 04/15/2020 EUR 204,000 289,778
France - 0.2%      
Government of France      
3.750%, 04/25/2021   327,000 454,958
4.000%, 10/25/2038   44,000 63,329
5.500%, 04/25/2029   386,000 633,124
5.750%, 10/25/2032   80,000 139,210
Societe Financement de l’Economie      
Francaise      
3.250%, 01/16/2014   278,000 357,560
 
      1,648,181
Gabon - 0.0%      
Republic of Gabon      
8.200%, 12/12/2017 $ 285,000 332,025
Georgia - 0.0%      
Republic of Georgia      
6.875%, 04/12/2021   200,000 212,000
Germany - 1.4%      
Federal Republic of Germany      
2.500%, 01/04/2021 EUR 429,000 596,975
3.500%, 01/04/2016   1,414,000 1,959,410
3.750%, 01/04/2015   1,842,000 2,495,633
4.000%, 01/04/2037   1,792,000 3,170,461
4.500%, 01/04/2013   5,392,000 6,840,012
 
      15,062,491
Grenada - 0.0%      
Government of Grenada      
4.500%, 09/15/2025 (P) $ 430,000 223,600
Hungary - 0.1%      
Republic of Hungary      
4.750%, 02/03/2015   1,195,000 1,119,416
6.500%, 06/24/2019 HUF 41,460,000 150,290
6.750%, 02/24/2017   22,240,000 84,292
 
      1,353,998
Iceland - 0.1%      
Republic of Iceland      
4.875%, 06/16/2016 (S) $ 375,000 379,262
5.875%, 05/11/2022 (S)   513,000 502,015
 
      881,277

 

165

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Indonesia - 0.4%      
Republic of Indonesia      
3.750%, 04/25/2022 (S) $ 600,000 $ 579,000
4.875%, 05/05/2021   1,400,000 1,471,750
5.875%, 03/13/2020   179,000 200,033
6.625%, 02/17/2037   320,000 370,400
6.875%, 01/17/2018   300,000 347,625
7.000%, 05/15/2022 IDR 536,000,000 58,850
7.750%, 01/17/2038 $ 450,000 589,875
8.250%, 07/15/2021 IDR 3,614,000,000 428,638
8.500%, 10/12/2035 $ 200,000 278,000
11.625%, 03/04/2019 (S)   300,000 430,500
 
      4,754,671
Iraq - 0.1%      
Republic of Iraq      
5.800%, 01/15/2028   1,507,000 1,182,995
Israel - 0.0%      
Government of Israel      
5.500%, 02/28/2017 ILS 765,000 218,227
Italy - 0.2%      
Republic of Italy      
3.750%, 03/01/2021 EUR 530,000 570,738
4.250%, 03/01/2020   247,000 277,810
5.000%, 09/01/2040   1,125,000 1,178,703
 
      2,027,251
Ivory Coast - 0.0%      
Republic of Ivory Coast      
2.450%, 12/31/2032 (H) $ 485,000 331,013
Jamaica - 0.1%      
Government of Jamaica      
8.000%, 06/24/2019   450,000 453,375
10.625%, 06/20/2017   350,000 399,000
 
      852,375
Japan - 2.4%      
Government of Japan      
1.000%, 12/20/2021 JPY 62,600,000 813,356
1.100%, 06/20/2021   214,650,000 2,822,538
1.300%, 06/20/2020   51,600,000 694,893
1.400%, 03/20/2018   234,350,000 3,174,841
1.500%, 03/20/2019   71,050,000 970,794
1.700%, 09/20/2016 to 03/20/2017   327,000,000 4,460,817
1.900%, 03/20/2025   81,700,000 1,135,570
2.000%, 12/20/2033   23,850,000 321,911
2.200%, 06/22/2020   266,050,000 3,822,503
2.300%, 06/20/2028 to 03/20/2040   558,250,000 7,997,718
 
      26,214,941
Lithuania - 0.1%      
Republic of Lithuania      
5.125%, 09/14/2017 (S) $ 200,000 206,500
6.750%, 01/15/2015   120,000 128,400
7.375%, 02/11/2020   615,000 698,486
 
      1,033,386
Malaysia - 0.2%      
Government of Malaysia      
3.700%, 05/15/2013 MYR 866,000 274,747
3.702%, 02/25/2013   805,000 255,036
4.160%, 07/15/2021   1,487,000 491,420
4.378%, 11/29/2019   2,203,000 734,969
4.498%, 04/15/2030   350,000 117,620

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Malaysia (continued)      
Government of Malaysia (continued)      
4.646%, 07/06/2021 $ 250,000 $ 276,980
 
      2,150,772
Mexico - 0.9%      
Government of Mexico      
2.500%, 12/10/2020 MXN 18,095,321 1,312,121
3.625%, 03/15/2022 $ 100,000 103,000
5.125%, 01/15/2020   300,000 342,600
5.625%, 01/15/2017   90,000 103,050
5.750%, 10/12/2110   100,000 106,500
5.950%, 03/19/2019   1,574,000 1,880,930
6.050%, 01/11/2040   50,000 60,875
6.500%, 06/10/2021 MXN 14,490,000 1,043,762
7.500%, 06/03/2027   13,480,000 1,006,994
8.000%, 12/07/2023   1,000,000 79,705
8.500%, 12/13/2018 to 11/18/2038   29,684,000 2,339,626
10.000%, 11/20/2036   14,400,000 1,289,453
 
      9,668,616
Namibia - 0.0%      
Namibia International Bonds      
5.500%, 11/03/2021 $ 300,000 307,500
Netherlands - 0.2%      
Kingdom of Netherlands      
3.500%, 07/15/2020 EUR 832,000 1,195,295
5.500%, 01/15/2028   277,000 505,169
MDC-GMTN B.V.      
5.750%, 05/06/2014 (S) $ 250,000 269,707
 
      1,970,171
Nigeria - 0.0%      
Federal Republic of Nigeria      
6.750%, 01/28/2021   200,000 214,000
6.750%, 01/28/2021 (S)   200,000 214,000
 
      428,000
Peru - 0.1%      
Republic of Peru      
5.625%, 11/18/2050   710,000 816,500
6.550%, 03/14/2037   245,000 318,500
7.125%, 03/30/2019   225,000 285,750
7.840%, 08/12/2020 (S) PEN 304,000 130,942
 
      1,551,692
Philippines - 0.2%      
Republic of Philippines      
5.000%, 01/13/2037 $ 600,000 630,000
6.375%, 10/23/2034   1,650,000 2,029,500
 
      2,659,500
Poland - 0.3%      
Republic of Poland      
3.875%, 07/16/2015   435,000 450,834
5.000%, 10/24/2013 PLN 1,441,000 407,337
5.000%, 03/23/2022 $ 200,000 209,200
5.500%, 04/25/2015 to 10/25/2019 PLN 3,544,000 1,015,171
5.750%, 10/25/2021 to 09/23/2022   2,344,000 675,352
 
      2,757,894
Qatar - 0.0%      
Government of Qatar      
5.750%, 01/20/2042 (S) $ 200,000 223,000

 

166

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Russia - 0.9%      
Government of Russia      
4.500%, 04/04/2022 $ 200,000 $ 203,800
5.000%, 04/29/2020   200,000 212,000
5.625%, 04/04/2042 (S)   200,000 206,810
5.625%, 04/04/2042   200,000 206,810
7.500%, 03/31/2030   7,461,545 8,776,642
7.850%, 03/10/2018 RUB 10,000,000 307,116
7.850%, 03/10/2018 (S)   5,000,000 153,558
 
      10,066,736
Serbia - 0.1%      
Republic of Serbia      
6.750%, 11/01/2024 $ 650,000 620,750
7.250%, 09/28/2021 (S)   200,000 200,000
 
      820,750
South Africa - 0.3%      
Republic of South Africa      
5.500%, 03/09/2020   245,000 272,563
6.250%, 03/08/2041   100,000 117,625
6.500%, 06/02/2014   135,000 148,838
6.750%, 03/31/2021 ZAR 8,366,000 923,895
8.000%, 12/21/2018   8,607,000 1,050,163
13.500%, 09/15/2015   2,467,000 350,606
 
      2,863,690
South Korea - 0.2%      
Republic of Korea      
4.250%, 06/10/2021 KRW 184,830,000 163,282
4.500%, 03/10/2015   1,116,900,000 974,779
5.000%, 06/10/2020   627,330,000 581,088
 
      1,719,149
Spain - 0.1%      
Kingdom of Spain      
4.100%, 07/30/2018 EUR 673,000 741,233
5.750%, 07/30/2032   316,000 347,081
5.850%, 01/31/2022   218,000 256,411
 
      1,344,725
Sweden - 0.2%      
Kingdom of Sweden      
3.750%, 08/12/2017 SEK 3,590,000 562,381
Svensk Exportkredit AB      
3.625%, 05/27/2014 EUR 404,000 523,343
5.125%, 03/01/2017 $ 425,000 489,111
 
      1,574,835
Turkey - 0.9%      
Export Credit Bank of Turkey      
5.875%, 04/24/2019 (S)   275,000 273,763
Republic of Turkey      
5.125%, 03/25/2022   500,000 497,500
5.625%, 03/30/2021   1,000,000 1,045,000
6.000%, 01/14/2041   315,000 307,157
6.250%, 09/26/2022   400,000 428,000
6.750%, 05/30/2040   550,000 598,125
6.875%, 03/17/2036   360,000 396,000
7.000%, 03/11/2019 to 06/05/2020   2,518,000 2,853,425
7.250%, 03/15/2015   75,000 81,938
7.375%, 02/05/2025   200,000 233,700
7.500%, 11/07/2019   500,000 583,125
8.000%, 02/14/2034   437,000 544,065
10.000%, 06/17/2015 TRY 1,285,000 705,983

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Turkey (continued)      
Republic of Turkey (continued)      
10.500%, 01/15/2020 TRY 1,382,000 $ 799,111
 
      9,346,892
Ukraine - 0.1%      
Republic of Ukraine      
6.250%, 06/17/2016 (S) $ 400,000 348,000
6.580%, 11/21/2016   225,000 195,750
6.875%, 09/23/2015   100,000 90,500
7.750%, 09/23/2020   210,000 181,585
7.750%, 09/23/2020 (S)   300,000 259,407
 
      1,075,242
United Kingdom - 0.5%      
Government of United Kingdom      
3.750%, 09/07/2021 GBP 590,000 1,086,714
4.250%, 06/07/2032 to 09/07/2039   2,341,000 4,512,137
4.500%, 03/07/2013   94,000 149,539
 
      5,748,390
Venezuela - 0.5%      
Republic of Venezuela      
6.000%, 12/09/2020 $ 145,000 95,338
7.000%, 03/31/2038   530,000 333,900
7.650%, 04/21/2025   1,600,000 1,048,000
9.250%, 05/07/2028   635,100 465,211
11.950%, 08/05/2031   2,590,300 2,214,707
12.750%, 08/23/2022   800,000 750,000
 
      4,907,156
Vietnam - 0.0%      
Socialist Republic of Vietnam      
6.750%, 01/29/2020   420,000 439,950
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $139,928,724)   $ 141,192,123
 
CORPORATE BONDS - 39.9%      
Consumer Discretionary - 5.6%      
99 Cents Only Stores      
11.000%, 12/15/2019 (S)   300,000 319,500
Academy, Ltd.      
9.250%, 08/01/2019 (S)   700,000 738,500
ACE Hardware Corp.      
9.125%, 06/01/2016 (S)   475,000 496,674
Advance Auto Parts, Inc.      
5.750%, 05/01/2020   285,000 324,719
Allison Transmission, Inc.      
7.125%, 05/15/2019 (S)   350,000 365,750
AMC Entertainment, Inc.      
8.750%, 06/01/2019   325,000 347,750
American Honda Finance Corp.      
1.450%, 02/27/2015 (S)   400,000 402,373
6.250%, 07/16/2013 EUR 50,000 65,380
Ameristar Casinos, Inc.      
7.500%, 04/15/2021 (S) $ 75,000 77,813
7.500%, 04/15/2021   400,000 415,000
Arcos Dorados Holdings, Inc.      
10.250%, 07/13/2016 (S) BRL 400,000 209,733
Banque PSA Finance      
4.375%, 04/04/2016 (S) $ 475,000 471,598
BMW UK Capital PLC      
5.000%, 10/02/2017 GBP 10,000 17,344
Boyd Gaming Corp.      
9.000%, 07/01/2020 (S) $ 350,000 350,000
9.125%, 12/01/2018   200,000 205,000

 

167

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Bresnan Broadband Holdings LLC      
8.000%, 12/15/2018 (S) $ 300,000 $ 305,250
British Sky Broadcasting Group PLC      
6.100%, 02/15/2018 (S)   60,000 69,032
9.500%, 11/15/2018 (S)   180,000 244,781
BSKYB Finance UK PLC      
5.750%, 10/20/2017 GBP 65,000 114,397
Cablevision Systems Corp.      
8.000%, 04/15/2020 $ 225,000 234,563
8.625%, 09/15/2017   50,000 54,625
Caesars Entertainment Operating      
Company, Inc.      
11.250%, 06/01/2017   425,000 451,563
CCM Merger, Inc.      
9.125%, 05/01/2019 (S)   300,000 300,000
CCO Holdings LLC      
6.625%, 01/31/2022   1,075,000 1,100,531
7.000%, 01/15/2019   300,000 315,750
7.250%, 10/30/2017   500,000 536,250
7.375%, 06/01/2020   175,000 187,250
7.875%, 04/30/2018   500,000 536,250
Cedar Fair LP      
9.125%, 08/01/2018   300,000 332,250
Cequel Communications Holdings I LLC      
8.625%, 11/15/2017 (S)   750,000 790,313
Chrysler Group LLC      
8.000%, 06/15/2019   400,000 401,000
8.250%, 06/15/2021   850,000 852,125
Cinemark USA, Inc.      
7.375%, 06/15/2021   100,000 107,000
8.625%, 06/15/2019   50,000 54,375
Cirsa Funding Luxembourg SA      
8.750%, 05/15/2018 EUR 90,000 89,584
8.750%, 05/15/2018 (S)   250,000 248,846
CKE Restaurants, Inc.      
11.375%, 07/15/2018 $ 362,000 410,870
Claire’s Stores, Inc.      
8.875%, 03/15/2019   150,000 126,750
Claire’s Stores, Inc., PIK      
9.625%, 06/01/2015   155,187 129,969
Clear Channel Communications, Inc.      
7.250%, 10/15/2027   125,000 54,375
Clear Channel Communications, Inc., PIK      
11.000%, 08/01/2016   200,000 128,000
Codere Finance Luxembourg SA      
8.250%, 06/15/2015 EUR 80,000 85,566
9.250%, 02/15/2019 (S) $ 550,000 440,000
Comcast Corp.      
6.400%, 03/01/2040   30,000 38,039
6.950%, 08/15/2037   495,000 638,567
Corp. GEO SAB de CV      
8.875%, 03/27/2022 (S)   200,000 192,500
COX Communications, Inc.      
5.450%, 12/15/2014   215,000 236,743
8.375%, 03/01/2039 (S)   345,000 501,099
Cyfrowy Polsat Finance AB      
7.125%, 05/20/2018 EUR 100,000 124,145
7.125%, 05/20/2018 (S)   100,000 124,145
Daimler Finance North America LLC      
1.083%, 03/28/2014 (P) (S) $ 380,000 378,330
1.875%, 09/15/2014 (S)   150,000 150,898
Daimler International Finance BV      
3.500%, 06/06/2019 GBP 10,000 15,851
DineEquity, Inc.      
9.500%, 10/30/2018 $ 550,000 597,438

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
DIRECTV Holdings LLC      
2.400%, 03/15/2017 $ 585,000 $ 586,777
3.550%, 03/15/2015   75,000 79,045
4.750%, 10/01/2014   375,000 403,992
5.875%, 10/01/2019   430,000 496,339
DISH DBS Corp.      
6.750%, 06/01/2021   300,000 309,750
7.875%, 09/01/2019   325,000 361,563
Downstream Development Authority of      
the Quapaw Tribe of Oklahoma      
10.500%, 07/01/2019 (S)   200,000 206,000
Easton-Bell Sports, Inc.      
9.750%, 12/01/2016   100,000 109,250
EchoStar DBS Corp.      
7.125%, 02/01/2016   275,000 294,250
Fiesta Restaurant Group      
8.875%, 08/15/2016 (S)   300,000 319,500
Ford Motor Credit Company LLC      
2.750%, 05/15/2015   270,000 274,535
3.875%, 01/15/2015   430,000 447,949
5.000%, 05/15/2018   2,125,000 2,322,504
5.750%, 02/01/2021   1,425,000 1,623,215
12.000%, 05/15/2015   550,000 694,375
Gaylord Entertainment Company      
6.750%, 11/15/2014   325,000 325,000
General Motors Financial Company, Inc.      
6.750%, 06/01/2018   225,000 241,649
Hanesbrands, Inc.      
6.375%, 12/15/2020   275,000 280,844
8.000%, 12/15/2016   150,000 164,438
Harrah’s Operating Company, Inc.      
5.625%, 06/01/2015   300,000 247,500
Historic TW, Inc.      
6.875%, 06/15/2018   220,000 270,887
Hyatt Hotels Corp.      
3.875%, 08/15/2016   300,000 316,233
5.750%, 08/15/2015 (S)   440,000 484,364
Hyundai Capital Services, Inc.      
3.500%, 09/13/2017 (S)   200,000 202,766
4.375%, 07/27/2016 (S)   255,000 269,356
Intercontinental Hotels Group PLC      
6.000%, 12/09/2016 GBP 50,000 85,086
Interpublic Group of Companies, Inc.      
4.000%, 03/15/2022 $ 490,000 489,968
ITT Corp.      
7.375%, 11/15/2015   125,000 143,482
Jaguar Holding Company II      
9.500%, 12/01/2019 (S)   375,000 399,375
JC Penney Corp., Inc.      
7.125%, 11/15/2023   50,000 47,500
Johnson Controls, Inc.      
0.876%, 02/04/2014 (P)   335,000 336,032
Kingfisher PLC      
5.625%, 12/15/2014 GBP 20,000 32,916
Kohl’s Corp.      
4.000%, 11/01/2021 $ 165,000 170,892
Lamar Media Corp.      
5.875%, 02/01/2022 (S)   225,000 226,406
Levi Strauss & Company      
6.875%, 05/01/2022 (S)   275,000 272,938
7.750%, 05/15/2018 EUR 225,000 278,213
Lottomatica SpA      
5.375%, 12/05/2016   100,000 125,259
LS Finance 2017 Ltd.      
5.250%, 01/26/2017 $ 600,000 615,830

 

168

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Marks & Spencer PLC      
5.625%, 03/24/2014 GBP 30,000 $ 48,732
Marriott International, Inc.      
3.000%, 03/01/2019 $ 280,000 285,302
MCE Finance, Ltd.      
10.250%, 05/15/2018   315,000 356,738
MDC Holdings, Inc.      
5.375%, 12/15/2014   60,000 63,495
5.625%, 02/01/2020   70,000 70,188
Meritage Homes Corp.      
7.000%, 04/01/2022 (S)   175,000 177,625
MGM Resorts International      
9.000%, 03/15/2020   225,000 246,375
10.375%, 05/15/2014   150,000 168,750
MU Finance PLC      
8.375%, 02/01/2017 (S)   300,000 315,000
8.750%, 02/01/2017 (S) GBP 50,000 81,298
National CineMedia LLC      
6.000%, 04/15/2022 (S) $ 250,000 249,375
NBCUniversal Media LLC      
2.100%, 04/01/2014   270,000 275,269
5.150%, 04/30/2020   845,000 980,336
NCL Corp., Ltd.      
9.500%, 11/15/2018   175,000 190,750
11.750%, 11/15/2016   450,000 517,500
Needle Merger Sub Corp.      
8.125%, 03/15/2019 (S)   125,000 122,188
NET Servicos de Comunicacao SA      
7.500%, 01/27/2020   300,000 340,500
NetFlix, Inc.      
8.500%, 11/15/2017   225,000 241,875
News America Holdings, Inc.      
8.250%, 08/10/2018   210,000 264,167
News America, Inc.      
4.500%, 02/15/2021   600,000 649,763
6.150%, 03/01/2037   80,000 90,418
7.850%, 03/01/2039   85,000 107,596
Nexstar Broadcasting, Inc.      
7.000%, 01/15/2014   11,000 10,725
Nexstar Broadcasting, Inc., PIK      
7.000%, 01/15/2014   319,999 311,999
Nielsen Finance LLC      
7.750%, 10/15/2018   125,000 134,375
11.500%, 05/01/2016   65,000 73,450
O’Reilly Automotive, Inc.      
4.875%, 01/14/2021   435,000 479,680
Odeon & UCI Finco PLC      
9.000%, 08/01/2018 (S) GBP 100,000 147,185
Omnicom Group, Inc.      
3.625%, 05/01/2022 $ 65,000 66,164
4.450%, 08/15/2020   85,000 92,474
6.250%, 07/15/2019   635,000 763,997
Palace Entertainment Holdings LLC      
8.875%, 04/15/2017 (S)   400,000 408,500
Pinnacle Entertainment, Inc.      
7.750%, 04/01/2022   200,000 211,000
Pittsburgh Glass Works LLC      
8.500%, 04/15/2016 (S)   150,000 141,000
Polish Television Holding BV      
11.250%, 05/15/2017 (S) EUR 275,000 329,837
PPR      
8.625%, 04/03/2014   100,000 139,490
QVC, Inc.      
7.125%, 04/15/2017 (S) $ 350,000 371,000
7.500%, 10/01/2019 (S)   325,000 353,438

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
RadioShack Corp.      
6.750%, 05/15/2019 $ 225,000 $ 166,219
Regal Cinemas Corp.      
8.625%, 07/15/2019   300,000 326,250
Regal Entertainment Group      
9.125%, 08/15/2018   500,000 543,750
Reynolds Group Issuer, Inc.      
8.000%, 12/15/2016 (S) EUR 525,000 571,263
Sealy Mattress Company      
8.250%, 06/15/2014 $ 125,000 120,938
10.875%, 04/15/2016 (S)   172,000 186,622
Seminole Indian Tribe of Florida      
7.750%, 10/01/2017 (S)   475,000 510,625
Seneca Gaming Corp.      
8.250%, 12/01/2018 (S)   575,000 582,906
Shea Homes LP      
8.625%, 05/15/2019   550,000 573,375
Sinclair Television Group, Inc.      
9.250%, 11/01/2017 (S)   525,000 577,500
Sirius XM Radio, Inc.      
8.750%, 04/01/2015 (S)   1,050,000 1,183,875
9.750%, 09/01/2015 (S)   125,000 132,500
Speedway Motorsports, Inc.      
8.750%, 06/01/2016   275,000 295,625
Standard Pacific Corp.      
8.375%, 05/15/2018   100,000 107,375
10.750%, 09/15/2016   250,000 291,875
Staples, Inc.      
9.750%, 01/15/2014   240,000 270,296
Starwood Hotels &      
Resorts Worldwide, Inc.      
6.250%, 02/15/2013   190,000 196,252
7.150%, 12/01/2019   345,000 417,211
Station Casinos LLC      
3.650%, 06/18/2018 (S)   675,000 506,250
TAM Capital 2, Inc.      
9.500%, 01/29/2020   100,000 105,000
TCM Sub LLC      
3.550%, 01/15/2015 (S)   730,000 771,099
The Goodyear Tire & Rubber Company      
7.000%, 05/15/2022   375,000 367,500
8.250%, 08/15/2020   400,000 416,500
8.750%, 08/15/2020   125,000 133,438
The Interpublic Group of Companies, Inc.      
6.250%, 11/15/2014   440,000 474,100
10.000%, 07/15/2017   255,000 287,513
The ServiceMaster Company      
8.000%, 02/15/2020   200,000 209,750
Thomson Reuters Corp.      
5.200%, 12/01/2014 CAD 40,000 41,812
5.950%, 07/15/2013 $ 145,000 152,633
Ticketmaster Entertainment, Inc.      
10.750%, 08/01/2016   250,000 265,000
Time Warner Cable, Inc.      
5.400%, 07/02/2012   225,000 225,740
5.500%, 09/01/2041   590,000 635,313
7.500%, 04/01/2014   50,000 55,692
8.250%, 02/14/2014   75,000 83,805
Time Warner, Inc.      
6.500%, 11/15/2036   125,000 148,758
7.700%, 05/01/2032   10,000 13,276
Toyota Motor Credit Corp.      
2.000%, 09/15/2016   375,000 382,080
4.000%, 12/07/2017 GBP 10,000 16,895

 

169

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Unitymedia GmbH      
9.500%, 03/15/2021 (S) EUR 425,000 $ 549,161
9.625%, 12/01/2019 (S)   307,000 400,484
9.625%, 12/01/2019   50,000 65,225
Unitymedia Hessen GmbH &      
Company KG      
7.500%, 03/15/2019 (S)   100,000 125,814
8.125%, 12/01/2017 (S) $ 325,000 342,875
Univision Communications, Inc.      
6.875%, 05/15/2019 (S)   275,000 268,125
7.875%, 11/01/2020 (S)   1,375,000 1,405,938
8.500%, 05/15/2021 (S)   1,325,000 1,278,625
Urbi Desarrollos Urbanos SAB de CV      
8.500%, 04/19/2016   125,000 125,380
9.500%, 01/21/2020 (S)   100,000 99,000
Videotron Ltee      
6.375%, 12/15/2015   50,000 50,875
6.875%, 07/15/2021 (S) CAD 475,000 492,085
9.125%, 04/15/2018 $ 100,000 109,250
Virgin Media Finance PLC      
5.250%, 02/15/2022   225,000 219,375
Volkswagen International Finance NV      
1.625%, 03/22/2015 (S)   395,000 396,582
Volkswagen Leasing Gmbh      
3.250%, 05/10/2018 EUR 100,000 132,508
Whirlpool Corp.      
4.700%, 06/01/2022 $ 250,000 251,240
WPP Finance 2010      
4.750%, 11/21/2021 (S)   290,000 305,352
WPP Finance UK      
8.000%, 09/15/2014   65,000 73,801
Wyndham Worldwide Corp.      
7.375%, 03/01/2020   115,000 139,920
XM Satellite Radio, Inc.      
7.625%, 11/01/2018 (S)   150,000 160,500
13.000%, 08/01/2013 (S)   1,000,000 1,122,500
Ziggo Bond Company BV      
8.000%, 05/15/2018 EUR 50,000 66,153
8.000%, 05/15/2018 (S)   50,000 66,153
 
      61,533,218
Consumer Staples - 1.9%      
Altria Group, Inc.      
4.125%, 09/11/2015 $ 80,000 87,075
4.750%, 05/05/2021   600,000 669,661
8.500%, 11/10/2013   280,000 309,385
9.250%, 08/06/2019   175,000 240,577
Anheuser-Busch InBev NV      
6.500%, 06/23/2017 GBP 30,000 55,390
Anheuser-Busch InBev Worldwide, Inc.      
1.500%, 07/14/2014 $ 145,000 146,764
ARAMARK Holdings Corp., PIK      
8.625%, 05/01/2016 (S)   375,000 383,441
Avangardco Investments Public, Ltd.      
10.000%, 10/29/2015   300,000 233,550
Bacardi, Ltd.      
7.750%, 04/09/2014 EUR 100,000 137,487
BAT International Finance PLC      
6.375%, 12/12/2019 GBP 30,000 56,946
8.125%, 11/15/2013 (S) $ 405,000 444,488
BFF International, Ltd.      
7.250%, 01/28/2020 (S)   100,000 112,500
7.250%, 01/28/2020   100,000 112,500

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Staples (continued)      
British American Tobacco Holdings The      
Netherlands BV      
4.875%, 02/24/2021 EUR 80,000 $ 117,017
Bumble Bee Acquisition Corp.      
9.000%, 12/15/2017 (S) $ 214,000 212,395
Bunge NA Finance LP      
5.900%, 04/01/2017   295,000 332,677
Bunge, Ltd. Finance Corp.      
4.100%, 03/15/2016   195,000 206,232
Carrefour SA      
5.375%, 06/12/2015 EUR 50,000 67,281
Casino Guichard Perrachon SA      
4.875%, 04/10/2014   50,000 65,079
6.375%, 04/04/2013   50,000 64,230
CEDC Finance Corp. International, Inc.      
8.875%, 12/01/2016   80,000 68,057
Central Garden and Pet Company      
8.250%, 03/01/2018 $ 225,000 225,000
Coca-Cola Amatil, Ltd.      
3.250%, 11/02/2014 (S)   360,000 375,575
Coca-Cola Femsa SAB de CV      
4.625%, 02/15/2020   135,000 150,754
Constellation Brands, Inc.      
6.000%, 05/01/2022   400,000 425,000
Controladora Mabe SA CV      
7.875%, 10/28/2019 (S)   250,000 261,875
Corp. Lindley SA      
6.750%, 11/23/2021 (S)   110,000 116,600
Cosan Finance, Ltd.      
7.000%, 02/01/2017   100,000 107,000
Cott Beverages, Inc.      
8.125%, 09/01/2018   475,000 511,813
8.375%, 11/15/2017   125,000 134,688
Darling International, Inc.      
8.500%, 12/15/2018   100,000 111,625
Del Monte Corp.      
7.625%, 02/15/2019   700,000 679,000
Delhaize Group SA      
6.500%, 06/15/2017   435,000 487,401
DP World, Ltd.      
6.850%, 07/02/2037 (S)   310,000 292,175
Dr Pepper Snapple Group, Inc.      
3.200%, 11/15/2021   100,000 103,388
Energizer Holdings, Inc.      
4.700%, 05/19/2021 to 05/24/2022   495,000 517,784
Heineken NV      
7.125%, 04/07/2014 EUR 75,000 102,417
7.250%, 03/10/2015 GBP 40,000 69,883
Imperial Tobacco Finance PLC      
4.500%, 07/05/2018 EUR 100,000 137,090
6.875%, 06/13/2012 GBP 49,000 75,578
Kellogg Company      
1.125%, 05/15/2015 $ 80,000 80,085
Kraft Foods Group, Inc.      
1.625%, 06/04/2015 (S)   195,000 194,588
3.500%, 06/06/2022 (S)   645,000 642,986
5.000%, 06/04/2042 (S)   160,000 160,164
Kraft Foods, Inc.      
2.625%, 05/08/2013   250,000 253,856
6.250%, 03/20/2015 EUR 50,000 70,008
7.250%, 07/18/2018 GBP 50,000 95,511
Loblaw Companies, Ltd.      
5.220%, 06/18/2020 CAD 25,000 27,334
MHP SA      
10.250%, 04/29/2015 $ 735,000 695,494

 

170

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Staples (continued)      
Michael Foods, Inc.      
9.750%, 07/15/2018 $ 525,000 $ 568,313
Minerva Luxembourg SA      
12.250%, 02/10/2022 (S)   400,000 392,000
Minerva Overseas II, Ltd.      
10.875%, 11/15/2019 (S)   275,000 264,000
Molson Coors Brewing Company      
2.000%, 05/01/2017   160,000 161,180
Molson Coors International LP      
3.950%, 10/06/2017 CAD 40,000 40,582
Mriya Agro Holding PLC      
10.950%, 03/30/2016 (S) $ 200,000 171,000
10.950%, 03/30/2016   200,000 171,000
Pernod-Ricard SA      
2.950%, 01/15/2017 (S)   215,000 217,666
4.450%, 01/15/2022 (S)   150,000 156,677
5.000%, 03/15/2017 EUR 100,000 136,275
5.750%, 04/07/2021 (S) $ 150,000 169,493
Philip Morris International, Inc.      
1.625%, 03/20/2017   435,000 440,895
4.375%, 11/15/2041   145,000 155,746
5.875%, 09/04/2015 EUR 50,000 70,942
Pinnacle Foods Finance LLC      
8.250%, 09/01/2017 $ 450,000 470,250
9.250%, 04/01/2015   375,000 382,500
R&R Ice Cream, PLC      
8.375%, 11/15/2017 (S) EUR 200,000 242,354
Ralcorp Holdings Corp.      
4.950%, 08/15/2020 $ 160,000 168,578
Reynolds American, Inc.      
7.625%, 06/01/2016   445,000 537,428
Reynolds Group Issuer, Inc.      
7.125%, 04/15/2019 (S)   325,000 333,938
7.750%, 10/15/2016 (S)   200,000 211,000
9.000%, 04/15/2019 (S)   500,000 480,000
Rite Aid Corp.      
7.700%, 02/15/2027   250,000 203,750
9.250%, 03/15/2020 (S)   575,000 552,000
9.500%, 06/15/2017   600,000 576,000
SABMiller Holdings Inc.      
1.850%, 01/15/2015 (S)   200,000 202,979
Safeway, Inc.      
3.400%, 12/01/2016   265,000 270,180
Susser Holdings LLC      
8.500%, 05/15/2016   300,000 322,125
Tesco PLC      
5.875%, 09/12/2016 EUR 50,000 72,677
6.125%, 02/24/2022 GBP 50,000 90,567
The Kroger Company      
5.000%, 04/15/2042 $ 280,000 284,450
5.400%, 07/15/2040   205,000 218,360
US Foodservice      
8.500%, 06/30/2019 (S)   325,000 327,438
Viterra, Inc.      
5.950%, 08/01/2020 (S)   150,000 165,562
Wesfarmers, Ltd.      
2.983%, 05/18/2016 (S)   310,000 320,186
3.875%, 07/10/2015 EUR 50,000 66,420
Yasar Holdings SA      
9.625%, 10/07/2015 $ 200,000 196,000
 
      21,037,915
Energy - 6.0%      
Adaro Indonesia PT      
7.625%, 10/22/2019   100,000 105,750

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Adaro Indonesia PT (continued)      
7.625%, 10/22/2019 (S) $ 200,000 $ 211,500
Afren PLC      
10.250%, 04/08/2019 (S)   200,000 202,000
11.500%, 02/01/2016   200,000 208,500
11.500%, 02/01/2016 (S)   200,000 208,500
Alta Mesa Holdings LP      
9.625%, 10/15/2018   150,000 147,750
Anadarko Petroleum Corp.      
6.375%, 09/15/2017   260,000 304,156
Antero Resources Finance Corp.      
7.250%, 08/01/2019   375,000 381,563
9.375%, 12/01/2017   900,000 972,000
Apache Corp.      
1.750%, 04/15/2017   115,000 116,819
3.250%, 04/15/2022   185,000 192,924
5.100%, 09/01/2040   60,000 68,477
Arch Coal, Inc.      
7.250%, 06/15/2021 (S)   425,000 362,313
Atwood Oceanics, Inc.      
6.500%, 02/01/2020   200,000 207,000
Berry Petroleum Company      
6.375%, 09/15/2022   450,000 459,000
6.750%, 11/01/2020   225,000 232,875
10.250%, 06/01/2014   150,000 168,750
BG Energy Capital PLC      
2.875%, 10/15/2016 (S)   305,000 320,498
5.125%, 12/07/2017 GBP 50,000 88,211
Bill Barrett Corp.      
7.000%, 10/15/2022 $ 750,000 712,500
7.625%, 10/01/2019   750,000 748,125
9.875%, 07/15/2016   175,000 192,500
Boardwalk Pipelines LP      
5.500%, 02/01/2017   155,000 171,274
5.750%, 09/15/2019   205,000 231,586
BP Capital Markets PLC      
3.830%, 10/06/2017 EUR 100,000 135,926
Buckeye Partners LP      
4.875%, 02/01/2021 $ 65,000 66,400
5.500%, 08/15/2019   405,000 443,159
6.050%, 01/15/2018   140,000 159,630
Canadian Natural Resources, Ltd.      
1.450%, 11/14/2014   135,000 136,279
4.950%, 06/01/2015 CAD 35,000 36,718
5.150%, 02/01/2013 $ 180,000 185,176
5.700%, 05/15/2017   220,000 258,115
6.250%, 03/15/2038   305,000 377,990
6.450%, 06/30/2033   75,000 96,009
CenterPoint Energy Resources Corp.      
5.850%, 01/15/2041   70,000 86,463
7.875%, 04/01/2013   150,000 158,411
Chesapeake Oilfield Operating LLC      
6.625%, 11/15/2019 (S)   225,000 194,625
Clayton Williams Energy Inc.      
7.750%, 04/01/2019   550,000 544,500
CNOOC Finance 2012, Ltd.      
3.875%, 05/02/2022 (S)   200,000 203,375
Colorado Interstate Gas Company      
5.950%, 03/15/2015   150,000 160,262
Concho Resources, Inc.      
7.000%, 01/15/2021   425,000 455,813
8.625%, 10/01/2017   675,000 735,750
Connacher Oil and Gas, Ltd.      
8.500%, 08/01/2019 (S)   525,000 488,250

 

171

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
CONSOL Energy, Inc.      
8.000%, 04/01/2017 $ 775,000 $ 776,938
8.250%, 04/01/2020   350,000 350,000
DCP Midstream Operating LP      
3.250%, 10/01/2015   325,000 328,590
Denbury Resources, Inc.      
8.250%, 02/15/2020   374,000 403,920
Devon Energy Corp.      
1.875%, 05/15/2017   110,000 109,757
Diamond Offshore Drilling, Inc.      
4.875%, 07/01/2015   240,000 263,636
5.700%, 10/15/2039   75,000 90,460
5.875%, 05/01/2019   80,000 94,734
DTEK Finance BV      
9.500%, 04/28/2015   100,000 94,000
9.500%, 04/28/2015 (S)   150,000 141,000
El Paso Corp.      
6.500%, 09/15/2020   75,000 82,703
7.750%, 01/15/2032   500,000 571,886
7.800%, 08/01/2031   125,000 142,686
8.250%, 02/15/2016   225,000 247,279
El Paso Natural Gas Company      
5.950%, 04/15/2017   27,000 30,431
Enbridge Energy Partners LP      
5.200%, 03/15/2020   70,000 79,879
5.500%, 09/15/2040   220,000 240,175
Enbridge, Inc.      
4.260%, 02/01/2021 CAD 55,000 57,951
Encana Corp.      
5.800%, 01/18/2018 (S)   30,000 32,722
Energy Transfer Equity LP      
7.500%, 10/15/2020 $ 175,000 189,000
Energy Transfer Partners LP      
5.200%, 02/01/2022   550,000 581,840
Eni Finance International SA      
5.000%, 01/27/2019 GBP 12,000 19,883
Ensco PLC      
3.250%, 03/15/2016 $ 650,000 681,539
Enterprise Products Operating LLC      
3.200%, 02/01/2016   320,000 338,433
5.900%, 04/15/2013   250,000 259,732
5.950%, 02/01/2041   445,000 512,948
7.550%, 04/15/2038   210,000 279,466
EQT Corp.      
4.875%, 11/15/2021   645,000 665,933
Everest Acquisition LLC      
9.375%, 05/01/2020 (S)   550,000 563,750
EXCO Resources, Inc.      
7.500%, 09/15/2018   675,000 570,375
Exterran Holdings Inc      
7.250%, 12/01/2018   950,000 902,500
Frac Tech Services LLC      
8.125%, 11/15/2018 (S)   600,000 594,000
Gazprom OAO      
4.950%, 05/23/2016 (S)   425,000 436,849
5.999%, 01/23/2021 (S)   250,000 261,125
6.605%, 02/13/2018 EUR 100,000 139,984
7.288%, 08/16/2037 $ 590,000 655,785
8.625%, 04/28/2034   175,000 219,784
Hercules Offshore, Inc.      
7.125%, 04/01/2017 (S)   500,000 482,500
10.500%, 10/15/2017 (S)   175,000 175,000
Hess Corp.      
6.000%, 01/15/2040   280,000 317,228
7.875%, 10/01/2029   238,000 315,092

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Hess Corp. (continued)      
8.125%, 02/15/2019 $ 55,000 $ 71,511
Hilcorp Energy I LP      
8.000%, 02/15/2020 (S)   325,000 346,125
KazMunayGas National Company      
7.000%, 05/05/2020   100,000 109,000
9.125%, 07/02/2018   1,700,000 2,035,750
Kinder Morgan Energy Partners LP      
3.500%, 03/01/2016   55,000 58,136
3.950%, 09/01/2022   575,000 581,158
4.150%, 03/01/2022   120,000 122,895
5.125%, 11/15/2014   90,000 97,493
Kinder Morgan Finance Company LLC      
5.700%, 01/05/2016   410,000 429,475
6.000%, 01/15/2018 (S)   200,000 210,000
Kinder Morgan Kansas, Inc.      
6.500%, 09/01/2012   139,000 140,218
Laredo Petroleum, Inc.      
7.375%, 05/01/2022 (S)   200,000 204,500
Lukoil International Finance BV      
7.250%, 11/05/2019   200,000 220,750
Magellan Midstream Partners LP      
4.250%, 02/01/2021   60,000 64,775
6.450%, 06/01/2014   145,000 158,365
6.550%, 07/15/2019   145,000 176,394
Marathon Oil Corp.      
5.900%, 03/15/2018   205,000 241,162
Motiva Enterprises LLC      
6.850%, 01/15/2040 (S)   155,000 198,588
Murphy Oil Corp.      
4.000%, 06/01/2022   280,000 284,068
Nabors Industries, Inc.      
4.625%, 09/15/2021   355,000 370,078
5.375%, 08/15/2012   130,000 130,912
9.250%, 01/15/2019   440,000 580,509
National Gas Company of Trinidad &      
Tobago, Ltd.      
6.050%, 01/15/2036 (S)   105,000 103,824
National JSC Naftogaz of Ukraine      
9.500%, 09/30/2014   300,000 284,625
Newfield Exploration Company      
5.750%, 01/30/2022   325,000 342,063
6.875%, 02/01/2020   580,000 614,800
Noble Corp.      
5.875%, 06/01/2013   45,000 46,946
Noble Energy, Inc.      
6.000%, 03/01/2041   365,000 417,434
Noble Holding International, Ltd.      
2.500%, 03/15/2017   35,000 35,374
3.450%, 08/01/2015   85,000 89,234
5.250%, 03/15/2042   560,000 569,512
7.375%, 03/15/2014   35,000 38,387
Novatek Finance, Ltd.      
5.326%, 02/03/2016 (S)   200,000 204,808
NuStar Logistics LP      
4.800%, 09/01/2020   205,000 210,175
7.650%, 04/15/2018   180,000 210,711
Oasis Petroleum, Inc.      
6.500%, 11/01/2021   300,000 300,000
7.250%, 02/01/2019   150,000 154,500
Pacific Rubiales Energy Corp.      
7.250%, 12/12/2021 (S)   100,000 107,000
7.250%, 12/12/2021   100,000 107,000
Parker Drilling Company      
9.125%, 04/01/2018 (S)   125,000 132,500

 

172

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Peabody Energy Corp.      
6.000%, 11/15/2018 (S) $ 425,000 $ 423,938
6.250%, 11/15/2021 (S)   100,000 99,750
7.375%, 11/01/2016   375,000 415,313
Pemex Project Funding Master Trust      
5.750%, 03/01/2018   500,000 558,750
6.250%, 08/05/2013 EUR 120,000 156,185
6.625%, 06/15/2035 $ 85,000 96,688
7.500%, 12/18/2013 GBP 35,000 57,772
Penn Virginia Corp.      
7.250%, 04/15/2019 $ 125,000 107,500
10.375%, 06/15/2016   325,000 308,750
Penn Virginia Resource Partners LP      
8.250%, 04/15/2018   575,000 577,875
8.375%, 06/01/2020 (S)   250,000 250,000
Pertamina Persero PT      
6.000%, 05/03/2042 (S)   257,000 240,938
Petrobras International Finance Company      
5.375%, 01/27/2021   440,000 469,893
5.750%, 01/20/2020   360,000 392,390
5.875%, 03/01/2018   260,000 287,397
6.875%, 01/20/2040   200,000 234,135
7.875%, 03/15/2019   115,000 139,165
Petrohawk Energy Corp.      
7.250%, 08/15/2018   255,000 290,732
Petroleos de Venezuela SA      
4.900%, 10/28/2014   913,324 787,742
5.000%, 10/28/2015   2,589,822 2,007,112
5.125%, 10/28/2016   118,734 84,301
5.250%, 04/12/2017   862,300 586,364
5.375%, 04/12/2027   215,000 116,100
8.500%, 11/02/2017   288,200 227,678
8.500%, 11/02/2017 (S)   375,000 296,250
12.750%, 02/17/2022   300,000 270,750
Petroleos Mexicanos      
4.875%, 01/24/2022 (S)   890,000 934,500
5.500%, 01/21/2021   420,000 462,000
6.500%, 06/02/2041   1,200,000 1,347,000
6.500%, 06/02/2041 (S)   200,000 224,500
8.000%, 05/03/2019   150,000 186,750
Petroleum Company of Trinidad &      
Tobago, Ltd.      
9.750%, 08/14/2019 (S)   200,000 244,500
Petroleum Geo-Services ASA      
7.375%, 12/15/2018 (S)   450,000 465,750
Phillips 66      
1.950%, 03/05/2015 (S)   185,000 186,744
4.300%, 04/01/2022 (S)   470,000 489,864
5.875%, 05/01/2042 (S)   200,000 214,065
Plains All American Pipeline LP      
4.250%, 09/01/2012   345,000 347,432
5.750%, 01/15/2020   385,000 450,839
6.500%, 05/01/2018   200,000 241,321
Plains Exploration & Production Company      
6.750%, 02/01/2022   325,000 321,750
Power Sector Assets & Liabilities      
Management Corp.      
7.390%, 12/02/2024   100,000 125,375
Precision Drilling Corp.      
6.500%, 12/15/2021   75,000 75,563
6.625%, 11/15/2020   425,000 431,375
Range Resources Corp.      
5.000%, 08/15/2022   250,000 240,000
6.750%, 08/01/2020   500,000 540,000

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
RDS Ultra-Deepwater, Ltd.      
11.875%, 03/15/2017 (S) $ 300,000 $ 324,000
Regency Energy Partners LP      
6.875%, 12/01/2018   350,000 365,750
9.375%, 06/01/2016   65,000 71,175
Reliance Holdings USA, Inc.      
4.500%, 10/19/2020 (S)   500,000 466,782
5.400%, 02/14/2022 (S)   250,000 249,047
Repsol International Finance BV      
4.625%, 10/08/2014 EUR 37,000 46,498
4.750%, 02/16/2017   55,000 66,955
Rowan Companies, Inc.      
5.000%, 09/01/2017 $ 315,000 340,365
7.875%, 08/01/2019   230,000 279,534
Sabine Pass LNG LP      
7.500%, 11/30/2016   450,000 475,875
SeaRiver Maritime, Inc.      
Zero Coupon 09/01/2012 (Z)   315,000 313,748
SESI LLC      
6.375%, 05/01/2019   525,000 551,250
7.125%, 12/15/2021 (S)   615,000 670,350
SM Energy Company      
6.500%, 11/15/2021   225,000 230,063
6.625%, 02/15/2019   650,000 669,500
Southeast Supply Header LLC      
4.850%, 08/15/2014 (S)   100,000 105,564
Southern Natural Gas Company      
5.900%, 04/01/2017 (S)   99,000 114,140
Suncor Energy Inc.      
5.390%, 03/26/2037 (S) CAD 30,000 33,693
Swift Energy Company      
7.875%, 03/01/2022 $ 700,000 707,000
8.875%, 01/15/2020   500,000 532,500
Talisman Energy, Inc.      
3.750%, 02/01/2021   865,000 866,874
5.125%, 05/15/2015   175,000 189,733
TMK OAO      
7.750%, 01/27/2018   200,000 184,500
TNK-BP Finance SA      
6.625%, 03/20/2017   150,000 161,445
7.250%, 02/02/2020 (S)   100,000 111,106
Total Capital SA      
3.875%, 12/14/2018 GBP 10,000 16,987
TransCanada PipeLines, Ltd.      
0.875%, 03/02/2015 $ 80,000 79,928
4.650%, 10/03/2016 CAD 40,000 42,562
Transocean, Inc.      
5.050%, 12/15/2016 $ 530,000 578,914
5.250%, 03/15/2013   335,000 344,382
Unit Corp.      
6.625%, 05/15/2021   525,000 522,375
Valero Energy Corp.      
6.125%, 06/15/2017   255,000 296,427
Weatherford International, Inc.      
5.950%, 06/15/2012   205,000 205,227
Weatherford International, Ltd.      
6.750%, 09/15/2040   270,000 305,535
9.625%, 03/01/2019   200,000 263,774
Williams Partners LP      
3.800%, 02/15/2015   145,000 153,385
4.125%, 11/15/2020   135,000 142,434
6.300%, 04/15/2040   400,000 477,902
WPX Energy, Inc.      
6.000%, 01/15/2022 (S)   850,000 818,125

 

173

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Yancoal International Resources      
Development Company Ltd.      
5.730%, 05/16/2022 (S) $ 240,000 $ 232,082
      65,659,952
Financials - 10.1%      
Abbey National Treasury Services PLC      
3.375%, 10/20/2015 EUR 50,000 61,224
ACE INA Holdings, Inc.      
5.875%, 06/15/2014 $ 250,000 273,894
Aflac, Inc.      
2.650%, 02/15/2017   45,000 46,015
Ahold Finance USA, Inc.      
6.500%, 03/14/2017 GBP 30,000 53,149
Akbank TAS      
5.125%, 07/22/2015 (S) $ 300,000 300,750
6.500%, 03/09/2018 (S)   200,000 204,760
Alfa Bank OJSC      
7.875%, 09/25/2017   350,000 345,275
7.875%, 09/25/2017 (S)   220,000 217,030
Allianz Finance II BV (6.500% to      
01/13/2015, then 3 month      
EURIBOR + 2.770%)      
01/13/2025 EUR 95,000 120,405
Ally Financial, Inc.      
5.500%, 02/15/2017 $ 350,000 350,430
6.250%, 12/01/2017   550,000 564,530
7.500%, 09/15/2020   475,000 521,313
8.000%, 03/15/2020   425,000 479,188
American Express Centurion Bank      
5.550%, 10/17/2012   100,000 101,786
American Express Credit Corp.      
5.125%, 08/25/2014   335,000 361,160
American International Group, Inc.      
3.000%, 03/20/2015   125,000 126,241
3.800%, 03/22/2017   420,000 426,395
4.250%, 09/15/2014   580,000 600,544
5.450%, 05/18/2017   110,000 118,317
5.850%, 01/16/2018   105,000 115,162
6.400%, 12/15/2020   100,000 112,278
Ameriprise Financial, Inc.      
7.300%, 06/28/2019   365,000 455,532
AmSouth Bank NA      
5.200%, 04/01/2015   450,000 456,750
ANZ National International, Ltd.      
2.375%, 12/21/2012 (S)   165,000 166,580
AON Financial Services Luxembourg SA      
6.250%, 07/01/2014 EUR 50,000 66,391
Assured Guaranty Municipal      
Holdings, Inc. (6.400% to 12/15/2036,      
then 1 month LIBOR + 2.215%)      
12/15/2066 (S) $ 675,000 455,625
Aviv Healthcare Properties LP      
7.750%, 02/15/2019   150,000 156,000
Aviva PLC (6.875% to 05/22/2018, then      
3 month EURIBOR + 3.350%)      
05/22/2038 EUR 50,000 53,000
AXA SA (5.250% to 04/16/2020, then      
3 month EURIBOR + 3.050%)      
04/16/2040   100,000 92,233
Banco Bilbao Vizcaya Argentaria SA      
3.000%, 10/09/2014   250,000 296,729
Banco Bradesco SA      
4.125%, 05/16/2016 (S) $ 200,000 203,000

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Banco de Credito del Peru      
4.750%, 03/16/2016 (S) $ 200,000 $ 204,500
5.375%, 09/16/2020 (S)   300,000 301,500
Banco de Galicia y Buenos Aires      
8.750%, 05/04/2018 (S)   200,000 156,000
Banco del Estado de Chile      
3.875%, 02/08/2022 (S)   330,000 337,102
Banco do Estado do Rio Grande do Sul      
7.375%, 02/02/2022 (S)   400,000 408,528
Banco Santander SA      
4.625%, 01/20/2016 EUR 500,000 608,817
BanColombia SA      
4.250%, 01/12/2016 $ 100,000 103,000
5.950%, 06/03/2021   200,000 207,000
Bank Nederlandse Gemeenten      
2.500%, 01/18/2016 EUR 727,000 938,754
4.125%, 06/28/2016   570,000 782,757
Bank of America Corp.      
1.886%, 01/30/2014 (P) $ 350,000 344,486
3.875%, 03/22/2017   475,000 473,600
4.750%, 04/03/2017 EUR 150,000 187,247
5.500%, 12/04/2019 GBP 40,000 62,702
5.650%, 05/01/2018 $ 1,030,000 1,073,326
5.750%, 08/15/2016   210,000 217,788
6.500%, 08/01/2016   325,000 352,024
Bank of Montreal      
6.170%, 03/28/2023 (P) CAD 30,000 33,831
Bank of Nova Scotia      
2.550%, 01/12/2017 $ 320,000 332,972
2.740%, 12/01/2016 CAD 30,000 29,423
3.340%, 03/25/2015   70,000 70,218
Banque du Liban      
10.000%, 04/25/2015 $ 100,000 117,000
Barclays Bank PLC      
4.000%, 10/07/2019 EUR 400,000 555,304
5.200%, 07/10/2014 $ 880,000 926,088
5.250%, 05/27/2014 EUR 50,000 66,015
5.750%, 08/17/2021 GBP 50,000 83,889
6.000%, 01/14/2021 EUR 125,000 140,682
6.750%, 05/22/2019 $ 280,000 322,719
BB&T Corp.      
5.700%, 04/30/2014   285,000 310,261
BBVA Senior Finance SAU      
4.875%, 01/23/2014 EUR 100,000 123,992
Berkshire Hathaway Finance Corp.      
4.250%, 01/15/2021 $ 435,000 479,106
Berkshire Hathaway, Inc.      
2.200%, 08/15/2016   385,000 399,705
BPCE SA      
2.375%, 10/04/2013 (S)   975,000 955,788
BR Properties SA      
9.000%, (Q) (S)   200,000 206,000
Canadian Imperial Bank of Commerce      
2.650%, 11/08/2016 CAD 30,000 29,272
Capital One Financial Corp.      
2.125%, 07/15/2014 $ 510,000 513,880
2.150%, 03/23/2015   420,000 421,839
7.375%, 05/23/2014   225,000 247,582
CB Richard Ellis Services, Inc.      
6.625%, 10/15/2020   275,000 292,875
CBRE Services, Inc.      
11.625%, 06/15/2017   200,000 226,000
Central China Real Estate, Ltd.      
12.250%, 10/20/2015   500,000 508,750

 

174

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
CIT Group, Inc.      
4.750%, 02/15/2015 (S) $ 1,125,000 $ 1,119,375
5.250%, 03/15/2018   225,000 221,625
5.375%, 05/15/2020   400,000 384,000
5.500%, 02/15/2019 (S)   1,475,000 1,434,438
6.625%, 04/01/2018 (S)   1,025,000 1,063,438
Citigroup Finance Canada, Inc.      
6.750%, 09/22/2014 CAD 45,000 46,890
Citigroup, Inc.      
1.126%, 05/31/2017 (P) EUR 50,000 49,529
1.398%, 04/01/2014 (P) $ 610,000 598,011
3.500%, 08/05/2015 EUR 110,000 138,701
4.587%, 12/15/2015 $ 290,000 301,860
5.375%, 08/09/2020   350,000 376,438
6.125%, 05/15/2018   830,000 903,608
6.250%, 09/02/2019 GBP 70,000 117,013
7.375%, 06/16/2014 EUR 50,000 67,541
Citigroup, Inc. (4.750% to 02/10/2014,      
then 3 month EURIBOR + 1.400%)      
02/10/2019   40,000 40,806
Cloverie PLC (7.500% until 07/24/2019,      
then 3 month EURIBOR + 5.850%)      
07/24/2039   100,000 132,308
CNA Financial Corp.      
5.875%, 08/15/2020 $ 330,000 361,496
6.500%, 08/15/2016   140,000 158,214
CNH Capital, Inc.      
6.250%, 11/01/2016 (S)   700,000 729,750
Commonwealth Bank of Australia      
1.950%, 03/16/2015   270,000 271,764
2.750%, 10/15/2012 (S)   110,000 110,692
3.625%, 10/14/2014 CAD 50,000 49,075
5.500%, 08/06/2019 EUR 75,000 99,022
Country Garden Holdings Company, Ltd.      
11.125%, 02/23/2018 (S) $ 450,000 433,125
11.250%, 04/22/2017 (S)   100,000 97,750
Credit Suisse AG London      
6.125%, 08/05/2013 EUR 50,000 65,177
Credit Suisse Group Finance      
Guernsey, Ltd.      
6.375%, 06/07/2013   44,000 56,517
Credit Suisse/London      
5.125%, 09/18/2017   125,000 176,401
Danske Bank A/S      
4.750%, 06/04/2014   75,000 97,621
Deutsche Bank AG      
4.875%, 09/24/2012   50,000 62,545
5.125%, 01/31/2013   35,000 44,074
5.375%, 10/12/2012 $ 380,000 385,475
Discover Financial Services      
10.250%, 07/15/2019   245,000 333,479
DNB Bank ASA      
3.200%, 04/03/2017 (S)   970,000 980,222
DnB NOR Bank ASA      
3.875%, 06/29/2020 EUR 75,000 100,357
E*Trade Financial Corp.      
6.750%, 06/01/2016 $ 300,000 304,500
7.875%, 12/01/2015   450,000 456,750
E*Trade Financial Corp., PIK      
12.500%, 11/30/2017   1,741,000 1,997,798
Emaar Sukuk Ltd.      
8.500%, 08/03/2016   250,000 270,950
Eurohypo AG      
4.500%, 01/21/2013 (S) EUR 342,000 433,043

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
European Investment Bank      
8.750%, 08/25/2017 GBP 360,000 $ 728,938
FCE Bank PLC      
4.750%, 01/19/2015 EUR 100,000 130,451
Federal Realty Investment Trust      
5.900%, 04/01/2020 $ 55,000 62,709
6.000%, 07/15/2012   95,000 95,449
Fifth Third Bancorp      
3.500%, 03/15/2022   180,000 182,961
3.625%, 01/25/2016   385,000 405,846
6.250%, 05/01/2013   380,000 397,846
8.250%, 03/01/2038   270,000 382,273
GE Capital Canada Funding Company      
5.730%, 10/22/2037 CAD 35,000 39,132
GE Capital European Funding      
4.625%, 02/22/2027 EUR 100,000 138,678
5.250%, 05/18/2015   145,000 196,868
GE Capital Trust IV (4.625% to      
09/15/2016, then month EURIBOR      
+1.600%)      
09/15/2066   135,000 139,381
GE Capital UK Funding Company      
5.625%, 12/12/2014 to 04/25/2019 GBP 80,000 135,850
General Electric Capital Corp.      
1.099%, 04/07/2014 (P) $ 610,000 609,906
2.100%, 01/07/2014   820,000 831,239
4.625%, 01/07/2021   755,000 825,133
5.300%, 02/11/2021   860,000 957,969
5.875%, 01/14/2038   450,000 513,092
6.875%, 01/10/2039   415,000 532,621
General Shopping Finance, Ltd.      
10.000%, 11/09/2015 (Q)   20,000 19,406
10.000%, 11/09/2015 (Q) (S)   200,000 194,932
GMAC International Finance BV      
7.500%, 04/21/2015 EUR 100,000 127,669
GTB Finance B.V.      
7.500%, 05/19/2016 (S) $ 200,000 207,000
Handelsbanken AB      
4.875%, 03/25/2014 EUR 75,000 98,949
Health Care REIT, Inc.      
4.700%, 09/15/2017 $ 160,000 169,472
Healthcare Realty Trust, Inc.      
5.750%, 01/15/2021   150,000 160,273
Hospitality Properties Trust      
5.625%, 03/15/2017   225,000 240,925
7.875%, 08/15/2014   145,000 157,977
Host Hotels & Resorts LP      
5.875%, 06/15/2019   475,000 508,250
6.000%, 10/01/2021 (S)   250,000 266,875
6.750%, 06/01/2016   300,000 307,500
HSBC Bank Canada      
3.558%, 10/04/2017 CAD 35,000 35,214
HSBC Bank PLC      
3.875%, 10/24/2018 EUR 100,000 135,132
HSBC Bank USA NA      
4.625%, 04/01/2014 $ 100,000 104,130
HSBC Covered Bonds France      
3.375%, 01/20/2017 EUR 250,000 330,731
HSBC Holdings PLC      
5.100%, 04/05/2021 $ 665,000 736,158
6.250%, 03/19/2018 EUR 50,000 67,634
6.500%, 05/02/2036 $ 50,000 55,344

 

175

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
HSBC Holdings PLC (9.875% to      
04/08/2013, then 3 month UK      
Gilt + 2.500%)      
04/08/2018 GBP 60,000 $ 97,763
HSBC USA, Inc.      
2.375%, 02/13/2015 $ 380,000 381,246
HUB International Holdings, Inc.      
9.000%, 12/15/2014 (S)   550,000 555,500
10.250%, 06/15/2015 (S)   1,200,000 1,213,500
Hypothekenbank in Essen AG      
3.875%, 11/21/2013 EUR 421,000 543,784
Inter-American Development Bank      
4.400%, 01/26/2026 CAD 410,000 452,241
International Bank For Reconstruction &      
Development      
3.875%, 05/20/2019 EUR 547,000 789,972
International Lease Finance Corp.      
4.875%, 04/01/2015 $ 300,000 295,646
5.750%, 05/15/2016   600,000 600,628
6.500%, 09/01/2014 (S)   200,000 209,500
6.625%, 11/15/2013   490,000 501,025
8.250%, 12/15/2020   450,000 501,750
8.625%, 01/15/2022   350,000 399,268
8.875%, 09/01/2017   625,000 698,438
Intesa Sanpaolo SpA      
4.000%, 11/08/2018 EUR 200,000 221,902
iPayment, Inc.      
10.250%, 05/15/2018 $ 625,000 559,375
IPIC GMTN Ltd.      
5.875%, 03/14/2021 EUR 100,000 133,295
IRSA Inversiones y Representaciones SA      
11.500%, 07/20/2020 (S) $ 347,000 309,213
Itau Unibanco Holding SA      
5.650%, 03/19/2022 (S)   400,000 392,000
Jefferies Group, Inc.      
3.875%, 11/09/2015   420,000 405,678
5.125%, 04/13/2018   40,000 38,000
8.500%, 07/15/2019   155,000 164,300
JPMorgan Chase & Company      
1.224%, 05/02/2014 (P)   670,000 666,561
3.400%, 06/24/2015   260,000 268,398
3.700%, 01/20/2015   90,000 93,358
4.500%, 01/24/2022   1,625,000 1,734,936
5.250%, 01/14/2015 EUR 100,000 134,441
6.300%, 04/23/2019 $ 95,000 110,448
JPMorgan Chase & Company (4.375% to      
11/12/2014, then 3 month      
EURIBOR + 1.500%)      
11/12/2019 EUR 100,000 112,527
Kazakhstan Temir Zholy Finance BV      
7.000%, 05/11/2016 $ 250,000 273,125
Kazkommertsbank JSC      
8.500%, 05/11/2018 (S)   400,000 344,000
KBC Internationale      
Financieringsmaatschappij NV      
3.875%, 03/31/2015 EUR 70,000 87,043
KeyCorp      
3.750%, 08/13/2015 $ 450,000 474,230
5.100%, 03/24/2021   165,000 186,579
Kilroy Realty LP      
4.800%, 07/15/2018   315,000 335,380
5.000%, 11/03/2015   260,000 277,623
6.625%, 06/01/2020   295,000 342,690
Kreditanstalt fuer Wiederaufbau      
4.375%, 07/04/2018 EUR 575,000 841,165

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Kreditanstalt fuer Wiederaufbau (continued)    
4.700%, 06/02/2037 CAD 245,000 $ 270,417
5.500%, 12/07/2015 GBP 525,000 930,435
6.000%, 08/20/2020 AUD 1,327,000 1,430,615
KWG Property Holding, Ltd.      
12.500%, 08/18/2017 $ 100,000 91,000
12.750%, 03/30/2016   400,000 380,551
Legal & General Group PLC (4.000% to      
06/08/2015 then 3 month EURIBOR      
+1.700%)      
06/08/2025 EUR 60,000 64,174
Lincoln National Corp.      
4.850%, 06/24/2021 $ 290,000 303,622
Lloyds TSB Bank PLC      
6.375%, 06/17/2016 EUR 160,000 217,288
6.500%, 03/24/2020   150,000 154,081
MassMutual Global Funding II      
3.625%, 07/16/2012 (S) $ 354,000 355,119
Merrill Lynch & Company, Inc.      
4.450%, 01/31/2014 EUR 60,000 75,318
7.750%, 05/14/2038 $ 265,000 301,975
MetLife Institutional Funding II      
1.368%, 04/04/2014 (P) (S)   365,000 366,205
MetLife, Inc.      
1.716%, 08/06/2013 (P)   225,000 227,148
4.750%, 02/08/2021   150,000 165,452
Metropolitan Life Global Funding I      
4.625%, 05/16/2017 EUR 100,000 136,035
Morgan Stanley      
2.066%, 01/24/2014 (P) $ 650,000 625,598
3.450%, 11/02/2015   245,000 232,873
4.000%, 07/24/2015   190,000 183,747
4.100%, 01/26/2015   405,000 395,496
4.200%, 11/20/2014   75,000 73,769
4.900%, 02/23/2017 CAD 45,000 42,662
5.000%, 05/02/2019 EUR 150,000 177,403
5.125%, 11/30/2015 GBP 100,000 154,617
5.375%, 08/10/2020 EUR 100,000 115,251
6.000%, 04/28/2015 $ 615,000 625,592
6.625%, 04/01/2018   100,000 101,542
MPT Operating Partnership LP      
6.375%, 02/15/2022   200,000 199,000
6.875%, 05/01/2021   350,000 360,500
National Australia Bank, Ltd.      
2.350%, 11/16/2012 (S)   215,000 216,406
5.375%, 12/08/2014 GBP 50,000 83,158
National Rural Utilities Cooperative      
Finance Corp.      
1.000%, 02/02/2015 $ 50,000 50,357
Nationwide Building Society      
3.750%, 01/20/2015 EUR 50,000 64,028
4.375%, 02/28/2022   250,000 357,539
5.625%, 09/09/2019 GBP 50,000 83,704
6.750%, 07/22/2020 EUR 75,000 85,648
Neuberger Berman Group LLC      
5.625%, 03/15/2020 (S) $ 350,000 357,000
5.875%, 03/15/2022 (S)   635,000 644,525
New York Life Funding      
5.125%, 02/03/2015 GBP 50,000 83,460
New York Life Global Funding      
2.450%, 07/14/2016 (S) $ 340,000 352,517
4.375%, 01/19/2017 EUR 100,000 135,790
Nordea Bank AB      
1.750%, 10/04/2013 (S) $ 195,000 194,957
2.125%, 01/14/2014 (S)   200,000 200,695

 

176

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Nordea Bank AB (continued)      
2.500%, 11/13/2012 (S) $ 165,000 $ 166,247
3.125%, 03/20/2017 (S)   540,000 543,816
3.750%, 02/24/2017 EUR 100,000 133,431
4.875%, 05/13/2021 (S) $ 650,000 634,121
Nordea Hypotek AB      
3.500%, 01/18/2017 EUR 294,000 398,232
Nuveen Investments, Inc.      
5.500%, 09/15/2015 $ 825,000 742,500
10.500%, 11/15/2015   1,860,000 1,878,600
Ohio National Financial Services, Inc.      
6.350%, 04/01/2013 (S)   15,000 15,402
Omega Healthcare Investors, Inc.      
6.750%, 10/15/2022   475,000 501,125
Pacific Life Funding LLC      
5.125%, 01/20/2015 GBP 50,000 81,320
PNC Funding Corp.      
3.300%, 03/08/2022 $ 425,000 434,912
5.625%, 02/01/2017   115,000 128,753
Principal Financial Global      
Funding II LLC      
4.500%, 01/26/2017 EUR 50,000 64,548
Principal Financial Group, Inc.      
6.050%, 10/15/2036 $ 180,000 207,917
7.875%, 05/15/2014   385,000 429,362
8.875%, 05/15/2019   135,000 176,758
ProLogis LP      
4.500%, 08/15/2017   330,000 346,944
6.625%, 12/01/2019   185,000 215,508
Promsvyazbank OJSC      
6.200%, 04/25/2014 (S)   400,000 390,507
6.200%, 04/25/2014   200,000 195,250
Provident Companies, Inc.      
7.000%, 07/15/2018   380,000 442,093
Provident Funding Associates LP      
10.125%, 02/15/2019 (S)   125,000 111,875
10.250%, 04/15/2017 (S)   350,000 362,250
Prudential Financial, Inc.      
2.750%, 01/14/2013   95,000 96,028
3.625%, 09/17/2012   425,000 428,318
4.750%, 09/17/2015   220,000 238,047
5.375%, 06/21/2020   250,000 282,240
Rabobank Nederland NV      
4.125%, 01/14/2020 EUR 75,000 101,371
4.250%, 01/16/2017   50,000 67,700
Raymond James Financial, Inc.      
4.250%, 04/15/2016 $ 120,000 124,928
RCI Banque SA      
2.339%, 04/11/2014 (P) (S)   195,000 189,253
4.375%, 01/27/2015 EUR 148,000 187,860
4.600%, 04/12/2016 (S) $ 435,000 435,098
Reckson Operating Partnership LP      
6.000%, 03/31/2016   245,000 260,766
Regency Centers LP      
5.875%, 06/15/2017   120,000 135,142
6.000%, 06/15/2020   165,000 188,807
Regions Bank      
7.500%, 05/15/2018   600,000 672,000
Regions Financial Corp.      
5.750%, 06/15/2015   310,000 325,500
Reinsurance Group of America, Inc.      
5.000%, 06/01/2021   240,000 252,049
5.625%, 03/15/2017   150,000 164,859
6.450%, 11/15/2019   445,000 507,210

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Reliance Intermediate Holdings LP      
9.500%, 12/15/2019 (S) $ 425,000 $ 467,500
Rouse Company LP      
6.750%, 05/01/2013 (S)   100,000 102,250
6.750%, 11/09/2015   625,000 653,125
Royal Bank of Canada      
0.766%, 04/17/2014 (P)   410,000 410,760
4.625%, 01/22/2018 EUR 390,000 562,286
Royal Bank of Canada (4.350% to      
06/15/2015, then 3 month      
CDOR + 1.410%)      
06/15/2020 CAD 50,000 50,711
Russian Agricultural Bank      
6.299%, 05/15/2017 $ 200,000 210,026
Simon Property Group LP      
4.200%, 02/01/2015   250,000 266,576
Skandinaviska Enskilda Banken AB      
3.750%, 05/19/2016 EUR 100,000 132,283
6.625%, 07/09/2014 GBP 50,000 83,602
SLM Corp.      
4.750%, 03/17/2014 EUR 100,000 121,971
5.050%, 11/14/2014 $ 75,000 75,824
5.125%, 08/27/2012   515,000 518,057
5.375%, 05/15/2014   500,000 511,241
6.000%, 01/25/2017   865,000 850,474
6.250%, 01/25/2016   960,000 972,000
8.450%, 06/15/2018   915,000 965,325
Societe Generale SA      
2.500%, 01/15/2014 (S)   205,000 199,826
5.250%, 03/28/2013 EUR 100,000 127,409
5.400%, 01/30/2018 GBP 25,000 32,656
Springleaf Finance Corp.      
6.900%, 12/15/2017 $ 425,000 333,625
Standard Bank PLC      
8.125%, 12/02/2019   700,000 763,700
Standard Chartered Bank      
5.875%, 09/26/2017 EUR 150,000 196,132
Standard Chartered PLC      
3.850%, 04/27/2015 (S) $ 355,000 370,479
State Street Corp.      
0.825%, 03/07/2014 (P)   270,000 271,270
Sumitomo Mitsui Banking Corp.      
1.900%, 01/12/2015 (S)   420,000 424,278
Sun Life Financial Global Funding LP      
0.719%, 10/06/2013 (P) (S)   250,000 247,623
SunTrust Banks, Inc.      
3.600%, 04/15/2016   305,000 316,904
Svenska Handelsbanken AB      
5.500%, 05/26/2016 GBP 50,000 85,392
Synovus Financial Corp.      
5.125%, 06/15/2017 $ 500,000 458,750
7.875%, 02/15/2019   150,000 157,125
Taylor Morrison Communities, Inc.      
7.750%, 04/15/2020 (S)   600,000 618,000
The Goldman Sachs Group, Inc.      
1.466%, 02/07/2014 (P)   580,000 565,824
3.625%, 02/07/2016   485,000 477,817
3.700%, 08/01/2015   160,000 158,734
4.500%, 01/30/2017 EUR 150,000 186,773
5.250%, 12/15/2015 GBP 10,000 16,015
5.750%, 01/24/2022 $ 325,000 333,680
6.125%, 02/14/2017 GBP 20,000 32,226
6.250%, 02/01/2041 $ 255,000 257,460
6.375%, 05/02/2018 EUR 35,000 47,053
6.750%, 10/01/2037 $ 190,000 187,324

 

177

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
The Goldman Sachs Group, Inc. (continued)    
7.500%, 02/15/2019 $ 140,000 $ 159,094
The Royal Bank of Scotland Group PLC      
5.250%, 05/15/2013 EUR 60,000 76,224
The Royal Bank of Scotland PLC      
3.400%, 08/23/2013 $ 570,000 575,097
5.375%, 09/30/2019 EUR 150,000 190,227
5.750%, 05/21/2014   50,000 65,434
The Toronto-Dominion Bank      
0.646%, 07/26/2013 (P) $ 135,000 135,281
0.767%, 07/14/2014 (P)   135,000 135,506
The Toronto-Dominion Bank (5.69% to      
06/03/2013 then 3 month      
CDOR + 1.000%)      
06/03/2018 CAD 65,000 65,252
TransCapitalInvest, Ltd.      
8.700%, 08/07/2018 $ 290,000 353,800
Turkiye Garanti Bankasi AS      
6.250%, 04/20/2021 (S)   400,000 397,000
U.S. Bancorp      
2.200%, 11/15/2016   435,000 445,724
3.442%, 02/01/2016   655,000 677,294
UBS AG      
1.466%, 01/28/2014 (P)   250,000 248,252
UBS AG/London      
6.000%, 04/18/2018 EUR 50,000 73,602
6.375%, 07/20/2016 GBP 25,000 42,420
UniCredit SpA      
4.250%, 07/29/2016 EUR 232,000 292,934
Unum Group      
5.625%, 09/15/2020 $ 115,000 125,762
UnumProvident Finance Company PLC      
6.850%, 11/15/2015 (S)   105,000 117,775
USI Holdings Corp.      
9.750%, 05/15/2015 (S)   225,000 223,313
VEB Finance, Ltd.      
6.902%, 07/09/2020 (S)   105,000 111,640
Ventas Realty LP      
3.125%, 11/30/2015   255,000 261,181
4.000%, 04/30/2019   295,000 302,432
Verisure Holding AB      
8.750%, 09/01/2018 (S) EUR 100,000 115,922
Wells Fargo & Company      
1.250%, 02/13/2015 $ 335,000 333,519
2.100%, 05/08/2017   265,000 262,397
3.500%, 03/08/2022   835,000 848,109
Westpac Banking Corp.      
2.100%, 08/02/2013   200,000 202,721
4.875%, 09/28/2012 EUR 75,000 93,950
5.000%, 10/21/2019 GBP 50,000 83,961
Weyerhaeuser Company      
8.500%, 01/15/2025 $ 475,000 577,064
Woodside Finance, Ltd.      
4.500%, 11/10/2014 (S)   245,000 260,202
WT Finance Australia Pty, Ltd.      
3.625%, 06/27/2012 EUR 50,000 61,886
 
      110,762,804
Health Care - 1.9%      
Accellent, Inc.      
8.375%, 02/01/2017 $ 75,000 74,250
10.000%, 11/01/2017   425,000 342,125
Agilent Technologies, Inc.      
6.500%, 11/01/2017   150,000 181,321

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Health Care (continued)      
AMERIGROUP Corp.      
7.500%, 11/15/2019 $ 450,000 $ 481,500
AmerisourceBergen Corp.      
3.500%, 11/15/2021   95,000 100,201
5.625%, 09/15/2012   385,000 390,340
Aristotle Holding, Inc.      
2.750%, 11/21/2014 (S)   245,000 250,780
3.900%, 02/15/2022 (S)   255,000 264,803
Bausch & Lomb, Inc.      
9.875%, 11/01/2015   75,000 78,563
Biomet, Inc.      
11.625%, 10/15/2017   1,480,000 1,568,800
Boston Scientific Corp.      
4.500%, 01/15/2015   675,000 723,096
Capella Healthcare, Inc.      
9.250%, 07/01/2017   625,000 625,000
Capsugel Financeco SCA      
9.875%, 08/01/2019 (S) EUR 600,000 778,995
Cardinal Health, Inc.      
1.900%, 06/15/2017 $ 65,000 64,993
4.625%, 12/15/2020   220,000 247,427
5.500%, 06/15/2013   280,000 292,774
Community Health Systems, Inc.      
8.000%, 11/15/2019   1,495,000 1,526,769
8.875%, 07/15/2015   163,000 167,177
Crown Newco 3 PLC      
7.000%, 02/15/2018 (S) GBP 200,000 293,599
DaVita, Inc.      
6.375%, 11/01/2018 $ 300,000 303,750
Express Scripts, Inc.      
3.125%, 05/15/2016   535,000 557,467
5.250%, 06/15/2012   400,000 400,469
6.250%, 06/15/2014   245,000 268,177
Fresenius Medical      
Care US Finance II, Inc.      
5.625%, 07/31/2019 (S)   525,000 521,063
5.875%, 01/31/2022 (S)   300,000 298,500
Gilead Sciences, Inc.      
2.400%, 12/01/2014   150,000 154,528
Grifols, Inc.      
8.250%, 02/01/2018   200,000 212,750
HCA, Inc.      
7.500%, 02/15/2022   1,525,000 1,598,391
8.500%, 04/15/2019   100,000 110,375
Health Management Associates, Inc.      
7.375%, 01/15/2020 (S)   300,000 307,500
IASIS Healthcare LLC      
8.375%, 05/15/2019   575,000 540,500
InVentiv Health, Inc.      
10.000%, 08/15/2018 (S)   625,000 526,500
Kaiser Foundation Hospitals      
3.500%, 04/01/2022   200,000 208,449
Kindred Healthcare, Inc.      
8.250%, 06/01/2019   350,000 304,500
Life Technologies Corp.      
3.375%, 03/01/2013   315,000 319,375
3.500%, 01/15/2016   180,000 188,256
4.400%, 03/01/2015   460,000 490,437
LifePoint Hospitals, Inc.      
6.625%, 10/01/2020   150,000 157,125
MedAssets, Inc.      
8.000%, 11/15/2018   300,000 309,750
Medco Health Solutions, Inc.      
2.750%, 09/15/2015   135,000 139,289

 

178

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Health Care (continued)      
Medtronic, Inc.      
3.125%, 03/15/2022 $ 60,000 $ 61,773
Merck Financial Services GmbH      
3.375%, 03/24/2015 EUR 100,000 130,422
MultiPlan, Inc.      
9.875%, 09/01/2018 (S) $ 500,000 530,000
Mylan, Inc.      
7.625%, 07/15/2017 (S)   200,000 218,250
Ontex IV SA      
7.500%, 04/15/2018 (S) EUR 525,000 619,950
Radiation Therapy Services, Inc.      
9.875%, 04/15/2017 $ 300,000 231,000
Tenet Healthcare Corp.      
6.250%, 11/01/2018 (S)   625,000 631,250
8.875%, 07/01/2019   25,000 27,813
Truven Health Analytics, Inc.      
10.625%, 06/01/2020 (S)   175,000 175,875
UnitedHealth Group, Inc.      
1.875%, 11/15/2016   100,000 102,292
3.875%, 10/15/2020   40,000 43,715
4.625%, 11/15/2041   290,000 313,231
4.700%, 02/15/2021   200,000 230,137
Universal Health Services, Inc.      
7.000%, 10/01/2018   100,000 107,000
Universal Hospital Services, Inc., PIK      
8.500%, 06/01/2015   100,000 101,875
Vanguard Health      
Holding Company II LLC      
7.750%, 02/01/2019   325,000 318,500
8.000%, 02/01/2018   200,000 196,000
Vanguard Health Systems, Inc.      
Zero Coupon 02/01/2016 (Z)   17,000 11,773
Watson Pharmaceuticals, Inc.      
5.000%, 08/15/2014   260,000 277,143
WellPoint, Inc.      
4.350%, 08/15/2020   270,000 299,402
6.000%, 02/15/2014   185,000 199,892
6.800%, 08/01/2012   150,000 151,415
 
      21,348,372
Industrials - 3.2%      
Adecco International Financial      
Services BV      
4.750%, 04/13/2018 EUR 100,000 133,286
AerCap Aviation Solutions BV      
6.375%, 05/30/2017 (S) $ 350,000 346,500
Aeropuertos Argentina 2000 SA      
10.750%, 12/01/2020 (S)   47,500 43,700
Aguila 3 SA      
7.875%, 01/31/2018 (S)   450,000 459,000
Air Jamaica, Ltd.      
9.375%, 07/08/2015   57,500 59,656
Air Lease Corp.      
5.625%, 04/01/2017 (S)   575,000 562,063
Aircastle, Ltd.      
6.750%, 04/15/2017 (S)   650,000 643,500
9.750%, 08/01/2018 (S)   200,000 216,500
9.750%, 08/01/2018   225,000 244,688
Amsted Industries, Inc.      
8.125%, 03/15/2018 (S)   200,000 212,000
Associated Materials LLC      
9.125%, 11/01/2017   575,000 502,406
Autoroutes du Sud de la France      
7.375%, 03/20/2019 EUR 100,000 156,813

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Avis Budget Car Rental LLC      
9.625%, 03/15/2018 $ 75,000 $ 81,469
BAA Funding, Ltd.      
4.600%, 02/15/2018 EUR 100,000 132,851
4.875%, 07/15/2021 (S) $ 585,000 622,820
5.225%, 02/15/2023 GBP 50,000 83,562
BE Aerospace, Inc.      
8.500%, 07/01/2018 $ 450,000 490,500
Burlington Northern Santa Fe LLC      
5.050%, 03/01/2041   100,000 111,114
5.400%, 06/01/2041   345,000 398,273
Canadian National Railway Company      
2.850%, 12/15/2021   70,000 72,972
Canadian Pacific Railway Company      
7.250%, 05/15/2019   260,000 323,815
Case New Holland, Inc.      
7.875%, 12/01/2017   450,000 513,000
Caterpillar Financial Services Corp.      
0.758%, 04/01/2014 (P)   400,000 401,476
CEVA Group PLC      
8.375%, 12/01/2017 (S)   325,000 316,063
Cie de St-Gobain      
4.000%, 10/08/2018 EUR 100,000 130,913
Clondalkin Acquisition BV      
2.474%, 12/15/2013 (P) (S) $ 75,000 67,500
Coleman Cable, Inc.      
9.000%, 02/15/2018   325,000 337,188
Columbus McKinnon Corp.      
7.875%, 02/01/2019   150,000 158,250
Continental Airlines 2009-1 Pass      
Through Trust      
9.000%, 07/08/2016   168,103 192,477
Continental Airlines 2009-2 Class A Pass      
Through Trust      
7.250%, 11/10/2019   225,436 253,616
Continental Airlines 2009-2 Class B Pass      
Through Trust      
9.250%, 05/10/2017   78,198 85,725
Continental Airlines 2010-1 Class A Pass      
Through Trust      
4.750%, 01/12/2021   132,400 138,689
Continental Airlines 2012-1 Class A Pass      
Through Trust      
4.150%, 04/11/2024   155,000 153,063
Continental Airlines, Inc.      
6.750%, 09/15/2015 (S)   775,000 780,813
CSX Corp.      
5.750%, 03/15/2013   175,000 181,678
Delta Air Lines 2007-1 Class A Pass      
Through Trust      
6.821%, 08/10/2022   102,611 111,333
Delta Air Lines 2009-1 Class A Pass      
Through Trust      
7.750%, 12/17/2019   65,793 75,169
Delta Air Lines 2010-2 Class A Pass      
Through Trust      
4.950%, 05/23/2019   109,946 115,993
Delta Air Lines 2011-1 Class A Pass      
Through Trust      
5.300%, 04/15/2019   79,128 83,875
Delta Air Lines, Inc.      
9.500%, 09/15/2014 (S)   317,000 333,643
12.250%, 03/15/2015 (S)   1,025,000 1,107,000
DP World Sukuk, Ltd.      
6.250%, 07/02/2017   270,000 284,175

 

179

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
DP World Sukuk, Ltd. (continued)      
6.250%, 07/02/2017 (S) $ 770,000 $ 810,425
Ducommun, Inc.      
9.750%, 07/15/2018   300,000 317,250
Dycom Investments, Inc.      
7.125%, 01/15/2021   375,000 388,125
ERAC USA Finance LLC      
2.250%, 01/10/2014 (S)   110,000 110,747
2.750%, 07/01/2013 to 03/15/2017 (S)   175,000 177,615
4.500%, 08/16/2021 (S)   60,000 64,193
5.250%, 10/01/2020 (S)   350,000 391,995
5.800%, 10/15/2012 (S)   507,000 515,028
Euramax International, Inc.      
9.500%, 04/01/2016   400,000 358,000
Experian Finance PLC      
4.750%, 02/04/2020 EUR 100,000 145,150
Fiat Industrial Finance Europe SA      
6.250%, 03/09/2018   425,000 518,944
Florida East Coast Holdings Corp., PIK      
10.500%, 08/01/2017 $ 4,645 3,762
Florida East Coast Railway Corp.      
8.125%, 02/01/2017   225,000 230,625
FTI Consulting, Inc.      
7.750%, 10/01/2016   425,000 440,938
G4S PLC      
7.750%, 05/13/2019 GBP 50,000 96,114
Garda World Security Corp.      
9.750%, 03/15/2017 (S) $ 250,000 265,625
Gategroup Finance Luxembourg SA      
6.750%, 03/01/2019 (S) EUR 200,000 241,736
GATX Corp.      
3.500%, 07/15/2016 $ 440,000 452,529
4.850%, 06/01/2021   410,000 437,691
General Electric Capital Corp.      
2.375%, 06/30/2015   235,000 239,879
Georgian Railway LLC      
9.875%, 07/22/2015   200,000 217,000
Greater Toronto Airports Authority      
6.470%, 02/02/2034 (S) CAD 25,000 32,730
HD Supply, Inc.      
8.125%, 04/15/2019 (S) $ 550,000 573,375
Icahn Enterprises LP      
8.000%, 01/15/2018   975,000 1,032,281
Kansas City Southern de      
Mexico SA de CV      
6.125%, 06/15/2021   275,000 297,688
6.625%, 12/15/2020   150,000 163,875
8.000%, 02/01/2018   350,000 388,500
Kratos Defense & Security Solutions, Inc.      
10.000%, 06/01/2017   525,000 556,500
L-3 Communications Corp.      
4.750%, 07/15/2020   580,000 623,579
6.375%, 10/15/2015   100,000 102,250
Legrand SA      
4.250%, 02/24/2017 EUR 50,000 67,397
MAN SE      
7.250%, 05/20/2016   25,000 37,731
Manpower, Inc.      
4.750%, 06/14/2013   50,000 62,701
Masco Corp.      
5.850%, 03/15/2017 $ 325,000 337,814
6.125%, 10/03/2016   225,000 240,474
Maxim Crane Works LP      
12.250%, 04/15/2015 (S)   200,000 194,000

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
McJunkin Red Man Corp.      
9.500%, 12/15/2016 $ 150,000 $ 160,500
Mead Products LLC / Acco Brands Corp.      
6.750%, 04/30/2020 (S)   275,000 282,563
MPL 2 Acquisition Canco, Inc.      
9.875%, 08/15/2018 (S)   225,000 193,500
National Express Group PLC      
6.250%, 01/13/2017 GBP 50,000 83,093
Nord Anglia Education UK Holdings PLC      
10.250%, 04/01/2017 (S) $ 400,000 408,000
Nortek, Inc.      
8.500%, 04/15/2021   850,000 824,500
10.000%, 12/01/2018   375,000 395,625
Odebrecht Drilling Norbe VIII/IX, Ltd.      
6.350%, 06/30/2021 (S)   98,000 101,185
Odebrecht Finance, Ltd.      
6.000%, 04/05/2023 (S)   200,000 206,500
Oshkosh Corp.      
8.250%, 03/01/2017   275,000 302,156
Owens Corning      
9.000%, 06/15/2019   450,000 551,961
PACCAR Financial Corp.      
1.600%, 03/15/2017   315,000 316,270
Plastipak Holdings, Inc.      
10.625%, 08/15/2019 (S)   175,000 199,063
RBS Global, Inc.      
8.500%, 05/01/2018   175,000 185,938
Rentokil Initial PLC      
5.750%, 03/31/2016 GBP 50,000 81,662
Republic Services, Inc.      
3.550%, 06/01/2022 $ 300,000 304,287
5.700%, 05/15/2041   600,000 687,380
Rolls-Royce PLC      
7.375%, 06/14/2016 GBP 25,000 47,158
Roper Industries, Inc.      
6.250%, 09/01/2019 $ 355,000 425,718
6.625%, 08/15/2013   150,000 158,462
Schaeffler Finance BV      
7.750%, 02/15/2017 (S)   200,000 206,750
8.500%, 02/15/2019 (S)   400,000 420,500
8.750%, 02/15/2019 (S) EUR 100,000 126,741
Securitas AB      
6.500%, 04/02/2013   50,000 64,331
Sequa Corp.      
11.750%, 12/01/2015 (S) $ 325,000 344,906
13.500%, 12/01/2015 (S)   125,000 132,656
Sigma Alimentos SA de CV      
5.625%, 04/14/2018 (S)   300,000 314,250
Southwest Airlines Company      
5.125%, 03/01/2017   385,000 424,235
5.250%, 10/01/2014   190,000 203,642
Spirit Aerosystems, Inc.      
7.500%, 10/01/2017   125,000 133,750
SPX Corp.      
6.875%, 09/01/2017   250,000 272,500
Terex Corp.      
6.500%, 04/01/2020   175,000 174,563
8.000%, 11/15/2017   575,000 585,063
10.875%, 06/01/2016   25,000 28,000
The Manitowoc Company, Inc.      
8.500%, 11/01/2020   175,000 187,688
TransDigm, Inc.      
7.750%, 12/15/2018   475,000 504,688

 

180

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
U.S. Airways 2010-1 Class A Pass      
Through Trust      
6.250%, 04/22/2023 $ 98,222 $ 102,887
Union Pacific Corp.      
4.750%, 09/15/2041   405,000 435,109
United Air Lines, Inc.      
12.000%, 11/01/2013 (S)   100,000 105,125
United Technologies Corp.      
1.200%, 06/01/2015   235,000 237,369
4.500%, 06/01/2042   150,000 161,566
UR Financing Escrow Corp.      
5.750%, 07/15/2018 (S)   250,000 254,375
USG Corp.      
8.375%, 10/15/2018 (S)   50,000 52,000
Valmont Industries, Inc.      
6.625%, 04/20/2020   320,000 381,492
Verisk Analytics, Inc.      
5.800%, 05/01/2021   260,000 292,275
Waste Management, Inc.      
2.600%, 09/01/2016   110,000 114,342
Weatherford International, Ltd.      
4.500%, 04/15/2022   180,000 186,536
WM Finance Corp.      
9.500%, 06/15/2016 (S)   100,000 106,750
Xefin Lux SCA      
8.000%, 06/01/2018 (S) EUR 100,000 113,140
 
      35,436,143
Information Technology - 1.8%      
Advanced Micro Devices, Inc.      
7.750%, 08/01/2020 $ 275,000 294,938
8.125%, 12/15/2017   100,000 107,250
Affiliated Computer Services, Inc.      
5.200%, 06/01/2015   130,000 140,329
Agilent Technologies, Inc.      
2.500%, 07/15/2013   130,000 131,908
5.000%, 07/15/2020   145,000 166,525
Alliance Data Systems Corp.      
6.375%, 04/01/2020 (S)   425,000 422,875
Altera Corp.      
1.750%, 05/15/2017   145,000 146,084
Anixter, Inc.      
10.000%, 03/15/2014   300,000 326,250
Avaya, Inc., PIK      
10.125%, 11/01/2015   375,000 309,375
Broadcom Corp.      
1.500%, 11/01/2013   75,000 75,926
2.375%, 11/01/2015   140,000 145,482
CDW LLC      
8.500%, 04/01/2019   525,000 539,438
12.535%, 10/12/2017   1,425,000 1,524,750
Cisco Systems, Inc.      
5.500%, 02/22/2016   395,000 458,822
CommScope, Inc.      
8.250%, 01/15/2019 (S)   925,000 951,594
Earthlink, Inc.      
8.875%, 05/15/2019   200,000 195,000
Epicor Software Corp.      
8.625%, 05/01/2019   500,000 501,250
Equinix, Inc.      
7.000%, 07/15/2021   800,000 854,000
8.125%, 03/01/2018   325,000 355,063
Fidelity National      
Information Services, Inc.      
7.625%, 07/15/2017 (S)   100,000 108,375

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Information Technology (continued)      
Fidelity National Information      
Services, Inc. (continued)      
7.625%, 07/15/2017 $ 220,000 $ 239,525
7.875%, 07/15/2020   200,000 221,500
First Data Corp.      
7.375%, 06/15/2019 (S)   975,000 975,000
8.875%, 08/15/2020 (S)   75,000 80,063
12.625%, 01/15/2021   2,350,000 2,214,875
Fiserv, Inc.      
3.125%, 06/15/2016   440,000 455,397
Freescale Semiconductor, Inc.      
8.050%, 02/01/2020   75,000 71,250
Hewlett-Packard Company      
2.350%, 03/15/2015   220,000 221,960
2.600%, 09/15/2017   195,000 192,509
2.625%, 12/09/2014   150,000 153,077
3.000%, 09/15/2016   465,000 475,659
4.050%, 09/15/2022   395,000 391,049
4.650%, 12/09/2021   150,000 155,605
Hughes Satellite Systems Corp.      
6.500%, 06/15/2019   475,000 482,125
7.625%, 06/15/2021   475,000 491,625
iGATE Corp.      
9.000%, 05/01/2016   975,000 1,033,500
Jabil Circuit, Inc.      
5.625%, 12/15/2020   145,000 151,888
Lawson Software, Inc.      
9.375%, 04/01/2019 (S)   450,000 463,500
Lender Processing Services, Inc.      
8.125%, 07/01/2016   450,000 468,000
MEMC Electronic Materials, Inc.      
7.750%, 04/01/2019   575,000 363,688
NXP BV      
9.750%, 08/01/2018 (S)   400,000 451,000
Sensata Technologies BV      
6.500%, 05/15/2019 (S)   450,000 451,125
SunGard Data Systems, Inc.      
10.250%, 08/15/2015   75,000 77,063
Telefonaktiebolaget LM Ericsson      
5.000%, 06/24/2013 EUR 50,000 64,277
Tencent Holdings, Ltd.      
4.625%, 12/12/2016 (S) $ 300,000 305,048
Viasat, Inc.      
8.875%, 09/15/2016   150,000 161,063
Xerox Corp.      
1.286%, 05/16/2014 (P)   105,000 104,313
2.950%, 03/15/2017   125,000 126,042
5.650%, 05/15/2013   170,000 176,809
6.350%, 05/15/2018   350,000 411,064
 
      19,384,833
Materials - 3.0%      
AEP Industries, Inc.      
8.250%, 04/15/2019   250,000 256,250
AK Steel Corp.      
7.625%, 05/15/2020   475,000 439,375
Allegheny Technologies, Inc.      
5.950%, 01/15/2021   435,000 490,515
9.375%, 06/01/2019   165,000 211,634
ALROSA Finance SA      
7.750%, 11/03/2020 (S)   325,000 336,375
Anglo American Capital PLC      
2.150%, 09/27/2013 (S)   210,000 211,093
ArcelorMittal      
3.750%, 02/25/2015 to 08/05/2015   590,000 591,657

 

181

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Materials (continued)      
ArcelorMittal (continued)      
4.500%, 02/25/2017 $ 390,000 $ 381,030
5.375%, 06/01/2013   705,000 725,702
9.375%, 06/03/2016 EUR 50,000 71,250
Ball Corp.      
7.375%, 09/01/2019 $ 250,000 273,750
Barrick Gold Finance Company LLC      
6.125%, 09/15/2013   300,000 319,483
Barrick North America Finance LLC      
5.700%, 05/30/2041   665,000 750,571
BHP Billiton Finance USA Ltd.      
1.000%, 02/24/2015   475,000 476,043
Boise Paper Holdings LLC      
8.000%, 04/01/2020   150,000 164,250
9.000%, 11/01/2017   200,000 220,500
Building Materials Corp. of America      
6.750%, 05/01/2021 (S)   325,000 332,313
BWAY Holding Company      
10.000%, 06/15/2018   250,000 275,000
Carpenter Technology Corp.      
5.200%, 07/15/2021   295,000 311,056
Cascades, Inc.      
7.750%, 12/15/2017   350,000 348,250
7.875%, 01/15/2020   700,000 686,000
Celulosa Arauco y Constitucion SA      
4.750%, 01/11/2022 (S)   200,000 203,075
5.000%, 01/21/2021   190,000 197,134
Cemex Espana Luxembourg      
9.875%, 04/30/2019 (S)   692,000 577,820
9.875%, 04/30/2019   150,000 125,250
Cemex Finance LLC      
9.500%, 12/14/2016   100,000 91,750
9.500%, 12/14/2016 (S)   330,000 302,775
Cemex SAB de CV      
5.470%, 09/30/2015 (P) (S)   230,000 190,900
9.000%, 01/11/2018 (S)   100,000 83,000
China Shanshui Cement Group, Ltd.      
8.500%, 05/25/2016   400,000 385,000
8.500%, 05/25/2016 (S)   250,000 240,625
10.500%, 04/27/2017 (S)   200,000 199,000
Clarendon Alumina Production, Ltd.      
8.500%, 11/16/2021   90,476 89,798
Clearwater Paper Corp.      
7.125%, 11/01/2018   150,000 157,875
Corp. Nacional del Cobre de Chile      
3.750%, 11/04/2020 (S)   315,000 328,394
7.500%, 01/15/2019 (S)   130,000 166,005
CRH America, Inc.      
5.300%, 10/15/2013   140,000 146,235
CRH Finance, Ltd.      
7.375%, 05/28/2014 EUR 50,000 68,290
Crown European Holdings SA      
7.125%, 08/15/2018 (S)   150,000 197,995
Domtar Corp.      
9.500%, 08/01/2016 $ 50,000 60,021
Eastman Chemical Company      
2.400%, 06/01/2017   140,000 140,820
Ecolab, Inc.      
2.375%, 12/08/2014   170,000 175,024
3.000%, 12/08/2016   240,000 253,357
Exopack Holding Corp.      
10.000%, 06/01/2018   200,000 203,000
Ferrexpo Finance PLC      
7.875%, 04/07/2016   200,000 178,000

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Materials (continued)      
FMG Resources August 2006 Pty, Ltd.      
6.000%, 04/01/2017 (S) $ 275,000 $ 263,313
7.000%, 11/01/2015 (S)   475,000 475,000
8.250%, 11/01/2019 (S)   750,000 774,375
Graphic Packaging International, Inc.      
7.875%, 10/01/2018   300,000 330,750
9.500%, 06/15/2017   150,000 165,750
Hexion US Finance Corp.      
6.625%, 04/15/2020 (S)   375,000 379,688
8.875%, 02/01/2018   375,000 373,125
9.000%, 11/15/2020   150,000 130,875
Holcim US Finance Sarl & Cie SCS      
6.000%, 12/30/2019 (S)   555,000 587,089
Huntsman International LLC      
8.625%, 03/15/2020 to 03/15/2021   800,000 895,500
Ineos Finance PLC      
8.375%, 02/15/2019 (S)   350,000 359,625
9.000%, 05/15/2015 (S)   200,000 209,500
International Paper Company      
4.750%, 02/15/2022   680,000 726,953
JMC Steel Group      
8.250%, 03/15/2018 (S)   475,000 479,750
Kerling PLC      
10.625%, 02/01/2017 EUR 50,000 55,797
10.625%, 02/01/2017 (S)   225,000 251,087
Koppers, Inc.      
7.875%, 12/01/2019 $ 200,000 213,500
Linde Finance BV      
6.500%, 01/29/2016 GBP 22,000 39,825
LyondellBasell Industries NV      
5.000%, 04/15/2019 (S) $ 350,000 356,125
6.000%, 11/15/2021 (S)   400,000 428,000
Mercer International, Inc.      
9.500%, 12/01/2017   475,000 492,813
Metalloinvest Finance, Ltd.      
6.500%, 07/21/2016 (S)   300,000 293,625
Momentive Performance Materials, Inc.      
9.000%, 01/15/2021   175,000 132,125
11.500%, 12/01/2016   725,000 543,750
Mongolian Mining Corp.      
8.875%, 03/29/2017 (S)   200,000 194,000
New World Resources NV      
7.875%, 05/01/2018 (S) EUR 275,000 313,685
7.875%, 05/01/2018   50,000 57,034
Newcrest Finance Pty, Ltd.      
4.450%, 11/15/2021 (S) $ 565,000 597,579
Novelis, Inc.      
8.750%, 12/15/2020   475,000 502,313
PolyOne Corp.      
7.375%, 09/15/2020   200,000 211,000
Rexam PLC (6.750% to 06/29/2017, then      
3 month EURIBOR + 2.900%)      
06/29/2067 EUR 150,000 177,592
Rhodia SA      
7.000%, 05/15/2018   50,000 68,935
Rio Tinto Finance USA, Ltd.      
8.950%, 05/01/2014 $ 240,000 274,903
Rock-Tenn Company      
4.450%, 03/01/2019 (S)   100,000 102,332
4.900%, 03/01/2022 (S)   220,000 228,267
Ryerson Holding Corp.      
Zero Coupon 02/01/2015 (Z)   2,300,000 1,236,250
Ryerson, Inc.      
12.000%, 11/01/2015   600,000 612,000

 

182

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Materials (continued)      
Severstal Columbus LLC      
10.250%, 02/15/2018 $ 450,000 $ 468,000
Severstal OAO      
6.250%, 07/26/2016   200,000 194,880
6.700%, 10/25/2017 (S)   175,000 171,376
Solutia, Inc.      
7.875%, 03/15/2020   325,000 380,250
8.750%, 11/01/2017   325,000 365,625
Southern Copper Corp.      
7.500%, 07/27/2035   200,000 226,431
Steel Dynamics, Inc.      
7.750%, 04/15/2016   50,000 51,500
Summit Materials LLC      
10.500%, 01/31/2020 (S)   375,000 390,000
Teck Resources, Ltd.      
10.250%, 05/15/2016   80,000 90,352
Tekni-Plex, Inc.      
9.750%, 06/01/2019 (S)   225,000 223,313
Texas Industries, Inc.      
9.250%, 08/15/2020   300,000 294,750
The Dow Chemical Company      
2.500%, 02/15/2016   585,000 602,489
8.550%, 05/15/2019   440,000 582,306
Thompson Creek Metals Company, Inc.      
7.375%, 06/01/2018   225,000 185,625
United States Steel Corp.      
7.500%, 03/15/2022   325,000 315,250
Votorantim Cimentos SA      
5.250%, 04/28/2017 (S) EUR 50,000 65,071
7.250%, 04/05/2041 (S) $ 840,000 816,900
Vulcan Materials Company      
7.500%, 06/15/2021   425,000 459,000
West China Cement, Ltd.      
7.500%, 01/25/2016   200,000 171,500
7.500%, 01/25/2016 (S)   200,000 171,500
 
      32,393,188
Telecommunication Services - 3.7%      
America Movil SAB de CV      
2.375%, 09/08/2016   600,000 605,651
3.625%, 03/30/2015   150,000 158,987
4.125%, 10/25/2019 EUR 100,000 135,916
5.625%, 11/15/2017 $ 430,000 498,898
8.460%, 12/18/2036 MXN 1,000,000 67,654
American Tower Corp.      
4.625%, 04/01/2015 $ 380,000 403,483
4.700%, 03/15/2022   595,000 618,133
7.250%, 05/15/2019   355,000 419,622
Ameritech Capital Funding, Inc.      
6.550%, 01/15/2028   130,000 152,006
AT&T, Inc.      
0.875%, 02/13/2015   175,000 174,430
5.550%, 08/15/2041   995,000 1,169,740
5.875%, 04/28/2017 GBP 50,000 89,338
6.700%, 11/15/2013 $ 250,000 272,272
Bell Canada      
5.000%, 02/15/2017 (S) CAD 30,000 31,901
British Telecommunications PLC      
5.150%, 01/15/2013 $ 250,000 256,420
6.500%, 07/07/2015 EUR 50,000 71,015
8.625%, 03/26/2020 GBP 40,000 81,758
CC Holdings GS V LLC      
7.750%, 05/01/2017 (S) $ 525,000 564,375
CenturyLink, Inc.      
7.875%, 08/15/2012   115,000 116,416

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Telecommunication Services (continued)      
Cincinnati Bell, Inc.      
7.000%, 02/15/2015 $ 450,000 $ 456,750
Clear Channel Worldwide Holdings, Inc.      
7.625%, 03/15/2020 (S)   1,150,000 1,098,250
Cricket Communications, Inc.      
7.750%, 05/15/2016 to 10/15/2020   1,400,000 1,309,000
10.000%, 07/15/2015   150,000 153,375
Crown Castle Towers LLC      
4.523%, 01/15/2015 (S)   333,000 350,028
6.113%, 01/15/2020 (S)   240,000 280,623
Deutsche Telekom      
International Finance BV      
6.000%, 01/20/2017 EUR 30,000 44,001
7.125%, 09/26/2012 GBP 30,000 47,014
Digicel Group, Ltd.      
10.500%, 04/15/2018 (S) $ 900,000 918,000
Digicel, Ltd.      
8.250%, 09/01/2017   200,000 201,000
8.250%, 09/01/2017 (S)   375,000 376,875
Discovery Communications LLC      
3.700%, 06/01/2015   445,000 472,999
Eileme 2 AB      
11.625%, 01/31/2020 (S)   850,000 833,000
Eutelsat SA      
4.125%, 03/27/2017 EUR 100,000 132,523
France Telecom SA      
8.000%, 12/20/2017 GBP 15,000 28,914
GCI, Inc.      
6.750%, 06/01/2021 $ 275,000 270,875
Goodman Networks, Inc.      
12.125%, 07/01/2018 (S)   300,000 303,000
GTP Acquisition Partners I LLC      
4.347%, 06/15/2016 (S)   275,000 288,078
7.628%, 06/15/2016 (S)   375,000 390,821
Intelsat Jackson Holdings SA      
7.250%, 04/01/2019 to 10/15/2020   550,000 547,906
7.250%, 10/15/2020 (S)   75,000 74,438
8.500%, 11/01/2019   280,000 305,900
Intelsat Luxembourg SA      
11.250%, 02/04/2017   1,650,000 1,621,125
Intelsat Luxembourg SA, PIK      
11.500%, 02/04/2017 (S)   750,000 729,375
11.500%, 02/04/2017   150,000 147,375
ITC Deltacom, Inc.      
10.500%, 04/01/2016   75,000 78,938
Koninklijke KPN NV      
4.750%, 01/17/2017 EUR 80,000 109,712
Level 3 Communications, Inc.      
11.875%, 02/01/2019 $ 350,000 375,375
Level 3 Financing, Inc.      
8.625%, 07/15/2020 (S)   550,000 561,000
8.750%, 02/15/2017   200,000 206,500
9.375%, 04/01/2019   475,000 504,688
MetroPCS Wireless, Inc.      
6.625%, 11/15/2020   450,000 435,375
7.875%, 09/01/2018   850,000 858,500
Nextel Communications, Inc.      
7.375%, 08/01/2015   425,000 415,438
Nielsen Finance LLC      
11.625%, 02/01/2014   163,000 185,209
NII Capital Corp.      
7.625%, 04/01/2021   525,000 441,000
8.875%, 12/15/2019   307,000 283,975
10.000%, 08/15/2016   65,000 67,600

 

183

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Telecommunication Services (continued)      
Oi SA      
9.750%, 09/15/2016 (S) BRL 300,000 $ 157,672
PAETEC Holding Corp.      
8.875%, 06/30/2017 $ 325,000 349,375
9.875%, 12/01/2018   175,000 192,063
Qwest Corp.      
7.500%, 10/01/2014   175,000 196,022
Rogers Communications, Inc.      
5.380%, 11/04/2019 CAD 25,000 27,251
Sable International Finance, Ltd.      
7.750%, 02/15/2017 (S) $ 250,000 253,750
8.750%, 02/01/2020 (S)   200,000 207,000
Satmex Escrow SA de CV      
9.500%, 05/15/2017   575,000 598,000
SBA Telecommunications, Inc.      
8.000%, 08/15/2016   16,000 17,080
8.250%, 08/15/2019   98,000 106,330
SBA Tower Trust      
4.254%, 04/15/2015 (S)   280,000 293,153
Sprint Nextel Corp.      
7.000%, 03/01/2020 (S)   525,000 528,938
9.000%, 11/15/2018 (S)   1,370,000 1,483,025
9.125%, 03/01/2017 (S)   600,000 595,500
11.500%, 11/15/2021 (S)   325,000 342,875
Sunrise Communications International SA      
7.000%, 12/31/2017 (S) EUR 100,000 129,833
Syniverse Holdings, Inc.      
9.125%, 01/15/2019 $ 625,000 670,313
TDC A/S      
3.500%, 02/23/2015 EUR 100,000 130,623
Telecom Italia Capital SA      
5.250%, 11/15/2013 $ 1,035,000 1,029,825
6.175%, 06/18/2014   375,000 373,125
Telecom Italia SpA      
5.250%, 02/10/2022 EUR 50,000 56,880
8.250%, 03/21/2016   50,000 68,919
Telefonica Emisiones SAU      
2.582%, 04/26/2013 $ 200,000 197,266
3.661%, 09/18/2017 EUR 150,000 169,162
3.992%, 02/16/2016 $ 415,000 383,014
4.693%, 11/11/2019 EUR 50,000 57,016
5.375%, 02/02/2018 GBP 50,000 71,154
5.855%, 02/04/2013 $ 170,000 170,751
5.877%, 07/15/2019   70,000 65,389
6.221%, 07/03/2017   200,000 192,912
Telekom Finanzmanagement GmbH      
6.375%, 01/29/2016 EUR 46,000 65,021
Telemar Norte Leste SA      
5.125%, 12/15/2017   100,000 127,978
Telesat Canada      
11.000%, 11/01/2015 $ 500,000 528,700
12.500%, 11/01/2017   600,000 670,500
Telstra Corp. Ltd.      
6.125%, 08/06/2014 GBP 10,000 16,773
TELUS Corp.      
4.950%, 03/15/2017 CAD 25,000 26,606
TPSA Eurofinance France SA      
6.000%, 05/22/2014 EUR 100,000 133,715
Trilogy International Partners LLC      
10.250%, 08/15/2016 (S) $ 25,000 20,625
TVN Finance Corp II AB      
10.750%, 11/15/2017 EUR 100,000 126,123
UPCB Finance V, Ltd.      
7.250%, 11/15/2021 (S) $ 450,000 454,500

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Telecommunication Services (continued)      
UPCB Finance VI, Ltd.      
6.875%, 01/15/2022 (S) $ 325,000 $ 319,313
UPCB Finance, Ltd.      
7.625%, 01/15/2020 (S) EUR 275,000 349,389
Verizon Virginia, Inc.      
4.625%, 03/15/2013 $ 505,000 520,315
Vimpel Communications      
7.748%, 02/02/2021   800,000 747,424
VimpelCom Holdings BV      
7.504%, 03/01/2022 (S)   600,000 544,116
VIP Finance Ireland, Ltd.      
7.748%, 02/02/2021 (S)   475,000 443,783
Vivendi SA      
2.400%, 04/10/2015 (S)   195,000 193,309
3.450%, 01/12/2018 (S)   595,000 573,450
4.875%, 12/02/2019 EUR 100,000 133,003
Vodafone Group PLC      
8.125%, 11/26/2018 GBP 50,000 100,969
West Corp.      
7.875%, 01/15/2019 $ 300,000 300,750
8.625%, 10/01/2018   650,000 677,625
Wind Acquisition Finance SA      
7.250%, 02/15/2018 (S)   600,000 513,000
11.750%, 07/15/2017 (S)   525,000 446,250
11.750%, 07/15/2017 EUR 100,000 102,320
Wind Acquisition Holdings Finance SA      
12.250%, 07/15/2017 (S)   50,000 46,369
12.250%, 07/15/2017 $ 250,000 185,000
Wind Acquisition Holdings Finance SA,      
PIK      
12.250%, 07/15/2017 (S)   213,407 157,921
Windstream Corp.      
7.875%, 11/01/2017   1,075,000 1,144,875
 
      40,576,508
Utilities - 2.7%      
Abu Dhabi National Energy Company      
5.620%, 10/25/2012 (S)   380,000 385,700
AES Andres Dominicana Ltd.      
9.500%, 11/12/2020   200,000 207,000
AGL Capital Corp.      
5.250%, 08/15/2019   300,000 349,280
Allegheny Energy Supply Company LLC      
6.750%, 10/15/2039 (S)   330,000 356,162
AmeriGas Finance LLC      
6.750%, 05/20/2020   225,000 221,625
7.000%, 05/20/2022   875,000 857,500
Appalachian Power Company      
6.375%, 04/01/2036   115,000 145,382
Black Hills Corp.      
6.500%, 05/15/2013   145,000 151,090
9.000%, 05/15/2014   115,000 127,664
Calpine Corp.      
7.500%, 02/15/2021 (S)   675,000 705,375
7.875%, 07/31/2020 (S)   475,000 503,500
Centrais Eletricas Brasileiras SA      
5.750%, 10/27/2021 (S)   960,000 1,020,000
Centrais Eletricas do Para SA      
10.500%, 06/03/2016 (H) (S)   200,000 60,023
Centrica PLC      
5.125%, 12/10/2014 GBP 50,000 83,788
7.125%, 12/09/2013 EUR 50,000 67,340
CEZ AS      
5.000%, 10/19/2021   50,000 72,353
5.750%, 05/26/2015   50,000 69,302

 

184

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Utilities (continued)      
China Resources Gas Group Ltd.      
4.500%, 04/05/2022 (S) $ 200,000 $ 197,264
Cia de Saneamento Basico do Estado de      
Sao Paulo      
6.250%, 12/16/2020 (S)   200,000 210,500
CMS Energy Corp.      
5.050%, 03/15/2022   200,000 207,829
6.250%, 02/01/2020   105,000 115,923
8.750%, 06/15/2019   100,000 123,527
Comision Federal De Electricidad      
5.750%, 02/14/2042 (S)   700,000 710,500
Commonwealth Edison Company      
1.625%, 01/15/2014   250,000 253,674
1.950%, 09/01/2016   80,000 82,097
Constellation Energy Group, Inc.      
5.150%, 12/01/2020   510,000 562,669
Dominion Resources, Inc.      
1.950%, 08/15/2016   130,000 132,305
DPL, Inc.      
6.500%, 10/15/2016 (S)   250,000 266,250
7.250%, 10/15/2021 (S)   950,000 1,033,125
DTE Energy Company      
1.167%, 06/03/2013 (P)   185,000 185,244
Dubai Electricity & Water Authority      
7.375%, 10/21/2020 (S)   100,000 105,200
Duke Energy Corp.      
2.150%, 11/15/2016   290,000 298,554
E.CL SA      
5.625%, 01/15/2021 (S)   100,000 108,175
E.ON International Finance BV      
5.500%, 01/19/2016 EUR 80,000 113,455
6.000%, 10/30/2019 GBP 50,000 93,877
Eastern Power Networks PLC      
5.750%, 03/08/2024   20,000 36,066
EDF SA      
4.600%, 01/27/2020 (S) $ 300,000 322,580
6.250%, 01/25/2021 EUR 50,000 77,473
6.875%, 12/12/2022 GBP 50,000 96,026
EDP Finance BV      
5.375%, 11/02/2012 (S) $ 305,000 305,763
Empresa de Energia de Bogota SA      
6.125%, 11/10/2021 (S)   400,000 413,000
Enel Finance International NV      
3.875%, 10/07/2014 (S)   250,000 247,900
5.125%, 10/07/2019 (S)   380,000 359,274
Enel SpA      
5.250%, 01/14/2015 EUR 55,000 70,329
ENN Energy Holdings, Ltd.      
6.000%, 05/13/2021 (S) $ 200,000 201,365
Enogex LLC      
6.250%, 03/15/2020 (S)   175,000 198,954
EQT Corp.      
8.125%, 06/01/2019   475,000 568,770
Eskom Holdings, Ltd.      
5.750%, 01/26/2021   200,000 209,000
5.750%, 01/26/2021 (S)   768,000 802,560
Exelon Generation Company LLC      
6.250%, 10/01/2039   335,000 399,991
Ferrellgas LP      
6.500%, 05/01/2021   1,050,000 939,750
9.125%, 10/01/2017   100,000 103,500
FirstEnergy Corp.      
7.375%, 11/15/2031   55,000 70,181
FirstEnergy Solutions Corp.      
4.800%, 02/15/2015   320,000 342,527

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Florida Gas Transmission Company LLC      
4.000%, 07/15/2015 (S) $ 75,000 $ 79,157
Foresight Energy LLC      
9.625%, 08/15/2017 (S)   625,000 628,125
Gas Natural Capital Markets SA      
4.125%, 01/26/2018 EUR 50,000 56,943
5.250%, 07/09/2014   100,000 126,086
GDF Suez      
5.625%, 01/18/2016   75,000 106,045
GenOn Energy, Inc.      
7.875%, 06/15/2017 $ 75,000 66,375
9.500%, 10/15/2018   925,000 860,250
Georgia Power Company      
1.300%, 09/15/2013   200,000 201,738
Great Plains Energy, Inc.      
2.750%, 08/15/2013   160,000 162,613
Hydro One Inc.      
5.360%, 05/20/2036 CAD 25,000 29,808
Iberdrola Finance Ireland, Ltd.      
3.800%, 09/11/2014 (S) $ 555,000 547,444
Ipalco Enterprises, Inc.      
5.000%, 05/01/2018   85,000 83,725
Israel Electric Corp., Ltd.      
9.375%, 01/28/2020   250,000 283,946
Korea Hydro & Nuclear Power      
Company, Ltd.      
3.125%, 09/16/2015 (S)   495,000 503,641
LG&E and KU Energy LLC      
2.125%, 11/15/2015   160,000 160,142
Majapahit Holding BV      
7.750%, 01/20/2020   550,000 627,000
8.000%, 08/07/2019 (S)   100,000 115,250
Massachusetts Electric Company      
5.900%, 11/15/2039 (S)   290,000 382,632
Mississippi Power Company      
2.350%, 10/15/2016   80,000 83,681
Monongahela Power Company      
5.700%, 03/15/2017 (S)   45,000 51,857
National Grid Gas PLC      
6.000%, 06/07/2017 GBP 20,000 36,417
National Grid PLC      
5.000%, 07/02/2018 EUR 62,000 89,867
6.500%, 04/22/2014   50,000 67,938
National Power Corp.      
6.875%, 11/02/2016 $ 100,000 114,000
9.625%, 05/15/2028   135,000 189,000
Nevada Power Company      
6.650%, 04/01/2036   210,000 287,091
6.750%, 07/01/2037   245,000 339,038
NiSource Finance Corp.      
5.400%, 07/15/2014   205,000 222,193
5.950%, 06/15/2041   215,000 249,598
6.150%, 03/01/2013   43,000 44,550
6.250%, 12/15/2040   185,000 216,889
10.750%, 03/15/2016   185,000 238,269
Northeast Utilities      
5.650%, 06/01/2013   370,000 387,391
Northumbrian Water Finance PLC      
6.000%, 10/11/2017 GBP 10,000 18,070
NRG Energy, Inc.      
7.625%, 01/15/2018 $ 225,000 224,438
NV Energy, Inc.      
6.250%, 11/15/2020   30,000 32,946
Ohio Power Company      
5.750%, 09/01/2013   95,000 100,521

 

185

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Oncor Electric Delivery Company LLC      
4.550%, 12/01/2041 (S) $ 275,000 $ 258,153
ONEOK, Inc.      
4.250%, 02/01/2022   225,000 236,454
Pennsylvania Electric Company      
6.150%, 10/01/2038   240,000 290,282
Piedmont Natural Gas Company, Inc.      
6.000%, 12/19/2033   15,000 18,493
PNM Resources, Inc.      
9.250%, 05/15/2015   187,000 216,453
PPL WEM Holdings PLC      
3.900%, 05/01/2016 (S)   425,000 447,927
PSEG Power LLC      
2.750%, 09/15/2016   85,000 87,911
Public Service Company of Oklahoma      
5.150%, 12/01/2019   205,000 238,848
RusHydro Finance, Ltd.      
7.875%, 10/28/2015 RUB 7,300,000 209,978
RWE Finance BV      
6.375%, 06/03/2013 GBP 30,000 48,373
6.625%, 01/31/2019 EUR 50,000 78,714
Scottish Power UK PLC      
8.375%, 02/20/2017 GBP 20,000 37,926
Sempra Energy      
1.234%, 03/15/2014 (P) $ 285,000 285,029
Severn Trent Utilities Finance PLC      
5.250%, 03/11/2016 EUR 65,000 91,277
6.125%, 02/26/2024 GBP 14,000 26,591
Sierra Pacific Power Company      
5.450%, 09/01/2013 $ 190,000 200,100
Southern Company      
1.950%, 09/01/2016   115,000 117,632
Southwest Gas Corp.      
3.875%, 04/01/2022   190,000 201,789
Talent Yield Investments Ltd.      
4.500%, 04/25/2022 (S)   700,000 701,634
Tampa Electric Company      
6.150%, 05/15/2037   100,000 134,758
TECO Finance, Inc.      
5.150%, 03/15/2020   325,000 373,867
6.572%, 11/01/2017   37,000 44,032
The AES Corp.      
7.375%, 07/01/2021 (S)   500,000 540,000
Veolia Environnement SA      
5.125%, 05/24/2022 EUR 40,000 55,717
5.250%, 06/03/2013 $ 155,000 160,220
5.375%, 05/28/2018 EUR 35,000 49,748
Westar Energy, Inc.      
5.100%, 07/15/2020 $ 65,000 77,494
 
      29,192,335
TOTAL CORPORATE BONDS (Cost $426,351,149) $ 437,325,268
 
CAPITAL PREFERRED SECURITIES - 0.2%    
Consumer Staples - 0.1%      
Land O’Lakes Capital Trust I      
7.450%, 03/15/2028 (S)   450,000 426,375
Financials - 0.1%      
JPMorgan Chase Capital XXVII      
7.000%, 11/01/2039   450,000 450,395
JPMorgan Chase Capital XVIII      
6.950%, 08/17/2036   115,000 115,863
JPMorgan Chase Capital XXII      
6.450%, 02/02/2037   145,000 143,190

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CAPITAL PREFERRED SECURITIES (continued)  
Financials (continued)      
PNC Financial Services Group, Inc.      
(6.750% to 08/01/2021, then 3 month      
LIBOR + 3.678%)      
08/01/2021 (Q) $ 510,000 $ 527,876
USB Capital XIII Trust      
6.625%, 12/15/2039   75,000 77,071
 
      1,314,395
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $1,691,704)   $ 1,740,770
 
MUNICIPAL BONDS - 0.8%      
Bay Area Toll Authority (California)      
6.263%, 04/01/2049   200,000 278,840
Chicago Metropolitan Water Reclamation      
District (Illinois)      
5.720%, 12/01/2038   165,000 213,358
Chicago Transit Authority, Series A      
(Illinois)      
6.899%, 12/01/2040   245,000 298,062
City of Chicago (Illinois)      
6.395%, 01/01/2040   150,000 197,240
City of Houston (Texas)      
5.000%, 03/01/2023   165,000 203,333
5.000%, 03/01/2024   170,000 207,273
City of New York (New York)      
6.271%, 12/01/2037   115,000 157,651
5.846%, 06/01/2040   205,000 243,097
5.000%, 04/01/2024   295,000 355,024
Commonwealth of Massachusetts      
5.250%, 09/01/2024   200,000 259,858
4.500%, 08/01/2031   190,000 221,006
Commonwealth of Pennsylvania      
5.000%, 01/01/2018   240,000 246,698
5.000%, 06/01/2024   410,000 507,687
District of Columbia      
5.250%, 12/01/2034   200,000 240,536
5.591%, 12/01/2034   40,000 53,326
East Bay Municipal Utility District      
(California)      
5.874%, 06/01/2040   135,000 183,288
Florida Hurricane Catastrophe Fund      
Finance Corp.      
1.019%, 10/15/2012 (P)   440,000 440,136
Guam Power Authority      
7.500%, 10/01/2015   110,000 113,850
Kansas Development Finance Authority      
5.501%, 05/01/2034   120,000 144,967
Los Angeles Department of Airports      
(California)      
7.053%, 05/15/2040   185,000 254,878
Maryland State Transportation Authority      
5.888%, 07/01/2043   125,000 172,939
Metropolitan Transportation Authority      
(New York)      
7.336%, 11/15/2039   55,000 82,587
New York City Housing      
Development Corp. (New York)      
6.420%, 11/01/2027   50,000 51,181
New York City Municipal Water Finance      
Authority (New York)      
5.952%, 06/15/2042   95,000 126,234

 

186

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
MUNICIPAL BONDS (continued)      
New York City Transitional Finance      
Authority Future Tax Secured Revenue      
(New York)      
5.000%, 11/01/2024 $ 110,000 $ 134,058
5.000%, 02/01/2025   105,000 125,572
Regional Transportation District      
(Colorado)      
5.000%, 11/01/2038   195,000 218,726
Salt River Project Agricultural      
Improvement & Power District      
(Arizona)      
4.839%, 01/01/2041   155,000 192,299
San Diego County Water Authority      
(California)      
6.138%, 05/01/2049   100,000 135,412
South Carolina State Public Service      
Authority      
4.322%, 12/01/2027   260,000 277,046
State of Hawaii      
5.000%, 12/01/2023   380,000 465,546
State of Oregon      
5.892%, 06/01/2027   60,000 76,958
State of Washington      
5.000%, 07/01/2024   185,000 227,104
Texas Transportation Commission      
5.178%, 04/01/2030   240,000 298,534
Tobacco Settlement Finance Authority      
(West Virginia)      
7.467%, 06/01/2047   67,500 50,438
Tompkins County Industrial Development      
Agency (New York)      
5.000%, 07/01/2037   195,000 220,414
Utah Transit Authority      
5.937%, 06/15/2039   135,000 186,041
Virginia Commonwealth Transportation      
Board      
5.350%, 05/15/2035   35,000 44,385
Virginia Public Building Authority      
5.900%, 08/01/2030   205,000 274,358
Virginia Public School Authority      
5.000%, 08/01/2023   260,000 325,801
TOTAL MUNICIPAL BONDS (Cost $7,674,120) $ 8,505,741
 
TERM LOANS (M) - 1.4%      
Consumer Discretionary - 0.4%      
Academy, Ltd.      
6.000%, 08/03/2018   199,500 199,249
Alpha D2, Ltd.      
5.750%, 04/28/2017   1,000,000 994,821
Caesars Entertainment Operating      
Company, Inc.      
9.500%, 10/31/2016   844,412 854,029
Charter Communications Operating LLC      
3.720%, 09/06/2016   114,854 113,131
Claire’s Stores, Inc.      
3.057%, 05/29/2014   498,467 463,915
Jo-Ann Stores, Inc.      
4.750%, 03/16/2018   350,000 347,958
KAR Auction Services, Inc.      
5.000%, 05/19/2017   277,900 277,292
The ServiceMaster Company      
2.740%, 07/24/2014   22,086 21,502
2.795%, 07/24/2014   221,789 215,921
TWCC Holding Corp.      
4.250%, 02/13/2017   234,779 233,018

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
TERM LOANS (M) (continued)      
Consumer Discretionary (continued)      
Univision Communications, Inc.      
4.489%, 03/31/2017 $ 297,363 $ 272,570
 
      3,993,406
Consumer Staples - 0.0%      
Del Monte Corp.      
4.500%, 03/08/2018   213,388 208,853
Dunkin’ Brands, Inc.      
4.000%, 11/23/2017   210,708 208,261
 
      417,114
Financials - 0.3%      
Asurion Corp.      
9.000%, 05/24/2019   750,000 752,143
9.000%, 05/24/2019   450,000 451,286
Capital Automotive LP      
5.250%, 03/10/2017   473,214 465,327
Lone Star Intermediate Super      
Holdings LLC      
- 09/02/2019 (T)   300,000 307,500
Nuveen Investments, Inc.      
5.968%, 05/12/2017   321,454 317,633
5.968%, 05/13/2017   328,945 323,805
8.250%, 02/28/2019   700,000 704,813
 
      3,322,507
Health Care - 0.1%      
Biomet, Inc.      
3.375%, 03/25/2015   197,416 192,727
HCA, Inc.      
3.489%, 05/01/2018   579,981 561,767
Kinetic Concepts, Inc.      
7.000%, 05/04/2018   523,688 527,148
Universal Health Services, Inc.      
3.750%, 11/15/2016   147,041 146,085
Warner Chilcott Company LLC      
4.250%, 03/15/2018   113,143 112,238
4.250%, 03/15/2018   56,571 56,119
4.250%, 03/15/2018   77,786 77,163
 
      1,673,247
Industrials - 0.2%      
AWAS Aviation Capital, Ltd.      
5.250%, 06/10/2016   491,489 489,646
Delta Air Lines, Inc.      
5.500%, 04/20/2017   375,000 373,711
Fram Group Holdings, Inc.      
6.500%, 07/28/2017   149,000 144,158
10.500%, 01/29/2018   325,000 295,750
Generac Acquisition Corp.      
- 06/09/2018 (T)   350,000 346,500
HD Supply, Inc.      
7.250%, 10/12/2017   1,175,000 1,180,875
 
      2,830,640
Information Technology - 0.1%      
First Data Corp.      
5.239%, 03/24/2017   941,095 890,118
Materials - 0.1%      
Anchor Glass Container Corp.      
6.000%, 03/02/2016   195,871 194,647
Global Brass and Copper, Inc.      
10.500%, 08/18/2015   296,078 303,479
Ineos US Finance LLC      
- 04/27/2018 (T)   475,000 465,144

 

187

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
TERM LOANS (M) (continued)      
Materials (continued)      
Sealed Air Corp.      
4.750%, 10/03/2018 $ 147,375 $ 147,713
      1,110,983
Telecommunication Services - 0.1%      
Atlantic Broadband Finance LLC      
- 04/04/2019 (T)   350,000 348,338
Intelsat Jackson Holdings SA      
5.250%, 04/02/2018   247,500 245,025
 
      593,363
Utilities - 0.1%      
GenOn Energy, Inc.      
6.000%, 12/01/2017   475,000 467,638
NRG Energy, Inc.      
4.000%, 07/02/2018   148,875 147,200
 
      614,838
TOTAL TERM LOANS (Cost $15,417,142)   $ 15,446,216
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 2.6%      
Commercial & Residential - 2.3%      
Adjustable Rate Mortgage Trust,      
Series 2005-8, Class 7A-31      
0.479%, 11/25/2035 (P)   12,473 11,837
American Tower Trust, Series 2007-1A,      
Class D 5.957%, 04/15/2037 (S)   350,000 366,718
Banc of America Funding Corp.      
Series 2005-A 5A1,      
0.540%, 02/20/2035 (P)   8,928 7,123
Series BAFC 2005-B 2A1,      
3.117%, 04/20/2035 (P)   235,965 182,352
Banc of America Merrill Lynch      
Commercial Mortgage, Inc.      
Series 2005-3, Class A2,      
4.501%, 07/10/2043   122,786 122,724
Series 2005-3, Class A4,      
4.668%, 07/10/2043   85,000 92,376
Series 2007-1, Class AAB,      
5.422%, 01/15/2049   277,394 294,084
Series 2007-5, Class A4,      
5.492%, 02/10/2051   960,000 1,082,760
Series 2007-4, Class A4,      
5.726%, 02/10/2051 (P)   145,000 164,670
Series 2008-1, Class A4,      
6.205%, 02/10/2051 (P)   730,000 847,622
Banc of America Mortgage Securities      
Series 2004-I, Class 3A2,      
2.756%, 10/25/2034 (P)   21,864 21,855
Series 2004-H, Class 2A2,      
2.760%, 09/25/2034 (P)   94,113 84,958
Series 2005-J, Class 2A1,      
2.792%, 11/25/2035 (P)   234,871 182,161
Series 2004-A, Class 2A2,      
2.966%, 02/25/2034 (P)   69,182 63,334
Series 2004-D, Class 2A2,      
3.117%, 05/25/2034 (P)   39,420 36,013
Series 2005-J, Class 3A1,      
5.225%, 11/25/2035 (P)   173,524 151,910
Bear Stearns Commercial      
Mortgage Securities      
Series 2005-PWR8, Class A4,      
4.674%, 06/11/2041   310,000 335,643
Series 2005-PWR9, Class AAB,      
4.804%, 09/11/2042   232,100 241,296

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Bear Stearns Commercial Mortgage      
Securities (continued)      
Series 2002-TOP8, Class A2,      
4.830%, 08/15/2038 $ 183,879 $ 184,689
Series 2005-PWR9, Class A4A,      
4.871%, 09/11/2042   1,170,000 1,283,153
Series 2005-PWR7, Class A3,      
5.116%, 02/11/2041 (P)   363,000 393,987
Series 2004-T14, Class A4,      
5.200%, 01/12/2041 (P)   65,000 68,718
Series 2007-PW15, Class AAB,      
5.315%, 02/11/2044   483,990 504,219
Series 2006-PW3, Class A4,      
5.540%, 09/11/2041   628,000 709,967
Citicorp Mortgage Securities, Inc.,      
Series 2003-11, Class 2A10      
5.500%, 12/25/2033   46,681 47,124
Citigroup Commercial Mortgage Trust,      
Series 2004-C1, Class A4      
5.361%, 04/15/2040 (P)   115,000 122,724
Citigroup/Deutsche Bank      
Commercial Mortgage Trust      
Series 2007-CD4, Class ASB,      
5.278%, 12/11/2049   43,626 45,673
Series 2006-CD3, Class AAB,      
5.608%, 10/15/2048   228,172 235,148
Commercial Mortgage Loan Trust,      
Series 2008-LS1, Class A3      
6.004%, 12/10/2049 (P)   1,225,000 1,224,670
Commercial Mortgage Pass      
Through Certificates      
Series 2012-LC4, Class A1,      
1.156%, 12/10/2044   58,022 58,098
Series 2005-C6, Class A5B,      
5.167%, 06/10/2044 (P)   45,000 47,458
Series 2004-LB3A, Class A5,      
5.358%, 07/10/2037 (P)   490,000 524,216
Series 2007-C9, Class A4,      
5.812%, 12/10/2049 (P)   1,320,000 1,518,562
Credit Suisse Mortgage      
Capital Certificates      
Series 2006-C5, Class A3,      
5.311%, 12/15/2039   660,000 727,333
Series 2008-C1, Class A3,      
6.204%, 02/15/2041 (P)   210,000 231,321
DB-UBS Mortgage Trust,      
Series 2011-LC3A, Class A2      
3.642%, 08/10/2044   360,000 386,242
Fosse Master Issuer PLC      
Series 2012-1A, Class 3A1,      
1.827%, 10/18/2054 (P) (S)   210,000 210,000
Series 2011-1A, Class A2,      
1.866%, 10/18/2054 (P) (S)   720,000 724,902
Series 2011-1A, Class A5,      
1.966%, 10/18/2054 (P) (S)   200,000 201,324
GMAC Commercial Mortgage      
Securities, Inc., Series 2003-C1,      
Class A2 4.079%, 05/10/2036   175,432 177,467
Greenwich Capital      
Commercial Funding Corp.      
Series 2005-GG3, Class A2,      
4.305%, 08/10/2042   41,496 41,474
Series 2005-GG3, Class A3,      
4.569%, 08/10/2042   250,000 253,774

 

188

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Greenwich Capital Commercial      
Funding Corp. (continued)      
Series 2005-GG3, Class AAB,      
4.619%, 08/10/2042 $ 76,803 $ 78,415
Series 2007-GG9, Class A4,      
5.444%, 03/10/2039   485,000 529,057
GS Mortgage Securities Corp. II,      
Series 2006-GG6, Class A4      
5.553%, 04/10/2038 (P)   185,000 204,434
Holmes Master Issuer PLC      
Series 2012-1A, Class A2,      
2.117%, 10/15/2054 (P) (S)   795,000 803,647
Series 2012-3A, Class B1,      
2.466%, 10/15/2054 (P)   250,000 250,000
JP Morgan Chase Commercial      
Mortgage Securities Corp.      
Series 2012-C6, Class A1,      
1.031%, 05/15/2045   39,501 39,471
Series 2004-PNC1, Class A4,      
5.355%, 06/12/2041 (P)   115,000 122,361
Series 2007-CB19, Class A4,      
5.735%, 02/12/2049 (P)   560,000 628,988
JPMorgan Chase Commercial      
Mortgage Securities Corp.      
Series 2011-C4, Class A1,      
1.525%, 07/15/2046 (S)   81,230 81,725
Series 2011-C3A, Class A1,      
1.875%, 02/15/2046 (S)   98,724 99,430
Series 2004-C1, Class A3,      
4.719%, 01/15/2038   125,000 129,693
Series 2005-LDP4, Class ASB,      
4.824%, 10/15/2042 (P)   321,628 333,683
Series 2004-CBX, Class A6,      
4.899%, 01/12/2037   120,000 128,359
Series 2006-LDP9, Class A3,      
5.336%, 05/15/2047   1,345,000 1,460,162
Series 2007-C1, Class A4,      
5.716%, 02/15/2051   920,000 1,029,578
LB-UBS Commercial Mortgage Trust      
Series 2003-C7, Class A3,      
4.559%, 09/15/2027 (P)   467,977 469,672
Series 2003-C8, Class A3,      
4.830%, 11/15/2027   204,065 206,464
Series 2005-C5, Class A4,      
4.954%, 09/15/2030   50,000 54,791
Series 2006-C7, Class A3,      
5.347%, 11/15/2038   311,000 348,093
Series 2007-C1, Class A4,      
5.424%, 02/15/2040   195,000 219,188
Series 2007-C2, Class A3,      
5.430%, 02/15/2040   175,000 191,578
Series 2008-C1, Class AM,      
6.159%, 04/15/2041 (P)   65,000 66,796
Merrill Lynch Mortgage Trust      
Series 2006-C2, Class AM,      
5.782%, 08/12/2043 (P)   45,000 45,989
Series 2007-C1, Class A4,      
5.847%, 06/12/2050 (P)   815,000 900,868
Morgan Stanley Capital I      
Series 2012-C4, Class A2,      
2.111%, 03/15/2045   155,000 156,861
Series 2003-IQ4, Class A2,      
4.070%, 05/15/2040   376,603 382,988

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Morgan Stanley Capital I (continued)      
Series 2005-T17, Class A5,      
4.780%, 12/13/2041 $ 70,000 $ 74,741
Series 2007-HQ11, Class A4,      
5.447%, 02/12/2044 (P)   245,000 273,793
Series 2006-HQ9, Class A4,      
5.731%, 07/12/2044 (P)   245,000 277,986
Sequoia Mortgage Trust, Series 2010-H1,      
Class A1 3.750%, 02/25/2040 (P)   27,031 27,456
Silverstone Master Issuer PLC,      
Series 2011-1A, Class 1A      
2.016%, 01/21/2055 (P) (S)   750,000 755,828
Vendee Mortgage Trust, Series 1996-3,      
Class 4 9.601%, 03/15/2025 (P)   5,447 6,200
Wachovia Bank Commercial      
Mortgage Trust, Series 2007-C34,      
Class A3 5.678%, 05/15/2046   190,000 216,116
WaMu Mortgage Pass      
Through Certificates      
Series 2005-AR13, Class A1A1,      
0.529%, 10/25/2045 (P)   38,489 30,530
Series 2005-AR13, Class A1A3,      
1.019%, 10/25/2045 (P)   69,761 57,846
Series 2006-AR4, Class 1A1,      
1.092%, 05/25/2046 (P)   99,577 76,924
Series 2005-AR12, Class 2A1,      
4.837%, 09/25/2035 (P)   48,153 44,827
Wells Fargo Mortgage      
Backed Securities Trust      
Series 2005-AR2, Class 3A1,      
2.608%, 03/25/2035 (P)   88,666 84,243
Series 2005-AR2, Class 2A2,      
2.614%, 03/25/2035 (P)   178,657 164,020
Series 2003-O, Class 5A1,      
4.876%, 01/25/2034 (P)   96,592 93,158
 
      25,357,638
U.S. Government Agency - 0.3%      
Federal Home Loan Mortgage Corp.      
Series 199, Class PO,      
Zero Coupon 08/01/2028 (Z)   3,727 3,606
Series 3153, Class UG,      
0.689%, 05/15/2036 (P)   53,785 53,882
Series 3913, Class FA,      
0.739%, 08/15/2041 (P)   378,294 378,746
Series 2003-2627, Class IE IO,      
4.500%, 04/15/2018   6,974 237
Series 2003-41, Class YV,      
5.500%, 04/25/2014   82,501 83,956
Series 2005-R003, Class VA,      
5.500%, 08/15/2016   264,057 271,772
Series R005, Class AB,      
5.500%, 12/15/2018   35,771 36,139
Series R006, Class AK,      
5.750%, 12/15/2018   38,997 39,439
Series 2006-R007, Class VA,      
6.000%, 09/15/2016   60,420 60,750
Series R013, Class AB,      
6.000%, 12/15/2021   6,857 6,890
Federal National Mortgage Association      
Series 2005-46, Class CN,      
5.000%, 01/25/2020   14,629 14,670
Series 2002-84, Class VA,      
5.500%, 11/25/2013   48,488 49,269

 

189

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal National Mortgage      
Association (continued)      
Series 319, Class 2 IO,      
6.500%, 02/01/2032 $ 13,043 $ 2,375
Government National      
Mortgage Association      
Series 1998-6, Class EA PO,      
Zero Coupon 03/16/2028 (Z)   17,206 15,150
Series 2011-2, Class HI,      
4.000%, 12/20/2035   359,434 33,157
Series 2010-165, Class IP IO,      
4.000%, 04/20/2038   2,612,613 338,881
Series 2010-127, Class JI IO,      
4.000%, 02/20/2039   1,143,447 145,111
Series 2012-16, Class HJ IO,      
4.000%, 09/20/2040   507,000 570,194
Series 2009-75, Class G,      
4.500%, 07/20/2030   55,964 58,582
Series 2009-28, Class EC,      
4.500%, 12/16/2035   123,662 131,068
Series 2010-84, Class NI IO,      
4.500%, 12/20/2036   1,712,269 171,984
Series 2010-42, Class PI IO,      
4.500%, 09/20/2037   4,171,390 506,525
Series 2010-92, Class PI IO,      
4.500%, 11/20/2037   564,194 66,224
Series 2010-87, Class HI, IO,      
4.500%, 11/20/2038   2,759,207 359,198
Series 2010-158, Class AI, IO,      
4.500%, 10/16/2039   617,549 64,903
Series 2011-88, Class EI, IO,      
4.500%, 11/20/2039   127,994 19,470
Series 2011-41 Class AI, IO,      
4.500%, 12/20/2039   731,264 109,989
Series 2004-43, Class D,      
4.994%, 03/16/2030 (P)   56,000 60,128
 
      3,652,295
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $28,441,062)   $ 29,009,933
 
ASSET BACKED SECURITIES - 1.7%      
Ally Auto Receivables Trust,      
Series 2011-2, Class A4      
1.980%, 04/15/2016   215,000 219,707
Ally Master Owner Trust      
Series 2011-3, Class A2,      
1.810%, 05/15/2016   355,000 359,620
Series 2011-1, Class A2,      
2.150%, 01/15/2016   330,000 335,860
American Express Credit      
Account Master Trust      
Series 2011-1, Class A,      
0.409%, 04/17/2017 (P)   215,000 215,398
Series 2010-1, Class B,      
0.839%, 11/16/2015 (P)   390,000 390,861
AmeriCredit      
Automobile Receivables Trust      
Series 2011-4, Class A3,      
1.170%, 05/09/2016   215,000 215,869
Series 2012-1, Class A3,      
1.230%, 09/08/2016   90,000 90,439
Series 2011-5, Class A3,      
1.550%, 07/08/2016   430,000 434,572

 

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
ASSET BACKED SECURITIES (continued)    
AmeriCredit Automobile      
Receivables Trust (continued)      
Series 2012-1, Class B,      
1.730%, 02/08/2017 $ 80,000 $ 80,153
Series 2011-2, Class B,      
2.330%, 03/08/2016   440,000 446,464
Series 2012-1, Class C,      
2.670%, 01/08/2018   30,000 30,158
Series 2011-1, Class C,      
2.850%, 08/08/2016   75,000 76,981
Series 2010-1, Class C,      
5.190%, 08/17/2015   135,000 141,259
Bank of America Credit Card Trust,      
Series 2007-A8, Class A8      
5.590%, 11/17/2014   290,000 290,578
BankBoston Home Equity Loan Trust,      
Series 1998-2, Class A6      
6.640%, 12/25/2028 (P)   23,397 22,110
BMW Vehicle Owner Trust,      
Series 2011-A, Class A3      
0.760%, 08/25/2015   195,000 195,037
Capital Auto Receivables Asset Trust      
Series 2008-A, Class C,      
8.250%, 01/15/2015 (S)   235,000 251,150
Series 2008-A, Class D,      
8.250%, 01/15/2015 (S)   230,000 245,971
CarMax Auto Owner Trust      
Series 2012-1, Class A3,      
0.890%, 09/15/2016   65,000 64,943
Series 2011-2, Class A3,      
0.910%, 12/15/2015   255,000 255,460
Series 2012-1, Class A4,      
1.250%, 06/15/2017   150,000 150,557
Series 2011-1, Class A3,      
1.290%, 09/15/2015   280,000 281,552
Series 2010-3, Class A4,      
1.410%, 02/16/2016   205,000 207,309
CenterPoint Energy Transition Bond      
Company LLC, Series 2005-A,      
Class A2 4.970%, 08/01/2014   7,848 7,906
Chase Funding Mortgage Loan Asset-      
Backed Certificates      
Series 2002-4, Class 2A1,      
0.979%, 10/25/2032 (P)   6,115 5,139
Series 2003-3, Class 1A6,      
3.717%, 10/25/2014   64,850 64,460
Series 2002-2, Class 1M1,      
5.599%, 09/25/2031   19,877 13,886
CIT Equipment Collateral,      
Series 2012-VT1, Class A3      
1.100%, 08/22/2016 (S)   370,000 369,615
CitiFinancial Auto Issuance Trust,      
Series 2009-1, Class A4      
3.150%, 08/15/2016 (S)   260,000 263,645
CNH Equipment Trust      
Series 2012-A, Class A3,      
0.940%, 05/15/2017   385,000 385,635
Series 2010-B, Class A3,      
1.030%, 11/17/2014   24,832 24,876
Series 2010-A, Class A4,      
2.490%, 01/15/2016   125,000 127,097
Series 2009-C, Class A4,      
3.000%, 08/17/2015   475,325 481,429
Series 2009-B, Class A4,      
5.170%, 10/15/2014   54,754 55,354

 

190

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
ASSET BACKED SECURITIES (continued)    
Countrywide Asset-Backed Certificates,      
Series 2004-BC1, Class M2      
1.844%, 01/25/2034 (P) $ 156,562 $ 101,165
Discover Card Master Trust,      
Series 2011-A1, Class A1      
0.589%, 08/15/2016 (P)   345,000 346,620
Dominos Pizza Master Issuer LLC,      
Series 2012-1A, Class A2      
5.216%, 01/25/2042 (S)   921,531 960,053
Ford Credit Auto Lease Trust      
Series 2012-A, Class A3,      
0.850%, 01/15/2015   230,000 229,816
Series 2011-A, Class A4,      
1.340%, 09/15/2014   130,000 130,942
Ford Credit Auto Owner Trust      
Series 2011-A, Class A3,      
0.970%, 01/15/2015   205,000 205,536
Series 2009-E, Class A3,      
1.510%, 01/15/2014   27,660 27,721
Series 2010-A, Class D,      
4.050%, 10/15/2016   100,000 105,160
Ford Credit Floorplan Master Owner Trust      
Series 2010-5, Class A1,      
1.500%, 09/15/2015   190,000 191,371
Series 2012-2, Class A,      
1.920%, 01/15/2019   550,000 558,173
Series 2010-3, Class A1,      
4.200%, 02/15/2017 (S)   205,000 221,392
Series 2010-3, Class C,      
4.990%, 02/15/2017 (S)   630,000 675,122
GE Capital Credit Card Master Note Trust      
Series 2011-2, Class A,      
0.719%, 05/15/2019 (P)   190,000 190,829
Series 2012-A, Class A,      
1.030%, 01/15/2018   195,000 196,058
Series 2012-2, Class A,      
2.220%, 01/15/2022   480,000 489,631
GE Equipment Midticket LLC,      
Series 2010-1, Class A3      
0.940%, 07/14/2014 (S)   109,247 109,275
GE Equipment Transportation LLC,      
Series 2012-1, Class A3      
0.990%, 11/23/2015   85,000 85,077
Honda Auto Receivables Owner Trust,      
Series 2009-2, Class A4      
4.430%, 07/15/2015   134,422 135,581
Huntington Auto Trust      
Series 2012-1, Class A3,      
0.810%, 09/15/2016   380,000 380,263
Series 2011-1A, Class A3,      
1.010%, 01/15/2016 (S)   155,000 155,542
Series 2011-1A C,      
2.530%, 03/15/2017 (S)   175,000 178,086
Hyundai Auto Receivables Trust      
Series 2012-A, Class A3,      
0.720%, 03/15/2016   220,000 219,847
0.950%, 12/15/2016   325,000 325,665
John Deere Owner Trust, Series 2010-A,      
Class A3 1.320%, 05/15/2014   32,941 33,016
Marriott Vacation Club Owner Trust      
Series 2006-2A, Class A,      
5.362%, 10/20/2028 (S)   49,619 50,407
Series 2006-1A, Class A,      
5.737%, 04/20/2028 (S)   158,366 160,817
Series 2006-1A, Class B,      
5.827%, 04/20/2028 (S)   7,545 7,656

 

Spectrum Income Fund (continued)    
    Shares or    
    Principal    
    Amount   Value
 
 
ASSET BACKED SECURITIES (continued)      
Mercedes-Benz Auto Lease Trust        
Series 2012-A, Class A3,        
0.880%, 11/17/2014 $ 190,000 $ 191,127
Series 2012-A, Class A4,        
1.070%, 11/15/2017   160,000   160,082
Series 2011-B, Class A4,        
1.240%, 07/17/2017 (S)   180,000   181,022
Mercedes-Benz Auto Receivables Trust,        
Series 2011-1, Class A4        
1.220%, 12/15/2017   435,000   437,862
Merrill Lynch Mortgage Investors, Inc.,        
Series 2005-WMC1, Class M1        
0.989%, 09/25/2035 (P)   97,182   93,013
MMAF Equipment Finance LLC,        
Series 2009-AA, Class A3        
2.370%, 11/15/2013 (S)   35,931   36,034
Nissan Auto Lease Trust        
Series 2011-B, Class A3,        
0.920%, 02/16/2015   240,000   239,696
Series 2012-A, Class A3,        
0.980%, 05/15/2015   120,000   120,375
Series 2011-A, Class A3,        
1.040%, 08/15/2014   435,000   436,636
Series 2012-A, Class A4,        
1.130%, 05/15/2017   180,000   180,263
Nordstrom Private Label Credit Card        
Master Note Trust, Series 2011-1A,        
Class A 2.280%, 11/15/2019 (S)   470,000   485,049
Porsche Financial Auto        
Securitization Trust, Series 2011-1,        
Class A4 1.190%, 12/17/2018 (S)   175,000   176,222
Porsche Innovative Lease Owner Trust,        
Series 2011-1, Class A4        
1.260%, 11/20/2017 (S)   175,000   176,173
PSE&G Transition Funding LLC,        
Series 2001-1, Class A6        
6.610%, 06/15/2015   158,666   163,794
Residential Asset Mortgage Products, Inc.,        
Series 2003-RZ2 3.600%, 04/25/2033   14,682   14,120
SLM Student Loan Trust, Series 2008-4,        
Class A2 1.516%, 07/25/2016 (P)   233,089   235,198
Smart Trust        
Series 2012-1USA, Class A2A,        
1.040%, 09/14/2014 (S)   100,000   99,924
Series 2011-2USA, Class A3A,        
1.540%, 03/14/2015 (S)   260,000   261,235
Series 2011-1USA, Class A3A,        
1.770%, 10/14/2014 (S)   385,000   386,294
Toyota Auto Receivables Owner Trust,        
Series 2012-A, Class A3        
0.750%, 02/16/2016   75,000   74,953
Wheels SPV LLC, Series 2012-1,        
Class A2 1.190%, 03/20/2021 (S)   200,000   199,777
World Financial Network Credit        
Card Master Trust        
Series 2009-B, Class A,        
3.790%, 05/15/2016   85,000   85,343
Series 2009-D, Class A,        
4.660%, 05/15/2017   430,000   447,576
TOTAL ASSET BACKED SECURITIES (Cost $18,046,328) $ 18,153,639
 
COMMON STOCKS - 13.2%        
Consumer Discretionary - 1.7%        
Ameristar Casinos, Inc.   9,625  $ 179,988
Cablevision Systems Corp., Class A (L)   40,900   467,896

 

191

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Consumer Discretionary (continued)    
Carnival Corp. (L) 23,400 $ 750,906
Comcast Corp., Class A 37,900 1,095,689
General Motors Company (I) 16,200 359,640
Genuine Parts Company (L) 13,400 844,200
Harley-Davidson, Inc. 10,900 525,162
Hasbro, Inc. (L) 15,700 556,094
Kohl’s Corp. 24,000 1,099,680
Lakes Gaming, Inc. (I) 22,900 65,723
Macy’s, Inc. 25,000 951,250
Marriott International, Inc., Class A (L) 18,399 712,225
Mattel, Inc. 45,900 1,428,867
Staples, Inc. 70,200 922,428
The Madison Square    
Garden, Inc., Class A (I) 14,425 540,793
The McGraw-Hill Companies, Inc. 29,300 1,271,034
The New York Times    
Company, Class A (I) 47,000 312,550
The Walt Disney Company 43,900 2,006,669
Tiffany & Company 1,700 94,163
Time Warner, Inc. 58,233 2,007,292
Whirlpool Corp. 23,200 1,435,616
WPP PLC 36,751 439,035
 
    18,066,900
Consumer Staples - 1.0%    
Archer-Daniels-Midland Company 40,500 1,291,140
Avon Products, Inc. 58,800 973,140
Beam, Inc. 3,900 236,184
Campbell Soup Company (L) 40,600 1,287,020
Clorox Company 22,200 1,527,360
ConAgra Foods, Inc. 38,300 963,245
Kellogg Company 3,400 165,852
Kimberly-Clark Corp. 24,100 1,912,335
McCormick & Company, Inc., Non-    
Voting Shares (L) 13,500 760,860
Molson Coors Brewing Company, Class B 13,600 522,920
PepsiCo, Inc. 20,400 1,384,140
The Hershey Company 1,700 113,662
 
    11,137,858
Energy - 1.7%    
Anadarko Petroleum Corp. 21,800 1,329,800
BP PLC, ADR 22,400 816,704
Chevron Corp. 40,200 3,952,062
ConocoPhillips 11,400 594,624
CONSOL Energy, Inc. 36,000 1,010,880
Diamond Offshore Drilling, Inc. (L) 18,800 1,093,784
Exxon Mobil Corp. 41,500 3,263,145
Hess Corp. 8,400 367,080
Murphy Oil Corp. 31,000 1,445,220
Petroleo Brasileiro SA, ADR 18,100 354,036
Royal Dutch Shell PLC, ADR 39,900 2,480,982
Schlumberger, Ltd. 22,400 1,416,800
Spectra Energy Corp. 21,500 617,265
Valero Energy Corp. 6,700 141,370
 
    18,883,752
Financials - 2.7%    
American Express Company 52,100 2,908,743
Bank of America Corp. 182,885 1,344,205
Capital One Financial Corp. 19,400 996,578
Chubb Corp. 9,800 706,286
JPMorgan Chase & Company 98,500 3,265,275
Legg Mason, Inc. 39,800 1,012,910
Lincoln National Corp. 31,700 655,239
Loews Corp. 13,400 521,126

 

Spectrum Income Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Financials (continued)    
Marsh & McLennan Companies, Inc. 52,200 $ 1,669,356
Morgan Stanley 26,300 351,368
Northern Trust Corp. 30,800 1,329,944
NYSE Euronext 26,200 636,922
PNC Financial Services Group, Inc. 22,400 1,375,808
Regions Financial Corp. 72,600 456,654
SLM Corp. 70,700 987,679
Sun Life Financial, Inc. (L) 25,500 525,300
SunTrust Banks, Inc. 50,800 1,164,336
The Allstate Corp. 53,300 1,809,002
The Bank of New York Mellon Corp. 39,200 798,112
TLF Fund Term Asset Backed    
Management Fees Company 153,095 278,633
U.S. Bancorp 83,900 2,610,129
Wells Fargo & Company 91,200 2,922,960
Weyerhaeuser Company 41,289 822,064
XL Group PLC 20,100 410,442
 
    29,559,071
Health Care - 0.9%    
Amgen, Inc. 17,200 1,195,744
Bristol-Myers Squibb Company 40,200 1,340,268
Johnson & Johnson 31,700 1,979,031
Merck & Company, Inc. 45,400 1,706,132
Pfizer, Inc. 83,706 1,830,650
Quest Diagnostics, Inc. 15,000 853,500
Thermo Fisher Scientific, Inc. 29,100 1,468,968
 
    10,374,293
Industrials - 1.9%    
3M Company 25,100 2,118,691
ACCO Brands Corp. (I) 5,303 48,363
Avery Dennison Corp. 18,000 523,980
Cooper Industries PLC 24,100 1,699,050
Emerson Electric Company (L) 29,400 1,375,038
Fortune Brands Home & Security, Inc. (I) 2,300 52,026
General Electric Company 214,300 4,090,987
Honeywell International, Inc. 30,200 1,680,932
Illinois Tool Works, Inc. (L) 34,200 1,920,330
Ingersoll-Rand PLC 21,400 884,034
ITT Corp. (L) 12,800 262,784
Lockheed Martin Corp. 8,500 703,800
Masco Corp. 50,100 634,767
The Boeing Company 18,200 1,266,902
United Continental Holdings, Inc. (I) (L) 33,400 840,678
United Parcel Service, Inc., Class B 20,700 1,551,258
USG Corp. (I) (L) 21,100 325,362
Xylem, Inc. 18,000 455,940
 
    20,434,922
Information Technology - 1.0%    
Analog Devices, Inc. 28,900 1,051,093
Applied Materials, Inc. 79,600 822,268
Cisco Systems, Inc. 67,600 1,103,908
Computer Sciences Corp. 41,500 1,105,560
Corning, Inc. 54,500 707,955
First Solar, Inc. (I) (L) 10,000 125,600
Harris Corp. (L) 36,200 1,440,036
Hewlett-Packard Company 50,500 1,145,340
Microsoft Corp. 74,600 2,177,574
Nokia OYJ, ADR (L) 97,100 259,257
Texas Instruments, Inc. 19,100 543,968
 
    10,482,559
Materials - 0.7%    
E.I. du Pont de Nemours & Company 17,100 825,246

 

192

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Spectrum Income Fund (continued)  
Shares or   
Principal   
Amount  Value
 
COMMON STOCKS (continued)    
Materials (continued)    
International Flavors    
& Fragrances, Inc. (L) 11,200 $ 631,456
International Paper Company 60,200 1,757,840
MeadWestvaco Corp. 27,900 767,250
Monsanto Company 20,300 1,567,160
Nucor Corp. (L) 38,400 1,373,184
Vulcan Materials Company 29,400 1,018,710
 
    7,940,846
Telecommunication Services - 0.6%    
American Tower Corp. 1,975 128,138
AT&T, Inc. 89,535 3,059,411
CenturyLink, Inc. 23,775 932,456
Crown Castle International Corp. (I) 2,500 136,500
Telefonica SA 34,742 386,052
Verizon Communications, Inc. 34,300 1,428,252
Vodafone Group PLC 213,769 572,611
Ziggo NV (I) 12,000 342,580
 
    6,986,000
Utilities - 1.0%    
Duke Energy Corp. (L) 45,700 1,004,486
Entergy Corp. 25,700 1,658,421
Exelon Corp. 39,800 1,471,804
FirstEnergy Corp. 15,100 706,529
NiSource, Inc. 68,600 1,721,174
Pinnacle West Capital Corp. 16,700 824,646
PPL Corp. 18,000 492,660
Progress Energy, Inc. 21,600 1,184,112
TECO Energy, Inc. (L) 16,100 280,140
The AES Corp. (I) 29,850 360,887
Xcel Energy, Inc. 41,300 1,157,226
 
    10,862,085
TOTAL COMMON STOCKS (Cost $133,660,243) $ 144,728,286
 
PREFERRED SECURITIES - 0.4%    
Consumer Discretionary - 0.1%    
General Motors Company,    
Series B, 4.750% 39,150 1,437,588
Spanish Broadcasting System, Series B,    
PIK, 10.750% 308 169,400
 
    1,606,988
Financials - 0.1%    
Ally Financial, Inc. (S) 750 643,078
GMAC Capital Trust I (8.125% to    
02/15/2016, then    
3 month LIBOR + 5.785%) 26,875 615,975
 
    1,259,053
Telecommunication Services - 0.2%    
Lucent Technologies    
Capital Trust I, 7.750% 2,675 1,851,100
Utilities - 0.0%    
PPL Corp., 8.750% 1,500 78,600
TOTAL PREFERRED SECURITIES (Cost $5,215,978) $ 4,795,741
 
RIGHTS - 0.0%    
Telefonica SA (Strike Price: EUR 0.235    
Expiration Date: 06/12/2012) (I) (L) 34,732 $ 10,092
TOTAL RIGHTS (Cost $12,575) $ 10,092

 

Spectrum Income Fund (continued)    
    Shares or    
    Principal    
    Amount   Value
 
SECURITIES LENDING COLLATERAL - 1.2%      
John Hancock Collateral        
Investment Trust, 0.3309% (W) (Y) $ 1,271,648   12,725,635
TOTAL SECURITIES LENDING        
COLLATERAL (Cost $12,726,495)     $ 12,725,635
 
SHORT-TERM INVESTMENTS - 2.5%        
Certificate of Deposit - 0.0%        
Svenska Handelsbanken AB, 0.9237%,        
03/18/2013 * $ 370,000  $ 370,000
Money Market Funds - 2.4%        
T. Rowe Price Investment Reserve        
Fund, 0.1100% (Y)   25,791,809   25,791,809
Repurchase Agreement - 0.1%        
Repurchase Agreement with State        
Street Corp. dated 05/31/12 at 0.010%        
to be repurchased at $5,202 on        
06/01/12, collateralized by $4,300        
U.S. Treasury Notes, 3.750% due        
08/15/2041 (valued at $5,274,        
including interest)   5,202   5,202
Repurchase Agreement with State        
Street Corp. dated 05/31/12 at 0.010%        
to be repurchased at $1,000,000 on        
06/01/12, collateralized by $980,000        
U.S. Treasury Notes, 2.125% due        
11/30/14 (valued at $1,022,875,        
including interest)   1,000,000   1,000,000
 
        1,005,202
TOTAL SHORT-TERM INVESTMENTS (Cost $27,167,011) $ 27,167,011
Total Investments (Spectrum Income Fund)        
(Cost $1,064,649,552) - 100.4%     $ 1,098,929,350
Other assets and liabilities, net - (0.4%)       (4,002,112)
 
TOTAL NET ASSETS - 100.0%     $ 1,094,927,238
 
 
 
 
Strategic Equity Allocation Fund    
    Shares or    
    Principal    
    Amount   Value
 
COMMON STOCKS - 93.9%        
Consumer Discretionary - 10.5%        
Auto Components - 0.4%        
Aisin Seiki Company, Ltd.   7,700 $ 239,599
American Axle &        
Manufacturing Holdings, Inc. (I)   8,311   76,960
Amerigon, Inc. (I)   3,718   44,542
BorgWarner, Inc. (I) (L)   14,741   1,057,667
Bridgestone Corp.   26,500   563,869
Cheng Shin Rubber Industry Company, Ltd.   52,000   125,344
Cie Generale des Etablissements Michelin (L)   5,613   330,551
Continental AG   2,530   210,948
Cooper Tire & Rubber Company   7,709   119,335
Dana Holding Corp.   18,200   242,424
Denso Corp.   19,600   588,533
Dorman Products, Inc. (I)   1,370   65,952
Drew Industries, Inc. (I)   2,422   64,304
Exide Technologies (I)   9,730   22,574
Fuel Systems Solutions, Inc. (I)   2,090   31,350
Gentex Corp.   23,048   513,970
GKN PLC   86,491   244,723
Hankook Tire Company, Ltd.   2,340   94,090

 

193

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Auto Components (continued)    
Hyundai Mobis 1,759 $ 412,230
Hyundai Wia Corp. 297 43,843
Johnson Controls, Inc. 91,935 2,770,859
Koito Manufacturing Company, Ltd. 4,000 52,153
Magna International, Inc. (L) 6,848 276,811
Mando Corp. 325 44,278
Modine Manufacturing Company (I) 5,823 37,733
Motorcar Parts of America, Inc. (I) 1,606 6,938
Nan Kang Rubber Tire Company, Ltd. 14,000 19,308
NGK Spark Plug Company, Ltd. 6,000 76,640
NHK Spring Company, Ltd. 6,100 64,602
NOK Corp. 4,100 85,665
Nokian Renkaat OYJ 3,410 128,787
Pirelli & C. SpA (L) 7,641 76,317
Spartan Motors, Inc. 4,483 20,174
Standard Motor Products, Inc. 2,481 33,518
Stanley Electric Company, Ltd. 5,600 77,474
Stoneridge, Inc. (I) 3,402 23,984
Sumitomo Rubber Industries, Inc. 6,900 83,069
Superior Industries International, Inc. 2,953 49,581
Tenneco, Inc. (I) (L) 7,531 204,467
The Goodyear Tire & Rubber Company (I) 33,028 345,143
Tower International, Inc. (I) 906 11,470
Toyoda Gosei Company, Ltd. 2,400 46,369
Toyota Boshoku Corp. 2,400 25,553
Toyota Industries Corp. 6,900 181,710
 
    9,835,411
Automobiles - 0.8%    
Astra International Tbk PT 44,500 303,845
BMW AG (L) 10,479 793,864
Brilliance China Automotive Holdings, Ltd. (I) 96,000 94,502
BYD Company, Ltd., H Shares (I) 21,494 43,582
China Motor Company, Ltd. 16,000 14,245
Daihatsu Motor Company, Ltd. 8,000 136,946
Daimler AG 28,636 1,328,926
Dongfeng Motor Group Company, Ltd.,    
H Shares (I) 114,780 193,495
Fiat SpA (I) 24,491 115,973
Ford Motor Company 513,290 5,420,342
Fuji Heavy Industries, Ltd. 24,000 183,498
Geely Automobile Holdings Company, Ltd. 160,000 57,948
Great Wall Motor Company, Ltd., H Shares 44,250 90,439
Guangzhou Automobile Group Company, Ltd.,    
H Shares (I) 93,219 78,558
Harley-Davidson, Inc. 30,867 1,487,172
Honda Motor Company, Ltd. 66,500 2,114,449
Hyundai Motor Company, Ltd. 3,997 825,050
Isuzu Motors, Ltd. 48,000 255,303
Kia Motors Corp. 6,204 420,989
Mahindra & Mahindra, Ltd. 24,785 282,019
Mazda Motor Corp. (I) 103,000 130,429
Mitsubishi Motors Corp. (I) 154,000 150,928
Nissan Motor Company, Ltd. 101,200 971,891
Peugeot SA (I) 7,014 69,341
Renault SA (L) 5,997 251,793
Suzuki Motor Corp. 13,500 279,350
Tata Motors, Ltd., ADR (L) 16,200 336,798
Thor Industries, Inc. 7,018 215,804
Toyota Motor Corp. 112,800 4,329,938
Volkswagen AG 906 136,501
Winnebago Industries, Inc. (I) 3,667 32,856
Yamaha Motor Company, Ltd. 11,200 110,742
Yulon Motor Company, Ltd. 27,000 46,723
 
    21,304,239

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Distributors - 0.1%    
Core-Mark Holding Company, Inc. 1,485 $ 64,583
Dah Chong Hong Holdings, Ltd. 36,000 34,273
Genuine Parts Company 21,036 1,325,268
Imperial Holdings, Ltd. 10,412 203,482
Jardine Cycle and Carriage, Ltd. 4,254 138,640
Li & Fung, Ltd. 245,200 448,169
LKQ Corp. (I) 23,558 858,454
Pool Corp. (L) 6,029 222,892
VOXX International Corp. (I) 2,335 23,023
Weyco Group, Inc. 482 11,260
 
    3,330,044
Diversified Consumer Services - 0.2%    
American Public Education, Inc. (I) (L) 2,243 63,768
Anhanguera Educacional Participacoes SA 5,500 65,176
Apollo Group, Inc., Class A (I) 15,190 483,346
Ascent Capital Group, Inc., Class A (I) 1,848 96,798
Benesse Holdings, Inc. 2,800 125,995
Bridgepoint Education, Inc. (I) (L) 2,217 43,431
Capella Education Company (I) 1,734 53,251
Coinstar, Inc. (I) (L) 3,902 239,700
Corinthian Colleges, Inc. (I) (L) 9,725 26,647
DeVry, Inc. 8,068 220,498
Grand Canyon Education, Inc. (I) 3,625 65,685
H&R Block, Inc. 39,558 604,051
Hillenbrand, Inc. 7,817 146,725
ITT Educational Services, Inc. (I) (L) 3,140 178,666
K12, Inc. (I) (L) 3,235 70,911
Lincoln Educational Services Corp. 3,021 17,522
Mac-Gray Corp. 1,633 20,233
Matthews International Corp., Class A (L) 8,287 249,604
National American University Holdings, Inc. 1,352 5,273
Regis Corp. 16,255 297,629
School Specialty, Inc. (I) (L) 2,047 6,161
Service Corp. International 35,437 405,754
Sotheby’s 19,197 585,509
Steiner Leisure, Ltd. (I) 1,896 86,894
Stewart Enterprises, Inc., Class A (L) 9,354 57,714
Strayer Education, Inc. (L) 3,352 301,177
Universal Technical Institute, Inc. 2,897 35,314
 
    4,553,432
Hotels, Restaurants & Leisure - 1.7%    
Accor SA 4,567 136,722
AFC Enterprises, Inc. (I) 3,155 67,391
Ambassadors Group, Inc. 2,392 11,984
Ameristar Casinos, Inc. 4,050 75,735
Autogrill SpA 3,968 34,267
Bally Technologies, Inc. (I) 6,864 319,519
Benihana, Inc. 1,901 30,625
Biglari Holdings, Inc. (I) 153 59,896
BJ’s Restaurants, Inc. (I) (L) 3,000 131,370
Bob Evans Farms, Inc. 8,459 342,928
Boyd Gaming Corp. (I) (L) 6,745 51,397
Bravo Brio Restaurant Group, Inc. (I) 2,441 40,081
Brinker International, Inc. 12,563 405,911
Buffalo Wild Wings, Inc. (I) 2,277 193,795
Caesars Entertainment Corp. (I) 4,566 55,431
Caribou Coffee Company, Inc. (I) 1,648 19,611
Carnival Corp. (L) 61,169 1,962,913
Carnival PLC 10,265 330,668
Carrols Restaurant Group, Inc. (I) 1,633 9,961
CEC Entertainment, Inc. 2,262 79,080
Chipotle Mexican Grill, Inc. (I) 4,223 1,744,395
Churchill Downs, Inc. 1,587 95,220

 

194

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
Compass Group PLC 107,983 $ 1,059,041
Cracker Barrel Old Country Store, Inc. 2,861 175,293
Crown, Ltd. 21,768 179,676
Darden Restaurants, Inc. 17,346 897,309
Denny’s Corp. (I) 12,611 54,353
DineEquity, Inc. (I) 1,921 92,208
Domino’s Pizza, Inc. 7,236 222,218
Echo Entertainment Group, Ltd. 37,024 158,339
Einstein Noah Restaurant Group, Inc. 847 14,518
Fiesta Restaurant Group, Inc. (I) 1,633 19,923
Formosa International Hotels Corp. 1,000 11,564
Galaxy Entertainment Group, Ltd. (I) 55,000 135,197
Gaylord Entertainment Company (I) 4,407 167,246
Genting Singapore PLC 264,400 306,941
Intercontinental Hotels Group PLC 16,465 387,678
International Game Technology 40,177 574,531
International Speedway Corp., Class A 8,173 196,479
Interval Leisure Group, Inc. 5,041 83,933
Isle of Capri Casinos, Inc. (I) 2,631 14,076
Jack in the Box, Inc. (I) (L) 5,489 141,891
Jamba, Inc. (I) 8,464 16,082
Jollibee Foods Corp. 9,000 21,799
Kangwon Land, Inc. 2,450 52,296
Krispy Kreme Doughnuts, Inc. (I) 7,244 45,565
Life Time Fitness, Inc. (I) (L) 12,071 517,363
Luby’s, Inc. (I) 2,600 13,286
Marcus Corp. 2,722 36,284
Marriott International, Inc., Class A (L) 36,071 1,396,308
McDonald’s Corp. 137,555 12,289,164
McDonald’s Holdings Company, Ltd. 2,700 78,782
Monarch Casino & Resort, Inc. (I) 1,351 12,524
Morgans Hotel Group Company (I) 2,836 12,734
Multimedia Games    
Holding Company, Inc. (I) (L) 3,416 43,076
OPAP SA 7,856 41,899
Orient Express Hotels, Ltd., Class A (I) 11,789 99,499
Oriental Land Company, Ltd. 2,100 229,032
P.F. Chang’s China Bistro, Inc. (L) 2,616 134,122
Panera Bread Company, Class A (I) 4,754 698,600
Papa John’s International, Inc. (I) 2,361 109,834
Peet’s Coffee & Tea, Inc. (I) (L) 1,615 96,222
Pinnacle Entertainment, Inc. (I) 7,681 75,120
Red Lion Hotels Corp. (I) 2,227 18,863
Red Robin Gourmet Burgers, Inc. (I) 1,623 51,936
Ruby Tuesday, Inc. (I) 8,064 57,900
Ruth’s Hospitality Group, Inc. (I) 4,485 29,422
Sands China, Ltd. 105,252 358,479
Scientific Games Corp., Class A (I) 16,585 141,636
Shangri-La Asia, Ltd. 62,500 121,587
Shuffle Master, Inc. (I) 6,763 107,261
Six Flags Entertainment Corp. 5,207 237,595
SJM Holdings, Ltd. 72,384 128,926
Sodexo 3,003 218,543
Sonic Corp. (I) 7,723 65,877
Speedway Motorsports, Inc. 1,511 24,886
Starbucks Corp. 101,747 5,584,893
Starwood Hotels & Resorts Worldwide, Inc. 26,483 1,399,627
TABCORP Holdings, Ltd. 37,765 106,615
Tatts Group, Ltd. 72,146 183,764
Texas Roadhouse, Inc., Class A 7,822 142,204
The Cheesecake Factory, Inc. (I) (L) 15,511 503,177
The Wendy’s Company (L) 47,409 217,607
Tim Hortons, Inc. 5,169 275,503
Town Sports International Holdings, Inc. (I) 2,647 30,996
TUI Travel PLC 28,393 72,315

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
Vail Resorts, Inc. (L) 4,465 $ 194,094
Whitbread PLC 10,094 291,030
WMS Industries, Inc. (I) 8,849 181,670
Wyndham Worldwide Corp. 19,710 981,558
Wynn Macau, Ltd. 67,950 164,879
Wynn Resorts, Ltd. 10,724 1,105,001
Yum! Brands, Inc. 62,179 4,374,914
 
    44,483,663
Household Durables - 0.4%    
American Greetings Corp., Class A (L) 4,796 67,288
Beazer Homes USA, Inc. (I) 9,430 24,612
Blyth, Inc. 654 48,867
Brookfield Incorporacoes SA 10,700 18,834
Casio Computer Company, Ltd. (L) 10,300 59,740
Cavco Industries, Inc. (I) 889 37,471
CSS Industries, Inc. 1,153 21,953
D.R. Horton, Inc. (L) 37,659 625,139
Electrolux AB 7,789 148,781
Ethan Allen Interiors, Inc. 3,004 67,620
Furniture Brands International, Inc. (I) 5,199 6,031
Haier Electronics Group Company, Ltd. (I) 37,000 43,347
Harman International Industries, Inc. 9,480 371,806
Helen of Troy, Ltd. (I) 3,860 121,513
Hovnanian Enterprises, Inc., Class A (I) (L) 8,149 15,239
Husqvarna AB, B Shares 14,346 66,936
iRobot Corp. (I) 2,974 62,989
KB Home (L) 21,049 152,605
La-Z-Boy, Inc. (I) 6,477 91,390
Leggett & Platt, Inc. 18,911 393,160
Lennar Corp., Class A (L) 21,920 598,197
LG Electronics, Inc. 2,666 149,036
Libbey, Inc. (I) 2,567 37,144
Lifetime Brands, Inc. 1,301 14,597
M/I Homes, Inc. (I) 2,360 35,447
MDC Holdings, Inc. 10,703 307,390
Meritage Homes Corp. (I) 3,457 103,745
Mohawk Industries, Inc. (I) 9,137 622,230
MRV Engenharia e Participacoes SA 13,100 56,249
Newell Rubbermaid, Inc. 38,948 716,643
NVR, Inc. (I) (L) 809 651,083
Panasonic Corp. 90,700 598,268
PDG Realty SA Empreendimentos    
e Participacoes 50,200 83,631
PulteGroup, Inc. (I) 45,473 425,627
Rinnai Corp. 1,400 90,271
Rossi Residencial SA (I) 8,200 21,467
Ryland Group, Inc. 5,502 123,025
Sealy Corp. (I) (L) 6,366 10,695
Sekisui Chemical Company, Ltd. 18,000 153,126
Sekisui House, Ltd. 24,000 201,982
Sharp Corp. 41,000 214,189
Skullcandy, Inc. (I) (L) 1,234 16,190
Skyline Corp. 901 4,091
Skyworth Digital Holdings, Ltd. 84,031 37,671
Sony Corp. 41,100 543,362
Standard Pacific Corp. (I) (L) 13,055 67,364
Steinhoff International Holdings, Ltd. (I) 67,080 205,599
Tatung Company, Ltd. (I) 68,000 14,909
Tempur-Pedic International, Inc. (I) 10,090 466,259
Toll Brothers, Inc. (I) 23,457 639,907
Tupperware Brands Corp. 8,979 485,315
Universal Electronics, Inc. (I) (L) 1,996 26,148
Whirlpool Corp. 10,345 640,149
Woongjin Coway Company, Ltd. 1,450 43,358

 

195

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Household Durables (continued)    
Zagg, Inc. (I) (L) 2,796 $ 29,666
    10,879,351
Internet & Catalog Retail - 0.7%    
1-800-Flowers.com, Inc., Class A (I) 3,509 10,387
Amazon.com, Inc. (I) 49,166 10,467,933
Blue Nile, Inc. (I) (L) 1,481 47,821
Expedia, Inc. (L) 12,816 588,126
Geeknet, Inc. (I) 618 11,155
HSN, Inc. 11,279 438,753
Netflix, Inc. (I) (L) 7,485 474,848
NutriSystem, Inc. 3,364 34,481
Orbitz Worldwide, Inc. (I) 2,665 9,727
Overstock.com, Inc. (I) (L) 1,494 9,935
PetMed Express, Inc. 2,647 30,202
priceline.com, Inc. (I) 6,726 4,207,046
Rakuten, Inc. 298 317,971
Shutterfly, Inc. (I) (L) 3,704 102,119
TripAdvisor, Inc. (I) (L) 12,798 548,778
US Auto Parts Network, Inc. (I) 1,964 8,033
ValueVision Media, Inc. (I) (L) 5,091 8,858
 
    17,316,173
Leisure Equipment & Products - 0.2%    
Arctic Cat, Inc. (I) 1,525 55,144
Black Diamond, Inc. (I) 2,551 22,959
Brunswick Corp. 11,065 242,324
Callaway Golf Company (L) 8,091 44,662
Giant Manufacturing Company, Ltd. 10,000 46,919
Hasbro, Inc. 15,637 553,863
Jakks Pacific, Inc. (L) 3,476 64,271
Johnson Outdoors, Inc. (I) 334 6,075
Leapfrog Enterprises, Inc. (I) 5,170 53,871
Marine Products Corp. 1,446 7,548
Mattel, Inc. 45,782 1,425,194
Namco Bandai Holdings, Inc. 8,300 100,869
Nikon Corp. 14,100 390,238
Polaris Industries, Inc. 10,951 831,947
Sankyo Company, Ltd. 2,300 110,674
Sega Sammy Holdings, Inc. 8,900 157,661
Shimano, Inc. 3,100 187,877
Smith & Wesson Holding Corp. (I) 7,554 50,914
Steinway Musical Instruments, Inc. (I) 906 20,340
Sturm Ruger & Company, Inc. (L) 2,360 91,969
Summer Infant, Inc. (I) 1,856 5,642
Yamaha Corp. 6,700 57,045
 
    4,528,006
Media - 2.5%    
AH Belo Corp. 2,507 10,028
AMC Networks, Inc. (I) 9,196 354,874
Arbitron, Inc. 3,393 113,462
Axel Springer AG 1,314 52,998
BEC World PCL 44,400 75,361
Belo Corp., Class A 11,697 67,609
British Sky Broadcasting Group PLC 64,905 689,868
Cablevision Systems Corp., Class A 29,268 334,826
CBS Corp., Class B 87,658 2,798,043
Central European    
Media Enterprises, Ltd. (I) (L) 4,605 27,400
Cinemark Holdings, Inc. 27,849 642,198
Comcast Corp., Class A 364,158 10,527,808
Crown Media Holdings, Inc. (I) 4,650 6,836
Cumulus Media, Inc., Class A (I) (L) 4,988 13,966
Dentsu, Inc. 7,400 206,726
Dial Global, Inc. (I) 833 2,324

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Media (continued)    
Digital Domain Media Group, Inc. (I) (L) 600 $ 4,404
Digital Generation, Inc. (I) (L) 3,471 33,009
DIRECTV, Class A (I) 91,329 4,059,574
Discovery Communications, Inc., Series A (I) 34,912 1,749,091
DreamWorks Animation SKG, Inc. (I) (L) 11,426 203,269
Entercom    
Communications Corp., Class A (I) (L) 3,231 15,929
Entravision Communications Corp., Class A 6,858 9,190
Eutelsat Communications 4,229 110,856
EW Scripps Company (I) 4,092 36,787
Fairfax Media, Ltd. (L) 119,037 77,093
Fisher Communications, Inc. (I) 587 16,812
Gannett Company, Inc. (L) 31,999 417,907
Global Sources, Ltd. (I) 1,567 8,227
Gray Television, Inc. (I) 6,932 9,635
Hakuhodo DY Holdings, Inc. 990 61,836
Harte-Hanks, Inc. 5,590 47,180
ITV PLC 210,066 237,372
JCDecaux SA 2,074 43,479
John Wiley & Sons, Inc. 7,532 342,706
Journal Communications, Inc., Class A (I) 5,680 24,083
Jupiter Telecommunications Company, Ltd. 71 72,704
Kabel Deutschland Holding AG (I) 2,962 168,160
Knology, Inc. (I) 3,815 74,431
Lagardere SCA 3,647 86,586
Lamar Advertising Company, Class A (I) (L) 9,378 230,793
LIN TV Corp., Class A (I) 4,044 11,647
Lions Gate Entertainment Corp. (I) 5,581 74,339
Live Nation Entertainment, Inc. (I) 17,562 164,205
Martha Stewart Living    
Omnimedia, Inc., Class A 3,571 10,677
MDC Partners, Inc., Class A 3,168 30,761
Mediaset SpA 22,454 34,916
Meredith Corp. (L) 10,492 310,458
Modern Times Group AB, B Shares 1,520 61,568
Naspers, Ltd., ADR 22,571 1,197,260
National CineMedia, Inc. 6,917 93,310
News Corp., Class A 290,687 5,581,190
Nexstar Broadcasting Group, Inc. (I) 738 4,893
Omnicom Group, Inc. 36,844 1,756,722
Outdoor Channel Holdings, Inc. 966 6,356
Pearson PLC 46,323 812,194
Publicis Groupe SA 4,594 214,785
ReachLocal, Inc. (I) 1,298 13,097
Reed Elsevier NV 21,829 227,115
Reed Elsevier PLC 68,953 508,565
Rentrak Corp. (I) 1,273 20,623
Saga Communications, Inc., Class A (I) 241 8,411
Sanoma OYJ 2,309 19,337
Scholastic Corp. (L) 7,368 198,568
Scripps Networks Interactive, Inc., Class A 12,892 706,095
SES SA 9,563 214,051
Shaw Communications, Inc., Class B (L) 12,314 235,466
Sinclair Broadcast Group, Inc., Class A 6,441 52,430
Singapore Press Holdings, Ltd. 68,000 199,257
Societe Television Francaise 1 3,385 25,046
The Interpublic Group of Companies, Inc. 60,248 625,977
The McClatchy Company, Class A (I) (L) 7,447 16,309
The McGraw-Hill Companies, Inc. 37,543 1,628,615
The New York Times Company, Class A (I) 36,470 242,526
The Walt Disney Company 242,056 11,064,380
The Washington Post Company, Class B (L) 648 226,035
Thomson Reuters Corp. 12,017 330,312
Time Warner Cable, Inc. 42,418 3,198,317
Time Warner, Inc. 130,952 4,513,915

 

196

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Media (continued)    
Toho Company, Ltd. 4,700 $ 74,706
Valassis Communications, Inc. (I) (L) 12,417 247,222
Value Line, Inc. 475 5,819
Viacom, Inc., Class B 72,947 3,481,760
Wolters Kluwer NV 9,623 140,325
World Wrestling Entertainment, Inc., Class A 3,635 28,644
WPP PLC 71,728 856,877
 
    63,540,521
Multiline Retail - 0.7%    
Big Lots, Inc. (I) 8,860 325,605
Canadian Tire Corp., Ltd. 2,541 165,374
Dollar Tree, Inc. (I) 16,075 1,658,619
Family Dollar Stores, Inc. 15,905 1,077,564
Far Eastern Department Stores Company, Ltd. 31,000 28,846
Fred’s, Inc., Class A (L) 4,664 64,130
Golden Eagle Retail Group, Ltd. 29,000 63,247
Gordmans Stores, Inc. (I) 678 12,075
Harvey Norman Holding, Ltd. (L) 28,141 53,939
Hyundai Department Store Company, Ltd. 394 48,364
Intime Department Store Group Company, Ltd. 43,000 44,870
Isetan Mitsukoshi Holdings, Ltd. 15,240 152,776
J Front Retailing Company, Ltd. 19,000 88,961
J.C. Penney Company, Inc. (L) 19,535 512,403
Kohl’s Corp. 34,225 1,568,190
Lifestyle International Holdings, Ltd. 26,000 56,500
Lojas Renner SA 5,500 158,576
Lotte Shopping Company, Ltd. 264 70,323
Macy’s, Inc. 55,938 2,128,441
Marks & Spencer Group PLC 90,151 462,120
Marui Group Company, Ltd. 9,000 63,312
Next PLC 9,841 460,676
Nordstrom, Inc. 21,588 1,022,624
Parkson Retail Group, Ltd. 60,500 59,463
PPR 2,398 342,972
Saks, Inc. (I) (L) 39,214 386,650
Sears Holdings Corp. (I) (L) 5,169 255,349
Shinsegae Company, Ltd. 187 36,395
Takashimaya Company, Ltd. 11,000 77,345
Target Corp. 90,698 5,252,321
The Bon-Ton Stores, Inc. (L) 1,546 8,132
Tuesday Morning Corp. (I) 5,551 23,203
Woolworths Holdings, Ltd. 43,968 253,012
 
    16,982,377
Specialty Retail - 2.0%    
Aaron’s, Inc. 12,163 322,928
ABC-MART, Inc. 1,100 41,481
Abercrombie & Fitch Company, Class A 11,566 387,924
Advance Auto Parts, Inc. 11,666 850,918
Aeropostale, Inc. (I) 22,957 424,705
American Eagle Outfitters, Inc. 30,993 598,475
Americas Car-Mart, Inc. (I) 1,101 47,508
ANN, Inc. (I) 13,748 369,684
Asbury Automotive Group, Inc. (I) 3,638 97,244
Ascena Retail Group, Inc. (I) 37,262 705,370
AutoNation, Inc. (I) (L) 5,721 206,070
AutoZone, Inc. (I) 3,683 1,400,498
Barnes & Noble, Inc. (I) (L) 10,121 166,288
Bebe Stores, Inc. 4,868 31,058
Bed Bath & Beyond, Inc. (I) 31,973 2,310,049
Belle International Holdings, Ltd. 197,888 315,523
Best Buy Company, Inc. (L) 38,320 717,350
Big 5 Sporting Goods Corp. 2,851 18,560
Body Central Corp. (I) 1,506 22,063

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Specialty Retail (continued)    
Brown Shoe Company, Inc. 5,202 $ 61,852
Build-A-Bear Workshop, Inc. (I) 1,969 8,939
Cabela’s, Inc. (I) 5,391 190,518
CarMax, Inc. (I) 30,600 863,226
Casual Male Retail Group, Inc. (I) 5,529 16,863
Charming Shoppes, Inc. (I) 14,486 106,327
Chico’s FAS, Inc. 26,824 391,899
China ZhengTong Auto    
Services Holdings, Ltd. (I) 39,000 24,572
Christopher & Banks Corp. 4,498 5,398
Cia Hering 5,500 114,262
Citi Trends, Inc. (I) 1,958 27,060
Coldwater Creek, Inc. (I) 9,223 7,655
Collective Brands, Inc. (I) 17,328 368,567
Conn’s, Inc. (I) (L) 1,832 32,042
Cost Plus, Inc. (I) 2,378 52,554
Destination Maternity Corp. 1,404 27,378
Dick’s Sporting Goods, Inc. 15,449 718,379
Express, Inc. (I) 6,875 127,188
Fast Retailing Company, Ltd. 2,200 488,652
Foot Locker, Inc. 24,192 767,854
Francesca’s Holdings Corp. (I) 1,242 29,137
GameStop Corp., Class A (L) 18,425 353,392
Genesco, Inc. (I) 2,954 196,441
GNC Holdings, Inc., Class A 2,822 108,732
GOME Electrical    
Appliances Holdings, Ltd. (L) 431,695 67,426
Group 1 Automotive, Inc. 2,825 147,917
Guess?, Inc. (L) 10,686 284,675
Haverty Furniture Companies, Inc. 2,458 29,840
Hengdeli Holdings, Ltd. 96,000 28,019
Hennes & Mauritz AB, B Shares (L) 33,075 987,078
hhgregg, Inc. (I) (L) 2,108 22,661
Hibbett Sports, Inc. (I) (L) 3,421 191,679
HOT Topic, Inc. 5,351 53,028
Hotai Motor Company, Ltd. 8,000 52,187
Inditex SA 6,918 573,488
Jos A. Bank Clothiers, Inc. (I) 3,451 153,086
Kingfisher PLC 134,254 585,692
Kirkland’s, Inc. (I) 1,997 21,647
Limited Brands, Inc. 33,218 1,473,550
Lithia Motors, Inc., Class A (L) 2,755 67,277
Lowe’s Companies, Inc. 167,595 4,478,138
Lumber Liquidators Holdings, Inc. (I) (L) 2,867 83,401
MarineMax, Inc. (I) 2,988 28,804
Mattress Firm Holding Corp. (I) 704 24,098
Monro Muffler Brake, Inc. (L) 3,821 129,112
New York & Company, Inc. (I) 3,420 12,073
Nitori Holdings Company, Ltd. 1,550 139,860
O’Reilly Automotive, Inc. (I) 17,194 1,647,013
Office Depot, Inc. (I) 79,303 170,501
OfficeMax, Inc. (I) 10,605 51,646
Pacific Sunwear of California, Inc. (I) (L) 5,951 8,510
Penske Automotive Group, Inc. 5,545 136,296
PEP Boys - Manny, Moe & Jack 6,521 60,515
PetSmart, Inc. 17,856 1,150,641
Pier 1 Imports, Inc. 12,211 199,039
RadioShack Corp. (L) 15,889 73,725
Rent-A-Center, Inc. 16,809 565,959
Ross Stores, Inc. 30,878 1,952,416
Rue21, Inc. (I) (L) 1,867 49,438
Sanrio Company, Ltd. 1,900 61,342
Select Comfort Corp. (I) 6,943 189,960
Shimamura Company, Ltd. 900 101,949
Shoe Carnival, Inc. (I) 1,761 37,298

 

197

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Specialty Retail (continued)    
Signet Jewelers, Ltd. 13,901 $ 606,918
Sonic Automotive, Inc. (L) 4,984 74,212
Stage Stores, Inc. 3,887 66,818
Staples, Inc. (L) 93,739 1,231,730
Stein Mart, Inc. (I) 3,544 25,659
Systemax, Inc. (I) 1,371 16,671
Talbots, Inc. (I) (L) 8,738 21,321
Teavana Holdings, Inc. (I) 890 11,819
The Buckle, Inc. (L) 3,356 131,354
The Cato Corp., Class A 3,467 99,503
The Children’s Place Retail Stores, Inc. (I) 3,054 140,392
The Finish Line, Inc., Class A 6,474 133,494
The Foschini Group, Ltd. 12,016 168,533
The Gap, Inc. 44,843 1,188,340
The Home Depot, Inc. 208,188 10,271,996
The Men’s Wearhouse, Inc. 6,409 230,660
The Wet Seal, Inc., Class A (I) (L) 11,474 32,586
Tiffany & Company 17,147 949,772
TJX Companies, Inc. 101,866 4,325,230
Tractor Supply Company 11,408 1,042,121
Truworths International, Ltd. 25,412 246,757
Urban Outfitters, Inc. (I) 14,996 419,438
USS Company, Ltd. 910 91,934
Vitamin Shoppe, Inc. (I) 3,093 153,165
West Marine, Inc. (I) 1,935 20,163
Williams-Sonoma, Inc. (L) 16,456 574,479
Winmark Corp. 321 16,426
Yamada Denki Company, Ltd. 3,350 167,657
Zale Corp. (I) 3,987 9,330
Zhongsheng Group Holdings, Ltd. 25,000 40,213
Zumiez, Inc. (I) (L) 2,648 97,420
 
    52,819,678
Textiles, Apparel & Luxury Goods - 0.8%    
Adidas AG 6,720 500,959
Anta Sports Products, Ltd. 38,000 31,134
Asics Corp. 6,300 66,880
Bosideng International Holdings, Ltd. 110,000 24,907
Burberry Group PLC 25,051 528,441
Carter’s, Inc. (I) 14,322 772,385
Cherokee, Inc. 1,231 14,883
China Dongxiang Group Company 129,500 16,491
Christian Dior SA 1,742 228,616
Cie Financiere Richemont SA 18,566 1,062,684
Coach, Inc. 38,862 2,621,242
Columbia Sportswear Company (L) 1,517 72,953
Crocs, Inc. (I) 11,250 190,238
Daphne International Holdings, Ltd. 40,000 43,195
Deckers Outdoor Corp. (I) (L) 6,190 344,597
Delta Apparel, Inc. (I) 1,015 14,383
Fifth & Pacific Companies, Inc. (I) 11,783 141,043
Formosa Taffeta Company, Ltd. 27,000 24,401
Fossil, Inc. (I) 7,010 512,852
G-III Apparel Group, Ltd. (I) (L) 2,064 51,001
Gildan Activewear, Inc. 3,795 89,322
Hanesbrands, Inc. (I) 15,605 434,755
Iconix Brand Group, Inc. (I) 9,105 136,393
K-Swiss, Inc., Class A (I) (L) 3,371 10,079
Kenneth Cole Productions, Inc., Class A (I) 1,068 16,127
Luxottica Group SpA 3,956 128,299
LVMH Moet Hennessy Louis Vuitton SA 8,057 1,194,995
Maidenform Brands, Inc. (I) 2,950 56,935
Movado Group, Inc. 2,180 60,386
NIKE, Inc., Class B 49,581 5,363,673
Oxford Industries, Inc. 1,605 73,910

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Textiles, Apparel & Luxury Goods (continued)    
Perry Ellis International, Inc. (I) 1,556 $ 29,268
Pou Chen Corp. 76,000 65,773
PVH Corp. 10,815 876,015
Quiksilver, Inc. (I) (L) 16,128 44,352
Ralph Lauren Corp. 8,729 1,298,875
RG Barry Corp. 1,245 16,011
Ruentex Industries, Ltd. 16,000 25,489
Skechers U.S.A., Inc., Class A (I) 4,628 78,630
Steven Madden, Ltd. (I) 4,730 191,754
The Jones Group, Inc. 10,048 96,863
The Swatch Group AG 1,442 95,747
The Swatch Group AG, BR Shares 1,114 430,240
The Warnaco Group, Inc. (I) 11,499 511,820
True Religion Apparel, Inc. 3,232 94,795
Under Armour, Inc., Class A (I) (L) 5,879 592,192
Unifi, Inc. (I) 1,823 20,108
Vera Bradley, Inc. (I) (L) 2,456 53,713
VF Corp. 11,801 1,664,413
Wolverine World Wide, Inc. 6,180 262,712
Yue Yuen Industrial Holdings, Ltd. 33,500 104,490
 
    21,381,419
 
    270,954,314
Consumer Staples - 9.7%    
Beverages - 2.2%    
Anheuser-Busch InBev NV 25,506 1,726,401
Asahi Group Holdings, Ltd. 16,100 343,266
Beam, Inc. 21,165 1,281,752
Boston Beer Company, Inc. (I) 1,037 108,729
Brown Forman Corp., Class B 13,416 1,169,607
Central European Distribution Corp. (I) (L) 9,085 35,613
Coca Cola Hellenic Bottling Company SA (I) 6,252 107,982
Coca-Cola Amatil, Ltd. 31,620 395,633
Coca-Cola Bottling Company Consolidated 620 37,987
Coca-Cola Enterprises, Inc. 40,560 1,109,722
Coca-Cola West Japan Company, Ltd. 2,800 46,940
Companhia de Bebidas das Americas 33,400 1,276,813
Constellation Brands, Inc., Class A (I) 23,191 447,354
Craft Brewers Alliance, Inc. (I) 1,597 12,696
Diageo PLC 142,464 3,396,196
Dr. Pepper Snapple Group, Inc. 28,641 1,181,728
Heineken Holding NV 3,842 155,702
Heineken NV 8,358 400,209
Kirin Holdings Company, Ltd. 34,000 389,511
Molson Coors Brewing Company, Class B 21,209 815,486
Monster Beverage Corp. (I) 24,259 1,761,203
National Beverage Corp. (I) 1,533 22,167
PepsiCo, Inc. 212,116 14,392,071
Pernod-Ricard SA 6,339 621,588
Primo Water Corp. (I) (L) 1,787 2,216
SABMiller PLC 54,337 2,012,176
San Miguel Corp. 16,170 43,420
The Coca-Cola Company 305,642 22,840,627
Tsingtao Brewery Company, Ltd., H Shares (I) 14,000 87,817
 
    56,222,612
Food & Staples Retailing - 2.1%    
AEON Company, Ltd. 24,800 300,128
Alimentation Couche Tard, Inc. 3,870 153,061
Alliance Global Group, Inc. 172,800 49,369
Arden Group, Inc. 81 6,685
Carrefour SA 18,055 311,531
Casey’s General Stores, Inc. 4,762 269,672
Casino Guichard Perrachon SA (L) 1,753 147,006
China Resources Enterprises, Ltd. 50,855 161,411

 

198

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food & Staples Retailing (continued)    
Colruyt SA 2,355 $ 94,689
Costco Wholesale Corp. 58,736 5,074,203
CP ALL PCL 158,600 170,739
CVS Caremark Corp. 175,884 7,904,227
Delhaize Group SA (L) 3,207 116,934
Distribuidora Internacional    
de Alimentacion SA (I) 18,594 81,468
E-Mart Company, Ltd. 542 121,132
Empire Company, Ltd. 916 48,884
FamilyMart Company, Ltd. 2,600 117,978
George Weston, Ltd. 1,667 94,418
Harris Teeter Supermarkets, Inc. 14,031 526,583
Ingles Markets, Inc. 1,807 28,207
J Sainsbury PLC 69,306 308,943
Jeronimo Martins SGPS SA 7,131 126,854
Kesko OYJ, B Shares 2,000 50,173
Koninklijke Ahold NV 36,937 434,887
Lawson, Inc. 2,500 174,993
Loblaw Companies, Ltd. (L) 3,645 111,660
Magnit OJSC (I) 13,118 324,174
Massmart Holdings, Ltd. 6,285 121,427
Metcash, Ltd. 42,141 156,716
Metro AG 4,113 118,390
Metro, Inc. 3,279 161,942
Nash Finch Company 1,586 32,687
Olam International, Ltd. 64,789 83,380
Pick’n Pay Stores, Ltd. 12,896 68,653
President Chain Store Corp. 19,000 100,193
Pricesmart, Inc. 2,219 149,960
Raia Drogasil SA 8,100 74,901
Rite Aid Corp. (I) 72,954 94,840
Roundy’s, Inc. (L) 2,592 27,968
Safeway, Inc. (L) 36,193 688,391
Seven & I Holdings Company, Ltd. 30,800 924,437
Shoppers Drug Mart Corp. (L) 6,975 278,298
Shoprite Holdings, Ltd. 25,012 407,148
Spartan Stores, Inc. 2,994 50,150
Sun Art Retail Group, Ltd. 82,500 101,660
SUPERVALU, Inc. (L) 35,344 159,755
Susser Holdings Corp. (I) 1,259 36,826
Sysco Corp. 78,948 2,203,439
Tesco PLC 455,638 2,125,776
The Andersons, Inc. 2,331 101,515
The Chefs’ Warehouse, Inc. (I) 1,261 24,022
The Fresh Market, Inc. (I) 3,529 205,105
The Kroger Company 77,621 1,708,438
The Pantry, Inc. (I) 3,001 38,743
The Spar Group, Ltd. 10,117 130,977
United Natural Foods, Inc. (I) 6,057 307,090
Village Super Market, Inc. 417 10,425
Wal-Mart Stores, Inc. 235,879 15,525,556
Walgreen Company 117,966 3,600,322
Weis Markets, Inc. 1,422 62,056
Wesfarmers, Ltd. 54,690 1,554,200
Whole Foods Market, Inc. 21,919 1,942,243
WM Morrison Supermarket PLC 123,533 526,146
Woolworths, Ltd. 66,671 1,716,549
Wumart Stores, Inc., H Shares (I) 23,000 50,747
 
    52,981,080
Food Products - 2.1%    
Ajinomoto Company, Inc. 27,000 364,311
Alico, Inc. 520 12,698
Archer-Daniels-Midland Company 89,353 2,848,574
Aryzta AG (I) 3,174 143,564

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food Products (continued)    
Associated British Foods PLC 20,564 $ 377,215
Astra Agro Lestari Tbk PT 17,000 36,912
B&G Foods, Inc. 6,005 144,600
Barry Callebaut AG (I) 71 63,128
Cal-Maine Foods, Inc. (L) 1,825 64,861
Calavo Growers, Inc. 1,556 42,619
Campbell Soup Company (L) 24,105 764,129
Charoen Pokphand Foods PCL 118,200 141,179
Charoen Pokphand Indonesia Tbk PT 293,000 81,697
China Agri-Industries Holdings, Ltd. 71,784 51,757
China Mengniu Dairy Company, Ltd. 53,498 147,668
China Yurun Food Group, Ltd. 59,400 61,010
Chiquita Brands International, Inc. (I) 5,688 30,829
CJ CheilJedang Corp. 209 59,483
ConAgra Foods, Inc. 55,720 1,401,358
Corn Products International, Inc. (I) 12,190 622,787
Cosan SA Industria e Comercio 5,500 81,702
Danone SA (L) 18,568 1,191,955
Darling International, Inc. (I) 14,607 204,644
Dean Foods Company (I) 24,883 389,170
Diamond Foods, Inc. (L) 2,745 57,920
Dole Food Company, Inc. (I) 4,488 39,853
Farmer Brothers Company (I) 980 6,703
Flowers Foods, Inc. 18,058 397,637
Fresh Del Monte Produce, Inc. 4,564 107,117
General Mills, Inc. 87,060 3,332,657
Golden Agri-Resources, Ltd. 296,240 148,990
Green Mountain Coffee Roasters, Inc. (I) (L) 20,808 491,069
H.J. Heinz Company 43,202 2,293,162
Hormel Foods Corp. 18,542 554,591
Imperial Sugar Company (L) 1,550 9,781
Indofood Sukses Makmur Tbk PT 150,500 75,543
J&J Snack Foods Corp. 1,840 101,329
JBS SA (I) 33,900 91,606
Kellogg Company 33,281 1,623,447
Kerry Group PLC 2,264 97,706
Kerry Group PLC (London Exchange) 2,564 109,648
Kikkoman Corp. 7,000 82,730
Kraft Foods, Inc., Class A 238,798 9,138,799
Lancaster Colony Corp. 5,546 373,357
Lifeway Foods, Inc. 977 9,643
Limoneira Company 531 8,172
Lindt & Spruengli AG (I) 32 93,047
Lindt & Spruengli AG - REG (I) 4 138,840
Lotte Confectionery Company, Ltd. 20 26,326
McCormick & Company, Inc., Non-    
Voting Shares 17,968 1,012,676
Mead Johnson Nutrition Company 27,506 2,220,834
MEIJI Holdings Company, Ltd. 3,000 124,700
Nestle SA 117,283 6,661,724
Nippon Meat Packers, Inc. 7,000 83,334
Nisshin Seifun Group, Inc. 8,000 88,957
Nissin Food Products Company, Ltd. 2,500 91,190
Omega Protein Corp. (I) 2,558 17,062
Perdigao SA 29,100 452,909
Pilgrim’s Pride Corp. (I) 7,540 61,903
Post Holdings, Inc. (I) 4,415 132,759
Ralcorp Holdings, Inc. (I) 8,833 561,337
Sanderson Farms, Inc. (L) 2,772 152,294
Saputo, Inc. (L) 4,629 191,820
Sara Lee Corp. 79,896 1,669,826
Seneca Foods Corp., Class A (I) 615 13,401
Smart Balance, Inc. (I) 7,589 45,003
Smithfield Foods, Inc. (I) 25,749 506,483
Snyders-Lance, Inc. 5,926 152,832

 

199

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food Products (continued)    
Standard Foods Corp. 8,000 $ 24,284
Suedzucker AG 2,300 70,007
Tate & Lyle PLC 27,145 281,463
The Hain Celestial Group, Inc. (I) (L) 4,486 248,928
The Hershey Company 20,711 1,384,737
The J.M. Smucker Company 15,311 1,172,210
Tiger Brands, Ltd. 9,592 273,390
Tingyi (Cayman Islands) Holding Corp. 84,000 199,044
Tootsie Roll Industries, Inc. (L) 7,180 160,473
Toyo Suisan Kaisha, Ltd. 4,000 102,153
TreeHouse Foods, Inc. (I) 4,442 253,238
Tyson Foods, Inc., Class A 39,364 762,481
Uni-President Enterprises Corp. 129,000 193,928
Unilever NV (L) 51,850 1,635,350
Unilever PLC 73,173 2,312,908
Viterra, Inc. 12,137 188,016
Want Want China Holdings, Ltd. 256,000 292,414
Wilmar International, Ltd. 83,000 234,732
Yakult Honsha Company, Ltd. (L) 4,100 142,826
Yamazaki Baking Company, Ltd. 6,000 83,056
 
    52,994,205
Household Products - 1.5%    
Central Garden & Pet Company, Class A (I) 5,304 48,903
Church & Dwight Company, Inc. 22,779 1,212,754
Clorox Company 17,531 1,206,133
Colgate-Palmolive Company 64,765 6,366,400
Energizer Holdings, Inc. (I) (L) 10,550 769,201
Harbinger Group, Inc. (I) 1,150 5,474
Henkel AG & Company, KGaA 4,129 226,456
Kimberly-Clark Corp. 53,166 4,218,722
LG Household & Health Care, Ltd. 248 122,629
Oil-Dri Corp of America 462 8,884
Reckitt Benckiser Group PLC 35,320 1,876,512
Spectrum Brands Holdings, Inc. (I) 2,071 71,491
The Procter & Gamble Company 371,983 23,170,821
Unicharm Corp. 4,800 259,346
Unilever Indonesia Tbk PT 37,000 80,820
WD-40 Company 2,030 94,963
 
    39,739,509
Personal Products - 0.2%    
Amorepacific Corp. 85 78,067
Avon Products, Inc. 58,200 963,210
Beiersdorf AG 3,325 209,831
Elizabeth Arden, Inc. (I) 3,067 105,689
Hengan International Group Company, Ltd. 32,000 305,095
Hypermarcas SA (I) 12,700 69,455
Inter Parfums, Inc. 2,065 32,421
Kao Corp. 21,800 562,401
L’Oreal SA 7,648 863,301
Medifast, Inc. (I) 1,759 31,768
Natura Cosmeticos SA 7,700 165,312
Nature’s Sunshine Products, Inc. 1,538 22,455
Nu Skin Enterprises, Inc., Class A (L) 6,832 292,956
Nutraceutical International Corp. (I) 1,298 19,418
Prestige Brands Holdings, Inc. (I) 6,269 86,073
Revlon, Inc. (I) 1,366 20,340
Schiff Nutrition International, Inc. (I) 1,676 28,157
Shiseido Company, Ltd. 15,100 236,992
Synutra International, Inc. (I) 1,145 5,656
The Estee Lauder Companies, Inc., Class A 30,368 1,644,427
The Female Health Company (L) 1,292 7,261
USANA Health Sciences, Inc. (I) (L) 820 33,128
 
    5,783,413

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Tobacco - 1.6%    
Alliance One International, Inc. (I) (L) 11,010 $ 31,599
Altria Group, Inc. 276,264 8,892,938
British American Tobacco PLC 112,214 5,282,956
Gudang Garam Tbk PT 19,500 111,632
Imperial Tobacco Group PLC 57,536 2,077,739
Japan Tobacco, Inc. 185 1,030,941
KT&G Corp. 2,877 191,623
Lorillard, Inc. 17,825 2,203,170
Philip Morris International, Inc. 232,541 19,652,040
Reynolds American, Inc. 45,129 1,888,197
Souza Cruz SA 17,100 228,921
Star Scientific, Inc. (I) (L) 13,280 51,526
Swedish Match AB 7,111 269,954
Universal Corp. 6,598 298,032
Vector Group, Ltd. (L) 5,955 98,853
 
    42,310,121
 
    250,030,940
Energy - 9.6%    
Energy Equipment & Services - 1.5%    
AMEC PLC 18,953 284,464
Atwood Oceanics, Inc. (I) 9,071 346,603
Baker Hughes, Inc. 59,094 2,465,993
Basic Energy Services, Inc. (I) 2,982 33,816
Bristow Group, Inc. 4,546 182,067
C&J Energy Services, Inc. (I) (L) 1,478 26,427
Cal Dive International, Inc. (I) (L) 11,865 30,493
Cameron International Corp. (I) 33,245 1,518,964
CARBO Ceramics, Inc. 3,175 258,318
China Oilfield Services, Ltd., H Shares 66,000 90,901
Cie Generale de Geophysique-Veritas (I) 4,594 100,318
Dawson Geophysical Company (I) 1,033 23,449
Diamond Offshore Drilling, Inc. (L) 9,388 546,194
Dresser-Rand Group, Inc. (I) 12,088 530,421
Dril-Quip, Inc. (I) 9,820 594,994
Exterran Holdings, Inc. (I) (L) 7,935 91,570
FMC Technologies, Inc. (I) 32,287 1,299,229
Fugro NV 2,219 128,286
Geokinetics, Inc. (I) (L) 1,371 556
Global Geophysical Services, Inc. (I) 2,284 16,194
Gulf Islands Fabrication, Inc. 1,848 46,200
Gulfmark Offshore, Inc., Class A (I) 2,975 106,178
Halliburton Company 124,648 3,746,919
Heckmann Corp. (I) (L) 12,427 42,003
Helix Energy Solutions Group, Inc. (I) 30,105 515,699
Helmerich & Payne, Inc. 14,502 656,941
Hercules Offshore, Inc. (I) 16,356 54,138
Hornbeck Offshore Services, Inc. (I) 3,848 128,485
ION Geophysical Corp. (I) 16,343 99,039
Key Energy Services, Inc. (I) 15,536 153,962
Lufkin Industries, Inc. (L) 4,192 240,914
Matrix Service Company (I) 3,384 35,160
Mitcham Industries, Inc. (I) 1,548 29,257
Nabors Industries, Ltd. (I) 38,987 528,274
National Oilwell Varco, Inc. 57,291 3,824,174
Natural Gas Services Group, Inc. (I) 1,736 23,922
Newpark Resources, Inc. (I) (L) 11,296 65,404
Noble Corp. (I) 34,055 1,064,900
Oceaneering International, Inc. 17,282 798,774
Oil States International, Inc. (I) 8,214 546,806
OYO Geospace Corp. (I) 548 50,849
Parker Drilling Company (I) 14,539 71,096
Patterson-UTI Energy, Inc. 24,731 373,933
Petrofac, Ltd. 14,794 353,149

 

200

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Energy Equipment & Services (continued)    
PHI, Inc. (I) 875 $ 20,834
Pioneer Drilling Company (I) 7,675 57,102
Precision Drilling Corp. (I) 7,522 58,699
RigNet, Inc. (I) 899 14,033
Rowan Companies Plc (I) 16,690 500,700
Saipem SpA 8,489 332,059
SBM Offshore NV (I) 5,522 72,607
Schlumberger, Ltd. 180,128 11,393,096
Superior Energy Services, Inc. (I) 25,211 545,566
Technip SA 3,143 288,331
Tenaris SA 15,022 234,745
Tesco Corp. (I) 3,801 45,688
Tetra Technologies, Inc. (I) 9,580 61,216
Tidewater, Inc. 8,203 369,791
Transocean, Ltd. 12,277 497,063
Union Drilling, Inc. (I) 2,049 9,487
Unit Corp. (I) 6,637 264,086
Vantage Drilling Company (I) 21,700 32,550
Willbros Group, Inc. (I) 4,971 28,434
WorleyParsons, Ltd. 10,555 263,168
 
    37,214,688
Oil, Gas & Consumable Fuels - 8.1%    
Abraxas Petroleum Corp. (I) (L) 10,377 28,641
Adaro Energy Tbk PT 268,000 41,828
Alon USA Energy, Inc. 1,368 11,587
Alpha Natural Resources, Inc. (I) 29,713 311,392
Amyris, Inc. (I) (L) 2,187 5,927
Anadarko Petroleum Corp. 67,313 4,106,093
Apache Corp. 51,902 4,223,785
Apco Oil and Gas International, Inc. 1,176 26,778
Approach Resources, Inc. (I) 3,263 91,462
ARC Resources, Ltd. (L) 9,308 186,457
Arch Coal, Inc. (L) 34,120 216,321
Athabasca Oil Corp. (I) 9,714 100,540
ATP Oil & Gas Corp. (I) (L) 5,524 29,167
Banpu PCL 4,600 65,064
Baytex Energy Corp. 3,826 167,768
Berry Petroleum Company, Class A (L) 6,432 250,269
BG Group PLC 192,905 3,713,174
Bill Barrett Corp. (I) 13,394 258,638
Bonanza Creek Energy, Inc. (I) 1,247 21,274
Bonavista Energy Corp. 4,586 78,635
BP PLC 1,077,808 6,551,351
BPZ Resources, Inc. (I) (L) 12,696 39,231
Bumi Resources Tbk PT 306,000 46,101
Cabot Oil & Gas Corp. 28,338 922,119
Callon Petroleum Company (I) 5,012 21,602
Caltex Australia, Ltd. 7,260 96,291
Camac Energy, Inc. (I) 7,806 5,716
Cameco Corp. 12,777 245,681
Canadian Natural Resources, Ltd. 35,619 1,022,859
Canadian Oil Sands, Ltd. 15,724 305,848
Carrizo Oil & Gas, Inc. (I) (L) 4,854 107,322
Cenovus Energy, Inc. 24,511 772,458
Ceres, Inc. (I) 722 7,617
Cheniere Energy, Inc. (I) (L) 19,190 269,428
Chesapeake Energy Corp. (L) 89,470 1,512,043
Chevron Corp. 266,987 26,247,492
China Coal Energy Company, Ltd., H Shares 175,295 162,106
China Petroleum & Chemical Corp., H Shares 714,030 636,974
China Shenhua Energy Company, Ltd.,    
H Shares 144,500 506,054
Cimarex Energy Company 13,709 730,278
Clayton Williams Energy, Inc. (I) 743 42,455

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Clean Energy Fuels Corp. (I) (L) 6,154 $ 83,756
Cloud Peak Energy, Inc. (I) 7,591 117,509
CNOOC, Ltd. 759,716 1,366,717
Comstock Resources, Inc. (I) (L) 5,924 88,564
ConocoPhillips 172,821 9,014,343
CONSOL Energy, Inc. 30,669 861,186
Contango Oil & Gas Company (I) 1,560 81,962
Cosmo Oil Company, Ltd. 25,000 62,857
Crescent Point Energy Corp. (L) 9,311 358,160
Crimson Exploration, Inc. (I) 2,982 11,839
Crosstex Energy, Inc. 5,079 68,617
CVR Energy, Inc. (I) 2,047 52,076
Delek US Holdings, Inc. 1,784 28,740
Denbury Resources, Inc. (I) 52,707 796,930
Devon Energy Corp. 54,574 3,248,244
DHT Holdings, Inc. 8,040 5,459
Enbridge, Inc. (L) 24,180 955,401
Encana Corp. (L) 23,802 475,648
Endeavour International Corp. (I) (L) 4,639 46,344
Energen Corp. 11,535 509,270
Energy Partners, Ltd. (I) 3,630 57,318
Energy XXI Bermuda, Ltd. 9,403 291,963
Enerplus Corp. (L) 6,342 87,990
ENI SpA 76,262 1,478,891
EOG Resources, Inc. 36,339 3,608,463
EQT Corp. 20,189 936,366
Essar Energy PLC (I) (L) 18,419 38,887
Evolution Petroleum Corp. (I) 2,270 18,205
Exxon Mobil Corp. 636,522 50,049,725
Forest Oil Corp. (I) 17,925 149,674
Formosa Petrochemical Corp. 37,000 100,777
Frontline, Ltd. (L) 6,349 29,904
FX Energy, Inc. (I) 6,648 32,376
Galp Energia SGPS SA 7,418 88,429
Gastar Exploration, Ltd. (I) 7,634 13,741
Gazprom OAO, ADR (L) 265,200 2,328,456
GeoResources, Inc. (I) 2,523 90,071
Gevo, Inc. (I) (L) 726 4,407
GMX Resources, Inc. (I) (L) 8,492 8,219
Golar LNG, Ltd. (L) 4,981 174,484
Goodrich Petroleum Corp. (I) 3,215 47,486
Green Plains Renewable Energy, Inc. (I) 2,198 15,584
GS Holdings Corp. 1,319 61,784
Gulfport Energy Corp. (I) 5,697 105,281
Hallador Energy Company 1,008 7,106
Harvest Natural Resources, Inc. (I) 4,263 23,404
Hess Corp. 40,863 1,785,713
HollyFrontier Corp. 33,312 982,038
Houston American Energy Corp. (I) 2,152 3,336
HRT Participacoes em Petroleo SA (I) 10,000 33,468
Husky Energy, Inc. (L) 10,714 241,800
Hyperdynamics Corp. (I) (L) 20,764 15,781
Idemitsu Kosan Company, Ltd. 900 81,264
Imperial Oil, Ltd. 9,547 383,692
Indo Tambangraya Megah Tbk PT 14,000 50,237
Inpex Corp. 90 517,390
IRPC PCL 342,054 39,350
Isramco, Inc. (I) 72 5,676
James River Coal Company (I) (L) 4,429 11,117
Japan Petroleum Exploration Company, Ltd. 1,200 46,211
JX Holdings, Inc. 91,500 462,847
Kinder Morgan, Inc. 43,701 1,494,151
KiOR, Inc., Class A (I) (L) 1,351 12,227
Knightsbridge Tankers, Ltd. (L) 2,884 26,764
Kodiak Oil & Gas Corp. (I) 32,142 260,672

 

201

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Kunlun Energy Company, Ltd. 98,000 $ 167,612
L&L Energy, Inc. (I) 2,934 4,372
LUKOIL OAO, ADR 25,100 1,314,738
Lundin Petroleum AB (I) 7,226 128,180
Magnum Hunter Resources Corp. (I) (L) 13,825 55,715
Marathon Oil Corp. 95,064 2,368,044
Marathon Petroleum Corp. 46,946 1,693,342
Matador Resources Company (I) (L) 1,756 17,648
McMoRan Exploration Company (I) (L) 12,202 118,725
MEG Energy Corp. (I) 4,114 137,220
Miller Energy Resources, Inc. (I) (L) 4,015 16,180
Murphy Oil Corp. 26,184 1,220,698
Neste Oil OYJ 3,974 36,763
Newfield Exploration Company (I) 17,892 536,044
Nexen, Inc. 17,196 269,715
Niko Resources, Ltd. 1,510 44,736
Noble Energy, Inc. 23,896 2,018,256
Nordic American Tanker Shipping, Ltd. (L) 6,517 81,723
Northern Oil and Gas, Inc. (I) (L) 18,026 323,206
NovaTek OAO, ADR 4,464 427,162
NovaTek OAO, GDR 903 78,251
Oasis Petroleum, Inc. (I) 7,416 190,517
Occidental Petroleum Corp. 109,534 8,682,760
OGX Petroleo e Gas Participacoes SA (I) 56,800 290,076
OMV AG 5,240 142,877
Origin Energy, Ltd. 58,970 739,094
Overseas Shipholding Group, Inc. (L) 3,300 36,036
Pacific Rubiales Energy Corp. 8,450 221,630
Panhandle Oil and Gas, Inc. 475 12,070
Patriot Coal Corp. (I) (L) 26,177 62,039
Peabody Energy Corp. 36,770 858,947
Pembina Pipeline Corp. 9,327 251,315
Pengrowth Energy Trust (L) 11,378 81,079
Penn Virginia Corp. (L) 5,692 31,989
Penn West Petroleum, Ltd. 15,402 205,489
PetroChina Company, Ltd., H Shares 897,739 1,126,071
Petroleo Brasileiro SA 130,500 1,281,156
Petroleum Development Corp. (I) 2,937 72,955
Petroquest Energy, Inc. (I) 7,025 34,774
Phillips 66 (I) 86,410 2,594,892
Pioneer Natural Resources Company 16,646 1,609,668
Plains Exploration & Production Company (I) 20,509 734,017
Progress Energy Resources Corp. (L) 5,981 64,799
PTT Exploration & Production PCL 39,606 195,447
PTT PCL, Foreign Shares 28,582 281,193
QEP Resources, Inc. 23,971 630,917
Quicksilver Resources, Inc. (I) (L) 18,928 84,608
Range Resources Corp. 21,318 1,224,506
Reliance Industries, Ltd., GDR (S) 14,431 349,519
Reliance Industries, Ltd., GDR (London    
Stock Exchange) (S) 30,865 748,435
Renewable Energy Group, Inc. (I) 1,025 7,114
Rentech, Inc. (I) 27,749 52,168
Repsol YPF SA 25,101 377,001
Resolute Energy Corp. (I) (L) 5,793 50,689
REX American Resources Corp. (I) 819 15,086
Rex Energy Corp. (I) 5,214 52,453
Rosetta Resources, Inc. (I) 6,628 256,437
Rosneft Oil Company, GDR 83,849 519,361
Royal Dutch Shell PLC, B Shares 151,735 4,894,495
Royal Dutch Shell PLC, Class A (London    
Stock Exchange) 206,480 6,423,594
S-Oil Corp. 1,175 92,090
Sanchez Energy Corp. (I) 1,256 30,332
Santos, Ltd. 51,462 600,234

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Sasol, Ltd. 31,877 $ 1,361,942
Scorpio Tankers, Inc. (I) 3,829 21,404
SemGroup Corp., Class A (I) 5,163 155,664
Ship Finance International, Ltd. (L) 5,583 86,481
Showa Shell Sekiyu KK 7,600 44,943
SK Innovation Company, Ltd. 1,558 184,417
SM Energy Company 10,256 554,747
Solazyme, Inc. (I) (L) 1,346 14,752
Southwestern Energy Company (I) 47,140 1,321,334
Spectra Energy Corp. 87,940 2,524,757
Stone Energy Corp. (I) 6,107 143,881
Suncor Energy, Inc. 51,130 1,387,592
Sunoco, Inc. 14,426 670,088
Surgutneftegas OJSC, ADR    
(London Exchange) 45,300 346,092
Surgutneftegas OJSC, ADR, Class B 6,200 30,876
Swift Energy Company (I) 5,282 105,165
Syntroleum Corp. (I) 11,332 7,254
Talisman Energy, Inc. 33,658 355,204
Tambang Batubara Bukit Asam Tbk PT 29,500 46,881
Targa Resources Corp. 2,056 91,163
Tatneft, ADR, Turquoise Exchange 12,772 393,569
Tatneft, ADR, U.S. Exchange 5,036 153,447
Teekay Tankers, Ltd., Class A (L) 6,494 26,431
Tesoro Corp. (I) 18,771 415,215
Thai Oil PCL 32,800 58,249
The Williams Companies, Inc. 79,977 2,441,698
TonenGeneral Sekiyu KK (L) 11,000 100,016
Total SA 67,079 2,902,391
Tourmaline Oil Corp. (I) 4,053 93,197
Trans-Canada Corp. (L) 22,932 939,838
Triangle Petroleum Corp. (I) 5,390 27,489
Tullow Oil PLC 51,477 1,141,830
Ultrapar Participacoes SA 14,500 298,289
Ur-Energy, Inc. (I) (L) 13,077 11,639
Uranerz Energy Corp. (I) (L) 8,224 11,102
Uranium Energy Corp. (I) (L) 9,475 21,793
Uranium Resources, Inc. (I) (L) 11,752 8,216
US Energy Corp. (I) 3,284 7,389
USEC, Inc. (I) (L) 14,443 10,431
Vaalco Energy, Inc. (I) 6,418 54,746
Valero Energy Corp. 74,963 1,581,719
Venoco, Inc. (I) 3,696 34,484
Vermilion Energy, Inc. (L) 3,022 127,217
Voyager Oil & Gas, Inc. (I) (L) 6,088 11,385
W&T Offshore, Inc. 4,350 66,860
Warren Resources, Inc. (I) 9,207 19,795
Western Refining, Inc. 6,537 126,426
Westmoreland Coal Company (I) 1,400 10,472
Whitehaven Coal, Ltd. 24,422 94,295
Woodside Petroleum, Ltd. 35,082 1,095,627
World Fuel Services Corp. 20,204 757,650
WPX Energy, Inc. (I) 26,825 393,523
Yanzhou Coal Mining Company, Ltd.,    
H Shares (I) 83,210 139,533
Zion Oil & Gas, Inc. (I) (L) 4,092 8,716
 
    209,029,746
 
    246,244,434
Financials - 16.1%    
Capital Markets - 1.6%    
3i Group PLC 56,287 152,301
Affiliated Managers Group, Inc. (I) 8,567 883,001
Ameriprise Financial, Inc. 29,967 1,436,019

 

202

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Capital Markets (continued)    
Apollo Investment Corp. 55,893 $ 415,844
Arlington Asset Investment Corp. 1,067 24,093
Artio Global Investors, Inc. (L) 3,970 12,109
BGC Partners, Inc., Class A 9,368 55,833
BlackRock Kelso Capital Corp. 9,187 86,358
BlackRock, Inc. 13,556 2,315,365
Calamos Asset Management, Inc. 2,462 26,787
Capital Securities Corp. 62,000 20,398
Capital Southwest Corp. 194 16,969
CETIP SA - Mercados Organizados 8,700 125,527
China Everbright, Ltd. 37,784 49,160
CI Financial Corp. 5,251 111,238
CIFC Corp. (I) 1,628 11,966
Cohen & Steers, Inc. (L) 2,223 71,914
Cowen Group, Inc., Class A (I) 8,677 22,040
Credit Suisse Group AG (I) 40,554 774,965
Daewoo Securities Company, Ltd. 4,613 39,768
Daiwa Securities Group, Inc. 69,000 216,640
Deutsche Bank AG (L) 29,536 1,066,090
Diamond Hill Investment Group, Inc. 173 11,569
Duff & Phelps Corp. 3,810 54,293
E*TRADE Financial Corp. (I) 34,292 291,139
Eaton Vance Corp. (L) 18,496 450,193
Edelman Financial Group, Inc. 2,813 24,164
Epoch Holding Corp. 1,877 43,133
Evercore Partners, Inc., Class A 2,608 64,444
FBR Capital Markets Corp. (I) 6,128 16,300
Federated Investors, Inc., Class B (L) 12,471 250,542
Fidus Investment Corp. 820 11,275
Fifth Street Finance Corp. 10,208 97,078
Financial Engines, Inc. (I) 4,791 100,515
Franklin Resources, Inc. 19,247 2,055,387
FXCM, Inc. 2,247 23,099
GAM Holding, Ltd. (I) 7,012 73,833
GAMCO Investors, Inc., Class A 898 37,276
GFI Group, Inc. (L) 8,959 24,368
Gladstone Capital Corp. (L) 2,879 21,305
Gladstone Investment Corp. 3,188 23,432
Gleacher & Company, Inc. (I) 9,954 8,461
Golub Capital BDC, Inc. 1,695 24,696
Greenhill & Company, Inc. (L) 4,625 161,274
Harris & Harris Group, Inc. (I) 4,300 15,179
Hercules Technology Growth Capital, Inc. 6,184 65,303
HFF, Inc. (I) 3,635 47,546
Hyundai Securities Company, Ltd. 3,218 22,181
ICAP PLC 31,501 165,445
ICG Group, Inc. (I) 4,692 40,820
IGM Financial, Inc. (L) 3,864 148,709
INTL FCStone, Inc. (I) 1,709 31,241
Invesco, Ltd. 60,253 1,310,503
Investec PLC 31,292 161,186
Investec, Ltd. 14,892 77,453
Investment Technology Group, Inc. (I) 4,853 46,006
Janus Capital Group, Inc. 30,138 220,007
Jefferies Group, Inc. (L) 24,052 321,335
JMP Group, Inc. 2,173 12,625
Julius Baer Group, Ltd. (I) 7,365 232,862
KBW, Inc. (L) 4,111 66,639
KGI Securities Company, Ltd. 97,000 44,144
Knight Capital Group, Inc., Class A (I) 12,534 157,552
Kohlberg Capital Corp. 2,779 15,813
Korea Investment Holdings Company, Ltd. 1,060 35,969
Ladenburg Thalmann    
Financial Services, Inc. (I) 13,666 19,952
Legg Mason, Inc. 16,794 427,407

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Capital Markets (continued)    
Macquarie Group, Ltd. 19,058 $ 502,203
Main Street Capital Corp. 2,916 67,680
Man Group PLC 105,268 118,451
Manning & Napier, Inc. 1,665 23,127
MCG Capital Corp. 9,682 42,698
Medallion Financial Corp. 2,061 21,270
Mediobanca SpA 16,980 59,616
Medley Capital Corp. 1,676 18,537
Mirae Asset Securities Company, Ltd. 634 16,877
Morgan Stanley 205,757 2,748,914
MVC Capital, Inc. 3,180 39,877
New Mountain Finance Corp. 1,091 15,492
NGP Capital Resources Company 3,013 20,609
Nomura Holdings, Inc. 148,900 487,630
Northern Trust Corp. 32,563 1,406,070
Oppenheimer Holdings, Inc., Class A 1,361 19,081
Partners Group Holding AG 505 83,839
PennantPark Investment Corp. 6,864 66,924
Piper Jaffray Companies (I) 1,965 43,053
Prospect Capital Corp. 15,132 162,972
Pzena Investment Management, Inc., Class A 1,189 4,899
Ratos AB 6,034 53,493
Raymond James Financial, Inc. 17,837 609,669
Safeguard Scientifics, Inc. (I) 2,643 40,041
Samsung Securities Company, Ltd. 1,494 63,668
SBI Holdings, Inc. 883 57,143
Schroders PLC 6,447 119,213
SEI Investments Company 23,164 414,867
Solar Capital, Ltd. 4,603 100,207
Solar Senior Capital, Ltd. 1,190 19,802
State Street Corp. 65,885 2,715,121
Stifel Financial Corp. (I) 6,691 212,707
SWS Group, Inc. (I) 3,878 22,299
T. Rowe Price Group, Inc. 34,235 1,971,594
Teton Advisors, Inc., Class A 20 251
The Bank of New York Mellon Corp. 162,705 3,312,674
The Charles Schwab Corp. 145,941 1,818,425
The Goldman Sachs Group, Inc. 66,838 6,396,397
THL Credit, Inc. 1,460 18,513
TICC Capital Corp. 4,954 46,914
Triangle Capital Corp. 3,427 69,705
UBS AG (I) 129,502 1,471,408
Virtus Investment Partners, Inc. (I) 843 59,752
Waddell & Reed Financial, Inc., Class A 13,691 393,069
Walter Investment Management Corp. 3,233 61,201
Westwood Holdings Group, Inc. 416 14,810
Woori Investment & Securities Company, Ltd. 3,380 30,279
Yuanta Financial Holdings Company, Ltd. (I) 268,000 117,965
 
    41,669,044
Commercial Banks - 5.2%    
1st Source Corp. 2,222 47,351
1st United Bancorp, Inc. (I) 4,378 25,217
ABSA Group, Ltd. 16,679 295,851
Agricultural Bank of China, Ltd., H Shares 783,000 316,944
Alliance Financial Corp. 342 10,735
Ameris Bancorp (I) 3,329 37,851
Ames National Corp. 564 11,455
Aozora Bank, Ltd. 24,000 50,531
Arrow Financial Corp. (L) 1,660 39,608
Associated Banc-Corp. 27,832 352,353
Australia & New Zealand Banking Group, Ltd. 143,198 2,919,815
Axis Bank Ltd. 19,188 334,607
Banca Carige SpA 21,122 17,217
Banca Intesa SpA 29,257 31,009

 

203

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Banca Monte dei Paschi di Siena SpA (I) (L) 153,335 $ 38,606
BancFirst Corp. 1,059 40,168
Banco Bilbao Vizcaya Argentaria SA 146,504 839,668
Banco de Sabadell SA (L) 63,947 104,947
Banco do Brasil SA 25,100 248,903
Banco Espirito Santo SA (I) 60,982 34,767
Banco Latinoamericano de    
Comercio Exterior SA 3,775 73,613
Banco Popolare Societa Cooperativa (I) 55,736 61,983
Banco Popular Espanol SA (L) 30,715 62,336
Banco Santander Brasil SA 33,200 268,319
Banco Santander SA 270,659 1,439,461
Bancorp, Inc. (I) 3,977 36,151
BancorpSouth, Inc. 25,177 339,638
Bangkok Bank PCL 18,800 106,188
Bangkok Bank PCL, Foreign Shares 30,500 179,463
Bank Central Asia Tbk PT 262,500 195,205
Bank Danamon Indonesia Tbk PT 117,698 66,382
Bank Mandiri Tbk PT 247,588 181,440
Bank Negara Indonesia Persero Tbk PT 246,698 96,932
Bank of Ayudhya PCL 62,300 55,457
Bank of China, Ltd., H Shares 2,841,321 1,084,885
Bank of Communications Company, Ltd.,    
H Shares 308,076 199,127
Bank of East Asia, Ltd. 67,693 228,480
Bank of Hawaii Corp. 7,343 340,275
Bank of Kyoto, Ltd. 12,000 87,266
Bank of Marin Bancorp 373 13,275
Bank of Montreal (L) 20,625 1,102,889
Bank of Nova Scotia 35,254 1,808,011
Bank of the Ozarks, Inc. (L) 3,760 109,190
Bank of the Philippine Islands 51,988 80,015
Bank Pan Indonesia Tbk PT (I) 25,750 2,411
Bank Rakyat Indonesia Tbk PT 298,000 178,814
Bankia SA (I) (L) 27,136 35,234
Bankinter SA 6,337 19,475
Banner Corp. 2,350 45,120
Barclays PLC 657,727 1,808,275
BB&T Corp. 94,160 2,845,515
BBCN Bancorp, Inc. (I) 9,514 102,656
BDO Unibank, Inc. 37,130 60,140
Bendigo and Adelaide Bank, Ltd. 19,188 136,164
BNP Paribas SA (L) 30,443 971,058
BOC Hong Kong Holdings, Ltd. 160,000 440,917
Boston Private Financial Holdings, Inc. (L) 9,978 90,002
Bridge Bancorp, Inc. 481 9,428
Bridge Capital Holdings (I) 648 9,940
Bryn Mawr Bank Corp. 777 15,905
BS Financial Group, Inc. 4,715 46,265
CaixaBank (L) 22,632 56,522
Camden National Corp. 522 16,829
Canadian Imperial Bank of Commerce 12,926 901,948
Capital Bank Corp. (I) 1,018 2,128
Capital City Bank Group, Inc. 1,957 13,151
Cardinal Financial Corp. 4,180 47,652
Cathay General Bancorp 22,677 375,985
Centerstate Banks, Inc. 2,013 14,574
Central Pacific Financial Corp. (I) 2,129 27,315
Chang Hwa Commercial Bank, Ltd. 128,000 66,406
Chemical Financial Corp. 1,818 36,960
Chiba Bank, Ltd. 30,000 168,532
China Citic Bank Corp., Ltd., H Shares 315,200 162,819
China Construction Bank Corp., H Shares 2,550,196 1,773,634
China Development Financial Holdings Corp. 287,000 72,041

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
China Merchants Bank Company, Ltd.,    
H Shares 165,855 $ 320,415
China Minsheng Banking Corp., Ltd.,    
H Shares 222,000 211,033
Chinatrust Financial Holding Company, Ltd. 328,000 182,801
Chongqing Rural Commercial Bank, H Shares 95,000 40,408
Chugoku Bank, Ltd. 6,000 70,810
Chuo Mitsui Trust Holdings, Inc. 125,000 313,708
Citizens & Northern Corp. 827 14,431
City Holding Company 2,189 70,442
City National Corp. 7,491 372,153
CNB Financial Corp. 856 12,780
CoBiz Financial, Inc. 5,079 30,880
Columbia Banking System, Inc. 5,112 92,629
Comerica, Inc. 26,690 811,910
Commerce Bancshares, Inc. 12,666 490,681
Commerzbank AG (I) 113,651 187,590
Commonwealth Bank of Australia 85,722 4,121,201
Community Bank Systems, Inc. 5,218 138,851
Community Trust Bancorp, Inc. 2,065 68,207
Credit Agricole SA (I) 31,053 111,318
Cullen/Frost Bankers, Inc. 9,803 557,693
CVB Financial Corp. 11,696 127,369
DBS Group Holdings, Ltd. 75,272 769,988
DGB Financial Group, Inc. 3,450 42,777
E.Sun Financial Holding Company, Ltd. 125,000 62,765
Eagle Bancorp, Inc. (I) 1,125 18,045
East West Bancorp, Inc. 23,784 532,524
Encore Bancshares, Inc. (I) 1,223 25,206
Enterprise Financial Services Corp. 2,409 26,041
Erste Group Bank AG (I) 6,007 104,911
Fifth Third Bancorp 124,228 1,658,444
Financial Institutions, Inc. 927 15,147
First Bancorp Troy NC 2,411 22,398
First Bancorp, Inc. Maine 624 8,861
First Busey Corp. 5,127 23,789
First Commonwealth Financial Corp. 13,637 85,504
First Community Bancshares, Inc. 2,425 30,046
First Connecticut Bancorp, Inc. 1,202 15,662
First Financial Bancorp 7,617 116,997
First Financial Bankshares, Inc. (L) 4,259 136,544
First Financial Corp./Indiana 1,653 46,367
First Financial Holding Company, Ltd. 183,000 106,893
First Horizon National Corp. 34,626 293,628
First Interstate Bancsystem, Inc. 2,521 35,168
First Merchants Corp. 3,667 43,014
First Midwest Bancorp, Inc. 9,643 97,298
First Niagara Financial Group, Inc. 56,285 454,220
First of Long Island Corp. 535 14,424
FirstMerit Corp. (L) 31,507 500,961
FNB Corp. 17,361 184,374
Fukuoka Financial Group, Inc. 31,000 113,791
Fulton Financial Corp. 32,043 324,596
German American Bancorp, Inc. 866 15,856
Glacier Bancorp, Inc. 9,321 133,756
Great Southern Bancorp, Inc. 684 16,012
Gunma Bank 15,000 66,195
Hampton Roads Bankshares, Inc. (I) 1,650 2,148
Hampton Roads Bankshares, Inc. (I) 1,650 2,310
Hampton Roads Bankshares, Inc. 1,650 2,387
Hana Financial Group, Inc. 5,660 178,154
Hancock Holding Company 23,295 710,265
Hang Seng Bank, Ltd. 33,000 425,902
Hanmi Financial Corp. (I) 4,249 39,898
HDFC Bank, Ltd., ADR (I) (L) 25,000 699,000

 

204

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Heartland Financial USA, Inc. 906 $ 17,214
Heritage Commerce Corp. (I) 3,329 20,507
Heritage Financial Corp. (L) 1,049 14,529
Hokuhoku Financial Group, Inc. 48,000 69,911
Home Bancshares, Inc. 3,154 88,722
HSBC Holdings PLC 1,014,678 8,014,107
Hua Nan Financial Holdings Company, Ltd. 156,000 85,651
Hudson Valley Holding Corp. 2,271 37,926
Huntington Bancshares, Inc. 116,733 763,434
IBERIABANK Corp. (L) 3,817 185,086
ICICI Bank, Ltd., ADR 15,500 436,325
Independent Bank Corp. - MA (L) 3,006 81,252
Industrial & Commercial Bank of China,    
H Shares 2,578,270 1,574,509
Industrial Bank of Korea 4,130 42,106
International Bancshares Corp. 15,361 283,718
Intesa Sanpaolo SpA 318,268 398,950
Investors Bancorp, Inc. (I) 6,198 92,598
Irish Bank Resolution Corp., Ltd. (I) 29,183 0
Israel Discount Bank, Ltd. (I) 1 1
Iyo Bank, Ltd. 9,000 67,552
Joyo Bank, Ltd. 25,000 103,008
Kasikornbank PCL 20,900 101,575
Kasikornbank PCL, Foreign Shares 42,200 207,790
KB Financial Group, Inc. 9,479 297,045
KBC Groep NV 4,983 76,601
KeyCorp 128,700 965,250
Korea Exchange Bank (I) 6,480 44,955
Krung Thai Bank PCL 129,200 60,915
Lakeland Bancorp, Inc. 1,534 13,788
Lakeland Financial Corp. 2,437 62,607
Lloyds Banking Group PLC (I) 2,340,427 923,539
M&T Bank Corp. 17,071 1,388,214
MainSource Financial Group, Inc. 2,908 32,162
MB Financial, Inc. 7,038 142,942
Mega Financial Holding Company, Ltd. 255,000 177,079
Meggitt PLC (I) 44,291 257,887
Merchants Bancshares, Inc. 356 9,420
Metro Bancorp, Inc. (I) 939 10,629
Metropolitan Bank & Trust Company 14,139 29,141
Mitsubishi UFJ Financial Group 520,200 2,239,901
Mizuho Financial Group, Inc. (L) 929,400 1,355,665
National Australia Bank, Ltd. (L) 119,790 2,627,130
National Bank of Canada (L) 5,142 366,713
National Bank of Greece SA (I) 32,205 40,505
National Bankshares, Inc. (L) 489 14,181
National Penn Bancshares, Inc. (L) 15,990 142,471
Natixis (L) 28,184 66,586
NBT Bancorp, Inc. 4,794 95,257
Nedbank Group, Ltd. 11,610 226,803
Nishi-Nippon City Bank, Ltd. 28,000 63,538
Nordea Bank AB 83,878 625,020
Old National Bancorp (L) 12,170 141,050
OmniAmerican Bancorp, Inc. (I) 774 15,310
Oriental Financial Group, Inc. 5,389 56,423
Orrstown Financial Services, Inc. (I) 1,239 9,392
Oversea-Chinese Banking Corp., Ltd. 109,964 711,639
Pacific Capital Bancorp (I) 551 25,098
Pacific Continental Corp. 2,982 26,838
PacWest Bancorp 3,943 89,940
Park National Corp. (L) 1,739 112,218
Park Sterling Corp. (I) 5,298 23,576
Penns Woods Bancorp, Inc. 281 10,656
Peoples Bancorp, Inc. 724 13,589
Pinnacle Financial Partners, Inc. (I) 4,478 76,395

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
PNC Financial Services Group, Inc. 71,249 $ 4,376,114
PrivateBancorp, Inc. 7,628 112,360
Prosperity Bancshares, Inc. 13,615 581,633
Raiffeisen Bank International AG (L) 1,490 41,337
Regions Financial Corp. 190,828 1,200,308
Renasant Corp. 1,671 25,550
Republic Bancorp, Inc., Class A 1,528 32,241
Resona Holdings, Inc. 76,200 285,466
Royal Bank of Canada (L) 46,577 2,324,679
Royal Bank of Scotland Group PLC (I) 986,744 306,683
S&T Bancorp, Inc. 3,879 66,602
Sandy Spring Bancorp, Inc. 1,600 28,464
Sberbank of Russia, ADR 105,800 1,048,478
SCBT Financial Corp. 2,001 67,814
Seacoast Banking Corp. of Florida (I) 11,538 17,422
Seven Bank, Ltd. 24,100 53,637
Shinhan Financial Group Company, Ltd. 11,043 354,566
Shinsei Bank, Ltd. 55,000 57,913
Shizuoka Bank, Ltd. 23,000 223,829
Siam Commercial Bank PCL 51,128 225,789
Sierra Bancorp 822 7,390
Signature Bank (I) 13,279 815,463
Simmons First National Corp., Class A 1,162 27,632
SinoPac Holdings Company, Ltd. 185,000 68,725
Skandinaviska Enskilda Banken AB, Series A 44,408 247,534
Societe Generale SA (I) 20,755 418,088
Southside Bancshares, Inc. 2,589 54,317
Southwest Bancorp, Inc. (I) 2,741 26,204
Standard Bank Group, Ltd. 68,966 929,255
Standard Chartered PLC 135,115 2,740,165
State Bank Financial Corp. (I) 4,337 73,078
State Bank of India, GDR 5,505 402,490
StellarOne Corp. 1,540 18,603
Sterling Bancorp 4,507 41,014
Sterling Financial Corp. (I) 3,476 62,290
Suffolk Bancorp (I) 1,573 18,609
Sumitomo Mitsui Financial Group 54,700 1,588,292
Sun Bancorp, Inc. (I) 5,838 13,661
SunTrust Banks, Inc. 71,894 1,647,810
Suruga Bank, Ltd. 7,000 64,082
Susquehanna Bancshares, Inc. 23,288 224,263
SVB Financial Group (I) (L) 12,406 740,142
Svenska Handelsbanken AB, Series A 15,658 439,895
Swedbank AB, Class A 26,376 377,680
SY Bancorp, Inc. 2,007 45,238
Synovus Financial Corp. 126,737 242,068
Taishin Financial Holdings Company, Ltd. 163,000 61,103
Taiwan Business Bank (I) 90,000 25,008
Taiwan Cooperative Financial Holding (I) 127,000 74,834
Taylor Capital Group, Inc. (I) 2,101 31,263
TCF Financial Corp. 25,282 298,075
Texas Capital Bancshares, Inc. (I) (L) 4,851 188,122
The Bank of Yokohama, Ltd. 48,000 214,639
The Hachijuni Bank, Ltd. 16,000 76,259
The Hiroshima Bank, Ltd. 19,000 63,770
The Toronto-Dominion Bank (L) 29,228 2,237,554
Tompkins Financial Corp. 1,238 45,323
TowneBank (L) 3,667 45,542
TriCo Bancshares 947 14,536
Trustmark Corp. 18,584 453,821
U.S. Bancorp 258,073 8,028,651
UMB Financial Corp. 4,206 205,127
Umpqua Holdings Corp. 14,586 187,138
UniCredit SpA (I) 127,811 396,163
Union First Market Bankshares Corp. 1,356 18,930

 

205

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Unione di Banche Italiane SCPA (L) 26,081 $ 72,389
United Bankshares, Inc. (L) 6,473 165,838
United Community Banks, Inc. (I) 5,438 44,755
United Overseas Bank, Ltd. 53,214 728,528
Univest Corp. of Pennsylvania 1,137 18,215
Valley National Bancorp (L) 31,509 352,586
Virginia Commerce Bancorp, Inc. (I) 3,677 30,335
VTB Bank OJSC, GDR 76,445 242,557
Washington Banking Company 1,070 14,520
Washington Trust Bancorp, Inc. 2,160 50,890
Webster Financial Corp. 20,900 423,643
Wells Fargo & Company 712,154 22,824,536
WesBanco, Inc. 3,308 67,252
West Bancorp, Inc. 1,082 10,041
West Coast Bancorp (I) 2,623 49,312
Westamerica Bancorp. 8,318 371,898
Western Alliance Bancorp (I) 8,951 78,053
Westpac Banking Corp. 164,744 3,261,898
Wilshire Bancorp, Inc. (I) 8,200 41,082
Wing Hang Bank, Ltd. 7,670 70,499
Wintrust Financial Corp. 4,527 153,963
Woori Finance Holdings Company, Ltd. 9,210 85,329
Yamaguchi Financial Group, Inc. 9,000 71,898
Zions Bancorporation 24,869 473,257
 
    132,605,519
Consumer Finance - 0.6%    
AEON Credit Service Company, Ltd. (L) 3,500 56,488
American Express Company 137,051 7,651,557
Capital One Financial Corp. 74,740 3,839,394
Cash America International, Inc. (L) 3,670 163,242
Credit Acceptance Corp. (I) 839 71,097
Credit Saison Company, Ltd. 6,200 117,962
DFC Global Corp. (I) 5,449 89,800
Discover Financial Services 71,577 2,369,914
EZCORP, Inc., Class A (I) (L) 5,873 138,603
First Cash Financial Services, Inc. (I) 3,691 138,265
Imperial Holdings, Inc. (I) 2,298 9,376
Nelnet, Inc., Class A 3,261 76,112
Netspend Holdings, Inc. (I) (L) 3,292 24,394
Nicholas Financial, Inc. 1,410 17,921
Samsung Card Company, Ltd. 1,167 32,808
SLM Corp. 68,786 960,940
The First Marblehead Corp. (I) 7,322 8,347
World Acceptance Corp. (I) (L) 1,891 129,420
 
    15,895,640
Diversified Financial Services - 2.0%    
African Bank Investments, Ltd. 44,215 189,664
ASX, Ltd. 9,679 278,041
Ayala Corp. 10,036 101,676
Bank of America Corp. 1,449,401 10,653,097
BGP Holdings PLC (I) 181,302 0
BM&F Bovespa SA 86,200 408,166
CBOE Holdings, Inc. 14,201 358,575
Citigroup, Inc. 395,513 10,485,050
CME Group, Inc. 8,975 2,311,691
Compass Diversified Holdings 5,036 66,072
Deutsche Boerse AG 6,252 298,795
Eurazeo 1,061 40,823
Exor SpA 2,247 48,192
Far East Horizon, Ltd. 74,000 49,868
First Pacific Company, Ltd. 98,000 101,010
FirstRand, Ltd. 166,712 507,566
Fubon Financial Holding Company, Ltd. (I) 166,000 164,749

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Diversified Financial Services (continued)    
FX Alliance, Inc. (I) 770 $ 12,674
Gain Capital Holdings, Inc. 1,250 6,150
Groupe Bruxelles Lambert SA 2,574 161,638
Hong Kong Exchanges & Clearing, Ltd. 44,715 629,496
Industrivarden AB, C Shares (I) 3,911 47,856
ING Groep NV, ADR (I) 121,468 710,115
IntercontinentalExchange, Inc. (I) 9,802 1,200,255
Investor AB, B Shares 15,318 268,594
JPMorgan Chase & Company 515,532 17,089,886
Kinnevik Investment AB 6,835 120,277
Leucadia National Corp. 26,754 543,641
London Stock Exchange Group PLC 8,635 133,922
MarketAxess Holdings, Inc. 3,609 116,535
Marlin Business Services Corp. 1,226 17,667
Mitsubishi UFJ Lease &    
Finance Company, Ltd. 2,520 93,999
Moody’s Corp. 26,491 969,306
MSCI, Inc. (I) 19,429 656,894
NewStar Financial, Inc. (I) 3,454 38,616
NYSE Euronext 34,884 848,030
Onex Corp. 3,151 116,296
ORIX Corp. 4,340 373,231
Pargesa Holding SA, ADR 880 48,227
PHH Corp. (I) (L) 6,991 115,841
PICO Holdings, Inc. (I) 2,896 64,175
Pohjola Bank OYJ 4,570 48,212
Remgro, Ltd. 25,697 400,515
RMB Holdings, Ltd. 41,923 165,811
Singapore Exchange, Ltd. 38,000 182,040
The NASDAQ OMX Group, Inc. 16,859 368,875
TMX Group, Inc. 2,551 113,737
 
    51,725,546
Insurance - 3.5%    
ACE, Ltd. 45,533 3,293,402
Admiral Group PLC 11,514 184,866
Aegon NV (L) 54,117 230,313
Aflac, Inc. 63,081 2,528,286
Ageas 69,295 109,741
AIA Group, Ltd. 366,109 1,191,377
Alleghany Corp. (I) 2,323 764,267
Allianz SE 14,392 1,304,208
Alterra Capital Holdings, Ltd. 11,482 255,015
American Equity Investment Life    
Holding Company (L) 7,939 83,995
American Financial Group, Inc. 12,215 475,041
American International Group, Inc. (I) 72,659 2,120,190
American Safety Insurance Holdings, Ltd. (I) 1,532 27,515
AMERISAFE, Inc. (I) 2,430 66,558
AMP, Ltd. 154,935 584,886
Amtrust Financial Services, Inc. (L) 3,104 89,240
AON PLC 43,915 2,042,048
Argo Group International Holdings, Ltd. 3,532 98,825
Arthur J. Gallagher & Company 18,403 639,320
Aspen Insurance Holdings, Ltd. 11,321 319,931
Assicurazioni Generali SpA 37,398 381,994
Assurant, Inc. 11,818 394,485
Aviva PLC (I) 164,764 664,892
AXA SA (L) 54,766 621,411
Baldwin & Lyons, Inc., Class B 577 12,261
Baloise Holding AG 1,666 103,094
Berkshire Hathaway, Inc., Class B (I) 237,443 18,843,476
Brown & Brown, Inc. 18,575 475,520
Cathay Financial Holdings Company, Ltd. 219,000 214,414
China Life Insurance Company, Ltd. 54,000 49,597

 

206

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
China Life Insurance Company, Ltd., H Shares 316,376 $ 746,459
China Pacific Insurance Group Company, Ltd.,    
H Shares 74,200 219,698
China Taiping Insurance    
Holdings Company, Ltd. (I) 33,200 55,230
Chubb Corp. 36,616 2,638,915
Cincinnati Financial Corp. 21,917 790,765
Citizens, Inc., Class A (I) (L) 2,542 20,514
CNO Financial Group, Inc. 28,126 192,944
CNP Assurances 4,410 47,918
Crawford & Company, Class B 1,722 6,199
Delta Lloyd NV 3,115 38,796
Discovery Holdings, Ltd. 18,233 107,255
Donegal Group, Inc. 695 10,335
Dongbu Insurance Company, Ltd. 1,110 44,398
eHealth, Inc. (I) 2,625 42,079
EMC Insurance Group, Inc. 325 6,448
Employers Holdings, Inc. 4,146 70,067
Enstar Group, Ltd. (I) 453 41,277
Everest Re Group, Ltd. 8,596 877,824
Fairfax Financial Holdings, Ltd.    
(Toronto Exchange) 643 253,378
FBL Financial Group, Inc., Class A 1,870 47,741
Fidelity National Financial, Inc., Class A 35,445 667,784
First American Financial Corp. 30,047 473,541
Flagstone Reinsurance Holdings SA 6,666 49,262
Fortegra Financial Corp. (I) 891 7,119
Genworth Financial, Inc., Class A (I) 66,361 347,732
Global Indemnity PLC (I) 862 17,999
Great-West Lifeco, Inc. (L) 9,060 183,595
Greenlight Capital Re, Ltd., Class A (I) 3,593 88,963
Hallmark Financial Services, Inc. (I) 1,894 13,485
Hannover Rueckversicherung AG 1,997 106,813
Hartford Financial Services Group, Inc. 59,453 999,999
HCC Insurance Holdings, Inc. 16,653 520,573
Hilltop Holdings, Inc. (I) 5,182 53,893
Horace Mann Educators Corp. 5,172 88,493
Hyundai Marine & Fire    
Insurance Company, Ltd. 1,680 41,810
Independence Holding Company 910 8,236
Industrial Alliance Insurance and    
Financial Services, Inc. (L) 2,909 71,116
Infinity Property & Casualty Corp. 1,634 87,680
Insurance Australia Group, Ltd. 113,747 368,674
Intact Financial Corp. 4,250 259,399
Kansas City Life Insurance Company 312 9,728
Kemper Corp. 8,015 234,759
Korea Life Insurance Company, Ltd. 4,380 22,602
Legal & General Group PLC 333,168 569,968
Liberty Holdings, Ltd. 6,425 65,925
Lincoln National Corp. 39,344 813,240
Loews Corp. 41,259 1,604,563
Maiden Holdings, Ltd. 6,573 53,504
Mapfre SA 23,999 46,510
Marsh & McLennan Companies, Inc. 73,388 2,346,948
Meadowbrook Insurance Group, Inc. 6,881 61,172
Mercury General Corp. 5,794 252,618
MetLife, Inc. 143,197 4,182,784
MMI Holdings, Ltd. 57,995 114,345
Montpelier Re Holdings, Ltd. 7,844 163,783
MS&AD Insurance Group Holdings 23,500 358,699
Muenchener Rueckversicherungs AG 5,734 711,774
National Financial Partners Corp. (I) 5,186 68,974
National Interstate Corp. 461 11,497

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
National Western Life Insurance    
Company, Class A 152 $ 19,216
NKSJ Holdings, Inc. 14,800 270,486
Old Mutual PLC 276,021 606,404
Old Republic International Corp. 41,485 409,457
OneBeacon Insurance Group, Ltd. 3,057 39,955
PICC Property & Casualty Company, Ltd.,    
H Shares 114,780 127,100
Ping An Insurance Group Company, H Shares 73,355 538,489
Platinum Underwriters Holdings, Ltd. 4,450 161,535
Porto Seguro SA 4,900 43,464
Power Corp. of Canada 11,292 250,581
Power Financial Corp. 7,957 194,909
Presidential Life Corp. 1,480 13,039
Primerica, Inc. 4,357 104,873
Principal Financial Group, Inc. 40,712 999,887
ProAssurance Corp. 3,867 340,837
Protective Life Corp. 13,066 344,420
Prudential Financial, Inc. 63,474 2,948,367
Prudential PLC 144,760 1,522,248
QBE Insurance Group, Ltd. 60,580 729,903
Reinsurance Group of America, Inc. 11,738 588,895
Resolution, Ltd. 77,593 231,749
RLI Corp. 2,345 156,271
RMI Holdings 44,163 86,132
RSA Insurance Group PLC 199,866 305,783
Safety Insurance Group, Inc. 1,691 67,826
Sampo OYJ 13,084 303,355
Samsung Fire & Marine    
Insurance Company, Ltd. 922 164,359
Samsung Life Insurance Company, Ltd. 1,273 105,207
Sanlam, Ltd. 103,960 411,374
SCOR SE 5,516 120,071
SeaBright Holdings, Inc. 2,971 25,194
Selective Insurance Group, Inc. 6,876 116,204
Shin Kong Financial    
Holding Company, Ltd. (I) 192,000 53,214
Sony Financial Holdings, Inc. 7,000 99,807
StanCorp Financial Group, Inc. 7,096 247,012
Standard Life PLC 133,048 422,232
State Auto Financial Corp. 970 13,241
Stewart Information Services Corp. 2,382 32,943
Sul America SA 4,900 34,086
Sun Life Financial, Inc. (Toronto    
Stock Exchange) (L) 18,935 390,855
Suncorp Group, Ltd. 70,423 531,705
Swiss Life Holding (I) 1,046 84,285
Swiss Re, Ltd. (I) 12,299 709,596
Symetra Financial Corp. 8,925 100,853
T&D Holdings, Inc. 23,500 222,785
The Allstate Corp. 67,294 2,283,958
The Dai-ichi Life Insurance Company, Ltd. 368 365,645
The Hanover Insurance Group, Inc. 7,200 280,872
The Navigators Group, Inc. (I) 1,464 70,931
The Phoenix Companies, Inc. (I) 15,243 24,694
The Progressive Corp. 82,584 1,794,550
The Travelers Companies, Inc. 53,084 3,317,219
Tokio Marine Holdings, Inc. 29,600 645,783
Torchmark Corp. 13,530 631,310
Tower Group, Inc. 4,703 92,320
United Fire Group, Inc. 2,874 61,073
Universal Insurance Holdings, Inc. 3,060 10,710
Unum Group 39,248 782,998
Vienna Insurance Group AG Wiener    
Versicherung Gruppe 1,214 42,711

 

207

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
W.R. Berkley Corp. 17,866 $ 684,625
XL Group PLC 42,632 870,545
Zurich Financial Services AG (I) 5,217 1,072,317
 
    88,900,432
Real Estate Investment Trusts - 2.6%    
Acadia Realty Trust 5,382 120,395
AG Mortgage Investment Trust, Inc. 1,327 26,553
Agree Realty Corp. 1,608 33,639
Alexander’s, Inc. 260 101,696
Alexandria Real Estate Equities, Inc. 9,923 679,329
American Assets Trust, Inc. 4,023 90,880
American Campus Communities, Inc. 21,163 929,056
American Capital Mortgage Investment Corp. 2,236 53,194
Anworth Mortgage Asset Corp. (L) 16,738 112,647
Apartment Investment & Management    
Company, Class A 16,364 442,973
Apollo Commercial Real Estate Finance, Inc. 2,819 44,766
Apollo Residential Mortgage, Inc. 1,343 25,181
ARMOUR Residential REIT, Inc. (L) 22,131 154,474
Ascendas Real Estate Investment Trust 81,000 128,555
Ashford Hospitality Trust, Inc. 6,490 55,490
Associated Estates Realty Corp. 5,181 81,912
AvalonBay Communities, Inc. 12,857 1,796,766
BioMed Realty Trust, Inc. 43,766 789,976
Boston Properties, Inc. 20,024 2,061,070
BRE Properties, Inc. 12,116 596,471
British Land Company PLC 48,129 358,411
Camden Property Trust 12,606 820,777
Campus Crest Communities, Inc. 3,901 42,053
Capital Shopping Centres Group PLC 32,069 153,356
CapitaMall Trust 98,200 138,019
CapLease, Inc. 8,960 35,213
Capstead Mortgage Corp. 11,265 155,119
CBL & Associates Properties, Inc. (L) 18,462 322,347
Cedar Shopping Centers, Inc. 7,037 33,778
CFS Retail Property Trust 101,765 186,123
Chatham Lodging Trust 2,050 26,609
Chesapeake Lodging Trust 4,036 72,850
Colonial Properties Trust (L) 10,923 231,677
Colony Financial, Inc. 4,200 70,560
Coresite Realty Corp. 2,518 60,054
Corio NV 1,987 82,755
Corporate Office Properties Trust 11,521 253,577
Cousins Properties, Inc. 11,285 81,703
CreXus Investment Corp. 7,063 69,217
CubeSmart 15,242 172,387
CYS Investments, Inc. 13,796 188,729
DCT Industrial Trust, Inc. (L) 30,218 175,869
Dexus Property Group 264,654 242,188
DiamondRock Hospitality Company 20,781 206,563
Duke Realty Corp. 41,439 573,516
DuPont Fabros Technology, Inc. (L) 7,308 186,281
Dynex Capital, Inc. 6,905 64,147
EastGroup Properties, Inc. 3,388 167,943
Education Realty Trust, Inc. 11,540 127,171
Entertainment Properties Trust (L) 5,806 239,614
Equity Lifestyle Properties, Inc. 4,045 266,404
Equity One, Inc. 16,190 321,533
Equity Residential 40,546 2,477,361
Essex Property Trust, Inc. 5,568 837,761
Excel Trust, Inc. 3,938 46,035
Extra Space Storage, Inc. 11,704 331,925
Federal Realty Investment Trust 10,186 1,001,080
FelCor Lodging Trust, Inc. (I) 15,445 64,097

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Real Estate Investment Trusts (continued)    
First Industrial Realty Trust, Inc. (I) 10,770 $ 128,486
First Potomac Realty Trust 6,241 74,892
Fonciere Des Regions 897 58,059
Franklin Street Properties Corp. 8,799 85,878
Gecina SA 683 58,339
Getty Realty Corp. 3,256 52,422
Gladstone Commercial Corp. 1,733 27,451
Glimcher Realty Trust 17,290 159,068
Goodman Group 76,488 251,547
Government Properties Income Trust 4,416 94,458
GPT Group 95,056 299,801
H&R Real Estate Investment Trust 2,939 68,293
Hammerson PLC 40,713 262,715
Hatteras Financial Corp. (L) 9,221 263,260
HCP, Inc. 55,305 2,258,656
Health Care REIT, Inc. 28,398 1,575,237
Healthcare Realty Trust, Inc. 9,638 210,879
Hersha Hospitality Trust 17,526 93,414
Highwoods Properties, Inc. 20,535 662,459
Home Properties, Inc. 13,697 820,998
Hospitality Properties Trust 19,760 464,558
Host Hotels & Resorts, Inc. (L) 95,555 1,458,169
Hudson Pacific Properties, Inc. 2,823 45,224
ICADE 747 58,089
Inland Real Estate Corp. (L) 9,631 79,167
Invesco Mortgage Capital, Inc. 14,326 259,874
Investors Real Estate Trust (L) 10,757 76,482
iStar Financial, Inc. (I) 10,152 57,562
Japan Prime Realty Investment Corp. 29 82,867
Japan Real Estate Investment Corp. 22 194,119
Japan Retail Fund Investment Corp. 80 125,674
Kilroy Realty Corp. (L) 8,471 388,904
Kimco Realty Corp. 54,963 986,586
Kite Realty Group Trust 7,321 34,702
Klepierre SA 3,311 102,712
Land Securities Group PLC 44,324 486,602
LaSalle Hotel Properties 10,576 291,686
Lexington Realty Trust 14,814 123,104
Liberty Property Trust 18,646 646,457
LTC Properties, Inc. 3,874 125,014
Mack-Cali Realty Corp. 14,046 382,613
Medical Properties Trust, Inc. 16,618 149,562
MFA Financial, Inc. 44,015 335,394
Mid-America Apartment Communities, Inc. 5,088 342,880
Mirvac Group 186,833 223,287
Mission West Properties, Inc. 2,771 23,304
Monmouth Real Estate Investment Corp. 5,180 52,577
MPG Office Trust, Inc. (I) 6,358 11,317
National Health Investments, Inc. 3,102 149,734
National Retail Properties, Inc. (L) 29,862 791,044
Newcastle Investment Corp. 13,038 86,572
Nippon Building Fund, Inc. 25 227,440
Nomura Real Estate Office Fund, Inc. 12 66,758
NorthStar Realty Finance Corp. (L) 14,082 72,945
Omega Healthcare Investors, Inc. (L) 29,231 617,066
One Liberty Properties, Inc. 1,575 27,925
Parkway Properties, Inc. 2,875 30,303
Pebblebrook Hotel Trust 6,323 138,790
Pennsylvania Real Estate Investment Trust 6,908 87,593
Pennymac Mortgage Investment Trust 3,781 69,835
Plum Creek Timber Company, Inc. 21,799 795,664
Post Properties, Inc. 6,582 318,635
Potlatch Corp. 11,470 328,730
Prologis, Inc. 61,984 1,982,248
PS Business Parks, Inc. 2,337 153,985

 

208

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Real Estate Investment Trusts (continued)    
Public Storage 19,200 $ 2,562,624
Rait Financial Trust 6,203 25,246
Ramco-Gershenson Properties Trust 4,827 57,490
Rayonier, Inc. (L) 19,586 841,610
Realty Income Corp. (L) 21,338 817,886
Redwood Trust, Inc. 9,755 118,133
Regency Centers Corp. 14,385 630,207
Resource Capital Corp. 10,448 55,792
Retail Opportunity Investments Corp. (L) 6,288 75,582
RioCan Real Estate Investment Trust 4,578 118,345
RLJ Lodging Trust 3,401 59,960
Sabra Healthcare REIT, Inc. 4,632 66,608
Saul Centers, Inc. 972 39,036
Segro PLC 42,618 141,082
Senior Housing Properties Trust 26,019 537,292
Simon Property Group, Inc. 41,360 6,101,427
SL Green Realty Corp. 13,816 1,036,338
Sovran Self Storage, Inc. 3,480 171,738
Stag Industrial, Inc. 2,149 29,549
Starwood Property Trust, Inc. 11,574 231,943
Stockland 126,525 392,297
Strategic Hotels & Resorts, Inc. (I) 21,708 135,241
Summit Hotel Properties, Inc. 3,495 27,855
Sun Communities, Inc. 3,308 136,323
Sunstone Hotel Investors, Inc. (I) 14,667 146,817
Tanger Factory Outlet Centers, Inc. 10,660 330,567
Taubman Centers, Inc. 9,287 677,951
Terreno Realty Corp. 1,863 26,492
The Link REIT 99,925 386,851
The Macerich Company 21,115 1,204,611
Two Harbors Investment Corp. 25,939 268,209
UDR, Inc. 35,728 925,355
UMH Properties, Inc. 1,969 19,946
Unibail-Rodamco SE 2,924 485,301
Universal Health Realty Income Trust 1,575 60,874
Urstadt Biddle Properties, Inc., Class A 3,039 54,094
Ventas, Inc. 39,019 2,295,098
Vornado Realty Trust 24,995 2,047,590
Washington Real Estate Investment Trust 8,184 230,298
Weingarten Realty Investors 19,332 494,513
Westfield Group 119,876 1,060,500
Westfield Retail Trust 158,294 418,808
Weyerhaeuser Company 72,455 1,442,579
Whitestone REIT, Class B 1,279 16,371
Winthrop Realty Trust 3,761 38,701
 
    67,311,020
Real Estate Management & Development - 0.4%    
Aeon Mall Company, Ltd. 3,100 60,606
Agile Property Holdings, Ltd. 59,211 68,087
AV Homes, Inc. (I) 1,178 13,253
Ayala Land, Inc. 118,600 53,504
BR Malls Participacoes SA 18,200 200,332
Brookfield Asset Management, Inc. 18,426 589,432
Brookfield Office Properties, Inc. (L) 8,362 139,819
Capitaland, Ltd. 112,500 220,785
CapitaMalls Asia, Ltd. 60,000 65,384
CBRE Group, Inc. (I) 44,290 728,571
Cheung Kong Holdings, Ltd. 60,000 688,241
China Overseas Land & Investment, Ltd. 174,397 364,484
China Resources Land, Ltd. 89,211 167,580
City Developments, Ltd. 22,000 169,209
Consolidated-Tomoka Land Company 290 8,048
Country Garden Holdings Company (I) 199,467 74,315
Cyrela Brazil Realty SA 13,400 100,458

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Real Estate Management & Development (continued)  
Daito Trust Construction Company, Ltd. 3,000 $ 263,477
Daiwa House Industry Company, Ltd. 20,000 254,058
Evergrande Real Estate Group, Ltd. (L) 225,000 123,287
Farglory Land Development Company, Ltd. 9,000 14,536
Forestar Group, Inc. (I) 4,441 59,909
Franshion Properties China, Ltd. 166,000 48,036
Global Logistic Properties, Ltd. 83,000 133,563
Growthpoint Properties, Ltd. 96,835 236,407
Guangzhou R&F Properties Company, Ltd.,    
H Shares 42,800 56,804
Hang Lung Group, Ltd. 39,000 227,860
Hang Lung Properties, Ltd. 108,000 342,723
Henderson Land Development Company, Ltd. 41,751 208,531
Highwealth Construction Corp. 14,000 22,496
Hopewell Holdings, Ltd. 25,000 62,220
Hysan Development Company, Ltd. 28,557 113,446
Immoeast AG (I) 14,582 0
IMMOFINANZ AG (I) 32,201 92,160
Jones Lang LaSalle, Inc. 6,978 505,905
Kennedy-Wilson Holdings, Inc. 3,385 44,140
Keppel Land, Ltd. 32,970 72,854
Kerry Properties, Ltd. 31,768 127,696
Lend Lease Corp. 29,621 211,513
Longfor Properties Company, Ltd. 56,500 87,451
Mitsubishi Estate Company, Ltd. 51,000 787,499
Mitsui Fudosan Company, Ltd. 34,000 562,726
Multiplan Empreendimentos Imobiliarios SA 3,100 73,625
New World Development Company, Ltd. 158,257 169,285
Nomura Real Estate Holdings, Inc. 4,000 62,109
NTT Urban Development Corp. 49 35,204
Poly Hong Kong Investment, Ltd. (I) 88,000 42,834
Redefine Income Fund, Ltd. 156,443 151,067
Renhe Commercial    
Holdings Company, Ltd. (I) (L) 474,000 23,238
Ruentex Development Company, Ltd. 19,000 27,747
Shimao Property Holdings, Ltd., GDR 68,500 91,168
Shui On Land, Ltd. 122,959 47,894
Sino Land Company, Ltd. 129,075 179,126
Sino-Ocean Land Holdings, Ltd. 152,358 61,844
SM Prime Holdings, Ltd. 287,426 84,139
Soho China, Ltd. 94,000 63,858
Sumitomo Realty &    
Development Company, Ltd. 15,000 312,840
Sun Hung Kai Properties, Ltd. 61,500 696,149
Swire Pacific, Ltd. 32,000 344,796
Tejon Ranch Company (I) (L) 1,790 47,686
Tokyu Land Corp. 18,000 79,122
UOL Group, Ltd. 22,000 74,886
Wharf Holdings, Ltd. 66,625 347,768
Wheelock and Company, Ltd. 40,000 119,159
Yuexiu Property Company, Ltd. 252,000 60,558
 
    11,567,507
Thrifts & Mortgage Finance - 0.2%    
Astoria Financial Corp. 24,497 220,228
Bank Mutual Corp. 6,680 22,979
BankFinancial Corp. 3,185 21,594
Beneficial Mutual Bancorp, Inc. (I) 2,287 19,783
Berkshire Hill Bancorp, Inc. 2,948 64,325
BofI Holding, Inc. (I) 1,757 32,996
Brookline Bancorp, Inc. 9,350 82,187
Clifton Savings Bancorp, Inc. 1,912 19,502
Dime Community Bancshares 4,414 57,647
Doral Financial Corp. (I) 16,886 24,316
ESB Financial Corp. 887 11,043

 

209

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Thrifts & Mortgage Finance (continued)    
ESSA Bancorp, Inc. 2,184 $ 22,495
Federal Agricultural    
Mortgage Corp., Class C (L) 1,295 31,235
First Defiance Financial Corp. 702 11,225
First Financial Holdings, Inc. 2,368 22,733
First PacTrust Bancorp, Inc. 1,528 17,190
Flagstar Bancorp, Inc. (I) 24,860 18,918
Flushing Financial Corp. 4,589 59,198
Fox Chase Bancorp, Inc. 2,354 30,178
Franklin Financial Corp. (I) 2,213 33,925
Home Federal Bancorp, Inc. 2,596 23,234
Home Loan Servicing Solutions, Ltd. 895 11,975
HomeStreet, Inc. (I) 608 20,064
Hudson City Bancorp, Inc. 71,247 441,731
MGIC Investment Corp. (I) (L) 23,292 59,162
New York Community Bancorp, Inc. (L) 70,174 866,649
Northfield Bancorp, Inc. (L) 1,162 16,059
Northwest Bancshares, Inc. 12,957 148,617
OceanFirst Financial Corp. 2,653 37,407
Ocwen Financial Corp. (I) 11,965 191,799
Oritani Financial Corp. 6,194 84,796
People’s United Financial, Inc. 48,507 564,136
Provident Financial Services, Inc. 7,887 110,024
Provident New York Bancorp 2,539 19,601
Radian Group, Inc. (L) 16,497 40,913
Rockville Financial, Inc. 4,480 50,400
Territorial Bancorp, Inc. 815 17,465
TrustCo Bank Corp. 12,977 67,221
United Financial Bancorp, Inc. 1,134 15,627
ViewPoint Financial Group 4,841 73,825
Walker & Dunlop, Inc. (I) 1,517 17,794
Washington Federal, Inc. 17,194 282,154
Westfield Financial, Inc. 1,907 13,502
WSFS Financial Corp. 968 35,990
 
    4,033,842
    413,708,550
Health Care - 10.1%    
Biotechnology - 1.3%    
Achillion Pharmaceuticals, Inc. (I) 5,896 42,333
Acorda Therapeutics, Inc. (I) 4,923 108,257
Actelion, Ltd. (I) 4,006 152,231
Aegerion Pharmaceuticals, Inc. (I) 1,156 17,583
Affymax, Inc. (I) 4,390 62,075
Alexion Pharmaceuticals, Inc. (I) 24,571 2,225,395
Alkermes PLC (I) 11,866 185,347
Allos Therapeutics, Inc. (I) 9,955 17,720
Alnylam Pharmaceuticals, Inc. (I) 5,601 57,354
AMAG Pharmaceuticals, Inc. (I) 2,655 37,250
Amgen, Inc. 106,883 7,430,506
Amicus Therapeutics, Inc. (I) 2,657 12,568
Anacor Pharmaceuticals, Inc. (I) 1,622 8,110
Anthera Pharmaceuticals, Inc. (I) (L) 2,565 5,053
Ardea Biosciences, Inc. (I) 2,860 91,377
Arena Pharmaceuticals, Inc. (I) (L) 20,875 139,654
Ariad Pharmaceuticals, Inc. (I) 19,642 325,468
Arqule, Inc. (I) 6,703 39,816
Array BioPharma, Inc. (I) 10,618 34,509
Astex Pharmaceuticals (I) 7,252 12,764
AVEO Pharmaceuticals, Inc. (I) 3,903 49,685
AVI BioPharma, Inc. (I) (L) 16,992 11,041
BioCryst Pharmaceuticals, Inc. (I) (L) 3,673 11,386
Biogen Idec, Inc. (I) 32,240 4,215,380
BioMimetic Therapeutics, Inc. (I) 2,397 6,040

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Biotechnology (continued)    
Biosante Pharmaceuticals, Inc. (I) (L) 13,256 $ 6,033
BioSpecifics Technologies Corp. (I) 337 5,729
Biotime, Inc. (I) 3,198 12,856
Celgene Corp. (I) 59,262 4,044,632
Cell Therapeutics, Inc. (I) (L) 28,281 25,444
Celldex Therapeutics, Inc. (I) 7,123 29,703
Cepheid, Inc. (I) (L) 8,139 307,898
Chelsea Therapeutics International, Inc. (I) 7,231 9,690
Chemocentryx, Inc. (I) 666 9,337
Cleveland Biolabs, Inc. (I) (L) 3,555 4,622
Clovis Oncology, Inc. (I) (L) 1,325 23,598
Codexis, Inc. (I) 3,151 9,831
CSL, Ltd. 28,735 1,052,831
Cubist Pharmaceuticals, Inc. (I) 7,858 315,263
Curis, Inc. (I) (L) 9,647 45,148
Cytori Therapeutics, Inc. (I) (L) 6,423 14,259
Dusa Pharmaceuticals, Inc. (I) 3,202 16,522
Dyax Corp. (I) 12,794 23,797
Dynavax Technologies Corp. (I) 19,087 71,958
Emergent Biosolutions, Inc. (I) 3,064 44,183
Enzon Pharmaceuticals, Inc. (I) (L) 4,806 30,903
Exact Sciences Corp. (I) 7,061 69,763
Exelixis, Inc. (I) 18,433 85,345
Genomic Health, Inc. (I) 2,129 71,939
Geron Corp. (I) (L) 16,140 21,143
Gilead Sciences, Inc. (I) 102,276 5,108,686
Grifols SA (I) 4,712 107,180
GTx, Inc. (I) 2,795 8,161
Halozyme Therapeutics, Inc. (I) 11,095 84,766
Horizon Pharma, Inc. (I) (L) 765 3,060
Idenix Pharmaceuticals, Inc. (I) 7,513 67,918
Immunogen, Inc. (I) 9,380 131,414
Immunomedics, Inc. (I) (L) 8,439 28,017
Incyte Corp. (I) (L) 11,020 234,836
Infinity Pharmaceuticals, Inc. (I) 2,404 31,276
Insmed, Inc. (I) 3,171 8,942
InterMune, Inc. (I) 6,692 69,798
Ironwood Pharmaceuticals, Inc. (I) (L) 6,696 79,816
Isis Pharmaceuticals, Inc. (I) 12,415 122,784
Keryx Biopharmaceuticals Inc. (I) 8,377 14,744
Lexicon Pharmaceuticals, Inc. (I) (L) 22,634 35,988
Ligand Pharmaceuticals, Inc., Class B (I) 2,526 31,651
Mannkind Corp. (I) (L) 12,238 22,273
Maxygen, Inc. (I) 3,843 22,251
Medivation, Inc. (I) 3,915 329,760
Metabolix, Inc. (I) 4,307 8,614
Momenta Pharmaceuticals, Inc. (I) 5,749 79,279
Nabi Biopharmaceuticals (I) 5,710 8,793
NeoStem, Inc. (I) 6,297 2,672
Neurocrine Biosciences, Inc. (I) 7,223 48,322
NewLink Genetics Corp. (I) 933 11,905
Novavax, Inc. (I) (L) 13,166 16,721
NPS Pharmaceuticals, Inc. (I) 10,731 84,668
Nymox Pharmaceutical Corp. (I) (L) 2,579 18,827
OncoGenex Pharmaceuticals, Inc. (I) 1,838 23,085
Oncothyreon, Inc. (I) (L) 5,202 18,883
Onyx Pharmaceuticals, Inc. (I) 7,902 361,754
Opko Health, Inc. (I) (L) 13,513 62,160
Orexigen Therapeutics, Inc. (I) (L) 5,614 18,751
Osiris Therapeutics, Inc. (I) (L) 2,309 14,616
PDL BioPharma, Inc. 17,503 113,594
Peregrine Pharmaceuticals, Inc. (I) (L) 11,935 6,645
Pharmacyclics, Inc. (I) 5,736 180,225
PharmAthene, Inc. (I) (L) 4,419 5,391
Progenics Pharmaceuticals, Inc. (I) 3,731 32,310

 

210

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Biotechnology (continued)    
Raptor Pharmaceutical Corp. (I) (L) 5,956 $ 31,984
Regeneron Pharmaceuticals, Inc. (I) 12,181 1,652,353
Rigel Pharmaceuticals, Inc. (I) 8,539 63,445
Sangamo Biosciences, Inc. (I) 6,568 29,162
Savient Pharmaceuticals, Inc. (I) (L) 8,929 6,467
Seattle Genetics, Inc. (I) (L) 12,022 234,189
SIGA Technologies, Inc. (I) (L) 4,334 10,012
Spectrum Pharmaceuticals, Inc. (I) (L) 7,142 82,776
Sunesis Pharmaceuticals Inc (I) (L) 3,638 10,587
Synta Pharmaceuticals Corp. (I) 3,394 16,325
Targacept, Inc. (I) 3,436 14,259
Theravance, Inc. (I) (L) 8,590 177,727
Trius Therapeutics, Inc. (I) 1,438 7,377
United Therapeutics Corp. (I) 8,579 379,535
Vanda Pharmaceuticals, Inc. (I) 3,699 15,721
Verastem, Inc. (I) 869 8,725
Vertex Pharmaceuticals, Inc. (I) 33,647 2,020,166
Vical, Inc. (I) (L) 10,729 31,329
Zalicus, Inc. (I) 9,784 9,295
ZIOPHARM Oncology, Inc. (I) (L) 8,362 42,981
 
    34,156,280
Health Care Equipment & Supplies - 1.6%    
Abaxis, Inc. (I) (L) 2,842 93,047
ABIOMED, Inc. (I) (L) 3,954 80,385
Accuray, Inc. (I) 8,516 53,395
Align Technology, Inc. (I) 7,654 239,034
Alphatec Holdings, Inc. (I) 7,065 11,657
Analogic Corp. 1,575 103,856
AngioDynamics, Inc. (I) 3,246 39,082
Antares Pharma, Inc. (I) (L) 11,081 30,140
Arthrocare Corp. (I) 3,421 89,562
Atricure, Inc. (I) 1,920 17,261
Atrion Corp. 208 41,781
Bacterin International Holdings Inc (I) (L) 3,050 4,453
Baxter International, Inc. 75,674 3,830,618
Becton, Dickinson and Company 28,374 2,074,991
Biolase Technology, Inc. (I) 4,003 9,527
Boston Scientific Corp. (I) 196,003 1,125,057
C.R. Bard, Inc. 11,352 1,103,301
Cantel Medical Corp. 2,489 54,410
Cardiovascular Systems, Inc. (I) 1,897 17,149
CareFusion Corp. (I) 30,354 735,781
Cerus Corp. (I) 6,971 23,562
Cie Generale d’Optique    
Essilor International SA 6,467 553,917
Cochlear, Ltd. 3,124 190,726
Conceptus, Inc. (I) 3,941 66,366
CONMED Corp. 3,567 95,560
Covidien PLC 65,273 3,379,836
CryoLife, Inc. (I) 3,815 17,625
Cyberonics, Inc. (I) 3,555 137,045
Cynosure, Inc. (I) 1,278 25,202
Delcath Systems, Inc. (I) (L) 6,023 8,974
DENTSPLY International, Inc. 19,181 709,697
DexCom, Inc. (I) (L) 8,372 89,999
Dynavox, Inc., Class A (I) 1,414 1,810
Edwards Lifesciences Corp. (I) 15,528 1,325,625
Endologix, Inc. (I) 6,130 83,307
Exactech, Inc. (I) 577 9,382
Gen-Probe, Inc. (I) 7,235 585,384
Getinge AB, Series B 6,684 166,701
Greatbatch, Inc. (I) 2,947 61,180
Haemonetics Corp. (I) 3,216 224,187
Hansen Medical, Inc. (I) (L) 6,672 15,746

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Equipment & Supplies (continued)    
HeartWare International, Inc. (I) (L) 1,507 $ 122,625
Hill-Rom Holdings, Inc. 9,906 291,335
Hologic, Inc. (I) 42,196 707,205
ICU Medical, Inc. (I) 1,548 79,645
IDEXX Laboratories, Inc. (I) 8,807 747,186
Insulet Corp. (I) (L) 5,744 105,804
Integra LifeSciences Holdings Corp. (I) 2,447 86,893
Intuitive Surgical, Inc. (I) 5,308 2,776,615
Invacare Corp. 3,599 53,589
IRIS International, Inc. (I) 2,363 25,190
Kensey Nash Corp. 1,111 42,718
MAKO Surgical Corp. (I) (L) 3,988 90,567
Masimo Corp. (I) (L) 15,869 298,496
Medical Action Industries, Inc. (I) 2,349 10,124
Medtronic, Inc. 140,531 5,177,162
Meridian Bioscience, Inc. (L) 5,147 97,484
Merit Medical Systems, Inc. (I) 5,298 68,874
Miraca Holdings, Inc. 2,400 91,366
Natus Medical, Inc. (I) 3,680 41,216
Navidea Biopharmaceuticals, Inc. (I) 11,967 32,311
Neogen Corp. (I) (L) 2,910 113,315
NuVasive, Inc. (I) 5,250 103,740
NxStage Medical, Inc. (I) 5,575 84,684
Olympus Corp. (I) 9,000 143,816
OraSure Technologies, Inc. (I) 5,868 60,734
Orthofix International NV (I) 2,283 86,526
Palomar Medical Technologies, Inc. (I) 2,475 20,592
Quidel Corp. (I) (L) 3,579 56,262
ResMed, Inc. (I) (L) 23,065 714,554
Rockwell Medical Technologies, Inc. (I) 2,088 17,769
RTI Biologics, Inc. (I) 7,204 25,862
Shandong Weigao Group Medical Polymer    
Company, Ltd., H Shares 72,000 72,822
Smith & Nephew PLC 51,186 480,228
Solta Medical, Inc. (I) 7,709 20,120
Sonova Holding AG (I) 1,768 165,852
Spectranetics Corp. (I) 4,249 41,938
St. Jude Medical, Inc. 43,279 1,662,779
STAAR Surgical Company (I) (L) 4,520 38,375
Stereotaxis, Inc. (I) (L) 4,947 1,236
STERIS Corp. (L) 16,603 495,766
Straumann Holding AG 284 43,822
Stryker Corp. 43,739 2,250,372
SurModics, Inc. (I) 1,983 27,623
Symmetry Medical, Inc. (I) 4,694 36,332
Synergetics USA, Inc. (I) 3,024 10,826
Synthes, Inc. (S) 2,362 385,917
Sysmex Corp. 3,100 126,855
Teleflex, Inc. 6,519 387,229
Terumo Corp. 7,100 254,273
The Cooper Companies, Inc. 7,627 649,668
Thoratec Corp. (I) 9,347 283,588
Tornier BV (I) 1,322 26,110
Unilife Corp. (I) (L) 8,086 33,719
Uroplasty, Inc. (I) 2,694 12,500
Varian Medical Systems, Inc. (I) 15,259 895,093
Vascular Solutions, Inc. (I) 2,481 28,234
Volcano Corp. (I) 6,512 186,178
West Pharmaceutical Services, Inc. (L) 4,195 200,521
Wright Medical Group, Inc. (I) 4,884 96,654
Young Innovations, Inc. 383 13,294
Zeltiq Aesthetics, Inc. (I) 971 4,350
Zimmer Holdings, Inc. 24,056 1,458,996
 
    40,291,847

 

211

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services - 1.7%    
Accretive Health, Inc. (I) (L) 4,978 $ 58,541
Aetna, Inc. 47,323 1,935,037
Air Methods Corp. (I) (L) 1,421 129,524
Alfresa Holdings Corp. 1,700 82,376
Alliance HealthCare Services, Inc. (I) 3,100 3,224
Almost Family, Inc. (I) 1,045 23,230
Amedisys, Inc. (I) (L) 3,656 40,106
AMERIGROUP Corp. (I) 7,697 480,293
AmerisourceBergen Corp. 34,820 1,287,992
Amil Participacoes SA 5,900 55,582
AMN Healthcare Services, Inc. (I) 5,042 30,252
Amsurg Corp. (I) 3,905 106,685
Assisted Living Concepts, Inc. 2,490 34,462
Bio-Reference Labs, Inc. (I) 3,065 58,940
BioScrip, Inc. (I) 5,126 34,652
Capital Senior Living Corp. (I) 3,509 34,669
Cardinal Health, Inc. 46,684 1,931,784
CardioNet, Inc. (I) 3,209 7,349
Catalyst Health Solutions, Inc. (I) 8,038 698,261
Celesio AG 2,911 40,121
Centene Corp. (I) 6,219 224,755
Chemed Corp. (L) 2,477 137,597
Chindex International, Inc. (I) 1,531 14,422
CIGNA Corp. 38,693 1,699,010
Community Health Systems, Inc. (I) 14,135 311,111
Corvel Corp. (I) 800 35,544
Coventry Health Care, Inc. 19,068 579,667
Cross Country Healthcare, Inc. (I) 3,707 16,830
DaVita, Inc. (I) 12,653 1,028,056
Diagnosticos da America SA 10,700 75,070
Emeritus Corp. (I) 3,794 57,707
ExamWorks Group, Inc. (I) 3,350 37,755
Express Scripts Holding Company (I) 107,926 5,632,658
Five Star Quality Care, Inc. (I) 5,348 16,579
Fresenius Medical Care AG &    
Company KGaA 6,812 452,588
Fresenius SE & Company KGaA 3,723 352,004
Gentiva Health Services, Inc. (I) 3,820 21,430
Hanger Orthopedic Group, Inc. (I) 4,177 90,098
Health Management    
Associates, Inc., Class A (I) 40,702 260,900
Health Net, Inc. (I) 13,251 339,491
HealthSouth Corp. (I) (L) 11,790 225,661
Healthways, Inc. (I) 4,256 27,877
Henry Schein, Inc. (I) (L) 14,361 1,067,166
HMS Holdings Corp. (I) 24,360 652,604
Humana, Inc. 22,154 1,692,344
IPC The Hospitalist Company, Inc. (I) 2,037 71,275
Kindred Healthcare, Inc. (I) (L) 6,436 53,226
Laboratory Corp. of America Holdings (I) 13,127 1,093,217
Landauer, Inc. 1,221 61,575
LHC Group, Inc. (I) 1,975 33,081
Life Healthcare Group Holdings, Ltd. 45,163 155,433
LifePoint Hospitals, Inc. (I) 7,735 284,803
Lincare Holdings, Inc. (L) 13,919 319,163
Magellan Health Services, Inc. (I) 3,559 150,083
McKesson Corp. 33,237 2,900,925
Mediceo Holdings Company, Ltd. 6,500 82,141
Mednax, Inc. (I) 7,854 479,173
Metropolitan Health Networks, Inc. (I) 5,332 46,388
MModal, Inc. (I) 4,217 53,008
Molina Healthcare, Inc. (I) 3,469 88,494
MWI Veterinary Supply, Inc. (I) (L) 1,575 146,396
National Healthcare Corp. 1,284 54,968
National Research Corp. 298 12,805

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services (continued)    
Netcare, Ltd. 56,281 $ 100,881
Odontoprev SA 12,300 65,865
Omnicare, Inc. 18,173 572,813
Owens & Minor, Inc. (L) 18,104 515,421
Patterson Companies, Inc. 11,824 393,030
PharMerica Corp. (I) 3,680 36,542
PSS World Medical, Inc. (I) (L) 6,414 129,755
Quest Diagnostics, Inc. 21,384 1,216,750
RadNet, Inc. (I) 3,992 9,581
Ramsay Health Care, Ltd. 7,409 155,578
Select Medical Holdings Corp. (I) (L) 5,137 47,466
Shanghai Pharmaceuticals Holding    
Company, Ltd., H Shares 22,000 26,490
Sinopharm Group Company, Ltd., H Shares 34,800 79,260
Skilled Healthcare Group, Inc. (I) 2,457 13,538
Sonic Healthcare, Ltd. 20,541 243,944
Sun Healthcare Group, Inc. (I) 3,124 15,151
Sunrise Senior Living, Inc. (I) (L) 7,098 42,730
Suzuken Company, Ltd. 3,000 93,081
Team Health Holdings, Inc. (I) 3,354 76,270
Tenet Healthcare Corp. (I) 55,372 260,802
The Ensign Group, Inc. 2,056 52,222
The Providence Service Corp. (I) 1,730 23,009
Triple-S Management Corp., Class B (I) 2,539 44,077
UnitedHealth Group, Inc. 141,123 7,870,430
Universal American Corp. (I) 4,071 40,018
Universal Health Services, Inc., Class B 15,474 599,618
US Physical Therapy, Inc. 1,543 37,495
Vanguard Health Systems, Inc. (I) 3,796 29,229
VCA Antech, Inc. (I) 13,969 300,892
WellCare Health Plans, Inc. (I) 12,158 686,562
WellPoint, Inc. 45,208 3,046,567
 
    45,033,225
Health Care Technology - 0.1%    
Allscripts Healthcare Solutions, Inc. (I) 30,476 329,750
athenahealth, Inc. (I) (L) 4,358 316,783
Cerner Corp. (I) 19,708 1,536,436
Computer Programs & Systems, Inc. 1,388 75,507
ePocrates, Inc. (I) 845 6,405
Greenway Medical Technologies (I) 997 16,381
HealthStream, Inc. (I) 2,288 48,323
MedAssets, Inc. (I) 5,962 67,490
Medidata Solutions, Inc. (I) 2,621 74,069
Merge Healthcare, Inc. (I) 6,987 16,419
Omnicell, Inc. (I) 4,164 54,507
Quality Systems, Inc. 4,831 138,215
 
    2,680,285
Life Sciences Tools & Services - 0.4%    
Affymetrix, Inc. (I) 8,841 41,906
Agilent Technologies, Inc. 46,946 1,908,824
Albany Molecular Research, Inc. (I) 2,919 7,560
BG Medicine, Inc. (I) 1,010 5,404
Bio-Rad Laboratories, Inc., Class A (I) 3,158 314,568
Cambrex Corp. (I) 3,859 27,746
Charles River    
Laboratories International, Inc. (I) 7,820 261,032
Complete Genomics, Inc. (I) (L) 1,217 2,836
Covance, Inc. (I) 9,360 434,304
Enzo Biochem, Inc. (I) 5,088 9,260
eResearch Technology, Inc. (I) 6,241 49,304
Fluidigm Corp. (I) 903 12,570
Furiex Pharmaceuticals, Inc. (I) 1,267 25,391
Harvard Bioscience, Inc. (I) 3,335 11,939

 

212

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Life Sciences Tools & Services (continued)    
Life Technologies Corp. (I) 24,075 $ 984,908
Lonza Group AG (I) 1,765 62,957
Luminex Corp. (I) 4,749 105,190
Medtox Scientific, Inc. (I) 1,062 21,463
Mettler-Toledo International, Inc. (I) 5,037 786,376
Pacific Biosciences of California, Inc. (I) 4,217 9,952
PAREXEL International Corp. (I) 7,359 196,927
PerkinElmer, Inc. 15,323 407,592
QIAGEN NV (I) 7,409 119,008
Sequenom, Inc. (I) (L) 14,166 54,256
Techne Corp. 5,897 400,170
Thermo Fisher Scientific, Inc. 49,409 2,494,166
Waters Corp. (I) 12,028 959,594
 
    9,715,203
Pharmaceuticals - 5.0%    
Abbott Laboratories 212,345 13,120,798
Acura Pharmaceuticals, Inc. (I) 1,640 4,625
Akorn, Inc. (I) (L) 6,995 95,482
Alimera Sciences, Inc. (I) (L) 1,428 3,913
Allergan, Inc. 41,115 3,710,629
Ampio Pharmaceuticals, Inc. (I) 2,784 8,992
Aspen Pharmacare Holdings, Ltd. (I) 16,507 229,094
Astellas Pharma, Inc. 18,100 708,909
AstraZeneca PLC 73,919 2,984,271
Auxilium Pharmaceuticals, Inc. (I) 5,967 113,970
AVANIR Pharmaceuticals, Class A (I) 16,446 48,845
Bayer AG 26,151 1,655,999
Bristol-Myers Squibb Company 227,977 7,600,753
Cadence Pharmaceuticals, Inc. (I) 6,120 16,830
Celltrion, Inc. (I) 2,718 77,136
Cempra Inc (I) 630 4,883
Chugai Pharmaceutical Company, Ltd. 9,000 162,129
Columbia Laboratories, Inc. (I) 9,539 6,578
Corcept Therapeutics, Inc. (I) 5,180 21,186
Cornerstone Therapeutics, Inc. (I) 1,287 6,950
Daiichi Sankyo Company, Ltd. 27,300 437,971
Dainippon Sumitomo Pharma Company, Ltd. 6,300 60,094
Depomed, Inc. (I) 6,715 34,515
Dr. Reddy’s Laboratories, Ltd., ADR 10,000 294,300
Durect Corp. (I) 10,170 8,222
Eisai Company, Ltd. 10,300 419,227
Elan Corp. PLC (I) 8,311 116,910
Elan Corp. PLC (European    
Composite Exchange) (I) 9,995 143,115
Eli Lilly & Company 137,905 5,647,210
Endo Pharmaceuticals Holdings, Inc. (I) 18,670 607,148
Endocyte, Inc. (I) 2,155 13,857
Forest Laboratories, Inc. (I) 35,860 1,255,100
Forest Laboratories, Inc. 891 846
GlaxoSmithKline PLC 286,915 6,368,324
Hi-Tech Pharmacal Company, Inc. (I) 1,311 37,875
Hisamitsu Pharmaceutical Company, Inc. 2,400 105,538
Hospira, Inc. (I) 22,249 695,504
Impax Laboratories, Inc. (I) 8,148 168,908
ISTA Pharmaceuticals, Inc. (I) 4,009 36,442
Jazz Pharmaceuticals PLC (I) 2,751 118,843
Johnson & Johnson 370,719 23,143,987
Kalbe Farma Tbk PT 176,500 72,640
KV Pharmaceutical Company, Class A (I) (L) 3,416 3,826
Kyowa Hakko Kogyo Company, Ltd. 9,737 95,629
MAP Pharmaceuticals, Inc. (I) 2,721 32,026
Medicis Pharmaceutical Corp., Class A 17,099 617,274
Merck & Company, Inc. 411,094 15,448,913
Merck KGaA 2,057 190,391

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Pharmaceuticals (continued)    
Mitsubishi Tanabe Pharma Corp. 8,900 $ 116,911
Mylan, Inc. (I) 57,657 1,249,427
Nektar Therapeutics (I) (L) 14,164 94,899
Novartis AG 82,736 4,309,808
Obagi Medical Products, Inc. (I) 2,428 30,083
Ono Pharmaceutical Company, Ltd. 3,300 185,926
Optimer Pharmaceuticals, Inc. (I) (L) 5,770 86,204
Orion OYJ, Series B 2,762 48,297
Otsuka Holdings Company, Ltd. 10,200 320,434
Pacira Pharmaceuticals, Inc. (I) 952 10,110
Pain Therapeutics, Inc. (I) 4,782 17,933
Par Pharmaceutical Companies, Inc. (I) 4,511 161,674
Pernix Therapeutics Holdings (I) 578 3,740
Perrigo Company 12,600 1,309,014
Pfizer, Inc. 1,018,080 22,265,410
Pharmstandard - Reg S GDR (I) 1,827 24,299
Pozen, Inc. (I) 3,402 23,576
Questcor Pharmaceuticals, Inc. (I) (L) 6,633 274,606
Ranbaxy Laboratories, Ltd. (I) 19,000 179,490
Ranbaxy Laboratories, Ltd., ADR (I) 5,039 46,762
Roche Holdings AG 24,935 3,910,002
Sagent Pharmaceuticals, Inc. (I) 826 13,175
Salix Pharmaceuticals, Ltd. (I) 7,286 377,488
Sanofi 35,949 2,453,205
Santarus, Inc. (I) 6,736 44,862
Santen Pharmaceutical Company, Ltd. 3,000 108,585
SciClone Pharmaceuticals, Inc. (I) 4,402 27,733
Shionogi & Company, Ltd. 12,100 152,072
Shire PLC 31,918 898,718
Sihuan Pharmaceutical Holdings Group, Ltd. 78,000 26,788
Sucampo Pharmaceuticals, Inc. (I) 1,717 12,586
Taisho Pharmaceutical    
Holdings Company, Ltd. 1,500 111,642
Takeda Pharmaceutical Company, Ltd. 32,100 1,338,614
The Medicines Company (I) 6,737 148,079
Transcept Pharmaceuticals, Inc. (I) 674 4,772
Tsumura & Company, Ltd. 2,400 52,727
UCB SA 3,142 147,598
Valeant Pharmaceuticals International, Inc. (I) 9,209 449,996
ViroPharma, Inc. (I) (L) 8,829 177,816
Vivus, Inc. (I) (L) 12,217 302,859
Watson Pharmaceuticals, Inc. (I) 17,174 1,224,334
XenoPort, Inc. (I) 4,495 26,431
Yuhan Corp. 205 20,040
Zogenix, Inc. (I) 2,586 4,655
 
    129,549,987
 
    261,426,827
Industrials - 10.5%    
Aerospace & Defense - 1.9%    
AAR Corp. 5,043 60,768
Aerovironment, Inc. (I) 2,165 48,236
Alliant Techsystems, Inc. 5,281 258,505
American Science & Engineering, Inc. 1,158 56,105
Astronics Corp. (I) 1,405 35,856
AviChina Industry & Technology    
Company, Ltd., H Shares 88,000 34,057
BAE Systems PLC 183,685 775,635
BE Aerospace, Inc. (I) 16,625 720,195
Bombardier, Inc. 46,555 170,381
CAE, Inc. 8,209 79,877
Ceradyne, Inc. 3,157 79,525
Cobham PLC 61,011 210,333
Cubic Corp. 2,001 86,843

 

213

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Aerospace & Defense (continued)    
Curtiss-Wright Corp. 5,895 $ 179,149
DigitalGlobe, Inc. (I) 4,446 71,847
Ducommun, Inc. (I) 1,451 13,103
Empresa Brasileira de Aeronautica SA 24,400 173,607
Esterline Technologies Corp. (I) 8,733 564,064
European Aeronautic Defence &    
Space Company NV 13,041 439,041
Exelis, Inc. 29,557 295,570
Finmeccanica SpA (I) (L) 12,689 42,439
GenCorp, Inc. (I) (L) 7,532 46,096
General Dynamics Corp. 48,188 3,084,514
GeoEye, Inc. (I) (L) 2,798 53,610
Goodrich Corp. 16,990 2,136,832
HEICO Corp. 6,582 274,206
Hexcel Corp. (I) 12,325 300,484
Honeywell International, Inc. 104,711 5,828,214
Huntington Ingalls Industries, Inc. (I) 7,808 287,178
Korea Aerospace Industries, Ltd. 1,150 24,199
Kratos Defense &    
Security Solutions, Inc. (I) (L) 4,113 22,251
L-3 Communications Holdings, Inc. 13,369 911,632
LMI Aerospace, Inc. (I) 1,326 20,818
Lockheed Martin Corp. 36,002 2,980,966
Moog, Inc., Class A (I) 2,991 113,718
National Presto Industries, Inc. (L) 625 41,913
Northrop Grumman Corp. 34,118 2,004,433
Orbital Sciences Corp., Class A (I) 7,493 83,847
Precision Castparts Corp. 19,604 3,258,381
Raytheon Company 45,901 2,309,738
Rockwell Collins, Inc. 20,072 1,011,027
Rolls-Royce Holdings PLC (I) 106,424 1,353,878
Safran SA (L) 5,269 181,682
Singapore Technologies Engineering, Ltd. 67,000 153,571
Taser International, Inc. (I) 7,358 39,586
Teledyne Technologies, Inc. (I) 4,644 276,690
Textron, Inc. 37,765 892,387
Thales SA (L) 3,073 91,244
The Boeing Company 100,708 7,010,284
The KEYW Holding Corp. (I) (L) 2,561 23,612
Triumph Group, Inc. 11,639 696,478
United Technologies Corp. 122,919 9,109,527
 
    49,018,132
Air Freight & Logistics - 0.7%    
Air Transport Services Group, Inc. (I) 6,857 34,765
Atlas Air Worldwide Holdings, Inc. (I) 3,281 149,023
C.H. Robinson Worldwide, Inc. 22,060 1,285,216
Deutsche Post AG 26,835 442,649
Echo Global Logistics, Inc. (I) 1,491 25,362
Expeditors International of Washington, Inc. 28,641 1,095,518
FedEx Corp. 42,470 3,785,776
Forward Air Corp. 3,721 118,067
HUB Group, Inc., Class A (I) 4,634 162,005
Hyundai Glovis Company, Ltd. 340 59,971
Pacer International, Inc. (I) 4,611 26,006
Park-Ohio Holdings Corp. (I) 1,097 20,240
TNT Express NV 11,136 123,966
Toll Holdings, Ltd. 36,682 164,267
United Parcel Service, Inc., Class B 129,476 9,702,931
UTi Worldwide, Inc. 16,444 257,184
Yamato Transport Company, Ltd. 16,100 249,653
 
    17,702,599
Airlines - 0.1%    
Air China, Ltd., H Shares 89,466 55,076

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Airlines (continued)    
Alaska Air Group, Inc. (I) 20,252 $ 694,644
All Nippon Airways Company, Ltd. 36,000 98,179
Allegiant Travel Company (I) (L) 1,856 120,362
Cathay Pacific Airways, Ltd. 53,000 81,522
China Airlines, Ltd. 86,000 34,559
China Southern Airlines Company, Ltd.,    
H Shares 82,000 35,205
Deutsche Lufthansa AG 7,497 78,738
EVA Airways Corp. 54,000 32,120
Hawaiian Holdings, Inc. (I) 6,518 37,674
International Consolidated    
Airlines Group SA (I) 29,487 64,980
JetBlue Airways Corp. (I) (L) 63,438 331,781
Korean Air Lines Company, Ltd. (I) 957 36,614
Qantas Airways, Ltd. (I) 61,150 88,469
Republic Airways Holdings, Inc. (I) 6,126 33,203
Ryanair Holdings PLC, ADR (I) (L) 1,330 40,831
Singapore Airlines, Ltd. 23,140 186,648
SkyWest, Inc. 6,658 46,939
Southwest Airlines Company 104,378 942,533
Spirit Airlines, Inc. (I) 1,926 39,695
US Airways Group, Inc. (I) (L) 20,139 266,238
 
    3,346,010
Building Products - 0.2%    
AAON, Inc. 2,408 45,126
Ameresco, Inc., Class A (I) 2,299 24,714
American Woodmark Corp. (I) 1,223 20,681
AO Smith Corp. 4,731 218,383
Apogee Enterprises, Inc. 3,582 52,942
Asahi Glass Company, Ltd. 41,000 274,811
Assa Abloy AB, Series B 10,062 261,687
Builders FirstSource, Inc. (I) 5,683 22,505
Cie de Saint-Gobain 12,618 449,015
Daikin Industries, Ltd. 9,600 246,302
Fortune Brands Home & Security, Inc. (I) 25,253 571,223
Geberit AG (I) 1,350 261,895
Gibraltar Industries, Inc. (I) 3,838 39,224
Griffon Corp. (L) 5,987 47,956
Insteel Industries, Inc. 2,351 21,465
JS Group Corp. 10,900 199,535
KCC Corp. 107 26,808
Lennox International, Inc. 8,136 348,953
Masco Corp. 48,254 611,378
NCI Building Systems, Inc. (I) 2,519 24,485
Nippon Sheet Glass Company, Ltd. (L) 36,000 35,322
Quanex Building Products Corp. 4,714 77,828
Simpson Manufacturing Company, Inc. 5,193 144,313
Taiwan Glass Industrial Corp. 29,000 27,135
TOTO, Ltd. 12,000 81,222
Trex Company, Inc. (I) (L) 1,938 56,396
Universal Forest Products, Inc. 2,441 91,904
USG Corp. (I) (L) 8,852 136,498
 
    4,419,706
Commercial Services & Supplies - 0.6%    
A.T. Cross Company, Class A (I) 1,355 13,726
ABM Industries, Inc. (L) 6,612 141,960
ACCO Brands Corp. (I) 14,481 132,067
Aggreko PLC 15,094 511,634
American Reprographics Company (I) 4,765 24,635
Avery Dennison Corp. 14,372 418,369
Babcock International Group PLC 20,444 268,001
Brambles, Ltd. 80,163 519,438
Casella Waste Systems, Inc., Class A (I) 3,433 17,371

 

214

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Services & Supplies (continued)    
Cenveo, Inc. (I) (L) 6,863 $ 14,275
Cintas Corp. 14,894 549,589
Clean Harbors, Inc. (I) 13,423 833,166
Compx International Inc 280 3,640
Consolidated Graphics, Inc. (I) 1,084 31,620
Copart, Inc. (I) 17,078 462,985
Corrections Corp. of America 15,923 415,113
Courier Corp. 1,498 16,373
Dai Nippon Printing Company, Ltd. 22,000 165,695
Deluxe Corp. (L) 14,590 337,321
Edenred (L) 4,965 131,393
Encore Capital Group, Inc. (I) 2,049 49,668
EnergySolutions, Inc. (I) 9,891 34,816
EnerNOC, Inc. (I) 3,159 19,965
Ennis, Inc. 3,332 47,381
Fuel Tech, Inc. (I) 2,511 10,069
G&K Services, Inc., Class A 2,361 68,894
G4S PLC 79,884 340,060
Healthcare Services Group, Inc. 8,299 162,245
Heritage-Crystal Clean, Inc. (I) 674 13,183
Herman Miller, Inc. 16,432 303,663
HNI Corp. 12,756 294,791
InnerWorkings, Inc. (I) 3,332 39,284
Interface, Inc. 6,580 83,500
Intersections, Inc. 1,343 15,350
Iron Mountain, Inc. 23,105 655,027
Kimball International, Inc., Class B 2,093 14,400
Knoll, Inc. 5,998 79,593
McGrath RentCorp 3,064 77,366
Metalico, Inc. (I) 5,151 13,032
Mine Safety Appliances Company 8,324 341,950
Mobile Mini, Inc. (I) (L) 4,610 63,341
Multi-Color Corp. 1,542 28,573
NL Industries, Inc. 891 10,888
Pitney Bowes, Inc. (L) 26,985 368,075
Portfolio Recovery Associates, Inc. (I) (L) 2,146 148,310
Quad/Graphics, Inc. (L) 3,144 39,740
R.R. Donnelley & Sons Company (L) 24,107 259,391
Republic Services, Inc. 42,482 1,119,826
Ritchie Brothers Auctioneers, Inc. (L) 2,970 58,575
Rollins, Inc. 18,272 388,097
S1 Corp. 418 20,004
Schawk, Inc., Class A 790 8,809
Secom Company, Ltd. 8,400 369,887
Securitas AB, Series B 9,571 70,078
Serco Group PLC 28,007 227,377
Societe BIC SA 868 85,060
Standard Parking Corp. (I) 2,092 39,769
Steelcase, Inc., Class A 9,916 86,963
Stericycle, Inc. (I) 11,447 998,865
Swisher Hygiene, Inc. (I) (L) 10,434 20,764
Sykes Enterprises, Inc. (I) 4,999 75,235
Team, Inc. (I) 2,458 65,579
Tetra Tech, Inc. (I) 7,797 194,847
The Brinks Company 13,314 303,160
The Geo Group, Inc. (I) 7,628 165,985
TMS International Corp. (I) 1,714 19,025
Toppan Printing Company, Ltd. 23,000 140,096
TRC Companies, Inc. (I) 1,188 7,164
Unifirst Corp. 1,785 102,138
United Stationers, Inc. 5,321 134,355
US Ecology, Inc. 2,381 40,977
Viad Corp. 2,582 45,727
Waste Connections, Inc. 19,714 610,148

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Services & Supplies (continued)    
Waste Management, Inc. 62,311 $ 2,021,369
 
    16,010,805
Construction & Engineering - 0.3%    
ACS Actividades de Construccion    
y Servicios SA 4,320 71,730
AECOM Technology Corp. (I) 18,736 305,209
Aegion Corp. (I) 4,950 78,062
Argan, Inc. 1,158 15,378
Aveng, Ltd. 21,146 96,106
Balfour Beatty PLC 38,838 163,046
Bouygues SA 5,901 143,115
China Communications Construction    
Company, Ltd., H Shares 188,965 177,181
China Railway Construction Corp., H Shares 84,300 65,433
China Railway Group, Ltd., H Shares 170,000 65,273
China State Construction    
International Holdings, Ltd. 62,000 57,558
Chiyoda Corp. 6,000 70,696
Comfort Systems USA, Inc. 4,809 43,666
Daelim Industrial Company, Ltd. 719 60,598
Daewoo Engineering &    
Construction Company, Ltd. (I) 2,569 18,544
Doosan Heavy Industries and    
Construction Company, Ltd. 1,112 50,808
Dycom Industries, Inc. (I) 4,394 86,035
Eiffage SA 1,250 38,118
EMCOR Group, Inc. 8,332 227,880
Ferrovial SA 11,564 109,689
Fluor Corp. 22,823 1,069,942
Fomento de Construcciones y Contratas SA 1,526 19,248
Furmanite Corp. (I) 4,814 22,144
Granite Construction, Inc. 10,318 236,489
Great Lakes Dredge & Dock Corp. 7,439 48,354
GS Engineering & Construction Corp. 915 62,295
Hochtief AG (I) 1,333 60,462
Hyundai Development Company 1,450 28,882
Hyundai Engineering &    
Construction Company, Ltd. 1,729 97,243
Jacobs Engineering Group, Inc. (I) 17,352 616,343
JGC Corp. 8,000 219,195
Kajima Corp. 35,000 91,250
KBR, Inc. 23,680 603,130
Kinden Corp. 5,000 32,092
Koninklijke Boskalis Westinster NV 2,228 66,814
Larsen & Toubro, Ltd. 16,569 338,628
Larsen & Toubro, Ltd., GDR 16,157 327,018
Layne Christensen Company (I) 2,496 46,800
Leighton Holdings, Ltd. 8,096 139,137
MasTec, Inc. (I) 7,052 115,300
Metallurgical Corp. of China, Ltd.,    
H Shares (I) 125,000 27,452
Michael Baker Corp. (I) 1,136 26,185
MYR Group, Inc. (I) 2,573 39,135
Northwest Pipe Company (I) 1,237 25,198
Obayashi Corp. 27,000 104,535
Orion Marine Group, Inc. (I) 3,534 23,607
Pike Electric Corp. (I) 2,206 15,927
Primoris Services Corp. 3,379 40,514
Quanta Services, Inc. (I) 28,541 644,456
Samsung Engineering Company, Ltd. 775 123,257
Shimizu Corp. 24,000 79,447
Skanska AB, Series B 12,482 166,214
SNC-Lavalin Group, Inc. 4,860 179,465
Sterling Construction Company, Inc. (I) 2,244 20,196

 

215

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Construction & Engineering (continued)    
Taisei Corp. 42,000 $ 102,027
The Shaw Group, Inc. (I) 10,423 264,744
Tutor Perini Corp. (I) 3,890 43,724
Unitek Global Services Inc (I) 1,482 4,076
URS Corp. 12,735 460,625
Vinci SA 14,219 572,192
 
    9,147,867
Electrical Equipment - 0.7%    
A123 Systems, Inc. (I) (L) 11,004 11,224
ABB, Ltd. (I) 77,499 1,221,339
Active Power, Inc. (I) 9,999 7,900
Acuity Brands, Inc. 12,132 661,194
Alstom SA 6,514 189,481
American Superconductor Corp. (I) (L) 5,502 21,678
AMETEK, Inc. 25,674 1,301,929
AZZ, Inc. 1,584 84,950
Bekaert SA 1,201 31,381
Belden, Inc. 5,878 183,688
Brady Corp., Class A 5,941 163,021
Broadwind Energy, Inc. (I) 17,062 5,119
Capstone Turbine Corp. (I) 33,329 34,329
Coleman Cable, Inc. 1,156 9,942
Cooper Industries PLC 21,406 1,509,123
Dongfang Electric Corp. Ltd., H Shares 14,600 34,210
Emerson Electric Company 99,186 4,638,929
Encore Wire Corp. 2,351 58,799
EnerSys, Inc. (I) 5,948 196,165
Franklin Electric Company, Inc. 2,902 141,966
Fuelcell Energy, Inc. (I) (L) 20,103 27,139
Fuji Electric Company, Ltd. 22,000 51,016
Furukawa Electric Company, Ltd. 26,000 55,387
Generac Holdings, Inc. (I) 3,099 76,700
General Cable Corp. (I) 7,961 226,570
Global Power Equipment Group, Inc. 1,992 36,713
GS Yuasa Corp. (L) 14,000 59,558
Hubbell, Inc., Class B 9,536 752,581
II-VI, Inc. (I) 6,495 122,756
Legrand SA, ADR (L) 7,008 211,460
LS Cable, Ltd. 464 31,932
LS Industrial Systems Company, Ltd. 402 18,947
LSI Industries, Inc. 2,721 16,653
Mitsubishi Electric Corp. 79,000 618,739
Powell Industries, Inc. (I) 1,133 41,672
PowerSecure International, Inc. (I) (L) 2,480 10,292
Preformed Line Products Company 317 17,651
Prysmian SpA 6,630 94,212
Regal-Beloit Corp. 6,659 401,471
Rockwell Automation, Inc. 19,230 1,394,367
Roper Industries, Inc. 13,086 1,324,565
Satcon Technology Corp. (I) 12,035 4,117
Schneider Electric SA (L) 15,426 827,111
Shanghai Electric Group Company, Ltd.,    
H Shares 121,136 54,970
Sumitomo Electric Industries, Ltd. 30,700 354,130
Suzlon Energy, Ltd. (I) 60,600 121,200
Teco Electric & Machinery Company, Ltd. 55,000 37,383
Thermon Group Holdings, Inc. (I) 1,232 25,022
Ushio, Inc. 4,100 45,495
Valence Technology, Inc. (I) (L) 10,080 7,459
Vicor Corp. 2,587 15,574
Walsin Lihwa Corp. 100,000 26,370
Zhuzhou CSR Times Electric Company, Ltd.,    
H Shares 20,000 57,951
 
    17,673,530

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electronic Equipment, Instruments & Components - 0.0%  
Mabuchi Motor Company, Ltd. 900 $ 34,571
Industrial Conglomerates - 1.9%    
3M Company 93,797 7,917,405
Aboitiz Equity Ventures, Inc. 74,300 88,575
Barloworld, Ltd. 12,353 123,132
Beijing Enterprises Holdings, Ltd. 22,214 127,205
Bidvest Group, Ltd. 18,139 383,672
Carlisle Companies, Inc. 9,885 513,822
Citic Pacific, Ltd. 56,033 86,520
CJ Corp. 399 27,349
Danaher Corp. 77,262 4,015,306
Doosan Corp. 266 28,134
Far Eastern New Century Corp. 96,000 97,083
Fraser and Neave, Ltd. 40,000 198,175
General Electric Company 1,428,992 27,279,457
Hutchison Whampoa, Ltd. 93,000 761,948
Keppel Corp., Ltd. 61,931 478,073
Koninklijke Philips Electronics NV 31,719 561,395
LG Corp. 2,436 113,333
NWS Holdings, Ltd. 59,230 86,186
Orion Corp. 95 77,401
Raven Industries, Inc. 2,280 151,894
Reunert, Ltd. 10,416 83,556
Samsung Techwin Company, Ltd. 959 60,454
Seaboard Corp. (I) 40 79,453
SembCorp Industries, Ltd. 43,000 160,644
Shanghai Industrial Holdings, Ltd. 24,070 67,174
Siemens AG 26,046 2,146,204
SK Holdings Company, Ltd. 672 69,597
SM Investments Corp. 6,504 105,021
Smiths Group PLC 22,228 342,776
Standex International Corp. 1,588 64,616
Tyco International, Ltd. 62,254 3,309,423
Wendel SA 1,029 67,737
 
    49,672,720
Machinery - 2.2%    
Accuride Corp. (I) 4,995 29,570
Actuant Corp., Class A 8,534 223,335
AGCO Corp. (I) 15,548 625,185
Alamo Group, Inc. 896 27,749
Albany International Corp., Class A 3,465 63,202
Alfa Laval AB 10,663 176,626
Altra Holdings, Inc. 3,391 56,867
Amada Company, Ltd. 14,000 80,477
American Railcar Industries, Inc. (I) 1,240 26,226
Ampco-Pittsburgh Corp. 1,199 18,620
Astec Industries, Inc. (I) 2,512 68,954
Atlas Copco AB, Series A 21,919 444,283
Atlas Copco AB, Series B 12,264 221,353
Barnes Group, Inc. 6,855 159,516
Blount International, Inc. (I) 6,117 83,314
Briggs & Stratton Corp. (L) 6,281 106,149
Cascade Corp. 1,157 57,804
Caterpillar, Inc. 87,449 7,662,281
Changsha Zoomlion Heavy Industry Science    
and Technology Development Company,    
H Shares (L) 55,000 80,344
Chart Industries, Inc. (I) 3,667 229,041
China Rongsheng Heavy Industry    
Group Company, Ltd. 73,000 19,696
CIRCOR International, Inc. (L) 2,163 69,627
CLARCOR, Inc. 14,337 699,646
Colfax Corp. (I) 6,423 181,964
Columbus McKinnon Corp. (I) 2,481 38,307

 

216

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery (continued)    
Commercial Vehicle Group, Inc. (I) 3,617 $ 31,576
Cosco Corp. Singapore, Ltd. 42,000 32,932
Crane Company 7,763 294,140
CSR Corp., Ltd., H Shares 82,000 62,910
Cummins, Inc. 25,920 2,512,944
Daewoo Shipbuilding & Marine    
Engineering Company, Ltd. 2,450 56,562
Deere & Company 54,266 4,008,629
Donaldson Company, Inc. (L) 23,823 852,149
Doosan Infracore Company, Ltd. (I) 2,630 43,240
Douglas Dynamics, Inc. 2,464 31,490
Dover Corp. 24,804 1,402,914
Dynamic Materials Corp. 1,751 29,557
Eaton Corp. 45,201 1,928,275
Energy Recovery, Inc. (I) (L) 5,976 13,386
EnPro Industries, Inc. (I) (L) 2,583 99,497
ESCO Technologies, Inc. 3,344 116,706
FANUC Corp. 7,800 1,341,583
Federal Signal Corp. (I) 7,816 38,924
Fiat Industrial SpA 24,392 246,811
Flow International Corp. (I) 6,306 18,603
Flowserve Corp. 7,360 756,461
FreightCar America, Inc. 1,521 30,161
Gardner Denver, Inc. 8,104 438,264
GEA Group AG 5,588 142,203
Graco, Inc. 9,574 461,180
Graham Corp. 1,301 25,057
Greenbrier Companies, Inc. (I) 2,451 33,922
Harsco Corp. 12,883 258,948
Hino Motors, Ltd. 10,000 66,102
Hitachi Construction    
Machinery Company, Ltd. (L) 4,400 84,178
Hiwin Technologies Corp. 5,000 50,015
Hurco Companies, Inc. (I) 879 19,391
Hyundai Heavy Industries Company, Ltd. 1,078 243,397
Hyundai Mipo Dockyard Company, Ltd. 267 26,638
IDEX Corp. 13,407 532,660
IHI Corp. 54,000 110,423
Illinois Tool Works, Inc. (L) 65,332 3,668,392
Ingersoll-Rand PLC 40,159 1,658,968
Invensys PLC 45,426 153,668
ITT Corp. (L) 15,181 311,666
John Bean Technologies Corp. 3,649 50,831
Joy Global, Inc. 14,291 798,295
JTEKT Corp. 8,900 86,166
Kadant, Inc. (I) 1,524 34,595
Kawasaki Heavy Industries, Ltd. 58,000 152,798
Kaydon Corp. (L) 4,079 91,002
Kennametal, Inc. 12,758 443,468
Komatsu, Ltd. 38,800 926,302
Kone OYJ 4,838 271,038
Kubota Corp. 47,000 400,463
Kurita Water Industries, Ltd. 4,500 98,396
LB Foster Company 1,197 33,085
Lincoln Electric Holdings, Inc. 13,398 637,477
Lindsay Corp. 1,559 86,758
Lonking Holdings, Ltd. 84,000 26,000
Lydall, Inc. (I) 2,316 28,834
Makita Corp. 4,500 152,055
MAN SE 2,019 193,418
Meritor, Inc. (I) 11,721 63,411
Met-Pro Corp. 2,114 20,041
Metso OYJ 3,930 129,217
Middleby Corp. (I) 2,346 239,925
Miller Industries, Inc. 1,612 23,406

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery (continued)    
Mitsubishi Heavy Industries, Ltd. 125,000 $ 503,362
Mueller Industries, Inc. (L) 4,737 201,228
Mueller Water Products, Inc. 19,265 67,235
Nabtesco Corp. 3,800 84,705
NACCO Industries, Inc., Class A 730 76,599
NGK Insulators, Ltd. 10,000 103,518
NN, Inc. (I) 2,189 16,899
Nordson Corp. 9,108 488,280
NSK, Ltd. 18,000 110,159
NTN Corp. 19,000 61,425
Omega Flex, Inc. (I) 199 2,195
Oshkosh Corp. (I) 14,644 299,763
PACCAR, Inc. 48,197 1,810,761
Pall Corp. 15,586 867,517
Parker Hannifin Corp. 20,380 1,665,861
Pentair, Inc. 15,777 643,071
PMFG, Inc. (I) 2,643 20,193
Proto Labs, Inc. (I) 323 11,915
RBC Bearings, Inc. (I) 2,782 129,085
Robbins & Myers, Inc. 4,911 223,892
Samsung Heavy Industries Company, Ltd. 4,161 128,564
Sandvik AB 32,320 405,664
Sany Heavy Equipment International    
Holdings Company, Ltd. 41,000 24,770
Sauer-Danfoss, Inc. 1,437 51,919
Scania AB, Series B 10,129 161,599
Schindler Holding AG 1,772 196,582
Schindler Holding AG - REG 669 74,609
SembCorp Marine, Ltd. 35,600 123,068
SKF AB, B Shares 12,520 248,673
SMC Corp. 2,200 359,754
Snap-On, Inc. 7,886 477,182
SPX Corp. 8,197 588,791
Stanley Black & Decker, Inc. 22,896 1,516,860
Sulzer AG 831 99,462
Sumitomo Heavy Industries, Ltd. 22,000 97,109
Sun Hydraulics, Inc. 2,514 58,652
Tecumseh Products Company, Class A (I) 2,390 11,233
Tennant Company 2,399 101,238
Terex Corp. (I) 17,565 292,106
The Gorman-Rupp Company (L) 1,926 53,947
The Japan Steel Works, Ltd. 13,000 68,000
The Weir Group PLC (L) 12,011 287,515
THK Company, Ltd. 4,800 90,429
Timken Company 13,447 641,422
Titan International, Inc. (L) 5,221 116,950
TriMas Corp. (I) 3,206 64,152
Trinity Industries, Inc. 12,830 316,901
Twin Disc, Inc. (L) 1,087 20,718
United Tractors Tbk PT 43,333 106,372
Vallourec SA (L) 3,538 133,287
Valmont Industries, Inc. 3,601 412,315
Volvo AB, Series B 44,883 508,168
Wabash National Corp. (I) 8,487 59,070
Wabtec Corp. 7,683 557,863
Wartsila OYJ 5,221 172,247
Watts Water Technologies, Inc., Class A 3,757 124,169
Weichai Power Company, Ltd., H Shares (I) 17,600 77,554
Woodward, Inc. 17,285 651,817
Xerium Technologies, Inc. (I) 1,429 5,144
Xylem, Inc. 24,947 631,908
Yangzijiang Shipbuilding Holdings, Ltd. 83,000 66,331
Zardoya Otis SA 4,426 48,992
 
    56,292,408

 

217

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Marine - 0.1%    
Alexander & Baldwin, Inc. (I) 6,698 $ 341,732
Baltic Trading, Ltd. 2,127 7,870
China COSCO Holdings Company, Ltd.,    
H Shares (I) 107,879 51,270
China Shipping Container Lines    
Company, Ltd., H Shares (I) 148,076 37,069
China Shipping Development Company, Ltd.,    
H Shares 55,568 30,206
Eagle Bulk Shipping, Inc. (I) (L) 1,993 5,998
Evergreen Marine Corp. 42,000 20,597
Excel Maritime Carriers, Ltd. (I) (L) 5,807 4,361
Genco Shipping & Trading, Ltd. (I) (L) 4,536 14,152
Hyundai Merchant Marine Company, Ltd. (I) 1,080 22,910
International Shipholding Corp. 849 15,274
Kawasaki Kisen Kaisha, Ltd. 28,000 51,372
Kirby Corp. (I) 8,934 471,537
Kuehne & Nagel International AG 1,854 197,796
Mitsui O.S.K. Lines, Ltd. 46,000 161,269
Neptune Orient Lines, Ltd. (I) 35,750 29,400
Nippon Yusen Kabushiki Kaisha 61,000 162,368
Orient Overseas International, Ltd. 9,500 51,265
STX Pan Ocean Company, Ltd. 2,497 9,227
U-Ming Marine Transport Corp. 11,000 16,758
Ultrapetrol Bahamas, Ltd. (I) (L) 2,742 3,921
Wan Hai Lines, Ltd. (I) 29,000 13,784
Yang Ming Marine Transport Corp. 45,000 18,601
 
    1,738,737
Professional Services - 0.3%    
Acacia Research Corp. (I) 5,349 185,985
Adecco SA (I) 4,532 176,971
Barrett Business Services, Inc. 1,057 20,876
Bureau Veritas SA 1,707 147,339
Campbell Brothers, Ltd. 3,644 205,280
Capita PLC 37,054 353,088
CBIZ, Inc. (I) 5,291 29,841
CDI Corp. 1,640 27,519
CRA International, Inc. (I) 1,441 27,105
Dun & Bradstreet Corp. 6,446 435,556
Equifax, Inc. 16,185 731,076
Experian PLC 56,846 793,317
Exponent, Inc. (I) 1,697 80,132
Franklin Covey Company (I) 907 8,372
FTI Consulting, Inc. (I) 11,904 375,809
GP Strategies Corp. (I) 1,948 30,700
Heidrick & Struggles International, Inc. 2,247 36,896
Hill International, Inc. (I) 3,334 10,169
Hudson Global, Inc. (I) 4,250 16,788
Huron Consulting Group, Inc. (I) 2,798 87,465
ICF International, Inc. (I) 2,512 56,520
Insperity, Inc. 2,866 71,965
Intertek Group PLC 9,080 371,603
Kelly Services, Inc., Class A (L) 3,322 38,834
Kforce, Inc. (I) 3,723 49,628
Korn/Ferry International (I) 13,501 183,614
Manpower, Inc. 12,820 460,879
Mistras Group, Inc. (I) 1,862 41,969
Navigant Consulting Company (I) 6,512 77,949
Odyssey Marine Exploration, Inc. (I) (L) 9,583 30,953
On Assignment, Inc. (I) 4,622 77,003
Pendrell Corp. (I) 18,744 21,743
Randstad Holdings NV 3,677 100,361
Resources Connection, Inc. 5,423 65,076
Robert Half International, Inc. 19,197 545,579
RPX Corp. (I) 1,274 16,982

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Professional Services (continued)    
SGS SA 190 $ 344,651
The Advisory Board Company (I) 2,096 203,040
The Corporate Executive Board Company 9,646 350,536
The Dolan Company (I) 3,956 28,365
Towers Watson & Company, Class A 8,097 487,925
TrueBlue, Inc. (I) 5,009 74,885
VSE Corp. 284 6,972
 
    7,487,316
Road & Rail - 0.9%    
All America Latina Logistica SA 19,700 81,853
Amerco, Inc. 1,090 91,691
Arkansas Best Corp. 3,210 40,607
Asciano, Ltd. 53,226 235,101
Avis Budget Group, Inc. (I) 13,080 194,238
Canadian National Railway Company 14,433 1,180,240
Canadian Pacific Railway, Ltd. 5,507 405,647
Celadon Group, Inc. 2,617 42,160
Central Japan Railway Company, Ltd. 62 503,595
ComfortDelGro Corp., Ltd. 82,000 93,374
Con-way, Inc. 8,924 315,463
Covenant Transport, Inc. (I) 1,277 4,814
CSX Corp. 142,107 2,968,615
Dollar Thrifty Automotive Group, Inc. (I) 3,608 294,341
East Japan Railway Company 14,000 831,291
Genesee & Wyoming, Inc., Class A (I) 4,942 247,644
Heartland Express, Inc. 6,376 90,794
J.B. Hunt Transport Services, Inc. (L) 14,417 823,643
Kansas City Southern 17,586 1,160,324
Keikyu Corp. 19,000 165,784
Keio Corp. 24,000 164,625
Keisei Electric Railway Company, Ltd. 12,000 93,183
Kintetsu Corp. (L) 67,000 233,028
Knight Transportation, Inc. (L) 7,634 127,946
Landstar System, Inc. 7,474 393,880
Localiza Rent a Car SA 5,000 79,332
Marten Transport, Ltd. 2,074 42,455
MTR Corp., Ltd. 63,028 203,417
Nippon Express Company, Ltd. 35,000 136,689
Norfolk Southern Corp. 44,587 2,921,340
Odakyu Electric Railway Company, Ltd. 26,000 235,768
Old Dominion Freight Line, Inc. (I) 5,950 259,182
QR National, Ltd. 93,562 310,401
Quality Distribution, Inc. (I) 2,223 23,608
RailAmerica, Inc. (I) 2,685 63,957
Roadrunner Transportation Systems, Inc. (I) 1,222 20,530
Ryder Systems, Inc. 6,911 298,624
Saia, Inc. (I) 2,098 45,380
Swift Transportation Company (I) 9,841 104,413
Tobu Railway Company, Ltd. 42,000 205,282
Tokyu Corp. 47,000 208,263
Union Pacific Corp. 64,833 7,222,396
Universal Truckload Services, Inc. 859 11,287
Werner Enterprises, Inc. (L) 12,665 308,266
West Japan Railway Company 7,100 278,114
Zipcar, Inc. (I) (L) 1,263 13,577
 
    23,776,162
Trading Companies & Distributors - 0.5%    
Aceto Corp. 3,557 30,341
Aircastle, Ltd. 6,819 75,759
Applied Industrial Technologies, Inc. 5,294 199,637
Beacon Roofing Supply, Inc. (I) 5,763 143,211
Brenntag AG 1,505 169,750
Bunzl PLC 18,898 298,101

 

218

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Trading Companies & Distributors (continued)    
CAI International, Inc. (I) 1,567 $ 29,052
Daewoo International Corp. 955 23,449
DXP Enterprises, Inc. (I) 1,096 51,512
Essex Rental Corp. (I) 2,223 7,180
Fastenal Company (L) 39,876 1,763,715
Finning International, Inc. (L) 5,578 130,802
GATX Corp. 7,471 286,065
H&E Equipment Services, Inc. (I) 3,565 56,577
Houston Wire & Cable Company 2,306 26,288
Interline Brands, Inc. (I) 3,946 98,926
ITOCHU Corp. 61,900 675,246
Kaman Corp., Class A 3,331 97,432
Lawson Products, Inc. 610 5,984
Marubeni Corp. 68,000 432,629
Mitsubishi Corp. 57,400 1,117,203
Mitsui & Company, Ltd. 71,100 995,881
MSC Industrial Direct Company, Inc., Class A 7,369 528,431
Noble Group, Ltd. 165,773 142,754
Rush Enterprises, Inc., Class A (I) 4,066 67,374
Samsung C&T Corp. 3,219 185,187
Seacube Container Leasing, Ltd. 1,515 27,603
SK Networks Company, Ltd. 2,800 19,998
Sojitz Corp. 52,700 83,240
Sumitomo Corp. 46,300 618,977
TAL International Group, Inc. (L) 2,731 89,331
Textainer Group Holdings, Ltd. (L) 1,411 46,380
Titan Machinery, Inc. (I) 1,943 59,942
Toyota Tsusho Corp. 8,700 159,848
United Rentals, Inc. (I) (L) 23,316 805,568
W.W. Grainger, Inc. 8,236 1,594,901
Watsco, Inc. (L) 8,042 591,972
Wolseley PLC 16,147 552,056
 
    12,288,302
Transportation Infrastructure - 0.1%    
Abertis Infraestructuras SA 12,295 157,222
Aeroports de Paris 1,062 77,223
Atlantia SpA (L) 10,130 125,628
Beijing Capital International Airport    
Company, Ltd., H Shares 85,211 53,504
CCR SA 39,100 304,371
China Merchants Holdings    
International Company, Ltd. 48,031 145,411
COSCO Pacific, Ltd. 69,508 85,840
Ecorodovias Infraestrutura e Logistica SA 7,500 60,019
Fraport AG 1,189 60,200
Groupe Eurotunnel SA (L) 16,552 127,917
Hutchison Port Holdings Trust 224,100 159,821
Jiangsu Expressway, Ltd., H Shares 52,855 49,576
Kamigumi Company, Ltd. 10,000 77,634
Koninklijke Vopak NV 2,232 132,008
Mitsubishi Logistics Corp. 4,000 39,271
Sydney Airport 21,046 59,422
Transurban Group, Ltd. 71,607 394,392
Wesco Aircraft Holdings, Inc. (I) 2,608 36,173
Zhejiang Expressway Company, Ltd., H Shares 62,282 42,787
 
    2,188,419
    270,797,284
Information Technology - 15.5%    
Communications Equipment - 1.4%    
ADTRAN, Inc. 18,280 534,324
Alcatel-Lucent (I) 73,707 115,625
Anaren, Inc. (I) 2,083 40,244
Arris Group, Inc. (I) 14,456 178,242

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Communications Equipment (continued)    
Aruba Networks, Inc. (I) (L) 11,157 $ 146,603
Aviat Networks, Inc. (I) 7,914 20,497
Bel Fuse, Inc., Class B 1,426 23,215
Black Box Corp. 2,262 50,624
Calix, Inc. (I) 4,952 39,765
Ciena Corp. (I) (L) 15,781 213,833
Cisco Systems, Inc. 727,364 11,877,854
Communications Systems, Inc. 1,034 11,002
Comtech Telecommunications Corp. 2,452 70,814
Dialogic, Inc. (I) 1,570 1,479
Digi International, Inc. (I) 3,292 29,760
Emcore Corp. (I) (L) 2,809 11,517
Emulex Corp. (I) 10,882 73,127
Extreme Networks, Inc. (I) 11,683 43,578
F5 Networks, Inc. (I) 10,695 1,106,719
Finisar Corp. (I) (L) 11,155 160,074
Globecomm Systems, Inc. (I) 3,000 31,800
Harmonic, Inc. (I) 14,404 63,234
Harris Corp. 15,378 611,737
HTC Corp. 24,000 344,791
Infinera Corp. (I) (L) 13,089 83,900
InterDigital, Inc. (L) 5,660 139,745
Ixia (I) 4,851 51,324
JDS Uniphase Corp. (I) 31,041 315,066
Juniper Networks, Inc. (I) 71,086 1,222,679
KVH Industries, Inc. (I) 2,014 19,375
Loral Space & Communications, Inc. 1,376 82,973
Meru Networks, Inc. (I) (L) 1,393 2,159
Motorola Solutions, Inc. 39,736 1,910,507
NETGEAR, Inc. (I) 4,562 143,201
Nokia OYJ 118,391 313,769
Numerex Corp., Class A (I) 1,375 12,540
Oclaro, Inc. (I) (L) 6,331 16,144
Oplink Communications, Inc. (I) 2,568 32,922
OpNext, Inc. (I) 5,607 5,775
Plantronics, Inc. 12,327 370,919
Polycom, Inc. (I) 28,389 324,770
Powerwave Technologies, Inc. (I) (L) 3,914 3,433
Procera Networks, Inc. (I) 1,817 37,975
QUALCOMM, Inc. 228,427 13,091,151
Research In Motion, Ltd. (I) 15,300 158,503
Riverbed Technology, Inc. (I) 25,198 413,247
ShoreTel, Inc. (I) 6,044 25,324
Sonus Networks, Inc. (I) 26,370 64,079
Sycamore Networks, Inc. (I) 2,612 34,635
Symmetricom, Inc. (I) 2,872 15,652
Telefonaktiebolaget LM Ericsson, B Shares (L) 97,954 830,686
Tellabs, Inc. 58,408 213,773
Ubiquiti Networks, Inc. (I) (L) 1,077 20,086
ViaSat, Inc. (I) (L) 4,550 191,191
Westell Technologies, Inc., Class A (I) 7,207 15,567
ZTE Corp., H Shares 26,896 53,512
 
    36,017,040
Computers & Peripherals - 3.7%    
3D Systems Corp. (I) (L) 5,232 159,053
Acer, Inc. (I) 84,000 85,881
Advantech Company, Ltd. 9,000 30,732
Apple, Inc. (I) 125,917 72,746,028
Asustek Computer, Inc. 22,000 220,134
Avid Technology, Inc. (I) 3,686 26,318
Catcher Technology Company, Ltd. 19,000 120,418
Chicony Electronics Company, Ltd. 15,000 28,467
Clevo Company 15,000 21,492
Compal Electronics, Inc. 136,000 140,208

 

219

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Computers & Peripherals (continued)    
Cray, Inc. (I) 4,646 $ 49,619
Dell, Inc. (I) 206,224 2,542,742
Diebold, Inc. 10,000 370,100
Dot Hill Systems Corp. (I) 7,245 8,911
Electronics for Imaging, Inc. (I) 5,868 86,494
EMC Corp. (I) 277,266 6,612,794
Foxconn Technology Company, Ltd. 23,000 82,712
Fujitsu, Ltd. 76,000 330,832
Hewlett-Packard Company 266,901 6,053,315
Imation Corp. (I) 3,817 21,681
Immersion Corp. (I) 3,672 20,600
Intermec, Inc. (I) 7,414 43,817
Intevac, Inc. (I) 3,018 22,786
Inventec Company, Ltd. 72,000 23,930
Lenovo Group, Ltd. 264,564 225,252
Lexmark International, Inc., Class A (L) 9,567 239,271
Lite-On Technology Corp. 68,000 86,958
NCR Corp. (I) 25,323 542,419
NEC Corp. 106,000 152,207
NetApp, Inc. (I) 49,022 1,458,895
Novatel Wireless, Inc. (I) 4,199 8,692
OCZ Technology Group, Inc. (I) (L) 8,139 36,463
Pegatron Corp. 56,000 77,694
QLogic Corp. (I) 15,784 214,820
Quanta Computer, Inc. 82,000 214,089
Quantum Corp. (I) 27,999 54,598
Rimage Corp. 1,352 10,383
SanDisk Corp. (I) 32,734 1,070,402
Seiko Epson Corp. 5,400 54,574
Silicon Graphics International Corp. (I) (L) 3,843 22,635
Simplo Technology Company, Ltd. (I) 7,000 50,125
STEC, Inc. (I) 4,560 32,194
Stratasys, Inc. (I) (L) 2,635 125,215
Super Micro Computer, Inc. (I) (L) 3,550 56,587
Synaptics, Inc. (I) 4,011 107,575
Toshiba Corp. 165,000 617,571
Western Digital Corp. (I) 31,595 991,767
Wistron Corp. 65,000 82,206
Xyratex, Ltd. 3,560 40,726
Ya Hsin Industrial Company, Ltd. (I) 18,000 0
 
    96,422,382
Electrical Equipment - 0.0%    
Nidec Corp. 4,400 358,042
Electronic Equipment, Instruments & Components - 0.8%  
Aeroflex Holding Corp. (I) 2,462 15,929
Agilysys, Inc. (I) 2,350 17,108
Amphenol Corp., Class A 22,059 1,173,318
Anixter International, Inc. (L) 3,627 208,589
Arrow Electronics, Inc. (I) 17,900 606,989
AU Optronics Corp. 245,000 100,013
Avnet, Inc. (I) 23,204 707,490
Badger Meter, Inc. 1,907 68,862
Benchmark Electronics, Inc. (I) 7,649 103,567
Brightpoint, Inc. (I) 8,493 41,361
Checkpoint Systems, Inc. (I) 5,012 39,144
Cheng UEI Precision Industry Company, Ltd. 13,000 27,155
Chimei Innolux Corp. (I) 166,000 69,711
Citizen Watch Company, Ltd. 10,800 61,925
Cognex Corp. (L) 5,213 182,403
Coherent, Inc. (I) 2,981 131,581
Corning, Inc. 205,526 2,669,783
CTS Corp. 4,456 41,797
Daktronics, Inc. 4,458 29,200
DDi Corp. 2,043 26,539

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electronic Equipment, Instruments &    
Components (continued)    
Delta Electronics, Inc. 59,000 $ 164,324
DTS, Inc. (I) 2,209 61,035
E Ink Holdings, Inc. 26,000 27,483
Echelon Corp. (I) 4,485 15,832
Electro Rent Corp. 2,443 33,811
Electro Scientific Industries, Inc. 2,860 31,546
Emagin Corp. (I) 2,520 7,837
Everlight Electronics Company, Ltd. 11,000 19,215
Fabrinet (I) 2,605 30,374
FARO Technologies, Inc. (I) 2,060 95,028
FEI Company (L) 4,853 222,122
FLIR Systems, Inc. 20,802 443,707
Foxconn International Holdings, Ltd. (I) 95,000 39,615
FUJIFILM Holdings Corp. 18,900 352,478
GSI Group, Inc. (I) 3,332 38,685
Hamamatsu Photonics KK 2,700 94,032
Hexagon AB 8,139 145,178
Hirose Electric Company, Ltd. 1,300 118,578
Hitachi High-Technologies Corp. 2,500 55,316
Hitachi, Ltd. 185,000 1,054,782
Hon Hai Precision Industry Company, Ltd. 298,000 869,660
Hoya Corp. 17,700 378,919
Ibiden Company, Ltd. 4,800 84,170
Identive Group, Inc. (I) 5,134 6,520
Ingram Micro, Inc., Class A (I) 24,011 428,116
Insight Enterprises, Inc. (I) 5,483 81,642
InvenSense, Inc. (I) 1,224 12,167
Itron, Inc. (I) 6,371 228,273
Jabil Circuit, Inc. 24,902 476,375
KEMET Corp. (I) 5,514 31,706
Keyence Corp. 1,900 428,138
Kingboard Chemical Holdings, Ltd. 25,500 54,756
Kyocera Corp. 6,200 510,080
Largan Precision Company, Ltd. 3,000 56,618
Lecroy Corp. (I) 2,206 31,303
LG Display Company, Ltd. (I) 5,976 105,276
LG Innotek Company, Ltd. (I) 237 15,893
Littelfuse, Inc. 2,709 155,876
Maxwell Technologies, Inc. (I) 3,553 24,622
Measurement Specialties, Inc. (I) 1,915 62,563
Mercury Computer Systems, Inc. (I) 3,778 44,769
Methode Electronics, Inc. 4,746 35,642
Microvision Inc (I) (L) 1,843 4,884
Molex, Inc. 18,546 427,856
MTS Systems Corp. 1,976 76,392
Multi-Fineline Electronix, Inc. (I) 1,184 29,328
Murata Manufacturing Company, Ltd. 8,300 428,871
Nan Ya Printed Circuit Board Corp. 6,000 9,791
National Instruments Corp. 14,865 387,085
NeoPhotonics Corp. (I) 1,227 5,043
Newport Corp. (I) 4,711 56,014
Nippon Electric Glass Company, Ltd. 16,000 99,440
Omron Corp. 8,200 161,624
OSI Systems, Inc. (I) 2,393 152,721
Park Electrochemical Corp. 1,364 31,999
PC Connection, Inc. 1,317 11,827
Plexus Corp. (I) 4,468 125,104
Power-One, Inc. (I) 8,451 35,072
Pulse Electronics Corp. 5,363 10,511
RadiSys Corp. (I) 2,537 14,816
RealD, Inc. (I) (L) 5,097 61,011
Richardson Electronics, Ltd. 1,952 22,546
Rofin-Sinar Technologies, Inc. (I) 3,571 70,884
Rogers Corp. (I) 2,014 81,184

 

220

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electronic Equipment, Instruments &    
Components (continued)    
Samsung Electro-Mechanics Company, Ltd. 1,549 $ 133,638
Samsung SDI Company, Ltd. 888 114,977
Sanmina-SCI Corp. (I) 10,095 71,775
Scansource, Inc. (I) 3,395 101,748
Shimadzu Corp. 10,000 83,247
SYNNEX Corp. (I) (L) 3,158 105,319
Synnex Technology International Corp. 44,000 98,265
TDK Corp. 5,000 214,895
TE Connectivity, Ltd. 57,555 1,808,378
Tech Data Corp. (I) 6,602 314,321
TPK Holding Company, Ltd. 3,000 44,648
Trimble Navigation, Ltd. (I) 19,901 938,631
Tripod Technology Corp. 14,000 38,985
TTM Technologies, Inc. (I) 6,537 60,402
Unimicron Technology Corp. 42,000 45,340
Universal Display Corp. (I) (L) 4,795 134,979
Viasystems Group, Inc. (I) 421 8,087
Vishay Intertechnology, Inc. (I) 25,149 267,082
Vishay Precision Group, Inc. (I) 1,721 23,939
Wintek Corp. (I) 49,000 29,267
WPG Holdings Company, Ltd. 44,000 52,436
Yaskawa Electric Corp. 9,000 67,335
Yokogawa Electric Corp. 8,700 73,193
Zygo Corp. (I) 2,073 34,370
 
    20,665,786
Internet Software & Services - 1.5%    
Active Network, Inc. (I) 1,655 23,236
Akamai Technologies, Inc. (I) 24,012 704,512
Alibaba.com, Ltd. (I) 52,500 90,739
Ancestry.com, Inc. (I) (L) 3,945 84,975
Angie’s List, Inc. (I) (L) 1,251 15,975
AOL, Inc. (I) 15,162 415,894
Bankrate, Inc. (I) 2,849 49,516
Bazaarvoice, Inc. (I) (L) 717 12,397
Brightcove, Inc. (I) 711 9,015
Carbonite, Inc. (I) (L) 930 7,170
comScore, Inc. (I) (L) 3,978 72,201
Constant Contact, Inc. (I) (L) 3,669 74,297
Cornerstone Ondemand, Inc. (I) 1,432 28,712
CoStar Group, Inc. (I) (L) 3,249 240,069
DealerTrack Holdings, Inc. (I) (L) 5,134 140,158
Demand Media, Inc. (I) (L) 943 8,638
Dena Company, Ltd. 3,900 81,189
Dice Holdings, Inc. (I) 6,041 59,383
Digital River, Inc. (I) 4,655 67,963
EarthLink, Inc. 13,823 111,552
eBay, Inc. (I) 154,679 6,061,870
Envestnet, Inc. (I) 2,441 28,950
Equinix, Inc. (I) 7,464 1,217,453
FriendFinder Networks, Inc. (I) 1,199 1,343
Google, Inc., Class A (I) 34,250 19,894,455
Gree, Inc. (L) 3,800 60,719
InfoSpace, Inc. (I) 4,974 63,468
Internap Network Services Corp. (I) 6,651 47,422
IntraLinks Holdings, Inc. (I) 3,987 15,948
j2 Global, Inc. (L) 5,767 139,504
Keynote Systems, Inc. 1,920 27,744
KIT Digital, Inc. (I) (L) 4,775 15,567
Limelight Networks, Inc. (I) 7,877 21,425
Liquidity Services, Inc. (I) 2,348 150,014
LivePerson, Inc. (I) 6,583 113,623
LogMeIn, Inc. (I) 2,545 81,567
Marchex, Inc., Class B 2,883 10,321

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Internet Software & Services (continued)    
Monster Worldwide, Inc. (I) (L) 19,691 $ 169,343
Move, Inc. (I) 5,020 41,515
NHN Corp. 1,057 217,075
NIC, Inc. 8,115 88,210
Open Text Corp. (I) 1,827 88,356
OpenTable, Inc. (I) (L) 2,929 116,340
Perficient, Inc. (I) 3,098 35,100
Quepasa Corpquepasa Corp. (I) (L) 915 2,681
QuinStreet, Inc. (I) 3,456 28,028
Rackspace Hosting, Inc. (I) 16,677 825,011
RealNetworks, Inc. 2,685 23,762
Responsys, Inc. (I) 1,182 12,139
Saba Software, Inc. (I) 3,768 31,463
SciQuest, Inc. (I) 1,669 26,270
SPS Commerce, Inc. (I) 1,118 30,902
Stamps.com, Inc. (I) 1,523 37,405
Support.com, Inc. (I) 6,246 16,052
TechTarget, Inc. (I) 1,963 10,266
Tencent Holdings, Ltd. 43,000 1,179,342
Travelzoo, Inc. (I) 692 16,137
United Internet AG 3,427 58,543
United Online, Inc. 11,199 44,236
Unwired Planet, Inc. (I) 10,907 25,741
ValueClick, Inc. (I) 22,684 397,877
VeriSign, Inc. (I) 21,542 823,551
Vocus, Inc. (I) 2,210 35,647
Web.com Group, Inc. (I) 3,630 57,790
XO Group, Inc. (I) 3,511 31,002
Yahoo! Japan Corp. 581 168,955
Yahoo!, Inc. (I) 163,917 2,498,095
Zillow, Inc. (I) (L) 505 19,786
Zix Corp. (I) 8,244 20,280
 
    37,425,884
IT Services - 2.9%    
Accenture PLC, Class A 87,405 4,990,826
Acxiom Corp. (I) 22,675 319,037
Alliance Data Systems Corp. (I) (L) 8,005 1,008,630
Amadeus IT Holding SA, A Shares 10,026 184,340
AtoS 1,593 87,368
Automatic Data Processing, Inc. 66,249 3,454,885
Broadridge Financial Solutions, Inc. 19,841 401,383
CACI International, Inc., Class A (I) (L) 3,297 141,112
Cap Gemini SA (L) 4,676 157,709
Cardtronics, Inc. (I) 5,404 151,420
Cass Information Systems, Inc. 614 22,614
CGI Group, Inc. (I) 7,449 172,729
CIBER, Inc. (I) 8,064 28,869
Cielo SA 13,100 353,993
Cognizant Technology    
Solutions Corp., Class A (I) 40,971 2,386,561
Computer Sciences Corp. 20,944 557,948
Computer Task Group, Inc. (I) 2,088 25,411
Computershare, Ltd. 24,300 184,199
Convergys Corp. 31,666 441,741
CoreLogic, Inc. (I) 17,044 289,578
CSG Systems International, Inc. (I) 4,404 72,666
DST Systems, Inc. 5,371 274,458
Dynamics Research Corp. (I) 1,305 8,156
EPAM Systems, Inc. (I) 450 7,875
Euronet Worldwide, Inc. (I) 6,424 115,568
ExlService Holdings, Inc. (I) 2,166 46,937
Fidelity National Information Services, Inc. 31,672 1,038,208
Fiserv, Inc. (I) 18,717 1,262,087
Forrester Research, Inc. 1,880 60,686

 

221

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
IT Services (continued)    
Gartner, Inc. (I) 14,936 $ 607,596
Global Cash Access Holdings, Inc. (I) 8,074 56,922
Global Payments, Inc. 12,535 532,487
Heartland Payment Systems, Inc. 4,829 140,910
Higher One Holdings, Inc. (I) (L) 3,822 48,578
iGate Corp. (I) 3,891 63,773
Indra Sistemas SA 3,178 28,672
Infosys, Ltd., ADR (L) 17,900 753,590
International Business Machines Corp. 156,476 30,184,220
Itochu Techno-Science Corp. 1,200 55,568
Jack Henry & Associates, Inc. 24,698 815,281
Lender Processing Services, Inc. 13,504 311,672
Lionbridge Technologies, Inc. (I) 8,238 24,796
ManTech International Corp., Class A 6,655 145,079
MasterCard, Inc., Class A 14,353 5,834,638
MAXIMUS, Inc. 4,354 198,151
ModusLink Global Solutions, Inc. (I) 5,709 25,633
MoneyGram International, Inc. (I) 1,279 17,816
NCI, Inc. (I) 989 4,223
NeuStar, Inc., Class A (I) 10,782 346,965
Nomura Research Institute, Ltd. 4,200 90,387
NTT Data Corp. 52 148,824
Otsuka Corp. 700 55,442
Paychex, Inc. 43,562 1,305,553
PRGX Global, Inc. (I) 2,632 17,713
Redecard SA 15,000 230,558
SAIC, Inc. 37,325 414,681
Sapient Corp. 13,633 149,963
ServiceSource International, Inc. (I) 1,325 15,900
SK C&C Company, Ltd. 388 30,805
Syntel, Inc. 1,931 107,943
TeleTech Holdings, Inc. (I) 3,214 47,889
Teradata Corp. (I) 22,607 1,502,913
The Hackett Group, Inc. (I) 4,039 20,841
The Western Union Company 83,778 1,373,959
TNS, Inc. (I) 3,207 57,341
Total Systems Services, Inc. 21,682 504,540
Unisys Corp. (I) 5,344 83,954
VeriFone Systems, Inc. (I) 16,950 612,065
Virtusa Corp. (I) 1,959 28,660
Visa, Inc., Class A 67,181 7,739,251
Wipro, Ltd., ADR (L) 38,500 331,100
Wright Express Corp. (I) 11,015 617,501
 
    73,931,347
Office Electronics - 0.2%    
Brother Industries, Ltd. 9,600 104,571
Canon, Inc. 46,400 1,849,243
Konica Minolta Holdings, Inc. 19,500 138,957
Neopost SA 1,039 54,170
Ricoh Company, Ltd. 27,000 195,061
Xerox Corp. 179,871 1,298,669
Zebra Technologies Corp., Class A (I) 8,317 278,370
 
    3,919,041
Semiconductors & Semiconductor Equipment - 2.1%  
Advanced Energy Industries, Inc. (I) 4,995 68,182
Advanced Micro Devices, Inc. (I) 79,238 481,767
Advanced Semiconductor Engineering, Inc. 156,000 147,508
Advantest Corp. 6,100 82,182
Alpha & Omega Semiconductor, Ltd. (I) 1,895 16,998
Altera Corp. 43,537 1,454,571
Amkor Technology, Inc. (I) (L) 11,158 52,777
Amtech Systems, Inc. (I) 1,224 5,532
Anadigics, Inc. (I) 8,467 16,849

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment (continued)  
Analog Devices, Inc. 40,223 $ 1,462,911
Applied Materials, Inc. 174,363 1,801,170
Applied Micro Circuits Corp. (I) 7,908 42,229
ARM Holdings PLC 76,829 600,591
ASM Pacific Technology, Ltd. 8,700 106,820
ASML Holding NV 13,685 629,462
Atmel Corp. (I) (L) 72,137 504,959
ATMI, Inc. (I) 3,951 79,060
Axcelis Technologies, Inc. (I) 13,597 15,093
AXT, Inc. (I) 4,126 15,885
Broadcom Corp., Class A (I) 66,242 2,142,929
Brooks Automation, Inc. 8,209 76,918
Cabot Microelectronics Corp. (L) 2,945 92,296
Cavium, Inc. (I) (L) 6,006 145,405
Ceva, Inc. (I) (L) 2,913 50,628
Cirrus Logic, Inc. (I) (L) 8,218 236,021
Cohu, Inc. 3,123 29,169
Cree, Inc. (I) (L) 18,487 463,469
CSR PLC, ADR 568 7,248
Cymer, Inc. (I) (L) 3,797 205,683
Cypress Semiconductor Corp. (I) 24,771 326,729
Diodes, Inc. (I) 4,387 85,854
DSP Group, Inc. (I) 3,135 19,656
Entegris, Inc. (I) 16,724 128,942
Entropic Communications, Inc. (I) (L) 10,628 42,725
Epistar Corp. (I) 25,000 55,289
Exar Corp. (I) 4,710 36,974
Fairchild Semiconductor International, Inc. (I) 20,149 266,168
First Solar, Inc. (I) (L) 7,942 99,752
FormFactor, Inc. (I) 6,313 37,815
FSI International, Inc. (I) 4,953 17,236
GSI Technology, Inc. (I) 2,721 11,156
GT Advanced Technologies Inc. (I) (L) 14,664 61,589
Hittite Microwave Corp. (I) 3,904 192,389
Hynix Semiconductor, Inc. (I) 13,470 263,124
Infineon Technologies AG 34,393 272,113
Inotera Memories, Inc. (I) 58,000 14,806
Inphi Corp. (I) 2,641 21,947
Integrated Device Technology, Inc. (I) 40,981 224,986
Integrated Silicon Solution, Inc. (I) 3,500 32,760
Intel Corp. 674,704 17,434,351
Intermolecular, Inc. (I) 1,208 7,828
International Rectifier Corp. (I) 11,049 208,163
Intersil Corp., Class A 20,253 213,669
IXYS Corp. (I) 3,062 31,722
Kinsus Interconnect Technology Corp. 9,000 26,056
KLA-Tencor Corp. 22,518 1,032,000
Kopin Corp. (I) 8,667 26,608
Kulicke & Soffa Industries, Inc. (I) 8,928 93,923
Lam Research Corp. (I) (L) 19,178 715,339
Lattice Semiconductor Corp. (I) 14,615 66,791
Linear Technology Corp. 30,926 897,473
LSI Corp. (I) 76,543 509,011
LTX-Credence Corp. (I) 6,276 44,560
Macronix International Company, Ltd. 110,000 31,704
MaxLinear, Inc., Class A (I) 2,138 9,578
MediaTek, Inc. 34,000 300,456
MEMC Electronic Materials, Inc. (I) (L) 36,918 61,653
Micrel, Inc. 6,281 61,491
Microchip Technology, Inc. (L) 25,937 804,566
Micron Technology, Inc. (I) 133,404 779,079
Microsemi Corp. (I) 10,750 189,845
Mindspeed Technologies, Inc. (I) 4,290 13,299
MIPS Technologies, Inc. (I) 6,563 41,938
MKS Instruments, Inc. 6,560 171,544

 

222

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment (continued)  
Monolithic Power Systems, Inc. (I) 3,739 $ 70,256
MoSys, Inc. (I) 4,203 12,651
Motech Industries, Inc. (I) 10,000 15,006
MStar Semiconductor, Inc. 12,000 72,687
Nanometrics, Inc. (I) (L) 2,575 39,990
Novatek Microelectronics Corp., Ltd. 17,000 50,406
Novellus Systems, Inc. (I) 9,539 399,016
NVE Corp. (I) (L) 640 33,274
NVIDIA Corp. (I) 82,468 1,025,077
Omnivision Technologies, Inc. (I) 6,495 105,089
PDF Solutions, Inc. (I) 3,053 27,019
Pericom Semiconductor Corp. (I) 3,381 26,575
Phison Electronics Corp. 4,000 29,454
Photronics, Inc. (I) (L) 7,331 43,986
PLX Technology, Inc. (I) 5,967 37,771
Power Integrations, Inc. (L) 3,596 146,753
Powertech Technology, Inc. 23,000 44,509
Radiant Opto-Electronics Corp. (I) 14,000 62,983
Rambus, Inc. (I) 12,129 58,340
Realtek Semiconductor Corp. 14,000 27,788
RF Micro Devices, Inc. (I) (L) 78,459 295,790
Richtek Technology Corp. 5,000 29,945
Rohm Company, Ltd. 3,900 141,175
Rubicon Technology, Inc. (I) 2,169 19,131
Rudolph Technologies, Inc. (I) 4,071 35,092
Samsung Electronics Company, Ltd. 2,864 2,934,081
Semiconductor    
Manufacturing International Corp. (I) 831,000 27,861
Semtech Corp. (I) 18,537 446,556
Sigma Designs, Inc. (I) 3,985 23,830
Silicon Image, Inc. (I) 9,846 43,519
Silicon Laboratories, Inc. (I) 6,757 233,319
Siliconware Precision Industries Company 96,000 104,427
Sino-American Silicon Products, Inc. 12,000 21,523
Skyworks Solutions, Inc. (I) 30,141 809,587
Spansion, Inc., Class A (I) 6,235 67,338
Standard Microsystems Corp. (I) 2,878 105,450
STMicroelectronics NV 19,830 103,213
STR Holdings, Inc. (I) (L) 3,791 14,482
Sumco Corp. (I) 4,500 37,669
Supertex, Inc. (I) 1,430 26,584
Taiwan Semiconductor    
Manufacturing Company, Ltd. 809,000 2,304,760
Teradyne, Inc. (I) 25,182 363,880
Tessera Technologies, Inc. 6,355 86,364
Texas Instruments, Inc. 154,630 4,403,862
Tokyo Electron, Ltd. 7,000 314,218
Transcend Information, Inc. 6,000 16,989
TriQuint Semiconductor, Inc. (I) 20,308 105,805
Ultra Clean Holdings, Inc. (I) 2,908 17,332
Ultratech, Inc. (I) 3,162 95,872
United Microelectronics Corp. 404,000 177,127
Veeco Instruments, Inc. (I) (L) 5,044 174,926
Volterra Semiconductor Corp. (I) 3,058 84,951
Xilinx, Inc. 35,361 1,130,491
 
    54,144,748
Software - 2.9%    
Accelrys, Inc. (I) 7,025 54,795
ACI Worldwide, Inc. (I) 11,151 425,857
Actuate Corp. (I) 5,006 33,440
Adobe Systems, Inc. (I) 66,686 2,070,600
Advent Software, Inc. (I) 9,247 241,254
American Software, Inc., Class A 3,081 24,525
ANSYS, Inc. (I) 14,842 918,349

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
Aspen Technology, Inc. (I) 10,550 $ 233,155
Autodesk, Inc. (I) 30,507 976,834
AVG Technologies NV (I) 988 13,447
Blackbaud, Inc. 5,571 144,010
BMC Software, Inc. (I) 22,179 938,615
Bottomline Technologies, Inc. (I) 4,496 80,388
BroadSoft, Inc. (I) (L) 2,811 76,768
CA, Inc. 49,189 1,223,330
Cadence Design Systems, Inc. (I) 43,828 447,046
Callidus Software, Inc. (I) 3,852 19,221
Citrix Systems, Inc. (I) 25,061 1,831,458
CommVault Systems, Inc. (I) 5,497 257,644
Compuware Corp. (I) 34,965 314,685
Concur Technologies, Inc. (I) (L) 13,069 808,318
Dassault Systemes SA 1,887 172,242
Deltek, Inc. (I) 2,792 29,288
Digimarc Corp. 859 21,114
Ebix, Inc. (L) 3,605 62,727
Electronic Arts, Inc. (I) 44,753 609,536
Ellie Mae, Inc. (I) 1,113 18,086
EPIQ Systems, Inc. 4,015 44,285
ePlus, Inc. (I) 545 17,129
FactSet Research Systems, Inc. 7,217 760,888
Fair Isaac Corp. 10,226 415,789
FalconStor Software, Inc. (I) 3,993 10,701
Glu Mobile Inc. (I) (L) 5,867 27,106
Guidance Software, Inc. (I) 1,689 13,850
Guidewire Software, Inc. (I) 1,092 28,294
Imperva, Inc. (I) 682 17,534
Informatica Corp. (I) 17,176 711,602
Interactive Intelligence Group (I) 1,789 46,156
Intuit, Inc. 39,826 2,239,416
JDA Software Group, Inc. (I) 5,284 146,261
Jive Software, Inc. (I) (L) 1,917 32,110
Kenexa Corp. (I) 3,295 96,115
Konami Corp. 3,900 81,844
Manhattan Associates, Inc. (I) 2,576 122,360
Mentor Graphics Corp. (I) 26,883 379,050
MICROS Systems, Inc. (I) 12,786 674,589
Microsoft Corp. 1,008,528 29,438,932
MicroStrategy, Inc., Class A (I) 993 121,126
Monotype Imaging Holdings, Inc. (I) 4,507 61,746
Motricity, Inc. (I) (L) 4,444 2,844
NCSoft Corp. 400 81,153
Netscout Systems, Inc. (I) 4,663 93,493
NetSuite, Inc. (I) 3,563 167,176
Nintendo Company, Ltd. 4,000 463,529
Opnet Technologies, Inc. (L) 1,812 45,246
Oracle Corp. 529,419 14,013,721
Oracle Corp. Japan 1,600 58,197
Parametric Technology Corp. (I) 33,812 683,002
Pegasystems, Inc. (L) 2,073 64,242
Progress Software Corp. (I) 7,725 148,475
PROS Holdings, Inc. (I) 2,716 40,821
QLIK Technologies, Inc. (I) 8,768 199,297
Quest Software, Inc. (I) 16,137 403,425
RealPage, Inc. (I) (L) 3,754 67,009
Red Hat, Inc. (I) 26,084 1,340,196
Rosetta Stone, Inc. (I) 1,415 19,527
Rovi Corp. (I) 17,162 419,268
Salesforce.com, Inc. (I) (L) 18,367 2,546,034
SAP AG 29,229 1,677,247
Seachange International, Inc. (I) 3,487 28,210
Smith Micro Software, Inc. (I) 4,440 7,148
SolarWinds, Inc. (I) 7,095 325,377

 

223

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
Solera Holdings, Inc. 11,207 $ 497,591
Sourcefire, Inc. (I) (L) 3,548 195,708
Square Enix Company, Ltd. 2,600 40,997
SRS Labs, Inc. (I) 1,707 15,448
SS&C Technologies Holdings, Inc. (I) 3,145 74,159
Symantec Corp. (I) 98,512 1,461,918
Synchronoss Technologies, Inc. (I) 3,290 58,924
Synopsys, Inc. (I) 23,323 689,195
Take-Two Interactive Software, Inc. (I) 9,134 105,224
Tangoe, Inc. (I) 1,269 24,504
TeleCommunication Systems, Inc. (I) 6,135 9,080
TeleNav, Inc. (I) 2,168 13,030
The Sage Group PLC 75,184 297,266
THQ, Inc. (I) (L) 8,106 5,350
TIBCO Software, Inc. (I) 26,656 713,048
TiVo, Inc. (I) 14,941 127,596
Totvs SA 5,000 90,488
Trend Micro, Inc. 4,300 117,369
Tyler Technologies, Inc. (I) 3,732 139,204
Ultimate Software Group, Inc. (I) 3,227 259,225
VASCO Data Security International, Inc. (I) 3,376 23,598
Verint Systems, Inc. (I) 2,640 75,821
VirnetX Holding Corp. (I) (L) 5,073 169,134
Wave Systems Corp. Class A (I) (L) 10,769 10,769
Websense, Inc. (I) 4,714 87,586
 
    75,730,484
    398,614,754
Materials - 5.0%    
Chemicals - 2.4%    
A. Schulman, Inc. 3,886 83,044
Agrium, Inc. 5,152 403,441
Air Liquide SA 9,891 1,073,253
Air Products & Chemicals, Inc. 28,442 2,248,056
Air Water, Inc. 6,000 69,118
Airgas, Inc. 9,282 805,770
Akzo Nobel NV 7,466 343,227
Albemarle Corp. 14,228 863,640
American Vanguard Corp. 2,826 76,161
Arkema SA (L) 1,744 114,545
Asahi Kasei Corp. 52,000 280,100
Ashland, Inc. 12,527 800,851
Balchem Corp. 3,624 105,241
BASF SE 29,107 2,033,089
Cabot Corp. 10,087 381,289
Calgon Carbon Corp. (I) 7,085 94,726
CF Industries Holdings, Inc. 8,843 1,511,799
Cheil Industries, Inc. 1,227 101,028
Chemtura Corp. (I) 11,988 181,139
China BlueChemical, Ltd., H Shares 78,000 54,381
China Petrochemical Development Corp. 59,000 49,471
Cytec Industries, Inc. 7,329 443,111
Daicel Corp. 12,000 67,984
Denki Kagaku Kogyo Kabushiki Kaisha 20,000 66,727
Dongyue Group 43,000 28,011
E.I. du Pont de Nemours & Company 125,899 6,075,886
Eastman Chemical Company 18,498 861,267
Ecolab, Inc. 39,335 2,486,365
Eternal Chemical Company, Ltd. 23,000 17,073
Ferro Corp. (I) 10,764 47,792
Flotek Industries, Inc. (I) (L) 6,222 66,264
FMC Corp. 18,864 961,498
Formosa Chemicals & Fibre Corp. 93,000 245,977
Formosa Plastics Corp. 131,000 342,570

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Chemicals (continued)    
Futurefuel Corp. 1,238 $ 12,182
Georgia Gulf Corp. 4,222 125,647
Givaudan AG (I) 295 274,507
GSE Holding, Inc. (I) 1,113 12,132
H.B. Fuller Company (L) 6,185 188,024
Hanwha Chemical Corp. 2,194 38,310
Hanwha Corp. 1,180 28,092
Hawkins, Inc. (L) 1,141 37,664
Hitachi Chemical, Ltd. 4,200 66,137
Honam Petrochemical Corp. 373 78,829
Huabao International Holdings, Ltd. 82,000 34,686
Hyosung Corp. 612 27,189
Incitec Pivot, Ltd. 88,402 244,218
Innophos Holdings, Inc. 2,732 137,911
Innospec, Inc. (I) 2,991 79,052
International Flavors & Fragrances, Inc. 10,928 616,121
Intrepid Potash, Inc. (I) 8,421 165,304
Johnson Matthey PLC 12,217 410,921
JSR Corp. 7,300 125,508
K&S AG 5,482 219,100
Kaneka Corp. 12,000 65,883
Kansai Paint Company, Ltd. 9,000 85,943
KMG Chemicals, Inc. 1,012 17,285
Koninklijke DSM NV 4,930 235,543
Koppers Holdings, Inc. 2,574 90,373
Korea Kumho Petrochemical Company, Ltd. 327 32,483
KP Chemical Corp. 1,260 15,446
Kraton Performance Polymers, Inc. (I) 3,972 75,905
Kuraray Company, Ltd. 14,200 180,063
Landec Corp. (I) 3,737 27,317
Lanxess AG 2,663 176,849
LCY Chemical Corp. 14,000 21,933
LG Chem, Ltd. 1,202 295,764
Linde AG 5,452 837,849
LSB Industries, Inc. (I) 2,301 64,014
Minerals Technologies, Inc. 5,134 324,828
Mitsubishi Chemical Holdings Corp. 55,500 243,983
Mitsubishi Gas & Chemicals Company, Inc. 16,000 92,569
Mitsui Chemicals, Inc. 34,000 86,231
Monsanto Company 72,306 5,582,023
Nan Ya Plastics Corp. 154,000 270,134
NewMarket Corp. (L) 2,822 589,262
Nitto Denko Corp. 6,700 270,512
OCI Company, Ltd. 398 68,489
Olin Corp. 22,764 436,386
OM Group, Inc. (I) 3,865 70,382
Omnova Solutions, Inc. (I) 5,716 41,155
Orica, Ltd. 19,848 478,200
PolyOne Corp. 11,673 154,434
Potash Corp. of Saskatchewan, Inc. 27,853 1,103,225
PPG Industries, Inc. 20,529 2,123,520
Praxair, Inc. 40,300 4,281,472
PTT Global Chemical PCL 63,990 109,114
Quaker Chemical Corp. 1,618 67,616
RPM International, Inc. 20,997 553,481
Senomyx, Inc. (I) 5,079 11,834
Sensient Technologies Corp. 14,321 523,003
Shin-Etsu Chemical Company, Ltd. 16,800 859,817
Showa Denko KK 62,000 122,865
Sigma-Aldrich Corp. 16,304 1,131,008
Sika AG 73 131,976
Sinofert Holdings, Ltd. 92,000 15,845
Sinopec Shanghai Petrochemical    
Company, Ltd., H Shares 102,066 29,662
Solvay SA 1,874 197,541

 

224

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Chemicals (continued)    
Spartech Corp. (I) 4,006 $ 15,063
Stepan Company 1,027 92,820
Sumitomo Chemical Company, Ltd. 65,000 203,559
Syngenta AG 3,359 1,082,460
Taiwan Fertilizer Company, Ltd. 24,000 55,755
Taiyo Nippon Sanso Corp. 11,000 66,236
Teijin, Ltd. 38,000 112,400
The Dow Chemical Company 160,084 4,972,209
The Mosaic Company 40,215 1,917,451
The Scotts Miracle-Gro Company, Class A 6,909 298,262
The Sherwin-Williams Company 11,678 1,513,936
Toray Industries, Inc. 60,000 399,580
Tosoh Corp. 21,000 53,035
TPC Group, Inc. (I) 1,666 52,629
Tredegar Industries, Inc. 3,007 40,745
TSRC Corp. 17,000 41,437
Ube Industries, Ltd. 42,000 96,064
Umicore SA 3,643 173,029
Uralkali OSJC, GDR 6,412 221,855
Uralkali, ADR 13,819 481,605
Valspar Corp. 14,931 719,824
Wacker Chemie AG (L) 483 33,019
Yingde Gases Group Company 41,500 38,551
Zep, Inc. 2,852 39,985
Zoltek Companies, Inc. (I) (L) 3,473 29,000
 
    61,249,154
Construction Materials - 0.2%    
Anhui Conch Cement Company, Ltd.,    
H Shares 52,710 161,446
Asia Cement Corp. 62,000 74,012
BBMG Corp., H Shares 47,500 37,637
Boral, Ltd. 40,107 137,756
China National Building Material    
Company, Ltd., H Shares 124,000 149,899
China Resources Cement Holdings, Ltd. 84,000 60,993
China Shanshui Cement Group, Ltd. 73,000 57,726
Cimpor-Cimentos de Portugal SA (I) 6,430 43,937
CRH PLC 22,995 389,448
Eagle Materials, Inc. 5,523 177,288
Headwaters, Inc. (I) 7,598 35,027
HeidelbergCement AG 4,458 193,793
Holcim, Ltd. (I) 8,576 457,685
Imerys SA 969 46,850
Indocement Tunggal Prakarsa Tbk PT 50,500 95,516
James Hardie Industries, Ltd. 23,500 168,383
Lafarge SA 6,234 230,922
Martin Marietta Materials, Inc. 7,299 492,464
Pretoria Portland Cement Company, Ltd. 31,125 102,558
Semen Gresik Persero Tbk PT 72,500 84,327
Siam Cement PCL (Foreign Shares) 10,200 127,096
Taiwan Cement Corp. 109,000 123,171
Texas Industries, Inc. (L) 2,831 90,592
Ultratech Cement, Ltd., GDR (L) 3,420 86,713
United States Lime & Minerals, Inc. (I) 174 7,774
Vulcan Materials Company 17,455 604,816
 
    4,237,829
Containers & Packaging - 0.2%    
AEP Industries, Inc. (I) 613 21,167
Amcor, Ltd. 66,460 483,235
AptarGroup, Inc. 10,581 536,139
Ball Corp. 21,085 842,767
Bemis Company, Inc. 13,922 422,672
Boise, Inc. 10,671 73,630

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Containers & Packaging (continued)    
Graphic Packaging Holding Company (I) 19,820 $ 98,109
Greif, Inc., Class A 4,912 214,851
Myers Industries, Inc. 3,798 63,882
Owens-Illinois, Inc. (I) 22,205 433,886
Packaging Corp. of America 15,438 414,202
Rexam PLC 49,764 309,319
Rock-Tenn Company, Class A 11,293 582,606
Sealed Air Corp. 25,938 405,930
Silgan Holdings, Inc. 7,937 331,767
Sonoco Products Company 16,084 494,905
Toyo Seikan Kaisha, Ltd. 5,800 65,555
 
    5,794,622
Metals & Mining - 2.0%    
A. M. Castle & Company (I) (L) 2,122 23,278
Acerinox SA 4,247 42,388
African Rainbow Minerals, Ltd. 6,121 121,764
Agnico-Eagle Mines, Ltd. 5,547 207,626
Alcoa, Inc. 143,977 1,231,003
Allegheny Technologies, Inc. 14,409 462,817
Alumina, Ltd. 131,248 125,352
Aluminum Corp. of China, Ltd., H Shares (L) 166,780 71,482
AMCOL International Corp. (L) 3,063 86,009
Aneka Tambang Tbk PT 157,500 19,192
Angang Steel Company, Ltd., H Shares (I) 53,012 30,173
Anglo American PLC 75,032 2,298,527
Anglo Platinum, Ltd. (L) 3,807 214,595
AngloGold Ashanti, Ltd. 22,464 811,284
Antofagasta PLC 22,065 343,823
ArcelorMittal 27,618 385,310
Barrick Gold Corp. (L) 32,570 1,279,969
BHP Billiton PLC 119,777 3,140,221
BHP Billiton, Ltd. 174,580 5,372,192
Boliden AB (L) 8,448 108,838
Carpenter Technology Corp. 7,032 316,862
Centerra Gold, Inc. 5,364 56,037
Century Aluminum Company (I) (L) 6,358 45,015
China Molybdenum Company, Ltd.,    
H Shares (I) 51,000 19,331
China Steel Corp. 390,000 365,749
China Zhongwang Holdings, Ltd. (I) 69,200 27,057
Cliffs Natural Resources, Inc. 19,178 916,325
Coeur d’Alene Mines Corp. (I) 11,136 188,198
Commercial Metals Company 18,491 215,975
Companhia Siderurgica Nacional SA 33,200 213,832
Compass Minerals International, Inc. 5,283 375,938
Daido Steel Company, Ltd. 13,000 77,881
Dongkuk Steel Mill Company, Ltd. 1,250 17,290
Eldorado Gold Corp. 21,992 244,013
Eurasian Natural Resources Corp. 13,803 90,565
Feng Hsin Iron & Steel Company, Ltd. 21,000 36,432
First Quantum Minerals, Ltd. 15,361 269,042
Fortescue Metals Group, Ltd. 69,656 312,668
Fosun International, Ltd. 82,500 44,380
Franco-Nevada Corp. 4,317 181,524
Freeport-McMoRan Copper & Gold, Inc. 128,011 4,101,472
Fresnillo PLC 10,190 211,994
General Moly, Inc. (I) (L) 8,459 20,978
Glencore International PLC (L) 78,316 411,492
Globe Specialty Metals, Inc. 7,845 91,943
Gold Fields, Ltd. 42,542 566,725
Gold Resource Corp. (L) 3,561 94,367
Goldcorp, Inc. 26,390 963,260
Golden Minerals Company (I) 3,538 12,312
Golden Star Resources, Ltd. (I) (L) 32,202 34,134

 

225

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Metals & Mining (continued)    
Handy & Harman, Ltd. (I) 929 $ 12,319
Harmony Gold Mining Company, Ltd. 22,746 225,074
Haynes International, Inc. 1,531 78,081
Hecla Mining Company (L) 34,650 147,263
Hitachi Metals, Ltd. 8,000 92,685
Horsehead Holding Corp. (I) 5,460 48,376
Hyundai Hysco Company, Ltd. 950 29,738
Hyundai Steel Company 1,500 107,437
IAMGOLD Corp. 12,195 130,705
Iluka Resources, Ltd. 22,927 297,141
Impala Platinum Holdings, Ltd. 29,420 466,490
Inmet Mining Corp. 1,614 67,820
International Nickel Indonesia Tbk PT 91,500 24,239
Ivanhoe Mines, Ltd. (I) 9,419 88,914
Jaguar Mining, Inc. (I) (L) 10,480 12,576
JFE Holdings, Inc. 19,300 310,635
Jiangxi Copper Company Ltd. 58,925 123,835
Kaiser Aluminum Corp. (L) 2,061 98,907
Kazakhmys PLC 11,631 120,349
Kinross Gold Corp. 36,891 296,100
Kobe Steel, Ltd. 109,000 129,908
Korea Zinc Company, Ltd. 218 65,459
Kumba Iron Ore, Ltd. 4,938 307,191
Kumba Resources, Ltd. 7,237 162,031
Lonmin PLC, ADR (L) 9,228 100,882
Lynas Corp., Ltd. (I) (L) 91,581 92,044
Maruichi Steel Tube, Ltd. 2,600 53,988
Materion Corp. 2,545 56,219
McEwen Mining, Inc. (I) (L) 12,977 30,626
Mechel, ADR (L) 6,398 33,973
Metals USA Holdings Corp. (I) 1,483 21,533
Midway Gold Corp. (I) (L) 11,450 13,626
Minmetals Resources, Ltd. (I) 68,000 29,280
Mitsubishi Materials Corp. 46,000 124,894
Mittal Steel South Africa, Ltd. (I) 11,718 72,555
MMC Norilsk Nickel OJSC, ADR 18,883 279,846
MMC Norilsk Nickel, ADR (London    
Stock Exchange) 25,462 379,718
MMX Mineracao e Metalicos SA (I) 12,000 37,722
New Gold, Inc (I) 13,957 123,375
Newcrest Mining, Ltd. 41,739 1,011,441
Newmont Mining Corp. 66,858 3,153,023
Nippon Steel Corp. 214,000 477,250
Nisshin Steel Company 34,000 41,854
Noranda Aluminum Holding Corp. 2,833 21,786
Northam Platinum, Ltd. 14,790 45,429
Novolipetsk Steel OJSC, ADR 2,850 44,973
Nucor Corp. 42,796 1,530,385
Olympic Steel, Inc. 1,197 19,846
Osisko Mining Corp. (I) 11,436 85,367
OZ Minerals, Ltd. 16,347 138,625
Pan American Silver Corp. 5,042 84,696
Paramount Gold and Silver Corp. (I) (L) 14,740 31,986
POSCO 1,719 524,791
Randgold Resources, Ltd. 5,236 416,402
Reliance Steel & Aluminum Company 12,005 566,756
Revett Minerals, Inc. (I) 3,323 11,099
Rio Tinto PLC 77,846 3,357,030
Rio Tinto, Ltd. 23,629 1,305,806
RTI International Metals, Inc. (I) (L) 3,748 78,671
Salzgitter AG (L) 1,466 62,704
Severstal OAO, GDR 4,900 53,557
Shougang Fushan Resources Group, Ltd. 126,000 41,137
Silver Wheaton Corp. 11,607 298,140
Sims Metal Management, Ltd. 9,658 102,080

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Metals & Mining (continued)    
SSAB AB, Series A 5,632 $ 43,559
Steel Dynamics, Inc. 35,039 369,311
Sterlite Industries India, Ltd., ADR 38,700 258,129
Stillwater Mining Company (I) 14,323 121,602
Sumitomo Metal Industries, Ltd. 143,000 230,129
Sumitomo Metal Mining Company, Ltd. 21,000 235,807
Suncoke Energy, Inc. (I) 8,788 123,384
Teck Resources, Ltd. 18,762 562,033
Thompson Creek Metals Company, Inc. (I) (L) 18,931 64,933
ThyssenKrupp AG 12,694 209,645
Titanium Metals Corp. 11,120 127,658
Tung Ho Steel Enterprise Corp. 35,000 33,347
U.S. Silica Holdings Inc. (I) (L) 1,456 17,720
United States Steel Corp. (L) 19,447 394,774
Universal Stainless & Alloy Products, Inc. (I) 911 36,659
Usinas Siderurgicas de Minas Gerais SA 7,900 35,919
Vale Fertilizantes SA 57,000 1,062,365
Vedanta Resources PLC 6,690 96,697
Vista Gold Corp. (I) (L) 9,277 26,811
Voestalpine AG 3,757 94,360
Worthington Industries, Inc. 15,065 244,806
Xstrata PLC 117,637 1,688,199
Yamana Gold, Inc. 24,416 358,374
Yamato Kogyo Company, Ltd. 2,100 56,639
Zhaojin Mining Industry Company, Ltd.,    
H Shares 39,000 45,912
Zijin Mining Group Company, Ltd., H Shares 261,529 82,001
 
    51,917,795
Paper & Forest Products - 0.2%    
Buckeye Technologies, Inc. 4,964 137,552
Clearwater Paper Corp. (I) 2,884 90,385
Deltic Timber Corp. (L) 1,356 75,407
Domtar Corp. 5,879 465,088
Duratex SA 10,600 50,770
Fibria Celulose SA (I) 10,600 69,481
Holmen AB, Series B 1,571 40,305
International Paper Company 59,029 1,723,647
KapStone Paper and Packaging Corp. (I) 4,887 75,455
Lee & Man Paper Manufacturing, Ltd. 69,000 29,957
Louisiana-Pacific Corp. (I) 38,290 360,692
MeadWestvaco Corp. 23,087 634,893
Neenah Paper, Inc. 1,962 51,130
Nine Dragons Paper Holdings, Ltd. 70,000 44,066
Nippon Paper Group, Inc. 4,000 61,437
OJI Paper Company, Ltd. 35,000 131,822
P.H. Glatfelter Company 5,486 83,113
Sappi, Ltd. (I) 31,934 103,960
Schweitzer-Mauduit International, Inc. 2,013 134,670
Sino-Forest Corp. (I) (L) 6,600 0
Stora Enso OYJ, Series R (L) 17,684 96,745
Svenska Cellulosa AB (B Shares) 18,381 262,522
UPM-Kymmene OYJ 16,285 167,988
Verso Paper Corp. (I) 1,886 2,169
Wausau Paper Corp. 6,265 57,701
 
    4,950,955
 
    128,150,355
Telecommunication Services - 3.3%    
Diversified Telecommunication Services - 2.5%    
8x8, Inc. (I) 7,897 31,904
AboveNet, Inc. (I) 2,890 240,795
Alaska Communications    
Systems Group, Inc. (L) 5,832 11,547
American Tower Corp. 53,172 3,449,799

 

226

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Diversified Telecommunication Services (continued)  
AT&T, Inc. 800,680 $ 27,359,236
Atlantic Tele-Network, Inc. 1,189 39,118
BCE, Inc. (L) 8,414 335,794
Belgacom SA 4,774 125,904
Bell Aliant, Inc. 2,462 62,763
BT Group PLC 442,148 1,406,844
Cbeyond, Inc. (I) 3,648 21,596
CenturyLink, Inc. 83,677 3,281,812
China Communications Services Corp., Ltd.,    
H Shares 104,400 52,111
China Telecom Corp., Ltd., H Shares 592,396 272,837
China Unicom Hong Kong, Ltd. 252,416 343,730
Chunghwa Telecom Company, Ltd. 125,000 376,735
Cincinnati Bell, Inc. (I) (L) 24,763 87,661
Cogent Communications Group, Inc. (I) 5,746 101,934
Consolidated    
Communications Holdings, Inc. (L) 3,374 49,767
Deutsche Telekom AG 89,250 880,729
Elisa OYJ, Class A 4,386 85,997
Fairpoint Communications, Inc. (I) (L) 2,905 15,803
France Telecom SA 58,171 733,534
Frontier Communications Corp. (L) 134,381 502,585
General Communication, Inc., Class A (I) 4,765 30,210
Globalstar, Inc. (I) (L) 13,654 4,951
Hellenic    
Telecommunications Organization SA (I) 9,502 15,389
HickoryTech Corp. 931 8,910
IDT Corp., Class B 1,808 14,970
Iliad SA 604 78,122
inContact, Inc. (I) 4,180 21,861
Inmarsat PLC 25,356 168,248
Iridium Communications, Inc. (I) 5,422 46,033
Koninklijke (Royal) KPN NV (L) 46,929 444,865
KT Corp. 922 21,750
LG Uplus Corp. 6,047 27,797
Lumos Networks Corp. 2,005 20,551
Neutral Tandem, Inc. (I) 3,964 53,791
Nippon Telegraph & Telephone Corp. 17,900 770,394
Oi SA 10,302 48,523
ORBCOMM, Inc. (I) 4,744 15,465
PCCW, Ltd. 179,000 65,546
Portugal Telecom SGPS SA 21,376 81,001
Premiere Global Services, Inc. (I) 6,651 55,602
Rostelecom OJSC 11,240 217,835
Singapore Telecommunications, Ltd. 166,000 396,801
Singapore Telecommunications, Ltd. 175,950 422,758
SureWest Communications 1,815 38,696
Swisscom AG 822 299,460
Tele2 AB, Series B 9,791 145,935
Telecom Italia SpA (BrsaItaliana    
Stock Exchange) 298,110 246,261
Telecom Italia SpA, RSP (L) 192,960 131,100
Telefonica O2 Czech Republic AS 4,840 88,441
Telefonica SA 129,900 1,443,446
Telekom Austria AG (L) 10,822 99,919
Telekomunikasi Indonesia Tbk PT 225,000 186,348
Teliasonera AB 69,406 425,276
Telkom SA, Ltd. (I) 14,199 38,413
Telstra Corp., Ltd. 237,174 819,651
TELUS Corp. 2,032 118,278
TELUS Corp., Non-Voting Shares 4,756 270,114
Towerstream Corp. (I) (L) 5,323 19,322
TW Telecom, Inc. (I) 23,996 556,467
Verizon Communications, Inc. 382,939 15,945,580
Vivendi SA (L) 40,567 655,822

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Diversified Telecommunication Services (continued)  
Vonage Holdings Corp. (I) 17,088 $ 31,271
Windstream Corp. (L) 79,210 741,406
Xl Axiata Tbk PT 78,000 48,954
 
    65,252,068
Wireless Telecommunication Services - 0.8%    
Advanced Info Service PCL 31,609 177,841
Boingo Wireless, Inc. (I) 736 7,051
China Mobile, Ltd. 255,970 2,592,002
Crown Castle International Corp. (I) 33,810 1,846,026
Far EasTone    
Telecommunications Company, Ltd. (I) 53,000 117,855
Globe Telecommunications, Inc. 690 17,892
Indosat Tbk PT 65,000 26,932
KDDI Corp. 119 733,615
Leap Wireless International, Inc. (I) 7,514 43,356
MetroPCS Communications, Inc. (I) 39,653 253,779
Millicom International Cellular SA, ADR 2,457 210,914
Mobile TeleSystems, ADR 25,659 426,966
Mobistar SA 930 27,541
MTN Group, Ltd. 98,862 1,571,239
NTELOS Holdings Corp. 1,917 36,691
NTT DoCoMo, Inc. 623 993,261
Philippine Long Distance Telephone Company 1,100 59,076
Reliance Communication, Ltd., GDR (S) 40,149 46,147
Rogers Communications, Inc., Class B (L) 13,095 447,805
Shenandoah Telecommunications Company 3,115 33,206
Sistema JSFC - Reg S GDR 2,210 38,075
Sistema JSFC, GDR 2,540 43,383
SK Telecom Company, Ltd. 525 53,267
Softbank Corp. 36,300 1,130,338
Sprint Nextel Corp. (I) 404,798 1,040,331
StarHub, Ltd. 28,000 70,309
Taiwan Mobile Company, Ltd. 55,000 173,869
Telephone & Data Systems, Inc. 15,442 306,524
Tim Participacoes SA 37,300 180,318
USA Mobility, Inc. 2,891 35,906
Vodacom Group, Ltd. 21,632 259,597
Vodafone Group PLC 2,857,827 7,655,102
 
    20,656,214
 
    85,908,282
Utilities - 3.6%    
Electric Utilities - 1.9%    
Acciona SA (L) 796 41,844
ALLETE, Inc. 4,221 164,830
American Electric Power Company, Inc. 65,285 2,514,125
Centrais Eletricas Brasileiras SA 11,400 75,007
Central Vermont Public Service Corp. (L) 1,788 62,777
Cheung Kong Infrastructure Holdings, Ltd. 21,000 115,865
Chubu Electric Power Company, Inc. 27,800 424,133
Chugoku Electric Power Company, Inc. 12,200 192,031
Cleco Corp. 17,322 707,430
CLP Holdings, Ltd. 84,000 685,159
CPFL Energia SA 8,600 105,237
Duke Energy Corp. 180,400 3,965,192
E.ON AG 56,961 1,043,199
EDF SA (L) 7,454 143,586
Edison International 44,000 1,978,240
EDP - Energias de Portugal SA 61,204 127,559
EDP - Energias do Brasil SA 10,800 69,078
El Paso Electric Company 5,285 162,197
Enel SpA 208,819 596,180
Entergy Corp. 23,853 1,539,234
Exelon Corp. 114,941 4,250,518

 

227

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electric Utilities (continued)    
Federal Grid Company Unified Energy System    
JSC, GDR (I) (S) 22,040 $ 55,100
Federal Hydrogenerating Company JSC, ADR 70,709 166,810
FirstEnergy Corp. 56,479 2,642,652
Fortis, Inc. 6,152 195,963
Fortum OYJ 13,892 252,970
Great Plains Energy, Inc. 21,781 433,878
Hawaiian Electric Industries, Inc. 15,381 424,669
Hokkaido Electric Power Company, Inc. 7,600 95,198
Hokuriku Electric Power Company 7,000 108,516
Iberdrola SA 120,384 460,075
IDACORP, Inc. 14,185 557,329
Kansai Electric Power Company, Ltd. 30,800 444,731
Korea Electric Power Corp. (I) 6,663 126,717
Kyushu Electric Power Company, Inc. 16,600 201,508
Light SA 3,200 37,603
Manila Electric Company 9,142 47,176
MGE Energy, Inc. 2,999 135,345
NextEra Energy, Inc. 56,209 3,672,696
Northeast Utilities 34,673 1,248,575
NV Energy, Inc. 37,753 653,127
OGE Energy Corp. 15,689 835,282
Otter Tail Corp. 4,538 95,888
Pepco Holdings, Inc. 30,740 585,904
Pinnacle West Capital Corp. 14,756 728,651
PNM Resources, Inc. 22,629 422,031
Portland General Electric Company 9,343 234,976
Power Assets Holdings, Ltd. 60,500 421,824
PPL Corp. 78,225 2,141,018
Progress Energy, Inc. 39,869 2,185,619
Red Electrica De Espana 3,464 128,267
Reliance Infrastructure, Ltd., GDR (S) 2,106 50,504
Scottish & Southern Energy PLC 53,521 1,091,764
Shikoku Electric Power Company, Inc. 7,500 175,716
Southern Company 117,031 5,372,893
SP Ausnet 79,007 77,692
Terna Rete Elettrica Nazionale SpA 39,529 132,246
The Empire District Electric Company 5,321 106,686
The Tokyo Electric Power Company, Inc. (I) 59,100 118,861
Tohoku Electric Power Company, Inc. 18,500 169,489
UIL Holdings Corp. (L) 6,283 212,428
Unitil Corp. 1,617 43,028
UNS Energy Corp. 4,559 170,917
Verbund AG, Class A 2,158 50,147
Westar Energy, Inc. 20,162 577,036
Xcel Energy, Inc. 65,745 1,842,175
 
    48,895,101
Gas Utilities - 0.3%    
AGL Resources, Inc. 15,814 592,709
APA Group, Ltd. (L) 30,056 146,655
Atmos Energy Corp. 14,432 478,276
Chesapeake Utilities Corp. 1,343 56,755
China Gas Holdings, Ltd. 134,000 65,622
China Resources Gas Group, Ltd. 32,000 60,966
Enagas SA 5,769 90,386
ENN Energy Holdings, Ltd. 32,000 122,681
GAIL India, Ltd., GDR 8,204 289,154
Gas Natural SDG SA 10,957 119,404
Hong Kong & China Gas Company, Ltd. 207,182 487,711
Korea Gas Corp. 640 22,400
National Fuel Gas Company 13,289 574,483
New Jersey Resources Corp. 5,199 218,254
Northwest Natural Gas Company 3,406 157,868
ONEOK, Inc. 14,032 1,164,516

 

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Gas Utilities (continued)    
Osaka Gas Company, Ltd. 77,000 $ 301,125
Perusahaan Gas Negara Tbk PT 216,500 85,186
Piedmont Natural Gas Company, Inc. 8,995 272,728
Questar Corp. 28,464 571,272
Snam SpA 52,231 211,013
South Jersey Industries, Inc. 3,782 183,087
Southwest Gas Corp. 5,761 241,847
The Laclede Group, Inc. 2,906 110,748
Toho Gas Company, Ltd. 17,000 96,163
Tokyo Gas Company, Ltd. 101,000 478,457
UGI Corp. 17,937 514,433
WGL Holdings, Inc. 14,642 570,306
 
    8,284,205
Independent Power Producers & Energy Traders - 0.1%  
Aboitiz Power Corp. 75,100 60,911
Atlantic Power Corp. (L) 14,036 187,240
Beijing Datang Power Generation    
Company, Ltd., H Shares 137,136 47,583
China Longyuan Power Group Corp., H Shares 89,000 54,120
China Resource Power Holdings, Ltd. 72,532 131,804
Dynegy, Inc. (I) (L) 12,010 5,765
EDP Renovaveis SA (I) 7,199 25,254
Electric Power Development Company, Ltd. 4,900 126,603
Enel Green Power SpA 56,485 75,163
Energy Development Corp. (I) 166,001 22,888
GCL-Poly Energy Holdings, Ltd. (L) 297,000 71,325
Genie Energy, Ltd. 1,933 12,932
Glow Energy PCL 32,900 68,251
Huaneng Power International, Inc., H Shares 144,564 90,226
International Power PLC 87,012 555,224
NRG Energy, Inc. (I) (L) 30,748 471,059
Ormat Technologies, Inc. (L) 2,226 45,210
The AES Corp. (I) 86,884 1,050,428
Tractebel Energia SA 5,800 96,195
TransAlta Corp. (L) 6,991 114,052
 
    3,312,233
Multi-Utilities - 1.2%    
A2A SpA (L) 35,571 22,145
AGL Energy, Ltd. 25,189 372,567
Alliant Energy Corp. 17,760 775,934
Ameren Corp. 32,768 1,058,734
Avista Corp. 7,210 183,206
Black Hills Corp. (L) 12,511 402,604
Canadian Utilities, Ltd. 2,866 185,942
CenterPoint Energy, Inc. 57,543 1,164,095
Centrica PLC 293,965 1,408,629
CH Energy Group, Inc. 1,977 129,751
CMS Energy Corp. 34,747 809,605
Consolidated Edison, Inc. 39,553 2,387,419
Dominion Resources, Inc. 76,995 4,008,360
DTE Energy Company 22,878 1,300,157
GDF Suez 39,051 776,019
Integrys Energy Group, Inc. (L) 10,572 571,945
MDU Resources Group, Inc. 30,205 678,706
National Grid PLC (L) 202,811 2,032,659
NiSource, Inc. 38,110 956,180
NorthWestern Corp. 4,574 162,423
PG&E Corp. 55,655 2,432,124
Public Service Enterprise Group, Inc. 68,343 2,131,618
RWE AG 15,571 569,872
SCANA Corp. (L) 15,661 735,284
Sempra Energy 32,493 2,112,370
Suez Environnement Company (L) 8,815 96,276

 

228

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Multi-Utilities (continued)    
TECO Energy, Inc. 29,147 $ 507,158
United Utilities Group PLC 39,170 398,469
Vectren Corp. 13,107 384,297
Veolia Environnement SA 11,367 129,920
Wisconsin Energy Corp. 31,125 1,177,770
 
    30,062,238
Water Utilities - 0.1%    
American States Water Company (L) 2,405 88,480
Aqua America, Inc. 22,216 513,190
Cadiz, Inc. (I) (L) 1,700 12,852
California Water Service Group 5,354 93,213
Cia de Saneamento Basico do Estado de    
Sao Paulo 5,100 179,563
Connecticut Water Service, Inc. (L) 1,266 35,182
Consolidated Water Company, Ltd. 2,126 16,328
Guangdong Investment, Ltd. 108,780 71,391
Middlesex Water Company 1,080 19,678
Severn Trent PLC 13,627 362,938
SJW Corp. 943 21,802
York Water Company 2,189 37,257
 
    1,451,874
    92,005,651
TOTAL COMMON STOCKS (Cost $2,555,534,803) $ 2,417,841,391
 
PREFERRED SECURITIES - 0.4%    
Consumer Discretionary - 0.1%    
Bayerische Motoren Werke (BMW) AG (L) 1,664 85,371
Hyundai Motor Company, Ltd. 573 34,274
Hyundai Motor Company, Ltd. -2nd Preferred 965 62,143
Lojas Americanas SA 18,100 109,039
Porsche Automobil Holding SE (L) 4,824 247,522
ProSiebenSat.1 Media AG 2,482 52,050
Volkswagen AG 4,591 734,441
 
    1,324,840
Consumer Staples - 0.0%    
Cia Brasileira de Distribuicao Grupo Pao    
de Acucar 4,700 178,040
Henkel AG & Company KGaA 5,753 375,110
 
    553,150
Energy - 0.1%    
Petroleo Brasileiro SA 186,800 1,771,814
Financials - 0.1%    
Banco Bradesco SA 84,400 1,238,684
Banco do Estado do Rio Grande do Sul SA 7,800 61,879
Investimentos Itau SA 113,300 494,917
Itau Unibanco Holding SA 100,700 1,462,930
 
    3,258,410
Industrials - 0.0%    
Gol Linhas Aereas Inteligentes SA (I) 4,500 17,939
Rolls-Royce Holdings PLC - C Shares 4,399,848 6,781
TAM SA (I) 3,400 73,501
 
    98,221
Information Technology - 0.0%    
Samsung Electronics Company, Ltd. 533 320,594
Materials - 0.1%    
Bradespar SA 10,500 164,306
Braskem SA, A Shares 7,000 39,046
Gerdau SA 38,800 305,113
Klabin SA 19,900 83,868
LG Chem, Ltd. 194 15,002

 

Strategic Equity Allocation Fund (continued)
Shares or   
Principal   
Amount  Value
 
PREFERRED SECURITIES (continued)    
Materials (continued)    
Metalurgica Gerdau SA 12,800 $ 126,613
Suzano Papel e Celulose SA 7,200 17,921
Usinas Siderurgicas de Minas Gerais SA 20,700 87,240
Vale SA 89,800 1,634,954
 
    2,474,063
Telecommunication Services - 0.0%    
OI SA 37,101 147,163
Telefonica Brasil SA 13,100 311,773
 
    458,936
Utilities - 0.0%    
AES Tiete SA 4,500 60,689
Centrais Eletricas Brasileiras SA 10,400 96,428
Cia Paranaense de Energia 4,600 93,558
Companhia de Transmissao de Energia    
Eletrica Paulista 1,400 41,371
Companhia Energetica de Minas Gerais 21,300 371,537
Companhia Energetica de Sao Paulo 7,100 122,473
Eletropaulo Metropolitana Eletricidade de    
Sao Paulo SA 4,300 51,169
RWE AG 1,127 37,587
 
    874,812
TOTAL PREFERRED SECURITIES (Cost $11,948,019) $ 11,134,840
 
INVESTMENT COMPANIES - 0.3%    
Financials - 0.3%    
iShares MSCI Indonesia Investable Market    
Index Fund (L) 50,345 1,350,756
iShares MSCI Malaysia Index Fund (L) 362,150 5,026,642
iShares MSCI Philippines Investable Market    
Index Fund (L) 7,740 217,804
iShares MSCI Thailand Index Fund (L) 3,660 242,841
 
    6,838,043
TOTAL INVESTMENT COMPANIES (Cost $7,254,867) $ 6,838,043
 
ESCROW SHARES - 0.0%    
Health Care - 0.0%    
Indevus Pharmaceuticals, Inc. (I) 156 0
TOTAL ESCROW SHARES (Cost $0) $ 0
 
RIGHTS - 0.0%    
Consumer Discretionary - 0.0%    
Fiat Spa (Expiration Date: 06/20/2012; Strike    
Price: )    
Zero Coupon (I) 24,491 0
Zero Coupon (I) 24,491 0
 
    0
Financials - 0.0%    
Ayala Land, Inc. (Expiration Date: 06/22/2012;    
Strike Price: PHP 0.1) (I) 118,600 0
CaixaBank (Expiration Date:    
06/15/2012 ) (I) (L) (N) 22,632 1,483
CETIP SA - Mercados Organizados    
(Expiration Date: 06/18/2012, Strike Price:    
BRL 26.71) (I) $ 6
 
    1,489
Industrials - 0.0%    
Fiat Industrial Spa (Expiration Date:    
06/20/2012; Strike Price: EUR 5.94) (I) 24,392 0

 

229

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Strategic Equity Allocation Fund (continued)
  Shares or   
  Principal   
   Amount Value
 
RIGHTS (continued)      
Industrials (continued)      
Fiat Industrial Spa (Expiration Date:      
06/20/2012; Strike Price: EUR 5.98) (I) 24,392 $ 1
      1
Telecommunication Services - 0.0%      
Telefonica SA (Strike Price: EUR 0.235      
Expiration Date: 06/12/2012) (I) (L) 46,180 13,419
Utilities - 0.0%      
AGL Energy, Ltd. (Expiration Date:      
06/19/2012; Strike Price: AUD 11.6) (I) 4,198 14,354
Gas Natural SDG SA (Expiration      
Date: 6/28/2012) (I) (N) 10,957 6,314
SP AusNet (Expiration Date: 06/12/2012;      
Strike Price: AUD 1.00) (I) 11,851 115
 
      20,783
TOTAL RIGHTS (Cost $24,516)   $ 35,692
 
WARRANTS - 0.0%      
Energy - 0.0%      
Kinder Morgan, Inc. (Expiration Date:      
05/25/2017; Strike Price: $40.00 ) (I) 66,799 152,303
Magnum Hunter Resources (Expiration Date:      
10/14/2013; Strike Price: $10.50) (I) (L)   854 56
 
      152,359
Materials - 0.0%      
Kinross Gold Corp. (Expiration Date:      
09/17/2014, Strike Price: $21.30) (I)   638 297
TOTAL WARRANTS (Cost $131,936)   $ 152,656
 
SECURITIES LENDING COLLATERAL - 3.0%      
John Hancock Collateral      
Investment Trust, 0.3309% (W) (Y) 7,758,518 77,641,042
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $77,646,268)   $ 77,641,042
 
SHORT-TERM INVESTMENTS - 4.2%      
Repurchase Agreement - 4.2%      
Repurchase Agreement with State Street Corp.      
dated 05/31/2012 at 0.010% to be      
repurchased at $108,347,030 on 06/01/2012,      
collateralized by $80,815,000 U.S. Treasury      
Notes, 4.500% due 05/15/2038 (valued at      
$110,533,419, including interest) $  108,347,000 $ 108,347,000
TOTAL SHORT-TERM INVESTMENTS (Cost $108,347,000) $ 108,347,000
Total Investments (Strategic Equity Allocation Fund)    
(Cost $2,760,887,409) - 101.8%   $ 2,621,990,664
Other assets and liabilities, net - (1.8%)     (47,194,542)
TOTAL NET ASSETS - 100.0%   $ 2,574,796,122
 
 
 
 
Total Return Fund      
  Shares or   
  Principal   
   Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 97.6%      
U.S. Government - 37.4%      
Treasury Inflation Protected Securities      
0.125%, 04/15/2016 to 01/15/2022 4,684,153 $ 4,975,333

 

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government (continued)      
Treasury Inflation Protected      
Securities (continued)      
0.625%, 07/15/2021 $ 1,526,310 $ 1,713,880
1.125%, 01/15/2021   3,669,330 4,263,303
1.250%, 07/15/2020   3,996,042 4,690,043
1.750%, 01/15/2028   11,275,410 14,339,153
2.000%, 01/15/2026   11,554,800 14,958,047
2.375%, 01/15/2025 to 01/15/2027   7,643,632 10,258,185
2.500%, 01/15/2029   12,390,772 17,461,311
3.625%, 04/15/2028   1,134,344 1,776,401
3.875%, 04/15/2029 (F)   2,929,605 4,800,662
U.S. Treasury Bonds 3.000%, 05/15/2042   2,700,000 2,894,063
U.S. Treasury Notes      
0.010%, 10/25/2012 (D)   282,000 281,836
0.102%, 11/15/2012 (D)   30,000 29,980
0.172%, 05/30/2013   290,000 289,497
0.375%, 03/15/2015   6,100,000 6,105,240
0.625%, 05/31/2017   115,500,000 115,283,438
0.875%, 01/31/2017 to 02/28/2017   111,500,000 112,824,063
0.875%, 04/30/2017 (D)   84,900,000 85,835,258
1.000%, 03/31/2017   176,000,000 179,025,088
1.125%, 05/31/2019   69,800,000 70,290,781
1.250%, 04/30/2019   18,900,000 19,214,515
1.375%, 11/30/2018 (D)   83,100,000 85,476,161
1.375%, 02/28/2019   1,700,000 1,746,220
1.500%, 08/31/2018 (D)(F)   147,600,000 153,042,750
2.125%, 08/15/2021   6,400,000 6,769,997
2.625%, 08/15/2020   5,000,000 5,538,670
2.750%, 02/15/2019   700,000 782,907
3.125%, 05/15/2019   600,000 686,906
3.375%, 11/15/2019   7,600,000 8,856,371
3.625%, 08/15/2019   1,000,000 1,181,719
 
      935,391,778
U.S. Government Agency - 60.2%      
Federal Home Loan Mortgage Corp.      
1.000%, 03/08/2017 to 06/29/2017   37,500,000 37,540,395
1.750%, 05/30/2019   9,800,000 10,048,205
2.000%, 08/25/2016   700,000 734,399
2.375%, 01/13/2022   2,100,000 2,162,983
3.750%, 03/27/2019   1,000,000 1,153,831
4.000%, TBA   39,000,000 41,401,168
4.500%, TBA   1,000,000 1,068,105
4.500%, 11/01/2039 to 03/01/2041   21,037,610 22,447,881
4.738%, 11/01/2035 (P)   288,916 310,235
5.000%, 02/16/2017   1,600,000 1,904,050
5.500%, 07/18/2016 to 01/01/2040   8,887,804 9,994,163
6.000%, to 05/01/2040   70,441,079 77,475,580
Federal National Mortgage Association      
0.375%, 03/16/2015   1,100,000 1,095,695
0.500%, 05/27/2015 to 07/02/2015   49,900,000 49,801,928
1.250%, 01/30/2017   40,600,000 41,259,344
1.375%, 11/15/2016   5,000,000 5,104,420
1.625%, 10/26/2015   19,800,000 20,449,499
2.053%, 11/01/2035 (P)   191,694 195,646
2.194%, 11/01/2034 (P)   253,170 266,130
2.300%, 03/01/2035 (P)   118,563 124,761
2.375%, 07/28/2015   5,500,000 5,805,932
2.500%, TBA   3,000,000 3,088,019
2.504%, 01/01/2035 (P)   178,904 190,530
2.534%, 07/01/2034 (P)   176,487 189,000
2.565%, 05/01/2035 (P)   425,258 450,110
2.599%, 06/01/2035 (P)   644,181 688,306
3.000%, TBA   60,000,000 62,831,586

 

230

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal National Mortgage      
Association (continued)      
3.330%, 11/01/2021 $ 99,177 $ 107,311
3.500%, TBA   181,000,000 189,872,434
3.500%, 03/01/2020 to 02/01/2041   19,676,784 20,766,147
4.000%, TBA   150,500,000 159,992,040
4.000%, 09/01/2013 to 06/13/2042   48,264,446 51,335,030
4.000%, 09/01/2040   806,176 858,456
4.375%, 10/15/2015 $ 5,500,000 6,185,757
4.500%, TBA   352,500,000 378,179,602
4.500%, 01/01/2018 to 07/01/2041   81,932,384 87,923,800
4.816%, 09/01/2035 (P)   246,630 261,159
5.000%, TBA   13,000,000 14,070,469
5.000%, 02/13/2017 to 04/01/2037   7,947,354 9,068,501
5.375%, 07/15/2016 to 06/12/2017   6,700,000 8,076,747
5.500%, TBA   114,000,000 124,294,451
5.500%, 06/01/2018 to 04/01/2040   23,264,223 25,413,051
6.000%, 10/01/2026 to 06/01/2040   26,353,675 29,100,835
Government National Mortgage      
Association      
3.500%, 11/15/2040 to 01/20/2041   1,850,392 1,979,895
 
      1,505,267,586
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $2,410,304,588)   $ 2,440,659,364
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 5.8%      
Brazil - 0.3%      
Federative Republic of Brazil      
10.250%, 01/10/2028 BRL 6,400,000 3,863,450
12.500%, 01/05/2022   3,600,000 2,400,773
 
      6,264,223
Canada - 2.5%      
Canada Housing Trust      
2.650%, 03/15/2022 (S) CAD 1,400,000 1,398,292
3.350%, 12/15/2020 (S)   4,500,000 4,761,020
3.750%, 03/15/2020 (S)   1,600,000 1,736,508
3.800%, 06/15/2021 (S)   2,800,000 3,066,106
Province of British Columbia      
3.250%, 12/18/2021   300,000 307,006
4.300%, 06/18/2042   400,000 463,301
Province of Ontario      
1.600%, 09/21/2016 $ 1,100,000 1,120,166
3.000%, 07/16/2018   1,100,000 1,188,789
3.150%, 06/02/2022 CAD 6,400,000 6,377,011
4.000%, 06/02/2021   7,300,000 7,807,470
4.200%, 03/08/2018 to 06/02/2020   2,000,000 2,165,778
4.300%, 03/08/2017   2,400,000 2,579,201
4.400%, 06/02/2019   2,700,000 2,953,936
4.400%, 04/14/2020 $ 200,000 232,985
4.600%, 06/02/2039 CAD 1,100,000 1,287,687
4.700%, 06/02/2037   11,100,000 13,043,803
5.500%, 06/02/2018   700,000 802,176
Province of Quebec      
2.750%, 08/25/2021 $ 1,400,000 1,462,735
3.500%, 07/29/2020   700,000 782,918
3.500%, 12/01/2022 CAD 3,300,000 3,351,600
4.250%, 12/01/2021   2,900,000 3,136,919
4.500%, 12/01/2016 to 12/01/2020   2,800,000 3,061,184
 
      63,086,591

 

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
France - 0.3%      
Societe Financement de      
l’Economie Francaise      
0.667%, 07/16/2012 (P)(S) $ 2,000,000 $ 2,000,540
3.375%, 05/05/2014 (S)   5,100,000 5,297,523
 
      7,298,063
Italy - 0.1%      
Republic of Italy      
2.100%, 09/15/2021 EUR 1,806,182 1,754,337
Mexico - 2.1%      
Government of Mexico      
6.000%, 06/18/2015 MXN 163,900,000 11,796,729
6.500%, 06/10/2021   30,000,000 2,160,998
8.000%, 06/11/2020   44,900,000 3,569,153
10.000%, 12/05/2024   269,800,000 24,816,065
Mexico Cetes      
10.000%, 07/05/2012   1,635,000,000 11,346,172
 
      53,689,117
Russia - 0.4%      
Government of Russia      
7.500%, 03/31/2030 $ 8,291,500 9,752,877
South Korea - 0.1%      
Export-Import Bank of Korea      
4.000%, 01/29/2021   600,000 610,082
5.125%, 06/29/2020   1,100,000 1,210,849
Korea Housing Finance Corp.      
4.125%, 12/15/2015 (S)   700,000 734,165
 
      2,555,096
Turkey - 0.0%      
Export Credit Bank of Turkey      
5.875%, 04/24/2019 (S)   1,000,000 995,500
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $149,562,861)   $ 145,395,804
 
CORPORATE BONDS - 23.2%      
Consumer Discretionary - 0.8%      
Banque PSA Finance SA      
2.368%, 04/04/2014 (P)(S)   3,500,000 3,399,311
Daimler Finance North America LLC      
1.674%, 09/13/2013 (P)(S)   1,700,000 1,711,094
Ford Motor Credit Company LLC      
5.875%, 08/02/2021   1,600,000 1,818,802
7.000%, 04/15/2015   5,200,000 5,837,000
7.500%, 08/01/2012   3,400,000 3,428,370
8.000%, 06/01/2014 to 12/15/2016   1,100,000 1,320,194
8.700%, 10/01/2014   1,000,000 1,142,598
 
      18,657,369
Consumer Staples - 0.3%      
CVS Pass      
Through Trust 6.943%, 01/10/2030   270,815 323,464
Kraft Foods, Inc.      
2.625%, 05/08/2013   3,000,000 3,046,269
6.125%, 02/01/2018   2,500,000 2,980,615
 
      6,350,348
Energy - 1.4%      
AK Transneft OJSC      
8.700%, 08/07/2018 (S)   1,000,000 1,220,000
Cameron International Corp.      
1.397%, 06/02/2014 (P)   2,400,000 2,397,178

 

231

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Energy (continued)      
Gazprom OAO      
5.092%, 11/29/2015 (S) $ 400,000 $ 415,520
6.212%, 11/22/2016 (S)   500,000 539,410
7.201%, 02/01/2020   116,357 126,829
9.625%, 03/01/2013   300,000 314,913
10.500%, 03/08/2014   1,000,000 1,122,500
Indian Oil Corp. Ltd. 4.750%, 01/22/2015   4,600,000 4,711,601
Novatek Finance, Ltd.      
5.326%, 02/03/2016 (S)   700,000 716,828
Petrobras International Finance Company      
3.875%, 01/27/2016   5,900,000 6,105,285
Petroleos Mexicanos      
6.500%, 06/02/2041   8,600,000 9,653,500
8.000%, 05/03/2019   6,500,000 8,092,500
 
      35,416,064
Financials - 16.6%      
Allstate Life Global Funding Trusts      
5.375%, 04/30/2013   2,500,000 2,607,755
Ally Financial, Inc.      
3.667%, 02/11/2014 (P)   1,000,000 982,560
5.500%, 02/15/2017   5,500,000 5,506,754
6.750%, 12/01/2014   400,000 416,000
6.875%, 08/28/2012   5,810,000 5,860,838
7.500%, 09/15/2020   1,500,000 1,646,250
8.300%, 02/12/2015   6,500,000 6,955,000
American Express Bank FSB      
5.500%, 04/16/2013   3,500,000 3,636,196
American Express Company      
7.000%, 03/19/2018   2,200,000 2,708,757
American Express Credit Corp.      
5.375%, 10/01/2014 GBP 8,100,000 13,272,892
5.875%, 05/02/2013 $ 2,300,000 2,401,343
American International Group, Inc.      
5.850%, 01/16/2018   5,400,000 5,922,639
6.250%, 03/15/2037   1,100,000 962,500
ANZ National International, Ltd.      
6.200%, 07/19/2013 (S)   3,100,000 3,237,634
Australia & New Zealand Banking      
Group, Ltd. 2.125%, 01/10/2014 (S)   3,000,000 3,040,392
Banco Nacional de Desenvolvimento      
Economico e Social      
4.125%, 09/15/2017 (S) EUR 600,000 771,205
Banco Santander Brasil SA      
4.250%, 01/14/2016 (S) $ 2,500,000 2,431,250
4.500%, 04/06/2015 (S)   400,000 393,200
Bank of America Corp.      
0.797%, 08/15/2016 (P)   1,100,000 950,172
5.650%, 05/01/2018   6,200,000 6,460,797
6.500%, 08/01/2016   7,900,000 8,556,893
Bank of China Hong Kong, Ltd.      
5.550%, 02/11/2020 (S)   700,000 753,134
Bank of Montreal      
1.950%, 01/30/2017 (S)   400,000 412,462
2.850%, 06/09/2015 (S)   1,400,000 1,481,455
Bank of Nova Scotia      
1.650%, 10/29/2015 (S)   1,400,000 1,431,854
1.950%, 01/30/2017 (S)   1,100,000 1,134,268
Barclays Bank PLC      
2.375%, 01/13/2014   900,000 900,475
5.450%, 09/12/2012   23,000,000 23,284,947
6.050%, 12/04/2017 (S)   2,900,000 2,910,460
BBVA Bancomer SA      
4.500%, 03/10/2016 (S)   900,000 886,500
6.500%, 03/10/2021 (S)   1,900,000 1,866,750

 

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
BNP Paribas SA 1.369%, 01/10/2014 (P) $ 6,100,000 $ 5,930,505
BNP Paribas SA (5.186% to 06/29/2015,      
then 3 month LIBOR + 1.680%)      
, 06/29/2015 (Q)(S)   7,600,000 5,852,000
BPCE SA 2.375%, 10/04/2013 (S)   600,000 588,177
CIT Group, Inc. 5.250%, 04/01/2014 (S)   600,000 610,500
Citigroup, Inc.      
1.317%, 02/15/2013 (P)   2,100,000 2,097,335
2.467%, 08/13/2013 (P)   400,000 402,753
5.300%, 10/17/2012   800,000 811,943
5.500%, 08/27/2012 to 10/15/2014   20,800,000 21,620,744
5.625%, 08/27/2012   1,700,000 1,715,688
5.850%, 07/02/2013   600,000 622,438
6.125%, 08/25/2036   3,500,000 3,463,877
8.500%, 05/22/2019   2,200,000 2,695,964
Citigroup, Inc. (4.750% to 02/10/2014,      
then 3 month EURIBOR + 1.400%)      
4.750%, 02/10/2019 EUR 1,500,000 1,530,223
Countrywide Financial Corp.      
5.800%, 06/07/2012 $ 3,300,000 3,301,023
Credit Suisse New York      
2.200%, 01/14/2014   1,300,000 1,311,788
Dexia Credit Local      
0.946%, 04/29/2014 (P)(S)   7,100,000 6,655,022
DNB Bank ASA 3.200%, 04/03/2017 (S)   2,100,000 2,122,130
General Electric Capital Corp. (5.500% to      
09/15/2017, then 3 month      
EURIBOR + 2.000%) , 09/15/2067 (S) EUR 9,900,000 10,468,329
General Electric Capital Corp. (6.375% to      
11/15/2017, then 3 month      
LIBOR + 2.289%) , 11/15/2067 $ 4,100,000 4,217,875
HSBC Bank PLC 2.000%, 01/19/2014 (S)   1,400,000 1,409,909
HSBC Holdings PLC 6.500%, 09/15/2037   1,200,000 1,345,507
ICICI Bank, Ltd. 4.750%, 11/25/2016 (S)   10,400,000 10,149,693
International Lease Finance Corp.      
5.750%, 05/15/2016   600,000 600,628
6.500%, 09/01/2014 (S)   3,000,000 3,142,500
6.750%, 09/01/2016 (S)   1,300,000 1,394,250
Intesa Sanpaolo SpA      
2.867%, 02/24/2014 (P)(S)   3,300,000 3,089,074
IPIC, Ltd. 5.000%, 11/15/2020 (S)   800,000 841,000
JPMorgan Chase & Company      
1.067%, 09/26/2013 (P) EUR 1,700,000 2,086,489
LBG Capital No.1 PLC      
7.875%, 11/01/2020 (S) $ 1,900,000 1,658,801
Lehman Brothers Holdings, Inc.      
2.911%, 08/21/2009 (H)   2,300,000 526,125
3.011%, 12/23/2010 (H)   10,000,000 2,287,500
5.374%, 11/24/2008 (H)   1,200,000 274,500
5.460%, 04/03/2009 to 11/16/2009 (H)   4,300,000 983,625
Lloyds TSB Bank PLC      
2.816%, 01/24/2014 (P)   5,300,000 5,260,287
4.875%, 01/21/2016   1,700,000 1,740,919
Merrill Lynch & Company, Inc.      
5.450%, 02/05/2013   1,400,000 1,427,972
6.050%, 08/15/2012   900,000 904,493
6.400%, 08/28/2017   3,100,000 3,295,536
6.875%, 04/25/2018   7,600,000 8,354,391
MetLife, Inc. 6.400%, 12/15/2036   2,600,000 2,476,193
Monumental Global Funding, Ltd.      
5.500%, 04/22/2013 (S)   1,900,000 1,967,786
Morgan Stanley      
2.967%, 05/14/2013 (P)   4,100,000 4,081,497
6.250%, 08/28/2017   800,000 804,076
7.300%, 05/13/2019   21,375,000 22,171,946

 

232

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
National Australia Bank, Ltd.      
5.350%, 06/12/2013 (S) $ 2,600,000 $ 2,715,864
National Bank of Canada      
2.200%, 10/19/2016 (S)   300,000 312,811
Nationwide Building Society      
6.250%, 02/25/2020 (S)   3,000,000 3,229,401
Nordea Bank AB 2.125%, 01/14/2014 (S)   600,000 602,084
Northern Rock Asset Management PLC      
5.625%, 06/22/2017 (S)   15,300,000 16,576,494
Pacific LifeCorp. 6.000%, 02/10/2020 (S)   700,000 780,967
Pricoa Global Funding I      
0.673%, 09/27/2013 (P)(S)   2,700,000 2,689,154
Principal Life Income Funding Trusts      
5.300%, 04/24/2013   2,200,000 2,288,684
5.550%, 04/27/2015   3,500,000 3,887,555
Qatari Diar Finance QSC      
5.000%, 07/21/2020 (S)   1,200,000 1,326,000
Regions Bank 7.500%, 05/15/2018   12,900,000 14,448,000
Royal Bank of Scotland Group PLC      
(6.990% to 10/05/2017, then 3 month      
LIBOR + 2.670%) , 10/05/2017 (Q)(S)   6,800,000 5,168,000
Royal Bank of Scotland Group PLC      
(7.648% to 09/30/2031, then 3 month      
LIBOR + 2.500%) , 09/30/2031 (Q)   5,000,000 3,812,500
Royal Bank of Scotland PLC      
1.247%, 10/14/2016 (P)   1,000,000 780,477
RZD Capital, Ltd. 5.739%, 04/03/2017   1,100,000 1,160,500
Santander US Debt SAU      
2.991%, 10/07/2013 (S)   5,700,000 5,377,654
Sberbank of Russia      
6.125%, 02/07/2022 (S)   5,000,000 5,121,950
SLM Corp.      
1.206%, 06/17/2013 (P) EUR 2,100,000 2,512,037
5.375%, 05/15/2014 $ 500,000 511,241
6.250%, 01/25/2016   600,000 607,500
Springleaf Finance Corp.      
3.250%, 01/16/2013 EUR 2,193,000 2,564,946
4.875%, 07/15/2012 $ 600,000 597,000
6.900%, 12/15/2017   2,700,000 2,119,500
State Bank of India/London      
4.500%, 07/27/2015 (S)   1,700,000 1,722,712
Sumitomo Mitsui Banking Corp.      
1.950%, 01/14/2014 (S)   1,300,000 1,313,213
Temasek Financial I, Ltd.      
4.300%, 10/25/2019 (S)   1,600,000 1,796,611
The Bear Stearns Companies LLC      
7.250%, 02/01/2018   26,400,000 31,138,404
The Goldman Sachs Group, Inc.      
1.032%, 05/23/2016 (P) EUR 1,300,000 1,408,043
6.150%, 04/01/2018 $ 7,500,000 7,833,428
6.250%, 09/01/2017   5,400,000 5,745,060
The Royal Bank of Scotland PLC      
3.950%, 09/21/2015   1,600,000 1,595,808
Turkiye Garanti Bankasi AS      
2.966%, 04/20/2016 (P)(S)   900,000 830,250
UBS AG      
1.466%, 01/28/2014 (P)   1,600,000 1,588,811
5.750%, 04/25/2018   1,900,000 2,082,012
5.875%, 12/20/2017   2,100,000 2,309,040
Vnesheconombank      
5.375%, 02/13/2017 (S)   600,000 619,008
5.450%, 11/22/2017 (S)   700,000 721,868
Westpac Banking Corp.      
0.947%, 07/16/2014 (P)(S)   1,000,000 1,009,073

 

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
Westpac Banking Corp. (continued)      
3.585%, 08/14/2014 (S) $ 1,600,000 $ 1,692,435
 
      414,672,438
Health Care - 0.4%      
Amgen, Inc. 6.150%, 06/01/2018   9,100,000 10,863,070
Industrials - 1.0%      
Caterpillar, Inc. 0.637%, 05/21/2013 (P)   8,500,000 8,528,620
Noble Group, Ltd.      
4.875%, 08/05/2015 (S)   1,000,000 997,500
Odebrecht Drilling Norbe VIII/IX, Ltd.      
6.350%, 06/30/2021 (S)   12,544,000 12,951,680
6.350%, 06/30/2021   1,960,000 2,023,700
Sydney Airport Finance      
Company Pty, Ltd.      
5.125%, 02/22/2021 (S)   400,000 431,893
 
      24,933,393
Information Technology - 0.4%      
Hewlett-Packard Company      
0.747%, 05/24/2013 (P)   9,900,000 9,855,222
Materials - 1.2%      
AngloGold Ashanti Holdings PLC      
5.375%, 04/15/2020   300,000 308,397
Braskem Finance, Ltd.      
5.750%, 04/15/2021 (S)   800,000 802,000
CSN Resources SA      
6.500%, 07/21/2020 (S)   8,000,000 8,520,000
6.500%, 07/21/2020   2,600,000 2,769,000
Gerdau Trade, Inc.      
5.750%, 01/30/2021 (S)   600,000 597,000
GTL Trade Finance, Inc.      
7.250%, 10/20/2017 (S)   10,400,000 11,336,000
7.250%, 10/20/2017   2,900,000 3,161,000
Rohm & Haas Company      
6.000%, 09/15/2017   1,500,000 1,752,995
The Dow Chemical Company      
6.000%, 10/01/2012   800,000 812,672
Vale Overseas, Ltd. 4.625%, 09/15/2020   900,000 928,365
 
      30,987,429
Telecommunication Services - 0.3%      
Qtel International Finance, Ltd.      
4.750%, 02/16/2021 (S)   3,000,000 3,130,500
Windstream Corp. 8.125%, 08/01/2013   5,000,000 5,262,500
 
      8,393,000
Utilities - 0.8%      
Calpine Construction Finance      
Company LP 8.000%, 06/01/2016 (S)   5,000,000 5,362,500
Comision Federal de Electricidad      
4.875%, 05/26/2021 (S)   11,900,000 12,465,250
ENN Energy Holdings, Ltd.      
6.000%, 05/13/2021 (S)   400,000 402,730
SteelRiver Transmission Company LLC      
4.710%, 06/30/2017 (S)   2,301,467 2,391,017
 
      20,621,497
TOTAL CORPORATE BONDS (Cost $566,749,132) $ 580,749,830
 
TERM LOANS (M) - 0.2%      
Energy - 0.0%      
Petroleum Export, Ltd.      
3.474%, 12/20/2012   927,960 858,363

 

233

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
TERM LOANS (M) (continued)      
Financials - 0.2%      
Springleaf Finance Funding Company      
5.500%, 05/10/2017 $ 5,200,000 $ 4,773,168
TOTAL TERM LOANS (Cost $6,105,759)   $ 5,631,531
 
MUNICIPAL BONDS - 4.2%      
American Municipal Power, Inc. (Ohio)      
8.084%, 02/15/2050   1,600,000 2,334,032
Badger Tobacco Asset      
Securitization Corp. (Wisconsin)      
6.125%, 06/01/2027   1,120,000 1,120,000
California Infrastructure & Economic      
Development Bank 6.486%, 05/15/2049   1,000,000 1,264,450
California State University      
6.434%, 11/01/2030   1,200,000 1,445,028
California Statewide Communities      
Development Authority      
6.400%, 06/01/2039   12,900,000 16,006,707
Chicago Transit Authority (Illinois)      
6.200%, 12/01/2040   1,000,000 1,147,780
Chicago Transit Authority,      
Series A (Illinois)      
6.300%, 12/01/2021   100,000 108,493
6.899%, 12/01/2040   2,700,000 3,284,766
Chicago Transit Authority,      
Series B (Illinois)      
6.300%, 12/01/2021   300,000 325,479
6.899%, 12/01/2040   2,600,000 3,163,108
City of Los Angeles (California)      
5.713%, 06/01/2039   1,000,000 1,246,720
City of San Antonio, TX      
6.308%, 02/01/2037   2,600,000 3,062,176
County of Clark (Nevada)      
6.820%, 07/01/2045   1,400,000 2,029,370
Illinois Municipal Electric Agency      
6.832%, 02/01/2035   200,000 255,302
Iowa Tobacco Settlement Authority,      
Series A 6.500%, 06/01/2023   850,000 802,851
Los Angeles Unified School      
District (California)      
4.500%, 07/01/2023   5,000,000 5,575,200
6.758%, 07/01/2034   2,700,000 3,575,610
New Jersey State Turnpike Authority      
7.414%, 01/01/2040   7,400,000 10,880,072
North Carolina Turnpike Authority      
6.700%, 01/01/2039   300,000 352,341
San Diego Tobacco Settlement Revenue      
Funding Corp. (California)      
7.125%, 06/01/2032   1,400,000 1,079,526
State of California      
7.950%, 03/01/2036   17,300,000 20,671,597
7.600%, 11/01/2040   1,600,000 2,099,792
7.500%, 04/01/2034   2,600,000 3,302,780
5.650%, 04/01/2039 (P)   800,000 832,496
7.550%, 04/01/2039   900,000 1,167,831
State of Louisiana 3.250%, 05/01/2043 (P)   2,600,000 2,638,532
State of Washington - Series C      
5.000%, 06/01/2041   5,200,000 5,827,588
Tobacco Securitization Authority of      
Southern California 5.125%, 06/01/2046   1,500,000 1,130,790
Tobacco Settlement Finance Authority      
(West Virginia) 7.467%, 06/01/2047   3,090,000 2,308,941
Truckee Meadows Water Authority      
(Nevada), Series A 5.000%, 07/01/2036   200,000 215,220

 

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
MUNICIPAL BONDS (continued)      
University of California      
6.270%, 05/15/2031 $ 5,300,000 $ 6,096,961
TOTAL MUNICIPAL BONDS (Cost $89,316,491) $ 105,351,539
 
CAPITAL PREFERRED SECURITIES - 1.1%    
Financials - 1.1%      
Citigroup Capital XXI (8.300% to      
12/21/2037, then 3 month      
LIBOR + 4.170%) , 12/21/2057   20,525,000 20,750,775
JPMorgan Chase Capital XX      
6.550%, 09/29/2036   400,000 397,934
MUFG Capital Finance 5, Ltd. (6.299% to      
01/25/2017, then 6 month GBP      
LIBOR + 2.060%) , 01/25/2017 (Q) GBP 1,500,000 2,277,123
State Street Capital Trust III      
5.464%, 03/15/2012 (P)(Q) $ 2,900,000 2,910,846
State Street Capital Trust IV      
1.474%, 06/15/2037 (P)   400,000 291,699
USB Capital IX      
3.500%, 08/13/2012 (P)(Q)   300,000 224,502
ZFS Finance USA Trust IV      
2.281%, 05/09/2032 (P)(S)   321,000 320,520
 
      27,173,399
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $18,646,300)   $ 27,173,399
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 5.6%      
Commercial & Residential - 5.0%      
American Home Mortgage      
Investment Trust, Series 2004-4,      
Class 4A 2.728%, 02/25/2045 (P)   143,970 123,120
Arran Residential      
Mortgages Funding PLC      
Series 2010-1A, Class A1B,      
1.889%, 05/16/2047 (P)(S) EUR 284,123 351,971
Series 2010-1A, Class A2B,      
2.089%, 05/16/2047 (P)(S)   3,100,000 3,848,963
Banc of America Large Loan, Inc.,      
Series 2010-HLTN, Class HLTN      
1.989%, 11/15/2015 (P)(S) $ 1,032,872 965,787
BCAP LLC Trust      
Series 2011-RR4, Class 8A1,      
5.250%, 02/26/2036 (S)   2,360,764 2,363,105
Series 2011-RR5, Class 5A1,      
5.250%, 08/26/2037 (S)   6,000,000 5,887,500
Series 2011-RR5, Class 12A1,      
5.577%, 03/26/2037 (P)(S)   400,000 312,000
Bear Stearns Adjustable      
Rate Mortgage Trust      
Series 2004-8, Class 2A1,      
2.854%, 11/25/2034 (P)   2,157,978 1,825,906
Series 2004-9, Class 22A1,      
3.207%, 11/25/2034 (P)   568,665 561,273
Bear Stearns Alt-A Trust, Series 2005-7,      
Class 22A1 2.833%, 09/25/2035 (P)   819,207 553,686
Bear Stearns Commercial Mortgage      
Securities, Series 2007-T26, Class A4      
5.471%, 01/12/2045 (P)   1,000,000 1,140,284
Bear Stearns Commercial      
Mortgage Securities, Inc.      
Series 2007-PW15, Class A4,      
5.331%, 02/11/2044   400,000 429,499

 

234

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Bear Stearns Commercial Mortgage      
Securities, Inc. (continued)      
Series 2007-PW18, Class A4,      
5.700%, 06/11/2050 $ 4,300,000 $ 4,918,000
Citigroup Mortgage Loan Trust, Inc.      
Series 2005-11, Class A2A,      
2.580%, 10/25/2035 (P)   288,811 255,555
Series 2005-11, Class 1A1,      
2.600%, 05/25/2035 (P)   673,578 614,221
Commercial Mortgage Pass Through      
Certificates, Series 2006-C8, Class A4      
5.306%, 12/10/2046   2,900,000 3,237,601
Countrywide Alternative Loan Trust      
Series 2005-81, Class A1,      
0.519%, 02/25/2037 (P)   5,581,021 2,829,036
Series 2005-62, Class 2A1,      
1.152%, 12/25/2035 (P)   6,865,188 3,722,092
Countrywide Home Loan Mortgage      
Pass Through Trust      
Series 2005-HYB9, Class 3A2A,      
2.595%, 02/20/2036 (P)   373,548 274,926
Series 2004-22, Class A3,      
2.620%, 11/25/2034 (P)   1,468,168 1,209,502
Series 2004-HYB9, Class 1A1,      
2.687%, 02/20/2035 (P)   2,492,079 2,040,121
Credit Suisse Mortgage Capital      
Certificates, Series 2006-C2, Class A3      
5.662%, 03/15/2039 (P)   300,000 328,042
European Loan Conduit, Series 25X,      
Class A 0.840%, 05/15/2019 (P) EUR 204,338 213,502
Granite Master Issuer PLC, Series 2005-1,      
Class A5 0.575%, 12/20/2054 (P)   2,639,787 3,125,374
Greenpoint Mortgage Funding Trust      
Series 2006-AR6, Class A1A,      
0.319%, 10/25/2046 (P) $ 48,785 47,797
Series 2006-AR8, Class 1A1A,      
0.319%, 01/25/2047 (P)   36,890 36,027
Greenwich Capital      
Commercial Funding Corp.      
Series 2005-GG3, Class A4,      
4.799%, 08/10/2042 (P)   100,000 107,593
Series 2007-GG9, Class A4,      
5.444%, 03/10/2039   1,400,000 1,527,176
GS Mortgage Securities Corp. II,      
Series 2007-EOP, Class A1      
1.103%, 03/06/2020 (P)(S)   2,438,794 2,420,211
GSR Mortgage Loan Trust,      
Series 2005-AR7, Class 6A1      
5.164%, 11/25/2035 (P)   1,399,394 1,332,900
Holmes Master Issuer PLC,      
Series 2011-1A, Class A3      
2.107%, 10/15/2054 (P)(S) EUR 1,700,000 2,115,021
Homebanc Mortgage Trust, Series 2005-4,      
Class A1 0.509%, 10/25/2035 (P) $ 5,112,538 3,637,330
JPMorgan Chase Commercial      
Mortgage Securities Corp.      
Series 2010-C2, Class A3,      
4.070%, 11/15/2043 (S)   3,000,000 3,277,431
Series 2006-LDP9, Class A3,      
5.336%, 05/15/2047   3,000,000 3,256,866
Series 2007-LDPX, Class A3,      
5.420%, 01/15/2049   400,000 439,628
Series 2007-LD12, Class A4,      
5.882%, 02/15/2051 (P)   1,000,000 1,127,091

 

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
JPMorgan Mortgage Trust      
Series 2005-A1, Class 6T1,      
4.998%, 02/25/2035 (P) $ 490,647 $ 487,520
Series 2005-S3, Class 1A2,      
5.750%, 01/25/2036   231,470 213,728
Mellon Residential Funding Corp.,      
Series 2000-TBC3, Class A1      
0.679%, 12/15/2030 (P)   2,365,088 2,220,134
Merrill Lynch Commercial Trust,      
Series 2008-LAQA, Class A1      
0.777%, 07/09/2021 (P)(S)   4,998,969 4,883,093
Merrill Lynch Mortgage Investors, Inc.      
Series 2005-A10, Class A,      
0.449%, 02/25/2036 (P)   900,862 649,322
Series 2005-3, Class 4A,      
0.489%, 11/25/2035 (P)   186,688 153,672
Series 2005-2, Class 3A,      
1.239%, 10/25/2035 (P)   421,736 362,289
Merrill Lynch/Countrywide Commercial      
Mortgage Trust, Series 2007-6,      
Class A4 5.485%, 03/12/2051 (P)   2,000,000 2,150,198
Morgan Stanley Capital I      
Series 2007-IQ14, Class A2FX,      
5.610%, 04/15/2049   2,602,662 2,677,935
Series 2007-IQ16, Class A4,      
5.809%, 12/12/2049   200,000 229,097
Morgan Stanley Reremic Trust,      
Series 2009-GG10, Class A4A      
5.786%, 08/12/2045 (P)(S)   1,000,000 1,114,678
PHH Alternative Mortgage Trust,      
Series 2007-1, Class 1A1      
0.399%, 02/25/2037 (P)   13,554,567 8,339,230
RBSSP Resecuritization Trust,      
Series 2011-3, Class 2A1      
0.489%, 02/26/2037 (P)(S)   3,108,063 2,530,287
Structured Asset      
Mortgage Investments, Inc.      
Series 2007-AR2, Class 2A1,      
0.369%, 03/25/2037 (P)   2,393,316 1,289,547
Series 2005-AR5, Class A3,      
0.490%, 07/19/2035 (P)   1,804,209 1,599,733
Series 2005-AR8, Class A1A,      
0.519%, 02/25/2036 (P)   472,709 256,257
Structured Asset Securities Corp.,      
Series 2006-11, Class A1      
2.804%, 10/25/2035 (P)(S)   647,302 511,887
Titan Europe PLC, Series, 2007-3X,      
Class A1 1.294%, 10/23/2016 (P) GBP 6,236,910 8,367,530
Wachovia Bank      
Commercial Mortgage Trust      
Series 2007-WHL8, Class A1,      
0.319%, 06/15/2020 (P)(S) $ 5,982,771 5,569,906
Series 2006-WL7A, Class A1,      
0.329%, 09/15/2021 (P)(S)   10,651,203 10,325,809
WaMu Mortgage Pass Through      
Certificates, Series 2005-AR19,      
Class A1A1 0.509%, 12/25/2045 (P)   2,249,782 1,758,279
WaMu Mortgage Pass-      
Through Certificates      
Series 2002-AR17, Class 1A,      
1.352%, 11/25/2042 (P)   143,393 122,085
Series 2001-7, Class A,      
1.354%, 05/25/2041 (P)   89,329 81,445

 

235

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Wells Fargo Mortgage      
Backed Securities Trust      
Series 2004-CC, Class A1,      
2.610%, 01/25/2035 (P) $ 1,225,439 $ 1,152,410
Series 2006-AR2, Class 2A1,      
2.626%, 03/25/2036 (P)   1,448,329 1,269,187
Series 2006-AR2, Class 2A5,      
2.626%, 03/25/2036 (P)   4,515,380 3,734,558
Series 2005-14, Class 1A9,      
5.500%, 12/25/2035   2,687,681 2,707,941
 
      125,213,894
U.S. Government Agency - 0.6%      
Federal Home Loan Mortgage Corp.      
Series 2007-3335, Class BF,      
0.389%, 07/15/2019 (P)   973,650 972,499
Series 3335, Class FT,      
0.389%, 08/15/2019 (P)   2,488,658 2,485,620
Series 3149, Class LF,      
0.539%, 05/15/2036 (P)   1,042,403 1,041,342
Series 2637, Class F,      
0.639%, 06/15/2018 (P)   113,283 113,418
Series T-63, Class 1A1,      
1.358%, 02/25/2045 (P)   136,231 132,175
Federal National Mortgage Association      
Series 2007-73, Class A1,      
0.299%, 07/25/2037 (P)   1,235,673 1,182,737
Series 2005-120, Class NF,      
0.339%, 01/25/2021 (P)   2,850,316 2,847,192
Series 2007-30, Class AF,      
0.549%, 04/25/2037 (P)   1,355,188 1,353,925
Series 2003-W6, Class F,      
0.589%, 09/25/2042 (P)   1,087,063 1,077,148
Series 2005-75, Class FL,      
0.689%, 09/25/2035 (P)   2,589,809 2,590,633
Series 2006-5, Class 3A2,      
2.554%, 05/25/2035 (P)   174,553 181,538
 
      13,978,227
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $146,727,333)   $ 139,192,121
 
ASSET BACKED SECURITIES - 0.9%      
Access Group, Series 2008-1, Class A      
1.766%, 10/27/2025 (P)   7,857,931 7,863,882
Bear Stearns Asset      
Backed Securities Trust      
Series 2007-HE1, Class 21A1,      
0.299%, 01/25/2037 (P)   583,751 555,395
Series 2007-HE5, Class 1A1,      
0.329%, 06/25/2047 (P)   242,466 235,283
BNC Mortgage Loan Trust, Series 2007-2,      
Class A2 0.339%, 05/25/2037 (P)   896,634 808,845
Carrington Mortgage Loan Trust,      
Series 2005-NC5, Class A2      
0.559%, 10/25/2035 (P)   478,535 445,275
Countrywide Asset-Backed Certificates,      
Series 2007-1, Class 2A1      
0.289%, 07/25/2037 (P)   641,829 633,654
GSAMP Trust, Series 2007-FM1,      
Class A2A 0.309%, 12/25/2036 (P)   314,741 206,146
HFC Home Equity Loan Asset Backed      
Certificates, Series 2005-1, Class A      
0.530%, 01/20/2034 (P)   1,759,455 1,614,364

 

Total Return Fund (continued)      
    Shares or    
    Principal    
    Amount   Value
 
ASSET BACKED SECURITIES (continued)      
Hillmark Funding, Series 2006-1A,        
Class A1 0.717%, 05/21/2021 (P)(S) $ 7,100,000  $ 6,694,313
HSBC Asset Loan Obligation,        
Series 2007-WF1, Class A1        
0.299%, 12/25/2036 (P)   482,654   183,913
JPMorgan Mortgage Acquisition Corp.,        
Series 2007-HE1, Class AV1        
0.299%, 03/25/2047 (P)   685,867   577,133
Long Beach Mortgage Loan Trust,        
Series 2004-4, Class 1A1        
0.799%, 10/25/2034 (P)   58,753   48,212
Master Asset Backed Securities Trust,        
Series 2007-HE1, Class A1        
0.319%, 05/25/2037 (P)   226,236   213,421
Penta CLO SA, Series 2007-1X, Class A1        
1.166%, 06/04/2024 (P) EUR 968,307   1,106,147
Securitized Asset Backed        
Receivables LLC Trust,        
Series 2007-HE1, Class A2A        
0.299%, 12/25/2036 (P) $ 515,012   114,000
Small Business Administration        
Participation Certificates,        
Series 2007-2OL, Class 1        
5.290%, 12/01/2027   1,393,399   1,572,617
Specialty Underwriting & Residential        
Finance, Series 2007-BC1, Class A2A        
0.299%, 01/25/2038 (P)   613,548   558,570
Wind River CLO, Ltd., Series 2004-1A,        
Class A1 0.804%, 12/19/2016 (P)(S)   183,620   180,600
TOTAL ASSET BACKED SECURITIES (Cost $24,683,286) $ 23,611,770
 
PREFERRED SECURITIES - 1.0%        
Financials - 1.0%        
Wells Fargo & Company,        
Series L, 7.500%   22,170   24,586,308
TOTAL PREFERRED SECURITIES (Cost $19,353,225) $ 24,586,308
 
ESCROW CERTIFICATES - 0.0%        
Automobile Manufacturers - 0.0%        
General Motors Company (I)   20,000   2,500
TOTAL ESCROW CERTIFICATES (Cost $0)   $ 2,500
 
SHORT-TERM INVESTMENTS - 1.9%        
Certificate of Deposit - 0.5%        
Intesa Sanpaolo SpA 2.375%,        
12/21/2012 * $ 12,700,000  $ 12,329,655
Commercial Paper - 0.3%        
Bank of Nova Scotia        
0.716%, 08/09/2012*   3,700,000   3,699,860
British Telecommunications PLC        
0.900%, 10/29/2012*   1,900,000   1,892,875
Itau Unibanco SA        
1.622%, 11/05/2012*   2,100,000   2,085,463
 
        7,678,198
Foreign Government - 1.0%        
Japan Treasury Discount Bill        
0.010%, 07/30/2012 JPY 670,000,000   8,548,955
0.010%, 08/20/2012   1,120,000,000   14,289,992
Mexico Treasury Bill        
- 06/28/2012 * MXN 578,000,000   4,014,446
 
        26,853,393

 

236

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Total Return Fund (continued)      
    Shares or    
    Principal    
    Amount   Value
 
SHORT-TERM INVESTMENTS (continued)      
Repurchase Agreement - 0.1%        
Credit Suisse Repurchase Agreement        
dated 05/31/2012 at 0.180% to be        
repurchased at $1,800,010 on        
06/01/2012, collateralized by        
$1,831,000 U.S. Treasury Notes,        
1.125% due 05/31/2019 (valued at        
$1,857,893, including interest) $ 1,800,000 $  1,800,000
TOTAL SHORT-TERM INVESTMENTS (Cost $49,067,041) $ 48,661,246
Total Investments (Total Return Fund)        
(Cost $3,480,516,016) - 141.5%     $ 3,541,015,412
Other assets and liabilities, net - (41.5%)       (1,039,386,568)
TOTAL NET ASSETS - 100.0%     $ 2,501,628,844
 
 
SALE COMMITMENTS OUTSTANDING - (0.2)%    
Federal National Mortgage Association - (0.2)%      
Federal National Mortgage Association        
4.000%, TBA   (2,000,000)   (2,128,906)
6.000%, TBA   (3,000,000)   (3,300,178)
 
        (5,429,084)
Government National Mortgage Association - 0.0%    
Government National Mortgage        
Association 3.500%, TBA   (500,000)   (534,028)
TOTAL SALE COMMITMENTS        
OUTSTANDING (Cost $(5,961,328))     $ (5,963,112)
 
 
 
U.S. High Yield Bond Fund      
    Shares or    
    Principal    
    Amount   Value
 
CORPORATE BONDS - 82.6%        
Consumer Discretionary - 25.1%        
99 Cents Only Stores        
11.000%, 12/15/2019 (S) $ 375,000   399,375
Allbritton Communications Company        
8.000%, 05/15/2018   2,325,000   2,406,375
Allison Transmission, Inc.        
7.125%, 05/15/2019 (S)   2,525,000   2,638,625
American Greetings Corp.        
7.375%, 12/01/2021   575,000   598,000
American Tire Distributors, Inc.        
9.750%, 06/01/2017   1,350,000   1,431,000
Ameristar Casinos, Inc.        
7.500%, 04/15/2021   4,525,000   4,694,688
CCH II LLC        
13.500%, 11/30/2016   4,500,000   5,040,000
CCM Merger, Inc.        
9.125%, 05/01/2019 (S)   3,500,000   3,500,000
CCO Holdings LLC        
7.250%, 10/30/2017   2,500,000   2,681,250
7.375%, 06/01/2020   875,000   936,250
7.875%, 04/30/2018   1,025,000   1,099,313
Chukchansi Economic Development Authority      
4.230%, 11/15/2012 (P)(S)   875,000   647,500
8.000%, 11/15/2013 (S)   1,317,000   974,580
Cinemark USA, Inc.        
7.375%, 06/15/2021   1,975,000   2,113,250
8.625%, 06/15/2019   4,975,000   5,410,313
CityCenter Holdings LLC        
7.625%, 01/15/2016   225,000   232,875

 

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
CityCenter Holdings LLC (continued)      
7.625%, 01/15/2016 (S) $ 1,725,000 $ 1,781,063
CityCenter Holdings LLC, PIK      
10.750%, 01/15/2017   2,158,139 2,309,209
Cooper Tire & Rubber Company      
7.625%, 03/15/2027   3,225,000 3,192,750
CSC Holdings LLC      
7.875%, 02/15/2018   2,400,000 2,604,000
8.500%, 04/15/2014   2,175,000 2,395,219
DineEquity, Inc.      
9.500%, 10/30/2018   5,556,000 6,035,205
DISH DBS Corp.      
6.625%, 10/01/2014   2,300,000 2,432,250
7.750%, 05/31/2015   2,750,000 2,990,625
EchoStar DBS Corp.      
7.125%, 02/01/2016   1,325,000 1,417,750
Ford Motor Credit Company LLC      
7.000%, 10/01/2013   820,000 875,395
8.000%, 12/15/2016   5,350,000 6,467,679
General Motors Financial Company, Inc.      
6.750%, 06/01/2018   1,975,000 2,121,142
Gray Television, Inc.      
10.500%, 06/29/2015   4,665,000 4,804,950
Greektown Superholdings, Inc.      
13.000%, 07/01/2015   6,400,000 6,976,000
Interactive Data Corp.      
10.250%, 08/01/2018   2,350,000 2,602,625
KAR Auction Services, Inc.      
4.466%, 05/01/2014 (P)   850,000 845,750
Lamar Media Corp.      
5.875%, 02/01/2022 (S)   400,000 402,500
7.875%, 04/15/2018   925,000 994,375
9.750%, 04/01/2014   3,370,000 3,782,825
Limited Brands, Inc.      
5.625%, 02/15/2022   1,400,000 1,410,500
6.625%, 04/01/2021   625,000 670,313
Lin Television Corp.      
8.375%, 04/15/2018   2,425,000 2,485,625
Local TV Finance LLC, PIK      
9.250%, 06/15/2015 (S)   3,660,115 3,728,742
NAI Entertainment Holdings LLC      
8.250%, 12/15/2017 (S)   4,550,000 4,959,500
National CineMedia LLC      
6.000%, 04/15/2022 (S)   1,325,000 1,321,688
7.875%, 07/15/2021   750,000 783,750
Nexstar Broadcasting, Inc.      
8.875%, 04/15/2017   700,000 731,500
Nielsen Finance LLC      
7.750%, 10/15/2018   9,535,000 10,250,125
11.500%, 05/01/2016   509,000 575,170
Penn National Gaming, Inc.      
8.750%, 08/15/2019   1,175,000 1,295,438
RadioShack Corp.      
6.750%, 05/15/2019   2,875,000 2,123,906
Regal Cinemas Corp.      
8.625%, 07/15/2019   6,515,000 7,085,063
Rent-A-Center, Inc.      
6.625%, 11/15/2020   1,020,000 1,071,000
Ruby Tuesday, Inc.      
7.625%, 05/15/2020 (S)   2,700,000 2,497,500
Salem Communications Corp.      
9.625%, 12/15/2016   4,518,000 4,947,210
Service Corp. International      
6.750%, 04/01/2015 to 04/01/2016   2,916,000 3,154,228
7.000%, 06/15/2017 to 05/15/2019   4,325,000 4,718,125

 

237

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Service Corp. International (continued)      
7.500%, 04/01/2027 $ 1,273,000 $ 1,279,365
7.625%, 10/01/2018   780,000 873,600
8.000%, 11/15/2021   1,000,000 1,120,000
Speedway Motorsports, Inc.      
6.750%, 02/01/2019   1,122,000 1,152,855
The Gap, Inc.      
5.950%, 04/12/2021   800,000 826,597
The Goodyear Tire & Rubber Company      
7.000%, 05/15/2022   475,000 465,500
8.750%, 08/15/2020   1,377,000 1,469,948
Toys R Us Property Company II LLC      
8.500%, 12/01/2017   2,100,000 2,160,375
Toys R Us Property Company LLC      
10.750%, 07/15/2017   2,600,000 2,827,500
Videotron Ltee      
5.000%, 07/15/2022 (S)   1,125,000 1,096,875
6.375%, 12/15/2015   1,195,000 1,215,913
9.125%, 04/15/2018   1,985,000 2,168,613
 
      160,301,230
Consumer Staples - 1.2%      
B&G Foods, Inc.      
7.625%, 01/15/2018   2,922,000 3,126,540
Carriage Services, Inc.      
7.875%, 01/15/2015   2,915,000 2,936,863
Susser Holdings LLC      
8.500%, 05/15/2016   1,800,000 1,932,750
 
      7,996,153
Energy - 13.2%      
Bristow Group, Inc.      
7.500%, 09/15/2017   2,235,000 2,313,225
Coffeyville Resources LLC      
9.000%, 04/01/2015 (S)   7,447,000 7,931,055
Crestwood Midstream Partners LP      
7.750%, 04/01/2019   825,000 831,188
Denbury Resources, Inc.      
6.375%, 08/15/2021   475,000 492,813
8.250%, 02/15/2020   4,014,000 4,335,120
Dresser-Rand Group, Inc.      
6.500%, 05/01/2021   1,375,000 1,402,500
El Paso Corp.      
6.500%, 09/15/2020   440,000 485,190
6.950%, 06/01/2028   1,325,000 1,370,768
7.000%, 06/15/2017   5,022,000 5,638,315
7.250%, 06/01/2018   2,600,000 2,948,085
7.800%, 08/01/2031   1,425,000 1,626,625
8.050%, 10/15/2030   700,000 811,369
8.250%, 02/15/2016   400,000 439,608
El Paso Pipeline Partners Operating      
Company LLC      
6.500%, 04/01/2020   175,000 202,598
Encore Acquisition Company      
9.500%, 05/01/2016   1,525,000 1,662,250
Energy Transfer Equity LP      
7.500%, 10/15/2020   5,640,000 6,091,200
Forest Oil Corp.      
8.500%, 02/15/2014   250,000 262,500
Gulfmark Offshore, Inc.      
6.375%, 03/15/2022 (S)   2,650,000 2,663,250
Hornbeck Offshore Services, Inc.      
5.875%, 04/01/2020 (S)   500,000 490,000
8.000%, 09/01/2017   1,550,000 1,623,625

 

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Hornbeck Offshore Services, Inc. (1.625%      
Steps down to 1.375% on 11/15/2013)      
11/15/2026 $ 3,800,000 $ 3,826,220
Inergy LP      
6.875%, 08/01/2021   769,000 769,000
7.000%, 10/01/2018   1,400,000 1,428,000
NGPL PipeCo LLC      
7.119%, 12/15/2017 (S)   375,000 358,125
7.768%, 12/15/2037 (S)   3,500,000 3,027,500
9.625%, 06/01/2019 (S)   2,200,000 2,260,500
Oil States International, Inc.      
6.500%, 06/01/2019   3,100,000 3,200,750
Overseas Shipholding Group, Inc.      
7.500%, 02/15/2024   5,545,000 3,327,000
PHI, Inc.      
8.625%, 10/15/2018   5,075,000 5,201,875
Regency Energy Partners LP      
6.875%, 12/01/2018   350,000 365,750
Rockies Express Pipeline LLC      
5.625%, 04/15/2020 (S)   475,000 420,375
6.875%, 04/15/2040 (S)   800,000 660,000
7.500%, 07/15/2038 (S)   900,000 787,500
Sabine Pass LNG LP      
7.250%, 11/30/2013   1,000,000 1,042,500
7.500%, 11/30/2016   11,320,000 11,970,900
7.500%, 11/30/2016 (S)   1,563,000 1,590,353
Targa Resources Partners LP      
6.375%, 08/01/2022 (S)   150,000 149,250
Teekay Corp.      
8.500%, 01/15/2020   475,000 489,250
 
      84,496,132
Financials - 11.1%      
Ally Financial, Inc.      
5.500%, 02/15/2017   875,000 876,075
6.750%, 12/01/2014   725,000 754,000
8.000%, 03/15/2020 to 11/01/2031   3,750,000 4,219,750
8.300%, 02/12/2015   1,000,000 1,070,000
Aviv Healthcare Properties LP      
7.750%, 02/15/2019   2,500,000 2,600,000
CIT Group, Inc.      
4.750%, 02/15/2015 (S)   3,350,000 3,333,250
5.000%, 05/15/2017   300,000 294,750
5.250%, 04/01/2014 (S)   3,650,000 3,713,875
5.250%, 03/15/2018   600,000 591,000
5.500%, 02/15/2019 (S)   1,425,000 1,385,813
DuPont Fabros Technology LP      
8.500%, 12/15/2017   6,150,000 6,703,500
Emigrant Bancorp, Inc.      
6.250%, 06/15/2014 (S)   2,000,000 1,824,032
HUB International Holdings, Inc.      
10.250%, 06/15/2015 (S)   4,425,000 4,474,781
International Lease Finance Corp.      
6.500%, 09/01/2014 (S)   1,125,000 1,178,412
6.750%, 09/01/2016 (S)   1,125,000 1,206,563
7.125%, 09/01/2018 (S)   3,175,000 3,492,500
MPT Operating Partnership LP      
6.375%, 02/15/2022   550,000 547,250
6.875%, 05/01/2021   2,325,000 2,394,750
Neuberger Berman Group LLC      
5.625%, 03/15/2020 (S)   650,000 663,000
5.875%, 03/15/2022 (S)   825,000 837,375
Nuveen Investments, Inc.      
5.500%, 09/15/2015   9,389,000 8,450,100
10.500%, 11/15/2015   3,170,000 3,201,700

 

238

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Omega Healthcare Investors, Inc.      
5.875%, 03/15/2024 (S) $ 225,000 $ 222,188
6.750%, 10/15/2022   2,950,000 3,112,250
Oppenheimer Holdings, Inc.      
8.750%, 04/15/2018   1,500,000 1,515,000
Sabra Health Care LP      
8.125%, 11/01/2018   2,665,000 2,811,575
Springleaf Finance Corp.      
5.400%, 12/01/2015   500,000 407,500
5.750%, 09/15/2016   1,650,000 1,311,750
6.500%, 09/15/2017   1,200,000 939,000
6.900%, 12/15/2017   3,800,000 2,983,000
USI Holdings Corp.      
4.342%, 11/15/2014 (P)(S)   750,000 684,375
9.750%, 05/15/2015 (S)   3,000,000 2,977,500
 
      70,776,614
Health Care - 3.7%      
Centene Corp.      
5.750%, 06/01/2017   1,325,000 1,334,938
Community Health Systems, Inc.      
8.875%, 07/15/2015   2,023,000 2,074,839
Emergency Medical Services Corp.      
8.125%, 06/01/2019   550,000 561,000
Fresenius Medical Care US Finance, Inc.      
5.750%, 02/15/2021 (S)   425,000 420,750
6.875%, 07/15/2017   700,000 765,625
HCA, Inc.      
5.875%, 03/15/2022   125,000 124,063
6.500%, 02/15/2020   3,175,000 3,353,594
7.500%, 11/15/2095   1,000,000 770,000
8.500%, 04/15/2019   3,425,000 3,780,344
Health Management Associates, Inc.      
6.125%, 04/15/2016   3,275,000 3,430,563
Healthsouth Corp.      
7.250%, 10/01/2018   600,000 625,500
7.750%, 09/15/2022   500,000 525,000
Mylan, Inc.      
6.000%, 11/15/2018 (S)   1,275,000 1,316,438
7.625%, 07/15/2017 (S)   1,460,000 1,593,225
7.875%, 07/15/2020 (S)   825,000 907,500
PSS World Medical, Inc.      
6.375%, 03/01/2022 (S)   300,000 303,000
Tenet Healthcare Corp.      
10.000%, 05/01/2018   1,500,000 1,710,000
 
      23,596,379
Industrials - 2.9%      
Columbus McKinnon Corp.      
7.875%, 02/01/2019   1,075,000 1,134,125
Corrections Corp. of America      
7.750%, 06/01/2017   1,900,000 2,047,250
Covanta Holding Corp.      
6.375%, 10/01/2022   837,000 868,400
Crown Americas LLC      
7.625%, 05/15/2017   700,000 756,000
Griffon Corp.      
7.125%, 04/01/2018   500,000 502,500
Interface, Inc.      
7.625%, 12/01/2018   225,000 241,313
Iron Mountain, Inc.      
8.000%, 06/15/2020   3,150,000 3,307,500
8.375%, 08/15/2021   25,000 26,688
RailAmerica, Inc.      
9.250%, 07/01/2017   437,000 451,640

 

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
The Geo Group, Inc.      
6.625%, 02/15/2021 $ 1,200,000 $ 1,239,000
7.750%, 10/15/2017   1,835,000 1,958,863
Titan International, Inc.      
7.875%, 10/01/2017   450,000 465,750
TransDigm, Inc.      
7.750%, 12/15/2018   950,000 1,009,375
UR Financing Escrow Corp.      
5.750%, 07/15/2018 (S)   4,325,000 4,400,688
 
      18,409,092
Information Technology - 5.4%      
Aspect Software, Inc.      
10.625%, 05/15/2017   400,000 420,000
Audatex North America, Inc.      
6.750%, 06/15/2018 (S)   1,550,000 1,596,500
Avaya, Inc.      
9.750%, 11/01/2015   675,000 556,875
CDW LLC      
12.535%, 10/12/2017   1,150,000 1,230,500
Equinix, Inc.      
7.000%, 07/15/2021   75,000 80,063
8.125%, 03/01/2018   1,900,000 2,075,750
Fidelity National Information Services, Inc.      
5.000%, 03/15/2022 (S)   350,000 339,939
7.625%, 07/15/2017   1,075,000 1,170,406
7.625%, 07/15/2017 (S)   625,000 677,344
7.875%, 07/15/2020   2,825,000 3,128,688
First Data Corp.      
7.375%, 06/15/2019 (S)   300,000 300,000
11.250%, 03/31/2016   5,610,000 4,880,700
Seagate HDD Cayman      
6.875%, 05/01/2020   425,000 443,063
7.000%, 11/01/2021   500,000 525,000
7.750%, 12/15/2018   2,575,000 2,774,563
Seagate Technology HDD Holdings      
6.800%, 10/01/2016   875,000 964,688
SunGard Data Systems, Inc.      
4.875%, 01/15/2014   1,600,000 1,636,000
7.375%, 11/15/2018   1,150,000 1,170,125
7.625%, 11/15/2020   325,000 333,125
10.250%, 08/15/2015   9,626,000 9,890,715
 
      34,194,044
Materials - 2.3%      
Ball Corp.      
5.000%, 03/15/2022   425,000 429,250
6.750%, 09/15/2020   155,000 168,175
Celanese US Holdings LLC      
6.625%, 10/15/2018   1,625,000 1,718,438
Crown Cork & Seal Company, Inc.      
7.500%, 12/15/2096   1,250,000 1,068,750
Koppers, Inc.      
7.875%, 12/01/2019   100,000 106,750
Novelis, Inc.      
8.375%, 12/15/2017   700,000 738,500
8.750%, 12/15/2020   3,150,000 3,331,125
Owens-Brockway Glass Container, Inc.      
7.375%, 05/15/2016   1,500,000 1,657,500
Owens-Illinois, Inc.      
7.800%, 05/15/2018   1,550,000 1,743,750
Silgan Holdings, Inc.      
5.000%, 04/01/2020 (S)   1,025,000 1,022,438
Solutia, Inc.      
7.875%, 03/15/2020   1,050,000 1,228,500

 

239

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Materials (continued)      
Solutia, Inc. (continued)      
8.750%, 11/01/2017 $ 1,150,000 $ 1,293,750
      14,506,926
Telecommunication Services - 11.1%      
CC Holdings GS V LLC      
7.750%, 05/01/2017 (S)   5,175,000 5,563,125
Cricket Communications, Inc.      
7.750%, 05/15/2016   6,450,000 6,804,750
Crown Castle International Corp.      
7.125%, 11/01/2019   1,725,000 1,858,688
9.000%, 01/15/2015   625,000 679,688
GCI, Inc.      
6.750%, 06/01/2021   850,000 837,250
8.625%, 11/15/2019   4,975,000 5,285,938
Intelsat Jackson Holdings SA      
7.250%, 04/01/2019 to 10/15/2020   3,875,000 3,869,500
7.250%, 10/15/2020 (S)   1,075,000 1,066,938
7.500%, 04/01/2021   1,050,000 1,050,000
9.500%, 06/15/2016   1,550,000 1,602,700
11.250%, 06/15/2016   8,350,000 8,715,313
MetroPCS Wireless, Inc.      
6.625%, 11/15/2020   2,125,000 2,055,938
7.875%, 09/01/2018   1,700,000 1,717,000
SBA Telecommunications, Inc.      
8.000%, 08/15/2016   422,000 450,485
8.250%, 08/15/2019   683,000 741,055
Sprint Capital Corp.      
6.875%, 11/15/2028   6,050,000 4,492,125
8.750%, 03/15/2032   14,640,000 12,334,200
Sprint Nextel Corp.      
9.000%, 11/15/2018 (S)   450,000 487,125
11.500%, 11/15/2021 (S)   675,000 712,125
Syniverse Holdings, Inc.      
9.125%, 01/15/2019   5,944,000 6,374,940
Telesat Canada      
6.000%, 05/15/2017 (S)   925,000 908,813
TW Telecom Holdings, Inc.      
8.000%, 03/01/2018   2,925,000 3,173,625
 
      70,781,321
Utilities - 6.6%      
AmeriGas Finance LLC      
6.750%, 05/20/2020   2,425,000 2,388,625
7.000%, 05/20/2022   650,000 637,000
Calpine Construction Finance Company LP      
8.000%, 06/01/2016 (S)   600,000 643,500
Calpine Corp.      
7.250%, 10/15/2017 (S)   6,901,000 7,280,555
DPL, Inc.      
6.500%, 10/15/2016 (S)   1,175,000 1,251,375
7.250%, 10/15/2021 (S)   4,625,000 5,029,688
Ferrellgas LP      
9.125%, 10/01/2017   4,100,000 4,243,500
Ferrellgas Partners LP      
8.625%, 06/15/2020   1,274,000 1,146,600
Ipalco Enterprises, Inc.      
5.000%, 05/01/2018   100,000 98,500
7.250%, 04/01/2016 (S)   4,420,000 4,795,700
NRG Energy, Inc.      
7.375%, 01/15/2017   9,197,000 9,495,903
NSG Holdings, Inc.      
7.750%, 12/15/2025 (S)   2,125,000 2,125,000

 

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Suburban Propane Partners LP      
7.375%, 03/15/2020 $ 2,700,000 $ 2,835,000
 
      41,970,946
TOTAL CORPORATE BONDS (Cost $512,477,000) $ 527,028,837
 
CAPITAL PREFERRED SECURITIES - 0.2%    
Financials - 0.2%      
Emigrant Capital Trust I      
3.055%, 12/10/2033 (P)(S)   2,450,000 1,106,452
TOTAL CAPITAL PREFERRED SECURITIES (Cost $970,967) $ 1,106,452
 
TERM LOANS (M) - 12.8%      
Consumer Discretionary - 5.5%      
Advantage Sales & Marketing LLC      
9.250%, 06/18/2018   600,000 598,500
Allison Transmission, Inc.      
2.740%, 08/07/2014   2,704,991 2,662,163
CCM Merger, Inc.      
6.000%, 03/01/2017   3,874,714 3,835,967
CCO Holdings LLC      
2.739%, 09/05/2014   4,900,000 4,811,923
Coinmach Service Corp.      
3.240%, 11/20/2014   3,913,430 3,673,732
Federal-Mogul Corp.      
2.178%, 12/29/2014   2,478,922 2,345,680
2.178%, 12/28/2015   2,534,629 2,398,393
Focus Brands, Inc.      
10.250%, 08/21/2018   1,400,000 1,386,000
Gray Television, Inc.      
3.740%, 12/31/2014   2,551,762 2,526,244
HHI Holdings LLC      
7.002%, 03/21/2017   792,002 789,032
KAR Auction Services, Inc.      
5.000%, 05/19/2017   1,790,977 1,787,061
Local TV Finance LLC      
4.240%, 05/07/2015   3,358,525 3,334,680
Nexstar Broadcasting, Inc.      
5.000%, 09/30/2016   719,215 713,821
Pep Boys-Manny Moe & Jack      
2.470%, 10/28/2013   231,293 230,136
Regal Cinemas Corp.      
3.367%, 08/23/2017   197,500 195,737
The Goodyear Tire & Rubber Company      
4.750%, 04/30/2019   2,250,000 2,185,313
Web Service Company LLC      
7.000%, 08/28/2014   1,685,085 1,668,235
 
      35,142,617
Consumer Staples - 0.1%      
Dunkin’ Brands, Inc.      
4.000%, 11/23/2017   721,608 713,227
Energy - 0.1%      
Energy Transfer Equity LP      
3.750%, 03/21/2017   775,000 752,331
Financials - 2.0%      
Amwins Group, Inc.      
5.405%, 06/08/2013   2,147,807 2,131,698
5.740%, 06/08/2014   1,950,000 1,911,000
Capital Automotive LP      
5.250%, 03/10/2017   3,732,485 3,670,275
Springleaf Finance Funding Company      
5.500%, 05/10/2017   3,400,000 3,120,918

 

240

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

U.S. High Yield Bond Fund (continued)  
  Shares or   
  Principal   
  Amount  Value
 
 
TERM LOANS (M) (continued)      
Financials (continued)      
Swett & Crawford      
2.489%, 04/03/2014 $ 382,538 $ 335,677
5.739%, 10/03/2014   2,650,000 1,590,000
 
      12,759,568
Health Care - 0.8%      
Community Health Systems, Inc.      
2.573%, 07/25/2014   1,781,560 1,746,207
HCA, Inc.      
2.739%, 05/01/2016   2,007,911 1,958,968
United Surgical Partners International, Inc.      
6.000%, 03/19/2019   1,550,000 1,526,750
 
      5,231,925
Information Technology - 1.0%      
First Data Corp.      
2.989%, 09/24/2014   6,378,285 6,039,722
SunGard Data Systems, Inc.      
1.989%, 02/28/2014   251,338 249,453
TowerCo Finance LLC      
4.500%, 02/02/2017   247,006 246,697
 
      6,535,872
Materials - 0.1%      
Chemtura Corp.      
5.500%, 08/27/2016   750,000 748,125
Telecommunication Services - 1.1%      
Crown Castle Operating Company      
4.000%, 01/31/2019   199,500 196,657
Fairpoint Communications, Inc.      
6.500%, 01/22/2016   4,289,250 3,577,054
Level 3 Financing, Inc.      
2.653%, 03/13/2014   2,450,000 2,388,750
Mission Broadcasting, Inc.      
5.000%, 09/30/2016   459,810 456,361
 
      6,618,822
Utilities - 2.1%      
Texas Competitive Electric      
Holdings Company LLC      
3.739%, 10/10/2014 21,304,267 13,040,874
4.739%, 10/10/2017   375,000 218,016
 
      13,258,890
TOTAL TERM LOANS (Cost $85,205,317)   $ 81,761,377
 
COMMON STOCKS - 0.0%      
Consumer Discretionary - 0.0%      
Tropicana Entertainment LLC (I)   7,500 $ 33,750
TOTAL COMMON STOCKS (Cost $750,000)   $ 33,750
 
PREFERRED SECURITIES - 0.1%      
Consumer Discretionary - 0.0%      
Tropicana Las Vegas Hotel &      
Casino, Inc., Class A (I)   1,270 $ 22,860
Tropicana Las Vegas Resort & Casino LLC (I)   840 15,120
 
      37,980
Financials - 0.1%      
GMAC Capital Trust I (8.125% to 02/15/2016,      
then 3 month LIBOR + 5.785%)   36,000 825,120
TOTAL PREFERRED SECURITIES (Cost $1,111,000) $ 863,100

 

U.S. High Yield Bond Fund (continued)  
   Shares or  
   Principal  
   Amount Value
SHORT-TERM INVESTMENTS - 3.2%      
Money Market Funds - 3.2%      
State Street Institutional Liquid Reserves      
Fund, 0.1963% (Y) 20,288,387 20,288,387
Repurchase Agreement - 0.0%      
Repurchase Agreement with State Street Bank      
dated 05/31/2012 at 0.010% to be      
repurchased at $130,268 on 06/01/2012,      
collateralized by $107,200 U.S. Treasury      
Bonds, 3.750% due 08/15/2041 (valued at      
$131,487, including interest) $  130,268 $ 130,268
TOTAL SHORT-TERM INVESTMENTS (Cost $20,418,655) $ 20,418,655
Total Investments (U.S. High Yield Bond Fund)      
(Cost $620,932,939) - 98.9%   $ 631,212,171
Other assets and liabilities, net - 1.1%     6,812,127
 
TOTAL NET ASSETS - 100.0%   $ 638,024,298
 
 
 
Value Fund      
   Shares or  
   Principal  
   Amount Value
COMMON STOCKS - 90.1%      
Consumer Discretionary - 12.9%      
Automobiles - 1.6%      
Harley-Davidson, Inc. 54,999 $ 2,649,852
Hotels, Restaurants & Leisure - 2.3%      
Darden Restaurants, Inc. 71,164 3,681,314
Household Durables - 6.6%      
Mohawk Industries, Inc. (I) 70,439 4,796,896
Newell Rubbermaid, Inc. 318,468 5,859,811
 
      10,656,707
Specialty Retail - 2.4%      
Staples, Inc. 291,497 3,830,271
 
      20,818,144
Consumer Staples - 6.2%      
Food & Staples Retailing - 2.2%      
Safeway, Inc. 87,915 1,672,143
Sysco Corp. 69,142 1,929,753
 
      3,601,896
Food Products - 2.9%      
ConAgra Foods, Inc. 183,230 4,608,235
Personal Products - 1.1%      
Avon Products, Inc. 108,330 1,792,862
 
      10,002,993
Energy - 6.7%      
Oil, Gas & Consumable Fuels - 6.7%      
Murphy Oil Corp. 57,787 2,694,030
Newfield Exploration Company (I) 28,619 857,425
Pioneer Natural Resources Company 26,345 2,547,562
The Williams Companies, Inc. 114,815 3,505,302
WPX Energy, Inc. (I) 86,595 1,270,349
 
      10,874,668
 
      10,874,668
Financials - 19.0%      
Capital Markets - 2.7%      
Northern Trust Corp. 83,536 3,607,084

 

241

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

Value Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Capital Markets (continued)    
The Charles Schwab Corp. 60,801 $ 757,580
    4,364,664
Commercial Banks - 6.8%    
BB&T Corp. 129,899 3,925,548
Comerica, Inc. 106,611 3,243,107
Wintrust Financial Corp. 112,535 3,827,315
 
    10,995,970
Insurance - 7.7%    
ACE, Ltd. 60,982 4,410,828
Marsh & McLennan Companies, Inc. 139,064 4,447,267
Willis Group Holdings PLC 98,514 3,474,589
 
    12,332,684
Real Estate Investment Trusts - 1.8%    
Weingarten Realty Investors 115,100 2,944,258
 
    30,637,576
Health Care - 5.7%    
Health Care Providers & Services - 4.6%    
Brookdale Senior Living, Inc. (I) 215,741 3,557,569
HealthSouth Corp. (I) 201,860 3,863,600
 
    7,421,169
Life Sciences Tools & Services - 1.1%    
PerkinElmer, Inc. 63,163 1,680,136
 
    9,101,305
Industrials - 8.1%    
Electrical Equipment - 2.4%    
The Babcock & Wilcox Company (I) 159,330 3,927,485
Machinery - 4.6%    
Ingersoll-Rand PLC 43,042 1,778,065
Snap-On, Inc. 92,267 5,583,076
 
    7,361,141
Road & Rail - 1.1%    
Swift Transportation Company (I) 164,253 1,742,724
 
    13,031,350
Information Technology - 13.6%    
Communications Equipment - 1.4%    
Juniper Networks, Inc. (I) 135,165 2,324,838
Computers & Peripherals - 2.2%    
Diebold, Inc. 94,581 3,500,443
Electronic Equipment, Instruments & Components - 1.7%  
Flextronics International, Ltd. (I) 420,173 2,697,511
IT Services - 3.4%    
Fidelity National Information Services, Inc. 169,552 5,557,915
Office Electronics - 2.7%    
Zebra Technologies Corp., Class A (I) 128,365 4,296,374
Software - 2.2%    
BMC Software, Inc. (I) 85,340 3,611,589
 
    21,988,670
Materials - 7.1%    
Chemicals - 2.8%    
W.R. Grace & Company (I) 85,234 4,474,785
Containers & Packaging - 4.3%    
Sealed Air Corp. 237,191 3,712,039

 

Value Fund (continued)        
    Shares or    
    Principal    
    Amount   Value
COMMON STOCKS (continued)        
Containers & Packaging (continued)        
Sonoco Products Company   107,420 $ 3,305,313
 
        7,017,352
 
        11,492,137
Telecommunication Services - 3.9%        
Diversified Telecommunication Services - 3.9%      
TW Telecom, Inc. (I)   272,894   6,328,412
Utilities - 6.9%        
Electric Utilities - 3.9%        
Edison International   141,460   6,360,042
Multi-Utilities - 3.0%        
CenterPoint Energy, Inc.   153,807   3,111,516
Wisconsin Energy Corp.   45,661   1,727,812
 
        4,839,328
 
        11,199,370
TOTAL COMMON STOCKS (Cost $115,746,742)   $ 145,474,625
PREFERRED SECURITIES - 1.0%        
Health Care - 1.0%        
HealthSouth Corp., 6.500%   1,614   1,577,685
TOTAL PREFERRED SECURITIES (Cost $1,343,102) $ 1,577,685
SHORT-TERM INVESTMENTS - 8.0%        
Money Market Funds - 8.0%        
State Street Institutional Liquid Reserves        
Fund, 0.1963% (Y)   12,849,326   12,849,326
TOTAL SHORT-TERM INVESTMENTS (Cost $12,849,326) $ 12,849,326
CONVERTIBLE BONDS - 1.0%        
Health Care - 1.0%        
Brookdale Senior Living, Inc. $ 1,814,000  $ 1,637,135
TOTAL CONVERTIBLE BONDS (Cost $1,661,044)   $ 1,637,135
Total Investments (Value Fund) (Cost $131,600,214) - 100.1% $ 161,538,771
Other assets and liabilities, net - (0.1%)       (107,381)
 
TOTAL NET ASSETS - 100.0%     $ 161,431,390
 

 

Footnotes  
Percentages are based upon net assets.
 
Key to Currency Abbreviations
  
ARS - Argentine Peso
AUD - Australian Dollar
BRL - Brazilian Real
CAD - Canadian Dollar
CHF - Swiss Franc
DKK - Danish Krone
EUR - Euro
GBP - British Pound
HUF - Hungarian Forint
IDR - Indonesian Rupiah
ILS - Israel, New Shekels
INR - Indian Rupee
JPY - Japanese Yen
KRW - Korean Won
MXN - Mexican Peso
MYR - Malaysian Ringgit

 

242

 


John Hancock Funds II

Portfolio of Investments — May 31, 2012 (Unaudited) (showing percentage of total net assets)

NZD - New Zealand Dollar * Yield represents either the annualized yield at the date of purchase,
PEN - Peruvian Nuevo Sol   the stated coupon rate or, for floating rate securities, the rate at
PHP - Philippine Peso   period end.
PLN - Polish Zloty    
RUB - Russian Ruble    
SGD - Singapore Dollar    
SEK - Swedish Krona    
TRY - Turkish Lira    
UYU - Uruguayan Peso    
ZAR - South African Rand    
 
Key to Security Abbreviations and Legend    
   
ADR - American Depositary Receipts    
CDOR - Canadian Dealer Offered Rate    
EURIBOR - Euro Interbank Offered Rate    
GBPLIBOR - Pound Sterling LIBOR    
GDR - Global Depositary Receipts    
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    
PIK - Paid In Kind    
PO - Principal-Only Security (Principal Tranche of Stripped Security).    
  Rate shown is the annualized yield on date of purchase.    
TBA - To Be Announced    
USGG - U.S. Generic Government Yield Index    
(A) The subadviser is an affiliate of the adviser.    
(C) Security purchased on a when-issued or delayed delivery basis.    
(D) All or a portion of this security is segregated at the custodian as    
  collateral pursuant to certain derivative instrument contracts.    
(F) All or portion of this security is held at a broker to meet the    
  margin requirements for futures contracts.    
(G) The Portfolio’s sub-adviser is shown parenthetically.    
(H) Non-income producing - Issuer is in default.    
(I) Non-income producing security.    
(L) All or a portion of the security is on loan as of May 31, 2012.    
(M) Term loans are variable rate obligations. The coupon rate shown    
  represents the rate at period end.    
(N) Strike price and/or expiration date not available.    
(P) Variable rate obligation. Securities reset coupon rates periodically.    
  The coupon rate shown represents the rate at period end.    
(Q) Perpetual bonds have no stated maturity date. Date shown is next    
  call date.    
(R) Direct placement securities are restricted to resale and the Fund has    
  limited rights to registration under the Securities Act of 1933. For    
  more information on this security refer to the Notes to Portfolio    
  of Investments.    
(S) The securities are exempt from registration under Rule 144A of the    
  Securities Act of 1933. Such securities may be resold to qualified    
  institutional buyers, in transactions exempt from registration.    
(T) All or a portion of this position represents unsettled loan    
  commitment at period end where the coupon rate will be    
  determined at time of settlement.    
(V) The Fund owns 5% or more of the outstanding voting shares of the    
  issuer and the security is considered an affiliate of the Fund. For    
  more information on this security refer to the Notes to Portfolio    
  of Investments.    
(W) Investment is an affiliate of the Portfolio, the adviser and/or    
  subadviser. Also, it represents the investment of securities lending    
  collateral received.    
(Y) The rate shown is the annualized seven-day yield as of    
  May 31, 2012.    
(Z) Zero coupon bonds are issued at a discount from their principal    
  amount in lieu of paying interest periodically.    
(1) Manulife Asset Management (US) LLC is doing business as John    
  Hancock Asset Management.    
(2) Manulife Asset Management (North America) Limited is doing    
  business as John Hancock Asset Management.    

 

243

 


Notes to Portfolios of Investments (Unaudited)
Nine Month Period Ended May 31, 2012

Security valuation. Investments are stated at value as of the close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 p.m., Eastern Time. In order to value the securities, the Funds use the following valuation techniques. Equity securities, including exchange-traded and closed-end funds, held by the Funds are valued at the last sale price or official closing price on the principal securities exchange on which they trade. In the event there were no sales during the day or closing prices are not available, then securities are valued using the last quoted bid or evaluated price. Investments by the Funds in open-end mutual funds, including John Hancock Collateral Investment Trust (JHCIT), are valued at their respective net asset values each business day. Debt obligations are valued based on the evaluated prices provided by an independent pricing service, which utilizes both dealer-supplied and electronic data processing techniques. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices and may reflect appropriate 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. Options are traded either over-the-counter or on an exchange. Options listed on an exchange are valued at the mean between the last bid and ask prices from the exchange on which they are principally traded. For options not listed on an exchange, an independent pricing source is used to value the options at the mean between the last bid and ask prices. Futures contracts are valued at the quoted daily settlement prices established by the exchange on which they trade. Swaps are marked-to-market daily based upon values from third party vendors, which may include a registered commodities exchange, or broker quotations. Foreign securities, including forward foreign currency contracts, are valued in U.S. dollars, based on foreign currency exchange rates supplied by an independent pricing service. Certain securities and forward foreign currency contracts traded only in the over-the-counter market are valued at the last bid price quoted by brokers making markets in the securities at the close of trading. Certain short-term securities are valued at amortized cost.

Other portfolio securities and assets, where market quotations are not readily available, are valued at fair value, as determined in good faith by the Funds’ Pricing Committee, following procedures established by the Board of Trustees. Generally, trading in non-U.S. securities is substantially completed each day at various times prior to the close of trading on the NYSE. Significant market events that affect the values of non-U.S. securities may occur between the times when the valuation of the securities is generally determined and the close of the NYSE. During significant market events, these securities will be valued at fair value, as determined in good faith, following procedures established by the Board of Trustees. The Funds may use a fair valuation model to value non-U.S. securities in order to adjust for events which may occur between the close of foreign exchanges and the close of the NYSE.

The Funds use 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. Level 2 includes securities valued using 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 Funds’ own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events, 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 may result in transfers into or out of Level 1 and Level 2.

As of May 31, 2012, all investments for All Cap Core Fund, Core Diversified Growth & Income Portfolio, Core Fundamental Holdings Portfolio, Core Global Diversification Portfolio, Redwood Fund, Retirement Choices 2010 Portfolio, Retirement Choices 2030 Portfolio, Retirement Choices 2045 Portfolio, Retirement Choices 2050 Portfolio and Small Company Growth Fund, are categorized as Level 1 under the hierarchy described above.

All investments for All Cap Value Fund, Mid Cap Growth Index Fund, Mid Cap Value Index Fund, Real Estate Securities Fund, Retirement Choices 2015 Portfolio, Retirement Choices 2020 Portfolio, Retirement Choices 2025 Portfolio, Retirement Choices 2035 Portfolio, Retirement Choices 2040 Portfolio, Small Cap Growth Fund and Small Cap Value Fund, are categorized as Level 1 under the hierarchy described above except for repurchase agreements and/or short term discount notes which are categorized as Level 2.

244  

 


All investments for Small Cap Opportunities Fund and Small Company Value Fund are categorized as Level 1 under the hierarchy described above except for preferred securities which are categorized as Level 2.

All investments for Real Estate Equity Fund are categorized as Level 1 under the hierarchy described above except for convertible bonds which are categorized as Level 2.

All investments for Emerging Markets Debt Fund are categorized as Level 2 under the hierarchy described above.

All investments for Investment Quality Bond Fund and Short Term Government Income Fund are categorized as Level 2 under the hierarchy described above except for futures which are categorized as Level 1.

The following is a summary of the values by input classification of the Funds’ investments as of May 31, 2012, by major security category or type:

  Total Market Value at    Level 2 Significant  Level 3 Significant 
  5-31-12  Level 1 Quoted Price  Observable Inputs  Unobservable Inputs 
 
Active Bond Fund         
U.S. Government & Agency Obligations  $575,477,843  -  $575,477,843  - 
Foreign Government Obligations  1,201,809  -  1,201,809  - 
Corporate Bonds  563,394,947  -  561,966,086  $1,428,861 
Capital Preferred Securities  17,568,101  -  17,568,101  - 
Convertible Bonds  945,526  -  945,526  - 
Term Loans  2,657,200  -  2,657,200  - 
Municipal Bonds  3,499,174  -  3,499,174  - 
Collateralized Mortgage Obligations  239,462,758  -  239,317,197  145,561 
Asset Backed Securities  38,995,371  -  35,617,701  3,377,670 
Common Stocks  8,800  -  48  8,752 
Preferred Securities  6,931,947  $5,031,091  1,660,430  240,426 
Securities Lending Collateral  3,184,304  3,184,304  -  - 
Short-Term Investments  250,384,004  228,384,004  22,000,000  - 
Total Investments in Securities  $1,703,711,784  $236,599,399  $1,461,911,115  $5,201,270 
 
Alpha Opportunities Fund         
Common Stocks         
Consumer Discretionary  $238,591,644  $227,698,721  $10,892,923  - 
Consumer Staples  60,010,817  54,464,667  5,546,150  - 
Energy  104,942,033  90,640,225  14,301,808  - 
Financials  139,413,214  131,733,847  7,679,367  - 
Health Care  163,707,999  160,440,352  3,267,647  - 
Industrials  197,456,001  178,305,551  19,150,450  - 
Information Technology  262,724,873  257,807,290  4,917,583  - 

 

245  

 


Materials  50,997,005  46,063,337  4,933,668  - 
Telecommunication Services  11,844,357  11,844,357  -  - 
Utilities  10,823,611  10,823,611  -  - 
Preferred Securities         
Financials  16,739  16,739  -  - 
Industrials  58,307  -  58,307  - 
Investment Companies  4,997,935  4,997,935  -  - 
Securities Lending Collateral  159,440,547  159,440,547  -  - 
Short-Term Investments  72,400,000  -  72,400,000  - 
Total Investments in Securities  $1,477,425,082  $1,334,277,179  $143,147,903  - 
 
Blue Chip Growth Fund         
Common Stocks         
Consumer Discretionary  $523,878,330  $523,878,330  -  - 
Consumer Staples  26,711,348  26,711,348  -  - 
Energy  106,748,318  106,748,318  -  - 
Financials  139,247,244  139,247,244  -  - 
Health Care  226,748,847  226,748,847  -  - 
Industrials  291,674,240  291,674,240  -  - 
Information Technology  687,368,704  652,194,988  $35,173,716  - 
Materials  90,991,433  90,991,433  -  - 
Telecommunication Services  45,342,167  45,342,167  -  - 
Securities Lending Collateral  113,141,696  113,141,696  -  - 
Short-Term Investments  17,862,646  17,862,646  -  - 
Total Investments in Securities  $2,269,714,973  $2,234,541,257  $35,173,716  - 
 
Capital Appreciation Fund         
Common Stocks         
Consumer Discretionary  $424,397,736  $371,460,890  $52,936,846  - 
Consumer Staples  103,018,403  103,018,403  -  - 
Energy  95,202,528  95,202,528  -  - 
Financials  66,321,236  66,321,236  -  - 
Health Care  268,430,169  268,430,169  -  - 
Industrials  123,116,878  123,116,878  -  - 
Information Technology  568,415,717  550,122,415  18,293,302  - 
Materials  26,930,448  26,930,448  -  - 
Telecommunication Services  36,206,062  36,206,062  -  - 
Securities Lending Collateral  117,506,019  117,506,019  -  - 

 

246  

 


Short-Term Investments  29,175,806  29,175,806  -  - 
Total Investments in Securities  $1,858,721,002  $1,787,490,854  $71,230,148  - 
 
Capital Appreciation Value Fund         
Common Stocks         
Consumer Discretionary  $109,834,499  $109,834,499  -  - 
Consumer Staples  120,637,451  120,637,451  -  - 
Energy  50,704,138  50,704,138  -  - 
Financials  105,471,394  105,471,394  -  - 
Health Care  161,283,597  161,283,597  -  - 
Industrials  142,934,944  142,934,944  -  - 
Information Technology  138,631,538  138,631,538  -  - 
Materials  31,448,430  31,448,430  -  - 
Telecommunication Services  29,639,058  29,639,058  -  - 
Utilities  31,400,827  31,400,827  -  - 
Preferred Securities         
Consumer Discretionary  9,748,242  9,748,242  -  - 
Financials  9,863,025  7,917,525  $1,945,500  - 
Utilities  7,997,140  6,542,140  1,455,000  - 
Corporate Bonds         
Consumer Discretionary  24,298,661  -  24,298,661  - 
Consumer Staples  2,440,001  -  2,440,001  - 
Energy  22,140,560  -  22,140,560  - 
Financials  17,096,124  -  17,096,124  - 
Health Care  968,563  -  968,563  - 
Industrials  10,565,007  -  10,565,007  - 
Information Technology  375,000  -  375,000  - 
Materials  1,224,871  -  1,224,871  - 
Telecommunication Services  17,267,102  -  17,267,102  - 
Utilities  9,113,608  -  9,113,608  - 
Convertible Bonds         
Energy  6,293,026  -  6,293,026  - 
Industrials  3,336,463  -  3,336,463  - 
Information Technology  4,055,265  -  4,055,265  - 
Telecommunication Services  270,244  -  270,244  - 
Term Loans         
Consumer Discretionary  65,329,590  -  65,329,590  - 
Consumer Staples  27,591,114  -  27,591,114  - 

 

247  

 


Energy  549,656  -  549,656  - 
Financials  10,242,750  -  10,242,750  - 
Health Care  2,192,666  -  2,192,666  - 
Industrials  10,773,052  -  10,773,052  - 
Information Technology  17,826,034  -  17,826,034  - 
Telecommunication Services  38,003,127  -  38,003,127  - 
Securities Lending Collateral  19,638,530  19,638,530  -  - 
Short-Term Investments  273,355,143  273,355,143  -  - 
Total Investments in Securities  $1,534,540,440  $1,239,187,456  $295,352,984  - 
Other Financial Instruments:         
Written Options  ($6,273,976)  ($6,273,976)  -  - 
 
Core Bond Fund         
U.S. Government & Agency Obligations  $402,026,267  -  $401,896,688  $129,579 
Foreign Government Obligations  9,330,105  -  9,330,105  - 
Corporate Bonds  147,666,468  -  147,666,468  - 
Municipal Bonds  7,299,299  -  7,299,299  - 
Collateralized Mortgage Obligations  98,073,166  -  98,073,166  - 
Asset Backed Securities  71,838,896  -  71,838,896  - 
Short-Term Investments  43,381,455  $43,381,455  -  - 
Total Investments in Securities  $779,615,656  $43,381,455  $736,104,622  $129,579 
Sale Commitments Outstanding  ($7,273,077)  -  ($7,273,077)  - 
 
Equity-Income Fund         
Common Stocks         
Consumer Discretionary  $171,096,508  $167,111,891  $3,984,617  - 
Consumer Staples  104,214,826  104,214,826  -  - 
Energy  180,883,196  180,883,196  -  - 
Financials  281,865,427  281,865,427  -  - 
Health Care  100,526,444  100,526,444  -  - 
Industrials  197,180,117  197,180,117  -  - 
Information Technology  100,160,348  100,160,348  -  - 
Materials  75,384,196  75,384,196  -  - 
Telecommunication Services  61,163,884  52,523,369  8,640,515  - 
Utilities  100,681,267  100,681,267  -  - 
Preferred Securities         
Consumer Discretionary  8,581,464  8,581,464  -  - 
Securities Lending Collateral  141,035,589  141,035,589  -  - 

 

248  

 


Short-Term Investments  60,784,797  60,784,797  -  - 
Rights  90,047  90,047  -  - 
Total Investments in Securities  $1,583,648,110  $1,571,022,978  $12,625,132  - 
 
Fundamental Value Fund         
Common Stocks         
Consumer Discretionary  $117,369,151  $109,610,003  $7,759,148  - 
Consumer Staples  216,542,625  205,829,822  10,712,803  - 
Energy  125,751,672  120,989,889  4,761,783  - 
Financials  432,101,648  396,654,204  35,447,444  - 
Health Care  72,430,151  63,523,468  8,906,683  - 
Industrials  67,391,314  36,689,764  30,701,550  - 
Information Technology  104,646,860  104,646,860  -  - 
Materials  74,422,589  60,818,938  13,603,651  - 
Telecommunication Services  2,284,755  2,284,755  -  - 
Convertible Bonds  574,403  -  574,403  - 
Securities Lending Collateral  60,405,057  60,405,057  -  - 
Short-Term Investments  79,475,134  -  79,475,134  - 
Total Investments in Securities  $1,353,395,359  $1,161,452,760  $191,942,599  - 
 
Global Bond Fund         
Foreign Government Obligations  $268,753,768  -  $268,753,768  - 
Corporate Bonds  346,158,889  -  346,158,889  - 
U.S. Government & Agency Obligations  307,862,947  -  307,862,947  - 
Municipal Bonds  26,938,648  -  26,938,648  - 
Term Loans  5,285,884  -  5,285,884  - 
Collateralized Mortgage Obligations  128,054,714  -  123,585,234  $4,469,480 
Asset Backed Securities  21,212,256  -  20,056,143  1,156,113 
Preferred Securities  134,850  $134,850  -  - 
Options Purchased  32,391  -  32,391  - 
Short-Term Investments  106,641,369  -  106,641,369  - 
Total Investments in Securities  $1,211,075,716  $134,850  $1,205,315,273  $5,625,593 
Sale Commitments Outstanding  ($37,148,297)  -  ($37,148,297)  - 
Other Financial Instruments:         
Futures  $783,166  $783,166  -  - 
Forward Foreign Currency Contracts  $17,549,776  -  $17,549,776  - 
Written Options  ($2,521,299)  (21,000)  ($2,491,714)  ($8,585) 
Interest Rate Swaps  $3,179,412  -  $3,179,412  - 

 

249  

 


Currency swaps  ($191,049)  -  ($191,049)  - 
Credit Default Swaps  ($1,240,613)  -  ($1,240,613)  - 
 
Global Real Estate Fund         
Common Stocks         
Australia  $39,741,754  -  $39,741,754  - 
Austria  672,956  -  672,956  - 
Canada  23,859,490  $23,859,490  -  - 
China  5,037,643  -  5,037,643  - 
France  16,971,489  -  16,971,489  - 
Germany  4,129,462  -  4,129,462  - 
Guernsey, C.I.  194,191  -  194,191  - 
Hong Kong  45,356,266  -  45,356,266  - 
Italy  6  -  -  $6 
Japan  43,032,861  -  43,032,861  - 
Jersey, C.I.  1,770,668  -  1,770,668  - 
Netherlands  4,451,427  -  4,451,427  - 
Norway  2,033,796  -  2,033,796  - 
Singapore  21,573,375  -  21,573,375  - 
Sweden  4,525,283  -  4,525,283  - 
Switzerland  6,878,751  -  6,878,751  - 
United Kingdom  25,490,589  -  25,490,589  - 
United States  244,073,315  244,073,315  -  - 
Securities Lending Collateral  17,668,752  17,668,752  -  - 
Short-Term Investments  3,476,000  -  3,476,000  - 
Total Investments in Securities  $510,938,074  $285,601,557  $225,336,511  $6 
 
Health Sciences Fund         
Common Stocks         
Consumer Staples  $3,325,784  $2,567,043  $758,741  - 
Health Care  348,250,285  324,275,801  23,974,484  - 
Industrials  1,541,686  1,541,686  -  - 
Information Technology  3,438,474  3,438,474  -  - 
Materials  2,601,640  2,601,640  -  - 
Preferred Securities  357,884  -  -  $357,884 
Convertible Bonds  219,125  -  219,125  - 
Options Purchased  75,032  75,032  -  - 
Short-Term Investments  7,946,676  7,946,676  -  - 

 

250  

 


Total Investments in Securities  $367,756,586  $342,446,352  $24,952,350  $357,884 
Other Financial Instruments:         
Written Options  ($4,796,847)  ($4,796,847)  -  - 
 
Heritage Fund         
Common Stocks         
Consumer Discretionary  $32,887,082  $32,887,082  -  - 
Consumer Staples  14,916,631  14,916,631  -  - 
Energy  11,845,227  11,845,227  -  - 
Financials  8,869,190  8,869,190  -  - 
Health Care  22,619,560  20,999,530  $1,620,030  - 
Industrials  23,563,563  23,563,563  -  - 
Information Technology  32,021,751  31,288,236  733,515  - 
Materials  9,479,448  9,479,448  -  - 
Telecommunication Services  2,191,772  2,191,772  -  - 
Securities Lending Collateral  23,211,281  23,211,281  -  - 
Short-Term Investments  4,522,295  4,522,295  -  - 
Total Investments in Securities  $186,127,800  $183,774,255  $2,353,545  - 
Other Financial Instruments:         
Forward Foreign Currency Contracts  $23,119  -  $23,119  - 
 
High Income Fund         
Corporate Bonds  $184,208,019  -  $173,795,428  $10,412,591 
Foreign Government Obligations  144,000  -  144,000  - 
Convertible Bonds  54,973,184  -  54,973,184  - 
Term Loans  19,635,725  -  19,635,725  - 
Collateralized Mortgage Obligations  655,027  -  -  655,027 
Asset Backed Securities  1,045,441  -  1,045,441  - 
Common Stocks  19,871,975  $16,822,411  286,550  2,763,014 
Preferred Securities  69,556,109  34,230,358  22,857,491  12,468,260 
Escrow Certificates  224,626  -  224,626  - 
Warrants  878,090  878,090  -  - 
Short-Term Investments  15,387,968  -  15,387,968  - 
Total Investments in Securities  $366,580,164  $51,930,859  $288,350,413  $26,298,892 
Other Financial Instruments:         
Forward Foreign Currency Contracts  $374,415  -  $374,415  - 
 
High Yield Fund         

 

251  

 


Foreign Government Obligations  $29,740,512  -  $29,657,399  $83,113 
Corporate Bonds  836,726,673  -  834,727,731  1,998,942 
Capital Preferred Securities  9,964,283  -  9,140,108  824,175 
Convertible Bonds  8,477,352  -  8,477,352  - 
Term Loans  36,899,546  -  36,899,546  - 
Common Stocks  21,656,770  $10,939,188  -  10,717,582 
Preferred Securities  24,914,292  23,949,792  -  964,500 
Escrow Certificates  198,688  -  -  198,688 
Warrants  891,102  97,263  642,429  151,410 
Options Purchased  1,699,719  -  1,699,719  - 
Securities Lending Collateral  15,645,187  15,645,187  -  - 
Short-Term Investments  30,500,000  -  30,500,000  - 
Total Investments in Securities  $1,017,314,124  $50,631,430  $951,744,284  $14,938,410 
Other Financial Instruments:         
Forward Foreign Currency Contracts  $1,716,873  -  $1,716,873  - 
Written Options  ($1,009,251)  -  ($1,009,251)  - 
Credit Default Swaps  $1,697,147  -  $1,697,147  - 
 
International Growth Stock Fund         
Common Stocks         
Australia  $18,681,178  -  $18,681,178  - 
Belgium  6,834,331  -  6,834,331  - 
Brazil  7,105,179  $7,105,179  -  - 
Canada  26,359,359  26,359,359  -  - 
China  3,943,800  -  3,943,800  - 
Denmark  3,965,337  -  3,965,337  - 
France  21,490,664  -  21,490,664  - 
Germany  14,740,740  -  14,740,740  - 
Hong Kong  9,500,123  -  9,500,123  - 
Ireland  5,658,636  -  5,658,636  - 
Israel  5,390,389  5,390,389  -  - 
Japan  28,316,881  -  28,316,881  - 
Mexico  12,303,549  12,303,549  -  - 
Netherlands  11,209,549  745,277  10,464,272  - 
Russia  1,837,476  -  1,837,476  - 
Singapore  8,405,692  -  8,405,692  - 
South Korea  8,131,186  -  8,131,186  - 
Spain  3,222,811  -  3,222,811  - 

 

252  

 


Sweden  9,315,386  -  9,315,386  - 
Switzerland  25,217,670  -  25,217,670  - 
Taiwan  4,883,014  -  4,883,014  - 
Turkey  2,550,220  -  2,550,220  - 
United Kingdom  56,108,112  -  56,108,112  - 
Preferred Securities  4,093,099  -  4,093,099   
Short-Term Investments  28,604,520  28,604,520  -  - 
Total Investments in Securities  $327,868,901  $80,508,273  $247,360,628  - 
 
International Opportunities Fund         
Common Stocks         
Argentina  $3,198,870  $3,198,870  -  - 
Belgium  4,695,519  -  $4,695,519  - 
Brazil  3,143,675  3,143,675  -  - 
Canada  9,372,862  9,372,862  -  - 
China  7,115,795  5,063,874  2,051,921  - 
Denmark  4,417,432  -  4,417,432  - 
France  7,827,541  -  7,827,541  - 
Germany  10,717,050  -  10,717,050  - 
Hong Kong  14,360,861  -  14,360,861  - 
Ireland  12,701,695  4,681,572  8,020,123  - 
Israel  3,903,566  3,903,566  -  - 
Japan  28,185,260  -  28,185,260  - 
Luxembourg  5,225,467  -  5,225,467  - 
Mexico  1,788,775  1,788,775  -  - 
Netherlands  18,211,096  11,994,046  6,217,050  - 
South Korea  5,611,020  -  5,611,020  - 
Spain  3,463,061  -  3,463,061  - 
Sweden  1,350,586  -  1,350,586  - 
Switzerland  23,106,475  -  23,106,475  - 
Taiwan  4,497,646  4,497,646  -  - 
United Kingdom  30,299,640  -  30,299,640  - 
United States  8,090,294  8,090,294  -  - 
Preferred Securities         
United Kingdom  31,608  -  31,608  - 
Short-Term Investments  7,990,731  7,990,731  -  - 
Total Investments in Securities  $219,306,525  $63,725,911  $155,580,614  - 

 

253  

 


International Small Cap Fund         
Common Stocks         
Australia  $10,078,771  -  $10,078,771  - 
Austria  2,934,273  -  2,934,273  - 
Bahamas  5,399,232  $5,399,232  -  - 
Belgium  4,681,258  -  4,681,258  - 
Canada  23,571,837  23,571,837  -  - 
China  6,687,151  -  6,687,151  - 
Finland  10,981,841  -  10,981,841  - 
France  1,450,946  -  1,450,946  - 
Germany  5,791,875  -  5,791,875  - 
Greece  2,465,837  -  2,465,837  - 
Hong Kong  17,475,606  -  17,475,606  - 
Ireland  3,670,504  -  3,670,504  - 
Italy  5,479,126  -  5,479,126  - 
Japan  35,917,160  -  35,917,160  - 
Liechtenstein  2,547,390  -  2,547,390  - 
Luxembourg  1,844,310  -  1,844,310  - 
Netherlands  24,932,005  -  24,932,005  - 
Norway  5,286,727  -  5,286,727  - 
Singapore  161,870  -  161,870  - 
South Korea  27,116,173  -  27,116,173  - 
Spain  10,780,760  -  10,780,760  - 
Sweden  1,769,931  -  1,769,931  - 
Switzerland  9,151,576  1,415,730  7,735,846  - 
Taiwan  8,687,541  -  8,687,541  - 
Thailand  7,884,899  -  7,884,899  - 
Turkey  1,142,153  -  1,142,153  - 
United Kingdom  35,547,994  -  35,547,994  - 
Securities Lending Collateral  27,306,809  27,306,809  -  - 
Short-Term Investments  16,000,000  -  16,000,000  - 
Total Investments in Securities  $316,745,555  $57,693,608  $259,051,947  - 
 
International Small Company Fund         
Common Stocks         
Australia  $13,785,100  $247,423  $13,461,289  $76,388 
Austria  1,598,163  -  1,596,536  1,627 
Bahamas  27,359  -  27,359  - 

 

254  

 


Belgium  2,283,164  -  2,283,164  - 
Bermuda  1,164,789  -  1,164,789  - 
Canada  21,328,276  21,309,182  19,094  - 
Cayman Islands  21,178  21,178  -  - 
China  116,526  -  116,526  - 
Colombia  62,116  62,116  -  - 
Cyprus  290,252  -  290,252  - 
Denmark  2,211,495  -  2,211,495  - 
Finland  4,191,038  -  4,191,038  - 
France  6,707,709  -  6,707,709  - 
Gabon  43,145  -  43,145  - 
Germany  8,719,205  49,426  8,669,779  - 
Gibraltar  165,991  -  165,991  - 
Greece  1,019,844  -  1,019,752  92 
Hong Kong  3,860,404  18,835  3,820,747  20,822 
Ireland  2,492,824  -  2,491,807  1,017 
Isle of Man  23,926  -  23,926  - 
Israel  1,776,893  4,607  1,772,286  - 
Italy  4,761,327  -  4,761,099  228 
Japan  47,954,296  -  47,954,296  - 
Jersey, C.I.  293,797  -  293,797  - 
Liechtenstein  46,282  -  46,282  - 
Luxembourg  387,512  -  387,412  100 
Malta  122,164  -  122,164  - 
Monaco  40,545  -  40,545  - 
Netherlands  3,761,300  -  3,761,300  - 
New Zealand  1,554,022  -  1,554,022  - 
Norway  1,788,663  -  1,788,663  - 
Peru  59,727  -  59,727  - 
Portugal  623,914  -  623,914  - 
Russia  14,845  -  14,845  - 
Singapore  2,644,821  -  2,644,821  - 
South Africa  24,976  24,976  -  - 
Spain  3,045,235  -  3,045,027  208 
Sweden  6,648,478  9,873  6,638,605  - 
Switzerland  10,337,926  -  10,337,926  - 
United Arab Emirates  46,949  -  46,949  - 
United Kingdom  37,891,866  -  37,875,624  16,242 

 

255  

 


United States  616,286  368,424  247,862  - 
Preferred Securities         
Sweden  3,496  -  3,496  - 
Warrants  12,713  12,713  -  - 
Rights  3,247  1,153  808  1,286 
Securities Lending Collateral  10,748,716  10,748,716  -  - 
Short-Term Investments  1,754,219  1,754,219  -  - 
Total Investments in Securities  $207,076,719  $34,632,841  $172,325,868  $118,010 
 
International Value Fund         
Common Stocks         
Australia  $9,390,064  -  $9,390,064  - 
Austria  8,032,762  -  8,032,762  - 
Belgium  5,610,664  -  5,610,664  - 
Brazil  13,673,513  $13,673,513  -  - 
Canada  17,162,257  17,162,257  -  - 
China  19,380,948  5,559,231  13,821,717  - 
Denmark  10,817,943  -  10,817,943  - 
France  147,298,359  -  147,298,359  - 
Germany  69,240,227  -  69,240,227  - 
Hong Kong  20,657,895  -  20,657,895  - 
India  13,467,629  -  13,467,629  - 
Ireland  9,188,221  -  9,188,221  - 
Italy  12,878,718  -  12,878,718  - 
Japan  63,292,454  -  63,292,454  - 
Netherlands  123,898,291  -  123,898,291  - 
Norway  49,142,509  -  49,142,509  - 
Russia  12,867,968  12,867,968  -  - 
Singapore  31,341,096  17,326,039  14,015,057  - 
South Korea  77,771,528  26,610,906  51,160,622  - 
Spain  12,409,304  -  12,409,304  - 
Sweden  7,469,453  -  7,469,453  - 
Switzerland  115,482,317  9,881,007  105,601,310  - 
Taiwan  43,669,201  -  43,669,201  - 
United Kingdom  202,645,894  -  202,645,894  - 
Rights  324,501  324,501  -  - 
Securities Lending Collateral  46,218,844  46,218,844  -  - 
Short-Term Investments  42,000,000  -  42,000,000  - 

 

256  

 


Total Investments in Securities  $1,185,332,560  $149,624,266  $1,035,708,294  - 
 
Mid Cap Stock Fund         
Common Stocks         
Consumer Discretionary  $200,452,697  $193,590,118  $6,862,579  - 
Energy  61,843,059  61,431,703  411,356  - 
Financials  36,838,673  30,777,116  6,061,557  - 
Health Care  138,030,706  138,030,706  -  - 
Industrials  132,437,418  122,631,612  9,805,806  - 
Information Technology  234,886,844  234,886,844  -  - 
Materials  25,208,105  25,208,105  -  - 
Investment Companies  16,267,005  16,267,005  -  - 
Securities Lending Collateral  223,605,986  223,605,986  -  - 
Short-Term Investments  90,900,000  -  90,900,000  - 
Total Investments in Securities  $1,160,470,493  $1,046,429,195  $114,041,298  - 
 
Mid Cap Value Equity Fund         
Common Stocks         
Consumer Discretionary  $14,849,564  $14,849,564  -  - 
Consumer Staples  9,050,847  9,050,847  -  - 
Energy  10,495,569  10,495,569  -  - 
Financials  25,885,635  25,885,635  -  - 
Health Care  12,616,929  12,616,929  -  - 
Industrials  22,207,486  22,207,486  -  - 
Information Technology  8,938,923  8,938,923  -  - 
Materials  9,287,062  9,287,062  -  - 
Telecommunication Services  1,689,754  1,689,754  -  - 
Utilities  11,876,714  11,876,714  -  - 
Convertible Bonds         
Materials  222,690  -  $222,690  - 
Warrants  54,631  54,631  -  - 
Securities Lending Collateral  12,416,784  12,416,784  -  - 
Short-Term Investments  4,600,000  -  4,600,000  - 
Total Investments in Securities  $144,192,588  $139,369,898  $4,822,690  - 
 
Mid Value Fund         
Common Stocks         
Consumer Discretionary  $57,237,247  $55,606,009  $1,631,238  - 

 

257  

 


Consumer Staples  43,874,490  43,874,490  -  - 
Energy  35,093,410  35,093,410  -  - 
Financials  123,021,792  123,021,792  -  - 
Health Care  28,417,446  28,417,446  -  - 
Industrials  44,369,444  44,369,444  -  - 
Information Technology  27,294,066  27,294,066  -  - 
Materials  29,647,165  29,647,165  -  - 
Telecommunication Services  4,706,779  4,706,779  -  - 
Utilities  34,778,262  34,778,262  -  - 
Preferred Securities         
Financials  474,216  -  474,216  - 
Utilities  442,888  442,888  -  - 
Convertible Bonds         
Financials  404,250  -  404,250  - 
Materials  404,493  -  404,493  - 
Securities Lending Collateral  69,094,161  69,094,161  -  - 
Short-Term Investments  37,473,532  37,473,532  -  - 
Total Investments in Securities  $536,733,641  $533,819,444  $2,914,197  - 
 
Mutual Shares Fund         
Common Stocks         
Consumer Discretionary  $36,246,584  $28,526,667  $7,719,917  - 
Consumer Staples  86,494,028  61,068,287  25,425,741  - 
Energy  43,431,150  34,318,148  9,113,002  - 
Financials  53,687,164  44,230,252  9,456,912  - 
Health Care  55,580,993  55,580,993  -  - 
Industrials  21,488,037  17,351,562  4,136,475  - 
Information Technology  32,889,913  31,638,383  1,251,530  - 
Materials  15,791,480  11,081,975  4,709,505  - 
Telecommunication Services  7,825,670  -  7,825,670  - 
Utilities  12,627,342  7,705,017  4,922,325  - 
Corporate Bonds         
Consumer Discretionary  2,629,560  -  2,629,560  - 
Financials  310,562  -  310,562  - 
Utilities  3,604,650  -  3,604,650  - 
Convertible Bonds         
Financials  1,373,431  -  1,373,431  - 
Term Loans  12,607,249  -  12,607,249  - 

 

258  

 


Securities Lending Collateral  9,125,271  9,125,271  -  - 
Short-Term Investments  19,896,808  -  19,896,808  - 
Total Investments in Securities  $415,609,892  $300,626,555  $114,983,337  - 
Other Financial Instruments:         
Forward Foreign Currency Contracts  $2,255,333  -  $2,255,333  - 
 
Real Return Bond Fund         
U.S. Government & Agency Obligations  $641,657,074  -  $641,657,074  - 
Foreign Government Obligations  25,100,943  -  25,100,943  - 
Corporate Bonds  63,241,368  -  63,241,368  - 
Municipal Bonds  1,400,283  -  1,400,283  - 
Term Loans  1,962,669  -  1,962,669  - 
Collateralized Mortgage Obligations  24,851,505  -  24,851,505  - 
Asset Backed Securities  26,104,777  -  25,669,558  $435,219 
Options Purchased  105,355  -  105,355  - 
Short-Term Investments  1,958,909  -  1,958,909  - 
Total Investments in Securities  $786,382,883  -  $785,947,664  $435,219 
Other Financial Instruments:         
Futures  $222,295  $222,295  -  - 
Forward Foreign Currency Contracts  $1,780,682  -  $1,780,682  - 
Written Options  ($1,291,227)  -  ($1,228,679)  ($62,548) 
Interest Rate Swaps  $2,085,846  -  $2,085,846  - 
Credit Default Swaps  $315,329  -  $315,329  - 
 
Smaller Company Growth Fund         
Common Stocks         
Consumer Discretionary  $16,276,712  $16,276,712  -  - 
Consumer Staples  2,509,360  2,509,360  -  - 
Energy  10,406,353  10,406,353  -  - 
Financials  8,863,344  8,863,344  -  - 
Health Care  17,857,459  17,857,035  -  $424 
Industrials  18,354,024  18,354,024  -  - 
Information Technology  26,389,647  26,389,647  -  - 
Materials  4,943,646  4,943,646  -  - 
Telecommunication Services  3,620,997  3,620,997  -  - 
Utilities  20,595  20,595  -  - 
Warrants  258  -  $258  - 
Securities Lending Collateral  27,117,273  27,117,273  -  - 

 

259  

 


Short-Term Investments  1,421,323  51,323  1,370,000  - 
Total Investments in Securities  $137,780,991  $136,410,309  $1,370,258  $424 
Other Financial Instruments:         
Futures  ($16,965)  ($16,965)  -  - 
 
Spectrum Income Fund         
U.S. Government & Agency Obligations  $258,128,895  -  $258,128,895  - 
Foreign Government Obligations  141,192,123  -  140,968,523  $223,600 
Corporate Bonds  437,325,268  -  437,325,268  - 
Capital Preferred Securities  1,740,770  -  1,740,770  - 
Municipal Bonds  8,505,741  -  8,505,741  - 
Term Loans  15,446,216  -  15,446,216  - 
Collateralized Mortgage Obligations  29,009,933  -  28,799,933  210,000 
Asset Backed Securities  18,153,639  -  18,153,639  - 
Common Stocks  144,728,286  $142,988,008  1,740,278  - 
Preferred Securities  4,795,741  $3,983,263  812,478  - 
Securities Lending Collateral  12,725,635  12,725,635  -  - 
Rights  10,092  10,092  -  - 
Short-Term Investments  27,167,011  25,791,809  1,375,202  - 
Total Investments in Securities  $1,098,929,350  $185,498,807  $912,996,943  $433,600 
Other Financial Instruments:         
Futures  ($127,707)  ($127,707)  -  - 
Forward Foreign Currency Contracts  $1,181,656  -  $1,181,656  - 
Credit Default Swaps  ($16,922)  -  ($16,922)  - 
 
Strategic Equity Allocation Fund         
Common Stocks         
Consumer Discretionary  $270,954,314  $226,039,699  $44,914,615  - 
Consumer Staples  250,030,940  198,850,827  51,180,113  - 
Energy  246,244,434  202,843,206  43,401,228  - 
Financials  413,708,550  309,911,911  103,796,639  - 
Health Care  261,426,827  227,183,348  34,242,633  $846 
Industrials  270,797,284  221,921,878  48,875,406  - 
Information Technology  398,614,754  370,165,926  28,448,828  - 
Materials  128,150,355  80,183,124  47,967,231  - 
Telecommunication Services  85,908,282  58,335,457  27,572,825  - 
Utilities  92,005,651  74,113,624  17,892,027  - 
Preferred Securities         

 

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Consumer Discretionary  1,324,840  109,039  1,215,801  - 
Consumer Staples  553,150  178,040  375,110  - 
Energy  1,771,814  1,771,814  -  - 
Financials  3,258,410  3,258,410  -  - 
Industrials  98,221  91,440  6,781  - 
Information Technology  320,594  -  320,594  - 
Materials  2,474,063  2,459,061  15,002  - 
Telecommunication Services  458,936  458,936  -  - 
Utilities  874,812  837,225  37,587  - 
Investment Companies  6,838,043  6,838,043  -  - 
Rights  35,692  35,576  116  - 
Warrants  152,656  152,600  56  - 
Securities Lending Collateral  77,641,042  77,641,042  -  - 
Short-Term Investments  108,347,000  -  108,347,000  - 
Total Investments in Securities  $2,621,990,664  $2,063,380,226  $558,609,592  $846 
Other Financial Instruments:         
Futures  ($6,595,446)  ($6,595,446)  -  - 
 
Total Return Fund         
U.S. Government & Agency Obligations  $2,440,659,364  -  $2,440,659,364  - 
Foreign Government Obligations  145,395,804  -  145,395,804  - 
Corporate Bonds  580,749,830  -  580,749,830  - 
Term Loans  5,631,531  -  5,631,531  - 
Municipal Bonds  105,351,539  -  105,351,539  - 
Capital Preferred Securities  27,173,399  -  27,173,399  - 
Collateralized Mortgage Obligations  139,192,121  -  139,192,121  - 
Asset Backed Securities  23,611,770  -  23,611,770  - 
Preferred Securities  24,586,308  $24,586,308  -  - 
Escrow Certificates  2,500  -  -  $2,500 
Short-Term Investments  48,661,246  -  48,661,246  - 
Total Investments in Securities  $3,541,015,412  $24,586,308  $3,516,426,604  $2,500 
Sale Commitments Outstanding  ($5,963,112)  -  ($5,963,112)  - 
Other Financial Instruments:         
Futures  $1,086,970  $1,086,970  -  - 
Forward Foreign Currency Contracts  $12,029,205  -  $12,029,205  - 
Written Options  ($906,564)  -  ($872,009)  ($34,555) 
Interest Rate Swaps  ($4,888,900)  -  ($4,888,900)  - 
Credit Default Swaps  $2,751,516  -  $2,751,516  - 

 

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U.S. High Yield Bond Fund         
Corporate Bonds  $527,028,837  -  $527,028,837  - 
Capital Preferred Securities  1,106,452  -  1,106,452  - 
Term Loans  81,761,377  -  81,761,377  - 
Common Stocks  33,750  -  33,750  - 
Preferred Securities  863,100  $825,120  -  $37,980 
Short-Term Investments  20,418,655  20,288,387  130,268  - 
Total Investments in Securities  $631,212,171  $21,113,507  $610,060,684  $37,980 
 
Value Fund         
Common Stock         
Consumer Discretionary  $20,818,144  $20,818,144  -  - 
Consumer Staples  10,002,993  10,002,993  -  - 
Energy  10,874,668  10,874,668  -  - 
Financials  30,637,576  30,637,576  -  - 
Health Care  9,101,305  9,101,305  -  - 
Industrials  13,031,350  13,031,350  -  - 
Information Technology  21,988,670  21,988,670  -  - 
Materials  11,492,137  11,492,137  -  - 
Telecommunication Services  6,328,412  6,328,412  -  - 
Utilities  11,199,370  11,199,370  -  - 
Preferred Securities  1,577,685  -  $1,577,685  - 
Short-Term Investments  12,849,326  12,849,326  -  - 
Convertible Bonds  1,637,135  -  1,637,135  - 
Total Investments in Securities  $161,538,771  $158,323,951  $3,214,820  - 

 

262  

 


The following tables show reconciliations of Level 3 assets for which significant unobservable inputs were used to determine fair value of the respective Funds. Transfers into or out of Level 3 represent the beginning value of any security or instrument where a change in the level has occurred from the beginning to the end of the period and in all cases were transferred into or out of Level 2. Securities were transferred into Level 3 because a lack of observable market data which resulted from an absence of market activity for these securities. In addition, securities were transferred from Level 3 since observable market data became available due to the increased market activity of these securities.

High Income Fund

    Collateralized       
  Corporate  Mortgage    Preferred   
  Bonds  Obligations  Common Stocks  Securities  Totals 
Balance as of 8-31-11  $12,544,663  $250,592  $6,020,920  $12,552,505  $31,368,680 
Realized gain (loss)  (363,495)  -  -  -  (363,495) 
Change in unrealized appreciation           
(depreciation)  2,264,588  57,423  (3,257,906)  (84,245)  (1,020,140) 
Purchases  61,488  2,442  -  -  63,930 
Sales  (4,094,653)  (117,115)  -  -  (4,211,768) 
Transfers into Level 3  -  461,685  -  -  461,685 
Transfers out of Level 3  -  -  -  -  - 
Balance as of 5-31-12  $10,412,591  $655,027  $2,763,014  $12,468,260  $26,298,892 
Change in unrealized at period end*  $706,893  $57,423  ($3,257,906)  ($84,245)  ($2,577,835) 

 

High Yield Fund

 

  Foreign    Capital             
  Government  Corporate  Preferred  Term  Common  Preferred  Escrow     
  Obligations  Bonds  Securities  Loans  Stocks  Securities  Certificates  Warrants  Totals 
Balance as of 8-31-11  $84,638  $5,454,000  -  $9,194  $9,239,080  $964,500  -  $118,965  $15,870,377 
Realized gain (loss)  -  -  -  -  423,335  431,874  -  -  855,209 
Change in unrealized appreciation                   
(depreciation)  (1,525)  (4,523)  ($83,250)  2,812,544  645,351  16,826  $90,313  32,445  3,508,181 
Purchases  -  2,003,244  907,425  -  833,151  -  -  -  3,743,820 
Sales  -  -  -  (2,821,738)  (423,335)  (448,700)  -  -  (3,693,773) 
Transfers into Level 3  -  221  -  -  -  -  108,375  -  108,596 
Transfers out of Level 3  -  (5,454,000)  -  -  -  -  -  -  (5,454,000) 
Balance as of 5-31-12  $83,113  $1,998,942  $824,175  -  $10,717,582  $964,500  $198,688  $151,410  $14,938,410 
Change in unrealized at period end*  ($1,525)  ($4,523)  ($83,250)  -  $970,431  -  $90,313  $32,445  $1,003,891 

 

* Change in unrealized appreciation (depreciation) attributable to level 3 securities held at the period end.

 

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The valuation techniques and significant amounts of unobservable inputs used in the fair value measurement of the High Income Fund’s Level 3 securities are outlined in the table below:

  Fair Value at  Valuation  Unobservable   
High Income Fund  5-31-12  Technique  Inputs  Range 
 
Corporate Bonds  $  9,381,426  Market Approach  Offered quotes  $91.00-$96.82 
          (weighted average: $93.67) 
  1,031,165  Market Approach  Market comparable companies  $57.55 
 
 
  10,412,591       
 
Collateralized Mortgage Obligations  $  655,027  Market Approach  Offered quotes  $0.63 
 
Common Stocks  $  416,172  Market Approach  EBITDA multiple  $52.72 
        Discount for lack of marketability  10% 
  1,996,734  Market Approach  Book value multiple  $7.15 
        Discount for lack of marketability  10% 
    350,108  Market Approach  Offered quotes  $2.00 
 
 
  2,763,014       
 
Preferred Securities  $  12,468,260  Market Approach  EBITDA multiple  $74.00 
        Discount for lack of marketability  10% 

 

Increases/decreases in unobservable inputs from offered quotes, market comparable companies, EBITDA multiples, book value multiples or discounts for lack of marketability may result in increases/decreases in security valuation.

Repurchase agreements. The Funds may enter into repurchase agreements. When a Fund enters into a repurchase agreement, it receives collateral which is held in a segregated account by the Fund’s custodian. The collateral amount is marked-to-market and monitored on a daily basis to ensure that the collateral held is in an amount not less than the principal amount of the repurchase agreement plus any accrued interest. In the event of a default by the counterparty, realization of the collateral proceeds could be delayed, during which time the collateral value may decline. Collateral for certain tri-party repurchase agreements is held at a third-party custodian bank in a segregated account for the benefit of the Funds.

When-issued/delayed delivery securities. The Funds may purchase or sell debt securities on a when-issued or delayed-delivery basis, or in a “To Be Announced” (TBA) or “forward commitment” transaction, with delivery or payment to occur at a later date beyond the normal settlement period. TBA securities resulting from these transactions are included in the Portfolio of Investments or in a schedule to the Portfolio of Investments (Sale Commitments Outstanding). At the time that a Fund enters into a commitment to purchase or sell a security, the transaction is recorded and the value of the security is reflected in the Fund’s net asset value. The price of such security and the date that the security will be delivered and paid for are fixed at the time the transaction is negotiated. The value of the security may vary with market fluctuations. No interest accrues to the Fund until payment takes place. At the time that the Fund enters into this type of transaction, the Fund is required to have sufficient cash and/or liquid securities to cover its commitments.

264  

 


Certain risks may arise upon entering into when-issued or delayed-delivery securities transactions, including the potential inability of counterparties to meet the terms of their contracts, and the issuer’s failure to issue the securities due to political, economic or other factors. Additionally, losses may arise due to declines in the value of the securities prior to settlement date.

Term loans (Floating rate loans). The Funds may invest in term loans, which often include debt securities that are rated below investment grade at the time of purchase. Term loans are generally subject to legal or contractual restrictions on resale. The liquidity of term loans, including the volume and frequency of secondary market trading in such loans, varies significantly over time and among individual loans. During periods of infrequent trading, valuing a term loan can be more difficult and buying and selling a term loan at an acceptable price can be more difficult and delayed, which could result in a loss.

A Fund’s ability to receive payments of principal, interest and other amounts in connection with term loans will depend primarily on the financial condition of the borrower. A Fund’s failure to receive scheduled payments on a term loan due to a default, bankruptcy or other reason would adversely affect the Fund’s income and would likely reduce the value of its assets. Because many term loans are not rated by independent credit rating agencies, a decision to invest in a particular loan could depend exclusively on the subadviser’s credit analysis of the borrower and/or term loan agents. A Fund may have limited rights to enforce the terms of an underlying loan.

At May 31, 2012, High Yield Fund had $564,066 in unfunded loan commitments outstanding.

Inflation indexed bonds. Inflation-indexed bonds are securities that generally have a lower coupon interest rate fixed at issuance but whose principal value is periodically adjusted to a rate of inflation, such as the Consumer Price Index. Over the life of an inflation-indexed bond, interest is paid on the inflation adjusted principal value as described above. Increases in the principal amount of these securities are recorded as interest income. Decreases in the principal amount of these securities may reduce interest income to the extent of income previously recorded. Excess amounts are recorded as an adjustment to cost.

Payment-in-kind bonds. The Funds may invest in payment-in-kind bonds (PIK Bonds). PIK Bonds allow the issuer, at its option, to make current interest payments on the bonds either in cash or in additional bonds. The market prices of PIK Bonds are affected to a greater extent by interest rate changes and thereby tend to be more volatile than securities which pay cash interest periodically. The Funds accrue income on these securities and this income is required to be distributed to shareholders. Because no cash is received at the time income accrues on these securities, the Funds may need to sell other investments to make distributions.

Real estate investment trusts. The Funds may invest in real estate investment trusts (REITs) and, as a result, will estimate the components of distributions from these securities. Such estimates are revised when actual components of distributions are known. Distributions from REITs received in excess of income may be recorded as a reduction of cost of investments and/or as a realized gain.

Stripped securities. Stripped mortgage-backed securities are financial instruments structured to separate principal and interest cash flows so that one class receives only principal payments from the underlying mortgage assets (PO or principal only), while the other class receives the interest cash flows (IO or interest only). Both PO and IO investments represent an interest in the cash flows of an underlying stripped mortgage-backed security. If the underlying mortgage assets experience greater than anticipated prepayments of principal, the Funds may fail to fully recover its initial investment in an IO security. The market value of these securities can be extremely volatile in response to changes in interest rates. In addition, these securities present additional credit risk such that the Funds may not receive all or part of its principal or interest payments because the borrower or issuer has defaulted on its obligation.

Cost of investment securities for federal income tax purposes. The costs of investments owned on May 31, 2012, including short-term investments, for federal income tax purposes, were as follows:

265  

 


        Net Unrealized 
    Unrealized  Unrealized  Appreciation 
Fund  Aggregate Cost  Appreciation  Depreciation  (Depreciation) 
Active Bond Fund  $1,659,834,027  $64,093,608  ($20,215,851)  $43,877,757 
All Cap Core Fund  616,888,305  48,416,723  (23,070,713)  25,346,010 
All Cap Value Fund  799,269,862  53,714,241  (26,561,928)  27,152,313 
Alpha Opportunities Fund  1,493,632,686  51,529,827  (67,737,431)  (16,207,604) 
Blue Chip Growth Fund  1,531,221,403  749,403,554  (10,909,984)  738,493,570 
Capital Appreciation Fund  1,393,766,982  490,430,951  (25,476,931)  464,954,020 
Capital Appreciation Value Fund  1,465,717,593  86,157,142  (17,334,295)  68,822,847 
Core Bond Fund  766,581,095  14,187,915  (1,153,354)  13,034,561 
Core Diversified Growth & Income Portfolio  28,806,129  2,157,392  (471,944)  1,685,448 
Core Fundamental Holdings Portfolio  13,184,103  1,068,475  (183,459)  885,016 
Core Global Diversification Portfolio  32,744,387  578,248  (640,006)  (61,758) 
Emerging Markets Debt Fund  13,502,459  278,564  (414,623)  (136,059) 
Equity-Income Fund  1,510,980,156  151,453,883  (78,785,930)  72,667,953 
Fundamental Value Fund  1,130,744,126  277,495,806  (54,844,573)  222,651,233 
Global Bond Fund  1,244,134,495  21,630,119  (54,688,898)  (33,058,779) 
Global Real Estate Fund  491,472,194  28,081,491  (8,615,611)  19,465,880 
Health Sciences Fund  309,458,025  64,142,000  (5,843,439)  58,298,561 
Heritage Fund  151,344,692  40,472,097  (5,688,989)  34,783,108 
High Income Fund  377,033,877  28,790,006  (39,243,719)  (10,453,713) 
High Yield Fund  1,052,036,430  27,111,632  (61,833,938)  (34,722,306) 
International Growth Stock Fund  339,303,386  13,289,352  (24,723,837)  (11,434,485) 
International Opportunities Fund  208,712,585  20,736,654  (10,142,714)  10,593,940 
International Small Cap Fund  304,249,497  52,160,361  (39,664,303)  12,496,058 
International Small Company Fund  248,854,912  22,676,490  (64,454,683)  (41,778,193) 
International Value Fund  1,488,426,335  75,890,798  (378,984,573)  (303,093,775) 
Investment Quality Bond Fund  543,510,226  23,823,039  (2,282,418)  21,540,621 
Mid Cap Growth Index Fund  35,673,598  6,903,322  (2,135,065)  4,768,257 
Mid Cap Stock Fund  1,092,994,826  118,761,508  (51,285,841)  67,475,667 
Mid Cap Value Equity Fund  119,687,875  33,204,461  (8,699,748)  24,504,713 
Mid Cap Value Index Fund  33,177,223  3,093,378  (1,928,583)  1,164,795 
Mid Value Fund  527,540,805  47,796,061  (38,603,225)  9,192,836 
Mutual Shares Fund  414,523,193  32,622,253  (31,535,554)  1,086,699 
Real Estate Equity Fund  170,143,912  50,407,617  (167,474)  50,240,143 
Real Estate Securities Fund  436,263,778  84,171,177  (1,525,506)  82,645,671 

 

266  

 


Real Return Bond Fund  755,448,745  36,693,244  (5,759,106)  30,934,138 
Redwood Fund  339,315,135  18,942,440  (26,650,758)  (7,708,318) 
Retirement Choices 2010 Portfolio (formerly Retirement 2010 Portfolio)  154,585,367  471,161  (832,856)  (361,695) 
Retirement Choices 2015 Portfolio (formerly Retirement 2015 Portfolio)  222,515,255  597,901  (2,202,651)  (1,604,750) 
Retirement Choices 2020 Portfolio (formerly Retirement 2020 Portfolio)  326,593,112  666,796  (7,180,325)  (6,513,529) 
Retirement Choices 2025 Portfolio (formerly Retirement 2025 Portfolio)  381,668,920  548,370  (12,102,896)  (11,554,526) 
Retirement Choices 2030 Portfolio (formerly Retirement 2030 Portfolio)  310,749,035  339,571  (12,351,551)  (12,011,980) 
Retirement Choices 2035 Portfolio (formerly Retirement 2035 Portfolio)  245,909,100  222,064  (10,594,109)  (10,372,045) 
Retirement Choices 2040 Portfolio (formerly Retirement 2040 Portfolio)  166,591,585  152,803  (7,472,466)  (7,319,663) 
Retirement Choices 2045 Portfolio (formerly Retirement 2045 Portfolio)  126,104,100  121,094  (5,757,958)  (5,636,864) 
Retirement Choices 2050 Portfolio (formerly Retirement 2050 Portfolio)  61,118,881  66,305  (2,771,483)  (2,705,178) 
Short Term Government Income Fund  192,968,508  1,901,136  (136,108)  1,765,028 
Small Cap Growth Fund  172,912,885  19,777,583  (7,550,556)  12,227,027 
Small Cap Opportunities Fund  153,984,748  32,106,676  (11,185,090)  20,921,586 
Small Cap Value Fund  119,943,393  36,904,733  (2,919,958)  33,984,775 
Small Company Growth Fund  111,965,925  25,230,709  (5,221,624)  20,009,085 
Small Company Value Fund  343,703,405  87,218,250  (16,053,668)  71,164,582 
Smaller Company Growth Fund  131,116,029  13,856,103  (7,191,141)  6,664,962 
Spectrum Income Fund  1,072,782,171  49,270,134  (23,122,955)  26,147,179 
Strategic Equity Allocation Fund  2,760,887,409  29,446,411  (168,343,156)  (138,896,745) 
Total Return Fund  3,485,663,818  92,407,243  (37,055,649)  55,351,594 
U.S. High Yield Bond Fund  622,666,065  22,627,392  (14,081,286)  8,546,106 
Value Fund  133,838,902  33,691,720  (5,991,851)  27,699,869 

 

Futures. A futures contract is a contractual agreement to buy or sell a particular commodity, currency or financial instrument at a pre-determined price in the future. Risks related to the use of futures contracts include possible illiquidity of the futures markets and contract prices that can be highly volatile and imperfectly correlated to movements in hedged security values and/or interest rates.

The following table summarizes the contracts held at May 31, 2012, and the range of futures contracts notional amounts held by the Funds during the period ended May 31, 2012. In addition the table details how the Funds used futures contracts during the period ended May 31, 2012.

Active Bond Fund

The Fund used futures contracts to manage duration. During the period ended May 31, 2012, the Fund held futures contracts with total values ranging up to approximately $14.9 million, as measured at each quarter end. At May 31, 2012 the Fund held no futures contracts.

All Cap Core Fund

267  

 


The Fund used futures contracts to maintain diversity and liquidity of the Fund and as a substitute for securities purchased. During the period ended May 31, 2012, the Fund held futures contracts with total values ranging from approximately $6.0 million to $9.0 million, as measured at each quarter end.

            Unrealized 
    Number of    Expiration    Appreciation 
Fund  Open Contracts  Contracts  Position  Date  Value  (Depreciation) 
All Cap Core Fund  Russell 2000 Mini Index Futures  13  Long  Jun 2012  $989,430  ($66,788) 
  S&P 500 E-Mini Index Futures  122  Long  Jun 2012  7,986,120  (354,107) 
            ($420,895) 

 

Emerging Markets Debt Fund

The Fund used futures contracts to manage against anticipated interest rate changes. During the period end May 31, 2012, the Fund held futures contracts with the total values up to approximately $0.7 million. At May 31, 2012, the Fund held no futures contracts.

Global Bond Fund

The Fund used futures contracts to manage duration, manage against anticipated interest rate changes, maintain diversity and liquidity of the Fund and as a substitute for securities purchased. During the period ended May 31, 2012, the Fund held futures contracts with total values ranging from approximately $170.5 million to $571.1 million, as measured at each quarter end.

            Unrealized 
    Number of    Expiration    Appreciation 
Fund  Open Contracts  Contracts  Position  Date  Value  (Depreciation) 
Global Bond Fund  10-Year Japan Government Bond Futures  42  Long  Jun 2012  $76,973,201  $261,295 
  Eurodollar Futures  1,103  Long  Sep 2012  274,219,588  (125,301) 
  Euro BTP Italian Government Bond Futures  27  Long  Jun 2012  3,323,194  (81,712) 
  German Euro BOBL Futures  379  Long  Jun 2012  59,493,047  1,310,811 
  German Euro BUND Futures  128  Long  Jun 2012  23,112,470  718,459 
  German Euro BUND Futures  35  Long  Aug 2012  433  (37) 
  U.S. Treasury 10-Year Note Futures  41  Long  Sep 2012  5,491,438  55,501 
  U.S. Treasury 30-Year Bond Futures  342  Long  Sep 2012  51,203,813  242,417 
  3-Year Australian Treasury Bond Futures  540  Short  Jun 2012  (58,470,860)  (1,461,694) 
  10-Year Canada Government Bond Futures  83  Short  Sep 2012  (11,108,990)  (103,134) 
  German Euro BUND Futures  20  Short  Jun 2012  (7,172)  17,290 
  German Euro BUND Futures  76  Short  Jun 2012  (36,650)  80,120 
  U.K. Long Gilt Bond Futures  41  Short  Sep 2012  (7,620,618)  (130,849) 
            $783,166 

 

High Yield Fund

 

268  

 


The Fund used futures contracts to manage against anticipated interest rate changes. During the period ended May 31, 2012, the Fund held futures contracts with total values up to approximately $60.3 million, as measured at each quarter end. At May 31, 2012, the Fund held no futures contracts.

International Small Company Fund

The Fund used futures contracts as a substitute for securities purchased. During the period end May 31, 2012, the Fund held futures contracts with the total values up to approximately $14.6 million. At May 31, 2012, the Fund held no futures contracts.

Investment Quality Bond Fund

The Fund used futures contracts to manage duration, manage against anticipated interest rate changes and as a substitute for securities purchased. During the period ended May 31, 2012, the Fund held futures contracts with total values ranging from approximately $67.4 million to $167.1 million, as measured at each quarter end.

            Unrealized 
    Number of    Expiration    Appreciation 
Fund  Open Contracts  Contracts  Position  Date  Value  (Depreciation) 
Investment Quality Bond Fund  U.K. Long Gilt Bond Futures  29  Long  Sep 2012  $5,390,193  $97,840 
  U.S. Treasury 2-Year Note Futures  124  Long  Sep 2012  27,330,375  15,356 
  U.S. Treasury 5-Year Note Futures  83  Long  Sep 2012  10,307,563  35,558 
  10-Year Australian Treasury Bond Futures  53  Short  Jun 2012  (6,561,403)  (109,008) 
  German Euro Schatz Futures  102  Short  Jun 2012  (13,973,804)  (20,903) 
  U.S. Treasury 10-Year Note Futures  29  Short  Sep 2012  (3,884,188)  (26,038) 
            ($7,195) 

 

Mid Cap Growth Index Fund

The Fund used futures contracts as a substitute for securities purchased. During the period ended May 31, 2012, the Fund held futures contracts with total values ranging from approximately $0.6 million to $2.1 million, as measured at each quarter end.

            Unrealized 
    Number of    Expiration    Appreciation 
Fund  Open Contracts  Contracts  Position  Date  Value  (Depreciation) 
Mid Cap Growth Index Fund  S&P MidCap 400 E-Mini Index Futures  6  Long  Jun 2012  $554,880  ($3,020) 
            ($3,020) 

 

Mid Cap Value Index Fund

The Fund used futures contracts as a substitute for securities purchased. During the period ended May 31, 2012, the Fund held futures contracts with total values ranging from approximately $0.4 million to $1.2 million, as measured at each quarter end.

            Unrealized 
    Number of    Expiration    Appreciation 
Fund  Open Contracts  Contracts  Position  Date  Value  (Depreciation) 
Mid Cap Value Index Fund  S&P MidCap 400 E-Mini Index Futures  4  Long  Jun 2012  $369,920  ($13,680) 
            ($13,680) 

 

269  

 


Real Return Bond Fund

The Fund used futures contracts to manage duration, manage against anticipated interest rate changes, maintain diversity and liquidity of the Fund and as a substitute for securities purchased. During the period ended May 31, 2012, the Fund held futures contracts with total values ranging from approximately $85.4 million to $270.3 million, as measured at each quarter end.

            Unrealized 
    Number of    Expiration    Appreciation 
Fund  Open Contracts  Contracts  Position  Date  Value  (Depreciation) 
Real Return Bond Fund  Eurodollar Futures  178  Long  Dec 2013  $44,197,400  $368,468 
  Eurodollar Futures  96  Long  Mar 2015  23,760,000  123,262 
  Eurodollar Futures  40  Long  Jun 2015  9,888,500  64,947 
  German Euro BUND Futures  42  Short  Jun 2012  (7,583,779)  (334,382) 
            $222,295 

 

Short Term Government Income Fund

The Fund used futures contracts to manage duration. During the period ended May 31, 2012, the Fund held futures contracts with total values ranging up to approximately $14.9 million, as measured at each quarter end.

            Unrealized 
    Number of    Expiration    Appreciation 
Fund  Open Contracts  Contracts  Position  Date  Value  (Depreciation) 
Short Term Government Income             
Fund  U.S. Treasury 5-Year Note Futures  120  Short  Sep 2012  ($14,902,500)  ($56,590) 
            ($56,590) 

 

Smaller Company Growth Fund

The Fund used futures contracts as a substitute for securities purchased. During the period ended May 31, 2012, the Fund held futures contracts with total values ranging from approximately $0.5 million to $1.2 million, as measured at each quarter end.

            Unrealized 
    Number of    Expiration    Appreciation 
Fund  Open Contracts  Contracts  Position  Date  Value  (Depreciation) 
Smaller Company Growth Fund  Russell 2000 Mini Index Futures  6  Long  Jun 2012  $456,660  ($16,965) 
            ($16,965) 

 

Spectrum Income Fund

The Fund used futures contracts to manage duration, manage against anticipated interest rate changes and as a substitute for securities purchased. During the period ended May 31, 2012, the Fund held futures contracts with total values ranging from approximately $10.6 million to $27.0 million, as measured at each quarter end.

270  

 


            Unrealized 
    Number of    Expiration    Appreciation 
Fund  Open Contracts  Contracts  Position  Date  Value  (Depreciation) 
Spectrum Income Fund  U.S. Treasury 10-Year Note Futures  13  Long  Sep 2012  $1,741,188  ($2,074) 
  U.S. Treasury 30-Year Note Futures  2  Long  Sep 2012  299,438  4,304 
  Ultra Long U.S. Treasury Bond Futures  13  Long  Sep 2012  2,197,000  22,772 
  10-Year Government of Canada Bond           
  Futures  18  Short  Sep 2012  (2,409,178)  (23,663) 
  U.S. Treasury 5-Year Note Futures  38  Short  Sep 2012  (4,719,125)  (15,457) 
  U.S. Treasury 10-Year Note Futures  117  Short  Sep 2012  (15,670,688)  (113,589) 
            ($127,707) 

 

Strategic Equity Allocation Fund

The Fund used futures contracts to manage against anticipated currency exchange rate changes, manage against anticipated changes in securities markets, maintain diversity and liquidity of the Fund and as a substitute for securities purchased. During the period ended May 31, 2012, the Fund held futures contracts as represented below.

            Unrealized 
    Number of    Expiration    Appreciation 
Fund  Open Contracts  Contracts  Position  Date  Value  (Depreciation) 
Strategic Equity Allocation Fund  CAD Currency Futures  23  Long  Jun 2012  $2,225,710  ($69,608) 
  MSCI EAFE Mini Index Futures  358  Long  Jun 2012  23,887,550  (1,734,050) 
  MSCI Emerging Market E-Mini Futures  157  Long  Jun 2012  7,123,875  (459,576) 
  Russell 2000 Mini Index Futures  127  Long  Jun 2012  9,665,970  (394,617) 
  S&P 500 Index Futures  231  Long  Jun 2012  75,606,300  (3,437,601) 
  S&P Midcap 400 E-Mini Index Futures  129  Long  Jun 2012  11,929,920  (459,451) 
  S&P TSE 60 Index Futures  18  Long  Jun 2012  2,285,095  (40,543) 
            ($6,595,446) 

 

Total Return Fund

The Fund used futures contracts to manage duration, manage against anticipated interest rate changes, maintain diversity and liquidity of the Fund and as a substitute for securities purchased. During the period ended May 31, 2012, the Fund held futures contracts with total values ranging from approximately $183.2 million to $3.5 billion, as measured at each quarter end.

            Unrealized 
    Number of    Expiration    Appreciation 
Fund  Open Contracts  Contracts  Position  Date  Value  (Depreciation) 
Total Return Fund  Eurodollar Futures  119  Long  Mar 2015  $29,452,500  $28,135 
  Eurodollar Futures  214  Long  Jun 2015  52,903,475  (5,579) 

 

271  

 


Eurodollar Futures  63  Long  Sep 2015  15,554,700  21,173 
U.S. Treasury 10-Year Note Futures  391  Long  Sep 2012  52,369,563  445,749 
U.S. Treasury 30-Year Note Futures  220  Long  Sep 2012  32,938,125  597,492 
          $1,086,970 

 

Forward foreign currency contracts. A forward foreign currency contract is an agreement between two parties to buy and sell a specific currency at a price that is set on the date of the contract. The forward contract calls for delivery of the currency on a future date that is specified in the contract. Risks related to the use of forwards include the possible failure of counterparties to meet the terms of the forward agreement, the failure of the counterparties to timely post collateral and the risk that currency movements will not occur thereby reducing a Fund’s total return.

The market value of a forward foreign currency contract fluctuates with changes in foreign currency exchange rates. Forward foreign currency contracts are marked-to-market daily and the change in value is recorded by the Funds as an unrealized gain or loss. Realized gains or losses, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed, are recorded upon delivery or receipt of the currency or settlement with the counterparty.

The following table summarizes the contracts held at May 31, 2012, and the range of notional contract amounts held by the Funds during the period ended May 31, 2012. In addition, the table details how the Funds used forward foreign currency contracts during the period ended May 31, 2012.

Active Bond Fund

The Fund used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended May 31, 2012, the Fund held forward foreign currency contracts with USD notional values ranging up to approximately $6.7 million, as measured at each quarter end. At May 31, 2012, the Fund held no forward foreign currency contracts.

Alpha Opportunities Fund

The Fund used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended May 31, 2012, the Fund held forward foreign currency contracts with USD notional values ranging up to approximately $6.7 million, as measured at each quarter end. At May 31, 2012, the Fund held no forward foreign currency contracts.

Capital Appreciation Value Fund

The Fund used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended May 31, 2012, the Fund held forward foreign currency contracts with USD notional values ranging up to approximately $15.2 million, as measured at each quarter end. At May 31, 2012, the Fund held no forward foreign currency contracts.

Emerging Markets Debt Fund

The Fund used forward foreign currency contracts to manage against anticipated currency exchange rate changes, gain exposure to foreign currencies and to maintain diversity and liquidity of the Fund. During the period ended May 31, 2012, the Fund held forward foreign currency contracts with USD notional values ranging from approximately $0.1 million to $4.5 million, as measured at each quarter end.

      Principal Amount      Unrealized 
    Principal Amount  Covered by Contract    Settlement  Appreciation 
Fund  Currency  Covered by Contract  (USD)  Counterparty  Date  (Depreciation) 

 

272  

 


Emerging Markets             
Debt Fund  Buys           
  Canadian Dollar  295,320  $300,000  Toronto Dominion Bank  6/18/2012  ($14,177) 
  Mexican Peso  1,940,445  151,955  Royal Bank of Canada  6/18/2012  (16,943) 
      $451,955      ($31,120) 
 
  Sells           
  Canadian Dollar  295,449  $300,000  Toronto Dominion Bank  6/18/2012  $14,052 
      $300,000      $14,052 

 

Global Bond Fund

The Fund used forward foreign currency contracts to manage against anticipated currency exchange rate changes, gain exposure to foreign currencies and to maintain diversity and liquidity of the Fund. During the period ended May 31, 2012, the Fund held forward foreign currency contracts with USD notional values ranging from approximately $945.0 million to $1.4 billion, as measured at each quarter end.

      Principal Amount      Unrealized 
    Principal Amount  Covered by Contract    Settlement  Appreciation 
Fund  Currency  Covered by Contract  (USD)  Counterparty  Date  (Depreciation) 
Global Bond Fund  Buys           
  Australian Dollar  1,029,000  $996,818  Barclays Bank  6/7/2012  $5,251 
  Australian Dollar  6,181,000  6,014,840  HSBC Bank  6/7/2012  4,391 
  Australian Dollar  114,000  115,041  Royal Bank of Canada  6/7/2012  (4,025) 
  Australian Dollar  141,000  138,222  Royal Bank of Scotland PLC  6/7/2012  (912) 
  Australian Dollar  9,449,000  9,705,118  UBS AG  6/7/2012  (503,417) 
  Brazilian Real  311,957  161,218  Barclays Capital  6/4/2012  (6,543) 
  Canadian Dollar  2,302,000  2,227,234  HSBC Bank  6/4/2012  1,407 
  Canadian Dollar  17,278,000  17,277,682  Barclays Bank  6/21/2012  (556,397) 
  Canadian Dollar  1,178,000  1,174,932  BNP Paribas SA  6/21/2012  (34,889) 
  Canadian Dollar  4,385,312  4,339,942  Citibank N.A.  6/21/2012  (95,929) 
  Canadian Dollar  8,428,000  8,273,917  Deutsche Bank AG  6/21/2012  (117,476) 
  Canadian Dollar  911,000  892,844  HSBC Bank  6/21/2012  (11,197) 
  Canadian Dollar  2,474,000  2,486,351  JPMorgan Chase Bank  6/21/2012  (92,065) 
  Canadian Dollar  3,673,293  3,692,146  Royal Bank of Canada  6/21/2012  (137,210) 
  Canadian Dollar  1,547,000  1,515,218  Royal Bank of Scotland PLC  6/21/2012  (18,064) 
  Canadian Dollar  2,591,000  2,587,438  UBS AG  6/21/2012  (79,923) 
  Chilean Peso  11,892,800  23,879  Barclays Capital  8/14/2012  (1,057) 
  Chinese Yuan Renminbi  11,402,580  1,801,441  Barclays Capital  6/1/2012  (11,116) 
  Chinese Yuan Renminbi  56,786,856  8,946,728  Citibank N.A.  6/1/2012  (30,595) 

 

273  

 


Chinese Yuan Renminbi  20,104,870  3,176,275  Credit Suisse  6/1/2012  (19,599) 
Chinese Yuan Renminbi  13,955,760  2,204,806  Deutsche Bank AG  6/1/2012  (13,605) 
Chinese Yuan Renminbi  25,724,160  4,064,041  Goldman Sachs  6/1/2012  (25,077) 
Chinese Yuan Renminbi  6,413,910  1,013,304  HSBC Bank  6/1/2012  (6,253) 
Chinese Yuan Renminbi  163,076,625  25,788,336  JPMorgan Chase Bank  6/1/2012  (183,590) 
Chinese Yuan Renminbi  20,722,240  3,273,811  Morgan Stanley  6/1/2012  (20,201) 
Chinese Yuan Renminbi  36,133,419  5,691,813  UBS AG  6/1/2012  (18,486) 
Chinese Yuan Renminbi  17,000,000  2,713,921  Deutsche Bank AG  8/5/2013  (58,556) 
Chinese Yuan Renminbi  42,000,000  6,738,328  Goldman Sachs  8/5/2013  (178,016) 
Chinese Yuan Renminbi  53,163,414  8,418,593  UBS AG  8/5/2013  (114,579) 
Chinese Yuan Renminbi  6,158,020  1,012,000  Barclays Capital  4/25/2014  (54,655) 
Chinese Yuan Renminbi  12,947,975  2,126,000  Citibank N.A.  4/25/2014  (113,068) 
Chinese Yuan Renminbi  4,762,380  782,000  Goldman Sachs  4/25/2014  (41,626) 
Chinese Yuan Renminbi  4,101,290  674,000  HSBC Bank  4/25/2014  (36,401) 
Chinese Yuan Renminbi  7,796,270  1,280,000  JPMorgan Chase Bank  4/25/2014  (67,968) 
Chinese Yuan Renminbi  7,939,353  1,301,000  Royal Bank of Scotland PLC  4/25/2014  (66,724) 
Chinese Yuan Renminbi  8,208,665  1,349,000  UBS AG  4/25/2014  (72,856) 
Chinese Yuan Renminbi  3,868,200  630,000  Bank of America N.A.  9/8/2015  (31,280) 
Chinese Yuan Renminbi  6,668,200  1,092,925  Barclays Capital  9/8/2015  (60,821) 
Chinese Yuan Renminbi  30,936,600  5,114,018  Citibank N.A.  9/8/2015  (325,653) 
Chinese Yuan Renminbi  3,950,000  653,595  JPMorgan Chase Bank  9/8/2015  (42,214) 
Chinese Yuan Renminbi  3,753,050  610,000  Morgan Stanley  9/8/2015  (29,103) 
Danish Krone  30,215,000  5,193,522  HSBC Bank  8/23/2012  (157,801) 
Euro  21,543,000  28,547,469  Barclays Bank  6/1/2012  (1,909,539) 
Euro  6,924,000  8,649,638  BNP Paribas SA  6/1/2012  (88,109) 
Euro  6,871,000  8,613,974  Citibank N.A.  6/1/2012  (117,979) 
Euro  7,929,000  10,183,411  Credit Suisse  6/1/2012  (379,199) 
Euro  7,476,000  9,725,355  Deutsche Bank AG  6/1/2012  (481,277) 
Euro  7,190,000  9,096,069  Goldman Sachs  6/1/2012  (205,630) 
Euro  6,463,000  8,140,149  HSBC Bank  6/1/2012  (148,646) 
Euro  6,337,000  7,970,334  JPMorgan Chase Bank  6/1/2012  (134,630) 
Euro  3,409,000  4,503,732  Morgan Stanley  6/1/2012  (288,502) 
Euro  4,365,000  5,683,195  Royal Bank of Canada  6/1/2012  (285,870) 
Euro  1,609,000  2,047,482  Royal Bank of Scotland PLC  6/1/2012  (57,952) 
Euro  383,000  502,770  Credit Suisse  6/14/2012  (29,170) 
Euro  2,623,000  3,273,884  Royal Bank of Scotland PLC  7/3/2012  (30,151) 

 

274  

 


Euro  285,000  357,236  UBS AG  7/3/2012  (4,791) 
Hong Kong Dollar  71,485,066  9,210,153  UBS AG  8/17/2012  2,014 
Indian Rupee  58,189,765  1,139,189  JPMorgan Chase Bank  7/12/2012  (110,489) 
Indonesian Rupiah  204,770,000  21,738  UBS AG  7/2/2012  (21) 
Japanese Yen  2,825,087,000  35,481,682  BNP Paribas SA  6/7/2012  572,098 
Japanese Yen  217,994,000  2,744,747  Barclays Bank  6/27/2012  37,867 
Japanese Yen  10,423,056,000  130,740,848  BNP Paribas SA  6/27/2012  2,305,653 
Japanese Yen  1,112,629,000  14,029,038  Deutsche Bank AG  6/27/2012  173,264 
Japanese Yen  335,331,000  4,240,134  HSBC Bank  6/27/2012  40,244 
Japanese Yen  863,863,000  10,764,514  Royal Bank of Canada  6/27/2012  262,382 
Japanese Yen  10,886,157,000  136,028,729  UBS AG  6/27/2012  2,929,087 
Malaysian Ringgit  113,917  36,937  JPMorgan Chase Bank  7/16/2012  (1,111) 
Mexican Peso  11,291,588  870,698  Barclays Bank  6/15/2012  (84,796) 
Mexican Peso  58,389,672  4,411,414  Deutsche Bank AG  6/15/2012  (347,459) 
Mexican Peso  39,184,007  3,052,712  HSBC Bank  6/15/2012  (325,482) 
Mexican Peso  123,791,655  9,377,792  JPMorgan Chase Bank  6/15/2012  (761,820) 
Mexican Peso  8,421,994  649,982  UBS AG  6/15/2012  (63,806) 
Mexican Peso  85,688,590  6,173,000  Barclays Bank  8/15/2012  (245,353) 
Mexican Peso  18,185,105  1,318,000  HSBC Bank  8/15/2012  (60,016) 
Mexican Peso  95,961,244  6,903,000  UBS AG  8/15/2012  (264,726) 
Mexican Peso  143,616,705  10,771,522  HSBC Bank  9/20/2012  (864,784) 
Norwegian Krone  7,967,000  1,333,766  UBS AG  6/28/2012  (32,058) 
Philippine Peso  1,395,310  32,091  Citibank N.A.  6/8/2012  (28) 
Pound Sterling  178,000  279,731  Bank of Nova Scotia  6/12/2012  (5,406) 
Pound Sterling  7,130,000  11,327,623  Barclays Bank  6/12/2012  (339,194) 
Pound Sterling  7,951,000  12,719,359  BNP Paribas SA  6/12/2012  (465,643) 
Pound Sterling  1,403,000  2,226,410  Citibank N.A.  6/12/2012  (64,171) 
Pound Sterling  2,818,000  4,562,427  Credit Suisse  6/12/2012  (219,454) 
Pound Sterling  3,772,000  5,959,081  Deutsche Bank AG  6/12/2012  (145,848) 
Pound Sterling  3,662,000  5,854,232  HSBC Bank  6/12/2012  (210,526) 
Pound Sterling  9,471,000  15,252,514  JPMorgan Chase Bank  6/12/2012  (656,244) 
Pound Sterling  4,265,000  6,804,253  Royal Bank of Canada  6/12/2012  (231,230) 
Pound Sterling  403,000  635,477  Royal Bank of Scotland PLC  6/12/2012  (14,392) 
Pound Sterling  13,000  20,376  HSBC Bank  7/3/2012  (343) 
South Korean Won  1,195,867,500  1,025,000  BNP Paribas SA  7/12/2012  (12,502) 
South Korean Won  639,735,200  548,000  Citibank N.A.  7/12/2012  (6,359) 

 

275  

 


South Korean Won  639,735,200  548,000  JPMorgan Chase Bank  7/12/2012  (6,359) 
South Korean Won  32,413,119  28,750  UBS AG  7/12/2012  (1,307) 
Swedish Krona  3,000,000  446,264  JPMorgan Chase Bank  6/1/2012  (33,297) 
Swedish Krona  22,748,000  3,177,361  Deutsche Bank AG  8/23/2012  (55,137) 
Swedish Krona  3,000,000  414,422  Royal Bank of Scotland PLC  8/23/2012  (2,664) 
Taiwan Dollar  805,375  27,163  Barclays Capital  6/5/2012  (180) 
    $725,755,124      ($6,898,939) 
 
Sells           
Australian Dollar  1,386,000  $1,344,420  Barclays Bank  6/6/2012  ($5,431) 
Australian Dollar  1,825,000  1,811,988  Barclays Bank  6/7/2012  34,752 
Australian Dollar  46,096,000  47,520,366  HSBC Bank  6/7/2012  2,630,791 
Australian Dollar  580,000  585,289  JPMorgan Chase Bank  6/7/2012  20,469 
Australian Dollar  1,757,000  1,749,747  Royal Bank of Canada  6/7/2012  38,731 
Australian Dollar  2,279,000  2,258,112  UBS AG  6/7/2012  38,758 
Brazilian Real  311,957  178,536  Morgan Stanley  6/4/2012  23,861 
Brazilian Real  311,957  159,552  Barclays Capital  8/2/2012  6,588 
Canadian Dollar  3,234,793  3,140,000  Citibank N.A.  6/6/2012  8,426 
Canadian Dollar  352,000  352,888  Barclays Bank  6/21/2012  12,229 
Canadian Dollar  97,000  97,542  BNP Paribas SA  6/21/2012  3,667 
Canadian Dollar  39,000  39,185  Citibank N.A.  6/21/2012  1,442 
Canadian Dollar  93,000  92,879  Deutsche Bank AG  6/21/2012  2,876 
Canadian Dollar  2,302,000  2,226,377  HSBC Bank  6/21/2012  (1,451) 
Canadian Dollar  140,000  140,730  JPMorgan Chase Bank  6/21/2012  5,241 
Canadian Dollar  14,237,000  13,777,320  Royal Bank of Canada  6/21/2012  (950) 
Chinese Yuan Renminbi  11,402,580  1,785,000  Barclays Capital  6/1/2012  (5,325) 
Chinese Yuan Renminbi  56,786,856  8,902,000  Citibank N.A.  6/1/2012  (14,134) 
Chinese Yuan Renminbi  20,104,870  3,149,000  Credit Suisse  6/1/2012  (7,676) 
Chinese Yuan Renminbi  13,955,760  2,184,000  Deutsche Bank AG  6/1/2012  (7,201) 
Chinese Yuan Renminbi  25,724,160  4,032,000  Goldman Sachs  6/1/2012  (6,964) 
Chinese Yuan Renminbi  6,413,910  1,005,000  HSBC Bank  6/1/2012  (2,051) 
Chinese Yuan Renminbi  163,076,625  25,763,721  JPMorgan Chase Bank  6/1/2012  158,975 
Chinese Yuan Renminbi  20,722,240  3,248,000  Morgan Stanley  6/1/2012  (5,610) 
Chinese Yuan Renminbi  36,133,419  5,658,000  UBS AG  6/1/2012  (15,327) 
Chinese Yuan Renminbi  14,743,000  2,300,000  JPMorgan Chase Bank  10/15/2012  (10,357) 
Chinese Yuan Renminbi  2,514,914  398,876  Barclays Capital  2/1/2013  5,180 

 

276  

 


Chinese Yuan Renminbi  54,634,542  8,522,000  Deutsche Bank AG  2/1/2013  (30,750) 
Chinese Yuan Renminbi  136,667,730  21,449,852  JPMorgan Chase Bank  2/1/2013  55,237 
Euro  7,764,000  9,796,455  Barclays Bank  6/1/2012  196,266 
Euro  7,270,000  9,526,857  Deutsche Bank AG  6/1/2012  537,499 
Euro  26,266,000  34,706,942  HSBC Bank  6/1/2012  2,229,019 
Euro  12,764,000  16,840,019  JPMorgan Chase Bank  6/1/2012  1,057,327 
Euro  3,117,000  3,966,439  Royal Bank of Scotland PLC  6/1/2012  112,267 
Euro  25,239,000  33,082,696  UBS AG  6/1/2012  1,874,659 
Euro  2,632,000  3,274,626  Citibank N.A.  6/6/2012  20,130 
Euro  1,984,000  2,458,186  Royal Bank of Scotland PLC  6/11/2012  4,897 
Euro  11,135,000  13,911,093  BNP Paribas SA  7/3/2012  140,993 
Euro  6,854,000  8,592,531  Citibank N.A.  7/3/2012  116,530 
Euro  4,184,000  5,257,447  Credit Suisse  7/3/2012  83,303 
Euro  7,190,000  9,097,471  Goldman Sachs  7/3/2012  205,956 
Euro  9,287,000  11,633,111  HSBC Bank  7/3/2012  148,341 
Euro  5,616,000  7,029,294  JPMorgan Chase Bank  7/3/2012  84,267 
Euro  4,638,000  5,793,730  UBS AG  7/3/2012  58,147 
Euro  715,000  906,967  Citibank N.A.  11/20/2012  21,155 
Euro  869,000  1,092,985  Credit Suisse  11/20/2012  16,383 
Euro  2,656,000  3,386,121  Deutsche Bank AG  11/20/2012  95,610 
Euro  1,072,000  1,351,047  UBS AG  11/20/2012  22,949 
Euro  794,000  1,003,537  Bank of America N.A.  5/20/2013  15,735 
Euro  2,655,000  3,404,241  Barclays Bank  5/23/2013  100,958 
Euro  879,000  1,119,745  Credit Suisse  5/23/2013  26,115 
Euro  982,000  1,242,858  UBS AG  5/23/2013  21,079 
Hong Kong Dollar  71,534,592  9,216,000  HSBC Bank  8/17/2012  (2,549) 
Indian Rupee  60,392,210  1,247,000  Deutsche Bank AG  7/12/2012  179,365 
Japanese Yen  3,550,195,000  43,731,200  Deutsche Bank AG  6/7/2012  (1,576,414) 
Japanese Yen  90,070,000  1,127,843  BNP Paribas SA  6/27/2012  (21,868) 
Mexican Peso  241,078,917  18,644,207  HSBC Bank  6/15/2012  1,864,971 
Mexican Peso  46,000,000  3,599,937  Barclays Bank  6/28/2012  402,910 
Mexican Peso  20,000,000  1,444,774  HSBC Bank  7/12/2012  56,800 
Mexican Peso  251,000,000  18,990,694  Morgan Stanley  7/26/2012  1,595,762 
Mexican Peso  143,000,000  11,110,369  Morgan Stanley  8/9/2012  1,213,298 
Mexican Peso  7,963,573  562,928  Barclays Bank  8/15/2012  12,035 
Mexican Peso  121,507,358  9,149,995  JPMorgan Chase Bank  8/15/2012  744,527 

 

277  

 


Mexican Peso  12,387,328  860,500  Morgan Stanley  8/15/2012  3,587 
Mexican Peso  180,685,584  12,963,744  UBS AG  8/15/2012  464,527 
Mexican Peso  140,000,000  10,795,805  UBS AG  8/23/2012  1,117,359 
Mexican Peso  195,000,000  15,156,226  HSBC Bank  9/20/2012  1,705,047 
Mexican Peso  143,616,705  10,784,878  UBS AG  9/20/2012  878,139 
Mexican Peso  20,000,000  1,542,615  UBS AG  10/4/2012  164,476 
Mexican Peso  86,549,798  6,472,223  Barclays Bank  10/18/2012  514,690 
Mexican Peso  305,058,177  22,901,900  HSBC Bank  10/18/2012  1,903,654 
New Zealand Dollar  37,137,000  28,734,029  UBS AG  6/28/2012  791,170 
Norwegian Krone  6,621,000  1,094,788  UBS AG  6/28/2012  13,000 
Philippine Peso  1,395,310  32,366  Citibank N.A.  6/8/2012  303 
Philippine Peso  1,395,310  31,893  Citibank N.A.  10/31/2012  117 
Pound Sterling  836,000  1,301,247  Credit Suisse  6/6/2012  12,804 
Pound Sterling  166,000  264,029  Barclays Bank  6/12/2012  8,197 
Pound Sterling  2,142,000  3,367,698  BNP Paribas SA  6/12/2012  66,545 
Pound Sterling  12,222,000  19,340,558  Citibank N.A.  6/12/2012  504,573 
Pound Sterling  4,882,000  7,651,410  Deutsche Bank AG  6/12/2012  127,495 
Pound Sterling  3,355,000  5,265,313  HSBC Bank  6/12/2012  94,740 
Pound Sterling  26,945,000  42,529,720  JPMorgan Chase Bank  6/12/2012  1,003,322 
Pound Sterling  1,680,000  2,676,055  Royal Bank of Canada  6/12/2012  86,916 
Pound Sterling  391,000  610,889  Royal Bank of Scotland PLC  6/12/2012  8,297 
Pound Sterling  13,897,000  21,809,730  UBS AG  6/12/2012  392,311 
Singapore Dollar  26,672  21,592  UBS AG  8/3/2012  890 
South African Rand  92,876  11,041  Deutsche Bank AG  7/26/2012  183 
South Korean Won  1,161,583,500  979,000  Barclays Capital  7/12/2012  (4,471) 
South Korean Won  1,168,008,000  984,000  Morgan Stanley  7/12/2012  (4,910) 
Swedish Krona  3,000,000  415,697  Royal Bank of Scotland PLC  6/1/2012  2,730 
Taiwan Dollar  805,375  27,370  UBS AG  6/5/2012  387 
Taiwan Dollar  805,375  27,329  Barclays Capital  11/30/2012  219 
    $689,825,370      $24,448,715 

 

Heritage Fund

The Fund used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended May 31, 2012, the Fund held foreign forward currency contracts with USD notional values ranging from approximately $1.1 million to $1.8 million, as measured at each quarter end.

      Principal Amount      Unrealized 
    Principal Amount  Covered by Contract    Settlement  Appreciation 
Fund  Currency  Covered by Contract  (USD)  Counterparty  Date  (Depreciation) 

 

278  

 


Heritage Fund  Sells           
  Euro  1,001,559  $1,253,353  UBS AG  6/29/2012  $14,795 
  Pound Sterling  352,929  552,197  Credit Suisse  6/29/2012  8,324 
      $1,805,550      $23,119 

 

High Income Fund

The Fund used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended May 31, 2012, the Fund held forward foreign currency contracts with USD notional values ranging from approximately $9.7 million to $10.8 million, as measured at each quarter end.

      Principal Amount      Unrealized 
    Principal Amount  Covered by Contract    Settlement  Appreciation 
Fund  Currency  Covered by Contract  (USD)  Counterparty  Date  (Depreciation) 
High Income Fund  Sells           
  Canadian Dollar  8,992,604  $9,048,433  Bank of Nova Scotia  6/18/2012  $345,019 
  Euro  514,388  665,474  State Street Bank & Trust Company  6/18/2012  29,396 
      $9,713,907      $374,415 

 

High Yield Fund

The Fund used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended May 31, 2012, the Fund held forward foreign currency contracts with USD notional values ranging from approximately $28.5 million to $35.9 million, as measured at each quarter end.

      Principal Amount      Unrealized 
    Principal Amount  Covered by Contract    Settlement  Appreciation 
Fund  Currency  Covered by Contract  (USD)  Counterparty  Date  (Depreciation) 
High Yield Fund  Buys           
  Brazilian Real  2,478,040  $1,232,243  Citibank N.A.  6/15/2012  ($6,421) 
      $1,232,243      ($6,421) 
  
  Sells           
  Brazilian Real  2,478,040  $1,258,719  Citibank N.A.  6/15/2012  $32,897 
  Euro  2,228,910  2,901,238  JPMorgan Chase Bank  6/15/2012  145,064 
  Euro  2,008,733  2,605,551  Citibank N.A.  8/16/2012  120,423 
  Euro  350,850  451,844  JPMorgan Chase Bank  8/16/2012  17,786 
  Euro  15,391,387  20,167,883  UBS AG  8/16/2012  1,126,241 
  Pound Sterling  3,743,065  6,047,671  UBS AG  8/16/2012  280,883 
      $33,432,906      $1,723,294 

 

International Opportunities Fund

 

279  

 


The Fund used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended May 31, 2012, the Fund held forward foreign currency contracts with USD notional values ranging up to approximately $119.6 million, as measured at each quarter end. At May 31, 2012, the Fund held no forward foreign currency contracts.

Investment Quality Bond Fund

The Fund used forward foreign currency contracts to manage against anticipated currency exchange rate changes and to gain exposure to foreign currencies. During the period ended May 31, 2012, the Fund held forward foreign currency contracts with USD notional value from approximately $12.0 million to $70.2 million, as measured at each quarter end.

      Principal Amount      Unrealized 
    Principal Amount  Covered by Contract    Settlement  Appreciation 
Fund  Currency  Covered by Contract  (USD)  Counterparty  Date  (Depreciation) 
Investment Quality             
Bond Fund  Buys           
  Brazilian Real  2,260,000  $1,117,539  Royal Bank of Canada  6/4/2012  $3,020 
  Brazilian Real  2,260,000  1,133,059  UBS AG  6/4/2012  (12,500) 
  Mexican Peso  5,795,000  439,341  Goldman Sachs  6/20/2012  (36,229) 
  Mexican Peso  42,070,000  3,174,012  Royal Bank of Canada  6/20/2012  (247,535) 
  Mexican Peso  5,950,000  440,731  UBS AG  6/20/2012  (26,836) 
      $6,304,682      ($320,080) 
  
  Sells           
  Brazilian Real  2,260,000  $1,188,192  Royal Bank of Canada  6/4/2012  $67,632 
  Brazilian Real  2,260,000  1,117,539  UBS AG  6/4/2012  (3,020) 
  Brazilian Real  2,260,000  1,127,070  UBS AG  7/3/2012  13,329 
  Mexican Peso  4,347,000  334,432  Citibank N.A.  6/20/2012  32,046 
  Mexican Peso  16,976,000  1,311,532  Morgan Stanley  6/20/2012  130,646 
  Mexican Peso  4,346,000  332,235  Standard Chartered Bank  6/20/2012  29,918 
  Mexican Peso  4,346,000  332,126  UBS AG  6/20/2012  29,809 
      $5,743,126      $300,360 

 

Mutual Shares Fund

The Fund used forward foreign currency contracts to manage against anticipated currency exchange rate changes and maintain diversity and liquidity of the Fund. During the period ended May 31, 2012, the Fund held forward foreign currency contracts with USD notional values ranging from approximately $68.2 million to $108.6 million, as measured at each quarter end.

      Principal Amount      Unrealized 
    Principal Amount  Covered by Contract    Settlement  Appreciation 
Fund  Currency  Covered by Contract  (USD)  Counterparty  Date  (Depreciation) 

 

280  

 


Mutual Shares             
Fund  Buys           
  Euro  330,434  $434,780  Bank of America N.A.  7/17/2012  ($26,102) 
  Euro  568,827  749,817  Barclays Bank  7/17/2012  (46,297) 
  Euro  2,327,233  3,031,747  Deutsche Bank AG  7/17/2012  (153,444) 
  Euro  81,887  107,018  HSBC Bank  7/17/2012  (5,741) 
  Euro  226,800  293,654  State Street Bank & Trust Company  7/17/2012  (13,149) 
  Japanese Yen  7,344,000  91,819  Deutsche Bank AG  10/22/2012  2,084 
  Japanese Yen  2,937,600  36,882  HSBC Bank  10/22/2012  679 
  Norwegian Krone  485,336  83,037  Deutsche Bank AG  6/19/2012  (3,713) 
  Norwegian Krone  1,118,334  188,701  State Street Bank & Trust Company  6/19/2012  (5,917) 
  Swiss Franc  86,820  94,755  Bank of America N.A.  8/10/2012  (5,255) 
  Swiss Franc  25,973  27,549  Barclays Bank  8/10/2012  (774) 
  Swiss Franc  183,313  201,285  Deutsche Bank AG  8/10/2012  (12,313) 
  Swiss Franc  14,320  15,451  HSBC Bank  8/10/2012  (689) 
  Total    $5,356,495      ($270,631) 
 
  Sells           
  Euro  2,254,540  $2,953,578  Barclays Bank  7/17/2012  $165,181 
  Euro  1,098,360  1,439,234  Deutsche Bank AG  7/17/2012  80,793 
  Euro  648,119  856,179  HSBC Bank  7/17/2012  54,591 
  Euro  17,323,844  22,707,749  State Street Bank & Trust Company  7/17/2012  1,281,761 
  Japanese Yen  51,362,100  633,357  HSBC Bank  10/22/2012  (23,382) 
  Norwegian Krone  1,515,870  251,679  Deutsche Bank AG  6/19/2012  3,922 
  Norwegian Krone  87,800  14,654  State Street Bank & Trust Company  6/19/2012  304 
  Pound Sterling  20,062,997  31,739,661  State Street Bank & Trust Company  8/16/2012  829,421 
  Swiss Franc  874,577  959,703  Bank of America N.A.  8/10/2012  58,131 
  Swiss Franc  1,150,980  1,261,749  Deutsche Bank AG  8/10/2012  75,242 
      $62,817,543      $2,525,964 

 

Real Return Bond Fund

The Fund used forward foreign currency contracts to manage against anticipated currency exchange rate changes, gain exposure to foreign currencies and to maintain diversity and liquidity of the Fund. During the period ended May 31, 2012, the Fund held forward foreign currency contracts with USD notional values ranging from approximately $157.2 million to $183.5 million, as measured at each quarter end.

      Principal Amount      Unrealized 
    Principal Amount  Covered by Contract    Settlement  Appreciation 
Fund  Currency  Covered by Contract  (USD)  Counterparty  Date  (Depreciation) 

 

281  

 


Real Return Bond             
Fund  Buys           
  Australian Dollar  1,432,000  $1,417,395  Barclays Bank  6/7/2012  ($22,874) 
  Australian Dollar  333,000  325,084  JPMorgan Chase Bank  6/7/2012  (800) 
  Brazilian Real  2,668,735  1,379,191  Barclays Capital  6/4/2012  (55,972) 
  Canadian Dollar  501,000  502,891  BNP Paribas SA  6/21/2012  (18,034) 
  Canadian Dollar  533,000  532,308  Deutsche Bank AG  6/21/2012  (16,482) 
  Canadian Dollar  493,000  500,586  HSBC Bank  6/21/2012  (23,471) 
  Canadian Dollar  804,000  802,579  UBS AG  6/21/2012  (24,485) 
  Chinese Yuan Renminbi  39,920,115  6,306,794  Barclays Capital  6/1/2012  (38,916) 
  Chinese Yuan Renminbi  14,346,944  2,253,683  Citibank N.A.  6/1/2012  (1,062) 
  Chinese Yuan Renminbi  4,430,262  699,917  Deutsche Bank AG  6/1/2012  (4,319) 
  Chinese Yuan Renminbi  8,714,700  1,376,795  HSBC Bank  6/1/2012  (8,496) 
  Chinese Yuan Renminbi  38,718,133  6,130,167  JPMorgan Chase Bank  6/1/2012  (51,012) 
  Chinese Yuan Renminbi  39,032,780  6,192,239  UBS AG  2/1/2013  (81,863) 
  Euro  4,933,000  6,449,034  Bank of America N.A.  7/16/2012  (347,994) 
  Euro  1,163,000  1,461,106  Barclays Bank  7/16/2012  (22,730) 
  Euro  1,858,000  2,360,478  BNP Paribas SA  7/16/2012  (62,539) 
  Euro  3,084,000  3,902,809  Deutsche Bank AG  7/16/2012  (88,577) 
  Indian Rupee  414,897,220  8,926,360  JPMorgan Chase Bank  7/12/2012  (1,591,656) 
  Mexican Peso  226,666  17,644  HSBC Bank  6/15/2012  (1,868) 
  Mexican Peso  226,666  17,340  JPMorgan Chase Bank  8/15/2012  (1,660) 
  Singapore Dollar  1,301  1,054  UBS AG  8/3/2012  (43) 
      $51,555,454      ($2,464,853) 
 
  Sells           
  Australian Dollar  19,801,000  $20,414,831  Bank of America N.A.  6/7/2012  $1,132,063 
  Australian Dollar  75,000  73,221  BNP Paribas SA  6/7/2012  184 
  Brazilian Real  2,668,735  1,527,348  Morgan Stanley  6/4/2012  204,128 
  Brazilian Real  2,668,735  1,364,942  Barclays Capital  8/2/2012  56,362 
  Canadian Dollar  5,501,000  5,516,514  Barclays Bank  6/21/2012  192,762 
  Canadian Dollar  75,000  72,826  BNP Paribas SA  6/21/2012  243 
  Canadian Dollar  1,924,000  1,959,576  Goldman Sachs  6/21/2012  97,569 
  Chinese Yuan Renminbi  39,920,115  6,320,000  Barclays Capital  6/1/2012  52,122 
  Chinese Yuan Renminbi  14,346,944  2,266,607  Citibank N.A.  6/1/2012  13,986 
  Chinese Yuan Renminbi  4,430,262  699,000  Deutsche Bank AG  6/1/2012  3,402 

 

282  

 


Chinese Yuan Renminbi  8,714,700  1,380,000  HSBC Bank  6/1/2012  11,700 
Chinese Yuan Renminbi  38,718,133  6,116,898  JPMorgan Chase Bank  6/1/2012  37,744 
Chinese Yuan Renminbi  38,718,133  6,076,769  JPMorgan Chase Bank  2/1/2013  15,649 
Euro  28,101,000  36,443,007  Barclays Bank  7/16/2012  1,688,229 
Indian Rupee  296,377,833  5,721,440  Barclays Capital  7/12/2012  481,966 
Indian Rupee  18,217,251  328,950  Deutsche Bank AG  7/12/2012  6,899 
Indian Rupee  10,875,150  195,000  Goldman Sachs  7/12/2012  2,745 
Indian Rupee  22,149,960  402,000  HSBC Bank  7/12/2012  10,425 
Indian Rupee  67,276,500  1,280,000  JPMorgan Chase Bank  7/12/2012  90,662 
Japanese Yen  88,742,000  1,079,970  Barclays Bank  6/7/2012  (52,556) 
Mexican Peso  226,666  17,434  JPMorgan Chase Bank  6/15/2012  1,658 
Pound Sterling  83,000  129,917  BNP Paribas SA  6/12/2012  2,001 
Pound Sterling  393,000  609,065  Deutsche Bank AG  6/12/2012  3,392 
Pound Sterling  34,000  53,754  JPMorgan Chase Bank  6/12/2012  1,355 
Pound Sterling  5,474,000  8,627,123  UBS AG  6/12/2012  190,845 
    $108,676,192      $4,245,535 

 

Spectrum Income Fund

The Fund used forward foreign currency contracts to manage against anticipated currency exchange rate changes and gain exposure to foreign currencies. During the period ended May 31, 2012, the Fund held forward foreign currency contracts with USD notional values ranging from approximately $93.8 million to $103.8 million, as measured at each quarter end.

      Principal Amount      Unrealized 
    Principal Amount  Covered by Contract    Settlement  Appreciation 
Fund  Currency  Covered by Contract  (USD)  Counterparty  Date  (Depreciation) 
Spectrum Income             
Fund  Buys           
  Australian Dollar  230,000  $227,723  Citibank N.A.  6/12/2012  ($3,847) 
  Australian Dollar  287,672  283,000  Barclays Bank  8/16/2012  (4,536) 
  Brazilian Real  565,000  305,191  Barclays Bank  6/4/2012  (25,051) 
  Brazilian Real  460,000  248,675  Citibank N.A.  6/4/2012  (20,597) 
  Brazilian Real  3,265,000  1,602,061  Credit Suisse  6/4/2012  16,800 
  Brazilian Real  377,000  181,748  Morgan Stanley  8/16/2012  2,664 
  Canadian Dollar  1,145,000  1,141,439  State Street Bank London  6/8/2012  (33,022) 
  Canadian Dollar  1,165,000  1,178,130  Royal Bank of Canada  7/18/2012  (51,319) 
  Canadian Dollar  58,469  58,000  JPMorgan Chase Bank  8/16/2012  (1,482) 
  Canadian Dollar  1,954,352  1,946,857  Royal Bank of Canada  8/16/2012  (57,721) 
  Canadian Dollar  80,398  78,000  State Street Bank London  8/16/2012  (285) 

 

283  

 


Chilean Peso  114,011,000  230,000  Credit Suisse  8/16/2012  (11,271) 
Chilean Peso  911,115,000  510,000  Credit Suisse  8/16/2012  (16,219) 
Chilean Peso  17,506,600  34,000  JPMorgan Chase Bank  8/16/2012  (414) 
Chinese Yuan Renminbi  5,205,000  814,172  Standard Chartered Bank  6/20/2012  2,889 
Chinese Yuan Renminbi  6,575,000  1,030,241  Deutsche Bank AG  6/25/2012  1,806 
Chinese Yuan Renminbi  8,212,435  1,285,000  Standard Chartered Bank  6/25/2012  4,068 
Chinese Yuan Renminbi  3,715,000  585,870  Bank of America Merrill Lynch  8/15/2012  (3,247) 
Chinese Yuan Renminbi  3,700,000  582,897  Royal Bank of Canada  8/15/2012  (2,627) 
Chinese Yuan Renminbi  1,916,475  303,000  Barclays Bank  8/16/2012  (2,444) 
Chinese Yuan Renminbi  7,458,334  1,178,020  Standard Chartered Bank  8/16/2012  (8,348) 
Chinese Yuan Renminbi  5,275,000  829,142  Credit Suisse  9/28/2012  (2,338) 
Czech Koruna  4,425,181  223,466  Citibank N.A.  8/16/2012  (10,736) 
Danish Krone  260,897  45,000  State Street Bank London  8/16/2012  (1,525) 
Euro  732,894  953,869  Bank of America Merrill Lynch  6/8/2012  (47,629) 
Euro  94,000  119,751  Deutsche Bank AG  6/8/2012  (3,518) 
Euro  126,252  166,098  Goldman Sachs  6/8/2012  (9,984) 
Euro  256,917  333,505  State Street Bank London  6/8/2012  (15,821) 
Euro  1,555,293  1,973,198  JPMorgan Chase Bank  8/16/2012  (49,048) 
Euro  185,326  234,475  State Street Bank London  8/16/2012  (5,196) 
Hong Kong Dollar  11,465,971  1,477,000  Standard Chartered Bank  8/16/2012  597 
Hong Kong Dollar  15,400,000  1,983,659  Standard Chartered Bank  8/21/2012  937 
Hungarian Forint  2,185,215  9,452  Deutsche Bank AG  8/16/2012  (554) 
Hungarian Forint  6,815,000  28,823  State Street Bank London  8/16/2012  (1,074) 
Indonesian Rupiah  1,842,670,000  199,251  Credit Suisse  7/20/2012  (4,158) 
Japanese Yen  851,467,452  10,675,304  Citibank N.A.  8/16/2012  199,991 
Japanese Yen  19,675,135  250,000  JPMorgan Chase Bank  8/16/2012  1,299 
Japanese Yen  8,648,224  108,776  State Street Bank London  8/16/2012  1,683 
Malaysian Ringgit  2,550,000  830,511  Morgan Stanley  6/18/2012  (27,247) 
Malaysian Ringgit  880,000  283,277  Standard Chartered Bank  6/18/2012  (6,072) 
Malaysian Ringgit  1,986,502  647,406  JPMorgan Chase Bank  6/22/2012  (21,806) 
Malaysian Ringgit  166,104  54,000  State Street Bank London  6/22/2012  (1,690) 
Mexican Peso  5,600,000  413,874  Royal Bank of Canada  7/31/2012  (25,972) 
Mexican Peso  1,238,970  89,813  Morgan Stanley  8/16/2012  (4,112) 
Mexican Peso  1,821,859  130,000  State Street Bank London  8/16/2012  (3,980) 
Norwegian Krone  6,740,000  1,168,561  Goldman Sachs  8/7/2012  (68,996) 
Norwegian Krone  8,636,073  1,451,789  Deutsche Bank AG  8/16/2012  (43,382) 

 

284  

 


Norwegian Krone  286,320  48,000  State Street Bank London  8/16/2012  (1,306) 
Philippine Peso  21,760,680  510,000  Standard Chartered Bank  8/16/2012  (12,356) 
Polish Zloty  3,367,000  993,086  Barclays Bank  8/16/2012  (51,583) 
Pound Sterling  9,000  14,291  State Street Bank London  7/11/2012  (423) 
Pound Sterling  480,348  755,256  JPMorgan Chase Bank  8/16/2012  (15,203) 
Russian Ruble  12,480,914  408,942  JPMorgan Chase Bank  8/16/2012  (39,975) 
Singapore Dollar  399,062  317,381  Standard Chartered Bank  8/16/2012  (7,629) 
South African Rand  493,204  57,000  State Street Bank London  8/16/2012  483 
South Korean Won  1,006,886,200  877,017  Citibank N.A.  7/17/2012  (24,681) 
South Korean Won  334,515,200  292,000  Standard Chartered Bank  7/17/2012  (8,831) 
South Korean Won  450,430,000  393,045  Bank of America Merrill Lynch  7/23/2012  (11,838) 
South Korean Won  882,240,000  776,278  Barclays Bank  8/2/2012  (29,898) 
Swedish Krona  4,241,562  601,504  Morgan Stanley  8/16/2012  (19,202) 
Swedish Krona  226,666  32,000  State Street Bank London  8/16/2012  (882) 
Swiss Franc  1,375,988  1,471,984  Royal Bank of Canada  8/16/2012  (53,300) 
Swiss Franc  29,025  31,000  State Street Bank London  8/16/2012  (1,074) 
Thailand Baht  1,771,784  56,000  JPMorgan Chase Bank  8/16/2012  (523) 
Thailand Baht  23,833,455  756,210  Standard Chartered Bank  8/16/2012  (9,950) 
Turkish Lira  1,240,897  670,864  Barclays Bank  8/16/2012  (17,063) 
    $47,545,882      ($669,768) 
 
Sells           
Australian Dollar  870,000  $903,139  Citibank N.A.  6/12/2012  $56,302 
Australian Dollar  545,000  561,693  Citibank N.A.  7/19/2012  32,946 
Australian Dollar  137,107  135,623  Barclays Bank  8/16/2012  2,904 
Australian Dollar  52,642  52,000  JPMorgan Chase Bank  8/16/2012  1,043 
Australian Dollar  115,162  111,000  State Street Bank London  8/16/2012  (476) 
Brazilian Real  595,000  297,289  Morgan Stanley  6/4/2012  2,274 
Brazilian Real  3,695,000  2,116,023  Royal Bank of Scotland PLC  6/4/2012  283,959 
Brazilian Real  623,414  306,000  Barclays Bank  8/16/2012  1,053 
Brazilian Real  6,531,757  3,290,558  Citibank N.A.  8/16/2012  95,507 
Brazilian Real  6,565,118  3,175,640  Morgan Stanley  8/16/2012  (35,729) 
Brazilian Real  660,000  316,107  Morgan Stanley  8/24/2012  (6,283) 
Brazilian Real  3,240,000  1,566,050  Credit Suisse  9/5/2012  (13,362) 
Canadian Dollar  1,165,000  1,143,991  UBS AG  7/18/2012  17,179 
Canadian Dollar  145,678  142,066  State Street Bank London  8/16/2012  1,249 

 

285  

 


Chinese Yuan Renminbi  3,860,000  602,626  Credit Suisse  6/20/2012  (3,302) 
Chinese Yuan Renminbi  1,095,000  171,121  Deutsche Bank AG  6/20/2012  (768) 
Chinese Yuan Renminbi  250,000  39,277  State Street Bank London  6/20/2012  33 
Chinese Yuan Renminbi  5,128,920  810,000  Morgan Stanley  6/25/2012  4,937 
Chinese Yuan Renminbi  6,575,000  1,025,981  Standard Chartered Bank  6/25/2012  (6,067) 
Chinese Yuan Renminbi  5,275,000  822,292  Standard Chartered Bank  9/28/2012  (4,512) 
Danish Krone  158,948  27,471  Morgan Stanley  8/16/2012  984 
Euro  5,563,000  7,298,998  Barclays Bank  6/8/2012  420,233 
Euro  134,691  176,775  Citibank N.A.  6/8/2012  10,227 
Euro  194,750  256,215  Deutsche Bank AG  6/8/2012  15,403 
Euro  106,299  138,995  JPMorgan Chase Bank  6/8/2012  7,553 
Euro  197,917  261,328  State Street Bank London  6/8/2012  16,599 
Euro  319,000  421,046  UBS AG  6/8/2012  26,596 
Euro  1,990,000  2,534,882  Citibank N.A.  8/13/2012  73,020 
Euro  485,000  620,684  Deutsche Bank AG  8/13/2012  20,682 
Euro  275,000  356,594  Royal Bank of Scotland PLC  8/13/2012  16,387 
Euro  303,792  387,000  Barclays Bank  8/16/2012  11,160 
Euro  662,865  852,000  Credit Suisse  8/16/2012  31,929 
Euro  3,468,000  4,492,846  Deutsche Bank AG  8/16/2012  202,368 
Euro  3,465,953  4,455,845  JPMorgan Chase Bank  8/16/2012  167,900 
Euro  502,708  639,447  Morgan Stanley  8/16/2012  17,515 
Euro  227,142  281,000  State Street Bank London  8/16/2012  (12) 
Japanese Yen  30,225,000  370,973  Bank of America Merrill Lynch  6/15/2012  (14,791) 
Japanese Yen  51,970,000  628,473  UBS AG  6/15/2012  (34,823) 
Japanese Yen  83,535,000  1,034,515  Barclays Bank  8/1/2012  (32,224) 
Japanese Yen  33,246,470  416,000  Barclays Bank  8/16/2012  (8,638) 
Mexican Peso  2,505,000  173,940  State Street Bank London  7/31/2012  423 
Mexican Peso  11,745,000  882,220  UBS AG  7/31/2012  68,665 
Mexican Peso  12,090,543  876,635  Citibank N.A.  8/16/2012  40,319 
Mexican Peso  4,538,220  322,395  State Street Bank London  8/16/2012  8,482 
Mexican Peso  7,008,000  504,681  UBS AG  8/16/2012  19,931 
Polish Zloty  4,269,323  1,257,653  Barclays Bank  8/16/2012  63,838 
Polish Zloty  1,702,000  489,911  Credit Suisse  8/16/2012  13,987 
Polish Zloty  1,665,000  487,526  Goldman Sachs  8/16/2012  21,948 
Polish Zloty  133,219  39,000  State Street Bank London  8/16/2012  1,749 
Pound Sterling  202,000  322,344  State Street Bank London  7/11/2012  11,075 

 

286  

 


Pound Sterling  385,000  612,901  Royal Bank of Scotland PLC  7/19/2012  19,666 
Pound Sterling  1,588,764  2,534,298  Royal Bank of Scotland PLC  8/16/2012  86,555 
Pound Sterling  73,794  115,000  State Street Bank London  8/16/2012  1,308 
Pound Sterling  340,000  528,993  Barclays Bank  8/29/2012  5,200 
Pound Sterling  360,000  563,998  Deutsche Bank AG  8/29/2012  9,394 
Russian Ruble  8,567,000  270,936  Goldman Sachs  8/16/2012  17,674 
Russian Ruble  12,635,000  413,991  JPMorgan Chase Bank  8/16/2012  40,468 
Singapore Dollar  17,795  14,000  State Street Bank London  8/16/2012  187 
South African Rand  1,437,585  173,039  Goldman Sachs  8/16/2012  5,488 
South African Rand  5,478,875  649,864  Morgan Stanley  8/16/2012  11,298 
South African Rand  5,355,000  639,006  UBS AG  8/22/2012  15,422 
South Korean Won  675,826,500  578,000  Standard Chartered Bank  7/17/2012  5,908 
South Korean Won  450,430,000  384,720  Bank of America Merrill Lynch  7/23/2012  3,512 
South Korean Won  208,425,000  177,928  Bank of America Merrill Lynch  8/2/2012  1,599 
Turkish Lira  45,128  24,150  State Street Bank London  8/16/2012  373 
    $56,276,692      $1,851,424 

 

Total Return Fund

The Fund used forward foreign currency contracts to manage against anticipated currency exchange rate changes, gain exposure to foreign currencies and to maintain diversity and liquidity of the Fund. During the period ended May 31, 2012, the Fund held forward foreign currency contracts with USD notional values ranging from approximately $798.4 million to $1.2 billion, as measured at each quarter end.

      Principal Amount      Unrealized 
    Principal Amount  Covered by Contract    Settlement  Appreciation 
Fund  Currency  Covered by Contract  (USD)  Counterparty  Date  (Depreciation) 
Total Return Fund  Buys           
  Australian Dollar  2,000,000  $2,037,240  JPMorgan Chase Bank  6/7/2012  ($89,584) 
  Brazilian Real  14,143,767  7,348,458  Barclays Capital  6/4/2012  (335,658) 
  Brazilian Real  5,989,446  3,165,000  Citibank N.A.  6/4/2012  (195,297) 
  Brazilian Real  2,902,868  1,570,000  Morgan Stanley  6/4/2012  (130,692) 
  Brazilian Real  1,482,080  800,000  UBS AG  6/4/2012  (65,151) 
  Canadian Dollar  155,000  150,677  Deutsche Bank AG  6/21/2012  (671) 
  Canadian Dollar  643,000  621,877  HSBC Bank  6/21/2012  405 
  Chinese Yuan Renminbi  21,756,900  3,400,000  Barclays Capital  6/1/2012  16,062 
  Chinese Yuan Renminbi  33,331,700  5,240,705  Citibank N.A.  6/1/2012  (7,277) 
  Chinese Yuan Renminbi  22,689,500  3,584,609  Credit Suisse  6/1/2012  (22,119) 
  Chinese Yuan Renminbi  3,147,750  497,298  Deutsche Bank AG  6/1/2012  (3,069) 
  Chinese Yuan Renminbi  36,398,200  5,700,000  HSBC Bank  6/1/2012  14,900 

 

287  

 


Chinese Yuan Renminbi  45,313,650  7,100,000  JPMorgan Chase Bank  6/1/2012  14,720 
Chinese Yuan Renminbi  5,095,600  800,000  Morgan Stanley  6/1/2012  63 
Chinese Yuan Renminbi  3,205,500  500,000  Royal Bank of Scotland PLC  6/1/2012  3,297 
Chinese Yuan Renminbi  32,112,350  5,073,282  UBS AG  6/1/2012  (31,305) 
Chinese Yuan Renminbi  60,088,728  9,448,656  Citibank N.A.  10/15/2012  (32,225) 
Chinese Yuan Renminbi  5,681,700  900,000  Citibank N.A.  2/1/2013  (10,560) 
Chinese Yuan Renminbi  2,524,000  400,000  Goldman Sachs  2/1/2013  (4,881) 
Euro  7,984,000  9,960,040  BNP Paribas SA  6/1/2012  (87,820) 
Euro  7,984,000  10,007,944  Citibank N.A.  6/1/2012  (135,724) 
Euro  4,201,000  5,278,136  Credit Suisse  6/1/2012  (83,598) 
Euro  8,576,000  10,849,498  Goldman Sachs  6/1/2012  (245,269) 
Euro  6,490,000  8,174,155  HSBC Bank  6/1/2012  (149,267) 
Euro  5,640,000  7,058,460  JPMorgan Chase Bank  6/1/2012  (84,597) 
Euro  5,874,000  7,697,137  Bank of Nova Scotia  6/14/2012  (433,630) 
Euro  1,978,000  2,632,822  Barclays Bank  6/14/2012  (186,922) 
Euro  1,200,000  1,601,526  Citibank N.A.  6/14/2012  (117,663) 
Euro  8,297,000  10,957,050  Deutsche Bank AG  6/14/2012  (697,377) 
Euro  3,423,000  4,519,056  JPMorgan Chase Bank  6/14/2012  (286,338) 
Euro  3,400,000  4,502,008  Morgan Stanley  6/14/2012  (297,731) 
Euro  1,600,000  2,133,640  Royal Bank of Canada  6/14/2012  (155,157) 
Euro  8,776,000  11,570,246  UBS AG  6/14/2012  (718,265) 
Euro  7,597,000  9,811,716  Barclays Bank  7/16/2012  (415,892) 
Euro  7,684,000  10,024,510  BNP Paribas SA  7/16/2012  (521,086) 
Euro  1,600,000  2,039,848  Citibank N.A.  7/16/2012  (60,999) 
Euro  2,899,000  3,814,823  Credit Suisse  7/16/2012  (229,395) 
Euro  4,316,000  5,543,923  Deutsche Bank AG  7/16/2012  (205,977) 
Euro  4,401,000  5,727,828  HSBC Bank  7/16/2012  (284,755) 
Euro  1,700,000  2,227,782  Morgan Stanley  7/16/2012  (125,255) 
Euro  5,206,000  6,734,122  Royal Bank of Canada  7/16/2012  (295,442) 
Euro  1,749,000  2,226,118  Royal Bank of Scotland PLC  7/16/2012  (62,989) 
Euro  7,599,000  9,920,098  UBS AG  7/16/2012  (521,800) 
Indian Rupee  380,092,000  8,216,429  UBS AG  7/12/2012  (1,497,025) 
Indonesian Rupiah  59,016,459,500  6,531,982  HSBC Bank  7/2/2012  (272,881) 
Mexican Peso  459,854,763  33,291,447  Barclays Bank  6/15/2012  (1,285,283) 
Mexican Peso  2,014,801  152,141  Deutsche Bank AG  6/15/2012  (11,909) 
Mexican Peso  43,422,400  3,168,373  HSBC Bank  6/15/2012  (146,148) 

 

288  

 


Mexican Peso  80,119  6,061  JPMorgan Chase Bank  6/15/2012  (485) 
Mexican Peso  593,286  45,316  UBS AG  6/15/2012  (4,023) 
Pound Sterling  421,000  679,772  Citibank N.A.  6/1/2012  (30,927) 
Pound Sterling  7,932,000  12,519,869  Goldman Sachs  6/1/2012  (295,069) 
Pound Sterling  7,932,000  12,508,764  HSBC Bank  6/1/2012  (283,964) 
Pound Sterling  153,000  239,975  Barclays Bank  7/3/2012  (4,203) 
Singapore Dollar  8,170  6,614  UBS AG  8/3/2012  (273) 
    $290,717,031      ($11,114,180) 
 
Sells           
Australian Dollar  2,561,000  $2,639,111  Credit Suisse  6/7/2012  $145,137 
Brazilian Real  24,518,161  14,032,027  Morgan Stanley  6/4/2012  1,875,366 
Brazilian Real  12,477,767  6,381,836  Barclays Capital  8/2/2012  263,522 
Brazilian Real  1,036,500  500,000  HSBC Bank  8/2/2012  (8,235) 
Canadian Dollar  155,000  150,745  Deutsche Bank AG  6/1/2012  675 
Canadian Dollar  643,000  622,116  HSBC Bank  6/4/2012  (393) 
Canadian Dollar  102,961  100,000  Deutsche Bank AG  6/6/2012  324 
Canadian Dollar  468,000  456,119  Barclays Bank  6/21/2012  3,198 
Canadian Dollar  26,499,000  26,618,918  Citibank N.A.  6/21/2012  973,742 
Canadian Dollar  11,296,000  11,372,629  Credit Suisse  6/21/2012  440,597 
Canadian Dollar  11,538,000  11,656,081  JPMorgan Chase Bank  6/21/2012  489,847 
Canadian Dollar  10,975,000  11,047,249  UBS AG  6/21/2012  425,874 
Chinese Yuan Renminbi  21,756,900  3,431,372  Barclays Capital  6/1/2012  15,310 
Chinese Yuan Renminbi  33,331,700  5,300,000  Citibank N.A.  6/1/2012  66,572 
Chinese Yuan Renminbi  22,689,500  3,600,000  Credit Suisse  6/1/2012  37,510 
Chinese Yuan Renminbi  3,147,750  500,000  Deutsche Bank AG  6/1/2012  5,770 
Chinese Yuan Renminbi  36,398,200  5,755,210  HSBC Bank  6/1/2012  40,309 
Chinese Yuan Renminbi  45,313,650  7,154,270  JPMorgan Chase Bank  6/1/2012  39,550 
Chinese Yuan Renminbi  5,095,600  806,627  Morgan Stanley  6/1/2012  6,565 
Chinese Yuan Renminbi  3,205,500  506,422  Royal Bank of Scotland PLC  6/1/2012  3,125 
Chinese Yuan Renminbi  32,112,350  5,100,000  UBS AG  6/1/2012  58,023 
Chinese Yuan Renminbi  60,088,728  9,516,745  UBS AG  10/15/2012  100,314 
Chinese Yuan Renminbi  1,894,500  300,190  Barclays Capital  2/1/2013  3,616 
Chinese Yuan Renminbi  1,259,000  200,000  Credit Suisse  2/1/2013  2,910 
Chinese Yuan Renminbi  5,052,200  800,000  UBS AG  2/1/2013  9,105 
Euro  7,212,000  9,466,435  JPMorgan Chase Bank  6/1/2012  548,793 

 

289  

 


Euro  33,663,000  44,232,509  UBS AG  6/1/2012  2,608,192 
Euro  1,000  1,316  Morgan Stanley  6/14/2012  79 
Euro  7,984,000  9,961,333  BNP Paribas SA  7/3/2012  87,918 
Euro  7,984,000  10,009,158  Citibank N.A.  7/3/2012  135,743 
Euro  4,201,000  5,278,809  Credit Suisse  7/3/2012  83,641 
Euro  8,576,000  10,851,170  Goldman Sachs  7/3/2012  245,658 
Euro  6,490,000  8,175,122  HSBC Bank  7/3/2012  149,262 
Euro  5,640,000  7,059,334  JPMorgan Chase Bank  7/3/2012  84,627 
Euro  22,358,000  29,262,150  Barclays Bank  7/16/2012  1,610,206 
Euro  22,357,000  29,290,353  Credit Suisse  7/16/2012  1,639,645 
Euro  22,358,000  29,308,096  Deutsche Bank AG  7/16/2012  1,656,151 
Indian Rupee  56,012,000  1,100,000  Deutsche Bank AG  7/12/2012  109,800 
Indian Rupee  324,080,000  6,354,057  JPMorgan Chase Bank  7/12/2012  624,854 
Indonesian Rupiah  3,732,000,000  400,214  Barclays Capital  7/2/2012  4,410 
Indonesian Rupiah  343,919,500  36,961  Goldman Sachs  7/2/2012  486 
Indonesian Rupiah  23,852,000,000  2,561,893  HSBC Bank  7/2/2012  32,225 
Indonesian Rupiah  31,088,540,000  3,300,270  UBS AG  7/2/2012  3,116 
Japanese Yen  260,000,000  3,206,709  Credit Suisse  7/30/2012  (113,399) 
Japanese Yen  170,000,000  2,096,410  Deutsche Bank AG  7/30/2012  (74,430) 
Japanese Yen  240,000,000  2,960,770  JPMorgan Chase Bank  7/30/2012  (103,945) 
Japanese Yen  1,120,000,000  14,133,312  Barclays Bank  8/20/2012  (172,536) 
Mexican Peso  505,965,369  39,039,935  Barclays Bank  6/15/2012  3,824,446 
Mexican Peso  57,800,000  4,486,881  HSBC Bank  6/28/2012  469,747 
Mexican Peso  163,500,000  12,725,391  HSBC Bank  7/5/2012  1,370,831 
Mexican Peso  462,316,263  33,280,893  Barclays Bank  8/15/2012  1,299,418 
Mexican Peso  43,265,000  3,137,987  HSBC Bank  8/15/2012  145,061 
Mexican Peso  86,871,638  6,256,285  UBS AG  8/15/2012  246,798 
Pound Sterling  16,285,000  26,148,743  Goldman Sachs  6/1/2012  1,050,300 
Pound Sterling  7,932,000  12,517,688  Goldman Sachs  7/3/2012  294,530 
Pound Sterling  7,932,000  12,506,583  HSBC Bank  7/3/2012  283,425 
    $507,694,434      $23,143,385 

 

Options. There are two types of options, a put option and a call option. A call option gives the purchaser of the option the right to buy (and the seller the obligation to sell) the underlying instrument at the exercise price. A put option gives the purchaser of the option the right to sell (and the writer the obligation to buy) the underlying instrument at the exercise price. Writing puts and buying calls may increase a Fund’s exposure to changes in the value of the underlying instrument. Buying puts and writing calls may decrease a Fund’s exposure to such changes. Risks related to the use of options include the loss of the premium, possible illiquidity of the options markets, trading restrictions imposed by an exchange and movements in underlying security values.

 

290  

 


When a Fund purchases an option, the premium paid by the Fund is included in the Portfolio of Investments and subsequently “marked-to-market” to reflect current market value. When a Fund writes an option, the premium received is included as a liability and subsequently “marked-to-market” to reflect current market value of the option written.

During the period ended May 31, 2012, the Funds used purchased options for the following reasons: Global Bond Fund used purchased put and call options to manage against anticipated currency exchange rates, manage against anticipated interest rate changes and maintain diversity and liquidity of the Fund. Health Sciences Fund used purchased call options to manage against anticipated changes in securities markets and gain exposure to certain securities. High Yield Fund used purchased put and call option to manage against potential credit events. Real Return Bond Fund and Total Return Fund used purchased put and call options to manage against anticipated interest rate changes and maintain diversity and liquidity of the Funds. Redwood Fund used purchased put and call options to manage against anticipated changes in securities markets, gain exposure to certain securities markets and maintain diversity and liquidity of the Fund. The following table summarizes the approximate range of markets values of purchased options held by the Funds during the period ended May 31, 2012, as measured at each quarter end.

Fund  Market Value Range 
Global Bond Fund  $16 to $244,000 
Health Sciences Fund  $7,000 to $116,000 
High Yield Fund  up to $2,200,000 
Real Return Bond Fund  $2,000 to $159,000 
Redwood Fund  up to $733,000 
Total Return Fund  up to $281,000 

 

The following tables summarize the Funds’ written options activities during the period ended May 31, 2012. In addition, the tables detail how the Funds used written option contracts during the period ended May 31, 2012.

 

  Number of Contracts  Premiums Received 
Capital Appreciation Value Fund         
Outstanding, beginning of period  -  - 
Options written  42,588  $6,929,772 
Options closed  (2,000)  (360,333) 
Options exercised  -  - 
Options expired  -  - 
Outstanding, end of period  40,588  $6,569,439 
 
Global Bond Fund     
Outstanding, beginning of period  166,800,655  $1,840,499 
Options written  311,065,443  3,960,884 
Option closed  (175,900,470)  (1,802,005) 
Options exercised  -  - 
Options expired  (36,865,516)  (686,493) 
Outstanding, end of period  265,100,112  $3,312,885 

 

291  

 


Health Sciences Fund     
Outstanding, beginning of period  -  - 
Options written  10,570  $5,843,257 
Option closed  (868)  (345,132) 
Options exercised  (27)  (22,504) 
Options expired  (1,209)  (360,336) 
Outstanding, end of period  8,466  $5,115,285 
 
High Yield Fund     
Outstanding, beginning of year  -  - 
Options written  360,505,800  $5,299,081 
Options closed  (163,294,800)  (3,279,583) 
Options exercised  -  - 
Options expired  (117,922,000)  (1,103,646) 
Outstanding, end of year  79,289,000  $915,852 
 
Mutual Shares Fund     
Outstanding, beginning of period  -  - 
Options written  178  $34,050 
Option closed  (9)  (18,225) 
Options exercised  (151)  (13,514) 
Options expired  (18)  (2,311) 
Outstanding, end of period  -  - 
 
Real Return Bond Fund     
Outstanding, beginning of period  251,900,074  $2,157,842 
Options written  211,100,044  1,701,082 
Option closed  (184,100,044)  (1,646,993) 
Options exercised  -  - 
Options expired  (78,300,074)  (707,321) 
Outstanding, end of period  200,600,000  $1,504,610 
 
Redwood Fund     
Outstanding, beginning of period  -  - 
Options written  360,312  $279,251,739 

 

292  

 


Option closed  (211,248)  (172,905,070) 
Options exercised  (17,671)  (11,139,773) 
Options expired  (4,149)  (836,183) 
Outstanding, end of period  127,244  $94,370,713 
 
Total Return Fund     
Outstanding, beginning of period  1,224,200,787  $8,253,924 
Options written  844,000,000  5,425,436 
Option closed  (503,900,340)  (1,776,170) 
Options exercised  -  - 
Options expired  (387,400,447)  (2,129,172) 
Outstanding, end of period  1,176,900,000  $9,774,018 

 

Options on Securities

Capital Appreciation Value Fund

The Fund used written options to gain exposure to certain securities.

    Exercise  Expiration  Number of     
Fund  Name of Issuer  Price  date  Contracts  Premium  Value 
Capital Appreciation Value             
Fund  Calls           
  Accenture PLC, Class A  $65.00  Jan 2013  619  $240,031  ($108,325) 
  AT&T, Inc.  32.00  Jan 2013  2,805  726,843  (792,412) 
  AT&T, Inc.  30.00  Jan 2013  2,335  973,673  (1,050,750) 
  AT&T, Inc.  35.00  Jan 2013  1,767  160,510  (186,418) 
  AT&T, Inc.  34.00  Jan 2013  1,767  231,171  (270,351) 
  Cisco Systems, Inc.  22.00  Jan 2013  2,300  193,426  (37,950) 
  Dell, Inc.  17.50  Jan 2013  2,277  293,727  (42,124) 
  EOG Resources, Inc.  110.00  Jan 2013  57  52,838  (43,463) 
  EOG Resources, Inc.  115.00  Jan 2013  57  41,723  (33,773) 
  Express Scripts, Inc.  60.00  Jan 2013  17  5,083  (3,749) 
  Ingersoll Rand PLC  40.00  Jan 2013  983  315,229  (535,735) 
  JPMorgan Chase & Company  45.00  Sep 2012  593  108,030  (6,819) 
  JPMorgan Chase & Company  46.00  Sep 2012  593  84,412  (5,633) 
  JPMorgan Chase & Company  50.00  Jan 2013  2,336  447,779  (45,552) 
  Microsoft Corp.  30.00  Jan 2013  1,273  189,673  (246,962) 

 

293  

 


PepsiCo, Inc.  70.00  Jan 2013  168  41,863  (40,068) 
PepsiCo, Inc.  72.50  Jan 2013  166  27,399  (24,319) 
Pfizer, Inc.  24.00  Jan 2013  4,675  318,052  (245,437) 
Pfizer, Inc.  22.50  Jan 2013  10,909  1,270,779  (1,194,535) 
Philip Morris International  90.00  Jan 2013  359  46,021  (95,315) 
Philip Morris International  85.00  Jan 2013  358  88,136  (169,155) 
Procter & Gamble Company  70.00  Jan 2013  402  72,427  (22,512) 
Texas Instruments, Inc.  40.00  Jan 2013  646  54,928  (5,814) 
The Walt Disney Company  47.00  Oct 2012  517  59,624  (124,856) 
The Walt Disney Company  45.00  Oct 2012  517  104,592  (180,950) 
The Walt Disney Company  46.00  Oct 2012  517  79,430  (151,998) 
The Walt Disney Company  45.00  Jan 2013  525  132,108  (232,313) 
The Walt Disney Company  46.00  Jan 2013  525  115,555  (202,125) 
The Walt Disney Company  47.00  Jan 2013  525  94,377  (174,563) 
      40,588  $6,569,439  ($6,273,976) 

 

Health Sciences Fund

The Fund used written options to manage against anticipated changes in securities and to gain exposure to certain securities.

    Exercise  Expiration  Number of     
Fund  Name of Issuer  Price  Date  Contracts  Premium  Value 
Health Sciences Fund  Calls           
  Alexion Pharmaceuticals, Inc.  $85.00  Aug 2012  50  $24,100  ($51,500) 
  Alexion Pharmaceuticals, Inc.  100.00  Jan 2013  46  27,549  (37,720) 
  Allergan, Inc.  100.00  Jul 2012  26  3,302  (390) 
  Allergan, Inc.  105.00  Jan 2013  24  7,248  (3,180) 
  AmerisourceBergen Corp.  40.00  Nov 2012  69  7,383  (7,590) 
  Amgen, Inc.  75.00  Jul 2012  75  15,675  (2,587) 
  Amgen, Inc.  75.00  Jan 2013  46  10,350  (13,800) 
  Amgen, Inc.  80.00  Jan 2013  69  8,837  (10,557) 
  Biogen Idec, Inc.  135.00  Jan 2013  52  41,963  (60,580) 
  Celgene Corp.  72.50  Jul 2012  69  11,627  (8,832) 
  Celgene Corp.  70.00  Jul 2012  46  12,467  (10,327) 
  Celgene Corp.  75.00  Jul 2012  69  7,076  (4,658) 
  Celgene Corp.  85.00  Jul 2012  115  20,164  (805) 
  Celgene Corp.  90.00  Jan 2013  161  38,474  (11,592) 
  Celgene Corp.  85.00  Jan 2013  115  28,711  (14,950) 

 

294  

 


Davita, Inc.  90.00  Jul 2012  53  13,114  (1,458) 
Express Scripts Holding Company  70.00  Jan 2013  28  4,291  (1,162) 
Express Scripts, Inc.  65.00  Jan 2013  70  16,794  (7,280) 
Gilead Sciences, Inc.  55.00  Aug 2012  137  24,455  (15,755) 
Henry Schein, Inc.  80.00  Jul 2012  25  5,118  (1,125) 
Henry Schein, Inc.  80.00  Oct 2012  46  11,592  (9,660) 
Illumina, Inc.  55.00  Jun 2012  10  4,270  (75) 
Incyte Corp.  22.50  Sep 2012  94  11,270  (18,800) 
Incyte Corp.  25.00  Dec 2012  94  12,408  (17,390) 
Intuitive Surgical, Inc.  550.00  Jan 2013  12  35,963  (54,480) 
McKesson Corp.  95.00  Aug 2012  23  3,841  (1,783) 
McKesson Corp.  95.00  Jan 2013  75  15,775  (22,125) 
McKesson Corp.  100.00  Jan 2013  23  6,773  (3,737) 
Merck & Company, Inc.  40.00  Jan 2013  51  6,579  (5,687) 
Monsanto Company  90.00  Jul 2012  51  10,094  (1,224) 
Monsanto Company  90.00  Jan 2013  26  11,752  (7,514) 
Regeneron Pharmaceuticals, Inc.  175.00  Aug 2012  11  4,367  (1,265) 
Regeneron Pharmaceuticals, Inc.  170.00  Jan 2013  46  29,351  (36,340) 
Regeneron Pharmaceuticals, Inc.  160.00  Jan 2013  46  39,147  (47,840) 
Regeneron Pharmaceuticals, Inc.  135.00  Jan 2013  73  82,518  (146,730) 
SXC Health Solutions Corp.  95.00  Oct 2012  23  2,921  (14,030) 
SXC Health Solutions Corp.  110.00  Oct 2012  91  15,652  (20,702) 
UnitedHealth Group, Inc.  65.00  Jan 2013  153  21,726  (28,458) 
Valeant Pharmaceuticals           
International, Inc.  65.00  Jan 2013  181  69,730  (35,295) 
WellPoint, Inc.  80.00  Jun 2012  25  3,850  (162) 
Zimmer Holdings, Inc.  65.00  Jan 2013  50  10,975  (14,875) 
Zimmer Holdings, Inc.  70.00  Jan 2013  125  19,812  (18,437) 
      2,674  $759,064  ($772,457) 
 
Puts           
Abbott Laboratories  $62.50  Jan 2013  97  $57,423  ($47,288) 
Agilent Technologies, Inc.  45.00  Jan 2013  20  18,640  (14,850) 
Alexion Pharmaceuticals, Inc.  90.00  Aug 2012  32  20,644  (20,480) 
Alexion Pharmaceuticals, Inc.  85.00  Aug 2012  32  14,064  (13,920) 
Alexion Pharmaceuticals, Inc.  80.00  Aug 2012  39  27,377  (11,018) 
Alexion Pharmaceuticals, Inc.  95.00  Jan 2013  13  17,751  (18,330) 
Allergan, Inc.  90.00  Jan 2013  14  7,518  (9,240) 

 

295  

 


AMERIGROUP Corp.  60.00  Jun 2012  13  13,286  (1,528) 
AMERIGROUP Corp.  70.00  Jan 2013  31  34,327  (42,625) 
Amylin Pharmaceuticals, Inc.  27.00  Jan 2013  23  11,776  (7,613) 
Amylin Pharmaceuticals, Inc.  20.00  Jan 2013  21  17,787  (2,951) 
AthenaHealth, Inc.  50.00  Jun 2012  30  22,142  (450) 
Baxter International, Inc.  65.00  Jan 2013  39  62,282  (59,183) 
Baxter International, Inc.  60.00  Jan 2013  39  38,492  (41,243) 
Biogen Idec, Inc.  145.00  Jan 2013  40  77,063  (83,800) 
Biogen Idec, Inc.  135.00  Jan 2013  93  162,467  (146,475) 
Biogen Idec, Inc.  115.00  Jan 2013  73  119,539  (57,670) 
Biogen Idec, Inc.  120.00  Jan 2013  25  45,492  (23,125) 
Biogen Idec, Inc.  140.00  Jan 2013  96  163,408  (173,280) 
Bristol Myers Squibb Company  35.00  Jan 2013  138  45,499  (50,025) 
Catalyst Health Solutions, Inc.  50.00  Jun 2012  15  11,055  (1,275) 
Celgene Corp.  70.00  Jan 2013  14  8,578  (10,290) 
Celgene Corp.  72.50  Jan 2013  14  10,218  (12,215) 
Cerner Corp.  80.00  Jan 2013  23  17,942  (20,010) 
Cerner Corp.  85.00  Jan 2013  23  24,582  (26,680) 
Covidien PLC  50.00  Jul 2012  20  11,740  (2,200) 
CVS Caremark Corp.  50.00  Jan 2013  233  156,331  (153,780) 
CVS Caremark Corp.  45.00  Jan 2013  199  107,615  (73,630) 
Davita, Inc.  90.00  Jul 2012  5  4,835  (4,550) 
Edwards Lifesciences Corp.  70.00  Jan 2013  30  26,118  (9,825) 
Eli Lilly & Company  40.00  Jan 2013  272  82,439  (87,040) 
Express Scripts, Inc.  50.00  Jun 2012  15  11,105  (863) 
Express Scripts, Inc.  50.00  Jan 2013  28  18,256  (12,320) 
Express Scripts, Inc.  57.50  Jan 2013  47  37,928  (38,658) 
Express Scripts, Inc.  55.00  Jan 2013  47  41,208  (31,843) 
Forest Laboratories, Inc.  40.00  Jan 2013  200  118,398  (118,000) 
Forest Laboratories, Inc.  35.00  Jan 2013  48  22,656  (13,680) 
Gilead Sciences, Inc.  45.00  Aug 2012  10  4,270  (1,365) 
Gilead Sciences, Inc.  60.00  Jan 2013  39  37,964  (47,287) 
Gilead Sciences, Inc.  55.00  Jan 2013  39  26,207  (31,590) 
Gilead Sciences, Inc.  35.00  Jan 2013  15  7,380  (1,492) 
Humana, Inc.  97.50  Jan 2013  67  100,797  (154,100) 
Humana, Inc.  85.00  Jan 2013  51  61,791  (68,340) 

 

296  

 


Idenix Pharmaceuticals, Inc.  12.50  Jul 2012  29  10,063  (11,890) 
Intermune, Inc.  20.00  Jan 2013  49  33,293  (50,102) 
Intuitive Surgical, Inc.  400.00  Jan 2013  6  23,982  (9,570) 
Johnson & Johnson  67.50  Jan 2013  69  45,332  (48,127) 
Johnson & Johnson  70.00  Jan 2013  147  121,051  (130,830) 
Medicis Pharmaceutical, Class A  35.00  Jul 2012  72  28,310  (9,180) 
Medicus Pharmaceutical, Class A  45.00  Oct 2012  92  71,279  (90,160) 
Medivation, Inc.  100.00  Jan 2013  8  19,176  (19,880) 
Mednax, Inc.  70.00  Nov 2012  20  16,031  (22,200) 
Medtronic, Inc.  40.00  Jan 2013  96  49,151  (50,400) 
Merck & Company, Inc.  45.00  Jan 2013  102  85,117  (89,760) 
Mettler Toledo International  180.00  Oct 2012  1  1,997  (2,730) 
Monsanto Company  80.00  Jul 2012  10  5,520  (5,275) 
Monsanto Company  75.00  Jan 2013  22  15,969  (16,005) 
Monsanto Company  80.00  Jan 2013  15  24,930  (14,700) 
Nuance Communications, Inc.  25.00  Jan 2013  28  10,427  (15,960) 
Nuance Communications, Inc.  30.00  Jan 2013  73  45,048  (74,460) 
Pfizer, Inc.  27.00  Jan 2013  464  252,144  (252,880) 
Pfizer, Inc.  25.00  Jan 2013  411  181,658  (153,097) 
Pfizer, Inc.  22.50  Jan 2013  306  82,315  (61,506) 
Quest Diagnostics, Inc.  60.00  Aug 2012  41  21,606  (18,450) 
Quest Diagnostics, Inc.  65.00  Aug 2012  82  71,503  (70,930) 
Quest Diagnostics, Inc.  60.00  Nov 2012  27  14,802  (15,390) 
Regeneron Pharmaceuticals, Inc.  105.00  Jan 2013  36  63,885  (30,600) 
Salix Pharmaceuticals, Ltd.  45.00  Jul 2012  8  3,976  (920) 
Sanofi ADR  41.00  Sep 2012  198  125,346  (127,710) 
St. Jude Medical, Inc.  45.00  Jan 2013  35  31,744  (29,750) 
Stryker Corp.  65.00  Jan 2013  10  15,570  (13,700) 
Stryker Corp.  60.00  Jan 2013  25  28,987  (24,625) 
SXC Health Solutions Corp.  65.00  Jul 2012  26  21,150  (650) 
SXC Health Solutions Corp.  70.00  Oct 2012  48  44,015  (10,320) 
Teva Pharmaceuticals, Ltd. ADR  45.00  Jan 2013  15  13,755  (10,912) 
Teva Pharmaceuticals, Ltd. ADR  50.00  Jan 2013  76  68,741  (87,400) 
Teva Pharmaceuticals, Ltd. ADR  52.50  Jan 2013  30  26,834  (40,950) 
Teva Pharmaceuticals, Ltd. ADR  55.00  Jan 2013  20  21,739  (32,400) 
Thermo Fisher Scientific, Inc.  50.00  Jun 2012  25  20,050  (2,562) 

 

297  

 


UnitedHealth Group, Inc.  55.00  Jan 2013  25  19,302  (13,375) 
Valeant Pharmaceuticals           
International, Inc.  50.00  Jan 2013  18  14,181  (14,400) 
Valeant Pharmaceuticals           
International, Inc.  60.00  Jan 2013  68  79,544  (97,580) 
Valeant Pharmaceuticals           
International, Inc.  47.00  Jan 2013  31  26,100  (20,305) 
Valeant Pharmaceuticals           
International, Inc.  45.00  Jan 2013  31  23,001  (17,825) 
Vertex Pharmaceuticals, Inc.  65.00  Jan 2013  135  180,200  (179,550) 
Vertex Pharmaceuticals, Inc.  45.00  Jan 2013  97  117,077  (38,315) 
Warner Chilcott PLC, Class A  20.00  Jan 2013  25  12,425  (9,625) 
Watson Pharmaceuticals, Inc.  60.00  Aug 2012  25  12,545  (1,875) 
Watson Pharmaceuticals, Inc.  65.00  Nov 2012  5  2,985  (1,537) 
Watson Pharmaceuticals, Inc.  80.00  Nov 2012  113  97,682  (124,300) 
WellPoint, Inc.  70.00  Jan 2013  94  77,267  (78,490) 
Zimmer Holdings, Inc.  70.00  Jan 2013  10  15,470  (11,700) 
Zimmer Holdings, Inc.  65.00  Jan 2013  31  35,556  (23,405) 
      5,792  $4,356,221  ($4,024,390) 

 

Mutual Shares Fund

The Fund used written options to manage against anticipated changes in securities and to maintain diversity and liquidity of the Fund. At May 31, 2012, the Fund held no options on securities.

Redwood Fund

The Fund used written options to manage against anticipated changes in securities, gain exposure to certain securities and maintain diversity and liquidity of the Fund.

    Exercise  Expiration  Number of     
Fund  Name of Issuer  Price  date  Contracts  Premium  Value 
Redwood Fund  Calls           
  Abercrombie & Fitch Company, Class A  $38.00  Jan 2013  1,212  $1,805,212  ($454,500) 
  Aetna, Inc.  40.00  Jan 2013  2,647  2,255,136  (1,270,560) 
  Apple, Inc.  450.00  Jan 2013  364  4,735,161  (5,343,520) 
  Avon Products, Inc.  15.00  Oct 2012  2,147  871,614  (563,588) 
  Baxter International, Inc.  50.00  Jan 2013  1,360  1,172,264  (506,600) 
  Broadcom Corp., Class A  30.00  Jan 2013  1,741  1,678,249  (944,492) 
  Cameron International Corp.  38.00  Jan 2013  1,574  2,228,706  (1,692,050) 
  Carnival Corp.  30.00  Jan 2013  2,215  1,596,844  (974,600) 

 

298  

 


CBS Corp., Class B  20.00  Jan 2013  3,263  2,492,811  (3,964,545) 
Citigroup, Inc.  30.00  Jan 2013  2,267  2,101,415  (566,750) 
Citrix Systems, Inc.  55.00  Jan 2013  856  1,585,260  (1,874,640) 
Coach, Inc.  50.00  Jan 2013  1,392  2,527,664  (2,728,320) 
Consol Energy, Inc.  30.00  Jan 2013  1,524  1,915,594  (548,640) 
Danaher Corp.  40.00  Jan 2013  1,733  1,919,963  (2,270,230) 
Deckers Outdoor Corp.  65.00  Jan 2013  881  3,826,420  (462,525) 
Eaton Corp.  37.50  Jan 2013  1,282  1,329,377  (942,270) 
EOG Resources, Inc.  85.00  Jan 2013  544  1,377,368  (1,151,920) 
Estee Lauder Company, Class A  48.75  Jan 2013  1,455  2,250,809  (1,244,025) 
Express Scripts, Inc.  42.50  Jan 2013  1,471  1,907,817  (1,754,168) 
Ford Motor Company  11.00  Sep 2012  2,650  431,877  (153,700) 
Ford Motor Company  10.00  Jan 2013  7,321  2,247,324  (1,032,261) 
Freeport McMoran Copper  23.00  Jan 2013  1,672  2,519,618  (1,680,360) 
Guess?, Inc.  26.00  Jun 2012  1,514  752,406  (170,325) 
HCA Holdings, Inc.  23.00  Jan 2013  3,909  1,864,455  (1,974,045) 
Hertz Global Holdings, Inc.  11.00  Jun 2012  5,387  1,411,235  (1,441,023) 
Intel Corp.  22.50  Jan 2013  1,935  739,108  (812,700) 
International Paper Company  25.00  Jan 2013  2,951  2,586,333  (1,689,448) 
JPMorgan Chase & Company  28.00  Jan 2013  1,184  919,918  (828,800) 
Juniper Networks, Inc.  17.50  Jan 2013  1,521  847,143  (387,094) 
Las Vegas Sands Corp.  38.00  Jan 2013  2,768  5,686,686  (3,086,320) 
Marvell Technology Group, Ltd.  12.50  Jan 2013  4,951  1,506,141  (811,964) 
Microsoft Corp.  23.00  Jul 2012  15  6,742  (9,412) 
National Oilwell Varco, Inc.  60.00  Aug 2012  1,198  2,120,390  (1,135,105) 
Netapp, Inc.  30.00  Jan 2013  1,538  533,636  (588,285) 
Oracle Corp.  22.00  Jun 2012  3,050  3,040,723  (1,380,125) 
Oracle Corp.  25.00  Jan 2013  1,457  716,794  (524,520) 
Potash Corp. of Saskatchewan  40.00  Sep 2012  1,720  1,432,692  (506,540) 
Sandisk Corp.  29.00  Jan 2013  1,175  989,299  (813,687) 
Schlumberger, Ltd.  52.50  Jan 2013  1,797  3,594,067  (2,560,725) 
Southwestern Energy Company  30.00  Jun 2012  2,024  1,086,817  (81,972) 
Suncor Energy, Inc.  28.00  Jan 2013  2,297  722,334  (679,912) 
The Boeing Company  55.00  Jan 2013  742  1,052,415  (1,213,170) 
Tiffany & Company  50.00  Jan 2013  922  1,317,490  (845,935) 
Transocean, Ltd.  35.00  Jan 2013  1,700  2,447,061  (1,602,250) 

 

299  

 


United Continental Holdings  15.00  Jan 2013  2,742  2,201,979  (3,064,185) 
United States Steel Corp.  21.00  Jan 2013  3,397  1,294,145  (1,137,995) 
Verizon Communications, Inc.  35.00  Jan 2013  2,626  1,213,129  (1,838,200) 
Western Digital Corp.  30.00  Jan 2013  1,793  1,989,251  (1,026,492) 
Whole Foods Market, Inc.  72.50  Jan 2013  603  1,014,213  (1,221,075) 
      98,487  $87,863,105  ($63,555,568) 
Puts           
Abbott Laboratories  $50.00  Aug 2012  1,980  $225,667  ($60,390) 
American Express Company  47.00  Jan 2013  3,079  584,924  (780,527) 
Anadarko Petroleum Corp.  70.00  Aug 2012  1,697  520,927  (1,845,487) 
Caterpillar, Inc.  75.00  Jan 2013  1,320  425,000  (778,800) 
Google, Inc., Class A  500.00  Jan 2013  351  879,932  (972,270) 
Groupon, Inc.  13.00  Jan 2013  5,570  1,382,585  (3,063,500) 
Hasbro, Inc.  32.50  Jan 2013  1,920  440,103  (427,200) 
Pfizer, Inc.  18.00  Jun 2012  3,144  361,482  (4,716) 
Pfizer, Inc.  17.00  Jun 2012  3,144  267,164  (3,144) 
QUALCOMM, Inc.  40.00  Jul 2012  2,072  331,467  (23,828) 
SPDR S&P 500 ETF Trust  119.00  Aug 2012  1,617  383,181  (343,613) 
St. Jude Medical, Inc.  35.00  Oct 2012  1,733  341,352  (329,270) 
Tempur-Pedic International  55.00  Sep 2012  1,130  363,824  (1,265,600) 
      28,757  $6,507,608  ($9,898,345) 

 

Options on Exchange-Traded Futures Contracts

Global Bond Fund

The Fund used written options to manage against anticipated interest rate changes and maintain diversity and liquidity of the Fund.

    Exercise  Expiration  Number of     
Fund  Name of Issuer  Price  Date  Contracts  Premium  Value 
Global Bond Fund  Puts           
  U.S. Treasury 10-Year Note Futures  $132.00  Jun 2012  112  $65,147  ($21,000) 
        112  $65,147  ($21,000) 

 

Real Return Bond Fund

The Fund used written options to manage against anticipated interest rate changes and maintain diversity and liquidity of the Fund. At May 31, 2012, the Fund held no options on exchange-traded futures contracts.

300  

 


Total Return Fund

The Fund used written options to manage against anticipated interest rate changes and maintain diversity and liquidity of the Fund. At May 31, 2012, the Fund held no options on exchange-traded futures contracts.

Interest Rate Swaptions (OTC)

An interest rate swaption is an option to enter into an interest rate swap.

Global Bond Fund

The Fund used interest rate swaptions to manage against anticipated interest rate changes and maintain diversity and liquidity of the Fund.

        Pay/Receive             
      Floating Rate  Floating  Exercise  Expiration    Notional     
Fund  Description  Counterparty  Index  Rate  Rate  Date    Amount  Premium  Value 
 
Global Bond Fund  Calls                   
  1-Year Interest    3-Month USD               
  Rate Swap  JPMorgan Chase  LIBOR  Receive  0.80%  Oct 2012  USD  2,600,000  -  ($5,562) 
    Morgan Stanley                 
  2-Year Interest  Capital Services,  3-Month USD               
  Rate Swap  Inc.  LIBOR  Receive  0.92%  Nov 2012  USD  12,800,000  -  (72,146) 
  5-Year Interest    3-Month USD               
  Rate Swap  Bank of America  LIBOR  Receive  1.40%  Mar 2013  USD  4,000,000  $27,600  (59,090) 
  5-Year Interest  Deutsche Bank  3-Month USD               
  Rate Swap  AG  LIBOR  Receive  1.70%  Mar 2013  USD  62,200,000  738,315  (1,623,407) 
  5-Year Interest  Deutsche Bank  3-Month USD               
  Rate Swap  AG  LIBOR  Receive  1.40%  Mar 2013  USD  11,100,000  58,510  (163,976) 
    Morgan Stanley                 
  5-Year Interest  Capital Services,  3-Month USD               
  Rate Swap  Inc.  LIBOR  Receive  1.70%  Mar 2013  USD  5,200,000  73,320  (135,719) 
                97,900,000  $897,745  ($2,059,900) 
 
  Puts                   
  1-Year Interest    3-Month USD               
  Rate Swap  JPMorgan Chase  LIBOR  Receive  0.80%  Oct 2012  USD  2,600,000  -  ($1,203) 
    Morgan Stanley                 
  2-Year Interest  Capital Services,  3-Month USD               
  Rate Swap  Inc.  LIBOR  Receive  0.92%  Nov 2012  USD  12,800,000  -  (11,694) 

 

301  

 


3-Year Interest    3-Month USD               
Rate Swap  Bank of America  LIBOR  Receive  3.00%  Jun 2012  USD  10,800,000  $109,872  (1) 
3-Year Interest  Barclays Bank  3-Month USD               
Rate Swap  PLC  LIBOR  Receive  3.00%  Jun 2012  USD  5,000,000  44,795  - 
3-Year Interest    3-Month USD               
Rate Swap  Citibank N.A.  LIBOR  Receive  3.00%  Jun 2012  USD  8,100,000  87,856  (1) 
3-Year Interest  Deutsche Bank  3-Month USD               
Rate Swap  AG  LIBOR  Receive  3.00%  Jun 2012  USD  6,400,000  69,580  (1) 
3-Year Interest  Deutsche Bank  3-Month USD               
Rate Swap  AG  LIBOR  Receive  2.75%  Jun 2012  USD  6,900,000  71,626  (1) 
3-Year Interest    3-Month USD               
Rate Swap  JPMorgan Chase  LIBOR  Receive  3.00%  Jun 2012  USD  7,500,000  71,053  (1) 
3-Year Interest  The Royal Bank  3-Month USD               
Rate Swap  of Scotland PLC  LIBOR  Receive  3.00%  Jun 2012  USD  7,700,000  85,321  (1) 
3-Year Interest  The Royal Bank  3-Month USD               
Rate Swap  of Scotland PLC  LIBOR  Receive  2.75%  Jun 2012  USD  6,600,000  64,680  - 
5-Year Interest    3-Month USD               
Rate Swap  Bank of America  LIBOR  Receive  1.40%  Mar 2013  USD  4,000,000  95,200  (30,806) 
5-Year Interest  Deutsche Bank  3-Month USD               
Rate Swap  AG  LIBOR  Receive  1.70%  Mar 2013  USD  62,200,000  1,171,500  (279,272) 
5-Year Interest  Deutsche Bank  3-Month USD               
Rate Swap  AG  LIBOR  Receive  1.40%  Mar 2013  USD  11,100,000  311,060  (85,485) 
  Morgan Stanley                 
5-Year Interest  Capital Services,  3-Month USD               
Rate Swap  Inc.  LIBOR  Receive  1.70%  Mar 2013  USD  5,200,000  86,320  (23,347) 
  Morgan Stanley                 
10-Year Interest  Capital Services,  3-Month USD               
Rate Swap  Inc.  LIBOR  Receive  10.00%  Jul 2012  USD  6,600,000  39,600  (1) 
              163,500,000  $2,308,463  ($431,814) 

 

Real Return Bond Fund

The Fund used interest rate swaptions to manage against anticipated interest rate changes and maintain diversity and liquidity of the Fund.

        Pay/Receive           
      Floating Rate  Floating  Exercise  Expiration  Notional     
Fund  Description  Counterparty  Index  Rate  Rate  Date  Amount  Premium  Value 
Real Return                   
Bond Fund  Calls                 

 

302  

 


1-Year Interest  Goldman Sachs  3-Month USD               
Rate Swap  International  LIBOR  Receive  0.80%  Oct 2012  USD  5,400,000  -  ($11,551) 
1-Year Interest    3-Month USD               
Rate Swap  JPMorgan Chase  LIBOR  Receive  0.80%  Oct 2012  USD  5,500,000  -  (11,765) 
  Morgan Stanley                 
2-Year Interest  Capital Services,  3-Month USD               
Rate Swap  Inc.  LIBOR  Receive  1.06%  Oct 2012  USD  11,900,000  -  (96,983) 
  Morgan Stanley                 
2-Year Interest  Capital Services,  3-Month USD               
Rate Swap  Inc.  LIBOR  Receive  0.92%  Nov 2012  USD  13,600,000  -  (76,655) 
5-Year Interest  Deutsche Bank  3-Month USD               
Rate Swap  AG  LIBOR  Receive  1.50%  Sep 2012  USD  10,700,000  $91,460  (219,849) 
5-Year Interest    3-Month USD               
Rate Swap  Citibank N.A.  LIBOR  Receive  1.70%  Mar 2013  USD  5,500,000  64,900  ($143,549) 
5-Year Interest  Deutsche Bank  3-Month USD               
Rate Swap  AG  LIBOR  Receive  1.70%  Mar 2013  USD  16,400,000  194,175  (428,037) 
              69,000,000  $350,535  ($988,389) 
 
Puts                   
1-Year Interest  Goldman Sachs  3-Month USD               
Rate Swap  International  LIBOR  Receive  0.80%  Oct 2012  USD  5,400,000  -  ($2,499) 
1-Year Interest    3-Month USD               
Rate Swap  JPMorgan Chase  LIBOR  Receive  0.80%  Oct 2012  USD  5,500,000  -  (2,545) 
  Morgan Stanley                 
2-Year Interest  Capital Services,  3-Month USD               
Rate Swap  Inc.  LIBOR  Receive  1.06%  Oct 2012  USD  11,900,000  -  (5,186) 
  Morgan Stanley                 
2-Year Interest  Capital Services,  3-Month USD               
Rate Swap  Inc.  LIBOR  Receive  0.92%  Nov 2012  USD  13,600,000  -  (12,425) 
5-Year Interest  Deutsche Bank  3-Month USD               
Rate Swap  AG  LIBOR  Receive  1.50%  Sep 2012  USD  10,700,000  $145,100  (14,186) 
5-Year Interest    3-Month USD               
Rate Swap  Citibank N.A.  LIBOR  Receive  1.70%  Mar 2013  USD  5,500,000  103,400  (24,694) 
5-Year Interest  Deutsche Bank  3-Month USD               
Rate Swap  AG  LIBOR  Receive  1.70%  Mar 2013  USD  16,400,000  319,125  (73,634) 
5-Year Interest  Deutsche Bank  3-Month USD               
Rate Swap  AG  LIBOR  Receive  2.85%  Apr 2014  USD  16,900,000  202,800  (105,121) 
  Morgan Stanley                 
10-Year Interest  Capital Services,  3-Month USD               
Rate Swap  Inc.  LIBOR  Receive  10.00%  Jul 2012  USD  2,400,000  15,840  - 

 

303  

 


10-Year Interest  The Royal Bank  3-Month USD               
Rate Swap  of Scotland PLC  LIBOR  Receive  10.00%  Jul 2012  USD  4,200,000  28,560  - 
              92,500,000  $814,825  ($240,290) 

 

Total Return Fund

The Fund used interest rate swaptions to manage against anticipated interest rate changes and maintain diversity and liquidity of the Fund.

        Pay/Receive             
      Floating Rate  Floating  Exercise  Expiration    Notional     
Fund  Description  Counterparty  Index  Rate  Rate   Date    Amount  Premium  Value 
Total Return                     
Fund  Calls                   
  5-Year Interest  Credit Suisse  3-Month USD               
  Rate Swap  International  LIBOR  Receive  1.40%  Mar 2013  USD  5,100,000  $47,430  ($75,340) 
    Morgan Stanley                 
  5-Year Interest  Capital Services,  3-Month USD               
  Rate Swap  Inc.  LIBOR  Receive  1.40%  Mar 2013  USD  7,700,000  71,995  (113,749) 
  10-Year Interest  The Royal Bank  3-Month USD               
  Rate Swap  of Scotland PLC  LIBOR  Receive  1.50%  May 2013  USD  7,200,000  54,360  (77,283) 
                20,000,000  $173,785  ($266,372) 
 
  Puts                   
  1-Year Interest  The Royal Bank  3 Month USD-               
  Rate Swap  of Scotland PLC  LIBOR  Receive  1.75%  Nov 2012  USD  37,900,000  $143,072  ($2,706) 
  1-Year Interest    3 Month USD-               
  Rate Swap  Bank of America  LIBOR  Receive  2.25%  May 2013  USD  38,000,000  188,100  (7,672) 
  2-Year Interest    3 Month USD-               
  Rate Swap  Bank of America  LIBOR  Receive  2.25%  Sep 2012  USD  22,500,000  189,369  (131) 
  2-Year Interest    3 Month USD-               
  Rate Swap  Citibank N.A.  LIBOR  Receive  2.25%  Sep 2012  USD  2,700,000  18,394  (16) 
    Morgan Stanley                 
  2-Year Interest  Capital Services,  3 Month USD-               
  Rate Swap  Inc.  LIBOR  Receive  2.25%  Sep 2012  USD  32,000,000  195,800  (186) 
  2-Year Interest  The Royal Bank  3 Month USD-               
  Rate Swap  of Scotland PLC  LIBOR  Receive  2.25%  Sep 2012  USD  97,800,000  769,975  (567) 
  2-Year Interest    3 Month USD-               
  Rate Swap  Citibank N.A.  LIBOR  Receive  0.92%  Nov 2012  USD  11,900,000  53,550  (10,872) 

 

304  

 


  Morgan Stanley                 
2-Year Interest  Capital Services,  3 Month USD-               
Rate Swap  Inc.  LIBOR  Receive  0.92%  Nov 2012  USD  82,700,000  229,539  (75,555) 
2-Year Interest  Deutsche Bank  3 Month USD-               
Rate Swap  AG  LIBOR  Receive  1.20%  Jul 2013  USD  24,300,000  171,503  (38,982) 
3-Year Interest    3 Month USD-               
Rate Swap  Bank of America  LIBOR  Receive  3.00%  Jun 2012  USD  29,700,000  307,948  (3) 
3-Year Interest  Barclays Bank  3 Month USD-               
Rate Swap  PLC  LIBOR  Receive  3.00%  Jun 2012  USD  13,000,000  116,262  (1) 
3-Year Interest    3 Month USD-               
Rate Swap  Citibank N.A.  LIBOR  Receive  3.00%  Jun 2012  USD  28,300,000  308,165  (3) 
3-Year Interest  Deutsche Bank  3 Month USD-               
Rate Swap  AG  LIBOR  Receive  3.00%  Jun 2012  USD  19,800,000  215,447  (2) 
3-Year Interest  Deutsche Bank  3 Month USD-               
Rate Swap  AG  LIBOR  Receive  2.75%  Jun 2012  USD  12,500,000  129,758  (1) 
3-Year Interest    3 Month USD-               
Rate Swap  JPMorgan Chase  LIBOR  Receive  3.00%  Jun 2012  USD  35,200,000  359,696  (4) 
3-Year Interest  The Royal Bank  3 Month USD-               
Rate Swap  of Scotland PLC  LIBOR  Receive  3.00%  Jun 2012  USD  52,400,000  448,986  (5) 
3-Year Interest  The Royal Bank  3 Month USD-               
Rate Swap  of Scotland PLC  LIBOR  Receive  2.75%  Jun 2012  USD  15,700,000  153,860  (2) 
3-Year Interest  Deutsche Bank  3 Month USD-               
Rate Swap  AG  LIBOR  Receive  1.00%  Aug 2012  USD  9,100,000  93,502  (3,957) 
5-Year Interest    3 Month USD-               
Rate Swap  Citibank N.A.  LIBOR  Receive  3.25%  Jul 2012  USD  17,900,000  442,548  (2) 
5-Year Interest  The Royal Bank  3 Month USD-               
Rate Swap  of Scotland PLC  LIBOR  Receive  3.25%  Jul 2012  USD  5,900,000  148,149  (1) 
5-Year Interest    3 Month USD-               
Rate Swap  Bank of America  LIBOR  Receive  1.70%  Aug 2012  USD  10,200,000  122,400  (1,844) 
5-Year Interest    3 Month USD-               
Rate Swap  Citibank N.A.  LIBOR  Receive  1.70%  Aug 2012  USD  84,900,000  1,083,915  (15,350) 
5-Year Interest    3 Month USD-               
Rate Swap  Citibank N.A.  LIBOR  Receive  1.55%  Aug 2012  USD  7,700,000  53,130  (3,075) 
5-Year Interest  Credit Suisse  3 Month USD-               
Rate Swap  International  LIBOR  Receive  1.55%  Aug 2012  USD  12,800,000  68,800  (5,112) 
5-Year Interest  Credit Suisse  3 Month USD-               
Rate Swap  International  LIBOR  Receive  1.35%  Aug 2012  USD  13,700,000  29,112  (15,048) 

 

305  

 


5-Year Interest  Deutsche Bank  3 Month USD-               
Rate Swap  AG  LIBOR  Receive  1.55%  Aug 2012  USD  122,600,000  801,901  (48,967) 
5-Year Interest  Deutsche Bank  3 Month USD-               
Rate Swap  AG  LIBOR  Receive  1.70%  Aug 2012  USD  58,600,000  684,657  (10,595) 
5-Year Interest    3 Month USD-               
Rate Swap  JPMorgan Chase  LIBOR  Receive  1.70%  Aug 2012  USD  47,900,000  288,598  (8,660) 
  Morgan Stanley                 
5-Year Interest  Capital Services,  3 Month USD-               
Rate Swap  Inc.  LIBOR  Receive  1.55%  Aug 2012  USD  13,100,000  58,623  (5,232) 
5-Year Interest  The Royal Bank  3 Month USD-               
Rate Swap  of Scotland PLC  LIBOR  Receive  1.35%  Aug 2012  USD  21,700,000  88,699  (23,835) 
5-Year Interest  The Royal Bank  3 Month USD-               
Rate Swap  of Scotland PLC  LIBOR  Receive  1.70%  Aug 2012  USD  41,500,000  575,822  (7,503) 
5-Year Interest  The Royal Bank  3 Month USD-               
Rate Swap  of Scotland PLC  LIBOR  Receive  1.55%  Aug 2012  USD  47,700,000  222,911  (19,051) 
5-Year Interest  Credit Suisse  3 Month USD-               
Rate Swap  International  LIBOR  Receive  1.40%  Mar 2013  USD  5,100,000  98,430  (39,277) 
5-Year Interest  Deutsche Bank  3 Month USD-               
Rate Swap  AG  LIBOR  Receive  2.00%  Mar 2013  USD  12,700,000  119,310  (33,998) 
  Morgan Stanley                 
5-Year Interest  Capital Services,  3 Month USD-               
Rate Swap  Inc.  LIBOR  Receive  1.40%  Mar 2013  USD  7,700,000  149,380  (59,301) 
5-Year Interest  The Royal Bank  3 Month USD-               
Rate Swap  of Scotland PLC  LIBOR  Receive  1.75%  May 2013  USD  27,200,000  201,790  (168,120) 
  Morgan Stanley                 
10-Year Interest  Capital Services,  3 Month USD-               
Rate Swap  Inc.  LIBOR  Receive  10.00%  Jul 2012  USD  11,300,000  68,082  (1) 
              1,135,700,000  $9,399,183  ($605,637) 

 

Credit Default Swaptions (OTC)

A credit default swaption is an option to enter into a credit default swap.

High Yield Fund

The Fund used credit default swaptions to manage against potential credit events.

        Buy/Sell  Exercise  Expiration       
Fund  Description  Counterparty  Index  Protection  Rate  Date  Notional Amount  Premium  Value 
High Yield Fund  Puts                 

 

306  

 


5-Year Credit    MARKIT               
Default Swap  BNP Paribas  CDX.NA.HY.18  Buy  0.94%  Jun 2012  USD  15,800,000  $211,720  ($301,792) 
5-Year Credit    MARKIT               
Default Swap  BNP Paribas  CDX.NA.HY.18  Buy  0.88%  Jul 2012  USD  32,683,000  245,123  (208,324) 
5-Year Credit    MARKIT               
Default Swap  BNP Paribas  CDX.NA.HY.18  Buy  0.87%  Sep 2012  USD  30,806,000  459,009  (499,135) 
              79,289,000  $915,852  ($1,009,251) 

 

Real Return Bond Fund and Total Return Fund used credit default swaptions to generate potential income. At May 31, 2012, the Funds held no credit default swaptions.

Inflation Floors (OTC)

Inflation floors are instruments where in return for a premium, one party agrees to make payments to the other to the extent that interest rates fall below a specified rate (based on the Consumer Price Index or other measure), or “floor”.

Global Bond Fund

The Fund used inflation floors to manage against anticipated interest rate changes, manage duration and as a substitute for securities purchased.

      Strike    Expiration    Notional     
Fund  Description  Counterparty  Index  Exercise Index  Date    Amount  Premium  Value 
  Floor- OTC      Maximum of ((1+0.0%)10 - (Index           
Global Bond Fund  CPURNSA Index  Citibank N.A.  217.965  Final/Index Initial)) or $0  Sep 2020  USD  1,700,000  $21,930  ($2,846) 
  Floor- OTC      Maximum of ((1+0.0%)10 - (Index           
  CPURNSA Index  Deutsche Bank AG  218.011  Final/Index Initial)) or $0  Oct 2020  USD  2,000,000  19,600  (5,739) 
              3,700,000  $41,530  ($8,585) 

 

Real Return Bond Fund

The Fund used inflation floors to manage against anticipated interest rate changes, manage duration and as a substitute for securities purchased.

      Strike    Expiration    Notional     
Fund  Description  Counterparty  Index  Exercise Index  Date    Amount  Premium  Value 
Real Return Bond  Floor- OTC      Maximum of ((1+0.0%)10 - (Index           
Fund  CPURNSA Index  Deutsche Bank AG  215.949  Final/Index Initial)) or $0  Mar 2020  USD  2,900,000  $21,750  ($6,874) 
  Floor- OTC      Maximum of ((1+0.0%)10 - (Index           
  CPURNSA Index  Citibank N.A.  215.949  Final/Index Initial)) or $0  Mar 2020  USD  12,300,000  103,980  (18,278) 
  Floor- OTC      Maximum of ((1+0.0%)10 - (Index           
  CPURNSA Index  Citibank N.A.  216.687  Final/Index Initial)) or $0  Apr 2020  USD  23,900,000  213,520  (37,396) 
            39,100,000  $339,250  ($62,548) 

 

307  

 


Total Return Fund

The Fund used inflation floors to manage against anticipated interest rate changes, manage duration and as a substitute for securities purchased.

      Strike    Expiration    Notional     
Fund  Description  Counterparty  Index  Exercise Index  Date    Amount  Premium  Value 
 
  Floor- OTC      Maximum of ((1+0.0%)10 - (Index           
Total Return Fund  CPURNSA Index  Deutsche Bank AG  215.949  Final/Index Initial)) or $0  Mar 2020  USD  1,600,000  $12,000  ($3,793) 
 
  Floor- OTC      Maximum of ((1+0.0%)10 - (Index           
  CPURNSA Index  Citibank N.A.  215.949  Final/Index Initial)) or $0  Mar 2020  USD  4,500,000  38,060  (6,687) 
 
  Floor- OTC      Maximum of ((1+0.0%)10 - (Index           
  CPURNSA Index  Citibank N.A.  216.687  Final/Index Initial)) or $0  Apr 2020  USD  11,000,000  98,100  (17,211) 
 
  Floor- OTC      Maximum of ((1+0.0%)10 - (Index           
  CPURNSA Index  Citibank N.A.  217.965  Final/Index Initial)) or $0  Sep 2020  USD  4,100,000  52,890  (6,864) 
              21,200,000  $201,050  ($34,555) 

 

Swaps. The Funds may enter into interest rate, credit default, and other forms of swap agreements. Swap agreements are agreements between a Fund and counterparty to exchange cash flows, assets, foreign currencies or market-linked returns at specified intervals. Swap agreements are privately negotiated in the over-the-counter market (OTC swaps) or may be executed on a registered commodities exchange (exchange traded swaps). Swaps are marked-to-market daily, and the change in value is recorded as a component of unrealized appreciation/depreciation of swap contracts. The value of the swap will typically implicate collateral posting obligations by the party that is considered out-of-the-money on the swap.

Entering into swap agreements involves, to varying degrees, elements of credit, market and documentation risk. Such risks involve the possibility that there will be no liquid market for the swap, or that a counterparty may default on its obligation or delay payment under the swap terms. The counterparty may disagree or contest the terms of the swap. Market risks may also accompany the swap, including interest rate risk. The Funds may also suffer losses if they are unable to terminate or assign outstanding swaps or reduce its exposure through offsetting transactions.

Interest rate swaps. Interest rate swaps represent an agreement between a Fund and counterparty to exchange cash flows based on the difference between two interest rates applied to a notional amount. The payment flows are usually netted against each other, with the difference being paid by one party to the other. The Fund settles accrued net interest receivable or payable under the swap contracts at specified, future intervals.

The following table summarizes the contracts held at May 31, 2012, and the range of notional contracts amounts held by the Funds during the period ended May 31, 2012. In addition, the table details how the Funds used interest rate swap contracts during the period ended May 31, 2012.

Global Bond Fund

308  

 


The Fund used interest rate swaps to manage against anticipated interest rate changes, manage duration and as a substitute for securities purchased. During the period ended May 31, 2012, the Fund held interest rate swaps with total USD notional amounts ranging from approximately $195.6 million to $305.9 million, as measured at each quarter end.

                Unamortized     
        USD    Payments    Upfront  Unrealized   
    Notional    Notional  Payments Made  Received by  Maturity   Payment Paid  Appreciation   
Fund  Counterparty  Amount  Currency  Amount  by Fund  Fund  Date  (Received)  (Depreciation)   Market Value 
Global Bond Fund                   
          MXN-TIIE-           
  Barclays Bank PLC  21,100,000  MXN  $1,799,735  Banxico  Fixed 6.750%  Jun 2016  $7,560  $72,467  $80,027 
          MXN-TIIE-           
  Barclays Bank PLC  65,100,000  MXN  4,719,609  Banxico  Fixed 5.500%  Sep 2017  (19,534)  (6,623)  (26,157) 
          AUD-BBR-           
  Citibank N.A.  200,000  AUD  211,630  BBSW  Fixed 5.000%  Jun 2022  (824)  19,150  18,326 
  Credit Suisse International  1,610,000,000  JPY  20,063,555  6 Month LIBOR  Fixed 1.500%  Dec 2021  398,181  1,053,416  1,451,597 
  Credit Suisse International  3,580,000,000  JPY  44,313,804  6 Month LIBOR  Fixed 1.000%  Sep 2022  (264,735)  763,495  498,760 
  Credit Suisse International  320,000,000  JPY  4,083,716  6 Month LIBOR  Fixed 2.000%  Dec 2041  401,355  31,195  432,550 
          AUD-BBR-           
  Deutsche Bank AG  1,500,000  AUD  1,587,224  BBSW  Fixed 5.000%  Jun 2022  (5,555)  142,999  137,444 
  Deutsche Bank AG  3,800,000  USD  3,800,000  Fixed 2.250%  3 Month LIBOR  Jun 2022  (17,387)  (155,537)  (172,924) 
  Deutsche Bank AG  1,480,000,000  JPY  18,348,624  6 Month LIBOR  Fixed 1.000%  Sep 2022  (140,367)  346,558  206,191 
  Goldman Sachs  12,900,000  USD  12,900,000  Fixed 2.250%  3 Month LIBOR  Jun 2022  (108,031)  (479,000)  (587,031) 
          MXN-TIIE-           
  HSBC Bank USA  40,600,000  MXN  3,493,059  Banxico  Fixed 6.590%  Dec 2015  10,393  120,767  131,160 
          MXN-TIIE-           
  HSBC Bank USA  18,800,000  MXN  1,617,587  Banxico  Fixed 6.750%  Jun 2016  8,639  62,665  71,304 
          MXN-TIIE-           
  HSBC Bank USA  24,400,000  MXN  1,988,136  Banxico  Fixed 5.800%  Jun 2016  842  31,474  32,316 
          MXN-TIIE-           
  HSBC Bank USA  23,300,000  MXN  1,684,914  Banxico  Fixed 5.500%  Sep 2017  (7,076)  (2,286)  (9,362) 
          MXN-TIIE-           
  HSBC Bank USA  16,100,000  MXN  1,331,136  Banxico  Fixed 6.960%  Jul 2020  (62,850)  120,751  57,901 
  Morgan Stanley Capital Services,        MXN-TIIE-           
  Inc.  62,900,000  MXN  5,208,538  Banxico  Fixed 6.590%  Dec 2015  (52,037)  255,238  203,201 
  Morgan Stanley Capital Services,        MXN-TIIE-           
  Inc.  221,700,000  MXN  18,933,391  Banxico  Fixed 6.750%  Jun 2016  138,266  702,583  840,849 
  Morgan Stanley Capital Services,        MXN-TIIE-           
  Inc.  21,200,000  MXN  1,533,859  Banxico  Fixed 5.500%  Sep 2017  (6,320)  (2,198)  (8,518) 
  Morgan Stanley Capital Services,        MXN-TIIE-           
  Inc.  18,000,000  MXN  1,548,753  Banxico  Fixed 7.500%  Jun 2021  10,308  96,137  106,445 
  Morgan Stanley Capital Services,                   
  Inc.  520,000,000  JPY  6,428,483  6 Month LIBOR  Fixed 1.000%  Sep 2022  (16,071)  88,517  72,446 
  The Royal Bank of Scotland PLC  1,340,000,000  JPY  16,698,860  6 Month LIBOR  Fixed 1.500%  Dec 2021  331,466  876,696  1,208,162 
  UBS AG  19,100,000  USD  19,100,000  Fixed 2.250%  3 Month LIBOR  Jun 2022  (34,877)  (834,293)  (869,170) 
  UBS AG  20,000,000  JPY  251,604  6 Month LIBOR  Fixed 1.000%  Sep 2022  1,396  1,390  2,786 
  Exchange Traded Swaps                   

 

309  

 


      6 Month GBP           
24,200,000  GBP  37,439,799  LIBOR  Fixed 2.500%  Sep 2013  (552,857)  (146,034)  (698,891) 
    $229,086,016        $19,885  $3,159,527  $3,179,412 

 

Investment Quality Bond Fund

The Fund used interest rate swaps to manage against anticipated interest rate changes. During the period ended May 31, 2012, the Fund held interest rate swaps with total USD notional amounts ranging from approximately $3.4 million to $11.7 million, as measured at each quarter end.

                Unamortized     
            Payments    Upfront  Unrealized   
    Notional    USD Notional  Payments  Received by  Maturity  Payment Paid  Appreciation  Market 
Fund  Counterparty  Amount  Currency  Amount  Made by Fund  Fund  Date  (Received)  (Depreciation)  Value 
Investment Quality                     
Bond Fund                     
  Goldman Sachs International  2,750,000  USD  $2,750,000  USA-CPI-U  Fixed 2.190%  May 2017  ($333)  $14,487  $14,154 
  Goldman Sachs International  5,505,000  USD  5,505,000  USA-CPI-U  Fixed 2.190%  May 2017  -  27,848  27,848 
  JPMorgan Chase Bank, N.A.  2,480,000  USD  2,480,000  Fixed 4.318%  3 Month LIBOR  Dec 2028  -  (794,949)  (794,949) 
  JPMorgan Chase Bank, N.A.  925,000  USD  925,000  Fixed 3.425%  3 Month LIBOR  Jul 2039  -  (209,892)  (209,892) 
        $11,660,000        ($333)  ($962,506)  ($962,839) 

 

Real Return Bond Fund

The Fund used interest rate swaps to manage against anticipated interest rate changes, manage duration and as a substitute for securities purchased. During the period ended May 31, 2012, the Fund held interest rate swaps with total USD notional amounts ranging from approximately $88.2 million to $140.1 million, as measured at each quarter end.

                Unamortized     
                Upfront     
          Payments  Payments    Payment  Unrealized   
    Notional    USD Notional  Made by  Received by  Maturity  Paid  Appreciation  Market 
Fund  Counterparty  Amount  Currency  Amount  Fund  Fund  Date  (Received)  (Depreciation)  Value 
Real Return Bond Fund                   
  Barclays Bank PLC  1,847,429  BRL  $1,287,217  CDI  Fixed 9.970%  Jan 2014  -  $25,056  $25,056 
              Nov       
  BNP Paribas  1,600,000  USD  1,600,000  CPURNSA  Fixed 1.500%  2012  ($832)  (492)  (1,324) 
  Goldman Sachs  17,988,583  BRL  13,011,908  CDI  Fixed 9.980%  Jan 2014  33,603  216,845  250,448 
  HSBC Bank USA  33,978,001  BRL  23,745,589  CDI  Fixed 10.530%  Jan 2014  169,079  454,621  623,700 
  HSBC Bank USA  5,997,786  BRL  4,340,278  CDI  Fixed 10.180%  Jan 2014  34,467  62,319  96,786 
  Morgan Stanley Capital Services,                   
  Inc.  6,661,630  BRL  4,736,016  CDI  Fixed 10.580%  Jan 2014  38,180  88,290  126,470 
  Morgan Stanley Capital Services,                   
  Inc.  4,714,312  BRL  3,427,443  CDI  Fixed 10.220%  Jan 2014  29,368  49,949  79,317 
  UBS AG  50,011,913  BRL  36,056,755  CDI  Fixed 10.380%  Jan 2014  301,514  583,879  885,393 
        $88,205,206        $605,379  $1,480,467  $2,085,846 

 

310  

 


Total Return Fund

The Fund used interest rate swaps to manage against anticipated interest rate changes, manage duration and as a substitute for securities purchased. During the period ended May 31, 2012, the Fund held interest rate swaps with total USD notional amounts ranging approximately from $172.3 million to $603.3 million, as measured at each quarter end.

                Unamortized     
            Payments    Upfront  Unrealized   
    Notional    USD Notional  Payments Made by  Received by  Maturity  Payment Paid  Appreciation   
Fund  Counterparty  Amount  Currency  Amount  Fund  Fund  Date  (Received)  (Depreciation)  Market Value 
Total Return Fund                   
  Barclays Bank PLC  9,900,000  MXN  $739,797  MXN-TIIE-Banxico  Fixed 5.600%  Sep 2016  $4,345  $2,547  $6,892 
  Barclays Bank PLC  700,000  AUD  693,910  AUD-BBR-BBSW  Fixed 4.250%  Jun 2017  (687)  25,642  24,955 
  Barclays Bank PLC  54,400,000  MXN  3,956,516  MXN-TIIE-Banxico  Fixed 5.500%  Sep 2017  (9,877)  (11,981)  (21,858) 
  Citibank N.A.  1,400,000  AUD  1,465,310  AUD-BBR-BBSW  Fixed 5.000%  Jun 2017  10,631  86,053  96,684 
  Citibank N.A.  1,000,000  AUD  1,030,900  AUD-BBR-BBSW  Fixed 4.250%  Jun 2017  (4,859)  40,509  35,650 
  Citibank N.A.  1,600,000  AUD  1,688,881  AUD-BBR-BBSW  Fixed 5.250%  Jun 2022  (11,434)  190,462  179,028 
  Deutsche Bank AG  700,000  AUD  732,655  AUD-BBR-BBSW  Fixed 5.000%  Jun 2017  5,557  42,785  48,342 
  Deutsche Bank AG  1,600,000  AUD  1,609,600  AUD-BBR-BBSW  Fixed 4.250%  Jun 2017  (3,384)  60,424  57,040 
  Goldman Sachs  6,400,000  AUD  6,755,523  AUD-BBR-BBSW  Fixed 5.000%  Jun 2017  24,303  417,681  441,984 
  HSBC Bank USA  106,000,000  MXN  8,179,352  MXN-TIIE-Banxico  Fixed 5.600%  Sep 2016  41,620  32,169  73,789 
  HSBC Bank USA  60,600,000  MXN  4,416,169  MXN-TIIE-Banxico  Fixed 5.500%  Sep 2017  (11,331)  (13,018)  (24,349) 
  Morgan Stanley Capital Services, Inc.  8,900,000  MXN  723,710  MXN-TIIE-Banxico  Fixed 5.600%  Sep 2016  1,520  4,676  6,196 
  Morgan Stanley Capital Services, Inc.  15,000,000  MXN  1,085,278  MXN-TIIE-Banxico  Fixed 5.500%  Sep 2017  (3,506)  (2,521)  (6,027) 
  Morgan Stanley Capital Services, Inc.  65,100,000  MXN  5,288,662  MXN-TIIE-Banxico  Fixed 6.350%  Jun 2021  82,758  (69,951)  12,807 
  The Royal Bank of Scotland PLC  1,300,000  AUD  1,360,645  AUD-BBR-BBSW  Fixed 5.000%  Jun 2017  10,443  79,335  89,778 
  Exchange Traded Swaps                   
    82,600,000  USD  82,600,000  3 Month LIBOR  Fixed 2.750%  Jun 2042  2,044,017  (8,127,813)  (6,083,796) 
    50,000,000  USD  50,000,000  3 Month LIBOR  Fixed 1.500%  Mar 2016  (1,424)  175,409  173,985 
        $172,326,908        $2,178,692  ($7,067,592)  ($4,888,900) 

 

Currency swaps. A currency swap is an agreement between a Fund and counterparty to exchange cash flows based on the notional difference among two or more currencies.

Global Bond Fund

The Fund used currency swaps to manage against anticipated currency exchange rate changes and as a substitute for securities purchased. During the period ended May 31, 2012, the Fund held cross currency swaps with total USD notional amounts ranging up to $9.1 million, as measured at each quarter end.

          Notional Amount  Notional Amount  Unamortized  Unrealized   
          of Currency  of Currency  Upfront Payment  Appreciation  Market 
Fund  Counterparty  Receive  Pay  Maturity Date *  Received  Delivered  Paid (Received)  (Depreciation)  Value 

 

311  

 


Global Bond Fund                   
    Floating rate equal to 3  Floating rate equal to 3             
    Month USD-LIBOR  Month JPY-LIBOR             
    based on the notional  less 0.755% based on             
    amount of currency  the notional amount of             
  BNP Paribas  delivered  the currency received  May 2014  $9,100,000  JPY 728,000,000  -  ($191,049)  ($191,049) 
              -  ($191,049)  ($191,049) 

 

* At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered.

Credit default swaps. Credit default swaps (CDS) involve the exchange of a fixed rate premium (paid by the Buyer), for protection against the loss in value of an underlying debt instrument, referenced entity or index, in the event of a defined credit event (such as payment default or bankruptcy). Under the terms of the swap, one party acts as a “guarantor” (the Seller), receiving the premium and agreeing to remedies that are specified within the credit default agreement. A Fund may enter into CDS in which it may act as either Buyer or Seller. By acting as the Seller, the Fund may incur economic leverage since it would be obligated to pay the Buyer the notional amount of the contract in the event of a default. The amount of loss in such case would be reduced by any recovery value on the underlying credit.

The following table summarizes the contracts held by the Funds as buyers of protection at May 31, 2012, and the range of contracts notional amounts held by the Funds during the period ended May 31, 2012.

Global Bond Fund

The Fund used credit default swaps to manage against potential credit events. During the period ended May 31, 2012, the Fund held credit default swaps with total USD notional amounts ranging from approximately $22.1 million to $25.5 million, as measured at each quarter end.

                Unamortized     
                Upfront     
          USD      Payment  Unrealized   
      Notional    Notional  (Pay)/Receive  Maturity  Paid  Appreciation  Market 
Fund  Counterparty  Reference Obligation  Amount  Currency  Amount  Fixed Rate  Date  (Received)  (Depreciation)  Value 
Global Bond Fund                     
  Bank of America N.A.  Xstrata Canada Corp.  3,000,000  USD  $3,000,000  (0.910)%  Jun 2012  -  ($6,810)  ($6,810) 
  Bank of America N.A.  Lafarge  2,000,000  USD  2,000,000  (1.690)%  Sep 2016  -  175,415  175,415 
  Bank of America N.A.  Intuit, Inc.  2,000,000  USD  2,000,000  (1.380)%  Mar 2017  -  (92,915)  (92,915) 
  Bank of America N.A.  CBS Corp.  1,800,000  USD  1,800,000  (1.000)%  Jun 2019  $165,127  (142,739)  22,388 
  BNP Paribas  Vivendi  800,000  USD  800,000  (1.743)%  Jun 2013  -  (7,503)  (7,503) 
  BNP Paribas  Vivendi  800,000  USD  800,000  (1.780)%  Jun 2013  -  (7,885)  (7,885) 
  BNP Paribas  Santander UK PLC  3,300,000  USD  3,300,000  (1.000)%  Jun 2016  225,928  47,329  273,257 
  Citibank N.A.  Autozone, Inc.  500,000  USD  500,000  (0.680)%  Dec 2012  -  (2,248)  (2,248) 
  Citibank N.A.  Pearson PLC  1,000,000  USD  1,000,000  (0.690)%  Jun 2018  -  (5,484)  (5,484) 
  Credit Suisse International  Sealed Air Corp.  700,000  USD  700,000  (0.500)%  Sep 2013  -  3,848  3,848 
  Credit Suisse International  Masco Corp.  700,000  USD  700,000  (0.907)%  Dec 2016  -  69,410  69,410 
  Deutsche Bank AG  Jones Apparel Group  600,000  USD  600,000  (1.000)%  Dec 2014  9,697  24,585  34,282 
  Deutsche Bank AG  Tate & Lyle Public Limited Company  300,000  USD  300,000  (0.510)%  Dec 2014  -  (617)  (617) 

 

312  

 


Deutsche Bank AG  Bank of America Corp.  1,200,000  USD  1,200,000  (1.000)%  Jun 2019  185,062  (39,778)  145,284 
Deutsche Bank AG  The Ryland Group, Inc.  1,800,000  USD  1,800,000  (5.000)%  Jun 2020  -  (163,323)  (163,323) 
JPMorgan Chase Bank,                   
N.A.  D.R. Horton, Inc.  1,800,000  USD  1,800,000  (1.000)%  Mar 2015  50,631  (22,636)  27,995 
JPMorgan Chase Bank,                   
N.A.  Loews Corp.  200,000  USD  200,000  (0.330)%  Mar 2016  -  1,805  1,805 
        $22,500,000      $636,445  ($169,546)  $466,899 

 

High Yield Fund

The Fund used credit default swaps to gain exposure to credit index. During the period ended May 31, 2012, the Fund held credit default swaps with total USD notional amounts ranging up to $31.1 million, as measured at each quarter end.

          USD      Unamortized  Unrealized   
      Notional    Notional  (Pay)/Receive  Maturity  Upfront Payment  Appreciation  Market 
Fund  Counterparty  Reference Obligation  Amount  Currency  Amount  Fixed Rate  Date  Paid (Received)  (Depreciation)  Value 
High Yield Fund                     
  BNP Paribas  MARKIT CDX.NA.HY.18  15,800,000  USD  $15,800,000  (5.000)%  Jun 2017  $722,991  $242,206  $965,197 
  Morgan Stanley & Company,                   
  Inc.  MARKIT CDX.NA.HY.17  5,820,000  USD  5,820,000  (5.000)%  Dec 2016  170,881  107,075  277,956 
  Morgan Stanley & Company,                   
  Inc.  MARKIT CDX.NA.HY.17  9,506,000  USD  9,506,000  (5.000)%  Dec 2016  256,776  197,218  453,994 
          $31,126,000      $1,150,648  $546,499  $1,697,147 

 

Investment Quality Bond Fund

The Fund used credit default swaps to manage against potential credit events. During the period ended May 31, 2012, the Fund held credit default swaps with total USD notional amounts ranging approximately from $8.5 million to $33.8 million, as measured at each quarter end.

                Unamortized     
          USD      Upfront  Unrealized   
      Notional    Notional  (Pay)/Receive  Maturity  Payment Paid  Appreciation  Market 
Fund  Counterparty  Reference Obligation  Amount  Currency  Amount  Fixed Rate  Date  (Received)  (Depreciation)  Value 
Investment Quality Bond Fund                   
  Goldman Sachs International  Macy's, Inc.  1,385,000  USD  $1,385,000  (1.000)%  Mar 2017  $6,323  $7,486  $13,809 
  Goldman Sachs International  CDX-NAIGS18V1-5Y  4,685,000  USD  4,685,000  (1.000)%  Jun 2017  7,603  33,737  41,340 
  Goldman Sachs International  CDX-NAIGS18V1-5Y  770,000  USD  770,000  (1.000)%  Jun 2017  7,718  (923)  6,795 
  Goldman Sachs International  CDX-NAIGS18V1-5Y  3,990,000  USD  3,990,000  (1.000)%  Jun 2017  39,223  (3,904)  35,319 
  Goldman Sachs International  ABX.HE.PENAAA.06-2  448,375  USD  448,375  (0.110)%  May 2046  135,495  (10)  135,485 
  Goldman Sachs International  CMBX.NA.AM.3  360,000  USD  360,000  (0.500)%  Dec 2049  84,616  (10,851)  73,765 
  Goldman Sachs International  CMBX.NA.AM.4  540,000  USD  540,000  (0.500)%  Feb 2051  113,136  9,661  122,797 
  JPMorgan Chase Bank, N.A.  CDX-NAHYS18V2-5Y  5,500,000  USD  5,500,000  (5.000)%  Jun 2017  364,375  (55,000)  309,375 
  JPMorgan Chase Bank, N.A.  CMBX.NA.AM.3  360,000  USD  360,000  (0.500)%  Dec 2049  72,905  865  73,770 

 

313  

 


JPMorgan Chase Bank, N.A.  CMBX.NA.AM.3  485,000  USD  485,000  (0.500)%  Dec 2049  100,341  (47)  100,294 
JPMorgan Chase Bank, N.A.  CMBX.NA.AM.4  1,630,000  USD  1,630,000  (0.500)%  Feb 2051  341,791  28,875  370,666 
Morgan Stanley & Company  ABX.HE.AAA.06-1  1,893,667  USD  1,893,667  (0.180)%  Jul 2045  197,069  (66)  197,003 
Morgan Stanley & Company  CMBX.NA.AM.4  1,090,000  USD  1,090,000  (0.500)%  Feb 2051  276,029  (28,160)  247,869 
Morgan Stanley & Company  CMBX.NA.AA.1  1,450,000  USD  1,450,000  (0.250)%  Oct 2052  337,963  135,029  472,992 
UBS AG  Everest Reinsurance Holdings, Inc.  600,000  USD  600,000  (1.800)%  Dec 2013  -  (13,165)  (13,165) 
        $25,187,042      $2,084,587  $103,527  $2,188,114 

 

Real Return Bond Fund

The Fund used credit default swaps to manage against potential credit events. During the period ended May 31, 2012, the Fund held credit default swaps with total USD notional amounts ranging from approximately $4.6 million to $5.6 million, as measured at each quarter end.

                Unamortized     
                Upfront  Unrealized   
      Notional    USD Notional  (Pay)/Receive  Maturity  Payment Paid  Appreciation  Market 
Fund  Counterparty  Reference Obligation  Amount  Currency  Amount  Fixed Rate  Date  (Received)  (Depreciation)  Value 
Real Return Bond Fund                     
  Barclays Bank PLC  Cardinal Health, Inc.  95,000  USD  $95,000  (1.000)%  Jun 2017  ($1,495)  ($1,073)  ($2,568) 
  Citibank N.A  GATX Corp.  1,000,000  USD  1,000,000  (1.070)%  Mar 2016  -  16,352  16,352 
  Goldman Sachs  RPM International, Inc.  1,000,000  USD  1,000,000  (1.500)%  Mar 2018  -  (13,483)  (13,483) 
  Morgan Stanley Capital                   
  Services, Inc.  Pearson PLC  2,500,000  USD  2,500,000  (0.750)%  Jun 2014  -  (33,001)  (33,001) 
          $4,595,000      ($1,495)  ($31,205)  ($32,700) 

 

Spectrum Income Fund

The Fund used credit default swaps to gain exposure to a security or credit index. During the period ended May 31, 2012, the Fund held credit default swaps with total USD notional amounts as represented below.

                Unamortized  Unrealized   
      Notional    USD Notional  (Pay)/Receive  Maturity  Upfront Payment  Appreciation  Market 
Fund  Counterparty  Reference Obligation  Amount  Currency  Amount  Fixed Rate  Date  Paid (Received)  (Depreciation)  Value 
Spectrum Income Fund                     
  JPMorgan Chase Bank,                   
  N.A.  United Utilities PLC  75,000  EUR  $99,161  (1.000)%  Jun 2017  ($1,040)  $661  ($379) 
          $99,161      ($1,040)  $661  ($379) 

 

Total Return Fund

The Fund used credit default swaps to manage against potential credit events. During the period ended May 31, 2012, the Fund held credit default swaps with total USD notional amounts ranging up to $80.3 million, as measured at each quarter end. The swaps presented in the following table are exchange traded swaps.

314  

 


              Unamortized  Unrealized   
    Notional    USD Notional  (Pay)/Receive  Maturity  Upfront Payment  Appreciation   
Fund  Reference Obligation  Amount  Currency  Amount  Fixed Rate  Date  Paid (Received)  (Depreciation)  Market Value 
Total Return Fund                   
  CDX HY17  31,719,000  USD  $31,719,000  (5.000)%  Dec 2016  $1,620,100  ($105,241)  $1,514,859 
  CDX.NA.HY.18  46,400,000  USD  46,400,000  (5.000)%  Jun 2017  1,688,380  1,146,761  2,835,141 
        $78,119,000      $3,308,480  $1,041,520  $4,350,000 

 

Implied credit spreads are utilized in determining the market value of CDS agreements in which a Fund is the Seller at period end. The implied credit spread generally represents the yield of the instrument above a credit-risk free rate, such as the U.S. Treasury Bond Yield, and may include upfront payments required to be made to enter into the agreement. It also serves as an indicator of the current status of the payment/performance risk and represents the likelihood or risk of default for the credit derivative. Wider credit spreads represent a deterioration of the referenced entity’s credit rating and an increased risk of default or other credit event occurring as defined under the terms of the agreement. The maximum potential amount of future payments (undiscounted) that a Fund as the Seller could be required to make under a CDS agreement would be an amount equal to the notional amount of the agreement.

The following table summarizes the contracts held by the Funds as sellers of protection at May 31, 2012, and the range of notional contracts amounts held by the Funds during the period ended May 31, 2012.

Global Bond Fund

The Fund used credit default swaps to take a long position in the exposure of the benchmark credit. During the period ended May 31, 2012, the Fund held credit default swaps with total USD notional amounts ranging from approximately $121.9 million to $190.3 million, as measured at each quarter end.

                  Unamortized     
      Implied            Upfront     
      Credit      USD      Payment  Unrealized   
      Spread at 5-  Notional    Notional  (Pay)/Receive  Maturity  Paid  Appreciation  Market 
Fund  Counterparty  Reference Obligation  31-2012  Amount  Currency  Amount  Fixed Rate  Date  (Received)  (Depreciation)  Value 
Global Bond Fund                     
  Bank of America N.A.  Ally Financial, Inc.  2.14%  1,500,000  USD  $1,500,000  5.000%  Dec 2012  $7,025  $34,281  $41,306 
  Bank of America N.A.  People's Republic of China  1.29%  2,200,000  USD  2,200,000  1.000%  Sep 2016  -  (12,279)  (12,279) 
  Bank of America N.A.  French Republic  2.08%  4,400,000  USD  4,400,000  0.250%  Jun 2017  (367,077)  (19,536)  (386,613) 
  BNP Paribas  Federal Republic of Germany  0.90%  3,800,000  USD  3,800,000  0.250%  Dec 2016  (157,786)  49,560  (108,226) 
    United Kingdom of Great                   
  Citibank N.A.  Britain and Northern Ireland  0.34%  2,300,000  USD  2,300,000  1.000%  Jun 2015  9,140  41,962  51,102 
    United Kingdom of Great                   
  Citibank N.A.  Britain and Northern Ireland  0.34%  700,000  USD  700,000  1.000%  Jun 2015  4,005  11,548  15,553 
    United Kingdom of Great                   
  Citibank N.A.  Britain and Northern Ireland  0.34%  800,000  USD  800,000  1.000%  Jun 2015  3,648  14,127  17,775 
  Citibank N.A.  French Republic  2.08%  900,000  USD  900,000  0.250%  Jun 2017  (75,468)  (3,612)  (79,080) 
  Citibank N.A.  Kingdom of Spain  5.98%  5,300,000  USD  5,300,000  1.000%  Jun 2017  (822,560)  (212,182)  (1,034,742) 
  Citibank N.A.  MCDX.NA.15  n/a  2,800,000  USD  2,800,000  1.000%  Dec 2015  (56,436)  2,705  (53,731) 

 

315  

 


Citibank N.A.  People's Republic of China  1.18%  3,000,000  USD  3,000,000  1.000%  Mar 2016  23,676  (27,386)  (3,710) 
  United Kingdom of Great                   
Citibank N.A.  Britain and Northern Ireland  0.55%  6,800,000  USD  6,800,000  1.000%  Jun 2016  70,128  67,335  137,463 
  United Kingdom of Great                   
Deutsche Bank AG  Britain and Northern Ireland  0.34%  1,600,000  USD  1,600,000  1.000%  Jun 2015  7,313  28,236  35,549 
Deutsche Bank AG  MCDX.NA.15  n/a  1,400,000  USD  1,400,000  1.000%  Dec 2015  (24,710)  (2,156)  (26,866) 
  United Kingdom of Great                   
Deutsche Bank AG  Britain and Northern Ireland  0.46%  5,200,000  USD  5,200,000  1.000%  Dec 2015  78,069  32,216  110,285 
Deutsche Bank AG  United States of America  0.44%  6,700,000  EUR  9,332,763  0.250%  Dec 2015  (65,368)  15,106  (50,262) 
Deutsche Bank AG  Commonwealth of Australia  0.70%  2,700,000  USD  2,700,000  1.000%  Mar 2016  42,515  (5,141)  37,374 
Deutsche Bank AG  Commonwealth of Australia  0.77%  3,300,000  USD  3,300,000  1.000%  Sep 2016  42,236  (1,765)  40,471 
Deutsche Bank AG  Commonwealth of Australia  0.81%  1,000,000  USD  1,000,000  1.000%  Dec 2016  2,168  8,920  11,088 
Deutsche Bank AG  Republic of Italy  5.64%  100,000  USD  100,000  1.000%  Jun 2017  (15,008)  (3,262)  (18,270) 
Goldman Sachs  MCDX.NA.15  n/a  6,000,000  USD  6,000,000  1.000%  Dec 2015  (160,097)  44,959  (115,138) 
Goldman Sachs  People's Republic of China  1.12%  3,100,000  USD  3,100,000  1.000%  Dec 2015  46,892  (46,895)  (3) 
Goldman Sachs  MCDX.NA.16  n/a  3,800,000  USD  3,800,000  1.000%  Jun 2016  (63,501)  (35,544)  (99,045) 
Goldman Sachs  Commonwealth of Australia  0.81%  800,000  USD  800,000  1.000%  Dec 2016  (3,099)  11,970  8,871 
Goldman Sachs  Federal Republic of Germany  0.90%  8,400,000  USD  8,400,000  0.250%  Dec 2016  (321,238)  81,999  (239,239) 
Goldman Sachs  Kingdom of Spain  5.98%  100,000  USD  100,000  1.000%  Jun 2017  (16,209)  (3,314)  (19,523) 
HSBC Bank USA  French Republic  2.08%  1,900,000  USD  1,900,000  0.250%  Jun 2017  (163,361)  (3,586)  (166,947) 
HSBC Bank USA  Republic of Italy  5.64%  900,000  USD  900,000  1.000%  Jun 2017  (150,139)  (14,293)  (164,432) 
  United Kingdom of Great                   
JPMorgan Chase Bank, N.A.  Britain and Northern Ireland  0.34%  6,400,000  USD  6,400,000  1.000%  Jun 2015  19,994  122,202  142,196 
JPMorgan Chase Bank, N.A.  Commonwealth of Australia  0.73%  5,100,000  USD  5,100,000  1.000%  Jun 2016  90,157  (21,484)  68,673 
Morgan Stanley Capital                     
Services, Inc.  MCDX.NA.15  n/a  2,800,000  USD  2,800,000  1.000%  Dec 2015  (53,825)  94  (53,731) 
Morgan Stanley Capital                     
Services, Inc.  Government of Japan  0.85%  300,000  USD  300,000  1.000%  Mar 2016  (2,136)  5,012  2,876 
Morgan Stanley Capital                     
Services, Inc.  State of California  2.01%  2,400,000  USD  2,400,000  1.350%  Jun 2016  -  (45,769)  (45,769) 
Morgan Stanley Capital                     
Services, Inc.  Commonwealth of Australia  0.81%  600,000  USD  600,000  1.000%  Dec 2016  1,562  5,091  6,653 
Morgan Stanley Capital                     
Services, Inc.  State of California  2.56%  4,300,000  USD  4,300,000  2.950%  Dec 2020  -  137,781  137,781 
Morgan Stanley Capital                     
Services, Inc.  State of California  2.58%  1,400,000  USD  1,400,000  2.150%  Mar 2021  -  (24,275)  (24,275) 
Morgan Stanley Capital                     
Services, Inc.  State of Connecticut  1.78%  2,300,000  USD  2,300,000  1.630%  Mar 2021  -  (4,993)  (4,993) 
Morgan Stanley Capital                     
Services, Inc.  State of California  2.59%  1,600,000  USD  1,600,000  2.150%  Jun 2021  -  (29,727)  (29,727) 

 

316  

 


The Royal Bank of Scotland                     
PLC  Commonwealth of Australia  0.70%  1,200,000  USD  1,200,000  1.000%  Mar 2016  19,956  (3,346)  16,610 
The Royal Bank of Scotland                     
PLC  Commonwealth of Australia  0.70%  2,600,000  USD  2,600,000  1.000%  Mar 2016  41,903  (5,914)  35,989 
The Royal Bank of Scotland                     
PLC  Commonwealth of Australia  0.70%  2,000,000  USD  2,000,000  1.000%  Mar 2016  32,578  (4,894)  27,684 
The Royal Bank of Scotland                     
PLC  Commonwealth of Australia  0.77%  1,300,000  USD  1,300,000  1.000%  Sep 2016  15,823  120  15,943 
The Royal Bank of Scotland                     
PLC  Commonwealth of Australia  0.81%  2,300,000  USD  2,300,000  1.000%  Dec 2016  (8,910)  34,413  25,503 
UBS AG  Government of Japan  0.85%  4,300,000  USD  4,300,000  1.000%  Mar 2016  (23,005)  64,234  41,229 
UBS AG  United States of America  0.46%  4,500,000  EUR  6,530,172  0.250%  Jun 2016  (67,797)  25,668  (42,129) 
UBS AG  Commonwealth of Australia  0.81%  3,500,000  USD  3,500,000  1.000%  Dec 2016  2,836  35,973  38,809 
UBS AG  Commonwealth of Australia  0.81%  400,000  USD  400,000  1.000%  Dec 2016  (1,464)  5,899  4,435 
          $135,462,935      ($2,057,570)  $350,058  ($1,707,512) 

 

Investment Quality Bond Fund

The Fund used credit default swaps to take a long position in the exposure of the benchmark credit. During the period ended May 31, 2012, the Fund held credit default swaps with total USD notional amounts ranging from approximately $11.9 million to $41.5 million, as measured at each quarter end.

      Implied                 
      Credit            Unamortized     
      Spread            Upfront  Unrealized   
      at 5-31-  Notional    USD Notional  (Pay)/Receive  Maturity  Payment Paid  Appreciation   
Fund  Counterparty  Reference Obligation  2012  Amount  Currency  Amount  Fixed Rate  Date  (Received)  (Depreciation)  Market Value 
Investment Quality Bond Fund                     
  Goldman Sachs International  Kohl's Corp.  1.37%  1,385,000  USD  $1,385,000  1.000%  Mar 2017  ($43,157)  $4,762  ($38,395) 
  Goldman Sachs International  ArcelorMittal  n/a  500,000  USD  500,000  1.000%  Jun 2017  (89,028)  (1,010)  (90,038) 
  Goldman Sachs International  CDX-NAHYS18V2-5Y  n/a  5,315,000  USD  5,315,000  5.000%  Jun 2017  (250,458)  (73,900)  (324,358) 
  Goldman Sachs International  ITRAXX-EUROPES17V1-5Y  n/a  4,700,000  EUR  5,922,237  1.000%  Jun 2017  (216,047)  15,134  (200,913) 
  Goldman Sachs International  CMBX.NA.AJ.3  n/a  205,000  USD  205,000  1.470%  Dec 2049  (77,359)  (7,145)  (84,504) 
  JPMorgan Chase Bank, N.A.  ITRAXX-XOVERS17V1-5Y  n/a  1,590,000  EUR  1,966,512  5.000%  Jun 2017  (161,680)  19,781  (141,899) 
  JPMorgan Chase Bank, N.A.  ABX.HE.PENAAA.07-2  n/a  463,519  USD  463,519  0.760%  Jan 2038  (292,027)  69  (291,958) 
  JPMorgan Chase Bank, N.A.  CMBX.NA.AJ.2  n/a  720,000  USD  720,000  1.090%  Mar 2049  (141,025)  (55,922)  (196,947) 
  JPMorgan Chase Bank, N.A.  CMBX.NA.AJ.2  n/a  730,000  USD  730,000  1.090%  Mar 2049  (142,984)  (56,699)  (199,683) 
  JPMorgan Chase Bank, N.A.  CMBX.NA.AJ.3  n/a  820,000  USD  820,000  1.470%  Dec 2049  (252,685)  (85,331)  (338,016) 
  JPMorgan Chase Bank, N.A.  CMBX.NA.AJ.3  n/a  210,000  USD  210,000  1.470%  Dec 2049  (86,240)  763,303  677,063 
  JPMorgan Chase Bank, N.A.  CMBX.NA.AA.4  n/a  410,000  USD  410,000  1.650%  Feb 2051  (250,734)  (21,272)  (272,006) 
  JPMorgan Chase Bank, N.A.  CMBX.NA.AA.4  n/a  405,000  USD  405,000  1.650%  Feb 2051  (267,825)  130  (267,695) 
  JPMorgan Chase Bank, N.A.  CMBX.NA.AAA.5  n/a  1,450,000  USD  1,450,000  0.350%  Feb 2051  (146,504)  16,103  (130,401) 

 

317  

 


Morgan Stanley & Company  PRIMEX.ARM.1  n/a  796,501  USD  796,501  4.420%  Jun 2036  26,784  685  27,469 
Morgan Stanley & Company  PRIMEX.ARM.2  n/a  2,367,376  USD  2,367,376  4.580%  Dec 2037  (179,333)  2,108  (177,225) 
Morgan Stanley & Company  CMBX.NA.AJ.2  n/a  1,450,000  USD  1,450,000  1.090%  Mar 2049  (280,249)  (116,381)  (396,630) 
Morgan Stanley & Company  CMBX.NA.AAA.3  n/a  1,450,000  USD  1,450,000  0.080%  Dec 2049  (137,673)  (1,867)  (139,540) 
Morgan Stanley & Company  CMBX.NA.AA.4  n/a  1,635,000  USD  1,635,000  1.650%  Feb 2051  (925,545)  (159,162)  (1,084,707) 
Morgan Stanley & Company  Xerox Corp.  1.80%  1,950,000  USD  1,950,000  1.000%  Jun 2016  (23,408)  (51,738)  (75,146) 
Morgan Stanley & Company  CMBX.NA.AAA.5  n/a  2,900,000  USD  2,900,000  0.350%  Feb 2051  (226,314)  (34,489)  (260,803) 
          $33,051,145      ($4,163,491)  $157,159  ($4,006,332) 

 

Real Return Bond Fund

The Fund used credit default swaps to take a long position in the exposure of the benchmark credit. During the period ended May 31, 2012, the Fund held credit default swaps with total USD notional amounts ranging from approximately $25.9 million to $41.8 million, as measured at each quarter end.

                  Unamortized     
      Implied            Upfront     
      Credit      USD      Payment  Unrealized   
      Spread at 5-  Notional    Notional  (Pay)/Receive  Maturity  Paid  Appreciation  Market 
Fund  Counterparty  Reference Obligation  31-2012  Amount  Currency  Amount  Fixed Rate  Date  (Received)  (Depreciation)  Value 
Real Return Bond Fund                     
  Bank of America N.A.  Government of Japan  0.81%  4,100,000  USD  $4,100,000  1.000%  Dec 2015  $64,132  ($20,261)  $43,871 
  Barclays Bank PLC  Federative Republic of Brazil  1.31%  1,300,000  USD  1,300,000  1.000%  Jun 2015  (6,617)  (3,365)  (9,982) 
  Barclays Bank PLC  Federative Republic of Brazil  1.31%  1,000,000  USD  1,000,000  1.000%  Jun 2015  (11,370)  3,691  (7,679) 
    United Kingdom of Great                   
  Citibank N.A.  Britain and Northern Ireland  0.34%  900,000  USD  900,000  1.000%  Jun 2015  4,350  15,646  19,996 
  Citibank N.A.  CDX.EM.14  n/a  6,400,000  USD  6,400,000  5.000%  Dec 2015  608,176  (135,352)  472,824 
    United Kingdom of Great                   
  Citibank N.A.  Britain and Northern Ireland  0.55%  1,600,000  USD  1,600,000  1.000%  Jun 2016  16,501  15,843  32,344 
    United Kingdom of Great                   
  Deutsche Bank AG  Britain and Northern Ireland  0.34%  1,000,000  USD  1,000,000  1.000%  Jun 2015  2,839  19,379  22,218 
    United Kingdom of Great                   
  Deutsche Bank AG  Britain and Northern Ireland  0.34%  3,100,000  USD  3,100,000  1.000%  Jun 2015  15,831  53,045  68,876 
  Deutsche Bank AG  Federative Republic of Brazil  2.01%  4,100,000  USD  4,100,000  1.000%  Jun 2020  (107,647)  (175,076)  (282,723) 
  HSBC Bank USA  Federative Republic of Brazil  1.31%  1,000,000  USD  1,000,000  1.000%  Jun 2015  (8,434)  755  (7,679) 
  JP Morgan Chase Bank, N.A.  Federative Republic of Brazil  1.31%  400,000  USD  400,000  1.000%  Jun 2015  (2,710)  (361)  (3,071) 
    Petroleo Brasileiro S/A                   
  JPMorgan Chase Bank, N.A.  Petrobras  1.71%  400,000  USD  400,000  1.000%  Sep 2015  (7,375)  (11)  (7,386) 
  The Royal Bank of Scotland PLC  Government of Japan  0.81%  600,000  USD  600,000  1.000%  Dec 2015  9,272  (2,852)  6,420 
            $25,900,000      $576,948  ($228,919)  $348,029 

 

318  

 


Spectrum Income Fund

The Fund used credit default swaps as a substitute for securities purchased. During the period ended May 31, 2012, the Fund held credit default swaps with total USD notional amounts ranging up to approximately $0.1 million, as measured at each quarter end.

                  Unamortized     
                  Upfront     
      Implied Credit            Payment  Unrealized   
      Spread at 5-31-  Notional    USD Notional  (Pay)/Receive  Maturity  Paid  Appreciation  Market 
Fund  Counterparty  Reference Obligation  2012  Amount  Currency  Amount  Fixed Rate  Date  (Received)  (Depreciation)  Value 
Spectrum Income Fund                   
  JPMorgan Chase                     
  Bank, N.A.  Arab Republic of Egypt  n/a  100,000  USD  $100,000  0.250%  Mar 2016  ($9,439)  ($7,104)  ($16,543) 
            $100,000      ($9,439)  ($7,104)  ($16,543) 

 

Total Return Fund

The Fund used credit default swaps to take a long position in the exposure of the benchmark credit. During the period ended May 31, 2012, the Fund held credit default swaps with total USD notional amounts ranging approximately from $283.2 million to $502.0 million, as measured at each quarter end.

      Implied            Unamortized     
      Credit            Upfront     
      Spread      USD      Payment  Unrealized   
      at 5-31-  Notional    Notional  (Pay)/Receive  Maturity  Paid  Appreciation  Market 
Fund  Counterparty  Reference Obligation  2012  Amount  Currency  Amount  Fixed Rate  Date  (Received)  (Depreciation)  Value 
Total Return Fund                     
  Bank of America N.A.  Berkshire Hathaway, Inc.  1.20%  1,800,000  USD  $1,800,000  1.000%  Mar 2015  ($17,457)  $16,373  ($1,084) 
  Bank of America N.A.  People's Republic of China  0.98%  500,000  USD  500,000  1.000%  Jun 2015  5,147  (3,887)  1,260 
  Bank of America N.A.  People's Republic of China  0.98%  1,500,000  USD  1,500,000  1.000%  Jun 2015  14,716  (10,936)  3,780 
  Bank of America N.A.  United Mexican States  1.23%  300,000  USD  300,000  1.000%  Sep 2015  (2,797)  1,191  (1,606) 
  Bank of America N.A.  MetLife, Inc.  2.58%  1,700,000  USD  1,700,000  1.000%  Dec 2015  (43,801)  (28,970)  (72,771) 
  Bank of America N.A.  Prudential Financial, Inc.  2.15%  2,400,000  USD  2,400,000  1.000%  Dec 2015  (49,639)  (21,774)  (71,413) 
  Bank of America N.A.  French Republic  1.75%  1,200,000  USD  1,200,000  0.250%  Mar 2016  (35,599)  (31,315)  (66,914) 
  Bank of America N.A.  Government of Japan  0.85%  200,000  USD  200,000  1.000%  Mar 2016  2,084  (166)  1,918 
  Bank of America N.A.  Government of Japan  0.85%  200,000  USD  200,000  1.000%  Mar 2016  1,942  (24)  1,918 
  Bank of America N.A.  Credit Agricole SA  6.71%  2,000,000  EUR  2,958,698  1.000%  Jun 2016  (171,329)  (309,226)  (480,555) 
  Bank of America N.A.  French Republic  1.88%  12,000,000  USD  12,000,000  0.250%  Sep 2016  (684,383)  (131,679)  (816,062) 
  Bank of America N.A.  Republic of Indonesia  2.29%  1,800,000  USD  1,800,000  1.000%  Sep 2016  (23,117)  (64,607)  (87,724) 
  Bank of America N.A.  Republic of Korea  1.35%  900,000  USD  900,000  1.000%  Sep 2016  (549)  (8,290)  (8,839) 
  Bank of America N.A.  Government of Japan  1.05%  8,500,000  USD  8,500,000  1.000%  Mar 2017  (61,478)  80,770  19,292 
  Bank of America N.A.  Commonwealth of Australia  0.88%  4,900,000  USD  4,900,000  1.000%  Jun 2017  73,209  (30,215)  42,994 
  Bank of America N.A.  Government of Japan  1.09%  1,100,000  USD  1,100,000  1.000%  Jun 2017  (2,633)  2,883  250 

 

319  

 


Barclays Bank PLC  CDX.NA.IG.9  n/a  14,949,732  USD  14,949,732  0.758%  Dec 2012  -  86,349  86,349 
Barclays Bank PLC  Federative Republic of Brazil  0.53%  17,300,000  USD  17,300,000  1.000%  Dec 2012  13,599  59,993  73,592 
Barclays Bank PLC  General Electric Capital Corp.  0.71%  3,900,000  USD  3,900,000  0.640%  Dec 2012  -  5,942  5,942 
Barclays Bank PLC  United Mexican States  1.10%  1,200,000  USD  1,200,000  1.000%  Mar 2015  (14,795)  13,697  (1,098) 
Barclays Bank PLC  CDX.EM.13  n/a  1,000,000  USD  1,000,000  5.000%  Jun 2015  72,474  (3,615)  68,859 
Barclays Bank PLC  Federative Republic of Brazil  1.31%  500,000  USD  500,000  1.000%  Jun 2015  (4,214)  375  (3,839) 
Barclays Bank PLC  French Republic  1.75%  800,000  USD  800,000  0.250%  Mar 2016  (21,521)  (23,088)  (44,609) 
Barclays Bank PLC  People's Republic of China  1.18%  700,000  USD  700,000  1.000%  Mar 2016  6,205  (7,071)  (866) 
Barclays Bank PLC  French Republic  1.88%  300,000  USD  300,000  0.250%  Sep 2016  (15,545)  (4,857)  (20,402) 
Barclays Bank PLC  Government of Japan  1.05%  1,100,000  USD  1,100,000  1.000%  Mar 2017  (8,280)  10,776  2,496 
Barclays Bank PLC  United Mexican States  1.68%  3,800,000  USD  3,800,000  1.000%  Jun 2017  (34,097)  (74,756)  (108,853) 
BNP Paribas  People's Republic of China  1.18%  300,000  USD  300,000  1.000%  Mar 2016  2,692  (3,063)  (371) 
BNP Paribas  United States of America  0.45%  5,100,000  EUR  7,150,709  0.250%  Mar 2016  (55,140)  12,149  (42,991) 
BNP Paribas  United Mexican States  1.68%  2,200,000  USD  2,200,000  1.000%  Jun 2017  (15,835)  (47,185)  (63,020) 
Citibank N.A  CDX.NA.HY.8  n/a  5,668,140  USD  5,668,140  0.355%  Jun 2012  -  5,251  5,251 
Citibank N.A  CDX.NA.HY.8  n/a  4,723,450  USD  4,723,450  0.360%  Jun 2012  -  4,438  4,438 
Citibank N.A  CDX.NA.HY.8  n/a  1,322,566  USD  1,322,566  0.401%  Jun 2012  -  1,384  1,384 
Citibank N.A  Dell, Inc.  0.70%  4,800,000  USD  4,800,000  1.000%  Sep 2013  13,479  13,608  27,087 
Citibank N.A  General Electric Capital Corp.  1.16%  600,000  USD  600,000  4.325%  Dec 2013  -  35,922  35,922 
Citibank N.A  United Mexican States  1.10%  1,200,000  USD  1,200,000  1.000%  Mar 2015  (15,098)  14,000  (1,098) 
Citibank N.A  People's Republic of China  0.98%  400,000  USD  400,000  1.000%  Jun 2015  3,886  (2,878)  1,008 
Citibank N.A  Republic of Kazakhstan  2.78%  300,000  USD  300,000  1.000%  Mar 2016  (6,423)  (11,098)  (17,521) 
Citibank N.A  People's Republic of China  1.23%  2,000,000  USD  2,000,000  1.000%  Jun 2016  16,223  (21,171)  (4,948) 
  United Kingdom of Great Britain                   
Citibank N.A  and Northern Ireland  0.55%  6,300,000  USD  6,300,000  1.000%  Jun 2016  88,102  39,253  127,355 
Citibank N.A  Commonwealth of Australia  0.88%  6,300,000  USD  6,300,000  1.000%  Jun 2017  94,901  (39,623)  55,278 
Citibank N.A.  Federative Republic of Brazil  1.38%  1,000,000  USD  1,000,000  1.000%  Sep 2015  (10,269)  (474)  (10,743) 
Citibank N.A.  United Mexican States  1.23%  700,000  USD  700,000  1.000%  Sep 2015  (6,956)  3,210  (3,746) 
Citibank N.A.  CDX.EM.14  n/a  1,100,000  USD  1,100,000  5.000%  Dec 2015  100,105  (18,838)  81,267 
Citibank N.A.  MetLife, Inc.  2.58%  2,500,000  USD  2,500,000  1.000%  Dec 2015  (64,413)  (42,603)  (107,016) 
Credit Suisse International  CDX.EM.13  n/a  600,000  USD  600,000  5.000%  Jun 2015  47,107  (5,792)  41,315 
Credit Suisse International  Federative Republic of Brazil  1.31%  4,300,000  USD  4,300,000  1.000%  Jun 2015  (35,082)  2,064  (33,018) 
Credit Suisse International  Federative Republic of Brazil  1.38%  1,900,000  USD  1,900,000  1.000%  Sep 2015  (15,207)  (5,204)  (20,411) 
Credit Suisse International  ArcelorMittal  5.11%  1,000,000  USD  1,000,000  1.000%  Jun 2016  (39,845)  (98,337)  (138,182) 
Deutsche Bank AG  CDX.NA.IG.9  n/a  9,837,888  USD  9,837,888  0.708%  Dec 2012  -  53,050  53,050 
Deutsche Bank AG  Berkshire Hathaway, Inc.  0.72%  1,600,000  USD  1,600,000  0.850%  Mar 2013  -  5,320  5,320 
Deutsche Bank AG  CDX.NA.IG.10  n/a  1,928,998  USD  1,928,998  0.530%  Jun 2013  -  12,807  12,807 

 

320  

 


Deutsche Bank AG  United Mexican States  1.10%  700,000  USD  700,000  1.000%  Mar 2015  (8,807)  8,167  (640) 
Deutsche Bank AG  CDX.EM.13  n/a  5,400,000  USD  5,400,000  5.000%  Jun 2015  402,867  (31,028)  371,839 
Deutsche Bank AG  Federative Republic of Brazil  1.31%  1,700,000  USD  1,700,000  1.000%  Jun 2015  (10,986)  (2,068)  (13,054) 
Deutsche Bank AG  Federative Republic of Brazil  1.31%  500,000  USD  500,000  1.000%  Jun 2015  (2,816)  (1,023)  (3,839) 
Deutsche Bank AG  French Republic  1.75%  400,000  USD  400,000  0.250%  Mar 2016  (11,878)  (10,427)  (22,305) 
Deutsche Bank AG  MetLife, Inc.  2.65%  1,500,000  USD  1,500,000  1.000%  Mar 2016  (22,942)  (48,671)  (71,613) 
  United Kingdom of Great Britain                   
Deutsche Bank AG  and Northern Ireland  0.50%  700,000  USD  700,000  1.000%  Mar 2016  10,053  4,446  14,499 
Deutsche Bank AG  People's Republic of China  1.23%  3,300,000  USD  3,300,000  1.000%  Jun 2016  28,698  (36,863)  (8,165) 
Deutsche Bank AG  People's Republic of China  1.23%  900,000  USD  900,000  1.000%  Jun 2016  6,944  (9,171)  (2,227) 
Deutsche Bank AG  People's Republic of China  1.29%  600,000  USD  600,000  1.000%  Sep 2016  2,728  (6,077)  (3,349) 
Deutsche Bank AG  Republic of Korea  1.51%  1,800,000  USD  1,800,000  1.000%  Jun 2017  (20,538)  (11,382)  (31,920) 
Deutsche Bank AG  United Mexican States  1.68%  1,900,000  USD  1,900,000  1.000%  Jun 2017  (12,315)  (42,112)  (54,427) 
Deutsche Bank AG  MetLife, Inc.  3.05%  7,700,000  USD  7,700,000  1.000%  Mar 2018  (361,871)  (312,058)  (673,929) 
Goldman Sachs  CDX.NA.IG.10  n/a  2,411,247  USD  2,411,247  0.463%  Jun 2013  -  13,934  13,934 
Goldman Sachs  Berkshire Hathaway, Inc.  1.20%  1,000,000  USD  1,000,000  1.000%  Mar 2015  (9,698)  9,096  (602) 
Goldman Sachs  Federative Republic of Brazil  1.31%  500,000  USD  500,000  1.000%  Jun 2015  (3,935)  96  (3,839) 
  United Kingdom of Great Britain                   
Goldman Sachs  and Northern Ireland  0.46%  1,000,000  USD  1,000,000  1.000%  Dec 2015  15,951  5,257  21,208 
Goldman Sachs  Government of Japan  0.85%  7,200,000  USD  7,200,000  1.000%  Mar 2016  (51,135)  120,170  69,035 
Goldman Sachs  People's Republic of China  1.29%  200,000  USD  200,000  1.000%  Sep 2016  900  (2,016)  (1,116) 
Goldman Sachs  United Mexican States  1.50%  1,100,000  USD  1,100,000  1.000%  Sep 2016  (4,396)  (15,135)  (19,531) 
Goldman Sachs  Government of Japan  1.05%  200,000  USD  200,000  1.000%  Mar 2017  (1,369)  1,823  454 
Goldman Sachs  Government of Japan  1.05%  100,000  USD  100,000  1.000%  Mar 2017  (685)  912  227 
Goldman Sachs  Government of Japan  1.09%  3,700,000  USD  3,700,000  1.000%  Jun 2017  (10,604)  11,446  842 
Goldman Sachs  Government of Japan  1.09%  300,000  USD  300,000  1.000%  Jun 2017  (861)  929  68 
Goldman Sachs  CDX.NA.IG.9  n/a  868,049  USD  868,049  0.548%  Dec 2017  -  8,723  8,723 
HSBC Bank USA  CDX.EM.13  n/a  8,400,000  USD  8,400,000  5.000%  Jun 2015  611,528  (33,112)  578,416 
HSBC Bank USA  Federative Republic of Brazil  1.31%  1,300,000  USD  1,300,000  1.000%  Jun 2015  (21,159)  11,177  (9,982) 
HSBC Bank USA  Federative Republic of Brazil  1.38%  700,000  USD  700,000  1.000%  Sep 2015  (4,602)  (2,918)  (7,520) 
HSBC Bank USA  CDX.EM.14  n/a  1,000,000  USD  1,000,000  5.000%  Dec 2015  88,756  (14,877)  73,879 
HSBC Bank USA  French Republic  1.88%  300,000  USD  300,000  0.250%  Sep 2016  (9,588)  (10,814)  (20,402) 
HSBC Bank USA  French Republic  1.88%  400,000  USD  400,000  0.250%  Sep 2016  (20,574)  (6,628)  (27,202) 
HSBC Bank USA  United Mexican States  1.68%  2,000,000  USD  2,000,000  1.000%  Jun 2017  (23,061)  (34,230)  (57,291) 
HSBC Bank USA  United States of America  0.49%  3,300,000  EUR  4,395,599  0.250%  Jun 2017  (6,451)  (37,916)  (44,367) 
  United Kingdom of Great Britain                   
JPMorgan Chase Bank, N.A.  and Northern Ireland  0.32%  400,000  USD  400,000  1.000%  Mar 2015  1,042  7,408  8,450 

 

321  

 


  United Kingdom of Great Britain                   
JPMorgan Chase Bank, N.A.  and Northern Ireland  0.32%  800,000  USD  800,000  1.000%  Mar 2015  1,875  15,025  16,900 
JPMorgan Chase Bank, N.A.  CDX.EM.13  n/a  1,200,000  USD  1,200,000  5.000%  Jun 2015  89,723  (7,092)  82,631 
JPMorgan Chase Bank, N.A.  Federative Republic of Brazil  1.38%  8,800,000  USD  8,800,000  1.000%  Sep 2015  (77,371)  (17,164)  (94,535) 
JPMorgan Chase Bank, N.A.  CDX.EM.14  n/a  300,000  USD  300,000  5.000%  Dec 2015  27,018  (4,854)  22,164 
JPMorgan Chase Bank, N.A.  Government of Japan  0.85%  800,000  USD  800,000  1.000%  Mar 2016  5,175  2,496  7,671 
JPMorgan Chase Bank, N.A.  State of Qatar  1.23%  2,900,000  USD  2,900,000  1.000%  Mar 2016  (5,166)  (8,324)  (13,490) 
JPMorgan Chase Bank, N.A.  People's Republic of China  1.23%  4,000,000  USD  4,000,000  1.000%  Jun 2016  33,226  (43,123)  (9,897) 
JPMorgan Chase Bank, N.A.  Federative Republic of Brazil  1.61%  900,000  USD  900,000  1.000%  Sep 2016  (4,598)  (16,109)  (20,707) 
JPMorgan Chase Bank, N.A.  People's Republic of China  1.29%  800,000  USD  800,000  1.000%  Sep 2016  3,508  (7,973)  (4,465) 
JPMorgan Chase Bank, N.A.  Commonwealth of Australia  0.88%  7,500,000  USD  7,500,000  1.000%  Jun 2017  80,033  (14,226)  65,807 
JPMorgan Chase Bank, N.A.  Federative Republic of Brazil  1.74%  10,700,000  USD  10,700,000  1.000%  Jun 2017  (130,844)  (218,629)  (349,473) 
JPMorgan Chase Bank, N.A.  CDX.NA.IG.9  n/a  1,928,998  USD  1,928,998  0.553%  Dec 2017  -  19,912  19,912 
Morgan Stanley Capital                     
Services, Inc.  CDX.NA.IG.9  n/a  3,900,000  USD  3,900,000  0.963%  Dec 2012  -  28,378  28,378 
Morgan Stanley Capital                     
Services, Inc.  Federative Republic of Brazil  0.59%  900,000  USD  900,000  1.660%  Mar 2013  -  10,347  10,347 
Morgan Stanley Capital                     
Services, Inc.  CDX.EM.13  n/a  7,000,000  USD  7,000,000  5.000%  Jun 2015  537,457  (55,443)  482,014 
Morgan Stanley Capital                     
Services, Inc.  Federative Republic of Brazil  1.31%  500,000  USD  500,000  1.000%  Jun 2015  (2,851)  (988)  (3,839) 
Morgan Stanley Capital                     
Services, Inc.  Federative Republic of Brazil  1.38%  9,900,000  USD  9,900,000  1.000%  Sep 2015  (88,290)  (18,062)  (106,352) 
Morgan Stanley Capital                     
Services, Inc.  Abu Dhabi  1.26%  4,800,000  USD  4,800,000  1.000%  Mar 2016  (10,257)  (20,763)  (31,020) 
Morgan Stanley Capital                     
Services, Inc.  French Republic  1.75%  500,000  USD  500,000  0.250%  Mar 2016  (12,631)  (15,250)  (27,881) 
Morgan Stanley Capital                     
Services, Inc.  Government of Japan  0.85%  2,400,000  USD  2,400,000  1.000%  Mar 2016  (17,891)  40,903  23,012 
Morgan Stanley Capital  United Kingdom of Great Britain                   
Services, Inc.  and Northern Ireland  0.55%  1,900,000  USD  1,900,000  1.000%  Jun 2016  26,570  11,839  38,409 
Morgan Stanley Capital                     
Services, Inc.  People's Republic of China  1.29%  600,000  USD  600,000  1.000%  Sep 2016  2,527  (5,876)  (3,349) 
Morgan Stanley Capital                     
Services, Inc.  Republic of Indonesia  2.29%  1,400,000  USD  1,400,000  1.000%  Sep 2016  (17,425)  (50,805)  (68,230) 
Morgan Stanley Capital                     
Services, Inc.  United Mexican States  1.50%  2,400,000  USD  2,400,000  1.000%  Sep 2016  (8,653)  (33,959)  (42,612) 
Morgan Stanley Capital                     
Services, Inc.  Government of Japan  1.09%  200,000  USD  200,000  1.000%  Jun 2017  (526)  571  45 

 

322  

 


Morgan Stanley Capital                     
Services, Inc.  United Mexican States  1.68%  3,100,000  USD  3,100,000  1.000%  Jun 2017  (23,339)  (65,462)  (88,801) 
  United Kingdom of Great Britain                   
Societe Generale Paris  and Northern Ireland  0.32%  2,700,000  USD  2,700,000  1.000%  Mar 2015  2,806  54,231  57,037 
  United Kingdom of Great Britain                   
Societe Generale Paris  and Northern Ireland  0.32%  4,600,000  USD  4,600,000  1.000%  Mar 2015  10,766  86,408  97,174 
The Royal Bank of Scotland                     
PLC  People's Republic of China  0.98%  900,000  USD  900,000  1.000%  Jun 2015  9,004  (6,736)  2,268 
The Royal Bank of Scotland                     
PLC  United Mexican States  1.23%  1,900,000  USD  1,900,000  1.000%  Sep 2015  (14,047)  3,879  (10,168) 
The Royal Bank of Scotland                     
PLC  French Republic  1.70%  700,000  USD  700,000  0.250%  Dec 2015  (9,558)  (25,759)  (35,317) 
The Royal Bank of Scotland                     
PLC  French Republic  1.75%  500,000  USD  500,000  0.250%  Mar 2016  (12,459)  (15,422)  (27,881) 
The Royal Bank of Scotland                     
PLC  People's Republic of China  1.23%  3,100,000  USD  3,100,000  1.000%  Jun 2016  26,354  (34,024)  (7,670) 
UBS AG  Berkshire Hathaway, Inc.  1.20%  1,000,000  USD  1,000,000  1.000%  Mar 2015  (9,950)  9,348  (602) 
UBS AG  French Republic  1.75%  1,400,000  USD  1,400,000  0.250%  Mar 2016  (41,533)  (36,533)  (78,066) 
UBS AG  People's Republic of China  1.23%  2,000,000  USD  2,000,000  1.000%  Jun 2016  17,393  (22,341)  (4,948) 
  United Kingdom of Great Britain                   
UBS AG  and Northern Ireland  0.55%  1,500,000  USD  1,500,000  1.000%  Jun 2016  20,977  9,346  30,323 
UBS AG  French Republic  1.88%  1,600,000  USD  1,600,000  0.250%  Sep 2016  (51,139)  (57,669)  (108,808) 
UBS AG  People's Republic of China  1.29%  100,000  USD  100,000  1.000%  Sep 2016  427  (985)  (558) 
UBS AG  Republic of Korea  1.35%  1,000,000  USD  1,000,000  1.000%  Sep 2016  -  (9,821)  (9,821) 
UBS AG  Republic of Indonesia  2.29%  600,000  USD  600,000  1.000%  Sep 2016  (7,948)  (21,293)  (29,241) 
UBS AG  United Mexican States  1.50%  1,100,000  USD  1,100,000  1.000%  Sep 2016  (4,049)  (15,482)  (19,531) 
          $326,644,074      ($6,121)  ($1,592,363)  ($1,598,484) 

 

Fair value of derivative instruments by risk category. The table below summarizes the fair value of derivatives held by the Funds at May 31, 2012 by risk category:

 

Fund  Risk  Financial Instruments  Asset Derivatives Fair  Liability Derivatives Fair 
    Location  Value  Value 
All Cap Core Fund  Equity contracts  Futures  -  ($420,895) 
      -  ($420,895) 
 
Capital Appreciation Value Fund  Equity contracts  Written options  -  ($6,273,976) 
      -  ($6,273,976) 

 

323  

 


    Forward foreign currency     
Emerging Markets Debt Fund  Foreign currency contracts  contracts  $14,052  ($31,120) 
      $14,052  ($31,120) 
  
Global Bond Fund  Interest rate contracts  Futures  $2,685,893  ($1,902,727) 
  Interest rate contracts  Written options  -  (2,521,299) 
  Interest rate contracts  Interest rate swaps  5,551,465  (2,372,053) 
  Credit contracts  Credit default swaps  1,824,902  (3,065,515) 
  Foreign currency contracts  Currency swaps  -  (191,049) 
    Forward foreign currency     
  Foreign currency contracts  contracts  32,505,812  (14,956,036) 
  Foreign currency contracts  Purchased options  32,391  - 
      $42,600,463  ($25,008,679) 
  
Health Sciences Fund  Equity contracts  Written options  -  ($4,796,847) 
  Equity contracts  Purchased options  $75,032  - 
      $75,032  ($4,796,847) 
  
    Forward foreign currency     
Heritage Fund  Foreign currency contracts  contracts  $23,119  - 
      $23,119  - 
  
    Forward foreign currency     
High Income Fund  Foreign currency contracts  contracts  $374,415  - 
      $374,415  - 
  
High Yield Fund  Credit contracts  Credit default swaps  $1,697,147  - 
  Credit contracts  Written options  -  ($1,009,251) 
  Credit contracts  Purchased options  1,699,719  - 
    Forward foreign currency     
  Foreign currency contracts  contracts  1,723,294  (6,421) 
      $5,120,160  ($1,015,672) 
  
Investment Quality Bond Fund  Interest rate contracts  Futures  $148,754  ($155,949) 
  Interest rate contracts  Interest rate swaps  42,002  (1,004,841) 
  Credit contracts  Credit default swaps  2,905,811  (4,724,029) 

 

324  

 


    Forward foreign currency     
  Foreign currency contracts  contracts  306,400  (326,120) 
      $3,402,967  ($6,210,939) 
  
Mid Cap Growth Index Fund  Equity contracts  Futures  -  ($3,020) 
      -  ($3,020) 
  
Mid Cap Value Index Fund  Equity contracts  Futures  -  ($13,680) 
      -  ($13,680) 
  
    Forward foreign currency     
Mutual Shares Fund  Foreign currency contracts  contracts  $2,552,109  ($296,776) 
      $2,552,109  ($296,776) 
  
Real Return Bond Fund  Interest rate contracts  Futures  $556,677  ($334,382) 
  Interest rate contracts  Written options  -  (1,291,227) 
  Interest rate contracts  Interest rate swaps  2,087,170  (1,324) 
  Interest rate contracts  Purchased options  105,355  - 
  Credit contracts  Credit default swaps  682,901  (367,572) 
    Forward foreign currency     
  Foreign currency contracts  contracts  4,298,091  (2,517,409) 
      $7,730,194  ($4,511,914) 
  
Redwood Fund  Equity contracts  Written options  -  ($73,453,913) 
  Equity contracts  Purchased options  $732,501  - 
      $732,501  ($73,453,913) 
  
Short Term Government Income Fund  Interest rate contracts  Futures  -  ($56,590) 
      -  ($56,590) 
  
Smaller Company Growth Fund  Equity contracts  Futures  -  ($16,965) 
      -  ($16,965) 
  
Spectrum Income Fund  Interest rate contracts  Futures  $27,076  ($154,783) 
  Credit contracts  Credit default swaps  -  (16,922) 
    Forward foreign currency     
  Foreign currency contracts  contracts  2,245,628  (1,063,972) 

 

325  

 


      $2,272,704  ($1,235,677) 
  
Strategic Equity Allocation Fund  Equity contracts  Futures  -  ($6,525,838) 
  Foreign currency contracts  Futures  -  (69,608) 
      -  ($6,595,446) 
  
Total Return Fund  Interest rate contracts  Futures  $1,092,549  ($5,579) 
  Interest rate contracts  Written options  -  (906,564) 
  Interest rate contracts  Interest rate swaps  1,247,130  (6,136,030) 
  Credit contracts  Credit default swaps  7,255,798  (4,504,282) 
    Forward foreign currency     
  Foreign currency contracts  contracts  23,665,770  (11,636,565) 
      $33,261,247  ($23,189,020) 

 

Direct placement securities. The Funds may hold direct placement securities which are restricted to resale and the Funds have limited rights to registration under the Securities Act of 1933. The following table summarizes the direct placement securities held at May 31, 2012.

 

            Value as a   
    Original    Beginning  Ending  percentage of   
    Acquisition  Acquisition  share  share  Fund's net  Value as of 
Fund  Issuer, Description  date  cost  amount  amount  assets  5-31-12 
Health Sciences Fund  Castlight Health, Inc.  4/26/2012  $357,884  -  59,286  0.10%  $357,884 
  Bought : 59,286 shares             
  Puma Biotechnology warrants  10/4/2011  -  1  1  0.00%  - 
 
High Income Fund  Talmer Bancorp, Inc.  4/30/10  $1,675,002  279,167  279,167  0.54%  $1,996,734 

 

Transactions in securities of affiliated issuers. Affiliated issuers, as defined by the 1940 Act, are those in which a Fund’s holdings of an issuer represent 5% or more of the outstanding voting securities of the issuer. A summary of the Funds’ transactions in the securities of these issuers during the period ended May 31, 2012, is set forth below:

 

    Beginning  Ending share  Realized gain  Interest  Value as of 
Fund  Affiliate  share amount  amount  (loss)  income  5-31-12 
High Income Fund  Greektown Superholdings, Inc., common stock           
  Bought: none Sold: none  7,894  7,894  -  -  $416,172 
  Greektown Superholdings, Inc., Series A, preferred stock           
  Bought: none Sold: none  168,490  168,490  -  -  $12,468,260 

 

326  

 


Greektown Superholdings, Inc., 13.0%, 07/01/2015           
Bought: none Sold: 750,000  2,054,000  1,304,000  $61,976  $158,394  $1,421,360 

 

For additional information on the Funds' significant accounting policies, please refer to the Funds' most recent semiannual or annual shareholder report.

 

327  

 


Item 2. Controls and Procedures.

(a) The Registrant’s principal executive and principal financial officers have concluded, based upon their evaluation of the Registrant’s disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant’s disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on form N-Q is accumulated and communicated to the Registrant’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b) There were no changes to the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940 are attached hereto as EX-99.CERT.


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.

Registrant: John Hancock Funds II 
 
 
/s/ Hugh McHaffie 
  
Hugh McHaffie 
President 
 
Date: July 23, 2012 

 

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.

 

/s/ Hugh McHaffie 
  
Hugh McHaffie 
President 
 
Date: July 23, 2012 
 
/s/ Charles A. Rizzo 
  
Charles A. Rizzo 
Chief Financial Officer 
 
Date: July 23, 2012