UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811- 00560

John Hancock Investment Trust

(Exact name of registrant as specified in charter)

200 Berkeley Street, Boston, Massachusetts 02116

(Address of principal executive offices) (Zip code)

Salvatore Schiavone

Treasurer

200 Berkeley Street

Boston, Massachusetts 02116

(Name and address of agent for service)

Registrant’s telephone number, including area code: 617-663-4497

Date of fiscal year end: October 31

Date of reporting period: October 31, 2020

ITEM 1. REPORTS TO STOCKHOLDERS

This report on Form N-CSR relates solely to twelve of the Registrant’s annual reports to shareholders for the year ended October 31, 2020. The first report applies to John Hancock Balanced Fund, the second report applies to John Hancock Fundamental Large Cap Core Fund, the third report applies to John Hancock Seaport Long/Short Fund, the fourth report applies to John Hancock Disciplined Value International Fund, the fifth report applies to John Hancock Emerging Markets Equity Fund, the sixth report applies to John Hancock ESG All Cap Core Fund, the seventh report applies to John Hancock ESG Large Cap Core Fund, the eighth report applies to John Hancock ESG International Equity Fund, the ninth report applies to John Hancock Global Thematic Opportunities Fund, the tenth report applies to John Hancock International Dynamic Growth Fund, the eleventh report applies to John Hancock Diversified Macro Fund, and the twelfth report applies to John Hancock Alternative Risk Premia Fund.

Dear shareholders,

Despite heightened fears over the coronavirus (COVID-19), which sent markets tumbling in the first quarter of the calendar year, global financial markets delivered positive returns for the 12 months ended October 31,2020.The governments of many nations worked to shore up their economies, equity markets began to rise, and credit spreads rebounded off their highs as liquidity concerns eased.

Of course it would be a mistake to consider this market turnaround a trustworthy signal of assured or swift economic recovery. Economic growth has slowed as the ongoing spread of COVID-19 continues to create uncertainty among businesses and investors. Lockdowns and curfews in certain areas have been reinstated, affecting the level of unemployment and the pace of hiring. Consumer spending also remains far below prepandemic levels.

From an investment perspective, we continue to think that maintaining a focus on long-term objectives while pursuing a risk-aware strategy is a prudent way forward. Above all, we believe the counsel of a trusted financial professional continues to matter now more than ever. Periods of heightened uncertainty are precisely the time to review your financial goals and follow a plan that helps you make the most of what continues to be a challenging situation.

On behalf of everyone at John Hancock Investment Management, I’d like to take this opportunity to welcome new shareholders and thank existing shareholders for the continued trust you’ve placed in us.

Sincerely,

Andrew G. Arnott

President and CEO,

John Hancock Investment Management

Head of Wealth and Asset Management,

United States and Europe

This commentary reflects the CEO’s views as of this report’s period end and are subject to change at any time. Diversification does not guarantee investment returns and does not eliminate risk of loss. All investments entail risks, including the possible loss of principal. For more up-to-date information, you can visit our website at jhinvestments.com.

John Hancock

Balanced Fund

Table of contents
	2	Your fund at a glance
	5	Manager’s discussion of fund performance
	7	A look at performance
	9	Your expenses
	11	Fund’s investments
	42	Financial statements
	46	Financial highlights
	53	Notes to financial statements
	64	Report of independent registered public accounting firm
	65	Tax information
	66	Continuation of investment advisory and subadvisory agreements
	73	Trustees and Officers
	77	More information

1     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT

    Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks current income, long-term growth of capital and income and preservation of capital.

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2020 (%)

The blended index is 60% S&P 500 Index and 40% Bloomberg Barclays U.S. Aggregate Bond Index. The S&P 500 Index is an unmanaged index that includes 500 widely traded common stocks.

The Bloomberg Barclays U.S. Aggregate Bond Index is an unmanaged index of US dollar-denominated and non-convertible investment-grade debt issues.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

The fund’s Morningstar category average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on their historical portfolio holdings. Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Performance of the other share classes will vary based on the difference in the fees and expenses of those classes. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and can be found at jhinvestments.com or by calling 800-225-5291. For further information on the fund’s objectives, risks, and strategy, see the fund’s prospectus.

ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     2

PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

Favorable relative performance

The fund outperformed a 60%/40% blend of the S&P 500 Index and the Bloomberg Barclays U.S. Aggregate Index, due to a combination of strong results in the equity and fixed-income portfolio, as well as a timely underweight in equities during the early 2020 market sell-off.

Strong equity security selection aided performance

The fund’s equity portfolio benefited from positive stock picking, particularly in the consumer discretionary and financials sectors.

An underweight in equities also helped performance

As equity valuations continued to rise, we further brought down the fund’s equity allocation, finishing the period at roughly 52% of net assets, down several percentage points from a year earlier.

PORTFOLIO COMPOSITION AS OF 10/31/2020 (% of net assets)

A note about risks

The fund may be subject to various risks as described in the fund’s prospectus. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance. For example, the novel coronavirus disease (COVID-19) has resulted in significant disruptions to global business activity. The impact of a health crisis and other epidemics and pandemics that may arise in the future, could affect the global economy in ways that cannot necessarily be foreseen at the present time. A health crisis may exacerbate other pre-existing political, social, and economic risks. Any such impact could adversely affect the fund’s performance, resulting in losses to your investment. For more information, please refer to the “Principal risks” section of the prospectus.

3     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT

SECTOR COMPOSITION AS OF 10/31/2020 (% of net assets)

ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     4

Manager’s discussion of fund performance

How did the fund perform during the 12 months ended October 31, 2020?

The fund outperformed its blended benchmark, a 60%/40% blend of the S&P 500 Index and the Bloomberg Barclays U.S. Aggregate Bond Index. Throughout the period, the fund was underweight in equities, and this stance particularly helped results when stock prices plunged in February and March with the initial spread of COVID-19.The fund’s fixed-income positioning also contributed, given the outperformance of its bond investments relative to the fixed-income category. Finally, the fund’s equity portfolio further added to results this period, as this portfolio segment outperformed the equity index.

What most influenced results in the equity portfolio?

Security selection across multiple categories, especially in the consumer discretionary and financials sectors, contributed to relative performance, while picks in industrials were a partly offsetting negative factor. Individually, one of the fund’s top contributors was PayPal Holdings, Inc. This leading online payment processor continued to benefit from the ongoing transition from in-person to electronic commerce, a trend that’s only accelerated with COVID-19.Similarly,online retail giant Amazon.com, Inc. experienced a better business environment during the pandemic, as people’s comfort with shopping virtually continued to increase. Home products retailer Lowe’s Companies, Inc. was a third contributor.

One of the fund’s largest individual detractors was The Boeing Company. Shares of this aircraft manufacturer lagged due to sharply falling demand for air travel amid the pandemic. We saw better risk/reward opportunity elsewhere in the market and

TOP 5 EQUITY HOLDINGS   AS OF 10/31/2020 (% of net assets)		TOP 5 BOND ISSUERS AS OF 10/31/2020 (% of net assets)
Amazon.com, Inc.	3.7	U.S. Treasury	7.4
Microsoft Corp.	3.6	Federal National Mortgage Association	6.2
Alphabet, Inc., Class A	3.2	Federal Home Loan Mortgage Corp.	3.9
Apple, Inc.	2.8	Ford Motor Company	0.7
Walmart, Inc.	1.9	Government National Mortgage
TOTAL	15.2	Association	0.5
		TOTAL	18.7
Cash and cash equivalents are not included.		Cash and cash equivalents are not included.

5     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT

sold the fund’s position in May. Another detractor was JPMorgan Chase & Co., which, like other banks, struggled due to concern about the negative financial impact of lower interest rates on its business and the potential for deteriorating consumer and business credit quality. Also hampering results was Valero Energy, Inc., an energy refining and transportation company hurt by sluggish energy demand. MANAGED BY                                                    Michael J. Scanlon, Jr., CFA Jeffrey N. Given, CFA Susan A. Curry  

What factors influenced the performance of the fund’s fixed-income portfolio?

The fund benefited from an overweight in investment-grade corporate bonds and from a more limited exposure to U.S. Treasuries, given their relative underperformance. The fund also modestly benefited from its longer relative duration (greater interest-rate sensitivity) as interest rates reached historic lows. Security selection was mixed but was positive overall, primarily due to high-yield corporate securities.

What changes did you make to the fund’s asset allocation?

The fund remained underweight in equities for the entire period, starting at roughly 58% and finishing at approximately 52%.This shift reflected our view that stock prices, after their sharp drop in the first quarter of 2020, were significantly elevated off their lows and offered what we saw as a less desirable risk/reward trade-off.

The views expressed in this report are exclusively those of Michael J. Scanlon, Jr., CFA, Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the fund for the entire period. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk.

ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     6

A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2020

Average annual total returns (%) with maximum sales charge				Cumulative total returns (%) with maximum sales charge		SEC 30-day yield (%) subsidized	SEC 30-day yield (%) unsubsidized†
	1-year	5-year	10-year	5-year	10-year	as of 10-31-20	as of 10-31-20
Class A	5.13	7.18	7.78	41.42	111.53	0.91	0.90
Class C	8.34	7.42	7.52	43.01	106.49	0.25	0.24
Class I1	10.41	8.49	8.63	50.31	128.86	1.26	1.25
Class R21,2	10.03	8.07	8.25	47.42	121.04	0.68	0.67
Class R41	10.24	8.33	8.44	49.21	124.89	1.13	1.02
Class R51	10.48	8.55	8.67	50.73	129.73	1.33	1.32
Class R61,2	10.52	8.61	8.70	51.15	130.29	1.37	1.37
Index 1††	9.71	11.71	13.01	73.97	239.87	—	—
Index 2††	6.19	4.08	3.55	22.14	41.77	—	—
Index 3††	8.96	8.89	9.39	53.10	145.30	—	—

Performance figures assume all distributions have been reinvested. Figures reflect maximum sales chargeson Class A shares of 4.5% and the applicable contingent deferred sales charge (CDSC) on Class C shares. There turns for Class A shares have been adjusted to reflect the reduction in the maximum sales charge from 5% to 4.5% effective 8-1-19. Class C shares sold within one year of purchase are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R2, Class R4, Class R5, and Class R6 shares.

The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the fund and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual fee waivers and expense limitations in effect until February 28, 2021 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:

	Class A	Class C	Class I	Class R2	Class R4	Class R5	Class R6
Gross (%)	1.08	1.78	0.78	1.18	1.03	0.73	0.68
Net (%)	1.07	1.77	0.77	1.17	0.92	0.72	0.67

Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.

The returns reflect past results and should not be considered indicative of future performance. There turn and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance maybe higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the fund’s website at jhinvestments.com.

The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The fund’s performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.

^† Unsubsidized yield reflects what the yield would have been without the effect of reimbursements and waivers

^†† Index 1 is the S&P 500 Index; Index 2 is the Bloomberg Barclays U.S. Aggregate Bond Index; Index 3 is 60% S&P 500 Index and 40% Bloomberg Barclays U.S. Aggregate Bond Index.

See the following page for footnotes.

7     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT

This chart and table show what happened to a hypothetical $10,000 investment in John Hancock Balanced Fund for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in a blended index and two separate indexes.

	Start date		With maximum sales charge ($)		Without sales charge ($)		Index 1 ($)		Index 2 ($)		Index 3 ($)
Class C3		10-31-10		20,649		20,649		33,987		14,177		24,530
Class I1		10-31-10		22,886		22,886		33,987		14,177		24,530
Class R21,2		10-31-10		22,104		22,104		33,987		14,177		24,530
Class R41		10-31-10		22,489		22,489		33,987		14,177		24,530
Class R51		10-31-10		22,973		22,973		33,987		14,177		24,530
Class R61,2		10-31-10		23,029		23,029		33,987		14,177		24,530

The S&P 500 Index is an unmanaged index that includes 500 widely traded common stocks.

The Bloomberg Barclays U.S. Aggregate Bond Index is an unmanaged index of US dollar-denominated and non-convertible investment-grade debt issues.

The blended index is 60% S&P 500 Index and 40% Bloomberg Barclays U.S. Aggregate Bond Index.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

Footnotes related to performance pages

¹ For certain types of investors, as described in the fund’s prospectus.

² Class R2 shares were first offered on 3-1-12; Class R6 shares were first offered 9-1-11. Returns prior to these dates are those of Class A shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.

³  The contingent deferred sales charge is not applicable.

ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     8

    Your expenses

These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds.

Understanding fund expenses

As a shareholder of the fund, you incur two types of costs:

◾ Transaction costs, which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc.

◾ Ongoing operating expenses, including management fees, distribution and service fees (if applicable), and other fund expenses.

We are presenting only your ongoing operating expenses here.

Actual expenses/actual returns

The first line of each share class in the table on the following page is intended to provide information about the fund’s actual ongoing operating expenses, and is based on the fund’s actual return. It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31,2020.

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at October 31,2020, by $1,000.00, then multiply it by the “expenses paid” for your share class from the table. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

Hypothetical example for comparison purposes

The second line of each share class in the table on the following page allows you to compare the fund’s ongoing operating expenses with those of any other fund. It provides an example of the fund’s hypothetical account values and hypothetical expenses based on each class’s actual expense ratio and an assumed 5% annualized return before expenses (which is not the class’s actual return).It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

9     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT

Remember, these examples do not include any transaction costs, therefore, these examples will not help you to determine the relative total costs of owning different funds. If transaction costs were included, your expenses would have been higher. See the prospectuses for details regarding transaction costs.

SHAREHOLDER EXPENSE EXAMPLE CHART

		Account value on 5-1-2020		Ending value on 10-31-2020		Expenses paid during period ended 10-31-20201		Annualized expense ratio
Class A	Actual expenses/actual returns		$1,000.00		$1,095.70		$5.48		1.04%
	Hypothetical example		1,000.00		1,019.90		5.28		1.04%
Class C	Actual expenses/actual returns		1,000.00		1,092.00		9.31		1.77%
	Hypothetical example		1,000.00		1,016.20		8.97		1.77%
Class I	Actual expenses/actual returns		1,000.00		1,097.90		3.96		0.75%
	Hypothetical example		1,000.00		1,021.40		3.81		0.75%
Class R2	Actual expenses/actual returns		1,000.00		1,095.40		5.90		1.12%
	Hypothetical example		1,000.00		1,019.50		5.69		1.12%
Class R4	Actual expenses/actual returns		1,000.00		1,096.60		4.48		0.85%
	Hypothetical example		1,000.00		1,020.90		4.32		0.85%
Class R5	Actual expenses/actual returns		1,000.00		1,097.80		3.69		0.70%
	Hypothetical example		1,000.00		1,021.60		3.56		0.70%
Class R6	Actual expenses/actual returns		1,000.00		1,097.80		3.37		0.64%
	Hypothetical example		1,000.00		1,021.90		3.25		0.64%

1 Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period).

ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     10

Fund’s investments

AS OF 10-31-20

	Shares		Value
Common stocks 52.5%				$1,553,417,244
(Cost $942,734,268)
Communication services 8.2%				243,307,690
Diversified telecommunication services 1.6%
Verizon Communications, Inc.		863,921		49,234,858
Interactive media and services 4.7%
Alphabet, Inc., Class A (A)		58,502		94,545,667
Facebook, Inc., Class A (A)		168,463		44,324,300
Media 1.9%
Comcast Corp., Class A		1,306,886		55,202,865
Consumer discretionary 7.3%				215,419,228
Internet and direct marketing retail 3.7%
Amazon.com, Inc. (A)		35,830		108,785,223
Multiline retail 1.5%
Dollar General Corp.		216,542		45,194,481
Specialty retail 2.1%
Lowe’s Companies, Inc.		304,371		48,121,055
Ulta Beauty, Inc. (A)		64,412		13,318,469
Consumer staples 4.1%				122,325,561
Beverages 0.4%
Anheuser-Busch InBev SA/NV		216,236		11,185,029
Food and staples retailing 2.5%
Sysco Corp.		321,846		17,801,302
Walmart, Inc.		405,841		56,310,439
Household products 1.2%
The Procter & Gamble Company		270,086		37,028,791
Energy 0.9%				26,847,020
Oil, gas and consumable fuels 0.9%
ConocoPhillips		269,681		7,718,270
Devon Energy Corp.		423,727		3,783,882
Pioneer Natural Resources Company		40,609		3,230,852
Suncor Energy, Inc.		413,665		4,670,278
Valero Energy Corp.		192,793		7,443,738
Financials 6.3%				186,395,636
Banks 2.4%
Citizens Financial Group, Inc.		660,186		17,990,069
JPMorgan Chase & Co.		481,591		47,215,182
SVB Financial Group (A)		26,874		7,812,272

11     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Shares		Value
Financials (continued)
Capital markets 1.2%
BlackRock, Inc.		31,081		$18,624,046
The Goldman Sachs Group, Inc.		85,738		16,207,912
Consumer finance 0.6%
Discover Financial Services		268,337		17,444,588
Diversified financial services 1.7%
Berkshire Hathaway, Inc., Class B (A)		245,599		49,586,438
Insurance 0.4%
Arthur J. Gallagher & Company		111,032		11,515,129
Health care 8.3%				244,369,850
Biotechnology 1.5%
Alexion Pharmaceuticals, Inc. (A)		141,342		16,274,118
Gilead Sciences, Inc.		195,394		11,362,161
Incyte Corp. (A)		135,683		11,755,575
Sage Therapeutics, Inc. (A)		42,503		3,118,870
Health care equipment and supplies 2.5%
Abbott Laboratories		366,674		38,541,104
Danaher Corp.		155,306		35,648,939
Health care providers and services 1.1%
UnitedHealth Group, Inc.		108,663		33,157,428
Life sciences tools and services 0.9%
PerkinElmer, Inc.		41,878		5,425,295
Thermo Fisher Scientific, Inc.		46,487		21,993,929
Pharmaceuticals 2.3%
AstraZeneca PLC		155,356		15,598,653
Eli Lilly & Company		153,616		20,040,743
Johnson & Johnson		149,110		20,444,472
Merck & Company, Inc.		146,371		11,008,563
Industrials 3.3%				98,576,321
Aerospace and defense 0.5%
Northrop Grumman Corp.		54,575		15,816,927
Industrial conglomerates 1.4%
Honeywell International, Inc.		149,528		24,664,644
Roper Technologies, Inc.		42,614		15,824,283
Machinery 1.4%
Deere & Company		99,047		22,375,708
Xylem, Inc.		228,308		19,894,759
Information technology 11.7%				345,163,692
Communications equipment 1.1%
Cisco Systems, Inc.		912,156		32,746,400

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     12

	Shares		Value
Information technology (continued)
IT services 1.7%
Fidelity National Information Services, Inc.		92,526		$11,527,814
PayPal Holdings, Inc. (A)		203,674		37,909,842
Semiconductors and semiconductor equipment 2.1%
Broadcom, Inc.		123,572		43,204,478
Micron Technology, Inc. (A)		399,785		20,125,177
Software 4.0%
Microsoft Corp.		517,590		104,796,447
SAP SE, ADR		114,005		12,179,154
Technology hardware, storage and peripherals 2.8%
Apple, Inc.		759,456		82,674,380
Materials 1.2%				36,136,529
Chemicals 0.5%
Linde PLC		64,740		14,264,812
Metals and mining 0.7%
Franco-Nevada Corp.		97,426		13,278,982
Lundin Mining Corp.		740,559		4,474,593
Teck Resources, Ltd., Class B		313,341		4,118,142
Real estate 1.0%				28,502,199
Equity real estate investment trusts 1.0%
American Tower Corp.		64,262		14,757,768
Digital Realty Trust, Inc.		95,249		13,744,431
Utilities 0.2%				6,373,518
Independent power and renewable electricity producers 0.2%
Brookfield Renewable Corp., Class A		93,960		6,273,709
Multi-utilities 0.0%
Dominion Energy, Inc.		961		99,809
Preferred securities 0.1%				$2,738,450
(Cost $2,604,842)
Financials 0.0%				891,940
Banks 0.0%
GMAC Capital Trust I (3 month LIBOR + 5.785%), 6.065% (B)		26,792		689,626
Wells Fargo & Company, 7.500%		150		202,314
Information technology 0.1%				999,592
Semiconductors and semiconductor equipment 0.1%
Broadcom, Inc., 8.000%		840		999,592

13     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

					Shares		Value
Utilities 0.0%								$846,918
Electric utilities 0.0%
NextEra Energy, Inc., 5.279%						14,250		704,663
The Southern Company, 6.750%						1,552		75,024
Multi-utilities 0.0%
DTE Energy Company, 6.250%						1,413		67,231
	Rate (%)		Maturity date		Par value^		Value
U.S. Government and Agency obligations 17.3%								$511,611,578
(Cost $496,479,524)
U.S. Government 7.4%								219,348,644
U.S. Treasury
Bond		1.250		05-15-50		13,663,000		12,335,127
Bond		2.250		08-15-49		20,045,000		22,867,743
Bond		2.500		02-15-45		10,260,000		12,209,400
Bond		2.750		11-15-42		37,090,000		45,949,584
Bond		3.000		02-15-47		684,000		892,780
Bond		3.125		11-15-41		16,558,000		21,678,044
Note		0.125		06-30-22		10,955,000		10,950,721
Note		0.125		07-31-22		10,715,000		10,708,722
Note		0.125		09-30-22		15,150,000		15,141,715
Note		0.250		09-30-25		41,317,000		41,061,996
Note		0.625		08-15-30		21,296,000		20,800,203
Note		1.625		09-30-26		4,465,000		4,752,609
U.S. Government Agency 9.9%								292,262,934
Federal Home Loan Mortgage Corp.
15 Yr Pass Thru		2.500		11-01-34		2,925,045		3,076,705
30 Yr Pass Thru		2.500		08-01-50		14,175,698		15,071,746
30 Yr Pass Thru		3.000		03-01-43		667,353		730,726
30 Yr Pass Thru		3.000		12-01-45		3,378,779		3,651,986
30 Yr Pass Thru		3.000		10-01-46		9,943,229		10,728,592
30 Yr Pass Thru		3.000		10-01-46		3,929,145		4,213,702
30 Yr Pass Thru		3.000		12-01-46		3,082,634		3,277,948
30 Yr Pass Thru		3.000		12-01-46		2,505,479		2,719,914
30 Yr Pass Thru		3.000		04-01-47		5,057,030		5,328,711
30 Yr Pass Thru		3.000		10-01-49		7,346,942		7,799,618
30 Yr Pass Thru		3.000		10-01-49		6,236,889		6,591,446
30 Yr Pass Thru		3.000		12-01-49		1,451,331		1,540,754
30 Yr Pass Thru		3.000		12-01-49		10,977,471		11,520,050
30 Yr Pass Thru		3.000		01-01-50		8,723,920		9,261,437
30 Yr Pass Thru		3.000		02-01-50		5,118,200		5,371,175
30 Yr Pass Thru		3.500		10-01-46		4,314,654		4,722,648
30 Yr Pass Thru		3.500		12-01-46		2,119,548		2,307,470
30 Yr Pass Thru		3.500		11-01-47		264,805		284,105
30 Yr Pass Thru		3.500		11-01-48		1,560,042		1,702,258

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     14

	Rate (%)		Maturity date		Par value^		Value
U.S. Government Agency (continued)
30 Yr Pass Thru		3.500		06-01-49		2,711,330		$2,902,586
30 Yr Pass Thru		4.000		11-01-47		1,069,177		1,146,839
30 Yr Pass Thru		4.000		08-01-48		1,241,240		1,347,352
30 Yr Pass Thru		4.500		03-01-41		1,382,757		1,547,702
30 Yr Pass Thru		5.500		11-01-39		786,665		919,679
Federal National Mortgage Association
30 Yr Pass Thru		2.000		09-01-50		14,879,642		15,445,598
30 Yr Pass Thru		2.000		09-01-50		4,646,999		4,838,272
30 Yr Pass Thru (C)		2.000		10-01-50		17,225,000		17,857,792
30 Yr Pass Thru		2.500		09-01-50		13,313,175		14,184,866
30 Yr Pass Thru		2.500		09-01-50		15,019,312		16,002,714
30 Yr Pass Thru		3.000		02-01-43		500,221		531,472
30 Yr Pass Thru		3.000		03-01-43		159,309		174,389
30 Yr Pass Thru		3.000		05-01-43		246,664		270,321
30 Yr Pass Thru		3.000		12-01-45		4,695,455		4,952,113
30 Yr Pass Thru		3.000		02-01-47		2,622,568		2,846,236
30 Yr Pass Thru		3.000		10-01-47		5,509,579		5,907,156
30 Yr Pass Thru		3.000		12-01-47		1,676,529		1,766,598
30 Yr Pass Thru		3.000		10-01-49		6,957,860		7,459,946
30 Yr Pass Thru		3.000		11-01-49		1,435,766		1,517,387
30 Yr Pass Thru		3.500		06-01-42		3,188,604		3,515,164
30 Yr Pass Thru		3.500		06-01-43		5,798,558		6,397,851
30 Yr Pass Thru		3.500		12-01-44		1,306,250		1,429,008
30 Yr Pass Thru		3.500		04-01-45		1,054,636		1,151,111
30 Yr Pass Thru		3.500		04-01-45		427,555		466,666
30 Yr Pass Thru		3.500		07-01-47		8,967,744		9,799,298
30 Yr Pass Thru		3.500		12-01-47		1,687,564		1,815,569
30 Yr Pass Thru		3.500		07-01-49		2,390,255		2,522,711
30 Yr Pass Thru		3.500		09-01-49		1,893,934		1,999,951
30 Yr Pass Thru		3.500		01-01-50		3,767,296		3,971,822
30 Yr Pass Thru		3.500		03-01-50		8,793,202		9,303,557
30 Yr Pass Thru		3.500		04-01-50		12,017,934		12,895,720
30 Yr Pass Thru		4.000		01-01-41		1,429,949		1,586,236
30 Yr Pass Thru		4.000		09-01-41		892,884		989,913
30 Yr Pass Thru		4.000		10-01-41		5,725,385		6,351,141
30 Yr Pass Thru		4.000		01-01-47		6,924,385		7,597,984
30 Yr Pass Thru		4.000		04-01-48		1,155,918		1,264,193
30 Yr Pass Thru		4.000		10-01-48		1,128,846		1,234,232
30 Yr Pass Thru		4.000		07-01-49		1,548,345		1,681,281
30 Yr Pass Thru		4.500		11-01-39		1,755,104		1,963,939
30 Yr Pass Thru		4.500		09-01-40		924,240		1,034,213
30 Yr Pass Thru		4.500		05-01-41		554,780		620,791
30 Yr Pass Thru		4.500		07-01-41		1,917,782		2,139,980
30 Yr Pass Thru		4.500		01-01-43		695,320		775,882

15     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Rate (%)		Maturity date		Par value^		Value
U.S. Government Agency (continued)
30 Yr Pass Thru		4.500		04-01-48		4,828,088		$5,307,515
30 Yr Pass Thru		4.500		07-01-48		2,703,814		2,923,295
30 Yr Pass Thru		7.000		06-01-32		740		876
30 Yr Pass Thru		7.500		04-01-31		1,478		1,740
30 Yr Pass Thru		8.000		01-01-31		1,099		1,286
Foreign government obligations 0.2%								$5,560,418
(Cost $4,955,354)
Qatar 0.1%								2,973,680
State of Qatar
Bond (D)		3.375		03-14-24		1,403,000		1,511,845
Bond (D)		5.103		04-23-48		1,060,000		1,461,835
Saudi Arabia 0.1%								2,586,738
Kingdom of Saudi Arabia
Bond (D)		4.375		04-16-29		2,200,000		2,586,738
Corporate bonds 23.9%								$706,650,975
(Cost $685,349,015)
Communication services 3.0%								89,382,482
Diversified telecommunication services 0.8%
AT&T, Inc.		2.300		06-01-27		1,244,000		1,290,755
AT&T, Inc.		3.100		02-01-43		1,923,000		1,825,045
AT&T, Inc.		3.650		06-01-51		528,000		517,304
AT&T, Inc.		3.800		02-15-27		1,056,000		1,188,274
C&W Senior Financing DAC (D)		6.875		09-15-27		1,180,000		1,242,540
CenturyLink, Inc. (D)		4.000		02-15-27		392,000		400,773
Cincinnati Bell, Inc. (D)		7.000		07-15-24		1,291,000		1,334,571
Frontier Communications Corp. (D)		5.875		10-15-27		201,000		204,769
GCI LLC (D)		4.750		10-15-28		583,000		601,773
Level 3 Financing, Inc. (D)		3.400		03-01-27		1,454,000		1,555,446
Liquid Telecommunications Financing PLC (D)		8.500		07-13-22		670,000		680,985
Radiate Holdco LLC (D)		6.500		09-15-28		801,000		825,030
Switch, Ltd. (D)		3.750		09-15-28		272,000		272,340
Telecom Argentina SA (D)		6.500		06-15-21		345,000		326,028
Telecom Argentina SA (D)		8.000		07-18-26		653,000		538,732
Telecom Italia Capital SA		7.200		07-18-36		1,485,000		1,873,550
Telecom Italia SpA (D)		5.303		05-30-24		1,140,000		1,233,423
Verizon Communications, Inc.		3.000		03-22-27		235,000		258,520
Verizon Communications, Inc.		4.329		09-21-28		1,756,000		2,105,655
Verizon Communications, Inc.		4.400		11-01-34		1,365,000		1,683,381
Verizon Communications, Inc.		4.862		08-21-46		2,383,000		3,153,694
Entertainment 0.3%
Activision Blizzard, Inc.		3.400		09-15-26		595,000		672,242
Cable One, Inc. (D)		4.000		11-15-30		448,000		454,720

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     16

	Rate (%)		Maturity date		Par value^		Value
Communication services (continued)
Entertainment (continued)
Lions Gate Capital Holdings LLC (D)		5.875		11-01-24		760,000		$714,400
Lions Gate Capital Holdings LLC (D)		6.375		02-01-24		49,000		47,040
Netflix, Inc.		4.875		04-15-28		2,410,000		2,710,527
Netflix, Inc. (D)		4.875		06-15-30		930,000		1,061,363
Netflix, Inc. (D)		5.375		11-15-29		230,000		269,388
Netflix, Inc.		5.875		11-15-28		1,835,000		2,192,449
Interactive media and services 0.1%
ANGI Group LLC (D)		3.875		08-15-28		589,000		582,374
Match Group Holdings II LLC (D)		4.125		08-01-30		611,000		623,984
National CineMedia LLC (D)		5.875		04-15-28		355,000		246,725
Twitter, Inc. (D)		3.875		12-15-27		676,000		708,989
Media 1.2%
Altice Financing SA (D)		5.000		01-15-28		351,000		340,470
Altice France Holding SA (D)		10.500		05-15-27		225,000		248,063
Charter Communications Operating LLC		4.200		03-15-28		2,183,000		2,474,394
Charter Communications Operating LLC		4.800		03-01-50		2,775,000		3,148,052
Charter Communications Operating LLC		5.750		04-01-48		2,885,000		3,587,278
Charter Communications Operating LLC		6.484		10-23-45		2,410,000		3,233,188
Comcast Corp.		3.999		11-01-49		265,000		318,869
Comcast Corp.		4.049		11-01-52		2,023,000		2,467,396
Comcast Corp.		4.150		10-15-28		5,236,000		6,226,833
Cox Communications, Inc. (D)		1.800		10-01-30		900,000		878,908
Cox Communications, Inc. (D)		2.950		10-01-50		1,232,000		1,178,925
CSC Holdings LLC (D)		4.625		12-01-30		212,000		211,943
CSC Holdings LLC (D)		5.375		02-01-28		360,000		382,500
CSC Holdings LLC (D)		5.750		01-15-30		1,504,000		1,607,844
CSC Holdings LLC		5.875		09-15-22		905,000		954,775
CSC Holdings LLC (D)		7.500		04-01-28		730,000		799,251
Globo Comunicacao e Participacoes SA (D)		4.875		01-22-30		1,350,000		1,335,501
LCPR Senior Secured Financing DAC (D)		6.750		10-15-27		765,000		812,813
MDC Partners, Inc. (D)		6.500		05-01-24		1,784,000		1,706,967
Meredith Corp.		6.875		02-01-26		1,717,000		1,422,964
Sirius XM Radio, Inc. (D)		5.000		08-01-27		1,657,000		1,735,708
Virgin Media Finance PLC (D)		5.000		07-15-30		334,000		332,330
WMG Acquisition Corp. (D)		5.500		04-15-26		800,000		830,000
Wireless telecommunication services 0.6%
Comunicaciones Celulares SA (D)		6.875		02-06-24		455,000		465,238
Millicom International Cellular SA (D)		5.125		01-15-28		200,000		210,000
MTN Mauritius Investments, Ltd. (D)		4.755		11-11-24		630,000		645,969
Oztel Holdings SPC, Ltd. (D)		6.625		04-24-28		785,000		769,977
SoftBank Group Corp. (6.875% to 7-19-27, then 5 Year ICE Swap Rate + 4.854%) (E)		6.875		07-19-27		1,999,000		1,897,551

17     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Rate (%)		Maturity date		Par value^		Value
Communication services (continued)
Wireless telecommunication services (continued)
Sprint Corp.		7.875		09-15-23		1,120,000		$1,278,200
Telefonica Celular del Paraguay SA (D)		5.875		04-15-27		1,073,000		1,137,380
T-Mobile USA, Inc. (D)		2.050		02-15-28		2,402,000		2,430,752
T-Mobile USA, Inc. (D)		2.550		02-15-31		606,000		616,738
T-Mobile USA, Inc. (D)		3.300		02-15-51		2,190,000		2,112,605
T-Mobile USA, Inc. (D)		3.750		04-15-27		911,000		1,015,191
T-Mobile USA, Inc. (D)		3.875		04-15-30		2,393,000		2,688,200
T-Mobile USA, Inc. (D)		4.500		04-15-50		1,421,000		1,654,733
Vodafone Group PLC (7.000% to 1-4-29, then 5 Year U.S. Swap Rate + 4.873%)		7.000		04-04-79		2,383,000		2,828,187
Consumer discretionary 2.6%								76,682,785
Auto components 0.0%
Dealer Tire LLC (D)		8.000		02-01-28		314,000		321,065
Magna International, Inc.		2.450		06-15-30		431,000		451,981
Automobiles 0.8%
Daimler Finance North America LLC (D)		2.700		06-14-24		1,080,000		1,142,696
Daimler Finance North America LLC (D)		3.500		08-03-25		670,000		737,353
Daimler Finance North America LLC (D)		3.750		11-05-21		170,000		175,250
Ford Motor Credit Company LLC		4.125		08-17-27		1,319,000		1,299,215
Ford Motor Credit Company LLC		4.134		08-04-25		4,427,000		4,397,383
Ford Motor Credit Company LLC		5.113		05-03-29		2,379,000		2,471,186
Ford Motor Credit Company LLC		5.875		08-02-21		2,060,000		2,103,672
General Motors Company		5.400		04-01-48		655,000		745,182
General Motors Financial Company, Inc.		3.600		06-21-30		2,609,000		2,742,937
General Motors Financial Company, Inc.		4.000		01-15-25		652,000		699,122
General Motors Financial Company, Inc.		4.300		07-13-25		1,735,000		1,891,822
General Motors Financial Company, Inc.		5.200		03-20-23		1,358,000		1,473,504
Hyundai Capital America (D)		1.800		10-15-25		726,000		724,148
Hyundai Capital America (D)		2.375		10-15-27		726,000		730,848
Nissan Motor Acceptance Corp. (D)		3.450		03-15-23		725,000		744,804
Volkswagen Group of America Finance LLC (D)		2.900		05-13-22		1,668,000		1,722,305
Diversified consumer services 0.1%
GEMS MENASA Cayman, Ltd. (D)		7.125		07-31-26		280,000		277,200
Laureate Education, Inc. (D)		8.250		05-01-25		475,000		505,975
Service Corp. International		3.375		08-15-30		451,000		457,201
Sotheby’s (D)(F)		7.375		10-15-27		843,000		863,333
Hotels, restaurants and leisure 0.6%
Caesars Resort Collection LLC (D)		5.750		07-01-25		340,000		348,714
CCM Merger, Inc. (D)		6.000		03-15-22		764,000		776,606
CCM Merger, Inc. (D)		6.375		05-01-26		503,000		514,946
Choice Hotels International, Inc.		3.700		01-15-31		352,000		364,213

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     18

	Rate (%)		Maturity date		Par value^		Value
Consumer discretionary (continued)
Hotels, restaurants and leisure (continued)
Connect Finco SARL (D)		6.750		10-01-26		1,377,000		$1,386,914
Dave & Buster’s, Inc. (D)		7.625		11-01-25		203,000		199,194
Hilton Domestic Operating Company, Inc.		4.875		01-15-30		497,000		511,289
Hilton Domestic Operating Company, Inc. (D)		5.750		05-01-28		237,000		248,425
International Game Technology PLC (D)		5.250		01-15-29		225,000		222,750
International Game Technology PLC (D)		6.500		02-15-25		570,000		609,900
Jacobs Entertainment, Inc. (D)		7.875		02-01-24		969,000		949,620
Marriott International, Inc.		3.500		10-15-32		1,237,000		1,219,035
MGM Resorts International		4.750		10-15-28		1,504,000		1,470,160
New Red Finance, Inc. (D)		4.000		10-15-30		2,222,000		2,208,113
Resorts World Las Vegas LLC (D)		4.625		04-16-29		865,000		799,387
Starbucks Corp.		2.250		03-12-30		2,268,000		2,325,604
Twin River Worldwide Holdings, Inc. (D)		6.750		06-01-27		1,423,000		1,440,901
Wyndham Destinations, Inc. (D)		4.625		03-01-30		479,000		458,643
Wyndham Hotels & Resorts, Inc. (D)		4.375		08-15-28		248,000		246,492
Yum! Brands, Inc.		3.625		03-15-31		828,000		813,510
Yum! Brands, Inc. (D)		4.750		01-15-30		598,000		641,481
Internet and direct marketing retail 0.6%
Amazon.com, Inc.		3.150		08-22-27		2,830,000		3,205,275
Amazon.com, Inc.		4.050		08-22-47		1,690,000		2,158,290
eBay, Inc.		2.700		03-11-30		2,272,000		2,376,541
Expedia Group, Inc.		3.250		02-15-30		1,676,000		1,625,799
Expedia Group, Inc.		3.800		02-15-28		2,565,000		2,575,772
Expedia Group, Inc.		5.000		02-15-26		2,354,000		2,523,322
Prosus NV (D)		4.850		07-06-27		250,000		285,983
Prosus NV (D)		5.500		07-21-25		1,465,000		1,680,812
QVC, Inc.		4.375		03-15-23		1,130,000		1,170,963
QVC, Inc.		5.450		08-15-34		630,000		622,125
Multiline retail 0.2%
Dollar General Corp.		3.500		04-03-30		1,305,000		1,483,686
Dollar Tree, Inc.		4.200		05-15-28		3,215,000		3,759,733
Macy’s, Inc. (D)		8.375		06-15-25		335,000		349,774
Nordstrom, Inc. (D)		8.750		05-15-25		125,000		136,898
Target Corp.		2.650		09-15-30		911,000		1,006,621
Specialty retail 0.2%
Asbury Automotive Group, Inc. (D)		4.750		03-01-30		615,000		634,988
AutoNation, Inc.		4.750		06-01-30		655,000		767,222
Group 1 Automotive, Inc. (D)		4.000		08-15-28		52,000		52,065
Ken Garff Automotive LLC (D)		4.875		09-15-28		603,000		597,467
Michaels Stores, Inc. (D)		4.750		10-01-27		210,000		205,275
Specialty Building Products Holdings LLC (D)		6.375		09-30-26		97,000		98,940

19     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Rate (%)		Maturity date		Par value^		Value
Consumer discretionary (continued)
Specialty retail (continued)
The TJX Companies, Inc.		3.500		04-15-25		1,571,000		$1,744,667
The TJX Companies, Inc.		3.875		04-15-30		1,787,000		2,114,263
Textiles, apparel and luxury goods 0.1%
Hanesbrands, Inc. (D)		5.375		05-15-25		450,000		473,625
Levi Strauss & Company		5.000		05-01-25		584,000		598,600
Consumer staples 0.6%								18,465,909
Beverages 0.1%
Anheuser-Busch InBev Worldwide, Inc.		4.600		04-15-48		1,621,000		1,920,300
Constellation Brands, Inc.		2.875		05-01-30		422,000		453,857
Keurig Dr. Pepper, Inc.		3.200		05-01-30		391,000		435,584
Food and staples retailing 0.2%
Advantage Sales & Marketing, Inc. (D)		6.500		11-15-28		1,530,000		1,497,717
Albertsons Companies, Inc. (D)		3.250		03-15-26		438,000		430,335
Albertsons Companies, Inc. (D)		3.500		03-15-29		1,097,000		1,064,200
Albertsons Companies, Inc. (D)		4.875		02-15-30		386,000		409,971
Alimentation Couche-Tard, Inc. (D)		2.700		07-26-22		890,000		918,834
Sysco Corp.		5.950		04-01-30		712,000		908,795
The Kroger Company		2.200		05-01-30		700,000		724,871
Food products 0.3%
BRF SA (D)		5.750		09-21-50		1,039,000		990,427
Cargill, Inc. (D)		2.125		04-23-30		555,000		577,774
JBS Investments II GmbH (D)		5.750		01-15-28		1,715,000		1,801,822
Kraft Heinz Foods Company (D)		3.875		05-15-27		81,000		85,608
Kraft Heinz Foods Company (D)		5.500		06-01-50		959,000		1,088,368
Lamb Weston Holdings, Inc. (D)		4.875		05-15-28		58,000		62,843
NBM US Holdings, Inc. (D)		6.625		08-06-29		631,000		680,691
NBM US Holdings, Inc. (D)		7.000		05-14-26		645,000		684,345
Post Holdings, Inc. (D)		5.500		12-15-29		814,000		878,103
Simmons Foods, Inc. (D)		5.750		11-01-24		890,000		882,213
Household products 0.0%
Edgewell Personal Care Company (D)		5.500		06-01-28		433,000		455,074
Personal products 0.0%
Natura Cosmeticos SA (D)		5.375		02-01-23		1,190,000		1,222,725
Walnut Bidco PLC (D)		9.125		08-01-24		285,000		291,452
Energy 1.9%								56,050,405
Energy equipment and services 0.1%
CSI Compressco LP (D)		7.500		04-01-25		1,439,000		1,262,723
CSI Compressco LP (D)		7.500		04-01-25		262,000		229,905
CSI Compressco LP (10.000% Cash or 7.250% Cash and 2.750% PIK) (D)		10.000		04-01-26		822,626		592,291
Inkia Energy, Ltd. (D)		5.875		11-09-27		220,000		229,636

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     20

	Rate (%)		Maturity date		Par value^		Value
Energy (continued)
Energy equipment and services (continued)
Tervita Corp. (D)		7.625		12-01-21		714,000		$685,440
Oil, gas and consumable fuels 1.8%
Aker BP ASA (D)		2.875		01-15-26		980,000		970,111
Aker BP ASA (D)		3.000		01-15-25		1,070,000		1,068,740
Aker BP ASA (D)		4.000		01-15-31		1,841,000		1,800,529
Altera Infrastructure LP (D)		8.500		07-15-23		886,000		748,670
Antero Resources Corp.		5.000		03-01-25		584,000		438,000
Cheniere Energy Partners LP		4.500		10-01-29		1,549,000		1,579,236
Cimarex Energy Company		4.375		06-01-24		700,000		747,305
Colorado Interstate Gas Company LLC (D)		4.150		08-15-26		487,000		535,812
DCP Midstream Operating LP (5.850% to 5-21-23, then 3 month LIBOR + 3.850%) (D)		5.850		05-21-43		652,000		484,703
Enbridge, Inc. (5.500% to 7-15-27, then 3 month LIBOR + 3.418%)		5.500		07-15-77		1,240,000		1,184,324
Enbridge, Inc. (5.750% to 4-15-30, then 5 Year CMT + 5.314%)		5.750		07-15-80		1,685,000		1,717,438
Enbridge, Inc. (6.250% to 3-1-28, then 3 month LIBOR + 3.641%)		6.250		03-01-78		1,380,000		1,396,288
Energy Transfer Operating LP		4.200		04-15-27		494,000		513,335
Energy Transfer Operating LP		4.250		03-15-23		1,625,000		1,691,881
Energy Transfer Operating LP		5.150		03-15-45		1,486,000		1,376,845
Energy Transfer Operating LP		5.875		01-15-24		1,357,000		1,483,964
Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month LIBOR + 3.033%)		5.250		08-16-77		2,668,000		2,517,386
Husky Energy, Inc.		3.950		04-15-22		912,000		930,230
Kinder Morgan Energy Partners LP		7.750		03-15-32		855,000		1,148,106
Leviathan Bond, Ltd. (D)		6.500		06-30-27		1,610,000		1,654,159
Leviathan Bond, Ltd. (D)		6.750		06-30-30		256,000		261,760
Midwest Connector Capital Company LLC (D)		3.625		04-01-22		611,000		617,070
Midwest Connector Capital Company LLC (D)		3.900		04-01-24		1,779,000		1,802,940
MPLX LP		4.000		03-15-28		933,000		1,011,964
MPLX LP		4.125		03-01-27		310,000		338,694
MPLX LP		4.250		12-01-27		380,000		420,353
MPLX LP		5.250		01-15-25		680,000		701,280
MPLX LP (6.875% to 2-15-23, then 3 month LIBOR + 4.652%) (E)		6.875		02-15-23		3,055,000		2,566,689
ONEOK Partners LP		4.900		03-15-25		750,000		818,828
Petrobras Global Finance BV		5.093		01-15-30		3,629,000		3,790,037
Petrobras Global Finance BV		6.900		03-19-49		620,000		701,617
Phillips 66		3.700		04-06-23		312,000		333,839
Sabine Pass Liquefaction LLC		4.200		03-15-28		846,000		916,643

21     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Rate (%)		Maturity date		Par value^		Value
Energy (continued)
Oil, gas and consumable fuels (continued)
Sabine Pass Liquefaction LLC		5.000		03-15-27		950,000		$1,065,688
Sabine Pass Liquefaction LLC		5.875		06-30-26		2,235,000		2,625,923
Sunoco Logistics Partners Operations LP		3.900		07-15-26		1,430,000		1,473,131
Sunoco Logistics Partners Operations LP		5.400		10-01-47		995,000		958,872
Targa Resources Partners LP		5.875		04-15-26		1,976,000		2,015,520
The Williams Companies, Inc.		3.750		06-15-27		1,650,000		1,797,419
The Williams Companies, Inc.		4.550		06-24-24		2,922,000		3,223,104
The Williams Companies, Inc.		5.750		06-24-44		367,000		422,588
TransCanada PipeLines, Ltd.		4.250		05-15-28		1,050,000		1,199,389
Financials 6.3%								184,637,189
Banks 3.8%
Australia & New Zealand Banking Group, Ltd. (6.750% to 6-15-26, then 5 Year ICE Swap Rate + 5.168%) (D)(E)		6.750		06-15-26		740,000		839,352
Banco Santander SA		4.379		04-12-28		1,380,000		1,568,156
Bank of America Corp. (2.592% to 4-29-30, then SOFR + 2.150%)		2.592		04-29-31		2,120,000		2,217,501
Bank of America Corp. (2.831% to 10-24-50, then SOFR + 1.880%)		2.831		10-24-51		1,364,000		1,347,189
Bank of America Corp.		3.950		04-21-25		2,119,000		2,365,550
Bank of America Corp.		4.200		08-26-24		683,000		761,173
Bank of America Corp.		4.450		03-03-26		2,346,000		2,699,284
Bank of America Corp. (6.300% to 3-10-26, then 3 month LIBOR + 4.553%) (E)		6.300		03-10-26		2,563,000		2,909,005
Barclays Bank PLC (D)		10.179		06-12-21		345,000		363,296
Barclays PLC		4.375		01-12-26		1,220,000		1,379,692
BPCE SA (D)		4.500		03-15-25		1,215,000		1,348,680
BPCE SA (D)		5.700		10-22-23		1,640,000		1,840,252
Citigroup, Inc.		3.200		10-21-26		2,161,000		2,376,467
Citigroup, Inc.		4.600		03-09-26		2,812,000		3,240,737
Citigroup, Inc. (4.700% to 1-30-25, then SOFR + 3.234%) (E)		4.700		01-30-25		2,040,000		1,998,690
Citigroup, Inc.		5.500		09-13-25		565,000		669,764
Citigroup, Inc. (6.125% to 2-15-21, then 3 month LIBOR + 4.478%) (E)		6.125		02-15-21		615,000		607,625
Citigroup, Inc. (6.250% to 8-15-26, then 3 month LIBOR + 4.517%) (E)		6.250		08-15-26		1,845,000		2,061,013
Citizens Financial Group, Inc.		3.250		04-30-30		2,133,000		2,324,525
Credit Agricole SA (D)		3.250		01-14-30		2,401,000		2,560,629
Credit Agricole SA (7.875% to 1-23-24, then 5 Year U.S. Swap Rate + 4.898%) (D)(E)		7.875		01-23-24		1,350,000		1,487,970
Danske Bank A/S (D)		5.000		01-12-22		1,135,000		1,188,595
Discover Bank		2.450		09-12-24		1,750,000		1,840,595

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     22

	Rate (%)		Maturity date		Par value^		Value
Financials (continued)
Banks (continued)
Fifth Third Bancorp (5.100% to 6-30-23, then 3 month LIBOR + 3.033%) (E)		5.100		06-30-23		1,041,000		$983,745
Freedom Mortgage Corp. (D)		8.125		11-15-24		1,212,000		1,221,090
Freedom Mortgage Corp. (D)		8.250		04-15-25		250,000		252,650
HSBC Holdings PLC (3.950% to 5-18-23, then 3 month LIBOR + 0.987%)		3.950		05-18-24		2,735,000		2,940,327
HSBC Holdings PLC (6.375% to 3-30-25, then 5 Year ICE Swap Rate + 4.368%) (E)		6.375		03-30-25		342,000		356,108
HSBC Holdings PLC (6.875% to 6-1-21, then 5 Year ICE Swap Rate + 5.514%) (E)		6.875		06-01-21		1,305,000		1,324,275
ING Groep NV		3.550		04-09-24		1,507,000		1,641,651
ING Groep NV (6.500% to 4-16-25, then 5 Year U.S. Swap Rate + 4.446%) (E)		6.500		04-16-25		375,000		397,031
JPMorgan Chase & Co. (2.522% to 4-22-30, then SOFR + 2.040%)		2.522		04-22-31		2,240,000		2,359,547
JPMorgan Chase & Co.		2.950		10-01-26		2,619,000		2,883,179
JPMorgan Chase & Co. (2.956% to 5-13-30, then SOFR + 2.515%)		2.956		05-13-31		2,124,000		2,260,044
JPMorgan Chase & Co. (3.960% to 1-29-26, then 3 month LIBOR + 1.245%)		3.960		01-29-27		2,168,000		2,467,413
JPMorgan Chase & Co. (4.600% to 2-1-25, then SOFR + 3.125%) (E)		4.600		02-01-25		1,743,000		1,718,598
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) (E)		6.750		02-01-24		1,915,000		2,093,782
Lloyds Banking Group PLC		4.450		05-08-25		3,645,000		4,131,802
Lloyds Banking Group PLC (7.500% to 6-27-24, then 5 Year U.S. Swap Rate + 4.760%) (E)		7.500		06-27-24		1,455,000		1,535,025
M&T Bank Corp. (5.125% to 11-1-26, then 3 month LIBOR + 3.520%) (E)		5.125		11-01-26		1,065,000		1,117,361
Natwest Group PLC (3.754% to 11-1-24, then 5 Year CMT + 2.100%)		3.754		11-01-29		538,000		558,842
Natwest Group PLC		3.875		09-12-23		1,870,000		2,016,645
Natwest Group PLC (6.000% to 12-29-25, then 5 Year CMT + 5.625%) (E)		6.000		12-29-25		1,850,000		1,914,195
Natwest Group PLC (8.625% to 8-15-21, then 5 Year U.S. Swap Rate + 7.598%) (E)		8.625		08-15-21		2,611,000		2,694,839
PNC Bank NA		2.450		07-28-22		1,410,000		1,458,488
Regions Financial Corp.		2.250		05-18-25		3,684,000		3,891,808
Santander Holdings USA, Inc.		3.244		10-05-26		3,234,000		3,479,987
Santander Holdings USA, Inc.		3.400		01-18-23		1,220,000		1,280,793
Santander Holdings USA, Inc.		3.450		06-02-25		2,745,000		2,959,374
Santander Holdings USA, Inc.		3.500		06-07-24		2,792,000		3,006,479

23     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Rate (%)		Maturity date		Par value^		Value
Financials (continued)
Banks (continued)
Santander Holdings USA, Inc.		4.400		07-13-27		595,000		$663,884
Santander UK Group Holdings PLC (D)		4.750		09-15-25		1,095,000		1,207,440
Societe Generale SA (7.375% to 9-13-21, then 5 Year U.S. Swap Rate + 6.238%) (D)(E)		7.375		09-13-21		1,250,000		1,284,000
The PNC Financial Services Group, Inc.		3.150		05-19-27		244,000		271,916
The PNC Financial Services Group, Inc. (4.850% to 6-1-23, then 3 month LIBOR + 3.040%) (E)		4.850		06-01-23		1,085,000		1,093,138
The PNC Financial Services Group, Inc. (6.750% to 8-1-21, then 3 month LIBOR + 3.678%) (E)		6.750		08-01-21		1,861,000		1,900,081
Wells Fargo & Company (2.188% to 4-30-25, then SOFR + 2.000%)		2.188		04-30-26		2,923,000		3,038,817
Wells Fargo & Company (2.393% to 6-2-27, then SOFR + 2.100%)		2.393		06-02-28		3,039,000		3,152,971
Wells Fargo & Company (3.068% to 4-30-40, then SOFR + 2.530%)		3.068		04-30-41		1,741,000		1,802,353
Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) (E)		5.875		06-15-25		3,978,000		4,267,920
Capital markets 0.9%
Ares Capital Corp.		3.875		01-15-26		1,417,000		1,453,288
Ares Capital Corp.		4.200		06-10-24		1,286,000		1,343,189
Cantor Fitzgerald LP (D)		4.875		05-01-24		1,944,000		2,123,142
Credit Suisse Group AG (D)		3.574		01-09-23		337,000		348,131
Credit Suisse Group AG (5.250% to 2-11-27, then 5 Year CMT + 4.889%) (D)(E)		5.250		02-11-27		867,000		872,896
Credit Suisse Group AG (7.500% to 7-17-23, then 5 Year U.S. Swap Rate + 4.600%) (D)(E)		7.500		07-17-23		1,155,000		1,224,312
Credit Suisse Group AG (7.500% to 12-11-23, then 5 Year U.S. Swap Rate + 4.598%) (D)(E)		7.500		12-11-23		620,000		672,700
Lazard Group LLC		4.375		03-11-29		1,115,000		1,274,236
Macquarie Bank, Ltd. (D)		3.624		06-03-30		1,265,000		1,327,802
Macquarie Bank, Ltd. (D)		4.875		06-10-25		1,395,000		1,565,600
Morgan Stanley (2.188% to 4-28-25, then SOFR + 1.990%)		2.188		04-28-26		3,614,000		3,785,119
Morgan Stanley		3.875		01-27-26		1,078,000		1,223,639
Raymond James Financial, Inc.		4.650		04-01-30		740,000		894,798
Stifel Financial Corp.		4.250		07-18-24		884,000		984,869
The Goldman Sachs Group, Inc.		3.850		01-26-27		3,636,000		4,090,417
UBS Group AG (6.875% to 3-22-21, then 5 Year U.S. Swap Rate + 5.497%) (E)		6.875		03-22-21		1,419,000		1,435,858

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     24

	Rate (%)		Maturity date		Par value^		Value
Financials (continued)
Capital markets (continued)
UBS Group AG (7.000% to 1-31-24, then 5 Year U.S. Swap Rate + 4.344%) (D)(E)		7.000		01-31-24		1,198,000		$1,289,348
Consumer finance 0.4%
Ally Financial, Inc.		5.125		09-30-24		2,384,000		2,694,727
Ally Financial, Inc.		5.800		05-01-25		970,000		1,131,856
Capital One Financial Corp.		2.600		05-11-23		671,000		703,144
Capital One Financial Corp.		3.900		01-29-24		1,950,000		2,127,518
Credito Real SAB de CV (9.125% to 11-29-22, then 5 Year CMT + 7.026%) (D)(E)		9.125		11-29-22		510,000		373,575
Discover Financial Services		3.950		11-06-24		1,970,000		2,175,396
Discover Financial Services		4.100		02-09-27		426,000		476,522
Enova International, Inc. (D)		8.500		09-01-24		142,000		130,285
Enova International, Inc. (D)		8.500		09-15-25		845,000		777,400
OneMain Finance Corp.		6.875		03-15-25		260,000		286,000
OneMain Finance Corp.		8.875		06-01-25		375,000		412,500
Diversified financial services 0.4%
Allied Universal Holdco LLC (D)		6.625		07-15-26		596,000		623,565
Brightstar Escrow Corp. (D)		9.750		10-15-25		522,000		520,544
GE Capital International Funding Company Unlimited Company		4.418		11-15-35		2,498,000		2,700,503
Gogo Intermediate Holdings LLC (D)		9.875		05-01-24		858,000		903,045
Jefferies Financial Group, Inc.		5.500		10-18-23		888,000		976,015
Jefferies Group LLC		4.150		01-23-30		1,680,000		1,911,639
Jefferies Group LLC		4.850		01-15-27		2,010,000		2,309,950
Operadora de Servicios Mega SA de CV (D)		8.250		02-11-25		516,000		477,403
Refinitiv US Holdings, Inc. (D)		6.250		05-15-26		100,000		106,813
Refinitiv US Holdings, Inc. (D)		8.250		11-15-26		160,000		174,392
Trident TPI Holdings, Inc. (D)		6.625		11-01-25		200,000		198,500
Voya Financial, Inc. (5.650% to 5-15-23, then 3 month LIBOR + 3.580%)		5.650		05-15-53		2,284,000		2,355,398
Insurance 0.7%
AXA SA		8.600		12-15-30		660,000		1,016,442
Brighthouse Financial, Inc.		3.700		06-22-27		2,610,000		2,748,629
CNA Financial Corp.		2.050		08-15-30		627,000		626,936
CNO Financial Group, Inc.		5.250		05-30-25		882,000		1,009,505
CNO Financial Group, Inc.		5.250		05-30-29		1,878,000		2,185,344
Liberty Mutual Group, Inc. (D)		3.951		10-15-50		1,781,000		1,963,563
Liberty Mutual Group, Inc. (7.800% to 3-15-37, then 3 month LIBOR + 3.576%) (D)		7.800		03-15-37		36,000		44,072
MetLife, Inc. (6.400% to 12-15-36, then 3 month LIBOR + 2.205%)		6.400		12-15-36		1,360,000		1,679,863

25     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Rate (%)		Maturity date		Par value^		Value
Financials (continued)
Insurance (continued)
MetLife, Inc. (9.250% to 4-8-38, then 3 month LIBOR + 5.540%) (D)		9.250		04-08-38		320,000		$460,975
New York Life Insurance Company (D)		3.750		05-15-50		1,051,000		1,168,103
Nippon Life Insurance Company (5.100% to 10-16-24, then 5 Year ICE Swap Rate + 3.650%) (D)		5.100		10-16-44		1,245,000		1,391,288
Prudential Financial, Inc. (5.875% to 9-15-22, then 3 month LIBOR + 4.175%)		5.875		09-15-42		3,067,000		3,244,422
Teachers Insurance & Annuity Association of America (D)		4.270		05-15-47		1,632,000		1,905,490
Thrifts and mortgage finance 0.1%
Ladder Capital Finance Holdings LLLP (D)		5.250		03-15-22		220,000		213,400
Nationstar Mortgage Holdings, Inc. (D)		5.500		08-15-28		582,000		580,545
Nationstar Mortgage Holdings, Inc. (D)		6.000		01-15-27		254,000		254,000
Nationstar Mortgage Holdings, Inc. (D)		9.125		07-15-26		300,000		320,811
Nationwide Building Society (3.622% to 4-26-22, then 3 month LIBOR + 1.181%) (D)		3.622		04-26-23		1,239,000		1,287,679
Radian Group, Inc.		4.500		10-01-24		450,000		456,750
Health care 1.6%								46,131,933
Biotechnology 0.3%
AbbVie, Inc. (D)		3.200		11-21-29		3,397,000		3,737,911
AbbVie, Inc. (D)		4.250		11-21-49		1,075,000		1,250,421
Gilead Sciences, Inc.		2.800		10-01-50		1,702,000		1,617,735
Shire Acquisitions Investments Ireland DAC		3.200		09-23-26		2,385,000		2,650,729
Health care equipment and supplies 0.1%
Varex Imaging Corp. (D)		7.875		10-15-27		483,000		491,453
Health care providers and services 1.0%
AmerisourceBergen Corp.		2.800		05-15-30		1,385,000		1,472,088
Anthem, Inc.		2.250		05-15-30		560,000		576,747
Centene Corp.		3.000		10-15-30		1,383,000		1,436,181
Centene Corp.		3.375		02-15-30		397,000		412,352
Centene Corp.		4.250		12-15-27		289,000		304,173
Centene Corp.		4.625		12-15-29		302,000		328,798
Centene Corp. (D)		5.375		06-01-26		1,244,000		1,308,949
CVS Health Corp.		2.700		08-21-40		956,000		912,338
CVS Health Corp.		3.000		08-15-26		206,000		224,285
CVS Health Corp.		3.750		04-01-30		1,451,000		1,643,272
CVS Health Corp.		4.300		03-25-28		1,675,000		1,941,135
CVS Health Corp.		5.050		03-25-48		2,031,000		2,566,364
DaVita, Inc. (D)		3.750		02-15-31		1,153,000		1,108,321
DaVita, Inc. (D)		4.625		06-01-30		1,368,000		1,391,454

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     26

	Rate (%)		Maturity date		Par value^		Value
Health care (continued)
Health care providers and services (continued)
Encompass Health Corp.		4.500		02-01-28		462,000		$473,143
Encompass Health Corp.		4.625		04-01-31		535,000		551,050
Fresenius Medical Care US Finance III, Inc. (D)		2.375		02-16-31		2,225,000		2,185,252
HCA, Inc.		4.125		06-15-29		1,011,000		1,146,049
HCA, Inc.		5.250		04-15-25		1,508,000		1,746,523
HCA, Inc.		5.250		06-15-26		1,130,000		1,316,056
MEDNAX, Inc. (D)		5.250		12-01-23		665,000		669,988
MEDNAX, Inc. (D)		6.250		01-15-27		755,000		778,594
Rede D’or Finance Sarl (D)		4.500		01-22-30		1,407,000		1,384,136
Select Medical Corp. (D)		6.250		08-15-26		1,130,000		1,192,150
Team Health Holdings, Inc. (D)		6.375		02-01-25		150,000		92,355
Universal Health Services, Inc. (D)		2.650		10-15-30		902,000		899,141
Universal Health Services, Inc. (D)		5.000		06-01-26		1,962,000		2,035,575
Life sciences tools and services 0.0%
Charles River Laboratories International, Inc. (D)		4.250		05-01-28		169,000		176,605
Pharmaceuticals 0.2%
Bausch Health Companies, Inc. (D)		5.250		01-30-30		495,000		486,338
Bausch Health Companies, Inc. (D)		6.125		04-15-25		1,315,000		1,351,820
Bausch Health Companies, Inc. (D)		6.250		02-15-29		1,415,000		1,458,242
Catalent Pharma Solutions, Inc. (D)		5.000		07-15-27		155,000		161,588
Royalty Pharma PLC (D)		1.750		09-02-27		635,000		630,491
Upjohn, Inc. (D)		2.300		06-22-27		743,000		767,792
Upjohn, Inc. (D)		2.700		06-22-30		1,216,000		1,254,339
Industrials 2.6%								76,487,713
Aerospace and defense 0.5%
BAE Systems PLC (D)		1.900		02-15-31		1,880,000		1,866,208
Howmet Aerospace, Inc.		5.125		10-01-24		1,176,000		1,235,470
Huntington Ingalls Industries, Inc. (D)		3.844		05-01-25		240,000		264,065
Huntington Ingalls Industries, Inc. (D)		4.200		05-01-30		1,617,000		1,866,468
Huntington Ingalls Industries, Inc. (D)		5.000		11-15-25		1,227,000		1,258,411
Kratos Defense & Security Solutions, Inc. (D)		6.500		11-30-25		655,000		682,838
The Boeing Company		3.200		03-01-29		2,384,000		2,329,779
The Boeing Company		5.040		05-01-27		1,846,000		2,027,404
The Boeing Company		5.805		05-01-50		972,000		1,143,139
TransDigm, Inc.		5.500		11-15-27		2,253,000		2,196,562
Air freight and logistics 0.1%
United Parcel Service, Inc.		3.900		04-01-25		1,274,000		1,445,407
XPO Logistics, Inc. (D)		6.250		05-01-25		106,000		112,659
XPO Logistics, Inc. (D)		6.500		06-15-22		674,000		676,487

27     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Rate (%)		Maturity date		Par value^		Value
Industrials (continued)
Airlines 0.7%
Air Canada 2013-1 Class A Pass Through Trust (D)		4.125		05-15-25		462,291		$423,211
Air Canada 2017-1 Class B Pass Through Trust (D)		3.700		01-15-26		655,450		545,987
American Airlines 2001-1 Pass Through Trust		6.977		05-23-21		62,070		56,946
American Airlines 2015-1 Class A Pass Through Trust		3.375		05-01-27		963,796		720,264
American Airlines 2015-1 Class B Pass Through Trust		3.700		05-01-23		406,097		258,767
American Airlines 2016-1 Class A Pass Through Trust		4.100		01-15-28		1,171,958		873,109
American Airlines 2017-1 Class A Pass Through Trust		4.000		02-15-29		530,400		432,379
American Airlines 2017-1 Class AA Pass Through Trust		3.650		02-15-29		812,175		751,262
American Airlines 2017-2 Class A Pass Through Trust		3.600		10-15-29		358,848		275,223
American Airlines 2019-1 Class A Pass Through Trust		3.500		02-15-32		579,139		436,996
American Airlines 2019-1 Class AA Pass Through Trust		3.150		02-15-32		960,405		869,167
British Airways 2013-1 Class A Pass Through Trust (D)		4.625		06-20-24		556,680		535,122
British Airways 2018-1 Class A Pass Through Trust (D)		4.125		09-20-31		319,613		261,633
Continental Airlines 2007-1 Class A Pass Through Trust		5.983		04-19-22		290,515		278,894
Delta Air Lines 2002-1 Class G-1 Pass Through Trust		6.718		01-02-23		243,856		232,687
Delta Air Lines, Inc.		2.900		10-28-24		2,361,000		2,055,187
Delta Air Lines, Inc.		3.800		04-19-23		1,272,000		1,203,747
Delta Air Lines, Inc.		4.375		04-19-28		1,550,000		1,335,360
Delta Air Lines, Inc. (D)		4.500		10-20-25		370,000		375,510
JetBlue 2019-1 Class AA Pass Through Trust		2.750		05-15-32		863,343		840,263
United Airlines 2014-2 Class A Pass Through Trust		3.750		09-03-26		1,522,374		1,461,479
United Airlines 2014-2 Class B Pass Through Trust		4.625		09-03-22		403,078		371,750
United Airlines 2016-1 Class A Pass Through Trust		3.450		07-07-28		959,543		786,991
United Airlines 2016-1 Class B Pass Through Trust		3.650		01-07-26		1,579,618		1,202,549
United Airlines 2018-1 Class B Pass Through Trust		4.600		03-01-26		268,453		206,061
United Airlines 2019-1 Class A Pass Through Trust		4.550		08-25-31		788,415		666,932

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     28

	Rate (%)		Maturity date		Par value^		Value
Industrials (continued)
Airlines (continued)
United Airlines 2020-1 Class A Pass Through Trust		5.875		10-15-27		2,645,000	$	2,641,694
US Airways 2010-1 Class A Pass Through Trust		6.250		04-22-23		146,941		132,247
US Airways 2012-1 Class A Pass Through Trust		5.900		10-01-24		326,657		303,791
Building products 0.2%
Builders FirstSource, Inc. (D)		5.000		03-01-30		120,000		126,600
Builders FirstSource, Inc. (D)		6.750		06-01-27		179,000		191,978
Carrier Global Corp. (D)		2.242		02-15-25		1,886,000		1,969,637
Carrier Global Corp. (D)		2.493		02-15-27		573,000		601,440
Johnson Controls International PLC		1.750		09-15-30		1,035,000		1,028,986
Owens Corning		3.950		08-15-29		1,435,000		1,605,688
Commercial services and supplies 0.2%
APX Group, Inc. (F)		7.625		09-01-23		1,346,000		1,356,600
Cimpress PLC (D)		7.000		06-15-26		1,425,000		1,417,875
Clean Harbors, Inc. (D)		4.875		07-15-27		120,000		125,400
Graphic Packaging International LLC (D)		3.500		03-01-29		994,000		994,000
Harsco Corp. (D)		5.750		07-31-27		200,000		204,500
LSC Communications, Inc. (D)(G)		8.750		10-15-23		1,058,000		158,700
Prime Security Services Borrower LLC (D)		3.375		08-31-27		192,000		185,280
Prime Security Services Borrower LLC (D)		6.250		01-15-28		567,000		572,942
Williams Scotsman International, Inc. (D)		4.625		08-15-28		219,000		222,592
Construction and engineering 0.1%
AECOM		5.125		03-15-27		1,340,000		1,465,558
MasTec, Inc. (D)		4.500		08-15-28		577,000		592,868
Picasso Finance Sub, Inc. (D)		6.125		06-15-25		106,000		111,788
Tutor Perini Corp. (D)		6.875		05-01-25		200,000		190,000
Industrial conglomerates 0.1%
General Electric Company		4.250		05-01-40		1,689,000		1,770,190
General Electric Company		5.550		01-05-26		2,343,000		2,753,656
Machinery 0.1%
Clark Equipment Company (D)		5.875		06-01-25		125,000		130,000
Flowserve Corp.		3.500		10-01-30		844,000		839,993
Hillenbrand, Inc.		5.750		06-15-25		282,000		299,625
JB Poindexter & Company, Inc. (D)		7.125		04-15-26		419,000		445,317
Otis Worldwide Corp.		2.056		04-05-25		1,683,000		1,768,497
Vertical US Newco, Inc. (D)		5.250		07-15-27		366,000		376,687
Professional services 0.2%
CoStar Group, Inc. (D)		2.800		07-15-30		2,009,000		2,060,909
IHS Markit, Ltd. (D)		4.000		03-01-26		1,099,000		1,223,649
IHS Markit, Ltd. (D)		4.750		02-15-25		455,000		513,013

29     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Rate (%)		Maturity date		Par value^		Value
Industrials (continued)
Professional services (continued)
IHS Markit, Ltd.		4.750		08-01-28		688,000		$807,478
Road and rail 0.1%
Uber Technologies, Inc. (D)		7.500		05-15-25		1,178,000		1,238,373
Uber Technologies, Inc. (D)		7.500		09-15-27		1,798,000		1,879,360
Trading companies and distributors 0.3%
AerCap Ireland Capital DAC		2.875		08-14-24		1,928,000		1,888,397
Ahern Rentals, Inc. (D)		7.375		05-15-23		839,000		539,058
Air Lease Corp.		3.625		12-01-27		570,000		569,391
Aircastle, Ltd.		5.500		02-15-22		665,000		683,167
Ashtead Capital, Inc. (D)		4.250		11-01-29		747,000		797,236
Ashtead Capital, Inc. (D)		4.375		08-15-27		840,000		879,900
Avolon Holdings Funding, Ltd. (D)		5.125		10-01-23		965,000		979,851
H&E Equipment Services, Inc.		5.625		09-01-25		307,000		318,513
United Rentals North America, Inc.		3.875		11-15-27		785,000		813,456
United Rentals North America, Inc.		3.875		02-15-31		496,000		500,960
United Rentals North America, Inc.		4.875		01-15-28		1,570,000		1,648,500
Information technology 2.6%								77,784,803
Communications equipment 0.2%
Motorola Solutions, Inc.		2.300		11-15-30		1,824,000		1,811,619
Motorola Solutions, Inc.		4.600		02-23-28		2,540,000		2,961,220
Motorola Solutions, Inc.		4.600		05-23-29		343,000		402,800
Telefonaktiebolaget LM Ericsson		4.125		05-15-22		1,730,000		1,786,225
IT services 0.2%
Gartner, Inc. (D)		3.750		10-01-30		257,000		262,808
Gartner, Inc. (D)		4.500		07-01-28		238,000		248,462
PayPal Holdings, Inc.		2.850		10-01-29		2,233,000		2,428,147
Sabre GLBL, Inc. (D)		7.375		09-01-25		285,000		290,700
Tempo Acquisition LLC (D)		6.750		06-01-25		261,000		264,850
VeriSign, Inc.		4.750		07-15-27		525,000		556,500
VeriSign, Inc.		5.250		04-01-25		565,000		633,040
Visa, Inc.		2.700		04-15-40		735,000		783,078
Semiconductors and semiconductor equipment 1.4%
Applied Materials, Inc.		2.750		06-01-50		787,000		799,107
Broadcom Corp.		3.125		01-15-25		1,180,000		1,261,029
Broadcom, Inc.		4.700		04-15-25		1,925,000		2,187,442
Broadcom, Inc.		4.750		04-15-29		5,899,000		6,838,268
Broadcom, Inc.		5.000		04-15-30		2,424,000		2,859,162
KLA Corp.		4.100		03-15-29		1,095,000		1,298,696
Lam Research Corp.		3.750		03-15-26		1,415,000		1,624,307
Lam Research Corp.		4.875		03-15-49		1,038,000		1,435,950
Marvell Technology Group, Ltd.		4.875		06-22-28		1,965,000		2,298,020

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     30

	Rate (%)		Maturity date		Par value^		Value
Information technology (continued)
Semiconductors and semiconductor equipment (continued)
Microchip Technology, Inc. (D)		4.250		09-01-25		301,000		$311,876
Microchip Technology, Inc.		4.333		06-01-23		3,125,000		3,367,630
Micron Technology, Inc.		2.497		04-24-23		2,152,000		2,238,927
Micron Technology, Inc.		4.185		02-15-27		3,554,000		4,009,760
Micron Technology, Inc.		4.975		02-06-26		612,000		711,920
Micron Technology, Inc.		5.327		02-06-29		3,292,000		3,956,941
NVIDIA Corp.		2.850		04-01-30		1,480,000		1,638,458
NXP BV (D)		3.400		05-01-30		397,000		436,656
NXP BV (D)		3.875		06-18-26		1,025,000		1,150,937
NXP BV (D)		4.625		06-01-23		2,400,000		2,631,244
NXP BV (D)		4.875		03-01-24		1,230,000		1,377,882
Qorvo, Inc. (D)		3.375		04-01-31		680,000		688,500
Software 0.4%
Autodesk, Inc.		2.850		01-15-30		523,000		572,695
Infor, Inc. (D)		1.750		07-15-25		413,000		424,647
j2 Global, Inc. (D)		4.625		10-15-30		828,000		836,570
Logan Merger Sub, Inc. (D)		5.500		09-01-27		600,000		608,250
Microsoft Corp.		2.525		06-01-50		1,185,000		1,201,215
Oracle Corp.		2.950		04-01-30		3,386,000		3,723,100
PTC, Inc. (D)		4.000		02-15-28		196,000		202,615
ServiceNow, Inc.		1.400		09-01-30		1,919,000		1,852,598
VMware, Inc.		4.500		05-15-25		1,518,000		1,718,276
Technology hardware, storage and peripherals 0.4%
CDW LLC		3.250		02-15-29		460,000		459,425
Dell International LLC (D)		4.900		10-01-26		2,220,000		2,527,824
Dell International LLC (D)		5.300		10-01-29		2,045,000		2,366,817
Dell International LLC (D)		5.850		07-15-25		463,000		543,661
Dell International LLC (D)		8.350		07-15-46		1,386,000		1,886,150
Seagate HDD Cayman (D)		4.091		06-01-29		1,509,000		1,624,206
Seagate HDD Cayman (D)		4.125		01-15-31		1,565,000		1,684,593
Materials 1.0%								29,930,511
Chemicals 0.4%
Braskem Netherlands Finance BV (8.500% to 10-24-25, then 5 Year CMT + 8.220%) (D)		8.500		01-23-81		1,381,000		1,402,765
Cydsa SAB de CV (D)		6.250		10-04-27		1,415,000		1,405,803
E.I. du Pont de Nemours and Company		1.700		07-15-25		161,000		166,931
E.I. du Pont de Nemours and Company		2.300		07-15-30		610,000		637,247
Methanex Corp.		4.250		12-01-24		1,190,000		1,192,380
Methanex Corp.		5.250		12-15-29		1,247,000		1,263,493
Nutrition & Biosciences, Inc. (D)		1.832		10-15-27		536,000		536,779
Nutrition & Biosciences, Inc. (D)		2.300		11-01-30		1,068,000		1,074,041

31     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Rate (%)		Maturity date		Par value^		Value
Materials (continued)
Chemicals (continued)
Orbia Advance Corp. SAB de CV (D)		5.500		01-15-48		1,115,000		$1,261,065
Syngenta Finance NV (D)		4.441		04-24-23		1,490,000		1,575,118
Syngenta Finance NV (D)		5.676		04-24-48		365,000		399,731
WR Grace & Company (D)		4.875		06-15-27		404,000		420,871
Construction materials 0.1%
Cemex SAB de CV (D)		5.200		09-17-30		1,176,000		1,242,315
Cemex SAB de CV (D)		7.375		06-05-27		900,000		991,359
Standard Industries, Inc. (D)		3.375		01-15-31		438,000		426,320
Standard Industries, Inc. (D)		5.000		02-15-27		196,000		202,125
US Concrete, Inc. (D)		5.125		03-01-29		452,000		459,910
Vulcan Materials Company		3.500		06-01-30		1,228,000		1,376,297
Containers and packaging 0.1%
Ardagh Packaging Finance PLC (D)		6.000		02-15-25		850,000		878,688
Graham Packaging Company, Inc. (D)		7.125		08-15-28		74,000		77,330
Mauser Packaging Solutions Holding Company (D)		8.500		04-15-24		139,000		145,255
Owens-Brockway Glass Container, Inc. (D)		6.625		05-13-27		452,000		484,770
Reynolds Group Issuer, Inc. (D)		4.000		10-15-27		1,279,000		1,298,185
Metals and mining 0.2%
Anglo American Capital PLC (D)		4.750		04-10-27		795,000		913,267
Arconic Corp. (D)		6.000		05-15-25		304,000		321,860
Arconic Corp. (D)		6.125		02-15-28		137,000		144,348
Commercial Metals Company		5.375		07-15-27		231,000		240,818
CSN Islands XI Corp. (D)		6.750		01-28-28		1,330,000		1,309,039
First Quantum Minerals, Ltd. (D)		6.875		03-01-26		450,000		446,625
First Quantum Minerals, Ltd. (D)		6.875		10-15-27		819,000		814,905
First Quantum Minerals, Ltd. (D)		7.250		04-01-23		290,000		291,450
First Quantum Minerals, Ltd. (D)		7.500		04-01-25		583,000		585,551
JW Aluminum Continuous Cast Company (D)		10.250		06-01-26		231,000		242,550
Newmont Corp.		2.800		10-01-29		620,000		666,424
Steel Dynamics, Inc.		3.250		01-15-31		208,000		224,461
Paper and forest products 0.2%
Boise Cascade Company (D)		4.875		07-01-30		153,000		163,546
Georgia-Pacific LLC (D)		2.300		04-30-30		3,595,000		3,758,639
Inversiones CMPC SA (D)		3.850		01-13-30		407,000		444,200
Norbord, Inc. (D)		6.250		04-15-23		415,000		444,050
Real estate 1.0%								30,217,753
Equity real estate investment trusts 1.0%
American Homes 4 Rent LP		4.250		02-15-28		1,653,000		1,870,542
American Tower Corp.		2.400		03-15-25		1,005,000		1,063,238
American Tower Corp.		2.950		01-15-25		1,217,000		1,311,251

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     32

	Rate (%)		Maturity date		Par value^		Value
Real estate (continued)
Equity real estate investment trusts (continued)
American Tower Corp.		3.550		07-15-27		2,603,000		$2,897,151
American Tower Corp.		3.800		08-15-29		885,000		1,005,941
Crown Castle International Corp.		2.250		01-15-31		2,072,000		2,083,445
Crown Castle International Corp.		3.300		07-01-30		287,000		312,359
Crown Castle International Corp.		3.650		09-01-27		2,307,000		2,563,731
Crown Castle International Corp.		4.150		07-01-50		255,000		290,484
CyrusOne LP		2.150		11-01-30		686,000		660,138
CyrusOne LP		3.450		11-15-29		1,401,000		1,490,334
Equinix, Inc.		1.550		03-15-28		1,575,000		1,569,180
Equinix, Inc.		1.800		07-15-27		456,000		462,669
Equinix, Inc.		3.200		11-18-29		2,163,000		2,348,433
Equinix, Inc.		5.375		05-15-27		1,028,000		1,120,757
GLP Capital LP		5.375		04-15-26		1,122,000		1,246,138
Host Hotels & Resorts LP		3.500		09-15-30		823,000		788,227
SBA Communications Corp. (D)		3.875		02-15-27		1,470,000		1,493,888
SBA Tower Trust (D)		2.836		01-15-25		1,172,000		1,241,526
SBA Tower Trust (D)		3.722		04-11-23		1,412,000		1,454,739
Ventas Realty LP		3.500		02-01-25		1,355,000		1,474,817
VICI Properties LP (D)		4.125		08-15-30		642,000		650,025
VICI Properties LP (D)		4.625		12-01-29		788,000		818,740
Utilities 0.7%								20,879,492
Electric utilities 0.3%
ABY Transmision Sur SA (D)		6.875		04-30-43		508,778		677,946
DPL, Inc. (D)		4.125		07-01-25		628,000		656,260
Emera US Finance LP		3.550		06-15-26		797,000		883,949
FirstEnergy Corp.		2.650		03-01-30		675,000		658,911
Instituto Costarricense de Electricidad (D)		6.375		05-15-43		515,000		350,200
Israel Electric Corp., Ltd. (D)		6.875		06-21-23		300,000		342,608
NRG Energy, Inc. (D)		3.750		06-15-24		1,115,000		1,201,780
Vistra Operations Company LLC (D)		3.700		01-30-27		2,124,000		2,237,816
Vistra Operations Company LLC (D)		4.300		07-15-29		2,115,000		2,287,496
Gas utilities 0.1%
AmeriGas Partners LP		5.500		05-20-25		1,060,000		1,134,200
Infraestructura Energetica Nova SAB de CV (D)		4.750		01-15-51		2,056,000		1,931,612
Independent power and renewable electricity producers 0.2%
AES Panama Generation Holdings SRL (D)		4.375		05-31-30		936,000		991,870
Greenko Dutch BV (D)		4.875		07-24-22		740,000		742,220
Greenko Dutch BV (D)		5.250		07-24-24		375,000		384,743
LLPL Capital Pte, Ltd. (D)		6.875		02-04-39		140,850		161,323
NextEra Energy Capital Holdings, Inc.		3.550		05-01-27		2,761,000		3,098,153
NextEra Energy Operating Partners LP (D)		3.875		10-15-26		826,000		855,195

33     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Rate (%)		Maturity date		Par value^		Value
Utilities (continued)
Independent power and renewable electricity producers (continued)
NextEra Energy Operating Partners LP (D)		4.500		09-15-27		255,000		$278,588
Multi-utilities 0.1%
Dominion Energy, Inc.		3.375		04-01-30		966,000		1,086,930
NiSource, Inc.		3.600		05-01-30		808,000		917,692
Municipal bonds 0.1%								$3,098,148
(Cost $3,173,805)
New Jersey Transportation Trust Fund Authority		4.081		06-15-39		1,198,000		1,131,008
New Jersey Transportation Trust Fund Authority		4.131		06-15-42		95,000		88,600
State Board of Administration Finance Corp. (Florida)		1.705		07-01-27		1,871,000		1,878,540
Collateralized mortgage obligations 2.1%								$61,715,274
(Cost $64,401,508)
Commercial and residential 1.4%								42,416,074
AOA Mortgage Trust Series 2015-1177, Class C (D)(H)		3.010		12-13-29		290,000		288,465
Arroyo Mortgage Trust Series 2018-1, Class A1 (D)(H)		3.763		04-25-48		981,853		992,450
Series 2019-2, Class A1 (D)(H)		3.347		04-25-49		832,464		855,473
Series 2019-3, Class A1 (D)(H)		2.962		10-25-48		461,486		473,222
BAMLL Commercial Mortgage Securities Trust Series 2019-BPR, Class ENM (D)(H)		3.719		11-05-32		575,000		426,009
Barclays Commercial Mortgage Trust Series 2019-C5, Class A2		3.043		11-15-52		665,000		705,200
BBCMS Mortgage Trust Series 2020-C6, Class A2		2.690		02-15-53		537,000		563,043
BBCMS Trust Series 2015-MSQ, Class D (D)(H)		3.990		09-15-32		385,000		390,741
Series 2015-SRCH, Class D (D)(H)		4.957		08-10-35		840,000		911,354
Benchmark Mortgage Trust Series 2019-B12, Class A2		3.001		08-15-52		905,000		957,085
Series 2019-B13, Class A2		2.889		08-15-57		780,000		822,696
Series 2019-B14, Class A2		2.915		12-15-62		1,054,000		1,116,813
BRAVO Residential Funding Trust Series 2019-NQM1, Class A1 (D)(H)		2.666		07-25-59		320,176		326,892
Bunker Hill Loan Depositary Trust Series 2019-1, Class A1 (D)		3.613		10-26-48		105,393		109,288
BWAY Mortgage Trust Series 2015-1740, Class XA IO (D)		0.896		01-10-35		7,015,000		75,767
BX Commercial Mortgage Trust Series 2018-BIOA, Class D (1 month LIBOR + 1.321%) (B)(D)		1.469		03-15-37		1,075,000		1,058,182
Series 2020-VKNG, Class A (1 month LIBOR + 0.930%) (B)(D)		1.078		10-15-37		1,629,000		1,629,317

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     34

	Rate (%)		Maturity date		Par value^		Value
Commercial and residential (continued)
CAMB Commercial Mortgage Trust Series 2019-LIFE, Class D (1 month LIBOR + 1.750%) (B)(D)		1.898		12-15-37		230,000		$229,798
Series 2019-LIFE, Class F (1 month LIBOR + 2.550%) (B)(D)		2.698		12-15-37		705,000		671,476
CGDBB Commercial Mortgage Trust Series 2017-BIOC, Class E (1 month LIBOR + 2.150%) (B)(D)		2.298		07-15-32		776,512		769,193
Citigroup Commercial Mortgage Trust Series 2019-PRM, Class A (D)		3.341		05-10-36		798,000		846,345
Series 2019-SMRT, Class A (D)		4.149		01-10-36		260,000		279,543
COLT Mortgage Loan Trust Series 2019-2, Class A1 (D)(H)		3.337		05-25-49		250,521		252,476
Series 2020-1, Class A1 (D)(H)		2.488		02-25-50		539,876		544,465
COLT Trust Series 2020-RPL1, Class A1 (D)(H)		1.390		01-25-65		2,707,948		2,706,656
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) Series 2012-CR2, Class XA IO		1.625		08-15-45		3,706,239		76,482
Series 2012-CR3, Class XA IO		1.848		10-15-45		5,354,027		141,091
Series 2014-CR15, Class XA IO		0.932		02-10-47		5,605,038		132,935
Series 2014-CR20, Class A3		3.326		11-10-47		1,140,000		1,211,129
Commercial Mortgage Trust (Citigroup/Deutsche Bank AG) Series 2018-COR3, Class XA IO		0.443		05-10-51		9,654,221		286,286
Commercial Mortgage Trust (Deutsche Bank AG) Series 2013-300P, Class D (D)(H)		4.394		08-10-30		880,000		908,043
Series 2017-PANW, Class A (D)		3.244		10-10-29		305,000		318,585
Series 2020-CBM, Class A2 (D)		2.896		02-10-37		987,000		983,508
Credit Suisse Mortgage Capital Certificates Series 2019-AFC1, Class A1 (D)		2.573		07-25-49		787,556		801,997
Series 2019-ICE4, Class D (1 month LIBOR + 1.600%) (B)(D)		1.748		05-15-36		1,390,000		1,379,660
Series 2020-AFC1, Class A1 (D)(H)		2.240		02-25-50		685,622		693,934
Series 2020-NET, Class A (D)		2.257		08-15-37		320,000		328,418
GCAT Trust Series 2019-NQM1, Class A1 (D)		2.985		02-25-59		975,363		990,429
Series 2020-NQM1, Class A1 (D)		2.247		01-25-60		1,167,608		1,189,834
GS Mortgage Securities Trust Series 2015-590M, Class C (D)(H)		3.805		10-10-35		320,000		331,902
Series 2016-RENT, Class D (D)(H)		4.067		02-10-29		630,000		626,495
Series 2017-485L, Class C (D)(H)		3.982		02-10-37		250,000		258,702
Series 2019-GC40, Class A2		2.971		07-10-52		845,000		895,579
Series 2020-UPTN, Class A (D)		2.751		02-10-37		650,000		659,545
GS Mortgage-Backed Securities Trust Series 2020-NQM1, Class A1 (D)(H)		1.382		09-27-60		757,377		758,797
IMT Trust Series 2017-APTS, Class AFX (D)		3.478		06-15-34		330,000		350,207
Series 2017-APTS, Class CFX (D)(H)		3.497		06-15-34		400,000		395,969

35     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Rate (%)		Maturity date		Par value^		Value
Commercial and residential (continued)
Irvine Core Office Trust
Series 2013-IRV, Class A2 (D)(H)		3.173		05-15-48		1,370,000		$1,429,056
JPMBB Commercial Mortgage Securities Trust
Series 2016-C1, Class A4		3.311		03-15-49		300,000		329,629
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2012-HSBC, Class XA IO (D)		1.431		07-05-32		5,883,115		118,275
Series 2020-NNN, Class AFX (D)		2.812		01-16-37		848,000		877,821
KNDL Mortgage Trust
Series 2019-KNSQ, Class D (1 month
LIBOR + 1.350%) (B)(D)		1.498		05-15-36		350,000		344,069
MFA Trust
Series 2020-NQM1, Class A1 (D)(H)		1.479		08-25-49		549,118		551,798
Morgan Stanley Capital I Trust
Series 2017-CLS, Class D (1 month
LIBOR + 1.400%) (B)(D)		1.548		11-15-34		850,000		844,824
MSCG Trust
Series 2016-SNR, Class D (D)		6.550		11-15-34		349,515		345,194
Natixis Commercial Mortgage Securities Trust
Series 2018-285M, Class D (D)(H)		3.790		11-15-32		464,000		463,965
Series 2018-ALXA, Class C (D)(H)		4.316		01-15-43		380,000		395,834
OBX Trust
Series 2020-EXP2, Class A3 (D)(H)		2.500		05-25-60		1,102,172		1,119,901
One Market Plaza Trust
Series 2017-1MKT, Class D (D)		4.146		02-10-32		240,000		244,817
Seasoned Credit Risk Transfer Trust
Series 2020-2, Class MA		2.000		11-25-59		830,177		852,039
Starwood Mortgage Residential Trust
Series 2018-IMC1, Class A1 (D)(H)		3.793		03-25-48		148,924		149,752
Series 2020-1, Class A1 (D)(H)		2.275		02-25-50		802,183		816,228
Series 2020-3, Class A1 (D)(H)		1.486		04-25-65		532,807		534,069
Verus Securitization Trust
Series 2020-5, Class A1 (D)		1.218		05-25-65		915,000		914,901
Wells Fargo Commercial Mortgage Trust
Series 2017-SMP, Class D (1 month
LIBOR + 1.650%) (B)(D)		1.798		12-15-34		295,000		243,309
WF-RBS Commercial Mortgage Trust
Series 2012-C9, Class XA IO (D)		1.881		11-15-45		4,242,633		119,117
U.S. Government Agency 0.7%								19,299,200
Federal Home Loan Mortgage Corp.
Series K017, Class X1 IO		1.286		12-25-21		4,599,374		41,070
Series K021, Class X1 IO		1.408		06-25-22		280,257		4,794
Series K022, Class X1 IO		1.184		07-25-22		9,997,599		154,501
Series K040, Class A2		3.241		09-25-24		1,265,000		1,386,673
Series KIR3, Class A1		3.038		08-25-27		1,420,000		1,549,070
Government National Mortgage Association
Series 2012-114, Class IO		0.711		01-16-53		1,674,517		53,443
Series 2016-174, Class IO		0.845		11-16-56		3,752,183		232,211

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     36

	Rate (%)		Maturity date		Par value^		Value
U.S. Government Agency (continued)
Series 2017-109, Class IO		0.559		04-16-57		5,223,705		$230,574
Series 2017-124, Class IO		0.675		01-16-59		5,360,758		282,896
Series 2017-135, Class IO		0.783		10-16-58		3,593,239		196,622
Series 2017-140, Class IO		0.561		02-16-59		3,227,549		159,957
Series 2017-159, Class IO		0.534		06-16-59		5,707,765		253,080
Series 2017-169, Class IO		0.699		01-16-60		8,502,010		467,329
Series 2017-20, Class IO		0.703		12-16-58		6,007,358		293,699
Series 2017-22, Class IO		0.758		12-16-57		1,757,082		101,141
Series 2017-41, Class IO		0.736		07-16-58		4,253,263		216,325
Series 2017-46, Class IO		0.623		11-16-57		5,427,957		270,313
Series 2017-61, Class IO		0.766		05-16-59		2,842,999		163,793
Series 2018-158, Class IO		0.692		05-16-61		4,752,896		316,758
Series 2018-35, Class IO		0.528		03-16-60		6,903,868		329,660
Series 2018-43, Class IO		0.573		05-16-60		10,063,630		497,249
Series 2018-68, Class IO		0.473		01-16-60		11,489,810		483,297
Series 2018-69, Class IO		0.570		04-16-60		8,722,515		469,122
Series 2018-81, Class IO		0.453		01-16-60		9,484,021		450,002
Series 2018-9, Class IO		0.544		01-16-60		11,010,802		563,565
Series 2019-131, Class IO		0.928		07-16-61		5,038,896		366,194
Series 2020-100, Class IO		0.896		05-16-62		5,292,440		441,731
Series 2020-108, Class IO		0.948		06-16-62		31,160,355		2,655,445
Series 2020-114, Class IO		0.930		09-16-62		14,532,822		1,238,148
Series 2020-118, Class IO		1.080		06-16-62		14,351,534		1,274,466
Series 2020-119, Class IO		0.820		08-16-62		6,287,782		502,165
Series 2020-120, Class IO		0.883		05-16-62		3,250,847		271,520
Series 2020-137, Class IO		0.911		09-16-62		16,432,875		1,415,470
Series 2020-150, Class IO		0.983		12-16-62		10,275,000		907,564
Series 2020-92, Class IO		1.017		02-16-62		11,863,824		1,059,353
Asset backed securities 2.8%								$84,611,188
(Cost $83,177,124)
Asset backed securities 2.8%								84,611,188
AMSR Trust
Series 2020-SFR4, Class A (D)		1.355		11-17-37		2,181,000		2,176,892
Applebee’s Funding LLC
Series 2019-1A, Class A2I (D)		4.194		06-07-49		1,457,000		1,418,754
Arbys Funding LLC
Series 2020-1A, Class A2 (D)		3.237		07-30-50		1,525,178		1,557,466
Avis Budget Rental Car Funding AESOP LLC
Series 2019-3A, Class A (D)		2.360		03-20-26		1,356,000		1,392,118
Series 2020-1A, Class A (D)		2.330		08-20-26		867,000		886,979
Bojangles Issuer LLC
Series 2020-1A, Class A2 (D)		3.832		10-20-50		781,000		786,707
BRE Grand Islander Timeshare Issuer LLC
Series 2019-A, Class A (D)		3.280		09-26-33		412,685		423,678

37     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Rate (%)		Maturity date		Par value^		Value
Asset backed securities (continued)
CARS-DB4 LP
Series 2020-1A, Class B1 (D)		4.170		02-15-50		857,000		$876,315
CF Hippolyta LLC
Series 2020-1, Class A1 (D)		1.690		07-15-60		1,682,101		1,699,566
CLI Funding VI LLC
Series 2020-1A, Class A (D)		2.080		09-18-45		1,319,500		1,314,709
CoreVest American Finance Trust
Series 2019-3, Class A (D)		2.705		10-15-52		505,917		533,440
CWABS Asset-Backed Certificates Trust
Series 2004-10, Class AF5B		4.421		02-25-35		81,630		81,627
DB Master Finance LLC
Series 2017-1A, Class A2I (D)		3.629		11-20-47		387,075		397,929
Series 2017-1A, Class A2II (D)		4.030		11-20-47		433,875		458,506
Series 2019-1A, Class A2I (D)		3.787		05-20-49		2,163,150		2,217,315
Domino’s Pizza Master Issuer LLC
Series 2017-1A, Class A23 (D)		4.118		07-25-47		1,319,200		1,413,589
Driven Brands Funding LLC
Series 2015-1A, Class A2 (D)		5.216		07-20-45		1,268,250		1,313,958
Series 2020-2A, Class A2 (D)		3.237		01-20-51		1,042,000		1,042,000
FirstKey Homes Trust
Series 2020-SFR1, Class A (D)		1.339		09-17-25		1,272,000		1,271,391
Series 2020-SFR2, Class A (D)		1.266		10-19-37		2,542,000		2,523,740
Five Guys Funding LLC
Series 2017-1A, Class A2 (D)		4.600		07-25-47		655,050		657,621
FOCUS Brands Funding LLC
Series 2017-1A, Class A2I (D)		3.857		04-30-47		366,700		351,273
Ford Credit Auto Owner Trust
Series 2020-1, Class A (D)		2.040		08-15-31		1,734,000		1,813,163
Ford Credit Floorplan Master Owner Trust
Series 2019-2, Class A		3.060		04-15-26		2,111,000		2,273,837
Series 2020-2, Class A		1.060		09-15-27		1,792,000		1,794,765
GMF Floorplan Owner Revolving Trust
Series 2019-2, Class A (D)		2.900		04-15-26		1,835,000		1,967,066
Series 2020-1, Class A (D)		0.680		08-15-25		935,000		935,784
Golden Credit Card Trust
Series 2018-4A, Class A (D)		3.440		08-15-25		1,675,000		1,811,007
Hilton Grand Vacations Trust
Series 2017-AA, Class A (D)		2.660		12-26-28		858,107		877,245
Series 2018-AA, Class A (D)		3.540		02-25-32		311,352		325,653
Hyundai Auto Receivables Trust
Series 2020-B, Class A3		0.480		12-16-24		691,000		691,503
Series 2020-B, Class A4		0.620		12-15-25		582,000		584,581
Jack in the Box Funding LLC
Series 2019-1A, Class A23 (D)		4.970		08-25-49		591,530		619,835
Series 2019-1A, Class A2I (D)		3.982		08-25-49		441,663		451,993
Laurel Road Prime Student Loan Trust
Series 2019-A, Class A2FX (D)		2.730		10-25-48		239,670		245,089
MelTel Land Funding LLC
Series 2019-1A, Class A (D)		3.768		04-15-49		501,601		521,281

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     38

	Rate (%)		Maturity date		Par value^		Value
Asset backed securities (continued)
Mill City Mortgage Loan Trust
Series 2018-3, Class A1 (D)(H)		3.479		08-25-58		346,228		$368,282
MVW Owner Trust
Series 2015-1A, Class A (D)		2.520		12-20-32		60,862		61,104
Series 2018-1A, Class A (D)		3.450		01-21-36		648,197		671,391
Navient Private Education Loan Trust
Series 2016-AA, Class A2A (D)		3.910		12-15-45		293,534		307,466
Navient Private Education Refi Loan Trust
Series 2019-FA, Class A2 (D)		2.600		08-15-68		1,644,000		1,697,313
Navient Student Loan Trust
Series 2020-2A, Class A1A (D)		1.320		08-26-69		1,192,000		1,190,278
NRZ Excess Spread-Collateralized Notes
Series 2018-FNT1, Class A (D)		3.610		05-25-23		440,410		440,352
Series 2018-FNT2, Class A (D)		3.790		07-25-54		256,712		251,557
Series 2018-PLS1, Class A (D)		3.193		01-25-23		138,553		138,922
Series 2018-PLS2, Class A (D)		3.265		02-25-23		778,889		778,809
Oxford Finance Funding LLC
Series 2019-1A, Class A2 (D)		4.459		02-15-27		937,000		971,115
PFS Financing Corp.
Series 2020-E, Class A (D)		1.220		10-15-25		1,026,000		1,029,831
Progress Residential Trust
Series 2020-SFR1, Class A (D)		1.732		04-17-37		887,000		896,076
Renaissance Home Equity Loan Trust
Series 2005-2, Class AF4		4.934		08-25-35		307,779		318,215
Santander Revolving Auto Loan Trust
Series 2019-A, Class A (D)		2.510		01-26-32		1,880,000		1,992,917
SCF Equipment Leasing LLC
Series 2019-1A, Class A2 (D)		3.230		10-20-24		372,000		373,332
Sesac Finance LLC
Series 2019-1, Class A2 (D)		5.216		07-25-49		1,726,150		1,826,974
Sierra Timeshare Receivables Funding LLC
Series 2019-1A, Class A (D)		3.200		01-20-36		271,597		278,542
SMB Private Education Loan Trust
Series 2015-C, Class A2A (D)		2.750		07-15-27		192,170		194,926
Series 2019-B, Class A2A (D)		2.840		06-15-37		1,636,000		1,715,972
Series 2020-PTA, Class A2A (D)		1.600		09-15-54		788,000		789,115
Sonic Capital LLC
Series 2020-1A, Class A2I (D)		3.845		01-20-50		1,093,660		1,149,120
Sunbird Engine Finance LLC
Series 2020-1A, Class A (D)		3.671		02-15-45		545,766		475,340
Taco Bell Funding LLC
Series 2018-1A, Class A2I (D)		4.318		11-25-48		1,179,983		1,198,862
Towd Point Mortgage Trust
Series 2015-1, Class A5 (D)(H)		3.583		10-25-53		280,000		293,268
Series 2015-2, Class 1M2 (D)(H)		3.577		11-25-60		815,000		857,639
Series 2017-1, Class A1 (D)(H)		2.750		10-25-56		523,755		536,786
Series 2017-2, Class A1 (D)(H)		2.750		04-25-57		144,299		148,138
Series 2018-1, Class A1 (D)(H)		3.000		01-25-58		312,364		325,923
Series 2018-3, Class A1 (D)(H)		3.750		05-25-58		618,220		658,732

39     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Rate (%)		Maturity date			Par value^		Value
Asset backed securities (continued)
Series 2018-4, Class A1 (D)(H)		3.000		06-25-58			1,248,133		$1,331,480
Series 2018-5, Class A1A (D)(H)		3.250		07-25-58			199,407		208,626
Series 2018-6, Class A1A (D)(H)		3.750		03-25-58			1,154,386		1,218,061
Series 2019-1, Class A1 (D)(H)		3.750		03-25-58			496,123		531,298
Series 2019-4, Class A1 (D)(H)		2.900		10-25-59			986,285		1,045,362
Series 2020-4, Class A1 (D)		1.750		10-25-60			1,350,000		1,374,236
Toyota Auto Loan Extended Note Trust
Series 2019-1A, Class A (D)		2.560		11-25-31			3,603,000		3,844,715
Series 2020-1A, Class A (D)		1.350		05-25-33			947,000		969,928
Toyota Auto Receivables Owner Trust
Series 2020-C, Class A3		0.440		10-15-24			785,000		786,643
Series 2020-C, Class A4		0.570		10-15-25			589,000		589,248
Triton Container Finance VIII LLC
Series 2020-1A, Class A (D)		2.110		09-20-45			2,555,768		2,554,319
Vantage Data Centers LLC
Series 2020-1A, Class A2 (D)		1.645		09-15-45			1,567,000		1,556,903
Series 2020-2A, Class A2 (D)		1.992		09-15-45			1,035,000		1,033,759
Verizon Owner Trust
Series 2020-B, Class A		0.470		02-20-25			2,209,000		2,210,998
VR Funding LLC
Series 2020-1A, Class A (D)		2.790		11-15-50			2,198,000		2,065,305
VSE VOI Mortgage LLC
Series 2017-A, Class A (D)		2.330		03-20-35			334,328		339,138
Westgate Resorts LLC
Series 2017-1A, Class A (D)		3.050		12-20-30			151,757		152,235
Westlake Automobile Receivables Trust
Series 2019-1A, Class C (D)		3.450		03-15-24			784,000		801,897
Willis Engine Structured Trust V
Series 2020-A, Class A (D)		3.228		03-15-45			424,435		352,365
						Shares		Value
Warrants 0.0%									$32,878
(Cost $ 0)
Stearns LLC (Expiration Date: 11-5-39) (A)(I)(J)							20,533		32,878
	Yield* (%)		Maturity date			Par value^		Value
Short-term investments 1.2%									$36,614,291
(Cost $ 36,614,376)
U.S. Government Agency 0.1%									4,705,000
Federal Agricultural Mortgage Corp.
Discount Note		0.010		11-02-20			4,705,000		4,705,000
			Yield (%)			Shares		Value
Short-term funds 1.1%									31,909,291
Federated Government Obligations Fund, Institutional Class				0.0100	(K)		30,908,746		30,908,746
John Hancock Collateral Trust (L)				0.2508	(K)		99,969		1,000,545

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     40

Total investments (Cost $2,319,489,816) 100.2%	$	2,966,050,444
Other assets and liabilities, net (0.2%)		(5,282,411	)
Total net assets 100.0%	$	2,960,768,033

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

^All par values are denominated in U.S. dollars unless otherwise indicated.

Security Abbreviations and Legend

ADR	American Depositary Receipt
CMT	Constant Maturity Treasury
ICE	Intercontinental Exchange
IO	Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
LIBOR	London Interbank Offered Rate
PIK	Pay-in-Kind Security - Represents a payment-in-kind which may pay interest in additional par and/or cash. Rates shown are the current rate and most recent payment rate.
SOFR	Secured Overnight Financing Rate
(A)	Non-income producing security.
(B)	Variable rate obligation. The coupon rate shown represents the rate at period end.
(C)	Security purchased or sold on a when-issued or delayed delivery basis.
(D)	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 $358,313,619 or 12.1% of the fund’s net assets as of 10-31-20.
(E)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(F)	All or a portion of this security is on loan as of 10-31-20.
(G)	Non-income producing - Issuer is in default.
(H)	Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.
(I)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements.
(J)	Strike price and/or expiration date not available.
(K)	The rate shown is the annualized seven-day yield as of 10-31-20.
(L)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
*	Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end.

At 10-31-20, the aggregate cost of investments for federal income tax purposes was $2,331,871,693. Net unrealized appreciation aggregated to $634,178,751, of which $700,120,176 related to gross unrealized appreciation and $65,941,425 related to gross unrealized depreciation.

41     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Financial statements

STATEMENT OF ASSETS AND LIABILITIES 10-31-20
Assets
Unaffiliated investments, at value (Cost $2,318,489,185) including $981,306 of securities loaned	$2,965,049,899
Affiliated investments, at value (Cost $1,000,631)	1,000,545
Total investments, at value (Cost $2,319,489,816)	2,966,050,444
Dividends and interest receivable	10,977,135
Receivable for fund shares sold	14,390,905
Receivable for investments sold	7,765
Receivable for delayed delivery securities sold	17,764,753
Receivable for securities lending income	307
Other assets	166,478
Total assets	3,009,357,787
Liabilities
Due to custodian	375,368
Payable for investments purchased	6,174,524
Payable for delayed delivery securities purchased	35,640,999
Payable for fund shares repurchased	4,458,270
Payable upon return of securities loaned	1,000,636
Payable to affiliates
Accounting and legal services fees	112,612
Transfer agent fees	261,687
Distribution and service fees	280,135
Other liabilities and accrued expenses	285,523
Total liabilities	48,589,754
Net assets	$2,960,768,033
Net assets consist of
Paid-in capital	$2,307,575,837
Total distributable earnings (loss)	653,192,196
Net assets	$2,960,768,033

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     42

STATEMENT OF ASSETS AND LIABILITIES 10-31-20 (continued)
Net asset value per share
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value
Class A ($1,617,542,314 ÷ 71,859,181 shares)1	$	22.51
Class C ($314,171,880 ÷ 13,978,616 shares)1	$	22.48
Class I ($625,933,704 ÷ 27,837,449 shares)	$	22.49
Class R2 ($11,237,602 ÷ 500,092 shares)	$	22.47
Class R4 ($23,360,000 ÷ 1,032,734 shares)	$	22.62
Class R5 ($2,221,753 ÷ 98,393 shares)	$	22.58
Class R6 ($366,300,780 ÷ 16,264,603 shares)	$	22.52
Maximum offering price per share
Class A (net asset value per share ÷ 95.5%)2	$	23.57

¹ Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

² On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.

43     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

STATEMENT OF OPERATIONS For the year ended 10-31-20
Investment income
Interest	$34,053,702
Dividends	24,444,797
Securities lending	38,626
Less foreign taxes withheld	(350,352	)
Total investment income	58,186,773
Expenses
Investment management fees	14,762,658
Distribution and service fees	7,496,952
Accounting and legal services fees	481,801
Transfer agent fees	2,756,259
Trustees’ fees	38,010
Custodian fees	333,154
State registration fees	263,302
Printing and postage	132,099
Professional fees	114,650
Other	115,713
Total expenses	26,494,598
Less expense reductions	(192,813	)
Net expenses	26,301,785
Net investment income	31,884,988
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments and foreign currency transactions	14,285,144
Affiliated investments	3,474
	14,288,618
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments and translation of assets and liabilities in foreign currencies	185,361,778
Affiliated investments	(86	)
	185,361,692
Net realized and unrealized gain	199,650,310
Increase in net assets from operations	$231,535,298

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     44

STATEMENTS OF CHANGES IN NET ASSETS

	Year ended 10-31-20			Year ended 10-31-19
Increase (decrease) in net assets
From operations
Net investment income		$31,884,988			$30,582,077
Net realized gain		14,288,618			17,678,865
Change in net unrealized appreciation (depreciation)		185,361,692			165,235,409
Increase in net assets resulting from operations		231,535,298			213,496,351
Distributions to shareholders
From earnings
Class A		(26,352,076	)		(60,142,315	)
Class B1		(138,417	)		(1,158,730	)
Class C		(4,889,629	)		(25,200,789	)
Class I		(12,284,130	)		(33,159,374	)
Class R11		(60,739	)		(235,667	)
Class R2		(82,074	)		(253,240	)
Class R31		(86,659	)		(324,186	)
Class R4		(322,396	)		(1,184,133	)
Class R5		(53,081	)		(163,936	)
Class R6		(6,691,232	)		(13,119,592	)
Total distributions		(50,960,433	)		(134,941,962	)
From fund share transactions		632,751,217			166,475,730
Total increase		813,326,082			245,030,119
Net assets
Beginning of year		2,147,441,951			1,902,411,832
End of year		$2,960,768,033			$2,147,441,951

¹  Share class was redesignated during the year. Refer to Note 5 for further details.

45     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Financial highlights

CLASS A SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$20.90			$20.18			$20.40			$18.29			$18.56
Net investment income1		0.27			0.32			0.32			0.32			0.32
Net realized and unrealized gain (loss) on investments		1.79			1.84			0.28			2.12			0.25
Total from investment operations		2.06			2.16			0.60			2.44			0.57
Less distributions
From net investment income		(0.30	)		(0.33	)		(0.34	)		(0.33	)		(0.32	)
From net realized gain		(0.15	)		(1.11	)		(0.48	)		—			(0.52	)
Total distributions		(0.45	)		(1.44	)		(0.82	)		(0.33	)		(0.84	)
Net asset value, end of period		$22.51			$20.90			$20.18			$20.40			$18.29
Total return (%)2,3		10.06			11.63			2.89			13.41			3.26
Ratios and supplemental data
Net assets, end of period (in millions)		$1,618			$1,063			$832			$817			$866
Ratios (as a percentage of average net assets):
Expenses before reductions		1.08			1.08			1.07			1.08			1.09
Expenses including reductions		1.07			1.07			1.06			1.08			1.09
Net investment income		1.25			1.60			1.57			1.62			1.77
Portfolio turnover (%)		89			76			58			52			47

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

³  Does not reflect the effect of sales charges, if any.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     46

CLASS C SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$20.86			$20.15			$20.37			$18.26			$18.53
Net investment income1		0.13			0.18			0.18			0.18			0.19
Net realized and unrealized gain (loss) on investments		1.79			1.83			0.27			2.12			0.25
Total from investment operations		1.92			2.01			0.45			2.30			0.44
Less distributions
From net investment income		(0.15	)		(0.19	)		(0.19	)		(0.19	)		(0.19	)
From net realized gain		(0.15	)		(1.11	)		(0.48	)		—			(0.52	)
Total distributions		(0.30	)		(1.30	)		(0.67	)		(0.19	)		(0.71	)
Net asset value, end of period		$22.48			$20.86			$20.15			$20.37			$18.26
Total return (%)2,3		9.34			10.81			2.18			12.65			2.54
Ratios and supplemental data
Net assets, end of period (in millions)		$314			$351			$400			$499			$507
Ratios (as a percentage of average net assets):
Expenses before reductions		1.78			1.78			1.77			1.78			1.79
Expenses including reductions		1.77			1.77			1.76			1.78			1.79
Net investment income		0.60			0.91			0.87			0.93			1.07
Portfolio turnover (%)		89			76			58			52			47

¹  Based on average daily shares outstanding.

² Total returns would have been lower had certain expenses not been reduced during the applicable periods.

³  Does not reflect the effect of sales charges, if any.

47     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS I SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$20.88			$20.16			$20.39			$18.28			$18.55
Net investment income1		0.33			0.38			0.38			0.37			0.37
Net realized and unrealized gain (loss) on investments		1.80			1.84			0.27			2.12			0.26
Total from investment operations		2.13			2.22			0.65			2.49			0.63
Less distributions
From net investment income		(0.37	)		(0.39	)		(0.40	)		(0.38	)		(0.38	)
From net realized gain		(0.15	)		(1.11	)		(0.48	)		—			(0.52	)
Total distributions		(0.52	)		(1.50	)		(0.88	)		(0.38	)		(0.90	)
Net asset value, end of period		$22.49			$20.88			$20.16			$20.39			$18.28
Total return (%)2		10.41			11.98			3.16			13.77			3.59
Ratios and supplemental data
Net assets, end of period (in millions)		$626			$469			$454			$522			$233
Ratios (as a percentage of average net assets):
Expenses before reductions		0.78			0.79			0.78			0.77			0.78
Expenses including reductions		0.77			0.78			0.77			0.77			0.78
Net investment income		1.55			1.90			1.85			1.91			2.09
Portfolio turnover (%)		89			76			58			52			47

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     48

CLASS R2 SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$20.86			$20.15			$20.37			$18.27			$18.53
Net investment income1		0.25			0.30			0.30			0.31			0.29
Net realized and unrealized gain (loss) on investments		1.79			1.83			0.28			2.10			0.27
Total from investment operations		2.04			2.13			0.58			2.41			0.56
Less distributions
From net investment income		(0.28	)		(0.31	)		(0.32	)		(0.31	)		(0.30	)
From net realized gain		(0.15	)		(1.11	)		(0.48	)		—			(0.52	)
Total distributions		(0.43	)		(1.42	)		(0.80	)		(0.31	)		(0.82	)
Net asset value, end of period		$22.47			$20.86			$20.15			$20.37			$18.27
Total return (%)2		10.03			11.48			2.79			13.27			3.23
Ratios and supplemental data
Net assets, end of period (in millions)		$11			$4			$4			$4			$8
Ratios (as a percentage of average net assets):
Expenses before reductions		1.16			1.17			1.18			1.18			1.19
Expenses including reductions		1.15			1.17			1.17			1.17			1.18
Net investment income		1.18			1.51			1.47			1.58			1.63
Portfolio turnover (%)		89			76			58			52			47

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

49     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS R4 SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$21.00			$20.27			$20.49			$18.36			$18.63
Net investment income1		0.28			0.35			0.35			0.35			0.35
Net realized and unrealized gain (loss) on investments		1.83			1.85			0.28			2.13			0.25
Total from investment operations		2.11			2.20			0.63			2.48			0.60
Less distributions
From net investment income		(0.34	)		(0.36	)		(0.37	)		(0.35	)		(0.35	)
From net realized gain		(0.15	)		(1.11	)		(0.48	)		—			(0.52	)
Total distributions		(0.49	)		(1.47	)		(0.85	)		(0.35	)		(0.87	)
Net asset value, end of period		$22.62			$21.00			$20.27			$20.49			$18.36
Total return (%)2		10.24			11.79			3.03			13.64			3.41
Ratios and supplemental data
Net assets, end of period (in millions)		$23			$13			$17			$24			$30
Ratios (as a percentage of average net assets):
Expenses before reductions		1.01			1.03			1.03			1.03			1.03
Expenses including reductions		0.90			0.92			0.92			0.92			0.92
Net investment income		1.33			1.77			1.70			1.79			1.93
Portfolio turnover (%)		89			76			58			52			47

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     50

CLASS R5 SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$20.96			$20.24			$20.47			$18.34			$18.60
Net investment income1		0.36			0.39			0.40			0.39			0.38
Net realized and unrealized gain (loss) on investments		1.79			1.84			0.26			2.13			0.26
Total from investment operations		2.15			2.23			0.66			2.52			0.64
Less distributions
From net investment income		(0.38	)		(0.40	)		(0.41	)		(0.39	)		(0.38	)
From net realized gain		(0.15	)		(1.11	)		(0.48	)		—			(0.52	)
Total distributions		(0.53	)		(1.51	)		(0.89	)		(0.39	)		(0.90	)
Net asset value, end of period		$22.58			$20.96			$20.24			$20.47			$18.34
Total return (%)2		10.48			11.98			3.19			13.88			3.68
Ratios and supplemental data
Net assets, end of period (in millions)		$2			$2			$2			$2			$2
Ratios (as a percentage of average net assets):
Expenses before reductions		0.71			0.73			0.73			0.73			0.73
Expenses including reductions		0.70			0.72			0.72			0.72			0.72
Net investment income		1.65			1.95			1.96			1.97			2.14
Portfolio turnover (%)		89			76			58			52			47

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

51     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS R6 SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$20.91			$20.19			$20.41			$18.30			$18.56
Net investment income1		0.35			0.40			0.41			0.39			0.39
Net realized and unrealized gain (loss) on investments		1.80			1.84			0.27			2.12			0.27
Total from investment operations		2.15			2.24			0.68			2.51			0.66
Less distributions
From net investment income		(0.39	)		(0.41	)		(0.42	)		(0.40	)		(0.40	)
From net realized gain		(0.15	)		(1.11	)		(0.48	)		—			(0.52	)
Total distributions		(0.54	)		(1.52	)		(0.90	)		(0.40	)		(0.92	)
Net asset value, end of period		$22.52			$20.91			$20.19			$20.41			$18.30
Total return (%)2		10.52			12.07			3.30			13.87			3.76
Ratios and supplemental data
Net assets, end of period (in millions)		$366			$226			$166			$18			$7
Ratios (as a percentage of average net assets):
Expenses before reductions		0.66			0.68			0.68			0.68			0.69
Expenses including reductions		0.65			0.67			0.67			0.67			0.66
Net investment income		1.67			2.00			1.98			1.97			2.19
Portfolio turnover (%)		89			76			58			52			47

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     52

Notes to financial statements

Note 1 — Organization

John Hancock Balanced Fund (the fund) is a series of John Hancock Investment Trust (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective of the fund is to seek current income, long-term growth of capital and income and preservation of capital.

The fund may offer multiple classes of shares. The shares currently outstanding are detailed in the Statement of assets and liabilities. Class A and Class C shares are offered to all investors. Class I shares are offered to institutions and certain investors. Class R2, Class R4 and Class R5 shares are available only to certain retirement and 529 plans. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class C shares convert to Class A shares ten years after purchase (certain exclusions may apply). Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.

Effective November 1, 2020, Class C shares convert to Class A shares eight years after purchase (certain exclusions may apply).

Note 2 — Significant accounting policies

The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of US GAAP.

Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the fund:

Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the fund’s Valuation Policies and Procedures.

In order to value the securities, the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.

In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund’s Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair

53     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT

value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the fund’s Pricing Committee, following procedures established by the Board of Trustees. The fund uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets 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, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund’s own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the fund’s investments as of October 31, 2020, by major security category or type:

	Total value at 10-31-20		Level 1 quoted price		Level 2 significant observable inputs		Level 3 significant unobservable inputs
Investments in securities:
Assets
Common stocks		$1,553,417,244		$1,526,633,562		$26,783,682		—
Preferred securities		2,738,450		2,738,450		—		—
U.S. Government and Agency obligations		511,611,578		—		511,611,578		—
Foreign government obligations		5,560,418		—		5,560,418		—
Corporate bonds		706,650,975		—		706,650,975		—
Municipal bonds		3,098,148		—		3,098,148		—
Collateralized mortgage obligations		61,715,274		—		61,715,274		—
Asset backed securities		84,611,188		—		84,611,188		—
Warrants		32,878		—		—		$32,878
Short-term investments		36,614,291		31,909,291		4,705,000		—
Total investments in securities		$2,966,050,444		$1,561,281,303		$1,404,736,263		$32,878

When-issued/delayed-delivery securities. The fund 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 or in a schedule to the portfolio (Sale Commitments Outstanding). At the time 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 its NAV. The price of such security and the date that the security will be delivered and

ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     54

paid for are fixed at the time the transaction is negotiated. The value of the security may vary with market fluctuations. No interest accrues until settlement 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.

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 purchased or increase in the value of securities sold prior to settlement date.

Mortgage and asset backed securities. The fund may invest in mortgage-related securities, such as mortgage-backed securities, and other asset-backed securities, which are debt obligations that represent interests in pools of mortgages or other income-bearing assets, such as consumer loans or receivables. Such securities often involve risks that are different from the risks associated with investing in other types of debt securities.

Mortgage-backed and other asset-backed securities are subject to changes in the payment patterns of borrowers of the underlying debt. When interest rates fall, borrowers are more likely to refinance or prepay their debt before its stated maturity. This may result in the fund having to reinvest the proceeds in lower yielding securities, effectively reducing the fund’s income. Conversely, if interest rates rise and borrowers repay their debt more slowly than expected, the time in which the mortgage-backed and other asset-backed securities are paid off could be extended, reducing the fund’s cash available for reinvestment in higher yielding securities. The timely payment of principal and interest of certain mortgage-related securities is guaranteed with the full faith and credit of the U.S. Government. Pools created and guaranteed by non-governmental issuers, including government-sponsored corporations (e.g. FNMA), may be supported by various forms of insurance or guarantees, but there can be no assurance that private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The fund is also subject to risks associated with securities with contractual cash flows including asset-backed and mortgage related securities such as collateralized mortgage obligations, mortgage pass-through securities and commercial mortgage-backed securities. The value, liquidity and related income of these securities are sensitive to changes in economic conditions, including real estate value, pre-payments, delinquencies and/or defaults, and may be adversely affected by shifts in the market’s perception of the issuers and changes in interest rates.

Real estate investment trusts. The fund may invest in real estate investment trusts (REITs). Distributions from REITs may be recorded as income and subsequently characterized by the REIT at the end of the fiscal year as a reduction of cost of investments and/or as a realized gain. As a result, the fund will estimate the components of distributions from these securities. Such estimates are revised when the actual components of the distributions are known.

Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Interest income includes coupon interest and amortization/accretion of premiums/discounts on debt securities. Debt obligations may be placed in a non-accrual status and related interest income may be reduced by stopping current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful. Dividend income is recorded on the ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.

Securities lending. The fund may lend its securities to earn additional income. The fund receives collateral from the borrower in an amount not less than the market value of the loaned securities. The fund will invest its cash collateral in JHCT, an affiliate of the fund, which has a floating NAV and is registered with the Securities and Exchange Commission (SEC) as an investment company. JHCT invests in short-term money market investments. The fund will receive the benefit of any gains and bear any losses generated by JHCT with respect to the cash

55     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT

collateral.

The fund has the right to recall loaned securities on demand. If a borrower fails to return loaned securities when due, then the lending agent is responsible and indemnifies the fund for the lent securities. The lending agent uses the collateral received from the borrower to purchase replacement securities of the same issue, type, class and series of the loaned securities. If the value of the collateral is less than the purchase cost of replacement securities, the lending agent is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any decrease in the value of JHCT.

Although the risk of loss on securities lent is mitigated by receiving collateral from the borrower and through lending agent indemnification, the fund could experience a delay in recovering securities or could experience a lower than expected return if the borrower fails to return the securities on a timely basis. The fund receives compensation for lending its securities by retaining a portion of the return on the investment of the collateral and compensation from fees earned from borrowers of the securities. Securities lending income received by the fund is net of fees retained by the securities lending agent. Net income received from JHCT is a component of securities lending income as recorded on the Statement of operations.

Obligations to repay collateral received by the fund are shown on the Statement of assets and liabilities as Payable upon return of securities loaned and are secured by the loaned securities. As of October 31, 2020, the fund loaned securities valued at $981,306 and received $1,000,636 of cash collateral.

Foreign investing. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is reflected as a component of the realized and unrealized gains (losses) on investments. Foreign investments are subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.

Funds that invest internationally generally carry more risk than funds that invest strictly in U.S. securities. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors.

Foreign taxes. The fund may be subject to withholding tax on income, capital gains or repatriations imposed by certain countries, a portion of which may be recoverable. Foreign taxes are accrued based upon the fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued based on gains realized by the fund as a result of certain foreign security sales. In certain circumstances, estimated taxes are accrued based on unrealized appreciation of such securities. Investment income is recorded net of foreign withholding taxes.

Overdraft. The fund may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the fund’s custodian agreement, the custodian may loan money to the fund to make properly authorized payments. The fund is obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law. Overdrafts at period end are presented under the caption Due to custodian in the Statement of assets and liabilities.

Line of credit. Effective June 25, 2020, the fund and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, the fund can borrow up to an aggregate commitment amount of $850 million, subject to asset coverage and other limitations as specified in the agreement. Each participating fund paid an upfront fee in connection with this line of credit agreement, which is charged based on a combination of fixed and asset-based allocations and amortized over 365 days. Prior to June 25, 2020, the fund and other affiliated funds

ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     56

had a similar agreement that enabled them to participate in a $750 million unsecured committed line of credit. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of the line of credit, is charged to each participating fund based on a combination of fixed and asset-based allocations and is reflected in Other expenses on the Statement of operations. For the year ended October 31, 2020, the fund had no borrowings under the line of credit. Commitment fees, including upfront fees, for the year ended October 31, 2020 were $12,394.

Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund’s relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the fund level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.

Federal income taxes. The fund intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

As of October 31, 2020, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund’s federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.

Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The fund generally declares and pays dividends quarterly. Capital gain distributions, if any, are typically distributed annually.

The tax character of distributions for the years ended October 31, 2020 and 2019 was as follows:

	October 31, 2020		October 31, 2019
Ordinary income		$50,583,261		$30,946,515
Long-term capital gains		377,172		103,995,447
Total		$50,960,433		$134,941,962

Distributions paid by the fund with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class. As of October 31, 2020, the components of distributable earnings on a tax basis consisted of $19,013,393 of undistributed ordinary income.

Such distributions and distributable earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund’s financial statements as a return of capital.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to investments in passive foreign investment companies, amortization and accretion on debt securities and wash sale loss deferrals.

57     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT

Note 3 — Guarantees and indemnifications

Under the Trust’s organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the fund. Additionally, in the normal course of business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.

Note 4 — Fees and transactions with affiliates

John Hancock Investment Management LLC (the Advisor) serves as investment advisor for the fund. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the fund. The Advisor and the Distributor are indirect, principally owned subsidiaries of Manulife Financial Corporation.

Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor equivalent on an annual basis to the sum of: (a) 0.600% of the first $2 billion of the fund’s average daily net assets and (b) 0.550% of the fund’s average daily net assets in excess of $2 billion. The Advisor has a subadvisory agreement with Manulife Investment Management (US) LLC, an indirectly owned subsidiary of Manulife Financial Corporation and an affiliate of the Advisor. The fund is not responsible for payment of the subadvisory fees.

The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the year ended October 31, 2020, this waiver amounted to 0.01% of the fund’s average daily net assets. This arrangement expires on July 31, 2022, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

For the year ended October 31, 2020, the expense reductions described above amounted to the following:

Class	Expense reduction
Class A		$93,748
Class B		542
Class C		23,542
Class I		37,506
Class R1		220
Class R2		301

Class	Expense reduction
Class R3		$301
Class R4		1,109
Class R5		154
Class R6		19,884
Total		$177,307

Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.

The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended October 31, 2020, were equivalent to a net annual effective rate of 0.58% of the fund’s average daily net assets.

Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the year ended October 31, 2020, amounted to an annual rate of 0.02% of the fund’s average daily net assets.

ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     58

Distribution and service plans. The fund has a distribution agreement with the Distributor. The fund has adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the fund. In addition, under a service plan for certain classes as detailed below, the fund pays for certain other services. The fund may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the fund’s shares:

Class	Rule 12b-1 Fee		Service fee
Class A		0.30%		—
Class B		1.00%		—
Class C		1.00%		—
Class R1		0.50%		0.25%
Class R2		0.25%		0.25%
Class R3		0.50%		0.15%
Class R4		0.25%		0.10%
Class R5		—		0.05%

Class B, Class R1, and Class R3 were redesignated during the year. Refer to Note 5 for further details.

The fund’s Distributor has contractually agreed to waive 0.10% of Rule12b-1 fees for Class R4 shares. The current waiver agreement expires on February 28, 2021, unless renewed by mutual agreement of the fund and the Distributor based upon a determination that this is appropriate under the circumstances at the time. This contractual waiver amounted to $15,506 for Class R4 shares for the year ended October 31, 2020.

Sales charges. Class A shares are assessed up-front sales charges, which resulted in payments to the Distributor amounting to $2,163,080 for the year ended October 31, 2020. Of this amount, $224,127 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $1,938,953 was paid as sales commissions to broker-dealers.

Class A and Class C shares may be subject to contingent deferred sales charges (CDSCs). Certain Class A shares that are acquired through purchases of $250,000 or more and are redeemed within one year of purchase are subject to a 1.00% sales charge. Class C shares that are redeemed within one year of purchase are subject to a 1.00% CDSC. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the Distributor for providing distribution-related services in connection with the sale of these shares. During the year ended October 31, 2020, there were no CDSCs received by the Distributor for Class A and Class C shares.

Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.

59     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT

Class level expenses. Class level expenses for the year ended October 31, 2020 were as follows:

Class	Distribution and service fees		Transfer agent fees
Class A		$3,970,618		$1,639,055
Class B		76,445		9,516
Class C		3,325,689		413,436
Class I		—		654,987
Class R1		22,125		403
Class R2		20,444		533
Class R3		26,869		552
Class R4		53,683		1,939
Class R5		1,079		278
Class R6		—		35,560
Total		$7,496,952		$2,756,259

Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to the fund based on its net assets relative to other funds within the John Hancock group of funds complex.

Interfund lending program. Pursuant to an Exemptive Order issued by the SEC, the fund, along with certain other funds advised by the Advisor or its affiliates, may participate in an interfund lending program. This program provides an alternative credit facility allowing the fund to borrow from, or lend money to, other participating affiliated funds. At period end, no interfund loans were outstanding. The fund’s activity in this program during the period for which loans were outstanding was as follows:

Borrower or Lender	Weighted Average Loan Balance		Days Outstanding		Weighted Average Interest Rate		Interest Income (Expense)
Lender		$2,250,000		2		0.866%		$108

Note 5 — Fund share transactions

Transactions in fund shares for the years ended October 31, 2020 and 2019 were as follows:

	Year Ended 10-31-20						Year Ended 10-31-19
	Shares			Amount			Shares			Amount
Class A shares
Sold		41,876,219			$904,225,483			17,827,152			$358,821,353
Distributions reinvested		1,222,816			25,487,459			3,122,194			58,256,341
Repurchased		(22,114,722	)		(473,441,633	)		(11,296,619	)		(226,124,337)
Net increase		20,984,313			$456,271,309			9,652,727			$190,953,357
Class B shares
Sold		10,505			$220,682			16,564			$322,658
Distributions reinvested		6,065			126,412			58,403			1,077,248
Repurchased		(560,547	)		(12,326,641	)		(502,719	)		(9,879,867)
Net decrease		(543,977	)		$(11,979,547)			(427,752	)		$(8,479,961)

ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     60

	Year Ended 10-31-20					Year Ended 10-31-19
	Shares			Amount		Shares			Amount
Class C shares
Sold		2,623,485			$56,124,040		2,480,805			$48,929,991
Distributions reinvested		213,587			4,453,454		1,227,779			22,711,974
Repurchased		(5,663,311	)		(121,025,958)		(6,780,942	)		(134,084,859)
Net decrease		(2,826,239	)		$(60,448,464)		(3,072,358	)		$(62,442,894)
Class I shares
Sold		10,430,889			$226,188,871		6,623,345			$130,794,097
Distributions reinvested		519,433			10,816,668		1,533,965			28,603,840
Repurchased		(5,597,083	)		(115,277,111)		(8,166,157	)		(159,008,781)
Net increase (decrease)		5,353,239			$121,728,428		(8,847	)		$389,156
Class R1 shares
Sold		57,212			$1,227,597		33,297			$664,078
Distributions reinvested		2,363			49,416		8,551			159,757
Repurchased		(224,471	)		(5,015,565)		(53,428	)		(1,080,583)
Net decrease		(164,896	)		$(3,738,552)		(11,580	)		$(256,748)
Class R2 shares
Sold		484,436			$8,777,117		87,369			$1,742,276
Distributions reinvested		3,429			71,200		9,875			183,805
Repurchased		(84,041	)		(1,785,479)		(75,682	)		(1,516,988)
Net increase		403,824			$7,062,838		21,562			$409,093
Class R3 shares
Sold		46,821			$1,018,539		43,765			$857,483
Distributions reinvested		4,153			86,659		17,390			324,185
Repurchased		(271,828	)		(6,219,863)		(70,338	)		(1,426,239)
Net decrease		(220,854	)		$(5,114,665)		(9,183	)		$(244,571)
Class R4 shares
Sold		537,195			$11,982,587		157,092			$3,050,177
Distributions reinvested		15,282			321,771		63,247			1,184,133
Repurchased		(117,853	)		(2,564,107)		(475,729	)		(9,619,372)
Net increase (decrease)		434,624			$9,740,251		(255,390	)		$(5,385,062)
Class R5 shares
Sold		3,754			$80,752		22,394			$435,832
Distributions reinvested		2,535			52,838		8,113			151,971
Repurchased		(10,792	)		(235,190)		(37,103	)		(744,884)
Net decrease		(4,503	)		$(101,600)		(6,596	)		$(157,081)

61     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT

	Year Ended 10-31-20					Year Ended 10-31-19
	Shares			Amount		Shares			Amount
Class R6 shares
Sold		7,506,526			$163,124,435		3,882,257			$77,589,248
Distributions reinvested		319,938			6,673,233		696,880			13,056,458
Repurchased		(2,376,265	)		(50,466,449)		(1,972,647	)		(38,955,265)
Net increase		5,450,199			$119,331,219		2,606,490			$51,690,441
Total net increase		28,865,730			$632,751,217		8,489,073			$166,475,730

Affiliates of the fund owned 1% of shares of Class R6 on October 31, 2020. Such concentration of shareholders’ capital could have a material effect on the fund if such shareholders redeem from the fund.

On June 25, 2020, the Board of Trustees approved redesignations of certain share classes. As a result of the redesignations, Class B, Class R1, and Class R3 were terminated, and shareholders in these classes became shareholders of the respective classes identified below, in each case with the same or lower total net expenses. The following amounts are included in the amount repurchased of the terminated classes and the amount sold of the redesignated classes.

Redesignation	Effective date	Amount
Class R3 shares as Class R2 shares	October 9, 2020	$4,556,865
Class B shares as Class A shares	October 14, 2020	$5,281,361
Class R1 shares as Class R2 shares	October 23, 2020	$3,276,091

Note 6 — Purchase and sale of securities

Purchases and sales of securities, other than short-term investments and U.S. Treasury obligations, amounted to $1,465,732,557 and $852,084,580, respectively, for the year ended October 31, 2020. Purchases and sales of U.S. Treasury obligations aggregated $1,375,271,876 and $1,343,783,008, respectively, for the year ended October 31, 2020.

Note 7 — Investment in affiliated underlying funds

The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund’s fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the fund, if any, is as follows:

							Dividends and distributions
Affiliate	Ending share amount	Beginning value	Cost of purchases	Proceeds from shares sold	Realized gain (loss)	Change in unrealized appreciation (depreciation)		Income distributions received	Capital gain distributions received	Ending value
John Hancock Collateral Trust*	99,969	—	$135,638,203	$(134,641,046)	$3,474	$(86)		$38,626	—	$1,000,545

* Refer to the Securities lending note within Note 2 for details regarding this investment.

Note 8 — LIBOR discontinuation risk

LIBOR (London Interbank Offered Rate) is a measure of the average interest rate at which major global banks can borrow from one another. Following allegations of rate manipulation and concerns regarding its thin liquidity, in July 2017, the U.K. Financial Conduct Authority, which regulates LIBOR, announced that it will stop encouraging banks to provide the quotations needed to sustain LIBOR after 2021. This event will likely cause LIBOR to cease to

ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     62

be published. Before then, it is expected that market participants will transition to the use of different reference or benchmark rates. However, although regulators have suggested alternative rates, there is currently no definitive information regarding the future utilization of LIBOR or of any replacement rate.

It is uncertain what impact the discontinuation of LIBOR will have on the use of LIBOR as a reference rate for securities in which the fund invests. It is expected that market participants will amend financial instruments referencing LIBOR to include fallback provisions and other measures that contemplate the discontinuation of LIBOR or other similar market disruption events, but neither the effect of the transition process nor the viability of such measures is known. In addition, there are obstacles to converting certain longer term securities and transactions to a new benchmark or benchmarks and the effectiveness of one alternative reference rate versus multiple alternative reference rates in new or existing financial instruments and products has not been determined. As market participants transition away from LIBOR, LIBOR’s usefulness may deteriorate, which could occur prior to the end of 2021. The transition process may lead to increased volatility and illiquidity in markets that currently rely on LIBOR to determine interest rates. LIBOR’s deterioration may adversely affect the liquidity and/or market value of securities that use LIBOR as a benchmark interest rate.

Note 9 — Coronavirus (COVID-19) pandemic

The novel COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance.

Note 10 — New accounting pronouncement

In March 2020, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU), ASU 2020-04, which provides optional, temporary relief with respect to the financial reporting of contracts subject to certain types of modifications due to the planned discontinuation of the LIBOR and other IBOR-based reference rates as of the end of 2021. The temporary relief provided by ASU 2020-04 is effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management is currently evaluating the potential impact of ASU 2020-04 to the financial statements.

63     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of John Hancock Investment Trust and Shareholders of John Hancock Balanced Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the fund’s investments, of John Hancock Balanced Fund (one of the funds constituting John Hancock Investment Trust, referred to hereafter as the Fund ) as of October 31, 2020, the related statement of operations for the year ended October 31, 2020, the statements of changes in net assets for each of the two years in the period ended October 31, 2020, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2020 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2020, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2020 and the financial highlights for each of the five years in the period ended October 31, 2020 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian, transfer agents and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 16, 2020

We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.

ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     64

    Tax information (Unaudited)

For federal income tax purposes, the following information is furnished with respect to the distributions of the fund, if any, paid during its taxable year ended October 31, 2020.

The fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.

The fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

The fund paid $377,172 in long term capital gain dividends.

The fund reports the maximum amount allowable of its Section 199A dividends as defined in Proposed Treasury Regulation §1.199A-3(d).

Eligible shareholders will be mailed a 2020 Form 1099-DIV in early 2021. This will reflect the tax character of all distributions paid in calendar year 2020.

Please consult a tax advisor regarding the tax consequences of your investment in the fund.

65     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT

Continuation of Investment Advisory and Subadvisory Agreements

Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees

This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Investment Trust (the Trust) of the Advisory Agreement (the Advisory Agreement) with John Hancock Investment Management LLC (the Advisor) and the Subadvisory Agreement (the Subadvisory Agreement) with Manulife Investment Management (US) LLC (the Subadvisor) for John Hancock Balanced Fund (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 23-25, 2020 telephonic¹ meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at telephonic meetings held on May 26-27, 2020.

Approval of Advisory and Subadvisory Agreements

At telephonic meetings held on June 23-25, 2020, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees), reapproved for an annual period the continuation of the Advisory Agreement between the Trust and the Advisor and the Subadvisory Agreement between the Advisor and the Subadvisor with respect to the fund.

In considering the Advisory Agreement and the Subadvisory Agreement, the Board received in advance of the meetings a variety of materials relating to the fund, the Advisor and the Subadvisor, including comparative performance, fee and expense information for a peer group of similar funds prepared by an independent third-party provider of fund data, performance information for an applicable benchmark index; and, with respect to the Subadvisor, comparative performance information for comparably managed accounts, as applicable, and other information provided by the Advisor and the Subadvisor regarding the nature, extent and quality of services provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor’s revenues and costs of providing services to the fund and any compensation paid to affiliates of the Advisor. At the meetings at which the renewal of the Advisory Agreement and Subadvisory Agreement are considered, particular focus is given to information concerning fund performance, comparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisor is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to the fund, including quarterly performance reports prepared by management containing reviews of investment results and prior presentations from the Subadvisor with respect to the fund. The information received and considered by the Board in connection with the May and June meetings and throughout the year was both written and oral. The Board noted the affiliation of the Subadvisor with the Advisor, noting any potential conflicts of interest. The Board also considered the nature, quality, and extent of non-advisory services, if any, to be provided to the fund by the Advisor’s affiliates, including distribution services. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the fund.

¹On March 25, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pandemic, the Securities and Exchange Commission issued an exemptive order (the “Order”) pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the “1940 Act”), that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board’s May and June meetings were held telephonically in reliance on the Order.

ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     66

Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from their independent legal counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.

Approval of Advisory Agreement

In approving the Advisory Agreement with respect to the fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets, and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board’s conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board’s ongoing regular review of fund performance and operations throughout the year.

Nature, extent, and quality of services. Among the information received by the Board from the Advisor relating to the nature, extent, and quality of services provided to the fund, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor’s compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust’s Chief Compliance Officer (CCO) regarding the fund’s compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the fund’s compliance programs, risk management programs, liquidity management programs and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the fund, including, but not limited to, general supervision of and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and third-party service providers. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the fund including entrepreneurial risk in sponsoring new funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.

In considering the nature, extent, and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor’s management and the quality of the performance of the Advisor’s duties, through Board meetings, discussions and reports during the preceding year and through each Trustee’s experience as a Trustee of the Trust and of the other trusts in the John Hancock group of funds complex (the John Hancock Fund Complex).

In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:

(a) the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues;

(b) the background, qualifications and skills of the Advisor’s personnel;

(c) the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments;

67     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT

(d) the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund;

(e) the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund;

(f) the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and

(g) the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments.

The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the fund.

Investment performance. In considering the fund’s performance, the Board noted that it reviews at its regularly scheduled meetings information about the fund’s performance results. In connection with the consideration of the Advisory Agreement, the Board:

(a) reviewed information prepared by management regarding the fund’s performance;

(b) considered the comparative performance of an applicable benchmark index;

(c) considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and

(d) took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally.

The Board noted that while it found the data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on the end date selected and the results of the performance comparisons may vary depending on the selection of the peer group. The Board noted that the fund underperformed its benchmark index for the one-, three-, five- and ten-year periods ended December 31, 2019. The Board also noted that the fund outperformed its peer group median for the one-,three-, five- and ten-year periods ended December 31, 2019. The Board took into account management’s discussion of the fund’s performance, including the favorable performance relative to the peer group for the one-, three-, five-and ten-year periods. The Board concluded that the fund’s performance has generally been in line with or outperformed the historical performance of comparable funds.

Fees and expenses. The Board reviewed comparative information prepared by an independent third-party provider of fund data, including, among other data, the fund’s contractual and net management fees (and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the fund in light of the nature, extent and quality of the management and advisory and subadvisory services provided by the Advisor and the Subadvisor. The Board considered the fund’s ranking within a smaller group of peer funds chosen by the independent third-party provider, as well as the fund’s ranking within a broader group of funds. In comparing the fund’s contractual and net management fees to those of comparable funds, the Board noted that such fees include both advisory and administrative costs. The Board noted that net management fees for the fund are higher than the peer group median and net total expenses for the fund are lower than the peer group median.

ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     68

The Board took into account management’s discussion of the fund’s expenses. The Board also took into account management’s discussion with respect to the overall management fee and the fees of the Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fee, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor pays the subadvisory fee. In addition, the Board took into account that management had agreed to implement an overall fee waiver across the complex, including the fund, which is discussed further below. The Board also noted actions taken over the past several years to reduce the fund’s operating expenses. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to the fund and that the fund has breakpoints in its contractual management fee schedule that reduce management fees as assets increase. The Board also noted that the fund’s distributor, an affiliate of the Advisor, has agreed to waive a portion of its Rule 12b-1 fee for a share class of the fund. The Board noted that the fund has a voluntary fee waiver and/or expense reimbursement, which reduces certain expenses of the fund. The Board reviewed information provided by the Advisor concerning the investment advisory fee charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the John Hancock Fund Complex) having similar investment mandates, if any. The Board considered any differences between the Advisor’s and Subadvisor’s services to the fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fee paid with respect to the fund is reasonable in light of the nature, extent and quality of the services provided to the fund under the Advisory Agreement.

Profitability/Fall out benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates (including the Subadvisor) from the Advisor’s relationship with the Trust, the Board:

(a) reviewed financial information of the Advisor;

(b) reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund;

(c) received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund;

(d) received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies;

(e) considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board;

(f) considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement;

(g) noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund;

(h) noted that the fund’s Subadvisor is an affiliate of the Advisor;

(i) noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund;

(j) noted that the subadvisory fee for the fund is paid by the Advisor;

69     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT

(k) considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and

(l) considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk.

Based upon its review, the Board concluded that the level of profitability, if any, of the Advisor and its affiliates (including the Subadvisor) from their relationship with the fund was reasonable and not excessive.

Economies of scale. In considering the extent to which economies of scale would be realized as the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders, the Board:

(a) considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund;

(b) reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and

(c) the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale.

Approval of Subadvisory Agreement

In making its determination with respect to approval of the Subadvisory Agreement, the Board reviewed:

(1) information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex);

(2) the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; and

(3) the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data.

Nature, extent, and quality of services. With respect to the services provided by the Subadvisor, the Board received information provided to the Board by the Subadvisor, including the Subadvisor’s Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor’s current level of staffing and its overall resources, as well as received information relating to the Subadvisor’s compensation program. The Board reviewed the Subadvisor’s history and investment experience, as well as information regarding the qualifications, background, and responsibilities of the Subadvisor’s investment and compliance personnel who provide services to the fund. The Board also considered, among other things, the Subadvisor’s compliance program and any disciplinary history. The Board also considered the Subadvisor’s risk assessment and monitoring process. The Board reviewed the Subadvisor’s regulatory history, including whether it was involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as

ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     70

appropriate. The Board noted that the Advisor conducts regular, periodic reviews of the Subadvisor and its operations, including regarding investment processes and organizational and staffing matters. The Board also noted that the Trust’s CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.

The Board considered the Subadvisor’s investment process and philosophy. The Board took into account that the Subadvisor’s responsibilities include the development and maintenance of an investment program for the fund that is consistent with the fund’s investment objective, the selection of investment securities and the placement of orders for the purchase and sale of such securities, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to the Subadvisor’s brokerage policies and practices, including with respect to best execution and soft dollars.

Subadvisor compensation. In considering the cost of services to be provided by the Subadvisor and the profitability to the Subadvisor of its relationship with the fund, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the fund. The Board also received information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.

In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor’s relationship with the fund, such as the opportunity to provide advisory services to additional funds in the John Hancock Fund Complex and reputational benefits.

Subadvisory fees. The Board considered that the fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. As noted above, the Board also considered the fund’s subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the fund as included in the report prepared by the independent third party provider of fund data, to the extent available. The Board noted that the limited size of the Lipper peer group was not sufficient for comparative purposes. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the fund and compared them to fees charged by the Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.

Subadvisor performance. As noted above, the Board considered the fund’s performance as compared to the fund’s peer group and the benchmark index and noted that the Board reviews information about the fund’s performance results at its regularly scheduled meetings. The Board noted the Advisor’s expertise and resources in monitoring the performance, investment style and risk-adjusted performance of the Subadvisor. The Board was mindful of the Advisor’s focus on the Subadvisor’s performance. The Board also noted the Subadvisor’s long-term performance record for similar accounts, as applicable.

The Board’s decision to approve the Subadvisory Agreement was based on a number of determinations, including the following:

(1) the Subadvisor has extensive experience and demonstrated skills as a manager;

(2) the performance of the fund has generally been in line with or outperformed the historical performance of comparable funds;

(3) the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and

(4) noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows.

71     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT

*  *  *

Based on the Board’s evaluation of all factors that the Board deemed to be material, including those factors described above, the Board, including the Independent Trustees, concluded that renewal of the Advisory Agreement and the Subadvisory Agreement would be in the best interest of the fund and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement for an additional one-year period.

ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     72

    Trustees and Officers

This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the fund and execute policies formulated by the Trustees.

Independent Trustees
Name, year of birth	Trustee	Number of John
Position(s) held with Trust	of the	Hancock funds
Principal occupation(s) and other	Trust	overseen by
directorships during past 5 years	since1	Trustee
Hassell H. McClellan, Born: 1945	2012	196
Trustee and Chairperson of the Board

Director/Trustee, Virtus Funds (since 2008); Director, The Barnes Group (since 2010); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex.

Charles L. Bardelis,2 Born: 1941	2012	196
Trustee

Director, Island Commuter Corp. (marine transport). Trustee, John Hancock Collateral Trust (since 2014), Trustee of various trusts within the John Hancock Fund Complex (since 1988).

James R. Boyle, Born: 1959	2015	196
Trustee

Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).

Peter S. Burgess,2 Born: 1942	2012	196
Trustee

Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (since 2004); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005).

William H. Cunningham, Born: 1944	1986	196
Trustee

Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986).

Grace K. Fey, Born: 1946	2012	196
Trustee

Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

73     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT

Independent Trustees (continued)
Name, year of birth	Trustee	Number of John
Position(s) held with Trust	of the	Hancock funds
Principal occupation(s) and other	Trust	overseen by
directorships during past 5 years	since1	Trustee
Deborah C. Jackson, Born: 1952	2008	196
Trustee

President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Massachusetts Women’s Forum (since 2018); Board of Directors, National Association of Corporate Directors/New England (since 2015); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

James M. Oates,2 Born: 1946	2012	196
Trustee

Managing Director, Wydown Group (financial consulting firm) (since 1994); Chairman and Director, Emerson Investment Management, Inc. (2000-2015); Independent Chairman, Hudson Castle Group, Inc. (formerly IBEX Capital Markets, Inc.) (financial services company) (1997–2011); Director, Stifel Financial (since 1996); Director, Investor Financial Services Corporation (1995–2007); Director, Connecticut River Bancorp (1998-2014); Director/Trustee, Virtus Funds (since 1988). Trustee (since 2004) and Chairperson of the Board (2005-2016) of various trusts within the John Hancock Fund Complex.

Steven R. Pruchansky, Born: 1944	1994	196
Trustee and Vice Chairperson of the Board

Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (since 2014); Director and President, Greenscapes of Southwest Florida, Inc. (2000-2014); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex.

Frances G. Rathke,2,* Born: 1960	2020	196
Trustee

Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020).

ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     74

Independent Trustees (continued)
Name, year of birth	Trustee	Number of John
Position(s) held with Trust	of the	Hancock funds
Principal occupation(s) and other	Trust	overseen by
directorships during past 5 years	since1	Trustee
Gregory A. Russo, Born: 1949	2009	196
Trustee

Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer,Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

Non-Independent Trustees3
Name, year of birth	Trustee	Number of John
Position(s) held with Trust	of the	Hancock funds
Principal occupation(s) and other	Trust	overseen by
directorships during past 5 years	since1	Trustee
Andrew G. Arnott, Born: 1971	2017	196
President and Non-Independent Trustee

Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Executive Vice President, John Hancock Financial Services (since 2009, including prior positions); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).

Marianne Harrison, Born: 1963	2018	196
Non-Independent Trustee

President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors,MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018).

75     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT

Principal officers who are not Trustees
Name, year of birth	Officer
Position(s) held with Trust	of the
Principal occupation(s)	Trust
during past 5 years	since
Charles A. Rizzo, Born: 1957	2007
Chief Financial Officer

Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007).

Salvatore Schiavone, Born: 1965	2010
Treasurer

Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions).

Christopher (Kit) Sechler, Born: 1973	2018
Chief Legal Officer and Secretary

Vice President and Deputy Chief Counsel, John Hancock Investments (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investments; Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2018); Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009).

Trevor Swanberg, Born: 1979	2020
Chief Compliance Officer

Chief Compliance Officer, various trusts within the John Hancock Fund Complex, John Hancock Investment Management LLC, and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2018–2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2016–2018); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016).

The business address for all Trustees and Officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023.

The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-5291.

¹  Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table.

²  Member of the Audit Committee.

³  The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

^*  Appointed as Independent Trustee effective as of September 15, 2020.

ANNUAL REPORT      |     JOHN HANCOCK BALANCED FUND     76

    More information

Trustees	Investment advisor
Hassell H. McClellan, Chairperson	John Hancock Investment Management LLC
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†	Subadvisor
Charles L. Bardelis*	Manulife Investment Management (US) LLC
James R. Boyle
Peter S. Burgess*	Portfolio Managers
William H. Cunningham	Susan A. Curry
Grace K. Fey	Jeffrey N. Given, CFA
Marianne Harrison†	Michael J. Scanlon, Jr., CFA
Deborah C. Jackson
James M. Oates*	Principal distributor
Frances G. Rathke1,*	John Hancock Investment Management
Gregory A. Russo	Distributors LLC
	Custodian
Officers	Citibank, N.A.
Andrew G. Arnott
President	Transfer agent
Charles A. Rizzo	John Hancock Signature Services, Inc.
Chief Financial Officer
Salvatore Schiavone	Legal counsel
Treasurer	K&L Gates LLP
Christopher (Kit) Sechler
Secretary and Chief Legal Officer	Independent registered public accounting firm
Trevor Swanberg2	PricewaterhouseCoopers LLP
Chief Compliance Officer

* Member of the Audit Committee

^† Non-Independent Trustee

¹ Appointed as Independent Trustee effective as of

September 15, 2020

² Effective July 31, 2020

The fund’s proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.

All of the fund’s holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The fund’s Form N-PORT filings are available on our website and the SEC’s website, sec.gov.

We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.

You can also contact us:
800-225-5291	Regular mail:	Express mail:
jhinvestments.com	John Hancock Signature Services, Inc.	John Hancock Signature Services, Inc.
	P.O. Box 219909	430 W 7th Street
	Kansas City, MO 64121-9909	Suite 219909
		Kansas City, MO 64105-1407

77     JOHN HANCOCK BALANCED FUND     |     ANNUAL REPORT

Protect yourself by using eDelivery

Signing up for the electronic delivery of your statements and other financial publications is a great way to help protect your privacy. eDelivery provides you with secure, instant access to all of your statements in one convenient location.

BENEFITS OF EDELIVERY

∎	Added security: Password protection
	helps you safely retrieve documents online
∎	Save time: Receive instant email
	notification once statements are available
∎	Reduce clutter: View documents online
	to reduce the amount of paper for filing, shredding, or recycling

SIGN UP FOR EDELIVERY TODAY!

Direct shareholders

If you receive statements directly through John Hancock Investment Management and would like to participate in eDelivery, go to jhinvestments.com/login. To log in to your account, click on the “Log in” button on the page’s top right corner. In the “Access your investments account” area, go to the “Individual retirement or mutual fund account” section and select the option that applies to you. Please be aware that you may be required to provide your account number and certain personal account information.

You may revoke your consent at any time by simply visiting jhinvestments.com/login and following the instructions above. You may also revoke consent by calling 800-225-5291 or by writing to us at the following address: John Hancock Signature Services, P.O. Box 219909, Kansas City, MO 64121-9909. We reserve the right to deliver documents to you on paper at any time should the need arise.

Brokerage account shareholders

If you receive statements directly from your bank or broker and would like to participate in eDelivery, go to icsdelivery/live or contact your financial representative.

| Not part of the shareholder report

Get your questions answered by using our shareholder resources

ONLINE

∎	Visit jhinvestments.com to access a range of resources for individual investors, from account details and fund information to forms and our latest insight on the markets and economy.
∎	Use our Fund Compare tool to compare thousands of funds and ETFs across dozens of risk and performance metrics—all powered by Morningstar.
∎	Visit our online Tax Center, where you’ll find helpful taxpayer resources all year long, including tax forms, planning guides, and other fund-specific information.
∎	Follow us on Facebook, Twitter, and LinkedIn to get the latest updates on the markets and what’s trending now.

BY PHONE

Call our customer service representatives at 800-225-5291, Monday to Thursday, 8:00 A.M. to 7:00 P.M., and Friday, 8:00 A.M. to 6:00 P.M., Eastern time. We’re here to help!

Not part of the shareholder report

John Hancock family of funds

DOMESTIC EQUITY FUNDS

Blue Chip Growth

Classic Value

Disciplined Value

Disciplined Value Mid Cap

Equity Income

Financial Industries

Fundamental All Cap Core

Fundamental Large Cap Core

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

GLOBAL AND INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

INCOME FUNDS

Bond

California Tax-Free Income

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Short Duration Bond

Short Duration Credit Opportunities

Strategic Income Opportunities

Tax-Free Bond

ALTERNATIVE AND SPECIALTY FUNDS

Absolute Return Currency

Alternative Asset Allocation

Alternative Risk Premia

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

A fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investment Management at 800- 225- 5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.

ASSET ALLOCATION

Balanced

Multi-Asset High Income

Multi-Index Lifetime Portfolios

Multi-Index Preservation Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

Retirement Income 2040

EXCHANGE-TRADED FUNDS

John Hancock Multifactor Consumer Discretionary ETF

John Hancock Multifactor Consumer Staples ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Energy ETF

John Hancock Multifactor Financials ETF

John Hancock Multifactor Healthcare ETF

John Hancock Multifactor Industrials ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Materials ETF

John Hancock Multifactor Media and Communications ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Multifactor Technology ETF

John Hancock Multifactor Utilities ETF

ENVIRONMENTAL, SOCIAL, AND GOVERNANCE FUNDS

ESG All Cap Core

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Financial Opportunities

Hedged Equity & Income

Income Securities Trust

Investors Trust

Preferred Income

Preferred Income II

Preferred Income III

Premium Dividend

Tax-Advantaged Dividend Income

Tax-Advantaged Global Shareholder Yield

John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC or Dimensional Fund Advisors LP.

Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.

John Hancock Investment Management

A trusted brand

John Hancock Investment Management is a premier asset manager with a heritage of financial stewardship dating back to 1862. Helping our shareholders pursue their financial goals is at the core of everything we do. It’s why we support the role of professional financial advice and operate with the highest standards of conduct and integrity.

A better way to invest

We serve investors globally through a unique multimanager approach: We search the world to find proven portfolio teams with specialized expertise for every strategy we offer, then we apply robust investment oversight to ensure they continue to meet our uncompromising standards and serve the best interests of our shareholders.

Results for investors

Our unique approach to asset management enables us to provide a diverse set of investments backed by some of the world’s best managers, along with strong risk-adjusted returns across asset classes.

John Hancock Investment Management Distributors LLC  ∎   Member FINRA, SIPC

200 Berkeley Street  ∎   Boston, MA 02116-5010  ∎   800-225-5291  ∎   jhinvestments.com

This report is for the information of the shareholders of John Hancock Balanced Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

MF1399308	36A 10/20
	12/10

Dear shareholder,

Despite heightened fears over the coronavirus (COVID-19), which sent markets tumbling in the first quarter of the calendar year, global financial markets delivered positive returns for the 12 months ended October 31, 2020. In response to the pandemic-led shock, the U.S. Federal Reserve and the government worked quickly to shore up the economy and equity markets began to rise, particularly large-cap U.S. growth stocks, during the period.

Of course, it would be a mistake to consider this market turnaround a trustworthy signal of assured or swift economic recovery. Economic growth has slowed as the ongoing spread of COVID-19 continues to create uncertainty among businesses and investors. Lockdowns and curfews in certain areas have been reinstated, affecting the level of unemployment and the pace of hiring. Consumer spending also remains far below prepandemic levels.

From an investment perspective, we continue to think that maintaining a focus on long-term objectives while pursuing a risk-aware strategy is a prudent way forward. Above all, we believe the counsel of a trusted financial professional continues to matter now more than ever. Periods of heightened uncertainty are precisely the time to review your financial goals and follow a plan that helps you make the most of what continues to be a challenging situation.

On behalf of everyone at John Hancock Investment Management, I’d like to take this opportunity to welcome new shareholders and thank existing shareholders for the continued trust you’ve placed in us.

Sincerely,

Andrew G. Arnott

President and CEO,

John Hancock Investment Management

Head of Wealth and Asset Management,

United States and Europe

This commentary reflects the CEO’s views as of this report’s period end and are subject to change at any time. Diversification does not guarantee investment returns and does not eliminate risk of loss. All investments entail risks, including the possible loss of principal. For more up-to-date information, you can visit our website at jhinvestments.com.

John Hancock

Fundamental Large Cap Core Fund

Table of contents
	2	Your fund at a glance
	4	Manager’s discussion of fund performance
	6	A look at performance
	8	Your expenses
	10	Fund’s investments
	13	Financial statements
	16	Financial highlights
	24	Notes to financial statements
	33	Report of independent registered public accounting firm
	34	Tax information
	35	Continuation of investment advisory and subadvisory agreements
	42	Trustees and Officers
	46	More information

1     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT

Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks long-term capital appreciation.

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2020 (%)

The S&P 500 Index is an unmanaged index that includes 500 widely traded common stocks.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

The fund’s Morningstar category average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on their historical portfolio holdings. Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Performance of the other share classes will vary based on the difference in the fees and expenses of those classes. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and can be found at jhinvestments.com or by calling 800-225-5291. For further information on the fund’s objectives, risks, and strategy, see the fund’s prospectus.

ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     2

PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

Despite steep first-quarter downturn, stocks closed with a gain

Slowing COVID-19 infection rates, gradual economic reopenings, and progress developing a vaccine helped U.S. stocks rebound from their March lows.

The fund edged ahead of the S&P 500 Index

Security selection aided relative performance, but was largely offset by disappointing sector allocations.

Positioning in the consumer discretionary sector helped most

Stock picks and an overweight in the strong-performing consumer discretionary sector gave the biggest boost to relative performance.

SECTOR COMPOSITION AS OF 10/31/2020 (% of net assets)

A note about risks

The fund may be subject to various risks as described in the fund’s prospectus. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance. For example, the novel coronavirus disease (COVID-19) has resulted in significant disruptions to global business activity. The impact of a health crisis and other epidemics and pandemics that may arise in the future, could affect the global economy in ways that cannot necessarily be foreseen at the present time. A health crisis may exacerbate other pre-existing political, social, and economic risks. Any such impact could adversely affect the fund’s performance, resulting in losses to your investment. For more information, please refer to the “Principal risks” section of the prospectus.

3     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT

Manager’s discussion of fund performance

What drove the U.S. stock market’s gain for the 12 months ended October 31, 2020?

U.S. stocks rose in late 2019, aided by easing trade tensions, steady economic growth and interest rate cuts, but equities fell sharply in the new year as the COVID-19 pandemic spread, leading to unprecedented shutdowns of entire countries. Starting in April, however, U.S. equities began a strong rebound, buoyed by slowing infection rates and hospitalizations, progress in developing a potential vaccine, and the gradual reopening of economies in many states. These tailwinds outweighed late-period profit taking, rising infection rates, and mounting uncertainty ahead of the November U.S. presidential election.

Within the fund’s benchmark, the S&P 500 Index, the information technology and consumer discretionary sectors stood out, as COVID-19 lockdowns boosted demand for e-commerce and cloud computing services. Conversely, energy stocks posted steep losses due to weak commodity prices.

Which sectors and stocks most aided the fund’s relative result?

Security selection and a large overweight in the consumer discretionary sector helped the fund outpace the benchmark, with added boosts from stock picks in healthcare and real estate. Within the consumer discretionary sector, a large overweight in e-commerce giant Amazon.com, Inc. soared amid increased demand

TOP 10 HOLDINGS
AS OF 10/31/2020 (% of net assets)
Amazon.com, Inc.	9.8
Apple, Inc.	6.7
Facebook, Inc., Class A	6.6
Alphabet, Inc., Class A	5.5
Lennar Corp., A Shares	4.6
Workday, Inc., Class A	4.2
Anheuser-Busch InBev SA/NV, ADR	4.0
Cheniere Energy, Inc.	4.0
Morgan Stanley	3.7
Microsoft Corp.	3.2
TOTAL	52.3
Cash and cash equivalents are not included.

ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     4

for online shopping and cloud computing as people sheltered at home during the pandemic. Elsewhere, shares of consumer technology leader Apple, Inc., another top holding, surged due to enthusiasm for the company’s ecosystem and the anticipated fall launch of a 5G-enabled iPhone. An overweight in social networking company Facebook, Inc. also rallied nicely, as increased usage during the pandemic aided advertising revenues. MANAGED BY Emory W. Sanders, Jr., CFA Jonathan T. White, CFA  

What detracted from relative performance?

An overweight in the financials sector and stock picks in consumer staples hurt most. Among individual detractors was a nonindex position in Belgium-based global brewer Anheuser-Busch InBev SA/NV, which fell sharply as COVID-19 lockdowns hurt on-premises sales. Elsewhere, shares of Citigroup, Inc. declined amid continued low interest rates and uncertainty associated with a second round of regulatory stress tests to measure the capital adequacy of big banks in the event of economic disruption. Concerns regarding an upcoming CEO transition and the company’s need to invest in additional compliance measures also hurt the stock, which was no longer in the portfolio at period end. A nonindex investment in liquefied natural gas company Chenière Energy, Inc. retreated as low oil prices and weakened demand battered energy stocks.

How was the fund positioned at period end?

We kept the fund focused on financially sound companies with competitive advantages, the ability to generate substantial cash flow over sustained periods, and attractive stock prices relative to our estimate of intrinsic value. As of period end, the fund had sizable overweights in the consumer discretionary, communication services and financials sectors, with underweights in healthcare and information technology.

The views expressed in this report are exclusively those of Emory W. Sanders, Jr., CFA, Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the fund for the entire period. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk.

5     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT

A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2020

	Average annual total returns (%)			Cumulative total returns (%)
	with maximum sales charge			with maximum sales charge
	1-year	5-year	10-year	5-year	10-year
Class A	4.38	7.95	10.18	46.63	163.58
Class C	8.05	8.26	9.91	48.68	157.29
Class I1	10.16	9.35	11.05	56.33	185.26
Class R21,2	9.73	8.92	10.65	53.29	175.23
Class R41	10.00	9.19	10.86	55.18	180.34
Class R51	10.22	9.40	11.10	56.74	186.53
Class R61,2	10.28	9.47	11.12	57.21	187.05
Class NAV1,2	10.30	9.36	10.89	56.45	181.17
Index†	9.71	11.71	13.01	73.97	239.87

Performance figures assume all distributions have been reinvested. Figures reflect maximum sales charges on Class A shares of 5% and the applicable contingent deferred sales charge (CDSC) on Class C shares. Class C shares sold within one year of purchase are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R2, Class R4, Class R5, Class R6, and Class NAV shares.

The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the fund and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until February 28, 2021 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:

	Class A	Class C	Class I	Class R2	Class R4	Class R5	Class R6	Class NAV
Gross (%)	1.03	1.78	0.78	1.18	1.03	0.73	0.68	0.67
Net (%)	1.02	1.77	0.77	1.17	0.92	0.72	0.67	0.66

Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.

The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the fund’s website at jhinvestments.com.

The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The fund’s performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.

^†  Index is the S&P 500 Index.

See the following page for footnotes.

ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     6

This chart and table show what happened to a hypothetical $10,000 investment in John Hancock Fundamental Large Cap Core Fund for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in the S&P 500 Index.

	Start date		With maximum sales charge ($)		Without sales charge ($)		Index ($)
Class C3		10-31-10		25,729		25,729		33,987
Class I1		10-31-10		28,526		28,526		33,987
Class R21,2		10-31-10		27,523		27,523		33,987
Class R41		10-31-10		28,034		28,034		33,987
Class R51		10-31-10		28,653		28,653		33,987
Class R61,2		10-31-10		28,705		28,705		33,987
Class NAV1,2		10-31-10		28,117		28,117		33,987

The S&P 500 Index is an unmanaged index that includes 500 widely traded common stocks.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

Footnotes related to performance pages

¹  For certain types of investors, as described in the fund’s prospectuses.

²  Class R2 shares were first offered on 3-1-12; Class R6 shares were first offered on 9-1-11; Class NAV shares were first offered on 2-8-17. Returns prior to these dates are those of Class A shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.

³  The contingent deferred sales charge is not applicable.

7     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT

Your expenses

These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds.

Understanding fund expenses

As a shareholder of the fund, you incur two types of costs:

∎  Transaction costs,

∎  Ongoing operating expenses, including management fees, distribution and service fees (if applicable), and other fund expenses.

We are presenting only your ongoing operating expenses here.

Actual expenses/actual returns

The first line of each share class in the table on the following page is intended to provide information about the fund’s actual ongoing operating expenses, and is based on the fund’s actual return. It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020.

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at October 31, 2020, by $1,000.00, then multiply it by the “expenses paid” for your share class from the table. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

Hypothetical example for comparison purposes

The second line of each share class in the table on the following page allows you to compare the fund’s ongoing operating expenses with those of any other fund. It provides an example of the fund’s hypothetical account values and hypothetical expenses based on each class’s actual expense ratio and an assumed 5% annualized return before expenses (which is not the class’s actual return). It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     8

Remember, these examples do not include any transaction costs, therefore, these examples will not help you to determine the relative total costs of owning different funds. If transaction costs were included, your expenses would have been higher. See the prospectuses for details regarding transaction costs.

SHAREHOLDER EXPENSE EXAMPLE CHART

		Account value on 5-1-2020		Ending value on 10-31-2020		Expenses paid during period ended 10-31-20201		Annualized expense ratio
Class A	Actual expenses/actual returns		$1,000.00		$1,155.70		$5.53		1.02%
	Hypothetical example		1,000.00		1,020.00		5.18		1.02%
Class C	Actual expenses/actual returns		1,000.00		1,151.50		9.73		1.80%
	Hypothetical example		1,000.00		1,016.10		9.12		1.80%
Class I	Actual expenses/actual returns		1,000.00		1,157.40		4.23		0.78%
	Hypothetical example		1,000.00		1,021.20		3.96		0.78%
Class R2	Actual expenses/actual returns		1,000.00		1,155.10		6.28		1.16%
	Hypothetical example		1,000.00		1,019.30		5.89		1.16%
Class R4	Actual expenses/actual returns		1,000.00		1,156.40		4.88		0.90%
	Hypothetical example		1,000.00		1,020.60		4.57		0.90%
Class R5	Actual expenses/actual returns		1,000.00		1,157.60		3.85		0.71%
	Hypothetical example		1,000.00		1,021.60		3.61		0.71%
Class R6	Actual expenses/actual returns		1,000.00		1,157.80		3.63		0.67%
	Hypothetical example		1,000.00		1,021.80		3.41		0.67%
Class NAV	Actual expenses/actual returns		1,000.00		1,157.80		3.53		0.65%
	Hypothetical example		1,000.00		1,021.90		3.30		0.65%

¹  Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period).

9     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT

Fund’s investments

AS OF 10-31-20

	Shares		Value
Common stocks 99.6%				$4,696,968,025
(Cost $3,070,641,416)
Communication services 19.8%				933,232,956
Entertainment 3.9%
Liberty Media Corp.-Liberty Formula One, Series C (A)		3,463,071		125,120,755
The Walt Disney Company		488,404		59,218,985
Interactive media and services 12.9%
Alphabet, Inc., Class A (A)		159,634		257,986,104
CarGurus, Inc. (A)		1,956,935		39,001,715
Facebook, Inc., Class A (A)		1,179,303		310,286,412
Media 3.0%
Comcast Corp., Class A		1,339,026		56,560,458
Fox Corp., Class A		6,914		183,359
Fox Corp., Class B		3,246,946		84,875,168
Consumer discretionary 17.9%				843,824,803
Household durables 5.4%
Lennar Corp., A Shares		3,110,892		218,477,945
Tempur Sealy International, Inc. (A)		423,853		37,722,917
Internet and direct marketing retail 9.8%
Amazon.com, Inc. (A)		151,814		460,930,075
Leisure products 1.4%
Polaris, Inc.		746,095		67,790,192
Specialty retail 1.3%
CarMax, Inc. (A)		681,440		58,903,674
Consumer staples 5.8%				274,257,507
Beverages 4.5%
Anheuser-Busch InBev SA/NV, ADR		3,652,790		189,616,329
Diageo PLC, ADR		184,898		24,070,022
Food products 1.3%
Danone SA		1,092,060		60,571,156
Energy 5.1%				241,635,151
Energy equipment and services 1.1%
Baker Hughes Company		3,525,561		52,072,536
Oil, gas and consumable fuels 4.0%
Cheniere Energy, Inc. (A)		3,959,946		189,562,615
Financials 15.7%				741,475,973
Banks 6.8%
Bank of America Corp.		5,576,114		132,153,902
First Republic Bank		20,774		2,620,432

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     10

	Shares		Value
Financials (continued)
Banks (continued)
JPMorgan Chase & Co.		1,454,702		$142,618,984
Wells Fargo & Company		2,016,396		43,251,694
Capital markets 7.0%
Morgan Stanley		3,573,554		172,066,625
State Street Corp.		979,562		57,696,202
The Goldman Sachs Group, Inc.		523,614		98,983,991
Consumer finance 1.9%
American Express Company		673,637		61,462,640
Synchrony Financial		1,223,881		30,621,503
Health care 7.6%				356,717,713
Biotechnology 2.0%
Alexion Pharmaceuticals, Inc. (A)		424,104		48,831,335
Alnylam Pharmaceuticals, Inc. (A)		384,881		47,328,817
Health care equipment and supplies 1.8%
Danaher Corp.		365,098		83,804,595
Health care providers and services 2.9%
UnitedHealth Group, Inc.		445,294		135,877,011
Pharmaceuticals 0.9%
Bristol-Myers Squibb Company		699,332		40,875,955
Industrials 5.5%				260,538,170
Aerospace and defense 2.4%
General Dynamics Corp.		422,824		55,529,476
Lockheed Martin Corp.		123,167		43,124,462
Raytheon Technologies Corp.		313,826		17,047,028
Building products 0.2%
Carrier Global Corp.		313,826		10,478,650
Machinery 1.2%
Caterpillar, Inc.		286,118		44,934,832
Otis Worldwide Corp.		156,915		9,615,751
Road and rail 1.7%
Union Pacific Corp.		450,409		79,807,971
Information technology 18.2%				858,699,457
IT services 1.2%
Visa, Inc., Class A		319,295		58,019,094
Semiconductors and semiconductor equipment 2.9%
Analog Devices, Inc.		438,977		52,031,944
Broadcom, Inc.		89,993		31,464,253
KLA Corp.		275,456		54,314,414

11     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

			Shares		Value
Information technology (continued)
Software 7.4%
Microsoft Corp.				745,041		$150,848,451
Workday, Inc., Class A (A)				929,832		195,376,300
Technology hardware, storage and peripherals 6.7%
Apple, Inc.				2,908,736		316,645,001
Materials 0.8%						39,027,863
Chemicals 0.8%
LyondellBasell Industries NV, Class A				570,166		39,027,863
Real estate 3.2%						147,558,432
Equity real estate investment trusts 3.2%
American Tower Corp.				428,080		98,308,572
Crown Castle International Corp.				315,300		49,249,860
	Yield	(%)		Shares		Value
Short-term investments 0.4%						$19,620,579
(Cost $19,620,579)
Short-term funds 0.4%						19,620,579
Federated Government Obligations Fund, Institutional Class	0.0100	(B)		19,620,579		19,620,579
Total investments (Cost $3,090,261,995) 100.0%						$4,716,588,604
Other assets and liabilities, net (0.0%)						(116,141	)
Total net assets 100.0%						$4,716,472,463

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

Security Abbreviations and Legend

ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	The rate shown is the annualized seven-day yield as of 10-31-20.

At 10-31-20, the aggregate cost of investments for federal income tax purposes was $3,103,040,699. Net unrealized appreciation aggregated to $1,613,547,905, of which $1,801,103,583 related to gross unrealized appreciation and $187,555,678 related to gross unrealized depreciation.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     12

Financial statements

STATEMENT OF ASSETS AND LIABILITIES 10-31-20
Assets
Unaffiliated investments, at value (Cost $3,090,261,995)	$4,716,588,604
Cash	865,456
Dividends and interest receivable	3,805,997
Receivable for fund shares sold	2,342,403
Other assets	132,664
Total assets	4,723,735,124
Liabilities
Payable for fund shares repurchased	3,339,227
Payable to affiliates
Investment management fees	2,610,885
Accounting and legal services fees	181,544
Transfer agent fees	240,822
Distribution and service fees	425,790
Other liabilities and accrued expenses	464,393
Total liabilities	7,262,661
Net assets	$4,716,472,463
Net assets consist of
Paid-in capital	$3,190,872,819
Total distributable earnings (loss)	1,525,599,644
Net assets	$4,716,472,463
Net asset value per share
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value
Class A ($1,549,882,381 ÷ 30,487,092 shares)1	$50.84
Class C ($83,753,090 ÷ 1,899,999 shares)1	$44.08
Class I ($624,514,786 ÷ 11,680,705 shares)	$53.47
Class R2 ($7,150,440 ÷ 134,504 shares)	$53.16
Class R4 ($1,517,724 ÷ 28,558 shares)	$53.15
Class R5 ($522,410 ÷ 9,745 shares)	$53.61
Class R6 ($386,367,028 ÷ 7,203,099 shares)	$53.64
Class NAV ($2,062,764,604 ÷ 38,470,309 shares)	$53.62
Maximum offering price per share
Class A (net asset value per share ÷ 95%)2	$53.52

¹  Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

²  On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.

13     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

STATEMENT OF OPERATIONS For the year ended 10-31-20
Investment income
Dividends	$70,633,773
Interest	417,713
Less foreign taxes withheld	(655,982	)
Total investment income	70,395,504
Expenses
Investment management fees	30,111,321
Distribution and service fees	5,020,732
Accounting and legal services fees	923,269
Transfer agent fees	3,003,437
Trustees’ fees	80,600
Custodian fees	608,046
State registration fees	189,610
Printing and postage	196,722
Professional fees	171,270
Other	219,801
Total expenses	40,524,808
Less expense reductions	(355,717	)
Net expenses	40,169,091
Net investment income	30,226,413
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments and foreign currency transactions	278,205,291
	278,205,291
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments	157,376,933
	157,376,933
Net realized and unrealized gain	435,582,224
Increase in net assets from operations	$465,808,637

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     14

STATEMENTS OF CHANGES IN NET ASSETS
	Year ended 10-31-20			Year ended 10-31-19
Increase (decrease) in net assets
From operations
Net investment income		$30,226,413			$36,635,492
Net realized gain (loss)		278,205,291			(374,099,003	)
Change in net unrealized appreciation (depreciation)		157,376,933			954,775,662
Increase in net assets resulting from operations		465,808,637			617,312,151
Distributions to shareholders
From earnings
Class A		(8,690,954	)		(166,593,801	)
Class B1		—			(1,625,686	)
Class C		—			(21,796,903	)
Class I		(6,159,077	)		(87,511,921	)
Class R11		(9,734	)		(794,580	)
Class R2		(6,332	)		(176,373	)
Class R31		(6,419	)		(333,868	)
Class R4		(8,395	)		(140,309	)
Class R5		(3,983	)		(48,849	)
Class R6		(3,343,608	)		(61,032,548	)
Class NAV		(18,467,276	)		(197,840,192	)
Total distributions		(36,695,778	)		(537,895,030	)
From fund share transactions		(841,566,650	)		(157,801,460	)
Total decrease		(412,453,791	)		(78,384,339	)
Net assets
Beginning of year		5,128,926,254			5,207,310,593
End of year		$4,716,472,463			$5,128,926,254

¹  Share class was redesignated during the year. Refer to Note 5 for further details.

15     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Financial highlights

CLASS A SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$46.52			$46.66			$51.87			$42.42			$42.89
Net investment income1		0.20			0.24			0.16			0.24			0.23
Net realized and unrealized gain (loss) on investments		4.38			4.82			(1.10	)		10.71			(0.07	)
Total from investment operations		4.58			5.06			(0.94	)		10.95			0.16
Less distributions
From net investment income		(0.26	)		(0.13	)		(0.26	)		(0.19	)		(0.12	)
From net realized gain		—			(5.07	)		(4.01	)		(1.31	)		(0.51	)
Total distributions		(0.26	)		(5.20	)		(4.27	)		(1.50	)		(0.63	)
Net asset value, end of period		$50.84			$46.52			$46.66			$51.87			$42.42
Total return (%)2,3		9.88			13.23			(2.20	)		26.39			0.37
Ratios and supplemental data
Net assets, end of period (in millions)		$1,550			$1,550			$1,511			$1,620			$1,519
Ratios (as a percentage of average net assets):
Expenses before reductions		1.04			1.03			1.03			1.04			1.06
Expenses including reductions		1.03			1.02			1.02			1.04			1.05
Net investment income		0.40			0.56			0.32			0.51			0.57
Portfolio turnover (%)		19			29	4		47	4		54	4		20	5

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

³  Does not reflect the effect of sales charges, if any.

⁴  Excludes in-kind transactions.

⁵  Excludes merger activity.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     16

CLASS C SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$40.42			$41.41			$46.57			$38.33			$38.98
Net investment loss1		(0.14	)		(0.07	)		(0.19	)		(0.10	)		(0.07	)
Net realized and unrealized gain (loss) on investments		3.80			4.15			(0.96	)		9.65			(0.07	)
Total from investment operations		3.66			4.08			(1.15	)		9.55			(0.14	)
Less distributions
From net realized gain		—			(5.07	)		(4.01	)		(1.31	)		(0.51	)
Net asset value, end of period		$44.08			$40.42			$41.41			$46.57			$38.33
Total return (%)2,3		9.05			12.38			(2.93	)		25.44			(0.37	)
Ratios and supplemental data
Net assets, end of period (in millions)		$84			$127			$184			$303			$290
Ratios (as a percentage of average net assets):
Expenses before reductions		1.79			1.78			1.78			1.79			1.81
Expenses including reductions		1.78			1.77			1.77			1.79			1.80
Net investment loss		(0.33	)		(0.17	)		(0.42	)		(0.23	)		(0.18	)
Portfolio turnover (%)		19			29	4		47	4		54	4		20	5

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

³  Does not reflect the effect of sales charges, if any.

⁴  Excludes in-kind transactions.

⁵  Excludes merger activity.

17     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS I SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$48.89			$48.78			$54.05			$44.13			$44.58
Net investment income1		0.34			0.37			0.29			0.40			0.36
Net realized and unrealized gain (loss) on investments		4.61			5.07			(1.15	)		11.12			(0.08	)
Total from investment operations		4.95			5.44			(0.86	)		11.52			0.28
Less distributions
From net investment income		(0.37	)		(0.26	)		(0.40	)		(0.29	)		(0.22	)
From net realized gain		—			(5.07	)		(4.01	)		(1.31	)		(0.51	)
Total distributions		(0.37	)		(5.33	)		(4.41	)		(1.60	)		(0.73	)
Net asset value, end of period		$53.47			$48.89			$48.78			$54.05			$44.13
Total return (%)2		10.16			13.51			(1.97	)		26.73			0.63
Ratios and supplemental data
Net assets, end of period (in millions)		$625			$819			$846			$985			$1,665
Ratios (as a percentage of average net assets):
Expenses before reductions		0.79			0.79			0.79			0.78			0.79
Expenses including reductions		0.78			0.78			0.78			0.78			0.78
Net investment income		0.66			0.81			0.56			0.82			0.84
Portfolio turnover (%)		19			29	3		47	3		54	3		20	4

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

³  Excludes in-kind transactions.

⁴  Excludes merger activity.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     18

CLASS R2 SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$48.63			$48.51			$53.77			$43.93			$44.40
Net investment income1		0.13			0.19			0.12			0.18			0.18
Net realized and unrealized gain (loss) on investments		4.59			5.06			(1.18	)		11.10			(0.08	)
Total from investment operations		4.72			5.25			(1.06	)		11.28			0.10
Less distributions
From net investment income		(0.19	)		(0.06	)		(0.19	)		(0.13	)		(0.06	)
From net realized gain		—			(5.07	)		(4.01	)		(1.31	)		(0.51	)
Total distributions		(0.19	)		(5.13	)		(4.20	)		(1.44	)		(0.57	)
Net asset value, end of period		$53.16			$48.63			$48.51			$53.77			$43.93
Total return (%)2		9.73			13.09			(2.36	)		26.22			0.24
Ratios and supplemental data
Net assets, end of period (in millions)		$7			$2			$2			$3			$3
Ratios (as a percentage of average net assets):
Expenses before reductions		1.17			1.18			1.18			1.18			1.20
Expenses including reductions		1.17			1.17			1.18			1.18			1.19
Net investment income		0.28			0.41			0.23			0.36			0.43
Portfolio turnover (%)		19			29	3		47	3		54	3		20	4

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

³  Excludes in-kind transactions.

⁴  Excludes merger activity.

19     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS R4 SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$48.61			$48.51			$53.76			$43.91			$44.37
Net investment income1		0.26			0.36			0.20			0.30			0.29
Net realized and unrealized gain (loss) on investments		4.59			4.99			(1.13	)		11.09			(0.08	)
Total from investment operations		4.85			5.35			(0.93	)		11.39			0.21
Less distributions
From net investment income		(0.31	)		(0.18	)		(0.31	)		(0.23	)		(0.16	)
From net realized gain		—			(5.07	)		(4.01	)		(1.31	)		(0.51	)
Total distributions		(0.31	)		(5.25	)		(4.32	)		(1.54	)		(0.67	)
Net asset value, end of period		$53.15			$48.61			$48.51			$53.76			$43.91
Total return (%)2		10.00			13.35			(2.10	)		26.53			0.47
Ratios and supplemental data
Net assets, end of period (in millions)		$2			$1			$4			$3			$2
Ratios (as a percentage of average net assets):
Expenses before reductions		1.02			1.03			1.03			1.04			1.04
Expenses including reductions		0.92			0.92			0.92			0.93			0.93
Net investment income		0.51			0.77			0.39			0.61			0.69
Portfolio turnover (%)		19			29	3		47	3		54	3		20	4

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

³  Excludes in-kind transactions.

⁴  Excludes merger activity.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     20

CLASS R5 SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$49.02			$48.89			$54.14			$44.20			$44.64
Net investment income1		0.36			0.40			0.34			0.38			0.38
Net realized and unrealized gain (loss) on investments		4.63			5.08			(1.17	)		11.18			(0.08	)
Total from investment operations		4.99			5.48			(0.83	)		11.56			0.30
Less distributions
From net investment income		(0.40	)		(0.28	)		(0.41	)		(0.31	)		(0.23	)
From net realized gain		—			(5.07	)		(4.01	)		(1.31	)		(0.51	)
Total distributions		(0.40	)		(5.35	)		(4.42	)		(1.62	)		(0.74	)
Net asset value, end of period		$53.61			$49.02			$48.89			$54.14			$44.20
Total return (%)2		10.22			13.60			(1.92	)		26.77			0.68
Ratios and supplemental data
Net assets, end of period (in millions)		$1			$—	3		$—	3		$2			$1
Ratios (as a percentage of average net assets):
Expenses before reductions		0.73			0.73			0.73			0.74			0.75
Expenses including reductions		0.72			0.72			0.72			0.73			0.74
Net investment income		0.71			0.86			0.64			0.77			0.90
Portfolio turnover (%)		19			29	4		47	4		54	4		20	5

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

³  Less than $500,000.

⁴  Excludes in-kind transactions.

⁵  Excludes merger activity.

21     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS R6 SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$49.04			$48.91			$54.16			$44.21			$44.64
Net investment income1		0.39			0.45			0.34			0.28			0.40
Net realized and unrealized gain (loss) on investments		4.63			5.05			(1.15	)		11.31			(0.07	)
Total from investment operations		5.02			5.50			(0.81	)		11.59			0.33
Less distributions
From net investment income		(0.42	)		(0.30	)		(0.43	)		(0.33	)		(0.25	)
From net realized gain		—			(5.07	)		(4.01	)		(1.31	)		(0.51	)
Total distributions		(0.42	)		(5.37	)		(4.44	)		(1.64	)		(0.76	)
Net asset value, end of period		$53.64			$49.04			$48.91			$54.16			$44.21
Total return (%)2		10.28			13.63			(1.85	)		26.86			0.76
Ratios and supplemental data
Net assets, end of period (in millions)		$386			$397			$963			$975			$12
Ratios (as a percentage of average net assets):
Expenses before reductions		0.68			0.68			0.68			0.69			0.70
Expenses including reductions		0.67			0.67			0.67			0.68			0.68
Net investment income		0.76			0.96			0.66			0.57			0.93
Portfolio turnover (%)		19			29	3		47	3		54	3		20	4

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

³  Excludes in-kind transactions.

⁴  Excludes merger activity.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     22

CLASS NAV SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-171
Per share operating performance
Net asset value, beginning of period		$49.02			$48.90			$54.15			$47.04
Net investment income2		0.40			0.42			0.33			0.35
Net realized and unrealized gain (loss) on investments		4.63			5.07			(1.13	)		6.76
Total from investment operations		5.03			5.49			(0.80	)		7.11
Less distributions
From net investment income		(0.43	)		(0.30	)		(0.44	)		—
From net realized gain		—			(5.07	)		(4.01	)		—
Total distributions		(0.43	)		(5.37	)		(4.45	)		—
Net asset value, end of period		$53.62			$49.02			$48.90			$54.15
Total return (%)3		10.30			13.65			(1.85	)		15.11	4
Ratios and supplemental data
Net assets, end of period (in millions)		$2,063			$2,218			$1,671			$1,152
Ratios (as a percentage of average net assets):
Expenses before reductions		0.67			0.67			0.67			0.68	5
Expenses including reductions		0.66			0.66			0.66			0.67	5
Net investment income		0.78			0.91			0.64			0.94	5
Portfolio turnover (%)		19			29	6		47	6		54	6,7

¹  The inception date for Class NAV shares is 2-8-17.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Not annualized.

⁵  Annualized.

⁶  Excludes in-kind transactions.

⁷  The portfolio turnover is shown for the period from 11-1-16 to 10-31-17.

23     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Notes to financial statements

Note 1 — Organization

John Hancock Fundamental Large Cap Core Fund (the fund) is a series of John Hancock Investment Trust (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective of the fund is to seek long-term capital appreciation.

The fund may offer multiple classes of shares. The shares currently outstanding are detailed in the Statement of assets and liabilities. Class A and Class C shares are offered to all investors. Class I shares are offered to institutions and certain investors. Class R2, Class R4 and Class R5 shares are available only to certain retirement and 529 plans. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class NAV shares are offered to John Hancock affiliated funds of funds, retirement plans for employees of John Hancock and/or Manulife Financial Corporation, and certain 529 plans. Class C shares convert to Class A shares ten years after purchase (certain exclusions may apply). Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.

Effective November 1, 2020, Class C shares convert to Class A shares eight years after purchase (certain exclusions may apply).

Note 2 — Significant accounting policies

The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of US GAAP.

Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the fund:

Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the fund’s Valuation Policies and Procedures.

In order to value the securities, the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds are valued at their respective NAVs each business day. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.

In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund’s Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the

ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     24

NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the fund’s Pricing Committee, following procedures established by the Board of Trustees. The fund uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets 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, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund’s own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the fund’s investments as of October 31, 2020, by major security category or type:

					Level 2		Level 3
	Total		Level 1		significant		significant
	value at		quoted		observable		unobservable
	10-31-20		price		inputs		inputs
Investments in securities:
Assets
Common stocks
Communication services		$933,232,956		$933,232,956		—		—
Consumer discretionary		843,824,803		843,824,803		—		—
Consumer staples		274,257,507		213,686,351		$60,571,156		—
Energy		241,635,151		241,635,151		—		—
Financials		741,475,973		741,475,973		—		—
Health care		356,717,713		356,717,713		—		—
Industrials		260,538,170		260,538,170		—		—
Information technology		858,699,457		858,699,457		—		—
Materials		39,027,863		39,027,863		—		—
Real estate		147,558,432		147,558,432		—		—
Short-term investments		19,620,579		19,620,579		—		—
Total investments in securities		$4,716,588,604		$4,656,017,448		$60,571,156		—

Real estate investment trusts. The fund may invest in real estate investment trusts (REITs). Distributions from REITs may be recorded as income and subsequently characterized by the REIT at the end of the fiscal year as a reduction of cost of investments and/or as a realized gain. As a result, the fund will estimate the components of distributions from these securities. Such estimates are revised when the actual components of the distributions are known.

25     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT

Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Interest income includes coupon interest and amortization/accretion of premiums/discounts on debt securities. Debt obligations may be placed in a non-accrual status and related interest income may be reduced by stopping current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful. Dividend income is recorded on the ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.

Foreign investing. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is reflected as a component of the realized and unrealized gains (losses) on investments. Foreign investments are subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.

Funds that invest internationally generally carry more risk than funds that invest strictly in U.S. securities. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors.

Foreign taxes. The fund may be subject to withholding tax on income, capital gains or repatriations imposed by certain countries, a portion of which may be recoverable. Foreign taxes are accrued based upon the fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued based on gains realized by the fund as a result of certain foreign security sales. In certain circumstances, estimated taxes are accrued based on unrealized appreciation of such securities. Investment income is recorded net of foreign withholding taxes.

Overdraft. The fund may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the fund’s custodian agreement, the custodian may loan money to the fund to make properly authorized payments. The fund is obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.

Line of credit. Effective June 25, 2020, the fund and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, the fund can borrow up to an aggregate commitment amount of $850 million, subject to asset coverage and other limitations as specified in the agreement. Each participating fund paid an upfront fee in connection with this line of credit agreement, which is charged based on a combination of fixed and asset-based allocations and amortized over 365 days. Prior to June 25, 2020, the fund and other affiliated funds had a similar agreement that enabled them to participate in a $750 million unsecured committed line of credit. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of the line of credit, is charged to each participating fund based on a combination of fixed and asset-based allocations and is reflected in Other expenses on the Statement of operations. For the year ended October 31, 2020, the fund had no borrowings under the line of credit. Commitment fees, including upfront fees, for the year ended October 31, 2020 were $20,330.

ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     26

Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund’s relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the fund level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.

Federal income taxes. The fund intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

For federal income tax purposes, as of October 31, 2020, the fund has a short-term capital loss carryforward of $88,430,781 and a long-term capital loss carryforward of $22,058,590 available to offset future net realized capital gains. These carryforwards do not expire.

As of October 31, 2020, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund’s federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.

Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The fund generally declares and pays dividends annually. Capital gain distributions, if any, are typically distributed annually.

The tax character of distributions for the years ended October 31, 2020 and 2019 was as follows:

	October 31, 2020		October 31, 2019
Ordinary income		$36,695,778		$54,800,927
Long-term capital gains		—		483,094,103
Total		$36,695,778		$537,895,030

Distributions paid by the fund with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class. As of October 31, 2020, the components of distributable earnings on a tax basis consisted of $22,541,112 of undistributed ordinary income.

Such distributions and distributable earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund’s financial statements as a return of capital.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to wash sale loss deferrals.

Note 3 — Guarantees and indemnifications

Under the Trust’s organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the fund. Additionally, in the normal course of business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.

27     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT

Note 4 — Fees and transactions with affiliates

John Hancock Investment Management LLC (the Advisor) serves as investment advisor for the fund. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the fund. The Advisor and the Distributor are indirect, principally owned subsidiaries of Manulife Financial Corporation.

Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a monthly management fee to the Advisor equivalent on an annual basis to the sum of: (a) 0.625% of the first $3 billion of the fund’s average daily net assets and (b) 0.600% of the fund’s average daily net assets in excess of $3 billion. The Advisor has a subadvisory agreement with Manulife Investment Management (US) LLC, an indirectly owned subsidiary of Manulife Financial Corporation and an affiliate of the Advisor. The fund is not responsible for payment of the subadvisory fees.

The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the year ended October 31, 2020, this waiver amounted to 0.01% of the fund’s average daily net assets. This arrangement expires on July 31, 2022, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

The Advisor has contractually agreed to waive and/or reimburse a portion of the operating expenses for Class B, Class C and Class I shares of the fund to the extent they exceed 1.82%,1.82% and 0.78%, respectively, of the average daily net assets attributable to each class. These waivers and/or reimbursements exclude taxes, brokerage commissions, interest expense, acquired fund fees and expenses paid indirectly, short dividend expense, litigation and indemnification expenses not incurred in the ordinary course of the fund’s business, borrowing costs, and prime brokerage fees. The waivers and/or reimbursements will continue in effect until February 28, 2021, unless renewed by mutual agreement of the fund and Advisor based upon determination of that this is appropriate under the circumstances at the time.

For the year ended October 31, 2020, the expense reductions described above amounted to the following:

Class	Expense reduction
Class A		$109,850
Class B		337
Class C		7,536
Class I		57,225
Class R1		388
Class R2		126

Class	Expense reduction
Class R3		$119
Class R4		101
Class R5		35
Class R6		28,038
Class NAV		150,547
Total		$354,302

Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.

The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended October 31, 2020, were equivalent to a net annual effective rate of 0.61% of the fund’s average daily net assets.

Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the year ended October 31, 2020, amounted to an annual rate of 0.02% of the fund’s average daily net assets.

ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     28

Distribution and service plans. The fund has a distribution agreement with the Distributor. The fund has adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the fund. In addition, under a service plan for certain classes as detailed below, the fund pays for certain other services. The fund may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the fund’s shares:

Class	Rule 12b-1 Fee			Service fee
Class A		0.25	%		—
Class B		1.00	%		—
Class C		1.00	%		—
Class R1		0.50	%		0.25	%
Class R2		0.25	%		0.25	%
Class R3		0.50	%		0.15	%
Class R4		0.25	%		0.10	%
Class R5		—			0.05	%

Class B, Class R1, and Class R3 were redesignated during the year. Refer to Note 5 for further details.

The fund’s Distributor has contractually agreed to waive 0.10% of Rule12b-1 fees for Class R4 shares. The current waiver agreement expires on February 28, 2021, unless renewed by mutual agreement of the fund and the Distributor based upon a determination that this is appropriate under the circumstances at the time. This contractual waiver amounted to $1,415 for Class R4 shares for the year ended October 31, 2020.

Sales charges. Class A shares are assessed up-front sales charges, which resulted in payments to the Distributor amounting to $700,348 for the year ended October 31, 2020. Of this amount, $115,463 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $584,885 was paid as sales commissions to broker-dealers.

Class A and Class C shares may be subject to contingent deferred sales charges (CDSCs). Certain Class A shares that are acquired through purchases of $1 million or more and are redeemed within one year of purchase are subject to a 1.00% sales charge. Class C shares that are redeemed within one year of purchase are subject to a

1.00% CDSC. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the Distributor for providing distribution-related services in connection with the sale of these shares. During the year ended October 31, 2020, CDSCs received by the Distributor amounted to $4,032 and $4,523 for Class A and Class C shares, respectively.

Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.

29     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT

Class level expenses. Class level expenses for the year ended October 31, 2020 were as follows:

Class	Distribution and service fees		Transfer agent fees
Class A		$3,853,166		$1,912,655
Class B		47,152		5,860
Class C		1,058,003		131,738
Class I		—		901,358
Class R1		38,845		699
Class R2		8,502		218
Class R3		9,919		217
Class R4		4,905		181
Class R5		240		63
Class R6		—		50,448
Total		$5,020,732		$3,003,437

Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to the fund based on its net assets relative to other funds within the John Hancock group of funds complex.

Note 5 — Fund share transactions

Transactions in fund shares for the years ended October 31, 2020 and 2019 were as follows:

	Year Ended 10-31-20						Year Ended 10-31-19
	Shares			Amount			Shares			Amount
Class A shares
Sold		2,831,061			$133,985,057			2,880,809			$124,503,972
Distributions reinvested		169,649			8,252,431			4,156,148			159,263,545
Repurchased		(5,837,431	)		(269,888,613	)		(6,105,918	)		(263,763,987	)
Net increase (decrease)		(2,836,721	)		$(127,651,125	)		931,039			$20,003,530
Class B shares
Sold		1,613			$53,483			8,617			$310,615
Distributions reinvested		—			—			44,534			1,493,241
Repurchased		(171,543	)		(7,461,712	)		(229,391	)		(8,600,688	)
Net decrease		(169,930	)		$(7,408,229	)		(176,240	)		$(6,796,832	)
Class C shares
Sold		161,433			$6,190,614			346,846			$12,426,846
Distributions reinvested		—			—			533,625			17,887,100
Repurchased		(1,403,067	)		(58,161,115	)		(2,186,761	)		(82,319,845	)
Net decrease		(1,241,634	)		$(51,970,501	)		(1,306,290	)		$(52,005,899	)

ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     30

	Year Ended 10-31-20						Year Ended 10-31-19
	Shares			Amount			Shares			Amount
Class I shares
Sold		2,698,348			$125,424,854			5,276,808			$236,100,966
Distributions reinvested		103,273			5,271,078			1,783,844			71,692,687
Repurchased		(7,867,529	)		(375,978,914	)		(7,658,620	)		(343,181,695	)
Net decrease		(5,065,908	)		$(245,282,982)			(597,968	)		$(35,388,042)
Class R1 shares
Sold		42,997			$2,117,756			32,949			$1,428,331
Distributions reinvested		147			7,374			12,656			501,180
Repurchased		(160,040	)		(8,620,923	)		(86,289	)		(3,952,728	)
Net decrease		(116,896	)		$(6,495,793)			(40,684	)		$(2,023,217)
Class R2 shares
Sold		115,053			$6,453,246			6,388			$282,209
Distributions reinvested		112			5,702			3,794			152,178
Repurchased		(12,379	)		(631,730	)		(12,712	)		(590,668	)
Net increase (decrease)		102,786			$5,827,218			(2,530	)		$(156,281)
Class R3 shares
Sold		2,878			$142,383			4,340			$196,401
Distributions reinvested		126			6,346			8,326			330,943
Repurchased		(53,549	)		(2,906,676	)		(27,411	)		(1,254,708	)
Net decrease		(50,545	)		$(2,757,947)			(14,745	)		$(727,364)
Class R4 shares
Sold		3,473			$168,412			2,468			$114,078
Distributions reinvested		165			8,395			3,507			140,309
Repurchased		(2,150	)		(108,629	)		(61,102	)		(2,832,169	)
Net increase (decrease)		1,488			$68,178			(55,127	)		$(2,577,782)
Class R5 shares
Sold		1,590			$82,405			1,314			$60,748
Distributions reinvested		78			3,983			1,213			48,849
Repurchased		(1,808	)		(89,246	)		(1,881	)		(85,099	)
Net increase (decrease)		(140	)		$(2,858)			646			$24,498
Class R6 shares
Sold		1,831,436			$91,863,847			1,638,116			$75,102,429
Distributions reinvested		64,964			3,322,886			1,509,503			60,802,785
Repurchased		(2,785,351	)		(141,278,426	)		(14,751,640	)		(692,851,752	)
Net decrease		(888,951	)		$(46,091,693	)		(11,604,021	)		$(556,946,538	)

31     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT

	Year Ended 10-31-20						Year Ended 10-31-19
	Shares			Amount			Shares			Amount
Class NAV shares
Sold		3,564,280			$160,182,393			12,849,653			$591,980,675	1
Distributions reinvested		361,183			18,467,276			4,914,063			197,840,192
Repurchased		(10,693,110	)		(538,450,587	)		(6,699,355	)		(311,028,400	)
Net increase (decrease)		(6,767,647	)		$(359,800,918	)		11,064,361			$478,792,467
Total net decrease		(17,034,098	)		$(841,566,650	)		(1,801,559	)		$(157,801,460	)

¹  Includes in-kind subscriptions of approximately $66.6 million by affiliates of the fund. The cost basis of the contributed securities is equal to the market value of the securities on the date of the subscription.

Affiliates of the fund owned 1% and 100% of shares of Class R6 and Class NAV, respectively, on October 31, 2020. Such concentration of shareholders’ capital could have a material effect on the fund if such shareholders redeem from the fund.

On June 25, 2020, the Board of Trustees approved redesignations of certain share classes. As a result of the redesignations, Class B, Class R1, and Class R3 were terminated, and shareholders in these classes became shareholders of the respective classes identified below, in each case with the same or lower total net expenses. The following amounts are included in the amount repurchased of the terminated classes and the amount sold of the redesignated classes.

Redesignation	Effective date	Amount
Class R3 shares as Class R2 shares	October 9, 2020	$1,230,959
Class B shares as Class A shares	October 14, 2020	$3,593,081
Class R1 shares as Class R2 shares	October 23, 2020	$4,358,310

Note 6 — Purchase and sale of securities

Purchases and sales of securities, other than short-term investments, amounted to $928,275,085 and $1,683,266,038, respectively, for the year ended October 31, 2020.

Note 7 — Investment by affiliated funds

Certain investors in the fund are affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the fund for the purpose of exercising management or control; however, this investment may represent a significant portion of the fund’s net assets. At October 31, 2020, funds within the John Hancock group of funds complex held 41.9% of the fund’s net assets. The following fund(s) had an affiliate ownership of 5% or more of the fund’s net assets:

Portfolio	Affiliated Concentration
John Hancock Funds II Multimanager Lifestyle Growth Portfolio		9.0	%
John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio		8.5	%
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio		6.4	%
John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio		5.5	%

Note 8 — Coronavirus (COVID-19) pandemic

The novel COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance.

ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     32

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of John Hancock Investment Trust and Shareholders of John Hancock Fundamental Large Cap Core Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the fund’s investments, of John Hancock Fundamental Large Cap Core Fund (one of the funds constituting John Hancock Investment Trust, referred to hereafter as the “Fund”) as of October 31, 2020, the related statement of operations for the year ended October 31, 2020, the statements of changes in net assets for each of the two years in the period ended October 31, 2020, including the related notes, and the financial highlights for each of the periods indicated therein (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2020, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2020 and the financial highlights for each of the periods indicated therein in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian and transfer agent. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 16, 2020

We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.

33     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT

Tax information (Unaudited)

For federal income tax purposes, the following information is furnished with respect to the distributions of the fund, if any, paid during its taxable year ended October 31, 2020.

The fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.

The fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

The fund reports the maximum amount allowable of its Section 199A dividends as defined in Proposed Treasury Regulation §1.199A-3(d).

Eligible shareholders will be mailed a 2020 Form 1099-DIV in early 2021. This will reflect the tax character of all distributions paid in calendar year 2020.

Please consult a tax advisor regarding the tax consequences of your investment in the fund.

ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     34

Continuation of Investment Advisory and Subadvisory Agreements

Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees

This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Investment Trust (the Trust) of the Advisory Agreement (the Advisory Agreement) with John Hancock Investment Management LLC (the Advisor) and the Subadvisory Agreement (the Subadvisory Agreement) with Manulife Investment Management (US) LLC (the Subadvisor) for John Hancock Fundamental Large Cap Core Fund (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 23-25, 2020 telephonic1 meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a telephonic meeting held on May 26-27, 2020.

Approval of Advisory and Subadvisory Agreements

At a telephonic meeting held on June 23-25, 2020, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees), reapproved for an annual period the continuation of the Advisory Agreement between the Trust and the Advisor and the Subadvisory Agreement between the Advisor and the Subadvisor with respect to the fund.

In considering the Advisory Agreement and the Subadvisory Agreement, the Board received in advance of the meetings a variety of materials relating to the fund, the Advisor and the Subadvisor, including comparative performance, fee and expense information for a peer group of similar funds prepared by an independent third-party provider of fund data, performance information for an applicable benchmark index; and, with respect to the Subadvisor, comparative performance information for comparably managed accounts, as applicable, and other information provided by the Advisor and the Subadvisor regarding the nature, extent and quality of services provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor’s revenues and costs of providing services to the fund and any compensation paid to affiliates of the Advisor. At the meetings at which the renewal of the Advisory Agreement and Subadvisory Agreement are considered, particular focus is given to information concerning fund performance, comparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisor is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to the fund, including quarterly performance reports prepared by management containing reviews of investment results and prior presentations from the Subadvisor with respect to the fund. The information received and considered by the Board in connection with the May and June meetings and throughout the year was both written and oral. The Board noted the affiliation of the Subadvisor with the Advisor, noting any potential conflicts of interest. The Board also considered the nature, quality, and extent of non-advisory services, if any, to be provided to the fund by the Advisor’s affiliates, including distribution services. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the fund.

¹On March 25, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pandemic, the Securities and Exchange Commission issued an exemptive order (the “Order”) pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the “1940 Act”), that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board’s May and June meetings were held telephonically in reliance on the Order.

35     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT

Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from their independent legal counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.

Approval of Advisory Agreement

In approving the Advisory Agreement with respect to the fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets, and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board’s conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board’s ongoing regular review of fund performance and operations throughout the year.

Nature, extent, and quality of services. Among the information received by the Board from the Advisor relating to the nature, extent, and quality of services provided to the fund, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor’s compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust’s Chief Compliance Officer (CCO) regarding the fund’s compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the fund’s compliance programs, risk management programs, liquidity management programs and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the fund, including, but not limited to, general supervision of and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and third-party service providers. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the fund including entrepreneurial risk in sponsoring new funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.

In considering the nature, extent, and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor’s management and the quality of the performance of the Advisor’s duties, through Board meetings, discussions and reports during the preceding year and through each Trustee’s experience as a Trustee of the Trust and of the other trusts in the John Hancock group of funds complex (the John Hancock Fund Complex).

In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:

(a) the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues;

(b) the background, qualifications and skills of the Advisor’s personnel;

(c) the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments;

ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     36

(d) the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund;

(e) the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund;

(f) the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and

(g) the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments.

The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the fund.

Investment performance. In considering the fund’s performance, the Board noted that it reviews at its regularly scheduled meetings information about the fund’s performance results. In connection with the consideration of the Advisory Agreement, the Board:

(a) reviewed information prepared by management regarding the fund’s performance;

(b) considered the comparative performance of an applicable benchmark index;

(c) considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and

(d) took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally.

The Board noted that while it found the data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on the end date selected and the results of the performance comparisons may vary depending on the selection of the peer group. The Board noted that the fund outperformed its benchmark index for the one-year period and underperformed its benchmark index for the three-, five- and ten-year periods ended December 31, 2019. The Board also noted that the fund outperformed the peer group median for the one- and five-year periods and underperformed the peer group median for the three- and ten-year periods ended December 31, 2019.The Board took into account management’s discussion of the fund’s performance, including the favorable performance relative to the benchmark index for the one-year period and to the peer group median for the one- and five-year periods. The Board concluded that the fund’s performance has generally been in line with or outperformed the historical performance of comparable funds.

Fees and expenses. The Board reviewed comparative information prepared by an independent third-party provider of fund data, including, among other data, the fund’s contractual and net management fees (and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the fund in light of the nature, extent and quality of the management and advisory and subadvisory services provided by the Advisor and the Subadvisor. The Board considered the fund’s ranking within a smaller group of peer funds chosen by the independent third-party provider, as well as the fund’s ranking within a broader group of funds. In comparing the fund’s contractual and net management fees to those of comparable funds, the Board noted that such fees include both advisory and administrative costs. The Board noted that net management fees for the fund are higher than the peer group median and net total expenses for the fund are lower than the peer group median.

37     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT

The Board took into account management’s discussion of the fund’s expenses. The Board also took into account management’s discussion with respect to the overall management fee and the fees of the Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fee, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor pays the subadvisory fee. In addition, the Board took into account that management had agreed to implement an overall fee waiver across the complex, including the fund, which is discussed further below. The Board also noted actions taken over the past several years to reduce the fund’s operating expenses. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to the fund and that the fund has breakpoints in its contractual management fee schedule that reduce management fees as assets increase. The Board also noted that the fund’s distributor, an affiliate of the Advisor, has agreed to waive a portion of its Rule 12b-1 fee for a share class of the fund. The Board noted that the fund has a voluntary fee waiver and/or expense reimbursement, which reduces certain expenses of the fund. The Board reviewed information provided by the Advisor concerning the investment advisory fee charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the John Hancock Fund Complex) having similar investment mandates, if any. The Board considered any differences between the Advisor’s and Subadvisor’s services to the fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fee paid with respect to the fund is reasonable in light of the nature, extent and quality of the services provided to the fund under the Advisory Agreement.

Profitability/Fall out benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates (including the Subadvisor) from the Advisor’s relationship with the Trust, the Board:

(a) reviewed financial information of the Advisor;

(b) reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund;

(c) received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund;

(d) received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies;

(e) considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board;

(f) considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement;

(g) noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund;

(h) noted that the fund’s Subadvisor is an affiliate of the Advisor;

(i) noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund;

(j) noted that the subadvisory fee for the fund is paid by the Advisor;

ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     38

(k) considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and

(l) considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk.

Based upon its review, the Board concluded that the level of profitability, if any, of the Advisor and its affiliates (including the Subadvisor) from their relationship with the fund was reasonable and not excessive.

Economies of scale. In considering the extent to which economies of scale would be realized as the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders, the Board:

(a) considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund;

(b) reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and

(c) the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale.

Approval of Subadvisory Agreement

In making its determination with respect to approval of the Subadvisory Agreement, the Board reviewed:

(1) information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex);

(2) the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; and

(3) the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data.

Nature, extent, and quality of services. With respect to the services provided by the Subadvisor, the Board received information provided to the Board by the Subadvisor, including the Subadvisor’s Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor’s current level of staffing and its overall resources, as well as received information relating to the Subadvisor’s compensation program. The Board reviewed the Subadvisor’s history and investment experience, as well as information regarding the qualifications, background, and responsibilities of the Subadvisor’s investment and compliance personnel who provide services to the fund. The Board also considered, among other things, the Subadvisor’s compliance program and any disciplinary history. The Board also considered the Subadvisor’s risk assessment and monitoring process. The Board reviewed the Subadvisor’s regulatory history, including whether it was involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as

39     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT

appropriate. The Board noted that the Advisor conducts regular, periodic reviews of the Subadvisor and its operations, including regarding investment processes and organizational and staffing matters. The Board also noted that the Trust’s CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.

The Board considered the Subadvisor’s investment process and philosophy. The Board took into account that the Subadvisor’s responsibilities include the development and maintenance of an investment program for the fund that is consistent with the fund’s investment objective, the selection of investment securities and the placement of orders for the purchase and sale of such securities, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to the Subadvisor’s brokerage policies and practices, including with respect to best execution and soft dollars.

Subadvisor compensation. In considering the cost of services to be provided by the Subadvisor and the profitability to the Subadvisor of its relationship with the fund, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the fund. The Board also received information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.

In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor’s relationship with the fund, such as the opportunity to provide advisory services to additional funds in the John Hancock Fund Complex and reputational benefits.

Subadvisory fees. The Board considered that the fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. As noted above, the Board also considered the fund’s subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the fund as included in the report prepared by the independent third party provider of fund data, to the extent available. The Board noted that the limited size of the Lipper peer group was not sufficient for comparative purposes. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the fund and compared them to fees charged by the Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.

Subadvisor performance. As noted above, the Board considered the fund’s performance as compared to the fund’s peer group and the benchmark index and noted that the Board reviews information about the fund’s performance results at its regularly scheduled meetings. The Board noted the Advisor’s expertise and resources in monitoring the performance, investment style and risk-adjusted performance of the Subadvisor. The Board was mindful of the Advisor’s focus on the Subadvisor’s performance. The Board also noted the Subadvisor’s long-term performance record for similar accounts, as applicable.

The Board’s decision to approve the Subadvisory Agreement was based on a number of determinations, including the following:

(1) the Subadvisor has extensive experience and demonstrated skills as a manager;

(2) the performance of the fund has generally been in line with or outperformed the historical performance of comparable funds;

(3) the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and

(4) noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows.

ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     40

*  *  *

Based on the Board’s evaluation of all factors that the Board deemed to be material, including those factors described above, the Board, including the Independent Trustees, concluded that renewal of the Advisory Agreement and the Subadvisory Agreement would be in the best interest of the fund and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement for an additional one-year period.

41     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT

Trustees and Officers

This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the fund and execute policies formulated by the Trustees.

Independent Trustees
Name, year of birth	Trustee of the Trust since1	Number of John Hancock funds overseen by Trustee
Position(s) held with Trust
Principal occupation(s) and other
directorships during past 5 years

Hassell H. McClellan, Born: 1945 2012 196

Trustee and Chairperson of the Board

Director/Trustee, Virtus Funds (since 2008); Director, The Barnes Group (since 2010); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex.

Charles L. Bardelis,² Born: 1941 2012 196

Trustee

Director, Island Commuter Corp. (marine transport). Trustee, John Hancock Collateral Trust (since 2014), Trustee of various trusts within the John Hancock Fund Complex (since 1988).

James R. Boyle, Born: 1959 2015 196

Trustee

Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).

Peter S. Burgess,² Born: 1942 2012 196

Trustee

Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (since 2004); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005).

William H. Cunningham, Born: 1944 1986 196

Trustee

Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986).

Grace K. Fey, Born: 1946 2012 196

Trustee

Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     42

Independent Trustees (continued)
Name, year of birth	Trustee	Number of John
Position(s) held with Trust	of the	Hancock funds
Principal occupation(s) and other	Trust	overseen by
directorships during past 5 years	since1	Trustee

Deborah C. Jackson, Born: 1952 2008 196

Trustee

President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Massachusetts Women’s Forum (since 2018); Board of Directors, National Association of Corporate Directors/New England (since 2015); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

James M. Oates,² Born: 1946 2012 196

Trustee

Managing Director, Wydown Group (financial consulting firm) (since 1994); Chairman and Director, Emerson Investment Management, Inc. (2000-2015); Independent Chairman, Hudson Castle Group, Inc. (formerly IBEX Capital Markets, Inc.) (financial services company) (1997–2011); Director, Stifel Financial (since 1996); Director, Investor Financial Services Corporation (1995–2007); Director, Connecticut River Bancorp (1998-2014); Director/Trustee, Virtus Funds (since 1988). Trustee (since 2004) and Chairperson of the Board (2005-2016) of various trusts within the John Hancock Fund Complex.

Steven R. Pruchansky, Born: 1944 1994 196

Trustee and Vice Chairperson of the Board

Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (since 2014); Director and President, Greenscapes of Southwest Florida, Inc. (2000-2014); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex.

Frances G. Rathke,^2,* Born: 1960 2020 196

Trustee

Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020).

43     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT

Independent Trustees (continued)
Name, year of birth	Trustee of the Trust since1	Number of John Hancock funds overseen by Trustee
Position(s) held with Trust
Principal occupation(s) and other
directorships during past 5 years

Gregory A. Russo, Born: 1949 2009 196

Trustee

Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer,Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

Non-Independent Trustees3
Name, year of birth	Trustee	Number of John
Position(s) held with Trust	of the	Hancock funds
Principal occupation(s) and other	Trust	overseen by
directorships during past 5 years	since1	Trustee

Andrew G. Arnott, Born: 1971 2017 196

President and Non-Independent Trustee

Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Executive Vice President, John Hancock Financial Services (since 2009, including prior positions); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).

Marianne Harrison, Born: 1963 2018 196

Non-Independent Trustee

President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors,MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018).

ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     44

Principal officers who are not Trustees
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Officer of the Trust since

Charles A. Rizzo, Born: 1957 2007

Chief Financial Officer

Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007).

Salvatore Schiavone, Born: 1965 2010

Treasurer

Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions).

Christopher (Kit) Sechler, Born: 1973 2018

Chief Legal Officer and Secretary

Vice President and Deputy Chief Counsel, John Hancock Investments (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investments; Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2018); Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009).

Trevor Swanberg, Born: 1979 2020

Chief Compliance Officer

Chief Compliance Officer, various trusts within the John Hancock Fund Complex, John Hancock Investment Management LLC, and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2018–2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2016–2018); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016).

The business address for all Trustees and Officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023.

The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-5291.

1 Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table.

2 Member of the Audit Committee.

3 The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

* Appointed as Independent Trustee effective as of September 15, 2020.

45     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     |     ANNUAL REPORT

More information

Trustees	Investment advisor
Hassell H. McClellan, Chairperson	John Hancock Investment Management LLC
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†	Subadvisor
Charles L. Bardelis*	Manulife Investment Management (US) LLC
James R. Boyle
Peter S. Burgess*	Portfolio Managers
William H. Cunningham	Emory W. (Sandy) Sanders, Jr., CFA
Grace K. Fey	Jonathan T. White, CFA
Marianne Harrison†
Deborah C. Jackson	Principal distributor
James M. Oates*	John Hancock Investment Management
Frances G. Rathke1,*	Distributors LLC
Gregory A. Russo
	Custodian
Officers	Citibank, N.A.
Andrew G. Arnott
President	Transfer agent
Charles A. Rizzo	John Hancock Signature Services, Inc.
Chief Financial Officer
Salvatore Schiavone	Legal counsel
Treasurer	K&L Gates LLP
Christopher (Kit) Sechler
Secretary and Chief Legal Officer	Independent registered public accounting firm
Trevor Swanberg2	PricewaterhouseCoopers LLP
Chief Compliance Officer

* Member of the Audit Committee

^† Non-Independent Trustee

¹ Appointed as Independent Trustee effective as of

  September 15, 2020

² Effective July 31, 2020

The fund’s proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.

All of the fund’s holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The fund’s Form N-PORT filings are available on our website and the SEC’s website, sec.gov.

We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.

You can also contact us:
800-225-5291	Regular mail:	Express mail:
jhinvestments.com	John Hancock Signature Services, Inc.	John Hancock Signature Services, Inc.
	P.O. Box 219909	430 W 7th Street
	Kansas City, MO 64121-9909	Suite 219909
		Kansas City, MO 64105-1407

ANNUAL REPORT      |     JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND     46

Protect yourself by using eDelivery

Signing up for the electronic delivery of your statements and other financial publications is a great way to help protect your privacy. eDelivery provides you with secure, instant access to all of your statements in one convenient location.

BENEFITS OF EDELIVERY
∎	Added security: Password protection helps you safely retrieve documents online
∎	Save time: Receive instant email notification once statements are available
∎	Reduce clutter: View documents online to reduce the amount of paper for filing, shredding, or recycling
SIGN UP FOR EDELIVERY TODAY!

Direct shareholders

If you receive statements directly through John Hancock Investment Management and would like to participate in eDelivery, go to jhinvestments.com/login. To log in to your account, click on the “Log in” button on the page’s top right corner. In the “Access your investments account” area, go to the “Individual retirement or mutual fund account” section and select the option that applies to you. Please be aware that you may be required to provide your account number and certain personal account information.

You may revoke your consent at any time by simply visiting jhinvestments.com/login and following the instructions above. You may also revoke consent by calling 800-225-5291 or by writing to us at the following address: John Hancock Signature Services, P.O. Box 219909, Kansas City, MO 64121-9909. We reserve the right to deliver documents to you on paper at any time should the need arise.

Brokerage account shareholders

If you receive statements directly from your bank or broker and would like to participate in eDelivery, go to icsdelivery/live or contact your financial representative.

Not part of the shareholder report

Get your questions answered by using our shareholder resources

ONLINE
∎	Visit jhinvestments.com to access a range of resources for individual investors, from account details and fund information to forms and our latest insight on the markets and economy.
∎	Use our Fund Compare tool to compare thousands of funds and ETFs across dozens of risk and performance metrics—all powered by Morningstar.
∎	Visit our online Tax Center, where you’ll find helpful taxpayer resources all year long, including tax forms, planning guides, and other fund-specific information.
∎	Follow us on Facebook, Twitter, and LinkedIn to get the latest updates on the markets and what’s trending now.
BY PHONE
Call our customer service representatives at 800-225-5291, Monday to Thursday, 8:00 A.M. to 7:00 P.M., and Friday, 8:00 A.M. to 6:00 P.M., Eastern time. We’re here to help!

Not part of the shareholder report

John Hancock family of funds

DOMESTIC EQUITY FUNDS

Blue Chip Growth

Classic Value

Disciplined Value

Disciplined Value Mid Cap

Equity Income

Financial Industries

Fundamental All Cap Core

Fundamental Large Cap Core

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

GLOBAL AND INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

INCOME FUNDS

Bond

California Tax-Free Income

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Short Duration Bond

Short Duration Credit Opportunities

Strategic Income Opportunities

Tax-Free Bond

ALTERNATIVE AND SPECIALTY FUNDS

Absolute Return Currency

Alternative Asset Allocation

Alternative Risk Premia

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

A fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investment Management at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.

ASSET ALLOCATION

Balanced

Multi-Asset High Income

Multi-Index Lifetime Portfolios

Multi-Index Preservation Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

Retirement Income 2040

EXCHANGE-TRADED FUNDS

John Hancock Multifactor Consumer Discretionary ETF

John Hancock Multifactor Consumer Staples ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Energy ETF

John Hancock Multifactor Financials ETF

John Hancock Multifactor Healthcare ETF

John Hancock Multifactor Industrials ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Materials ETF

John Hancock Multifactor Media and

Communications ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Multifactor Technology ETF

John Hancock Multifactor Utilities ETF

ENVIRONMENTAL, SOCIAL, AND

GOVERNANCE FUNDS

ESG All Cap Core

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Financial Opportunities

Hedged Equity & Income

Income Securities Trust

Investors Trust

Preferred Income

Preferred Income II

Preferred Income III

Premium Dividend

Tax-Advantaged Dividend Income

Tax-Advantaged Global Shareholder Yield

John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC or Dimensional Fund Advisors LP.

Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.

John Hancock Investment Management

A trusted brand

John Hancock Investment Management is a premier asset manager with a heritage of financial stewardship dating back to 1862. Helping our shareholders pursue their financial goals is at the core of everything we do. It’s why we support the role of professional financial advice and operate with the highest standards of conduct and integrity.

A better way to invest

We serve investors globally through a unique multimanager approach: We search the world to find proven portfolio teams with specialized expertise for every strategy we offer, then we apply robust investment oversight to ensure they continue to meet our uncompromising standards and serve the best interests of our shareholders.

Results for investors

Our unique approach to asset management enables us to provide a diverse set of investments backed by some of the world’s best managers, along with strong risk-adjusted returns across asset classes.

John Hancock Investment Management Distributors LLC ∎ Member FINRA, SIPC

200 Berkeley Street ∎ Boston, MA 02116-5010 ∎ 800-225-5291 ∎ jhinvestments.com

This report is for the information of the shareholders of John Hancock Fundamental Large Cap Core Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

MF1399343		50A 10/20
	12/2020

Dear shareholders,

Despite heightened fears over the coronavirus (COVID-19), which sent markets tumbling in the first quarter of the calendar year, global financial markets delivered positive returns for the 12 months ended October 31, 2020. The governments of many nations worked to shore up their economies, and equity markets began to rise from their first-quarter sell-off; this comeback gathered momentum for the remainder of the period.

Of course, it would be a mistake to consider this market turnaround a trustworthy signal of assured or swift economic recovery. Economic growth has slowed as the ongoing spread of COVID-19 continues to create uncertainty among businesses and investors. Lockdowns and curfews in certain parts of the world have been reinstated and consumer spending remains far below prepandemic levels.

From an investment perspective, we continue to think that maintaining a focus on long-term objectives while pursuing a risk-aware strategy is a prudent way forward. Above all, we believe the counsel of a trusted financial professional continues to matter now more than ever. Periods of heightened uncertainty are precisely the time to review your financial goals and follow a plan that helps you make the most of what continues to be a challenging situation.

On behalf of everyone at John Hancock Investment Management, I’d like to take this opportunity to welcome new shareholders and thank existing shareholders for the continued trust you’ve placed in us.

Sincerely,

Andrew G. Arnott

President and CEO,

John Hancock Investment Management

Head of Wealth and Asset Management,

United States and Europe

This commentary reflects the CEO’s views as of this report’s period end and are subject to change at any time. Diversification does not guarantee investment returns and does not eliminate risk of loss. All investments entail risks, including the possible loss of principal. For more up-to-date information, you can visit our website at jhinvestments.com.

John Hancock

Seaport Long/Short Fund

Table of contents
	2	Your fund at a glance
	5	Manager’s discussion of fund performance
	7	A look at performance
	9	Your expenses
	11	Fund’s investments
	113	Financial statements
	117	Financial highlights
	122	Notes to financial statements
	136	Report of independent registered public accounting firm
	137	Tax information
	138	Continuation of investment advisory and subadvisory agreements
	145	Trustees and Officers
	149	More information

1     JOHN HANCOCK SEAPORT LONG/SHORT FUND |     ANNUAL REPORT

Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks capital appreciation.

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2020 (%)

The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

The fund’s Morningstar category average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on their historical portfolio holdings. Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower. Since inception returns for the Morningstar fund category average are not available.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Performance of the other share classes will vary based on the difference in the fees and expenses of those classes. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and can be found at jhinvestments.com or by calling 800-225-5291. For further information on the fund’s objectives, risks, and strategy, see the fund’s prospectus.

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     2

PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

Global equities delivered positive returns

After plunging in the first calendar quarter of 2020, stocks staged an impressive rebound on the strength of substantial fiscal and monetary stimulus.

The fund outpaced the MSCI World Index

The fund’s strategy cushioned the impact of the sell-off in February and March 2020, leading to outperformance for the full period.

The fund’s long positions were the primary driver of performance in the rising market

Its short positions, while adding value in the downturn, finished with a negative return for the full period.

PORTFOLIO COMPOSITION AS OF 10/31/2020 (% of net assets)
Common stocks	59.2
Health care	14.8
Financials	13.4
Information technology	10.8
Consumer discretionary	5.6
Communication services	4.7
Industrials	4.5
Utilities	2.2
Real estate	1.3
Energy	1.2
Materials	0.6
Consumer staples	0.1
Preferred securities	0.6
Purchased options	0.6
Convertible bonds	0.1
Short-term investments and other	39.5
TOTAL	100.0

3     JOHN HANCOCK SEAPORT LONG/SHORT FUND |     ANNUAL REPORT

A note about risks

The fund may be subject to various risks as described in the fund’s prospectus. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance. For example, the novel coronavirus disease (COVID-19) has resulted in significant disruptions to global business activity. The impact of a health crisis and other epidemics and pandemics that may arise in the future, could affect the global economy in ways that cannot necessarily be foreseen at the present time. A health crisis may exacerbate other pre-existing political, social, and economic risks. Any such impact could adversely affect the fund’s performance, resulting in losses to your investment. For more information, please refer to the “Principal risks” section of the prospectus.

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     4

Manager’s discussion of fund performance

Can you describe the market environment during the 12 months ended October 31, 2020?

Although the fund’s benchmark, the MSCI World Index, posted a narrow gain for the period, stocks were in fact quite volatile. After performing well in the span from November to mid-February, the global equity markets fell sharply in reaction to the spread of COVID-19 and the associated downturn in economic growth. Stocks regained their footing in late March following significant stimulus from global governments and central banks, and the rally carried through the end of the period as investors gained a better understanding about the effects of the coronavirus.

Equities traded lower in September and October amid concerns about rising COVID-19 cases and uncertainty surrounding the U.S. elections, but the index nonetheless finished the reporting period in positive territory.

What aspects of the fund’s positioning helped and hurt relative performance?

The fund is a diversified long/short equity portfolio that combines five distinct strategies: healthcare (targeted at 23% of assets as of period end), diversified equity (22%), capital cycles (20%), financials (19%), and technology (16%).

The fund’s outperformance was largely the result of its strong relative showing in the sell-off of February and March of 2020. While the fund lost ground in this time,

TOP 10 HOLDINGS AS OF 10/31/2020 (% of net assets)		COUNTRY COMPOSITION AS OF 10/31/2020 (% of net assets)
Intact Financial Corp.	1.4	United States	73.1
Baidu, Inc., ADR	0.9	China	5.1
Workday, Inc., Class A	0.9	Canada	2.5
Alibaba Group Holding, Ltd., ADR	0.8	United Kingdom	2.4
Tencent Holdings, Ltd.	0.7	India	2.0
Power Grid Corp. of India, Ltd.	0.7	France	1.9
ServiceNow, Inc.	0.7	Hong Kong	1.8
Engie SA	0.7	Japan	1.6
Danaher Corp.	0.7	Bermuda	1.1
Alphabet, Inc., Class C	0.6	Taiwan	1.1
TOTAL	8.1	Other countries	7.4
		TOTAL	100.0
Cash and cash equivalents are not included.

5     JOHN HANCOCK SEAPORT LONG/SHORT FUND |     ANNUAL REPORT

  its decline was far below that of the broader market due to the positive return for its short positions. As of period end, the fund’s beta (sensitivity to movements of the index) for the trailing five-year period was 0.48, less than half of the volatility of the broader market. Its standard deviation (another measure of volatility) was also less than the index, limiting volatility and downside risk.   MANAGED BY                                                    The Seaport Long/Short Fund is managed by a team of portfolio managers at Wellington Management.  

The fund’s long portfolio gained approximately 22.4% during the period, while its short positions returned a loss of 14.2%. Within the long portfolio, Forty Seven, Inc., Alibaba Group Holding, Ltd., and Amazon.com, Inc. were among the leading individual contributors. Renesas Electronics Corp., American Express Company, and Kasikornbank PCL were notable detractors. We sold the fund’s holdings in Forty Seven prior to period end.

Can you tell us about a recent manager change and an upcoming manager change?

Effective July 1, 2020, Portfolio Manager John F. Averill left the management team. Effective July 1, 2021, Portfolio Manager Jean M. Hynes, CFA, will be leaving the management team and Rebecca D. Sykes, CFA, will be joining the team.

The views expressed in this report are exclusively those of Wellington Management Company LLP, and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the fund for the entire period. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk.

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     6

A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2020
Average annual total returns (%) with maximum sales charge				Cumulative total returns (%) with maximum sales charge
	1-year	5-year	Since inception (12-20-13)	5-year	Since inception (12-20-13)
Class A	0.84	2.95	3.32	15.66	25.10
Class C1	4.33	3.28	3.40	17.53	25.85
Class I2	6.57	4.34	4.43	23.66	34.67
Class R62	6.62	4.44	4.56	24.27	35.83
Class NAV2	6.64	4.46	4.58	24.40	35.97
Index†	4.36	8.13	7.23	47.80	61.49

Performance figures assume all distributions have been reinvested. Figures reflect maximum sales charges on Class A shares of 5.00% and the applicable contingent deferred sales charge (CDSC) on Class C shares. Class C shares sold within one year of purchase are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R6, and Class NAV shares.

The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the fund and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until July 31, 2022 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:

	Class A	Class C	Class I	Class R6	Class NAV
Gross (%)	1.98	2.68	1.68	1.57	1.56
Net (%)	1.97	2.67	1.67	1.56	1.55

Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.

The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the fund’s website at jhinvestments.com.

The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The fund’s performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.

^†  Index is the MSCI World Index.

See the following page for footnotes.

7     JOHN HANCOCK SEAPORT LONG/SHORT FUND |     ANNUAL REPORT

This chart and table show what happened to a hypothetical $10,000 investment in John Hancock Seaport Long/Short Fund for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in the MSCI World Index.

	Start date		With maximum sales charge ($)		Without sales charge ($)		Index ($)
Class C1,3		12-20-13		12,585		12,585		16,149
Class I2		12-20-13		13,467		13,467		16,149
Class R62		12-20-13		13,583		13,583		16,149
Class NAV2		12-20-13		13,597		13,597		16,149

The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

Footnotes related to performance pages

¹  Class C shares were first offered on 5-16-14. Returns prior to this date are those of Class A shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.

²  For certain types of investors, as described in the fund’s prospectuses.

³  The contingent deferred sales charge is not applicable.

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     8

Your expenses

These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds.

Understanding fund expenses

As a shareholder of the fund, you incur two types of costs:

∎ Transaction costs, which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc.

∎ Ongoing operating expenses, including management fees, distribution and service fees (if applicable), and other fund expenses.

We are presenting only your ongoing operating expenses here.

Actual expenses/actual returns

The first line of each share class in the table on the following page is intended to provide information about the fund’s actual ongoing operating expenses, and is based on the fund’s actual return. It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020.

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at October 31, 2020, by $1,000.00, then multiply it by the “expenses paid” for your share class from the table. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

Hypothetical example for comparison purposes

The second line of each share class in the table on the following page allows you to compare the fund’s ongoing operating expenses with those of any other fund. It provides an example of the fund’s hypothetical account values and hypothetical expenses based on each class’s actual expense ratio and an assumed 5% annualized return before expenses (which is not the class’s actual return).It assumes an account value of $1,000.00 on May 1,2020, with the same investment held until October 31, 2020. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

9     JOHN HANCOCK SEAPORT LONG/SHORT FUND |     ANNUAL REPORT

Remember, these examples do not include any transaction costs, therefore, these examples will not help you to determine the relative total costs of owning different funds. If transaction costs were included, your expenses would have been higher. See the prospectuses for details regarding transaction costs.

SHAREHOLDER EXPENSE EXAMPLE CHART

		Account value on 5-1-2020		Ending value on 10-31-2020		Expenses paid during period ended 10-31-20201		Annualized expense ratio
Class A	Actual expenses/actual returns		$1,000.00		$1,066.20		$10.39		2.00%
	Hypothetical example		1,000.00		1,015.10		10.13		2.00%
Class C	Actual expenses/actual returns		1,000.00		1,062.90		14.00		2.70%
	Hypothetical example		1,000.00		1,011.60		13.65		2.70%
Class I	Actual expenses/actual returns		1,000.00		1,068.50		8.84		1.70%
	Hypothetical example		1,000.00		1,016.60		8.62		1.70%
Class R6	Actual expenses/actual returns		1,000.00		1,067.90		8.26		1.59%
	Hypothetical example		1,000.00		1,017.10		8.06		1.59%
Class NAV	Actual expenses/actual returns		1,000.00		1,068.80		8.16		1.57%
	Hypothetical example		1,000.00		1,017.20		7.96		1.57%

¹  Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period).

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     10

Fund’s investments

AS OF 10-31-20
	Shares		Value
Common stocks 59.2%				$431,915,964
(Cost $376,656,099)
Communication services 4.7%				34,408,809
Diversified telecommunication services 0.6%
Cellnex Telecom SA (A)(B)		5,150		330,583
China Unicom Hong Kong, Ltd.		4,658,753		2,871,606
Helios Towers PLC (B)		423,507		883,717
Entertainment 0.2%
Electronic Arts, Inc. (B)		3,230		387,051
Netflix, Inc. (B)		3,064		1,457,667
Interactive media and services 3.5%
Alphabet, Inc., Class A (B)		1,219		1,970,038
Alphabet, Inc., Class C (B)		2,629		4,261,635
Baidu, Inc., ADR (B)		51,669		6,874,560
Facebook, Inc., Class A (B)		1,289		339,149
Match Group, Inc. (B)		23,712		2,769,087
Snap, Inc., Class A (B)		67,515		2,659,416
Tencent Holdings, Ltd.		71,480		5,461,473
Twitter, Inc. (B)		35,044		1,449,420
Media 0.4%
Cardlytics, Inc. (B)		14,505		1,070,759
Charter Communications, Inc., Class A (B)		2,657		1,604,350
Wireless telecommunication services 0.0%
T-Mobile US, Inc. (B)		167		18,298
Consumer discretionary 5.6%				40,960,563
Automobiles 0.3%
Geely Automobile Holdings, Ltd.		6,991		14,366
Great Wall Motor Company, Ltd., H Shares		9,969		16,141
Guangzhou Automobile Group Company, Ltd., H Shares		1,525,370		1,568,207
XPeng, Inc., ADR (B)		35,115		680,529
Diversified consumer services 0.7%
Chegg, Inc. (B)		49,301		3,620,665
Hope Education Group Company, Ltd. (A)		6,051,387		1,426,602
Hotels, restaurants and leisure 0.5%
Bloomberry Resorts Corp.		521,016		76,191
DraftKings, Inc., Class A (B)		2,911		103,049
McDonald’s Corp.		5,318		1,132,734
Penn National Gaming, Inc. (B)		24,513		1,323,212
Sands China, Ltd.		258,349		906,702
Wynn Macau, Ltd. (B)		19,733		27,264

11     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Shares		Value
Consumer discretionary (continued)
Household durables 0.8%
Cavco Industries, Inc. (B)		9,621	$	1,656,159
Haier Electronics Group Company, Ltd.		349,401		1,331,996
Kaufman & Broad SA		14,828		528,421
Lennar Corp., A Shares		2,818		197,908
Skyline Champion Corp. (B)		93,330		2,393,915
Internet and direct marketing retail 1.4%
Alibaba Group Holding, Ltd., ADR (B)		20,110		6,127,316
Amazon.com, Inc. (B)		250		759,038
Booking Holdings, Inc. (B)		804		1,304,490
MercadoLibre, Inc. (B)		1,777		2,157,367
Leisure products 0.7%
Bandai Namco Holdings, Inc.		21,653		1,618,232
BRP, Inc.		27,452		1,482,734
Polaris, Inc.		5,253		477,288
Sturm Ruger & Company, Inc.		18,073		1,208,361
Multiline retail 0.3%
Dollarama, Inc.		50,651		1,744,253
Ollie’s Bargain Outlet Holdings, Inc. (B)		8,190		713,267
Specialty retail 0.7%
Five Below, Inc. (B)		7,330		977,382
Floor & Decor Holdings, Inc., Class A (B)		18,931		1,381,963
The TJX Companies, Inc.		47,191		2,397,303
Textiles, apparel and luxury goods 0.2%
Wolverine World Wide, Inc.		60,274		1,607,508
Consumer staples 0.1%				817,842
Beverages 0.1%
Constellation Brands, Inc., Class A		4,411		728,830
Food products 0.0%
Archer-Daniels-Midland Company		1,925		89,012
Energy 1.2%				8,512,626
Energy equipment and services 0.1%
Cactus, Inc., Class A		26,239		446,063
China Oilfield Services, Ltd., H Shares		20,000		12,078
Oil, gas and consumable fuels 1.1%
ARC Resources, Ltd.		197,887		974,359
CNOOC, Ltd.		15,500		14,182
NAC Kazatomprom JSC, GDR		77,067		1,094,559
Royal Dutch Shell PLC, A Shares		58,527		745,914
Suncor Energy, Inc. (C)		57,185		645,619
Targa Resources Corp. (C)		95,282		1,529,276

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     12

	Shares		Value
Energy (continued)
Oil, gas and consumable fuels (continued)
TOTAL SE		42,357		$1,283,278
Viper Energy Partners LP		120,586		845,308
Whiting Petroleum Corp. (B)(C)		63,150		921,990
Financials 13.4%				97,771,204
Banks 3.8%
Australia & New Zealand Banking Group, Ltd.		77,263		1,025,329
Axis Bank, Ltd. (B)		272,391		1,800,079
Banc of California, Inc.		3,499		41,988
Bank of America Corp.		52,661		1,248,066
BAWAG Group AG (A)		8,284		303,182
Citizens Financial Group, Inc.		99,189		2,702,900
Credicorp, Ltd.		10,381		1,190,493
DNB ASA		9,293		125,500
Halyk Savings Bank of Kazakhstan JSC, GDR (B)		4,456		44,471
Heritage Commerce Corp.		49,166		356,454
ICICI Bank, Ltd. (B)		691,265		3,644,415
Itau Unibanco Holding SA, ADR		188,797		772,180
Kasikornbank PCL		987,100		2,377,301
KB Financial Group, Inc.		731		26,148
Kotak Mahindra Bank, Ltd. (B)		86,599		1,804,391
Lloyds Banking Group PLC (B)		3,034,828		1,105,001
Nova Ljubljanska Banka DD, GDR (A)(B)		66,671		500,832
Popular, Inc.		7,884		332,705
Shinhan Financial Group Company, Ltd.		57,477		1,559,481
Shinsei Bank, Ltd.		111,700		1,343,923
South State Corp.		9,257		568,380
Standard Chartered PLC (B)		254,830		1,164,523
Triumph Bancorp, Inc. (B)		300		12,639
Unicaja Banco SA (A)(B)		1,205,658		772,011
Western Alliance Bancorp		26,065		1,073,878
Wintrust Financial Corp.		11,187		550,736
Zions Bancorp NA		30,151		972,973
Capital markets 2.1%
Ares Management Corp., Class A		62,211		2,631,525
Artisan Partners Asset Management, Inc., Class A		25,698		1,029,462
BowX Acquisition Corp. (B)		292,795		2,922,094
Churchill Capital Corp. IV (B)		244,610		2,402,070
Edelweiss Financial Services, Ltd. (B)		175,223		132,283
Hamilton Lane, Inc., Class A		1,200		83,640
Intermediate Capital Group PLC		120,986		1,837,695
LPL Financial Holdings, Inc.		10,526		841,343
Sanne Group PLC		90,043		707,572

13     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Shares		Value
Financials (continued)
Capital markets (continued)
Solar Capital, Ltd.		40,216		$636,217
StepStone Group, Inc., Class A (B)		6,200		159,402
The Blackstone Group, Inc., Class A		13,686		690,048
The Charles Schwab Corp.		23,668		972,991
Consumer finance 0.4%
American Express Company		7,178		654,921
Cembra Money Bank AG		544		60,440
OneMain Holdings, Inc.		25,578		892,416
Provident Financial PLC (B)		145,747		438,892
SLM Corp.		132,024		1,213,301
Diversified financial services 1.2%
Cerved Group SpA (B)		113,234		801,219
Cohn Robbins Holdings Corp. (B)		75,324		751,734
Equitable Holdings, Inc.		135,853		2,919,481
FirstRand, Ltd.		144,026		334,331
FTAC Olympus Acquisition Corp. (B)		148,445		1,472,574
Ribbit LEAP, Ltd. (B)		93,789		1,140,005
Voya Financial, Inc.		25,049		1,200,599
Insurance 5.0%
AIA Group, Ltd.		445,359		4,238,559
Assurant, Inc.		27,604		3,433,109
Assured Guaranty, Ltd.		3,668		93,644
Athene Holding, Ltd., Class A (B)		72,359		2,321,277
AUB Group, Ltd.		98,934		1,159,670
AXA SA		73,512		1,180,551
Beazley PLC		878,940		3,350,758
Enstar Group, Ltd. (B)(C)		8,477		1,456,942
Intact Financial Corp.		97,735		10,095,535
Kemper Corp.		8,035		495,438
ProSight Global, Inc. (B)		2,703		31,976
Prudential PLC		10,037		122,757
RenaissanceRe Holdings, Ltd.		17,804		2,879,263
Stewart Information Services Corp.		2,925		123,991
Talanx AG		17,396		512,854
The Hartford Financial Services Group, Inc.		29,958		1,153,982
Third Point Reinsurance, Ltd. (B)		8,441		65,671
Tokio Marine Holdings, Inc.		30,100		1,345,311
Trupanion, Inc. (B)		37,807		2,704,713
Mortgage real estate investment trusts 0.1%
AGNC Investment Corp.		62,403		871,770
Thrifts and mortgage finance 0.8%
Essent Group, Ltd. (C)		44,599		1,777,270

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     14

	Shares		Value
Financials (continued)
Thrifts and mortgage finance (continued)
Housing Development Finance Corp., Ltd.		73,711		$1,909,767
MGIC Investment Corp.		8,693		87,452
NMI Holdings, Inc., Class A (B)		93,658		2,012,710
Health care 14.8%				108,248,163
Biotechnology 6.8%
Acceleron Pharma, Inc. (B)		22,102		2,311,427
Agios Pharmaceuticals, Inc. (B)		3,193		127,944
Akero Therapeutics, Inc. (B)		44,780		1,188,909
Aligos Therapeutics, Inc. (B)		49,735		743,041
Alkermes PLC (B)		16,387		266,289
Alnylam Pharmaceuticals, Inc. (B)		476		58,534
ALX Oncology Holdings, Inc. (B)		2,925		115,567
Amgen, Inc.		439		95,237
Amicus Therapeutics, Inc. (B)		4,040		72,033
Apellis Pharmaceuticals, Inc. (B)		16,869		538,121
Arena Pharmaceuticals, Inc. (B)		13,147		1,126,961
Argenx SE, ADR (B)		7,348		1,823,259
Ascendis Pharma A/S, ADR (B)		8,510		1,390,109
Assembly Biosciences, Inc. (B)		18,880		278,291
Atreca, Inc., Class A (B)		20,297		271,168
BeiGene, Ltd., ADR (B)		9,169		2,718,792
Biohaven Pharmaceutical Holding Company, Ltd. (B)		521		40,357
BioNTech SE, ADR (B)		1,140		97,310
Black Diamond Therapeutics, Inc. (B)		5,084		160,197
Bluebird Bio, Inc. (B)		14,266		737,695
Blueprint Medicines Corp. (B)		2,047		209,367
Clementia Pharmaceuticals, Inc. (B)(D)		9,185		0
Coherus Biosciences, Inc. (B)		40,205		670,217
Constellation Pharmaceuticals, Inc. (B)		43,607		855,569
CStone Pharmaceuticals (A)(B)		68,408		100,438
Cytokinetics, Inc. (B)		7,088		108,943
Dyne Therapeutics, Inc. (B)		70,010		1,447,807
Everest Medicines, Ltd. (A)(B)		3,900		29,153
Exact Sciences Corp. (B)		19,115		2,367,010
Forma Therapeutics Holdings, Inc. (B)		6,687		288,343
G1 Therapeutics, Inc. (B)		66,078		726,197
Galapagos NV (B)		3,935		459,951
Generation Bio Company (B)		6,373		164,678
Genmab A/S (B)		2,831		945,624
Genus PLC		2,653		140,993
Global Blood Therapeutics, Inc. (B)		2,762		146,055
GlycoMimetics, Inc. (B)		78,363		219,416

15     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Shares		Value
Health care (continued)
Biotechnology (continued)
ImmunoGen, Inc. (B)		312,899		$1,764,750
Incyte Corp. (B)		1,602		138,797
Ironwood Pharmaceuticals, Inc. (B)		97,740		965,671
JW Cayman Therapeutics Company, Ltd. (A)(B)(D)		52,900		162,402
Kodiak Sciences, Inc. (B)(C)		27,899		2,533,508
Kymera Therapeutics, Inc. (B)		11,597		417,376
Legend Biotech Corp., ADR (B)		3,761		97,297
Madrigal Pharmaceuticals, Inc. (B)		921		117,197
Mersana Therapeutics, Inc. (B)		67,056		1,208,349
Mirati Therapeutics, Inc. (B)		12,018		2,609,589
Myovant Sciences, Ltd. (B)		51,253		707,291
NextCure, Inc. (B)		21,899		211,544
Nurix Therapeutics, Inc. (B)		88,604		2,240,795
Orchard Therapeutics PLC, ADR (B)		56,949		230,074
Oyster Point Pharma, Inc. (B)		46,782		927,687
PMV Pharmaceuticals, Inc. (B)		64,700		2,267,735
Prothena Corp. PLC (B)		900		9,819
Radius Health, Inc. (B)		1,804		24,192
Regeneron Pharmaceuticals, Inc. (B)		3,910		2,125,320
Relay Therapeutics, Inc. (B)		3,030		111,928
REVOLUTION Medicines, Inc. (B)		2,301		69,467
Rhythm Pharmaceuticals, Inc. (B)		47,347		1,002,336
Rigel Pharmaceuticals, Inc. (B)		70,113		173,880
Sarepta Therapeutics, Inc. (B)		9,848		1,338,442
Seagen, Inc. (B)		1,440		240,192
Syndax Pharmaceuticals, Inc. (B)		82,058		1,428,630
Twist Bioscience Corp. (B)		2,448		187,615
UroGen Pharma, Ltd. (B)		13,784		310,416
Vaxcyte, Inc. (B)		17,503		654,087
Veracyte, Inc. (B)		1,332		46,167
Vertex Pharmaceuticals, Inc. (B)		310		64,592
Zai Lab, Ltd., ADR (B)		20,105		1,649,615
Zealand Pharma A/S, ADR (B)		10,079		340,771
Health care equipment and supplies 2.6%
Baxter International, Inc.		21,465		1,665,040
Becton, Dickinson and Company		832		192,300
Boston Scientific Corp. (B)		4,733		162,200
ConvaTec Group PLC (A)		282,569		661,475
Danaher Corp.		20,940		4,806,568
DexCom, Inc. (B)		1,214		387,970
Edwards Lifesciences Corp. (B)(C)		23,270		1,668,226
IDEXX Laboratories, Inc. (B)		175		74,344
Insulet Corp. (B)		12,208		2,713,228

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     16

	Shares		Value
Health care (continued)
Health care equipment and supplies (continued)
Integra LifeSciences Holdings Corp. (B)		941		$41,498
Intuitive Surgical, Inc. (B)		59		39,358
Koninklijke Philips NV (B)		2,273		105,278
Lifetech Scientific Corp. (B)		825,589		210,409
Masimo Corp. (B)		3,272		732,339
NuVasive, Inc. (B)		921		40,920
Smith & Nephew PLC		2,605		45,234
STERIS PLC		3,908		692,459
Tandem Diabetes Care, Inc. (B)		36,293		3,955,937
Teleflex, Inc.		3,113		990,650
Health care providers and services 0.6%
Acadia Healthcare Company, Inc. (B)		3,195		113,902
Anthem, Inc.		389		106,119
Centene Corp. (B)		26,490		1,565,559
China National Accord Medicines Corp., Ltd., Class A		2,519		18,733
Encompass Health Corp.		6,795		416,601
Fresenius SE & Company KGaA		1,074		39,838
HCA Healthcare, Inc.		314		38,917
Humana, Inc.		472		188,460
Laboratory Corp. of America Holdings (B)		208		41,552
Molina Healthcare, Inc. (B)		612		114,120
Notre Dame Intermedica Participacoes SA		65,800		753,989
Owens & Minor, Inc.		32,900		826,448
Quest Diagnostics, Inc.		321		39,207
UnitedHealth Group, Inc.		860		262,420
Health care technology 0.0%
Allscripts Healthcare Solutions, Inc. (B)		5,093		51,337
Life sciences tools and services 1.2%
Agilent Technologies, Inc.		16,201		1,653,960
Berkeley Lights, Inc. (B)		400		29,028
Bio-Techne Corp.		2,824		712,806
ICON PLC (B)		1,480		266,844
NanoString Technologies, Inc. (B)		5,500		201,575
PPD, Inc. (B)		44,211		1,453,658
PRA Health Sciences, Inc. (B)		4,891		476,579
Repligen Corp. (B)		5,000		832,850
Tecan Group AG		2,861		1,357,626
WuXi AppTec Company, Ltd., H Shares (A)		52,633		841,512
Wuxi Biologics Cayman, Inc. (A)(B)		32,101		901,515
Pharmaceuticals 3.6%
Aerie Pharmaceuticals, Inc. (B)		4,469		47,416
Amneal Pharmaceuticals, Inc. (B)		42,170		175,427

17     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Shares		Value
Health care (continued)
Pharmaceuticals (continued)
Astellas Pharma, Inc.		52,901		$725,428
AstraZeneca PLC		34,837		3,497,825
Bristol-Myers Squibb Company		2,330		136,189
China Traditional Chinese Medicine Holdings Company, Ltd.		49,171		19,649
Daiichi Sankyo Company, Ltd.		3,427		90,451
Eisai Company, Ltd.		43,457		3,378,935
Elanco Animal Health, Inc. (B)		15,792		489,710
Eli Lilly & Company (C)		18,731		2,443,646
Harmony Biosciences Holdings, Inc. (B)		1,340		52,126
Hikma Pharmaceuticals PLC		20,129		654,463
Hutchison China MediTech, Ltd., ADR (B)		27,722		816,136
Kronos Bio, Inc. (B)		500		14,045
Laboratorios Farmaceuticos Rovi SA (B)		24,742		882,420
Mylan NV (B)		60,992		886,824
Novartis AG		6,302		491,068
Odonate Therapeutics, Inc. (B)		79,900		1,151,359
Ono Pharmaceutical Company, Ltd.		78,457		2,238,002
Pfizer, Inc.		20,753		736,316
Reata Pharmaceuticals, Inc., Class A (B)		6,923		807,983
Revance Therapeutics, Inc. (B)		37,435		968,818
Roche Holding AG		8,643		2,777,267
Royalty Pharma PLC, Class A		32,608		1,196,714
Theravance Biopharma, Inc. (B)		38,045		719,431
Tricida, Inc. (B)		43,864		246,954
UCB SA		6,224		614,754
WaVe Life Sciences, Ltd. (B)		11,271		79,686
Industrials 4.5%				32,758,092
Aerospace and defense 0.4%
BWX Technologies, Inc.		48,299		2,656,928
Building products 0.5%
Advanced Drainage Systems, Inc.		34,601		2,194,741
Trane Technologies PLC		13,418		1,781,240
Commercial services and supplies 0.8%
Babcock International Group PLC		610,352		1,719,414
Clean Harbors, Inc. (B)(C)		3,826		202,663
Copart, Inc. (B)		21,433		2,365,346
Serco Group PLC (B)		917,314		1,533,184
Tetra Tech, Inc.		2,362		238,349
Construction and engineering 0.2%
China Machinery Engineering Corp., H Shares		5,983,926		1,152,404

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     18

	Shares		Value
Industrials (continued)
Electrical equipment 0.2%
Schneider Electric SE		13,264		$1,611,661
Industrial conglomerates 0.0%
Fosun International, Ltd.		20,618		24,897
Machinery 0.4%
Fortive Corp.		18,069		1,113,050
Ingersoll Rand, Inc. (B)		25,016		874,059
ITT, Inc.		11,197		677,530
Rexnord Corp.		5,056		162,196
The Japan Steel Works, Ltd.		1,130		24,158
Marine 0.3%
Irish Continental Group PLC		548,433		2,014,354
Professional services 0.8%
CoStar Group, Inc. (B)		2,852		2,348,936
Experian PLC		31,102		1,139,387
TransUnion		2,679		213,409
TriNet Group, Inc. (B)		32,545		2,243,001
Road and rail 0.1%
ALD SA (A)		48,133		518,437
CJ Logistics Corp. (B)		138		19,477
Trading companies and distributors 0.5%
AerCap Holdings NV (B)		14,325		355,690
Brenntag AG		30,444		1,945,870
Triton International, Ltd.		36,456		1,344,497
Transportation infrastructure 0.3%
Aena SME SA (A)(B)		10,949		1,475,222
Aeroports de Paris		216		21,137
China Merchants Port Holdings Company, Ltd.		16,627		17,674
Flughafen Zurich AG (B)		115		15,520
Grupo Aeroportuario del Sureste SAB de CV, B Shares (B)		984		11,416
Malaysia Airports Holdings BHD		28,165		28,354
Shenzhen Airport Company, Ltd., Class A		597,674		713,891
Information technology 10.8%				78,878,608
Communications equipment 0.1%
Accton Technology Corp.		123,000		893,631
Electronic equipment, instruments and components 0.8%
Chroma ATE, Inc.		328,251		1,563,963
FIH Mobile, Ltd. (B)		129,849		14,271
Hon Hai Precision Industry Company, Ltd.		632,572		1,715,618
II-VI, Inc. (B)		14,773		671,728
Wuxi Lead Intelligent Equipment Company, Ltd., Class A		191,900		1,722,167

19     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Shares		Value
Information technology (continued)
IT services 3.6%
BASE, Inc. (B)		1,300		$139,342
Cognizant Technology Solutions Corp., Class A		11,775		840,971
Edenred		22,994		1,071,841
Fidelity National Information Services, Inc.		6,059		754,891
FleetCor Technologies, Inc. (B)		5,580		1,232,678
Genpact, Ltd.		27,879		958,201
Global Payments, Inc.		16,413		2,588,987
GMO Financial Gate, Inc. (B)		800		138,878
GMO Payment Gateway, Inc.		1,300		159,287
GoDaddy, Inc., Class A (B)		42,122		2,979,710
Leidos Holdings, Inc.		3,658		303,614
LiveRamp Holdings, Inc. (B)		18,955		1,252,736
Network International Holdings PLC (A)(B)		177,442		509,153
Nexi SpA (A)(B)		243,499		3,748,448
Repay Holdings Corp. (B)		115,438		2,600,818
Science Applications International Corp. (C)		30,625		2,338,831
Square, Inc., Class A (B)		13,254		2,052,780
StoneCo, Ltd., Class A (B)		13,300		698,782
Tyro Payments, Ltd. (B)		5,443		14,231
VeriSign, Inc. (B)		3,592		684,994
Worldline SA (A)(B)		11,476		849,987
Semiconductors and semiconductor equipment 1.5%
ASM Pacific Technology, Ltd.		65,922		664,778
First Solar, Inc. (B)		11,978		1,042,625
Marvell Technology Group, Ltd.		61,713		2,314,855
MediaTek, Inc.		149,734		3,559,216
Micron Technology, Inc. (B)		4,495		226,278
Renesas Electronics Corp. (B)		2,014		16,625
SK Hynix, Inc.		21,141		1,499,803
Tower Semiconductor, Ltd. (B)		84,323		1,779,215
Software 4.8%
2U, Inc. (B)		18,200		670,670
Adobe, Inc. (B)		5,078		2,270,374
Atlassian Corp. PLC, Class A (B)		229		43,881
Avalara, Inc. (B)		20,574		3,066,555
Ceridian HCM Holding, Inc. (B)		29,089		2,508,054
Freee KK (B)		3,800		297,345
Guidewire Software, Inc. (B)		4,533		435,667
HubSpot, Inc. (B)		10,265		2,977,569
Intuit, Inc.		5,295		1,666,231
Microsoft Corp.		5,780		1,170,277
Ming Yuan Cloud Group Holdings, Ltd. (B)		14,700		62,763

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     20

	Shares		Value
Information technology (continued)
Software (continued)
Q2 Holdings, Inc. (B)		10,737		$979,644
Rapid7, Inc. (B)		31,942		1,978,168
salesforce.com, Inc. (B)		5,279		1,226,153
ServiceNow, Inc. (B)		10,701		5,324,497
Splunk, Inc. (B)		16,821		3,331,231
Venustech Group, Inc., Class A		197,277		912,641
Workday, Inc., Class A (B)		30,012		6,306,121
Zscaler, Inc. (B)		345		46,834
Materials 0.6%				4,282,822
Construction materials 0.0%
LafargeHolcim, Ltd. (B)		314		13,477
Metals and mining 0.6%
Barrick Gold Corp.		68,052		1,819,030
Fresnillo PLC		43,103		650,101
Turquoise Hill Resources, Ltd. (B)		229,327		1,800,214
Real estate 1.3%				9,280,860
Equity real estate investment trusts 0.8%
Alexandria Real Estate Equities, Inc.		8,663		1,312,618
American Tower Corp.		525		120,566
Gaming and Leisure Properties, Inc.		15,800		574,330
Medical Properties Trust, Inc.		134,573		2,398,090
VICI Properties, Inc.		46,400		1,064,880
Real estate management and development 0.5%
BR Properties SA		8,070		12,194
CK Asset Holdings, Ltd.		203,081		943,005
Deutsche Wohnen SE		32,951		1,663,133
New World Development Company, Ltd.		246,427		1,176,538
Prestige Estates Projects, Ltd.		4,593		15,506
Utilities 2.2%				15,996,375
Electric utilities 0.7%
Power Grid Corp. of India, Ltd.		2,329,050		5,404,373
Gas utilities 0.3%
Rubis SCA		62,838		2,066,101
Independent power and renewable electricity producers 0.5%
China Yangtze Power Company, Ltd., Class A		359,600		1,020,152
China Yangtze Power Company, Ltd., GDR (A)(B)(D)		95,543		2,550,998
Multi-utilities 0.7%
Engie SA (B)		409,668		4,954,751

21     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Shares		Value
Preferred securities 0.6%				$4,303,225
(Cost $3,815,425)
Financials 0.0%				55,293
Capital markets 0.0%
Ares Management Corp., 7.000%		2,125		55,293
Information technology 0.3%				2,058,715
IT services 0.3%
Sabre Corp., 6.500%		21,607		2,058,715
Materials 0.3%				2,189,217
Metals and mining 0.3%
ArcelorMittal SA, 5.500%		63,108		2,189,217
	Contracts/Notional amount		Value
Purchased options 0.6%				$4,433,852
(Cost $10,123,178)
Calls 0.3%				1,883,495
Exchange Traded Option on Amazon.com, Inc. (Expiration Date: 11-20-20; Strike Price: $3,400.00; Notional Amount: 1,100) (B)		11		31,873
Exchange Traded Option on American Express Company (Expiration Date: 1-15-21; Strike Price: $110.00; Notional Amount: 59,900) (B)		599		62,596
Exchange Traded Option on JPMorgan Chase & Co. (Expiration Date: 11-20-20; Strike Price: $105.00; Notional Amount: 55,400) (B)		554		66,203
Exchange Traded Option on VanEck Vectors Gold Miners ETF (Expiration Date: 3-19-21; Strike Price: $52.00; Notional Amount: 329,800) (B)		3,298		189,635
Over the Counter Option on CNOOC, Ltd. (Expiration Date: 12-30-20; Strike Price: HKD 9.14; Counterparty: Goldman Sachs International) (B)(E)		221,673		1,280
Over the Counter Option on EURO STOXX Banks Index (Expiration Date: 12-17-21; Strike Price: EUR 120.00; Counterparty: JPMorgan Chase Bank, N.A.) (B)(E)		467,369		27,705
Over the Counter Option on EURO STOXX Banks Index (Expiration Date: 12-18-20; Strike Price: EUR 110.06; Counterparty: Goldman Sachs International) (B)(E)		25,161		5

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     22

	Contracts/Notional amount		Value
Calls (continued)
Over the Counter Option on EURO STOXX Banks Index (Expiration Date: 12-18-20; Strike Price: EUR 70.00; Counterparty: Goldman Sachs & Company LLC) (B)(E)		96,528		$18,378
Over the Counter Option on EURO STOXX Banks Index (Expiration Date: 3-19-21; Strike Price: EUR 62.50; Counterparty: Goldman Sachs International) (B)(E)		42,500		98,236
Over the Counter Option on EURO STOXX Banks Index (Expiration Date: 6-18-21; Strike Price: EUR 114.85; Counterparty: Goldman Sachs International) (B)(E)		25,161		401
Over the Counter Option on EURO STOXX Banks Index (Expiration Date: 6-18-21; Strike Price: EUR 120.64; Counterparty: Goldman Sachs International) (B)(E)		129,114		1,287
Over the Counter Option on FANUC Corp. (Expiration Date: 1-21-21; Strike Price: JPY 25,554.00; Counterparty: JPMorgan Chase Bank, N.A.) (B)(E)		1,349		1,590
Over the Counter Option on FTSE China A50 Index (Expiration Date: 6-29-21; Strike Price: HKD 20.00; Counterparty: Citibank, N.A.) (B)(E)		3,200,000		121,429
Over the Counter Option on FTSE China A50 Index (Expiration Date: 6-29-21; Strike Price: HKD 20.00; Counterparty: Morgan Stanley & Company International PLC) (B)(E)		6,280,000		238,304
Over the Counter Option on Hon Hai Precision Industry Company, Ltd. (Expiration Date: 11-18-20; Strike Price: TWD 87.34; Counterparty: Goldman Sachs International) (B)(E)		51,107		33
Over the Counter Option on Hon Hai Precision Industry Company, Ltd. (Expiration Date: 12-16-20; Strike Price: TWD 100.80; Counterparty: JPMorgan Chase Bank, N.A.) (B)(E)		2,538,042		124
Over the Counter Option on Hon Hai Precision Industry Company, Ltd. (Expiration Date: 12-29-20; Strike Price: TWD 100.80; Counterparty: Morgan Stanley & Company International PLC) (B)(E)		53,603		11

23     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Contracts/Notional amount		Value
Calls (continued)
Over the Counter Option on Hon Hai Precision Industry Company, Ltd. (Expiration Date: 12-29-20; Strike Price: TWD 100.80; Counterparty: Morgan Stanley & Company International PLC) (B)(E)	4,246,441		$847
Over the Counter Option on HSBC Holdings PLC (Expiration Date: 3-19-21; Strike Price: GBP 3.82; Counterparty: JPMorgan Chase Bank, N.A.) (B)(E)	366,229		30,988
Over the Counter Option on Keyence Corp. (Expiration Date: 11-13-20; Strike Price: JPY 54,944.13; Counterparty: JPMorgan Chase Bank, N.A) (B)(E)	543		3
Over the Counter Option on Keyence Corp. (Expiration Date: 12-11-20; Strike Price: JPY 57,333.00; Counterparty: JPMorgan Chase Bank, N.A) (B)(E)	543		90
Over the Counter Option on Mitsubishi Electric Corp. (Expiration Date: 1-15-21; Strike Price: JPY 1,587.70; Counterparty: JPMorgan Chase Bank, N.A.) (B)(E)	15,758		283
Over the Counter Option on Nikkei 225 Index (Expiration Date: 1-7-21; Strike Price: JPY 24,811.84; Counterparty: Morgan Stanley & Company International PLC) (B)(E)	37,018		62,671
Over the Counter Option on Rohm Company, Ltd. (Expiration Date: 11-25-20; Strike Price: JPY 8,495.37; Counterparty: JPMorgan Chase Bank, N.A.) (B)(E)	3,242		2,157
Over the Counter Option on Russell 2000 Index vs. Nasdaq 100 Index (Expiration Date: 12-16-22; Strike Price: 5.000%; Counterparty: Goldman Sachs International) (B)(D)(E)	10,088,762		161,420
Over the Counter Option on Russell 2000 Index vs. Nasdaq 100 Index (Expiration Date: 12-16-22; Strike Price: 5.000%; Counterparty: Morgan Stanley & Company International PLC) (B)(E)	16,245,901		183,335
Over the Counter Option on Samsung Electronics Company, Ltd. (Expiration Date: 11-11-20; Strike Price: KRW 64,460.00; Counterparty: JPMorgan Chase Bank, N.A.) (B)(E)	1,940		3
Over the Counter Option on Samsung Electronics Company, Ltd. (Expiration Date: 12-11-20; Strike Price: KRW 70,320.00; Counterparty: JPMorgan Chase Bank, N.A.) (B)(E)	3,076		32

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     24

Contracts/Notional amount		Value
Calls (continued)
Over the Counter Option on Standard Chartered PLC (Expiration Date: 3-19-21; Strike Price: GBP 4.52; Counterparty: JPMorgan Chase Bank, N.A.) (B)(E)	307,708	$	21,563
Over the Counter Option on STOXX Europe 600 Oil & Gas Index (Expiration Date: 6-18-21; Strike Price: EUR 206.47; Counterparty: JPMorgan Chase Bank, N.A) (B)(E)	39,279		204,961
Over the Counter Option on STOXX Europe 600 Oil & Gas Index (Expiration Date: 6-18-21; Strike Price: EUR 210.00; Counterparty: Morgan Stanley & Company International PLC) (B)(E)	27,327		131,341
Over the Counter Option on the AUD vs. JPY (Expiration Date: 10-21-21; Strike Price: AUD 93.00; Counterparty: HSBC Bank PLC) (B)(E)	1,270,000		23,712
Over the Counter Option on the USD vs. CNY (Expiration Date: 1-21-21; Strike Price: $7.17; Counterparty: Goldman Sachs International) (B)(E)	4,074,000		8,975
Over the Counter Option on the USD vs. CNY (Expiration Date: 1-21-21; Strike Price: $7.17; Counterparty: Morgan Stanley & Company International PLC) (B)(E)	13,932,000		30,692
Over the Counter Option on the USD vs. CNY (Expiration Date: 1-21-21; Strike Price: $7.17; Counterparty: Morgan Stanley & Company International PLC) (B)(E)	10,576,000		23,426
Over the Counter Option on the USD vs. JPY (Expiration Date: 9-23-21; Strike Price: $114.00; Counterparty: Goldman Sachs & Company LLC) (B)(E)	20,020,323		54,455
Over the Counter Option on TOPIX Banks Index (Expiration Date: 11-30-20; Strike Price: JPY 134.54; Counterparty: JPMorgan Chase Bank, N.A.) (B)(E)	2,487,646		70
Over the Counter Option on TOPIX Banks Index (Expiration Date: 11-30-20; Strike Price: JPY 134.68; Counterparty: JPMorgan Chase Bank, N.A.) (B)(E)	205,301		5
Over the Counter Option on TOPIX Banks Index (Expiration Date: 1-19-21; Strike Price: JPY 126.30; Counterparty: JPMorgan Chase Bank, N.A.) (B)(E)	2,168,535		18,647
Over the Counter Option on TOPIX Banks Index (Expiration Date: 1-19-21; Strike Price: JPY 128.01; Counterparty: JPMorgan Chase Bank, N.A.) (B)(E)	1,427,330		9,328

25     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Contracts/Notional amount		Value
Calls (continued)
Over the Counter Option on TOPIX Banks Index (Expiration Date: 12-1-20; Strike Price: JPY 132.19; Counterparty: JPMorgan Chase Bank, N.A.) (B)(E)	689,960		$74
Over the Counter Option on Total SE (Expiration Date: 3-19-21; Strike Price: EUR 36.00; Counterparty: Morgan Stanley & Company International PLC) (B)(E)	364,095		32,191
Over the Counter Option on Volkswagen AG (Expiration Date: 12-18-20; Strike Price: EUR 163.97; Counterparty: JPMorgan Chase Bank, N.A.) (B)(E)	96,141		17,059
Over the Counter Option on Volkswagen AG (Expiration Date: 12-18-20; Strike Price: EUR 164.00; Counterparty: Goldman Sachs International) (B)(E)	34,449		6,077
Puts 0.3%			2,550,357
Exchange Traded Option on CBOE Volatility Index (Expiration Date: 12-16-20; Strike Price: $22.00; Notional Amount: 281,400) (B)	2,814		154,770
Exchange Traded Option on CBOE Volatility Index (Expiration Date: 12-16-20; Strike Price: $23.00; Notional Amount: 117,000) (B)	1,170		93,600
Exchange Traded Option on iShares Expanded Tech-Software Sector ETF (Expiration Date: 1-15-21; Strike Price: $275.00; Notional Amount: 27,400) (B)	274		272,630
Exchange Traded Option on iShares iBoxx $ High Yield Corporate Bond ETF (Expiration Date: 11-20-20; Strike Price: $82.00; Notional Amount: 2,300) (B)	23		1,863
Exchange Traded Option on iShares iBoxx $ High Yield Corporate Bond ETF (Expiration Date: 12-18-20; Strike Price: $82.00; Notional Amount: 303,900) (B)	3,039		417,863
Exchange Traded Option on iShares MSCI EAFE ETF (Expiration Date: 1-15-21; Strike Price: $63.00; Notional Amount: 10,000) (B)	100		37,500
Exchange Traded Option on iShares Russell 2000 ETF (Expiration Date: 11-20-20; Strike Price: $143.00; Notional Amount: 95,500) (B)	955		256,895
Exchange Traded Option on iShares Russell 2000 ETF (Expiration Date: 1-15-21; Strike Price: $148.00; Notional Amount: 16,700) (B)	167		130,427

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     26

	Contracts/Notional amount						Value
Puts (continued)
Exchange Traded Option on SPDR S&P Biotech ETF (Expiration Date: 12-18-20; Strike Price: $110.00; Notional Amount: 117,400) (B)						1,174	$	657,440
Exchange Traded Option on VanEck Vectors Semiconductor ETF (Expiration Date: 1-15-21; Strike Price: $160.00; Notional Amount: 56,800) (B)						568		363,520
Over the Counter Option on 10 Year Interest Rate Swap. Receive a floating rate based on 3-month LIBOR and pay a fixed rate of 1.200% (Expiration Date: 4-23-21; Strike Rate: 1.200%; Counterparty: BNP Paribas) (B)(E)						16,275,000		144,442
Over the Counter Option on Hong Kong Hang Seng Index (Expiration Date: 11-27-20; Strike Price: HKD 23,445.52; Counterparty: JPMorgan Chase Bank, N.A) (B)(E)						52		2,791
Over the Counter Option on Hong Kong Hang Seng Index (Expiration Date: 11-27-20; Strike Price: HKD 23,939.11; Counterparty: JPMorgan Chase Bank, N.A) (B)(E)						70		5,318
Over the Counter Option on Hong Kong Hang Seng Index (Expiration Date: 12-30-20; Strike Price: HKD 21,343.74; Counterparty: JPMorgan Chase Bank, N.A) (B)(E)						55		1,667
Over the Counter Option on Hong Kong Hang Seng Index (Expiration Date: 12-30-20; Strike Price: HKD 21,826.50; Counterparty: Morgan Stanley & Company International PLC) (B)(E)						37		1,418
Over the Counter Option on KOSPI 200 Index (Expiration Date: 12-10-20; Strike Price: KRW 299.64; Counterparty: JPMorgan Chase Bank, N.A.) (B)(E)						934,175		8,213
	Rate (%)		Maturity date		Par value^		Value
Convertible bonds 0.1%							$	579,736
(Cost $733,000)
Energy 0.1%								579,736
Energy equipment and services 0.1%
Helix Energy Solutions Group, Inc.		6.750		02-15-26		733,000		579,736

27     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Yield* (%)		Maturity date			Par value^		Value
Short-term investments 39.9%							$	291,073,953
(Cost $291,068,473)
U.S. Government 27.5%								200,336,373
U.S. Cash Management Bill (C)	0.098		01-05-21			4,180,000		4,179,331
U.S. Cash Management Bill	0.098		03-02-21			1,395,000		1,394,535
U.S. Cash Management Bill	0.108		02-23-21			400,000		399,881
U.S. Cash Management Bill	0.112		03-16-21			750,000		749,740
U.S. Cash Management Bill	0.115		01-26-21			125,000		124,959
U.S. Cash Management Bill (C)	0.120		01-19-21			7,405,000		7,403,636
U.S. Treasury Bill (C)	0.088		11-24-20			19,755,000		19,753,974
U.S. Treasury Bill	0.099		12-08-20			1,260,000		1,259,887
U.S. Treasury Bill (C)	0.100		12-03-20			3,955,000		3,954,702
U.S. Treasury Bill	0.100		02-25-21			4,405,000		4,403,522
U.S. Treasury Bill (C)	0.103		12-01-20			27,020,000		27,018,150
U.S. Treasury Bill	0.103		02-04-21			220,000		219,943
U.S. Treasury Bill	0.105		11-10-20			19,421,000		19,420,720
U.S. Treasury Bill	0.105		02-18-21			5,720,000		5,718,370
U.S. Treasury Bill	0.107		04-08-21			10,000		9,996
U.S. Treasury Bill (C)	0.110		12-10-20			15,175,000		15,173,578
U.S. Treasury Bill	0.110		12-17-20			1,275,000		1,274,857
U.S. Treasury Bill (C)	0.110		12-24-20			17,138,000		17,135,772
U.S. Treasury Bill	0.113		12-22-20			1,995,000		1,994,751
U.S. Treasury Bill	0.119		09-09-21			1,160,000		1,158,811
U.S. Treasury Bill (C)	0.120		11-19-20			34,412,000		34,410,659
U.S. Treasury Bill (C)	0.130		12-31-20			5,155,000		5,154,218
U.S. Treasury Bill (C)	0.135		12-29-20			9,970,000		9,968,540
U.S. Treasury Bill (C)	0.145		11-12-20			12,345,000		12,344,743
U.S. Treasury Bill (C)	0.148		12-15-20			3,505,000		3,504,618
U.S. Treasury Bill (C)	0.405		01-28-21			2,205,000		2,204,480
		Yield (%)			Shares		Value
Short-term funds 12.4%								90,737,580
State Street Institutional U.S. Government Money Market Fund, Premier Class			0.0257	(F)		90,737,580		90,737,580
Total investments (Cost $682,396,175) 100.4%							$	732,306,730
Other assets and liabilities, net (0.4%)								(3,206,242	)
Total net assets 100.0%							$	729,100,488

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

^All par values are denominated in U.S. dollars unless otherwise indicated.

Currency Abbreviations

AUD	Australian Dollar
CNY	Chinese Yuan Renminbi
EUR	Euro

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     28

GBP	Pound Sterling
HKD	Hong Kong Dollar
JPY	Japanese Yen
KRW	Korean Won
TWD	New Taiwan Dollar

Security Abbreviations and Legend

ADR	American Depositary Receipt
GDR	Global Depositary Receipt
LIBOR	London Interbank Offered Rate
(A)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(B)	Non-income producing security.
(C)	All or a portion of this security is segregated at the custodian as collateral for certain derivatives.
(D)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements.
(E)	For this type of option, notional amounts are equivalent to number of contracts.
(F)	The rate shown is the annualized seven-day yield as of 10-31-20.
*	Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end.

29     JOHN HANCOCK SEAPORT LONG/SHORT FUND |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

DERIVATIVES

FUTURES

Open contracts	Number of contracts		Position		Expiration date		Notional basis^		Notional value^		Unrealized appreciation (depreciation)
FTSE Taiwan Index Futures		1		Short		Nov 2020		$(44,709)		$(43,450)		$1,259
SGX Nifty 50 Index Futures		168		Short		Nov 2020		(4,013,812)		(3,911,375)		102,437
												$103,696

^ Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

FORWARD FOREIGN CURRENCY CONTRACTS

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
CAD	1,665,000	USD	1,274,679	BNP	12/16/2020	—	$(24,687)
EUR	8,418,000	USD	9,974,311	CITI	11/30/2020	—	(164,453)
EUR	2,716,000	USD	3,215,051	HUS	12/16/2020	—	(48,602)
GBP	4,590,000	USD	5,977,842	JPM	11/30/2020	—	(30,505)
GBP	2,769,000	USD	3,640,100	BNP	12/16/2020	—	(51,691)
HKD	3,935,000	USD	507,460	JPM	12/16/2020	$100	—
JPY	435,058,000	USD	4,147,992	JPM	11/30/2020	8,726	—
JPY	106,500,000	USD	1,009,819	BNP	12/16/2020	8,020	—
JPY	492,000,000	USD	4,638,159	MSI	12/16/2020	63,970	—
USD	10,220,766	EUR	8,626,000	CITI	11/30/2020	168,516	—
USD	1,460,741	EUR	1,234,000	HUS	12/16/2020	22,082	—
USD	3,173,463	EUR	2,716,000	JPM	12/16/2020	7,013	—
USD	8,001,765	EUR	6,762,000	MSI	12/16/2020	118,284	—
USD	7,762,078	GBP	5,960,000	JPM	11/30/2020	39,610	—
USD	2,162,782	GBP	1,669,000	MSI	12/16/2020	—	(112)
						$436,321	$(320,050)

WRITTEN OPTIONS

Options on securities

Counterparty (OTC)/ Exchange- traded	Name of issuer	Currency	Exercise price		Expiration date	Number of contracts		Notional amount		Premium		Value
Calls
Exchange-traded	American Express Company	USD		130.00	Jan 2021		599		59,900		$19,707		$(13,478)
Exchange-traded	iShares Expanded Tech-Software Sector ETF	USD		335.00	Jan 2021		274		27,400		301,820		(194,540	)
Exchange-traded	JPMorgan Chase & Co.	USD		115.00	Nov 2020		554		55,400		30,289		(5,817	)
Exchange-traded	SPDR S&P Biotech ETF	USD		130.00	Dec 2020		1,174		117,400		688,322		(136,771	)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     30

Options on securities (continued)

Counterparty (OTC)/ Exchange- traded	Name of issuer	Currency	Exercise price		Expiration date	Number of contracts		Notional amount		Premium		Value
Calls (continued)
Exchange-traded	VanEck Vectors Gold Miners ETF	USD		66.00	Mar 2021		3,298		329,800		$84,672		$(24,735)
Exchange-traded	VanEck Vectors Semiconductor ETF	USD		195.00	Jan 2021		568		56,800		348,188		(195,959)
											$1,472,998		$(571,300)
Puts
Exchange-traded	Amazon.com, Inc.
		USD		2,920.00	Nov 2020		11		1,100		$52,791		$(102,080)
Exchange-traded	iShares iBoxx $ High Yield Corporate Bond ETF
		USD		77.00	Nov 2020		23		2,300		1,303		(380)
Exchange-traded	iShares iBoxx $ High Yield Corporate Bond ETF
		USD		77.00	Dec 2020		3,039		303,900		132,723		(136,755)
											$186,817		$(239,215)
											$1,659,815		$(810,515)
Options on index
Counterparty (OTC)/ Exchange- traded	Name of issuer	Currency	Exercise price		Expiration date	Number of contracts		Notional amount		Premium		Value
Calls
CITI	FTSE China A50 Index	HKD		25.00	Jun 2021		3,200,000		3,200,000		$15,602		$(17,366)
MSI	FTSE China A50 Index	HKD		25.00	Jun 2021		6,280,000		6,280,000		116,170		(34,081)
											$131,772		$(51,447)
Puts
GSI	EURO STOXX Banks Index	EUR		50.00	Mar 2021		42,500		42,500		$140,639		$(193,696)
											$140,639		$(193,696)
											$272,411		$(245,143)

31     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Foreign currency options

Description	Counterparty (OTC)	Currency		Exercise price		Expiration date		Notional amount*		Premium		Value
Calls
U.S. Dollar vs. Japanese
Yen	GSI		USD		135.00		Sep 2021		20,020,323		$271,275	$	(460	)
											$271,275	$	(460	)

* For this type of option, notional amounts are equivalent to number of contracts.

SWAPS

Total return swaps

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Euro STOXX 50 ETF

1-Month EUR EURIBOR - 0.50%

Monthly

EUR

4,441,549

May 2023

GSI

—

$432,146

$432,146

Pay

Financial Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

263,209

May 2023

GSI

—

10,079

10,079

Pay

Financial Select Sector SPDR Fund

1-Month USD LIBOR - 0.50%

Monthly

USD

138,713

May 2023

GSI

—

5,311

5,311

Pay

GS China Real Financial Conditions Index

1-Month HKD HIBOR - 0.70%

Monthly

HKD

2,455,994

May 2023

GSI

—

8,864

8,864

Pay

GS China Real Financial Conditions Index

1-Month HKD HIBOR - 0.45%

Monthly

HKD

4,557,287

May 2023

GSI

—

16,461

16,461

Pay

GS China Real Financial Conditions Index

1-Month HKD HIBOR - 0.45%

Monthly

HKD

25,825,092

May 2023

GSI

—

93,280

93,280

Pay

GS China Real Financial Conditions Index

1-Month HKD HIBOR - 0.45%

Monthly

HKD

2,246,306

May 2023

GSI

—

8,114

8,114

Pay

Hang Seng Properties Index

1-Month HKD HIBOR - 0.30%

Monthly

HKD

217,537

May 2023

GSI

—

1,010

1,010

Pay

Hang Seng Properties Index

1-Month HKD HIBOR - 0.30%

Monthly

HKD

31,077

May 2023

GSI

—

144

144

Pay

Hang Seng Properties Index

1-Month HKD HIBOR - 0.30%

Monthly

HKD

93,230

May 2023

GSI

—

433

433

Pay

iShares Expanded Tech Sector ETF

1-Month USD LIBOR - 1.05%

Monthly

USD

494,591

May 2023

GSI

—

29,300

29,300

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     32

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

iShares Expanded Tech-Software Sector ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

290,861

May 2023

GSI

—

$19,731

$19,731

Pay

iShares Expanded Tech-Software Sector ETF

1-Month USD LIBOR - 1.20%

Monthly

USD

654

May 2023

GSI

—

44

44

Pay

iShares Expanded Tech-Software Sector ETF

1-Month USD LIBOR - 1.40%

Monthly

USD

11,993,927

May 2023

GSI

—

813,639

813,639

Pay

iShares MSCI Brazil ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

13,309

May 2023

GSI

—

1,142

1,142

Pay

iShares MSCI Brazil ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

1,442,000

May 2023

GSI

—

123,684

123,684

Pay

iShares MSCI EAFE ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

7,070,890

May 2023

GSI

—

374,162

374,162

Pay

iShares MSCI India ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

416,976

May 2023

GSI

—

17,255

17,255

Pay

iShares Nasdaq Biotechnology ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

428,841

May 2023

GSI

—

18,631

18,631

Pay

iShares Nasdaq Biotechnology ETF

1-Month USD LIBOR - 0.55%

Monthly

USD

64,169

May 2023

GSI

—

2,778

2,778

Pay

iShares Nasdaq Biotechnology ETF

1-Month USD LIBOR - 1.00%

Monthly

USD

347,059

May 2023

GSI

—

15,023

15,023

Pay

iShares Nasdaq Biotechnology ETF

1-Month USD LIBOR - 1.00%

Monthly

USD

323,440

May 2023

GSI

—

14,001

14,001

Pay

iShares Nasdaq Biotechnology ETF

1-Month USD LIBOR - 0.80%

Monthly

USD

191,142

May 2023

GSI

—

8,274

8,274

Pay

iShares PHLX Semiconductor ETF

1-Month USD LIBOR - 1.10%

Monthly

USD

319,304

May 2023

GSI

—

17,796

17,796

Pay

iShares Russell 1000 Growth ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

2,547,652

May 2023

GSI

—

145,236

145,236

Pay

iShares Russell 2000 Growth ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

208,635

May 2023

GSI

—

10,907

10,907

Pay

iShares Russell 2000 Growth ETF

1-Month USD LIBOR - 0.55%

Monthly

USD

183,674

May 2023

GSI

—

9,602

9,602

33     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

iShares Russell 2000 Growth ETF

1-Month USD LIBOR - 0.70%

Monthly

USD

8,816,607

May 2023

GSI

—

$460,899

$460,899

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

4,195

May 2023

GSI

—

215

215

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

184,417

May 2023

GSI

—

9,433

9,433

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

38,831,806

May 2023

GSI

—

1,986,174

1,986,174

Pay

SPDR S&P 500 ETF

1-Month USD LIBOR - 0.33%

Monthly

USD

1,758,449

May 2023

GSI

—

79,658

79,658

Pay

SPDR S&P 500 ETF

1-Month USD LIBOR - 0.33%

Monthly

USD

10,373,853

May 2023

GSI

—

469,936

469,936

Pay

SPDR S&P 500 ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

545,974

May 2023

GSI

—

24,646

24,646

Pay

SPDR S&P Biotech ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

700,320

May 2023

GSI

—

23,700

23,700

Pay

SPDR S&P Regional Banking ETF

1-Month USD LIBOR - 0.90%

Monthly

USD

581,045

May 2023

GSI

—

(15,959

)

(15,959

)

Pay

SPDR S&P Regional Banking ETF

1-Month USD LIBOR - 0.75%

Monthly

USD

1,664,518

May 2023

GSI

—

(45,717

)

(45,717

)

Pay

SPDR S&P Regional Banking ETF

1-Month USD LIBOR - 0.75%

Monthly

USD

934,447

May 2023

GSI

—

(25,665

)

(25,665

)

Pay

SPDR S&P Regional Banking ETF

1-Month USD LIBOR - 0.35%

Monthly

USD

1,633,720

May 2023

GSI

—

(44,871

)

(44,871

)

Pay

SPDR S&P Regional Banking ETF

1-Month USD LIBOR - 0.60%

Monthly

USD

1,466,471

May 2023

GSI

—

(40,278

)

(40,278

)

Pay

SPDR S&P Regional Banking ETF

1-Month USD LIBOR - 0.60%

Monthly

USD

3,549,912

May 2023

GSI

—

(97,501

)

(97,501

)

Pay

SPDR S&P Regional Banking ETF

1-Month USD LIBOR - 0.60%

Monthly

USD

3,859,018

May 2023

GSI

—

(105,991

)

(105,991

)

Pay

SPDR S&P Regional Banking ETF

1-Month USD LIBOR - 1.15%

Monthly

USD

2,698,769

May 2023

GSI

—

(74,124

)

(74,124

)

Pay

SPDR S&P Regional Banking ETF

1-Month USD LIBOR - 1.15%

Monthly

USD

281,752

May 2023

GSI

—

(7,739

)

(7,739

)

Pay

SPDR S&P Retail ETF

1-Month USD LIBOR - 2.40%

Monthly

USD

1,020,880

May 2023

GSI

—

74,967

74,967

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     34

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

SPDR S&P Retail ETF

1-Month USD LIBOR - 2.40%

Monthly

USD

968,381

May 2023

GSI

—

$71,112

$71,112

Pay

SPDR S&P Retail ETF

1-Month USD LIBOR - 2.40%

Monthly

USD

690,072

May 2023

GSI

—

50,675

50,675

Pay

SPDR S&P Retail ETF

1-Month USD LIBOR - 2.40%

Monthly

USD

1,790,077

May 2023

GSI

—

131,452

131,452

Pay

SPDR S&P Retail ETF

1-Month USD LIBOR - 2.40%

Monthly

USD

411,816

May 2023

GSI

—

30,241

30,241

Pay

SPDR S&P Retail ETF

1-Month USD LIBOR - 2.40%

Monthly

USD

823,148

May 2023

GSI

—

60,447

60,447

Pay

SPDR S&P Retail ETF

1-Month USD LIBOR - 1.75%

Monthly

USD

4,080,725

May 2023

GSI

—

299,663

299,663

Pay

VanEck Vectors Semiconductor ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

17,456

May 2023

GSI

—

1,011

1,011

Pay

VanEck Vectors Semiconductor ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

6,128

May 2023

GSI

—

355

355

Pay

VanEck Vectors Semiconductor ETF

1-Month USD LIBOR - 0.75%

Monthly

USD

8,171

May 2023

GSI

—

473

473

Pay

VanEck Vectors Semiconductor ETF

1-Month USD LIBOR - 0.75%

Monthly

USD

3,528

May 2023

GSI

—

204

204

Pay

VanEck Vectors Semiconductor ETF

1-Month USD LIBOR - 0.75%

Monthly

USD

1,486

May 2023

GSI

—

86

86

Pay

Vanguard FTSE Developed Markets ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

2,563,301

May 2023

GSI

—

133,062

133,062

Pay

Vanguard FTSE Developed Markets ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

329,510

May 2023

GSI

—

17,105

17,105

Pay

Consumer Discretionary Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

1,972,370

May 2023

JPM

—

95,317

95,317

Pay

Euro STOXX Small 200 ETF

1-Month EUR EURIBOR - 0.35%

Monthly

EUR

4,906,097

May 2023

JPM

—

343,328

343,328

Pay

Euro STOXX Small 200 ETF

1-Month EUR EURIBOR - 0.35%

Monthly

EUR

1,840,342

May 2023

JPM

—

103,352

103,352

Pay

Euro STOXX Small 200 ETF

1-Month EUR EURIBOR - 0.35%

Monthly

EUR

38,763

May 2023

JPM

—

2,384

2,384

Pay

Euro STOXX Small 200 ETF

1-Month EUR EURIBOR - 0.35%

Monthly

EUR

38,568

May 2023

JPM

—

(94

)

(94

)

35     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Euro STOXX Small 200 ETF

1-Month EUR EURIBOR -0.35%

Monthly

EUR

38,781

May 2023

JPM

—

—

—

Pay

Hang Seng Finance Index

1-Month HKD HIBOR - 0.30%

Monthly

HKD

246,082

May 2023

JPM

—

$(227

)

$(227

)

Pay

Hang Seng Properties Index

1-Month HKD HIBOR - 0.37%

Monthly

HKD

62,478

May 2023

JPM

—

330

330

Pay

Health Care Select Sector SPDR Fund

1-Month USD LIBOR - 0.33%

Monthly

USD

8,536,315

May 2023

JPM

—

373,784

373,784

Pay

Health Care Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

7,557,292

May 2023

JPM

—

329,876

329,876

Pay

Health Care Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

1,173,021

May 2023

JPM

—

51,202

51,202

Pay

iShares Expanded Tech Sector ETF

1-Month USD LIBOR - 5.44%

Monthly

USD

1,230,013

May 2023

JPM

—

48,287

48,287

Pay

iShares Expanded Tech-Software Sector ETF

1-Month USD LIBOR - 2.30%

Monthly

USD

2,577,282

May 2023

JPM

—

89,897

89,897

Pay

iShares Expanded Tech-Software Sector ETF

1-Month USD LIBOR -2.30%

Monthly

USD

2,309,611

May 2023

JPM

—

80,560

80,560

Pay

iShares Expanded Tech-Software Sector ETF

1-Month USD LIBOR - 1.06%

Monthly

USD

1,515,120

May 2023

JPM

—

52,848

52,848

Pay

iShares MSCI India ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

309,008

May 2023

JPM

—

10,057

10,057

Pay

iShares Nasdaq Biotechnology ETF

1-Month USD LIBOR - 0.92%

Monthly

USD

3,695,814

May 2023

JPM

—

237,486

237,486

Pay

iShares Nasdaq Biotechnology ETF

1-Month USD LIBOR - 1.04%

Monthly

USD

1,017,605

May 2023

JPM

—

65,254

65,254

Pay

iShares Russell 1000 Growth ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

1,170,274

May 2023

JPM

—

52,583

52,583

Pay

iShares Russell 1000 Growth ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

2,665,099

May 2023

JPM

—

119,750

119,750

Pay

iShares Russell 2000 Growth ETF

1-Month USD LIBOR - 1.00%

Monthly

USD

4,658,064

May 2023

JPM

—

152,038

152,038

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     36

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

iShares Russell 2000 Growth ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

147,648

May 2023

JPM

—

$4,819

$4,819

Pay

iShares Russell 2000 Growth ETF

1-Month USD LIBOR - 1.68%

Monthly

USD

8,696,467

May 2023

JPM

—

283,851

283,851

Pay

iShares Russell 2000 Growth ETF

1-Month USD LIBOR - 2.54%

Monthly

USD

132,653

May 2023

JPM

—

4,330

4,330

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR - 0.33%

Monthly

USD

2,217,249

May 2023

JPM

—

49,595

49,595

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

100,559

May 2023

JPM

—

2,249

2,249

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

1,147,219

May 2023

JPM

—

25,661

25,661

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR - 0.81%

Monthly

USD

118,440

May 2023

JPM

—

2,649

2,649

Pay

iShares U.S. Home Construction ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

92,816

May 2023

JPM

—

9,584

9,584

Pay

Nasdaq OMX ABA Community Bank Index

1-Month USD LIBOR - 0.20%

Monthly

USD

437,498

May 2023

JPM

—

(28,837

)

(28,837

)

Pay

Nasdaq OMX ABA Community Bank Index

1-Month USD LIBOR - 0.20%

Monthly

USD

283,379

May 2023

JPM

—

(18,678

)

(18,678

)

Pay

SPDR S&P 500 ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

1,370,932

May 2023

JPM

—

47,939

47,939

Pay

SPDR S&P Biotech ETF

1-Month USD LIBOR - 0.90%

Monthly

USD

14,011,273

May 2023

JPM

—

369,721

369,721

Pay

SPDR S&P Biotech ETF

1-Month USD LIBOR - 1.52%

Monthly

USD

14,476,250

May 2023

JPM

—

380,000

380,000

Pay

SPDR S&P Biotech ETF

1-Month USD LIBOR - 1.20%

Monthly

USD

1,551,275

May 2023

JPM

—

40,721

40,721

Pay

SPDR S&P Biotech ETF

1-Month USD LIBOR - 1.20%

Monthly

USD

1,445,540

May 2023

JPM

—

37,945

37,945

Pay

SPDR S&P Pharmaceuticals ETF

1-Month USD LIBOR - 1.12%

Monthly

USD

4,351,119

May 2023

JPM

—

137,228

137,228

Pay

SPDR S&P Pharmaceuticals ETF

1-Month USD LIBOR - 1.27%

Monthly

USD

637,196

May 2023

JPM

—

20,009

20,009

37     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

SPDR S&P Pharmaceuticals ETF

1-Month USD LIBOR-0.78%

Monthly

USD

519,384

May 2023

JPM

—

$16,309

$16,309

Pay

SPDR S&P Regional Banking ETF

1-Month USD LIBOR-0.92%

Monthly

USD

505,435

May 2023

JPM

—

(35,009)

(35,009)

Pay

SPDR S&P Regional Banking ETF

1-Month USD LIBOR-0.97%

Monthly

USD

488,273

May 2023

JPM

—

(33,880)

(33,880)

Pay

SPDR S&P Regional Banking ETF

1-Month USD LIBOR-0.81%

Monthly

USD

1,020,028

May 2023

JPM

—

(70,776)

(70,776)

Pay

SPDR S&P Regional Banking ETF

1-Month USD LIBOR-0.81%

Monthly

USD

3,001,940

May 2023

JPM

—

(208,295)

(208,295)

Pay

SPDR S&P Regional Banking ETF

1-Month USD LIBOR-1.73%

Monthly

USD

183,550

May 2023

JPM

—

(12,736)

(12,736)

Pay

SPDR S&P Regional Banking ETF

1-Month USD LIBOR-1.11%

Monthly

USD

1,976,718

May 2023

JPM

—

(137,158)

(137,158)

Pay

SPDR S&P Retail ETF

1-Month USD LIBOR-2.13%

Monthly

USD

359,733

May 2023

JPM

—

19,974

19,974

Pay

SPDR S&P Retail ETF

1-Month USD LIBOR-2.13%

Monthly

USD

484,270

May 2023

JPM

—

26,889

26,889

Pay

SPDR S&P Retail ETF

1-Month USD LIBOR-2.13%

Monthly

USD

6,691,764

May 2023

JPM

—

371,553

371,553

Pay

SPDR S&P Retail ETF

1-Month USD LIBOR-0.28%

Monthly

USD

3,853,529

May 2023

JPM

—

213,963

213,963

Pay

VanEck Vectors Semiconductor ETF

1-Month USD LIBOR-0.28%

Monthly

USD

31,871

May 2023

JPM

—

730

730

Pay

VanEck Vectors Semiconductor ETF

1-Month USD LIBOR-0.28%

Monthly

USD

14,145

May 2023

JPM

—

324

324

Pay

VanEck Vectors Semiconductor ETF

1-Month USD LIBOR-1.39%

Monthly

USD

1,074

May 2023

JPM

—

25

25

Pay

Vanguard FTSE Developed Markets ETF

1-Month USD LIBOR-0.28%

Monthly

USD

487,606

May 2023

JPM

—

26,199

26,199

Pay

Vanguard FTSE Developed Markets ETF

1-Month USD LIBOR-0.28%

Monthly

USD

1,830,816

May 2023

JPM

—

98,370

98,370

Pay

Vanguard FTSE Developed Markets ETF

1-Month USD LIBOR-0.28%

Monthly

USD

442,956

May 2023

JPM

—

23,800

23,800

Pay

Vanguard FTSE Europe ETF

1-Month USD LIBOR-0.28%

Monthly

USD

458,174

May 2023

JPM

—

35,618

35,618

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     38

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Vanguard FTSE Europe ETF

1-Month USD LIBOR - 0.28%

Monthly

USD

4,247,776

May 2023

JPM

—

$330,216

$330,216

Pay

Vanguard FTSE Europe ETF

1-Month USD LIBOR - 0.40%

Monthly

USD

254,009

May 2023

JPM

—

19,746

19,746

Pay

China H Real Estate Index

1-Month HKD HIBOR - 0.50%

Monthly

HKD

316,725

May 2023

MSI

—

1,770

1,770

Pay

Consumer Discretionary Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

5,005,104

May 2023

MSI

—

366,013

366,013

Pay

Consumer Discretionary Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

4,761,698

May 2023

MSI

—

348,214

348,214

Pay

Energy Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

3,537,245

May 2023

MSI

—

248,489

248,489

Pay

Energy Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

2,160,628

May 2023

MSI

—

70,357

70,357

Pay

Euro STOXX 50 ETF

1-Month EUR EURIBOR - 0.40%

Monthly

EUR

2,451,986

May 2023

MSI

—

209,731

209,731

Pay

Euro STOXX 50 ETF

1-Month EUR EURIBOR - 0.40%

Monthly

EUR

587,455

May 2023

MSI

—

50,248

50,248

Pay

Financial Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

2,394,973

May 2023

MSI

—

106,465

106,465

Pay

Financial Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

380,443

May 2023

MSI

—

16,912

16,912

Pay

Financial Select Sector SPDR Fund

1-Month USD LIBOR - 0.65%

Monthly

USD

675,888

May 2023

MSI

—

30,045

30,045

Pay

Financial Select Sector SPDR Fund

1-Month USD LIBOR - 0.65%

Monthly

USD

143,303

May 2023

MSI

—

6,370

6,370

Pay

Financial Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

385,562

May 2023

MSI

—

17,140

17,140

Pay

Financial Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

388,184

May 2023

MSI

—

17,256

17,256

Pay

Financial Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

239,612

May 2023

MSI

—

10,652

10,652

39     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Health Care Select Sector SPDR Fund

1-Month USD LIBOR - 0.45%

Monthly

USD

2,693,941

May 2023

MSI

—

$131,092

$131,092

Pay

Health Care Select Sector SPDR Fund

1-Month USD LIBOR - 0.45%

Monthly

USD

2,324,632

May 2023

MSI

—

113,787

113,787

Pay

Health Care Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

6,803,669

May 2023

MSI

—

332,923

332,923

Pay

Health Care Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

5,257,405

May 2023

MSI

—

255,835

255,835

Pay

Health Care Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

881,702

May 2023

MSI

—

42,905

42,905

Pay

Health Care Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

756,996

May 2023

MSI

—

36,837

36,837

Pay

Health Care Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

1,923,480

May 2023

MSI

—

93,600

93,600

Pay

Industrial Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

219,942

May 2023

MSI

—

13,955

13,955

Pay

Industrial Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

2,349,371

May 2023

MSI

—

149,065

149,065

Pay

Industrial Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

189,401

May 2023

MSI

—

12,017

12,017

Pay

Industrial Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

1,698,375

May 2023

MSI

—

107,760

107,760

Pay

Industrial Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

2,536,342

May 2023

MSI

—

160,928

160,928

Pay

Industrial Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

502,667

May 2023

MSI

—

31,894

31,894

Pay

Industrial Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

3,805,364

May 2023

MSI

—

241,446

241,446

Pay

Industrial Select Sector SPDR Fund

1-Month USD LIBOR - 0.28%

Monthly

USD

1,190,039

May 2023

MSI

—

4,798

4,798

Pay

Invesco QQQ Trust Series 1

1-Month USD LIBOR - 0.28%

Monthly

USD

6,172,168

May 2023

MSI

—

432,579

432,579

Pay

Invesco QQQ Trust Series 1

1-Month USD LIBOR - 0.28%

Monthly

USD

4,216,023

May 2023

MSI

—

295,481

295,481

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     40

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Invesco QQQ Trust Series 1

1-Month USD LIBOR -0.28%

Monthly

USD

3,293,919

May 2023

MSI

—

$159,413

$159,413

Pay

Invesco QQQ Trust Series 1

1-Month USD LIBOR -0.28%

Monthly

USD

1,172,888

May 2023

MSI

—

70,854

70,854

Pay

Invesco S&P 500 High Beta ETF

1-Month USD LIBOR -2.87%

Monthly

USD

3,439,796

May 2023

MSI

—

140,495

140,495

Pay

Invesco S&P 500 High Beta ETF

1-Month USD LIBOR -1.03%

Monthly

USD

81,485

May 2023

MSI

—

3,328

3,328

Pay

iShares Expanded Tech Sector ETF

1-Month USD LIBOR -0.28%

Monthly

USD

656,708

May 2023

MSI

—

47,348

47,348

Pay

iShares Expanded Tech Sector ETF

1-Month USD LIBOR -0.28%

Monthly

USD

797,527

May 2023

MSI

—

—

—

Pay

iShares Expanded Tech-Software Sector ETF

1-Month USD LIBOR -1.41%

Monthly

USD

71,386

May 2023

MSI

—

5,584

5,584

Pay

iShares Expanded Tech-Software Sector ETF

1-Month USD LIBOR -1.83%

Monthly

USD

99,147

May 2023

MSI

—

7,755

7,755

Pay

iShares Expanded Tech-Software Sector ETF

1-Month USD LIBOR -1.34%

Monthly

USD

279,925

May 2023

MSI

—

21,895

21,895

Pay

iShares Expanded Tech-Software Sector ETF

1-Month USD LIBOR -1.30%

Monthly

USD

1,619,401

May 2023

MSI

—

126,665

126,665

Pay

iShares Expanded Tech-Software Sector ETF

1-Month USD LIBOR -1.35%

Monthly

USD

32,058

May 2023

MSI

—

2,507

2,507

Pay

iShares Expanded Tech-Software Sector ETF

1-Month USD LIBOR -1.34%

Monthly

USD

900,916

May 2023

MSI

—

70,467

70,467

Pay

iShares Expanded Tech-Software Sector ETF

1-Month USD LIBOR -0.28%

Monthly

USD

30,452

May 2023

MSI

—

—

—

Pay

iShares Expanded Tech-Software Sector ETF

1-Month USD LIBOR -0.28%

Monthly

USD

2,191,429

May 2023

MSI

—

—

—

41     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

iShares Expanded Tech-Software Sector ETF

1-Month USD LIBOR -0.28%

Monthly

USD

789,530

May 2023

MSI

—

—

—

Pay

iShares MSCI ACWI ETF

1-Month USD LIBOR -0.28%

Monthly

USD

4,031,502

May 2023

MSI

—

$208,425

$208,425

Pay

iShares MSCI ACWI ETF

1-Month USD LIBOR -0.28%

Monthly

USD

3,391,666

May 2023

MSI

—

175,346

175,346

Pay

iShares MSCI ACWI ETF

1-Month USD LIBOR -0.28%

Monthly

USD

1,645,112

May 2023

MSI

—

57,463

57,463

Pay

iShares MSCI ACWI ETF

1-Month USD LIBOR -0.28%

Monthly

USD

3,266,720

May 2023

MSI

—

129,712

129,712

Pay

iShares MSCI EAFE ETF

1-Month USD LIBOR -0.28%

Monthly

USD

1,078,854

May 2023

MSI

—

51,063

51,063

Pay

iShares MSCI EAFE ETF

1-Month USD LIBOR -0.28%

Monthly

USD

583,118

May 2023

MSI

—

27,599

27,599

Pay

iShares MSCI Emerging Markets ETF

1-Month USD LIBOR -0.28%

Monthly

USD

1,888,186

May 2023

MSI

—

28,697

28,697

Pay

iShares MSCI Emerging Markets ETF

1-Month USD LIBOR -0.28%

Monthly

USD

1,501,060

May 2023

MSI

—

22,813

22,813

Pay

iShares MSCI Emerging Markets ETF

1-Month USD LIBOR -0.28%

Monthly

USD

2,213,931

May 2023

MSI

—

33,648

33,648

Pay

iShares MSCI India ETF

1-Month USD LIBOR -0.58%

Monthly

USD

59,092

May 2023

MSI

—

1,989

1,989

Pay

iShares MSCI India ETF

1-Month USD LIBOR -0.69%

Monthly

USD

250,272

May 2023

MSI

—

8,424

8,424

Pay

iShares MSCI Indonesia ETF

1-Month USD LIBOR -3.74%

Monthly

USD

1,368,989

May 2023

MSI

—

4,479

4,479

Pay

iShares Nasdaq Biotechnology ETF

1-Month USD LIBOR -1.16%

Monthly

USD

3,362,339

May 2023

MSI

—

207,474

207,474

Pay

iShares Nasdaq Biotechnology ETF

1-Month USD LIBOR -1.16%

Monthly

USD

1,162,264

May 2023

MSI

—

72,033

72,033

Pay

iShares Nasdaq Biotechnology ETF

1-Month USD LIBOR -1.16%

Monthly

USD

3,750,596

May 2023

MSI

—

232,449

232,449

Pay

iShares Nasdaq Biotechnology ETF

1-Month USD LIBOR -1.16%

Monthly

USD

380,322

May 2023

MSI

—

23,571

23,571

Pay

iShares Nasdaq Biotechnology ETF

1-Month USD LIBOR -0.35%

Monthly

USD

3,016,124

May 2023

MSI

—

186,976

186,976

Pay

iShares Nasdaq Biotechnology ETF

1-Month USD LIBOR -1.10%

Monthly

USD

3,378,905

May 2023

MSI

—

209,465

209,465

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     42

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

iShares Nasdaq Biotechnology ETF

1-Month USD LIBOR -1.18%

Monthly

USD

2,699,978

May 2023

MSI

—

$167,335

$167,335

Pay

iShares Nasdaq Biotechnology ETF

1-Month USD LIBOR -0.28%

Monthly

USD

1,875,716

May 2023

MSI

—

116,250

116,250

Pay

iShares Nasdaq Biotechnology ETF

1-Month USD LIBOR -1.05%

Monthly

USD

2,574,689

May 2023

MSI

—

158,872

158,872

Pay

iShares Nasdaq Biotechnology ETF

1-Month USD LIBOR -1.50%

Monthly

USD

1,297,855

May 2023

MSI

—

80,085

80,085

Pay

iShares PHLX Semiconductor ETF

1-Month USD LIBOR -1.69%

Monthly

USD

1,715,065

May 2023

MSI

—

114,044

114,044

Pay

iShares Russell 1000 ETF

1-Month USD LIBOR -0.28%

Monthly

USD

2,508,565

May 2023

MSI

—

154,371

154,371

Pay

iShares Russell 1000 Growth ETF

1-Month USD LIBOR -0.64%

Monthly

USD

2,811,293

May 2023

MSI

—

203,908

203,908

Pay

iShares Russell 1000 Growth ETF

1-Month USD LIBOR -0.28%

Monthly

USD

4,814,218

May 2023

MSI

—

—

—

Pay

iShares Russell 2000 ETF

1-Month USD LIBOR -0.28%

Monthly

USD

10,973,256

May 2023

MSI

—

651,316

651,316

Pay

iShares Russell 2000 ETF

1-Month USD LIBOR -1.09%

Monthly

USD

2,733,061

May 2023

MSI

—

162,220

162,220

Pay

iShares Russell 2000 ETF

1-Month USD LIBOR -1.09%

Monthly

USD

1,231,692

May 2023

MSI

—

73,107

73,107

Pay

iShares Russell 2000 ETF

1-Month USD LIBOR -1.09%

Monthly

USD

4,530,797

May 2023

MSI

—

269,164

269,164

Pay

iShares Russell 2000 ETF

1-Month USD LIBOR -1.09%

Monthly

USD

2,367,524

May 2023

MSI

—

140,524

140,524

Pay

iShares Russell 2000 Growth ETF

1-Month USD LIBOR -1.73%

Monthly

USD

110,336

May 2023

MSI

—

7,677

7,677

Pay

iShares Russell 2000 Growth ETF

1-Month USD LIBOR -0.28%

Monthly

USD

1,422,130

May 2023

MSI

—

98,955

98,955

Pay

iShares Russell 2000 Growth ETF

1-Month USD LIBOR -1.05%

Monthly

USD

3,854,550

May 2023

MSI

—

268,208

268,208

Pay

iShares Russell 2000 Growth ETF

1-Month USD LIBOR -1.73%

Monthly

USD

139,838

May 2023

MSI

—

9,730

9,730

Pay

iShares Russell 2000 Growth ETF

1-Month USD LIBOR -1.85%

Monthly

USD

7,113,768

May 2023

MSI

—

494,992

494,992

43     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

iShares Russell 2000 Growth ETF

1-Month USD LIBOR -0.28%

Monthly

USD

120,170

May 2023

MSI

—

$8,362

$8,362

Pay

iShares Russell 2000 Growth ETF

1-Month USD LIBOR -2.14%

Monthly

USD

291,910

May 2023

MSI

—

20,312

20,312

Pay

iShares Russell 2000 Growth ETF

1-Month USD LIBOR -0.28%

Monthly

USD

3,267,853

May 2023

MSI

—

227,385

227,385

Pay

iShares Russell 2000 Value ETF

1-Month USD LIBOR -0.28%

Monthly

USD

1,162,473

May 2023

MSI

—

58,729

58,729

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR -0.28%

Monthly

USD

982,826

May 2023

MSI

—

63,425

63,425

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR -0.28%

Monthly

USD

447,193

May 2023

MSI

—

28,859

28,859

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR -0.28%

Monthly

USD

1,414,293

May 2023

MSI

—

91,269

91,269

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR -0.28%

Monthly

USD

3,860,257

May 2023

MSI

—

249,116

249,116

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR -0.28%

Monthly

USD

11,063,456

May 2023

MSI

—

713,964

713,964

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR -0.68%

Monthly

USD

139,875

May 2023

MSI

—

9,027

9,027

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR -0.84%

Monthly

USD

3,693,184

May 2023

MSI

—

238,334

238,334

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR -0.28%

Monthly

USD

120,078

May 2023

MSI

—

7,749

7,749

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR -0.45%

Monthly

USD

2,846,718

May 2023

MSI

—

183,709

183,709

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR -0.28%

Monthly

USD

880,695

May 2023

MSI

—

56,834

56,834

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR -0.28%

Monthly

USD

4,319,107

May 2023

MSI

—

278,727

278,727

Pay

iShares Russell Mid-Cap Growth ETF

1-Month USD LIBOR -0.28%

Monthly

USD

291,592

May 2023

MSI

—

18,817

18,817

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     44

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

iShares U.S. Home Construction ETF

1-Month USD LIBOR -1.24%

Monthly

USD

497,834

May 2023

MSI

—

$66,068

$66,068

Pay

iShares U.S. Home Construction ETF

1-Month USD LIBOR -0.28%

Monthly

USD

617,794

May 2023

MSI

—

81,988

81,988

Pay

iShares U.S. Home Construction ETF

1-Month USD LIBOR -0.28%

Monthly

USD

636,766

May 2023

MSI

—

12,526

12,526

Pay

iShares U.S. Home Construction ETF

1-Month USD LIBOR -0.28%

Monthly

USD

957,867

May 2023

MSI

—

—

—

Pay

SPDR S&P 500 ETF

1-Month USD LIBOR -0.54%

Monthly

USD

1,902,563

May 2023

MSI

—

107,424

107,424

Pay

SPDR S&P 500 ETF

1-Month USD LIBOR -0.28%

Monthly

USD

413,178

May 2023

MSI

—

23,329

23,329

Pay

SPDR S&P 500 ETF

1-Month USD LIBOR -0.28%

Monthly

USD

354,798

May 2023

MSI

—

20,033

20,033

Pay

SPDR S&P 500 ETF

1-Month USD LIBOR -0.28%

Monthly

USD

861,800

May 2023

MSI

—

51,981

51,981

Pay

SPDR S&P Pharmaceuticals ETF

1-Month USD LIBOR -0.35%

Monthly

USD

1,276,571

May 2023

MSI

—

68,059

68,059

Pay

SPDR S&P Pharmaceuticals ETF

1-Month USD LIBOR -2.70%

Monthly

USD

1,712,421

May 2023

MSI

—

91,296

91,296

Pay

SPDR S&P Pharmaceuticals ETF

1-Month USD LIBOR -2.93%

Monthly

USD

1,368,381

May 2023

MSI

—

72,932

72,932

Pay

SPDR S&P Pharmaceuticals ETF

1-Month USD LIBOR -0.28%

Monthly

USD

950,605

May 2023

MSI

—

50,665

50,665

Pay

SPDR S&P Pharmaceuticals ETF

1-Month USD LIBOR -2.20%

Monthly

USD

679,276

May 2023

MSI

—

36,020

36,020

Pay

SPDR S&P Regional Banking ETF

1-Month USD LIBOR -0.28%

Monthly

USD

282,678

May 2023

MSI

—

(13,231

)

(13,231

)

Pay

SPDR S&P Regional Banking ETF

1-Month USD LIBOR -1.45%

Monthly

USD

1,413,234

May 2023

MSI

—

(66,150

)

(66,150

)

Pay

SPDR S&P Retail ETF

1-Month USD LIBOR -2.62%

Monthly

USD

955,296

May 2023

MSI

—

87,731

87,731

Pay

SPDR S&P Retail ETF

1-Month USD LIBOR -2.55%

Monthly

USD

547,648

May 2023

MSI

—

50,294

50,294

45     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

SPDR S&P Retail ETF

1-Month USD LIBOR -2.35%

Monthly

USD

1,600,081

May 2023

MSI

—

$146,946

$146,946

Pay

SPDR S&P Retail ETF

1-Month USD LIBOR -2.09%

Monthly

USD

340,969

May 2023

MSI

—

31,314

31,314

Pay

SPDR S&P Retail ETF

1-Month USD LIBOR -1.84%

Monthly

USD

1,048,098

May 2023

MSI

—

96,254

96,254

Pay

VanEck Vectors Russia ETF

1-Month USD LIBOR -0.84%

Monthly

USD

1,246,661

May 2023

MSI

—

77,240

77,240

Pay

VanEck Vectors Russia ETF

1-Month USD LIBOR -0.28%

Monthly

USD

33,505

May 2023

MSI

—

—

—

Pay

VanEck Vectors Semiconductor ETF

1-Month USD LIBOR -1.34%

Monthly

USD

6,004

May 2023

MSI

—

406

406

Pay

VanEck Vectors Semiconductor ETF

1-Month USD LIBOR -1.34%

Monthly

USD

16,512

May 2023

MSI

—

1,117

1,117

Pay

VanEck Vectors Semiconductor ETF

1-Month USD LIBOR -1.35%

Monthly

USD

4,503

May 2023

MSI

—

305

305

Pay

VanEck Vectors Semiconductor ETF

1-Month USD LIBOR -1.36%

Monthly

USD

13,322

May 2023

MSI

—

901

901

Pay

VanEck Vectors Semiconductor ETF

1-Month USD LIBOR -1.09%

Monthly

USD

17,826

May 2023

MSI

—

1,206

1,206

Pay

VanEck Vectors Semiconductor ETF

1-Month USD LIBOR -0.28%

Monthly

USD

2,892,973

May 2023

MSI

—

138,560

138,560

Pay

Vanguard FTSE Developed Markets ETF

1-Month USD LIBOR -0.28%

Monthly

USD

1,028,293

May 2023

MSI

—

49,144

49,144

Pay

Vanguard FTSE Developed Markets ETF

1-Month USD LIBOR -0.28%

Monthly

USD

2,112,806

May 2023

MSI

—

100,974

100,974

Pay

Vanguard FTSE Developed Markets ETF

1-Month USD LIBOR -0.28%

Monthly

USD

1,107,714

May 2023

MSI

—

52,939

52,939

Pay

Vanguard FTSE Developed Markets ETF

1-Month USD LIBOR -0.28%

Monthly

USD

2,112,019

May 2023

MSI

—

100,936

100,936

Pay

Vanguard FTSE Developed Markets ETF

1-Month USD LIBOR -0.28%

Monthly

USD

3,607,807

May 2023

MSI

—

172,422

172,422

Pay

Vanguard FTSE Developed Markets ETF

1-Month USD LIBOR -0.28%

Monthly

USD

2,666,932

May 2023

MSI

—

127,457

127,457

Pay

Vanguard FTSE Developed Markets ETF

1-Month USD LIBOR -0.80%

Monthly

USD

3,278,729

May 2023

MSI

—

156,695

156,695

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     46

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Vanguard FTSE Developed Markets ETF

1-Month USD LIBOR -0.80%

Monthly

USD

2,303,467

May 2023

MSI

—

$110,086

$110,086

Pay

Vanguard FTSE Developed Markets ETF

1-Month USD LIBOR -0.28%

Monthly

USD

2,765,535

May 2023

MSI

—

132,169

132,169

Pay

Vanguard FTSE Developed Markets ETF

1-Month USD LIBOR -0.28%

Monthly

USD

272,319

May 2023

MSI

—

13,015

13,015

Pay

Vanguard FTSE Developed Markets ETF

1-Month USD LIBOR -0.28%

Monthly

USD

1,242,237

May 2023

MSI

—

59,368

59,368

Pay

Vanguard FTSE Developed Markets ETF

1-Month USD LIBOR -0.28%

Monthly

USD

2,289,795

May 2023

MSI

—

109,433

109,433

Pay

Vanguard FTSE Europe ETF

1-Month USD LIBOR -0.66%

Monthly

USD

1,160,131

May 2023

MSI

—

75,052

75,052

Pay

Vanguard FTSE Europe ETF

1-Month USD LIBOR -0.66%

Monthly

USD

283,074

May 2023

MSI

—

18,390

18,390

Pay

Vanguard FTSE Europe ETF

1-Month USD LIBOR -0.66%

Monthly

USD

752,884

May 2023

MSI

—

48,910

48,910

Pay

Vanguard FTSE Europe ETF

1-Month USD LIBOR -0.66%

Monthly

USD

90,876

May 2023

MSI

—

5,904

5,904

Pay

Vanguard FTSE Europe ETF

1-Month USD LIBOR -0.35%

Monthly

USD

720,754

May 2023

MSI

—

46,834

46,834

Pay

Vanguard FTSE Europe ETF

1-Month USD LIBOR -0.35%

Monthly

USD

807,442

May 2023

MSI

—

52,467

52,467

Pay

Vanguard FTSE Europe ETF

1-Month USD LIBOR -0.48%

Monthly

USD

645,200

May 2023

MSI

—

41,915

41,915

Pay

Vanguard FTSE Europe ETF

1-Month USD LIBOR -0.28%

Monthly

USD

448,231

May 2023

MSI

—

29,119

29,119

Pay

Vanguard FTSE Europe ETF

1-Month USD LIBOR -0.28%

Monthly

USD

2,367,290

May 2023

MSI

—

153,146

153,146

Pay

Vanguard FTSE Europe ETF

1-Month USD LIBOR -0.70%

Monthly

USD

8,763,358

May 2023

MSI

—

566,924

566,924

Pay

Vanguard FTSE Europe ETF

1-Month USD LIBOR -0.70%

Monthly

USD

320,294

May 2023

MSI

—

20,721

20,721

Pay

WisdomTree Cloud Computing ETF

1-Month USD LIBOR -5.64%

Monthly

USD

1,316,877

May 2023

MSI

—

141,004

141,004

Pay

WisdomTree Cloud Computing ETF

1-Month USD LIBOR -5.64%

Monthly

USD

1,933,494

May 2023

MSI

—

207,028

207,028

Pay

WisdomTree Cloud Computing ETF

1-Month USD LIBOR -0.28%

Monthly

USD

1,777,919

May 2023

MSI

—

97,518

97,518

47     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)			Value
Receive	Abbott Laboratories	1-Month USD LIBOR + 0.20%	Monthly	USD		89,614	May 2023	GSI	—		$(2,399	)		$(2,399	)
Receive	Abbott Laboratories	1-Month USD LIBOR + 0.20%	Monthly	USD		269,275	May 2023	GSI	—		(7,208	)		(7,208	)
Receive	Acadia Healthcare Company, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		38,985	May 2023	GSI	—		3,114			3,114
Receive	Acadia Healthcare Company, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		73,546	May 2023	GSI	—		5,875			5,875
Receive	Acceleron Pharma, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		180,433	May 2023	GSI	—		(12,076	)		(12,076	)
Receive	AerCap Holdings NV	1-Month USD LIBOR + 0.20%	Monthly	USD		46,950	May 2023	GSI	—		(6,630	)		(6,630	)
Receive	AerCap Holdings NV	1-Month USD LIBOR + 0.20%	Monthly	USD		326,914	May 2023	GSI	—		(46,168	)		(46,168	)
Receive	Aerie Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		5,208	May 2023	GSI	—		850			850
Receive	Agilent Technologies, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		117,755	May 2023	GSI	—		(3,735	)		(3,735	)
Receive	Agilent Technologies, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		221,992	May 2023	GSI	—		(7,042	)		(7,042	)
Receive	Akero Therapeutics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		53,466	May 2023	GSI	—		(186	)		(186	)
Receive	ALD SA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		313,951	May 2023	GSI	—		(28,771	)		(28,771	)
Receive	Alkermes PLC	1-Month USD LIBOR + 0.20%	Monthly	USD		1,264,076	May 2023	GSI	—		(50,178	)		(50,178	)
Receive	Alleghany Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		218,348	May 2023	GSI	—		403			403
Receive	Alleghany Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		605,370	May 2023	GSI	—		1,118			1,118
Receive	Alleghany Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		129,371	May 2023	GSI	—		239			239

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     48

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Alleghany Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		85,156	May 2023	GSI		—		$157			$157
Receive	Alleghany Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		85,702	May 2023	GSI		—		158			158
Receive	Allscripts Healthcare Solutions, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		312,977	May 2023	GSI		—		(12,872	)		(12,872	)
Receive	Alnylam Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		35,645	May 2023	GSI		—		(4,660	)		(4,660	)
Receive	Alnylam Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		127,588	May 2023	GSI		—		(16,681	)		(16,681	)
Receive	Alnylam Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		63,653	May 2023	GSI		—		(8,322	)		(8,322	)
Receive	Amazon.com, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,622,596	May 2023	GSI		—		(59,059	)		(59,059	)
Receive	Amedisys, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		45,052	May 2023	GSI		—		2,081			2,081
Receive	Amedisys, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		167,337	May 2023	GSI		—		7,731			7,731
Receive	Amicus Therapeutics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,803,696	May 2023	GSI		—		90,674			90,674
Receive	Amicus Therapeutics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		39,076	May 2023	GSI		—		1,964			1,964
Receive	Amoy Diagnostics Company, Ltd.	1-Month USD LIBOR + 0.75%	Monthly	USD		34,297	May 2023	GSI		—		(656	)		(656	)
Receive	Amoy Diagnostics Company, Ltd.	1-Month USD LIBOR + 0.75%	Monthly	USD		563,724	May 2023	GSI		—		(10,784	)		(10,784	)
Receive	Anthem, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		67,556	May 2023	GSI		—		(4,273	)		(4,273	)
Receive	Anthem, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		127,541	May 2023	GSI		—		(8,067	)		(8,067	)
Receive	Apellis Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,522,636	May 2023	GSI		—		(70,012	)		(70,012	)

49     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Apellis Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		117,005	May 2023	GSI		—		$(5,366	)		$(5,366	)
Receive	Archer Daniels Midland Company	1-Month USD LIBOR + 0.20%	Monthly	USD		1,525,184	May 2023	GSI		—		(138,961	)		(138,961	)
Receive	Ares Management Corp., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		534,417	May 2023	GSI		—		(25,558	)		(25,558	)
Receive	Ares Management Corp., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		259,102	May 2023	GSI		—		(12,391	)		(12,391	)
Receive	Ares Management Corp., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		144,454	May 2023	GSI		—		(6,908	)		(6,908	)
Receive	Ares Management Corp., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		169,329	May 2023	GSI		—		(8,098	)		(8,098	)
Receive	Ares Management Corp., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		144,409	May 2023	GSI		—		(6,906	)		(6,906	)
Receive	Ares Management Corp., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		288,863	May 2023	GSI		—		(13,814	)		(13,814	)
Receive	argenx SE,ADR	1-Month USD LIBOR + 0.20%	Monthly	USD		40,170	May 2023	GSI		—		(2,210	)		(2,210	)
Receive	argenx SE,ADR	1-Month USD LIBOR + 0.20%	Monthly	USD		143,615	May 2023	GSI		—		(7,901	)		(7,901	)
Receive	argenx SE,ADR	1-Month USD LIBOR + 0.20%	Monthly	USD		94,518	May 2023	GSI		—		(5,200	)		(5,200	)
Receive	Ascendis Pharma A/S, ADR	1-Month USD LIBOR + 0.20%	Monthly	USD		22,620	May 2023	GSI		—		1,064			1,064
Receive	Ascendis Pharma A/S, ADR	1-Month USD LIBOR + 0.20%	Monthly	USD		60,372	May 2023	GSI		—		2,839			2,839
Receive	Assembly Biosciences, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		5,373	May 2023	GSI		—		(214	)		(214	)
Receive	Assurant, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		156,928	May 2023	GSI		—		2,249			2,249
Receive	AstraZeneca PLC	1-Month GBP LIBOR + 0.20%	Monthly	GBP		240,528	May 2023	GSI		—		(11,625	)		(11,625	)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     50

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	AstraZeneca PLC	1-Month GBP LIBOR + 0.20%	Monthly	GBP		281,987	May 2023	GSI		—		$(13,629	)		$(13,629	)
Receive	AstraZeneca PLC	1-Month GBP LIBOR + 0.20%	Monthly	GBP		523,241	May 2023	GSI		—		(25,290	)		(25,290	)
Receive	AstraZeneca PLC	1-Month GBP LIBOR + 0.20%	Monthly	GBP		44,040	May 2023	GSI		—		(2,126	)		(2,126	)
Receive	Athene Holding, Ltd., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		24,343	May 2023	GSI		—		(1,697	)		(1,697	)
Receive	Atlantic Union Bankshares Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		431,550	May 2023	GSI		—		10,983			10,983
Receive	Atlantic Union Bankshares Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		342,010	May 2023	GSI		—		8,704			8,704
Receive	Australia & New Zealand Banking Group, Ltd.	1-Month AUD BBSW + 0.20%	Monthly	AUD		429,677	May 2023	GSI		—		(7,996	)		(7,996	)
Receive	Australia & New Zealand Banking Group, Ltd.	1-Month AUD BBSW + 0.20%	Monthly	AUD		224,653	May 2023	GSI		—		(4,180	)		(4,180	)
Receive	Bandai Namco Holdings, Inc.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		192,570,000	May 2023	GSI		—		(19,712	)		(19,712	)
Receive	Bandai Namco Holdings, Inc.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		471,600	May 2023	GSI		—		(48	)		(48	)
Receive	BASE, Inc.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		42,480,000	May 2023	GSI		—		(83,684	)		(83,684	)
Receive	BASE, Inc.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		15,881,122	May 2023	GSI		—		(12,122	)		(12,122	)
Receive	BAWAG Group AG	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		734,764	May 2023	GSI		—		(55,554	)		(55,554	)
Receive	BAWAG Group AG	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		115,146	May 2023	GSI		—		(8,706	)		(8,706	)
Receive	BAWAG Group AG	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		60,343	May 2023	GSI		—		(4,562	)		(4,562	)
Receive	Baxter International, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		87,388	May 2023	GSI		—		(3,853	)		(3,853	)

51     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Baxter International, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		164,958	May 2023	GSI		—		$(7,274	)		$(7,274	)
Receive	Becton, Dickinson and Company	1-Month USD LIBOR + 0.20%	Monthly	USD		12,286	May 2023	GSI		—		(268	)		(268	)
Receive	Becton, Dickinson and Company	1-Month USD LIBOR + 0.20%	Monthly	USD		70,878	May 2023	GSI		—		(1,546	)		(1,546	)
Receive	Beigene, Ltd., ADR	1-Month USD LIBOR + 0.20%	Monthly	USD		56,681	May 2023	GSI		—		(644	)		(644	)
Receive	Beigene, Ltd., ADR	1-Month USD LIBOR + 0.20%	Monthly	USD		202,133	May 2023	GSI		—		(2,297	)		(2,297	)
Receive	BioNTech SE, ADR	1-Month USD LIBOR + 0.20%	Monthly	USD		134,354	May 2023	GSI		—		(12,814	)		(12,814	)
Receive	Bio-Techne Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		40,202	May 2023	GSI		—		(1,840	)		(1,840	)
Receive	Bio-Techne Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		75,644	May 2023	GSI		—		(3,462	)		(3,462	)
Receive	Bluebird Bio, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		14,520	May 2023	GSI		—		(870	)		(870	)
Receive	Blueprint Medicines Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		90,583	May 2023	GSI		—		(177	)		(177	)
Receive	BMC Stock Holdings, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		80,399	May 2023	GSI		—		(8,115	)		(8,115	)
Receive	BMC Stock Holdings, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,081,729	May 2023	GSI		—		(109,187	)		(109,187	)
Receive	BMC Stock Holdings, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		547,997	May 2023	GSI		—		(55,313	)		(55,313	)
Receive	Boston Scientific Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		3,287,716	May 2023	GSI		—		(286,703	)		(286,703	)
Receive	Boston Scientific Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		278,922	May 2023	GSI		—		(24,323	)		(24,323	)
Receive	Brenntag AG	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		804,390	May 2023	GSI		—		2,736			2,736

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     52

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Bristol-Myers Squibb Company	1-Month USD LIBOR + 0.20%	Monthly	USD		4,642,235	May 2023	GSI		—		$(133,655	)		$(133,655	)
Receive	Cactus, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		86,768	May 2023	GSI		—		(7,301	)		(7,301	)
Receive	Cactus, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		349,522	May 2023	GSI		—		(29,412	)		(29,412	)
Receive	Cactus, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		347,703	May 2023	GSI		—		(29,259	)		(29,259	)
Receive	Cavco Industries, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		98,120	May 2023	GSI		—		(5,519	)		(5,519	)
Receive	Cavco Industries, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		297,827	May 2023	GSI		—		(16,751	)		(16,751	)
Receive	Cavco Industries, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		255,332	May 2023	GSI		—		(14,361	)		(14,361	)
Receive	Cavco Industries, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		286,154	May 2023	GSI		—		(16,094	)		(16,094	)
Receive	Cellnex Telecom SA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		1,180,509	May 2023	GSI		—		56,616			56,616
Receive	Cellnex Telecom SA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		310,493	May 2023	GSI		—		14,891			14,891
Receive	Centene Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		85,687	May 2023	GSI		—		(8,451	)		(8,451	)
Receive	Centene Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		118,008	May 2023	GSI		—		(11,639	)		(11,639	)
Receive	Cerved Group SpA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		358,856	May 2023	GSI		—		(21,273	)		(21,273	)
Receive	Cerved Group SpA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		722,590	May 2023	GSI		—		(42,836	)		(42,836	)
Receive	Cerved Group SpA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		79,659	May 2023	GSI		—		(4,722	)		(4,722	)
Receive	Cerved Group SpA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		98,770	May 2023	GSI		—		(5,855	)		(5,855	)

53     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Cerved Group SpA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		142,162	May 2023	GSI		—		$(8,428	)		$(8,428	)
Receive	Chegg, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		551,968	May 2023	GSI		—		(86,256	)		(86,256	)
Receive	China Cinda Asset Management Company, Ltd., H Shares	1-Month HKD HIBOR + 0.20%	Monthly	HKD		7,251,581	May 2023	GSI		—		(31,406	)		(31,406	)
Receive	China Traditional Chinese Medicine Holdings Company, Ltd.	1-Month HKD HIBOR + 0.20%	Monthly	HKD		66,843	May 2023	GSI		—		(671	)		(671	)
Receive	China Unicom Hong Kong, Ltd.	1-Month HKD HIBOR + 0.20%	Monthly	HKD		64,800	May 2023	GSI		—		(992	)		(992	)
Receive	Citizens Financial Group, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		228,859	May 2023	GSI		—		144			144
Receive	Citizens Financial Group, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		496,110	May 2023	GSI		—		312			312
Receive	Citizens Financial Group, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		537,347	May 2023	GSI		—		338			338
Receive	Clean Harbors, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		599,140	May 2023	GSI		—		(52,017	)		(52,017	)
Receive	Clean Harbors, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		650,760	May 2023	GSI		—		(56,500	)		(56,500	)
Receive	Constellation Brands, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		1,876,514	May 2023	GSI		—		(157,313	)		(157,313	)
Receive	Constellation Brands, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		359,758	May 2023	GSI		—		(30,159	)		(30,159	)
Receive	Constellation Brands, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		48,328	May 2023	GSI		—		(4,051	)		(4,051	)
Receive	Constellation Brands, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		303,315	May 2023	GSI		—		(25,428	)		(25,428	)
Receive	Constellation Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		19,123	May 2023	GSI		—		(2,683	)		(2,683	)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     54

Total return swaps (continued)

Pay/ receive total return*	Refere nce entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)	Unrealized appreciation			Value
Receive	ConvaTec Group PLC	1-Month GBP LIBOR + 0.20%	Monthly	GBP		64,505	May 2023	GSI	—		$(1,638	)		$(1,638	)
Receive	CoStar Group, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,531,710	May 2023	GSI	—		(22,181	)		(22,181	)
Receive	CoStar Group, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		498,035	May 2023	GSI	—		(7,211	)		(7,211	)
Receive	CStone Pharmaceuticals	1-Month HKD HIBOR + 0.20%	Monthly	HKD		343,662	May 2023	GSI	—		(2,987	)		(2,987	)
Receive	CStone Pharmaceuticals	1-Month HKD HIBOR + 0.20%	Monthly	HKD		141,154	May 2023	GSI	—		(1,227	)		(1,227	)
Receive	CStone Pharmaceuticals	1-Month HKD HIBOR + 0.20%	Monthly	HKD		3,365,138	May 2023	GSI	—		(29,253	)		(29,253	)
Receive	CStone Pharmaceuticals	1-Month HKD HIBOR + 0.20%	Monthly	HKD		37,625	May 2023	GSI	—		(327	)		(327	)
Receive	CStone Pharmaceuticals	1-Month HKD HIBOR + 0.20%	Monthly	HKD		47,604	May 2023	GSI	—		(414	)		(414	)
Receive	CStone Pharmaceuticals	1-Month HKD HIBOR + 0.20%	Monthly	HKD		4,073,739	May 2023	GSI	—		(35,415	)		(35,415	)
Receive	CStone Pharmaceuticals	1-Month HKD HIBOR + 0.20%	Monthly	HKD		245,061	May 2023	GSI	—		(2,130	)		(2,130	)
Receive	CTT-Correios de Portugal SA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		52,450	May 2023	GSI	—		(7,636	)		(7,636	)
Receive	Cytokinetics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		405,264	May 2023	GSI	—		(22,222	)		(22,222	)
Receive	Cytokinetics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		338,761	May 2023	GSI	—		(18,575	)		(18,575	)
Receive	Cytokinetics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		21,105	May 2023	GSI	—		(1,157	)		(1,157	)
Receive	Cytokinetics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		49,772	May 2023	GSI	—		(2,729	)		(2,729	)
Receive	Daiichi Sankyo Company, Ltd.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		3,079,890	May 2023	GSI	—		31			31

55     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)			Value
Receive	Daiichi Sankyo Company, Ltd.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		219,503,925	May 2023	GSI	—		$2,228			$2,228
Receive	Danaher Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,311,325	May 2023	GSI	—		15,410			15,410
Receive	Danaher Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		128,953	May 2023	GSI	—		1,516			1,516
Receive	Danaher Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		243,149	May 2023	GSI	—		2,857			2,857
Receive	DBAPP Security, Ltd.	1-Month USD LIBOR + 0.75%	Monthly	USD		15,204	May 2023	GSI	—		(581	)		(581	)
Receive	DBAPP Security, Ltd.	1-Month USD LIBOR + 0.75%	Monthly	USD		14,444	May 2023	GSI	—		(552	)		(552	)
Receive	DBAPP Security, Ltd.	1-Month USD LIBOR + 0.75%	Monthly	USD		3,812	May 2023	GSI	—		28			28
Receive	DNB ASA	1-Month NOK NIBOR + 0.20%	Monthly	NOK		3,465,132	May 2023	GSI	—		(25,728	)		(25,728	)
Receive	DNB ASA	1-Month NOK NIBOR + 0.20%	Monthly	NOK		1,307,717	May 2023	GSI	—		(9,709	)		(9,709	)
Receive	DraftKings, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		306,284	May 2023	GSI	—		(54,184	)		(54,184	)
Receive	DraftKings, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		1,163,969	May 2023	GSI	—		(193,394	)		(193,394	)
Receive	Dyne Therapeutics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		52,750	May 2023	GSI	—		12,139			12,139
Receive	ECN Capital Corp.	1-Month CAD CDOR + 0.20%	Monthly	CAD		622,890	May 2023	GSI	—		(4,474	)		(4,474	)
Receive	ECN Capital Corp.	1-Month CAD CDOR + 0.20%	Monthly	CAD		253,649	May 2023	GSI	—		(1,821	)		(1,821	)
Receive	ECN Capital Corp.	1-Month CAD CDOR + 0.20%	Monthly	CAD		79,950	May 2023	GSI	—		(574	)		(574	)
Receive	ECN Capital Corp.	1-Month CAD CDOR + 0.20%	Monthly	CAD		133,250	May 2023	GSI	—		(956	)		(956	)
Receive	Edwards Lifesciences Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		88,398	May 2023	GSI	—		(13,347	)		(13,347	)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     56

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)			Value
Receive	Edwards Lifesciences Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		84,430	May 2023	GSI	—		$(12,748	)		$(12,748	)
Receive	Eisai Company, Ltd.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		19,003,600	May 2023	GSI	—		(11,536	)		(11,536	)
Receive	Eisai Company, Ltd.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		8,888,502	May 2023	GSI	—		(5,399	)		(5,399	)
Receive	Eisai Company, Ltd.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		21,595,000	May 2023	GSI	—		(13,118	)		(13,118	)
Receive	Eisai Company, Ltd.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		8,638,000	May 2023	GSI	—		(5,247	)		(5,247	)
Receive	Eisai Company, Ltd.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		9,501,800	May 2023	GSI	—		(5,772	)		(5,772	)
Receive	Eisai Company, Ltd.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		32,608,450	May 2023	GSI	—		(19,809	)		(19,809	)
Receive	Encompass Health Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		302,421	May 2023	GSI	—		(23,709	)		(23,709	)
Receive	Encompass Health Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		533,011	May 2023	GSI	—		(41,787	)		(41,787	)
Receive	Encompass Health Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		57,664	May 2023	GSI	—		(4,514	)		(4,514	)
Receive	Encompass Health Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		108,810	May 2023	GSI	—		(8,518	)		(8,518	)
Receive	Enstar Group, Ltd.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,684,224	May 2023	GSI	—		(21,545	)		(21,545	)
Receive	Enstar Group, Ltd.	1-Month USD LIBOR + 0.20%	Monthly	USD		26,634	May 2023	GSI	—		(341	)		(341	)
Receive	Enstar Group, Ltd.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,561,846	May 2023	GSI	—		(19,980	)		(19,980	)
Receive	Enstar Group, Ltd.	1-Month USD LIBOR + 0.20%	Monthly	USD		615,547	May 2023	GSI	—		(7,874	)		(7,874	)
Receive	Enstar Group, Ltd.	1-Month USD LIBOR + 0.20%	Monthly	USD		639,570	May 2023	GSI	—		(8,181	)		(8,181	)

57     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)			Value
Receive	Enstar Group, Ltd.	1-Month USD LIBOR + 0.20%	Monthly	USD		523,284	May 2023	GSI	—		$(6,694	)		$(6,694	)
Receive	Exact Sciences Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,590,045	May 2023	GSI	—		387,010			387,010
Receive	Fidelity National Information Services, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		959,574	May 2023	GSI	—		(109,963	)		(109,963	)
Receive	First BanCorp	1-Month USD LIBOR + 0.20%	Monthly	USD		390,443	May 2023	GSI	—		11,738			11,738
Receive	First BanCorp	1-Month USD LIBOR + 0.20%	Monthly	USD		210,688	May 2023	GSI	—		(912	)		(912	)
Receive	FirstRand, Ltd.	1-Month ZAR JIBAR + 0.75%	Monthly	ZAR		10,440,725	May 2023	GSI	—		(26,790	)		(26,790	)
Receive	Five Below, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,268,600	May 2023	GSI	—		(14,793	)		(14,793	)
Receive	Five Below, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		476,872	May 2023	GSI	—		(5,561	)		(5,561	)
Receive	Flagstar Bancorp, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		399,110	May 2023	GSI	—		(42,018	)		(42,018	)
Receive	Floor & Decor Holdings, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		104,471	May 2023	GSI	—		(11,261	)		(11,261	)
Receive	Fortive Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		511,570	May 2023	GSI	—		(33,357	)		(33,357	)
Receive	Fortive Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		366,941	May 2023	GSI	—		(23,926	)		(23,926	)
Receive	Freee KK	1-Month JPY LIBOR + 0.20%	Monthly	JPY		52,046,000	May 2023	GSI	—		(80,000	)		(80,000	)
Receive	Freee KK	1-Month JPY LIBOR + 0.20%	Monthly	JPY		52,046,000	May 2023	GSI	—		(80,000	)		(80,000	)
Receive	Fresenius SE & Company KGaA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		574,844	May 2023	GSI	—		(52,941	)		(52,941	)
Receive	Fresenius SE & Company KGaA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		41,857	May 2023	GSI	—		(3,855	)		(3,855	)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     58

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)			Value
Receive	G1 Therapeutics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		19,565	May 2023	GSI	—		$(2,434)			$(2,434)
Receive	G1 Therapeutics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		69,916	May 2023	GSI	—		(8,697	)		(8,697	)
Receive	Genmab A/S	1-Month DKK CIBOR + 0.20%	Monthly	DKK		334,480	May 2023	GSI	—		(3,033	)		(3,033	)
Receive	Genpact, Ltd.	1-Month USD LIBOR + 0.20%	Monthly	USD		3,609,392	May 2023	GSI	—		(288,329	)		(288,329	)
Receive	Genus PLC	1-Month GBP LIBOR + 0.20%	Monthly	GBP		42,283	May 2023	GSI	—		(951	)		(951	)
Receive	Genus PLC	1-Month GBP LIBOR + 0.20%	Monthly	GBP		49,545	May 2023	GSI	—		(1,115	)		(1,115	)
Receive	Genus PLC	1-Month GBP LIBOR + 0.20%	Monthly	GBP		72,628	May 2023	GSI	—		(1,634	)		(1,634	)
Receive	Gilead Sciences, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		62,669	May 2023	GSI	—		(2,490	)		(2,490	)
Receive	Global Blood Therapeutics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		956,477	May 2023	GSI	—		(94,044	)		(94,044	)
Receive	Global Blood Therapeutics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		20,700	May 2023	GSI	—		(2,035	)		(2,035	)
Receive	Global Payments, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		3,898,917	May 2023	GSI	—		(370,809	)		(370,809	)
Receive	Global Payments, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		5,181,765	May 2023	GSI	—		(492,815	)		(492,815	)
Receive	Global Payments, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		386,423	May 2023	GSI	—		(36,750	)		(36,750	)
Receive	GlycoMimetics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		6,052	May 2023	GSI	—		(979	)		(979	)
Receive	GMO Financial Gate, Inc.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		42,400,000	May 2023	GSI	—		(57,322	)		(57,322	)
Receive	GMO Payment Gateway, Inc.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		40,080,000	May 2023	GSI	—		(16,918	)		(16,918	)

59     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)			Value
Receive	GMO Payment Gateway, Inc.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		16,083,317	May 2023	GSI	—		$4,945			$4,945
Receive	Guangzhou Automobile Group Company, Ltd., H Shares	1-Month HKD HIBOR + 0.20%	Monthly	HKD		35,398	May 2023	GSI	—		426			426
Receive	Guidewire Software, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,864,865	May 2023	GSI	—		(136,507	)		(136,507	)
Receive	Hannon Armstrong Sustainable Infrastructure Capital, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,946,945	May 2023	GSI	—		(127,580	)		(127,580	)
Receive	Heritage Commerce Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		117,210	May 2023	GSI	—		1,628			1,628
Receive	Hikma Pharmaceuticals PLC	1-Month GBP LIBOR + 0.20%	Monthly	GBP		29,572	May 2023	GSI	—		(1,766	)		(1,766	)
Receive	Hikma Pharmaceuticals PLC	1-Month GBP LIBOR + 0.20%	Monthly	GBP		34,650	May 2023	GSI	—		(2,070	)		(2,070	)
Receive	Hikma Pharmaceuticals PLC	1-Month GBP LIBOR + 0.20%	Monthly	GBP		50,805	May 2023	GSI	—		(3,035	)		(3,035	)
Receive	Hologic, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		695,065	May 2023	GSI	—		25,484			25,484
Receive	Hologic, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		74,478	May 2023	GSI	—		2,731			2,731
Receive	Hologic, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		144,244	May 2023	GSI	—		5,288			5,288
Receive	Humana, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		101,247	May 2023	GSI	—		(8,624	)		(8,624	)
Receive	Humana, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		191,584	May 2023	GSI	—		(16,319	)		(16,319	)
Receive	ICON PLC	1-Month USD LIBOR + 0.20%	Monthly	USD		76,452	May 2023	GSI	—		(8,667	)		(8,667	)
Receive	ICON PLC	1-Month USD LIBOR + 0.20%	Monthly	USD		144,161	May 2023	GSI	—		(16,342	)		(16,342	)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     60

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

IDEXX Laboratories, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

43,689

May 2023

GSI

—

$488

$488

Receive

IDEXX Laboratories, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

82,758

May 2023

GSI

—

924

924

Receive

IHS Markit, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

1,176,275

May 2023

GSI

—

(5,602)

(5,602)

Receive

IHS Markit, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

438,610

May 2023

GSI

—

(2,089)

(2,089)

Receive

ImmunoGen, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

31,820

May 2023

GSI

—

2,361

2,361

Receive

ImmunoGen, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

75,054

May 2023

GSI

—

5,568

5,568

Receive

Incyte Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

26,168

May 2023

GSI

—

(785)

(785)

Receive

Incyte Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

61,803

May 2023

GSI

—

(1,853)

(1,853)

Receive

Ingersoll Rand, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

621,647

May 2023

GSI

—

(38,454)

(38,454)

Receive

Ingersoll Rand, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

495,776

May 2023

GSI

—

(30,667)

(30,667)

Receive

Insulet Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

1,113,364

May 2023

GSI

—

(106,899)

(106,899)

Receive

Intact Financial Corp.

1-Month CAD CDOR + 0.20%

Monthly

CAD

1,040,452

May 2023

GSI

—

(24,657)

(24,657)

Receive

Intact Financial Corp.

1-Month CAD CDOR + 0.20%

Monthly

CAD

860,579

May 2023

GSI

—

(20,395)

(20,395)

Receive

Intermediate Capital Group PLC

1-Month GBP LIBOR + 0.20%

Monthly

GBP

48,726

May 2023

GSI

—

(7,257)

(7,257)

Receive

Intermediate Capital Group PLC

1-Month GBP LIBOR + 0.20%

Monthly

GBP

946,263

May 2023

GSI

—

(140,923)

(140,923)

Receive

Intuit, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

235,161

May 2023

GSI

—

(13,963)

(13,963)

Receive

Intuitive Surgical, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

84,295

May 2023

GSI

—

(7,589)

(7,589)

61     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Intuitive Surgical, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

158,328

May 2023

GSI

—

$(14,254)

$(14,254)

Receive

ITT, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

43,813

May 2023

GSI

—

(3,336)

(3,336)

Receive

ITT, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

281,934

May 2023

GSI

—

(21,466)

(21,466)

Receive

ITT, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

254,101

May 2023

GSI

—

(19,347)

(19,347)

Receive

ITT, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

783,260

May 2023

GSI

—

(59,636)

(59,636)

Receive

ITT, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

110,416

May 2023

GSI

—

(8,407)

(8,407)

Receive

ITT, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

627,984

May 2023

GSI

—

(47,814)

(47,814)

Receive

JPMorgan Chase & Co.

1-Month USD LIBOR + 0.20%

Monthly

USD

632,532

May 2023

GSI

—

(9,073)

(9,073)

Receive

JPMorgan Chase & Co.

1-Month USD LIBOR + 0.20%

Monthly

USD

264,375

May 2023

GSI

—

(3,792)

(3,792)

Receive

JPMorgan Chase & Co.

1-Month USD LIBOR + 0.20%

Monthly

USD

481,776

May 2023

GSI

—

(6,911)

(6,911)

Receive

JPMorgan Chase & Co.

1-Month USD LIBOR + 0.20%

Monthly

USD

434,201

May 2023

GSI

—

(6,228)

(6,228)

Receive

JPMorgan Chase & Co.

1-Month USD LIBOR + 0.20%

Monthly

USD

2,117,396

May 2023

GSI

—

(119,054)

(119,054)

Receive

KBC Group NV

1-Month EUR EURIBOR + 0.20%

Monthly

EUR

150,859

May 2023

GSI

—

(8,868)

(8,868)

Receive

KBC Group NV

1-Month EUR EURIBOR + 0.20%

Monthly

EUR

180,594

May 2023

GSI

—

(10,616)

(10,616)

Receive

Kodiak Sciences, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

42,120

May 2023

GSI

—

6,913

6,913

Receive

Kodiak Sciences, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

99,372

May 2023

GSI

—

16,311

16,311

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     62

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Koninklijke Philips NV

1-Month EUR EURIBOR + 0.20%

Monthly

EUR

108,327

May 2023

GSI

—

$(9,737)

$(9,737)

Receive

Koninklijke Philips NV

1-Month EUR EURIBOR + 0.20%

Monthly

EUR

2,161

May 2023

GSI

—

(194)

(194)

Receive

Lennar Corp., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

488,496

May 2023

GSI

—

(75,178)

(75,178)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.20%

Monthly

HKD

26,049

May 2023

GSI

—

(132)

(132)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.20%

Monthly

HKD

94,899

May 2023

GSI

—

(480)

(480)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.20%

Monthly

HKD

133,978

May 2023

GSI

—

(677)

(677)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.20%

Monthly

HKD

102,344

May 2023

GSI

—

(517)

(517)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.20%

Monthly

HKD

113,509

May 2023

GSI

—

(574)

(574)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.20%

Monthly

HKD

53,962

May 2023

GSI

—

(273)

(273)

Receive

Madrigal Pharmaceuticals, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

371,128

May 2023

GSI

—

2,697

2,697

Receive

Madrigal Pharmaceuticals, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

48,254

May 2023

GSI

—

351

351

Receive

Madrigal Pharmaceuticals, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

172,300

May 2023

GSI

—

1,252

1,252

Receive

Masimo Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

29,069

May 2023

GSI

—

(1,542)

(1,542)

Receive

Masimo Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

54,829

May 2023

GSI

—

(2,908)

(2,908)

Receive

McDonald’s Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

1,215,493

May 2023

GSI

—

(77,338)

(77,338)

Receive

Medical Properties Trust, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

421,169

May 2023

GSI

—

(1,922)

(1,922)

63     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Mersana Therapeutics, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

51,956

May 2023

GSI

—

$2,189

$2,189

Receive

Mirati Therapeutics, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

86,202

May 2023

GSI

—

12,805

12,805

Receive

Molina Healthcare, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

50,824

May 2023

GSI

—

(4,957)

(4,957)

Receive

Molina Healthcare, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

165,280

May 2023

GSI

—

(16,120)

(16,120)

Receive

Multiplan Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

173,388

May 2023

GSI

—

(22,543)

(22,543)

Receive

Multiplan Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

414,449

May 2023

GSI

—

(53,884)

(53,884)

Receive

Mylan NV

1-Month USD LIBOR + 0.20%

Monthly

USD

1,099,166

May 2023

GSI

—

(55,388)

(55,388)

Receive

Nexi SpA

1-Month EUR EURIBOR + 0.20%

Monthly

EUR

815,526

May 2023

GSI

—

(125,599)

(125,599)

Receive

Nexi SpA

1-Month EUR EURIBOR + 0.20%

Monthly

EUR

140,342

May 2023

GSI

—

(21,614)

(21,614)

Receive

Nexi SpA

1-Month EUR EURIBOR + 0.20%

Monthly

EUR

729,874

May 2023

GSI

—

(112,408)

(112,408)

Receive

NextCure, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

4,673

May 2023

GSI

—

(752)

(752)

Receive

Novartis AG

1-Month CHF LIBOR + 0.20%

Monthly

CHF

10,110

May 2023

GSI

—

(890)

(890)

Receive

Novartis AG

1-Month CHF LIBOR + 0.20%

Monthly

CHF

52,650

May 2023

GSI

—

(4,637)

(4,637)

Receive

Novartis AG

1-Month CHF LIBOR + 0.20%

Monthly

CHF

77,226

May 2023

GSI

—

(6,801)

(6,801)

Receive

Novartis AG

1-Month CHF LIBOR + 0.20%

Monthly

CHF

807,719

May 2023

GSI

—

(71,132)

(71,132)

Receive

Nurix Therapeutics, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

105,589

May 2023

GSI

—

(5,172)

(5,172)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     64

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)	Unrealized appreciation (depreciation)			Value
Receive	NuVasive, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		32,821	May 2023	GSI	—		$(5,011)			$(5,011)
Receive	NuVasive, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		61,920	May 2023	GSI	—		(9,454	)		(9,454	)
Receive	Odonate Therapeutics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		24,994	May 2023	GSI	—		(2,027	)		(2,027	)
Receive	Ollie’s Bargain Outlet Holdings, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,080,939	May 2023	GSI	—		(68,797	)		(68,797	)
Receive	Ono Pharmaceutical Company, Ltd.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		13,612,000	May 2023	GSI	—		(13,628	)		(13,628	)
Receive	Ono Pharmaceutical Company, Ltd.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		6,158,600	May 2023	GSI	—		(6,168	)		(6,168	)
Receive	Ono Pharmaceutical Company, Ltd.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		16,268,000	May 2023	GSI	—		(16,294	)		(16,294	)
Receive	Ono Pharmaceutical Company, Ltd.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		23,904,000	May 2023	GSI	—		(23,942	)		(23,942	)
Receive	Paycom Software, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		532,012	May 2023	GSI	—		(28,526	)		(28,526	)
Receive	Penumbra, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		35,926	May 2023	GSI	—		8,185			8,185
Receive	Penumbra, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		67,813	May 2023	GSI	—		15,449			15,449
Receive	Polaris, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		881,083	May 2023	GSI	—		(42,894	)		(42,894	)
Receive	Polaris, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		425,548	May 2023	GSI	—		(20,717	)		(20,717	)
Receive	Polaris, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		358,221	May 2023	GSI	—		(17,439	)		(17,439	)
Receive	Polaris, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		280,388	May 2023	GSI	—		(13,649	)		(13,649	)
Receive	Popular, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		96,771	May 2023	GSI	—		7,158			7,158

65     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Popular, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

146,827

May 2023

GSI

—

$10,861

$10,861

Receive

Popular, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

90,603

May 2023

GSI

—

6,702

6,702

Receive

Popular, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

53,631

May 2023

GSI

—

3,967

3,967

Receive

Popular, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

404,255

May 2023

GSI

—

29,902

29,902

Receive

PPD, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

91,756

May 2023

GSI

—

(9,335)

(9,335)

Receive

PRA Health Sciences, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

73,779

May 2023

GSI

—

(7,916)

(7,916)

Receive

PRA Health Sciences, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

21,828

May 2023

GSI

—

(2,342)

(2,342)

Receive

Prudential PLC

1-Month GBP LIBOR + 0.20%

Monthly

GBP

130,345

May 2023

GSI

—

(23,283)

(23,283)

Receive

R1 RCM, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

17,724

May 2023

GSI

—

947

947

Receive

R1 RCM, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

80,815

May 2023

GSI

—

4,316

4,316

Receive

Radius Health, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

159,534

May 2023

GSI

—

1,285

1,285

Receive

Regeneron Pharmaceuticals, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

126,859

May 2023

GSI

—

(7,287)

(7,287)

Receive

RenaissanceRe Holdings, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

639,433

May 2023

GSI

—

(40,159)

(40,159)

Receive

Rexnord Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

993,707

May 2023

GSI

—

12,450

12,450

Receive

Rexnord Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

407,722

May 2023

GSI

—

5,108

5,108

Receive

Rexnord Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

204,780

May 2023

GSI

—

2,566

2,566

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     66

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Rexnord Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		327,730	May 2023	GSI		—	$	4,106		$	4,106
Receive	Rexnord Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		474,661	May 2023	GSI		—		5,947			5,947
Receive	Rhythm Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		19,548	May 2023	GSI		—		(984	)		(984	)
Receive	Roche Holding AG	1-Month CHF LIBOR + 0.20%	Monthly	CHF		92,115	May 2023	GSI		—		(4,024	)		(4,024	)
Receive	Sarepta Therapeutics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		60,638	May 2023	GSI		—		(707	)		(707	)
Receive	Schneider Electric SE	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		545,899	May 2023	GSI		—		(21,232	)		(21,232	)
Receive	Schneider Electric SE	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		443,166	May 2023	GSI		—		(17,236	)		(17,236	)
Receive	Seagen, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		80,594	May 2023	GSI		—		(12,714	)		(12,714	)
Receive	Seagen, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		118,812	May 2023	GSI		—		(18,743	)		(18,743	)
Receive	Shenzhen Airport Company, Ltd., Class A	1-Month USD LIBOR + 0.75%	Monthly	USD		13,617	May 2023	GSI		—		(1,234	)		(1,234	)
Receive	South State Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		302,807	May 2023	GSI		—		23,260			23,260
Receive	South State Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		302,122	May 2023	GSI		—		23,207			23,207
Receive	Standard Chartered PLC	1-Month GBP LIBOR + 0.20%	Monthly	GBP		546,424	May 2023	GSI		—		(53,613	)		(53,613	)
Receive	Standard Chartered PLC	1-Month GBP LIBOR + 0.20%	Monthly	GBP		101,380	May 2023	GSI		—		(9,947	)		(9,947	)
Receive	Standard Chartered PLC	1-Month GBP LIBOR + 0.20%	Monthly	GBP		60,234	May 2023	GSI		—		(5,910	)		(5,910	)
Receive	STERIS PLC	1-Month USD LIBOR + 0.20%	Monthly	USD		42,672	May 2023	GSI		—		(2,099	)		(2,099	)

67     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	STERIS PLC	1-Month USD LIBOR + 0.20%	Monthly	USD		80,685	May 2023	GSI		—		$(3,970	)		$(3,970	)
Receive	Syndax Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		25,980	May 2023	GSI		—		1,682			1,682
Receive	Syndax Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		61,296	May 2023	GSI		—		3,968			3,968
Receive	Synovus Financial Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		170,745	May 2023	GSI		—		8,535			8,535
Receive	Synovus Financial Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		304,672	May 2023	GSI		—		15,229			15,229
Receive	Tandem Diabetes Care, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		67,943	May 2023	GSI		—		(4,511	)		(4,511	)
Receive	Tandem Diabetes Care, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		128,064	May 2023	GSI		—		(8,503	)		(8,503	)
Receive	Tecan Group AG	1-Month CHF LIBOR + 0.20%	Monthly	CHF		93,808	May 2023	GSI		—		(5,053	)		(5,053	)
Receive	Teleflex, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		39,798	May 2023	GSI		—		(4,797	)		(4,797	)
Receive	Teleflex, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		174,388	May 2023	GSI		—		(21,018	)		(21,018	)
Receive	Tetra Tech, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		448,591	May 2023	GSI		—		(20,372	)		(20,372	)
Receive	Tetra Tech, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		598,262	May 2023	GSI		—		(27,169	)		(27,169	)
Receive	Tetra Tech, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,449,781	May 2023	GSI		—		(65,840	)		(65,840	)
Receive	The Boston Beer Company, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		1,304,278	May 2023	GSI		—		178,506			178,506
Receive	The Boston Beer Company, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		509,098	May 2023	GSI		—		69,676			69,676
Receive	The Charles Schwab Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		321,727	May 2023	GSI		—		16,249			16,249

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     68

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Third Point Reinsurance, Ltd.	1-Month USD LIBOR + 0.20%	Monthly	USD		171,083	May 2023	GSI		—		$(3,464	)		$(3,464	)
Receive	Third Point Reinsurance, Ltd.	1-Month USD LIBOR + 0.20%	Monthly	USD		83,370	May 2023	GSI		—		(1,688	)		(1,688	)
Receive	Third Point Reinsurance, Ltd.	1-Month USD LIBOR + 0.20%	Monthly	USD		41,677	May 2023	GSI		—		(844	)		(844	)
Receive	Third Point Reinsurance, Ltd.	1-Month USD LIBOR + 0.20%	Monthly	USD		46,020	May 2023	GSI		—		(932	)		(932	)
Receive	Thor Industries, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		425,545	May 2023	GSI		—		(49,589	)		(49,589	)
Receive	Thor Industries, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		430,258	May 2023	GSI		—		(50,139	)		(50,139	)
Receive	Trane Technologies PLC	1-Month USD LIBOR + 0.20%	Monthly	USD		313,715	May 2023	GSI		—		9,767			9,767
Receive	TriNet Group, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		3,233,371	May 2023	GSI		—		(69,637	)		(69,637	)
Receive	TriNet Group, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		16,621	May 2023	GSI		—		(358	)		(358	)
Receive	Triumph Bancorp, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		115,702	May 2023	GSI		—		(5,079	)		(5,079	)
Receive	Triumph Bancorp, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		115,969	May 2023	GSI		—		(4,966	)		(4,966	)
Receive	Triumph Bancorp, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		176,820	May 2023	GSI		—		(9,701	)		(9,701	)
Receive	Turning Point Therapeutics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		116,520	May 2023	GSI		—		(17,335	)		(17,335	)
Receive	UCB SA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		53,384	May 2023	GSI		—		(5,058	)		(5,058	)
Receive	UCB SA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		62,512	May 2023	GSI		—		(5,922	)		(5,922	)
Receive	UCB SA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		91,739	May 2023	GSI		—		(8,691	)		(8,691	)

69     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

UCB SA

1-Month EUR EURIBOR + 0.20%

Monthly

EUR

180,620

May 2023

GSI

—

$(17,112

)

$(17,112

)

Receive

UCB SA

1-Month EUR EURIBOR + 0.20%

Monthly

EUR

663,010

May 2023

GSI

—

(62,812

)

(62,812

)

Receive

UnitedHealth Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

178,199

May 2023

GSI

—

(10,084

)

(10,084

)

Receive

UroGen Pharma, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

24,107

May 2023

GSI

—

975

975

Receive

UroGen Pharma, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

69,811

May 2023

GSI

—

2,828

2,828

Receive

UroGen Pharma, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

80,458

May 2023

GSI

—

3,259

3,259

Receive

UroGen Pharma, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

53,516

May 2023

GSI

—

2,163

2,163

Receive

UroGen Pharma, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

71,888

May 2023

GSI

—

2,908

2,908

Receive

UroGen Pharma, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

10,257

May 2023

GSI

—

415

415

Receive

UroGen Pharma, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

16,684

May 2023

GSI

—

675

675

Receive

UroGen Pharma, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

14,953

May 2023

GSI

—

605

605

Receive

UroGen Pharma, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

17,831

May 2023

GSI

—

721

721

Receive

UroGen Pharma, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

16,252

May 2023

GSI

—

657

657

Receive

UroGen Pharma, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

18,935

May 2023

GSI

—

766

766

Receive

UroGen Pharma, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

45,444

May 2023

GSI

—

1,844

1,844

Receive

UroGen Pharma, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

235,616

May 2023

GSI

—

9,559

9,559

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     70

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

UroGen Pharma, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

32,460

May 2023

GSI

—

$1,317

$1,317

Receive

UroGen Pharma, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

17,312

May 2023

GSI

—

702

702

Receive

UroGen Pharma, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

58,428

May 2023

GSI

—

2,370

2,370

Receive

UroGen Pharma, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

22,354

May 2023

GSI

—

907

907

Receive

UroGen Pharma, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

52,737

May 2023

GSI

—

2,140

2,140

Receive

Veracyte, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

48,697

May 2023

GSI

—

(7,595

)

(7,595

)

Receive

Veracyte, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

91,892

May 2023

GSI

—

(14,332

)

(14,332

)

Receive

Vertex Pharmaceuticals, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

45,268

May 2023

GSI

—

(1,308

)

(1,308

)

Receive

Vertex Pharmaceuticals, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

117,997

May 2023

GSI

—

(3,410

)

(3,410

)

Receive

Western Alliance Bancorp

1-Month USD LIBOR + 0.20%

Monthly

USD

324,109

May 2023

GSI

—

24,783

24,783

Receive

Western Alliance Bancorp

1-Month USD LIBOR + 0.20%

Monthly

USD

642,936

May 2023

GSI

—

49,162

49,162

Receive

Western Alliance Bancorp

1-Month USD LIBOR + 0.20%

Monthly

USD

133,141

May 2023

GSI

—

10,181

10,181

Receive

Western Alliance Bancorp

1-Month USD LIBOR + 0.20%

Monthly

USD

243,129

May 2023

GSI

—

18,591

18,591

Receive

Western Alliance Bancorp

1-Month USD LIBOR + 0.20%

Monthly

USD

288,179

May 2023

GSI

—

(6,220

)

(6,220

)

Receive

Western Alliance Bancorp

1-Month USD LIBOR + 0.20%

Monthly

USD

381,293

May 2023

GSI

—

(2,706

)

(2,706

)

Receive

Wintrust Financial Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

405,654

May 2023

GSI

—

3,703

3,703

71     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Worldline SA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		1,378,168	May 2023	GSI		—		$(171,635	)		$(171,635	)
Receive	Zhejiang HangKe Technology, Inc.	1-Month USD LIBOR + 0.75%	Monthly	USD		16,880	May 2023	GSI		—		(1,472	)		(1,472	)
Receive	Abbott Laboratories	1-Month USD LIBOR + 0.20%	Monthly	USD		1,377,301	May 2023	JPM		—		(39,534	)		(39,534	)
Receive	Acadia Healthcare Company, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		637,664	May 2023	JPM		—		75,320			75,320
Receive	Acadia Healthcare Company, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		95,034	May 2023	JPM		—		11,215			11,215
Receive	Adobe, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		346,367	May 2023	JPM		—		(28,114	)		(28,114	)
Receive	Advanced Micro Devices, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		433,335	May 2023	JPM		—		(54,731	)		(54,731	)
Receive	Advanced Micro Devices, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		844,959	May 2023	JPM		—		(106,720	)		(106,720	)
Receive	Advanced Micro Devices, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		595,813	May 2023	JPM		—		(75,252	)		(75,252	)
Receive	AerCap Holdings NV	1-Month USD LIBOR + 0.20%	Monthly	USD		93,968	May 2023	JPM		—		(7,596	)		(7,596	)
Receive	Agilent Technologies, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,357,781	May 2023	JPM		—		(11,522	)		(11,522	)
Receive	Agios Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		118,865	May 2023	JPM		—		12,133			12,133
Receive	Agios Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		566,515	May 2023	JPM		—		57,825			57,825
Receive	Agios Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		14,831	May 2023	JPM		—		1,514			1,514
Receive	AIA Group, Ltd.	1-Month HKD HIBOR + 0.30%	Monthly	HKD		3,835,592	May 2023	JPM		—		(40,794	)		(40,794	)
Receive	ALD SA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		471	May 2023	JPM		—		44			44

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     72

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

ALD SA

1-Month EUR EURIBOR + 0.20%

Monthly

EUR

34,974

May 2023

JPM

—

$3,232

$3,232

Receive

ALD SA

1-Month EUR EURIBOR + 0.20%

Monthly

EUR

140,711

May 2023

JPM

—

13,003

13,003

Receive

Alibaba Group Holding, Ltd., ADR

1-Month USD LIBOR + 0.20%

Monthly

USD

800,814

May 2023

JPM

—

45,420

45,420

Receive

Alibaba Group Holding, Ltd., ADR

1-Month USD LIBOR + 0.20%

Monthly

USD

915,834

May 2023

JPM

—

51,944

51,944

Receive

Alibaba Group Holding, Ltd., ADR

1-Month USD LIBOR + 0.20%

Monthly

USD

355,725

May 2023

JPM

—

20,176

20,176

Receive

Align Technology, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

505,465

May 2023

JPM

—

168,442

168,442

Receive

Align Technology, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

732,636

May 2023

JPM

—

244,189

244,189

Receive

Allscripts Healthcare Solutions, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

122,253

May 2023

JPM

—

26,365

26,365

Receive

Allscripts Healthcare Solutions, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

27,017

May 2023

JPM

—

5,827

5,827

Receive

Alnylam Pharmaceuticals, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

1,000,248

May 2023

JPM

—

(134,185

)

(134,185

)

Receive

Alphabet, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

2,292,455

May 2023

JPM

—

205,494

205,494

Receive

Alphabet, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

599,322

May 2023

JPM

—

22,777

22,777

Receive

Alphabet, Inc., Class C

1-Month USD LIBOR + 0.20%

Monthly

USD

2,533,664

May 2023

JPM

—

229,543

229,543

Receive

Amazon.com, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

5,816,146

May 2023

JPM

—

(297,837

)

(297,837

)

Receive

Amazon.com, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

2,596,185

May 2023

JPM

—

(179,409

)

(179,409

)

Receive

Amedisys, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

320,880

May 2023

JPM

—

25,325

25,325

73     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Amedisys, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

1,095,120

May 2023

JPM

—

$86,430

$86,430

Receive

American International Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

52,639

May 2023

JPM

—

4,408

4,408

Receive

American Tower Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

392,248

May 2023

JPM

—

(20,310

)

(20,310

)

Receive

American Tower Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

195,637

May 2023

JPM

—

(10,106

)

(10,106

)

Receive

Amgen, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

2,809,966

May 2023

JPM

—

(429,515

)

(429,515

)

Receive

Amgen, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

212,744

May 2023

JPM

—

(32,517

)

(32,517

)

Receive

Amneal Pharmaceuticals, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

20,650

May 2023

JPM

—

145

145

Receive

Amneal Pharmaceuticals, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

51,951

May 2023

JPM

—

364

364

Receive

Amneal Pharmaceuticals, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

33,209

May 2023

JPM

—

232

232

Receive

Anthem, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

1,614,475

May 2023

JPM

—

(68,193

)

(68,193

)

Receive

Arena Pharmaceuticals, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

49,087

May 2023

JPM

—

5,932

5,932

Receive

Ares Management Corp., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

203,983

May 2023

JPM

—

192

192

Receive

Ares Management Corp., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

506,747

May 2023

JPM

—

477

477

Receive

Ares Management Corp., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

661,297

May 2023

JPM

—

622

622

Receive

ASML Holding NV, NYRS

1-Month USD LIBOR + 0.20%

Monthly

USD

1,295,353

May 2023

JPM

—

(71,166

)

(71,166

)

Receive

ASML Holding NV, NYRS

1-Month USD LIBOR + 0.20%

Monthly

USD

592,653

May 2023

JPM

—

(32,560

)

(32,560

)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     74

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

ASML Holding NV, NYRS

1-Month USD LIBOR + 0.20%

Monthly

USD

202,900

May 2023

JPM

—

$(11,147)

$(11,147)

Receive

Assured Guaranty, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

108,132

May 2023

JPM

—

(8,210)

(8,210)

Receive

Astellas Pharma, Inc.

1-Month JPY LIBOR + 0.20%

Monthly

JPY

7,946,394

May 2023

JPM

—

(3,728)

(3,728)

Receive

Astellas Pharma, Inc.

1-Month JPY LIBOR + 0.20%

Monthly

JPY

27,863,685

May 2023

JPM

—

(13,069)

(13,069)

Receive

Astellas Pharma, Inc.

1-Month JPY LIBOR + 0.20%

Monthly

JPY

43,563,321

May 2023

JPM

—

(20,433)

(20,433)

Receive

Atlassian Corp. PLC, Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

2,141,488

May 2023

JPM

—

54,149

54,149

Receive

Australia & New Zealand Banking Group, Ltd.

1-Month AUD BBSW + 0.30%

Monthly

AUD

93,948

May 2023

JPM

—

3,730

3,730

Receive

Australia & New Zealand Banking Group, Ltd.

1-Month AUD BBSW + 0.30%

Monthly

AUD

372,625

May 2023

JPM

—

14,793

14,793

Receive

AXA SA

1-Month EUR EURIBOR + 0.20%

Monthly

EUR

153,890

May 2023

JPM

—

(23,906)

(23,906)

Receive

Bank of America Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

169,213

May 2023

JPM

—

(6,364)

(6,364)

Receive

Bank of America Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

437,117

May 2023

JPM

—

(10,750)

(10,750)

Receive

Baxter International, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

4,109

May 2023

JPM

—

(141)

(141)

Receive

Baxter International, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

574,464

May 2023

JPM

—

(21,529)

(21,529)

Receive

Becton, Dickinson and Company

1-Month USD LIBOR + 0.20%

Monthly

USD

1,593,633

May 2023

JPM

—

(47,298)

(47,298)

Receive

Becton, Dickinson and Company

1-Month USD LIBOR + 0.20%

Monthly

USD

826,108

May 2023

JPM

—

(24,518)

(24,518)

Receive

Becton, Dickinson and Company

1-Month USD LIBOR + 0.20%

Monthly

USD

244,570

May 2023

JPM

—

(7,258)

(7,258)

75     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Becton, Dickinson and Company

1-Month USD LIBOR + 0.20%

Monthly

USD

693,226

May 2023

JPM

—

$(20,575)

$(20,575)

Receive

Biohaven Pharmaceutical Holding Company, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

421,852

May 2023

JPM

—

52,721

52,721

Receive

Biohaven Pharmaceutical Holding Company, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

757,240

May 2023

JPM

—

94,636

94,636

Receive

Boston Scientific Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

402,995

May 2023

JPM

—

(51,140)

(51,140)

Receive

Boston Scientific Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

173,285

May 2023

JPM

—

(21,148)

(21,148)

Receive

Brenntag AG

1-Month EUR EURIBOR + 0.20%

Monthly

EUR

1,021,409

May 2023

JPM

—

(7,317)

(7,317)

Receive

Brenntag AG

1-Month EUR EURIBOR + 0.20%

Monthly

EUR

116,641

May 2023

JPM

—

(836)

(836)

Receive

Ceridian HCM Holding, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

415,658

May 2023

JPM

—

(9,662)

(9,662)

Receive

Charter Communications, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

535,713

May 2023

JPM

—

(25,615)

(25,615)

Receive

Charter Communications, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

698,012

May 2023

JPM

—

(33,376)

(33,376)

Receive

Cognizant Technology Solutions Corp., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

608,721

May 2023

JPM

—

4,060

4,060

Receive

Cognizant Technology Solutions Corp., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

363,800

May 2023

JPM

—

2,427

2,427

Receive

ConvaTec Group PLC

1-Month GBP LIBOR + 0.20%

Monthly

GBP

25,593

May 2023

JPM

—

1,224

1,224

Receive

Credicorp, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

198,392

May 2023

JPM

—

(15,181)

(15,181)

Receive

Credicorp, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

106,893

May 2023

JPM

—

(8,180)

(8,180)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     76

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Credit Agricole SA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		671,336	May 2023	JPM		—		$(62,478	)		$(62,478	)
Receive	CTT-Correios de Portugal SA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		286,315	May 2023	JPM		—		(56,906	)		(56,906	)
Receive	Daiichi Sankyo Company, Ltd.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		11,578,230	May 2023	JPM		—		(12,249	)		(12,249	)
Receive	Daiichi Sankyo Company, Ltd.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		19,049,850	May 2023	JPM		—		(20,153	)		(20,153	)
Receive	Daiichi Sankyo Company, Ltd.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		33,353,460	May 2023	JPM		—		(35,283	)		(35,283	)
Receive	Daiichi Sankyo Company, Ltd.	1-Month JPY LIBOR + 0.20%	Monthly	JPY		33,353,460	May 2023	JPM		—		(35,282	)		(35,282	)
Receive	DexCom, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,920,965	May 2023	JPM		—		(316,496	)		(316,496	)
Receive	DNB ASA	1-Month NOK NIBOR + 0.20%	Monthly	NOK		2,158,270	May 2023	JPM		—		(5,136	)		(5,136	)
Receive	Edenred	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		639,626	May 2023	JPM		—		15,963			15,963
Receive	Edenred	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		156,526	May 2023	JPM		—		3,906			3,906
Receive	Edwards Lifesciences Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		395,460	May 2023	JPM		—		(41,837	)		(41,837	)
Receive	Electronic Arts, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		604,580	May 2023	JPM		—		(50,509	)		(50,509	)
Receive	Electronic Arts, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		289,311	May 2023	JPM		—		(16,987	)		(16,987	)
Receive	Eli Lilly and Company	1-Month USD LIBOR + 0.20%	Monthly	USD		933,377	May 2023	JPM		—		(23,810	)		(23,810	)
Receive	Encompass Health Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		30,221	May 2023	JPM		—		(2,082	)		(2,082	)
Receive	Encompass Health Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		213,798	May 2023	JPM		—		(14,730	)		(14,730	)

77     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Engie SA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		7,597	May 2023	JPM		—		$(865	)		$(865	)
Receive	Engie SA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		13,513	May 2023	JPM		—		(1,538	)		(1,538	)
Receive	Facebook, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		2,424,723	May 2023	JPM		—		(14,698	)		(14,698	)
Receive	Facebook, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		386,389	May 2023	JPM		—		(2,342	)		(2,342	)
Receive	Facebook, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		344,574	May 2023	JPM		—		(2,089	)		(2,089	)
Receive	Fidelity National Information Services, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		808,205	May 2023	JPM		—		(116,677	)		(116,677	)
Receive	Fidelity National Information Services, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		348,931	May 2023	JPM		—		(50,313	)		(50,313	)
Receive	Fidelity National Information Services, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		771,958	May 2023	JPM		—		(111,445	)		(111,445	)
Receive	Fidelity National Information Services, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		321,273	May 2023	JPM		—		(46,382	)		(46,382	)
Receive	Fidelity National Information Services, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		153,867	May 2023	JPM		—		(22,213	)		(22,213	)
Receive	Fidelity National Information Services, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		253,729	May 2023	JPM		—		(36,629	)		(36,629	)
Receive	Fidelity National Information Services, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		141,494	May 2023	JPM		—		(20,427	)		(20,427	)
Receive	First Busey Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		67,958	May 2023	JPM		—		3,034			3,034
Receive	First Busey Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		69,160	May 2023	JPM		—		1,834			1,834

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     78

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

First Busey Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

47,419

May 2023

JPM

—

$851

$851

Receive

First Busey Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

35,368

May 2023

JPM

—

139

139

Receive

First Busey Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

107,640

May 2023

JPM

—

(2,926)

(2,926)

Receive

FirstRand, Ltd.

1-Month ZAR JIBAR + 0.80%

Monthly

ZAR

2,354,245

May 2023

JPM

—

(12,074)

(12,074)

Receive

FirstRand, Ltd.

1-Month ZAR JIBAR + 0.80%

Monthly

ZAR

8,073,210

May 2023

JPM

—

(41,408)

(41,408)

Receive

FleetCor Technologies, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

160,076

May 2023

JPM

—

(12,106)

(12,106)

Receive

FleetCor Technologies, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

277,864

May 2023

JPM

—

(21,014)

(21,014)

Receive

FleetCor Technologies, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

455,620

May 2023

JPM

—

(34,456)

(34,456)

Receive

FleetCor Technologies, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

162,227

May 2023

JPM

—

(12,268)

(12,268)

Receive

FleetCor Technologies, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

225,063

May 2023

JPM

—

(17,020)

(17,020)

Receive

Galapagos NV

1-Month EUR EURIBOR + 0.20%

Monthly

EUR

9,001

May 2023

JPM

—

(1,862)

(1,862)

Receive

Genmab A/S

1-Month DKK CIBOR + 0.20%

Monthly

DKK

799,310

May 2023

JPM

—

(13,469)

(13,469)

Receive

Genmab A/S

1-Month DKK CIBOR + 0.20%

Monthly

DKK

322,110

May 2023

JPM

—

(5,428)

(5,428)

Receive

Global Payments, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

225,769

May 2023

JPM

—

(24,074)

(24,074)

Receive

Global Payments, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

331,328

May 2023

JPM

—

(35,331)

(35,331)

Receive

Global Payments, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

602,463

May 2023

JPM

—

(64,244)

(64,244)

Receive

Global Payments, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

160,457

May 2023

JPM

—

(17,110)

(17,110)

79     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Global Payments, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

158,362

May 2023

JPM

—

$(14,834)

$(14,834)

Receive

GlycoMimetics, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

40,613

May 2023

JPM

—

(5,848)

(5,848)

Receive

GoDaddy, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

35,461

May 2023

JPM

—

(2,944)

(2,944)

Receive

GoDaddy, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

169,752

May 2023

JPM

—

(14,091)

(14,091)

Receive

GoDaddy, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

679,009

May 2023

JPM

—

(56,365)

(56,365)

Receive

GoDaddy, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

2,115,118

May 2023

JPM

—

(174,739)

(174,739)

Receive

Hamilton Lane, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

806,301

May 2023

JPM

—

21,959

21,959

Receive

Hamilton Lane, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

462,807

May 2023

JPM

—

12,607

12,607

Receive

Hamilton Lane, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

572,559

May 2023

JPM

—

(11,781)

(11,781)

Receive

HCA Healthcare, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

813,432

May 2023

JPM

—

(39,129)

(39,129)

Receive

Health Catalyst, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

740,206

May 2023

JPM

—

(31,236)

(31,236)

Receive

Health Catalyst, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

42,540

May 2023

JPM

—

(1,795)

(1,795)

Receive

Health Catalyst, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

80,294

May 2023

JPM

—

(3,388)

(3,388)

Receive

Hologic, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

408,690

May 2023

JPM

—

5,438

5,438

Receive

Hologic, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

81,684

May 2023

JPM

—

1,087

1,087

Receive

Hologic, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

327,006

May 2023

JPM

—

4,352

4,352

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     80

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

HubSpot, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

370,007

May 2023

JPM

—

$615

$615

Receive

Humana, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

2,429,180

May 2023

JPM

—

(118,082)

(118,082)

Receive

Humana, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

681,883

May 2023

JPM

—

(33,214)

(33,214)

Receive

Hutchison China MediTech, Ltd., ADR

1-Month USD LIBOR + 0.20%

Monthly

USD

21,118

May 2023

JPM

—

(2,076)

(2,076)

Receive

IDEXX Laboratories, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

863,999

May 2023

JPM

—

71,247

71,247

Receive

IDEXX Laboratories, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

155,771

May 2023

JPM

—

12,845

12,845

Receive

II-VI, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

66,674

May 2023

JPM

—

3,879

3,879

Receive

II-VI, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

820,880

May 2023

JPM

—

47,764

47,764

Receive

Incyte Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

970,811

May 2023

JPM

—

(59,768)

(59,768)

Receive

Incyte Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

278,469

May 2023

JPM

—

(17,150)

(17,150)

Receive

Ingersoll Rand, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

1,031,487

May 2023

JPM

—

(55,302)

(55,302)

Receive

Intact Financial Corp.

1-Month CAD CDOR + 0.20%

Monthly

CAD

3,748

May 2023

JPM

—

(129)

(129)

Receive

Integra LifeSciences Holdings Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

906,971

May 2023

JPM

—

(81,992)

(81,992)

Receive

Intuitive Surgical, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

593,053

May 2023

JPM

—

(34,182)

(34,182)

Receive

Kasikornbank PCL, NVDR

1-Month USD LIBOR + 1.00%

Monthly

USD

44,408

May 2023

JPM

—

1,003

1,003

Receive

KB Financial Group, Inc.

1-Month USD LIBOR + 0.50%

Monthly

USD

6,511

May 2023

JPM

—

377

377

81     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

KBC Group NV

1-Month EUR EURIBOR + 0.20%

Monthly

EUR

54,920

May 2023

JPM

—

$(1,303)

$(1,303)

Receive

Laboratory Corp. of America Holdings

1-Month USD LIBOR + 0.20%

Monthly

USD

798,689

May 2023

JPM

—

27,565

27,565

Receive

Leidos Holdings, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

237,215

May 2023

JPM

—

(18,069)

(18,069)

Receive

Leidos Holdings, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

101,586

May 2023

JPM

—

(7,738)

(7,738)

Receive

Lennar Corp., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

1,951,150

May 2023

JPM

—

(294,987)

(294,987)

Receive

LiveRamp Holdings, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

439,655

May 2023

JPM

—

86,248

86,248

Receive

LPL Financial Holdings, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

267,542

May 2023

JPM

—

1,518

1,518

Receive

Madrigal Pharmaceuticals, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

291,644

May 2023

JPM

—

20,174

20,174

Receive

Match Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

863,929

May 2023

JPM

—

20,470

20,470

Receive

Match Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

258,437

May 2023

JPM

—

6,124

6,124

Receive

Match Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

352,985

May 2023

JPM

—

8,364

8,364

Receive

Match Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

338,386

May 2023

JPM

—

8,017

8,017

Receive

Match Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

237,566

May 2023

JPM

—

5,631

5,631

Receive

McDonald’s Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

2,684,581

May 2023

JPM

—

(155,856)

(155,856)

Receive

Medical Properties Trust, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

1,382,697

May 2023

JPM

—

(45,440)

(45,440)

Receive

Meridian Bancorp, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

56,460

May 2023

JPM

—

3,601

3,601

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     82

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Meridian Bancorp, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

38,521

May 2023

JPM

—

$2,072

$2,072

Receive

Meridian Bancorp, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

63,294

May 2023

JPM

—

4,896

4,896

Receive

Meridian Bancorp, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

74,953

May 2023

JPM

—

6,209

6,209

Receive

Meridian Bancorp, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

75,373

May 2023

JPM

—

5,779

5,779

Receive

Meridian Bancorp, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

88,535

May 2023

JPM

—

4,595

4,595

Receive

Micron Technology, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

747,584

May 2023

JPM

—

(25,277)

(25,277)

Receive

Mimecast, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

643,983

May 2023

JPM

—

(135,442)

(135,442)

Receive

Mimecast, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

586,136

May 2023

JPM

—

(124,809)

(124,809)

Receive

Molecular Partners AG

1-Month CHF LIBOR + 0.20%

Monthly

CHF

547,995

May 2023

JPM

—

25,243

25,243

Receive

Molecular Partners AG

1-Month CHF LIBOR + 0.20%

Monthly

CHF

19,911

May 2023

JPM

—

—

—

Receive

Molina Healthcare, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

202,327

May 2023

JPM

—

(14,984)

(14,984)

Receive

Moneta Money Bank AS

Fixed 0.75%

Monthly

CZK

4,830,807

May 2023

JPM

—

(2,419)

(2,419)

Receive

Moneta Money Bank AS

Fixed 0.75%

Monthly

CZK

1,055,438

May 2023

JPM

—

(528)

(528)

Receive

Moneta Money Bank AS

Fixed 0.75%

Monthly

CZK

1,630,887

May 2023

JPM

—

(817)

(817)

Receive

Moneta Money Bank AS

Fixed 0.75%

Monthly

CZK

1,667,925

May 2023

JPM

—

(835)

(835)

Receive

Moneta Money Bank AS

Fixed 0.75%

Monthly

CZK

2,766,082

May 2023

JPM

—

(1,385)

(1,385)

Receive

Moneta Money Bank AS

Fixed 0.75%

Monthly

CZK

1,653,560

May 2023

JPM

—

(828)

(828)

Receive

Moneta Money Bank AS

Fixed 0.75%

Monthly

CZK

1,809,298

May 2023

JPM

—

(2,611)

(2,611)

Receive

Moneta Money Bank AS

Fixed 0.75%

Monthly

CZK

6,435,307

May 2023

JPM

—

(11,071)

(11,071)

83     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Multiplan Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

813,665

May 2023

JPM

—

$(239,974)

$(239,974)

Receive

Multiplan Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

366,245

May 2023

JPM

—

(108,017)

(108,017)

Receive

Multiplan Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

109,876

May 2023

JPM

—

(32,406)

(32,406)

Receive

Multiplan Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

73,237

May 2023

JPM

—

(21,600)

(21,600)

Receive

NanoString Technologies, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

385,907

May 2023

JPM

—

(66,227)

(66,227)

Receive

NeoGenomics, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

472,600

May 2023

JPM

—

(22,004)

(22,004)

Receive

NeoGenomics, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

468,787

May 2023

JPM

—

(18,270)

(18,270)

Receive

Orchard Therapeutics PLC

1-Month USD LIBOR + 0.20%

Monthly

USD

4,273

May 2023

JPM

—

(12)

(12)

Receive

Paylocity Holding Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

1,661,540

May 2023

JPM

—

(29,621)

(29,621)

Receive

PayPal Holdings, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

2,809,443

May 2023

JPM

—

(153,678)

(153,678)

Receive

Penumbra, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

676,780

May 2023

JPM

—

252,845

252,845

Receive

Pfizer, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

1,456,403

May 2023

JPM

—

(50,530)

(50,530)

Receive

Pfizer, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

1,446,958

May 2023

JPM

—

(50,389)

(50,389)

Receive

Pfizer, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

396,202

May 2023

JPM

—

(13,746)

(13,746)

Receive

Pfizer, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

396,128

May 2023

JPM

—

(13,744)

(13,744)

Receive

Pfizer, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

826,324

May 2023

JPM

—

(28,670)

(28,670)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     84

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Pfizer, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

675,612

May 2023

JPM

—

$(23,509)

$(23,509)

Receive

Pfizer, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

294,000

May 2023

JPM

—

(10,232)

(10,232)

Receive

Popular, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

403,968

May 2023

JPM

—

28,063

28,063

Receive

PRA Health Sciences, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

529,583

May 2023

JPM

—

(56,641)

(56,641)

Receive

Quest Diagnostics, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

736,881

May 2023

JPM

—

46,502

46,502

Receive

Quidel Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

1,140,865

May 2023

JPM

—

75,015

75,015

Receive

Radius Health, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

21,303

May 2023

JPM

—

2,146

2,146

Receive

Rapid7, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

403,229

May 2023

JPM

—

(23,605)

(23,605)

Receive

Regeneron Pharmaceuticals, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

611,131

May 2023

JPM

—

(62,284)

(62,284)

Receive

Repay Holdings Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

160,969

May 2023

JPM

—

(7,961)

(7,961)

Receive

Revance Therapeutics, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

57,453

May 2023

JPM

—

477

477

Receive

Rigel Pharmaceuticals, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

520,985

May 2023

JPM

—

(8,341)

(8,341)

Receive

Roche Holding AG

1-Month CHF LIBOR + 0.20%

Monthly

CHF

57,065

May 2023

JPM

—

(4,695)

(4,695)

Receive

Roche Holding AG

1-Month CHF LIBOR + 0.20%

Monthly

CHF

204,351

May 2023

JPM

—

(16,812)

(16,812)

Receive

salesforce.com, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

275,174

May 2023

JPM

—

(21,136)

(21,136)

Receive

SCOR SE

1-Month EUR EURIBOR + 0.20%

Monthly

EUR

631,296

May 2023

JPM

—

(106,154)

(106,154)

85     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount	Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Snap, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD	335,960	May 2023	JPM		—		$144,477			$144,477
Receive	Snap, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD	660,134	May 2023	JPM		—		283,883			283,883
Receive	Snap, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD	367,852	May 2023	JPM		—		158,191			158,191
Receive	Snap, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD	545,925	May 2023	JPM		—		234,770			234,770
Receive	Splunk, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD	292,075	May 2023	JPM		—		5,904			5,904
Receive	Square, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD	1,329,581	May 2023	JPM		—		(191,691	)		(191,691	)
Receive	Standard Chartered PLC	1-Month GBP LIBOR + 0.20%	Monthly	GBP	59,840	May 2023	JPM		—		(2,322	)		(2,322	)
Receive	StepStone Group, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD	823,395	May 2023	JPM		—		3,984			3,984
Receive	StoneCo, Ltd., Class A	1-Month USD LIBO + 0.20%	Monthly	USD	287,899	May 2023	JPM		—		(9,401	)		(9,401	)
Receive	StoneCo, Ltd., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD	788,816	May 2023	JPM		—		(25,759	)		(25,759	)
Receive	StoneCo, Ltd., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD	437,006	May 2023	JPM		—		(14,271	)		(14,271	)
Receive	StoneCo, Ltd., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD	442,817	May 2023	JPM		—		(14,460	)		(14,460	)
Receive	Teleflex, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD	384,088	May 2023	JPM		—		(23,944	)		(23,944	)
Receive	Teleflex, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD	896,770	May 2023	JPM		—		(55,906	)		(55,906	)
Receive	The Blackstone Group, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD	282,688	May 2023	JPM		—		(20,219	)		(20,219	)
Receive	The Blackstone Group, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD	784,545	May 2023	JPM		—		(56,114	)		(56,114	)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     86

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

The TJX Companies, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

233,301

May 2023

JPM

—

$(27,312)

$(27,312)

Receive

The TJX Companies, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

820,810

May 2023

JPM

—

(96,093

)

(96,093

)

Receive

Thermo Fisher Scientific, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

3,454,836

May 2023

JPM

—

173,315

173,315

Receive

Thermo Fisher Scientific, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

562,887

May 2023

JPM

—

28,178

28,178

Receive

Thermo Fisher Scientific, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

978,405

May 2023

JPM

—

48,981

48,981

Receive

Thor Industries, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

1,166,902

May 2023

JPM

—

(206,373)

(206,373

)

Receive

T-Mobile US, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

159,342

May 2023

JPM

—

(7,298

)

(7,298

)

Receive

T-Mobile US, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

46,609

May 2023

JPM

—

(2,134)

(2,134

)

Receive

Tower Semiconductor, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

42,832

May 2023

JPM

—

5,371

5,371

Receive

Tower Semiconductor, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

14,265

May 2023

JPM

—

1,789

1,789

Receive

TransUnion

1-Month USD LIBOR + 0.20%

Monthly

USD

2,126,536

May 2023

JPM

—

(187,729)

(187,729

)

Receive

Tricida, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

42,835

May 2023

JPM

—

(17,352)

(17,352

)

Receive

Twitter, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

766,800

May 2023

JPM

—

(96,619)

(96,619

)

Receive

Twitter, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

255,427

May 2023

JPM

—

(32,184)

(32,184

)

Receive

Twitter, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

468,843

May 2023

JPM

—

(46,265

)

(46,265

)

Receive

UnitedHealth Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

2,169,147

May 2023

JPM

—

(89,229)

(89,229

)

87     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	UnitedHealth Group, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		830,372	May 2023	JPM		—		$(34,177	)		$(34,177	)
Receive	UnitedHealth Group, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		341,375	May 2023	JPM		—		(14,042	)		(14,042	)
Receive	UnitedHealth Group, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,022,852	May 2023	JPM		—		(42,073	)		(42,073	)
Receive	UnitedHealth Group, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		229,653	May 2023	JPM		—		(15,471	)		(15,471	)
Receive	UroGen Pharma, Ltd.	1-Month USD LIBOR + 0.20%	Monthly	USD		67,199	May 2023	JPM		—		7,774			7,774
Receive	VeriSign, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		308,227	May 2023	JPM		—		(19,391	)		(19,391	)
Receive	Vertex Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		585,032	May 2023	JPM		—		(131,991	)		(131,991	)
Receive	Vertex Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		322,776	May 2023	JPM		—		(72,830	)		(72,830	)
Receive	Vertex Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,279,000	May 2023	JPM		—		(288,589	)		(288,589	)
Receive	Vietnam Technological and Commercial Joint Stock Bank	1-Month USD LIBOR + 1.25%	Monthly	USD		72,240	May 2023	JPM		—		(3,886	)		(3,886	)
Receive	Vietnam Technological and Commercial Joint Stock Bank	1-Month USD LIBOR + 1.25%	Monthly	USD		48,616	May 2023	JPM		—		(2,654	)		(2,654	)
Receive	Vietnam Technological and Commercial Joint Stock Bank	1-Month USD LIBOR + 1.25%	Monthly	USD		19,446	May 2023	JPM		—		(1,046	)		(1,046	)
Receive	Vietnam Technological and Commercial Joint Stock Bank	1-Month USD LIBOR + 1.25%	Monthly	USD		185,664	May 2023	JPM		—		(9,988	)		(9,988	)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     88

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Voya Financial, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		718,550	May 2023	JPM		—		$(19,913	)		$(19,913	)
Receive	WaVe Life Sciences, Ltd.	1-Month USD LIBOR + 0.20%	Monthly	USD		113,302	May 2023	JPM		—		(19,202	)		(19,202	)
Receive	WaVe Life Sciences, Ltd.	1-Month USD LIBOR + 0.20%	Monthly	USD		132,696	May 2023	JPM		—		(22,472	)		(22,472	)
Receive	Western Alliance Bancorp	1-Month USD LIBOR + 0.20%	Monthly	USD		301,027	May 2023	JPM		—		58,701			58,701
Receive	WEX, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,672,045	May 2023	JPM		—		(234,969	)		(234,969	)
Receive	Wintrust Financial Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		22,740	May 2023	JPM		—		1,918			1,918
Receive	Wintrust Financial Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		802,949	May 2023	JPM		—		67,737			67,737
Receive	Wintrust Financial Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		476,731	May 2023	JPM		—		40,216			40,216
Receive	Wintrust Financial Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		162,315	May 2023	JPM		—		13,693			13,693
Receive	Wolverine World Wide, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		797,145	May 2023	JPM		—		(24,322	)		(24,322	)
Receive	Workday, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		368,142	May 2023	JPM		—		(19,852	)		(19,852	)
Receive	Workday, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		284,211	May 2023	JPM		—		(15,325	)		(15,325	)
Receive	Worldline SA	1-Month EUR EURIBOR + 0.20%	Monthly	EUR		117,700	May 2023	JPM		—		(14,932	)		(14,932	)
Receive	Zealand Pharma A/S, ADR	1-Month USD LIBOR + 0.20%	Monthly	USD		26,178	May 2023	JPM		—		(6,543	)		(6,543	)
Receive	Zscaler, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		893,366	May 2023	JPM		—		(58,992	)		(58,992	)
Receive	2U, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		2,525	May 2023	MSI		—		18			18

89     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	2U, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		568,755	May 2023	MSI		—		$3,969			$3,969
Receive	2U, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		153,715	May 2023	MSI		—		1,073			1,073
Receive	2U, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		603,808	May 2023	MSI		—		4,214			4,214
Receive	Abbott Laboratories	1-Month USD LIBOR + 0.50%	Monthly	USD		2,023,519	May 2023	MSI		—		(34,727	)		(34,727	)
Receive	Abbott Laboratories	1-Month USD LIBOR + 0.20%	Monthly	USD		553,557	May 2023	MSI		—		(9,612	)		(9,612	)
Receive	Adobe, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		627,941	May 2023	MSI		—		(67,802	)		(67,802	)
Receive	Advanced Micro Devices, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		319,552	May 2023	MSI		—		(30,178	)		(30,178	)
Receive	AerCap Holdings NV	1-Month USD LIBOR + 0.50%	Monthly	USD		855,199	May 2023	MSI		—		(58,605	)		(58,605	)
Receive	Aerie Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		303,118	May 2023	MSI		—		(23,287	)		(23,287	)
Receive	Alibaba Group Holding, Ltd., ADR	1-Month USD LIBOR + 0.20%	Monthly	USD		1,117,285	May 2023	MSI		—		19,376			19,376
Receive	Align Technology, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		409,054	May 2023	MSI		—		108,581			108,581
Receive	Align Technology, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		630,246	May 2023	MSI		—		167,298			167,298
Receive	Alleghany Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		137,957	May 2023	MSI		—		(148	)		(148	)
Receive	Allscripts Healthcare Solutions, Inc.	1-Month USD LIBOR + 0.25%	Monthly	USD		413,034	May 2023	MSI		—		(43,675	)		(43,675	)
Receive	Alnylam Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.25%	Monthly	USD		41,167	May 2023	MSI		—		(6,004	)		(6,004	)
Receive	Alnylam Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.25%	Monthly	USD		621,821	May 2023	MSI		—		(90,685	)		(90,685	)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     90

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Alphabet, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		1,034,388	May 2023	MSI		—		$40,198			$40,198
Receive	Alphabet, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		642,409	May 2023	MSI		—		24,964			24,964
Receive	Alphabet, Inc., Class C	1-Month USD LIBOR + 0.20%	Monthly	USD		314,944	May 2023	MSI		—		12,461			12,461
Receive	American International Group, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		828,454	May 2023	MSI		—		42,113			42,113
Receive	American Tower Corp.	1-Month USD LIBOR + 0.50%	Monthly	USD		1,036,270	May 2023	MSI		—		(38,347	)		(38,347	)
Receive	Anthem, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		32,734	May 2023	MSI		—		(2,461	)		(2,461	)
Receive	Archer Daniels Midland Company	1-Month USD LIBOR + 0.20%	Monthly	USD		904,413	May 2023	MSI		—		(67,122	)		(67,122	)
Receive	Arena Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		44,700	May 2023	MSI		—		2,263			2,263
Receive	Arena Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		20,474	May 2023	MSI		—		1,037			1,037
Receive	Arena Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.25%	Monthly	USD		79,041	May 2023	MSI		—		4,009			4,009
Receive	ASM Pacific Technology, Ltd.	1-Month HKD HIBOR + 0.40%	Monthly	HKD		53,950	May 2023	MSI		—		(421	)		(421	)
Receive	ASML Holding NV, NYRS	1-Month USD LIBOR + 0.20%	Monthly	USD		223,051	May 2023	MSI		—		(14,661	)		(14,661	)
Receive	Assured Guaranty, Ltd.	1-Month USD LIBOR + 0.50%	Monthly	USD		1,066,996	May 2023	MSI		—		(63,177	)		(63,177	)
Receive	AstraZeneca PLC	1-Month GBP LIBOR + 0.50%	Monthly	GBP		511,560	May 2023	MSI		—		(29,040	)		(29,040	)
Receive	AstraZeneca PLC	1-Month GBP LIBOR + 0.50%	Monthly	GBP		111,000	May 2023	MSI		—		(6,301	)		(6,301	)
Receive	AstraZeneca PLC	1-Month GBP LIBOR + 0.50%	Monthly	GBP		1,611,495	May 2023	MSI		—		(91,567	)		(91,567	)

91     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Atreca, Inc., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		438,139	May 2023	MSI		—		$(39,452	)		$(39,452	)
Receive	AXA SA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		152,943	May 2023	MSI		—		(16,279	)		(16,279	)
Receive	AXA SA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		66,842	May 2023	MSI		—		(7,114	)		(7,114	)
Receive	Banc of California, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		751,641	May 2023	MSI		—		66,666			66,666
Receive	Bank Rakyat Indonesia Persero Tbk PT	1-Month USD LIBOR + 0.75%	Monthly	USD		13,313	May 2023	MSI		—		257			257
Receive	BAWAG Group AG	1-Month EUR EURIBOR + 0.50%	Monthly	EUR		472,262	May 2023	MSI		—		(6,918	)		(6,918	)
Receive	BAWAG Group AG	1-Month EUR EURIBOR + 0.50%	Monthly	EUR		150,732	May 2023	MSI		—		(2,210	)		(2,210	)
Receive	BAWAG Group AG	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		50,657	May 2023	MSI		—		(742	)		(742	)
Receive	BAWAG Group AG	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		232,490	May 2023	MSI		—		(3,406	)		(3,406	)
Receive	BAWAG Group AG	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		262,382	May 2023	MSI		—		(3,844	)		(3,844	)
Receive	Beazley PLC	1-Month GBP LIBOR + 0.30%	Monthly	GBP		211,501	May 2023	MSI		—		(34,995	)		(34,995	)
Receive	BioNTech SE, ADR	1-Month USD LIBOR + 0.20%	Monthly	USD		2,518,439	May 2023	MSI		—		(140,197	)		(140,197	)
Receive	BioNTech SE, ADR	1-Month USD LIBOR + 0.20%	Monthly	USD		54,590	May 2023	MSI		—		(3,039	)		(3,039	)
Receive	BioNTech SE, ADR	1-Month USD LIBOR + 0.20%	Monthly	USD		194,950	May 2023	MSI		—		(10,852	)		(10,852	)
Receive	Bio-Techne Corp.	1-Month USD LIBOR + 0.25%	Monthly	USD		321,328	May 2023	MSI		—		(15,961	)		(15,961	)
Receive	Black Diamond Therapeutics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		3,448	May 2023	MSI		—		(140	)		(140	)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     92

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Bloomberry Resorts Corp.	1-Month USD LIBOR + 0.75%	Monthly	USD		19,331	May 2023	MSI		—		$(232	)		$(232	)
Receive	Bloomberry Resorts Corp.	1-Month USD LIBOR + 0.75%	Monthly	USD		363,190	May 2023	MSI		—		(4,360	)		(4,360	)
Receive	Bloomberry Resorts Corp.	1-Month USD LIBOR + 0.75%	Monthly	USD		44,855	May 2023	MSI		—		(539	)		(539	)
Receive	Bloomberry Resorts Corp.	1-Month USD LIBOR + 0.75%	Monthly	USD		112,136	May 2023	MSI		—		(1,346	)		(1,346	)
Receive	Bloomberry Resorts Corp.	1-Month USD LIBOR + 0.75%	Monthly	USD		146,085	May 2023	MSI		—		(1,754	)		(1,754	)
Receive	Blueprint Medicines Corp.	1-Month USD LIBOR + 0.50%	Monthly	USD		1,032,897	May 2023	MSI		—		19,832			19,832
Receive	Blueprint Medicines Corp.	1-Month USD LIBOR + 0.50%	Monthly	USD		702,310	May 2023	MSI		—		13,479			13,479
Receive	Blueprint Medicines Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		37,624	May 2023	MSI		—		726			726
Receive	Booking Holdings, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		354,039	May 2023	MSI		—		(16,603	)		(16,603	)
Receive	Cellnex Telecom SA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		362,525	May 2023	MSI		—		22,596			22,596
Receive	Cellnex Telecom SA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		95,222	May 2023	MSI		—		5,935			5,935
Receive	Chegg, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		82,463	May 2023	MSI		—		(10,429	)		(10,429	)
Receive	Chegg, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		123,820	May 2023	MSI		—		(15,659	)		(15,659	)
Receive	Chegg, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		124,533	May 2023	MSI		—		(16,371	)		(16,371	)
Receive	Chegg, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		126,902	May 2023	MSI		—		(18,736	)		(18,736	)
Receive	Chegg, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		50,727	May 2023	MSI		—		(7,400	)		(7,400	)

93     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Chegg, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		76,524	May 2023	MSI		—		$(11,680	)		$(11,680	)
Receive	Chegg, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		256,962	May 2023	MSI		—		(40,754	)		(40,754	)
Receive	Cognizant Technology Solutions Corp., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		430,967	May 2023	MSI		—		(13,499	)		(13,499	)
Receive	Cognizant Technology Solutions Corp., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		841,882	May 2023	MSI		—		(26,373	)		(26,373	)
Receive	Cognizant Technology Solutions Corp., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		495,546	May 2023	MSI		—		(15,523	)		(15,523	)
Receive	Cognizant Technology Solutions Corp., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		156,590	May 2023	MSI		—		(4,623	)		(4,623	)
Receive	Cognizant Technology Solutions Corp., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		126,047	May 2023	MSI		—		(3,502	)		(3,502	)
Receive	Cognizant Technology Solutions Corp., Class A	1-Month USD LIBOR + 0.20%	Monthly	USD		24,007	May 2023	MSI		—		(798	)		(798	)
Receive	CoStar Group, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		64,187	May 2023	MSI		—		(3,255	)		(3,255	)
Receive	CoStar Group, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		110,159	May 2023	MSI		—		(5,574	)		(5,574	)
Receive	CoStar Group, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		111,026	May 2023	MSI		—		(5,618	)		(5,618	)
Receive	CTT-Correios de Portugal SA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		24,703	May 2023	MSI		—		(4,359	)		(4,359	)
Receive	CTT-Correios de Portugal SA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		260,424	May 2023	MSI		—		(45,955	)		(45,955	)
Receive	CTT-Correios de Portugal SA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		86,249	May 2023	MSI		—		(15,220	)		(15,220	)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     94

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	CTT-Correios de Portugal SA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		86,246	May 2023	MSI		—		$(15,219	)		$(15,219	)
Receive	Cytokinetics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		229,768	May 2023	MSI		—		(12,204	)		(12,204	)
Receive	Eisai Company, Ltd.	1-Month JPY LIBOR + 0.35%	Monthly	JPY		23,622,144	May 2023	MSI		—		(17,970	)		(17,970	)
Receive	Eisai Company, Ltd.	1-Month JPY LIBOR + 0.35%	Monthly	JPY		7,162,220	May 2023	MSI		—		(5,449	)		(5,449	)
Receive	Eisai Company, Ltd.	1-Month JPY LIBOR + 0.35%	Monthly	JPY		1,819,116	May 2023	MSI		—		(1,384	)		(1,384	)
Receive	Eisai Company, Ltd.	1-Month JPY LIBOR + 0.35%	Monthly	JPY		6,177,964	May 2023	MSI		—		(4,700	)		(4,700	)
Receive	Eisai Company, Ltd.	1-Month JPY LIBOR + 0.35%	Monthly	JPY		4,578,548	May 2023	MSI		—		(3,483	)		(3,483	)
Receive	Eisai Company, Ltd.	1-Month JPY LIBOR + 0.35%	Monthly	JPY		2,715,492	May 2023	MSI		—		(2,066	)		(2,066	)
Receive	Eisai Company, Ltd.	1-Month JPY LIBOR + 0.35%	Monthly	JPY		3,664,596	May 2023	MSI		—		(2,788	)		(2,788	)
Receive	Eisai Company, Ltd.	1-Month JPY LIBOR + 0.35%	Monthly	JPY		4,279,756	May 2023	MSI		—		(3,256	)		(3,256	)
Receive	Eisai Company, Ltd.	1-Month JPY LIBOR + 0.35%	Monthly	JPY		3,664,596	May 2023	MSI		—		(2,788	)		(2,788	)
Receive	Electronic Arts, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		481,361	May 2023	MSI		—		(42,244	)		(42,244	)
Receive	Equity Group Holdings, Ltd.	1-Month USD LIBOR + 1.50%	Monthly	USD		345,171	May 2023	MSI		—		(10,374	)		(10,374	)
Receive	Equity Group Holdings, Ltd.	1-Month USD LIBOR + 1.50%	Monthly	USD		108,764	May 2023	MSI		—		(3,323	)		(3,323	)
Receive	Equity Group Holdings, Ltd.	1-Month USD LIBOR + 1.50%	Monthly	USD		163,017	May 2023	MSI		—		(4,981	)		(4,981	)
Receive	Equity Group Holdings, Ltd.	1-Month USD LIBOR + 1.50%	Monthly	USD		61,673	May 2023	MSI		—		(1,884	)		(1,884	)

95     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Fair Isaac Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		612,251	May 2023	MSI		—		$(63,907	)		$(63,907	)
Receive	Fair Isaac Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		486,392	May 2023	MSI		—		(50,770	)		(50,770	)
Receive	Fidelity National Information Services, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		485,307	May 2023	MSI		—		(65,127	)		(65,127	)
Receive	Fidelity National Information Services, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		348,765	May 2023	MSI		—		(46,803	)		(46,803	)
Receive	First Solar, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,788,274	May 2023	MSI		—		103,339			103,339
Receive	FleetCor Technologies, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		3,857,142	May 2023	MSI		—		(401,470	)		(401,470	)
Receive	FleetCor Technologies, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		203,864	May 2023	MSI		—		(21,221	)		(21,221	)
Receive	FleetCor Technologies, Inc.	1-Month USD LIBOR + 0.25%	Monthly	USD		730,656	May 2023	MSI		—		(75,926	)		(75,926	)
Receive	Fortive Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		470,996	May 2023	MSI		—		(40,718	)		(40,718	)
Receive	Freee KK	1-Month JPY LIBOR + 0.35%	Monthly	JPY		16,262,658	May 2023	MSI		—		(21,547	)		(21,547	)
Receive	G1 Therapeutics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		75,298	May 2023	MSI		—		(12,994	)		(12,994	)
Receive	G1 Therapeutics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		69,693	May 2023	MSI		—		(12,027	)		(12,027	)
Receive	G1 Therapeutics, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		21,288	May 2023	MSI		—		(3,674	)		(3,674	)
Receive	Genus PLC	1-Month GBP LIBOR + 0.50%	Monthly	GBP		18,412	May 2023	MSI		—		800			800
Receive	Genus PLC	1-Month GBP LIBOR + 0.50%	Monthly	GBP		909,148	May 2023	MSI		—		39,512			39,512
Receive	Gilead Sciences, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,322,349	May 2023	MSI		—		(101,192	)		(101,192	)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     96

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Gilead Sciences, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		28,647	May 2023	MSI		—		$(2,192	)		$(2,192	)
Receive	Gilead Sciences, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		102,373	May 2023	MSI		—		(7,834	)		(7,834	)
Receive	Global Payments, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		803,883	May 2023	MSI		—		(83,587	)		(83,587	)
Receive	Global Payments, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		803,707	May 2023	MSI		—		(83,568	)		(83,568	)
Receive	Global Payments, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		388,300	May 2023	MSI		—		(40,374	)		(40,374	)
Receive	Global Payments, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		410,127	May 2023	MSI		—		(42,643	)		(42,643	)
Receive	GMO Financial Gate, Inc.	1-Month JPY LIBOR + 0.35%	Monthly	JPY		15,472,480	May 2023	MSI		—		(26,110	)		(26,110	)
Receive	Grupo Aeroportuario del Sureste SAB de CV	1-Month MXN TIIE + 0.55%	Monthly	MXN		323,825	May 2023	MSI		—		221			221
Receive	Guidewire Software, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		85,330	May 2023	MSI		—		(6,059	)		(6,059	)
Receive	Hannon Armstrong Sustainable Infrastructure Capital, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		40,160	May 2023	MSI		—		(3,589	)		(3,589	)
Receive	Hikma Pharmaceuticals PLC	1-Month GBP LIBOR + 0.50%	Monthly	GBP		13,771	May 2023	MSI		—		(1,017	)		(1,017	)
Receive	HubSpot, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		810,133	May 2023	MSI		—		(57,504	)		(57,504	)
Receive	Hutchison China MediTech, Ltd., ADR	1-Month USD LIBOR + 0.50%	Monthly	USD		17,523	May 2023	MSI		—		(1,218	)		(1,218	)
Receive	Hutchison China MediTech, Ltd., ADR	1-Month USD LIBOR + 0.75%	Monthly	USD		8,002	May 2023	MSI		—		(557	)		(557	)

97     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Hutchison China MediTech, Ltd., ADR	1-Month USD LIBOR + 0.25%	Monthly	USD		30,681	May 2023	MSI		—		$(2,129	)		$(2,129	)
Receive	ICON PLC	1-Month USD LIBOR + 0.20%	Monthly	USD		1,188,271	May 2023	MSI		—		(137,272	)		(137,272	)
Receive	Insulet Corp.	1-Month USD LIBOR + 0.50%	Monthly	USD		149,883	May 2023	MSI		—		(17,012	)		(17,012	)
Receive	Intuit, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		266,737	May 2023	MSI		—		(20,859	)		(20,859	)
Receive	JPMorgan Chase & Co.	1-Month USD LIBOR + 0.20%	Monthly	USD		105,382	May 2023	MSI		—		(2,893	)		(2,893	)
Receive	Kasikornbank PCL, NVDR	1-Month USD LIBOR + 0.70%	Monthly	USD		220,104	May 2023	MSI		—		9,990			9,990
Receive	Kasikornbank PCL, NVDR	1-Month USD LIBOR + 0.70%	Monthly	USD		113,966	May 2023	MSI		—		5,173			5,173
Receive	Kasikornbank PCL, NVDR	1-Month USD LIBOR + 0.70%	Monthly	USD		234,797	May 2023	MSI		—		10,657			10,657
Receive	KBC Group NV	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		471,284	May 2023	MSI		—		(20,833	)		(20,833	)
Receive	Koninklijke Philips NV	1-Month EUR EURIBOR + 0.50%	Monthly	EUR		74,022	May 2023	MSI		—		(388	)		(388	)
Receive	Koninklijke Philips NV	1-Month EUR EURIBOR + 0.50%	Monthly	EUR		75,464	May 2023	MSI		—		(396	)		(396	)
Receive	Koninklijke Philips NV	1-Month EUR EURIBOR + 0.50%	Monthly	EUR		174,520	May 2023	MSI		—		(916	)		(916	)
Receive	Koninklijke Philips NV	1-Month EUR EURIBOR + 0.50%	Monthly	EUR		100,138	May 2023	MSI		—		(525	)		(525	)
Receive	Koninklijke Philips NV	1-Month EUR EURIBOR + 0.50%	Monthly	EUR		90,845	May 2023	MSI		—		(477	)		(477	)
Receive	Koninklijke Philips NV	1-Month EUR EURIBOR + 0.50%	Monthly	EUR		49,348	May 2023	MSI		—		(259	)		(259	)
Receive	Koninklijke Philips NV	1-Month EUR EURIBOR + 0.50%	Monthly	EUR		80,110	May 2023	MSI		—		(420	)		(420	)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     98

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Koninklijke Philips NV

1-Month EUR EURIBOR + 0.50%

Monthly

EUR

120,165

May 2023

MSI

—

$(631)

$(631)

Receive

Koninklijke Philips NV

1-Month EUR EURIBOR + 0.50%

Monthly

EUR

160,220

May 2023

MSI

—

(841)

(841)

Receive

Koninklijke Philips NV

1-Month EUR EURIBOR + 0.50%

Monthly

EUR

40,055

May 2023

MSI

—

(210)

(210)

Receive

Koninklijke Philips NV

1-Month EUR EURIBOR + 0.50%

Monthly

EUR

80,110

May 2023

MSI

—

(420)

(420)

Receive

Koninklijke Philips NV

1-Month EUR EURIBOR + 0.50%

Monthly

EUR

280,385

May 2023

MSI

—

(1,471)

(1,471)

Receive

Koninklijke Philips NV

1-Month EUR EURIBOR + 0.30%

Monthly

EUR

53,233

May 2023

MSI

—

(279)

(279)

Receive

Koninklijke Philips NV

1-Month EUR EURIBOR + 0.30%

Monthly

EUR

27,958

May 2023

MSI

—

(146)

(146)

Receive

Leidos Holdings, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

62,060

May 2023

MSI

—

(3,387)

(3,387)

Receive

Leidos Holdings, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

609,544

May 2023

MSI

—

(33,270)

(33,270)

Receive

Leidos Holdings, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

312,409

May 2023

MSI

—

(17,052)

(17,052)

Receive

Leidos Holdings, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

264,920

May 2023

MSI

—

(14,460)

(14,460)

Receive

LHC Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

160,082

May 2023

MSI

—

(6,135)

(6,135)

Receive

LHC Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

588,542

May 2023

MSI

—

(22,554)

(22,554)

Receive

LHC Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

676,351

May 2023

MSI

—

(25,920)

(25,920)

Receive

LHC Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

288,417

May 2023

MSI

—

(11,053)

(11,053)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

65,129

May 2023

MSI

—

(330)

(330)

99     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

152,520

May 2023

MSI

—

$(773)

$(773)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

94,899

May 2023

MSI

—

(481)

(481)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

39,079

May 2023

MSI

—

(198)

(198)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

55,822

May 2023

MSI

—

(283)

(283)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

455,891

May 2023

MSI

—

(2,311)

(2,311)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

42,798

May 2023

MSI

—

(217)

(217)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

89,319

May 2023

MSI

—

(453)

(453)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

78,152

May 2023

MSI

—

(396)

(396)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

143,281

May 2023

MSI

—

(726)

(726)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

223,292

May 2023

MSI

—

(1,132)

(1,132)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

232,597

May 2023

MSI

—

(1,179)

(1,179)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

240,971

May 2023

MSI

—

(1,221)

(1,221)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

186,076

May 2023

MSI

—

(943)

(943)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

232,599

May 2023

MSI

—

(1,179)

(1,179)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

372,157

May 2023

MSI

—

(1,886)

(1,886)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

81,182

May 2023

MSI

—

(411)

(411)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     100

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

102,342

May 2023

MSI

—

$(519)

$(519)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

7,444

May 2023

MSI

—

(38)

(38)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

35,354

May 2023

MSI

—

(179)

(179)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

80,014

May 2023

MSI

—

(406)

(406)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

240,043

May 2023

MSI

—

(1,217)

(1,217)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

78,290

May 2023

MSI

—

(397)

(397)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

86,004

May 2023

MSI

—

(436)

(436)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

500,171

May 2023

MSI

—

(2,535)

(2,535)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

43,460

May 2023

MSI

—

(220)

(220)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

196,800

May 2023

MSI

—

(997)

(997)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

97,488

May 2023

MSI

—

(533)

(533)

Receive

Lifetech Scientific Corp.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

99,820

May 2023

MSI

—

(834)

(834)

Receive

LiveRamp Holdings, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

224,511

May 2023

MSI

—

32,617

32,617

Receive

Madrigal Pharmaceuticals, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

1,437,177

May 2023

MSI

—

43,577

43,577

Receive

Madrigal Pharmaceuticals, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

73,353

May 2023

MSI

—

2,224

2,224

Receive

Marvell Technology Group, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

99,043

May 2023

MSI

—

(12,440)

(12,440)

101     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Marvell Technology Group, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

355,583

May 2023

MSI

—

$(44,586)

$(44,586)

Receive

Marvell Technology Group, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

248,552

May 2023

MSI

—

(31,166)

(31,166)

Receive

Marvell Technology Group, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

217,026

May 2023

MSI

—

(27,213)

(27,213)

Receive

Marvell Technology Group, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

241,207

May 2023

MSI

—

(30,245)

(30,245)

Receive

Marvell Technology Group, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

506,295

May 2023

MSI

—

(63,484)

(63,484)

Receive

Marvell Technology Group, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

235,881

May 2023

MSI

—

(29,577)

(29,577)

Receive

Marvell Technology Group, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

379,979

May 2023

MSI

—

(47,645)

(47,645)

Receive

Marvell Technology Group, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

327,451

May 2023

MSI

—

(41,059)

(41,059)

Receive

Marvell Technology Group, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

96,122

May 2023

MSI

—

(12,053)

(12,053)

Receive

Marvell Technology Group, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

140,103

May 2023

MSI

—

(17,567)

(17,567)

Receive

Marvell Technology Group, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

134,047

May 2023

MSI

—

(16,808)

(16,808)

Receive

Marvell Technology Group, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

197,055

May 2023

MSI

—

(24,708)

(24,708)

Receive

Marvell Technology Group, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

394,152

May 2023

MSI

—

(49,422)

(49,422)

Receive

Mastercard, Inc., Class A

1-Month USD LIBOR + 0.50%

Monthly

USD

2,618,839

May 2023

MSI

—

(383,731)

(383,731)

Receive

Match Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

267,253

May 2023

MSI

—

13,453

13,453

Receive

Match Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

582,864

May 2023

MSI

—

29,339

29,339

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     102

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Match Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

261,027

May 2023

MSI

—

$13,139

$13,139

Receive

Match Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

292,155

May 2023

MSI

—

14,706

14,706

Receive

Match Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

80,932

May 2023

MSI

—

4,074

4,074

Receive

Match Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

157,973

May 2023

MSI

—

7,952

7,952

Receive

Match Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

84,934

May 2023

MSI

—

4,275

4,275

Receive

Match Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

299,825

May 2023

MSI

—

15,093

15,093

Receive

Match Group, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

254,023

May 2023

MSI

—

12,787

12,787

Receive

McDonald’s Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

1,639,400

May 2023

MSI

—

(119,000)

(119,000)

Receive

MGIC Investment Corp.

1-Month USD LIBOR + 0.50%

Monthly

USD

859,056

May 2023

MSI

—

(43,965)

(43,965)

Receive

MGIC Investment Corp.

1-Month USD LIBOR + 0.50%

Monthly

USD

137,800

May 2023

MSI

—

(7,054)

(7,054)

Receive

MGIC Investment Corp.

1-Month USD LIBOR + 0.50%

Monthly

USD

154,940

May 2023

MSI

—

(7,903)

(7,903)

Receive

MGIC Investment Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

286,274

May 2023

MSI

—

(14,619)

(14,619)

Receive

MGIC Investment Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

159,032

May 2023

MSI

—

(8,121)

(8,121)

Receive

MGIC Investment Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

63,621

May 2023

MSI

—

(3,249)

(3,249)

Receive

MGIC Investment Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

83,729

May 2023

MSI

—

(4,276)

(4,276)

Receive

Micron Technology, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

675,052

May 2023

MSI

—

(41,185)

(41,185)

103     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Micron Technology, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		403,784	May 2023	MSI		—		$(13,699)		$	(13,699	)
Receive	Molina Healthcare, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		64,841	May 2023	MSI		—		(6,305	)		(6,305	)
Receive	Molina Healthcare, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		956,715	May 2023	MSI		—		(93,031	)		(93,031	)
Receive	MongoDB, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		525,707	May 2023	MSI		—		(80,712	)		(80,712	)
Receive	Mylan NV	1-Month USD LIBOR + 0.25%	Monthly	USD		19,826	May 2023	MSI		—		(1,509	)		(1,509	)
Receive	NanoString Technologies, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		1,071,675	May 2023	MSI		—		(78,340	)		(78,340	)
Receive	NanoString Technologies, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		158,140	May 2023	MSI		—		(11,560	)		(11,560	)
Receive	NanoString Technologies, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		395,350	May 2023	MSI		—		(28,900	)		(28,900	)
Receive	Netflix, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		428,133	May 2023	MSI		—		(52,352	)		(52,352	)
Receive	Netflix, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		334,377	May 2023	MSI		—		(40,888	)		(40,888	)
Receive	Novartis AG	1-Month CHF LIBOR + 0.50%	Monthly	CHF		20,654	May 2023	MSI		—		(1,864	)		(1,864	)
Receive	Novartis AG	1-Month CHF LIBOR + 0.50%	Monthly	CHF		1,629,336	May 2023	MSI		—		(147,050	)		(147,050	)
Receive	NuVasive, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		715,388	May 2023	MSI		—		(117,712	)		(117,712	)
Receive	Ollie’s Bargain Outlet Holdings, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		498,899	May 2023	MSI		—		(35,206	)		(35,206	)
Receive	OneMain Holdings, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		1,122,606	May 2023	MSI		—		(27,882	)		(27,882	)
Receive	Paycom Software, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		310,502	May 2023	MSI		—		(9,802	)		(9,802	)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     104

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Paycom Software, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

930,377

May 2023

MSI

—

$(29,370)

$(29,370)

Receive

Peloton Interactive, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

1,731,433

May 2023

MSI

—

(332,978

)

(332,978

)

Receive

Popular, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

224,580

May 2023

MSI

—

15,932

15,932

Receive

PRA Health Sciences, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

537,316

May 2023

MSI

—

(64,216

)

(64,216

)

Receive

Prothena Corp. PLC

1-Month USD LIBOR + 0.50%

Monthly

USD

263,018

May 2023

MSI

—

(12,466

)

(12,466

)

Receive

Prothena Corp. PLC

1-Month USD LIBOR + 0.50%

Monthly

USD

41,231

May 2023

MSI

—

(1,955

)

(1,955

)

Receive

Prothena Corp. PLC

1-Month USD LIBOR + 0.50%

Monthly

USD

7,179

May 2023

MSI

—

(340

)

(340

)

Receive

Prothena Corp. PLC

1-Month USD LIBOR + 0.25%

Monthly

USD

27,308

May 2023

MSI

—

(1,292

)

(1,292

)

Receive

Prudential PLC

1-Month GBP LIBOR + 0.50%

Monthly

GBP

417,078

May 2023

MSI

—

(68,092

)

(68,092

)

Receive

R1 RCM, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

753,842

May 2023

MSI

—

9,706

9,706

Receive

Radius Health, Inc.

1-Month USD LIBOR + 0.50%

Monthly

USD

96,486

May 2023

MSI

—

995

995

Receive

Radius Health, Inc.

1-Month USD LIBOR + 0.50%

Monthly

USD

110,778

May 2023

MSI

—

1,142

1,142

Receive

Radius Health, Inc.

1-Month USD LIBOR + 0.50%

Monthly

USD

59,091

May 2023

MSI

—

609

609

Receive

Radius Health, Inc.

1-Month USD LIBOR + 0.50%

Monthly

USD

36,944

May 2023

MSI

—

381

381

Receive

Radius Health, Inc.

1-Month USD LIBOR + 0.50%

Monthly

USD

82,632

May 2023

MSI

—

852

852

Receive

Radius Health, Inc.

1-Month USD LIBOR + 0.50%

Monthly

USD

19,799

May 2023

MSI

—

204

204

105     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Radius Health, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		9,063	May 2023	MSI		—		$93			$93
Receive	Radius Health, Inc.	1-Month USD LIBOR + 0.25%	Monthly	USD		34,223	May 2023	MSI		—		356			356
Receive	Regional SAB de CV	Fixed 0.55%	Monthly	MXN		1,481,562	May 2023	MSI		—		(1,968	)		(1,968	)
Receive	Regional SAB de CV	Fixed 0.55%	Monthly	MXN		602,791	May 2023	MSI		—		(801	)		(801	)
Receive	Regional SAB de CV	Fixed 0.55%	Monthly	MXN		6,175,103	May 2023	MSI		—		(8,203	)		(8,203	)
Receive	Regional SAB de CV	Fixed 0.55%	Monthly	MXN		1,417,226	May 2023	MSI		—		(1,883	)		(1,883	)
Receive	Regional SAB de CV	Fixed 0.55%	Monthly	MXN		1,445,060	May 2023	MSI		—		(1,920	)		(1,920	)
Receive	Repay Holdings Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		73,070	May 2023	MSI		—		(4,656	)		(4,656	)
Receive	Repligen Corp.	1-Month USD LIBOR + 0.20%	Monthly	USD		61,884	May 2023	MSI		—		(1,260	)		(1,260	)
Receive	Revance Therapeutics, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		48,660	May 2023	MSI		—		733			733
Receive	Revance Therapeutics, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		22,304	May 2023	MSI		—		336			336
Receive	Revance Therapeutics, Inc.	1-Month USD LIBOR + 0.25%	Monthly	USD		82,588	May 2023	MSI		—		1,251			1,251
Receive	Revolution Medicines, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		2,146	May 2023	MSI		—		(697	)		(697	)
Receive	Rothschild & Company	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		14,927	May 2023	MSI		—		(680	)		(680	)
Receive	Rothschild & Company	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		22,839	May 2023	MSI		—		(1,041	)		(1,041	)
Receive	Rothschild & Company	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		887,225	May 2023	MSI		—		(40,434	)		(40,434	)
Receive	Rothschild & Company	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		320,942	May 2023	MSI		—		(14,626	)		(14,626	)
Receive	Rothschild & Company	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		304,497	May 2023	MSI		—		(13,877	)		(13,877	)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     106

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Rothschild & Company	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		36,965	May 2023	MSI		—		$(1,946)			$(1,946)
Receive	Rothschild & Company	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		8,224	May 2023	MSI		—		(647	)		(647	)
Receive	Rothschild & Company	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		26,014	May 2023	MSI		—		(1,650	)		(1,650	)
Receive	Rothschild & Company	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		35,821	May 2023	MSI		—		(3,316	)		(3,316	)
Receive	salesforce.com, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		3,814,256	May 2023	MSI		—		(377,557	)		(377,557	)
Receive	salesforce.com, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		203,083	May 2023	MSI		—		(20,080	)		(20,080	)
Receive	Sanne Group PLC	1-Month GBP LIBOR + 0.30%	Monthly	GBP		67,579	May 2023	MSI		—		(3,611	)		(3,611	)
Receive	Sanne Group PLC	1-Month GBP LIBOR + 0.30%	Monthly	GBP		39,513	May 2023	MSI		—		(2,111	)		(2,111	)
Receive	Sanne Group PLC	1-Month GBP LIBOR + 0.30%	Monthly	GBP		18,747	May 2023	MSI		—		(1,002	)		(1,002	)
Receive	Sanne Group PLC	1-Month GBP LIBOR + 0.30%	Monthly	GBP		122,132	May 2023	MSI		—		(6,526	)		(6,526	)
Receive	Seagen, Inc.	1-Month USD LIBOR + 0.50%	Monthly	USD		1,705,038	May 2023	MSI		—		(314,641	)		(314,641	)
Receive	Seagen, Inc.	1-Month USD LIBOR + 0.25%	Monthly	USD		1,068,665	May 2023	MSI		—		(197,118	)		(197,118	)
Receive	Seagen, Inc.	1-Month USD LIBOR + 0.25%	Monthly	USD		1,068,256	May 2023	MSI		—		(197,043	)		(197,043	)
Receive	ServiceNow, Inc.	1-Month USD LIBOR + 0.20%	Monthly	USD		195,776	May 2023	MSI		—		(8,714	)		(8,714	)
Receive	Shinsei Bank, Ltd.	1-Month JPY LIBOR + 0.35%	Monthly	JPY		29,983,296	May 2023	MSI		—		(19,632	)		(19,632	)
Receive	Shinsei Bank, Ltd.	1-Month JPY LIBOR + 0.35%	Monthly	JPY		2,003,904	May 2023	MSI		—		(1,312	)		(1,312	)

107     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

SLM Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

127,742

May 2023

MSI

—

$(3,399)

$(3,399)

Receive

Smith & Nephew PLC

1-Month GBP LIBOR + 0.30%

Monthly

GBP

640,649

May 2023

MSI

—

(76,136

)

(76,136

)

Receive

Snap, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

1,179,193

May 2023

MSI

—

475,984

475,984

Receive

South State Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

494,296

May 2023

MSI

—

59,471

59,471

Receive

Spar Nord Bank A/S

1-Month DKK CIBOR + 0.30%

Monthly

DKK

73,179

May 2023

MSI

—

684

684

Receive

Spar Nord Bank A/S

1-Month DKK CIBOR + 0.30%

Monthly

DKK

91,240

May 2023

MSI

—

853

853

Receive

Spar Nord Bank A/S

1-Month DKK CIBOR + 0.30%

Monthly

DKK

491,389

May 2023

MSI

—

4,592

4,592

Receive

Spar Nord Bank A/S

1-Month DKK CIBOR + 0.30%

Monthly

DKK

573,570

May 2023

MSI

—

5,046

5,046

Receive

Spar Nord Bank A/S

1-Month DKK CIBOR + 0.30%

Monthly

DKK

234,079

May 2023

MSI

—

1,411

1,411

Receive

Spar Nord Bank A/S

1-Month DKK CIBOR + 0.30%

Monthly

DKK

178,759

May 2023

MSI

—

790

790

Receive

Spar Nord Bank A/S

1-Month DKK CIBOR + 0.30%

Monthly

DKK

187,520

May 2023

MSI

—

1,046

1,046

Receive

Spar Nord Bank A/S

1-Month DKK CIBOR + 0.30%

Monthly

DKK

294,148

May 2023

MSI

—

1,677

1,677

Receive

Spar Nord Bank A/S

1-Month DKK CIBOR + 0.30%

Monthly

DKK

84,151

May 2023

MSI

—

284

284

Receive

Spar Nord Bank A/S

1-Month DKK CIBOR + 0.30%

Monthly

DKK

213,817

May 2023

MSI

—

1,269

1,269

Receive

Spar Nord Bank A/S

1-Month DKK CIBOR + 0.30%

Monthly

DKK

444,352

May 2023

MSI

—

4,318

4,318

Receive

Spar Nord Bank A/S

1-Month DKK CIBOR + 0.30%

Monthly

DKK

852,824

May 2023

MSI

—

8,709

8,709

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     108

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Spar Nord Bank A/S

1-Month DKK CIBOR + 0.30%

Monthly

DKK

557,558

May 2023

MSI

—

$5,021

$5,021

Receive

Spar Nord Bank A/S

1-Month DKK CIBOR + 0.30%

Monthly

DKK

896,454

May 2023

MSI

—

—

—

Receive

Square, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

802,116

May 2023

MSI

—

(143,513)

(143,513)

Receive

Square, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

542,791

May 2023

MSI

—

(97,113)

(97,113)

Receive

Standard Chartered PLC

1-Month GBP LIBOR + 0.30%

Monthly

GBP

103,730

May 2023

MSI

—

(3,259)

(3,259)

Receive

Synovus Financial Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

261,161

May 2023

MSI

—

16,070

16,070

Receive

Tecan Group AG

1-Month CHF LIBOR + 0.50%

Monthly

CHF

83,462

May 2023

MSI

—

(3,732)

(3,732)

Receive

Tecan Group AG

1-Month CHF LIBOR + 0.30%

Monthly

CHF

4,536

May 2023

MSI

—

(203)

(203)

Receive

Teleflex, Inc.

1-Month USD LIBOR + 0.50%

Monthly

USD

36,542

May 2023

MSI

—

(4,375)

(4,375)

Receive

Tencent Holdings, Ltd.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

16,228,800

May 2023

MSI

—

147,339

147,339

Receive

Tencent Holdings, Ltd.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

4,140,000

May 2023

MSI

—

37,579

37,579

Receive

T-Mobile US, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

1,528,302

May 2023

MSI

—

(76,145)

(76,145)

Receive

T-Mobile US, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

374,264

May 2023

MSI

—

(18,647)

(18,647)

Receive

T-Mobile US, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

97,659

May 2023

MSI

—

(4,865)

(4,865)

Receive

Tower Semiconductor, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

39,164

May 2023

MSI

—

2,494

2,494

Receive

Tower Semiconductor, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

337,983

May 2023

MSI

—

21,530

21,530

109     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Tower Semiconductor, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

75,532

May 2023

MSI

—

$4,811

$4,811

Receive

Tower Semiconductor, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

129,430

May 2023

MSI

—

8,245

8,245

Receive

Tower Semiconductor, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

15,110

May 2023

MSI

—

963

963

Receive

Tower Semiconductor, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

22,666

May 2023

MSI

—

1,444

1,444

Receive

Tower Semiconductor, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

37,756

May 2023

MSI

—

2,405

2,405

Receive

Tower Semiconductor, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

30,221

May 2023

MSI

—

1,925

1,925

Receive

Tricida, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

64,831

May 2023

MSI

—

(24,642)

(24,642)

Receive

Tricida, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

116,941

May 2023

MSI

—

(44,448)

(44,448)

Receive

Tricida, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

11,513

May 2023

MSI

—

(4,376)

(4,376)

Receive

Turning Point Therapeutics, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

234,822

May 2023

MSI

—

(47,891)

(47,891)

Receive

Turning Point Therapeutics, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

1,672,355

May 2023

MSI

—

(341,067)

(341,067)

Receive

Twitter, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

531,693

May 2023

MSI

—

(54,010)

(54,010)

Receive

UCB SA

1-Month EUR EURIBOR + 0.50%

Monthly

EUR

24,687

May 2023

MSI

—

(2,611)

(2,611)

Receive

Veracyte, Inc.

1-Month USD LIBOR + 0.20%

Monthly

USD

986,925

May 2023

MSI

—

(187,825)

(187,825)

Receive

VeriSign, Inc.

1-Month USD LIBOR + 0.50%

Monthly

USD

2,269,359

May 2023

MSI

—

(195,268)

(195,268)

Receive

Visa, Inc., Class A

1-Month USD LIBOR + 0.20%

Monthly

USD

2,478,611

May 2023

MSI

—

(221,905)

(221,905)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     110

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

WaVe Life Sciences, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

50,909

May 2023

MSI

—

$(10,384)

$(10,384)

Receive

WaVe Life Sciences, Ltd.

1-Month USD LIBOR + 0.20%

Monthly

USD

7,548

May 2023

MSI

—

(1,539)

(1,539)

Receive

Western Alliance Bancorp

1-Month USD LIBOR + 0.20%

Monthly

USD

382,358

May 2023

MSI

—

38,572

38,572

Receive

Western Alliance Bancorp

1-Month USD LIBOR + 0.20%

Monthly

USD

136,246

May 2023

MSI

—

13,744

13,744

Receive

Western Alliance Bancorp

1-Month USD LIBOR + 0.20%

Monthly

USD

146,649

May 2023

MSI

—

14,795

14,795

Receive

Whiting Petroleum Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

74,946

May 2023

MSI

—

(13,621)

(13,621)

Receive

Whiting Petroleum Corp.

1-Month USD LIBOR + 0.20%

Monthly

USD

243,141

May 2023

MSI

—

(44,188)

(44,188)

Receive

Worldline SA

1-Month EUR EURIBOR + 0.30%

Monthly

EUR

795,359

May 2023

MSI

—

(83,589)

(83,589)

Receive

Wuxi AppTec Company, Ltd., H Shares

1-Month HKD HIBOR + 0.40%

Monthly

HKD

674,880

May 2023

MSI

—

3,726

3,726

Receive

Wuxi Biologics Cayman, Inc.

1-Month HKD HIBOR + 0.40%

Monthly

HKD

401,600

May 2023

MSI

—

4,062

4,062

Receive

Zealand Pharma A/S, ADR

1-Month USD LIBOR + 0.50%

Monthly

USD

20,537

May 2023

MSI

—

(3,599)

(3,599)

Receive

Zealand Pharma A/S, ADR

1-Month USD LIBOR + 0.25%

Monthly

USD

34,855

May 2023

MSI

—

(6,106)

(6,106)

Receive

Zions Bancorp NA

1-Month USD LIBOR + 0.20%

Monthly

USD

83,224

May 2023

MSI

—

2,926

2,926

Receive

Zions Bancorp NA

1-Month USD LIBOR + 0.20%

Monthly

USD

188,329

May 2023

MSI

—

6,622

6,622

—

$7,926,442

$7,926,442

* Fund will pay or receive the total return of the reference asset depending on whether the return is positive or negative.For contracts where the fund has elected to receive the total return of the reference asset if positive,it will be responsible for paying the floating rate and the total return of the reference asset if negative.If the fund has elected to pay the total return of the reference asset if positive,it will receive the floating rate and the total return of the reference asset if negative.

111     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Derivatives Currency Abbreviations

AUD	Australian Dollar
CAD	Canadian Dollar
CHF	Swiss Franc
CZK	Czech Republic Koruna
DKK	Danish Krone
EUR	Euro
GBP	Pound Sterling
HKD	Hong Kong Dollar
JPY	Japanese Yen
MXN	Mexican Peso
NOK	Norwegian Krone
USD	U.S. Dollar
ZAR	South African Rand

Derivatives Abbreviations

ADR	American Depositary Receipt
BBSW	Bank Bill Swap Rate
BNP	BNP Paribas
CDOR	Canadian Dollar Offered Rate
CIBOR	Copenhagen Interbank Offered Rate
CITI	Citibank, N.A.
EURIBOR	Euro Interbank Offered Rate
GSI	Goldman Sachs International
HIBOR	Hong Kong Interbank Offered Rate
HUS	HSBC Bank USA, N.A.
JIBAR	Johannesburg Interbank Agreed Rate
JPM	JPMorgan Chase Bank, N.A.
LIBOR	London Interbank Offered Rate
MSI	Morgan Stanley & Co. International PLC
NIBOR	Norwegian Interbank Offered Rate
NVDR	Non-Voting Depositary Receipt
NYRS	New York Registry Shares
OTC	Over-the-counter
TIIE	Tasa de Interes Interbancario de Equilibrio (Interbank Equilibrium Interest Rate)

At 10-31-20,the aggregate cost of investments for federal income tax purposes was $695,571,064. Net unrealized appreciation aggregated to $43,825,957, of which $78,643,055 related to gross unrealized appreciation and $34,817,098 related to gross unrealized depreciation.

See Notes to financial statements regarding investment transactions and other derivatives information.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     112

Financial statements

STATEMENT OF ASSETS AND LIABILITIES 10-31-20

Assets
Unaffiliated investments, at value (Cost $682,396,175)	$	732,306,730
Swap contracts, at value		33,538,426
Unrealized appreciation on forward foreign currency contracts		436,321
Receivable for futures variation margin		8,369
Foreign currency, at value (Cost $2,827,560)		2,812,811
Dividends and interest receivable		395,535
Receivable for fund shares sold		2,858,713
Receivable for investments sold		5,763,237
Receivable for securities lending income		51
Other assets		51,163
Total assets		778,171,356
Liabilities
Unrealized depreciation on forward foreign currency contracts		320,050
Written options, at value (Premiums received $2,203,501)		1,056,118
Swap contracts, at value		25,611,984
Due to custodian		464,233
Foreign capital gains tax payable		99,388
Payable for collateral on OTC derivatives		12,583,000
Payable for investments purchased		8,034,977
Payable for fund shares repurchased		546,661
Payable to affiliates
Accounting and legal services fees		26,919
Transfer agent fees		63,909
Other liabilities and accrued expenses		263,629
Total liabilities		49,070,868
Net assets	$	729,100,488
Net assets consist of
Paid-in capital	$	659,453,372
Total distributable earnings (loss)		69,647,116
Net assets	$	729,100,488

113     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

STATEMENT OF ASSETS AND LIABILITIES 10-31-20 (continued)
Net asset value per share
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value
Class A ($11,580,539 ÷ 998,161 shares)1	$	11.60
Class C ($5,414,551 ÷ 485,196 shares)1	$	11.16
Class I ($615,622,324 ÷ 51,977,067 shares)	$	11.84
Class R6 ($37,340,467 ÷ 3,124,034 shares)	$	11.95
Class NAV ($59,142,607 ÷ 4,946,526 shares)	$	11.96
Maximum offering price per share
Class A (net asset value per share ÷ 95%)2	$	12.21

1 Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

2 On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     114

STATEMENT OF OPERATIONS For the year ended 10-31-20
Investment income
Dividends	$5,366,316
Interest	3,082,277
Securities lending	822
Less foreign taxes withheld	(290,317	)
Total investment income	8,159,098
Expenses
Investment management fees	10,654,718
Distribution and service fees	87,834
Accounting and legal services fees	136,245
Transfer agent fees	739,749
Trustees’ fees	11,964
Custodian fees	250,646
State registration fees	87,940
Printing and postage	92,449
Professional fees	133,626
Other	69,654
Total expenses	12,264,825
Less expense reductions	(51,513	)
Net expenses	12,213,312
Net investment loss	(4,054,214	)
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments and foreign currency transactions	73,718,492
Affiliated investments	(62	)
Futures contracts	279,496
Forward foreign currency contracts	537,459
Written options	(441,108	)
Swap contracts	(45,893,558	)
	28,200,719
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments and translation of assets and liabilities in foreign currencies	6,026,548
Futures contracts	103,696
Forward foreign currency contracts	(15,685	)
Written options	593,317
Swap contracts	11,904,644
	18,612,520
Net realized and unrealized gain	46,813,239
Increase in net assets from operations	$42,759,025

115     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

STATEMENTS OF CHANGES IN NET ASSETS

	Year ended 10-31-20		Year ended 10-31-19
Increase (decrease) in net assets
From operations
Net investment income (loss)		$(4,054,214)		$111,891
Net realized gain		28,200,719		7,191,577
Change in net unrealized appreciation (depreciation)		18,612,520		35,856,213
Increase in net assets resulting from operations		42,759,025		43,159,681
Distributions to shareholders
From earnings
Class A		(93,501)		(537,753)
Class C		(8,454)		(257,811)
Class I		(6,373,467)		(17,006,375)
Class R6		(323,613)		(868,772)
Class NAV		(1,626,261)		(4,069,796)
Total distributions		(8,425,296)		(22,740,507)
From fund share transactions		(47,332,679)		(33,287,756)
Total decrease		(12,998,950)		(12,868,582)
Net assets
Beginning of year		742,099,438		754,968,020
End of year		$729,100,488		$742,099,438

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     116

Financial highlights

CLASS A SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$11.02			$10.73			$11.82			$10.45			$10.81
Net investment loss1		(0.10	)		(0.03	)		(0.07	)		(0.22	)		(0.28	)
Net realized and unrealized gain (loss) on investments		0.78			0.67			(0.11	)		1.60			(0.03	)
Total from investment operations		0.68			0.64			(0.18	)		1.38			(0.31	)
Less distributions
From net investment income		(0.10	)		—			—			—			—
From net realized gain		—			(0.35	)		(0.91	)		(0.01	)		(0.05	)
Total distributions		(0.10	)		(0.35	)		(0.91	)		(0.01	)		(0.05	)
Net asset value, end of period		$11.60			$11.02			$10.73			$11.82			$10.45
Total return (%)2,3		6.15			6.09			(1.57	)		13.16			(2.94	)
Ratios and supplemental data
Net assets, end of period (in millions)		$12			$11			$19			$22			$22
Ratios (as a percentage of average net assets):
Expenses before reductions		2.00			1.98			2.00	4		3.86	5		4.22	5
Expenses including reductions		1.99			1.97			1.99	4		3.85	5		4.21	5
Net investment loss		(0.87	)		(0.25	)		(0.61	)		(1.99	)		(2.71	)
Portfolio turnover (%)		221			170			169			485			403

1 Based on average daily shares outstanding.

2 Total returns would have been lower had certain expenses not been reduced during the applicable periods.

3 Does not reflect the effect of sales charges, if any.

4 Expense ratios have decreased due to a change in the fund’s fundamental investment restrictions and the related discontinued use of prime brokerage services and their associated expenses on short sales (dividends on investments sold short and broker fees and expenses on short sales).

5 Includes dividends on investments sold short and broker fees and expenses on short sales for the periods ended 10-31-17 and 10-31-16, which were equivalent to a net annual effective rate of 1.84% and 2.16%, respectively, of the fund’s average daily net assets.

117     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS C SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$10.61			$10.42			$11.57			$10.30			$10.74
Net investment loss1		(0.17	)		(0.10	)		(0.15	)		(0.29	)		(0.35	)
Net realized and unrealized gain (loss) on investments		0.74			0.64			(0.09	)		1.57			(0.04	)
Total from investment operations		0.57			0.54			(0.24	)		1.28			(0.39	)
Less distributions
From net investment income		(0.02	)		—			—			—			—
From net realized gain		—			(0.35	)		(0.91	)		(0.01	)		(0.05	)
Total distributions		(0.02	)		(0.35	)		(0.91	)		(0.01	)		(0.05	)
Net asset value, end of period		$11.16			$10.61			$10.42			$11.57			$10.30
Total return (%)2,3		5.33			5.39			(2.26	)		12.38			(3.61	)
Ratios and supplemental data
Net assets, end of period (in millions)		$5			$6			$10			$12			$16
Ratios (as a percentage of average net assets):
Expenses before reductions		2.70			2.68			2.70	4		4.56	5		4.93	5
Expenses including reductions		2.69			2.67			2.69	4		4.55	5		4.92	5
Net investment loss		(1.56	)		(0.99	)		(1.33	)		(2.66	)		(3.42	)
Portfolio turnover (%)		221			170			169			485			403

1 Based on average daily shares outstanding.

2 Total returns would have been lower had certain expenses not been reduced during the applicable periods.

3 Does not reflect the effect of sales charges, if any.

4 Expense ratios have decreased due to a change in the fund’s fundamental investment restrictions and the related discontinued use of prime brokerage services and their associated expenses on short sales (dividends on investments sold short and broker fees and expenses on short sales).

5 Includes dividends on investments sold short and broker fees and expenses on short sales for the periods ended 10-31-17 and 10-31-16, which were equivalent to a net annual effective rate of 1.84% and 2.16%, respectively, of the fund’s average daily net assets.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     118

CLASS I SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$11.24			$10.92			$11.97			$10.55			$10.89
Net investment loss1		(0.07	)		—	2		(0.04	)		(0.19	)		(0.25	)
Net realized and unrealized gain (loss) on investments		0.80			0.67			(0.10	)		1.62			(0.04	)
Total from investment operations		0.73			0.67			(0.14	)		1.43			(0.29	)
Less distributions
From net investment income		(0.13	)		—			—			—			—
From net realized gain		—			(0.35	)		(0.91	)		(0.01	)		(0.05	)
Total distributions		(0.13	)		(0.35	)		(0.91	)		(0.01	)		(0.05	)
Net asset value, end of period		$11.84			$11.24			$10.92			$11.97			$10.55
Total return (%)3		6.57			6.36			(1.28	)		13.51			(2.64	)
Ratios and supplemental data
Net assets, end of period (in millions)		$616			$565			$566			$454			$422
Ratios (as a percentage of average net assets):
Expenses before reductions		1.70			1.69			1.71	4		3.54	5		3.87	5
Expenses including reductions		1.69			1.68			1.70	4		3.54	5		3.87	5
Net investment loss		(0.58	)		—	6		(0.36	)		(1.65	)		(2.40	)
Portfolio turnover (%)		221			170			169			485			403

¹  Based on average daily shares outstanding.

²  Less than $0.005 per share.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Expense ratios have decreased due to a change in the fund’s fundamental investment restrictions and the related discontinued use of prime brokerage services and their associated expenses on short sales (dividends on investments sold short and broker fees and expenses on short sales).

⁵  Includes dividends on investments sold short and broker fees and expenses on short sales for the periods ended 10-31-17 and 10-31-16, which were equivalent to a net annual effective rate of 1.84% and 2.16%, respectively, of the fund’s average daily net assets.

⁶  Less than 0.005%.

119     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS R6 SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$11.34			$11.00			$12.04			$10.60			$10.93
Net investment income (loss)1		(0.06	)		0.01			(0.03	)		(0.19	)		(0.24	)
Net realized and unrealized gain (loss) on investments		0.81			0.68			(0.10	)		1.64			(0.04	)
Total from investment operations		0.75			0.69			(0.13	)		1.45			(0.28	)
Less distributions
From net investment income		(0.14	)		—			—			—			—
From net realized gain		—			(0.35	)		(0.91	)		(0.01	)		(0.05	)
Total distributions		(0.14	)		(0.35	)		(0.91	)		(0.01	)		(0.05	)
Net asset value, end of period		$11.95			$11.34			$11.00			$12.04			$10.60
Total return (%)2		6.62			6.50			(1.19	)		13.64			(2.54	)
Ratios and supplemental data
Net assets, end of period (in millions)		$37			$27			$30			$9			$5
Ratios (as a percentage of average net assets):
Expenses before reductions		1.59			1.58			1.60	3		3.45	4		4.04	4
Expenses including reductions		1.58			1.57			1.60	3		3.44	4		4.01	4
Net investment income (loss)		(0.51	)		0.12			(0.23	)		(1.57	)		(2.34	)
Portfolio turnover (%)		221			170			169			485			403

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

³  Expense ratios have decreased due to a change in the fund’s fundamental investment restrictions and the related discontinued use of prime brokerage services and their associated expenses on short sales (dividends on investments sold short and broker fees and expenses on short sales).

⁴  Includes dividends on investments sold short and broker fees and expenses on short sales for the periods ended 10-31-17 and 10-31-16, which were equivalent to a net annual effective rate of 1.84% and 2.16%, respectively, of the fund’s average daily net assets.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     120

CLASS NAV SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$11.35			$11.00			$12.04			$10.60			$10.93
Net investment income (loss)1		(0.04	)		0.01			(0.03	)		(0.17	)		(0.24	)
Net realized and unrealized gain (loss) on investments		0.79			0.69			(0.10	)		1.62			(0.04	)
Total from investment operations		0.75			0.70			(0.13	)		1.45			(0.28	)
Less distributions
From net investment income		(0.14	)		—			—			—			—
From net realized gain		—			(0.35	)		(0.91	)		(0.01	)		(0.05	)
Total distributions		(0.14	)		(0.35	)		(0.91	)		(0.01	)		(0.05	)
Net asset value, end of period		$11.96			$11.35			$11.00			$12.04			$10.60
Total return (%)2		6.64			6.59			(1.19	)		13.64			(2.54	)
Ratios and supplemental data
Net assets, end of period (in millions)		$59			$134			$130			$152			$185
Ratios (as a percentage of average net assets):
Expenses before reductions		1.58			1.56			1.59	3		3.44	4		3.78	4
Expenses including reductions		1.57			1.55			1.58	3		3.43	4		3.77	4
Net investment income (loss)		(0.35	)		0.13			(0.23	)		(1.54	)		(2.30	)
Portfolio turnover (%)		221			170			169			485			403

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

³  Expense ratios have decreased due to a change in the fund’s fundamental investment restrictions and the related discontinued use of prime brokerage services and their associated expenses on short sales (dividends on investments sold short and broker fees and expenses on short sales).

⁴  Includes dividends on investments sold short and broker fees and expenses on short sales for the periods ended 10-31-17 and 10-31-16, which were equivalent to a net annual effective rate of 1.84% and 2.16%, respectively, of the fund’s average daily net assets.

121     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Notes to financial statements

Note 1 — Organization

John Hancock Seaport Long/Short Fund (the fund) is a series of John Hancock Investment Trust ((the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective of the fund is to seek capital appreciation.

The fund may offer multiple classes of shares. The shares currently outstanding are detailed in the Statement of assets and liabilities. Class A and Class C shares are offered to all investors. Class I shares are offered to institutions and certain investors. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class NAV shares are offered to John Hancock affiliated funds of funds, retirement plans for employees of John Hancock and/or Manulife Financial Corporation, and certain 529 plans. Class C shares convert to Class A shares ten years after purchase (certain exclusions may apply). Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.

Effective November 1, 2020, Class C shares convert to Class A shares after 8 years (certain exclusions apply).

Note 2 — Significant accounting policies

The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of US GAAP.

Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the fund:

Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the fund’s Valuation Policies and Procedures.

In order to value the securities, the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds are valued at their respective NAVs each business day. Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. Exchange- traded options are valued at the mid-price of the last quoted bid and ask prices from the exchange where the option trades. Unlisted options are valued using evaluated prices obtained from an independent pricing vendor. Futures contracts are typically valued at the last traded price on the exchange on which they trade. Swaps are generally valued using evaluated prices obtained from an independent pricing vendor. Forward foreign currency contracts are valued at the prevailing forward rates which are based on foreign currency exchange spot rates and forward points supplied by an independent pricing vendor. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     122

In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund’s Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the fund’s Pricing Committee, following procedures established by the Board of Trustees. The fund uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets 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, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund’s own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the fund’s investments as of October 31, 2020, by major security category or type:

	Total value at 10-31-20		Level 1 quoted price		Level 2 significant observable inputs		Level 3 significant unobservable inputs
Investments in securities:
Assets
Common stocks
Communication services		$34,408,809		$24,861,430		$9,547,379		—
Consumer discretionary		40,960,563		33,446,441		7,514,122		—
Consumer staples		817,842		817,842		—		—
Energy		8,512,626		5,362,615		3,150,011		—
Financials		97,771,204		62,086,429		35,684,775		—
Health care		108,248,163		86,857,720		21,228,041		$162,402
Industrials		32,758,092		18,783,051		13,975,041		—
Information technology		78,878,608		59,324,620		19,553,988		—
Materials		4,282,822		3,619,244		663,578		—
Real estate		9,280,860		5,482,678		3,798,182		—
Utilities		15,996,375		—		13,445,377		2,550,998

123     JOHN HANCOCK SEAPORT LONG/SHORT FUND |     ANNUAL REPORT

					Level 2		Level 3
	Total		Level 1		significant		significant
	value at		quoted		observable		unobservable
	10-31-20		price		inputs		inputs
Preferred securities		$4,303,225		$4,303,225		—		—
Purchased options		4,433,852		2,736,815		$1,535,617		$161,420
Convertible bonds		579,736		—		579,736		—
Short-term investments		291,073,953		90,737,580		200,336,373		—
Total investments in securities		$732,306,730		$398,419,690		$331,012,220		$2,874,820
Derivatives:
Assets
Futures		$103,696		$103,696		—		—
Forward foreign currency contracts		436,321		—		$436,321		—
Swap contracts		33,538,426		—		33,538,426		—
Liabilities
Forward foreign currency contracts		(320,050)		—		(320,050)		—
Written options		(1,056,118)		(810,515)		(245,603)		—
Swap contracts		(25,611,984)		—		(25,611,984)		—

Real estate investment trusts. The fund may invest in real estate investment trusts (REITs). Distributions from REITs may be recorded as income and subsequently characterized by the REIT at the end of the fiscal year as a reduction of cost of investments and/or as a realized gain. As a result, the fund will estimate the components of distributions from these securities. Such estimates are revised when the actual components of the distributions are known.

Special purpose acquisition companies. Special purpose acquisition companies (SPACs) are collective investment structures that allow public stock market investors to invest in private equity type transactions (PIPE). SPACs are shell or blank-check companies, that have no operations but go public with the intention of merging with or acquiring a company with the proceeds of the SPAC’s initial public offering (“IPO”). The fund may enter into a contingent commitment with a SPAC to purchase PIPE shares if and when the SPAC completes its merger or acquisition; however if the commitment expires, then no shares are purchased. Purchased PIPE shares will be restricted from trading until the registration statement for the shares is declared effective. Upon registration, the shares can be freely sold; however, in certain circumstances, the issuer may have the right to temporarily suspend trading of the shares in the first year after the merger. The securities issued by a SPAC, which are typically traded in the over-the-counter market, may be considered illiquid, more difficult to value, and/or be subject to restrictions on resale. The fund had contingent commitments outstanding of approximately $4,000,000 to purchase PIPE shares as of October 31, 2020.

Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Interest income includes coupon interest and amortization/accretion of premiums/discounts on debt securities. Debt obligations may be placed in a non-accrual status and related interest income may be reduced by stopping current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful. Dividend income is recorded on the ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Non-cash dividends, if any,are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     124

Securities lending. The fund may lend its securities to earn additional income. The fund receives collateral from the borrower in an amount not less than the market value of the loaned securities. The fund will invest its cash collateral in John Hancock Collateral Trust (JHCT), an affiliate of the fund, which has a floating NAV and is registered with the Securities and Exchange Commission (SEC) as an investment company. JHCT invests in short-term money market investments. The fund will receive the benefit of any gains and bear any losses generated by JHCT with respect to the cash collateral.

The fund has the right to recall loaned securities on demand. If a borrower fails to return loaned securities when due, then the lending agent is responsible and indemnifies the fund for the lent securities. The lending agent uses the collateral received from the borrower to purchase replacement securities of the same issue, type, class and series of the loaned securities. If the value of the collateral is less than the purchase cost of replacement securities, the lending agent is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any decrease in the value of JHCT.

Although the risk of loss on securities lent is mitigated by receiving collateral from the borrower and through lending agent indemnification, the fund could experience a delay in recovering securities or could experience a lower than expected return if the borrower fails to return the securities on a timely basis. The fund receives compensation for lending its securities by retaining a portion of the return on the investment of the collateral and compensation from fees earned from borrowers of the securities. Securities lending income received by the fund is net of fees retained by the securities lending agent. Net income received from JHCT is a component of securities lending income as recorded on the Statement of operations. As of October 31, 2020, there were no securities on loan.

Foreign investing. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is reflected as a component of the realized and unrealized gains (losses) on investments. Foreign investments are subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.

Funds that invest internationally generally carry more risk than funds that invest strictly in U.S. securities. These risks are heightened for investments in emerging markets. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors.

Foreign taxes. The fund may be subject to withholding tax on income, capital gains or repatriations imposed by certain countries, a portion of which may be recoverable. Foreign taxes are accrued based upon the fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued based on gains realized by the fund as a result of certain foreign security sales. In certain circumstances, estimated taxes are accrued based on unrealized appreciation of such securities. Investment income is recorded net of foreign withholding taxes.

Overdraft. The fund may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the fund’s custodian agreement, the custodian may loan money to the fund to make properly authorized payments. The fund is obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law. Overdrafts at period end are presented under the caption Due to custodian in the Statement of assets and liabilities.

Line of credit. Effective June 25, 2020, the fund and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs

125     JOHN HANCOCK SEAPORT LONG/SHORT FUND |     ANNUAL REPORT

of all other affiliated funds, the fund can borrow up to an aggregate commitment amount of $850 million, subject to asset coverage and other limitations as specified in the agreement. Each participating fund paid an upfront fee in connection with this line of credit agreement, which is charged based on a combination of fixed and asset-based allocations and amortized over 365 days. Prior to June 25, 2020, the fund and other affiliated funds had a similar agreement that enabled them to participate in a $750 million unsecured committed line of credit. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of the line of credit, is charged to each participating fund based on a combination of fixed and asset-based allocations and is reflected in Other expenses on the Statement of operations. For the year ended October 31, 2020, the fund had no borrowings under the line of credit. Commitment fees, including upfront fees, for the year ended October 31, 2020 were $5,939.

Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund’s relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the fund level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any,and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.

Federal income taxes. The fund intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

Qualified late year ordinary losses of $1,744,867 are treated as occurring on November 1, 2020, the first day of the fund’s next taxable year.

As of October 31, 2020, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund’s federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.

Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The fund generally declares and pays dividends annually. Capital gain distributions, if any, are typically distributed annually.

The tax character of distributions for the years ended October 31, 2020 and 2019 was as follows:

	October 31, 2020		October 31, 2019
Ordinary income		$8,425,296		$449
Long-term capital gains		—		22,740,058
Total		$8,425,296		$22,740,507

Distributions paid by the fund with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class. As of October 31, 2020, the components of distributable earnings on a tax basis consisted of $27,739,446 of undistributed long-term capital gains.

Such distributions and distributable earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund’s financial statements as a return of capital.

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     126

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to foreign currency transactions, wash sale loss deferrals, investments in passive foreign investment companies, and derivative transactions.

Note 3  —  Derivative instruments

The fund may invest in derivatives in order to meet its investment objective. Derivatives include a variety of different instruments that may be traded in the over-the-counter (OTC) market, on a regulated exchange or through a clearing facility. The risks in using derivatives vary depending upon the structure of the instruments, including the use of leverage, optionality, the liquidity or lack of liquidity of the contract, the creditworthiness of the counterparty or clearing organization and the volatility of the position. Some derivatives involve risks that are potentially greater than the risks associated with investing directly in the referenced securities or other referenced underlying instrument. Specifically, the fund is exposed to the risk that the counterparty to an OTC derivatives contract will be unable or unwilling to make timely settlement payments or otherwise honor its obligations. OTC derivatives transactions typically can only be closed out with the other party to the transaction.

Derivatives which are typically traded through the OTC market are regulated by the Commodity Futures Trading Commission (the CFTC). Derivative counterparty risk is managed through an ongoing evaluation of the creditworthiness of all potential counterparties and, if applicable, designated clearing organizations. The fund attempts to reduce its exposure to counterparty risk for derivatives traded in the OTC market, whenever possible, by entering into an International Swaps and Derivatives Association (ISDA) Master Agreement with each of its OTC counterparties. The ISDA gives each party to the agreement the right to terminate all transactions traded under the agreement if there is certain deterioration in the credit quality or contractual default of the other party, as defined in the ISDA. Upon an event of default or a termination of the ISDA, the non-defaulting party has the right to close out all transactions and to net amounts owed.

As defined by the ISDA, the fund may have collateral agreements with certain counterparties to mitigate counterparty risk on OTC derivatives. Subject to established minimum levels, collateral for OTC transactions is generally determined based on the net aggregate unrealized gain or loss on contracts with a particular counterparty. Collateral pledged to the fund, if any, is held in a segregated account by a third-party agent or held by the custodian bank for the benefit of the fund and can be in the form of cash or debt securities issued by the U.S. government or related agencies; collateral posted by the fund, if any, for OTC transactions is held in a segregated account at the fund’s custodian and is noted in the accompanying Fund’s investments, or if cash is posted, on the Statement of assets and liabilities. The fund’s risk of loss due to counterparty risk is equal to the asset value of outstanding contracts offset by collateral received.

Certain derivatives are traded or cleared on an exchange or central clearinghouse. Exchange-traded or centrally-cleared transactions generally present less counterparty risk to a fund than OTC transactions. The exchange or clearinghouse stands between the fund and the broker to the contract and therefore, credit risk is generally limited to the failure of the exchange or clearinghouse and the clearing member.

Futures. A futures contract is a contractual agreement to buy or sell a particular currency or financial instrument at a pre-determined price in the future. Futures are traded on an exchange and cleared through a central clearinghouse. 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 the underlying financial instrument and potential losses in excess of the amounts recognized on the Statement of assets and liabilities. Use of long futures contracts subjects the fund to the risk of loss up to the notional value of the futures contracts. Use of short futures contracts subjects the fund to unlimited risk of loss.

Upon entering into a futures contract, the fund is required to deposit initial margin with the broker in the form of cash or securities. The amount of required margin is set by the broker and is generally based on a percentage of the contract value. The margin deposit must then be maintained at the established level over the life of the

127     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT

contract. Cash that has been pledged by the fund is detailed in the Statement of assets and liabilities as Collateral held at broker for futures contracts. Securities pledged by the fund, if any, are identified in the Fund’s investments. Subsequent payments, referred to as variation margin, are made or received by the fund periodically and are based on changes in the market value of open futures contracts. Futures contracts are marked-to-market daily and unrealized gain or loss is recorded by the fund. Receivable for futures variation margin is included on the Statement of assets and liabilities. When the contract is closed, the fund records a realized gain or loss 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.

During the year ended October 31, 2020, the fund used futures contracts to manage against changes in certain securities markets. The fund held futures contracts with USD notional values ranging up to $6.1 million, as measured at each quarter end.

Forward foreign currency contracts. A forward foreign currency contract is an agreement between two parties to buy and sell specific currencies at a price that is set on the date of the contract. The forward contract calls for delivery of the currencies on a future date that is specified in the contract. Forwards are typically traded OTC. 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 if applicable, and the risk that currency movements will not favor the fund thereby reducing the fund’s total return, and the potential for losses in excess of the amounts recognized on the Statement of assets and liabilities.

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 year ended October 31, 2020, the fund used forward foreign currency contracts to manage against changes in foreign currency exchange rates and to gain exposure to foreign currencies. The fund held forward foreign currency contracts with USD notional values ranging from $56.7 million to $93.1 million, as measured at each quarter end.

Options. There are two types of options, put options and call options. Options are traded either OTC or on an exchange. 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 premiums, possible illiquidity of the options markets, trading restrictions imposed by an exchange and movements in underlying security values, and for written options, potential losses in excess of the amounts recognized on the Statement of assets and liabilities. In addition, OTC options are subject to the risks of all OTC derivatives contracts.

When the fund purchases an option, the premium paid is included in the Fund’s investments and subsequently “marked-to-market” to reflect current market value. If the purchased option expires, the fund realizes a loss equal to the cost of the option. If the fund exercises a call option, the cost of the securities acquired by exercising the call is increased by the premium paid to buy the call. If the fund exercises a put option, it realizes a gain or loss from the sale of the underlying security and the proceeds from such sale are decreased by the premium paid. If the fund enters into a closing sale transaction, it realizes a gain or loss, depending on whether proceeds from the closing sale are greater or less than the original cost. When the fund writes an option, the premium received is included as a liability and subsequently “marked-to-market” to reflect the current market value of the option written. Premiums received from writing options that expire unexercised are recorded as realized gains. Premiums received from writing options which are exercised or are closed are added to or offset against the proceeds or amount paid on the transaction to determine the realized gain or loss. If a put option on a security is exercised, the premium received reduces the cost basis of the securities purchased by the fund.

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     128

During the year ended October 31, 2020, the fund used purchased options contracts to manage against changes in certain securities markets and foreign currency exchange rates and to gain exposure to certain securities markets and foreign currencies. The fund held purchased options contracts with market values ranging from $3.9 million to $7.2 million, as measured at each quarter end.

During the year ended October 31, 2020, the fund wrote option contracts to manage against changes in certain securities markets and foreign currency exchange rates and to gain exposure to certain securities markets and foreign currencies. The fund held written option contracts with market values ranging from $0.5 million to $1.5 million, as measured at each quarter end.

Swaps. Swap agreements are agreements between the fund and a counterparty to exchange cash flows, assets, foreign currencies or market-linked returns at specified intervals. Swap agreements are privately negotiated in the OTC market (OTC swaps) or may be executed on a registered commodities exchange (centrally cleared 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 impose collateral posting obligations on the party that is considered out-of-the-money on the swap.

Upfront payments made/received by the fund, if any, are amortized/accreted for financial reporting purposes, with the unamortized/unaccreted portion included in the Statement of assets and liabilities. A termination payment by the counterparty or the fund is recorded as realized gain or loss, as well as the net periodic payments received or paid by the fund.

Entering into swap agreements involves, to varying degrees, elements of credit, market and documentation risk that may provide outcomes that are in excess of the amounts recognized on the Statement of assets and liabilities. 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. In addition to interest rate risk, market risks may also impact the swap. The fund may also suffer losses if it is unable to terminate or assign outstanding swaps or reduce its exposure through offsetting transactions.

Total Return Swaps. The fund may enter into total return swap contracts to obtain synthetic exposure to a specific reference asset or index without owning, taking physical custody of, or short selling the underlying assets. Total return swaps are commitments where one party pays a fixed or variable rate premium (the Buyer) in exchange for a market-linked return (the Seller). The Seller pays the total return of a specific reference asset or index and in return receives interest payments from the Buyer. To the extent the total return of the underlying asset or index exceeds or falls short of the offsetting interest rate obligation, the Buyer will receive or make a payment to the Seller. A fund may enter into total return swaps in which it may act as either the Buyer or the Seller. Total return swap contracts are subject to the risk associated with the investment in the underlying reference asset or index. The risk in the case of short total return swap contracts is unlimited based on the potential for unlimited increases in the market value of the underlying reference asset or index.

During the year ended October 31, 2020, the fund used total return swaps to to gain exposure to a security or market without investing directly in such security or market. The fund held total return swaps with total USD notional amounts ranging from $818.8 million to $984.9 million,as measured at each quarter end.

Fair value of derivative instruments by risk category

The table below summarizes the fair value of derivatives held by the fund at October 31, 2020 by risk category:

Risk	Statement of assets and liabilities location	Financial instruments location	Assets derivatives fair value		Liabilities derivatives fair value
Equity	Receivable/payable for futures variation margin	Futures1		$103,696		—

129     JOHN HANCOCK SEAPORT LONG/SHORT FUND |     ANNUAL REPORT

Risk	Statement of assets and liabilities location	Financial instruments location	Assets derivatives fair value		Liabilities derivatives fair value
Currency	Unrealized appreciation / depreciation on forward foreign currency contracts	Forward foreign currency contracts		$436,321		(320,050)
Interest rate	Unaffiliated investments, at value2	Purchased options		144,442		—
Currency	Unaffiliated investments, at value2	Purchased options		141,260		—
Equity	Unaffiliated investments, at value2	Purchased options		4,148,150		—
Currency	Written options, at value	Written options		—		(460)
Equity	Written options, at value	Written options		—		(1,055,658)
Equity	Swap contracts, at value	Total return swaps		33,538,426		(25,611,984)
		$38,512,295				$(26,988,152)

¹  Reflects cumulative appreciation/depreciation on futures as disclosed in Fund’s investments. Only the year end variation margin is separately disclosed on the Statement of assets and liabilities.

²  Purchased options are included in Fund’s investments.

For financial reporting purposes,the fund does not offset OTC derivative assets or liabilities that are subject to master netting arrangements,as defined by the ISDAs,in the Statement of assets and liabilities.In the event of default by the counterparty or a termination of the agreement,the ISDA allows an offset of amounts across the various transactions between the fund and the applicable counterparty.The tables below reflect the fund’s exposure to OTC derivative transactions and exposure to counterparties subject to an ISDA:

OTC Financial Instruments	Asset		Liability
Forward foreign currency contracts		$436,321		$(320,050)
Purchased options		1,697,037		—
Swap contracts		33,538,426		(25,611,984)
Written options		—		(245,603)
Totals		$35,671,784		$(26,177,637)

Counterparty	Total Market Value of OTC Derivatives			Collateral Posted by Counterparty 1		Collateral Posted by Fund 1		Net Exposure
BNP Paribas		$76,084			—		—		$76,084
Citibank, N.A.		108,126			$108,126		—		—
Goldman Sachs & Company LLC		72,833			72,833		—		—
Goldman Sachs International		(544,637	)		—		$544,637		—
HSBC Bank USA, N.A.		(2,808	)		—		—		(2,808	)
JPMorgan Chase Bank, N.A.		(237,884	)		—		237,884		—
Morgan Stanley & Co. International PLC		10,022,433			10,022,433		—		—
Totals		$9,494,147			$10,203,392		$782,521		$73,276

¹ Reflects collateral posted by the counterparty or posted by the fund,excluding any excess collateral amounts.

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     130

Effect of derivative instruments on the Statement of operations

The table below summarizes the net realized gain (loss) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the year ended October 31, 2020:

	Statement of operations location - Net realized gain (loss) on:
Risk	Unaffiliated investments and foreign currency transactions1			Futures contracts		Forward foreign currency contracts		Written options			Swap contracts			Total
Interest rate		$(611,533	)		$11,450		—		—			—			$(600,083	)
Currency		1,164,344			—		$537,459		$(325,924	)		—			1,375,879
Equity		10,981,268			268,046		—		(115,184	)		$(45,893,558	)		(34,759,428	)
Total		$11,534,079			$279,496		$537,459		$(441,108	)		$(45,893,558	)		$(33,983,632	)

¹  Realized gain/loss associated with purchased options is included in this caption on the Statement of operations.

The table below summarizes the net change in unrealized appreciation (depreciation) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the year ended October 31, 2020:

	Statement of operations location - Change in net unrealized appreciation (depreciation) of:
	Unaffiliated
Risk	investments and translation of assets and liabilities in foreign currencies1			Futures contracts		Forward foreign currency contracts			Written options		Swap contracts		Total
Interest rate		$20,345			—		—			—		—		$20,345
Currency		(393,611)			—		$(15,685	)		$3,084		—		(406,212	)
Equity		(2,588,140	)		$103,696		—			590,233		$11,904,644		10,010,433
Total		$(2,961,406	)		$103,696		$(15,685	)		$593,317		$11,904,644		$9,624,566

¹  Change in unrealized appreciation/depreciation associated with purchased options is included in this caption on the Statement of operations.

Note 4  —  Guarantees and indemnifications

Under the Trust’s organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the fund. Additionally, in the normal course of business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.

Note 5  —  Fees and transactions with affiliates

John Hancock Investment Management LLC (the Advisor) serves as investment advisor for the fund. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the fund. The Advisor and the Distributor are indirect, principally owned subsidiaries of Manulife Financial Corporation.

131     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT

Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor equivalent on an annual basis to the sum of: (a) 1.500% of the first $250 million of the fund’s average daily net assets and (b) 1.450% of the fund’s average daily net assets in excess of $250 million. The Advisor has a subadvisory agreement with Wellington Management Company LLP. The fund is not responsible for payment of the subadvisory fees.

The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the year ended October 31, 2020, this waiver amounted to 0.01% of the fund’s average daily net assets. This arrangement expires on July 31, 2022, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

For the year ended October 31, 2020, the expense reductions described above amounted to the following:

Class	Expense reduction
Class A		$783
Class C		389
Class I		40,974

Class	Expense reduction
Class R6		$ 1,970
Class NAV		7,397
Total		$ 51,513

Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.

The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended October 31, 2020, were equivalent to a net annual effective rate of 1.46% of the fund’s average daily net assets.

Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the year ended October 31, 2020, amounted to an annual rate of 0.02% of the fund’s average daily net assets.

Distribution and service plans. The fund has a distribution agreement with the Distributor. The fund has adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the fund. The fund may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the fund’s shares:

Class	Rule 12b-1 Fee
Class A		0.30%
Class C		1.00%

Sales charges. Class A shares are assessed up-front sales charges, which resulted in payments to the Distributor amounting to $22,504 for the year ended October 31, 2020. Of this amount, $4,303 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $18,201 was paid as sales commissions to broker-dealers.

Class A and Class C shares may be subject to contingent deferred sales charges (CDSCs). Certain Class A shares that are acquired through purchases of $1 million or more and are redeemed within one year of purchase are subject to a 1.00% sales charge. Class C shares that are redeemed within one year of purchase are subject to a 1.00% CDSC. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the Distributor for

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     132

providing distribution-related services in connection with the sale of these shares. During the year ended October 31, 2020, CDSCs received by the Distributor amounted to $509 for Class C shares. There were no CDSCs received by the Distributor for Class A shares.

Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.

Class level expenses. Class level expenses for the year ended October 31, 2020 were as follows:

Class	Distribution and service fees		Transfer agent fees
Class A		$33,146		$13,728
Class C		54,688		6,799
Class I		—		715,720
Class R6		—		3,502
Total		$87,834		$739,749

Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to the fund based on its net assets relative to other funds within the John Hancock group of funds complex.

Note 6 — Fund share transactions

Transactions in fund shares for the years ended October 31, 2020 and 2019 were as follows:

	Year Ended 10-31-20						Year Ended 10-31-19
	Shares			Amount			Shares			Amount
Class A shares
Sold		529,535			$6,017,625			758,504			$8,251,737
Distributions reinvested		7,681			87,789			36,135			370,741
Repurchased		(549,006	)		(6,169,288	)		(1,525,242	)		(16,338,187	)
Net decrease		(11,790	)		$(63,874)			(730,603	)		$(7,715,709)
Class C shares
Sold		101,451			$1,129,721			73,035			$769,935
Distributions reinvested		703			7,781			24,067			239,230
Repurchased		(187,869	)		(2,000,730	)		(471,676	)		(4,894,596	)
Net decrease		(85,715	)		$(863,228)			(374,574	)		$(3,885,431)

133     JOHN HANCOCK SEAPORT LONG/SHORT FUND |     ANNUAL REPORT

	Year Ended 10-31-20						Year Ended 10-31-19
	Shares			Amount			Shares			Amount
Class I shares
Sold		23,042,439			$263,374,171			19,770,705			$216,982,492
Distributions reinvested		491,605			5,722,284			1,546,541			16,145,884
Repurchased		(21,785,297	)		(247,857,080	)		(22,937,508	)		(249,609,059	)
Net increase (decrease)		1,748,747			$21,239,375			(1,620,262	)		$(16,480,683)
Class R6 shares
Sold		1,144,283			$13,811,144			125,178			$1,397,683
Distributions reinvested		25,488			298,970			76,177			802,145
Repurchased		(383,952	)		(4,472,152	)		(626,222	)		(7,038,333	)
Net increase (decrease)		785,819			$9,637,962			(424,867	)		$(4,838,505)
Class NAV shares
Sold		2,060,474			$24,629,626			1,349,204			$14,883,002
Distributions reinvested		138,641			1,626,261			386,495			4,069,796
Repurchased		(9,037,860	)		(103,538,801	)		(1,759,886	)		(19,320,226	)
Net decrease		(6,838,745	)		$(77,282,914)			(24,187	)		$(367,428)
Total net decrease		(4,401,684	)		$(47,332,679)			(3,174,493	)		$(33,287,756)

Affiliates of the fund owned 100% of shares of Class NAV on October 31, 2020. Such concentration of shareholders’ capital could have a material effect on the fund if such shareholders redeem from the fund.

Note 7 — Purchase and sale of securities

Purchases and sales of securities, other than short-term investments, amounted to $992,885,058 and $1,109,348,631, respectively, for the year ended October 31, 2020.

Note 8 — Investment by affiliated funds

Certain investors in the fund are affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the fund for the purpose of exercising management or control; however, this investment may represent a significant portion of the fund’s net assets. At October 31, 2020, funds within the John Hancock group of funds complex held 8.1% of the fund’s net assets. The following fund(s) had an affiliate ownership of 5% or more of the fund’s net assets:

Fund	Affiliated Concentration
John Hancock Funds II Alternative Asset Allocation Fund		8.1	%

Note 9 — Investment in affiliated underlying funds

The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund’s fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the fund, if any, is as follows:

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     134

								Dividends and distributions
Affiliate	Ending share amount	Beginning value	Cost of purchases	Proceeds from shares sold	Realized gain (loss)		Change in unrealized appreciation (depreciation)		Income distributions received	Capital gain distributions received	Ending value
John Hancock Collateral Trust	—	—	$4,441,149	$(4,441,087)	$(62	)	—		$822	—	—

Note 10 — LIBOR discontinuation risk

LIBOR (London Interbank Offered Rate) is a measure of the average interest rate at which major global banks can borrow from one another. Following allegations of rate manipulation and concerns regarding its thin liquidity, in July 2017, the U.K. Financial Conduct Authority, which regulates LIBOR, announced that it will stop encouraging banks to provide the quotations needed to sustain LIBOR after 2021. This event will likely cause LIBOR to cease to be published. Before then, it is expected that market participants will transition to the use of different reference or benchmark rates. However, although regulators have suggested alternative rates, there is currently no definitive information regarding the future utilization of LIBOR or of any replacement rate.

It is uncertain what impact the discontinuation of LIBOR will have on the use of LIBOR as a reference rate for securities in which the fund invests. It is expected that market participants will amend financial instruments referencing LIBOR to include fallback provisions and other measures that contemplate the discontinuation of LIBOR or other similar market disruption events, but neither the effect of the transition process nor the viability of such measures is known. In addition, there are obstacles to converting certain longer term securities and transactions to a new benchmark or benchmarks and the effectiveness of one alternative reference rate versus multiple alternative reference rates in new or existing financial instruments and products has not been determined. As market participants transition away from LIBOR, LIBOR’s usefulness may deteriorate, which could occur prior to the end of 2021. The transition process may lead to increased volatility and illiquidity in markets that currently rely on LIBOR to determine interest rates. LIBOR’s deterioration may adversely affect the liquidity and/or market value of securities that use LIBOR as a benchmark interest rate.

Note 11 — Coronavirus (COVID-19) pandemic

The novel COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance.

Note 12 — New accounting pronouncement

In March 2020, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU), ASU 2020- 04, which provides optional, temporary relief with respect to the financial reporting of contracts subject to certain types of modifications due to the planned discontinuation of the LIBOR and other IBOR-based reference rates as of the end of 2021. The temporary relief provided by ASU 2020-04 is effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management is currently evaluating the potential impact of ASU 2020-04 to the financial statements.

135     JOHN HANCOCK SEAPORT LONG/SHORT FUND |     ANNUAL REPORT

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of John Hancock Investment Trust and Shareholders of John Hancock Seaport Long/Short Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the fund’s investments, of John Hancock Seaport Long/Short Fund (one of the funds constituting John Hancock Investment Trust, referred to hereafter as the “Fund”) as of October 31, 2020, the related statement of operations for the year ended October 31, 2020, the statements of changes in net assets for each of the two years in the period ended October 31, 2020, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2020 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2020, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2020 and the financial highlights for each of the five years in the period ended October 31, 2020 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 16, 2020

We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     136

Tax information (Unaudited)

For federal income tax purposes, the following information is furnished with respect to the distributions of the fund, if any, paid during its taxable year ended October 31, 2020.

The fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.

The fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

The fund reports the maximum amount allowable of its Section 199A dividends as defined in Proposed Treasury Regulation §1.199A-3(d).

Eligible shareholders will be mailed a 2020 Form 1099-DIV in early 2021. This will reflect the tax character of all distributions paid in calendar year 2020.

Please consult a tax advisor regarding the tax consequences of your investment in the fund.

137     JOHN HANCOCK SEAPORT LONG/SHORT FUND |     ANNUAL REPORT

Continuation of Investment Advisory and Subadvisory Agreements

Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees

This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Investment Trust (the Trust) of the Advisory Agreement (the Advisory Agreement) with John Hancock Investment Management LLC (the Advisor) and the Subadvisory Agreement (the Subadvisory Agreement) with Wellington Management Company LLP (the Subadvisor), for John Hancock Seaport Long/Short Fund (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 23-25, 2020 telephonic¹ meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a telephonic meeting held on May 26-27, 2020.

Approval of Advisory and Subadvisory Agreements

At a telephonic meeting held on June 23-25, 2020, the Board, including the Trustees who are not parties to any agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees), reapproved for an annual period the continuation of the Advisory Agreement between the Trust and the Advisor and the Subadvisory Agreement between the Advisor and the Subadvisor with respect to the fund.

In considering the Advisory Agreement and the Subadvisory Agreement, the Board received in advance of the meetings a variety of materials relating to the fund, the Advisor and the Subadvisor, including comparative performance, fee and expense information for a peer group of similar funds prepared by an independent third-party provider of fund data, performance information for an applicable benchmark index; and, with respect to the Subadvisor, comparative performance information for comparably managed accounts, as applicable, and other information provided by the Advisor and the Subadvisor regarding the nature, extent and quality of services provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor’s revenues and costs of providing services to the fund and any compensation paid to affiliates of the Advisor. At the meetings at which the renewal of the Advisory Agreement and Subadvisory Agreement are considered, particular focus is given to information concerning fund performance, comparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisor is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to the fund, including quarterly performance reports prepared by management containing reviews of investment results and prior presentations from the Subadvisor with respect to the fund. The information received and considered by the Board in connection with the May and June meetings and throughout the year was both written and oral. The Board also considered the nature, quality, and extent of non-advisory services, if any, to be provided to the fund by the Advisor’s affiliates, including distribution services. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the fund.

Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from

¹On March 25, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pan-demic, the Securities and Exchange Commission issued an exemptive order (the “Order”) pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the “1940 Act”), that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board’s May and June meetings were held telephonically in reliance on the Order.

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     138

their independent legal counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.

Approval of Advisory Agreement

In approving the Advisory Agreement with respect to the fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets, and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board’s conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board’s ongoing regular review of fund performance and operations throughout the year.

Nature, extent, and quality of services. Among the information received by the Board from the Advisor relating to the nature, extent, and quality of services provided to the fund, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor’s compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust’s Chief Compliance Officer (CCO) regarding the fund’s compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the fund’s compliance programs, risk management programs, liquidity management programs and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the fund, including, but not limited to, general supervision of and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and other third-party service providers. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the fund including entrepreneurial risk in sponsoring new funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.

In considering the nature, extent, and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor’s management and the quality of the performance of the Advisor’s duties, through Board meetings, discussions and reports during the preceding year and through each Trustee’s experience as a Trustee of the Trust and of the other trusts in the John Hancock group of funds complex (the John Hancock Fund Complex).

In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:

(a) the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues;

(b) the background, qualifications and skills of the Advisor’s personnel;

(c) the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments;

(d) the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund;

139     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT

(e) the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund;

(f) the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and

(g) the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments.

The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the fund.

Investment performance. In considering the fund’s performance, the Board noted that it reviews at its regularly scheduled meetings information about the fund’s performance results. In connection with the consideration of the Advisory Agreement, the Board:

(a) reviewed information prepared by management regarding the fund’s performance;

(b) considered the comparative performance of an applicable benchmark index;

(c) considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and

(d) took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally.

The Board noted that while it found the data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on the end date selected and the results of the performance comparisons may vary depending on the selection of the peer group. The Board noted that the fund underperformed its benchmark index for the one-, three- and five-year periods ended December 31, 2019. The Board also noted that the fund outperformed its peer group median for the one-, three and five-year periods ended December 31, 2019. The Board took into account management’s discussion of the fund’s performance, including favorable performance relative to the peer group for the one-, three- and five-year periods. The Board concluded that the fund’s performance has generally been in line with or outperformed the historical performance of comparable funds.

Fees and expenses. The Board reviewed comparative information prepared by an independent third-party provider of fund data, including, among other data, the fund’s contractual and net management fees (and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the fund in light of the nature, extent and quality of the management and advisory and subadvisory services provided by the Advisor and the Subadvisor. The Board considered the fund’s ranking within a smaller group of peer funds chosen by the independent third-party provider, as well as the fund’s ranking within a broader group of funds. In comparing the fund’s contractual and net management fees to those of comparable funds, the Board noted that such fees include both advisory and administrative costs. The Board noted that net management fees for the fund are higher than the peer group median and net total expenses for the fund are lower than the peer group median.

The Board took into account management’s discussion of the fund’s expenses. The Board also took into account management’s discussion with respect to the overall management fee and the fees of the Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fee, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor pays the subadvisory fee, and that such fees are negotiated at arm’s length with respect to the Subadvisor. In addition, the Board took into account that management had agreed to implement an overall fee waiver across the complex, including the fund, which is discussed further below. The Board also noted actions taken over the

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     140

past several years to reduce the fund’s operating expenses. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to the fund and that the fund has breakpoints in its contractual management fee schedule that reduces management fees as assets increase. The Board noted that the fund has a voluntary fee waiver and/or expense reimbursement, which reduces certain expenses of the fund. The Board reviewed information provided by the Advisor concerning the investment advisory fee charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the John Hancock Fund Complex) having similar investment mandates, if any. The Board considered any differences between the Advisor’s and Subadvisor’s services to the fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fee paid with respect to the fund is reasonable in light of the nature, extent and quality of the services provided to the fund under the Advisory Agreement.

Profitability/Fall out benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates from the Advisor’s relationship with the Trust, the Board:

(a) reviewed financial information of the Advisor;

(b) reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund;

(c) received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund;

(d) received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies;

(e) considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board;

(f) considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement;

(g) noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund;

(h) noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund;

(i) noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length;

(j) considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and

(k) considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk.

Based upon its review, the Board concluded that the level of profitability, if any, of the Advisor and its affiliates from their relationship with the fund was reasonable and not excessive.

141     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT

Economies of scale. In considering the extent to which economies of scale would be realized as the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders, the Board:

(a) considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund;

(b) reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and

(c) the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale.

Approval of Subadvisory Agreement

In making its determination with respect to approval of the Subadvisory Agreement, the Board reviewed:

(1) information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex);

(2) the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds;

(3) the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third-party provider of fund data; and

(4) information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor.

Nature, extent, and quality of services. With respect to the services provided by the Subadvisor, the Board received information provided to the Board by the Subadvisor, including the Subadvisor’s Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor’s current level of staffing and its overall resources, as well as received information relating to the Subadvisor’s compensation program. The Board reviewed the Subadvisor’s history and investment experience, as well as information regarding the qualifications, background, and responsibilities of the Subadvisor’s investment and compliance personnel who provide services to the fund. The Board also considered, among other things, the Subadvisor’s compliance program and any disciplinary history. The Board also considered the Subadvisor’s risk assessment and monitoring process. The Board reviewed the Subadvisor’s regulatory history, including whether it was involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular, periodic reviews of the Subadvisor and its operations, including regarding investment processes and organizational and staffing matters. The Board also noted that the Trust’s CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     142

The Board considered the Subadvisor’s investment process and philosophy. The Board took into account that the Subadvisor’s responsibilities include the development and maintenance of an investment program for the fund that is consistent with the fund’s investment objective, the selection of investment securities and the placement of orders for the purchase and sale of such securities, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to the Subadvisor’s brokerage policies and practices, including with respect to best execution and soft dollars.

Subadvisor compensation. In considering the cost of services to be provided by the Subadvisor and the profitability to the Subadvisor of its relationship with the fund, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the fund.

The Board also relied on the ability of the Advisor to negotiate the Subadvisory Agreement with the Subadvisor, which is not affiliated with the Advisor, and the fees thereunder at arm’s length. As a result, the costs of the services to be provided and the profits to be realized by the Subadvisor from its relationship with the Trust were not a material factor in the Board’s consideration of the Subadvisory Agreement.

The Board also received information regarding the nature and scope (including their significance to the Advisor and its affiliates and to the Subadvisor) of any material relationships with respect to the Subadvisor, which include arrangements in which the Subadvisor or its affiliates provide advisory, distribution, or management services in connection with financial products sponsored by the Advisor or its affiliates, and may include other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans. The Board also received information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.

In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor’s relationship with the fund, such as the opportunity to provide advisory services to additional funds in the John Hancock Fund Complex and reputational benefits.

Subadvisory fees. The Board considered that the fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. As noted above, the Board also considered the fund’s subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the fund as included in the report prepared by the independent third-party provider of fund data, to the extent available. The Board noted that the limited size of the Lipper peer group was not sufficient for comparative purposes. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the fund and compared them to fees charged by the Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.

Subadvisor performance. As noted above, the Board considered the fund’s performance as compared to the fund’s peer group and the benchmark index and noted that the Board reviews information about the fund’s performance results at its regularly scheduled meetings. The Board noted the Advisor’s expertise and resources in monitoring the performance, investment style and risk-adjusted performance of the Subadvisor. The Board was mindful of the Advisor’s focus on the Subadvisor’s performance. The Board also noted the Subadvisor’s long-term performance record for similar accounts, as applicable.

The Board’s decision to approve the Subadvisory Agreement was based on a number of determinations, including the following:

(1) the Subadvisor has extensive experience and demonstrated skills as a manager;

(2) the performance of the fund has generally outperformed the historical performance of comparable funds;

(3) the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and

143     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT

(4) noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows.

*  *  *

Based on the Board’s evaluation of all factors that the Board deemed to be material, including those factors described above, the Board, including the Independent Trustees,concluded that renewal of the Advisory Agreement and the Subadvisory Agreement would be in the best interest of the fund and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement for an additional one-year period.

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     144

Trustees and Officers

This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the fund and execute policies formulated by the Trustees.

Independent Trustees

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since1	Number of John Hancock funds overseen by Trustee
Hassell H. McClellan, Born: 1945	2012	196
Trustee and Chairperson of the Board
Director/Trustee, Virtus Funds (since 2008); Director, The Barnes Group (since 2010); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex.
Charles L. Bardelis,2 Born: 1941	2012	196
Trustee
Director, Island Commuter Corp. (marine transport). Trustee, John Hancock Collateral Trust (since 2014), Trustee of various trusts within the John Hancock Fund Complex (since 1988).
James R. Boyle, Born: 1959	2015	196
Trustee
Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).
Peter S. Burgess,2 Born: 1942	2012	196
Trustee
Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (since 2004); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005).
William H. Cunningham, Born: 1944	1986	196
Trustee
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986).
Grace K. Fey, Born: 1946	2012	196
Trustee
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

145     JOHN HANCOCK SEAPORT LONG/SHORT FUND |     ANNUAL REPORT

Independent Trustees (continued)

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since1	Number of John Hancock funds overseen by Trustee
Deborah C. Jackson, Born: 1952	2008	196
Trustee
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Massachusetts Women’s Forum (since 2018); Board of Directors, National Association of Corporate Directors/New England (since 2015); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008).
James M. Oates,2 Born: 1946	2012	196
Trustee
Managing Director, Wydown Group (financial consulting firm) (since 1994); Chairman and Director, Emerson Investment Management, Inc. (2000-2015); Independent Chairman, Hudson Castle Group, Inc. (formerly IBEX Capital Markets, Inc.) (financial services company) (1997–2011); Director, Stifel Financial (since 1996); Director, Investor Financial Services Corporation (1995–2007); Director, Connecticut River Bancorp (1998-2014); Director/Trustee, Virtus Funds (since 1988). Trustee (since 2004) and Chairperson of the Board (2005-2016) of various trusts within the John Hancock Fund Complex.
Steven R. Pruchansky, Born: 1944	1994	196
Trustee and Vice Chairperson of the Board
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (since 2014); Director and President, Greenscapes of Southwest Florida, Inc. (2000-2014); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex.
Frances G. Rathke,2,* Born: 1960	2020	196
Trustee
Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020).

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     146

Independent Trustees (continued)

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since1	Number of John Hancock funds overseen by Trustee
Gregory A. Russo, Born: 1949	2009	196
Trustee
Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer,Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

Non-Independent Trustees³

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since1	Number of John Hancock funds overseen by Trustee
Andrew G. Arnott, Born: 1971	2017	196
President and Non-Independent Trustee
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Executive Vice President, John Hancock Financial Services (since 2009, including prior positions); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).
Marianne Harrison, Born: 1963	2018	196
Non-Independent Trustee
President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors,MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018).

147     JOHN HANCOCK SEAPORT LONG/SHORT FUND     |     ANNUAL REPORT

Principal officers who are not Trustees
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Officer of the Trust since
Charles A. Rizzo, Born: 1957	2007
Chief Financial Officer
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007).
Salvatore Schiavone, Born: 1965	2010
Treasurer
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions).
Christopher (Kit) Sechler, Born: 1973	2018
Chief Legal Officer and Secretary
Vice President and Deputy Chief Counsel, John Hancock Investments (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investments; Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2018); Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009).
Trevor Swanberg, Born: 1979	2020
Chief Compliance Officer
Chief Compliance Officer, various trusts within the John Hancock Fund Complex, John Hancock Investment Management LLC, and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2018–2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2016–2018); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016).

The business address for all Trustees and Officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023.

The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the

Trust and is available without charge, upon request, by calling 800-225-5291.

¹ Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table.

² Member of the Audit Committee.

³ The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

^* Appointed as Independent Trustee effective as of September 15, 2020.

ANNUAL REPORT      |     JOHN HANCOCK SEAPORT LONG/SHORT FUND     148

    More information

Trustees	Investment advisor
Hassell H. McClellan, Chairperson	John Hancock Investment Management LLC
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott†	Subadvisor
Charles L. Bardelis*	Wellington Management Company LLP
James R. Boyle
Peter S. Burgess*	Portfolio Managers
William H. Cunningham	Steven C. Angeli, CFA
Grace K. Fey	Jennifer N. Berg, CFA
Marianne Harrison†	Robert L. Deresiewicz
Deborah C. Jackson	Ann C. Gallo
James M. Oates*	Bruce L. Glazer
Frances G. Rathke1,*	Andrew R. Heiskell
Gregory A. Russo	Jean M. Hynes, CFA3
	Keith E. White
Officers
Andrew G. Arnott	Principal distributor
President	John Hancock Investment Management Distributors LLC
Charles A. Rizzo
Chief Financial Officer	Custodian
Salvatore Schiavone	State Street Bank and Trust Company
Treasurer
Christopher (Kit) Sechler	Transfer agent
Secretary and Chief Legal Officer	John Hancock Signature Services, Inc.
Trevor Swanberg2
Chief Compliance Officer	Legal counsel
	K&L Gates LLP
*  Member of the Audit Committee	Independent registered public accounting firm
†  Non-Independent Trustee	PricewaterhouseCoopers LLP
1  Appointed as Independent Trustee effective as of September 15, 2020
2  Effective July 31, 2020
3  Effective July 1, 2021, Jean M. Hynes, CFA will no longer serve as a portfolio manager of the fund and Rebecca D. Sykes, CFA, will be added as a leader of the fund’s investment management team.

The fund’s proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.

All of the fund’s holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The fund’s Form N-PORT filings are available on our website and the SEC’s website, sec.gov.

We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.

You can also contact us:
800-225-5291	Regular mail:	Express mail:
jhinvestments.com	John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909	John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407

149     JOHN HANCOCK SEAPORT LONG/SHORT FUND |     ANNUAL REPORT

Protect yourself by using eDelivery

Signing up for the electronic delivery of your statements and other financial publications is a great way to help protect your privacy. eDelivery provides you with secure, instant access to all of your statements in one convenient location.

BENEFITS OF EDELIVERY
∎	Added security: Password protection helps you safely retrieve documents online
∎	Save time: Receive instant email notification once statements are available
∎	Reduce clutter: View documents online to reduce the amount of paper for filing, shredding, or recycling
SIGN UP FOR EDELIVERY TODAY!

Direct shareholders

If you receive statements directly through John Hancock Investment Management and would like to participate in eDelivery, go to jhinvestments.com/login. To log in to your account, click on the “Log in” button on the page’s top right corner. In the “Access your investments account” area, go to the “Individual retirement or mutual fund account” section and select the option that applies to you. Please be aware that you may be required to provide your account number and certain personal account information.

You may revoke your consent at any time by simply visiting jhinvestments.com/login and following the instructions above. You may also revoke consent by calling 800-225-5291 or by writing to us at the following address: John Hancock Signature Services, P.O. Box 219909, Kansas City, MO 64121-9909. We reserve the right to deliver documents to you on paper at any time should the need arise.

Brokerage account shareholders

If you receive statements directly from your bank or broker and would like to participate in eDelivery, go to icsdelivery/live or contact your financial representative.

Not part of the shareholder report

Get your questions answered by using our shareholder resources

ONLINE
∎	Visit jhinvestments.com to access a range of resources for individual investors, from account details and fund information to forms and our latest insight on the markets and economy.
∎	Use our Fund Compare tool to compare thousands of funds and ETFs across dozens of risk and performance metrics—all powered by Morningstar.
∎	Visit our online Tax Center, where you’ll find helpful taxpayer resources all year long, including tax forms, planning guides, and other fund-specific information.
∎	Follow us on Facebook, Twitter, and LinkedIn to get the latest updates on the markets and what’s trending now.
BY PHONE
Call our customer service representatives at 800-225-5291, Monday to Thursday, 8:00 A.M. to 7:00 P.M., and Friday, 8:00 A.M. to 6:00 P.M., Eastern time. We’re here to help!

Not part of the shareholder report

    John Hancock family of funds

DOMESTIC EQUITY FUNDS

Blue Chip Growth

Classic Value

Disciplined Value

Disciplined Value Mid Cap

Equity Income

Financial Industries

Fundamental All Cap Core

Fundamental Large Cap Core

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

GLOBAL AND INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

INCOME FUNDS

Bond

California Tax-Free Income

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Short Duration Bond

Short Duration Credit Opportunities

Strategic Income Opportunities

Tax-Free Bond

ALTERNATIVE AND SPECIALTY FUNDS

Absolute Return Currency

Alternative Asset Allocation

Alternative Risk Premia

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

A fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investment Management at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.

ASSET ALLOCATION

Balanced

Multi-Asset High Income

Multi-Index Lifetime Portfolios

Multi-Index Preservation Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

Retirement Income 2040

EXCHANGE-TRADED FUNDS

John Hancock Multifactor Consumer Discretionary ETF

John Hancock Multifactor Consumer Staples ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Energy ETF

John Hancock Multifactor Financials ETF

John Hancock Multifactor Healthcare ETF

John Hancock Multifactor Industrials ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Materials ETF

John Hancock Multifactor Media and Communications ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Multifactor Technology ETF

John Hancock Multifactor Utilities ETF

ENVIRONMENTAL, SOCIAL, AND GOVERNANCE FUNDS

ESG All Cap Core

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Financial Opportunities

Hedged Equity & Income

Income Securities Trust

Investors Trust

Preferred Income

Preferred Income II

Preferred Income III

Premium Dividend

Tax-Advantaged Dividend Income

Tax-Advantaged Global Shareholder Yield

John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC or Dimensional Fund Advisors LP.

Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.

John Hancock Investment Management

A trusted brand

John Hancock Investment Management is a premier asset manager with a heritage of financial stewardship dating back to 1862. Helping our shareholders pursue their financial goals is at the core of everything we do. It’s why we support the role of professional financial advice and operate with the highest standards of conduct and integrity.

A better way to invest

We serve investors globally through a unique multimanager approach: We search the world to find proven portfolio teams with specialized expertise for every strategy we offer, then we apply robust investment oversight to ensure they continue to meet our uncompromising standards and serve the best interests of our shareholders.

Results for investors

Our unique approach to asset management enables us to provide a diverse set of investments backed by some of the world’s best managers, along with strong risk-adjusted returns across asset classes.

John Hancock Investment Management Distributors LLC ∎ Member FINRA, SIPC

200 Berkeley Street ∎ Boston, MA 02116-5010 ∎ 800-225-5291 ∎ jhinvestments.com

This report is for the information of the shareholders of John Hancock Seaport Long/Short Fund.

It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

437A 10/20

12/2020

Dear shareholders,

Despite heightened fears over the coronavirus (COVID-19), which sent markets tumbling in the first quarter of the calendar year, global financial markets delivered positive returns for the 12 months ended October 31, 2020. The governments of many nations worked to shore up their economies, and equity markets began to rise from their first-quarter sell- off; this comeback gathered momentum for the remainder of the period.

Of course, it would be a mistake to consider this market turnaround a trustworthy signal of assured or swift economic recovery. Economic growth has slowed as the ongoing spread of COVID-19 continues to create uncertainty among businesses and investors. Lockdowns and curfews in certain parts of the world have been reinstated and consumer spending remains far below prepandemic levels.

From an investment perspective, we continue to think that maintaining a focus on long-term objectives while pursuing a risk-aware strategy is a prudent way forward. Above all, we believe the counsel of a trusted financial professional continues to matter now more than ever. Periods of heightened uncertainty are precisely the time to review your financial goals and follow a plan that helps you make the most of what continues to be a challenging situation.

On behalf of everyone at John Hancock Investment Management, I’d like to take this opportunity to welcome new shareholders and thank existing shareholders for the continued trust you’ve placed in us.

Sincerely,

Andrew G. Arnott

President and CEO,

John Hancock Investment Management

Head of Wealth and Asset Management,

United States and Europe

This commentary reflects the CEO’s views, which are subject to change at any time. Investing involves risks, including the potential loss of principal. Diversification does not guarantee a profit or eliminate the risk of a loss. It is not possible to invest directly in an index. For more up-to-date information, please visit our website at jhinvestments.com.

John Hancock

Disciplined Value International Fund

Table of contents
	2	Your fund at a glance
	4	Manager’s discussion of fund performance
	6	A look at performance
	8	Your expenses
	10	Fund’s investments
	14	Financial statements
	18	Financial highlights
	25	Notes to financial statements
	36	Report of independent registered public accounting firm
	37	Tax information
	38	Continuation of investment advisory and subadvisory agreements
	45	Trustees and Officers
	49	More information

1     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT

Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks long-term capital growth.

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2020 (%)

The MSCI EAFE Index (Europe, Australasia, Far East) is a free-float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

The fund’s Morningstar category average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on their historical portfolio holdings. Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower. Since inception returns for the Morningstar fund category average are not available.

¹The fund is the successor to Robeco Boston Partners International Equity Fund (predecessor fund) and Class A shares were first offered on 9-29-14. Returns prior to this date are those of the predecessor fund’s institutional class shares, that have not been adjusted for class-specific expenses; otherwise, returns would vary.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Performance of the other share classes will vary based on the difference in the fees and expenses of those classes. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and can be found at jhinvestments.com or by calling 800-225-5291. For further information on the fund’s objectives, risks, and strategy, see the fund’s prospectus.

ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     2

PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

International equities posted negative returns for the period

The fund’s benchmark, the MSCI EAFE Index, returned a loss of 6.86%.

The fund also posted a loss and trailed the benchmark

Our value orientation was a headwind for performance at a time in which growth stocks were in favor.

Holdings in the industrials and healthcare sectors underperformed

While investments in the industrials and healthcare sectors negatively affected performance, the fund benefited from stock selection in materials and an overweight in information technology.

SECTOR COMPOSITION AS OF 10/31/2020 (% of net assets)

A note about risks

The fund may be subject to various risks as described in the fund’s prospectus. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance. For example, the novel coronavirus disease (COVID-19) has resulted in significant disruptions to global business activity. The impact of a health crisis and other epidemics and pandemics that may arise in the future, could affect the global economy in ways that cannot necessarily be foreseen at the present time. A health crisis may exacerbate other pre-existing political, social, and economic risks. Any such impact could adversely affect the fund’s performance, resulting in losses to your investment. For more information, please refer to the “Principal risks” section of the prospectus.

3     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT

Manager’s discussion of fund performance

Can you describe the market environment during the 12 months ended October 31, 2020?

After beginning the period on a strong note, the world markets sold off sharply in February and March 2020 in reaction to the spread of COVID-19 and governments’ efforts to contain the virus by locking down large segments of their economies. Stocks subsequently staged an impressive rally off of their late March lows in response to the extensive economic stimulus programs enacted by global governments and central banks. Unlike the U.S. market, however, international stocks were unable to recapture their prepandemic highs.

The value style finished well behind growth, perpetuating a long-standing trend. Given the backdrop of slowing economic conditions worldwide, investors continued to gravitate to companies seen as having the most reliable growth characteristics. This environment proved challenging for the fund due to our emphasis on valuation as the cornerstone of our investment process.

What aspects of the fund’s positioning helped and hurt relative performance?

The fund’s holdings lagged the corresponding benchmark components by a wide margin in the industrials, healthcare, and financials sectors. Within industrials, the fund’s overweight allocation to small and midsize European companies hurt results

TOP 10 HOLDINGS AS OF 10/31/2020 (% of net assets)		TOP 10 COUNTRIES AS OF 10/31/2020 (% of net assets)
Sony Corp.	2.7	Japan	21.3
Hitachi, Ltd.	2.6	France	13.9
Samsung Electronics Company, Ltd.	2.5	United Kingdom	12.3
Novartis AG	2.3	Switzerland	8.5
Roche Holding AG	2.2	Germany	7.2
BNP Paribas SA	2.0	South Korea	6.5
Sanofi	1.9	Netherlands	4.4
KDDI Corp.	1.8	Canada	3.5
Kinross Gold Corp.	1.8	China	1.9
Capgemini SE	1.7	Hong Kong	1.7
TOTAL	21.5	TOTAL	81.2
Cash and cash equivalents are not included.		Cash and cash equivalents are not included.

ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     4

as heightened macroeconomic uncertainty prompted investors to rotate to the perceived safety of large-cap stocks. The leading individual detractors in the sector include Leonardo SpA and Eiffage SA. In healthcare, the fund was hurt by not having investments in a number of biotechnology, equipment and supplies, and life sciences stocks that benefited

MANAGED BY                                                  Christopher K. Hart, CFA Joseph F. Feeney, Jr., CFA Joshua M. Jones, CFA Joshua C. White, CFA

from the pandemic. German pharmaceutical and crop science company Bayer AG, which remained under pressure from the ongoing Roundup litigation, also detracted from results. We sold the position prior to period end. A zero weighting in Nestle SA, which benefited from rising investor demand for defensive companies, was the main detractor from performance in consumer staples. On the positive side, the fund’s positioning in the information technology and materials sectors aided relative performance. Several of the fund’s technology holdings, including STMicroelectronics NV, Capgemini SE, and Samsung Electronics Company, Ltd., posted solid gains. The sector was a bright spot in the pandemic as work-from-home and shelter-in-place restrictions led to higher demand for many technology companies’ products and services. In the materials sector, positions in Barrick Gold Corp. and Yamana Gold, Inc. delivered strong performance as world central banks expanded their balance sheets in an effort to offset the economic impact of the virus. We sold the fund’s position in Barrick Gold prior to period end.

The views expressed in this report are exclusively those of Christopher K. Hart, CFA, Boston Partners, and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the fund for the entire period. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk. Boston Partners is an indirect, wholly owned subsidiary of Orix Corporation of Japan.

5     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT

A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2020

	Average annual total returns (%)						Cumulative total returns (%)
	with maximum sales charge						with maximum sales charge
	1-year		5-year		Since inception (12-30-11)		5-year		Since inception     (12-30-11)
Class A 1		-15.94		-1.47		3.52		-7.14		35.74
Class C1		-13.16		-1.17		3.61		-5.72		36.81
Class I1,2		-11.36		-0.17		4.33		-0.82		45.49
Class R21,2		-11.61		-0.55		4.07		-2.74		42.31
Class R41,2		-11.44		-0.29		4.24		-1.46		44.40
Class R61,2		-11.28		-0.08		4.40		-0.38		46.38
Class NAV1,2		-11.28		-0.06		4.40		-0.29		46.39
Index†		-6.86		2.85		5.70		15.07		63.19

Performance figures assume all distributions have been reinvested. Figures reflect maximum sales charges on Class A shares of 5.00% and the applicable contingent deferred sales charge (CDSC) on Class C shares. Class C shares sold within one year of purchase are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R2, Class R4, Class R6, and Class NAV shares.

The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the fund and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual fee waivers and expense limitations in effect until February 28, 2021 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:

	Class A	Class C	Class I	Class R2	Class R4	Class R6	Class NAV
Gross (%)	1.23	1.98	0.98	1.37	1.22	0.87	0.86
Net (%)	1.22	1.97	0.97	1.36	1.11	0.86	0.85

Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.

The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the fund’s website at jhinvestments.com.

The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The fund’s performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.

^†  Index is the MSCI EAFE Index.

See the following page for footnotes.

ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     6

This chart and table show what happened to a hypothetical $10,000 investment in John Hancock Disciplined Value International Fund for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in the MSCI EAFE Index.

	Start date	With maximum sales charge ($)	Without sales charge ($)	Index ($)
Class C1,3	12-30-11	13,681	13,681	16,319
Class I1,2	12-30-11	14,549	14,549	16,319
Class R21,2	12-30-11	14,231	14,231	16,319
Class R41,2	12-30-11	14,440	14,440	16,319
Class R61,2	12-30-11	14,638	14,638	16,319
Class NAV1,2	12-30-11	14,639	14,639	16,319

The MSCI EAFE Index (Europe, Australasia, Far East) is a free-float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would have resulted in lower returns.

Footnotes related to performance pages

¹ The fund is the successor to Robeco Boston Partners International Equity Fund (predecessor fund) and Class A, Class C, Class I, Class R2, Class R4, and Class R6 shares were first offered on 9-29-14. Class NAV shares were first offered on 4- 13- 15. Returns prior to this date are those of the predecessor fund’s institutional class shares, that have not been adjusted for class-specific expenses; otherwise, returns would vary.

² For certain types of investors, as described in the fund’s prospectuses.

³ The contingent deferred sales charge is not applicable.

7     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT

Your expenses

These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds.

Understanding fund expenses

As a shareholder of the fund, you incur two types of costs:

^∎  Transaction costs, which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc.

^∎ Ongoing operating expenses, including management fees, distribution and service fees (if applicable), and other fund expenses.

We are presenting only your ongoing operating expenses here.

Actual expenses/actual returns

The first line of each share class in the table on the following page is intended to provide information about the fund’s actual ongoing operating expenses, and is based on the fund’s actual return. It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020.

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at October 31, 2020, by $1,000.00, then multiply it by the “expenses paid” for your share class from the table. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

Hypothetical example for comparison purposes

The second line of each share class in the table on the following page allows you to compare the fund’s ongoing operating expenses with those of any other fund. It provides an example of the fund’s hypothetical account values and hypothetical expenses based on each class’s actual expense ratio and an assumed 5% annualized return before expenses (which is not the class’s actual return). It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     8

Remember, these examples do not include any transaction costs, therefore, these examples will not help you to determine the relative total costs of owning different funds. If transaction costs were included, your expenses would have been higher. See the prospectuses for details regarding transaction costs.

SHAREHOLDER EXPENSE EXAMPLE CHART

		Account value on 5-1-2020		Ending value on 10-31-2020		Expenses paid during period ended 10-31-20201		Annualized expense ratio
Class A	Actual expenses/actual returns		$1,000.00		$1,067.70		$ 6.29		1.21%
	Hypothetical example		1,000.00		1,019.10		6.14		1.21%
Class C	Actual expenses/actual returns		1,000.00		1,062.70		10.21		1.97%
	Hypothetical example		1,000.00		1,015.20		9.98		1.97%
Class I	Actual expenses/actual returns		1,000.00		1,068.60		5.10		0.98%
	Hypothetical example		1,000.00		1,020.20		4.98		0.98%
Class R2	Actual expenses/actual returns		1,000.00		1,067.60		6.81		1.31%
	Hypothetical example		1,000.00		1,018.60		6.65		1.31%
Class R4	Actual expenses/actual returns		1,000.00		1,068.70		5.67		1.09%
	Hypothetical example		1,000.00		1,019.70		5.53		1.09%
Class R6	Actual expenses/actual returns		1,000.00		1,068.60		4.42		0.85%
	Hypothetical example		1,000.00		1,020.90		4.32		0.85%
Class NAV	Actual expenses/actual returns		1,000.00		1,069.70		4.37		0.84%
	Hypothetical example		1,000.00		1,020.90		4.27		0.84%

¹  Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period).

9     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT

Fund’s investments

AS OF 10-31-20
	Shares		Value
Common stocks 96.9%			$	1,627,634,051
(Cost $1,699,869,626)
Austria 0.5%				9,145,984
ams AG (A)		427,149		9,145,984
Bermuda 1.2%				20,743,458
Everest Re Group, Ltd.		105,254		20,743,458
Brazil 0.4%				6,617,907
Petroleo Brasileiro SA, ADR		998,176		6,617,907
Canada 3.5%				58,297,590
Kinross Gold Corp.		3,759,356		29,962,067
Yamana Gold, Inc.		5,096,317		28,335,523
China 1.9%				32,120,877
Alibaba Group Holding, Ltd. (A)		519,600		19,689,656
Topsports International Holdings, Ltd. (B)		9,066,000		12,431,221
Denmark 0.8%				13,889,117
Novo Nordisk A/S, B Shares		217,815		13,889,117
Finland 1.5%				24,880,378
Sampo OYJ, A Shares		659,321		24,880,378
France 13.9%				233,553,566
AXA SA		1,289,161		20,702,951
BNP Paribas SA (A)		967,398		33,737,678
Capgemini SE		247,360		28,562,037
Cie de Saint-Gobain (A)		336,401		13,103,960
Eiffage SA (A)		302,236		21,935,437
Imerys SA		182,666		5,460,040
Peugeot SA (A)		1,325,797		23,816,809
Rexel SA (A)		918,210		9,667,493
Sanofi		343,757		31,038,881
TOTAL SE (C)		894,651		27,104,903
Vinci SA		233,252		18,423,377
Germany 7.2%				120,752,078
Allianz SE		153,729		27,079,980
Brenntag AG		175,261		11,202,018
Continental AG		122,754		13,042,685
Deutsche Post AG		375,755		16,660,161
Deutsche Telekom AG		1,026,480		15,601,156
Heidelberg Cement AG		138,544		7,923,778
Rheinmetall AG		114,404		8,361,047
Siemens AG		177,992		20,881,253

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     10

	Shares		Value
Greece 0.7%				$11,254,218
Hellenic Telecommunications Organization SA		848,628		11,254,218
Hong Kong 1.7%				28,402,079
China Overseas Land & Investment, Ltd.		3,375,500		8,478,548
CK Asset Holdings, Ltd.		1,516,000		7,039,533
WH Group, Ltd. (B)		16,358,000		12,883,998
Hungary 0.9%				14,899,991
OTP Bank NYRT (A)		477,647		14,899,991
India 0.7%				12,073,428
HDFC Bank, Ltd., ADR (A)		210,192		12,073,428
Indonesia 0.8%				13,361,742
Bank Rakyat Indonesia Persero Tbk PT		59,025,600		13,361,742
Ireland 0.9%				14,582,349
CRH PLC		415,549		14,582,349
Isle of Man 0.3%				5,818,466
GVC Holdings PLC (A)		464,471		5,818,466
Italy 1.6%				26,234,489
Enel SpA		1,943,416		15,451,086
Leonardo SpA (C)		2,261,561		10,783,403
Japan 21.3%				358,105,748
Fuji Corp.		764,600		15,371,499
Fuji Electric Company, Ltd.		303,100		9,190,891
Hitachi, Ltd.		1,313,300		44,263,851
KDDI Corp.		1,136,700		30,753,409
Kinden Corp.		434,800		6,817,603
Kurita Water Industries, Ltd.		139,400		4,147,671
Kyudenko Corp.		365,400		9,972,224
NEC Corp.		410,800		20,692,075
Nintendo Company, Ltd.		19,400		10,489,363
Nippon Telegraph & Telephone Corp.		565,100		11,887,357
Persol Holdings Company, Ltd.		443,600		6,718,855
Rengo Company, Ltd.		1,065,700		8,199,439
Sankyu, Inc.		181,900		6,515,957
Sanwa Holdings Corp.		1,639,700		18,703,887
Sony Corp.		3,260,528		45,551,445
Sumitomo Mitsui Financial Group, Inc.		614,100		16,999,457
Taiheiyo Cement Corp.		208,700		4,898,621
Taisei Corp.		392,000		12,198,228
Taiyo Yuden Company, Ltd.		576,500		21,322,955
TechnoPro Holdings, Inc.		178,000		11,071,150
Tokyo Electron, Ltd.		52,700		14,145,253

11     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Shares		Value
Japan (continued)
TS Tech Company, Ltd.		327,300		$9,059,262
Zenkoku Hosho Company, Ltd.		485,200		19,135,296
Macau 0.6%				10,240,672
Wynn Macau, Ltd. (A)(C)		7,412,000		10,240,672
Netherlands 4.4%				73,405,314
Aalberts NV		349,194		11,715,109
ING Groep NV (A)		1,479,744		10,135,799
Koninklijke Ahold Delhaize NV		353,469		9,690,593
NN Group NV		433,868		15,098,959
NXP Semiconductors NV		66,303		8,958,861
Royal Dutch Shell PLC, A Shares		928,987		11,686,227
Signify NV (A)(B)		172,411		6,119,766
Norway 0.7%				12,019,979
DNB ASA		679,823		9,180,866
Yara International ASA (C)		81,128		2,839,113
Singapore 0.5%				9,095,411
DBS Group Holdings, Ltd.		610,600		9,095,411
South Korea 6.5%				109,870,966
GS Retail Company, Ltd.		186,008		5,282,061
Hana Financial Group, Inc.		723,740		19,550,013
KB Financial Group, Inc.		553,090		19,783,921
KT Corp., ADR		1,384,726		13,321,064
POSCO		53,944		9,958,287
Samsung Electronics Company, Ltd.		835,076		41,975,620
Spain 0.9%				14,695,858
Amadeus IT Group SA		99,251		4,728,913
Applus Services SA (A)		1,271,543		9,966,945
Sweden 1.3%				21,001,522
Volvo AB, B Shares (A)		1,080,481		21,001,522
Switzerland 8.5%				142,754,714
Glencore PLC (A)		5,747,882		11,594,880
Novartis AG		500,593		39,007,502
Roche Holding AG		114,558		36,811,098
STMicroelectronics NV		899,820		27,448,216
UBS Group AG		2,395,901		27,893,018
Taiwan 0.5%				8,521,936
Simplo Technology Company, Ltd.		764,000		8,521,936
United Kingdom 12.3%				206,177,948
BAE Systems PLC		2,392,028		12,296,009

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     12

			Shares		Value
United Kingdom (continued)
Coca-Cola European Partners PLC				438,541		$15,660,299
Direct Line Insurance Group PLC				3,541,134		12,101,547
GlaxoSmithKline PLC				769,036		12,841,791
Imperial Brands PLC				1,082,248		17,129,565
Inchcape PLC (A)				1,956,179		12,548,390
Melrose Industries PLC (A)				5,692,233		8,830,215
Nomad Foods, Ltd. (A)				853,166		20,689,276
Persimmon PLC				605,236		18,324,510
Redrow PLC (A)				1,538,733		8,296,297
Rio Tinto, Ltd.				151,158		9,833,396
Smith & Nephew PLC				454,645		7,894,547
Tesco PLC				10,239,183		27,252,177
Unilever PLC				201,681		11,493,614
WH Smith PLC				849,880		10,986,315
United States 0.9%						15,116,266
Applied Materials, Inc.				255,213		15,116,266
	Yield (%)		Shares		Value
Short-term investments 4.0%						$67,737,800
(Cost $67,740,746)
Short-term funds 4.0%						67,737,800
Fidelity Institutional Money Market Government Portfolio, Institutional Class		0.0100(D)		44,022,865		44,022,865
John Hancock Collateral Trust (E)		0.2508(D)		2,369,456		23,714,935
Total investments (Cost $1,767,610,372) 100.9%						$1,695,371,851
Other assets and liabilities, net (0.9%)						(14,936,714)
Total net assets 100.0%						$1,680,435,137

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

Security Abbreviations and Legend

ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(C)	All or a portion of this security is on loan as of 10-31-20.
(D)	The rate shown is the annualized seven-day yield as of 10-31-20.
(E)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

At 10-31-20, the aggregate cost of investments for federal income tax purposes was $1,800,115,273. Net unrealized depreciation aggregated to $104,743,422, of which $114,357,379 related to gross unrealized appreciation and $219,100,801 related to gross unrealized depreciation.

13     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Financial statements

STATEMENT OF ASSETS AND LIABILITIES 10-31-20
Assets
Unaffiliated investments, at value (Cost $1,743,892,491) including $39,028,149 of securities loaned	$1,671,656,916
Affiliated investments, at value (Cost $23,717,881)	23,714,935
Total investments, at value (Cost $1,767,610,372)	1,695,371,851
Cash	11,030
Foreign currency, at value (Cost $150,749)	150,919
Dividends and interest receivable	8,750,841
Receivable for fund shares sold	278,540
Receivable for investments sold	14,785,821
Receivable for securities lending income	12,474
Other assets	124,541
Total assets	1,719,486,017
Liabilities
Payable for investments purchased	13,708,298
Payable for fund shares repurchased	1,136,940
Payable upon return of securities loaned	23,720,498
Payable to affiliates
Accounting and legal services fees	64,049
Transfer agent fees	17,200
Distribution and service fees	132
Other liabilities and accrued expenses	403,763
Total liabilities	39,050,880
Net assets	$1,680,435,137
Net assets consist of
Paid-in capital	$2,252,107,689
Total distributable earnings (loss)	(571,672,552	)
Net assets	$1,680,435,137

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     14

STATEMENT OF ASSETS AND LIABILITIES 10-31-20 (continued)
Net asset value per share
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value
Class A ($91,365,702 ÷ 8,647,445 shares)1	$	10.57
Class C ($6,175,976 ÷ 587,406 shares)1	$	10.51
Class I ($41,670,107 ÷ 3,934,861 shares)	$	10.59
Class R2 ($650,372 ÷ 61,487 shares)	$	10.58
Class R4 ($129,312 ÷ 12,225 shares)	$	10.58
Class R6 ($286,592,309 ÷ 27,051,282 shares)	$	10.59
Class NAV ($1,253,851,359 ÷ 118,374,402 shares)	$	10.59
Maximum offering price per share
Class A (net asset value per share ÷ 95%)2	$	11.13

¹  Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

² On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.

15     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

STATEMENT OF OPERATIONS For the year ended 10-31-20
Investment income
Dividends		$46,583,800
Interest		303,052
Securities lending		256,074
Less foreign taxes withheld		(4,321,323	)
Total investment income		42,821,603
Expenses
Investment management fees		12,574,516
Distribution and service fees		342,482
Accounting and legal services fees		309,106
Transfer agent fees		241,600
Trustees’ fees		26,707
Custodian fees		460,567
State registration fees		106,145
Printing and postage		48,056
Professional fees		114,175
Other		118,715
Total expenses		14,342,069
Less expense reductions		(114,180	)
Net expenses		14,227,889
Net investment income		28,593,714
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments and foreign currency transactions		(110,437,507	)
Affiliated investments		38,908
		(110,398,599	)
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments and translation of assets and liabilities in foreign currencies		(119,000,534	)
Affiliated investments		(3,798	)
		(119,004,332	)
Net realized and unrealized loss		(229,402,931	)
Decrease in net assets from operations	$	(200,809,217	)

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     16

STATEMENTS OF CHANGES IN NET ASSETS
	Year ended 10-31-20			Year ended 10-31-19
Increase (decrease) in net assets
From operations
Net investment income		$28,593,714			$42,467,083
Net realized loss		(110,398,599	)		(147,878,276	)
Change in net unrealized appreciation (depreciation)		(119,004,332	)		134,532,189
Increase (decrease) in net assets resulting from operations		(200,809,217	)		29,120,996
Distributions to shareholders
From earnings
Class A		(2,524,421	)		(4,574,049	)
Class C		(151,746	)		(410,055	)
Class I		(1,921,066	)		(12,087,536	)
Class R2		(20,292	)		(74,864	)
Class R4		(2,059	)		(5,758	)
Class R6		(4,774,446	)		(9,067,346	)
Class NAV		(33,040,204	)		(33,628,195	)
Total distributions		(42,434,234	)		(59,847,803	)
From fund share transactions
Fund share transactions		5,100,183			279,225,098
Issued in reorganization		212,735,649			—
From fund share transactions		217,835,832			279,225,098
Total increase (decrease)		(25,407,619	)		248,498,291
Net assets
Beginning of year		1,705,842,756			1,457,344,465
End of year	$	1,680,435,137		$	1,705,842,756

17     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Financial highlights

CLASS A SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$12.21			$12.42			$14.28			$11.83			$12.04
Net investment income1		0.16			0.25			0.20			0.12			0.29	²
Net realized and unrealized gain (loss) on investments		(1.53	)		—	3		(1.71	)		2.47			(0.39	)
Total from investment operations		(1.37	)		0.25			(1.51	)		2.59			(0.10	)
Less distributions
From net investment income		(0.27	)		(0.14	)		(0.11	)		(0.14	)		(0.11	)
From net realized gain		—			(0.32	)		(0.24	)		—			—
Total distributions		(0.27	)		(0.46	)		(0.35	)		(0.14	)		(0.11	)
Net asset value, end of period		$10.57			$12.21			$12.42			$14.28			$11.83
Total return (%)4,5		(11.53	)		2.34			(10.87	)		22.14			(0.86	)
Ratios and supplemental data
Net assets, end of period (in millions)		$91			$114			$124			$129			$36
Ratios (as a percentage of average net assets):
Expenses before reductions		1.23			1.28			1.31			1.36			1.53
Expenses including reductions		1.23			1.27			1.29			1.34			1.37
Net investment income		1.42			2.13			1.41			0.97			2.52	²
Portfolio turnover (%)		99	6		96			95			84	6		63

¹ Based on average daily shares outstanding.

²  Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.14 and 1.17%, respectively.

³ Less than $0.005 per share.

⁴  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁵  Does not reflect the effect of sales charges, if any.

⁶  Excludes merger activity.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     18

CLASS C SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$12.16			$12.35			$14.21			$11.78			$11.98
Net investment income1		0.07			0.17			0.10			0.04			0.20	2
Net realized and unrealized gain (loss) on investments		(1.54	)		—	3		(1.71	)		2.45			(0.38	)
Total from investment operations		(1.47	)		0.17			(1.61	)		2.49			(0.18	)
Less distributions
From net investment income		(0.18	)		(0.04	)		(0.01	)		(0.06	)		(0.02	)
From net realized gain		—			(0.32	)		(0.24	)		—			—
Total distributions		(0.18	)		(0.36	)		(0.25	)		(0.06	)		(0.02	)
Net asset value, end of period		$10.51			$12.16			$12.35			$14.21			$11.78
Total return (%)4,5		(12.30	)		1.67			(11.52	)		21.22			(1.42	)
Ratios and supplemental data
Net assets, end of period (in millions)		$6			$11			$14			$18			$7
Ratios (as a percentage of average net assets):
Expenses before reductions		1.98			2.00			2.01			2.06			2.23
Expenses including reductions		1.98			1.99			1.99			2.04			2.08
Net investment income		0.63			1.44			0.71			0.32			1.71	2
Portfolio turnover (%)		99	6		96			95			84	6		63

¹  Based on average daily shares outstanding.

²  Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.14 and 1.17%, respectively.

³  Less than $0.005 per share.

⁴ Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁵ Does not reflect the effect of sales charges, if any.

⁶ Excludes merger activity.

19     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS I SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$12.24			$12.45			$14.32			$11.87			$12.07
Net investment income1		0.19			0.27			0.24			0.18			0.25	2
Net realized and unrealized gain (loss) on investments		(1.54	)		0.02	3		(1.72	)		2.44			(0.30	)
Total from investment operations		(1.35	)		0.29			(1.48	)		2.62			(0.05	)
Less distributions
From net investment income		(0.30	)		(0.18	)		(0.15	)		(0.17	)		(0.15	)
From net realized gain		—			(0.32	)		(0.24	)		—			—
Total distributions		(0.30	)		(0.50	)		(0.39	)		(0.17	)		(0.15	)
Net asset value, end of period		$10.59			$12.24			$12.45			$14.32			$11.87
Total return (%)4		(11.36	)		2.73			(10.65	)		22.45			(0.45	)
Ratios and supplemental data
Net assets, end of period (in millions)		$42			$88			$303			$357			$201
Ratios (as a percentage of average net assets):
Expenses before reductions		0.98			1.01			1.02			1.05			1.21
Expenses including reductions		0.98			0.98			0.98			1.03			1.08
Net investment income		1.62			2.22			1.75			1.38			2.13	2
Portfolio turnover (%)		99	5		96			95			84	5		63

¹ Based on average daily shares outstanding.

² Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.14 and 1.17%, respectively.

³ The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of the sales and repurchases of shares in relation to fluctuating market values of the investments of the fund.

⁴ Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁵  Excludes merger activity.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     20

CLASS R2 SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$12.22			$12.42			$14.29			$11.85			$12.05
Net investment income1		0.15			0.24			0.20			0.12			0.30	2
Net realized and unrealized gain (loss) on investments		(1.53	)		0.01	3		(1.73	)		2.45			(0.40	)
Total from investment operations		(1.38	)		0.25			(1.53	)		2.57			(0.10	)
Less distributions
From net investment income		(0.26	)		(0.13	)		(0.10	)		(0.13	)		(0.10	)
From net realized gain		—			(0.32	)		(0.24	)		—			—
Total distributions		(0.26	)		(0.45	)		(0.34	)		(0.13	)		(0.10	)
Net asset value, end of period		$10.58			$12.22			$12.42			$14.29			$11.85
Total return (%)4		(11.61	)		2.32			(11.01	)		21.92			(0.87	)
Ratios and supplemental data
Net assets, end of period (in millions)		$1			$1			$3			$18			$8
Ratios (as a percentage of average net assets):
Expenses before reductions		1.32			1.35			1.41			1.43			1.61
Expenses including reductions		1.32			1.34			1.39			1.42			1.61
Net investment income		1.30			1.98			1.39			0.94			2.57	2
Portfolio turnover (%)		99	5		96			95			84	5		63

¹ Based on average daily shares outstanding.

² Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.14 and 1.17%, respectively.

³ The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of the sales and repurchases of shares in relation to fluctuating market values of the investments of the fund.

⁴ Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁵ Excludes merger activity.

21     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS R4 SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$12.22			$12.44			$14.30			$11.86			$12.06
Net investment income1		0.18			0.22			0.20			0.16			0.33	2
Net realized and unrealized gain (loss) on investments		(1.54	)		0.04	3		(1.69	)		2.45			(0.40	)
Total from investment operations		(1.36	)		0.26			(1.49	)		2.61			(0.07	)
Less distributions
From net investment income		(0.28	)		(0.16	)		(0.13	)		(0.17	)		(0.13	)
From net realized gain		—			(0.32	)		(0.24	)		—			—
Total distributions		(0.28	)		(0.48	)		(0.37	)		(0.17	)		(0.13	)
Net asset value, end of period		$10.58			$12.22			$12.44			$14.30			$11.86
Total return (%)4		(11.44	)		2.45			(10.70	)		22.30			(0.57	)
Ratios and supplemental data
Net assets, end of period (in millions)		$—	5		$—	5		$—	5		$—	5		$—	5
Ratios (as a percentage of average net assets):
Expenses before reductions		1.21			1.25			1.25			1.26			1.37
Expenses including reductions		1.11			1.14			1.13			1.14			1.37
Net investment income		1.68			1.84			1.42			1.22			2.84	2
Portfolio turnover (%)		99	6		96			95			84	6		63

¹ Based on average daily shares outstanding.

² Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.14 and 1.17%, respectively.

³ The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of the sales and repurchases of shares in relation to fluctuating market values of the investments of the fund.

⁴  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁵ Less than $500,000.

⁶ Excludes merger activity.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     22

CLASS R6 SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$12.24			$12.46			$14.32			$11.87			$12.08
Net investment income1		0.20			0.31			0.26			0.18			0.34	2
Net realized and unrealized gain (loss) on investments		(1.54	)		(0.01	)		(1.71	)		2.46			(0.39	)
Total from investment operations		(1.34	)		0.30			(1.45	)		2.64			(0.05	)
Less distributions
From net investment income		(0.31	)		(0.20	)		(0.17	)		(0.19	)		(0.16	)
From net realized gain		—			(0.32	)		(0.24	)		—			—
Total distributions		(0.31	)		(0.52	)		(0.41	)		(0.19	)		(0.16	)
Net asset value, end of period		$10.59			$12.24			$12.46			$14.32			$11.87
Total return (%)3		(11.28	)		2.77			(10.50	)		22.59			(0.41	)
Ratios and supplemental data
Net assets, end of period (in millions)		$287			$186			$219			$140			$46
Ratios (as a percentage of average net assets):
Expenses before reductions		0.87			0.89			0.92			0.95			1.12
Expenses including reductions		0.86			0.88			0.88			0.92			0.95
Net investment income		1.86			2.57			1.90			1.41			2.92	2
Portfolio turnover (%)		99	4		96			95			84	4		63

¹  Based on average daily shares outstanding.

² Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.14 and 1.17%, respectively.

³ Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Excludes merger activity.

23     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS NAV SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$12.24			$12.46			$14.32			$11.87			$12.07
Net investment income1		0.20			0.32			0.23			0.17			0.34	2
Net realized and unrealized gain (loss) on investments		(1.54	)		(0.02	)		(1.69	)		2.47			(0.38	)
Total from investment operations		(1.34	)		0.30			(1.46	)		2.64			(0.04	)
Less distributions
From net investment income		(0.31	)		(0.20	)		(0.16	)		(0.19	)		(0.16	)
From net realized gain		—			(0.32	)		(0.24	)		—			—
Total distributions		(0.31	)		(0.52	)		(0.40	)		(0.19	)		(0.16	)
Net asset value, end of period		$10.59			$12.24			$12.46			$14.32			$11.87
Total return (%)3		(11.28	)		2.77			(10.43	)		22.50			(0.33	)
Ratios and supplemental data
Net assets, end of period (in millions)		$1,254			$1,305			$794			$327			$91
Ratios (as a percentage of average net assets):
Expenses before reductions		0.86			0.88			0.90			0.94			1.10
Expenses including reductions		0.85			0.87			0.88			0.92			0.95
Net investment income		1.82			2.73			1.71			1.34			2.90	2
Portfolio turnover (%)		99	4		96			95			84	4		63

¹  Based on average daily shares outstanding.

²  Net investment income (loss) per share and ratio of net investment income (loss) to average net assets reflect a special dividend received by the fund, which amounted to $0.14 and 1.17%, respectively.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Excludes merger activity.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     24

Notes to financial statements

Note 1 — Organization

John Hancock Disciplined Value International Fund (the fund) is a series of John Hancock Investment Trust (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective of the fund is to seek long-term capital growth.

The fund may offer multiple classes of shares. The shares currently outstanding are detailed in the Statement of assets and liabilities. Class A and Class C shares are offered to all investors. Class I shares are offered to institutions and certain investors. Class R2 and Class R4 shares are available only to certain retirement and 529 plans. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class NAV shares are offered to John Hancock affiliated funds of funds, retirement plans for employees of John Hancock and/or Manulife Financial Corporation, and certain 529 plans. Class C shares convert to Class A shares ten years after purchase (certain exclusions may apply). Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.

Effective November 1, 2020, Class C shares convert to Class A shares eight years after purchase (certain exclusions may apply).

Note 2 — Significant accounting policies

The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of US GAAP.

Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the fund:

Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the fund’s Valuation Policies and Procedures.

In order to value the securities, the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.

In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund’s Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the

25     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT

NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the fund’s Pricing Committee, following procedures established by the Board of Trustees. The fund uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets 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, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund’s own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the fund’s investments as of October 31, 2020, by major security category or type:

	Total value at 10-31-20		Level 1 quoted price		Level 2 significant observable inputs		Level 3 significant unobservable inputs
Investments in securities:
Assets
Common stocks
Austria		$9,145,984		—		$9,145,984		—
Bermuda		20,743,458	$	20,743,458		—		—
Brazil		6,617,907		6,617,907		—		—
Canada		58,297,590		58,297,590		—		—
China		32,120,877		—		32,120,877		—
Denmark		13,889,117		—		13,889,117		—
Finland		24,880,378		—		24,880,378		—
France		233,553,566		—		233,553,566		—
Germany		120,752,078		—		120,752,078		—
Greece		11,254,218		—		11,254,218		—
Hong Kong		28,402,079		—		28,402,079		—
Hungary		14,899,991		—		14,899,991		—
India		12,073,428		12,073,428		—		—
Indonesia		13,361,742		—		13,361,742		—
Ireland		14,582,349		—		14,582,349		—
Isle of Man		5,818,466		—		5,818,466		—
Italy		26,234,489		—		26,234,489		—
Japan		358,105,748		—		358,105,748		—
Macau		10,240,672		—		10,240,672		—

ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     26

	Total value at 10-31-20		Level 1 quoted price		Level 2 significant observable inputs		Level 3 significant unobservable inputs
Netherlands		$73,405,314		$8,958,861		$64,446,453		—
Norway		12,019,979		—		12,019,979		—
Singapore		9,095,411		—		9,095,411		—
South Korea		109,870,966		13,321,064		96,549,902		—
Spain		14,695,858		—		14,695,858		—
Sweden		21,001,522		—		21,001,522		—
Switzerland		142,754,714		—		142,754,714		—
Taiwan		8,521,936		—		8,521,936		—
United Kingdom		206,177,948		36,349,575		169,828,373		—
United States		15,116,266		15,116,266		—		—
Short-term investments		67,737,800		67,737,800		—		—
Total investments in securities	$	1,695,371,851	$	239,215,949	$	1,456,155,902		—

Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Dividend income is recorded on the ex- date, except for dividends of certain foreign securities where the dividend may not be known until after the ex- date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Non- cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.

Securities lending. The fund may lend its securities to earn additional income. The fund receives collateral from the borrower in an amount not less than the market value of the loaned securities. The fund will invest its cash collateral in JHCT, an affiliate of the fund, which has a floating NAV and is registered with the Securities and Exchange Commission (SEC) as an investment company. JHCT invests in short-term money market investments. The fund will receive the benefit of any gains and bear any losses generated by JHCT with respect to the cash collateral.

The fund has the right to recall loaned securities on demand. If a borrower fails to return loaned securities when due, then the lending agent is responsible and indemnifies the fund for the lent securities. The lending agent uses the collateral received from the borrower to purchase replacement securities of the same issue, type, class and series of the loaned securities. If the value of the collateral is less than the purchase cost of replacement securities, the lending agent is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any decrease in the value of JHCT.

Although the risk of loss on securities lent is mitigated by receiving collateral from the borrower and through lending agent indemnification, the fund could experience a delay in recovering securities or could experience a lower than expected return if the borrower fails to return the securities on a timely basis. The fund receives compensation for lending its securities by retaining a portion of the return on the investment of the collateral and compensation from fees earned from borrowers of the securities. Securities lending income received by the fund is net of fees retained by the securities lending agent. Net income received from JHCT is a component of securities lending income as recorded on the Statement of operations.

Obligations to repay collateral received by the fund are shown on the Statement of assets and liabilities as Payable upon return of securities loaned and are secured by the loaned securities. As of October 31, 2020, the fund loaned securities valued at $39,028,149 and received $23,720,498 of cash collateral.

27     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT

In addition, non- cash collateral of approximately $18,145,328 in the form of U.S. Treasuries was pledged to the fund. This non-cash collateral is not reflected in the fund’s net assets, however could be sold by the securities lending agent in the event of default by the borrower.

Foreign investing. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is reflected as a component of the realized and unrealized gains (losses) on investments. Foreign investments are subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.

Funds that invest internationally generally carry more risk than funds that invest strictly in U.S. securities. These risks are heightened for investments in emerging markets. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors.

Foreign taxes. The fund may be subject to withholding tax on income, capital gains or repatriations imposed by certain countries, a portion of which may be recoverable. Foreign taxes are accrued based upon the fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued based on gains realized by the fund as a result of certain foreign security sales. In certain circumstances, estimated taxes are accrued based on unrealized appreciation of such securities. Investment income is recorded net of foreign withholding taxes.

Overdraft. The fund may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the fund’s custodian agreement, the custodian may loan money to the fund to make properly authorized payments. The fund is obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.

Line of credit. Effective June 25, 2020, the fund and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, the fund can borrow up to an aggregate commitment amount of $850 million, subject to asset coverage and other limitations as specified in the agreement. Each participating fund paid an upfront fee in connection with this line of credit agreement, which is charged based on a combination of fixed and asset-based allocations and amortized over 365 days. Prior to June 25, 2020, the fund and other affiliated funds had a similar agreement that enabled them to participate in a $750 million unsecured committed line of credit. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of the line of credit, is charged to each participating fund based on a combination of fixed and asset-based allocations and is reflected in Other expenses on the Statement of operations. For the year ended October 31, 2020, the fund had no borrowings under the line of credit. Commitment fees, including upfront fees, for the year ended October 31, 2020 were $9,005.

Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund’s relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     28

Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the fund level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.

Federal income taxes. The fund intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

For federal income tax purposes, as of October 31, 2020, the fund has a short-term capital loss carryforward of $304,160,617 and a long-term capital loss carryforward of $190,129,749 available to offset future net realized capital gains. These carryforwards do not expire.

Due to prior year merger activity, $386,490,827 of the total capital loss carryforward as of October 31, 2020, are limited to $2,610,689 each fiscal year due to IRC Section 382 Limitation. Any unused portion of this limitation will carryforward to the following fiscal years.

As of October 31, 2020, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund’s federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.

Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The fund generally declares and pays dividends annually. Capital gain distributions, if any, are typically distributed annually.

The tax character of distributions for the years ended October 31, 2020 and 2019 was as follows:

	October 31, 2020	October 31, 2019
Ordinary income	$42,434,234	$21,862,196
Long-term capital gains	—	37,985,607
Total	$42,434,234	$59,847,803

Distributions paid by the fund with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class. As of October 31, 2020, the components of distributable earnings on a tax basis consisted of $27,081,147 of undistributed ordinary income.

Such distributions and distributable earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund’s financial statements as a return of capital.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to foreign currency transactions, investments in passive foreign investment companies and wash sale loss deferrals.

Note 3 — Guarantees and indemnifications

Under the Trust’s organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the fund. Additionally, in the normal course of business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.

29     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT

Note 4 — Fees and transactions with affiliates

John Hancock Investment Management LLC (the Advisor) serves as investment advisor for the fund. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the fund. The Advisor and the Distributor are indirect, principally owned subsidiaries of Manulife Financial Corporation.

Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor equivalent on an annual basis based on the following: If aggregate average daily net assets are less than $300 million, then the management fee rate is 0.825% of all aggregate average daily net assets. If aggregate average daily net assets equal or exceed $300 million but are less than $2.5 billion, then the management fee rate is 0.775% of all aggregate average daily net assets. If aggregate average daily net assets exceed $2.5 billion, then the following fee schedule shall apply: a) 0.775% of the first $2.5 billion of aggregate average daily net assets; b) 0.750% of the next $500 million of aggregate average daily net assets; and c) 0.725% of the excess over $3 billion of aggregate average daily net assets. Aggregate net assets include the aggregate net assets of the fund, JHF II International Value Fund, JHVIT Disciplined Value International Trust (formerly known as JHVIT International Value Trust), and Global Disciplined Value (Ex-U.S.) Fund, a sub-fund of Manulife Investment Management I PLC. Prior to February 12, 2020, the fund had an investment management agreement with the Advisor under which the fund paid a daily management fee to the Advisor equivalent on an annual basis to the sum of: a) 0.825% of the first $500 million of the fund’s aggregate average daily net assets; b) 0.800% of the next $1 billion of the fund’s aggregate average daily net assets; c) 0.775% of the next $1 billion of the fund’s aggregate average daily net assets; d) 0.750% of the next $500 million of the fund’s aggregate average daily net assets; and e) 0.725% of the aggregate average daily net assets in excess of $3 billion. Aggregate net assets included the net assets of the fund and Manulife Global Disciplined Value (ex-U.S.) Fund, a sub-fund of Manulife Investment Management I PLC. The Advisor has a subadvisory agreement with Boston Partners Global Investors, Inc. The fund is not responsible for payment of the subadvisory fees.

The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the year ended October 31, 2020, this waiver amounted to 0.01% of the fund’s average daily net assets. This arrangement expires on July 31, 2022, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

The Advisor contractually agrees to reduce its management fee or, if necessary, make payment to the fund, in an amount equal to the amount by which expenses of the fund exceed 0.88% of average daily net assets excluding taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the fund’s business, class-specific expenses, borrowing costs, prime brokerage fees, acquired fund fees and expenses paid indirectly, and short dividend expense. This expense limitation expires on February 28, 2021, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

Additionally, the Advisor has contractually agreed to waive and/or reimburse expenses for Class I and Class R6 shares of the fund to the extent they exceed 0.98% and 0.88% of the respective class’s average daily net assets. This expense limitation excludes taxes, brokerage commissions, interest expense, acquired fund fees and expenses paid indirectly, short dividend expense, borrowing costs, prime brokerage fees, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the fund’s business. This waiver expires on February 28, 2021, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at the time.

ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     30

For the year ended October 31, 2020, the expense reductions described above amounted to the following:

Class	Expense reduction
Class A	$7,329
Class C	579
Class I	4,392
Class R2	61

Class	Expense reduction
Class R4	$8
Class R6	14,636
Class NAV	87,069
Total	$114,074

Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.

The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended October 31, 2020, were equivalent to a net annual effective rate of 0.78% of the fund’s average daily net assets.

Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the year ended October 31, 2020, amounted to an annual rate of 0.02% of the fund’s average daily net assets.

Distribution and service plans. The fund has a distribution agreement with the Distributor. The fund has adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the fund. In addition, under a service plan for certain classes as detailed below, the fund pays for certain other services. The fund may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the fund’s shares:

Class	Rule 12b-1 Fee	Service fee
Class A	0.25%	—
Class C	1.00%	—
Class R2	0.25%	0.25%
Class R4	0.25%	0.10%

The fund’s Distributor has contractually agreed to waive 0.10% of Rule 12b-1 fees for Class R4 shares. The current waiver agreement expires on February 28, 2021, unless renewed by mutual agreement of the fund and the Distributor based upon a determination that this is appropriate under the circumstances at the time. This contractual waiver amounted to $106 for Class R4 shares for the year ended October 31, 2020.

Sales charges. Class A shares are assessed up-front sales charges, which resulted in payments to the Distributor amounting to $91,946 for the year ended October 31, 2020. Of this amount, $15,499 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $76,447 was paid as sales commissions to broker-dealers.

Class A and Class C shares may be subject to contingent deferred sales charges (CDSCs). Certain Class A shares that are acquired through purchases of $1 million or more and are redeemed within one year of purchase are subject to a 1.00% sales charge. Class C shares that are redeemed within one year of purchase are subject to a 1.00% CDSC. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the Distributor for providing distribution-related services in connection with the sale of these shares. During the year ended October 31, 2020, CDSCs received by the Distributor amounted to $1,112 and $308 for Class A and Class C shares, respectively.

31     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT

Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services),an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes:Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.

Class level expenses. Class level expenses for the year ended October 31, 2020 were as follows:

Class	Distribution and service fees		Transfer agent fees
Class A		$257,221		$127,907
Class C		81,069		10,099
Class I		—		77,149
Class R2		3,827		110
Class R4		365		13
Class R6		—		26,322
Total		$342,482		$241,600

Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to the fund based on its net assets relative to other funds within the John Hancock group of funds complex.

Interfund lending program. Pursuant to an Exemptive Order issued by the SEC, the fund, along with certain other funds advised by the Advisor or its affiliates, may participate in an interfund lending program. This program provides an alternative credit facility allowing the fund to borrow from, or lend money to, other participating affiliated funds. At period end, no interfund loans were outstanding. The fund’s activity in this program during the period for which loans were outstanding was as follows:

Borrower or Lender	Weighted Average Loan Balance		Days Outstanding		Weighted Average Interest Rate		Interest Income (Expense)
Lender		$18,065,542		5		0.641%		$1,609

Note 5 — Fund share transactions

Transactions in fund shares for the years ended October 31, 2020 and 2019 were as follows:

	Year Ended 10-31-20						Year Ended 10-31-19
	Shares			Amount			Shares			Amount
Class A shares
Sold		1,517,988			$16,653,118			2,007,527			$23,605,125
Distributions reinvested		202,693			2,503,255			401,952			4,534,023
Repurchased		(2,448,110	)		(26,818,602	)		(3,033,741	)		(35,727,652	)
Net decrease		(727,429	)		$(7,662,229)			(624,262	)		$(7,588,504)

ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     32

	Year Ended 10-31-20					Year Ended 10-31-19
		Shares		Amount			Shares		Amount
Class C shares
Sold		39,382		$428,140			195,740		$2,229,904
Distributions reinvested		12,212		151,067			35,948		406,213
Repurchased		(333,010	)	(3,708,294	)		(525,329	)	(6,195,117	)
Net decrease		(281,416	)	$(3,129,087)			(293,641	)	$(3,559,000)
Class I shares
Sold		1,888,735		$19,154,631			2,769,735		$32,892,402
Distributions reinvested		155,250		1,917,338			1,071,192		12,072,330
Repurchased		(5,318,696	)	(57,912,423	)		(20,991,097	)	(239,520,422	)
Net decrease		(3,274,711	)	$(36,840,454)			(17,150,170	)	$(194,555,690)
Class R2 shares
Sold		16,813		$188,455			28,703		$338,849
Distributions reinvested		1,389		17,186			3,904		44,075
Repurchased		(63,488	)	(729,549	)		(135,090	)	(1,620,944	)
Net decrease		(45,286	)	$(523,908)			(102,483	)	$(1,238,020)
Class R4 shares
Sold		6,082		$63,621			1,294		$15,390
Distributions reinvested		167		2,059			510		5,758
Repurchased		(387	)	(4,568	)		(9,829	)	(114,996	)
Net increase (decrease)		5,862		$61,112			(8,025	)	$(93,848)
Class R6 shares
Sold		7,725,997		$88,518,617			4,428,683		$52,550,822
Issued in reorganization (Note 9)		8,101,537		90,399,381			—		—
Distributions reinvested		386,854		4,773,778			804,540		9,067,165
Repurchased		(4,383,489	)	(48,804,538	)		(7,571,611	)	(90,260,425	)
Net increase (decrease)		11,830,899		$134,887,238			(2,338,388	)	$(28,642,438)
Class NAV shares
Sold		13,228,617		$144,298,555			50,935,318		$612,113,831
Issued in reorganization (Note 9)		10,965,962		122,336,268			—		—
Distributions reinvested		2,677,488		33,040,204			2,986,518		33,628,195
Repurchased		(15,111,145	)	(168,631,867	)		(11,040,555	)	(130,839,428	)
Net increase		11,760,922		$131,043,160			42,881,281		$514,902,598
Total net increase		19,268,841		$217,835,832			22,364,312		$279,225,098

Affiliates of the fund owned 84% of shares of Class NAV on October 31, 2020. Such concentration of shareholders’ capital could have a material effect on the fund if such shareholders redeem from the fund.

33     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT

Note 6 — Purchase and sale of securities

Purchases and sales of securities, other than short-term investments, amounted to $1,538,099,987 and $1,558,260,120, respectively, for the year ended October 31,2020.

Note 7 — Investment by affiliated funds

Certain investors in the fund are affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the fund for the purpose of exercising management or control; however, this investment may represent a significant portion of the fund’s net assets. At October 31, 2020, funds within the John Hancock group of funds complex held 61.3% of the fund’s net assets. The following fund(s) had an affiliate ownership of 5% or more of the fund’s net assets:

Portfolio	Affiliated Concentration
JHF II Multimanager Lifestyle Growth Portfolio	22.4%
JHF II Multimanager Lifestyle Balanced Portfolio	15.6%
JHF II Multimanager Lifestyle Aggressive Portfolio	9.4%

Note 8 — Investment in affiliated underlying funds

The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund’s fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the fund, if any, is as follows:

															Dividends and distributions
Affiliate	Ending share amount		Beginning value		Cost of purchases		Proceeds from shares sold			Realized gain(loss)		Change in unrealized appreciation (depreciation)			Income distributions received		Capital gain distributions received		Ending value
John Hancock Collateral Trust*		2,369,456	$	15,987,539	$	298,844,943	$	(291,152,657	)	$	38,908	$	(3,798	)	$	256,074		—	$	23,714,935

* Refer to the Securities lending note within Note 2 for details regarding this investment.

Note 9 — Reorganization

On October 2, 2020, the shareholders of John Hancock Funds II (JHF II) International Value Fund (the Acquired Fund) voted to approve an Agreement and Plan of Reorganization (the Agreement) which provided for an exchange of shares of Disciplined Value International Fund (the Acquiring Fund) with a value equal to the net assets transferred. The Agreement provided for (a) the acquisition of all the assets, subject to all of the liabilities, of the Acquired Fund in exchange for shares of the Acquiring Fund with a value equal to the net assets transferred; (b) the liquidation of the Acquired Fund; and (c) the distribution to the Acquired Fund’s shareholders of such Acquiring Fund’s shares. The reorganization was intended to achieve a more consistent long-term performance record and stronger prospects for growth and achieve potential opportunities for economies of scale. As a result of the reorganization, the Acquiring Fund is the legal and accounting survivor.

The reorganization qualified as a tax-free reorganization for federal income tax purposes with no gain or loss recognized by the Acquired Fund or their shareholders. Thus, the investments were transferred to the Acquiring Fund at the Acquired Fund’s identified cost. All distributable amounts of net income and realized gains from the Acquired Fund were distributed prior to the reorganization. In addition, the Acquired Fund and Acquiring Fund will bear a pro-rata portion of the costs that are incurred in connection with the reorganization. The effective time of the reorganization occurred immediately after the close of regularly scheduled trading on the New York Stock Exchange (NYSE) on October 16, 2020. The following outlines the reorganization:

ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     34

Acquiring Fund	Acquired Fund	Net Asset Value of the Acquired Fund	Appreciation of the Acquired Fund’s Investments	Shares Redeemed by the Acquired Fund	Shares Issued by the Acquiring Fund	Acquiring Fund Net Assets Prior to Combination	Acquiring Fund Total Net Assets After Combination
Disciplined Value International Fund	JHF II International Value Fund	$212,735,649	$1,158,500	17,328,885	19,067,499	$1,559,290,766	$1,772,026,415

Because the combined fund has been managed as a single integrated fund since the reorganization was completed, it is not practicable to separate the amounts of net investment income and gains attributable to the Acquired Fund that have been included in the Acquiring Fund’s Statement of operations at October 31, 2020. See Note 5 for capital shares issued in connection with the above referenced reorganization.

Assuming the acquisition had been completed on November 1, 2019, the beginning of the reporting period, the Acquiring Fund’s pro forma results of operations for the year ended October 31, 2020 are as follows:

Net investment income	$32,787,043
Net realized and unrealized gain (loss)	(250,969,144)
Increase (decrease) in net assets from operations	($218,182,101)

Note 10 — Coronavirus (COVID-19) pandemic

The novel COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance.

35     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of John Hancock Investment Trust and Shareholders of John Hancock Disciplined Value International Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the fund’s investments, of John Hancock Disciplined Value International Fund (one of the funds constituting John Hancock Investment Trust, referred to hereafter as the Fund ) as of October 31, 2020, the related statement of operations for the year ended October 31, 2020, the statements of changes in net assets for each of the two years in the period ended October 31, 2020, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2020 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2020, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2020 and the financial highlights for each of the five years in the period ended October 31, 2020 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian, transfer agents and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 16, 2020

We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.

ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     36

Tax information (Unaudited)

For federal income tax purposes, the following information is furnished with respect to the distributions of the fund, if any, paid during its taxable year ended October 31, 2020.

The fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.

The fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

Income derived from foreign sources was $46,386,231. The fund intends to pass through foreign tax credits of $3,767,467.

The fund reports the maximum amount allowable of its Section 199A dividends as defined in Proposed Treasury Regulation §1.199A -3(d).

Eligible shareholders will be mailed a 2020 Form 1099-DIV in early 2021. This will reflect the tax character of all distributions paid in calendar year 2020.

Please consult a tax advisor regarding the tax consequences of your investment in the fund.

37     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT

Continuation of Investment Advisory and Subadvisory Agreements

Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees

This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Investment Trust (the Trust) of the Advisory Agreement (the Advisory Agreement) with John Hancock Investment Management LLC (the Advisor) and the Subadvisory Agreement (the Subadvisory Agreement) with Boston Partners Global Investors, Inc. (the Subadvisor), for John Hancock Disciplined Value International Fund (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 23-25, 2020 telephonic¹ meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a telephonic meeting held on May 26-27, 2020.

Approval of Advisory and Subadvisory Agreements

At a telephonic meeting held on June 23-25, 2020, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees), reapproved for an annual period the continuation of the Advisory Agreement between the Trust and the Advisor and the Subadvisory Agreement between the Advisor and the Subadvisor with respect to the fund.

In considering the Advisory Agreement and the Subadvisory Agreement, the Board received in advance of the meetings a variety of materials relating to the fund, the Advisor and the Subadvisor, including comparative performance, fee and expense information for a peer group of similar funds prepared by an independent third-party provider of fund data, performance information for an applicable benchmark index; and, with respect to the Subadvisor, comparative performance information for comparably managed accounts, as applicable, and other information provided by the Advisor and the Subadvisor regarding the nature, extent and quality of services provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor’s revenues and costs of providing services to the fund and any compensation paid to affiliates of the Advisor. At meetings at which the renewal of the Advisory Agreement and Subadvisory Agreement are considered, particular focus is given to information concerning fund performance, comparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisor is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to the fund, including quarterly performance reports prepared by management containing reviews of investment results and prior presentations from the Subadvisor with respect to the fund. The information received and considered by the Board in connection with the May and June meetings and throughout the year was both written and oral. The Board also considered the nature, quality, and extent of non-advisory services, if any, to be provided to the fund by the Advisor’s affiliates, including distribution services. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the fund.

¹On March 25, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pandemic, the Securities and Exchange Commission issued an exemptive order (the “Order”) pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the“1940 Act”), that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board’s May and June meetings were held telephonically in reliance on the Order.

ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     38

Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from their independent legal counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.

Approval of Advisory Agreement

In approving the Advisory Agreement with respect to the fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets, and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board’s conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board’s ongoing regular review of fund performance and operations throughout the year.

Nature, extent, and quality of services. Among the information received by the Board from the Advisor relating to the nature, extent, and quality of services provided to the fund, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor’s compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust’s Chief Compliance Officer (CCO) regarding the fund’s compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the fund’s compliance programs, risk management programs, liquidity management programs and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the fund, including, but not limited to, general supervision of and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and other third-party service providers. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the fund including entrepreneurial risk in sponsoring new funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.

In considering the nature, extent, and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor’s management and the quality of the performance of the Advisor’s duties, through Board meetings, discussions and reports during the preceding year and through each Trustee’s experience as a Trustee of the Trust and of the other trusts in the John Hancock group of funds complex (the John Hancock Fund Complex).

In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:

(a) the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues;

(b) the background, qualifications and skills of the Advisor’s personnel;

(c) the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments;

39     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT

(d) the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund;

(e) the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund;

(f) the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and

(g) the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments.

The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the fund.

Investment performance. In considering the fund’s performance, the Board noted that it reviews at its regularly scheduled meetings information about the fund’s performance results. In connection with the consideration of the Advisory Agreement, the Board:

(a) reviewed information prepared by management regarding the fund’s performance;

(b) considered the comparative performance of an applicable benchmark index;

(c) considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and

(d) took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally.

The Board noted that while it found the data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on the end date selected and the results of the performance comparisons may vary depending on the selection of the peer group. The Board noted that the fund underperformed its benchmark index for the one-, three- and five-year periods ended December 31, 2019. The Board also noted that the fund outperformed the peer group median for the five-year period and underperformed the peer group median for the one- and three-year periods ended December 31, 2019. The Board took into account management’s discussion of the fund’s performance, including the favorable performance relative to the peer group median for the five-year period. The Board took into account management’s discussion of the factors that contributed to the Trust’s performance for the benchmark index for the one-, three- and five-year periods and to the peer group median for the one- and three-year periods including the impact of past and current market conditions on the Fund’s strategy and management’s outlook for the Fund. The Board concluded that the fund’s performance is being monitored and reasonably addressed, where appropriate.

Fees and expenses. The Board reviewed comparative information prepared by an independent third-party provider of fund data, including, among other data, the fund’s contractual and net management fees (and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the fund in light of the nature, extent and quality of the management and advisory and subadvisory services provided by the Advisor and the Subadvisor. The Board considered the fund’s ranking within a smaller group of peer funds chosen by the independent third-party provider, as well as the fund’s ranking within a broader group of funds. In comparing the fund’s contractual and net management fees to those of comparable funds, the Board noted that such fees include both advisory and administrative costs. The Board noted that net management fees and net total expenses for the fund are higher than the peer group median.

ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     40

The Board took into account management’s discussion of the fund’s expenses. The Board also took into account management’s discussion with respect to the overall management fee and the fees of the Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fee, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor pays the subadvisory fee, and that such fees are negotiated at arm’s length with respect to the Subadvisor. In addition, the Board took into account that management had agreed to implement an overall fee waiver across the complex, including the fund, which is discussed further below. The Board also noted actions taken over the past several years to reduce the fund’s operating expenses. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to the fund and that the fund has breakpoints in its contractual management fee schedule that reduce management fees as assets increase. The Board also noted that the fund’s distributor, an affiliate of the Advisor, has agreed to waive a portion of its Rule 12b-1 fee for a share class of the fund. The Board reviewed information provided by the Advisor concerning the investment advisory fee charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the John Hancock Fund Complex) having similar investment mandates, if any. The Board considered any differences between the Advisor’s and Subadvisor’s services to the fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fee paid with respect to the fund is reasonable in light of the nature, extent and quality of the services provided to the fund under the Advisory Agreement.

Profitability/Fall out benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates from the Advisor’s relationship with the Trust, the Board:

(a) reviewed financial information of the Advisor;

(b) reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund;

(c) received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund;

(d) received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies

(e) considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board;

(f) considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement;

(g) noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund;

(h) noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund;

(i) noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length;

(j) considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and

41     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT

(k) considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk.

Based upon its review, the Board concluded that the level of profitability, if any, of the Advisor and its affiliates from their relationship with the fund was reasonable and not excessive.

Economies of scale. In considering the extent to which economies of scale would be realized as the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders, the Board:

(a) considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund;

(b) reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and

(c) the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale.

Approval of Subadvisory Agreement

In making its determination with respect to approval of the Subadvisory Agreement, the Board reviewed:

(1) information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex);

(2) the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds;

(3) the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third-party provider of fund data; and

(4) information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor.

Nature, extent, and quality of services. With respect to the services provided by the Subadvisor, the Board received information provided to the Board by the Subadvisor, including the Subadvisor’s Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor’s current level of staffing and its overall resources, as well as received information relating to the Subadvisor’s compensation program. The Board reviewed the Subadvisor’s history and investment experience, as well as information regarding the qualifications, background, and responsibilities of the Subadvisor’s investment and compliance personnel who provide services to the fund. The Board also considered, among other things, the Subadvisor’s compliance program and any disciplinary history. The Board also considered the Subadvisor’s risk assessment and monitoring process. The Board reviewed the Subadvisor’s regulatory history, including whether it was involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular, periodic reviews of the Subadvisor and its

ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     42

operations, including regarding investment processes and organizational and staffing matters. The Board also noted that the Trust’s CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.

The Board considered the Subadvisor’s investment process and philosophy. The Board took into account that the Subadvisor’s responsibilities include the development and maintenance of an investment program for the fund that is consistent with the fund’s investment objective, the selection of investment securities and the placement of orders for the purchase and sale of such securities, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to the Subadvisor’s brokerage policies and practices, including with respect to best execution and soft dollars.

Subadvisor compensation. In considering the cost of services to be provided by the Subadvisor and the profitability to the Subadvisor of its relationship with the fund, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the fund.

The Board also relied on the ability of the Advisor to negotiate the Subadvisory Agreement with the Subadvisor, which is not affiliated with the Advisor, and the fees thereunder at arm’s length. As a result, the costs of the services to be provided and the profits to be realized by the Subadvisor from its relationship with the Trust were not a material factor in the Board’s consideration of the Subadvisory Agreement.

The Board also received information regarding the nature and scope (including their significance to the Advisor and its affiliates and to the Subadvisor) of any material relationships with respect to the Subadvisor, which include arrangements in which the Subadvisor or its affiliates provide advisory, distribution, or management services in connection with financial products sponsored by the Advisor or its affiliates, and may include other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans. The Board also received information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.

In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor’s relationship with the fund, such as the opportunity to provide advisory services to additional funds in the John Hancock Fund Complex and reputational benefits.

Subadvisory fees. The Board considered that the fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. As noted above, the Board also considered the fund’s subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the fund as included in the report prepared by the independent third-party provider of fund data, to the extent available. The Board noted that the limited size of the Lipper peer group was not sufficient for comparative purposes. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the fund and compared them to fees charged by the Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.

Subadvisor performance. As noted above, the Board considered the fund’s performance as compared to the fund’s peer group and the benchmark index and noted that the Board reviews information about the fund’s performance results at its regularly scheduled meetings. The Board noted the Advisor’s expertise and resources in monitoring the performance, investment style and risk-adjusted performance of the Subadvisor. The Board was mindful of the Advisor’s focus on the Subadvisor’s performance. The Board also noted the Subadvisor’s long-term performance record for similar accounts, as applicable.

The Board’s decision to approve the Subadvisory Agreement was based on a number of determinations, including the following:

(1) the Subadvisor has extensive experience and demonstrated skills as a manager;

43     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT

(2) the performance of the fund is being monitored and reasonably addressed, where appropriate;

(3) the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and

(4) noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows.

* * *

Based on the Board’s evaluation of all factors that the Board deemed to be material, including those factors described above, the Board, including the Independent Trustees, concluded that renewal of the Advisory Agreement and the Subadvisory Agreement would be in the best interest of the fund and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement for an additional one-year period.

ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     44

Trustees and Officers

This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the fund and execute policies formulated by the Trustees.

Independent Trustees
Name, year of birth	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Position(s) held with Trust
Principal occupation(s) and other directorships during past 5 years

Hassell H. McClellan, Born: 1945 2012 196

Trustee and Chairperson of the Board

Director/ Trustee, Virtus Funds (since 2008); Director, The Barnes Group (since 2010); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex.

Charles L. Bardelis,² Born: 1941 2012 196

Trustee

Director, Island Commuter Corp. (marine transport). Trustee, John Hancock Collateral Trust (since 2014), Trustee of various trusts within the John Hancock Fund Complex (since 1988).

James R. Boyle, Born: 1959 2015 196

Trustee

Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014- 2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).

Peter S. Burgess,² Born: 1942 2012 196

Trustee

Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (since 2004); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005).

William H. Cunningham, Born: 1944 1986 196

Trustee

Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986).

Grace K. Fey, Born: 1946 2012 196

Trustee

Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

45     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT

Independent Trustees (continued)
Name, year of birth	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Position(s) held with Trust
Principal occupation(s) and other directorships during past 5 years

Deborah C. Jackson, Born: 1952 2008 196

Trustee

President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Massachusetts Women’s Forum (since 2018); Board of Directors, National Association of Corporate Directors/New England (since 2015); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

James M. Oates,² Born: 1946 2012 196

Trustee

Managing Director, Wydown Group (financial consulting firm) (since 1994); Chairman and Director, Emerson Investment Management, Inc. (2000- 2015); Independent Chairman, Hudson Castle Group, Inc. (formerly IBEX Capital Markets, Inc.) (financial services company) (1997–2011); Director, Stifel Financial (since 1996); Director, Investor Financial Services Corporation (1995–2007); Director, Connecticut River Bancorp (1998-2014); Director/Trustee, Virtus Funds (since 1988). Trustee (since 2004) and Chairperson of the Board (2005-2016) of various trusts within the John Hancock Fund Complex.

Steven R. Pruchansky, Born: 1944 1994 196

Trustee and Vice Chairperson of the Board

Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (since 2014); Director and President, Greenscapes of Southwest Florida, Inc. (2000- 2014); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014- 2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex.

Frances G. Rathke,^2,* Born: 1960 2020 196

Trustee

Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high- end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001- 2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989- 2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982- 1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020).

ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     46

Independent Trustees (continued)
Name, year of birth	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Position(s) held with Trust
Principal occupation(s) and other directorships during past 5 years

Gregory A. Russo, Born: 1949 2009 196

Trustee

Director and Audit Committee Chairman (2012- 2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014- 2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer,Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

Non-Independent Trustees3
Name, year of birth	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Position(s) held with Trust
Principal occupation(s) and other directorships during past 5 years

Andrew G. Arnott, Born: 1971 2017 196

President and Non-Independent Trustee

Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Executive Vice President, John Hancock Financial Services (since 2009, including prior positions); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).

Marianne Harrison, Born: 1963 2018 196

Non-Independent Trustee

President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017- 2019); Member, Board of Directors, Manulife Assurance Canada (2015- 2017); Board Member, St. Mary’s General Hospital Foundation (2014- 2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013- 2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018).

47     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT

Principal officers who are not Trustees
Name, year of birth	Officer of the Trust since
Position(s) held with Trust
Principal occupation(s) during past 5 years

Charles A. Rizzo, Born: 1957 2007

Chief Financial Officer

Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007).

Salvatore Schiavone, Born: 1965 2010

Treasurer

Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions).

Christopher (Kit) Sechler, Born: 1973 2018

Chief Legal Officer and Secretary

Vice President and Deputy Chief Counsel, John Hancock Investments (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investments; Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2018); Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009).

Trevor Swanberg, Born: 1979 2020

Chief Compliance Officer

Chief Compliance Officer, various trusts within the John Hancock Fund Complex, John Hancock Investment Management LLC, and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2018–2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2016–2018); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016).

The business address for all Trustees and Officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023.

The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-5291.

1 Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table.

2 Member of the Audit Committee.

3 The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

* Appointed as Independent Trustee effective as of September 15, 2020.

ANNUAL REPORT      |     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     48

    More information

Trustees	Investment advisor
Hassell H. McClellan,Chairperson	John Hancock Investment Management LLC
Steven R. Pruchansky,Vice Chairperson
Andrew G. Arnott†	Subadvisor
Charles L. Bardelis*	Boston Partners Global Investors, Inc.
James R. Boyle
Peter S. Burgess*	Portfolio Managers
William H. Cunningham	Joseph F. Feeney,Jr., CFA
Grace K. Fey	Christopher K. Hart, CFA
Marianne Harrison†	Joshua M. Jones, CFA
Deborah C. Jackson	Joshua C. White, CFA
James M. Oates*
Frances G. Rathke1,*	Principal distributor
Gregory A. Russo	John Hancock Investment Management
	Distributors LLC
Officers
Andrew G. Arnott	Custodian
President	Citibank, N.A.
Charles A. Rizzo
Chief Financial Officer	Transfer agent
Salvatore Schiavone	John Hancock Signature Services, Inc.
Treasurer
Christopher (Kit) Sechler	Legal counsel
Secretary and Chief Legal Officer	K&L Gates LLP
Trevor Swanberg2
Chief Compliance Officer	Independent registered public accounting firm
	PricewaterhouseCoopers LLP
*  Member of the Audit Committee
†  Non-Independent Trustee
1  Appointed as Independent Trustee effective as of September 15, 2020
2  Effective July 31, 2020

The fund’s proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.

All of the fund’s holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The fund’s Form N-PORT filings are available on our website and the SEC’s website, sec.gov.

We make this information on your fund, as well as monthly portfolio holdings,and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.

You can also contact us:
800-225-5291	Regular mail:	Express mail:
jhinvestments.com	John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909	John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407

49     JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND     |     ANNUAL REPORT

Protect yourself by using eDelivery

Signing up for the electronic delivery of your statements and other financial publications is a great way to help protect your privacy. eDelivery provides you with secure, instant access to all of your statements in one convenient location.

BENEFITS OF EDELIVERY
∎	Added security: Password protection helps you safely retrieve documents online
∎	Save time: Receive instant email notification once statements are available
∎	Reduce clutter: View documents online to reduce the amount of paper for filing, shredding, or recycling
SIGN UP FOR EDELIVERY TODAY!

Direct shareholders

If you receive statements directly through John Hancock Investment Management and would like to participate in eDelivery, go to jhinvestments.com/login. To log in to your account, click on the “Log in” button on the page’s top right corner. In the “Access your investments account” area, go to the “Individual retirement or mutual fund account” section and select the option that applies to you. Please be aware that you may be required to provide your account number and certain personal account information.

You may revoke your consent at any time by simply visiting jhinvestments.com/login and following the instructions above. You may also revoke consent by calling 800-225-5291 or by writing to us at the following address: John Hancock Signature Services, P.O. Box 219909, Kansas City, MO 64121-9909. We reserve the right to deliver documents to you on paper at any time should the need arise.

Brokerage account shareholders

If you receive statements directly from your bank or broker and would like to participate in eDelivery, go to icsdelivery/live or contact your financial representative.

Not part of the shareholder report

Get your questions answered by using our shareholder resources

ONLINE
∎	Visit jhinvestments.com to access a range of resources for individual investors, from account details and fund information to forms and our latest insight on the markets and economy.
∎	Use our Fund Compare tool to compare thousands of funds and ETFs across dozens of risk and performance metrics—all powered by Morningstar.
∎	Visit our online Tax Center, where you’ll find helpful taxpayer resources all year long, including tax forms, planning guides, and other fund-specific information.
∎	Follow us on Facebook, Twitter, and LinkedIn to get the latest updates on the markets and what’s trending now.
BY PHONE
Call our customer service representatives at 800-225-5291, Monday to Thursday, 8:00 A.M. to 7:00 P.M., and Friday, 8:00 A.M. to 6:00 P.M., Eastern time. We’re here to help!

Not part of the shareholder report

John Hancock family of funds

DOMESTIC EQUITY FUNDS

Blue Chip Growth

Classic Value

Disciplined Value

Disciplined Value Mid Cap

Equity Income

Financial Industries

Fundamental All Cap Core

Fundamental Large Cap Core

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

GLOBAL AND INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

INCOME FUNDS

Bond

California Tax-Free Income

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Short Duration Bond

Short Duration Credit Opportunities

Strategic Income Opportunities

Tax-Free Bond

ALTERNATIVE AND SPECIALTY FUNDS

Absolute Return Currency

Alternative Asset Allocation

Alternative Risk Premia

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

A fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investment Management at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.

ASSET ALLOCATION

Balanced

Multi-Asset High Income

Multi-Index Lifetime Portfolios

Multi-Index Preservation Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

Retirement Income 2040

EXCHANGE-TRADED FUNDS

John Hancock Multifactor Consumer Discretionary ETF

John Hancock Multifactor Consumer Staples ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Energy ETF

John Hancock Multifactor Financials ETF

John Hancock Multifactor Healthcare ETF

John Hancock Multifactor Industrials ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Materials ETF

John Hancock Multifactor Media and

Communications ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Multifactor Technology ETF

John Hancock Multifactor Utilities ETF

ENVIRONMENTAL, SOCIAL, AND

GOVERNANCE FUNDS

ESG All Cap Core

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Financial Opportunities

Hedged Equity & Income

Income Securities Trust

Investors Trust

Preferred Income

Preferred Income II

Preferred Income III

Premium Dividend

Tax-Advantaged Dividend Income

Tax-Advantaged Global Shareholder Yield

John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC or Dimensional Fund Advisors LP.

Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.

John Hancock Investment Management

A trusted brand

John Hancock Investment Management is a premier asset manager with a heritage of financial stewardship dating back to 1862. Helping our shareholders pursue their financial goals is at the core of everything we do. It’s why we support the role of professional financial advice and operate with the highest standards of conduct and integrity.

A better way to invest

We serve investors globally through a unique multimanager approach: We search the world to find proven portfolio teams with specialized expertise for every strategy we offer, then we apply robust investment oversight to ensure they continue to meet our uncompromising standards and serve the best interests of our shareholders.

Results for investors

Our unique approach to asset management enables us to provide a diverse set of investments backed by some of the world’s best managers, along with strong risk-adjusted returns across asset classes.

John Hancock Investment Management Distributors LLC ∎ Member FINRA, SIPC

200 Berkeley Street ∎ Boston, MA 02116-5010 ∎ 800-225-5291 ∎ jhinvestments.com

This report is for the information of the shareholders of John Hancock Disciplined Value International Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

MF1399312 455A 10/20 12/2020

Dear shareholders,

Despite heightened fears over the coronavirus (COVID-19), which sent markets tumbling in the first quarter of the calendar year, global financial markets delivered positive returns for the 12 months ended October 31, 2020. The governments of many nations worked to shore up their economies, and equity markets began to rise from their first-quarter sell-off; this comeback gathered momentum for the remainder of the period.

Of course, it would be a mistake to consider this market turnaround a trustworthy signal of assured or swift economic recovery. Economic growth has slowed as the ongoing spread of COVID-19 continues to create uncertainty among businesses and investors. Lockdowns and curfews in certain parts of the world have been reinstated and consumer spending remains far below prepandemic levels.

From an investment perspective, we continue to think that maintaining a focus on long-term objectives while pursuing a risk-aware strategy is a prudent way forward. Above all, we believe the counsel of a trusted financial professional continues to matter now more than ever. Periods of heightened uncertainty are precisely the time to review your financial goals and follow a plan that helps you make the most of what continues to be a challenging situation.

On behalf of everyone at John Hancock Investment Management, I’d like to take this opportunity to welcome new shareholders and thank existing shareholders for the continued trust you’ve placed in us.

Sincerely,

Andrew G. Arnott

President and CEO,

John Hancock Investment Management

Head of Wealth and Asset Management,

United States and Europe

This commentary reflects the CEO’s views as of this report’s period end and are subject to change at any time. Diversification does not guarantee investment returns and does not eliminate risk of loss. All investments entail risks, including the possible loss of principal. For more up-to-date information, you can visit our website at jhinvestments.com.

John Hancock

Emerging Markets Equity Fund

Table of contents
	2	Your fund at a glance
	5	Manager’s discussion of portfolio performance
	7	A look at performance
	9	Your expenses
	11	Fund’s investments
	14	Financial statements
	17	Financial highlights
	24	Notes to financial statements
	33	Report of independent registered public accounting firm
	34	Tax information
	35	Continuation of investment advisory and subadvisory agreements
	42	Trustees and Officers
	46	More information

ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     1

Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks long-term capital growth.

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2020 (%)

The MSCI Emerging Markets Index is an unmanaged index designed to measure the performance of developing markets.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

The fund’s Morningstar category average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on their historical portfolio holdings. Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower. Since inception returns for the Morningstar fund category average are not available.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Performance of the other share classes will vary based on the difference in the fees and expenses of those classes. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and can be found at jhinvestments.com or by calling 800-225-5291. For further information on the fund’s objectives, risks, and strategy, see the fund’s prospectus.

2     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT

PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

Recovery in the face of a pandemic lifted emerging-market equities

Most emerging-market equities posted positive returns despite the economic shock from the coronavirus pandemic, as aggressive monetary and fiscal policy responses and selected countries’ success in stemming the virus’s spread provided positive catalysts.

The fund outpaced its benchmark index

The fund outperformed its benchmark, the MSCI Emerging Markets Index, by a wide margin, owing in part to the overall positive impact from our stock selection in the communication services, financials, and consumer discretionary sectors.

Mixed impact in information technology

In information technology, relative performance was aided by the fund’s modest overweight, although stock picking in the sector had a modest negative impact.

PORTFOLIO COMPOSITION AS OF 10/31/2020 (% of net assets)

ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     3

SECTOR COMPOSITION AS OF 10/31/2020 (% of net assets)

A note about risks

The fund may be subject to various risks as described in the fund’s prospectus. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance. For example, the novel coronavirus disease (COVID-19) has resulted in significant disruptions to global business activity. The impact of a health crisis and other epidemics and pandemics that may arise in the future, could affect the global economy in ways that cannot necessarily be foreseen at the present time. A health crisis may exacerbate other pre-existing political, social, and economic risks. Any such impact could adversely affect the fund’s performance, resulting in losses to your investment. For more information, please refer to the “Principal risks” section of the prospectus.

4     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT

Manager’s discussion of fund performance

What were the main drivers of emerging-market equity performance during the 12 months ended October 31, 2020?

Emerging-market stocks posted positive returns, measured by the fund’s benchmark, the MSCI Emerging Markets Index, as they recovered from a sharp decline in March triggered by the coronavirus pandemic and its devastating economic impact. By early summer, the benchmark had made up all the ground lost in the pandemic-driven sell-off. In response to the coronavirus’s rapid spread and resulting economic restrictions, key central banks provided a positive catalyst by acting forcefully to unblock markets with liquidity injections while embracing accommodative policies designed to stabilize the global economy. Indicators showed that recoveries began to take hold in selected emerging markets, such as China, South Korea, and Taiwan. Stages of infection and the success of public health and economic policy responses varied widely across emerging markets; generally, however, most saw improvements in addressing the crisis and its economic impact, given the gradual lifting of coronavirus-related restrictions and mostly favorable news on vaccine development. Toward the end of the period, the market’s positive momentum slowed somewhat amid a growing realization that the hoped-for V-shaped economic recovery would fall short of returning things to where they were prior to the pandemic.

TOP 10 HOLDINGS   AS OF 10/31/2020 (% of net assets)		TOP 10 COUNTRIES AS OF 10/31/2020 (% of net assets)
Tencent Holdings, Ltd.	5.6	China	34.8
Samsung Electronics Company, Ltd.	5.2	South Korea	12.7
Taiwan Semiconductor Manufacturing Company, Ltd.	5.0	Taiwan	11.3
Alibaba Group Holding, Ltd.	3.0	India	9.7
Naspers, Ltd., N Shares	2.8	Hong Kong	8.4
Reliance Industries, Ltd.	2.7	Russia	5.0
MediaTek, Inc.	2.7	Brazil	4.2
LG Chem, Ltd.	2.2	South Africa	2.8
Meituan, Class B	2.1	United Kingdom	2.0
HDFC Bank, Ltd.	2.1	Singapore	2.0
TOTAL	33.4	TOTAL	92.9
Cash and cash equivalents are not included.		Cash and cash equivalents are not included.

ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     5

How did the fund perform? The fund outperformed the benchmark, owing in part to the overall positive impact from stock selection in sectors such as communication services, financials, and consumer discretionary. In the information technology sector, relative performance was aided by a modest overweight. Across all other sectors, the overall effect of	MANAGED BY                                 Kathryn Langridge Philip Ehrmann
security selection was positive. From a geographic perspective, selection in China significantly added to relative performance, offsetting a negative impact from the fund’s modest underweight in the country, which outperformed relative to the benchmark.

What were the key drivers of relative performance?

The positions that had the most positive impact on relative performance were two Chinese companies, Ping An Healthcare and Technology Company, Ltd. and Kingdee International Software Group Company, Ltd. Other notable contributors were semiconductor designer MediaTek, Inc. (Taiwan), internet search engine provider NAVER Corp. (South Korea), and China Tourism Group Duty Free Corp., Ltd., one of China’s leading duty-free domestic airport retailers.

The fund’s modest underweight in Alibaba Group Holding Ltd. was a significant detractor from relative performance, as shares of the Chinese e-commerce giant outperformed the fund’s benchmark—of which Alibaba is the largest component—by a wide margin. While we’ve maintained a positive view of Alibaba, we seek to adhere to an internal rule to limit individual positions such as Alibaba to no more than 5% of overall exposure as a risk diversification measure. Other positions that significantly weighed on relative performance were payment and credit card processing company Network International Holdings PLC (United Arab Emirates) and energy company LUKOIL PJSC (Russia).

The views expressed in this report are exclusively those of Katherine Langridge and Philip Ehrmann, Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the fund for the entire period. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk.

6     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT

A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2020

Average annual total returns (%) with maximum sales charge							Cumulative total returns (%) with maximum sales charge
	1-year		5-year		Since inception (6-16-15)		5-year		Since inception     (6-16-15)
Class A		14.96		8.89		6.10		53.07		37.52
Class C		19.26		9.24		6.39		55.53		39.51
Class I1		21.51		10.31		7.43		63.34		47.00
Class R21		21.15		10.11		7.22		61.82		45.48
Class R41		21.47		10.27		7.37		63.06		46.59
Class R61		21.61		10.44		7.55		64.33		47.90
Class NAV1		21.62		10.44		7.55		64.33		47.89
Index†		8.25		7.92		4.93		46.36		29.53

Performance figures assume all distributions are reinvested. Figures reflect maximum sales charges on Class A shares of 5% and the applicable contingent deferred sales charge (CDSC) on Class C shares. Class C shares sold within one year of purchase are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R2, Class R4, Class R6, and Class NAV shares.

The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the fund and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual fee waivers and expense limitations in effect until February 28, 2021 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:

	Class A	Class C	Class I	Class R2	Class R4	Class R6	Class NAV
Gross (%)	1.43	2.13	1.13	1.53	1.38	1.03	1.02
Net (%)	1.29	1.99	0.99	1.39	1.14	0.89	0.88

Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.

The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the fund’s website at jhinvestments.com.

The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The fund’s performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.

^†  Index is the MSCI Emerging Markets Index.

See the following page for footnotes.

ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     7

This chart and table show what happened to a hypothetical $10,000 investment in John Hancock Emerging Markets Equity Fund for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in the MSCI Emerging Markets Index.

	Start date		With maximum sales charge ($)		Without sales charge ($)		Index ($)
Class C2		6-16-15		13,951		13,951		12,953
Class I1		6-16-15		14,700		14,700		12,953
Class R21		6-16-15		14,548		14,548		12,953
Class R41		6-16-15		14,659		14,659		12,953
Class R61		6-16-15		14,790		14,790		12,953
Class NAV1		6-16-15		14,789		14,789		12,953

The MSCI Emerging Markets Index is an unmanaged index designed to measure the performance of developing markets.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

Footnotes related to performance pages

¹  For certain types of investors, as described in the fund’s prospectuses.

²  The contingent deferred sales charge is not applicable.

8     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT

Your expenses

These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds.

Understanding fund expenses

As a shareholder of the fund, you incur two types of costs:

∎ Transaction costs, which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc.

∎ Ongoing operating expenses, including management fees, distribution and service fees (if applicable), and other fund expenses.

We are presenting only your ongoing operating expenses here.

Actual expenses/actual returns

The first line of each share class in the table on the following page is intended to provide information about the fund’s actual ongoing operating expenses, and is based on the fund’s actual return. It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020.

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at October 31, 2020,by $1,000.00, then multiply it by the “expenses paid” for your share class from the table. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

Hypothetical example for comparison purposes

The second line of each share class in the table on the following page allows you to compare the fund’s ongoing operating expenses with those of any other fund. It provides an example of the fund’s hypothetical account values and hypothetical expenses based on each class’s actual expense ratio and an assumed 5% annualized return before expenses (which is not the class’s actual return). It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     9

Remember, these examples do not include any transaction costs, therefore, these examples will not help you to determine the relative total costs of owning different funds. If transaction costs were included, your expenses would have been higher. See the prospectuses for details regarding transaction costs.

SHAREHOLDER EXPENSE EXAMPLE CHART

		Account value on 5-1-2020		Ending value on 10-31-2020		Expenses paid during period ended 10-31-20201		Annualized expense ratio
Class A	Actual expenses/actual returns		$1,000.00		$1,322.50		$8.29		1.42%
	Hypothetical example		1,000.00		1,018.00		7.20		1.42%
Class C	Actual expenses/actual returns		1,000.00		1,318.80		12.30		2.11%
	Hypothetical example		1,000.00		1,014.50		10.68		2.11%
Class I	Actual expenses/actual returns		1,000.00		1,325.20		6.43		1.10%
	Hypothetical example		1,000.00		1,019.60		5.58		1.10%
Class R2	Actual expenses/actual returns		1,000.00		1,322.80		8.23		1.41%
	Hypothetical example		1,000.00		1,018.00		7.15		1.41%
Class R4	Actual expenses/actual returns		1,000.00		1,325.50		6.78		1.16%
	Hypothetical example		1,000.00		1,019.30		5.89		1.16%
Class R6	Actual expenses/actual returns		1,000.00		1,326.20		5.91		1.01%
	Hypothetical example		1,000.00		1,020.10		5.13		1.01%
Class NAV	Actual expenses/actual returns		1,000.00		1,326.20		5.85		1.00%
	Hypothetical example		1,000.00		1,020.10		5.08		1.00%

¹  Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period).

10     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT

Fund’s investments

AS OF 10-31-20
	Shares		Value
Common stocks 89.5%			$	1,650,022,616
(Cost $1,162,230,512)
Argentina 1.3%				24,357,485
MercadoLibre, Inc. (A)		20,063		24,357,485
Brazil 2.1%				39,341,082
Magazine Luiza SA		4,988,000		21,410,859
Pagseguro Digital, Ltd., Class A (A)		489,763		17,930,223
China 34.8%				641,718,360
Alibaba Group Holding, Ltd. (A)		1,470,208		55,711,873
Alibaba Group Holding, Ltd., ADR (A)		125,403		38,209,040
Centre Testing International Group Company, Ltd., Class A		3,357,843		13,540,265
China Conch Venture Holdings, Ltd.		3,955,000		17,610,846
China Merchants Bank Company, Ltd., Class A		3,108,173		18,496,312
China Tourism Group Duty Free Corp., Ltd., Class A		852,616		25,417,284
Glodon Company, Ltd., Class A		1,832,096		19,505,965
Hangzhou Tigermed Consulting Company, Ltd., A Shares		1,087,661		20,202,372
JD.com, Inc. (A)		599,534		24,454,104
JD.com, Inc., ADR (A)		205,255		16,732,388
Kingdee International Software Group Company, Ltd. (A)		9,381,000		24,768,252
Li Ning Company, Ltd.		3,709,000		19,331,087
Lufax Holding, Ltd., ADR (A)		2,354,522		30,255,608
Meituan, Class B (A)		1,042,700		38,871,009
NARI Technology Company, Ltd., Class A		4,517,767		14,039,407
Ping An Bank Company, Ltd., Class A		12,855,567		34,115,448
Ping An Healthcare and Technology Company, Ltd. (A)(B)		1,701,300		21,953,013
Ping An Insurance Group Company of China, Ltd., H Shares		3,103,500		32,089,177
Proya Cosmetics Company, Ltd., Class A		313,675		8,111,689
Shenzhen Mindray Bio-Medical Electronics Company, Ltd., Class A		352,852		20,425,184
TAL Education Group, ADR (A)		312,283		20,754,328
Tencent Holdings, Ltd.		1,355,600		103,575,502
Wuxi Biologics Cayman, Inc. (A)(B)		838,500		23,548,207
Hong Kong 8.4%				154,199,781
AIA Group, Ltd.		3,347,000		31,853,989
Alibaba Health Information Technology, Ltd. (A)		9,936,000		26,056,477
China Resources Beer Holdings Company, Ltd.		4,598,000		28,528,669
Hong Kong Exchanges & Clearing, Ltd.		721,700		34,582,938
Sun Art Retail Group, Ltd.		9,600,000		10,401,050
Techtronic Industries Company, Ltd.		1,691,000		22,776,658
India 9.7%				178,046,051
HDFC Bank, Ltd. (A)		2,422,202		38,644,832

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     11

	Shares		Value
India (continued)
Hindustan Unilever, Ltd.		1,055,900	$	29,576,091
Housing Development Finance Corp., Ltd.		702,047		18,189,236
Infosys, Ltd.		1,194,903		17,116,330
Reliance Industries, Ltd.		1,790,865		49,889,392
Reliance Industries, Ltd., Partly Paid Up Shares		143,689		2,300,377
UltraTech Cement, Ltd.		363,896		22,329,793
Indonesia 1.3%				23,141,796
Bank Central Asia Tbk PT		11,761,100		23,141,796
Poland 0.8%				14,684,733
Dino Polska SA (A)(B)		267,095		14,684,733
Russia 5.0%				91,242,282
LUKOIL PJSC, ADR		465,330		23,773,710
Sberbank of Russia PJSC, ADR		1,880,317		19,010,005
X5 Retail Group NV, GDR		645,018		22,672,100
Yandex NV, Class A (A)		447,915		25,786,467
Singapore 2.0%				37,010,140
Sea, Ltd., ADR (A)		234,687		37,010,140
South Africa 2.8%				52,360,618
Naspers, Ltd., N Shares		268,203		52,360,618
South Korea 7.5%				137,965,157
LG Chem, Ltd.		73,732		40,204,680
LG Household & Health Care, Ltd.		21,247		28,170,966
NAVER Corp.		130,710		33,444,896
SK Hynix, Inc.		509,489		36,144,615
Taiwan 11.3%				208,897,894
ASE Technology Holding Company, Ltd.		7,931,000		17,801,659
eMemory Technology, Inc.		564,000		11,280,934
LandMark Optoelectronics Corp.		2,517,000		23,353,759
MediaTek, Inc.		2,088,000		49,632,328
Taiwan Semiconductor Manufacturing Company, Ltd.		6,112,000		92,472,574
Win Semiconductors Corp.		1,316,000		14,356,640
United Arab Emirates 0.5%				9,595,513
Network International Holdings PLC (A)(B)		3,344,061		9,595,513
United Kingdom 2.0%				37,461,724
Anglo American PLC		1,596,611		37,461,724

12     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

		Shares		Value
Preferred securities 7.3%					$134,629,507
(Cost $92,315,123)
Brazil 2.1%					38,700,289
Gerdau SA			4,729,400		17,976,492
Itau Unibanco Holding SA			5,064,400		20,723,797
South Korea 5.2%					95,929,218
Samsung Electronics Company, Ltd.			2,156,444		95,929,218
	Yield (%)		Shares		Value
Short-term investments 4.9%					$90,352,623
(Cost $90,352,623)
Short-term funds 4.9%					90,352,623
JPMorgan U.S. Treasury Plus Money Market Fund, Institutional Class	0.0100(C)		90,352,623		90,352,623
Total investments (Cost $1,344,898,258) 101.7%					$1,875,004,746
Other assets and liabilities, net (1.7%)					(31,606,780	)
Total net assets 100.0%					$1,843,397,966

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

Security Abbreviations and Legend

ADR	American Depositary Receipt GDR Global Depositary Receipt
(A)	Non-income producing security.
(B)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(C)	The rate shown is the annualized seven-day yield as of 10-31-20.

At 10-31-20, the aggregate cost of investments for federal income tax purposes was $1,360,226,136. Net unrealized appreciation aggregated to $514,778,610, of which $551,284,177 related to gross unrealized appreciation and $36,505,567 related to gross unrealized depreciation.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     13

Financial statements

STATEMENT OF ASSETS AND LIABILITIES 10-31-20
Assets
Unaffiliated investments, at value (Cost $1,344,898,258)	$1,875,004,746
Foreign currency, at value (Cost $11,039)	10,842
Dividends and interest receivable	3,014,062
Receivable for fund shares sold	55,802
Receivable for investments sold	6,662,278
Other assets	121,302
Total assets	1,884,869,032
Liabilities
Foreign capital gains tax payable	4,897,953
Payable for investments purchased	32,406,338
Payable for fund shares repurchased	3,741,423
Payable to affiliates
Accounting and legal services fees	68,948
Transfer agent fees	1,106
Distribution and service fees	82
Trustees’ fees	422
Other liabilities and accrued expenses	354,794
Total liabilities	41,471,066
Net assets	$1,843,397,966
Net assets consist of
Paid-in capital	$1,251,553,263
Total distributable earnings (loss)	591,844,703
Net assets	$1,843,397,966
Net asset value per share
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value
Class A ($4,104,865 ÷ 315,914 shares)1	$12.99
Class C ($603,787 ÷ 47,578 shares)1	$12.69
Class I ($6,476,038 ÷ 497,098 shares)	$13.03
Class R2 ($95,892 ÷ 7,385 shares)	$12.98
Class R4 ($84,263 ÷ 6,473 shares)	$13.02
Class R6 ($2,013,914 ÷ 154,469 shares)	$13.04
Class NAV ($1,830,019,207 ÷ 140,388,642 shares)	$13.04
Maximum offering price per share
Class A (net asset value per share ÷ 95%)2	$13.67

¹  Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

²  On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.

14     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

STATEMENT OF OPERATIONS For the year ended 10-31-20

Investment income
Dividends	$29,914,867
Interest	243,314
Less foreign taxes withheld	(2,788,188	)
Total investment income	27,369,993
Expenses
Investment management fees	17,605,967
Distribution and service fees	14,933
Accounting and legal services fees	358,010
Transfer agent fees	7,394
Trustees’ fees	31,273
Custodian fees	828,985
State registration fees	91,400
Printing and postage	21,867
Professional fees	105,246
Other	129,024
Total expenses	19,194,099
Less expense reductions	(344,438	)
Net expenses	18,849,661
Net investment income	8,520,332
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments and foreign currency transactions	119,771,208	1
	119,771,208
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments and translation of assets and liabilities in foreign currencies	244,087,057
	244,087,057
Net realized and unrealized gain	363,858,265
Increase in net assets from operations	$372,378,597

¹  Net of foreign taxes of $(1,272,008).

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     15

STATEMENTS OF CHANGES IN NET ASSETS

	Year ended 10-31-20			Year ended 10-31-19
Increase (decrease) in net assets
From operations
Net investment income		$8,520,332			$41,809,054
Net realized gain (loss)		119,771,208			(53,004,660	)
Change in net unrealized appreciation (depreciation)		244,087,057			254,052,793
Increase in net assets resulting from operations		372,378,597			242,857,187
Distributions to shareholders
From earnings
Class A		(72,935	)		(178,084	)
Class C		(2,533	)		(7,905	)
Class I		(5,271	)		(5,348	)
Class R2		(1,731	)		(3,759	)
Class R4		(1,313	)		(3,714	)
Class R6		(28,750	)		(38,064	)
Class NAV		(48,499,558	)		(99,101,719	)
Total distributions		(48,612,091	)		(99,338,593	)
From fund share transactions		(495,095,024	)		857,990,056
Total increase (decrease)		(171,328,518	)		1,001,508,650
Net assets
Beginning of year		2,014,726,484			1,013,217,834
End of year		$1,843,397,966			$2,014,726,484

16     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Financial highlights

CLASS A SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$10.95			$10.19			$11.85			$9.29			$8.99
Net investment income1		—	2		0.19			0.10			0.04			0.02
Net realized and unrealized gain (loss) on investments		2.27			1.27			(1.59	)		2.53			0.28
Total from investment operations		2.27			1.46			(1.49	)		2.57			0.30
Less distributions
From net investment income		(0.23	)		(0.04	)		(0.04	)		(0.01	)		—
From net realized gain		—			(0.66	)		(0.13	)		—			—
Total distributions		(0.23	)		(0.70	)		(0.17	)		(0.01	)		—
Net asset value, end of period		$12.99			$10.95			$10.19			$11.85			$9.29
Total return (%)3,4		21.04			15.56			(12.79	)		27.78			3.34
Ratios and supplemental data
Net assets, end of period (in millions)		$4			$3			$3			$3			$—	5
Ratios (as a percentage of average net assets):
Expenses before reductions		1.44			1.42			1.44			1.51			1.58
Expenses including reductions		1.43			1.42			1.44			1.50			1.50
Net investment income		0.02			1.80			0.87			0.37			0.24
Portfolio turnover (%)		54			38			50			54			42

¹  Based on average daily shares outstanding.

²  Less than $0.005 per share.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Does not reflect the effect of sales charges, if any.

⁵  Less than $500,000.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     17

CLASS C SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$10.71			$10.00			$11.68			$9.20			$8.97
Net investment income (loss)1		(0.08	)		0.11			—	2		(0.05	)		(0.03	)
Net realized and unrealized gain (loss) on investments		2.22			1.26			(1.55	)		2.53			0.26
Total from investment operations		2.14			1.37			(1.55	)		2.48			0.23
Less distributions
From net investment income		(0.16	)		—			—			—			—
From net realized gain		—			(0.66	)		(0.13	)		—			—
Total distributions		(0.16	)		(0.66	)		(0.13	)		—			—
Net asset value, end of period		$12.69			$10.71			$10.00			$11.68			$9.20
Total return (%)3,4		20.26			14.74			(13.44	)		26.96			2.56
Ratios and supplemental data
Net assets, end of period (in millions)		$1			$—	5		$—	5		$—	5		$—	5
Ratios (as a percentage of average net assets):
Expenses before reductions		2.14			2.12			2.14			2.21			2.28
Expenses including reductions		2.13			2.12			2.14			2.20			2.20
Net investment income (loss)		(0.70	)		1.08			(0.03	)		(0.53	)		(0.36	)
Portfolio turnover (%)		54			38			50			54			42

¹ Based on average daily shares outstanding.

²  Less than $0.005 per share.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Does not reflect the effect of sales charges, if any.

⁵  Less than $500,000.

18     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS I SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$10.98			$10.22			$11.89			$9.31			$9.00
Net investment income1		0.01			0.26			0.12			0.07			0.05
Net realized and unrealized gain (loss) on investments		2.30			1.24			(1.59	)		2.55			0.27
Total from investment operations		2.31			1.50			(1.47	)		2.62			0.32
Less distributions
From net investment income		(0.26	)		(0.08	)		(0.07	)		(0.04	)		(0.01	)
From net realized gain		—			(0.66	)		(0.13	)		—			—
Total distributions		(0.26	)		(0.74	)		(0.20	)		(0.04	)		(0.01	)
Net asset value, end of period		$13.03			$10.98			$10.22			$11.89			$9.31
Total return (%)2		21.51			15.81			(12.52	)		28.15			3.53
Ratios and supplemental data
Net assets, end of period (in millions)		$6			$—	3		$—	3		$—	3		$—	3
Ratios (as a percentage of average net assets):
Expenses before reductions		1.14			1.13			1.15			1.20			1.26
Expenses including reductions		1.12			1.12			1.15			1.20			1.25
Net investment income		0.07			2.53			0.97			0.66			0.63
Portfolio turnover (%)		54			38			50			54			42

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

³  Less than $500,000.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     19

CLASS R2 SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$10.95			$10.19			$11.86			$9.30			$8.99
Net investment income1		0.01			0.21			0.09			0.05			0.04
Net realized and unrealized gain (loss) on investments		2.26			1.27			(1.58	)		2.54			0.27
Total from investment operations		2.27			1.48			(1.49	)		2.59			0.31
Less distributions
From net investment income		(0.24	)		(0.06	)		(0.05	)		(0.03	)		—
From net realized gain		—			(0.66	)		(0.13	)		—			—
Total distributions		(0.24	)		(0.72	)		(0.18	)		(0.03	)		—
Net asset value, end of period		$12.98			$10.95			$10.19			$11.86			$9.30
Total return (%)2		21.15			15.67			(12.74	)		27.94			3.45
Ratios and supplemental data
Net assets, end of period (in millions)		$—	3		$—	3		$—	3		$—	3		$—	3
Ratios (as a percentage of average net assets):
Expenses before reductions		1.42			1.34			1.30			1.36			1.42
Expenses including reductions		1.40			1.33			1.29			1.35			1.41
Net investment income		0.05			2.02			0.71			0.47			0.44
Portfolio turnover (%)		54			38			50			54			42

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

³  Less than $500,000.

20     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS R4 SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$10.97			$10.21			$11.88			$9.31			$8.99
Net investment income1		0.03			0.20			0.10			0.06			0.05
Net realized and unrealized gain (loss) on investments		2.27			1.29			(1.58	)		2.55			0.27
Total from investment operations		2.30			1.49			(1.48	)		2.61			0.32
Less distributions
From net investment income		(0.25	)		(0.07	)		(0.06	)		(0.04	)		—	2
From net realized gain		—			(0.66	)		(0.13	)		—			—
Total distributions		(0.25	)		(0.73	)		(0.19	)		(0.04	)		—	2
Net asset value, end of period		$13.02			$10.97			$10.21			$11.88			$9.31
Total return (%)3		21.47			15.77			(12.58	)		28.04			3.59
Ratios and supplemental data
Net assets, end of period (in millions)		$—	4		$—	4		$—	4		$—	4		$—	4
Ratios (as a percentage of average net assets):
Expenses before reductions		1.29			1.28			1.31			1.36			1.42
Expenses including reductions		1.17			1.17			1.20			1.26			1.31
Net investment income		0.26			1.93			0.82			0.59			0.54
Portfolio turnover (%)		54			38			50			54			42

¹  Based on average daily shares outstanding.

²  Less than $0.005 per share.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Less than $500,000.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     21

CLASS R6 SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$10.99			$10.22			$11.89			$9.32			$9.00
Net investment income1		0.05			0.26			0.17			0.09			0.06
Net realized and unrealized gain (loss) on investments		2.27			1.26			(1.63	)		2.53			0.27
Total from investment operations		2.32			1.52			(1.46	)		2.62			0.33
Less distributions
From net investment income		(0.27	)		(0.09	)		(0.08	)		(0.05	)		(0.01	)
From net realized gain		—			(0.66	)		(0.13	)		—			—
Total distributions		(0.27	)		(0.75	)		(0.21	)		(0.05	)		(0.01	)
Net asset value, end of period		$13.04			$10.99			$10.22			$11.89			$9.32
Total return (%)2		21.61			16.08			(12.52	)		28.33			3.69
Ratios and supplemental data
Net assets, end of period (in millions)		$2			$1			$1			$—	3		$—	3
Ratios (as a percentage of average net assets):
Expenses before reductions		1.03			1.02			1.05			1.11			1.17
Expenses including reductions		1.02			1.01			1.04			1.10			1.14
Net investment income		0.48			2.48			1.45			0.88			0.71
Portfolio turnover (%)		54			38			50			54			42

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

³  Less than $500,000.

22     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS NAV SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-16
Per share operating performance
Net asset value, beginning of period		$10.99			$10.22			$11.89			$9.32			$9.00
Net investment income1		0.05			0.24			0.14			0.08			0.07
Net realized and unrealized gain (loss) on investments		2.27			1.28			(1.60	)		2.54			0.26
Total from investment operations		2.32			1.52			(1.46	)		2.62			0.33
Less distributions
From net investment income		(0.27	)		(0.09	)		(0.08	)		(0.05	)		(0.01	)
From net realized gain		—			(0.66	)		(0.13	)		—			—
Total distributions		(0.27	)		(0.75	)		(0.21	)		(0.05	)		(0.01	)
Net asset value, end of period		$13.04			$10.99			$10.22			$11.89			$9.32
Total return (%)2		21.62			16.10			(12.51	)		28.33			3.65
Ratios and supplemental data
Net assets, end of period (in millions)		$1,830			$2,010			$1,010			$1,076			$859
Ratios (as a percentage of average net assets):
Expenses before reductions		1.02			1.01			1.04			1.10			1.15
Expenses including reductions		1.00			1.00			1.03			1.09			1.14
Net investment income		0.46			2.29			1.18			0.75			0.77
Portfolio turnover (%)		54			38			50			54			42

¹  Based on average daily shares outstanding.

²  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     23

Notes to financial statements

Note 1 — Organization

John Hancock Emerging Markets Equity Fund (the fund) is a series of John Hancock Investment Trust (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective of the fund is to seek long-term capital growth.

The fund may offer multiple classes of shares. The shares currently outstanding are detailed in the Statement of assets and liabilities. Class A and Class C shares are offered to all investors. Class I shares are offered to institutions and certain investors. Class R2 and Class R4 shares are available only to certain retirement and 529 plans. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class NAV shares are offered to John Hancock affiliated funds of funds, retirement plans for employees of John Hancock and/or Manulife Financial Corporation, and certain 529 plans. Class C shares convert to Class A shares ten years after purchase (certain exclusions may apply). Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.

Effective November 1, 2020, Class C shares convert to Class A shares eight years after purchase (certain exclusions may apply).

Note 2 — Significant accounting policies

The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of US GAAP.

Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the fund:

Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the fund’s Valuation Policies and Procedures.

In order to value the securities, the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds are valued at their respective NAVs each business day. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.

In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund’s Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when

24     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT

the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the fund’s Pricing Committee, following procedures established by the Board of Trustees. The fund uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets 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, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund’s own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the fund’s investments as of October 31, 2020, by major security category or type:

	Total value at 10-31-20		Level 1 quoted price		Level 2 significant observable inputs		Level 3 significant unobservable inputs
Investments in securities:
Assets
Common stocks
Argentina		$24,357,485		$24,357,485		—		—
Brazil		39,341,082		39,341,082		—		—
China		641,718,360		105,951,364		$535,766,996		—
Hong Kong		154,199,781		—		154,199,781		—
India		178,046,051		—		178,046,051		—
Indonesia		23,141,796		—		23,141,796		—
Poland		14,684,733		—		14,684,733		—
Russia		91,242,282		68,570,182		22,672,100		—
Singapore		37,010,140		37,010,140		—		—
South Africa		52,360,618		—		52,360,618		—
South Korea		137,965,157		—		137,965,157		—
Taiwan		208,897,894		—		208,897,894		—
United Arab Emirates		9,595,513		—		9,595,513		—
United Kingdom		37,461,724		—		37,461,724		—
Preferred securities
Brazil		38,700,289		38,700,289		—		—
South Korea		95,929,218		—		95,929,218		—
Short-term investments		90,352,623		90,352,623		—		—
Total investments in securities		$1,875,004,746		$404,283,165		$1,470,721,581		—

ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     25

Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Dividend income is recorded on the ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.

Foreign investing. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is reflected as a component of the realized and unrealized gains (losses) on investments. Foreign investments are subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.

Funds that invest internationally generally carry more risk than funds that invest strictly in U.S. securities. These risks are heightened for investments in emerging markets. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors.

Foreign taxes. The fund may be subject to withholding tax on income, capital gains or repatriations imposed by certain countries, a portion of which may be recoverable. Foreign taxes are accrued based upon the fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued based on gains realized by the fund as a result of certain foreign security sales. In certain circumstances, estimated taxes are accrued based on unrealized appreciation of such securities. Investment income is recorded net of foreign withholding taxes.

Overdraft. The fund may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the fund’s custodian agreement, the custodian may loan money to the fund to make properly authorized payments. The fund is obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.

Line of credit. Effective June 25, 2020, the fund and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, the fund can borrow up to an aggregate commitment amount of $850 million, subject to asset coverage and other limitations as specified in the agreement. Each participating fund paid an upfront fee in connection with this line of credit agreement, which is charged based on a combination of fixed and asset-based allocations and amortized over 365 days. Prior to June 25, 2020, the fund and other affiliated funds had a similar agreement that enabled them to participate in a $750 million unsecured committed line of credit. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of the line of credit, is charged to each participating fund based on a combination of fixed and asset-based allocations and is reflected in Other expenses on the Statement of operations. Commitment fees, including upfront fees, for the year ended October 31, 2020 were $9,934.

Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund’s relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

26     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT

Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the fund level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.

Federal income taxes. The fund intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

As of October 31, 2020, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund’s federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.

Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The fund generally declares and pays dividends annually. Capital gain distributions, if any, are typically distributed annually.

The tax character of distributions for the years ended October 31, 2020 and 2019 was as follows:

	October 31, 2020		October 31, 2019
Ordinary income		$48,612,091		$14,180,989
Long-term capital gains		—		85,157,604
Total		$48,612,091		$99,338,593

Distributions paid by the fund with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class. As of October 31, 2020, the components of distributable earnings on a tax basis consisted of $14,216,308 of undistributed ordinary income and $67,742,171 of undistributed long-term capital gains.

Such distributions and distributable earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund’s financial statements as a return of capital.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to investments in passive foreign investment companies, foreign currency transactions, wash sale loss deferrals and foreign capital gain tax.

Note 3 — Guarantees and indemnifications

Under the Trust’s organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the fund. Additionally, in the normal course of business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.

Note 4 — Fees and transactions with affiliates

John Hancock Investment Management LLC (the Advisor) serves as investment advisor for the fund. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the fund. The Advisor and the Distributor are indirect, principally owned subsidiaries of Manulife Financial Corporation.

ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     27

Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor equivalent on an annual basis to the sum of: (a) 1.050% of the first $500 million of the fund’s average daily net assets; (b) 1.000% of the next $500 million of the fund’s average daily net assets; (c) 0.950% of the fund’s average daily net assets, if aggregate net assets exceed $1 billion, but are less than or equal to $2 billion, the rate applies retroactively to all assets; and (d) 0.900% of the fund’s average daily net assets, if the aggregate net assets exceed $2 billion, the rate applies retroactively to all assets. The Advisor has a subadvisory agreement with Manulife Investment Management (US) LLC, an indirectly owned subsidiary of Manulife Financial Corporation and an affiliate of the Advisor. The fund is not responsible for payment of the subadvisory fees.

The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the year ended October 31, 2020, this waiver amounted to 0.01% of the fund’s average daily net assets. This arrangement expires on July 31, 2022, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

Effective October 1, 2020, the Advisor contractually agreed to reduce its management fee by an annual rate of 0.13% of the fund’s average daily assets. This agreement expires on February 28, 2022, unless renewed by mutual agreement of the fund and the advisor based upon a determination that this is appropriate under the circumstances at that time.

For the year ended October 31, 2020, the expense reductions described above amounted to the following:

Class	Expense reduction
Class A		$705
Class C		92
Class I		834
Class R2		17

Class	Expense reduction
Class R4		$14
Class R6		332
Class NAV		342,381
Total		$344,375

Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.

The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended October 31, 2020, were equivalent to a net annual effective rate of 0.92% of the fund’s average daily net assets.

Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the year ended October 31, 2020, amounted to an annual rate of 0.02% of the fund’s average daily net assets.

28     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT

Distribution and service plans. The fund has a distribution agreement with the Distributor. The fund has adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the fund. In addition, under a service plan for certain classes as detailed below, the fund pays for certain other services. The fund may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the fund’s shares:

Class	Rule 12b-1 Fee		Service fee
Class A		0.30%		—
Class C		1.00%		—
Class R2		0.25%		0.25%
Class R4		0.25%		0.10%

The fund’s Distributor has contractually agreed to waive 0.10% of Rule 12b-1 fees for Class R4 shares. The current waiver agreement expires on February 28, 2021, unless renewed by mutual agreement of the fund and the Distributor based upon a determination that this is appropriate under the circumstances at the time. This contractual waiver amounted to $63 for Class R4 shares for the year ended October 31, 2020.

Sales charges. Class A shares are assessed up-front sales charges, which resulted in payments to the Distributor amounting to $3,729 for the year ended October 31, 2020. Of this amount, $586 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $3,143 was paid as sales commissions to broker-dealers.

Class A and Class C shares may be subject to contingent deferred sales charges (CDSCs).Certain Class A shares that are acquired through purchases of $1 million or more and are redeemed within one year of purchase are subject to a 1.00% sales charge. Class C shares that are redeemed within one year of purchase are subject to a 1.00% CDSC. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the Distributor for providing distribution-related services in connection with the sale of these shares. During the year ended October 31, 2020, CDSCs received by the Distributor amounted to $518 for Class C shares. There were no CDSCs received by the Distributor for Class A shares.

Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.

Class level expenses. Class level expenses for the year ended October 31, 2020 were as follows:

Class	Distribution and service fees		Transfer agent fees
Class A		$10,822		$4,475
Class C		3,624		447
Class I		—		2,262
Class R2		324		10

ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     29

Class	Distribution and service fees		Transfer agent fees
Class R4		$163		$8
Class R6		—		192
Total		$14,933		$7,394

Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to the fund based on its net assets relative to other funds within the John Hancock group of funds complex.

Interfund lending program. Pursuant to an Exemptive Order issued by the SEC, the fund, along with certain other funds advised by the Advisor or its affiliates, may participate in an interfund lending program. This program provides an alternative credit facility allowing the fund to borrow from, or lend money to, other participating affiliated funds. At period end, no interfund loans were outstanding. Interest expense is included in Other expenses on the Statement of operations. The fund’s activity in this program during the period for which loans were outstanding was as follows:

Borrower or Lender	Weighted Average Loan Balance		Days Outstanding		Weighted Average Interest Rate		Interest Income (Expense)
Borrower		$11,033,673		27		1.284%		$(10,622)

Note 5 — Fund share transactions

Transactions in fund shares for the years ended October 31, 2020 and 2019 were as follows:

	Year Ended 10-31-20						Year Ended 10-31-19
	Shares			Amount			Shares			Amount
Class A shares
Sold		139,798			$1,561,072			204,547			$2,154,740
Distributions reinvested		6,518			72,935			18,825			178,084
Repurchased		(148,124	)		(1,612,751	)		(177,952	)		(1,826,338	)
Net increase (decrease)		(1,808	)		$21,256			45,420			$506,486
Class C shares
Sold		50,376			$565,611			7,652			$78,162
Distributions reinvested		230			2,533			850			7,905
Repurchased		(19,279	)		(190,417	)		(4,306	)		(44,433	)
Net increase		31,327			$377,727			4,196			$41,634
Class I shares
Sold		585,025			$6,988,867			43,290			$446,236
Distributions reinvested		374			4,185			239			2,260
Repurchased		(107,234	)		(1,241,646	)		(31,849	)		(319,812	)
Net increase		478,165			$5,751,406			11,680			$128,684

30     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT

	Year Ended 10-31-20						Year Ended 10-31-19
	Shares			Amount			Shares			Amount
Class R2 shares
Sold		26			$289			2,009			$22,000
Distributions reinvested		66			735			77			728
Repurchased		(1	)		(10	)		—			—
Net increase		91			$1,014			2,086			$22,728
Class R4 shares
Sold		1,363			$16,693			154			$1,589
Distributions reinvested		23			252			67			631
Repurchased		(112	)		(1,202	)		(80	)		(842	)
Net increase		1,274			$15,743			141			$1,378
Class R6 shares
Sold		65,146			$718,327			52,180			$538,413
Distributions reinvested		2,571			28,750			4,028			38,065
Repurchased		(19,215	)		(226,535	)		(915	)		(9,951	)
Net increase		48,502			$520,542			55,293			$566,527
Class NAV shares
Sold		6,959,025			$71,877,442			86,932,990			$898,101,859
Distributions reinvested		4,338,065			48,499,558			10,486,954			99,101,719
Repurchased		(53,845,381	)		(622,159,712	)		(13,256,063	)		(140,480,959	)
Net increase (decrease)		(42,548,291	)		$(501,782,712	)		84,163,881			$856,722,619
Total net increase (decrease)		(41,990,740	)		$(495,095,024	)		84,282,697			$857,990,056

Affiliates of the fund owned 57%,65%,93% and 100% of shares of Class R2, Class R4, Class R6 and Class NAV, respectively, on October 31, 2020. Such concentration of shareholders’ capital could have a material effect on the fund if such shareholders redeem from the fund.

Note 6 — Purchase and sale of securities

Purchases and sales of securities, other than short-term investments, amounted to $982,639,470 and $1,576,416,013, respectively, for the year ended October 31, 2020.

Note 7 — Emerging-market risk

Foreign investing especially in emerging markets, has additional risks, such as currency and market volatility and political and social instability. Funds that invest a significant portion of assets in the securities of issuers based in countries with emerging market economies are subject to greater levels of foreign investment risk than funds investing primarily in more-developed foreign markets, since emerging-market securities may present other risks greater than, or in addition to, the risks of investing in developed foreign countries.

ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     31

Note 8 — Investment by affiliated funds

Certain investors in the fund are affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the fund for the purpose of exercising management or control; however, this investment may represent a significant portion of the fund’s net assets. At October 31, 2020, funds within the John Hancock group of funds complex held 99.5% of the fund’s net assets. The following fund(s) had an affiliate ownership of 5% or more of the fund’s net assets:

Fund	Affiliated Concentration
John Hancock Funds II Multimanager Lifestyle Growth Portfolio	23.4%
John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio	17.6%
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio	14.1%
John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio	12.5%
John Hancock Variable Insurance Trust Managed Volatility Balanced Portfolio	9.2%

Note 9 — Coronavirus (COVID-19) pandemic

The novel COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance.

32     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of John Hancock Investment Trust and Shareholders of John Hancock Emerging Markets Equity Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the fund’s investments, of John Hancock Emerging Markets Equity Fund (one of the funds constituting John Hancock Investment Trust, referred to hereafter as the “Fund”) as of October 31, 2020, the related statement of operations for the year ended October 31, 2020, the statements of changes in net assets for each of the two years in the period ended October 31, 2020, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2020 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2020, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2020 and the financial highlights for each of the five years in the period ended October 31, 2020 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 16, 2020

We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.

ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     33

Tax information (Unaudited)

For federal income tax purposes, the following information is furnished with respect to the distributions of the fund, if any, paid during its taxable year ended October 31, 2020.

The fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.

The fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

Income derived from foreign sources was $31,130,671. The fund intends to pass through foreign tax credits of $3,972,618.

The fund reports the maximum amount allowable of its Section 199A dividends as defined in Proposed Treasury Regulation §1.199A-3(d).

Eligible shareholders will be mailed a 2020 Form 1099-DIV in early 2021. This will reflect the tax character of all distributions paid in calendar year 2020.

Please consult a tax advisor regarding the tax consequences of your investment in the fund.

34     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT

Continuation of Investment Advisory and Subadvisory Agreements

Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees

This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Investment Trust (the Trust) of the Advisory Agreement (the Advisory Agreement) with John Hancock Investment Management LLC (the Advisor) and the Subadvisory Agreement (the Subadvisory Agreement) with Manulife Investment Management (US) LLC (the Subadvisor) for John Hancock Emerging Markets Equity Fund (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 23-25, 2020 telephonic¹ meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a telephonic meeting held on May 26-27, 2020.

Approval of Advisory and Subadvisory Agreements

At a telephonic meeting held on June 23-25, 2020, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees), reapproved for an annual period the continuation of the Advisory Agreement between the Trust and the Advisor and the Subadvisory Agreement between the Advisor and the Subadvisor with respect to the fund.

In considering the Advisory Agreement and the Subadvisory Agreement, the Board received in advance of the meetings a variety of materials relating to the fund, the Advisor and the Subadvisor, including comparative performance, fee and expense information for a peer group of similar funds prepared by an independent third-party provider of fund data, performance information for an applicable benchmark index; and, with respect to the Subadvisor, comparative performance information for comparably managed accounts, as applicable, and other information provided by the Advisor and the Subadvisor regarding the nature, extent and quality of services provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor’s revenues and costs of providing services to the fund and any compensation paid to affiliates of the Advisor. At the meetings at which the renewal of the Advisory Agreement and Subadvisory Agreement are considered, particular focus is given to information concerning fund performance, comparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisor is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to the fund, including quarterly performance reports prepared by management containing reviews of investment results and prior presentations from the Subadvisor with respect to the fund. The information received and considered by the Board in connection with the May and June meetings and throughout the year was both written and oral. The Board noted the affiliation of the Subadvisor with the Advisor, noting any potential conflicts of interest. The Board also considered the nature, quality, and extent of non-advisory services, if any, to be provided to the fund by the Advisor’s affiliates, including distribution services. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the fund.

¹ On March 25, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pandemic, the Securities and Exchange Commission issued an exemptive order (the “Order”) pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the “1940 Act”), that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board’s May and June meetings were held telephonically in reliance on the Order.

ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     35

Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from their independent legal counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.

Approval of Advisory Agreement

In approving the Advisory Agreement with respect to the fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets, and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board’s conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board’s ongoing regular review of fund performance and operations throughout the year.

Nature, extent, and quality of services. Among the information received by the Board from the Advisor relating to the nature, extent, and quality of services provided to the fund, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor’s compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust’s Chief Compliance Officer (CCO) regarding the fund’s compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the fund’s compliance programs, risk management programs, liquidity management programs and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the fund, including, but not limited to, general supervision of and coordination of the services provided by the Subadvisor,and is also responsible for monitoring and reviewing the activities of the Subadvisor and third-party service providers. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the fund including entrepreneurial risk in sponsoring new funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.

In considering the nature, extent, and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor’s management and the quality of the performance of the Advisor’s duties, through Board meetings, discussions and reports during the preceding year and through each Trustee’s experience as a Trustee of the Trust and of the other trusts in the John Hancock group of funds complex (the John Hancock Fund Complex).

In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:

(a) the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues;

(b) the background, qualifications and skills of the Advisor’s personnel;

(c) the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments;

36     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT

(d) the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund;

(e) the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund;

(f) the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and

(g) the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments.

The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the fund.

Investment performance. In considering the fund’s performance, the Board noted that it reviews at its regularly scheduled meetings information about the fund’s performance results. In connection with the consideration of the Advisory Agreement, the Board:

(a) reviewed information prepared by management regarding the fund’s performance;

(b) considered the comparative performance of an applicable benchmark index;

(c) considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and

(d) took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally.

The Board noted that while it found the data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on the end date selected and the results of the performance comparisons may vary depending on the selection of the peer group. The Board noted that the fund outperformed its benchmark index and peer group median for the one- and three-year periods ended December 31, 2019. The Board took into account management’s discussion of the fund’s performance, including the favorable performance relative to the benchmark index and peer group median for the one- and three-year periods. The Board concluded that the fund’s performance has generally been in line with or outperformed the historical performance of comparable funds and the fund’s benchmark index.

Fees and expenses. The Board reviewed comparative information prepared by an independent third-party provider of fund data, including, among other data, the fund’s contractual and net management fees (and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the fund in light of the nature, extent and quality of the management and advisory and subadvisory services provided by the Advisor and the Subadvisor. The Board considered the fund’s ranking within a smaller group of peer funds chosen by the independent third-party provider, as well as the fund’s ranking within a broader group of funds. In comparing the fund’s contractual and net management fees to those of comparable funds, the Board noted that such fees include both advisory and administrative costs. The Board noted that net management fees for the fund are higher than the peer group median and net total expenses for the fund are lower than the peer group median.

The Board took into account management’s discussion of the fund’s expenses. The Board also took into account management’s discussion with respect to the overall management fee and the fees of the Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fee, in each case in light

ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     37

of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor pays the subadvisory fee. In addition, the Board took into account that management had agreed to implement an overall fee waiver across the complex, including the fund, which is discussed further below. The Board also noted actions taken over the past several years to reduce the fund’s operating expenses. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to the fund and that the fund has breakpoints in its contractual management fee schedule that reduce management fees as assets increase. The Board also noted that the fund’s distributor, an affiliate of the Advisor, has agreed to waive a portion of its Rule 12b-1 fee for a share class of the fund. The Board noted that the fund has a voluntary fee waiver and/or expense reimbursement, which reduces certain expenses of the fund. The Board reviewed information provided by the Advisor concerning the investment advisory fee charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the John Hancock Fund Complex) having similar investment mandates, if any. The Board considered any differences between the Advisor’s and Subadvisor’s services to the fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fee paid with respect to the fund is reasonable in light of the nature, extent and quality of the services provided to the fund under the Advisory Agreement.

Profitability/Fall out benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates (including the Subadvisor) from the Advisor’s relationship with the Trust, the Board:

(a) reviewed financial information of the Advisor;

(b) reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund;

(c) received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund;

(d) received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies;

(e) considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board;

(f) considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement;

(g) noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund;

(h) noted that the fund’s Subadvisor is an affiliate of the Advisor;

(i) noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund;

(j) noted that the subadvisory fee for the fund is paid by the Advisor;

(k) considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and

38     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT

(l) considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk.

Based upon its review, the Board concluded that the level of profitability, if any, of the Advisor and its affiliates (including the Subadvisor) from their relationship with the fund was reasonable and not excessive.

Economies of scale. In considering the extent to which economies of scale would be realized as the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders, the Board:

(a) considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund;

(b) reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and

(c) the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale.

Approval of Subadvisory Agreement

In making its determination with respect to approval of the Subadvisory Agreement, the Board reviewed:

(1) information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex);

(2)

(3) the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; and

(4) the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third-party provider of fund data.

Nature, extent, and quality of services. With respect to the services provided by the Subadvisor, the Board received information provided to the Board by the Subadvisor, including the Subadvisor’s Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor’s current level of staffing and its overall resources, as well as received information relating to the Subadvisor’s compensation program. The Board reviewed the Subadvisor’s history and investment experience, as well as information regarding the qualifications, background, and responsibilities of the Subadvisor’s investment and compliance personnel who provide services to the fund. The Board also considered, among other things, the Subadvisor’s compliance program and any disciplinary history. The Board also considered the Subadvisor’s risk assessment and monitoring process. The Board reviewed the Subadvisor’s regulatory history, including whether it was involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular, periodic reviews of the Subadvisor and its operations, including regarding investment processes and organizational and staffing matters. The Board also

ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     39

noted that the Trust’s CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.

The Board considered the Subadvisor’s investment process and philosophy. The Board took into account that the Subadvisor’s responsibilities include the development and maintenance of an investment program for the fund that is consistent with the fund’s investment objective, the selection of investment securities and the placement of orders for the purchase and sale of such securities, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to the Subadvisor’s brokerage policies and practices, including with respect to best execution and soft dollars.

Subadvisor compensation. In considering the cost of services to be provided by the Subadvisor and the profitability to the Subadvisor of its relationship with the fund, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the fund. The Board also received information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.

In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor’s relationship with the fund, such as the opportunity to provide advisory services to additional funds in the John Hancock Fund Complex and reputational benefits.

Subadvisory fees. The Board considered that the fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. As noted above, the Board also considered the fund’s subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the fund as included in the report prepared by the independent third-party provider of fund data, to the extent available. The Board noted that the limited size of the Lipper peer group was not sufficient for comparative purposes. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the fund and compared them to fees charged by the Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.

Subadvisor performance. As noted above, the Board considered the fund’s performance as compared to the fund’s peer group and the benchmark index and noted that the Board reviews information about the fund’s performance results at its regularly scheduled meetings. The Board noted the Advisor’s expertise and resources in monitoring the performance, investment style and risk-adjusted performance of the Subadvisor. The Board was mindful of the Advisor’s focus on the Subadvisor’s performance. The Board also noted the Subadvisor’s long-term performance record for similar accounts, as applicable.

The Board’s decision to approve the Subadvisory Agreement was based on a number of determinations, including the following:

(1) the Subadvisor has extensive experience and demonstrated skills as a manager;

(2) the performance of the fund has generally been in line with or outperformed the historical performance of comparable funds and the fund’s benchmark index;

(3) the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and

(4) noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows.

*  *  *

40     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT

Based on the Board’s evaluation of all factors that the Board deemed to be material, including those factors described above, the Board, including the Independent Trustees, concluded that renewal of the Advisory Agreement and the Subadvisory Agreement would be in the best interest of the fund and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement for an additional one-year period.

ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     41

Trustees and Officers

This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the fund and execute policies formulated by the Trustees.

Independent Trustees

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since1	Number of John Hancock funds overseen by Trustee
Hassell H. McClellan, Born: 1945	2012	196

Trustee and Chairperson of the Board

Director/Trustee, Virtus Funds (since 2008); Director, The Barnes Group (since 2010); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex.

Charles L. Bardelis,² Born: 1941 2012   196  

Trustee

Director, Island Commuter Corp. (marine transport). Trustee, John Hancock Collateral Trust (since 2014), Trustee of various trusts within the John Hancock Fund Complex (since 1988).

James R. Boyle, Born: 1959 2015   196  

Trustee

Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).

Peter S. Burgess,² Born: 1942 2012   196  

Trustee

Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (since 2004); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005).

William H. Cunningham, Born: 1944 1986   196  

Trustee

Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986).

Grace K. Fey, Born: 1946 2012   196  

Trustee

Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

42     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT

Independent Trustees (continued)

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since1	Number of John Hancock funds overseen by Trustee
Deborah C. Jackson, Born: 1952	2008	196

Trustee

President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Massachusetts Women’s Forum (since 2018); Board of Directors, National Association of Corporate Directors/New England (since 2015); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

James M. Oates,² Born: 1946   2012   196  

Trustee

Managing Director, Wydown Group (financial consulting firm) (since 1994); Chairman and Director, Emerson Investment Management, Inc. (2000-2015); Independent Chairman, Hudson Castle Group, Inc. (formerly IBEX Capital Markets, Inc.) (financial services company) (1997–2011); Director, Stifel Financial (since 1996); Director, Investor Financial Services Corporation (1995–2007); Director, Connecticut River Bancorp (1998-2014); Director/Trustee, Virtus Funds (since 1988). Trustee (since 2004) and Chairperson of the Board (2005-2016) of various trusts within the John Hancock Fund Complex.

Steven R. Pruchansky, Born: 1944 1994   196  

Trustee and Vice Chairperson of the Board

Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (since 2014); Director and President, Greenscapes of Southwest Florida, Inc. (2000-2014); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex.

Frances G. Rathke,^2,* Born: 1960   2020   196  

Trustee

Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020).

ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     43

Independent Trustees (continued)

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since1	Number of John Hancock funds overseen by Trustee
Gregory A. Russo, Born: 1949	2009	196

Trustee

Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

Non-Independent Trustees³

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since1	Number of John Hancock funds overseen by Trustee
Andrew G. Arnott, Born: 1971	2017	196

President and Non-Independent Trustee

Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Executive Vice President, John Hancock Financial Services (since 2009, including prior positions); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).

Marianne Harrison, Born: 1963 2018 196

Non-Independent Trustee

President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018).

44     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT

Principal officers who are not Trustees

Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Officer of the Trust since
Charles A. Rizzo, Born: 1957	2007

Chief Financial Officer

Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007).

Salvatore Schiavone, Born: 1965 2010

Treasurer

Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions).

Christopher (Kit) Sechler, Born: 1973 2018

Chief Legal Officer and Secretary

Vice President and Deputy Chief Counsel, John Hancock Investments (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investments; Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2018); Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009).

Trevor Swanberg, Born: 1979 2020

Chief Compliance Officer

Chief Compliance Officer, various trusts within the John Hancock Fund Complex, John Hancock Investment Management LLC, and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2018–2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2016–2018); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016).

The business address for all Trustees and Officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023.

The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-5291.

¹  Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table.

²  Member of the Audit Committee.

³  The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

* Appointed as Independent Trustee effective as of September 15, 2020.

ANNUAL REPORT      |     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     45

More information

Trustees

Hassell H. McClellan, Chairperson

Steven R. Pruchansky, Vice Chairperson

Andrew G. Arnott^†

Charles L. Bardelis^*

James R. Boyle

Peter S. Burgess^*

William H. Cunningham

Grace K. Fey

Marianne Harrison^†

Deborah C. Jackson

James M. Oates^*

Frances G. Rathke^1,*

Gregory A. Russo

Officers

Andrew G. Arnott

President

Charles A. Rizzo

Chief Financial Officer

Salvatore Schiavone

Treasurer

Christopher (Kit) Sechler

Secretary and Chief Legal Officer

Trevor Swanberg²

Chief Compliance Officer

* Member of the Audit Committee

^† Non-Independent Trustee

¹ Appointed as Independent Trustee effective as of September 15, 2020

² Effective July 31, 2020

Investment advisor

John Hancock Investment Management LLC

Subadvisor

Manulife Investment Management (US) LLC

Portfolio Managers

Philip Ehrmann

Kathryn Langridge

Principal distributor

John Hancock Investment Management Distributors LLC

Custodian

Citibank, N.A.

Transfer agent

John Hancock Signature Services, Inc.

Legal counsel

K&L Gates LLP

Independent registered public accounting firm

PricewaterhouseCoopers LLP

The fund’s proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.

All of the fund’s holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The fund’s Form N-PORT filings are available on our website and the SEC’s website, sec.gov.

We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.

You can also contact us:
800-225-5291	Regular mail:	Express mail:
jhinvestments.com	John Hancock Signature Services, Inc.	John Hancock Signature Services, Inc.
	P.O. Box 219909	430 W 7th Street
	Kansas City, MO 64121-9909	Suite 219909
		Kansas City, MO 64105-1407

46     JOHN HANCOCK EMERGING MARKETS EQUITY FUND     |     ANNUAL REPORT

Protect yourself by using eDelivery

Signing up for the electronic delivery of your statements and other financial publications is a great way to help protect your privacy. eDelivery provides you with secure, instant access to all of your statements in one convenient location.

BENEFITS OF EDELIVERY
⬛	Added security: Password protection helps you safely retrieve documents online
⬛	Save time: Receive instant email notification once statements are available	jhinvestments.com/login
⬛	Reduce clutter: View documents online to reduce the amount of paper for filing, shredding, or recycling
SIGN UP FOR EDELIVERY TODAY!

Direct shareholders

If you receive statements directly through John Hancock Investment Management and would like to participate in eDelivery, go to jhinvestments.com/login. To log in to your account, click on the “Log in” button on the page’s top right corner. In the “Access your investments account” area, go to the “Individual retirement or mutual fund account” section and select the option that applies to you. Please be aware that you may be required to provide your account number and certain personal account information.

You may revoke your consent at any time by simply visiting jhinvestments.com/login and following the instructions above. You may also revoke consent by calling 800-225-5291 or by writing to us at the following address: John Hancock Signature Services, P.O. Box 219909, Kansas City, MO 64121-9909. We reserve the right to deliver documents to you on paper at any time should the need arise.

Brokerage account shareholders

If you receive statements directly from your bank or broker and would like to participate in eDelivery, go to icsdelivery/live or contact your financial representative.

Not part of the shareholder report

Get your questions answered by using our shareholder resources

ONLINE
⬛	Visit jhinvestments.com to access a range of resources for individual investors, from account details and fund information to forms and our latest insight on the markets and economy.
⬛	Use our Fund Compare tool to compare thousands of funds and ETFs across dozens of risk and performance metrics—all powered by Morningstar.
⬛	Visit our online Tax Center, where you’ll find helpful taxpayer resources all year long, including tax forms, planning guides, and other fund-specific information.
⬛	Follow us on Facebook, Twitter, and LinkedIn to get the latest updates on the markets and what’s trending now.
BY PHONE
Call our customer service representatives at 800-225-5291, Monday to Thursday, 8:00 A.M. to 7:00 P.M., and Friday, 8:00 A.M. to 6:00 P.M., Eastern time. We’re here to help!

Not part of the shareholder report

John Hancock family of funds

DOMESTIC EQUITY FUNDS

Blue Chip Growth

Classic Value

Disciplined Value

Disciplined Value Mid Cap

Equity Income

Financial Industries

Fundamental All Cap Core

Fundamental Large Cap Core

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

GLOBAL AND INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

INCOME FUNDS

Bond

California Tax-Free Income

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Short Duration Bond

Short Duration Credit Opportunities

Strategic Income Opportunities

Tax-Free Bond

ALTERNATIVE AND SPECIALTY FUNDS

Absolute Return Currency

Alternative Asset Allocation

Alternative Risk Premia

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

A fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investment Management at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.

ASSET ALLOCATION

Balanced

Multi-Asset High Income

Multi-Index Lifetime Portfolios

Multi-Index Preservation Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

Retirement Income 2040

EXCHANGE-TRADED FUNDS

John Hancock Multifactor Consumer Discretionary ETF

John Hancock Multifactor Consumer Staples ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Energy ETF

John Hancock Multifactor Financials ETF

John Hancock Multifactor Healthcare ETF

John Hancock Multifactor Industrials ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Materials ETF

John Hancock Multifactor Media and

Communications ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Multifactor Technology ETF

John Hancock Multifactor Utilities ETF

ENVIRONMENTAL, SOCIAL, AND

GOVERNANCE FUNDS

ESG All Cap Core

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Financial Opportunities

Hedged Equity & Income

Income Securities Trust

Investors Trust

Preferred Income

Preferred Income II

Preferred Income III

Premium Dividend

Tax-Advantaged Dividend Income

Tax-Advantaged Global Shareholder Yield

John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC or Dimensional Fund Advisors LP.

Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.

John Hancock Investment Management

A trusted brand

John Hancock Investment Management is a premier asset manager with a heritage of financial stewardship dating back to 1862. Helping our shareholders pursue their financial goals is at the core of everything we do. It’s why we support the role of professional financial advice and operate with the highest standards of conduct and integrity.

A better way to invest

We serve investors globally through a unique multimanager approach: We search the world to find proven portfolio teams with specialized expertise for every strategy we offer, then we apply robust investment oversight to ensure they continue to meet our uncompromising standards and serve the best interests of our shareholders.

Results for investors

Our unique approach to asset management enables us to provide a diverse set of investments backed by some of the world’s best managers, along with strong risk-adjusted returns across asset classes.

John Hancock Investment Management Distributors LLC  ∎   Member FINRA, SIPC

200 Berkeley Street  ∎   Boston, MA 02116-5010  ∎   800-225-5291  ∎   jhinvestments.com

This report is for the information of the shareholders of John Hancock Emerging Markets Equity Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

MF1399321	456A 10/20
	12/2020

Dear shareholder,

Despite heightened fears over the coronavirus (COVID-19), which sent markets tumbling in the first quarter of the calendar year, global financial markets delivered positive returns for the 12 months ended October 31, 2020. In response to the pandemic-led shock, the U.S. Federal Reserve and the government worked quickly to shore up the economy and equity markets began to rise, particularly large-cap U.S. growth stocks, during the period.

Of course, it would be a mistake to consider this market turnaround a trustworthy signal of assured or swift economic recovery. Economic growth has slowed as the ongoing spread of COVID-19 continues to create uncertainty among businesses and investors. Lockdowns and curfews in certain areas have been reinstated, affecting the level of unemployment and the pace of hiring. Consumer spending also remains far below prepandemic levels.

From an investment perspective, we continue to think that maintaining a focus on long-term objectives while pursuing a risk-aware strategy is a prudent way forward. Above all, we believe the counsel of a trusted financial professional continues to matter now more than ever. Periods of heightened uncertainty are precisely the time to review your financial goals and follow a plan that helps you make the most of what continues to be a challenging situation.

On behalf of everyone at John Hancock Investment Management, I’d like to take this opportunity to welcome new shareholders and thank existing shareholders for the continued trust you’ve placed in us.

Sincerely,

Andrew G. Arnott

President and CEO,

John Hancock Investment Management

Head of Wealth and Asset Management,

United States and Europe

This commentary reflects the CEO’s views as of this report’s period end and are subject to change at any time. Diversification does not guarantee investment returns and does not eliminate risk of loss. All investments entail risks, including the possible loss of principal. For more up-to-date information, you can visit our website at jhinvestments.com.

John Hancock

ESG All Cap Core Fund

Table of contents
	2	Your fund at a glance
	4	Manager’s discussion of fund performance
	6	A look at performance
	8	Your expenses
	10	Fund’s investments
	14	Financial statements
	17	Financial highlights
	21	Notes to financial statements
	27	Report of independent registered public accounting firm
	28	Tax information
	29	Continuation of investment advisory agreement and approval of subadvisory agreement
	36	Trustees and Officers
	40	More information

ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     1

Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks long-term capital appreciation.

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2020 (%)

The S&P Composite 1500 Index combines three indexes, the S&P 500, the S&P MidCap 400, and the S&P SmallCap 600 to cover approximately 90% of the U.S. market capitalization.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns. The fund’s Morningstar category average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on their historical portfolio holdings. Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower. Since inception returns for the Morningstar fund category average are not available.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Performance of the other share classes will vary based on the difference in the fees and expenses of those classes. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and can be found at jhinvestments.com or by calling 800-225-5291. For further information on the fund’s objectives, risks, and strategy, see the fund’s prospectus.

2     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT

PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

The fund saw gains from security selection

The fund outperformed the benchmark S&P Composite 1500 Index, partly reflecting positive stock picking, especially in the information technology sector; picks in the healthcare and consumer discretionary sectors were partly offsetting negatives.

Sector allocation also contributed

An underweight in the weak-performing energy sector, to which we eliminated the fund’s exposure in the third quarter of 2020, added value.

Monitoring key ESG trends

At period end, we were paying particular attention to companies we believed could benefit from efforts to address climate change, as well as those we believed were sufficiently focused on racial justice issues.

SECTOR COMPOSITION AS OF 10/31/2020 (% of net assets)

A note about risks

The fund may be subject to various risks as described in the fund’s prospectus. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance. For example, the novel coronavirus disease (COVID-19) has resulted in significant disruptions to global business activity. The impact of a health crisis and other epidemics and pandemics that may arise in the future, could affect the global economy in ways that cannot necessarily be foreseen at the present time. A health crisis may exacerbate other pre-existing political, social, and economic risks. Any such impact could adversely affect the fund’s performance, resulting in losses to your investment. For more information, please refer to the “Principal risks” section of the prospectus.

ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     3

Manager’s discussion of fund performance

How did the fund perform during the 12 months ended October 31, 2020?

The fund outperformed its benchmark, the S&P Composite 1500 Index, due to a combination of favorable security selection and sector positioning. With stock picking, the fund saw especially favorable results in the information technology sector; picks in the utilities, real estate, and financials sectors also helped. Security selection in healthcare and consumer discretionary detracted. A relative underweight in the weak-performing energy category contributed; we fully eliminated the fund’s exposure to this sector late in the period, as we saw better investment opportunities elsewhere.

Which stocks contributed the most to the fund’s relative outperformance?

The fund’s top contributor was electronic payments company PayPal Holdings, Inc. This company has been among the big beneficiaries of a global shift from cash to electronic payments, a shift that accelerated with the spread of COVID-19. Another contributor was Lululemon Athletica, Inc. This athletic apparel retailer has successfully served customers’ needs for casual, comfortable clothing while they spend more time at home. Also adding value was First Solar, Inc., a maker of solar panels that benefited from the growing economic competitiveness of solar energy.

TOP 10 HOLDINGS AS OF 10/31/2020 (% of net assets)		COUNTRY COMPOSITION AS OF 10/31/2020 (% of net assets)
Alphabet, Inc., Class A	4.9	United States	89.6
Microsoft Corp.	4.8	Ireland	4.0
Apple, Inc.	3.7	Netherlands	2.7
PayPal Holdings, Inc.	2.9	United Kingdom	2.4
Mastercard, Inc., Class A	2.5	Canada	1.3
SBA Communications Corp.	2.2	TOTAL	100.0
Adobe, Inc.	2.0
The Procter & Gamble Company	2.0
The Travelers Companies, Inc.	1.9
The Home Depot, Inc.	1.9
TOTAL	28.8
Cash and cash equivalents are not included.

4     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT

Which stocks detracted from relative performance?   One notable relative detractor was online retail giant Amazon.com, Inc., a strong-performing benchmark component we declined to own for two reasons. First, Amazon’s labor and environmental practices don’t currently meet our standards. Second, the stock remained unattractively valued, in our opinion. Oil and gas pipeline company ONEOK, Inc. underperformed, MANAGED BY   Elizabeth R. Levy, CFA Cheryl I. Smith, Ph.D., CFA  

as declining energy commodity prices weighed on the stock. Another detractor was industrial materials company Hexcel Corp., whose products include lightweight materials used to improve fuel economy in next-generation airplanes. Sluggish demand for new aircraft weighed on the stock. We sold the fund’s holdings in ONEOK and Hexcel during the period.

From an environmental, social, and governance perspective, what trends were you monitoring?

We evaluate companies we believe can benefit from the battle against climate change. Strong policy support in the European Union, coupled with rapid growth of the wind and solar energy industry in the United States, provide a favorable tailwind for many businesses. We also recognize the possible risk to businesses with insufficient commitment to racial justice. We anticipate that consumers, workers, and investors will favor companies aligned with this movement, while those firms that aren’t may face increased reputational risk, more difficulty hiring employees, and the potential for costly customer boycotts.

Can you tell us about a recent change to the ownership of your company?

Effective June 30, 2020, Trillium Asset Management, LLC was purchased by Perpetual Limited. We will continue to manage the fund under the Trillium name.

The views expressed in this report are exclusively those of Elizabeth R. Levy, CFA, and Cheryl I. Smith, Ph.D., CFA, Trillium Asset Management, LLC, and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the fund for the entire period. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk.

ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     5

A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2020

	Average annual total returns (%) with maximum sales charge		Cumulative total returns (%) with maximum sales charge
	1-year	Since inception (6-6-16)	Since inception (6-6-16)
Class A	3.71	10.00	52.18
Class C	7.37	10.46	55.03
Class I1	9.47	11.56	61.92
Class R61	9.64	11.69	62.78
Index†	8.56	12.27	66.50

Performance figures assume all distributions have been reinvested. Figures reflect maximum sales charges on Class A shares of 5%, and the applicable contingent deferred sales charge (CDSC) on Class C shares. Class C shares sold within one year of purchase are subject to a 1% CDSC. Sales charges are not applicable to Class I or Class R6 shares.

The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the fund and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until February 28, 2021 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:

	Class A	Class C	Class I	Class R6
Gross (%)	1.80	2.55	1.55	1.44
Net (%)	1.18	1.93	0.93	0.82

Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.

The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the fund’s website at jhinvestments.com.

The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The fund’s performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.

^†  Index is the S&P Composite 1500 Index.

See the following page for footnotes.

6     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT

This chart and table show what happened to a hypothetical $10,000 investment in John Hancock ESG All Cap Core Fund for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in the S&P Composite 1500 Index

	Start date		With maximum sales charge ($)		Without sales charge ($)		Index ($)
Class C2		6-6-16		15,503		15,503		16,650
Class I1		6-6-16		16,192		16,192		16,650
Class R61		6-6-16		16,278		16,278		16,650

The S&P Composite 1500 Index combines three indexes, the S&P 500, the S&P MidCap 400, and the S&P SmallCap 600 to cover approximately 90% of the U.S. market capitalization.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

Footnotes related to performance pages

¹ For certain types of investors, as described in the fund’s prospectus.

² The contingent deferred sales charge is not applicable.

ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     7

Your expenses

These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds.

Understanding fund expenses

As a shareholder of the fund, you incur two types of costs:

∎ Transaction costs, which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc.

∎ Ongoing operating expenses, including management fees, distribution and service fees (if applicable), and other fund expenses.

We are presenting only your ongoing operating expenses here.

Actual expenses/actual returns

The first line of each share class in the table on the following page is intended to provide information about the fund’s actual ongoing operating expenses, and is based on the fund’s actual return. It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020.

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at October 31, 2020, by $1,000.00, then multiply it by the ”expenses paid” for your share class from the table. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

Hypothetical example for comparison purposes

The second line of each share class in the table on the following page allows you to compare the fund’s ongoing operating expenses with those of any other fund. It provides an example of the fund’s hypothetical account values and hypothetical expenses based on each class’s actual expense ratio and an assumed 5% annualized return before expenses (which is not the class’s actual return). It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

8     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT

Remember, these examples do not include any transaction costs, therefore, these examples will not help you to determine the relative total costs of owning different funds. If transaction costs were included, your expenses would have been higher. See the prospectus for details regarding transaction costs.

SHAREHOLDER EXPENSE EXAMPLE CHART

		Account value on 5-1-2020		Ending value on 10-31-2020		Expenses paid during period ended 10-31-20201		Annualized expense ratio
Class A	Actual expenses/actual returns	$	1,000.00	$	1,167.80	$	6.43		1.18%
	Hypothetical example		1,000.00		1,019.20		5.99		1.18%
Class C	Actual expenses/actual returns		1,000.00		1,163.70		10.50		1.93%
	Hypothetical example		1,000.00		1,015.40		9.78		1.93%
Class I	Actual expenses/actual returns		1,000.00		1,169.20		5.07		0.93%
	Hypothetical example		1,000.00		1,020.50		4.72		0.93%
Class R6	Actual expenses/actual returns		1,000.00		1,169.80		4.47		0.82%
	Hypothetical example		1,000.00		1,021.00		4.17		0.82%

1 Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period).

ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     9

Fund’s investments

AS OF 10-31-20

	Shares		Value
Common stocks 98.0%				$28,794,808
(Cost $19,856,123)
Communication services 8.0%				2,362,382
Diversified telecommunication services 1.6%
Verizon Communications, Inc.		8,528		486,011
Interactive media and services 4.9%
Alphabet, Inc., Class A (A)		883		1,427,023
Media 1.5%
The New York Times Company, Class A		11,330		449,348
Consumer discretionary 11.0%				3,229,177
Hotels, restaurants and leisure 1.0%
Starbucks Corp.		3,407		296,273
Internet and direct marketing retail 0.7%
Booking Holdings, Inc. (A)		125		202,813
Multiline retail 1.6%
Target Corp.		3,138		477,666
Specialty retail 4.1%
The Home Depot, Inc.		2,108		562,225
The TJX Companies, Inc.		7,101		360,731
Tractor Supply Company		2,171		289,199
Textiles, apparel and luxury goods 3.6%
Lululemon Athletica, Inc. (A)		1,211		386,660
NIKE, Inc., Class B		3,288		394,823
VF Corp.		3,851		258,787
Consumer staples 6.9%				2,022,704
Food and staples retailing 1.5%
Costco Wholesale Corp.		1,205		430,932
Food products 2.3%
Lamb Weston Holdings, Inc.		4,802		304,687
McCormick & Company, Inc.		2,037		367,699
Household products 2.0%
The Procter & Gamble Company		4,215		577,877
Personal products 1.1%
Unilever NV, NYRS		6,038		341,509
Financials 9.5%				2,783,593
Banks 5.3%
Bank of America Corp.		19,308		457,600
First Republic Bank		2,884		363,788
SVB Financial Group (A)		1,443		419,480

10     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Shares		Value
Financials (continued)
Banks (continued)
The PNC Financial Services Group, Inc.		2,884		$322,662
Capital markets 0.7%
The Bank of New York Mellon Corp.		5,930		203,755
Insurance 3.5%
Aflac, Inc.		8,816		299,303
Reinsurance Group of America, Inc.		1,521		153,651
The Travelers Companies, Inc.		4,667		563,354
Health care 13.8%				4,061,276
Biotechnology 0.8%
Gilead Sciences, Inc.		4,199		244,172
Health care equipment and supplies 3.0%
Becton, Dickinson and Company		1,062		245,460
Medtronic PLC		3,931		395,341
Stryker Corp.		1,157		233,726
Health care providers and services 3.9%
Anthem, Inc.		1,189		324,359
LHC Group, Inc. (A)		1,799		389,573
Quest Diagnostics, Inc.		3,503		427,856
Health care technology 1.1%
Omnicell, Inc. (A)		3,747		324,303
Life sciences tools and services 2.2%
Illumina, Inc. (A)		761		222,745
IQVIA Holdings, Inc. (A)		2,806		432,096
Pharmaceuticals 2.8%
AstraZeneca PLC, ADR		7,576		380,012
Merck & Company, Inc.		5,872		441,633
Industrials 9.0%				2,643,922
Aerospace and defense 0.4%
Hexcel Corp.		3,803		127,324
Air freight and logistics 1.1%
United Parcel Service, Inc., Class B		1,997		313,749
Building products 1.5%
Trane Technologies PLC		3,407		452,279
Construction and engineering 1.1%
Quanta Services, Inc.		5,080		317,144
Electrical equipment 1.3%
Eaton Corp. PLC		3,788		393,157
Machinery 2.4%
Wabtec Corp.		4,810		285,233

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     11

	Shares		Value
Industrials (continued)
Machinery (continued)
Xylem, Inc.		4,778		$416,355
Road and rail 1.2%
JB Hunt Transport Services, Inc.		2,782		338,681
Information technology 28.9%				8,494,955
Electronic equipment, instruments and components 1.0%
IPG Photonics Corp. (A)		1,656		307,950
IT services 6.5%
Accenture PLC, Class A		1,497		324,714
Mastercard, Inc., Class A		2,576		743,537
PayPal Holdings, Inc. (A)		4,493		836,282
Semiconductors and semiconductor equipment 6.6%
Analog Devices, Inc.		2,528		299,644
ASML Holding NV, NYRS		1,205		435,258
First Solar, Inc. (A)		5,633		490,324
NXP Semiconductors NV		2,584		349,150
Xilinx, Inc.		2,988		354,646
Software 11.1%
Adobe, Inc. (A)		1,331		595,090
ANSYS, Inc. (A)		1,331		405,116
Blackbaud, Inc.		3,045		150,240
Microsoft Corp.		6,903		1,397,650
Palo Alto Networks, Inc. (A)		1,403		310,330
salesforce.com, Inc. (A)		1,799		417,854
Technology hardware, storage and peripherals 3.7%
Apple, Inc.		9,895		1,077,170
Materials 3.8%				1,102,277
Chemicals 3.8%
Air Products & Chemicals, Inc.		1,680		464,083
Ecolab, Inc.		2,076		381,133
International Flavors & Fragrances, Inc.		2,504		257,061
Real estate 3.4%				992,750
Equity real estate investment trusts 2.8%
AvalonBay Communities, Inc.		1,213		168,765
SBA Communications Corp.		2,203		639,685
Real estate management and development 0.6%
Jones Lang LaSalle, Inc.		1,633		184,300
Utilities 3.7%				1,101,772
Electric utilities 1.1%
Avangrid, Inc.		6,561		323,720

12     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Shares		Value
Utilities (continued)
Independent power and renewable electricity producers 0.9%
Ormat Technologies, Inc.		3,692	$	261,652
Water utilities 1.7%
American Water Works Company, Inc.		3,431		516,400

	Yield	(%)	Shares	Value
Short-term investments 2.0%				$587,068
(Cost $587,068)
Short-term funds 2.0%				587,068
Federated Government Obligations Fund, Institutional Class	0.0100	(B)	587,068	587,068
Total investments (Cost $20,443,191) 100.0%				$29,381,876
Other assets and liabilities, net (0.0%)				(13,702	)
Total net assets 100.0%				$29,368,174

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

Security Abbreviations and Legend

ADR American Depositary Receipt

NYRS New York Registry Shares

(A) Non-income producing security.

(B) The rate shown is the annualized seven-day yield as of 10-31-20.

At 10-31-20, the aggregate cost of investments for federal income tax purposes was $20,465,699. Net unrealized appreciation aggregated to $8,916,177, of which $9,581,180 related to gross unrealized appreciation and $665,003 related to gross unrealized depreciation.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     13

Financial statements

STATEMENT OF ASSETS AND LIABILITIES 10-31-20
Assets
Unaffiliated investments, at value (Cost $20,443,191)	$29,381,876
Dividends and interest receivable	21,976
Receivable for fund shares sold	762
Receivable from affiliates	470
Other assets	30,917
Total assets	29,436,001
Liabilities
Payable for fund shares repurchased	4,933
Payable to affiliates
Accounting and legal services fees	1,120
Transfer agent fees	2,964
Trustees’ fees	55
Other liabilities and accrued expenses	58,755
Total liabilities	67,827
Net assets	$29,368,174
Net assets consist of
Paid-in capital	$20,809,951
Total distributable earnings (loss)	8,558,223
Net assets	$29,368,174
Net asset value per share
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value
Class A ($9,224,347 ÷ 622,590 shares)1	$14.82
Class C ($725,010 ÷ 50,011 shares)1	$14.50
Class I ($18,776,284 ÷ 1,263,120 shares)	$14.87
Class R6 ($642,533 ÷ 43,186 shares)	$14.88
Maximum offering price per share
Class A (net asset value per share ÷ 95%)2	$15.60

¹  Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

²  On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.

14     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

STATEMENT OF OPERATIONS For the year ended 10-31-20
Investment income
Dividends	$369,744
Interest	1,678
Less foreign taxes withheld	(693	)
Total investment income	370,729
Expenses
Investment management fees	208,842
Distribution and service fees	37,696
Accounting and legal services fees	4,691
Transfer agent fees	33,451
Trustees’ fees	565
Custodian fees	25,986
State registration fees	69,940
Printing and postage	20,821
Professional fees	53,125
Other	14,302
Total expenses	469,419
Less expense reductions	(172,723	)
Net expenses	296,696
Net investment income	74,033
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments	(219,581	)
	(219,581	)
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments	2,510,141
	2,510,141
Net realized and unrealized gain	2,290,560
Increase in net assets from operations	$2,364,593

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     15

STATEMENTS OF CHANGES IN NET ASSETS
	Year ended 10-31-20			Year ended 10-31-19
Increase (decrease) in net assets
From operations
Net investment income		$74,033			$112,365
Net realized loss		(219,581	)		(198,356	)
Change in net unrealized appreciation (depreciation)		2,510,141			3,423,092
Increase in net assets resulting from operations		2,364,593			3,337,101
Distributions to shareholders
From earnings
Class A		(16,512	)		(273,395	)
Class C		—			(63,251	)
Class I		(72,352	)		(618,633	)
Class R6		(8,780	)		(53,336	)
Total distributions		(97,644	)		(1,008,615	)
From fund share transactions		(655,183	)		2,133,732
Total increase		1,611,766			4,462,218
Net assets
Beginning of year		27,756,408			23,294,190
End of year		$29,368,174			$27,756,408

16     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Financial highlights

CLASS A SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-161
Per share operating performance
Net asset value, beginning of period		$13.60			$12.44			$12.03			$10.14			$10.00
Net investment income2		0.02			0.04			0.03			0.04			0.04
Net realized and unrealized gain (loss) on investments		1.23			1.64			0.66			1.95			0.10
Total from investment operations		1.25			1.68			0.69			1.99			0.14
Less distributions
From net investment income		(0.03	)		(0.03	)		(0.04	)		(0.07	)		—
From net realized gain		—			(0.49	)		(0.24	)		(0.03	)		—
Total distributions		(0.03	)		(0.52	)		(0.28	)		(0.10	)		—
Net asset value, end of period		$14.82			$13.60			$12.44			$12.03			$10.14
Total return (%)3,4		9.20			14.25			5.80			19.73			1.40	5
Ratios and supplemental data
Net assets, end of period (in millions)		$9			$8			$6			$6			$4
Ratios (as a percentage of average net assets):
Expenses before reductions		1.80			1.80			1.83			2.34			2.62	6
Expenses including reductions		1.18			1.18			1.17			1.18			1.19	6
Net investment income		0.14			0.33			0.23			0.38			0.47	6,7
Portfolio turnover (%)		23			19			19			21			13

¹  Period from 6-6-16 (commencement of operations) to 10-31-16.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Does not reflect the effect of sales charges, if any.

⁵  Not annualized.

⁶  Annualized.

⁷  A portion of income is presented unannualized.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     17

CLASS C SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-161
Per share operating performance
Net asset value, beginning of period		$13.38			$12.31			$11.96			$10.11			$10.00
Net investment income (loss)2		(0.08	)		(0.05	)		(0.07	)		(0.04	)		0.01
Net realized and unrealized gain (loss) on investments		1.20			1.61			0.66			1.95			0.10
Total from investment operations		1.12			1.56			0.59			1.91			0.11
Less distributions
From net investment income		—			—			—			(0.03	)		—
From net realized gain		—			(0.49	)		(0.24	)		(0.03	)		—
Total distributions		—			(0.49	)		(0.24	)		(0.06	)		—
Net asset value, end of period		$14.50			$13.38			$12.31			$11.96			$10.11
Total return (%)3,4		8.37			13.36			4.98			18.90			1.10	5
Ratios and supplemental data
Net assets, end of period (in millions)		$1			$2			$2			$1			$1
Ratios (as a percentage of average net assets):
Expenses before reductions		2.55			2.55			2.58			3.09			3.37	6
Expenses including reductions		1.93			1.93			1.92			1.93			1.94	6
Net investment loss		(0.57	)		(0.42	)		(0.52	)		(0.37	)		(0.28	)6,7
Portfolio turnover (%)		23			19			19			21			13

¹  Period from 6-6-16 (commencement of operations) to 10-31-16.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Does not reflect the effect of sales charges, if any.

⁵  Not annualized.

⁶  Annualized.

⁷  A portion of income is presented unannualized.

18     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS I SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-161
Per share operating performance
Net asset value, beginning of period		$13.63			$12.47			$12.06			$10.15			$10.00
Net investment income2		0.06			0.07			0.06			0.07			0.05
Net realized and unrealized gain (loss) on investments		1.24			1.64			0.66			1.95			0.10
Total from investment operations		1.30			1.71			0.72			2.02			0.15
Less distributions
From net investment income		(0.06	)		(0.06	)		(0.07	)		(0.08	)		—
From net realized gain		—			(0.49	)		(0.24	)		(0.03	)		—
Total distributions		(0.06	)		(0.55	)		(0.31	)		(0.11	)		—
Net asset value, end of period		$14.87			$13.63			$12.47			$12.06			$10.15
Total return (%)3		9.47			14.47			6.02			20.07			1.50	4
Ratios and supplemental data
Net assets, end of period (in millions)		$19			$17			$14			$12			$9
Ratios (as a percentage of average net assets):
Expenses before reductions		1.55			1.56			1.59			2.08			2.36	5
Expenses including reductions		0.93			0.93			0.93			0.92			0.92	5
Net investment income		0.39			0.57			0.47			0.64			0.74	5,6
Portfolio turnover (%)		23			19			19			21			13

¹  Period from 6-6-16 (commencement of operations) to 10-31-16.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Not annualized.

⁵  Annualized.

⁶  A portion of income is presented unannualized.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     19

CLASS R6 SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-161
Per share operating performance
Net asset value, beginning of period		$13.64			$12.48			$12.07			$10.16			$10.00
Net investment income2		0.07			0.09			0.07			0.08			0.06
Net realized and unrealized gain (loss) on investments		1.24			1.63			0.66			1.95			0.10
Total from investment operations		1.31			1.72			0.73			2.03			0.16
Less distributions
From net investment income		(0.07	)		(0.07	)		(0.08	)		(0.09	)		—
From net realized gain		—			(0.49	)		(0.24	)		(0.03	)		—
Total distributions		(0.07	)		(0.56	)		(0.32	)		(0.12	)		—
Net asset value, end of period		$14.88			$13.64			$12.48			$12.07			$10.16
Total return (%)3		9.64			14.60			6.14			20.14			1.60	4
Ratios and supplemental data
Net assets, end of period (in millions)		$1			$2			$1			$1			$1
Ratios (as a percentage of average net assets):
Expenses before reductions		1.44			1.45			1.49			1.99			2.26	5
Expenses including reductions		0.82			0.82			0.82			0.81			0.81	5
Net investment income		0.53			0.68			0.58			0.75			0.84	5,6
Portfolio turnover (%)		23			19			19			21			13

¹  Period from 6-6-16 (commencement of operations) to 10-31-16.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Not annualized.

⁵  Annualized.

⁶  A portion of income is presented unannualized.

20     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Notes to financial statements

Note 1 — Organization

John Hancock ESG All Cap Core Fund (the fund) is a series of John Hancock Investment Trust (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective of the fund is to seek long-term capital appreciation.

The fund may offer multiple classes of shares. The shares currently outstanding are detailed in the Statement of assets and liabilities. Class A and Class C shares are offered to all investors. Class I shares are offered to institutions and certain investors. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class C shares convert to Class A shares ten years after purchase (certain exclusions may apply). Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.

Effective November 1, 2020, Class C shares convert to Class A shares eight years after purchase (certain exclusions may apply).

Note 2 — Significant accounting policies

The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of US GAAP.

Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the fund:

Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the fund’s Valuation Policies and Procedures.

In order to value the securities, the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds are valued at their respective NAVs each business day.

In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund’s Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.

The fund uses a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     21

significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund’s own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

As of October 31, 2020, all investments are categorized as Level 1 under the hierarchy described above.

Real estate investment trusts. The fund may invest in real estate investment trusts ((REITs). Distributions from REITs may be recorded as income and subsequently characterized by the REIT at the end of the fiscal year as a reduction of cost of investments and/or as a realized gain. As a result, the fund will estimate the components of distributions from these securities. Such estimates are revised when the actual components of the distributions are known.

Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Dividend income is recorded on the ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.

Foreign taxes. The fund may be subject to withholding tax on income, capital gains or repatriations imposed by certain countries, a portion of which may be recoverable. Foreign taxes are accrued based upon the fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued based on gains realized by the fund as a result of certain foreign security sales. In certain circumstances, estimated taxes are accrued based on unrealized appreciation of such securities. Investment income is recorded net of foreign withholding taxes.

Overdraft. The fund may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the fund’s custodian agreement, the custodian may loan money to the fund to make properly authorized payments. The fund is obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.

Line of credit. Effective June 25, 2020, the fund and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, the fund can borrow up to an aggregate commitment amount of $850 million, subject to asset coverage and other limitations as specified in the agreement. Each participating fund paid an upfront fee in connection with this line of credit agreement, which is charged based on a combination of fixed and asset-based allocations and amortized over 365 days. Prior to June 25, 2020, the fund and other affiliated funds had a similar agreement that enabled them to participate in a $750 million unsecured committed line of credit. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of the line of credit, is charged to each participating fund based on a combination of fixed and asset-based allocations

22     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

and is reflected in Other expenses on the Statement of operations. For the year ended October 31, 2020, the fund had no borrowings under the line of credit. Commitment fees, including upfront fees, for the year ended October 31, 2020 were $3,489.

Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund’s relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the fund level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.

Federal income taxes. The fund intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

For federal income tax purposes, as of October 31, 2020, the fund has a short-term capital loss carryforward of $15,610 and a long-term capital loss carryforward of $390,490 available to offset future net realized capital gains. These carryforwards do not expire.

As of October 31, 2020, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund’s federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.

Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The fund generally declares and pays dividends annually. Capital gain distributions, if any, are typically distributed annually.

The tax character of distributions for the years ended October 31, 2020 and 2019 was as follows:

	October 31, 2020		October 31, 2019
Ordinary income		$97,644		$139,089
Long-term capital gains		—		869,526
Total		$97,644		$1,008,615

Distributions paid by the fund with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class. As of October 31, 2020, the components of distributable earnings on a tax basis consisted of $48,147 of undistributed ordinary income.

Such distributions and distributable earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund’s financial statements as a return of capital.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to wash sale loss deferrals.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     23

Note 3 — Guarantees and indemnifications

Under the Trust’s organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the fund. Additionally, in the normal course of business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.

Note 4 — Fees and transactions with affiliates

John Hancock Investment Management LLC (the Advisor) serves as investment advisor for the fund. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the fund. The Advisor and the Distributor are indirect, principally owned subsidiaries of Manulife Financial Corporation.

Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor, equivalent on an annual basis, to the sum of: (a) 0.750% of the first $250 million of the fund’s average daily net assets; (b) 0.725% of the next $250 million of the fund’s average daily net assets; (c) 0.700% of the next $500 million of the fund’s average daily net assets, and (d) 0.700% of the fund’s average daily net assets in excess of $1 billion. If net assets exceed $1 billion, then the advisory fee to be paid is 0.700% on all asset levels of average daily net assets. The Advisor has a subadvisory agreement with Trillium Asset Management, LLC. The fund is not responsible for payment of the subadvisory fees.

The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the year ended October 31, 2020, this waiver amounted to 0.01% of the fund’s average daily net assets. This arrangement expires on July 31, 2022, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

The Advisor has contractually agreed to reduce its management fee for the fund, or if necessary, make payment to the fund, in an amount equal to the amount by which the fund’s expenses exceed 0.81% of average daily net assets. Expenses means all the expenses of the fund, excluding taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the fund’s business, class-specific expenses, borrowing costs, prime brokerage fees, acquired fund fees and expenses paid indirectly, and short dividend expense. The expense limitation expires on February 28, 2021, unless renewed by mutual agreement of the fund and Advisor based upon a determination of that this is appropriate under the circumstances at that time.

For the year ended October 31, 2020, the expense reductions described above amounted to the following:

Class	Expense reduction
Class A		$50,413
Class C		10,499
Class I		106,027

Class	Expense reduction
Class R6		$5,784
Total		$172,723

Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.

The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended October 31, 2020, were equivalent to a net annual effective rate of 0.13% of the fund’s average daily net assets.

24     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the year ended October 31, 2020, amounted to an annual rate of 0.02% of the fund’s average daily net assets.

Distribution and service plans. The fund has a distribution agreement with the Distributor. The fund has adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the fund. The fund may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the fund’s shares:

Class	Rule 12b-1 Fee
Class A		0.25%
Class C		1.00%

Sales charges. Class A shares are assessed up-front sales charges, which resulted in payments to the Distributor amounting to $9,890 for the year ended October 31, 2020. Of this amount, $1,612 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $8,278 was paid as sales commissions to broker-dealers.

Class A and Class C shares may be subject to contingent deferred sales charges ((CDSCs). Certain Class A shares that are acquired through purchases of $1 million or more and are redeemed within one year of purchase are subject to a 1.00% sales charge. Class C shares that are redeemed within one year of purchase are subject to a 1.00% CDSC. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the Distributor for providing distribution-related services in connection with the sale of these shares. During the year ended October 31, 2020, CDSCs received by the Distributor amounted to $33 for Class C shares. There were no CDSCs received by the Distributor for Class A shares.

Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.

Class level expenses. Class level expenses for the year ended October 31, 2020 were as follows:

Class	Distribution and service fees		Transfer agent fees
Class A		$20,191		$10,004
Class C		17,505		2,179
Class I		—		21,138
Class R6		—		130
Total		$37,696		$33,451

ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     25

Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to the fund based on its net assets relative to other funds within the John Hancock group of funds complex.

Note 5 — Fund share transactions

Transactions in fund shares for the years ended October 31, 2020 and 2019 were as follows:

	Year Ended 10-31-20				Year Ended 10-31-19
	Shares		Amount		Shares		Amount
Class A shares
Sold		97,634		$1,373,508		52,278		$671,614
Distributions reinvested		282		3,996		4,704		54,470
Repurchased		(30,492)		(428,711)		(23,513)		(302,617)
Net increase		67,424		$948,793		33,469		$423,467
Class C shares
Sold		12,305		$161,476		10,690		$134,532
Distributions reinvested		—		—		1,649		18,911
Repurchased		(95,832)		(1,371,660)		(6,878)		(85,058)
Net increase (decrease)		(83,527)		$(1,210,184)		5,461		$68,385
Class I shares
Sold		117,104		$1,684,115		153,588		$1,954,164
Distributions reinvested		1,387		19,711		10,852		125,775
Repurchased		(87,804)		(1,155,504)		(58,629)		(746,393)
Net increase		30,687		$548,322		105,811		$1,333,546
Class R6 shares
Sold		20,528		$286,067		25,610		$326,982
Distributions reinvested		164		2,332		239		2,775
Repurchased		(96,250)		(1,230,513)		(1,643)		(21,423)
Net increase (decrease)		(75,558)		$(942,114)		24,206		$308,334
Total net increase (decrease)		(60,974)		$(655,183)		168,947		$2,133,732

Affiliates of the fund owned 67% and 71% of shares of Class A and Class I, respectively, on October 31, 2020. Such concentration of shareholders’ capital could have a material effect on the fund if such shareholders redeem from the fund.

Note 6 — Purchase and sale of securities

Purchases and sales of securities, other than short-term investments, amounted to $6,210,303 and $7,205,699, respectively, for the year ended October 31, 2020.

Note 7 — Coronavirus (COVID-19) pandemic

The novel COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance.

26     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of John Hancock Investment Trust and Shareholders of John Hancock ESG All Cap Core Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the fund’s investments, of John Hancock ESG All Cap Core Fund (one of the funds constituting John Hancock Investment Trust, referred to hereafter as the Fund ) as of October 31, 2020, the related statement of operations for the year ended October 31, 2020, the statements of changes in net assets for each of the two years in the period ended October 31, 2020, including the related notes, and the financial highlights for each of the four years in the period ended October 31, 2020 and for the period June 6, 2016 (commencement of operations) through October 31, 2016 (collectively referred to as the” financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2020, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2020 and the financial highlights for each of the four years in the period ended October 31, 2020 and for the period June 6, 2016 (commencement of operations) through October 31, 2016 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian and transfer agent. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 16, 2020

We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.

ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     27

Tax information (Unaudited)

For federal income tax purposes, the following information is furnished with respect to the distributions of the fund, if any, paid during its taxable year ended October 31, 2020.

The fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.

The fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

The fund reports the maximum amount allowable of its Section 199A dividends as defined in Proposed Treasury Regulation §1.199A-3(d).

Eligible shareholders will be mailed a 2020 Form 1099-DIV in early 2021. This will reflect the tax character of all distributions paid in calendar year 2020.

Please consult a tax advisor regarding the tax consequences of your investment in the fund.

28     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT

Continuation of Investment Advisory Agreement and Approval of Subadvisory Agreement

Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees

This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Investment Trust (the Trust) of the Advisory Agreement (the Advisory Agreement) with John Hancock Investment Management LLC (the Advisor) and the Subadvisory Agreement (the Subadvisory Agreement) with Trillium Asset Management, LLC (the Subadvisor), for John Hancock ESG All Cap Core Fund (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 23-25, 2020 telephonic¹ meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a telephonic meeting held on May 26-27, 2020.

Approval of New Subadvisory Agreement with Respect to Subadvisory Change in Control

At a telephonic meeting on June 23-25, 2020, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees), approved the new Subadvisory Agreement with the Subadvisor subject to the change in control which later took place on June 30, 2020. The Board noted that the new Subadvisory Agreement reflected the change in control with the Subadvisor after it sold a majority ownership stake to Perpetual Limited. The Board also noted that under the new Subadvisory Agreement, the subadvisory fee that the Advisor currently pays to the Subadvisor would not change and no changes are expected in the Subadvisor’s personnel or operations, or its investment approach with respect to the fund’s portfolio management.

Approval of Advisory and Subadvisory Agreements

At a telephonic meeting held on June 23-25, 2020, the Board, including the Independent Trustees, reapproved for an annual period the continuation of the Advisory Agreement between the Trust and the Advisor and the Subadvisory Agreement between the Advisor and the Subadvisor with respect to the fund.

In considering the Advisory Agreement and the Subadvisory Agreement, the Board received in advance of the meetings a variety of materials relating to the fund, the Advisor and the Subadvisor, including comparative performance, fee and expense information for a peer group of similar funds prepared by an independent third-party provider of fund data, performance information for an applicable benchmark index; and, with respect to the Subadvisor, comparative performance information for comparably managed accounts, as applicable, and other information provided by the Advisor and the Subadvisor regarding the nature, extent and quality of services provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor’s revenues and costs of providing services to the fund and any compensation paid to affiliates of the Advisor. At the meetings at which the renewal of the Advisory Agreement and Subadvisory Agreement are considered, particular focus is given to information concerning fund performance, comparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisor is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to the fund, including quarterly performance reports prepared by management containing reviews of investment results and prior presentations from the Subadvisor with respect

¹ On March 25, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pandemic, the Securities and Exchange Commission issued an exemptive order (the ”Order”) pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the“ 1940 Act”),that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board’s May and June meetings were held telephonically in reliance on the Order.

ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     29

to the fund. The information received and considered by the Board in connection with the May and June meetings and throughout the year was both written and oral. The Board also considered the nature, quality, and extent of non-advisory services, if any, to be provided to the fund by the Advisor’s affiliates, including distribution services. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the fund.

Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from their independent legal counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.

Approval of Advisory Agreement

In approving the Advisory Agreement with respect to the fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets, and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board’s conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board’s ongoing regular review of fund performance and operations throughout the year.

Nature, extent, and quality of services. Among the information received by the Board from the Advisor relating to the nature, extent, and quality of services provided to the fund, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor’s compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust’s Chief Compliance Officer (CCO) regarding the fund’s compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the fund’s compliance programs, risk management programs, liquidity management programs and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the fund, including, but not limited to, general supervision of and coordination of the services provided by the Subadivisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and other third-party service providers. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the fund including entrepreneurial risk in sponsoring new funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.

In considering the nature, extent, and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor’s management and the quality of the performance of the Advisor’s duties, through Board meetings, discussions and reports during the preceding year and through each Trustee’s experience as a Trustee of the Trust and of the other trusts in the John Hancock group of funds complex (the John Hancock Fund Complex).

In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:

(a) the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment

30     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT

performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues;

(b) the background, qualifications and skills of the Advisor’s personnel;

(c) the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments;

(d) the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund;

(e) the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund;

(f) the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and

(g) the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments.

The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the fund.

Investment performance. In considering the fund’s performance, the Board noted that it reviews at its regularly scheduled meetings information about the fund’s performance results. In connection with the consideration of the Advisory Agreement, the Board:

(a) reviewed information prepared by management regarding the fund’s performance;

(b) considered the comparative performance of an applicable benchmark index;

(c) considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and

(d) took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally.

The Board noted that while it found the data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on the end date selected and the results of the performance comparisons may vary depending on the selection of the peer group. The Board noted that the fund underperformed its benchmark index and peer group median for the one- and three-year periods ended December 31, 2019. The Board took into account management’s discussion of the factors that contributed to the fund’s performance for the benchmark index and peer group median for the one- and three-year periods including the impact of past and current market conditions on the fund’s strategy and management’s plans for the fund. The Board concluded that the fund’s performance is being monitored and reasonably addressed, where appropriate.

Fees and expenses. The Board reviewed comparative information prepared by an independent third-party provider of fund data, including, among other data, the fund’s contractual and net management fees (and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the fund in light of the nature, extent and quality of the management and advisory and subadvisory services provided by the Advisor and the Subadvisor. The Board considered the fund’s ranking within a smaller

ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     31

group of peer funds chosen by the independent third-party provider, as well as the fund’s ranking within a broader group of funds. In comparing the fund’s contractual and net management fees to those of comparable funds, the Board noted that such fees include both advisory and administrative costs. The Board noted that net management fees for the fund are lower than the peer group median and net total expenses for the fund are higher than the peer group median.

The Board took into account management’s discussion of the fund’s expenses. The Board also took into account management’s discussion with respect to the overall management fee and the fees of the Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fee, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor pays the subadvisory fee, and that such fees are negotiated at arm’s length with respect to the Subadvisor. In addition, the Board took into account that management had agreed to implement an overall fee waiver across the complex, including the fund, which is discussed further below. The Board also noted actions taken over the past several years to reduce the fund’s operating expenses. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to the fund and that the fund has breakpoints in its contractual management fee schedule that reduce management fees as assets increase. The Board reviewed information provided by the Advisor concerning the investment advisory fee charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the John Hancock Fund Complex) having similar investment mandates, if any. The Board considered any differences between the Advisor’s and Subadvisor’s services to the fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fee paid with respect to the fund is reasonable in light of the nature, extent and quality of the services provided to the fund under the Advisory Agreement.

Profitability/Fall out benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates from the Advisor’s relationship with the Trust, the Board:

(a) reviewed financial information of the Advisor;

(b) reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund;

(c) received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund;

(d) received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies;

(e) considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board;

(f) considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement;

(g) noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund;

(h) noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund;

(i) noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length;

32     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT

(j) considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and

(k) considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk.

Based upon its review, the Board concluded that the level of profitability, if any, of the Advisor and its affiliates from their relationship with the fund was reasonable and not excessive.

Economies of scale. In considering the extent to which economies of scale would be realized as the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders, the Board:

(a) considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund;

(b) reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and

(c) the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale.

Approval of Subadvisory Agreement

In making its determination with respect to approval of the Subadvisory Agreement, the Board reviewed:

(1) information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex);

(2) the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds;

(3) the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data; and

(4) information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor.

Nature, extent, and quality of services. With respect to the services provided by the Subadvisor, the Board received information provided to the Board by the Subadvisor, including the Subadvisor’s Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor’s current level of staffing and its overall resources, as well as received information relating to the Subadvisor’s compensation program. The Board reviewed the Subadvisor’s history and investment experience, as well as information regarding the qualifications, background, and responsibilities of the Subadvisor’s investment and compliance personnel who provide services to the fund. The Board also considered, among other things, the Subadvisor’s compliance program

ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     33

and any disciplinary history. The Board also considered the Subadvisor’s risk assessment and monitoring process. The Board reviewed the Subadvisor’s regulatory history, including whether it was involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular, periodic reviews of the Subadvisor and its operations, including regarding investment processes and organizational and staffing matters. The Board also noted that the Trust’s CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.

The Board considered the Subadvisor’s investment process and philosophy. The Board took into account that the Subadvisor’s responsibilities include the development and maintenance of an investment program for the fund that is consistent with the fund’s investment objective, the selection of investment securities and the placement of orders for the purchase and sale of such securities, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to the Subadvisor’s brokerage policies and practices, including with respect to best execution and soft dollars.

Subadvisor compensation. In considering the cost of services to be provided by the Subadvisor and the profitability to the Subadvisor of its relationship with the fund, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the fund.

The Board also relied on the ability of the Advisor to negotiate the Subadvisory Agreement with the Subadvisor, which is not affiliated with the Advisor, and the fees thereunder at arm’s length. As a result, the costs of the services to be provided and the profits to be realized by the Subadvisor from its relationship with the Trust were not a material factor in the Board’s consideration of the Subadvisory Agreement.

The Board also received information regarding the nature and scope (including their significance to the Advisor and its affiliates and to the Subadvisor) of any material relationships with respect to the Subadvisor, which include arrangements in which the Subadvisor or its affiliates provide advisory, distribution, or management services in connection with financial products sponsored by the Advisor or its affiliates, and may include other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans. The Board also received information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.

In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor’s relationship with the fund, such as the opportunity to provide advisory services to additional funds in the John Hancock Fund Complex and reputational benefits.

Subadvisory fees. The Board considered that the fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. As noted above, the Board also considered the fund’s subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the fund as included in the report prepared by the independent third party provider of fund data, to the extent available. The Board noted that the limited size of the Lipper peer group was not sufficient for comparative purposes. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the fund and compared them to fees charged by the Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.

Subadvisor performance. As noted above, the Board considered the fund’s performance as compared to the fund’s peer group and the benchmark index and noted that the Board reviews information about the fund’s performance results at its regularly scheduled meetings. The Board noted the Advisor’s expertise and resources in monitoring the performance, investment style and risk-adjusted performance of the Subadvisor. The Board was mindful of the Advisor’s focus on the Subadvisor’s performance. The Board also noted the Subadvisor’s long-term performance record for similar accounts, as applicable.

34     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT

The Board’s decision to approve the Subadvisory Agreement was based on a number of determinations, including the following:

(1) the Subadvisor has extensive experience and demonstrated skills as a manager;

(2) the performance of the fund is being monitored and reasonably addressed, where appropriate;

(3) the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and

(4) noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows.

* * *

Based on the Board’s evaluation of all factors that the Board deemed to be material, including those factors described above, the Board, including the Independent Trustees, concluded that renewal of the Advisory Agreement and the Subadvisory Agreement would be in the best interest of the fund and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement for an additional one-year period.

ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     35

Trustees and Officers

This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the fund and execute policies formulated by the Trustees.

Independent Trustees

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Hassell H. McClellan, Born: 1945	2012		196

Trustee and Chairperson of the Board

Director/Trustee, Virtus Funds (since 2008);Director, The Barnes Group (since 2010);Associate Professor, The Wallace E.Carroll School of Management, Boston College (retired 2013).Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex.

Charles L. Bardelis,² Born: 1941 2012     196

Trustee

Director, Island Commuter Corp.(marine transport).Trustee, John Hancock Collateral Trust (since 2014),Trustee of various trusts within the John Hancock Fund Complex (since 1988).

James R. Boyle, Born: 1959 2015     196

Trustee

Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014- 2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance)) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).

Peter S. Burgess,² Born: 1942 2012     196

Trustee

Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (since 2004); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005).

William H. Cunningham, Born: 1944 1986     196

Trustee

Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986).

Grace K. Fey, Born: 1946 2012     196

Trustee

Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

36     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT

Independent Trustees (continued)

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Deborah C. Jackson, Born: 1952	2008		196

Trustee

President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Massachusetts Women’s Forum (since 2018); Board of Directors, National Association of Corporate Directors/New England (since 2015); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

James M. Oates,² Born: 1946 2012 196

Trustee

Managing Director, Wydown Group (financial consulting firm) (since 1994); Chairman and Director, Emerson Investment Management, Inc. (2000-2015); Independent Chairman, Hudson Castle Group, Inc. (formerly IBEX Capital Markets, Inc.) (financial services company) (1997–2011); Director, Stifel Financial (since 1996); Director, Investor Financial Services Corporation (1995–2007); Director, Connecticut River Bancorp (1998-2014); Director/Trustee, Virtus Funds (since 1988). Trustee (since 2004) and Chairperson of the Board (2005-2016) of various trusts within the John Hancock Fund Complex.

Steven R. Pruchansky, Born: 1944 1994 196

Trustee and Vice Chairperson of the Board

Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (since 2014); Director and President, Greenscapes of Southwest Florida, Inc. (2000-2014); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex.

Frances G. Rathke,^2,* Born: 1960 2020 196

Trustee

Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020).

ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     37

Independent Trustees (continued)

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Gregory A. Russo, Born: 1949	2009		196

Trustee

Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

Non-Independent Trustees³

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Andrew G. Arnott, Born: 1971	2017		196

President and Non-Independent Trustee

Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Executive Vice President, John Hancock Financial Services (since 2009, including prior positions); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).

Marianne Harrison, Born: 1963 2018   196

Non-Independent Trustee

President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018).

38     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT

Principal officers who are not Trustees
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Officer of the Trust since
Charles A. Rizzo, Born: 1957		2007
Chief Financial Officer
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007).
Salvatore Schiavone, Born: 1965		2010
Treasurer
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions).
Christopher (Kit) Sechler, Born: 1973		2018
Chief Legal Officer and Secretary
Vice President and Deputy Chief Counsel, John Hancock Investments (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investments; Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2018); Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009).
Trevor Swanberg, Born: 1979		2020
Chief Compliance Officer
Chief Compliance Officer, various trusts within the John Hancock Fund Complex, John Hancock Investment Management LLC, and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2018–2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2016–2018); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016).

The business address for all Trustees and Officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023.

The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-5291.

¹  Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table.

²  Member of the Audit Committee.

³  The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

* Appointed as Independent Trustee effective as of September 15, 2020.

ANNUAL REPORT      |     JOHN HANCOCK ESG ALL CAP CORE FUND     39

More information

Trustees

Hassell H. McClellan, Chairperson

Steven R. Pruchansky, Vice Chairperson

Andrew G. Arnott^†

Charles L. Bardelis^*

James R. Boyle

Peter S. Burgess^*

William H. Cunningham

Grace K. Fey

Marianne Harrison^†

Deborah C. Jackson

James M. Oates^*

Frances G. Rathke^1,*

Gregory A. Russo

Officers

Andrew G. Arnott

President

Charles A. Rizzo

Chief Financial Officer

Salvatore Schiavone

Treasurer

Christopher (Kit) Sechler

Secretary and Chief Legal Officer

Trevor Swanberg²

Chief Compliance Officer

Investment advisor

John Hancock Investment Management LLC

Subadvisor

Trillium Asset Management, LLC

Portfolio Managers

Elizabeth R. Levy, CFA

Cheryl I. Smith, Ph.D., CFA

Principal distributor

John Hancock Investment Management Distributors LLC

Custodian

Citibank, N.A.

Transfer agent

John Hancock Signature Services, Inc.

Legal counsel

K&L Gates LLP

Independent registered public accounting firm

PricewaterhouseCoopers LLP

* Member of the Audit Committee

^†  Non-Independent Trustee

¹  Appointed as Independent Trustee effective as of September 15, 2020

²  Effective July 31, 2020

The fund’s proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.

All of the fund’s holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The fund’s Form N-PORT filings are available on our website and the SEC’s website, sec.gov.

We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.

You can also contact us:
800-225-5291	Regular mail:	Express mail:
jhinvestments.com	John Hancock Signature Services, Inc.	John Hancock Signature Services, Inc.
	P.O. Box 219909	430 W 7th Street
	Kansas City, MO 64121-9909	Suite 219909
		Kansas City, MO 64105-1407

40     JOHN HANCOCK ESG ALL CAP CORE FUND     |     ANNUAL REPORT

Protect yourself by using eDelivery

Signing up for the electronic delivery of your statements and other financial publications is a great way to help protect your privacy. eDelivery provides you with secure, instant access to all of your statements in one convenient location.

BENEFITS OF EDELIVERY

◾	Added security: Password protection helps you safely retrieve documents online
◾	Save time: Receive instant email notification once statements are available
◾	Reduce clutter: View documents online to reduce the amount of paper for filing, shredding, or recycling	jhinvestments.com/login

SIGN UP FOR EDELIVERY TODAY!

Direct shareholders

If you receive statements directly through John Hancock Investment Management and would like to participate in eDelivery, go to jhinvestments.com/login. To log in to your account, click on the “Log in” button on the page’s top right corner. In the “Access your investments account” area, go to the “Individual retirement or mutual fund account” section and select the option that applies to you. Please be aware that you may be required to provide your account number and certain personal account information.

You may revoke your consent at any time by simply visiting jhinvestments.com/login and following the instructions above. You may also revoke consent by calling 800-225-5291 or by writing to us at the following address: John Hancock Signature Services, P.O. Box 219909, Kansas City, MO 64121-9909. We reserve the right to deliver documents to you on paper at any time should the need arise.

Brokerage account shareholders

If you receive statements directly from your bank or broker and would like to participate in eDelivery, go to icsdelivery/live or contact your financial representative.

Not part of the shareholder report

Get your questions answered by using our shareholder resources

ONLINE

◾	Visit jhinvestments.com to access a range of resources for individual investors, from account details and fund information to forms and our latest insight on the markets and economy.
◾	Use our Fund Compare tool to compare thousands of funds and ETFs across dozens of risk and performance metrics—all powered by Morningstar.
◾	Visit our online Tax Center, where you’ll find helpful taxpayer resources all year long, including tax forms, planning guides, and other fund-specific information.
◾	Follow us on Facebook, Twitter, and LinkedIn to get the latest updates on the markets and what’s trending now.

BY PHONE

Call our customer service representatives at 800-225-5291, Monday to Thursday, 8:00 A.M. to 7:00 P.M., and Friday, 8:00 A.M. to 6:00 P.M., Eastern time. We’re here to help!

Not part of the shareholder report

John Hancock family of funds

DOMESTIC EQUITY FUNDS

Blue Chip Growth

Classic Value

Disciplined Value

Disciplined Value Mid Cap

Equity Income

Financial Industries

Fundamental All Cap Core

Fundamental Large Cap Core

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

GLOBAL AND INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

INCOME FUNDS

Bond

California Tax-Free Income

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Short Duration Bond

Short Duration Credit Opportunities

Strategic Income Opportunities

Tax-Free Bond

ALTERNATIVE AND SPECIALTY FUNDS

Absolute Return Currency

Alternative Asset Allocation

Alternative Risk Premia

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

A fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investment Management at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.

ASSET ALLOCATION

Balanced

Multi-Asset High Income

Multi-Index Lifetime Portfolios

Multi-Index Preservation Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

Retirement Income 2040

EXCHANGE-TRADED FUNDS

John Hancock Multifactor Consumer Discretionary ETF

John Hancock Multifactor Consumer Staples ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Energy ETF

John Hancock Multifactor Financials ETF

John Hancock Multifactor Healthcare ETF

John Hancock Multifactor Industrials ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Materials ETF

John Hancock Multifactor Media and Communications ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Multifactor Technology ETF

John Hancock Multifactor Utilities ETF

ENVIRONMENTAL, SOCIAL, AND GOVERNANCE FUNDS

ESG All Cap Core

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Financial Opportunities

Hedged Equity & Income

Income Securities Trust

Investors Trust

Preferred Income

Preferred Income II

Preferred Income III

Premium Dividend

Tax-Advantaged Dividend Income

Tax-Advantaged Global Shareholder Yield

John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC or Dimensional Fund Advisors LP.

Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.

John Hancock Investment Management

A trusted brand

John Hancock Investment Management is a premier asset manager with a heritage of financial stewardship dating back to 1862. Helping our shareholders pursue their financial goals is at the core of everything we do. It’s why we support the role of professional financial advice and operate with the highest standards of conduct and integrity.

A better way to invest

We serve investors globally through a unique multimanager approach: We search the world to find proven portfolio teams with specialized expertise for every strategy we offer, then we apply robust investment oversight to ensure they continue to meet our uncompromising standards and serve the best interests of our shareholders.

Results for investors

Our unique approach to asset management enables us to provide a diverse set of investments backed by some of the world’s best managers, along with strong risk-adjusted returns across asset classes.

John Hancock Investment Management Distributors LLC ∎ Member FINRA, SIPC

200 Berkeley Street ∎ Boston, MA 02116-5010 ∎ 800-225-5291 ∎ jhinvestments.com

This report is for the information of the shareholders of John Hancock ESG All Cap Core Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

MF1399326	466A 10/20
	12/2020

Dear shareholder,

Despite heightened fears over the coronavirus (COVID-19), which sent markets tumbling in the first quarter of the calendar year, global financial markets delivered positive returns for the 12 months ended October 31, 2020. In response to the pandemic-led shock, the U.S. Federal Reserve and the government worked quickly to shore up the economy and equity markets began to rise, particularly large-cap U.S. growth stocks, during the period.

Of course, it would be a mistake to consider this market turnaround a trustworthy signal of assured or swift economic recovery. Economic growth has slowed as the ongoing spread of COVID-19 continues to create uncertainty among businesses and investors. Lockdowns and curfews in certain areas have been reinstated, affecting the level of unemployment and the pace of hiring. Consumer spending also remains far below prepandemic levels.

From an investment perspective, we continue to think that maintaining a focus on long-term objectives while pursuing a risk-aware strategy is a prudent way forward. Above all, we believe the counsel of a trusted financial professional continues to matter now more than ever. Periods of heightened uncertainty are precisely the time to review your financial goals and follow a plan that helps you make the most of what continues to be a challenging situation.

On behalf of everyone at John Hancock Investment Management, I’d like to take this opportunity to welcome new shareholders and thank existing shareholders for the continued trust you’ve placed in us.

Sincerely,

Andrew G.Arnott

President and CEO,

John Hancock Investment Management

Head of Wealth and Asset Management,

United States and Europe

This commentary reflects the CEO’s views as of this report’s period end and are subject to change at any time. Diversification does not guarantee investment returns and does not eliminate risk of loss. All investments entail risks, including the possible loss of principal. For more up-to-date information, you can visit our website at jhinvestments.com.

John Hancock

ESG Large Cap Core Fund

Table of contents
	2	Your fund at a glance
	4	Manager’s discussion of fund performance
	6	A look at performance
	8	Your expenses
	10	Fund’s investments
	14	Financial statements
	17	Financial highlights
	21	Notes to financial statements
	28	Report of independent registered public accounting firm
	29	Tax information
	30	Continuation of investment advisory agreement and approval of subadvisory agreement
	37	Trustees and Officers
	41	More information

ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     1

Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks long-term capital appreciation.

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2020 (%)

The S&P 500 Index is an unmanaged index that includes 500 widely traded common stocks.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

The fund’s Morningstar category average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on their historical portfolio holdings. Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower. Since inception returns for the Morningstar fund category average are not available.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Performance of the other share classes will vary based on the difference in the fees and expenses of those classes. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and can be found at jhinvestments.com or by calling 800-225-5291. For further information on the fund’s objectives, risks, and strategy, see the fund’s prospectus.

2     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT

PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

The fund experienced weakness from sector positioning

The fund trailed its benchmark, the S&P 500 Index, largely due to an unhelpful overweight in the lagging real estate sector, even as an underweight in the weak-performing energy category contributed.

Security selection contributed

The fund benefited from favorable stock picking in the industrials and information technology sectors, which was partly offset by negative selection in healthcare and consumer discretionary.

Monitoring key ESG trends

At period end, we were paying particular attention to companies we believed could benefit from efforts to address climate change, as well as those we believed were sufficiently focused on racial justice issues.

SECTOR COMPOSITION AS OF 10/31/2020 (% of net assets)

A note about risks

The fund may be subject to various risks as described in the fund’s prospectus. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance. For example, the novel coronavirus disease (COVID-19) has resulted in significant disruptions to global business activity. The impact of a health crisis and other epidemics and pandemics that may arise in the future, could affect the global economy in ways that cannot necessarily be foreseen at the present time. A health crisis may exacerbate other pre-existing political, social, and economic risks. Any such impact could adversely affect the fund’s performance, resulting in losses to your investment. For more information, please refer to the “Principal risks” section of the prospectus.

ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     3

Manager’s discussion of fund performance

How did the fund perform during the 12 months ended October 31, 2020?

The fund modestly underperformed its benchmark, the S&P 500 Index, primarily due to sector allocation. The overweight in the real estate sector, which lagged the market, was a notable detractor; however, a relative underweight in the weak-performing energy sector contributed to returns. In the year’s third quarter, we fully eliminated the fund’s exposure to this sector, as we saw better investment opportunities elsewhere. Security selection was positive due to strong picks in the industrials and information technology sectors. Stock picking in healthcare and consumer discretionary partly offset negatives.

Which stocks contributed most to relative outperformance?

The fund’s top contributor was electronic payments company PayPal Holdings, Inc. This company has been among the big beneficiaries of a global shift from cash to electronic payments, a shift that has accelerated with the spread of COVID-19. Another contributor was Target Corp., a discount retailer that was well positioned in the early days of the pandemic. The company benefited from its ability to sell groceries and other goods when many of its competitors were forced to temporarily close. A successful transition to online ordering with in-person pickup and delivery services further helped Target thrive in the lockdown. Also adding value was Tractor Supply Company. Like Target, this rural-focused retail chain

TOP 10 HOLDINGS
AS OF 10/31/2020 (% of net assets)
Apple, Inc.	6.4
Microsoft Corp.	6.0
Alphabet, Inc., Class A	4.9
Mastercard, Inc., Class A	3.0
Target Corp.	2.7
Adobe, Inc.	2.5
PayPal Holdings, Inc.	2.4
NIKE, Inc., Class B	2.3
Trane Technologies PLC	2.2
Verizon Communications, Inc.	2.1
TOTAL	34.5
Cash and cash equivalents are not included.

4     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT

benefited from its status as an essential retailer during the lockdown. Tractor Supply also saw increased sales as customers, looking to improve their homes, took advantage of the company’s home and garden offerings.	MANAGED BY Cheryl I. Smith, Ph.D., CFA Elizabeth R. Levy, CFA
Which stocks detracted most?

One notable relative detractor was online retail giant Amazon.com, Inc., a strong-performing benchmark component the fund didn’t own for two reasons. First, Amazon’s labor and environmental practices don’t currently meet our standards. Second, the stock remained unattractively valued, in our opinion. KeyCorp was another detractor. Along with other regional banks, KeyCorp struggled amid lower interest rates, which tend to reduce the lending income banks can generate. Investors’ increased concern about customers’ credit quality also weighed on KeyCorp and other banks. Oil and gas pipeline company ONEOK, Inc. also detracted, as declining energy commodity prices weighed on the stock. We sold the fund’s holding in ONEOK during the period.

From an environmental, social, and governance perspective, what trends were you monitoring?

We evaluate companies we believe can benefit from the battle against climate change. Strong policy support in the European Union, coupled with rapid growth of the wind and solar energy industry in the United States, provided a favorable tailwind for many businesses.

Can you tell us about a recent change to the ownership of your company?

Effective June 30, 2020, Trillium Asset Management, LLC was purchased by Perpetual Limited. We will continue to manage the fund under the Trillium name.

The views expressed in this report are exclusively those of Cheryl I. Smith, Ph.D., CFA, and Elizabeth R. Levy, CFA, Trillium Asset Management, LLC, and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the fund for the entire period. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk.

ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     5

A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2020

	Average annual total returns (%) with maximum sales charge		Cumulative total returns (%) with maximum sales charge
	1-year	Since inception (6-6-16)	Since inception (6-6-16)
Class A	3.84	10.65	56.16
Class C	7.47	11.12	59.13
Class I1	9.58	12.23	66.24
Class R61	9.75	12.36	67.10
Index†	9.71	12.79	69.93

Performance figures assume all distributions have been reinvested. Figures reflect maximum sales charges on Class A shares of 5%, and the applicable contingent deferred sales charge (CDSC) on Class C shares. Class C shares sold within one year of purchase are subject to a 1% CDSC. Sales charges are not applicable to Class I and Class R6 shares.

The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the fund and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until February 28, 2021 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:

	Class A	Class C	Class I	Class R6
Gross (%)	1.48	2.23	1.23	1.12
Net (%)	1.18	1.93	0.93	0.82

Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.

The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the fund’s website at jhinvestments.com.

The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The fund’s performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.

^†  Index is the S&P 500 Index.

See the following page for footnotes.

6     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT

This chart and table show what happened to a hypothetical $10,000 investment in John Hancock ESG Large Cap Core Fund for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in the S&P 500 Index.

	Start date		With maximum sales charge ($)		Without sales charge ($)		Index ($)
Class C2		6-6-16		15,913		15,913		16,993
Class I1		6-6-16		16,624		16,624		16,993
Class R61		6-6-16		16,710		16,710		16,993

The S&P 500 Index is an unmanaged index that includes 500 widely traded common stocks.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

Footnotes related to performance pages

^{1  For certain types of investors, as described in the fund’s prospectus.}

²  The contingent deferred sales charge is not applicable.

ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     7

Your expenses

These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds.

Understanding fund expenses

As a shareholder of the fund, you incur two types of costs:

∎ Transaction costs, which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc.

∎ Ongoing operating expenses, including management fees, distribution and service fees (if applicable), and other fund expenses.

We are presenting only your ongoing operating expenses here.

Actual expenses/actual returns

The first line of each share class in the table on the following page is intended to provide information about the fund’s actual ongoing operating expenses, and is based on the fund’s actual return. It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020.

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at October 31, 2020, by $1,000.00, then multiply it by the “expenses paid” for your share class from the table. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

Hypothetical example for comparison purposes

The second line of each share class in the table on the following page allows you to compare the fund’s ongoing operating expenses with those of any other fund. It provides an example of the fund’s hypothetical account values and hypothetical expenses based on each class’s actual expense ratio and an assumed 5% annualized return before expenses (which is not the class’s actual return). It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

8     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT

Remember, these examples do not include any transaction costs, therefore, these examples will not help you to determine the relative total costs of owning different funds. If transaction costs were included, your expenses would have been higher. See the prospectus for details regarding transaction costs.

SHAREHOLDER EXPENSE EXAMPLE CHART

		Account value on 5-1-2020		Ending value on 10-31-2020		Expenses paid during period ended 10-31-20201		Annualized expense ratio
Class A	Actual expenses/actual returns		$1,000.00		$1,156.10		$  6.40		1.18%
	Hypothetical example		1,000.00		1,019.20		5.99		1.18%
Class C	Actual expenses/actual returns		1,000.00		1,151.70		10.44		1.93%
	Hypothetical example		1,000.00		1,015.40		9.78		1.93%
Class I	Actual expenses/actual returns		1,000.00		1,157.30		5.04		0.93%
	Hypothetical example		1,000.00		1,020.50		4.72		0.93%
Class R6	Actual expenses/actual returns		1,000.00		1,157.90		4.45		0.82%
	Hypothetical example		1,000.00		1,021.00		4.17		0.82%

¹  Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period).

ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     9

Fund’s investments

AS OF 10-31-20

	Shares		Value
Common stocks 98.5%			$64,440,890
(Cost $48,537,023)
Communication services 8.0%			5,243,196
Diversified telecommunication services 2.1%
Verizon Communications, Inc.		24,139	1,375,682
Interactive media and services 4.9%
Alphabet, Inc., Class A (A)		1,998	3,228,988
Media 1.0%
The New York Times Company, Class A		16,100	638,526
Consumer discretionary 12.5%			8,136,402
Hotels, restaurants and leisure 1.3%
Starbucks Corp.		9,662	840,208
Internet and direct marketing retail 1.0%
Booking Holdings, Inc. (A)		418	678,205
Multiline retail 2.7%
Target Corp.		11,330	1,724,653
Specialty retail 5.2%
The Home Depot, Inc.		4,345	1,158,855
The TJX Companies, Inc.		22,765	1,156,462
Tractor Supply Company		8,324	1,108,840
Textiles, apparel and luxury goods 2.3%
NIKE, Inc., Class B		12,235	1,469,179
Consumer staples 7.0%			4,592,801
Food and staples retailing 2.9%
Costco Wholesale Corp.		3,040	1,087,165
Sysco Corp.		14,424	797,791
Food products 1.0%
McCormick & Company, Inc.		3,754	677,635
Household products 1.5%
The Procter & Gamble Company		7,316	1,003,024
Personal products 1.6%
Unilever NV, NYRS		18,161	1,027,186
Financials 8.5%			5,572,965
Banks 5.2%
Bank of America Corp.		48,677	1,153,645
First Republic Bank		7,507	946,933
KeyCorp		66,594	864,390
The PNC Financial Services Group, Inc.		3,806	425,815

10     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Shares		Value
Financials (continued)
Capital markets 1.0%
The Bank of New York Mellon Corp.		19,133	$657,410
Insurance 2.3%
Aflac, Inc.		15,501	526,259
The Travelers Companies, Inc.		8,272	998,513
Health care 13.1%			8,566,297
Health care equipment and supplies 4.5%
Baxter International, Inc.		15,432	1,197,060
Becton, Dickinson and Company		2,068	477,977
Medtronic PLC		6,239	627,456
Stryker Corp.		3,023	610,676
Health care providers and services 3.1%
Anthem, Inc.		3,336	910,061
CVS Health Corp.		10,705	600,443
Quest Diagnostics, Inc.		4,415	539,248
Life sciences tools and services 2.2%
Illumina, Inc. (A)		1,773	518,957
IQVIA Holdings, Inc. (A)		6,083	936,721
Pharmaceuticals 3.3%
AstraZeneca PLC, ADR		17,621	883,869
Merck & Company, Inc.		16,804	1,263,829
Industrials 11.3%			7,413,915
Air freight and logistics 1.6%
United Parcel Service, Inc., Class B		6,726	1,056,722
Building products 2.2%
Trane Technologies PLC		11,000	1,460,250
Commercial services and supplies 0.9%
Waste Management, Inc.		5,613	605,699
Electrical equipment 3.0%
Eaton Corp. PLC		9,889	1,026,379
Rockwell Automation, Inc.		3,840	910,541
Machinery 2.6%
Deere & Company		4,797	1,083,690
Xylem, Inc.		6,934	604,229
Road and rail 1.0%
JB Hunt Transport Services, Inc.		5,474	666,405
Information technology 30.3%			19,821,760
Communications equipment 0.8%
Cisco Systems, Inc.		13,607	488,491

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     11

				Shares		Value
Information technology (continued)
IT services 5.4%
Mastercard, Inc., Class A					6,951	$2,006,337
PayPal Holdings, Inc. (A)					8,359	1,555,861
Semiconductors and semiconductor equipment 5.6%
ASML Holding NV, NYRS					2,138	772,267
First Solar, Inc. (A)					6,222	541,594
NVIDIA Corp.					1,582	793,152
NXP Semiconductors NV					4,171	563,586
Texas Instruments, Inc.					6,656	962,391
Software 12.1%
Adobe, Inc. (A)					3,597	1,608,219
Autodesk, Inc. (A)					5,022	1,182,882
Microsoft Corp.					19,290	3,905,646
Palo Alto Networks, Inc. (A)					3,354	741,871
salesforce.com, Inc. (A)					2,086	484,515
Technology hardware, storage and peripherals 6.4%
Apple, Inc.					38,719	4,214,948
Materials 2.1%						1,383,852
Chemicals 2.1%
Ecolab, Inc.					4,049	743,356
International Flavors & Fragrances, Inc.					6,239	640,496
Real estate 3.8%						2,485,017
Equity real estate investment trusts 3.2%
American Tower Corp.					4,814	1,105,535
AvalonBay Communities, Inc.					2,312	321,669
Prologis, Inc.					6,761	670,691
Real estate management and development 0.6%
CBRE Group, Inc., Class A (A)					7,681	387,122
Utilities 1.9%						1,224,685
Electric utilities 0.8%
Avangrid, Inc.					9,871	487,035
Water utilities 1.1%
American Water Works Company, Inc.					4,901	737,650
	Yield (%)			Shares		Value
Short-term investments 1.0%						$633,727
(Cost $633,727)
Short-term funds 1.0%						633,727
Federated Government Obligations Fund, Institutional Class		0.0100	(B)		633,727	633,727

12     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Total investments (Cost $49,170,750) 99.5%	$	65,074,617
Other assets and liabilities, net 0.5%		324,692
Total net assets 100.0%	$	65,399,309

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

Security Abbreviations and Legend

ADR	American Depositary Receipt
NYRS	New York Registry Shares
(A)	Non-income producing security.
(B)	The rate shown is the annualized seven-day yield as of 10-31-20.

At 10-31-20, the aggregate cost of investments for federal income tax purposes was $49,335,591. Net unrealized appreciation aggregated to $15,739,026, of which $17,235,883 related to gross unrealized appreciation and $1,496,857 related to gross unrealized depreciation.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     13

Financial statements

STATEMENT OF ASSETS AND LIABILITIES 10-31-20
Assets
Unaffiliated investments, at value (Cost $49,170,750)	$65,074,617
Dividends and interest receivable	59,473
Receivable for fund shares sold	311,412
Receivable from affiliates	499
Other assets	32,246
Total assets	65,478,247
Liabilities
Payable for fund shares repurchased	327
Payable to affiliates
Accounting and legal services fees	2,597
Transfer agent fees	6,635
Trustees’ fees	61
Other liabilities and accrued expenses	69,318
Total liabilities	78,938
Net assets	$65,399,309
Net assets consist of
Paid-in capital	$47,769,133
Total distributable earnings (loss)	17,630,176
Net assets	$65,399,309
Net asset value per share
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value
Class A ($5,231,486 ÷ 334,712 shares)1	$15.63
Class C ($1,692,742 ÷ 110,362 shares)1	$15.34
Class I ($57,501,279 ÷ 3,669,000 shares)	$15.67
Class R6 ($973,802 ÷ 62,077 shares)	$15.69
Maximum offering price per share
Class A (net asset value per share ÷ 95%)2	$16.45

¹  Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

²  On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.

14     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

STATEMENT OF OPERATIONS For the year ended 10-31-20
Investment income
Dividends	$1,011,102
Interest	5,505
Less foreign taxes withheld	(971	)
Total investment income	1,015,636
Expenses
Investment management fees	481,491
Distribution and service fees	46,081
Accounting and legal services fees	11,875
Transfer agent fees	78,393
Trustees’ fees	1,152
Custodian fees	32,523
State registration fees	71,213
Printing and postage	22,929
Professional fees	61,836
Other	15,598
Total expenses	823,091
Less expense reductions	(178,551	)
Net expenses	644,540
Net investment income	371,096
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments	1,710,254
	1,710,254
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments	3,164,355
	3,164,355
Net realized and unrealized gain	4,874,609
Increase in net assets from operations	$5,245,705

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     15

STATEMENTS OF CHANGES IN NET ASSETS
	Year ended			Year ended
	10-31-20			10-31-19
Increase (decrease) in net assets
From operations
Net investment income		$371,096			$414,551
Net realized gain		1,710,254			556,503
Change in net unrealized appreciation (depreciation)		3,164,355			7,312,289
Increase in net assets resulting from operations		5,245,705			8,283,343
Distributions to shareholders
From earnings
Class A		(126,313	)		(132,155	)
Class C		(20,436	)		(27,487	)
Class I		(776,655	)		(966,307	)
Class R6		(28,490	)		(35,007	)
Total distributions		(951,894	)		(1,160,956	)
From fund share transactions		(3,736,077	)		5,982,348
Total increase		557,734			13,104,735
Net assets
Beginning of year		64,841,575			51,736,840
End of year		$65,399,309			$64,841,575

16     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Financial highlights

CLASS A SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-161
Per share operating performance
Net asset value, beginning of period		$14.48			$12.79			$11.81			$10.11			$10.00
Net investment income2		0.06			0.07			0.06			0.07			0.04
Net realized and unrealized gain (loss) on investments		1.28			1.88			1.04			1.71			0.07
Total from investment operations		1.34			1.95			1.10			1.78			0.11
Less distributions
From net investment income		(0.07	)		(0.05	)		(0.03	)		(0.08	)		—
From net realized gain		(0.12	)		(0.21	)		(0.09	)		—			—
Total distributions		(0.19	)		(0.26	)		(0.12	)		(0.08	)		—
Net asset value, end of period		$15.63			$14.48			$12.79			$11.81			$10.11
Total return (%)3,4		9.29			15.59			9.41			17.68			1.10	5
Ratios and supplemental data
Net assets, end of period (in millions)		$5			$9			$6			$6			$4
Ratios (as a percentage of average net assets):
Expenses before reductions		1.46			1.47			1.55			2.23			2.73	6
Expenses including reductions		1.18			1.18			1.17			1.18			1.19	6
Net investment income		0.43			0.54			0.46			0.59			0.64	6,7
Portfolio turnover (%)		30			21			22			17			23

¹  Period from 6-6-16 (commencement of operations) to 10-31-16.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Does not reflect the effect of sales charges, if any.

⁵  Not annualized.

⁶  Annualized.

⁷  A portion of income is presented unannualized.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     17

CLASS C SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-161
Per share operating performance
Net asset value, beginning of period		$14.26			$12.64			$11.73			$10.08			$10.00
Net investment income (loss)2		(0.05	)		(0.03	)		(0.04	)		(0.02	)		0.01
Net realized and unrealized gain (loss) on investments		1.25			1.86			1.04			1.70			0.07
Total from investment operations		1.20			1.83			1.00			1.68			0.08
Less distributions
From net investment income		—			—			—			(0.03	)		—
From net realized gain		(0.12	)		(0.21	)		(0.09	)		—			—
Total distributions		(0.12	)		(0.21	)		(0.09	)		(0.03	)		—
Net asset value, end of period		$15.34			$14.26			$12.64			$11.73			$10.08
Total return (%)3,4		8.47			14.78			8.61			16.75			0.80	5
Ratios and supplemental data
Net assets, end of period (in millions)		$2			$2			$2			$1			$1
Ratios (as a percentage of average net assets):
Expenses before reductions		2.21			2.22			2.30			2.98			3.48	6
Expenses including reductions		1.93			1.93			1.92			1.93			1.94	6
Net investment loss		(0.34	)		(0.21	)		(0.30	)		(0.16	)		(0.11	)6,7
Portfolio turnover (%)		30			21			22			17			23

1 Period from 6-6-16 (commencement of operations) to 10-31-16.

2 Based on average daily shares outstanding.

3 Total returns would have been lower had certain expenses not been reduced during the applicable periods.

4 Does not reflect the effect of sales charges, if any.

5 Not annualized.

6 Annualized.

7 A portion of income is presented unannualized.

18     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS I SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-161
Per share operating performance
Net asset value, beginning of period		$14.51			$12.82			$11.84			$10.12			$10.00
Net investment income2		0.10			0.11			0.09			0.08			0.05
Net realized and unrealized gain (loss) on investments		1.28			1.87			1.04			1.73			0.07
Total from investment operations		1.38			1.98			1.13			1.81			0.12
Less distributions
From net investment income		(0.10	)		(0.08	)		(0.06	)		(0.09	)		—
From net realized gain		(0.12	)		(0.21	)		(0.09	)		—			—
Total distributions		(0.22	)		(0.29	)		(0.15	)		(0.09	)		—
Net asset value, end of period		$15.67			$14.51			$12.82			$11.84			$10.12
Total return (%)3		9.58			15.86			9.64			18.02			1.20	4
Ratios and supplemental data
Net assets, end of period (in millions)		$58			$51			$42			$30			$9
Ratios (as a percentage of average net assets):
Expenses before reductions		1.21			1.23			1.31			1.97			2.47	5
Expenses including reductions		0.93			0.93			0.93			0.92			0.92	5
Net investment income		0.64			0.79			0.69			0.69			0.88	5,6
Portfolio turnover (%)		30			21			22			17			23

¹  Period from 6-6-16 (commencement of operations) to 10-31-16.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Not annualized.

⁵  Annualized.

⁶  A portion of income is presented unannualized.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     19

CLASS R6 SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-17			10-31-161
Per share operating performance
Net asset value, beginning of period		$14.52			$12.83			$11.85			$10.13			$10.00
Net investment income2		0.12			0.12			0.10			0.11			0.06
Net realized and unrealized gain (loss) on investments		1.28			1.87			1.04			1.71			0.07
Total from investment operations		1.40			1.99			1.14			1.82			0.13
Less distributions
From net investment income		(0.11	)		(0.09	)		(0.07	)		(0.10	)		—
From net realized gain		(0.12	)		(0.21	)		(0.09	)		—			—
Total distributions		(0.23	)		(0.30	)		(0.16	)		(0.10	)		—
Net asset value, end of period		$15.69			$14.52			$12.83			$11.85			$10.13
Total return (%)3		9.75			15.97			9.76			18.09			1.30	4
Ratios and supplemental data
Net assets, end of period (in millions)		$1			$2			$1			$1			$1
Ratios (as a percentage of average net assets):
Expenses before reductions		1.10			1.12			1.20			1.87			2.38	5
Expenses including reductions		0.82			0.82			0.82			0.81			0.81	5
Net investment income		0.77			0.90			0.80			0.97			0.99	5,6
Portfolio turnover (%)		30			21			22			17			23

¹  Period from 6-6-16 (commencement of operations) to 10-31-16.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Not annualized.

⁵  Annualized.

⁶  A portion of income is presented unannualized.

20     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Notes to financial statements

Note 1 — Organization

John Hancock ESG Large Cap Core Fund (the fund) is a series of John Hancock Investment Trust (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective of the fund is to seek long-term capital appreciation.

The fund may offer multiple classes of shares. The shares currently outstanding are detailed in the Statement of assets and liabilities. Class A and Class C shares are offered to all investors. Class I shares are offered to institutions and certain investors. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class C shares convert to Class A shares ten years after purchase (certain exclusions may apply). Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.

Effective November 1, 2020, Class C shares convert to Class A shares eight years after purchase (certain exclusions may apply).

Note 2 — Significant accounting policies

The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of US GAAP.

Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the fund:

Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the fund’s Valuation Policies and Procedures.

In order to value the securities, the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds are valued at their respective NAVs each business day.

In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund’s Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.

The fund uses a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other

ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     21

significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund’s own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

As of October 31, 2020, all investments are categorized as Level 1 under the hierarchy described above.

Real estate investment trusts. The fund may invest in real estate investment trusts (REITs). Distributions from REITs may be recorded as income and subsequently characterized by the REIT at the end of the fiscal year as a reduction of cost of investments and/or as a realized gain. As a result, the fund will estimate the components of distributions from these securities. Such estimates are revised when the actual components of the distributions are known.

Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Dividend income is recorded on the ex- date, except for dividends of certain foreign securities where the dividend may not be known until after the ex- date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Non- cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.

Foreign taxes. The fund may be subject to withholding tax on income, capital gains or repatriations imposed by certain countries, a portion of which may be recoverable. Foreign taxes are accrued based upon the fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued based on gains realized by the fund as a result of certain foreign security sales. In certain circumstances, estimated taxes are accrued based on unrealized appreciation of such securities. Investment income is recorded net of foreign withholding taxes.

Overdraft. The fund may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the fund’s custodian agreement, the custodian may loan money to the fund to make properly authorized payments. The fund is obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.

Line of credit. Effective June 25, 2020, the fund and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, the fund can borrow up to an aggregate commitment amount of $850 million, subject to asset coverage and other limitations as specified in the agreement. Each participating fund paid an upfront fee in connection with this line of credit agreement, which is charged based on a combination of fixed and asset-based allocations and amortized over 365 days. Prior to June 25, 2020, the fund and other affiliated funds had a similar agreement that enabled them to participate in a $750 million unsecured committed line of credit. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of the line of credit, is charged to each participating fund based on a combination of fixed and asset-based allocations

22     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT

and is reflected in Other expenses on the Statement of operations. For the year ended October 31, 2020, the fund had no borrowings under the line of credit. Commitment fees, including upfront fees, for the year ended October 31, 2020 were $3,613.

Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund’s relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the fund level and allocated daily to each class of shares based on the net assets of the class. Class- specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.

Federal income taxes. The fund intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

As of October 31, 2020, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund’s federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.

Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex- date. The fund generally declares and pays dividends annually. Capital gain distributions, if any, are typically distributed annually.

The tax character of distributions for the years ended October 31, 2020 and 2019 was as follows:

	October 31, 2020		October 31, 2019
Ordinary income		$396,887		$528,483
Long-term capital gains		555,007		632,473
Total		$951,894		$1,160,956

Distributions paid by the fund with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class. As of October 31, 2020, the components of distributable earnings on a tax basis consisted of $290,658 of undistributed ordinary income and $1,600,493 of undistributed long-term capital gains.

Such distributions and distributable earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund’s financial statements as a return of capital.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book- tax differences are primarily attributable to wash sale loss deferrals and treating a portion of the proceeds from redemptions as distributions for tax purposes.

ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     23

Note 3 — Guarantees and indemnifications

Under the Trust’s organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the fund. Additionally, in the normal course of business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.

Note 4 — Fees and transactions with affiliates

John Hancock Investment Management LLC (the Advisor) serves as investment advisor for the fund. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the fund. The Advisor and the Distributor are indirect, principally owned subsidiaries of Manulife Financial Corporation.

Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor equivalent on an annual basis to the sum of: a) 0.750% of the first $250 million of the fund’s average daily net assets; b) 0.725% of the next $250 million of the fund’s average daily net assets; c) 0.700% of the next $500 million of the fund’s average daily net assets; and d) 0.700% of the fund’s average daily net assets in excess of $1 billion. If net assets exceed $1 billion, then the advisory fee to be paid is 0.700% on all asset levels of average daily net assets. The Advisor has a subadvisory agreement with Trillium Asset Management, LLC. The fund is not responsible for payment of the subadvisory fees.

The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the year ended October 31, 2020, this waiver amounted to 0.01% of the fund’s average daily net assets. This arrangement expires on July 31, 2022, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

The Advisor has contractually agreed to reduce its management fee or, if necessary, make payment to the fund in an amount equal to the amount by which expenses of the fund exceed 0.81% of average daily net assets of the fund. Expenses of the fund means all expenses of the fund, excluding taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the fund’s business, class- specific expenses, borrowing costs, prime brokerage fees, acquired fund fees and expenses paid indirectly, and short dividend expense. The expense limitation expires on February 28, 2021, unless renewed by mutual agreement of the Advisor and the fund based upon a determination that this is appropriate under the circumstances at that time.

For the year ended October 31, 2020, the expense reductions described above amounted to the following:

Class	Expense reduction
Class A		$22,585
Class C		6,868
Class I		145,877

Class	Expense reduction
Class R6		$3,221
Total		$178,551

Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.

The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended October 31, 2020, were equivalent to a net annual effective rate of 0.47% of the fund’s average daily net assets.

24     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT

Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the year ended October 31, 2020, amounted to an annual rate of 0.02% of the fund’s average daily net assets.

Distribution and service plans. The fund has a distribution agreement with the Distributor. The fund has adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the fund. The fund may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the fund’s shares:

Class	Rule 12b-1 Fee
Class A		0.25	%
Class C		1.00	%

Sales charges. Class A shares are assessed up-front sales charges, which resulted in payments to the Distributor amounting to $14,568 for the year ended October 31, 2020. Of this amount, $2,395 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $12,173 was paid as sales commissions to broker-dealers.

Class A and Class C shares may be subject to contingent deferred sales charges (CDSCs). Certain Class A shares that are acquired through purchases of $1 million or more and are redeemed within one year of purchase are subject to a 1.00% sales charge. Class C shares that are redeemed within one year of purchase are subject to a 1.00% CDSC. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the Distributor for providing distribution-related services in connection with the sale of these shares. During the year ended October 31, 2020, there were no CDSCs received by the Distributor for Class A and Class C shares.

Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.

Class level expenses. Class level expenses for the year ended October 31, 2020 were as follows:

Class	Distribution and service fees		Transfer agent fees
Class A		$20,904		$10,440
Class C		25,177		3,130
Class I		—		64,667
Class R6		—		156
Total		$46,081		$78,393

ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     25

Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to the fund based on its net assets relative to other funds within the John Hancock group of funds complex.

Note 5—Fund share transactions

Transactions in fund shares for the years ended October 31, 2020 and 2019 were as follows:

	Year Ended 10-31-20						Year Ended 10-31-19
	Shares			Amount			Shares			Amount
Class A shares
Sold		285,756			$4,057,555			211,879			$2,880,389
Distributions reinvested		2,584			38,557			2,034			24,757
Repurchased		(607,335	)		(8,774,789	)		(60,947	)		(825,851	)
Net increase (decrease)		(318,995	)		$(4,678,677	)		152,966			$2,079,295
Class C shares
Sold		60,115			$861,858			51,342			$634,793
Distributions reinvested		637			9,389			711			8,570
Repurchased		(116,588	)		(1,768,118	)		(8,096	)		(104,790	)
Net increase (decrease)		(55,836	)		$(896,871	)		43,957			$538,573
Class I shares
Sold		847,303			$12,574,040			1,135,273			$15,185,714
Distributions reinvested		16,769			250,361			22,482			273,605
Repurchased		(725,824	)		(10,171,451	)		(926,533	)		(12,175,390	)
Net increase		138,248			$2,652,950			231,222			$3,283,929
Class R6 shares
Sold		39,740			$538,213			6,846			$91,746
Distributions reinvested		501			7,482			653			7,949
Repurchased		(100,119	)		(1,359,174	)		(1,350	)		(19,144	)
Net increase (decrease)		(59,878	)		$(813,479	)		6,149			$80,551
Total net increase (decrease)		(296,461	)		$(3,736,077	)		434,294			$5,982,348

Affiliates of the fund owned 66% of shares of Class I on October 31, 2020. Such concentration of shareholders’ capital could have a material effect on the fund if such shareholders redeem from the fund.

Note 6 — Purchase and sale of securities

Purchases and sales of securities, other than short-term investments, amounted to $19,148,127 and $22,880,018, respectively, for the year ended October 31, 2020.

Note 7 — Industry or sector risk

The fund may invest a large percentage of its assets in one or more particular industries or sectors of the economy. If a large percentage of the fund’s assets are economically tied to a single or small number of industries or sectors of the economy, the fund will be less diversified than a more broadly diversified fund, and it may cause the fund to

26     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT

underperform if that industry or sector underperforms. In addition, focusing on a particular industry or sector may make the fund’s NAV more volatile. Further, a fund that invests in particular industries or sectors is particularly susceptible to the impact of market, economic, regulatory and other factors affecting those industries or sectors.

Note 8 — Coronavirus (COVID-19) pandemic

The novel COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance.

ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     27

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of John Hancock Investment Trust and Shareholders of John Hancock ESG Large Cap Core Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the fund’s investments, of John Hancock ESG Large Cap Core Fund (one of the funds constituting John Hancock Investment Trust, referred to hereafter as the “Fund”) as of October 31, 2020, the related statement of operations for the year ended October 31, 2020, the statements of changes in net assets for each of the two years in the period ended October 31, 2020, including the related notes, and the financial highlights for each of the four years in the period ended October 31, 2020 and for the period June 6, 2016 (commencement of operations) through October 31, 2016 (collectively referred to as the ”financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2020, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2020 and the financial highlights for each of the four years in the period ended October 31, 2020 and for the period June 6, 2016 (commencement of operations) through October 31, 2016 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian and transfer agent. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 16, 2020

We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.

28     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT

Tax information (Unaudited)

For federal income tax purposes, the following information is furnished with respect to the distributions of the fund, if any, paid during its taxable year ended October 31, 2020.

The fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.

The fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

The fund paid $767,238 in long term capital gain dividends.

The fund reports the maximum amount allowable of its Section 199A dividends as defined in Proposed Treasury Regulation §1.199A-3(d).

Eligible shareholders will be mailed a 2020 Form 1099-DIV in early 2021. This will reflect the tax character of all distributions paid in calendar year 2020.

Please consult a tax advisor regarding the tax consequences of your investment in the fund.

ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     29

Continuation of Investment Advisory Agreement and Approval of Subadvisory Agreement

Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees

This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Investment Trust (the Trust) of the Advisory Agreement (the Advisory Agreement) with John Hancock Investment Management LLC (the Advisor) and the Subadvisory Agreement (the Subadvisory Agreement) with Trillium Asset Management, LLC (the Subadvisor), for John Hancock ESG Large Cap Core Fund (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 23-25, 2020 telephonic¹ meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a telephonic meeting held on May 26-27, 2020.

Approval of New Subadvisory Agreement with Respect to Subadvisory Change in Control

At a telephonic meeting on June 23- 25, 2020, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees), approved the new Subadvisory Agreement with the Subadvisor subject to the change in control which later took place on June 30, 2020. The Board noted that the new Subadvisory Agreement reflected the change in control with the Subadvisor after it sold a majority ownership stake to Perpetual Limited. The Board also noted that under the new Subadvisory Agreement, the subadvisory fee that the Advisor currently pays to the Subadvisor would not change and no changes are expected in the Subadvisor’s personnel or operations, or its investment approach with respect to the fund’s portfolio management.

Approval of Advisory and Subadvisory Agreements

At a telephonic meeting held on June 23-25, 2020, the Board, including the Independent Trustees, reapproved for an annual period the continuation of the Advisory Agreement between the Trust and the Advisor and the Subadvisory Agreement between the Advisor and the Subadvisor with respect to the fund.

In considering the Advisory Agreement and the Subadvisory Agreement, the Board received in advance of the meetings a variety of materials relating to the fund, the Advisor and the Subadvisor, including comparative performance, fee and expense information for a peer group of similar funds prepared by an independent third-party provider of fund data, performance information for an applicable benchmark index; and, with respect to the Subadvisor, comparative performance information for comparably managed accounts, as applicable, and other information provided by the Advisor and the Subadvisor regarding the nature, extent and quality of services provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor’s revenues and costs of providing services to the fund and any compensation paid to affiliates of the Advisor. At the meetings at which the renewal of the Advisory Agreement and Subadvisory Agreement are considered, particular focus is given to information concerning fund performance, comparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisor is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to the fund, including quarterly performance reports prepared by management containing reviews of investment results and prior presentations from the Subadvisor with respect

¹On March 25, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pandemic, the Securities and Exchange Commission issued an exemptive order (the ”Order”) pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the “1940 Act”), that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board’s May and June meetings were held telephonically in reliance on the Order.

30     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT

to the fund. The information received and considered by the Board in connection with the May and June meetings and throughout the year was both written and oral. The Board also considered the nature, quality, and extent of non-advisory services, if any, to be provided to the fund by the Advisor’s affiliates, including distribution services. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the fund.

Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from their independent legal counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.

Approval of Advisory Agreement

In approving the Advisory Agreement with respect to the fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets, and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board’s conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board’s ongoing regular review of fund performance and operations throughout the year.

Nature, extent, and quality of services. Among the information received by the Board from the Advisor relating to the nature, extent, and quality of services provided to the fund, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor’s compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust’s Chief Compliance Officer (CCO) regarding the fund’s compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the fund’s compliance programs, risk management programs, liquidity management programs and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the fund, including, but not limited to, general supervision of and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and other third-party service providers. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the fund including entrepreneurial risk in sponsoring new funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.

In considering the nature, extent, and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor’s management and the quality of the performance of the Advisor’s duties, through Board meetings, discussions and reports during the preceding year and through each Trustee’s experience as a Trustee of the Trust and of the other trusts in the John Hancock group of funds complex (the John Hancock Fund Complex).

In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:

(a) the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment

ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     31

performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues;

(b) the background, qualifications and skills of the Advisor’s personnel;

(c) the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments;

(d) the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund;

(e) the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund;

(f) the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and

(g) the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments.

The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the fund.

Investment performance. In considering the fund’s performance, the Board noted that it reviews at its regularly scheduled meetings information about the fund’s performance results. In connection with the consideration of the Advisory Agreement, the Board:

(a) reviewed information prepared by management regarding the fund’s performance;

(b) considered the comparative performance of an applicable benchmark index;

(c) considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and

(d) took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally.

The Board noted that while it found the data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on the end date selected and the results of the performance comparisons may vary depending on the selection of the peer group. The Board noted that the fund underperformed its benchmark index for the one- and three-year periods ended December 31, 2019. The Board also noted that the fund outperformed its peer group median for the one- and three-year periods ended December 31, 2019. The Board took into account management’s discussion of the fund’s performance, including the favorable performance relative to the peer group median for the one- and three-year periods. The Board concluded that the fund’s performance has generally been in line with or outperformed the historical performance of comparable funds.

Fees and expenses. The Board reviewed comparative information prepared by an independent third-party provider of fund data, including, among other data, the fund’s contractual and net management fees (and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the fund in light of the nature, extent and quality of the management and advisory and subadvisory services provided by the Advisor and the Subadvisor. The Board considered the fund’s ranking within a smaller

32     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT

group of peer funds chosen by the independent third-party provider, as well as the fund’s ranking within a broader group of funds. In comparing the fund’s contractual and net management fees to those of comparable funds, the Board noted that such fees include both advisory and administrative costs. The Board noted that net management fees for the fund are lower than the peer group median and net total expenses for the fund are higher than the peer group median.

The Board took into account management’s discussion of the fund’s expenses. The Board also took into account management’s discussion with respect to the overall management fee and the fees of the Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fee, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor pays the subadvisory fee, and that such fees are negotiated at arm’s length with respect to the Subadvisor. In addition, the Board took into account that management had agreed to implement an overall fee waiver across the complex, including the fund, which is discussed further below. The Board also noted actions taken over the past several years to reduce the fund’s operating expenses. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to the fund and that the fund has breakpoints in its contractual management fee schedule that reduce management fees as assets increase. The Board reviewed information provided by the Advisor concerning the investment advisory fee charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the John Hancock Fund Complex) having similar investment mandates, if any. The Board considered any differences between the Advisor’s and Subadvisor’s services to the fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fee paid with respect to the fund is reasonable in light of the nature, extent and quality of the services provided to the fund under the Advisory Agreement.

Profitability/Fall out benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates from the Advisor’s relationship with the Trust, the Board:

(a) reviewed financial information of the Advisor;

(b) reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund;

(c) received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund;

(d) received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies;

(e) considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board;

(f) considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement;

(g) noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund;

(h) noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund;

(i) noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length;

ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     33

(j) considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and

(k) considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk.

Based upon its review, the Board concluded that the level of profitability, if any, of the Advisor and its affiliates from their relationship with the fund was reasonable and not excessive.

Economies of scale. In considering the extent to which economies of scale would be realized as the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders, the Board:

(a) considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund;

(b) reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and

(c) the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale.

Approval of Subadvisory Agreement

In making its determination with respect to approval of the Subadvisory Agreement, the Board reviewed:

(1) information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex);

(2) the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds;

(3) the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data; and

(4) information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor.

Nature, extent, and quality of services. With respect to the services provided by the Subadvisor, the Board received information provided to the Board by the Subadvisor, including the Subadvisor’s Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor’s current level of staffing and its overall resources, as well as received information relating to the Subadvisor’s compensation program. The Board reviewed the Subadvisor’s history and investment experience, as well as information regarding the qualifications, background, and responsibilities of the Subadvisor’s investment and compliance personnel who provide services to the fund. The Board also considered, among other things, the Subadvisor’s compliance program

34     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT

and any disciplinary history. The Board also considered the Subadvisor’s risk assessment and monitoring process. The Board reviewed the Subadvisor’s regulatory history, including whether it was involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular, periodic reviews of the Subadvisor and its operations, including regarding investment processes and organizational and staffing matters. The Board also noted that the Trust’s CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.

The Board considered the Subadvisor’s investment process and philosophy. The Board took into account that the Subadvisor’s responsibilities include the development and maintenance of an investment program for the fund that is consistent with the fund’s investment objective, the selection of investment securities and the placement of orders for the purchase and sale of such securities, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to the Subadvisor’s brokerage policies and practices, including with respect to best execution and soft dollars.

Subadvisor compensation. In considering the cost of services to be provided by the Subadvisor and the profitability to the Subadvisor of its relationship with the fund, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the fund.

The Board also relied on the ability of the Advisor to negotiate the Subadvisory Agreement with the Subadvisor, which is not affiliated with the Advisor, and the fees thereunder at arm’s length. As a result, the costs of the services to be provided and the profits to be realized by the Subadvisor from its relationship with the Trust were not a material factor in the Board’s consideration of the Subadvisory Agreement.

The Board also received information regarding the nature and scope (including their significance to the Advisor and its affiliates and to the Subadvisor) of any material relationships with respect to the Subadvisor, which include arrangements in which the Subadvisor or its affiliates provide advisory, distribution, or management services in connection with financial products sponsored by the Advisor or its affiliates, and may include other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans. The Board also received information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.

In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor’s relationship with the fund, such as the opportunity to provide advisory services to additional funds in the John Hancock Fund Complex and reputational benefits.

Subadvisory fees. The Board considered that the fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. As noted above, the Board also considered the fund’s subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the fund as included in the report prepared by the independent third party provider of fund data, to the extent available. The Board noted that the limited size of the Lipper peer group was not sufficient for comparative purposes. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the fund and compared them to fees charged by the Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.

Subadvisor performance. As noted above, the Board considered the fund’s performance as compared to the fund’s peer group and the benchmark index and noted that the Board reviews information about the fund’s performance results at its regularly scheduled meetings. The Board noted the Advisor’s expertise and resources in monitoring the performance, investment style and risk-adjusted performance of the Subadvisor. The Board was mindful of the Advisor’s focus on the Subadvisor’s performance. The Board also noted the Subadvisor’s long-term performance record for similar accounts, as applicable.

ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     35

The Board’s decision to approve the Subadvisory Agreement was based on a number of determinations, including the following:

(1) the Subadvisor has extensive experience and demonstrated skills as a manager;

(2) the performance of the fund has generally been in line with or outperformed the historical performance of comparable funds;

(3) the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and

(4) noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows.

*  *  *

Based on the Board’s evaluation of all factors that the Board deemed to be material, including those factors described above, the Board, including the Independent Trustees, concluded that renewal of the Advisory Agreement and the Subadvisory Agreement would be in the best interest of the fund and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement for an additional one-year period.

36     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT

Trustees and Officers

This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the fund and execute policies formulated by the Trustees.

Independent Trustees

Name, year of birth	Trustee	Number of John
Position(s) held with Trust	of the	Hancock funds
Principal occupation(s) and other	Trust	overseen by
directorships during past 5 years	since1	Trustee
Hassell H. McClellan, Born: 1945	2012	196

Trustee and Chairperson of the Board

Director/Trustee, Virtus Funds (since 2008); Director, The Barnes Group (since 2010); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex.

Charles L. Bardelis,² Born: 1941 2012 196

Trustee

Director, Island Commuter Corp. (marine transport). Trustee, John Hancock Collateral Trust (since 2014), Trustee of various trusts within the John Hancock Fund Complex (since 1988).

James R. Boyle, Born: 1959 2015 196

Trustee

Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).

Peter S. Burgess,² Born: 1942 2012 196

Trustee

Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (since 2004); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005).

William H. Cunningham, Born: 1944 1986 196

Trustee

Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986).

Grace K. Fey, Born: 1946 2012 196

Trustee

Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     37

Independent Trustees (continued)
Name, year of birth	Trustee	Number of John
Position(s) held with Trust	of the	Hancock funds
Principal occupation(s) and other	Trust	overseen by
directorships during past 5 years	since1	Trustee
Deborah C. Jackson, Born: 1952	2008	196

Trustee

President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Massachusetts Women’s Forum (since 2018); Board of Directors, National Association of Corporate Directors/New England (since 2015); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

James M. Oates,² Born: 1946 2012 196

Trustee

Managing Director, Wydown Group (financial consulting firm) (since 1994); Chairman and Director, Emerson Investment Management, Inc. (2000- 2015); Independent Chairman, Hudson Castle Group, Inc. (formerly IBEX Capital Markets, Inc.) (financial services company) (1997–2011); Director, Stifel Financial (since 1996); Director, Investor Financial Services Corporation (1995–2007); Director, Connecticut River Bancorp (1998-2014); Director/Trustee, Virtus Funds (since 1988). Trustee (since 2004) and Chairperson of the Board (2005-2016) of various trusts within the John Hancock Fund Complex.

Steven R. Pruchansky, Born: 1944 1994 196

Trustee and Vice Chairperson of the Board

Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (since 2014); Director and President, Greenscapes of Southwest Florida, Inc. (2000- 2014); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex.

Frances G. Rathke,^2,* Born: 1960 2020 196

Trustee

Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high- end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020).

38     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT

Independent Trustees (continued)

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Gregory A. Russo, Born: 1949	2009		196

Trustee

Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

Non-Independent Trustees³

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Andrew G. Arnott, Born: 1971	2017		196

President and Non-Independent Trustee

Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Executive Vice President, John Hancock Financial Services (since 2009, including prior positions); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).

Marianne Harrison, Born: 1963 2018 196

Non-Independent Trustee

President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St.Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018).

ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     39

Principal officers who are not Trustees
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Officer of the Trust since
Charles A. Rizzo, Born: 1957		2007
Chief Financial Officer

Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007).

Salvatore Schiavone, Born: 1965 2010

Treasurer

Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions).

Christopher (Kit) Sechler, Born: 1973	2018
Chief Legal Officer and Secretary

Vice President and Deputy Chief Counsel, John Hancock Investments (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investments; Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2018); Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009).

Trevor Swanberg, Born: 1979	2020
Chief Compliance Officer

Chief Compliance Officer, various trusts within the John Hancock Fund Complex, John Hancock Investment Management LLC, and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2018–2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2016–2018); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016).

The business address for all Trustees and Officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023.

The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-5291.

¹  Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table.

²  Member of the Audit Committee.

³  The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

* Appointed as Independent Trustee effective as of September 15, 2020.

40     JOHN HANCOCK ESG LARGE CAP CORE FUND     |     ANNUAL REPORT

More information

Trustees

Hassell H. McClellan, Chairperson

Steven R. Pruchansky, Vice Chairperson

Andrew G. Arnott^†

Charles L. Bardelis^*

James R. Boyle

Peter S. Burgess^*

William H. Cunningham

Grace K. Fey

Marianne Harrison^†

Deborah C. Jackson

James M. Oates^*

Frances G. Rathke^1,*

Gregory A. Russo

Officers

Andrew G. Arnott

President

Charles A. Rizzo

Chief Financial Officer

Salvatore Schiavone

Treasurer

Christopher (Kit) Sechler

Secretary and Chief Legal Officer

Trevor Swanberg²

Chief Compliance Officer

* Member of the Audit Committee

^† Non-Independent Trustee

¹ Appointed as Independent Trustee effective as of September 15, 2020

² Effective July 31, 2020

Investment advisor

John Hancock Investment Management LLC

Subadvisor

Trillium Asset Management, LLC

Portfolio Managers

Elizabeth R. Levy, CFA

CherylI. Smith, Ph.D., CFA

Principal distributor

John Hancock Investment Management Distributors LLC

Custodian

Citibank, N.A.

Transfer agent

John Hancock Signature Services, Inc.

Legal counsel

K&L Gates LLP

Independent registered public accounting firm

PricewaterhouseCoopers LLP

The fund’s proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.

All of the fund’s holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The fund’s Form N-PORT filings are available on our website and the SEC’s website, sec.gov.

We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.

You can also contact us:
800-225-5291	Regular mail:	Express mail:
jhinvestments.com	John Hancock Signature Services, Inc.	John Hancock Signature Services, Inc.
	P.O. Box 219909	430 W 7th Street
	Kansas City, MO 64121-9909	Suite 219909
		Kansas City, MO 64105-1407

ANNUAL REPORT      |     JOHN HANCOCK ESG LARGE CAP CORE FUND     41

Protect yourself by using eDelivery

Signing up for the electronic delivery of your statements and other financial publications is a great way to help protect your privacy. eDelivery provides you with secure, instant access to all of your statements in one convenient location.

BENEFITS OF EDELIVERY

◾	Added security: Password protection helps you safely retrieve documents online
◾	Save time: Receive instant email notification once statements are available
◾	Reduce clutter: View documents online to reduce the amount of paper for filing, shredding, or recycling

SIGN UP FOR EDELIVERY TODAY!

Direct shareholders

If you receive statements directly through John Hancock Investment Management and would like to participate in eDelivery, go to jhinvestments.com/login. To log in to your account, click on the “Log in” button on the page’s top right corner. In the “Access your investments account” area, go to the “Individual retirement or mutual fund account” section and select the option that applies to you. Please be aware that you may be required to provide your account number and certain personal account information.

You may revoke your consent at any time by simply visiting jhinvestments.com/login and following the instructions above. You may also revoke consent by calling 800-225-5291 or by writing to us at the following address: John Hancock Signature Services, P.O. Box 219909, Kansas City, MO 64121-9909. We reserve the right to deliver documents to you on paper at any time should the need arise.

Brokerage account shareholders

If you receive statements directly from your bank or broker and would like to participate in eDelivery, go to icsdelivery/live or contact your financial representative.

Not part of the shareholder report

Get your questions answered by using our shareholder resources

ONLINE

◾	Visit jhinvestments.com to access a range of resources for individual investors, from account details and fund information to forms and our latest insight on the markets and economy.
◾	Use our Fund Compare tool to compare thousands of funds and ETFs across dozens of risk and performance metrics—all powered by Morningstar.
◾	Visit our online Tax Center, where you’ll find helpful taxpayer resources all year long, including tax forms, planning guides, and other fund-specific information.
◾	Follow us on Facebook, Twitter, and LinkedIn to get the latest updates on the markets and what’s trending now.

BY PHONE

Call our customer service representatives at 800-225-5291, Monday to Thursday, 8:00 A.M. to 7:00 P.M., and Friday, 8:00 A.M. to 6:00 P.M., Eastern time. We’re here to help!

Not part of the shareholder report

John Hancock family of funds

DOMESTIC EQUITY FUNDS

Blue Chip Growth

Classic Value

Disciplined Value

Disciplined Value Mid Cap

Equity Income

Financial Industries

Fundamental All Cap Core

Fundamental Large Cap Core

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

GLOBAL AND INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

INCOME FUNDS

Bond

California Tax-Free Income

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Short Duration Bond

Short Duration Credit Opportunities

Strategic Income Opportunities

Tax-Free Bond

ALTERNATIVE AND SPECIALTY FUNDS

Absolute Return Currency

Alternative Asset Allocation

Alternative Risk Premia

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

A fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investment Management at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.

ASSET ALLOCATION

Balanced

Multi-Asset High Income

Multi-Index Lifetime Portfolios

Multi-Index Preservation Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

Retirement Income 2040

EXCHANGE-TRADED FUNDS

John Hancock Multifactor Consumer Discretionary ETF

John Hancock Multifactor Consumer Staples ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Energy ETF

John Hancock Multifactor Financials ETF

John Hancock Multifactor Healthcare ETF

John Hancock Multifactor Industrials ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Materials ETF

John Hancock Multifactor Media and Communications ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Multifactor Technology ETF

John Hancock Multifactor Utilities ETF

ENVIRONMENTAL, SOCIAL, AND GOVERNANCE FUNDS

ESG All Cap Core

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Financial Opportunities

Hedged Equity & Income

Income Securities Trust

Investors Trust

Preferred Income

Preferred Income II

Preferred Income III

Premium Dividend

Tax-Advantaged Dividend Income

Tax-Advantaged Global Shareholder Yield

John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC or Dimensional Fund Advisors LP.

Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.

John Hancock Investment Management

A trusted brand

John Hancock Investment Management is a premier asset manager with a heritage of financial stewardship dating back to 1862. Helping our shareholders pursue their financial goals is at the core of everything we do. It’s why we support the role of professional financial advice and operate with the highest standards of conduct and integrity.

A better way to invest

We serve investors globally through a unique multimanager approach: We search the world to find proven portfolio teams with specialized expertise for every strategy we offer, then we apply robust investment oversight to ensure they continue to meet our uncompromising standards and serve the best interests of our shareholders.

Results for investors

Our unique approach to asset management enables us to provide a diverse set of investments backed by some of the world’s best managers, along with strong risk-adjusted returns across asset classes.

John Hancock Investment Management Distributors LLC ∎ Member FINRA, SIPC

200 Berkeley Street ∎ Boston, MA 02116-5010 ∎ 800-225-5291 ∎ jhinvestments.com

This report is for the information of the shareholders of John Hancock ESG Large Cap Core Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

MF1399334	467A 10/20
	12/2020

Dear shareholders,

Despite heightened fears over the coronavirus (COVID-19), which sent markets tumbling in the first quarter of the calendar year, global financial markets delivered positive returns for the 12 months ended October 31, 2020. The governments of many nations worked to shore up their economies, and equity markets began to rise from their first-quarter sell-off; this comeback gathered momentum for the remainder of the period.

Of course, it would be a mistake to consider this market turnaround a trustworthy signal of assured or swift economic recovery. Economic growth has slowed as the ongoing spread of COVID-19 continues to create uncertainty among businesses and investors. Lockdowns and curfews in certain parts of the world have been reinstated and consumer spending remains far below prepandemic levels.

From an investment perspective, we continue to think that maintaining a focus on long-term objectives while pursuing a risk-aware strategy is a prudent way forward. Above all, we believe the counsel of a trusted financial professional continues to matter now more than ever. Periods of heightened uncertainty are precisely the time to review your financial goals and follow a plan that helps you make the most of what continues to be a challenging situation.

On behalf of everyone at John Hancock Investment Management, I’d like to take this opportunity to welcome new shareholders and thank existing shareholders for the continued trust you’ve placed in us.

Sincerely,

Andrew G. Arnott

President and CEO,

John Hancock Investment Management

Head of Wealth and Asset Management,

United States and Europe

This commentary reflects the CEO’s views as of this report’s period end and are subject to change at any time. Diversification does not guarantee investment returns and does not eliminate risk of loss. All investments entail risks, including the possible loss of principal. For more up-to-date information, you can visit our website at jhinvestments.com.

John Hancock

ESG International Equity Fund

Table of contents
	2	Your fund at a glance
	4	Manager’s discussion of fund performance
	6	A look at performance
	8	Your expenses
	10	Fund’s investments
	13	Financial statements
	16	Financial highlights
	19	Notes to financial statements
	26	Report of independent registered public accounting firm
	27	Tax information
	28	Continuation of investment advisory and subadvisory agreements
	35	Trustees and Officers
	39	More information

ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     1

Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks long-term capital appreciation.

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2020 (%)

The MSCI All Country World ex-USA Index is a free-float adjusted market capitalization weighted index designed to measure the equity market performance of developed markets and emerging markets, excluding the United States.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

The fund’s Morningstar category average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on their historical portfolio holdings. Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower. Since inception returns for the Morningstar fund category average are not available.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Performance of the other share classes will vary based on the difference in the fees and expenses of those classes. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and can be found at jhinvestments.com or by calling 800-225-5291. For further information on the fund’s objectives, risks, and strategy, see the fund’s prospectus.

2     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT

PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

International equities experienced a loss for the period

The fund’s benchmark, the MSCI All Country World ex-USA Index, returned a loss.

The fund strongly outperformed the benchmark

Stock selection was the primary driver of results, highlighted by the fund’s relative strength in the industrials, consumer discretionary, and healthcare sectors.

Sector allocations also contributed

The fund benefited from overweights in information technology and healthcare, as well as an underweight in the poor-performing energy sector.

SECTOR COMPOSITION AS OF 10/31/2020 (% of net assets)

A note about risks

The fund may be subject to various risks as described in the fund’s prospectus. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance. For example, the novel coronavirus disease (COVID-19) has resulted in significant disruptions to global business activity. The impact of a health crisis and other epidemics and pandemics that may arise in the future, could affect the global economy in ways that cannot necessarily be foreseen at the present time. A health crisis may exacerbate other pre-existing political, social, and economic risks. Any such impact could adversely affect the fund’s performance, resulting in losses to your investment. For more information, please refer to the ”Principal risks” section of the prospectus.

ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     3

Manager’s discussion of fund performance

How would you describe the investment environment during the 12 months ended October 31, 2020?

After beginning the period on a positive note, the world financial markets experienced a significant sell-off in February and March 2020. As COVID-19 spread around the globe and governments sought to contain the virus by locking down large segments of their economies, investors moved out of equities and other higher-risk asset categories. Stocks subsequently surged off of their late March lows in reaction to the extensive economic stimulus programs enacted by global governments and central banks, ultimately recapturing much of the ground they lost in the sell-off. However, in contrast to the U.S. market, international stocks failed to exceed their prepandemic highs.

What factors helped and hurt the fund’s results?

Stock selection was the largest contributor to returns, led by a strong showing in industrials. The Danish wind turbine manufacturer Vestas Wind Systems A/S, which benefited from improving global demand for renewable energy, was the top contributor. Positions in several producers of energy-efficient capital equipment, such as Spirax-Sarco Engineering PLC, Daikin Industries, Ltd., Atlas Copco AB, and Schneider Electric SE, also played a role in the fund’s outperformance. Consumer

TOP 10 HOLDINGS AS OF 10/31/2020 (% of net assets)		TOP 10 COUNTRIES 10/31/2020 (% of net assets)
Alibaba Group Holding, Ltd., ADR	4.7	Japan	13.6
			13.
BYD Company, Ltd., H Shares	3.0	China	13.0
Roche Holding AG	2.8	United Kingdom	10.3
Unilever NV	2.6	France	8.4
Vestas Wind Systems A/S	2.4	Germany	7.5
HDFC Bank, Ltd., ADR	2.3	Denmark	5.7
Taiwan Semiconductor Manufacturing Company, Ltd., ADR	2.3	South Korea	4.5
Yandex NV, Class A	2.2	Switzerland	4.4
Ping An Insurance Group Company of China, Ltd., H Shares	2.2	Taiwan	3.4
Naspers, Ltd., N Shares	2.1	Hong Kong	3.0
TOTAL	26.6	TOTAL	73.8
Cash and cash equivalents are not included.		Cash and cash equivalents are not included.

4     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT

discretionary was another area of strength for the fund, thanks largely to the gains for the Chinese companies BYD Company, Ltd., a maker of electric-car batteries, and Alibaba Group Holding, Ltd., the country’s e-commerce giant.	MANAGED BY Corné A. Biemans Matthew A. Zalosh, CFA Praveen S. Abichandani, CFA
On the negative side, the fund lost some relative performance through weaker stock selection in financials. Positions in the emerging-market companies Itau Unibanco Holding SA (Brazil), Kasikornbank PCL (Thailand), and Grupo Financiero Banorte SAB de CV (Mexico) were notable detractors in the sector. The fund’s position in Grupo Financiero Banorte was sold during the period.

How would you summarize the fund’s positioning at the close of the period?

The fund was overweight in the healthcare, information technology, and industrials sectors, but we had a more cautious stance on commodity-oriented stocks, banks, and retailers. The fund was overweight in Europe, with a focus on industrial companies that produce green products. We believe this sector should continue to see higher demand as the Continent works toward its net-zero greenhouse gas emission goal over the next three decades. Japan is the portfolio’s largest country position, albeit with a weighting less than that of the index. The fund had a sizable position in export-oriented Japanese stocks with leading franchises and progressive management teams, but was underweight in the more mature, domestic-oriented industries. The fund was overweight in the emerging markets; while the near-term outlook may be challenging for certain countries in the asset class, we’ve found a wealth of opportunities to capitalize on the dynamic characteristics of the emerging world. Among these are its favorable demographics, the rapid development in innovative industries, and improvements in sustainability.

The views expressed in this report are exclusively those of Corné A. Biemans, Boston Common Asset Management, LLC, and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the fund for the entire period. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk.

ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     5

A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2020

	Average annual total returns (%) with maximum sales charge		Cumulative total returns (%) with maximum sales charge
	1-year	Since inception (12-14-16)	Since inception (12-14-16)
Class A	5.08	8.78	38.66
Class I1	10.90	10.52	47.43
Class R61	11.01	10.62	47.98
Index†	-2.61	5.12	21.39

Performance figures assume all distributions have been reinvested. Figures reflect the maximum sales charge on Class A shares of 5%.Sales charges are not applicable to Class I and Class R6 shares.

The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectus for the fund and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until February 28, 2021 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:

	Class A	Class I	Class R6
Gross (%)	1.62	1.37	1.26
Net (%)	1.28	1.03	0.92

Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.

The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the fund’s website at jhinvestments.com.

The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The fund’s performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.

^† Index is the MSCI All Country World ex-USA Index.

See the following page for footnotes.

6     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT

This chart and table show what happened to a hypothetical $10,000 investment in John Hancock ESG International Equity Fund for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in the MSCI All Country World ex-USA Index.

	Start date	With maximum sales charge ($)		Without sales charge ($)		Index ($)
Class I1	12-14-16		14,743		14,743		12,139
Class R61	12-14-16		14,798		14,798		12,139

The MSCI All Country World ex-USA Index is a free-float adjusted market capitalization weighted index designed to measure the equity market performance of developed markets and emerging markets, excluding the United States.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

Footnotes related to performance pages

¹ For certain types of investors, as described in the fund’s prospectus.

ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     7

Your expenses

These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds.

Understanding fund expenses

As a shareholder of the fund, you incur two types of costs:

∎ Transaction costs, which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc.

∎ Ongoing operating expenses, including management fees, distribution and service fees (if applicable), and other fund expenses.

We are presenting only your ongoing operating expenses here.

Actual expenses/actual returns

The first line of each share class in the table on the following page is intended to provide information about the fund’s actual ongoing operating expenses, and is based on the fund’s actual return. It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020.

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at October 31, 2020, by $1,000.00, then multiply it by the ”expenses paid” for your share class from the table. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

Hypothetical example for comparison purposes

The second line of each share class in the table on the following page allows you to compare the fund’s ongoing operating expenses with those of any other fund. It provides an example of the fund’s hypothetical account values and hypothetical expenses based on each class’s actual expense ratio and an assumed 5% annualized return before expenses (which is not the class’s actual return). It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

8     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT

Remember, these examples do not include any transaction costs, therefore, these examples will not help you to determine the relative total costs of owning different funds. If transaction costs were included, your expenses would have been higher. See the prospectus for details regarding transaction costs.

SHAREHOLDER EXPENSE EXAMPLE CHART

		Account value on 5-1-2020		Ending value on 10-31-2020		Expenses paid during period ended 10-31-20201		Annualized expense ratio
Class A	Actual expenses/actual returns		$1,000.00		$1,223.10		$7.15		1.28%
	Hypothetical example		1,000.00		1,018.70		6.50		1.28%
Class I	Actual expenses/actual returns		1,000.00		1,224.70		5.76		1.03%
	Hypothetical example		1,000.00		1,020.00		5.23		1.03%
Class R6	Actual expenses/actual returns		1,000.00		1,225.60		5.15		0.92%
	Hypothetical example		1,000.00		1,020.50		4.67		0.92%

1 Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period).

ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     9

Fund’s investments

AS OF 10-31-20

	Shares		Value
Common stocks 97.6%			$60,282,342
(Cost $48,121,358)
Australia 1.4%			870,735
Macquarie Group, Ltd.		9,766	870,735
Belgium 1.1%			650,629
Umicore SA		16,877	650,629
Brazil 2.1%			1,308,052
Itau Unibanco Holding SA, ADR		173,583	709,954
Pagseguro Digital, Ltd., Class A (A)		16,337	598,098
Canada 1.7%			1,043,066
Canadian Pacific Railway, Ltd.		3,487	1,043,066
China 13.0%			8,058,525
Alibaba Group Holding, Ltd., ADR (A)		9,514	2,898,818
BYD Company, Ltd., H Shares		93,500	1,890,085
Ping An Insurance Group Company of China, Ltd., H Shares		131,300	1,357,599
Sunny Optical Technology Group Company, Ltd.		41,000	680,728
Xinyi Solar Holdings, Ltd.		674,000	1,231,295
Denmark 5.7%			3,511,031
Novo Nordisk A/S, B Shares		15,077	961,395
Orsted A/S (B)		6,858	1,088,425
Vestas Wind Systems A/S		8,517	1,461,211
Finland 1.0%			627,971
Sampo OYJ, A Shares		16,641	627,971
France 8.4%			5,178,277
Air Liquide SA		5,243	766,725
AXA SA		43,087	691,945
BioMerieux		4,620	687,912
Dassault Systemes SE		3,718	633,956
Schneider Electric SE		9,268	1,126,119
Valeo SA		21,775	658,722
Worldline SA (A)(B)		8,275	612,898
Germany 7.5%			4,609,221
adidas AG (A)		2,486	738,601
Deutsche Telekom AG		51,905	788,888
Infineon Technologies AG		40,619	1,130,877
SAP SE		7,638	814,855
Vonovia SE		17,788	1,136,000

10     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Shares		Value
Hong Kong 3.0%			$1,882,691
AIA Group, Ltd.		98,000	932,683
Beijing Enterprises Water Group, Ltd. (A)		999,840	380,338
Hang Lung Properties, Ltd.		234,000	569,670
India 2.3%			1,439,791
HDFC Bank, Ltd., ADR (A)		25,066	1,439,791
Indonesia 1.6%			990,852
Bank Rakyat Indonesia Persero Tbk PT		4,377,097	990,852
Ireland 1.6%			1,012,077
Kerry Group PLC, Class A		8,455	1,012,077
Japan 13.6%			8,376,168
Daikin Industries, Ltd.		6,500	1,216,366
Hoya Corp.		11,120	1,254,969
Keyence Corp.		1,700	771,498
Nippon Telegraph & Telephone Corp.		39,200	824,605
ORIX Corp.		44,900	525,116
Recruit Holdings Company, Ltd.		18,099	688,679
Shimano, Inc.		4,100	937,734
Shiseido Company, Ltd.		10,100	625,261
Sundrug Company, Ltd.		17,000	631,241
Yamaha Corp.		19,000	900,699
Netherlands 2.2%			1,381,325
ASML Holding NV		1,711	619,043
ING Groep NV (A)		111,287	762,282
Russia 2.2%			1,363,085
Yandex NV, Class A (A)		23,677	1,363,085
South Africa 2.1%			1,303,730
Naspers, Ltd., N Shares		6,678	1,303,730
South Korea 4.5%			2,770,932
LG Chem, Ltd.		1,775	967,874
LG Household & Health Care, Ltd.		761	1,008,994
SK Hynix, Inc.		11,193	794,064
Sweden 2.8%			1,733,111
Atlas Copco AB, B Shares		23,113	885,593
Essity AB, B Shares		29,282	847,518
Switzerland 4.4%			2,686,618
Novartis AG		12,713	990,630
Roche Holding AG		5,278	1,695,988

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     11

	Shares		Value
Taiwan 3.4%			$2,113,971
Delta Electronics, Inc.		107,000	711,916
Taiwan Semiconductor Manufacturing Company, Ltd., ADR		16,717	1,402,055
Thailand 1.7%			1,024,976
Advanced Info Service PCL		92,300	510,548
Kasikornbank PCL		213,600	514,428
United Kingdom 10.3%			6,345,508
Croda International PLC		11,622	908,369
Dechra Pharmaceuticals PLC		16,368	740,454
DS Smith PLC (A)		156,385	573,654
Ferguson PLC		10,716	1,064,327
GlaxoSmithKline PLC, ADR		22,490	751,616
Spirax-Sarco Engineering PLC		4,871	712,111
Unilever NV		28,293	1,594,977
Total investments (Cost $48,121,358) 97.6%			$60,282,342
Other assets and liabilities, net 2.4%			1,497,509
Total net assets 100.0%			$61,779,851

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

Security Abbreviations and Legend

ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.

At 10-31-20, the aggregate cost of investments for federal income tax purposes was $48,647,682. Net unrealized appreciation aggregated to $11,634,660, of which $15,430,591 related to gross unrealized appreciation and $3,795,931 related to gross unrealized depreciation.

12     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Financial statements

STATEMENT OF ASSETS AND LIABILITIES 10-31-20

Assets
Unaffiliated investments, at value (Cost $48,121,358)	$60,282,342
Cash	1,088,716
Foreign currency, at value (Cost $1,608)	1,608
Dividends and interest receivable	178,572
Receivable for fund shares sold	61,722
Receivable for investments sold	241,647
Receivable from affiliates	1,229
Other assets	40,052
Total assets	61,895,888
Liabilities
Payable for investments purchased	14,459
Payable for fund shares repurchased	9,484
Payable to affiliates
Accounting and legal services fees	2,288
Transfer agent fees	6,229
Trustees’ fees	64
Other liabilities and accrued expenses	83,513
Total liabilities	116,037
Net assets	$61,779,851
Net assets consist of
Paid-in capital	$52,279,529
Total distributable earnings (loss)	9,500,322
Net assets	$61,779,851
Net asset value per share
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value
Class A ($6,480,739 ÷ 467,411 shares)1	$13.87
Class I ($54,678,308 ÷ 3,934,256 shares)	$13.90
Class R6 ($620,804 ÷ 44,628 shares)	$13.91
Maximum offering price per share
Class A (net asset value per share ÷ 95%)2	$14.60

¹  Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

²  On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     13

STATEMENT OF OPERATIONS For the year ended 10-31-20
Investment income
Dividends	$	1,053,123
Interest		6,989
Less foreign taxes withheld		(104,884	)
Total investment income		955,228
Expenses
Investment management fees		492,617
Distribution and service fees		16,053
Accounting and legal services fees		10,495
Transfer agent fees		70,558
Trustees’ fees		1,036
Custodian fees		45,962
State registration fees		57,869
Printing and postage		16,974
Professional fees		65,582
Other		15,894
Total expenses		793,040
Less expense reductions		(178,490	)
Net expenses		614,550
Net investment income		340,678
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments and foreign currency transactions		(2,144,034	)
		(2,144,034	)
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments and translation of assets and liabilities in foreign currencies		7,131,778
		7,131,778
Net realized and unrealized gain		4,987,744
Increase in net assets from operations	$	5,328,422

14     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

STATEMENTS OF CHANGES IN NET ASSETS
	Year ended 10-31-20			Year ended 10-31-19
Increase (decrease) in net assets
From operations
Net investment income		$340,678			$1,291,431
Net realized loss		(2,144,034	)		(774,115	)
Change in net unrealized appreciation (depreciation)		7,131,778			6,480,810
Increase in net assets resulting from operations		5,328,422			6,998,126
Distributions to shareholders
From earnings
Class A		(134,601	)		(154,779	)
Class I		(1,098,472	)		(1,280,775	)
Class R6		(53,099	)		(50,231	)
Total distributions		(1,286,172	)		(1,485,785	)
From fund share transactions		(1,575,962	)		(2,269,623	)
Total increase		2,466,288			3,242,718
Net assets
Beginning of year		59,313,563			56,070,845
End of year		$61,779,851			$59,313,563

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     15

Financial highlights

CLASS A SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-171
Per share operating performance
Net asset value, beginning of period		$12.78			$11.63			$12.96			$10.00
Net investment income2		0.05			0.26			0.14			0.13
Net realized and unrealized gain (loss) on investments		1.29			1.17			(1.37	)		2.83
Total from investment operations		1.34			1.43			(1.23	)		2.96
Less distributions
From net investment income		(0.25	)		(0.11	)		(0.04	)		—
From net realized gain		—			(0.17	)		(0.06	)		—
Total distributions		(0.25	)		(0.28	)		(0.10	)		—
Net asset value, end of period		$13.87			$12.78			$11.63			$12.96
Total return (%)3,4		10.59			12.62			(9.55	)		29.60	5
Ratios and supplemental data
Net assets, end of period (in millions)		$6			$7			$7			$6
Ratios (as a percentage of average net assets):
Expenses before reductions		1.59			1.62			1.62			2.11	6
Expenses including reductions		1.29			1.28			1.27			1.28	6
Net investment income		0.36			2.12			1.06			1.27	6
Portfolio turnover (%)		34			32			19			10

¹  Period from 12-14-16 (commencement of operations) to 10-31-17.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Does not reflect the effect of sales charges, if any.

⁵  Not annualized.

⁶  Annualized.

16     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS I SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-171
Per share operating performance
Net asset value, beginning of period		$12.80			$11.66			$13.00			$10.00
Net investment income2		0.08			0.28			0.17			0.11
Net realized and unrealized gain (loss) on investments		1.30			1.17			(1.38	)		2.89
Total from investment operations		1.38			1.45			(1.21	)		3.00
Less distributions
From net investment income		(0.28	)		(0.14	)		(0.07	)		—
From net realized gain		—			(0.17	)		(0.06	)		—
Total distributions		(0.28	)		(0.31	)		(0.13	)		—
Net asset value, end of period		$13.90			$12.80			$11.66			$13.00
Total return (%)3		10.90			12.84			(9.37	)		30.00	4
Ratios and supplemental data
Net assets, end of period (in millions)		$55			$50			$48			$48
Ratios (as a percentage of average net assets):
Expenses before reductions		1.34			1.38			1.38			1.85	5
Expenses including reductions		1.04			1.04			1.03			1.02	5
Net investment income		0.62			2.31			1.28			1.07	5
Portfolio turnover (%)		34			32			19			10

¹  Period from 12-14-16 (commencement of operations) to 10-31-17.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Not annualized.

⁵  Annualized.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     17

CLASS R6 SHARES Period ended	10-31-20			10-31-19			10-31-18			10-31-171
Per share operating performance
Net asset value, beginning of period		$12.81			$11.67			$13.00			$10.00
Net investment income2		0.06			0.31			0.18			0.17
Net realized and unrealized gain (loss) on investments		1.33			1.15			(1.37	)		2.83
Total from investment operations		1.39			1.46			(1.19	)		3.00
Less distributions
From net investment income		(0.29	)		(0.15	)		(0.08	)		—
From net realized gain		—			(0.17	)		(0.06	)		—
Total distributions		(0.29	)		(0.32	)		(0.14	)		—
Net asset value, end of period		$13.91			$12.81			$11.67			$13.00
Total return (%)3		11.01			12.95			(9.21	)		30.00	4
Ratios and supplemental data
Net assets, end of period (in millions)		$1			$2			$2			$2
Ratios (as a percentage of average net assets):
Expenses before reductions		1.23			1.27			1.28			1.75	5
Expenses including reductions		0.92			0.92			0.92			0.93	5
Net investment income		0.42			2.54			1.38			1.64	5
Portfolio turnover (%)		34			32			19			10

¹  Period from 12-14-16 (commencement of operations) to 10-31-17.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Not annualized.

⁵  Annualized.

18     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Notes to financial statements

Note 1 — Organization

John Hancock ESG International Equity Fund (the fund) is a series of John Hancock Investment Trust (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective of the fund is to seek long-term capital appreciation.

The fund may offer multiple classes of shares. The shares currently outstanding are detailed in the Statement of assets and liabilities, Class A shares are offered to all investors. Class I shares are offered to institutions and certain investors. Class R6 shares are only available to certain retirement plans, institutions and other investors. Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.

Note 2 — Significant accounting policies

The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of US GAAP.

Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the fund:

Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the fund’s Valuation Policies and Procedures.

In order to value the securities, the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.

In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund’s Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the fund’s Pricing Committee, following procedures established by the Board of Trustees. The fund uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE.

ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     19

The fund uses a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund’s own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the fund’s investments as of October 31, 2020, by major security category or type:

	Total value at 10-31-20		Level 1 quoted price		Level 2 significant observable inputs		Level 3 significant unobservable inputs
Investments in securities:
Assets
Common stocks
Australia		$870,735		—		$870,735		—
Belgium		650,629		—		650,629		—
Brazil		1,308,052		$1,308,052		—		—
Canada		1,043,066		1,043,066		—		—
China		8,058,525		2,898,818		5,159,707		—
Denmark		3,511,031		—		3,511,031		—
Finland		627,971		—		627,971		—
France		5,178,277		—		5,178,277		—
Germany		4,609,221		—		4,609,221		—
Hong Kong		1,882,691		—		1,882,691		—
India		1,439,791		1,439,791		—		—
Indonesia		990,852		—		990,852		—
Ireland		1,012,077		—		1,012,077		—
Japan		8,376,168		—		8,376,168		—
Netherlands		1,381,325		—		1,381,325		—
Russia		1,363,085		1,363,085		—		—
South Africa		1,303,730		—		1,303,730		—
South Korea		2,770,932		—		2,770,932		—
Sweden		1,733,111		—		1,733,111		—
Switzerland		2,686,618		—		2,686,618		—
Taiwan		2,113,971		1,402,055		711,916		—
Thailand		1,024,976		—		1,024,976		—
United Kingdom		6,345,508		751,616		5,593,892		—
Total investments in securities		$60,282,342		$10,206,483		$50,075,859		—

20     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT

Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Dividend income is recorded on the ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.

Foreign investing. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S.dollar values each day at the prevailing exchange rate. Purchases and sales of securities, income and expenses are translated into U.S.dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is reflected as a component of the realized and unrealized gains (losses) on investments. Foreign investments are subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.

Funds that invest internationally generally carry more risk than funds that invest strictly in U.S. securities. These risks are heightened for investments in emerging markets. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors.

Foreign taxes. The fund may be subject to withholding tax on income, capital gains or repatriations imposed by certain countries, a portion of which may be recoverable. Foreign taxes are accrued based upon the fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued based on gains realized by the fund as a result of certain foreign security sales. In certain circumstances, estimated taxes are accrued based on unrealized appreciation of such securities. Investment income is recorded net of foreign withholding taxes.

Overdraft. The fund may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the fund’s custodian agreement, the custodian may loan money to the fund to make properly authorized payments. The fund is obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.

Line of credit. Effective June 25, 2020, the fund and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, the fund can borrow up to an aggregate commitment amount of $850 million, subject to asset coverage and other limitations as specified in the agreement. Each participating fund paid an upfront fee in connection with this line of credit agreement, which is charged based on a combination of fixed and asset-based allocations and amortized over 365 days. Prior to June 25, 2020, the fund and other affiliated funds had a similar agreement that enabled them to participate in a $750 million unsecured committed line of credit. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of the line of credit, is charged to each participating fund based on a combination of fixed and asset-based allocations and is reflected in Other expenses on the Statement of operations. For the year ended October 31, 2020, the fund had no borrowings under the line of credit. Commitment fees, including upfront fees, for the year ended October 31, 2020 were $3,588.

ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     21

Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund’s relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the fund level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.

Federal income taxes. The fund intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

For federal income tax purposes, as of October 31, 2020, the fund has a short-term capital loss carryforward of $74,402 and a long-term capital loss carryforward of $2,511,036 available to offset future net realized capital gains. This carryforward does not expire.

As of October 31, 2020, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund’s federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.

Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The fund generally declares and pays dividends annually. Capital gain distributions, if any, are typically distributed annually.

The tax character of distributions for the years ended October 31, 2020 and 2019 was as follows:

	October 31, 2020		October 31, 2019
Ordinary income		$1,286,172		$807,187
Long-term capital gains		—		678,598
Total		$1,286,172		$1,485,785

Distributions paid by the fund with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class. As of October 31, 2020, the components of distributable earnings on a tax basis consisted of $446,658 of undistributed ordinary income.

Such distributions and distributable earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund’s financial statements as a return of capital.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to investments in passive foreign investment companies and wash sale loss deferrals.

22     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT

Note 3 — Guarantees and indemnifications

Under the Trust’s organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the fund. Additionally, in the normal course of business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.

Note 4 — Fees and transactions with affiliates

John Hancock Investment Management LLC (the Advisor) serves as investment advisor for the fund. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the fund. The Advisor and the Distributor are indirect, principally owned subsidiaries of Manulife Financial Corporation.

Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor equivalent on an annual basis to the sum of: a) 0.850% of the first $250 million of the fund’s average daily net assets; b) 0.800% of the next $500 million of the fund’s average daily net assets; and c) 0.750% of the fund’s average daily net assets in excess of $750 million. The Advisor has a subadvisory agreement with Boston Common Asset Management, LLC. The fund is not responsible for payment of the subadvisory fees.

The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the year ended October 31, 2020, this waiver amounted to 0.01% of the fund’s average daily net assets. This arrangement expires on July 31, 2022, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

The Advisor has contractually agreed to reduce its management fee or, if necessary, make payment to the fund in an amount equal to the amount by which expenses of the fund exceed 0.91% of average daily net assets of the fund. For purposes of this agreement, ”expenses of the fund” means all fund expenses, excluding taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the fund’s business, class-specific expenses, borrowing costs, prime brokerage fees, acquired fund fees and expenses paid indirectly, and short dividend expense. This agreement expires on February 28, 2021, unless renewed by mutual agreement of the Advisor and the fund based upon a determination that this is appropriate under the circumstances at that time.

For the year ended October 31, 2020, the expense reductions described above amounted to the following:

Class	Expense reduction
Class A		$19,758
Class I		155,107

Class	Expense reduction
Class R6		$3,625
Total		$178,490

Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.

The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended October 31, 2020, were equivalent to a net annual effective rate of 0.54% of the fund’s average daily net assets.

Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at

ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     23

the time the expense was incurred. These accounting and legal services fees incurred, for the year ended October 31, 2020, amounted to an annual rate of 0.02% of the fund’s average daily net assets.

Distribution and service plans. The fund has a distribution agreement with the Distributor. The fund has adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the fund. The fund may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the fund’s shares:

Class	Rule 12b-1 Fee
Class A		0.25	%

Sales charges. Class A shares are assessed up-front sales charges, which resulted in payments to the Distributor amounting to $4,867 for the year ended October 31, 2020. Of this amount, $848 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $4,019 was paid as sales commissions to broker-dealers.

Class A shares may be subject to contingent deferred sales charges ((CDSCs). Certain Class A shares that are acquired through purchases of $1 million or more and are redeemed within one year of purchase are subject to a 1.00% sales charge. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the Distributor for providing distribution-related services in connection with the sale of these shares. During the year ended October 31, 2020, there were no CDSCs received by the Distributor for Class A shares.

Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.

Class level expenses. Class level expenses for the year ended October 31, 2020 were as follows:

Class	Distribution and service fees		Transfer agent fees
Class A		$16,053		$7,987
Class I		—		62,407
Class R6		—		164
Total		$16,053		$70,558

Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to the fund based on its net assets relative to other funds within the John Hancock group of funds complex.

Interfund lending program. Pursuant to an Exemptive Order issued by the SEC, the fund, along with certain other funds advised by the Advisor or its affiliates, may participate in an interfund lending program. This program provides an alternative credit facility allowing the fund to borrow from, or lend money to, other participating

24     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT

affiliated funds. At period end, no interfund loans were outstanding. Interest expense is included in Other expenses on the Statement of operations. The fund’s activity in this program during the period for which loans were outstanding was as follows:

Borrower or Lender	Weighted Average Loan Balance		Days Outstanding		Weighted Average Interest Rate		Interest Income (Expense)
Borrower		$1,100,000		1		0.525%		$(16)

Note 5 — Fund share transactions

Transactions in fund shares for the years ended October 31, 2020 and 2019 were as follows:

	Year Ended 10-31-20				Year Ended 10-31-19
	Shares			Amount	Shares			Amount
Class A shares
Sold		37,125		$487,912		34,093		$419,088
Distributions reinvested		1,712		22,465		2,648		29,607
Repurchased		(112,699	)	(1,293,630)		(57,893	)	(682,047)
Net decrease		(73,862	)	$(783,253)		(21,152	)	$(233,352)
Class I shares
Sold		590,392		$7,410,092		674,003		$7,977,268
Distributions reinvested		19,587		256,978		30,644		342,595
Repurchased		(586,927	)	(6,852,005)		(888,371	)	(10,704,837)
Net increase (decrease)		23,052		$815,065		(183,724	)	$(2,384,974)
Class R6 shares
Sold		17,168		$218,752		34,126		$433,072
Distributions reinvested		706		9,269		142		1,589
Repurchased		(154,517	)	(1,835,795)		(6,792	)	(85,958)
Net increase (decrease)		(136,643	)	$(1,607,774)		27,476		$348,703
Total net decrease		(187,453	)	$(1,575,962)		(177,400	)	$(2,269,623)

Affiliates of the fund owned 77% of Class A and Class I shares on October 31, 2020. Such concentration of shareholders’ capital could have a material effect on the fund if such shareholders redeem from the fund.

Note 6 — Purchase and sale of securities

Purchases and sales of securities, other than short-term investments, amounted to $19,000,092 and $21,448,038, respectively, for the year ended October 31, 2020.

Note 7 — Coronavirus (COVID-19) pandemic

The novel COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance.

ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     25

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of John Hancock Investment Trust and Shareholders of John Hancock ESG International Equity Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the fund’s investments, of John Hancock ESG International Equity Fund (one of the funds constituting John Hancock Investment Trust, referred to hereafter as the “Fund”) as of October 31, 2020, the related statement of operations for the year ended October 31, 2020, the statements of changes in net assets for each of the two years in the period ended October 31, 2020, including the related notes, and the financial highlights for each of the three years in the period ended October 31, 2020 and for the period December 14, 2016 (commencement of operations) through October 31, 2017 (collectively referred to as the ”financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2020, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2020 and the financial highlights for each of the three years in the period ended October 31, 2020 and for the period December 14, 2016 (commencement of operations) through October 31, 2017 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian and brokers; when replies were not received brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 16, 2020

We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.

26     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT

Tax information (Unaudited)

For federal income tax purposes, the following information is furnished with respect to the distributions of the fund, if any, paid during its taxable year ended October 31, 2020.

The fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.

The fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

Income derived from foreign sources was $1,053,543. The fund intends to pass through foreign tax credits of $103,573.

The fund reports the maximum amount allowable of its Section 199A dividends as defined in Proposed Treasury Regulation §1.199A-3(d).

Eligible shareholders will be mailed a 2020 Form 1099-DIV in early 2021. This will reflect the tax character of all distributions paid in calendar year 2020.

Please consult a tax advisor regarding the tax consequences of your investment in the fund.

ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     27

Continuation of Investment Advisory and Subadvisory Agreements

Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees

This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Investment Trust (the Trust) of the Advisory Agreement (the Advisory Agreement) with John Hancock Investment Management LLC (the Advisor) and the Subadvisory Agreement (the Subadvisory Agreement) with Boston Common Asset Management, LLC (the Subadvisor), for John Hancock ESG International Equity Fund (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 23-25, 2020 telephonic¹ meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a telephonic meeting held on May 26-27, 2020.

Approval of Advisory and Subadvisory Agreements

At a telephonic meeting held on June 23-25, 2020, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees), reapproved for an annual period the continuation of the Advisory Agreement between the Trust and the Advisor and the Subadvisory Agreement between the Advisor and the Subadvisor with respect to the fund.

In considering the Advisory Agreement and the Subadvisory Agreement, the Board received in advance of the meetings a variety of materials relating to the fund, the Advisor and the Subadvisor, including comparative performance, fee and expense information for a peer group of similar funds prepared by an independent third-party provider of fund data, performance information for an applicable benchmark index; and with respect to the Subadvisor, comparative performance information for comparably managed accounts, as applicable, and other information provided by the Advisor and the Subadvisor regarding the nature, extent, and quality of services provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor’s revenues and costs of providing services to the fund and any compensation paid to affiliates of the Advisor. At the meetings at which the renewal of the Advisory Agreement and Subadvisory Agreement are considered, particular focus is given to information concerning fund performance, comparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisor is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to the fund, including quarterly performance reports prepared by management containing reviews of investment results and prior presentations from the Subadvisor with respect to the fund. The information received and considered by the Board in connection with the May and June meetings and throughout the year was both written and oral. The Board also considered the nature, quality, and extent of non-advisory services, if any, to be provided to the fund by the Advisor’s affiliates, including distribution services. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the fund.

¹On March 25, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pandemic, the Securities and Exchange Commission issued an exemptive order (the ”Order”) pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the “1940 Act”), that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board’s May and June meetings were held telephonically in reliance on the Order.

28     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT

Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from their independent legal counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.

Approval of Advisory Agreement

In approving the Advisory Agreement with respect to the fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board’s conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board’s ongoing regular review of fund performance and operations throughout the year.

Nature, extent, and quality of services. Among the information received by the Board from the Advisor relating to the nature, extent, and quality of services provided to the fund, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor’s compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust’s Chief Compliance Officer (CCO) regarding the fund’s compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the fund’s compliance programs, risk management programs, liquidity management programs and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the fund, including but not limited to, general supervision of and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and other third-party service providers. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the fund including entrepreneurial risk in sponsoring new funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.

In considering the nature, extent, and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor’s management and the quality of the performance of the Advisor’s duties, through Board meetings, discussions and reports during the preceding year and through each Trustee’s experience as a Trustee of the Trust and of the other trusts in the John Hancock group of funds complex (the John Hancock Fund Complex).

In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:

(a) the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives; review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues;

(b) the background, qualifications, and skills of the Advisor’s personnel;

(c) the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments;

ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     29

(d) the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund;

(e) the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund;

(f) the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and

(g) the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments.

The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the fund.

Investment performance. In considering the fund’s performance, the Board noted that it reviews at its regularly scheduled meetings information about the fund’s performance results. In connection with the consideration of the Advisory Agreement, the Board:

(a) reviewed information prepared by management regarding the fund’s performance;

(b) considered the comparative performance of an applicable benchmark index;

(c) considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and

(d) took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally.

The Board noted that while it found the data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on the end date selected and the results of the performance comparisons may vary depending on the selection of the peer group. The Board noted that the fund outperformed its benchmark index for the one- and three-year periods ended December 31, 2019. The Board also noted that the fund underperformed the peer group median for the one- and three-year periods ended December 31, 2019. The Board took into account management’s discussion of the fund’s performance, including favorable performance relative to the benchmark index for the one- and three-year periods. The Board concluded that the fund’s performance has generally been in line with or outperformed the historical performance of the fund’s benchmark index.

Fees and expenses. The Board reviewed comparative information prepared by an independent third-party provider of fund data, including, among other data, the fund’s contractual and net management fees (and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the fund in light of the nature, extent and quality of the management and advisory and subadvisory services provided by the Advisor and the Subadvisor. The Board considered the fund’s ranking within a smaller group of peer funds chosen by the independent third-party provider, as well as the fund’s ranking within a broader group of funds. In comparing the fund’s contractual and net management fees to those of comparable funds, the Board noted that such fees include both advisory and administrative costs. The Board noted that net management fees for the fund are lower than the peer group median and net total expenses for the fund are equal to the peer group median.

30     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT

The Board took into account management’s discussion with respect to the overall management fee and the fees of the Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fee, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor pays the subadvisory fee, and that such fees are negotiated at arm’s length with respect to the Subadvisor. In addition, the Board took into account that management had agreed to implement an overall fee waiver across the complex, including the fund, which is discussed further below. The Board also noted actions taken over the past several years to reduce the fund’s operating expenses. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to the fund and that the fund has breakpoints in its contractual management fee schedule that reduce management fees as assets increase. The Board reviewed information provided by the Advisor concerning the investment advisory fee charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the John Hancock Fund Complex) having similar investment mandates, if any. The Board considered any differences between the Advisor’s and Subadvisor’s services to the fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fee paid with respect to the fund is reasonable in light of the nature, extent and quality of the services provided to the fund under the Advisory Agreement.

Profitability/Fall out benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates from the Advisor’s relationship with the Trust, the Board:

(a) reviewed financial information of the Advisor;

(b) reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund;

(c) received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund;

(d) received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies;

(e) considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board;

(f) considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement;

(g) noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund;

(h) noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund;

(i) noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length;

(j) considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and

ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     31

(k) considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk.

Based upon its review, the Board concluded that the level of profitability, if any, of the Advisor and its affiliates from their relationship with the fund was reasonable and not excessive.

Economies of scale. In considering the extent to which economies of scale would be realized as the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders, the Board:

(a) considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund;

(b) reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and

(c) the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale.

Approval of Subadvisory Agreement

In making its determination with respect to approval of the Subadvisory Agreement, the Board reviewed:

(1) information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex);

(2) the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds;

(3) the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data; and

(4) information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor.

Nature, extent, and quality of services. With respect to the services provided by the Subadvisor, the Board received information provided to the Board by the Subadvisor, including the Subadvisor’s Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor’s current level of staffing and its overall resources, as well as received information relating to the Subadvisor’s compensation program. The Board reviewed the Subadvisor’s history and investment experience, as well as information regarding the qualifications, background, and responsibilities of the Subadvisor’s investment and compliance personnel who provide services to the fund. The Board also considered, among other things, the Subadvisor’s compliance program and any disciplinary history. The Board also considered the Subadvisor’s risk assessment and monitoring process. The Board reviewed the Subadvisor’s regulatory history, including whether it was involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular, periodic reviews of the Subadvisor and its

32     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT

operations, including regarding investment processes and organizational and staffing matters. The Board also noted that the Trust’s CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.

The Board considered the Subadvisor’s investment process and philosophy. The Board took into account that the Subadvisor’s responsibilities include the development and maintenance of an investment program for the fund that is consistent with the fund’s investment objective, the selection of investment securities and the placement of orders for the purchase and sale of such securities, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to the Subadvisor’s brokerage policies and practices, including with respect to best execution and soft dollars.

Subadvisor compensation. In considering the cost of services to be provided by the Subadvisor and the profitability to the Subadvisor of its relationship with the fund, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the fund.

The Board also relied on the ability of the Advisor to negotiate the Subadvisory Agreement with the Subadvisor, which is not affiliated with the Advisor, and the fees thereunder at arm’s length. As a result, the costs of the services to be provided and the profits to be realized by the Subadvisor from its relationship with the Trust were not a material factor in the Board’s consideration of the Subadvisory Agreement.

The Board also received information regarding the nature and scope (including their significance to the Advisor and its affiliates and to the Subadvisor) of any material relationships with respect to the Subadvisor, which include arrangements in which the Subadvisor or its affiliates provide advisory, distribution, or management services in connection with financial products sponsored by the Advisor or its affiliates, and may include other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans. The Board also received information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.

In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor’s relationship with the fund, such as the opportunity to provide advisory services to additional funds in the John Hancock Fund Complex and reputational benefits.

Subadvisory fees. The Board considered that the fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. As noted above, the Board also considered the fund’s subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the fund as included in the report prepared by the independent third party provider of fund data, to the extent available. The Board noted that the limited size of the Lipper peer group was not sufficient for comparative purposes. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the fund and compared them to fees charged by the Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable

Subadvisor performance. As noted above, the Board considered the fund’s performance as compared to the fund’s peer group and the benchmark index and noted that the Board reviews information about the fund’s performance results at its regularly scheduled meetings. The Board noted the Advisor’s expertise and resources in monitoring the performance, investment style and risk-adjusted performance of the Subadvisor. The Board was mindful of the Advisor’s focus on the Subadvisor’s performance. The Board also noted the Subadvisor’s long-term performance record for similar accounts, as applicable.

The Board’s decision to approve the Subadvisory Agreement was based on a number of determinations, including the following:

(1) the Subadvisor has extensive experience and demonstrated skills as a manager;

ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     33

(2) the performance of the fund has generally been in line with or outperformed the historical performance of the fund’s benchmark index;

(3) the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and

(4) noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows.

* * *

Based on the Board’s evaluation of all factors that the Board deemed to be material, including those factors described above, the Board, including the Independent Trustees, concluded that renewal of the Advisory Agreement and the Subadvisory Agreement would be in the best interest of the fund and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement for an additional one-year period.

34     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT

Trustees and Officers

This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the fund and execute policies formulated by the Trustees.

Independent Trustees

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Hassell H. McClellan, Born: 1945	2012		196

Trustee and Chairperson of the Board

Director/Trustee, Virtus Funds (since 2008); Director, The Barnes Group (since 2010); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex.

Charles L. Bardelis,² Born: 1941 2012 196

Trustee

Director, Island Commuter Corp. (marine transport). Trustee, John Hancock Collateral Trust (since 2014), Trustee of various trusts within the John Hancock Fund Complex (since 1988).

James R. Boyle, Born: 1959   2015 196

Trustee

Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).

Peter S. Burgess,² Born: 1942 2012 196

Trustee

Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (since 2004); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005).

William H. Cunningham, Born: 1944 1986 196

Trustee

Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986).

Grace K. Fey, Born: 1946 2012 196

Trustee

Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     35

Independent Trustees (continued)

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Deborah C. Jackson, Born: 1952	2008		196

Trustee

President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Massachusetts Women’s Forum (since 2018); Board of Directors, National Association of Corporate Directors/New England (since 2015); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

James M. Oates,² Born: 1946 2012 196

Trustee

Managing Director, Wydown Group (financial consulting firm) (since 1994); Chairman and Director, Emerson Investment Management, Inc. (2000-2015); Independent Chairman, Hudson Castle Group, Inc. (formerly IBEX Capital Markets, Inc.) (financial services company) (1997–2011); Director, Stifel Financial (since 1996); Director, Investor Financial Services Corporation (1995–2007); Director, Connecticut River Bancorp (1998-2014); Director/Trustee, Virtus Funds (since 1988). Trustee (since 2004) and Chairperson of the Board (2005-2016) of various trusts within the John Hancock Fund Complex.

Steven R. Pruchansky, Born: 1944 1994 196

Trustee and Vice Chairperson of the Board

Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (since 2014); Director and President, Greenscapes of Southwest Florida, Inc. (2000-2014); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex.

Frances G. Rathke,^2,* Born: 1960 2020 196

Trustee

Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020).

36     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT

Independent Trustees (continued)

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Gregory A. Russo, Born: 1949	2009		196
Trustee

Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer,Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

Non-Independent Trustees³

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Andrew G. Arnott, Born: 1971	2017		196

President and Non-Independent Trustee

Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Executive Vice President, John Hancock Financial Services (since 2009, including prior positions); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).

Marianne Harrison, Born: 1963 2018 196

Non-Independent Trustee

President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors,MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018).

ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     37

Principal officers who are not Trustees

Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Officer of the Trust since
Charles A. Rizzo, Born: 1957		2007

Chief Financial Officer

Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007).

Salvatore Schiavone, Born: 1965 2010

Treasurer

Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions).

Christopher (Kit) Sechler, Born: 1973 2018

Chief Legal Officer and Secretary

Vice President and Deputy Chief Counsel, John Hancock Investments (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investments; Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2018); Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009).

Trevor Swanberg, Born: 1979 2020

Chief Compliance Officer

Chief Compliance Officer, various trusts within the John Hancock Fund Complex, John Hancock Investment Management LLC, and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2018–2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2016–2018); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016).

The business address for all Trustees and Officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023.

The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-5291.

¹  Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table.

²  Member of the Audit Committee.

³  The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

* Appointed as Independent Trustee effective as of September 15, 2020.

38     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     |     ANNUAL REPORT

More information

Trustees

Hassell H. McClellan, Chairperson

Steven R. Pruchansky, Vice Chairperson

Andrew G. Arnott^†

Charles L. Bardelis^*

James R. Boyle

Peter S. Burgess^*

William H. Cunningham

Grace K. Fey

Marianne Harrison^†

Deborah C. Jackson

James M. Oates^*

Frances G. Rathke^1,*

Gregory A. Russo

Officers

Andrew G. Arnott

President

Charles A. Rizzo

Chief Financial Officer

Salvatore Schiavone

Treasurer

Christopher (Kit) Sechler

Secretary and Chief Legal Officer

Trevor Swanberg²

Chief Compliance Officer

Investment advisor

John Hancock Investment Management LLC

Subadvisor

Boston Common Asset Management, LLC

Portfolio Managers

Praveen S. Abichandani, CFA

Corné Biemans

Matt A. Zalosh, CFA

Principal distributor

John Hancock Investment Management Distributors LLC

Custodian

Citibank, N.A.

Transfer agent

John Hancock Signature Services, Inc.

Legal counsel

K&L Gates LLP

Independent registered public accounting firm

PricewaterhouseCoopers LLP

* Member of the Audit Committee

^† Non-Independent Trustee

¹ Appointed as Independent Trustee effective as of September 15, 2020

² Effective July 31, 2020

The fund’s proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.

All of the fund’s holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The fund’s Form N-PORT filings are available on our website and the SEC’s website, sec.gov.

We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.

You can also contact us:
800-225-5291	Regular mail:	Express mail:
jhinvestments.com	John Hancock Signature Services, Inc.	John Hancock Signature Services, Inc.
	P.O. Box 219909	430 W 7th Street
	Kansas City, MO 64121-9909	Suite 219909
		Kansas City, MO 64105-1407

ANNUAL REPORT      |     JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND     39

Protect yourself by using eDelivery

Signing up for the electronic delivery of your statements and other financial publications is a great way to help protect your privacy. eDelivery provides you with secure, instant access to all of your statements in one convenient location.

BENEFITS OF EDELIVERY

◾	Added security: Password protection helps you safely retrieve documents online
◾	Save time: Receive instant email notification once statements are available
◾	Reduce clutter: View documents online to reduce the amount of paper for filing, shredding, or recycling

SIGN UP FOR EDELIVERY TODAY!

Direct shareholders

If you receive statements directly through John Hancock Investment Management and would like to participate in eDelivery, go to jhinvestments.com/login. To log in to your account, click on the “Log in” button on the page’s top right corner. In the “Access your investments account” area, go to the “Individual retirement or mutual fund account” section and select the option that applies to you. Please be aware that you may be required to provide your account number and certain personal account information.

You may revoke your consent at any time by simply visiting jhinvestments.com/login and following the instructions above. You may also revoke consent by calling 800-225-5291 or by writing to us at the following address: John Hancock Signature Services, P.O. Box 219909, Kansas City, MO 64121-9909. We reserve the right to deliver documents to you on paper at any time should the need arise.

Brokerage account shareholders

If you receive statements directly from your bank or broker and would like to participate in eDelivery, go to icsdelivery/live or contact your financial representative.

Not part of the shareholder report

Get your questions answered by using our shareholder resources

ONLINE

◾	Visit jhinvestments.com to access a range of resources for individual investors, from account details and fund information to forms and our latest insight on the markets and economy.
◾	Use our Fund Compare tool to compare thousands of funds and ETFs across dozens of risk and performance metrics—all powered by Morningstar.
◾	Visit our online Tax Center, where you’ll find helpful taxpayer resources all year long, including tax forms, planning guides, and other fund-specific information.
◾	Follow us on Facebook, Twitter, and LinkedIn to get the latest updates on the markets and what’s trending now.

BY PHONE

Call our customer service representatives at 800-225-5291, Monday to Thursday, 8:00 A.M. to 7:00 P.M., and Friday, 8:00 A.M. to 6:00 P.M., Eastern time. We’re here to help!

Not part of the shareholder report

John Hancock family of funds

DOMESTIC EQUITY FUNDS

Blue Chip Growth

Classic Value

Disciplined Value

Disciplined Value Mid Cap

Equity Income

Financial Industries

Fundamental All Cap Core

Fundamental Large Cap Core

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

GLOBAL AND INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

INCOME FUNDS

Bond

California Tax-Free Income

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Short Duration Bond

Short Duration Credit Opportunities

Strategic Income Opportunities

Tax-Free Bond

ALTERNATIVE AND SPECIALTY FUNDS

Absolute Return Currency

Alternative Asset Allocation

Alternative Risk Premia

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

A fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investment Management at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.

ASSET ALLOCATION

Balanced

Multi-Asset High Income

Multi-Index Lifetime Portfolios

Multi-Index Preservation Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

Retirement Income 2040

EXCHANGE-TRADED FUNDS

John Hancock Multifactor Consumer Discretionary ETF

John Hancock Multifactor Consumer Staples ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Energy ETF

John Hancock Multifactor Financials ETF

John Hancock Multifactor Healthcare ETF

John Hancock Multifactor Industrials ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Materials ETF

John Hancock Multifactor Media and Communications ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Multifactor Technology ETF

John Hancock Multifactor Utilities ETF

ENVIRONMENTAL, SOCIAL, AND GOVERNANCE FUNDS

ESG All Cap Core

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Financial Opportunities

Hedged Equity & Income

Income Securities Trust

Investors Trust

Preferred Income

Preferred Income II

Preferred Income III

Premium Dividend

Tax-Advantaged Dividend Income

Tax-Advantaged Global Shareholder Yield

John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC or Dimensional Fund Advisors LP.

Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.

John Hancock Investment Management

A trusted brand

John Hancock Investment Management is a premier asset manager with a heritage of financial stewardship dating back to 1862. Helping our shareholders pursue their financial goals is at the core of everything we do. It’s why we support the role of professional financial advice and operate with the highest standards of conduct and integrity.

A better way to invest

We serve investors globally through a unique multimanager approach: We search the world to find proven portfolio teams with specialized expertise for every strategy we offer, then we apply robust investment oversight to ensure they continue to meet our uncompromising standards and serve the best interests of our shareholders.

Results for investors

Our unique approach to asset management enables us to provide a diverse set of investments backed by some of the world’s best managers, along with strong risk-adjusted returns across asset classes.

John Hancock Investment Management Distributors LLC ∎ Member FINRA, SIPC

200 Berkeley Street ∎ Boston, MA 02116-5010 ∎ 800-225-5291 ∎ jhinvestments.com

This report is for the information of the shareholders of John Hancock ESG International Equity Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

MF1399331	469A 10/20
	12/2020

Dear shareholders,

Despite heightened fears over the coronavirus (COVID-19), which sent markets tumbling in the first quarter of the calendar year, global financial markets delivered positive returns for the 12 months ended October 31, 2020. The governments of many nations worked to shore up their economies, and equity markets began to rise from their first-quarter sell-off; this comeback gathered momentum for the remainder of the period.

Of course, it would be a mistake to consider this market turnaround a trustworthy signal of assured or swift economic recovery. Economic growth has slowed as the ongoing spread of COVID-19 continues to create uncertainty among businesses and investors. Lockdowns and curfews in certain parts of the world have been reinstated and consumer spending remains far below prepandemic levels.

From an investment perspective, we continue to think that maintaining a focus on long-term objectives while pursuing a risk-aware strategy is a prudent way forward. Above all, we believe the counsel of a trusted financial professional continues to matter now more than ever. Periods of heightened uncertainty are precisely the time to review your financial goals and follow a plan that helps you make the most of what continues to be a challenging situation.

On behalf of everyone at John Hancock Investment Management, I’d like to take this opportunity to welcome new shareholders and thank existing shareholders for the continued trust you’ve placed in us.

Sincerely,

Andrew G. Arnott

President and CEO,

John Hancock Investment Management

Head of Wealth and Asset Management,

United States and Europe

This commentary reflects the CEO’s views as of this report’s period end and are subject to change at any time. Diversification does not guarantee investment returns and does not eliminate risk of loss. All investments entail risks, including the possible loss of principal. For more up-to-date information, you can visit our website at jhinvestments.com.

John Hancock

Global Thematic Opportunities Fund

Table of contents
	2	Your fund at a glance
	4	Manager’s discussion of fund performance
	6	A look at performance
	8	Your expenses
	10	Fund’s investments
	13	Financial statements
	17	Financial highlights
	22	Notes to financial statements
	31	Report of independent registered public accounting firm
	32	Tax information
	33	Continuation of investment advisory and subadvisory agreements
	40	Trustees and Officers
	44	More information

ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     1

Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks growth through capital appreciation by investing mainly in equities of companies that may benefit from global long-term market themes.

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2020 (%)

The MSCI All Country World Index is a free float adjusted market capitalization weighted designed to measure the equity market performance of developed markets and emerging markets.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

The fund’s Morningstar category average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on their historical portfolio holdings. Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower. Since inception returns for the Morningstar fund category average are not available.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Performance of the other share classes will vary based on the difference in the fees and expenses of those classes. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and can be found at jhinvestments.com or by calling 800-225-5291. For further information on the fund’s objectives, risks, and strategy, see the fund’s prospectus.

2     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT

PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

Vaccine news and policy efforts boosted stocks

Positive news about potential vaccines for the coronavirus, as well as relentless central bank efforts and the economic and social reopening of most regions, boosted global equities, with United States and information technology (IT) stocks delivering the best performance.

The fund’s asset allocation drove relative outperformance

The fund had a positive absolute return and outperformed the MSCI All Country World Index due primarily to an overweight in the strong-performing IT sector and underweights to the weaker financials and energy sectors.

Stock selection effects were mixed

Weak stock selection in the IT sector was offset by positive selection in the industrials, healthcare, and communication services sectors, with companies supporting trends such as automation and healthcare services among the best performers.

SECTOR COMPOSITION AS OF 10/31/2020 (% of net assets)

A note about risks

The fund may be subject to various risks as described in the fund’s prospectus. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance. For example, the novel coronavirus disease (COVID-19) has resulted in significant disruptions to global business activity. The impact of a health crisis and other epidemics and pandemics that may arise in the future, could affect the global economy in ways that cannot necessarily be foreseen at the present time. A health crisis may exacerbate other pre-existing political, social, and economic risks. Any such impact could adversely affect the fund’s performance, resulting in losses to your investment. For more information, please refer to the ”Principal risks” section of the prospectus.

ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     3

Manager’s discussion of fund performance

What factors affected global equity markets during the 12 months ended October 31, 2020?

The decade-long bull market came to an abrupt end as the COVID-19 pandemic resulted in a quasiglobal lockdown during the first quarter of 2020 and the worst three-month performance on record for the fund’s benchmark, the MSCI All Country World Index. After this dismal start, markets rebounded strongly during the rest of the year. Positive news flow about potential vaccines for the coronavirus helped markets beginning in the third quarter, as did relentless central bank efforts and the economic and social reopening of most regions. Overall, given the paradigm shift in work-from-home availability, countries highly exposed to information technology (IT), such as China, Taiwan, and South Korea, all outperformed the overall market. Utilities, a defensive sector, and energy, where end-market demand has suffered as lockdowns weighed on oil prices, lagged the most. From a regional perspective, the largest returns came from North America, while Europe underperformed over fears of a second COVID-19 wave.

How did the fund respond to these market conditions?

The fund posted a positive return and outperformed its benchmark. Outperformance was the result of sector allocation, with stock selection deterring somewhat. The large positive allocation effect was a result of a significant underweight in financials and a lack of exposure to energy, the two

TOP 10 HOLDINGS		TOP 10 COUNTRIES
AS OF 10/31/2020 (% of net assets)		AS OF 10/31/2020 (% of net assets)
Thermo Fisher Scientific, Inc.	3.5	United States	61.9
Alibaba Group Holding, Ltd., ADR	3.5	China	8.7
UnitedHealth Group, Inc.	3.1	France	5.8
Fidelity National Financial, Inc.	3.0	United Kingdom	4.6
Roche Holding AG	2.7	South Korea	4.0
Synopsys, Inc.	2.6	Ireland	3.4
Quest Diagnostics, Inc.	2.6	Germany	2.9
KLA Corp.	2.6	Switzerland	2.7
Applied Materials, Inc.	2.5	Sweden	2.4
Zebra Technologies Corp., Class A	2.5	Hong Kong	1.0
TOTAL	28.6	TOTAL	97.4
Cash and cash equivalents are not included.		Cash and cash equivalents are not included.

4     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT

worst-performing sectors over the last 12 months, as well as a large overweight in IT, the best-performing sector in the index. Stock selection in the IT sector was the primary detractor, but was partially offset by strong selection in the industrials, healthcare, and communication services sectors.

MANAGED BY Hans Peter Portner, CFA Gertjan Van Der Geer

From a regional perspective, the portfolio was supported by a large positive stock selection effect, concentrated in European industrials, while the allocation effect was a slight negative due to a small underweight in outperforming North America and an overweight in Europe, which lagged during the reporting period. What holdings were instrumental? The largest positive contribution came from Thermo Fisher Scientific, Inc., which offers goods and services for COVID-19 testing and saw strong demand for their products, culminating in their highest-ever quarterly sales and earnings. Synopsys, Inc. was a strong performer as demand improved for semiconductors and design tools for the development of new chipsets used in a wide range of applications such as computers, data centers, 5G, and electric vehicles. Irish insulation materials manufacturer Kingspan Group PLC also rebounded strongly as plans for a green recovery boosted the longer-term outlook for energy-efficiency stocks. On the negative side, one of the largest detractors was owning Apple, Inc. only for a short time early in the period. Apple was a star performer during the stay-at-home period and an index heavyweight, but we sold it off before its run up. Another underperformer was Fidelity National Financial, Inc., a payment services company that suffered from a multiple contraction after announcing an acquisition that coincided with the March stock market crash. The views expressed in this report are exclusively those of Hans Peter Portner, CFA, and Gertjan Van Der Geer, Pictet Asset Management, and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the fund for the entire period. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk.

ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     5

A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2020
	Average annual total returns (%)			Cumulative total returns (%)
		with maximum sales charge			with maximum sales charge
		1-year	Since inception (12-14-18)		Since inception (12-14-18)
Class A		2.92	12.03		23.83
Class C		6.50	14.28		28.56
Class I1		8.53	15.42		31.00
Class R61		8.70	15.52		31.21
Class NAV1		8.62	15.53		31.22
Index†		4.89	10.15		19.96

Performance figures assume all distributions are reinvested. Figures reflect maximum sales charges on Class A shares of 5% and the applicable contingent deferred sales charge (CDSC) on Class C shares. Class C shares sold within one year of purchase are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R6, and Class NAV shares.

The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the fund and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual fee waivers and expense limitations in effect until February 28, 2021 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:

	Class A	Class C	Class I	Class R6	Class NAV
Gross (%)	1.37	2.12	1.12	1.01	1.00
Net (%)	1.19	1.94	0.94	0.85	0.84

Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.

The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the fund’s website at jhinvestments.com.

The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The fund’s performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.

^† Index is the MSCI All Country World Index.

See the following page for footnotes.

6     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT

This chart and table show what happened to a hypothetical $10,000 investment in John Hancock Global Thematic Opportunities Fund for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in the MSCI All Country World Index

	Start date		With maximum sales charge ($)		Without sales charge ($)		Index ($)
Class C2		12-14-18		12,856		12,856		11,996
Class I1		12-14-18		13,100		13,100		11,996
Class R61		12-14-18		13,121		13,121		11,996
Class NAV1		12-14-18		13,122		13,122		11,996

The MSCI All Country World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets and emerging markets.

Prior to March 1, 2020, the fund’s primary benchmark was the MSCI World Index. Effective March 1, 2020, the fund’s primary benchmark is the MSCI All Country World Index, which is better aligned with the fund’s investment strategy.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

Footnotes related to performance pages

¹  For certain types of investors, as described in the fund’s prospectuses.

²  The contingent deferred sales charge is not applicable.

ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     7

Your expenses

These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds.

Understanding fund expenses

As a shareholder of the fund, you incur two types of costs:

∎ Transaction costs, which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc.

∎ Ongoing operating expenses, including management fees, distribution and service fees (if applicable), and other fund expenses.

We are presenting only your ongoing operating expenses here.

Actual expenses/actual returns

The first line of each share class in the table on the following page is intended to provide information about the fund’s actual ongoing operating expenses, and is based on the fund’s actual return. It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020.

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at October 31, 2020, by $1,000.00, then multiply it by the ”expenses paid” for your share class from the table. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

Hypothetical example for comparison purposes

The second line of each share class in the table on the following page allows you to compare the fund’s ongoing operating expenses with those of any other fund. It provides an example of the fund’s hypothetical account values and hypothetical expenses based on each class’s actual expense ratio and an assumed 5% annualized return before expenses (which is not the class’s actual return). It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

8     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT

Remember, these examples do not include any transaction costs, therefore, these examples will not help you to determine the relative total costs of owning different funds. If transaction costs were included, your expenses would have been higher. See the prospectus for details regarding transaction costs.

SHAREHOLDER EXPENSE EXAMPLE CHART

		Account value on 5-1-2020		Ending value on 10-31-2020		Expenses paid during period ended 10-31-20201		Annualized expense ratio
Class A	Actual expenses/actual returns	$	1,000.00	$	1,172.70	$	6.50		1.19	%
	Hypothetical example		1,000.00		1,019.20		6.04		1.19	%
Class C	Actual expenses/actual returns		1,000.00		1,168.10		10.57		1.94	%
	Hypothetical example		1,000.00		1,015.40		9.83		1.94	%
Class I	Actual expenses/actual returns		1,000.00		1,174.40		5.14		0.94	%
	Hypothetical example		1,000.00		1,020.40		4.77		0.94	%
Class R6	Actual expenses/actual returns		1,000.00		1,174.30		4.65		0.85	%
	Hypothetical example		1,000.00		1,020.90		4.32		0.85	%
Class NAV	Actual expenses/actual returns		1,000.00		1,174.30		4.59		0.84	%
	Hypothetical example		1,000.00		1,020.90		4.27		0.84	%

¹  Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period).

ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     9

Fund’s investments

AS OF 10-31-20

	Shares		Value
Common stocks 96.0%			$	320,047,138
(Cost $270,701,404)
China 8.7%				28,953,598
Alibaba Group Holding, Ltd., ADR (A)		37,842		11,530,077
China Vanke Company, Ltd., H Shares		1,467,200		4,554,138
NetEase, Inc., ADR		58,310		5,060,725
Tencent Holdings, Ltd.		102,200		7,808,658
France 5.8%				19,406,725
Kering SA		13,640		8,242,843
Schneider Electric SE		54,929		6,674,208
Worldline SA (A)(B)		60,617		4,489,674
Germany 2.9%				9,561,586
Siemens AG		52,334		6,139,599
Vonovia SE		53,583		3,421,987
Hong Kong 1.0%				3,526,836
Guangdong Investment, Ltd.		2,378,000		3,526,836
Ireland 3.4%				11,348,453
Allegion PLC		59,093		5,820,661
Kingspan Group PLC (A)		63,342		5,527,792
Japan 1.0%				3,320,420
Horiba, Ltd.		67,500		3,320,420
South Korea 1.6%				5,448,778
Coway Company, Ltd. (A)		88,985		5,448,778
Sweden 2.4%				7,897,846
Hexagon AB, B Shares (A)		107,751		7,897,846
Switzerland 2.7%				9,079,865
Roche Holding AG		28,257		9,079,865
United Kingdom 4.6%				15,245,964
Bunzl PLC		184,449		5,733,857
Mondi PLC		159,168		3,016,772
Severn Trent PLC		96,773		3,045,668
Unilever NV (C)		61,193		3,449,667
United States 61.9%				206,257,067
Alphabet, Inc., Class A (A)		3,588		5,798,603
AMETEK, Inc.		38,874		3,817,427
Applied Materials, Inc.		139,541		8,265,013
Blueprint Medicines Corp. (A)		18,327		1,874,486
Boston Scientific Corp. (A)		218,260		7,479,770

10     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Shares		Value
United States (continued)
Cisco Systems, Inc.		164,097	$	5,891,082
Comcast Corp., Class A		158,664		6,701,967
Danaher Corp.		16,820		3,860,863
Dropbox, Inc., Class A (A)		89,356		1,631,641
Edwards Lifesciences Corp. (A)		68,137		4,884,742
Essential Utilities, Inc.		88,712		3,654,934
Exelixis, Inc. (A)		94,627		1,937,961
Facebook, Inc., Class A (A)		17,148		4,511,810
Fidelity National Financial, Inc.		317,134		9,923,123
Fidelity National Information Services, Inc.		58,036		7,230,705
Fortune Brands Home & Security, Inc.		72,679		5,877,551
Gilead Sciences, Inc.		55,375		3,220,056
Global Blood Therapeutics, Inc. (A)		28,249		1,493,807
Global Payments, Inc.		38,075		6,005,951
Halozyme Therapeutics, Inc. (A)		65,254		1,827,112
Intuit, Inc.		7,885		2,481,252
KLA Corp.		43,751		8,626,822
MAXIMUS, Inc.		111,660		7,545,983
Microsoft Corp.		33,273		6,736,784
Neurocrine Biosciences, Inc. (A)		17,104		1,687,652
NextEra Energy, Inc.		51,556		3,774,415
PayPal Holdings, Inc. (A)		23,393		4,354,139
Quest Diagnostics, Inc.		70,656		8,629,924
Stanley Black & Decker, Inc.		24,266		4,033,009
Synopsys, Inc. (A)		40,721		8,708,593
The Toro Company		93,356		7,664,528
Thermo Fisher Scientific, Inc.		24,585		11,631,655
Tractor Supply Company		25,571		3,406,313
TransUnion		44,034		3,507,748
Turning Point Therapeutics, Inc. (A)		24,247		2,235,331
UnitedHealth Group, Inc.		34,095		10,403,748
Vertex Pharmaceuticals, Inc. (A)		6,670		1,389,761
Visa, Inc., Class A		29,158		5,298,300
Zebra Technologies Corp., Class A (A)		29,095		8,252,506
Preferred securities 2.4%			$	7,840,243
(Cost $5,647,551)
South Korea 2.4%				7,840,243
Samsung Electronics Company, Ltd.		176,245		7,840,243

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     11

	Yield	(%)	Shares		Value
Short-term investments 1.1%				$	3,637,851
(Cost $3,637,887)
Short-term funds 1.1%					3,637,851
John Hancock Collateral Trust (D)	0.2508	(E)	363,472		3,637,851
Total investments (Cost $279,986,842) 99.5%				$	331,525,232
Other assets and liabilities, net 0.5%					1,709,812
Total net assets 100.0%				$	333,235,044

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

Security Abbreviations and Legend

ADR	American Depositary Receipt
(A)	Non-income producing security.
(B)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(C)	All or a portion of this security is on loan as of 10-31-20.
(D)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
(E)	The rate shown is the annualized seven-day yield as of 10-31-20.

At 10-31-20, the aggregate cost of investments for federal income tax purposes was $280,794,237. Net unrealized appreciation aggregated to $50,730,995, of which $58,724,531 related to gross unrealized appreciation and $7,993,536 related to gross unrealized depreciation.

12     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Financial statements

STATEMENT OF ASSETS AND LIABILITIES 10-31-20
Assets
Unaffiliated investments, at value (Cost $276,348,955) including $3,464,172 of securities loaned	$	327,887,381
Affiliated investments, at value (Cost $3,637,887)		3,637,851
Total investments, at value (Cost $279,986,842)		331,525,232
Cash		4,163,804
Foreign currency, at value (Cost $55,049)		55,031
Dividends and interest receivable		350,328
Receivable for fund shares sold		5,740
Receivable for investments sold		3,513,862
Receivable for securities lending income		108
Receivable from affiliates		1,980
Other assets		62,856
Total assets		339,678,941
Liabilities
Payable for investments purchased		2,569,876
Payable for fund shares repurchased		64,123
Payable upon return of securities loaned		3,637,889
Payable to affiliates
Accounting and legal services fees		12,904
Transfer agent fees		131
Trustees’ fees		68
Other liabilities and accrued expenses		158,906
Total liabilities		6,443,897
Net assets	$	333,235,044
Net assets consist of
Paid-in capital	$	260,935,439
Total distributable earnings (loss)		72,299,605
Net assets	$	333,235,044

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND      13

STATEMENT OF ASSETS AND LIABILITIES (continued)

Net asset value per share
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value
Class A ($845,164 ÷ 67,299 shares)1	$	12.56
Class C ($342,742 ÷ 27,555 shares)1	$	12.44
Class I ($80,255 ÷ 6,376 shares)	$	12.59
Class R6 ($90,106 ÷ 7,153 shares)	$	12.60
Class NAV ($331,876,777 ÷ 26,334,390 shares)	$	12.60
Maximum offering price per share
Class A (net asset value per share ÷ 95%)2	$	13.22

¹  Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

²  On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.

14     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

STATEMENT OF OPERATIONS For the year ended 10-31-20

Investment income
Dividends	$	5,739,901
Interest		32,294
Securities lending		21,303
Less foreign taxes withheld		(252,607	)
Total investment income		5,540,891
Expenses
Investment management fees		2,846,425
Distribution and service fees		3,688
Accounting and legal services fees		66,932
Transfer agent fees		1,172
Trustees’ fees		5,528
Custodian fees		116,748
State registration fees		76,981
Printing and postage		53,821
Professional fees		76,226
Other		34,487
Total expenses		3,282,008
Less expense reductions		(396,512	)
Net expenses		2,885,496
Net investment income		2,655,395
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments and foreign currency transactions		19,125,114
Affiliated investments		1,398
		19,126,512
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments and translation of assets and liabilities in foreign currencies		7,706,122
Affiliated investments		(412	)
		7,705,710
Net realized and unrealized gain		26,832,222
Increase in net assets from operations	$	29,487,617

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     15

STATEMENTS OF CHANGES IN NET ASSETS
	Year ended 10-31-20			Period ended 10-31-191
Increase (decrease) in net assets
From operations
Net investment income		$2,655,395			$2,455,246
Net realized gain		19,126,512			11,109,282
Change in net unrealized appreciation (depreciation)		7,705,710			43,847,618
Increase in net assets resulting from operations		29,487,617			57,412,146
Distributions to shareholders
From earnings
Class A		(16,263	)		—
Class C		(2,882	)		—
Class I		(3,102	)		—
Class R6		(2,907	)		—
Class NAV		(14,600,822	)		—
Total distributions		(14,625,976	)		—
From fund share transactions		(44,452,602	)		305,413,859
Total increase (decrease)		(29,590,961	)		362,826,005
Net assets
Beginning of year		362,826,005			—
End of year		$333,235,044			$362,826,005

¹  Period from 12-14-18 (commencement of operations) to 10-31-19.

16     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Financial highlights

CLASS A SHARES Period ended	10-31-20			10-31-191
Per share operating performance
Net asset value, beginning of period		$12.04			$10.00
Net investment income2		0.06			0.04
Net realized and unrealized gain (loss) on investments		0.92			2.00
Total from investment operations		0.98			2.04
Less distributions
From net investment income		(0.06	)		—
From net realized gain		(0.40	)		—
Total distributions		(0.46	)		—
Net asset value, end of period		$12.56			$12.04
Total return (%)3,4		8.30			20.40	5
Ratios and supplemental data
Net assets, end of period (in millions)		$1			$1
Ratios (as a percentage of average net assets):
Expenses before reductions		1.33			1.37	6
Expenses including reductions		1.19			1.19	6
Net investment income		0.48			0.39	6
Portfolio turnover (%)		58			59

¹  Period from 12-14-18 (commencement of operations) to 10-31-19.

² Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the period.

⁴  Does not reflect the effect of sales charges, if any.

⁵  Not annualized.

⁶  Annualized.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     17

CLASS C SHARES Period ended	10-31-20			10-31-191
Per share operating performance
Net asset value, beginning of period		$11.96			$10.00
Net investment loss2		(0.03	)		(0.03	)
Net realized and unrealized gain (loss) on investments		0.91			1.99
Total from investment operations		0.88			1.96
Less distributions
From net realized gain		(0.40	)		—
Net asset value, end of period		$12.44			$11.96
Total return (%)3,4		7.50			19.60	5
Ratios and supplemental data
Net assets, end of period (in millions)		$—	6		$—	6
Ratios (as a percentage of average net assets):
Expenses before reductions		2.08			2.12	7
Expenses including reductions		1.94			1.94	7
Net investment loss		(0.22	)		(0.30	)7
Portfolio turnover (%)		58			59

¹  Period from 12-14-18 (commencement of operations) to 10-31-19.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the period.

⁴  Does not reflect the effect of sales charges, if any.

⁵  Not annualized.

⁶  Less than $500,000.

⁷  Annualized.

18     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS I SHARES Period ended	10-31-20			10-31-191
Per share operating performance
Net asset value, beginning of period		$12.07			$10.00
Net investment income2		0.08			0.07
Net realized and unrealized gain (loss) on investments		0.93			2.00
Total from investment operations		1.01			2.07
Less distributions
From net investment income		(0.09	)		—
From net realized gain		(0.40	)		—
Total distributions		(0.49	)		—
Net asset value, end of period		$12.59			$12.07
Total return (%)3		8.53			20.70	4
Ratios and supplemental data
Net assets, end of period (in millions)		$—	5		$—	5
Ratios (as a percentage of average net assets):
Expenses before reductions		1.08			1.12	6
Expenses including reductions		0.94			0.94	6
Net investment income		0.69			0.73	6
Portfolio turnover (%)		58			59

¹  Period from 12-14-18 (commencement of operations) to 10-31-19.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the period.

⁴  Not annualized.

⁵  Less than $500,000.

⁶  Annualized.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     19

CLASS R6 SHARES Period ended	10-31-20			10-31-191
Per share operating performance
Net asset value, beginning of period		$12.07			$10.00
Net investment income2		0.09			0.08
Net realized and unrealized gain (loss) on investments		0.94			1.99
Total from investment operations		1.03			2.07
Less distributions
From net investment income		(0.10	)		—
From net realized gain		(0.40	)		—
Total distributions		(0.50	)		—
Net asset value, end of period		$12.60			$12.07
Total return (%)3		8.70			20.70	4
Ratios and supplemental data
Net assets, end of period (in millions)		$—	5		$—	5
Ratios (as a percentage of average net assets):
Expenses before reductions		0.97			1.01	6
Expenses including reductions		0.85			0.85	6
Net investment income		0.79			0.82	6
Portfolio turnover (%)		58			59

¹  Period from 12-14-18 (commencement of operations) to 10-31-19.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the period.

⁴  Not annualized.

⁵  Less than $500,000.

⁶  Annualized.

20     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS NAV SHARES Period ended	10-31-20			10-31-191
Per share operating performance
Net asset value, beginning of period		$12.08			$10.00
Net investment income2		0.09			0.09
Net realized and unrealized gain (loss) on investments		0.93			1.99
Total from investment operations		1.02			2.08
Less distributions
From net investment income		(0.10	)		—
From net realized gain		(0.40	)		—
Total distributions		(0.50	)		—
Net asset value, end of period		$12.60			$12.08
Total return (%)3		8.62			20.80	4
Ratios and supplemental data
Net assets, end of period (in millions)		$332			$362
Ratios (as a percentage of average net assets):
Expenses before reductions		0.96			1.00	5
Expenses including reductions		0.84			0.84	5
Net investment income		0.78			0.88	5
Portfolio turnover (%)		58			59

¹  Period from 12-14-18 (commencement of operations) to 10-31-19.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the period.

⁴  Not annualized.

⁵  Annualized.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     21

Notes to financial statements

Note 1 — Organization

John Hancock Global Thematic Opportunities Fund (the fund) is a series of John Hancock Investment Trust (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective of the fund is to seek growth through capital appreciation by investing mainly in equities of companies that may benefit from global long-term market themes.

The fund may offer multiple classes of shares. The shares currently outstanding are detailed in the Statement of assets and liabilities. Class A and Class C shares are offered to all investors. Class I shares are offered to institutions and certain investors. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class NAV shares are offered to John Hancock affiliated funds of funds, retirement plans for employees of John Hancock and/or Manulife Financial Corporation, and certain 529 plans. Class C shares convert to Class A shares ten years after purchase (certain exclusions may apply). Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.

Effective November 1, 2020, Class C shares convert to Class A shares eight years after purchase (certain exclusions may apply).

Note 2 — Significant accounting policies

The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of US GAAP.

Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the fund:

Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the fund’s Valuation Policies and Procedures.

In order to value the securities, the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.

In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund’s Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such

22     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT

securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the fund’s Pricing Committee, following procedures established by the Board of Trustees. The fund uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets 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, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund’s own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the fund’s investments as of October 31, 2020, by major security category or type:

	Total value at 10-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Investments in securities:
Assets
Common stocks
China	$28,953,598	$16,590,802	$12,362,796	—
France	19,406,725	—	19,406,725	—
Germany	9,561,586	—	9,561,586	—
Hong Kong	3,526,836	—	3,526,836	—
Ireland	11,348,453	5,820,661	5,527,792	—
Japan	3,320,420	—	3,320,420	—
South Korea	5,448,778	—	5,448,778	—
Sweden	7,897,846	—	7,897,846	—
Switzerland	9,079,865	—	9,079,865	—
United Kingdom	15,245,964	—	15,245,964	—
United States	206,257,067	206,257,067	—	—
Preferred securities	7,840,243	—	7,840,243	—
Short-term investments	3,637,851	3,637,851	—	—
Total investments in securities	$331,525,232	$232,306,381	$99,218,851	—

Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Dividend income is recorded on the ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the

ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     23

ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.

Securities lending. The fund may lend its securities to earn additional income. The fund receives collateral from the borrower in an amount not less than the market value of the loaned securities. The fund will invest its cash collateral in JHCT, an affiliate of the fund, which has a floating NAV and is registered with the Securities and Exchange Commission (SEC) as an investment company. JHCT invests in short-term money market investments. The fund will receive the benefit of any gains and bear any losses generated by JHCT with respect to the cash collateral.

The fund has the right to recall loaned securities on demand. If a borrower fails to return loaned securities when due, then the lending agent is responsible and indemnifies the fund for the lent securities. The lending agent uses the collateral received from the borrower to purchase replacement securities of the same issue, type, class and series of the loaned securities. If the value of the collateral is less than the purchase cost of replacement securities, the lending agent is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any decrease in the value of JHCT.

Although the risk of loss on securities lent is mitigated by receiving collateral from the borrower and through lending agent indemnification, the fund could experience a delay in recovering securities or could experience a lower than expected return if the borrower fails to return the securities on a timely basis. The fund receives compensation for lending its securities by retaining a portion of the return on the investment of the collateral and compensation from fees earned from borrowers of the securities. Securities lending income received by the fund is net of fees retained by the securities lending agent. Net income received from JHCT is a component of securities lending income as recorded on the Statement of operations.

Obligations to repay collateral received by the fund are shown on the Statement of assets and liabilities as Payable upon return of securities loaned and are secured by the loaned securities. As of October 31, 2020, the fund loaned securities valued at $3,464,172 and received $3,637,889 of cash collateral.

Foreign investing. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is reflected as a component of the realized and unrealized gains (losses) on investments. Foreign investments are subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.

Funds that invest internationally generally carry more risk than funds that invest strictly in U.S. securities. These risks are heightened for investments in emerging markets. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors.

Foreign taxes. The fund may be subject to withholding tax on income, capital gains or repatriations imposed by certain countries, a portion of which may be recoverable. Foreign taxes are accrued based upon the fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued based on gains realized by the fund as a result of certain foreign security sales. In certain circumstances, estimated taxes are accrued based on unrealized appreciation of such securities. Investment income is recorded net of foreign withholding taxes.

Overdraft. The fund may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the fund’s custodian agreement, the custodian may loan money to the fund to make properly authorized payments. The fund

24     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT

is obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.

Line of credit. Effective June 25, 2020, the fund and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, the fund can borrow up to an aggregate commitment amount of $850 million, subject to asset coverage and other limitations as specified in the agreement. Each participating fund paid an upfront fee in connection with this line of credit agreement, which is charged based on a combination of fixed and asset-based allocations and amortized over 365 days. Prior to June 25, 2020, the fund and other affiliated funds had a similar agreement that enabled them to participate in a $750 million unsecured committed line of credit. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of the line of credit, is charged to each participating fund based on a combination of fixed and asset-based allocations and is reflected in Other expenses on the Statement of operations. For the year ended October 31, 2020, the fund had no borrowings under the line of credit. Commitment fees, including upfront fees, for the year ended October 31, 2020 were $4,591.

Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund’s relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the fund level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.

Federal income taxes. The fund intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

As of October 31, 2020, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund’s federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.

Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The fund generally declares and pays dividends annually. Capital gain distributions, if any, are typically distributed annually.

The tax character of distributions for the year ended October 31, 2020 and for the period ended October 31, 2019 was as follows:

	October 31, 2020	October 31, 2019
Ordinary income	$14,625,976	—

Distributions paid by the fund with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class. As of October 31, 2020, the components of distributable earnings on a tax basis consisted of $8,403,933 of undistributed ordinary income and $13,149,739 of undistributed long-term capital gains.

ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     25

Such distributions and distributable earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund’s financial statements as a return of capital.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to wash sale loss deferrals.

Note 3 — Guarantees and indemnifications

Under the Trust’s organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the fund. Additionally, in the normal course of business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.

Note 4 — Fees and transactions with affiliates

John Hancock Investment Management LLC (the Advisor) serves as investment advisor for the fund. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the fund. The Advisor and the Distributor are indirect, principally owned subsidiaries of Manulife Financial Corporation.

Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor equivalent on an annual basis to the sum of: (a) 0.840% of the first $250 million of the fund’s aggregate average daily net assets; (b) 0.815% of the next $250 million of the fund’s aggregate average daily net assets; (c) 0.790% of the next $500 million of the fund’s aggregate average daily net assets; (d) 0.750% of the next $1 billion of the fund’s aggregate average daily net assets and (e) 0.730% of the fund’s aggregate average daily net assets in excess of $2 billion. When aggregate net assets exceed $1 billion, but are less than or equal to $2 billion, the advisory fee rate is 0.750% on all net assets of the fund. When aggregate net assets exceed $2 billion, the advisory fee rate is 0.730% on all net assets of the fund. Aggregate net assets include the net assets of the fund, Manulife Global Thematic Opportunities Fund (a Canadian mutual fund trust), and Manulife Global Thematic Opportunities Class (a class of mutual fund shares of Manulife Investment Exchange Funds Corp.). The Advisor has a subadvisory agreement with Pictet Asset Management SA. The fund is not responsible for payment of the subadvisory fees.

The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the year ended October 31, 2020, this waiver amounted to 0.01% of the fund’s average daily net assets. This arrangement expires on July 31, 2022, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

The Advisor has contractually agreed to reduce its management fee or, if necessary, make payment to the fund in an amount equal to the amount by which expenses of the fund exceed 0.84% of average daily net assets, on an annualized basis and expenses of Class A, Class C, and Class I shares exceed 1.19%, 1.94%, and 0.94%, respectively, of average daily net assets attributable to the class. Expenses of the fund means all expenses of the fund excluding taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the fund’s business, class-specific expenses, borrowing costs, prime brokerage fees, acquired fund fees and expenses paid indirectly, and short dividend expense. Expenses of Class A, Class C, and Class I shares means all expenses of the fund attributable to the

26     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT

applicable class plus class-specific expenses. Each agreement expires on February 28, 2021, unless renewed by mutual agreement of the fund and Advisor based upon a determination that this is appropriate under the circumstances at that time.

For the year ended October 31, 2020, the expense reductions described above amounted to the following:

Class	Expense reduction
Class A		$933
Class C		293
Class I		106

Class	Expense reduction
Class R6		$93
Class NAV		395,087
Total		$396,512

Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.

The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended October 31, 2020, were equivalent to a net annual effective rate of 0.71% of the fund’s average daily net assets.

Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the year ended October 31, 2020, amounted to an annual rate of 0.02% of the fund’s average daily net assets.

Distribution and service plans. The fund has a distribution agreement with the Distributor. The fund has adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the fund. The fund may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the fund’s shares:

Class	Rule 12b-1 Fee
Class A		0.25%
Class C		1.00%

Sales charges. Class A shares are assessed up-front sales charges, which resulted in payments to the Distributor amounting to $1,203 for the year ended October 31, 2020. Of this amount, $206 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $997 was paid as sales commissions to broker-dealers.

Class A and Class C shares may be subject to contingent deferred sales charges (CDSCs).Certain Class A shares that are acquired through purchases of $1 million or more and are redeemed within one year of purchase are subject to a 1.00% sales charge. Class C shares that are redeemed within one year of purchase are subject to a 1.00% CDSC. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the Distributor for providing distribution-related services in connection with the sale of these shares. During the year ended October 31, 2020, CDSCs received by the Distributor amounted to $756 for Class C shares. There were no CDSCs received by the Distributor for Class A shares.

Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with

ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     27

retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.

Class level expenses. Class level expenses for the year ended October 31, 2020 were as follows:

Class	Distribution and service fees		Transfer agent fees
Class A		$1,646		$816
Class C		2,042		252
Class I		—		94
Class R6		—		10
Total		$3,688		$1,172

Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to the fund based on its net assets relative to other funds within the John Hancock group of funds complex.

Note 5 — Fund share transactions

Transactions in fund shares for the year ended October 31, 2020 and for the period ended October 31, 2019 were as follows:

	Year Ended 10-31-20				Period ended 10-31-191
	Shares		Amount		Shares		Amount
Class A shares
Sold		42,174		$519,812		50,145		$554,355
Distributions reinvested		1,343		16,263		—		—
Repurchased		(20,600)		(232,873)		(5,763)		(68,429)
Net increase		22,917		$303,202		44,382		$485,926
Class C shares
Sold		31,037		$366,424		7,126		$74,934
Distributions reinvested		71		860		—		—
Repurchased		(10,679)		(110,665)		—		—
Net increase		20,429		$256,619		7,126		$74,934
Class I shares
Sold		—		—		6,322		$65,000
Distributions reinvested		54		$649		—		—
Net increase		54		$649		6,322		$65,000
Class R6 shares
Sold		1,357		$16,000		5,763		$58,500
Distributions reinvested		33		402		—		—
Net increase		1,390		$16,402		5,763		$58,500

28     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT

	Year Ended 10-31-20				Period ended 10-31-191
	Shares		Amount		Shares		Amount
Class NAV shares
Sold		154,062		$1,450,645		34,475,132		$356,592,069
Distributions reinvested		1,204,688		14,600,822		—		—
Repurchased		(4,997,169)		(61,080,941)		(4,502,323)		(51,862,570)
Net increase (decrease)		(3,638,419)		$(45,029,474)		29,972,809		$304,729,499
Total net increase (decrease)		(3,593,629)		$(44,452,602)		30,036,402		$305,413,859

¹  Period from 12-14-18 (commencement of operations) to 10-31-19.

Affiliates of the fund owned 18%, 78%, 70% and 100% of shares of Class C, Class I, Class R6 and Class NAV, respectively, on October 31, 2020. Such concentration of shareholders’ capital could have a material effect on the fund if such shareholders redeem from the fund.

Note 6 — Purchase and sale of securities

Purchases and sales of securities, other than short-term investments, amounted to $193,053,703 and $248,003,581, respectively, for the year ended October 31, 2020.

Note 7 — Industry or sector risk

The fund may invest a large percentage of its assets in one or more particular industries or sectors of the economy. If a large percentage of the fund’s assets are economically tied to a single or small number of industries or sectors of the economy, the fund will be less diversified than a more broadly diversified fund, and it may cause the fund to underperform if that industry or sector underperforms. In addition, focusing on a particular industry or sector may make the fund’s NAV more volatile. Further, a fund that invests in particular industries or sectors is particularly susceptible to the impact of market, economic, regulatory and other factors affecting those industries or sectors.

Note 8 — Investment by affiliated funds

Certain investors in the fund are affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the fund for the purpose of exercising management or control; however, this investment may represent a significant portion of the fund’s net assets. At October 31, 2020, funds within the John Hancock group of funds complex held 99.6% of the fund’s net assets. The following fund(s) had an affiliate ownership of 5% or more of the fund’s net assets:

Portfolio	Affiliated Concentration
John Hancock Funds II Multimanager Lifestyle Growth Portfolio	49.9%
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio	26.8%
John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio	22.9%

Note 9 — Investment in affiliated underlying funds

The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund’s fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the fund, if any, is as follows:

ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     29

													Dividends and distributions
Affiliate	Ending share amount		Beginning value		Cost of purchases		Proceeds from shares sold		Realized gain (loss)		Change in unrealized appreciation (depreciation)		Income distributions received		Capital gain distributions received		Ending value
John Hancock Collateral Trust*		363,472		$9,563,965		$24,696,393		$(30,623,493)		$1,398		$(412)		$21,303		—		$3,637,851

* Refer to the Securities lending note within Note 2 for details regarding this investment.

Note 10 — Coronavirus (COVID-19) pandemic

The novel COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance.

30     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of John Hancock Investment Trust and Shareholders of John Hancock Global Thematic Opportunities Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the fund’s investments, of John Hancock Global Thematic Opportunities Fund (one of the funds constituting John Hancock Investment Trust, referred to hereafter as the “Fund”) as of October 31, 2020, the related statement of operations for the year ended October 31, 2020 and the statements of changes in net assets and the financial highlights for the year ended October 31, 2020 and for the period December 14, 2018 (commencement of operations) through October 31, 2019, including the related notes (collectively referred to as the ”financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2020, the results of its operations for the year ended October 31, 2020, and the changes in its net assets and the financial highlights for the year ended October 31, 2020 and for the period December 14, 2018 (commencement of operations) through October 31, 2019 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 16, 2020

We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.

ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     31

Tax information (Unaudited)

For federal income tax purposes, the following information is furnished with respect to the distributions of the fund, if any, paid during its taxable year ended October 31, 2020.

The fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.

The fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

The fund reports the maximum amount allowable of its Section 199A dividends as defined in Proposed Treasury Regulation §1.199A-3(d).

Eligible shareholders will be mailed a 2020 Form 1099-DIV in early 2021. This will reflect the tax character of all distributions paid in calendar year 2020.

Please consult a tax advisor regarding the tax consequences of your investment in the fund.

32     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT

Continuation of Investment Advisory and Subadvisory Agreements

Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees

This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Investment Trust (the Trust) of the Advisory Agreement (the Advisory Agreement) with John Hancock Investment Management LLC (the Advisor) and the Subadvisory Agreement (the Subadvisory Agreement) with Pictet Asset Management SA (the Subadvisor), for John Hancock Global Thematic Opportunities Fund (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 23-25,2020 telephonic¹ meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a telephonic meeting held on May 26-27, 2020.

Approval of Advisory and Subadvisory Agreements

At a telephonic meeting held on June 23-25, 2020, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees), reapproved for an annual period the continuation of the Advisory Agreement between the Trust and the Advisor and the Subadvisory Agreement between the Advisor and the Subadvisor with respect to the fund.

In considering the Advisory Agreement and the Subadvisory Agreement, the Board received in advance of the meetings a variety of materials relating to the fund, the Advisor and the Subadvisor, including comparative performance, fee and expense information for a peer group of similar funds prepared by an independent third-party provider of fund data, performance information for an applicable benchmark index; and, with respect to the Subadvisor, comparative performance information for comparably managed accounts, as applicable, and other information provided by the Advisor and the Subadvisor regarding the nature, extent and quality of services provided by the Advisor and the Subadvisor under their respective Agreement, as well as information regarding the Advisor’s revenues and costs of providing services to the fund and any compensation paid to affiliates of the Advisor. At the meetings at which the renewal of the Advisory Agreement and Subadvisory Agreement are considered, particular focus is given to information concerning fund performance, comparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisor is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to the fund, including quarterly performance reports prepared by management containing reviews of investment results and prior presentations from the Subadvisor with respect to the fund. The information received and considered by the Board in connection with the May and June meetings and throughout the year was both written and oral. The Board also considered the nature, quality, and extent of non-advisory services, if any, to be provided to the fund by the Advisor’s affiliates, including distribution services. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the fund.

Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from

¹On March 25, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pandemic, the Securities and Exchange Commission issued an exemptive order (the ”Order”) pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the “1940 Act”), that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board’s May and June meetings were held telephonically in reliance on the Order.

ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     33

their independent legal counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.

Approval of Advisory Agreement

In approving the Advisory Agreement with respect to the fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets, and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board’s conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board’s ongoing regular review of fund performance and operations throughout the year.

Nature, extent, and quality of services. Among the information received by the Board from the Advisor relating to the nature, extent, and quality of services provided to the fund, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor’s compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust’s Chief Compliance Officer (CCO) regarding the fund’s compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the fund’s compliance programs, risk management programs, liquidity management programs and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the fund, including, but not limited to, general supervision of and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and other third-party service providers. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the fund including entrepreneurial risk in sponsoring new funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.

In considering the nature, extent, and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor’s management and the quality of the performance of the Advisor’s duties, through Board meetings, discussions and reports during the preceding year and through each Trustee’s experience as a Trustee of the Trust and of the other trusts in the John Hancock group of funds complex (the John Hancock Fund Complex).

In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:

(a) the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues;

(b) the background, qualifications and skills of the Advisor’s personnel;

(c) the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments;

(d) the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund;

34     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT

(e) the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund;

(f) the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and

(g) the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments.

The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the fund.

Investment performance. In considering the fund’s performance, the Board noted that it reviews at its regularly scheduled meetings information about the fund’s performance results. In connection with the consideration of the Advisory Agreement, the Board:

(a) reviewed information prepared by management regarding the fund’s performance;

(b) considered the comparative performance of an applicable benchmark index;

(c) considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and

(d) took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally.

The Board noted that while it found the data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on the end date selected and the results of the performance comparisons may vary depending on the selection of the peer group. The Board noted that the fund outperformed its benchmark index and peer group median for the one-year period ended December 31, 2019. The Board took into account management’s discussion of the fund’s performance, including the favorable performance relative to the benchmark and peer group median for the one-year period. The Board concluded that the fund’s performance has generally been in line with or outperformed the historical performance of comparable funds and the fund’s benchmark index.

Fees and expenses. The Board reviewed comparative information prepared by an independent third-party provider of fund data, including, among other data, the fund’s contractual and net management fees (and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the fund in light of the nature, extent and quality of the management and advisory and subadvisory services provided by the Advisor and the Subadvisor. The Board considered the fund’s ranking within a smaller group of peer funds chosen by the independent third-party provider, as well as the fund’s ranking within a broader group of funds. In comparing the fund’s contractual and net management fees to those of comparable funds, the Board noted that such fees include both advisory and administrative costs. The Board noted that net management fees and net total expenses for the fund are lower than the peer group median.

The Board took into account management’s discussion with respect to the overall management fee and the fees of the Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fee, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor pays the subadvisory fee, and that such fees are negotiated at arm’s length with respect to the Subadvisor. In addition, the Board took into account that management had agreed to implement an overall fee waiver across the complex, including the fund, which is discussed further below. The Board also noted actions taken over the past several years to reduce the fund’s operating expenses. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to the fund and that the fund has breakpoints in its contractual management fee schedule that reduce management fees as assets

ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     35

increase. The Board reviewed information provided by the Advisor concerning the investment advisory fee charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the John Hancock Fund Complex) having similar investment mandates, if any. The Board considered any differences between the Advisor’s and Subadvisor’s services to the fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fee paid with respect to the fund is reasonable in light of the nature, extent and quality of the services provided to the fund under the Advisory Agreement.

Profitability/Fall out benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates from the Advisor’s relationship with the Trust, the Board:

(a) reviewed financial information of the Advisor;

(b) reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund;

(c) received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund;

(d) received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies;

(e) considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board;

(f) considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement;

(g) noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund;

(h) noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund;

(i) noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length;

(j) considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and

(k) considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk.

Based upon its review, the Board concluded that the level of profitability, if any, of the Advisor and its affiliates from their relationship with the fund was reasonable and not excessive.

Economies of scale. In considering the extent to which economies of scale would be realized as the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders, the Board:

(a) considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is

36     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT

based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund;

(b) reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and

(c) the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale.

Approval of Subadvisory Agreement

In making its determination with respect to approval of the Subadvisory Agreement, the Board reviewed:

(1) information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex);

(2) the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds;

(3) the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third-party provider of fund data; and

(4) information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor.

Nature, extent, and quality of services. With respect to the services provided by the Subadvisor, the Board received information provided to the Board by the Subadvisor, including the Subadvisor’s Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor’s current level of staffing and its overall resources, as well as received information relating to the Subadvisor’s compensation program. The Board reviewed the Subadvisor’s history and investment experience, as well as information regarding the qualifications, background, and responsibilities of the Subadvisor’s investment and compliance personnel who provide services to the fund. The Board also considered, among other things, the Subadvisor’s compliance program and any disciplinary history. The Board also considered the Subadvisor’s risk assessment and monitoring process. The Board reviewed the Subadvisor’s regulatory history, including whether it was involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular, periodic reviews of the Subadvisor and its operations, including regarding investment processes and organizational and staffing matters. The Board also noted that the Trust’s CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.

The Board considered the Subadvisor’s investment process and philosophy. The Board took into account that the Subadvisor’s responsibilities include the development and maintenance of an investment program for the fund that is consistent with the fund’s investment objective, the selection of investment securities and the placement of orders for the purchase and sale of such securities, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to the Subadvisor’s brokerage policies and practices, including with respect to best execution and soft dollars.

ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     37

Subadvisor compensation. In considering the cost of services to be provided by the Subadvisor and the profitability to the Subadvisor of its relationship with the fund, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the fund.

The Board also relied on the ability of the Advisor to negotiate the Subadvisory Agreement with the Subadvisor, which is not affiliated with the Advisor, and the fees thereunder at arm’s length. As a result, the costs of the services to be provided and the profits to be realized by the Subadvisor from its relationship with the Trust were not a material factor in the Board’s consideration of the Subadvisory Agreement.

The Board also received information regarding the nature and scope (including their significance to the Advisor and its affiliates and to the Subadvisor) of any material relationships with respect to the Subadvisor, which include arrangements in which the Subadvisor or its affiliates provide advisory, distribution, or management services in connection with financial products sponsored by the Advisor or its affiliates, and may include other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans. The Board also received information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.

In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor’s relationship with the fund, such as the opportunity to provide advisory services to additional funds in the John Hancock Fund Complex and reputational benefits.

Subadvisory fees. The Board considered that the fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. As noted above, the Board also considered the fund’s subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the fund as included in the report prepared by the independent third-party provider of fund data, to the extent available. The Board noted that the limited size of the Lipper peer group was not sufficient for comparative purposes. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the fund and compared them to fees charged by the Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.

Subadvisor performance. As noted above, the Board considered the fund’s performance as compared to the fund’s peer group and the benchmark index and noted that the Board reviews information about the fund’s performance results at its regularly scheduled meetings. The Board noted the Advisor’s expertise and resources in monitoring the performance, investment style and risk-adjusted performance of the Subadvisor. The Board was mindful of the Advisor’s focus on the Subadvisor’s performance. The Board also noted the Subadvisor’s long-term performance record for similar accounts, as applicable.

The Board’s decision to approve the Subadvisory Agreement was based on a number of determinations, including the following:

(1) the Subadvisor has extensive experience and demonstrated skills as a manager;

(2) the performance of the fund has generally been in line with or outperformed the historical performance of comparable funds and the fund’s benchmark index;

(3) the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and

(4) noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows.

*  *  *

38     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT

Based on the Board’s evaluation of all factors that the Board deemed to be material, including those factors described above, the Board, including the Independent Trustees, concluded that renewal of the Advisory Agreement and the Subadvisory Agreement would be in the best interest of the fund and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement for an additional one-year period.

ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     39

Trustees and Officers

This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the fund and execute policies formulated by the Trustees.

Independent Trustees

Name, year of birth	Trustee	Number of John
Position(s) held with Trust	of the	Hancock funds
Principal occupation(s) and other	Trust	overseen by
directorships during past 5 years	since1	Trustee
Hassell H. McClellan, Born: 1945	2012	196

Trustee and Chairperson of the Board

Director/Trustee, Virtus Funds (since 2008); Director, The Barnes Group (since 2010); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex.

Charles L. Bardelis,² Born: 1941 2012 196

Trustee

Director, Island Commuter Corp. (marine transport).Trustee, John Hancock Collateral Trust (since 2014), Trustee of various trusts within the John Hancock Fund Complex (since 1988).

James R. Boyle, Born: 1959 2015 196

Trustee

Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).

Peter S. Burgess,² Born: 1942 2012 196

Trustee

Consultant (financial, accounting, and auditing matters) (since 1999);Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (since 2004); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010).Trustee of various trusts within the John Hancock Fund Complex (since 2005).

William H. Cunningham, Born: 1944 1986 196

Trustee

Professor, University of Texas, Austin, Texas (since 1971);former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986).

Grace K. Fey, Born: 1946 2012 196

Trustee

Chief Executive Officer, Grace Fey Advisors (since 2007);Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

40     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT

Independent Trustees (continued)
Name, year of birth	Trustee	Number of John
Position(s) held with Trust	of the	Hancock funds
Principal occupation(s) and other	Trust	overseen by
directorships during past 5 years	since1	Trustee
Deborah C. Jackson, Born: 1952	2008	196
Trustee President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Massachusetts Women’s Forum (since 2018); Board of Directors, National Association of Corporate Directors/New England (since 2015); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008).
James M. Oates,2 Born: 1946	2012	196
Trustee Managing Director, Wydown Group (financial consulting firm) (since 1994); Chairman and Director, Emerson Investment Management, Inc. (2000-2015); Independent Chairman, Hudson Castle Group, Inc. (formerly IBEX Capital Markets, Inc.) (financial services company) (1997–2011); Director, Stifel Financial (since 1996); Director, Investor Financial Services Corporation (1995–2007); Director, Connecticut River Bancorp (1998-2014); Director/Trustee, Virtus Funds (since 1988). Trustee (since 2004) and Chairperson of the Board (2005-2016) of various trusts within the John Hancock Fund Complex.
Steven R. Pruchansky, Born: 1944	1994	196
Trustee and Vice Chairperson of the Board Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (since 2014); Director and President, Greenscapes of Southwest Florida, Inc. (2000-2014); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex.
Frances G. Rathke,2,* Born: 1960	2020	196
Trustee Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020).

ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     41

Independent Trustees (continued)
Name, year of birth	Trustee	Number of John
Position(s) held with Trust	of the	Hancock funds
Principal occupation(s) and other	Trust	overseen by
directorships during past 5 years	since1	Trustee
Gregory A. Russo, Born: 1949	2009	196

Trustee

Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

Non-Independent Trustees3
Name, year of birth	Trustee	Number of John
Position(s) held with Trust	of the	Hancock funds
Principal occupation(s) and other	Trust	overseen by
directorships during past 5 years	since1	Trustee
Andrew G. Arnott, Born: 1971	2017	196
President and Non-Independent Trustee Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Executive Vice President, John Hancock Financial Services (since 2009, including prior positions); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).
Marianne Harrison, Born: 1963	2018	196

Non-Independent Trustee

President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018).

42     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT

Principal officers who are not Trustees
Name, year of birth	Trustee
Position(s) held with Trust	of the
Principal occupation(s)	Trust
during past 5 years	since1
Charles A. Rizzo, Born: 1957	2007
Chief Financial Officer

Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007).

Salvatore Schiavone, Born: 1965 2010

Treasurer

Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions).

Christopher (Kit) Sechler, Born: 1973	2018
Chief Legal Officer and Secretary

Vice President and Deputy Chief Counsel, John Hancock Investments (since 2015);Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investments; Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2018); Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009).

Trevor Swanberg, Born: 1979	2020
Chief Compliance Officer

Chief Compliance Officer, various trusts within the John Hancock Fund Complex, John Hancock Investment Management LLC, and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2018–2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2016–2018); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016).

The business address for all Trustees and Officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023.

The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-5291.

¹  Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table.

²  Member of the Audit Committee.

³  The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

* Appointed as Independent Trustee effective as of September 15, 2020.

ANNUAL REPORT      |     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     43

More information

Trustees

Hassell H. McClellan, Chairperson

Steven R. Pruchansky, Vice Chairperson

Andrew G. Arnott^†

Charles L. Bardelis^*

James R. Boyle

Peter S. Burgess^*

William H. Cunningham

Grace K. Fey

Marianne Harrison^†

Deborah C. Jackson

James M. Oates^*

Frances G. Rathke^1,*

Gregory A. Russo

Officers

Andrew G. Arnott

President

Charles A. Rizzo

Chief Financial Officer

Salvatore Schiavone

Treasurer

Christopher (Kit) Sechler

Secretary and Chief Legal Officer

Trevor Swanberg²

Chief Compliance Officer

* Member of the Audit Committee

^† Non-Independent Trustee

¹ Appointed as Independent Trustee effective as of September 15, 2020

² Effective July 31, 2020

Investment advisor

John Hancock Investment Management LLC

Subadvisor

Pictet Asset Management SA

Portfolio Managers

Hans Peter Portner, CFA

Gertjan Van Der Geer

Principal distributor

John Hancock Investment Management Distributors LLC

Custodian

Citibank, N.A.

Transfer agent

John Hancock Signature Services, Inc.

Legal counsel

K&L Gates LLP

Independent registered public accounting firm

PricewaterhouseCoopers LLP

The fund’s proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.

All of the fund’s holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The fund’s Form N-PORT filings are available on our website and the SEC’s website, sec.gov.

We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.

You can also contact us:
800-225-5291	Regular mail:	Express mail:
jhinvestments.com	John Hancock Signature Services, Inc.	John Hancock Signature Services, Inc.
	P.O. Box 219909	430 W 7th Street
	Kansas City, MO 64121-9909	Suite 219909
		Kansas City, MO 64105-1407

44     JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND     |     ANNUAL REPORT

Protect yourself by using eDelivery

Signing up for the electronic delivery of your statements and other financial publications is a great way to help protect your privacy. eDelivery provides you with secure, instant access to all of your statements in one convenient location.

BENEFITS OF EDELIVERY

◾	Added security: Password protection helps you safely retrieve documents online
◾	Save time: Receive instant email notification once statements are available
◾	Reduce clutter: View documents online to reduce the amount of paper for filing, shredding, or recycling

SIGN UP FOR EDELIVERY TODAY!

Direct shareholders

If you receive statements directly through John Hancock Investment Management and would like to participate in eDelivery, go to jhinvestments.com/login. To log in to your account, click on the “Log in” button on the page’s top right corner. In the “Access your investments account” area, go to the “Individual retirement or mutual fund account” section and select the option that applies to you. Please be aware that you may be required to provide your account number and certain personal account information.

You may revoke your consent at any time by simply visiting jhinvestments.com/login and following the instructions above. You may also revoke consent by calling 800-225-5291 or by writing to us at the following address: John Hancock Signature Services, P.O. Box 219909, Kansas City, MO 64121-9909. We reserve the right to deliver documents to you on paper at any time should the need arise.

Brokerage account shareholders

If you receive statements directly from your bank or broker and would like to participate in eDelivery, go to icsdelivery/live or contact your financial representative.

Not part of the shareholder report

Get your questions answered by using our shareholder resources

ONLINE

◾	Visit jhinvestments.com to access a range of resources for individual investors, from account details and fund information to forms and our latest insight on the markets and economy.
◾	Use our Fund Compare tool to compare thousands of funds and ETFs across dozens of risk and performance metrics—all powered by Morningstar.
◾	Visit our online Tax Center, where you’ll find helpful taxpayer resources all year long, including tax forms, planning guides, and other fund-specific information.
◾	Follow us on Facebook, Twitter, and LinkedIn to get the latest updates on the markets and what’s trending now.

BY PHONE

Call our customer service representatives at 800-225-5291, Monday to Thursday, 8:00 A.M. to 7:00 P.M., and Friday, 8:00 A.M. to 6:00 P.M., Eastern time. We’re here to help!

Not part of the shareholder report

John Hancock family of funds

DOMESTIC EQUITY FUNDS

Blue Chip Growth

Classic Value

Disciplined Value

Disciplined Value Mid Cap

Equity Income

Financial Industries

Fundamental All Cap Core

Fundamental Large Cap Core

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

GLOBAL AND INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

INCOME FUNDS

Bond

California Tax-Free Income

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Short Duration Bond

Short Duration Credit Opportunities

Strategic Income Opportunities

Tax-Free Bond

ALTERNATIVE AND SPECIALTY FUNDS

Absolute Return Currency

Alternative Asset Allocation

Alternative Risk Premia

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

A fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investment Management at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.

ASSET ALLOCATION

Balanced

Multi-Asset High Income

Multi-Index Lifetime Portfolios

Multi-Index Preservation Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

Retirement Income 2040

EXCHANGE-TRADED FUNDS

John Hancock Multifactor Consumer Discretionary ETF

John Hancock Multifactor Consumer Staples ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Energy ETF

John Hancock Multifactor Financials ETF

John Hancock Multifactor Healthcare ETF

John Hancock Multifactor Industrials ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Materials ETF

John Hancock Multifactor Media and Communications ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Multifactor Technology ETF

John Hancock Multifactor Utilities ETF

ENVIRONMENTAL, SOCIAL, AND GOVERNANCE FUNDS

ESG All Cap Core

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Financial Opportunities

Hedged Equity & Income

Income Securities Trust

Investors Trust

Preferred Income

Preferred Income II

Preferred Income III

Premium Dividend

Tax-Advantaged Dividend Income

Tax-Advantaged Global Shareholder Yield

John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC or Dimensional Fund Advisors LP.

Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.

John Hancock Investment Management

A trusted brand

John Hancock Investment Management is a premier asset manager with a heritage of financial stewardship dating back to 1862. Helping our shareholders pursue their financial goals is at the core of everything we do. It’s why we support the role of professional financial advice and operate with the highest standards of conduct and integrity.

A better way to invest

We serve investors globally through a unique multimanager approach: We search the world to find proven portfolio teams with specialized expertise for every strategy we offer, then we apply robust investment oversight to ensure they continue to meet our uncompromising standards and serve the best interests of our shareholders.

Results for investors

Our unique approach to asset management enables us to provide a diverse set of investments backed by some of the world’s best managers, along with strong risk-adjusted returns across asset classes.

John Hancock Investment Management Distributors LLC ∎ Member FINRA, SIPC

200 Berkeley Street ∎ Boston, MA 02116-5010 ∎ 800-225-5291 ∎ jhinvestments.com

This report is for the information of the shareholders of John Hancock Global Thematic Opportunities Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

MF1399347	471A 10/20
	12/2020

Dear shareholders,

Despite heightened fears over the coronavirus (COVID-19), which sent markets tumbling in the first quarter of the calendar year, global financial markets delivered positive returns for the 12 months ended October 31, 2020. The governments of many nations worked to shore up their economies, and equity markets began to rise from their first-quarter sell-off; this comeback gathered momentum for the remainder of the period.

Of course, it would be a mistake to consider this market turnaround a trustworthy signal of assured or swift economic recovery. Economic growth has slowed as the ongoing spread of COVID-19 continues to create uncertainty among businesses and investors. Lockdowns and curfews in certain parts of the world have been reinstated and consumer spending remains far below prepandemic levels.

From an investment perspective, we continue to think that maintaining a focus on long-term objectives while pursuing a risk-aware strategy is a prudent way forward. Above all, we believe the counsel of a trusted financial professional continues to matter now more than ever. Periods of heightened uncertainty are precisely the time to review your financial goals and follow a plan that helps you make the most of what continues to be a challenging situation.

On behalf of everyone at John Hancock Investment Management, I’d like to take this opportunity to welcome new shareholders and thank existing shareholders for the continued trust you’ve placed in us.

Sincerely,

Andrew G. Arnott

President and CEO,

John Hancock Investment Management

Head of Wealth and Asset Management,

United States and Europe

John Hancock

International Dynamic Growth Fund

Table of contents
	2	Your fund at a glance
	4	Manager’s discussion of fund performance
	6	A look at performance
	8	Your expenses
	10	Fund’s investments
	13	Financial statements
	16	Financial highlights
	21	Notes to financial statements
	30	Report of independent registered public accounting firm
	31	Tax information
	32	Continuation of investment advisory and subadvisory agreements
	39	Trustees and Officers
	43	More information

1     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT

Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks capital appreciation.

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2020 (%)

The MSCI All Country World ex-USA Growth Index is a free float-adjusted market capitalization index that is designed to measure the equity performance of growth-oriented stocks in developed (excluding the U.S.) and emerging markets.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

The fund’s Morningstar category average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on their historical portfolio holdings. Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower. Since inception returns for the Morningstar fund category average are not available.

¹Class A shares were first offered on 5-3-19. Returns prior to this date are those of Class NAV shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Performance of the other share classes will vary based on the difference in the fees and expenses of those classes. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and can be found at jhinvestments.com or by calling 800-225-5291. For further information on the fund’s objectives, risks, and strategy, see the fund’s prospectus.

ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     2

PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

Global stocks recovered from a sharp pandemic-driven decline

The coronavirus pandemic triggered a sudden downturn in the economy and the stock market, but a massive fiscal and monetary response helped to restore growth, and global stocks generated positive performance overall.

The fund significantly outpaced its benchmark index due to stock selection

The fund outperformed its benchmark, the MSCI AC World ex-USA Growth Index, owing in part to contributions from stock selection and allocation effects in the information technology, consumer staples, and consumer discretionary sectors.

Stock picking in selected sectors hindered relative performance

Security selection in the healthcare and industrials sectors weighed on relative performance, as did an underweight in the outperforming communication services sector.

SECTOR COMPOSITION AS OF 10/31/2020 (% of net assets)

A note about risks

The fund may be subject to various risks as described in the fund’s prospectus. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance. For example, the novel coronavirus disease (COVID-19) has resulted in significant disruptions to global business activity. The impact of a health crisis and other epidemics and pandemics that may arise in the future, could affect the global economy in ways that cannot necessarily be foreseen at the present time. A health crisis may exacerbate other pre-existing political, social, and economic risks. Any such impact could adversely affect the fund’s performance, resulting in losses to your investment. For more information, please refer to the “Principal risks” section of the prospectus.

3     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT

Manager’s discussion of fund performance

What were the main drivers of global equity market performance during the 12 months ended October 31, 2020?

Most global stocks, as measured by the fund’s benchmark, the MSCI AC World ex-USA Growth Index, posted positive returns overall, as they recovered from a sharp decline in February and March that was triggered by the coronavirus pandemic and its impact on the economy. Restrictions imposed to slow the spread of COVID-19 reversed the strong economic growth recorded early in the period. Central banks responded with aggressive monetary policy measures to provide immediate and substantial liquidity to the global economy, and many governments launched massive fiscal stimulus initiatives. Entering the spring, stocks rebounded sharply, and they maintained a largely positive path in subsequent months, driven by policy responses, the gradual reopening of many segments of the global economy, and favorable news on vaccine development.

How did the fund perform?

The fund outperformed its benchmark, thanks primarily to stock selection in the information technology, consumer discretionary, and consumer staples sectors. On the negative side, relative performance was hindered by stock picking in the healthcare and industrials sectors and by the fund’s underweight in communication services, a sector that outperformed.

TOP 10 HOLDINGS		TOP 10 COUNTRIES
AS OF 10/31/2020 (% of net assets)		AS OF 10/31/2020 (% of net assets)
Alibaba Group Holding, Ltd., ADR	5.1	China	19.4
Taiwan Semiconductor Manufacturing Company, Ltd., ADR	5.0	United States	14.4
Tencent Holdings, Ltd.	4.7	Japan	7.8
JD.com, Inc., ADR	4.3	France	7.1
Sartorius Stedim Biotech	4.0	Canada	6.9
Techtronic Industries Company, Ltd.	3.9	Netherlands	6.6
ASML Holding NV	3.8	Sweden	5.8
Lonza Group AG	3.6	Taiwan	5.0
ServiceNow, Inc.	3.5	Switzerland	3.9
Adobe, Inc.	3.4	Hong Kong	3.9
TOTAL	41.3	TOTAL	80.8
Cash and cash equivalents are not included.		Cash and cash equivalents are not included.

ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     4

What were the key drivers of relative performance? The top contributor was online payment services provider Adyen NV (Netherlands). Adyen’s payment technology has been adopted by leading global technology platforms and continues to benefit from the shift toward e-commerce and enterprise digital transformation. Other holdings that notably contributed to relative performance were supermarket operator Kobe Bussan Company, Ltd. (Japan), whose unique product assortment and value-bulk food offering were enhanced by consumers’ desire to eat at home during

MANAGED BY Andrew H. Jacobson, CFA Bradley Amoils

the pandemic; multinational software company Adobe, Inc. (U.S.); and online casino gaming company Evolution Gaming Group AB (Sweden), which benefited from casino shutdowns as they’re a world leader in online live gaming.

Airbus SE (France) had the most significant negative effect, as shares of the commercial aviation company were hurt by coronavirus-related travel restrictions affecting airlines. We sold the position prior to period end. Other positions that weighed on relative performance were civil aviation training provider CAE, Inc. (Canada) and e-commerce company Shopify, Inc. (Canada). We sold the fund’s position in CAE during the period. The fund’s underweight in multinational technology company Tencent Holdings, Ltd. (China) also had a negative impact, as the stock outperformed.

The views expressed in this report are exclusively those of Andrew H. Jacobson, Axiom Investors, and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the fund for the entire period. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk.

5     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT

A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2020

	Average annual total returns (%) with maximum sales charge		Cumulative total returns (%) with maximum sales charge
	1-year	Since inception (4-17-19)	Since inception (4-17-19)
Class A1	20.08	16.04	25.79
Class C1	24.48	19.13	31.00
Class I1,2	26.64	20.29	32.97
Class R61,2	26.82	20.40	33.16
Class NAV2	26.92	20.47	33.27
Index†	11.43	10.24	16.22

Performance figures assume all distributions are reinvested. Figures reflect maximum sales charges on Class A shares of 5% and the applicable contingent deferred sales charge (CDSC) on Class C shares. Class C shares sold within one year of purchase are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R6, and Class NAV shares.

The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the fund and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual fee waivers and expense limitations in effect until February 28, 2021 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:

	Class A	Class C	Class I	Class R6	Class NAV
Gross (%)	1.30	2.05	1.05	0.94	0.93
Net (%)	1.20	1.95	0.95	0.84	0.83

Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.

The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the fund’s website at jhinvestments.com.

The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The fund’s performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.

^†  Index is the MSCI All Country World ex-USA Growth Index.

See the following page for footnotes.

ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     6

This chart and table show what happened to a hypothetical $10,000 investment in John Hancock International Dynamic Growth Fund for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in the MSCI All Country World ex-USA Growth Index

	Start date		With maximum sales charge ($)		Without sales charge ($)		Index ($)
Class C1,3		4-17-19		13,100		13,100		11,622
Class I1,2		4-17-19		13,297		13,297		11,622
Class R61,2		4-17-19		13,316		13,316		11,622
Class NAV2		4-17-19		13,327		13,327		11,622

The MSCI All Country World ex-USA Growth Index is a free float-adjusted market capitalization index that is designed to measure the equity performance of growth-oriented stocks in developed (excluding the U.S.) and emerging markets.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

Footnotes related to performance pages

¹  Class A, Class C, Class I, and Class R6 shares were first offered on 5-3-19. Returns prior to this date are those of Class NAV shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.

²  For certain types of investors, as described in the fund’s prospectuses.

³  The contingent deferred sales charge is not applicable.

7     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT

Your expenses

These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds.

Understanding fund expenses

As a shareholder of the fund, you incur two types of costs:

∎ Transaction costs, which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc.

∎ Ongoing operating expenses, including management fees, distribution and service fees (if applicable), and other fund expenses.

We are presenting only your ongoing operating expenses here.

Actual expenses/actual returns

The first line of each share class in the table on the following page is intended to provide information about the fund’s actual ongoing operating expenses, and is based on the fund’s actual return. It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020.

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at October 31, 2020, by $1,000.00, then multiply it by the “expenses paid” for your share class from the table. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

Hypothetical example for comparison purposes

The second line of each share class in the table on the following page allows you to compare the fund’s ongoing operating expenses with those of any other fund. It provides an example of the fund’s hypothetical account values and hypothetical expenses based on each class’s actual expense ratio and an assumed 5% annualized return before expenses (which is not the class’s actual return). It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     8

Remember, these examples do not include any transaction costs, therefore, these examples will not help you to determine the relative total costs of owning different funds. If transaction costs were included, your expenses would have been higher. See the prospectuses for details regarding transaction costs.

SHAREHOLDER EXPENSE EXAMPLE CHART

		Account value on 5-1-2020		Ending value on 10-31-2020		Expenses paid during period ended 10-31-20201		Annualized expense ratio
Class A	Actual expenses/actual returns		$1,000.00		$1,295.50		$  6.92		1.20%
	Hypothetical example		1,000.00		1,019.10		6.09		1.20%
Class C	Actual expenses/actual returns		1,000.00		1,291.90		11.29		1.96%
	Hypothetical example		1,000.00		1,015.30		9.93		1.96%
Class I	Actual expenses/actual returns		1,000.00		1,297.20		5.49		0.95%
	Hypothetical example		1,000.00		1,020.40		4.82		0.95%
Class R6	Actual expenses/actual returns		1,000.00		1,298.10		4.85		0.84%
	Hypothetical example		1,000.00		1,020.90		4.27		0.84%
Class NAV	Actual expenses/actual returns		1,000.00		1,299.10		4.80		0.83%
	Hypothetical example		1,000.00		1,021.00		4.22		0.83%

¹  Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period).

9     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT

Fund’s investments

AS OF 10-31-20

	Shares		Value
Common stocks 97.6%			$	241,333,558
(Cost $176,286,868)
Argentina 2.0%				4,875,625
MercadoLibre, Inc. (A)		4,016		4,875,625
Australia 1.1%				2,728,669
Atlassian Corp. PLC, Class A (A)		14,240		2,728,669
Belgium 1.0%				2,348,385
UCB SA		23,776		2,348,385
Brazil 2.2%				5,430,838
Magazine Luiza SA		1,265,200		5,430,838
Canada 6.9%				17,173,098
Kinaxis, Inc. (A)		25,000		3,816,333
Lululemon Athletica, Inc. (A)		17,034		5,438,786
Shopify, Inc., Class A (A)		8,556		7,917,979
China 19.4%				48,088,769
Alibaba Group Holding, Ltd., ADR (A)		41,582		12,669,617
Contemporary Amperex Technology Company, Ltd., Class A		70,714		2,597,048
JD.com, Inc., ADR (A)		129,780		10,579,666
Kweichow Moutai Company, Ltd., Class A		9,900		2,473,486
Li Ning Company, Ltd.		510,000		2,658,090
Meituan, Class B (A)		149,100		5,558,327
Tencent Holdings, Ltd.		151,200		11,552,535
France 7.1%				17,518,326
Ingenico Group SA (A)(B)		19,468		2,799,011
Sartorius Stedim Biotech		26,010		9,867,172
Teleperformance		16,164		4,852,143
Germany 2.8%				6,982,287
Deutsche Boerse AG		20,730		3,054,629
TeamViewer AG (A)(B)(C)		25,056		1,104,416
Zalando SE (A)(C)		30,317		2,823,242
Hong Kong 3.9%				9,543,029
Techtronic Industries Company, Ltd.		708,500		9,543,029
Ireland 1.2%				3,012,819
Experian PLC		82,241		3,012,819
Israel 1.7%				4,108,680
Nice, Ltd., ADR (A)		18,000		4,108,680

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     10

	Shares		Value
Italy 0.9%			$	2,210,185
Nexi SpA (A)(C)		143,574		2,210,185
Japan 7.8%				19,337,201
Anritsu Corp.		190,200		4,163,947
Keyence Corp.		7,800		3,539,815
Kobe Bussan Company, Ltd. (B)		85,600		2,408,361
Lasertec Corp.		39,900		3,456,170
M3, Inc.		31,600		2,134,129
Sony Corp.		43,600		3,634,779
Netherlands 6.6%				16,298,372
Adyen NV (A)(C)		4,161		6,993,552
ASML Holding NV		25,718		9,304,820
New Zealand 1.8%				4,485,968
Xero, Ltd. (A)		57,825		4,485,968
Singapore 3.3%				8,023,776
Sea, Ltd., ADR (A)		50,880		8,023,776
Sweden 5.8%				14,401,570
Atlas Copco AB, A Shares		137,949		6,089,234
Evolution Gaming Group AB (C)		112,071		8,312,336
Switzerland 3.9%				9,645,128
Lonza Group AG		14,538		8,808,723
Zur Rose Group AG (A)		3,006		836,405
Taiwan 5.0%				12,446,308
Taiwan Semiconductor Manufacturing Company, Ltd., ADR		148,400		12,446,308
United Kingdom 1.0%				2,391,567
AstraZeneca PLC		23,819		2,391,567
United States 12.2%				30,282,958
Adobe, Inc. (A)		18,948		8,471,651
Microsoft Corp.		35,373		7,161,971
NVIDIA Corp.		7,029		3,524,059
ServiceNow, Inc. (A)		17,600		8,757,232
Visa, Inc., Class A		13,032		2,368,045
Exchange-traded funds 2.2%			$	5,430,210
(Cost $5,679,394) iShares Core MSCI Total International Stock ETF		95,100		5,430,210

11     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

	Yield	(%)	Shares		Value
Short-term investments 2.1%				$	5,197,077
(Cost $5,197,407)
Short-term funds 2.1%					5,197,077
John Hancock Collateral Trust (D)	0.2508	(E)	519,261		5,197,077
Total investments (Cost $187,163,669) 101.9%				$	251,960,845
Other assets and liabilities, net (1.9%)					(4,599,978	)
Total net assets 100.0%				$	247,360,867

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

Security Abbreviations and Legend

ADR American Depositary Receipt

(A) Non-income producing security.

(B) All or a portion of this security is on loan as of 10-31-20.

(C) 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.

(D) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

(E) The rate shown is the annualized seven-day yield as of 10-31-20.

At 10-31-20, the aggregate cost of investments for federal income tax purposes was $189,483,164. Net unrealized appreciation aggregated to $62,477,681, of which $63,329,982 related to gross unrealized appreciation and $852,301 related to gross unrealized depreciation.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     12

Financial statements

STATEMENT OF ASSETS AND LIABILITIES 10-31-20

Assets
Unaffiliated investments, at value (Cost $181,966,262) including $4,544,019 of securities loaned	$246,763,768
Affiliated investments, at value (Cost $5,197,407)	5,197,077
Total investments, at value (Cost $187,163,669)	251,960,845
Cash	2,368,294
Dividends and interest receivable	195,752
Receivable for fund shares sold	85,281
Receivable for investments sold	2,435,080
Receivable for securities lending income	3,953
Other assets	41,332
Total assets	257,090,537
Liabilities
Payable for investments purchased	4,368,643
Payable for fund shares repurchased	40,245
Payable upon return of securities loaned	5,199,068
Payable to affiliates
Investment management fees	13,431
Accounting and legal services fees	9,304
Transfer agent fees	1,441
Trustees’ fees	60
Other liabilities and accrued expenses	97,478
Total liabilities	9,729,670
Net assets	$247,360,867
Net assets consist of
Paid-in capital	$169,962,331
Total distributable earnings (loss)	77,398,536
Net assets	$247,360,867
Net asset value per share
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value
Class A ($5,847,155 ÷ 441,674 shares)1	$13.24
Class C ($150,964 ÷ 11,526 shares)1	$13.10
Class I ($9,334,187 ÷ 703,286 shares)	$13.27
Class R6 ($66,059 ÷ 4,974 shares)	$13.28
Class NAV ($231,962,502 ÷ 17,460,884 shares)	$13.28
Maximum offering price per share
Class A (net asset value per share ÷ 95%)2	$13.94

¹  Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

²  On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.

13     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

STATEMENT OF OPERATIONS For the year ended 10-31-20

Investment income
Dividends	$2,202,818
Securities lending	189,317
Interest	153,226
Less foreign taxes withheld	(215,499)
Total investment income	2,329,862
Expenses
Investment management fees	2,344,015
Distribution and service fees	6,466
Accounting and legal services fees	57,356
Transfer agent fees	11,621
Trustees’ fees	4,873
Custodian fees	124,756
State registration fees	87,507
Printing and postage	18,829
Professional fees	82,022
Other	35,120
Total expenses	2,772,565
Less expense reductions	(350,779)
Net expenses	2,421,786
Net investment loss	(91,924)
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments and foreign currency transactions	20,041,772
Affiliated investments	10,039
	20,051,811
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments and translation of assets and liabilities in foreign currencies	43,464,581
Affiliated investments	(37)
	43,464,544
Net realized and unrealized gain	63,516,355
Increase in net assets from operations	$63,424,431

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     14

STATEMENTS OF CHANGES IN NET ASSETS

	Year ended 10-31-20			Period ended 10-31-191
Increase (decrease) in net assets
From operations
Net investment income (loss)		$(91,924	)		$934,951
Net realized gain (loss)		20,051,811			(7,397,617	)
Change in net unrealized appreciation (depreciation)		43,464,544			21,339,178
Increase in net assets resulting from operations		63,424,431			14,876,512
Distributions to shareholders
From earnings
Class A		(303	)		—
Class I		(272	)		—
Class R6		(148	)		—
Class NAV		(948,844	)		—
Total distributions		(949,567	)		—
From fund share transactions		(153,083,187	)		323,092,678
Total increase (decrease)		(90,608,323	)		337,969,190
Net assets
Beginning of year		337,969,190			—
End of year		$247,360,867			$337,969,190

¹  Period from 4-17-19 (commencement of operations) to 10-31-19.

15     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Financial highlights

CLASS A SHARES Period ended	10-31-20			10-31-191
Per share operating performance
Net asset value, beginning of period		$10.48			$10.09
Net investment loss2		(0.06	)		(0.02	)
Net realized and unrealized gain (loss) on investments		2.82			0.41
Total from investment operations		2.76			0.39
Less distributions
From net investment income		—	3		—
Net asset value, end of period		$13.24			$10.48
Total return (%)4,5		26.39			3.87	6
Ratios and supplemental data
Net assets, end of period (in millions)		$6			$1
Ratios (as a percentage of average net assets):
Expenses before reductions		1.32			1.33	7
Expenses including reductions		1.20			1.20	7
Net investment loss		(0.50	)		(0.31	)7
Portfolio turnover (%)		135			48

¹  The inception date for Class A shares is 5-3-19.

²  Based on average daily shares outstanding.

³  Less than $0.005 per share.

⁴  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁵  Does not reflect the effect of sales charges, if any.

⁶  Not annualized.

⁷  Annualized.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     16

CLASS C SHARES Period ended	10-31-20			10-31-191
Per share operating performance
Net asset value, beginning of period		$10.44			$10.09
Net investment loss2		(0.14	)		(0.04	)
Net realized and unrealized gain (loss) on investments		2.80			0.39
Total from investment operations		2.66			0.35
Net asset value, end of period		$13.10			$10.44
Total return (%)3,4		25.48			3.47	5
Ratios and supplemental data
Net assets, end of period (in millions)		$—	6		$—	6
Ratios (as a percentage of average net assets):
Expenses before reductions		2.07			2.08	7
Expenses including reductions		1.95			1.95	7
Net investment loss		(1.21	)		(0.75	)7
Portfolio turnover (%)		135			48

¹  The inception date for Class C shares is 5-3-19.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Does not reflect the effect of sales charges, if any.

⁵  Not annualized.

⁶  Less than $500,000.

⁷  Annualized.

17     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS I SHARES Period ended	10-31-20			10-31-191
Per share operating performance
Net asset value, beginning of period		$10.50			$10.09
Net investment income2		—	3		0.02
Net realized and unrealized gain (loss) on investments		2.79			0.38
Total from investment operations		2.79			0.40
Less distributions
From net investment income		(0.02	)		—
Net asset value, end of period		$13.27			$10.50
Total return (%)4		26.64			4.06	5
Ratios and supplemental data
Net assets, end of period (in millions)		$9			$—	6
Ratios (as a percentage of average net assets):
Expenses before reductions		1.08			1.08	7
Expenses including reductions		0.95			0.95	7
Net investment income		0.01			0.31	7
Portfolio turnover (%)		135			48

¹  The inception date for Class I shares is 5-3-19.

²  Based on average daily shares outstanding.

³  Less than $0.005 per share.

⁴  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁵  Not annualized.

⁶  Less than $500,000.

⁷  Annualized.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     18

CLASS R6 SHARES Period ended	10-31-20			10-31-191
Per share operating performance
Net asset value, beginning of period		$10.50			$10.09
Net investment income (loss)2		(0.01	)		0.02
Net realized and unrealized gain (loss) on investments		2.82			0.39
Total from investment operations		2.81			0.41
Less distributions
From net investment income		(0.03	)		—
Net asset value, end of period		$13.28			$10.50
Total return (%)3		26.82			4.06	4
Ratios and supplemental data
Net assets, end of period (in millions)		$—	5		$—	5
Ratios (as a percentage of average net assets):
Expenses before reductions		0.96			0.98	6
Expenses including reductions		0.84			0.84	6
Net investment income (loss)		(0.07	)		0.45	6
Portfolio turnover (%)		135			48

¹  The inception date for Class R6 shares is 5-3-19.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Not annualized.

⁵  Less than $500,000.

⁶  Annualized.

19     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

CLASS NAV SHARES Period ended	10-31-20			10-31-191
Per share operating performance
Net asset value, beginning of period		$10.50			$10.00
Net investment income2		—	3		0.03
Net realized and unrealized gain (loss) on investments		2.81			0.47
Total from investment operations		2.81			0.50
Less distributions
From net investment income		(0.03	)		—
Net asset value, end of period		$13.28			$10.50
Total return (%)4		26.92			5.00	5
Ratios and supplemental data
Net assets, end of period (in millions)		$232			$337
Ratios (as a percentage of average net assets):
Expenses before reductions		0.95			0.96	6
Expenses including reductions		0.83			0.83	6
Net investment income (loss)		(0.03	)		0.62	6
Portfolio turnover (%)		135			48

¹  Period from 4-17-19 (commencement of operations) to 10-31-19.

²  Based on average daily shares outstanding.

³  Less than $0.005 per share.

⁴  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁵  Not annualized.

⁶  Annualized.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     20

Notes to financial statements

Note 1 — Organization

John Hancock International Dynamic Growth Fund (the fund) is a series of John Hancock Investment Trust (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective of the fund is to seek capital appreciation.

The fund may offer multiple classes of shares. The shares currently outstanding are detailed in the Statement of assets and liabilities. Class A and Class C shares are offered to all investors. Class I shares are offered to institutions and certain investors. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class NAV shares are offered to John Hancock affiliated funds of funds, retirement plans for employees of John Hancock and/or Manulife Financial Corporation, and certain 529 plans. Class C shares convert to Class A shares ten years after purchase (certain exclusions may apply). Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.

Effective November 1, 2020, Class C shares convert to Class A shares eight years after purchase (certain exclusions may apply).

Note 2 — Significant accounting policies

The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of US GAAP.

Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the fund:

Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the fund’s Valuation Policies and Procedures.

In order to value the securities, the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.

In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund’s Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE.

21     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT

Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the fund’s Pricing Committee, following procedures established by the Board of Trustees. The fund uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets 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, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund’s own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the fund’s investments as of October 31, 2020, by major security category or type:

	Total value at 10-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Investments in securities:
Assets
Common stocks
Argentina	$4,875,625	$4,875,625	—	—
Australia	2,728,669	2,728,669	—	—
Belgium	2,348,385	—	$2,348,385	—
Brazil	5,430,838	5,430,838	—	—
Canada	17,173,098	17,173,098	—	—
China	48,088,769	23,249,283	24,839,486	—
France	17,518,326	—	17,518,326	—
Germany	6,982,287	—	6,982,287	—
Hong Kong	9,543,029	—	9,543,029	—
Ireland	3,012,819	—	3,012,819	—
Israel	4,108,680	4,108,680	—	—
Italy	2,210,185	—	2,210,185	—
Japan	19,337,201	—	19,337,201	—
Netherlands	16,298,372	—	16,298,372	—
New Zealand	4,485,968	—	4,485,968	—
Singapore	8,023,776	8,023,776	—	—
Sweden	14,401,570	—	14,401,570	—
Switzerland	9,645,128	—	9,645,128	—
Taiwan	12,446,308	12,446,308	—	—

ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     22

	Total value at 10-31-20	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
United Kingdom	$2,391,567	—	$2,391,567	—
United States	30,282,958	$30,282,958	—	—
Exchange-traded funds	5,430,210	5,430,210	—	—
Short-term investments	5,197,077	5,197,077	—	—
Total investments in securities	$251,960,845	$118,946,522	$133,014,323	—

Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Dividend income is recorded on the ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.

Securities lending. The fund may lend its securities to earn additional income. The fund receives collateral from the borrower in an amount not less than the market value of the loaned securities. The fund will invest its cash collateral in JHCT, an affiliate of the fund, which has a floating NAV and is registered with the Securities and Exchange Commission (SEC) as an investment company. JHCT invests in short-term money market investments. The fund will receive the benefit of any gains and bear any losses generated by JHCT with respect to the cash collateral.

The fund has the right to recall loaned securities on demand. If a borrower fails to return loaned securities when due, then the lending agent is responsible and indemnifies the fund for the lent securities. The lending agent uses the collateral received from the borrower to purchase replacement securities of the same issue, type, class and series of the loaned securities. If the value of the collateral is less than the purchase cost of replacement securities, the lending agent is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any decrease in the value of JHCT.

Although the risk of loss on securities lent is mitigated by receiving collateral from the borrower and through lending agent indemnification, the fund could experience a delay in recovering securities or could experience a lower than expected return if the borrower fails to return the securities on a timely basis. The fund receives compensation for lending its securities by retaining a portion of the return on the investment of the collateral and compensation from fees earned from borrowers of the securities. Securities lending income received by the fund is net of fees retained by the securities lending agent. Net income received from JHCT is a component of securities lending income as recorded on the Statement of operations.

Obligations to repay collateral received by the fund are shown on the Statement of assets and liabilities as Payable upon return of securities loaned and are secured by the loaned securities. As of October 31, 2020, the fund loaned securities valued at $4,544,019 and received $5,199,068 of cash collateral.

Foreign investing. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is reflected as a component of the realized and unrealized gains (losses) on investments. Foreign investments are subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.

23     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT

Funds that invest internationally generally carry more risk than funds that invest strictly in U.S. securities. These risks are heightened for investments in emerging markets. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors.

Foreign taxes. The fund may be subject to withholding tax on income, capital gains or repatriations imposed by certain countries, a portion of which may be recoverable. Foreign taxes are accrued based upon the fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued based on gains realized by the fund as a result of certain foreign security sales. In certain circumstances, estimated taxes are accrued based on unrealized appreciation of such securities. Investment income is recorded net of foreign withholding taxes.

Overdraft. The fund may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the fund’s custodian agreement, the custodian may loan money to the fund to make properly authorized payments. The fund is obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.

Line of credit. Effective June 25, 2020, the fund and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, the fund can borrow up to an aggregate commitment amount of $850 million, subject to asset coverage and other limitations as specified in the agreement. Each participating fund paid an upfront fee in connection with this line of credit agreement, which is charged based on a combination of fixed and asset-based allocations and amortized over 365 days. Prior to June 25, 2020, the fund and other affiliated funds had a similar agreement that enabled them to participate in a $750 million unsecured committed line of credit. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of the line of credit, is charged to each participating fund based on a combination of fixed and asset-based allocations and is reflected in Other expenses on the Statement of operations. For the year ended October 31, 2020, the fund had no borrowings under the line of credit. Commitment fees, including upfront fees, for the year ended October 31, 2020 were $4,412.

Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund’s relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the fund level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.

Federal income taxes. The fund intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

Qualified late year ordinary losses of $181,628 are treated as occurring on November 1, 2020, the first day of the fund’s next taxable year.

As of October 31, 2020, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund’s federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.

ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     24

Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The fund generally declares and pays dividends annually. Capital gain distributions, if any, are typically distributed annually.

The tax character of distributions for the year ended October 31, 2020 and for the period ended October 31, 2019 was as follows:

	October 31, 2020	October 31, 2019
Ordinary income	$799,540		—
Long-term capital gains	150,027		—
Total	$949,567		—

Distributions paid by the fund with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class. As of October 31, 2020, the components of distributable earnings on a tax basis consisted of $15,095,937 of undistributed long-term capital gains.

Such distributions and distributable earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund’s financial statements as a return of capital.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to wash sale loss deferrals.

Note 3 — Guarantees and indemnifications

Under the Trust’s organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the fund. Additionally, in the normal course of business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.

Note 4 — Fees and transactions with affiliates

John Hancock Investment Management LLC (the Advisor) serves as investment advisor for the fund. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the fund. The Advisor and the Distributor are indirect, principally owned subsidiaries of Manulife Financial Corporation.

Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor equivalent on an annual basis to the sum of: (a) 0.810% of the first $1 billion of the fund’s average daily net assets; and (b) 0.750% of the fund’s average daily net assets in excess of $1 billion. When aggregate net assets exceed $1 billion on any day, the annual rate of advisory fee for that day is

0.750% on all assets. The Advisor has a subadvisory agreement with Axiom International Investors, LLC. The fund is not responsible for payment of the subadvisory fees.

The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the year ended October 31, 2020, this waiver amounted to 0.01% of the fund’s average daily net assets. This arrangement expires on July 31, 2022, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

25     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT

The Advisor has contractually agreed to reduce its management fee for the fund, or if necessary, make payment to the fund, in an amount equal to the amount by which the fund’s expenses exceed 0.83% of average daily net assets, on an annualized basis. Expenses means all the expenses of the fund, excluding taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the fund’s business, class-specific expenses, acquired fund fees and expenses paid indirectly, borrowing costs, prime brokerage fees, and short dividend expense. This current limitation expires on February 28, 2021, unless renewed by mutual agreement of the fund and Advisor based upon a determination that this is appropriate under the circumstances at that time.

For the year ended October 31, 2020, the expense reductions described above amounted to the following:

Class	Expense reduction
Class A		$2,859
Class C		125
Class I		9,429

Class	Expense reduction
Class R6		$71
Class NAV		338,295
Total		$350,779

Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.

The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended October 31, 2020, were equivalent to a net annual effective rate of 0.69% of the fund’s average daily net assets.

Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the year ended October 31, 2020, amounted to an annual rate of 0.02% of the fund’s average daily net assets.

Distribution and service plans. The fund has a distribution agreement with the Distributor. The fund has adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the fund. The fund may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the fund’s shares:

Class	Rule 12b-1 Fee
Class A		0.25%
Class C		1.00%

Sales charges. Class A shares are assessed up-front sales charges, which resulted in payments to the Distributor amounting to $8,485 for the year ended October 31, 2020. Of this amount, $996 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $7,489 was paid as sales commissions to broker-dealers.

Class A and Class C shares may be subject to contingent deferred sales charges (CDSCs). Certain Class A shares that are acquired through purchases of $1 million or more and are redeemed within one year of purchase are subject to a 1.00% sales charge. Class C shares that are redeemed within one year of purchase are subject to a 1.00% CDSC. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the Distributor for providing distribution-related services in connection with the sale of these shares. During the year ended October 31, 2020, there were no CDSCs received by the Distributor for Class A and Class C shares.

ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     26

Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.

Class level expenses. Class level expenses for the year ended October 31, 2020 were as follows:

Class	Distribution and service fees		Transfer agent fees
Class A		$5,475		$2,678
Class C		991		123
Class I		—		8,813
Class R6		—		7
Total		$6,466		$11,621

Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to the fund based on its net assets relative to other funds within the John Hancock group of funds complex.

Interfund lending program. Pursuant to an Exemptive Order issued by the SEC, the fund, along with certain other funds advised by the Advisor or its affiliates, may participate in an interfund lending program. This program provides an alternative credit facility allowing the fund to borrow from, or lend money to, other participating affiliated funds. At period end, no interfund loans were outstanding. Interest expense is included in Other expenses on the Statement of operations. The fund’s activity in this program during the period for which loans were outstanding was as follows:

Borrower or Lender	Weighted Average Loan Balance		Days Outstanding		Weighted Average Interest Rate			Interest Income (Expense)
Borrower		$5,063,378		11		0.592	%		$(916)
Lender		3,951,522		2		1.350	%		296

27     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT

Note 5 — Fund share transactions

Transactions in fund shares for the year ended October 31, 2020 and for the period ended October 31, 2019 were as follows:

	Year Ended 10-31-20				Period ended 10-31-191
	Shares		Amount		Shares		Amount
Class A shares2
Sold		439,562		$5,392,087		65,429		$661,130
Distributions reinvested		28		303		—		—
Repurchased		(54,001)		(612,898)		(9,344)		(96,269)
Net increase		385,589		$4,779,492		56,085		$564,861
Class C shares2
Sold		5,280		$65,251		7,184		$72,084
Repurchased		(938)		(11,789)		—		—
Net increase		4,342		$53,462		7,184		$72,084
Class I shares2
Sold		1,239,004		$14,415,431		7,286		$74,050
Distributions reinvested		15		161		—		—
Repurchased		(543,019)		(6,022,992)		—		—
Net increase		696,000		$8,392,600		7,286		$74,050
Class R6 shares2
Sold		19		$250		4,955		$50,000
Net increase		19		$250		4,955		$50,000
Class NAV shares
Sold		553,146		$5,507,296		34,497,810		$346,799,399
Distributions reinvested		86,494		948,844		—		—
Repurchased		(15,282,773)		(172,765,131)		(2,393,793)		(24,467,716)
Net increase		(14,643,133)		$(166,308,991)		32,104,017		$322,331,683
Total net increase (decrease)		(13,557,183)		$(153,083,187)		32,179,527		$323,092,678

¹  Period from 4-17-19 (commencement of operations) to 10-31-19.

²  The inception date for Class A, Class C, Class I and Class R6 shares is 5-3-19.

Affiliates of the fund owned 43%, 100% and 100% of shares of Class C, Class R6 and Class NAV, respectively, on October 31, 2020. Such concentration of shareholders’ capital could have a material effect on the fund if such shareholders redeem from the fund.

Note 6 — Purchase and sale of securities

Purchases and sales of securities, other than short-term investments, amounted to $389,778,523 and $544,525,636, respectively, for the year ended October 31, 2020.

ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     28

Note 7 — Industry or sector risk

The fund may invest a large percentage of its assets in one or more particular industries or sectors of the economy. If a large percentage of the fund’s assets are economically tied to a single or small number of industries or sectors of the economy, the fund will be less diversified than a more broadly diversified fund, and it may cause the fund to underperform if that industry or sector underperforms. In addition, focusing on a particular industry or sector may make the fund’s NAV more volatile. Further, a fund that invests in particular industries or sectors is particularly susceptible to the impact of market, economic, regulatory and other factors affecting those industries or sectors.

Note 8 — Investment by affiliated funds

Certain investors in the fund are affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the fund for the purpose of exercising management or control; however, this investment may represent a significant portion of the fund’s net assets. At October 31, 2020, funds within the John Hancock group of funds complex held 93.8% of the fund’s net assets. The following fund(s) had an affiliate ownership of 5% or more of the fund’s net assets:

Portfolio	Affiliated Concentration
John Hancock Funds II Multimanager Lifestyle Growth Portfolio	31.3%
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio	26.6%
John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio	15.5%
John Hancock Funds II Multimanager Lifestyle Moderate Portfolio	5.6%

Note 9 — Investment in affiliated underlying funds

The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund’s fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the fund, if any, is as follows:

													Dividends and distributions
Affiliate	Ending share amount		Beginning value		Cost of purchases		Proceeds from shares sold		Realized gain (loss)		Change in unrealized appreciation (depreciation)		Income distributions received		Capital gain distributions received		Ending value
John Hancock Collateral Trust*		519,261		$10,468,469		$109,129,136		$(114,410,530)		$10,039		$(37)		$189,317		—		$5,197,077

* Refer to the Securities lending note within Note 2 for details regarding this investment.

Note 10 — Coronavirus (COVID-19) pandemic

The novel COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance.

29     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of John Hancock Investment Trust and Shareholders of John Hancock International Dynamic Growth Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the fund’s investments, of John Hancock International Dynamic Growth Fund (one of the funds constituting John Hancock Investment Trust, referred to hereafter as the “Fund”) as of October 31, 2020, the related statement of operations for the year ended October 31, 2020, the statements of changes in net assets for the year ended October 31, 2020 and for the period April 17, 2019 (commencement of operations) through October 31, 2019, including the related notes, and the financial highlights for each of the periods indicated therein (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2020, the results of its operations for the year ended October 31, 2020, the changes in its net assets for the year ended October 31, 2020 and for the period April 17, 2019 (commencement of operations) through October 31, 2019 and the financial highlights for each of the periods indicated therein in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 16, 2020

We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.

ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     30

Tax information (Unaudited)

For federal income tax purposes, the following information is furnished with respect to the distributions of the fund, if any, paid during its taxable year ended October 31, 2020.

The fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.

The fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

Income derived from foreign sources was $1,677,151. The fund intends to pass through foreign tax credits of $209,128.

The fund paid $150,027 in long term capital gain dividends.

The fund reports the maximum amount allowable of its Section 199A dividends as defined in Proposed Treasury Regulation §1.199A-3(d).

Eligible shareholders will be mailed a 2020 Form 1099-DIV in early 2021. This will reflect the tax character of all distributions paid in calendar year 2020.

Please consult a tax advisor regarding the tax consequences of your investment in the fund.

31     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT

Continuation of Investment Advisory and Subadvisory Agreements

Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees

This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Investment Trust (the Trust) of the Advisory Agreement (the Advisory Agreement) with John Hancock Investment Management LLC (the Advisor) and the Subadvisory Agreement (the Subadvisory Agreement) with Axiom International Investors (the Subadvisor), for John Hancock International Dynamic Growth Fund (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 23-25, 2020 telephonic1 meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a telephonic meeting held on May 26-27, 2020.

Approval of Advisory and Subadvisory Agreements

At a telephonic meeting held on June 23-25, 2020, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees), reapproved for an annual period the continuation of the Advisory Agreement between the Trust and the Advisor and the Subadvisory Agreement between the Advisor and the Subadvisor with respect to the fund.

In considering the Advisory Agreement and the Subadvisory Agreement, the Board received in advance of the meetings a variety of materials relating to the fund, the Advisor and the Subadvisor, including comparative performance, fee and expense information for a peer group of similar funds prepared by an independent third-party provider of fund data, performance information for an applicable benchmark index; and, with respect to the Subadvisor, comparative performance information for comparably managed accounts, as applicable, and other information provided by the Advisor and the Subadvisor regarding the nature, extent and quality of services provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor’s revenues and costs of providing services to the fund and any compensation paid to affiliates of the Advisor. At the meetings at which the renewal of the Advisory Agreement and Subadvisory Agreement are considered, particular focus is given to information concerning fund performance, comparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisor is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to the fund, including quarterly performance reports prepared by management containing reviews of investment results and prior presentations from the Subadvisor with respect to the fund. The information received and considered by the Board in connection with the May and June meetings and throughout the year was both written and oral. The Board also considered the nature, quality, and extent of non-advisory services, if any, to be provided to the fund by the Advisor’s affiliates, including distribution services. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the fund.

Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from

¹On March 25, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pandemic, the Securities and Exchange Commission issued an exemptive order (the “Order”) pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the “1940 Act”), that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board’s May and June meetings were held telephonically in reliance on the Order.

ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     32

their independent legal counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.

Approval of Advisory Agreement

In approving the Advisory Agreement with respect to the fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets, and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board’s conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board’s ongoing regular review of fund performance and operations throughout the year.

Nature, extent, and quality of services. Among the information received by the Board from the Advisor relating to the nature, extent, and quality of services provided to the fund, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor’s compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust’s Chief Compliance Officer (CCO) regarding the fund’s compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the fund’s compliance programs, risk management programs, liquidity management programs and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the fund, including, but not limited to, general supervision of and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and other third-party service providers. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the fund including entrepreneurial risk in sponsoring new funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.

In considering the nature, extent, and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor’s management and the quality of the performance of the Advisor’s duties, through Board meetings, discussions and reports during the preceding year and through each Trustee’s experience as a Trustee of the Trust and of the other trusts in the John Hancock group of funds complex (the John Hancock Fund Complex).

In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:

(a) the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues;

(b) the background, qualifications and skills of the Advisor’s personnel;

(c) the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments;

(d) the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund;

33     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT

(e) the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund;

(f) the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and

(g) the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments.

The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the fund.

Investment performance. In considering the fund’s performance, the Board noted that it reviews at its regularly scheduled meetings information about the fund’s performance results. In connection with the consideration of the Advisory Agreement, the Board:

(a) reviewed information prepared by management regarding the fund’s performance;

(b) considered the comparative performance of an applicable benchmark index;

(c) considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and

(d) took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally.

The Board noted that while it found the data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on the end date selected and the results of the performance comparisons may vary depending on the selection of the peer group. The Board noted that the fund outperformed its benchmark index and peer group median for the period from April 30, 2019 through December 31, 2019. The Board took into account management’s discussion of the fund’s performance, including the favorable performance relative to the benchmark and peer group median for the period from April 30, 2019 through December 31, 2019. The Board concluded that the fund’s performance has generally been in line with or outperformed the historical performance of comparable funds and the fund’s benchmark index.

Fees and expenses. The Board reviewed comparative information prepared by an independent third-party provider of fund data, including, among other data, the fund’s contractual and net management fees (and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the fund in light of the nature, extent and quality of the management and advisory and subadvisory services provided by the Advisor and the Subadvisor. The Board considered the fund’s ranking within a smaller group of peer funds chosen by the independent third-party provider, as well as the fund’s ranking within a broader group of funds. In comparing the fund’s contractual and net management fees to those of comparable funds, the Board noted that such fees include both advisory and administrative costs. The Board noted that net management fees and net total expenses for the fund are lower than the peer group median.

The Board took into account management’s discussion with respect to the overall management fee and the fees of the Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fee, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor pays the subadvisory fee, and that such fees are negotiated at arm’s length with respect to the Subadvisor. In addition, the Board took into account that management had agreed to implement an overall fee waiver across the complex, including the fund, which is discussed further below. The Board also noted actions taken over the past several years to reduce the fund’s operating expenses. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to the fund and that the fund has breakpoints in its contractual management fee schedule that reduce management fees as assets

ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     34

increase. The Board reviewed information provided by the Advisor concerning the investment advisory fee charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the John Hancock Fund Complex) having similar investment mandates, if any. The Board considered any differences between the Advisor’s and Subadvisor’s services to the fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fee paid with respect to the fund is reasonable in light of the nature, extent and quality of the services provided to the fund under the Advisory Agreement.

Profitability/Fall out benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates from the Advisor’s relationship with the Trust, the Board:

(a) reviewed financial information of the Advisor;

(b) reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund;

(c) received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund;

(d) received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies;

(e) considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board;

(f) considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement;

(g) noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund;

(h) noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund;

(i) noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length;

(j) considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and

(k) considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk.

Based upon its review, the Board concluded that the level of profitability, if any, of the Advisor and its affiliates from their relationship with the fund was reasonable and not excessive.

Economies of scale. In considering the extent to which economies of scale would be realized as the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders, the Board:

(a) considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is

35     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT

based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund;

(b) reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and

(c) the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale.

Approval of Subadvisory Agreement

In making its determination with respect to approval of the Subadvisory Agreement, the Board reviewed:

(1) information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex);

(2) the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds;

(3) the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third-party provider of fund data; and

(4) information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor.

Nature, extent, and quality of services. With respect to the services provided by the Subadvisor, the Board received information provided to the Board by the Subadvisor, including the Subadvisor’s Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor’s current level of staffing and its overall resources, as well as received information relating to the Subadvisor’s compensation program. The Board reviewed the Subadvisor’s history and investment experience, as well as information regarding the qualifications, background, and responsibilities of the Subadvisor’s investment and compliance personnel who provide services to the fund. The Board also considered, among other things, the Subadvisor’s compliance program and any disciplinary history. The Board also considered the Subadvisor’s risk assessment and monitoring process. The Board reviewed the Subadvisor’s regulatory history, including whether it was involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular, periodic reviews of the Subadvisor and its operations, including regarding investment processes and organizational and staffing matters. The Board also noted that the Trust’s CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.

The Board considered the Subadvisor’s investment process and philosophy. The Board took into account that the Subadvisor’s responsibilities include the development and maintenance of an investment program for the fund that is consistent with the fund’s investment objective, the selection of investment securities and the placement of orders for the purchase and sale of such securities, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to the Subadvisor’s brokerage policies and practices, including with respect to best execution and soft dollars.

ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     36

Subadvisor compensation. In considering the cost of services to be provided by the Subadvisor and the profitability to the Subadvisor of its relationship with the fund, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the fund.

The Board also relied on the ability of the Advisor to negotiate the Subadvisory Agreement with the Subadvisor, which is not affiliated with the Advisor, and the fees thereunder at arm’s length. As a result, the costs of the services to be provided and the profits to be realized by the Subadvisor from its relationship with the Trust were not a material factor in the Board’s consideration of the Subadvisory Agreement.

The Board also received information regarding the nature and scope (including their significance to the Advisor and its affiliates and to the Subadvisor) of any material relationships with respect to the Subadvisor, which include arrangements in which the Subadvisor or its affiliates provide advisory, distribution, or management services in connection with financial products sponsored by the Advisor or its affiliates, and may include other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans. The Board also received information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.

In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor’s relationship with the fund, such as the opportunity to provide advisory services to additional funds in the John Hancock Fund Complex and reputational benefits.

Subadvisory fees. The Board considered that the fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. As noted above, the Board also considered the fund’s subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the fund as included in the report prepared by the independent third-party provider of fund data, to the extent available. The Board noted that the limited size of the Lipper peer group was not sufficient for comparative purposes. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the fund and compared them to fees charged by the Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.

Subadvisor performance. As noted above, the Board considered the fund’s performance as compared to the fund’s peer group and the benchmark index and noted that the Board reviews information about the fund’s performance results at its regularly scheduled meetings. The Board noted the Advisor’s expertise and resources in monitoring the performance, investment style and risk-adjusted performance of the Subadvisor. The Board was mindful of the Advisor’s focus on the Subadvisor’s performance. The Board also noted the Subadvisor’s long-term performance record for similar accounts, as applicable.

The Board’s decision to approve the Subadvisory Agreement was based on a number of determinations, including the following:

(1) the Subadvisor has extensive experience and demonstrated skills as a manager;

(2) the performance of the fund has generally been in line with or outperformed the historical performance of comparable funds and the fund’s benchmark index;

(3) the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and

(4) noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows.

*  *  *

37     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT

Based on the Board’s evaluation of all factors that the Board deemed to be material, including those factors described above, the Board, including the Independent Trustees, concluded that renewal of the Advisory Agreement and the Subadvisory Agreement would be in the best interest of the fund and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement for an additional one-year period.

ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     38

Trustees and Officers

This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the fund and execute policies formulated by the Trustees.

Independent Trustees

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Hassell H. McClellan, Born: 1945	2012		196

Trustee and Chairperson of the Board

Director/Trustee, Virtus Funds (since 2008); Director, The Barnes Group (since 2010); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex.

Charles L. Bardelis,² Born: 1941 2012     196

Trustee

Director, Island Commuter Corp. (marine transport). Trustee, John Hancock Collateral Trust (since 2014), Trustee of various trusts within the John Hancock Fund Complex (since 1988).

James R. Boyle, Born: 1959 2015     196

Trustee

Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).

Peter S. Burgess,² Born: 1942 2012     196

Trustee

Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (since 2004); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005).

William H. Cunningham, Born: 1944 1986     196

Trustee

Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986).

Grace K. Fey, Born: 1946 2012     196

Trustee

Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

39     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT

Independent Trustees (continued)

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Deborah C. Jackson, Born: 1952	2008		196

Trustee

President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Massachusetts Women’s Forum (since 2018); Board of Directors, National Association of Corporate Directors/New England (since 2015); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

James M. Oates,² Born: 1946 2012     196

Trustee

Managing Director, Wydown Group (financial consulting firm) (since 1994); Chairman and Director, Emerson Investment Management, Inc. (2000-2015); Independent Chairman, Hudson Castle Group, Inc. (formerly IBEX Capital Markets, Inc.) (financial services company) (1997–2011); Director, Stifel Financial (since 1996); Director, Investor Financial Services Corporation (1995–2007); Director, Connecticut River Bancorp (1998-2014); Director/Trustee, Virtus Funds (since 1988). Trustee (since 2004) and Chairperson of the Board (2005-2016) of various trusts within the John Hancock Fund Complex.

Steven R. Pruchansky, Born: 1944 1994     196

Trustee and Vice Chairperson of the Board

Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (since 2014); Director and President, Greenscapes of Southwest Florida, Inc. (2000-2014); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex.

Frances G. Rathke,²,* Born: 1960 2020     196

Trustee

Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020).

ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     40

Independent Trustees (continued)

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Gregory A. Russo, Born: 1949	2009		196

Trustee

Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

Non-Independent Trustees³

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Andrew G. Arnott, Born: 1971	2017		196

President and Non-Independent Trustee

Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Executive Vice President, John Hancock Financial Services (since 2009, including prior positions); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).

Marianne Harrison, Born: 1963 2018     196

Non-Independent Trustee

President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018).

41     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT

Principal officers who are not Trustees

Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Officer of the Trust since
Charles A. Rizzo, Born: 1957		2007

Chief Financial Officer

Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007).

Salvatore Schiavone, Born: 1965 2010

Treasurer

Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions).

Christopher (Kit) Sechler, Born: 1973 2018

Chief Legal Officer and Secretary

Vice President and Deputy Chief Counsel, John Hancock Investments (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investments; Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2018); Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009).

Trevor Swanberg, Born: 1979 2020

Chief Compliance Officer

Chief Compliance Officer, various trusts within the John Hancock Fund Complex, John Hancock Investment Management LLC, and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2018–2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2016–2018); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016).

The business address for all Trustees and Officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023.

The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-5291.

1 Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table.

2 Member of the Audit Committee.

3 The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

* Appointed as Independent Trustee effective as of September 15, 2020.

ANNUAL REPORT      |     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     42

More information

Trustees

Hassell H. McClellan, Chairperson

Steven R. Pruchansky, Vice Chairperson

Andrew G. Arnott†

Charles L. Bardelis*

James R. Boyle

Peter S. Burgess*

William H. Cunningham

Grace K. Fey

Marianne Harrison†

Deborah C. Jackson

James M. Oates*

Frances G. Rathke1,*

Gregory A. Russo

Officers

Andrew G. Arnott

President

Charles A. Rizzo

Chief Financial Officer

Salvatore Schiavone

Treasurer

Christopher (Kit) Sechler

Secretary and Chief Legal Officer

Trevor Swanberg2

Chief Compliance Officer

Investment advisor

John Hancock Investment Management LLC

Subadvisor

Axiom International Investors LLC

Portfolio Managers

Bradley Amoils

Andrew Jacobson, CFA

Principal distributor

John Hancock Investment Management Distributors LLC

Custodian

Citibank, N.A.

Transfer agent

John Hancock Signature Services, Inc.

Legal counsel

K&L Gates LLP

Independent registered public accounting firm

PricewaterhouseCoopers LLP

* Member of the Audit Committee

† Non-Independent Trustee

1 Appointed as Independent Trustee effective as of September 15, 2020

2 Effective July 31, 2020

The fund’s proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.

All of the fund’s holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The fund’s Form N-PORT filings are available on our website and the SEC’s website, sec.gov.

We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.

You can also contact us:
800-225-5291	Regular mail:	Express mail:
jhinvestments.com	John Hancock Signature Services, Inc.	John Hancock Signature Services, Inc.
	P.O. Box 219909	430 W 7th Street
	Kansas City, MO 64121-9909	Suite 219909
		Kansas City, MO 64105-1407

43     JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND     |     ANNUAL REPORT

John Hancock family of funds

DOMESTIC EQUITY FUNDS

Blue Chip Growth

Classic Value

Disciplined Value

Disciplined Value Mid Cap

Equity Income

Financial Industries

Fundamental All Cap Core

Fundamental Large Cap Core

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

GLOBAL AND INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

INCOME FUNDS

Bond

California Tax-Free Income

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Short Duration Bond

Short Duration Credit Opportunities

Strategic Income Opportunities

Tax-Free Bond

ALTERNATIVE AND SPECIALTY FUNDS

Absolute Return Currency

Alternative Asset Allocation

Alternative Risk Premia

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

A fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investment Management at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.

ASSET ALLOCATION

Balanced

Multi-Asset High Income

Multi-Index Lifetime Portfolios

Multi-Index Preservation Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

Retirement Income 2040

EXCHANGE-TRADED FUNDS

John Hancock Multifactor Consumer Discretionary ETF

John Hancock Multifactor Consumer Staples ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Energy ETF

John Hancock Multifactor Financials ETF

John Hancock Multifactor Healthcare ETF

John Hancock Multifactor Industrials ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Materials ETF

John Hancock Multifactor Media and Communications ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Multifactor Technology ETF

John Hancock Multifactor Utilities ETF

ENVIRONMENTAL, SOCIAL, AND GOVERNANCE FUNDS

ESG All Cap Core

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Financial Opportunities

Hedged Equity & Income

Income Securities Trust

Investors Trust

Preferred Income

Preferred Income II

Preferred Income III

Premium Dividend

Tax-Advantaged Dividend Income

Tax-Advantaged Global Shareholder Yield

John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC or Dimensional Fund Advisors LP.

Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.

John Hancock Investment Management

A trusted brand

John Hancock Investment Management is a premier asset manager with a heritage of financial stewardship dating back to 1862. Helping our shareholders pursue their financial goals is at the core of everything we do. It’s why we support the role of professional financial advice and operate with the highest standards of conduct and integrity.

A better way to invest

We serve investors globally through a unique multimanager approach: We search the world to find proven portfolio teams with specialized expertise for every strategy we offer, then we apply robust investment oversight to ensure they continue to meet our uncompromising standards and serve the best interests of our shareholders.

Results for investors

Our unique approach to asset management enables us to provide a diverse set of investments backed by some of the world’s best managers, along with strong risk-adjusted returns across asset classes.

John Hancock Investment Management Distributors LLC ∎ Member FINRA, SIPC

200 Berkeley Street ∎ Boston, MA 02116-5010 ∎ 800-225-5291 ∎ jhinvestments.com

This report is for the information of the shareholders of John Hancock International Dynamic Growth Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

MF1399352	474A 10/20
	12/2020

Dear shareholders,

Despite heightened fears over the coronavirus (COVID-19), which sent markets tumbling in the first quarter of the calendar year, global financial markets delivered positive returns for the 12 months ended October 31, 2020. The governments of many nations worked to shore up their economies, and equity markets began to rise from their first-quarter sell-off; this comeback gathered momentum for the remainder of the period.

Of course, it would be a mistake to consider this market turnaround a trustworthy signal of assured or swift economic recovery. Economic growth has slowed as the ongoing spread of COVID-19 continues to create uncertainty among businesses and investors. Lockdowns and curfews in certain parts of the world have been reinstated and consumer spending remains far below prepandemic levels.

From an investment perspective, we continue to think that maintaining a focus on long-term objectives while pursuing a risk-aware strategy is a prudent way forward. Above all, we believe the counsel of a trusted financial professional continues to matter now more than ever. Periods of heightened uncertainty are precisely the time to review your financial goals and follow a plan that helps you make the most of what continues to be a challenging situation.

On behalf of everyone at John Hancock Investment Management, I’d like to take this opportunity to welcome new shareholders and thank existing shareholders for the continued trust you’ve placed in us.

Sincerely,

Andrew G. Arnott

President and CEO,

John Hancock Investment Management

Head of Wealth and Asset Management,

United States and Europe

This commentary reflects the CEO’s views as of this report’s period end and are subject to change at any time. Diversification does not guarantee investment returns and does not eliminate risk of loss. All investments entail risks, including the possible loss of principal. For more up-to-date information, you can visit our website at jhinvestments.com.

John Hancock

Diversified Macro Fund

Table of contents
	2	Your fund at a glance
	4	Manager’s discussion of fund performance
	6	A look at performance
	8	Your expenses
	10	Consolidated Fund’s investments
	14	Consolidated financial statements
	17	Consolidated financial highlights
	22	Notes to consolidated financial statements
	33	Report of independent registered public accounting firm
	34	Tax information
	35	Continuation of investment advisory and subadvisory agreements
	42	Trustees and Officers
	46	More information

1     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT

Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks long-term capital appreciation.

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2020 (%)

The ICE Bank of America 0–3 Month U.S. Treasury Bill Index tracks the performance of U.S. dollar-denominated U.S. Treasury bills publicly issued in the U.S. domestic market with a remaining term to final maturity of less than three months.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

The fund’s Morningstar category average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on their historical portfolio holdings. Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower. Since inception returns for the Morningstar fund category average are not available.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Performance of the other share classes will vary based on the difference in the fees and expenses of those classes. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and can be found at jhinvestments.com or by calling 800-225-5291. For further information on the fund’s objectives, risks, and strategy, see the fund’s prospectus.

ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     2

PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

COVID-19 pandemic affected markets

Business closures and quarantine measures, coupled with general fear, triggered a major drop-off in economic activity and pushed investors to safety.

The fund posted a loss and underperformed its benchmark, the ICE Bank of America 0–3 Month U.S. Treasury Bill Index

The short-term volatility challenged the fund’s intermediate- to long-term directional strategies, particularly long positions in European equity indexes.

Commodity strategy helped fund mitigate its loss

The fund’s strategy in commodities, primarily from positions in energy and metals, performed positively.

A note about risks

The fund may be subject to various risks as described in the fund’s prospectus. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance. For example, the novel coronavirus disease (COVID-19) has resulted in significant disruptions to global business activity. The impact of a health crisis and other epidemics and pandemics that may arise in the future, could affect the global economy in ways that cannot necessarily be foreseen at the present time. A health crisis may exacerbate other pre-existing political, social, and economic risks. Any such impact could adversely affect the fund’s performance, resulting in losses to your investment. For more information, please refer to the “Principal risks” section of the prospectus.

3     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT

Manager’s discussion of fund performance

How would you describe the investment backdrop during the 12 months ended October 31, 2020?

The most notable part of this period was in the first quarter of 2020, when the threat of coronavirus escalated and concerns around health, safety, and the potential economic impact drove macro markets and ultimately culminated in a severe shift in risk appetite and an equity reversal that was unparalleled since the global financial crisis. These extreme market moves happened at a frenetic pace, and the rush to liquidity exacerbated the already unprecedented market volatility.

Equities were at the forefront of market volatility amidst panic over the short- and long-term implications of the coronavirus (COVID-19) in the first quarter of 2020. The broad-based S&P 500 Index fell into a bear market with a more than 20% drop from peak in late February into early March in just 16 trading days. In comparison, during the 2008/2009 global financial crisis, it took nearly a year for equities to drop 20% from their peak.

Business closures and quarantine measures, coupled with general fear, triggered a major drop-off in economic activity and pushed investors to safety in bonds despite days in which bonds sold off sharply as liquidation took hold in markets. Currencies also experienced more volatility.

How did the fund perform in this environment?

The fund recorded a loss during the period, primarily due to performance during the first quarter of 2020. The type of short-term volatility that occurred during this time was difficult for intermediate- to long-term directional strategies, such as the one we employ for the fund. Despite heading into the crisis as a well-diversified portfolio—with a long equity position diversified by long U.S. dollar exposure, long bond positions, and short energy exposure—the speed and magnitude of the initial equity decline challenged the strategy. The unprecedented shock, including increased volatility in stocks and fixed income, coupled with traditional safe-haven assets, such as fixed income and gold, failing to provide enough protection led to losses for the strategy during the first quarter of 2020.

For the remainder of the period, the strategy recorded gains, recovering a material portion of its earlier losses as markets returned to more normal levels of volatility.

From a sector perspective, the strategy experienced losses primarily from long positions in global equity indexes, notably European benchmark indexes and, to a

ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     4

  lesser extent, U.S. and Asian benchmark indexes. The strategy experienced modest losses in currencies, including positions in the British pound sterling, Canadian dollar, and the New Zealand dollar versus the U.S. dollar.   The strategy recorded profits in commodities, primarily from positions in energy and metals. In fixed income, the strategy recorded gains on the long end of the yield curve in the United States with smaller gains in U.S. short rates.   MANAGED BY                                                    Kenneth G. Tropin   Pablo E. Calderini  

The views expressed in this report are exclusively those of Graham Capital Management, L.P., and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the fund for the entire period. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk.

5     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT

A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2020
Average annual total returns (%) with maximum sales charge			Cumulative total returns (%) with maximum sales charge
	1-year	Since inception (7-29-19)	Since inception (7-29-19)
Class A	-10.24	-6.62	-8.28
Class C	-7.12	-3.46	-4.34
Class I1	-5.18	-2.39	-3.00
Class R61	-5.09	-2.31	-2.90
Class NAV1	-5.09	-2.31	-2.90
Index†	0.80	1.07	1.35

Performance figures assume all distributions are reinvested. Figures reflect maximum sales charges on Class A shares of 5% and the applicable contingent deferred sales charge (CDSC) on Class C shares. Class C shares sold within one year of purchase are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R6, and Class NAV shares.

The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the fund and may differ from those disclosed in the Consolidated financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until February 28, 2021 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:

	Class A	Class C	Class I	Class R6	Class NAV
Gross (%)	1.76	2.51	1.51	1.40	1.39
Net (%)	1.70	2.45	1.45	1.34	1.33

Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.

The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the fund’s website at jhinvestments.com.

The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The fund’s performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.

^†  Index is the ICE Bank of America 0-3 Month U.S. Treasury Bill Index.

See the following page for footnotes.

ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     6

This chart and table show what happened to a hypothetical $10,000 investment in John Hancock Diversified Macro Fund for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in the ICE Bank of America 0-3 Month U.S. Treasury Bill Index

	Start date		With maximum sales charge ($)		Without sales charge ($)		Index ($)
Class C2		7-29-19		9,566		9,566		10,135
Class I1		7-29-19		9,700		9,700		10,135
Class R61		7-29-19		9,710		9,710		10,135
Class NAV1		7-29-19		9,710		9,710		10,135

The ICE Bank of America 0–3 Month U.S. Treasury Bill Index tracks the performance of U.S. dollar-denominated U.S. Treasury bills publicly issued in the U.S. domestic market with a remaining term to final maturity of less than three months.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

Footnotes related to performance pages

¹ For certain types of investors, as described in the fund’s prospectuses.

² The contingent deferred sales charge is not applicable.

7     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT

Your expenses

These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds.

Understanding fund expenses

As a shareholder of the fund, you incur two types of costs:

∎ Transaction costs, which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc.

∎ Ongoing operating expenses, including management fees, distribution and service fees (if applicable), and other fund expenses.

We are presenting only your ongoing operating expenses here.

Actual expenses/actual returns

The first line of each share class in the table on the following page is intended to provide information about the fund’s actual ongoing operating expenses, and is based on the fund’s actual return. It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020.

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at October 31, 2020, by $1,000.00, then multiply it by the “expenses paid” for your share class from the table. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

Hypothetical example for comparison purposes

The second line of each share class in the table on the following page allows you to compare the fund’s ongoing operating expenses with those of any other fund. It provides an example of the fund’s hypothetical account values and hypothetical expenses based on each class’s actual expense ratio and an assumed 5% annualized return before expenses (which is not the class’s actual return). It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     8

Remember, these examples do not include any transaction costs, therefore, these examples will not help you to determine the relative total costs of owning different funds. If transaction costs were included, your expenses would have been higher. See the prospectuses for details regarding transaction costs.

SHAREHOLDER EXPENSE EXAMPLE CHART

		Account value on 5-1-2020		Ending value on 10-31-2020		Expenses paid during period ended 10-31-20201		Annualized expense ratio
Class A	Actual expenses/actual returns		$1,000.00		$1,032.20		$  8.74		1.71%
	Hypothetical example		1,000.00		1,016.50		8.67		1.71%
Class C	Actual expenses/actual returns		1,000.00		1,029.00		12.55		2.46%
	Hypothetical example		1,000.00		1,012.80		12.45		2.46%
Class I	Actual expenses/actual returns		1,000.00		1,034.30		7.41		1.45%
	Hypothetical example		1,000.00		1,017.80		7.35		1.45%
Class R6	Actual expenses/actual returns		1,000.00		1,034.30		6.90		1.35%
	Hypothetical example		1,000.00		1,018.30		6.85		1.35%
Class NAV	Actual expenses/actual returns		1,000.00		1,035.40		6.80		1.33%
	Hypothetical example		1,000.00		1,018.50		6.75		1.33%

¹  Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period).

9     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT

Consolidated Fund’s investments

AS OF 10-31-20

	Par value^		Value
Short-term investments 40.9%				$101,000,000
(Cost $101,000,000)
Repurchase agreement 40.9%				101,000,000
Nomura Securities International, Inc. Tri-Party Repurchase Agreement dated 10-30-20 at (0.010%) to be repurchased at $100,999,916 on 11-2-20, collateralized by $100,989,800 U.S. Treasury Bills, 0.000% due 11-5-20 to 6-17-21 (valued at $100,943,638) and $2,090,000 U.S. Treasury STRIPS, 0.000% due 2-15-23 to 2-15-24 (valued at $2,076,386)		101,000,000		101,000,000
Total investments (Cost $101,000,000) 40.9%				$101,000,000
Other assets and liabilities, net 59.1%				145,805,018
Total net assets 100.0%				$246,805,018

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

^All par values are denominated in U.S. dollars unless otherwise indicated.

Security Abbreviations and Legend

STRIPS Separate Trading of Registered Interest and Principal Securities

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     10

DERIVATIVES

FUTURES

Open contracts	Number of contracts	Position	Expiration date	Notional basis^			Notional value^			Unrealized appreciation (depreciation)
10-Year Japan Government Bond Futures	25	Long	Dec 2020		$36,314,509			$36,243,374			$(71,135	)
2-Year U.S. Treasury Note Futures	261	Long	Jan 2021		57,656,667			57,638,180			(18,487	)
30-Year U.S. Treasury Bond Futures	59	Long	Dec 2020		10,256,781			10,149,844			(106,937	)
90-Day Pound Sterling Futures	821	Long	Dec 2021		132,879,320			132,977,750			98,430
Australian 10-Year Bond Futures	271	Long	Dec 2020		28,213,130			28,434,100			220,970
CAC40 Index Futures	123	Long	Nov 2020		7,059,919			6,592,432			(467,487	)
Canadian 10-Year Bond Futures	89	Long	Dec 2020		10,118,340			10,077,047			(41,293	)
Dow Jones Industrial Average Index E-Mini Futures	92	Long	Dec 2020		12,763,933			12,142,160			(621,773	)
Electrolytic Copper Futures	36	Long	Dec 2020		5,802,367			6,043,275			240,908
Electrolytic Copper Futures	17	Long	Mar 2021		2,857,773			2,857,700			(73	)
Euro-Bund Futures	145	Long	Dec 2020		29,400,083			29,743,720			343,637
Euro-EURIBOR Interest Rate Futures	483	Long	Dec 2021		141,300,843			141,446,665			145,822
Euro-Schatz Futures	402	Long	Dec 2020		52,576,433			52,657,070			80,637
German Stock Index Futures	54	Long	Dec 2020		19,863,476			18,195,119			(1,668,357	)
Gold 100 Oz Futures	16	Long	Dec 2020		3,019,638			3,003,680			(15,958	)
Hang Seng Index Futures	41	Long	Nov 2020		6,528,557			6,417,410			(111,147	)
Long Gilt Futures	41	Long	Dec 2020		7,196,536			7,201,425			4,889
NASDAQ 100 Index E-Mini Futures	74	Long	Dec 2020		16,707,034			16,361,770			(345,264	)
Nikkei 225 Index Futures	74	Long	Dec 2020		16,459,254			16,355,700			(103,554	)
Russell 2000 Index Mini Futures	235	Long	Dec 2020		17,972,367			18,066,800			94,433
S&P 500 E-Mini Index Futures	143	Long	Dec 2020		24,026,773			23,346,538			(680,235	)
SGX Japanese Government Bond Futures	9	Long	Dec 2020		1,305,750			1,305,105			(645	)
Silver Futures	82	Long	Dec 2020		10,265,041			9,717,000			(548,041	)
Soybean Futures	102	Long	Mar 2021		5,302,174			5,343,525			41,351
Soybean Meal Futures	49	Long	Dec 2020		1,859,448			1,857,100			(2,348	)
Tokyo Price Index Futures	123	Long	Dec 2020		19,113,269			18,732,843			(380,426	)
U.S. Dollar Index Futures	48	Long	Dec 2020		4,467,054			4,514,160			47,106
Wheat Futures	87	Long	Dec 2020		2,570,916			2,603,475			32,559
Zinc Futures	38	Long	Dec 2020		2,428,996			2,391,625			(37,371	)
10-Year U.S. Treasury Note Futures	440	Short	Dec 2020		(61,276,967	)		(60,775,000	)		501,967
5-Year U.S. Treasury Note Futures	969	Short	Jan 2021		(122,003,108	)		(121,692,773	)		310,335
90-Day Eurodollar Futures	227	Short	Dec 2021		(56,631,348	)		(56,616,638	)		14,710
Brent Crude Futures	246	Short	Dec 2020		(10,567,306	)		(9,298,800	)		1,268,506
Cocoa Futures	26	Short	Dec 2020		(580,594	)		(539,267	)		41,327
Coffee ’C’ Futures	43	Short	Mar 2021		(1,726,154	)		(1,720,538	)		5,616
Corn Futures	200	Short	Dec 2020		(3,440,698	)		(3,975,000	)		(534,302	)
Cotton No. 2 Futures	38	Short	Mar 2021		(1,340,734	)		(1,325,440	)		15,294
Euro STOXX 50 Index Futures	25	Short	Dec 2020		(877,837	)		(861,547	)		16,290
Euro-BOBL Futures	263	Short	Dec 2020		(41,390,278	)		(41,620,302	)		(230,024	)

11     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FUTURES (continued)

Open contracts	Number of contracts		Position		Expiration date		Notional basis^			Notional value^			Unrealized appreciation (depreciation)
FTSE 100 Index Futures		222		Short		Dec 2020		(17,011,241	)		(15,999,300	)		$1,011,941
Gas Oil Futures		145		Short		Dec 2020		(4,998,081	)		(4,451,500	)		546,581
Gasoline RBOB Futures		118		Short		Dec 2020		(5,554,845	)		(5,098,733	)		456,112
Hard Red Winter Wheat Futures		79		Short		Dec 2020		(1,713,689	)		(2,138,925	)		(425,236	)
Natural Gas Futures		117		Short		Nov 2020		(3,763,257	)		(3,935,880	)		(172,623	)
NY Harbor ULSD Futures		145		Short		Dec 2020		(7,204,292	)		(6,574,155	)		630,137
Primary Aluminum Futures		64		Short		Mar 2021		(2,946,561	)		(2,962,400	)		(15,839	)
Soybean Oil Futures		43		Short		Dec 2020		(764,617	)		(869,202	)		(104,585	)
Sugar No. 11 (World) Futures		10		Short		Mar 2021		(155,633	)		(161,504	)		(5,871	)
WTI Crude Futures		246		Short		Nov 2020		(9,876,699	)		(8,769,900	)		1,106,799
														$567,346

^ Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

FORWARD FOREIGN CURRENCY CONTRACTS

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation	Unrealized depreciation
AUD	33,128,000	USD	24,054,614	BOA	12/18/2020	—	$(763,090)
CAD	43,231,000	USD	32,767,526	BOA	12/18/2020	—	(311,454)
CHF	26,095,000	USD	28,609,073	BOA	12/18/2020	—	(109,716)
EUR	35,785,000	USD	42,373,867	BOA	12/18/2020	—	(650,352)
GBP	4,772,000	USD	6,174,822	BOA	12/18/2020	$9,529	—
JPY	9,263,378,000	USD	87,682,328	BOA	12/18/2020	855,696	—
MXN	214,558,000	USD	9,840,900	BOA	12/18/2020	222,825	—
NZD	22,160,000	USD	14,802,470	BOA	12/18/2020	—	(149,729)
USD	58,613,430	AUD	82,397,000	BOA	12/18/2020	682,021	—
USD	6,460,014	CAD	8,581,000	BOA	12/18/2020	17,749	—
USD	18,242,489	CHF	16,795,000	BOA	12/18/2020	—	(99,979)
USD	109,241,124	EUR	92,906,000	BOA	12/18/2020	917,387	—
USD	13,966,683	GBP	10,834,000	BOA	12/18/2020	—	(73,817)
USD	14,860,226	JPY	1,565,114,000	BOA	12/18/2020	—	(98,907)
USD	417,948	MXN	9,272,000	BOA	12/18/2020	—	(16,950)
USD	9,524,076	NZD	14,447,000	BOA	12/18/2020	—	(28,638)
						$2,705,207	$(2,302,632)

Derivatives Currency Abbreviations
AUD	Australian Dollar
CAD	Canadian Dollar
CHF	Swiss Franc
EUR	Euro
GBP	Pound Sterling
JPY	Japanese Yen
MXN	Mexican Peso

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     12

NZD	New Zealand Dollar
USD	U.S. Dollar
Derivatives Abbreviations
BOA	Bank of America, N.A.
EURIBOR	Euro Interbank Offered Rate
OTC	Over-the-counter
RBOB	Reformulated Blendstock for Oxygenate Blending
WTI	West Texas Intermediate

At 10-31-20, the aggregate cost of investments for federal income tax purposes was $102,721,708. Net unrealized depreciation aggregated to $751,787, of which $969,921 related to gross unrealized appreciation and $1,721,708 related to gross unrealized depreciation.

See Notes to Consolidated financial statements regarding investment transactions and other derivatives information.

13     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Consolidated financial statements

CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES 10-31-20

Assets
Repurchase agreements, at value (Cost $101,000,000)	$101,000,000
Unrealized appreciation on forward foreign currency contracts	2,705,207
Cash	121,113,840
Foreign currency, at value (Cost $156,919)	152,476
Collateral held at broker for futures contracts	24,921,116
Collateral segregated at custodian for OTC derivative contracts	1,940,000
Interest receivable	12,781
Receivable for fund shares sold	472,232
Receivable from affiliates	482
Other assets	57,883
Total assets	252,376,017
Liabilities
Unrealized depreciation on forward foreign currency contracts	2,302,632
Payable for futures variation margin	2,139,321
Payable for fund shares repurchased	1,001,163
Payable to affiliates
Accounting and legal services fees	9,210
Transfer agent fees	2,576
Trustees’ fees	64
Other liabilities and accrued expenses	116,033
Total liabilities	5,570,999
Net assets	$246,805,018
Net assets consist of
Paid-in capital	$258,831,613
Total distributable earnings (loss)	(12,026,595	)
Net assets	$246,805,018
Net asset value per share
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value
Class A ($70,575 ÷ 7,579 shares)1	$9.31
Class C ($53,649 ÷ 5,816 shares)1	$9.22
Class I ($22,717,334 ÷ 2,430,671 shares)	$9.35
Class R6 ($29,418,795 ÷ 3,143,348 shares)	$9.36
Class NAV ($194,544,665 ÷ 20,791,427 shares)	$9.36
Maximum offering price per share
Class A (net asset value per share ÷ 95%)2	$9.80

¹  Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

²  On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     14

CONSOLIDATED STATEMENT OF OPERATIONS For the year ended 10-31-20

Investment income
Interest	$1,222,759
Expenses
Investment management fees	2,760,017
Distribution and service fees	719
Accounting and legal services fees	46,184
Transfer agent fees	26,988
Trustees’ fees	3,578
Custodian fees	57,337
State registration fees	95,411
Printing and postage	21,857
Professional fees	339,009
Other	43,801
Total expenses	3,394,901
Less expense reductions	(301,252	)
Net expenses	3,093,649
Net investment loss	(1,870,890	)
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments and foreign currency transactions	(31,695	)
Futures contracts	(4,976,504	)
Forward foreign currency contracts	(6,843,641	)
	(11,851,840	)
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments and translation of assets and liabilities in foreign currencies	11,178
Futures contracts	(2,901,974	)
Forward foreign currency contracts	2,321,222
	(569,574	)
Net realized and unrealized loss	(12,421,414	)
Decrease in net assets from operations	$(14,292,304	)

15     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

	Year ended			Period ended
	10-31-20			10-31-191
Increase (decrease) in net assets
From operations
Net investment income (loss)		$(1,870,890	)		$328,359
Net realized gain (loss)		(11,851,840	)		3,185,340
Change in net unrealized appreciation (depreciation)		(569,574	)		1,548,879
Increase (decrease) in net assets resulting from operations		(14,292,304	)		5,062,578
Distributions to shareholders
From earnings
Class A		(2,477	)		—
Class C		(1,853	)		—
Class I		(135,553	)		—
Class R6		(1,853	)		—
Class NAV		(7,675,564	)		—
Total distributions		(7,817,300	)		—
From fund share transactions		54,188,224			209,663,820
Total increase		32,078,620			214,726,398
Net assets
Beginning of year		214,726,398			—
End of year		$246,805,018			$214,726,398

¹  Period from 7-29-19 (commencement of operations) to 10-31-19.

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     16

CONSOLIDATED FINANCIAL HIGHLIGHTS

CLASS A SHARES Period ended	10-31-20			10-31-191
Per share operating performance
Net asset value, beginning of period		$10.22			$10.00
Net investment income (loss)2		(0.12	)		0.01
Net realized and unrealized gain (loss) on investments		(0.42	)		0.21
Total from investment operations		(0.54	)		0.22
Less distributions
From net realized gain		(0.37	)		—
Net asset value, end of period		$9.31			$10.22
Total return (%)3,4		(5.49	)		2.20	5
Ratios and supplemental data
Net assets, end of period (in millions)		$—	6		$—	6
Ratios (as a percentage of average net assets):
Expenses before reductions		1.84			1.84	7
Expenses including reductions		1.71			1.70	7
Net investment income (loss)		(1.29	)		0.23	7
Portfolio turnover (%)		0	8		0	8

¹  Period from 7-29-19 (commencement of operations) to 10-31-19.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Does not reflect the effect of sales charges, if any.

⁵  Not annualized.

⁶  Less than $500,000.

⁷  Annualized.

⁸  The calculation of portfolio turnover excludes amounts from securities whose maturities or expiration dates at the time of acquisition were one year or less, which represents a significant amount of the investments held by the fund. As a result, the portfolio turnover is 0%.

17     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL HIGHLIGHTS (continued)

CLASS C SHARES Period ended	10-31-20			10-31-191
Per share operating performance
Net asset value, beginning of period		$10.20			$10.00
Net investment loss2		(0.18	)		(0.01	)
Net realized and unrealized gain (loss) on investments		(0.43	)		0.21
Total from investment operations		(0.61	)		0.20
Less distributions
From net realized gain		(0.37	)		—
Net asset value, end of period		$9.22			$10.20
Total return (%)3,4		(6.22	)		2.00	5
Ratios and supplemental data
Net assets, end of period (in millions)		$—	6		$—	6
Ratios (as a percentage of average net assets):
Expenses before reductions		2.59			2.59	7
Expenses including reductions		2.46			2.45	7
Net investment loss		(1.93	)		(0.52	)7
Portfolio turnover (%)		0	8		0	8

¹  Period from 7-29-19 (commencement of operations) to 10-31-19.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Does not reflect the effect of sales charges, if any.

⁵  Not annualized.

⁶  Less than $500,000.

⁷  Annualized.

⁸  The calculation of portfolio turnover excludes amounts from securities whose maturities or expiration dates at the time of acquisition were one year or less, which represents a significant amount of the investments held by the fund. As a result, the portfolio turnover is 0%.

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     18

CONSOLIDATED FINANCIAL HIGHLIGHTS (continued)
CLASS I SHARES Period ended	10-31-20			10-31-191
Per share operating performance
Net asset value, beginning of period		$10.23			$10.00
Net investment income (loss)2		(0.10	)		0.01
Net realized and unrealized gain (loss) on investments		(0.41	)		0.22
Total from investment operations		(0.51	)		0.23
Less distributions
From net realized gain		(0.37	)		—
Net asset value, end of period		$9.35			$10.23
Total return (%)3		(5.18	)		2.30	4
Ratios and supplemental data
Net assets, end of period (in millions)		$23			$2
Ratios (as a percentage of average net assets):
Expenses before reductions		1.59			1.59	5
Expenses including reductions		1.46			1.45	5
Net investment income (loss)		(1.09	)		0.30	5
Portfolio turnover (%)		0	6		0	6

¹  Period from 7-29-19 (commencement of operations) to 10-31-19.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Not annualized.

⁵  Annualized.

⁶  The calculation of portfolio turnover excludes amounts from securities whose maturities or expiration dates at the time of acquisition were one year or less, which represents a significant amount of the investments held by the fund. As a result, the portfolio turnover is 0%.

19     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL HIGHLIGHTS (continued)
CLASS R6 SHARES Period ended	10-31-20			10-31-191
Per share operating performance
Net asset value, beginning of period		$10.23			$10.00
Net investment income (loss)2		(0.10	)		0.02
Net realized and unrealized gain (loss) on investments		(0.40	)		0.21
Total from investment operations		(0.50	)		0.23
Less distributions
From net realized gain		(0.37	)		—
Net asset value, end of period		$9.36			$10.23
Total return (%)3		(5.09	)		2.30	4
Ratios and supplemental data
Net assets, end of period (in millions)		$29			$—	5
Ratios (as a percentage of average net assets):
Expenses before reductions		1.48			1.48	6
Expenses including reductions		1.34			1.34	6
Net investment income (loss)		(1.09	)		0.59	6
Portfolio turnover (%)		0	7		0	7

¹  Period from 7-29-19 (commencement of operations) to 10-31-19.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Not annualized.

⁵  Less than $500,000.

⁶  Annualized.

⁷  The calculation of portfolio turnover excludes amounts from securities whose maturities or expiration dates at the time of acquisition were one year or less, which represents a significant amount of the investments held by the fund. As a result, the portfolio turnover is 0%.

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     20

CONSOLIDATED FINANCIAL HIGHLIGHTS (continued)
CLASS NAV SHARES Period ended	10-31-20			10-31-191
Per share operating performance
Net asset value, beginning of period		$10.23			$10.00
Net investment income (loss)2		(0.07	)		0.02
Net realized and unrealized gain (loss) on investments		(0.43	)		0.21
Total from investment operations		(0.50	)		0.23
Less distributions
From net realized gain		(0.37	)		—
Net asset value, end of period		$9.36			$10.23
Total return (%)3		(5.09	)		2.30	4
Ratios and supplemental data
Net assets, end of period (in millions)		$195			$213
Ratios (as a percentage of average net assets):
Expenses before reductions		1.46			1.47	5
Expenses including reductions		1.33			1.33	5
Net investment income (loss)		(0.76	)		0.60	5
Portfolio turnover (%)		0	6		0	6

¹  Period from 7-29-19 (commencement of operations) to 10-31-19.

²  Based on average daily shares outstanding.

³  Total returns would have been lower had certain expenses not been reduced during the applicable periods.

⁴  Not annualized.

⁵  Annualized.

⁶  The calculation of portfolio turnover excludes amounts from securities whose maturities or expiration dates at the time of acquisition were one year or less, which represents a significant amount of the investments held by the fund. As a result, the portfolio turnover is 0%.

21     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Notes to consolidated financial statements

Note 1 — Organization

John Hancock Diversified Macro Fund (the fund) is a series of John Hancock Investment Trust (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective of the fund is to seek long-term capital appreciation.

The fund may offer multiple classes of shares. The shares currently outstanding are detailed in the Consolidated statement of assets and liabilities. Class A and Class C shares are offered to all investors. Class I shares are offered to institutions and certain investors. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class NAV shares are offered to John Hancock affiliated funds of funds, retirement plans for employees of John Hancock and/or Manulife Financial Corporation, and certain 529 plans. Class C shares convert to Class A shares ten years after purchase (certain exclusions may apply). Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.

Effective November 1, 2020, Class C shares convert to Class A shares eight years after purchase (certain exclusions may apply).

Basis of consolidation. The accompanying consolidated financial statements include the accounts of John Hancock Diversified Macro Offshore Subsidiary Fund, Ltd. (the subsidiary), a Cayman Islands exempted company which was incorporated on January 4, 2019, a wholly-owned subsidiary of the fund. The fund and its subsidiary are advised by Graham Capital Management, L.P., (the subadvisor), under the supervision of John Hancock Investment Management LLC (the Advisor). The fund may gain exposure to the commodities markets by investing up to 25% of its total assets in the subsidiary. The subsidiary acts as an investment vehicle for the fund to enable the fund to obtain its commodity exposure by investing in commodity-linked derivative instruments. As of October 31, 2020, the net assets of the subsidiary were $27,014,928 representing 10.9% of the fund’s consolidated net assets. Intercompany accounts and transactions, if any, have been eliminated. The Consolidated Fund’s investments includes positions of the fund and the subsidiary.

The subsidiary primarily obtains its commodity exposure by investing in commodity-linked derivative instruments, which may include but are not limited to total return swaps, commodity (U.S. or foreign) futures and commodity-linked notes. Neither the fund nor the subsidiary intends to invest directly in physical commodities. The subsidiary may also invest in other instruments, including fixed-income securities, either as investments or to serve as margin or collateral for its swap positions, and foreign currency transactions (including forward contracts).

Note 2 — Significant accounting policies

The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the consolidated financial statements. Actual results could differ from those estimates and those differences could be significant. The fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of US GAAP.

Events or transactions occurring after the end of the fiscal period through the date that the consolidated financial statements were issued have been evaluated in the preparation of the consolidated financial statements. The following summarizes the significant accounting policies of the fund:

Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the fund’s Valuation Policies and Procedures.

ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     22

In order to value the securities, the fund uses the following valuation techniques: Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. Futures contracts are typically valued at the last traded price on the exchange on which they trade. Forward foreign currency contracts are valued at the prevailing forward rates which are based on foreign currency exchange spot rates and forward points supplied by an independent pricing vendor. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund’s Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.

The fund uses a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund’s own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the Consolidated Fund’s investments as of October 31, 2020, by major security category or type:

	Total value at 10-31-20		Level 1 quoted price		Level 2 significant observable inputs		Level 3 significant unobservable inputs
Investments in securities:
Assets
Short-term investments	$101,000,000		—		$101,000,000		—
Total investments in securities	$101,000,000		—		$101,000,000		—
Derivatives:
Assets
Futures	$7,276,357		$7,276,357		—		—
Forward foreign currency contracts	2,705,207		—		$2,705,207		—
Liabilities
Futures	(6,709,011	)	(6,597,864	)	(111,147	)	—
Forward foreign currency contracts	(2,302,632	)	—		(2,302,632	)	—

23     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT

Repurchase agreements. The fund and its subsidiary may enter into repurchase agreements. When the fund or subsidiary enter into a repurchase agreement, it receives collateral that is held in a segregated account by the fund or subsidiary’s custodian, or for tri-party repurchase agreements, collateral is held at a third-party custodian bank in a segregated account for the benefit of the fund or subsidiary. 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. Collateral received by the fund for repurchase agreements is disclosed in the Consolidated Fund’s investments as part of the caption related to the repurchase agreement.

Repurchase agreements are typically governed by the terms and conditions of the Master Repurchase Agreement and/or Global Master Repurchase Agreement (collectively, MRA). Upon an event of default, the non-defaulting party may close out all transactions traded under the MRA and net amounts owed. Absent an event of default, assets and liabilities resulting from repurchase agreements are not offset in the Consolidated statement of assets and liabilities. 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 or the counterparty may have insufficient assets to pay claims resulting from close-out of the transactions.

Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.

Foreign investing. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is reflected as a component of the realized and unrealized gains (losses) on investments. Foreign investments are subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.

Funds that invest internationally generally carry more risk than funds that invest strictly in U.S. securities. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors.

Overdraft. The fund may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the fund’s custodian agreement, the custodian may loan money to the fund to make properly authorized payments. The fund is obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.

Line of credit. Effective June 25, 2020, the fund and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, the fund can borrow up to an aggregate commitment amount of $850 million, subject to asset coverage and other limitations as specified in the agreement. Each participating fund paid an upfront fee in connection with this line of credit agreement, which is charged based on a combination of fixed and asset-based allocations and amortized over 365 days. Prior to June 25, 2020, the fund and other affiliated funds had a similar agreement that enabled them to participate in a $750 million unsecured committed line of credit. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of the line of credit, is charged to each participating fund based on a combination of fixed and asset-based allocations and is reflected in Other expenses on the Consolidated statement of operations. For the year ended October 31, 2020, the fund had no borrowings under the line of credit. Commitment fees, including upfront fees, for the year ended October 31, 2020 were $3,575.

ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     24

Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund’s relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the fund level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.

Federal income taxes. The fund intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

For federal income tax purposes, as of October 31, 2020, the fund has a short-term capital loss carryforward of $8,908,559 and a long-term capital loss carryforward of $8,003,660 available to offset future net realized capital gains. This carryforward does not expire.

As of October 31, 2020, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund’s federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.

Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The fund generally declares and pays dividends annually. Capital gain distributions, if any, are typically distributed annually.

The tax character of distributions for the year ended October 31, 2020 and for the period ended October 31, 2019 was as follows:

	October 31, 2020		October 31, 2019
Ordinary income		$2,774,074		—
Long-term capital gains		5,043,226		—
Total		$7,817,300		—

Distributions paid by the fund with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class. As of October 31, 2020, the components of distributable earnings on a tax basis consisted of $5,638,875 of undistributed ordinary income.

Such distributions and distributable earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund’s consolidated financial statements as a return of capital.

Capital accounts within the consolidated financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to controlled foreign corporation, foreign currency transactions and derivative transactions.

Net income and realized gains from investments held by the subsidiary are treated as ordinary income for tax purposes. If a net loss is realized by the subsidiary in any taxable year, the loss will generally not be available to offset the fund’s ordinary income and/or capital gains for that year.

25     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT

Note 3—Derivative instruments

The fund or its subsidiary may invest in derivatives in order to meet its investment objective. Derivatives include a variety of different instruments that may be traded in the over-the-counter (OTC) market, on a regulated exchange or through a clearing facility. The risks in using derivatives vary depending upon the structure of the instruments, including the use of leverage, optionality, the liquidity or lack of liquidity of the contract, the creditworthiness of the counterparty or clearing organization and the volatility of the position. Some derivatives involve risks that are potentially greater than the risks associated with investing directly in the referenced securities or other referenced underlying instrument. Specifically, the fund is exposed to the risk that the counterparty to an OTC derivatives contract will be unable or unwilling to make timely settlement payments or otherwise honor its obligations. OTC derivatives transactions typically can only be closed out with the other party to the transaction.

Derivatives which are typically traded through the OTC market are regulated by the Commodity Futures Trading Commission (the CFTC). Derivative counterparty risk is managed through an ongoing evaluation of the creditworthiness of all potential counterparties and, if applicable, designated clearing organizations. The fund attempts to reduce its exposure to counterparty risk for derivatives traded in the OTC market, whenever possible, by entering into an International Swaps and Derivatives Association (ISDA) Master Agreement with each of its OTC counterparties. The ISDA gives each party to the agreement the right to terminate all transactions traded under the agreement if there is certain deterioration in the credit quality or contractual default of the other party, as defined in the ISDA. Upon an event of default or a termination of the ISDA, the non-defaulting party has the right to close out all transactions and to net amounts owed.

As defined by the ISDA, the fund or its subsidiary may have collateral agreements with certain counterparties to mitigate counterparty risk on OTC derivatives. Subject to established minimum levels, collateral for OTC transactions is generally determined based on the net aggregate unrealized gain or loss on contracts with a particular counterparty. Collateral pledged to the fund, if any, is held in a segregated account by a third-party agent or held by the custodian bank for the benefit of the fund and can be in the form of cash or debt securities issued by the U.S. government or related agencies; collateral posted by the fund, if any, for OTC transactions is held in a segregated account at the fund’s custodian and is noted in the accompanying Consolidated Fund’s investments, or if cash is posted, on the Consolidated statement of assets and liabilities. The fund’s risk of loss due to counterparty risk is equal to the asset value of outstanding contracts offset by collateral received.

Certain derivatives are traded or cleared on an exchange or central clearinghouse. Exchange-traded or centrally-cleared transactions generally present less counterparty risk to a fund than OTC transactions. The exchange or clearinghouse stands between the fund and the broker to the contract and therefore, credit risk is generally limited to the failure of the exchange or clearinghouse and the clearing member.

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. Futures are traded on an exchange and cleared through a central clearinghouse. 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 the underlying financial instrument and potential losses in excess of the amounts recognized on the Consolidated statement of assets and liabilities. Use of long futures contracts subjects the fund to the risk of loss up to the notional value of the futures contracts. Use of short futures contracts subjects the fund to unlimited risk of loss.

Upon entering into a futures contract, the fund or the subsidiary is required to deposit initial margin with the broker in the form of cash or securities. The amount of required margin is set by the broker and is generally based on a percentage of the contract value. The margin deposit must then be maintained at the established level over the life of the contract. Cash that has been pledged by the fund or the subsidiary is detailed in the Consolidated statement of assets and liabilities as Collateral held at broker for futures contracts. Securities pledged by the fund, if any, are identified in the Consolidated Fund’s investments. Subsequent payments, referred to as variation margin, are made or received by the fund periodically and are based on changes in the market value of open futures contracts. Futures contracts are marked-to-market daily and unrealized gain or loss is recorded by the fund.

ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     26

Payable for futures variation margin is included on the Consolidated statement of assets and liabilities. When the contract is closed, the fund records a realized gain or loss 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.

During the year ended October 31, 2020, the fund or the subsidiary used futures contracts to implement its investment strategy. The fund and its subsidiary held futures contracts with USD notional values ranging from $0.9 billion to $1.2 billion, as measured at each quarter end.

Forward foreign currency contracts. A forward foreign currency contract is an agreement between two parties to buy and sell specific currencies at a price that is set on the date of the contract. The forward contract calls for delivery of the currencies on a future date that is specified in the contract. Forwards are typically traded OTC. 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 if applicable, and the risk that currency movements will not favor the fund thereby reducing the fund’s total return, and the potential for losses in excess of the amounts recognized on the Consolidated statement of assets and liabilities.

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 year ended October 31, 2020, the fund used forward foreign currency contracts to implement its investment strategy. The fund held forward foreign currency contracts with USD notional values ranging from $351.4 million to $507.6 million, as measured at each quarter end.

Fair value of derivative instruments by risk category

The table below summarizes the fair value of derivatives held by the fund and its subsidiary at October 31, 2020 by risk category:

Risk	Consolidated statement of assets and liabilities location	Financial instruments location	Assets derivatives fair value		Liabilities derivatives fair value
Interest rate	Receivable/payable for futures variation margin	Futures1		$1,721,397		$	(468,521)
Currency	Receivable/payable for futures variation margin	Futures1		47,106		—
Commodity	Receivable/payable for futures variation margin	Futures1		4,385,190		(1,862,247	)
Equity	Receivable/payable for futures variation margin	Futures1		1,122,664		(4,378,243	)
Currency	Unrealized appreciation / depreciation on forward foreign currency contracts	Forward foreign currency contracts		2,705,207		(2,302,632	)
				$9,981,564		$	(9,011,643)

¹  Reflects cumulative appreciation/depreciation on futures as disclosed in Consolidated Fund’s investments. Only the year end variation margin is separately disclosed on the Consolidated statement of assets and liabilities.

For financial reporting purposes, the fund and its subsidiary do not offset OTC derivative assets or liabilities that are subject to master netting arrangements, as defined by the ISDAs, in the Consolidated statement of assets and liabilities. In the event of default by the counterparty or a termination of the agreement, the ISDA allows an offset of amounts across the various transactions between the fund and the applicable counterparty. The tables below reflect the fund’s exposure to OTC derivative transactions and exposure to counterparties subject to an ISDA:

27     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT

OTC Financial Instruments	Asset		Liability
Forward foreign currency contracts		$2,705,207		$(2,302,632)
Totals		$2,705,207		$(2,302,632)

Counterparty	Total Market Value of OTC Derivatives		Collateral Posted by Counterparty 1		Collateral Posted by Fund 1		Net Exposure
Bank of America, N.A.		$402,575		—		—		$402,575

¹Reflects collateral posted by the counterparty or posted by the fund, excluding any excess collateral amounts.

Effect of derivative instruments on the Consolidated statement of operations

The table below summarizes the net realized gain (loss) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the year ended October 31, 2020:

Consolidated statement of operations location - Net realized gain (loss) on:
Risk	Futures contracts			Forward foreign currency contracts			Total
Interest rate		$5,801,929			—			$5,801,929
Currency		(233,983	)		$	(6,843,641)		(7,077,624	)
Commodity		8,779,722			—			8,779,722
Equity		(19,324,172	)		—			(19,324,172	)
Total		$	(4,976,504)		$	(6,843,641)		$	(11,820,145)

The table below summarizes the net change in unrealized appreciation (depreciation) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the year ended October 31, 2020:

Consolidated statement of operations location - Change in net unrealized appreciation (depreciation) of:
Risk	Futures contracts			Forward foreign currency contracts		Total
Interest rate		$2,804,874			—		$2,804,874
Currency		89,829			$2,321,222		2,411,051
Commodity		3,108,943			—		3,108,943
Equity		(8,905,620	)		—		(8,905,620	)
Total		$	(2,901,974)		$2,321,222		$	(580,752)

Note 4 — Guarantees and indemnifications

Under the Trust’s organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the fund. Additionally, in the normal course of business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.

Note 5 — Fees and transactions with affiliates

The Advisor serves as investment advisor for the fund. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the fund. The Advisor and the Distributor are indirect, principally owned subsidiaries of Manulife Financial Corporation.

ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     28

Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor equivalent on an annual basis to the sum of: (a) 1.200% of the first $1 billion of the fund’s average daily net assets and (b) 1.150% of the fund’s average daily net assets in excess of $1 billion. The Advisor has a subadvisory agreement with the subadvisor. The fund is not responsible for payment of the subadvisory fees.

The Advisor provides investment management and other services to the subsidiary. The Advisor does not receive separate compensation from the subsidiary for providing investment management or administrative services. However, the fund pays the Advisor based on the fund’s net assets, which include the assets of the subsidiary.

The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the year ended October 31, 2020, this waiver amounted to 0.01% of the fund’s average daily net assets. This arrangement expires on July 31, 2022, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

The Advisor contractually agrees to reduce its management fee or, if necessary, make payment to the fund in an amount equal to the amount by which expenses of the fund and its subsidiary exceed 1.33% of average daily net assets of the fund. For purposes of this agreement, “expenses of the fund” means all fund expenses, excluding taxes; brokerage commissions; interest expense; litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the fund’s business; class-specific expenses; borrowing costs; prime brokerage fees; acquired fund fees and expenses paid indirectly; and short dividend expense. This agreement expires on February 28, 2021, unless renewed by mutual agreement of the fund and the advisor based upon a determination that this is appropriate under the circumstances at that time.

For the year ended October 31, 2020, the expense reductions described above amounted to the following:

Class	Expense reduction
Class A		$126
Class C		69
Class I		28,592

Class	Expense reduction
Class R6		$16,978
Class NAV		255,487
Total		$301,252

Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.

The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended October 31, 2020, were equivalent to a net annual effective rate of 1.07% of the fund’s average daily net assets.

Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the year ended October 31, 2020, amounted to an annual rate of 0.02% of the fund’s average daily net assets.

29     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT

Distribution and service plans. The fund has a distribution agreement with the Distributor. The fund has adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the fund. The fund may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the fund’s shares:

Class	Rule 12b-1 Fee
Class A		0.25	%
Class C		1.00	%

Sales charges. Class A shares are assessed up-front sales charges, which resulted in payments to the Distributor amounting to $90 for the year ended October 31, 2020. Of this amount, $13 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $77 was paid as sales commissions to broker-dealers.

Class A and Class C shares may be subject to contingent deferred sales charges (CDSCs). Certain Class A shares that are acquired through purchases of $1 million or more and are redeemed within one year of purchase are subject to a 1.00% sales charge. Class C shares that are redeemed within one year of purchase are subject to a 1.00% CDSC. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the Distributor for providing distribution-related services in connection with the sale of these shares. During the year ended October 31, 2020, there were no CDSCs received by the Distributor for Class A and Class C shares.

Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.

Class level expenses. Class level expenses for the year ended October 31, 2020 were as follows:

Class	Distribution and service fees		Transfer agent fees
Class A		$201		$100
Class C		518		65
Class I		—		24,999
Class R6		—		1,824
Total		$719		$26,988

Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to the fund based on its net assets relative to other funds within the John Hancock group of funds complex.

ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     30

Note 6 — Fund share transactions

Transactions in fund shares for the year ended October 31, 2020 and for the period ended October 31, 2019 were as follows:

	Year Ended 10-31-20						Period ended 10-31-191
	Shares			Amount			Shares			Amount
Class A shares
Sold		11,358			$105,287			5,330			$53,352
Distributions reinvested		63			623			—			—
Repurchased		(9,172	)		(85,184	)		—			—
Net increase		2,249			$20,726			5,330			$53,352
Class C shares
Sold		816			$7,685			5,000			$50,000
Net increase		816			$7,685			5,000			$50,000
Class I shares
Sold		3,287,305			$31,965,858			178,142			$1,814,500
Distributions reinvested		13,679			135,553			—			—
Repurchased		(1,043,325	)		(9,476,220	)		(5,130	)		(52,214	)
Net increase		2,257,659			$22,625,191			173,012			$1,762,286
Class R6 shares
Sold		3,482,862			$33,233,641			5,000			$50,000
Repurchased		(344,514	)		(3,140,768	)		—			—
Net increase		3,138,348			$30,092,873			5,000			$50,000
Class NAV shares
Sold		2,704,228			$24,971,639			22,445,196			$224,465,959
Distributions reinvested		773,746			7,675,564			—			—
Repurchased		(3,482,783	)		(31,205,454	)		(1,648,960	)		(16,717,777	)
Net increase		(4,809	)		$1,441,749			20,796,236			$207,748,182
Total net increase		5,394,263			$54,188,224			20,984,578			$209,663,820

¹  Period from 7-29-19 (commencement of operations) to 10-31-19.

Affiliates of the fund owned 66%, 86% and 100% of shares of Class A, Class C and Class NAV, respectively, on October 31, 2020. Such concentration of shareholders’ capital could have a material effect on the fund if such shareholders redeem from the fund.

Note 7 — Purchase and sale of securities

There were no purchases and sales of securities, other than short-term investments, for the year ended October 31, 2020.

31     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT

Note 8 — Investment by affiliated funds

Certain investors in the fund are affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the fund for the purpose of exercising management or control; however, this investment may represent a significant portion of the fund’s net assets. At October 31, 2020, funds within the John Hancock group of funds complex held 78.9% of the fund’s net assets. The following fund(s) had an affiliate ownership of 5% or more of the fund’s net assets:

Fund	Affiliated Concentration
John Hancock Funds II Multimanager Lifestyle Growth Portfolio	30.4%
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio	19.9%
John Hancock Funds II Alternative Asset Allocation	14.8%
John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio	13.7%

Note 9 — Coronavirus (COVID-19) pandemic

The novel COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance.

ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     32

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of John Hancock Investment Trust and Shareholders of John Hancock Diversified Macro Fund

Opinion on the Financial Statements

We have audited the accompanying consolidated statement of assets and liabilities, including the consolidated fund’s investments, of John Hancock Diversified Macro Fund and its subsidiary (one of the funds constituting John Hancock Investment Trust, referred to hereafter as the “Fund”) as of October 31, 2020, the related consolidated statement of operations for the year ended October 31, 2020 and the consolidated statements of changes in net assets and the consolidated financial highlights for the year ended October 31, 2020 and for the period July 29, 2019 (commencement of operations) through October 31, 2019, including the related notes (collectively referred to as the ”consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2020, the results of its operations for the year ended October 31, 2020, and the changes in its net assets and the financial highlights for the year ended October 31, 2020 and for the period July 29, 2019 (commencement of operations) through October 31, 2019 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These consolidated financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these consolidated financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian and brokers. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 16, 2020

We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.

33     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT

Tax information (Unaudited)

For federal income tax purposes, the following information is furnished with respect to the distributions of the fund, if any, paid during its taxable year ended October 31, 2020.

The fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.

The fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

The fund paid $5,043,226 in long term capital gain dividends.

The fund reports the maximum amount allowable of its Section 199A dividends as defined in Proposed Treasury Regulation §1.199A-3(d).

Eligible shareholders will be mailed a 2020 Form 1099-DIV in early 2021. This will reflect the tax character of all distributions paid in calendar year 2020.

Please consult a tax advisor regarding the tax consequences of your investment in the fund.

ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     34

Continuation of Investment Advisory and Subadvisory Agreements

Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees

This section¹ describes the evaluation by the Board of Trustees (the Board) of John Hancock Investment Trust (the Trust) of the Advisory Agreement (the Advisory Agreement) with John Hancock Investment Management LLC (the Advisor) and the Subadvisory Agreement (the Subadvisory Agreement) with Graham Capital Management, L.P. (the Subadvisor), for John Hancock Diversified Macro Fund (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 23-25, 2020 telephonic² meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a telephonic meeting held on May 26-27, 2020.

Approval of Advisory and Subadvisory Agreements

At a telephonic meeting held on June 23-25, 2020, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees), reapproved for an annual period the continuation of the Advisory Agreement between the Trust and the Advisor and the Subadvisory Agreement between the Advisor and the Subadvisor with respect to the fund.

In considering the Advisory Agreement and the Subadvisory Agreement, the Board received in advance of the meetings a variety of materials relating to the fund, the Advisor and the Subadvisor, including comparative performance, fee and expense information for a peer group of similar funds prepared by an independent third-party provider of fund data, performance information for an applicable benchmark index; and, with respect to the Subadvisor, comparative performance information for comparably managed accounts, as applicable, and other information provided by the Advisor and the Subadvisor regarding the nature, extent and quality of services provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor’s revenues and costs of providing services to the fund and any compensation paid to affiliates of the Advisor. At the meetings at which the renewal of the Advisory Agreement and Subadvisory Agreement are considered, particular focus is given to information concerning fund performance, comparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisor is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to the fund, including quarterly performance reports prepared by management containing reviews of investment results and prior presentations from the Subadvisor with respect to the fund. The information received and considered by the Board in connection with the May and June meetings and throughout the year was both written and oral. The Board also considered the nature, quality, and extent of non-advisory services, if any, to be provided to the fund by the Advisor’s affiliates, including distribution services. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the fund.

¹The fund invests in a wholly owned subsidiary of the fund organized as a company under the laws of the Cayman Islands, Diversified Macro Offshore Subsidiary Fund, Ltd. (the” Cayman Subsidiary”). The Cayman Subsidiary has separate, equivalent agreements with the Advisor and Subadvisor. Neither the Advisor or the Subadvisor is entitled to additional compensation under its separate agreements with the Cayman Subsidiary^.

²On March 25, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pandemic, the Securities and Exchange Commission issued an exemptive order (the” Order”) pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the “1940 Act”), that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board’s May and June meetings were held telephonically in reliance on the Order.

35     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT

Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from their independent legal counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.

Approval of Advisory Agreement

In approving the Advisory Agreement with respect to the fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets, and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board’s conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board’s ongoing regular review of fund performance and operations throughout the year.

Nature, extent, and quality of services. Among the information received by the Board from the Advisor relating to the nature, extent, and quality of services provided to the fund, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor’s compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust’s Chief Compliance Officer (CCO) regarding the fund’s compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the fund’s compliance programs, risk management programs, liquidity management programs and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the fund, including, but not limited to, general supervision of and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and other third-party service providers. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the fund including entrepreneurial risk in sponsoring new funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.

In considering the nature, extent, and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor’s management and the quality of the performance of the Advisor’s duties, through Board meetings, discussions and reports during the preceding year and through each Trustee’s experience as a Trustee of the Trust and of the other trusts in the John Hancock group of funds complex (the John Hancock Fund Complex).

In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:

(a) the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues;

(b) the background, qualifications and skills of the Advisor’s personnel;

(c) the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments;

ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     36

(d) the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund;

(e) the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund;

(f) the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and

(g) the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments.

The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the fund.

Investment performance. In considering the fund’s performance, the Board noted that it reviews at its regularly scheduled meetings information about the fund’s performance results. In connection with the consideration of the Advisory Agreement, the Board:

(a) reviewed information prepared by management regarding the fund’s performance;

(b) considered the comparative performance of an applicable benchmark index;

(c) considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and

(d) took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally.

The Board noted that while it found the data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on the end date selected and the results of the performance comparisons may vary depending on the selection of the peer group. The Board noted that the fund outperformed its benchmark index for the period from July 31, 2019 through December 31, 2019. The Board also noted that the fund underperformed its peer group median for the period from July 31, 2019 through December 31, 2019. The Board took into account management’s discussion of the fund’s performance, including the favorable performance relative to the benchmark index for the period from July 31, 2019 through December 31, 2019. The Board also noted the fund’s relatively limited performance history. The Board concluded that the fund’s performance has generally been in line with or outperformed the historical performance of the fund’s benchmark index.

Fees and expenses. The Board reviewed comparative information prepared by an independent third-party provider of fund data, including, among other data, the fund’s contractual and net management fees (and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the fund in light of the nature, extent and quality of the management and advisory and subadvisory services provided by the Advisor and the Subadvisor. The Board considered the fund’s ranking within a smaller group of peer funds chosen by the independent third-party provider, as well as the fund’s ranking within a broader group of funds. In comparing the fund’s contractual and net management fees to those of comparable funds, the Board noted that such fees include both advisory and administrative costs. The Board noted that net management fees and net total expenses for the fund are higher than the peer group median.

37     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT

The Board took into account management’s discussion of the fund’s expenses, including that the fund’s peer group recently changed and that the fund’s expenses compare more favorably to its new peer group. The Board also took into account management’s discussion with respect to the overall management fee and the fees of the Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fee, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor pays the subadvisory fee, and that such fees are negotiated at arm’s length with respect to the Subadvisor. In addition, the Board took into account that management had agreed to implement an overall fee waiver across the complex, including the fund, which is discussed further below. The Board also noted actions taken over the past several years to reduce the fund’s operating expenses. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to the fund and that the fund has breakpoints in its contractual management fee schedule that reduce management fees as assets increase. The Board reviewed information provided by the Advisor concerning the investment advisory fee charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the John Hancock Fund Complex) having similar investment mandates, if any. The Board considered any differences between the Advisor’s and Subadvisor’s services to the fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fee paid with respect to the fund is reasonable in light of the nature, extent and quality of the services provided to the fund under the Advisory Agreement.

Profitability/Fall out benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates from the Advisor’s relationship with the Trust, the Board:

(a) reviewed financial information of the Advisor;

(b) reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund;

(c) received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund;

(d) received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies;

(e) considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board;

(f) considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement;

(g) noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund;

(h) noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund;

(i) noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length;

(j) considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and

ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     38

(k) considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk.

Based upon its review, the Board concluded that the level of profitability, if any, of the Advisor and its affiliates from their relationship with the fund was reasonable and not excessive.

Economies of scale. In considering the extent to which economies of scale would be realized as the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders, the Board:

(a) considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund;

(b) reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and

(c) the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale.

Approval of Subadvisory Agreement

In making its determination with respect to approval of the Subadvisory Agreement, the Board reviewed:

(1) information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex);

(2) the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds;

(3) the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third-party provider of fund data; and

(4) information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor.

Nature, extent, and quality of services. With respect to the services provided by the Subadvisor, the Board received information provided to the Board by the Subadvisor, including the Subadvisor’s Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor’s current level of staffing and its overall resources, as well as received information relating to the Subadvisor’s compensation program. The Board reviewed the Subadvisor’s history and investment experience, as well as information regarding the qualifications, background, and responsibilities of the Subadvisor’s investment and compliance personnel who provide services to the fund. The Board also considered, among other things, the Subadvisor’s compliance program and any disciplinary history. The Board also considered the Subadvisor’s risk assessment and monitoring process. The Board reviewed the Subadvisor’s regulatory history, including whether it was involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular, periodic reviews of the Subadvisor and its

39     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT

operations, including regarding investment processes and organizational and staffing matters. The Board also noted that the Trust’s CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.

The Board considered the Subadvisor’s investment process and philosophy. The Board took into account that the Subadvisor’s responsibilities include the development and maintenance of an investment program for the fund that is consistent with the fund’s investment objective, the selection of investment securities and the placement of orders for the purchase and sale of such securities, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to the Subadvisor’s brokerage policies and practices, including with respect to best execution and soft dollars.

Subadvisor compensation. In considering the cost of services to be provided by the Subadvisor and the profitability to the Subadvisor of its relationship with the fund, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the fund.

The Board also relied on the ability of the Advisor to negotiate the Subadvisory Agreement with the Subadvisor, which is not affiliated with the Advisor, and the fees thereunder at arm’s length. As a result, the costs of the services to be provided and the profits to be realized by the Subadvisor from its relationship with the Trust were not a material factor in the Board’s consideration of the Subadvisory Agreement.

The Board also received information regarding the nature and scope (including their significance to the Advisor and its affiliates and to the Subadvisor) of any material relationships with respect to the Subadvisor, which include arrangements in which the Subadvisor or its affiliates provide advisory, distribution, or management services in connection with financial products sponsored by the Advisor or its affiliates, and may include other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans. The Board also received information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.

In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor’s relationship with the fund, such as the opportunity to provide advisory services to additional funds in the John Hancock Fund Complex and reputational benefits.

Subadvisory fees. The Board considered that the fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. As noted above, the Board also considered the fund’s subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the fund as included in the report prepared by the independent third-party provider of fund data, to the extent available. The Board noted that the limited size of the Lipper peer group was not sufficient for comparative purposes. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the fund and compared them to fees charged by the Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.

Subadvisor performance. As noted above, the Board considered the fund’s performance as compared to the fund’s peer group and the benchmark index and noted that the Board reviews information about the fund’s performance results at its regularly scheduled meetings. The Board noted the Advisor’s expertise and resources in monitoring the performance, investment style and risk-adjusted performance of the Subadvisor. The Board was mindful of the Advisor’s focus on the Subadvisor’s performance. The Board also noted the Subadvisor’s long-term performance record for similar accounts, as applicable.

The Board’s decision to approve the Subadvisory Agreement was based on a number of determinations, including the following:

(1) the Subadvisor has extensive experience and demonstrated skills as a manager;

ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     40

(2) the performance of the fund has generally been in line with or outperformed the historical performance of the fund’s benchmark index;

(3) the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and

(4) noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows.

*  *  *

Based on the Board’s evaluation of all factors that the Board deemed to be material, including those factors described above, the Board, including the Independent Trustees, concluded that renewal of the Advisory Agreement and the Subadvisory Agreement would be in the best interest of the fund and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement for an additional one-year period.

41     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT

Trustees and Officers

This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the fund and execute policies formulated by the Trustees.

Independent Trustees

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Hassell H. McClellan, Born: 1945	2012		196

Trustee and Chairperson of the Board

Director/Trustee, Virtus Funds (since 2008); Director, The Barnes Group (since 2010); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex.

Charles L. Bardelis,² Born: 1941 2012 196

Trustee

Director, Island Commuter Corp. (marine transport). Trustee, John Hancock Collateral Trust (since 2014), Trustee of various trusts within the John Hancock Fund Complex (since 1988).

James R. Boyle, Born: 1959 2015 196

Trustee

Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).

Peter S. Burgess,² Born: 1942 2012 196

Trustee

Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (since 2004); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005).

William H. Cunningham, Born: 1944 1986 196

Trustee

Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986).

Grace K. Fey, Born: 1946 2012 196

Trustee

Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     42

Independent Trustees (continued)

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Deborah C. Jackson, Born: 1952	2008		196

Trustee

President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Massachusetts Women’s Forum (since 2018); Board of Directors, National Association of Corporate Directors/New England (since 2015); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

James M. Oates,² Born: 1946 2012 196

Trustee

Managing Director, Wydown Group (financial consulting firm) (since 1994); Chairman and Director, Emerson Investment Management, Inc. (2000-2015); Independent Chairman, Hudson Castle Group, Inc. (formerly IBEX Capital Markets, Inc.) (financial services company) (1997–2011); Director, Stifel Financial (since 1996); Director, Investor Financial Services Corporation (1995–2007); Director, Connecticut River Bancorp (1998-2014); Director/Trustee, Virtus Funds (since 1988). Trustee (since 2004) and Chairperson of the Board (2005-2016) of various trusts within the John Hancock Fund Complex.

Steven R. Pruchansky, Born: 1944 1994 196

Trustee and Vice Chairperson of the Board

Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (since 2014); Director and President, Greenscapes of Southwest Florida, Inc. (2000-2014); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex.

Frances G. Rathke,^2,* Born: 1960 2020 196

Trustee

Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020).

43     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT

Independent Trustees (continued)

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Gregory A. Russo, Born: 1949	2009		196
Trustee

Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

Non-Independent Trustees³

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Andrew G. Arnott, Born: 1971	2017		196

President and Non-Independent Trustee

Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Executive Vice President, John Hancock Financial Services (since 2009, including prior positions); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).

Marianne Harrison, Born: 1963 2018 196

Non-Independent Trustee

President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018).

ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     44

Principal officers who are not Trustees

Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Officer of the Trust since
Charles A. Rizzo, Born: 1957	2007

Chief Financial Officer

Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007).

Salvatore Schiavone, Born: 1965 2010

Treasurer

Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions).

Christopher (Kit) Sechler, Born: 1973	2018
Chief Legal Officer and Secretary

Vice President and Deputy Chief Counsel, John Hancock Investments (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investments; Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2018); Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009).

Trevor Swanberg, Born: 1979	2020
Chief Compliance Officer

Chief Compliance Officer, various trusts within the John Hancock Fund Complex, John Hancock Investment Management LLC, and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2018–2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2016–2018); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016).

The business address for all Trustees and Officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023.

The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-5291.

¹  Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table.

²  Member of the Audit Committee.

³  The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

* Appointed as Independent Trustee effective as of September 15, 2020.

45     JOHN HANCOCK DIVERSIFIED MACRO FUND     |     ANNUAL REPORT

More information

Trustees

Hassell H. McClellan, Chairperson

Steven R. Pruchansky, Vice Chairperson

Andrew G. Arnott^†

Charles L. Bardelis^*

James R. Boyle

Peter S. Burgess^*

William H. Cunningham

Grace K. Fey

Marianne Harrison^†

Deborah C. Jackson

James M. Oates^*

Frances G. Rathke^1,*

Gregory A. Russo

Officers

Andrew G. Arnott

President

Charles A. Rizzo

Chief Financial Officer

Salvatore Schiavone

Treasurer

Christopher (Kit) Sechler

Secretary and Chief Legal Officer

Trevor Swanberg²

Chief Compliance Officer

Investment advisor

John Hancock Investment Management LLC

Subadvisor

Graham Capital Management, L.P.

Portfolio Managers

Pablo E. Calderini

Kenneth G. Tropin

Principal distributor

John Hancock Investment Management Distributors LLC

Custodian

Citibank, N.A.

Transfer agent

John Hancock Signature Services, Inc.

Legal counsel

K&L Gates LLP

Independent registered public accounting firm

PricewaterhouseCoopers LLP

* Member of the Audit Committee

^† Non-Independent Trustee

¹  Appointed as Independent Trustee effective as of September 15, 2020

² Effective July 31, 2020

The fund’s proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.

All of the fund’s holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The fund’s Form N-PORT filings are available on our website and the SEC’s website, sec.gov.

We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.

You can also contact us:
800-225-5291	Regular mail:	Express mail:
jhinvestments.com	John Hancock Signature Services, Inc.	John Hancock Signature Services, Inc.
	P.O. Box 219909	430 W 7th Street
	Kansas City, MO 64121-9909	Suite 219909
		Kansas City, MO 64105-1407

ANNUAL REPORT      |     JOHN HANCOCK DIVERSIFIED MACRO FUND     46

Protect yourself by using eDelivery

Signing up for the electronic delivery of your statements and other financial publications is a great way to help protect your privacy. eDelivery provides you with secure, instant access to all of your statements in one convenient location.

BENEFITS OF EDELIVERY

◾	Added security: Password protection helps you safely retrieve documents online
◾	Save time: Receive instant email notification once statements are available
◾	Reduce clutter: View documents online to reduce the amount of paper for filing, shredding, or recycling	jhinvestments.com/login

SIGN UP FOR EDELIVERY TODAY!

Direct shareholders

If you receive statements directly through John Hancock Investment Management and would like to participate in eDelivery, go to jhinvestments.com/login. To log in to your account, click on the “Log in” button on the page’s top right corner. In the “Access your investments account” area, go to the “Individual retirement or mutual fund account” section and select the option that applies to you. Please be aware that you may be required to provide your account number and certain personal account information.

You may revoke your consent at any time by simply visiting jhinvestments.com/login and following the instructions above. You may also revoke consent by calling 800-225-5291 or by writing to us at the following address: John Hancock Signature Services, P.O. Box 219909, Kansas City, MO 64121-9909. We reserve the right to deliver documents to you on paper at any time should the need arise.

Brokerage account shareholders

If you receive statements directly from your bank or broker and would like to participate in eDelivery, go to icsdelivery/live or contact your financial representative.

Not part of the shareholder report

Get your questions answered by using our shareholder resources

ONLINE

◾	Visit jhinvestments.com to access a range of resources for individual investors, from account details and fund information to forms and our latest insight on the markets and economy.
◾	Use our Fund Compare tool to compare thousands of funds and ETFs across dozens of risk and performance metrics—all powered by Morningstar.
◾	Visit our online Tax Center, where you’ll find helpful taxpayer resources all year long, including tax forms, planning guides, and other fund-specific information.
◾	Follow us on Facebook, Twitter, and LinkedIn to get the latest updates on the markets and what’s trending now.

BY PHONE

Call our customer service representatives at 800-225-5291, Monday to Thursday, 8:00 A.M. to 7:00 P.M., and Friday, 8:00 A.M. to 6:00 P.M., Eastern time. We’re here to help!

Not part of the shareholder report

John Hancock family of funds     

DOMESTIC EQUITY FUNDS

Blue Chip Growth

Classic Value

Disciplined Value

Disciplined Value Mid Cap

Equity Income

Financial Industries

Fundamental All Cap Core

Fundamental Large Cap Core

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

GLOBAL AND INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

INCOME FUNDS

Bond

California Tax-Free Income

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Short Duration Bond

Short Duration Credit Opportunities

Strategic Income Opportunities

Tax-Free Bond

ALTERNATIVE AND SPECIALTY FUNDS

Absolute Return Currency

Alternative Asset Allocation

Alternative Risk Premia

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

A fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investment Management at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.

ASSET ALLOCATION

Balanced

Multi-Asset High Income

Multi-Index Lifetime Portfolios

Multi-Index Preservation Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

Retirement Income 2040

EXCHANGE-TRADED FUNDS

John Hancock Multifactor Consumer Discretionary ETF

John Hancock Multifactor Consumer Staples ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Energy ETF

John Hancock Multifactor Financials ETF

John Hancock Multifactor Healthcare ETF

John Hancock Multifactor Industrials ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Materials ETF

John Hancock Multifactor Media and Communications ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Multifactor Technology ETF

John Hancock Multifactor Utilities ETF

ENVIRONMENTAL, SOCIAL, AND GOVERNANCE FUNDS

ESG All Cap Core

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Financial Opportunities

Hedged Equity & Income

Income Securities Trust

Investors Trust

Preferred Income

Preferred Income II

Preferred Income III

Premium Dividend

Tax-Advantaged Dividend Income

Tax-Advantaged Global Shareholder Yield

John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC or Dimensional Fund Advisors LP.

Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.

John Hancock Investment Management

A trusted brand

John Hancock Investment Management is a premier asset manager with a heritage of financial stewardship dating back to 1862. Helping our shareholders pursue their financial goals is at the core of everything we do. It’s why we support the role of professional financial advice and operate with the highest standards of conduct and integrity.

A better way to invest

We serve investors globally through a unique multimanager approach: We search the world to find proven portfolio teams with specialized expertise for every strategy we offer, then we apply robust investment oversight to ensure they continue to meet our uncompromising standards and serve the best interests of our shareholders.

Results for investors

Our unique approach to asset management enables us to provide a diverse set of investments backed by some of the world’s best managers, along with strong risk-adjusted returns across asset classes.

John Hancock Investment Management Distributors LLC ∎ Member FINRA, SIPC

200 Berkeley Street ∎ Boston, MA 02116-5010 ∎ 800-225-5291 ∎ jhinvestments.com

This report is for the information of the shareholders of John Hancock Diversified Macro Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

MF1399314	473A 10/20
	12/2020

Dear shareholders,

Despite heightened fears over the coronavirus (COVID-19), which sent markets tumbling in the first quarter of the calendar year, global financial markets delivered positive returns for the 12 months ended October 31, 2020. The governments of many nations worked to shore up their economies, equity markets began to rise, and credit spreads rebounded off their highs as liquidity concerns eased.

Of course, it would be a mistake to consider this market turnaround a trustworthy signal of assured or swift economic recovery. Economic growth has slowed as the ongoing spread of COVID-19 continues to create uncertainty among businesses and investors. Lockdowns and curfews in certain areas have been reinstated, affecting the level of unemployment and the pace of hiring. Consumer spending also remains far below prepandemic levels.

From an investment perspective, we continue to think that maintaining a focus on long-term objectives while pursuing a risk-aware strategy is a prudent way forward. Above all, we believe the counsel of a trusted financial professional continues to matter now more than ever. Periods of heightened uncertainty are precisely the time to review your financial goals and follow a plan that helps you make the most of what continues to be a challenging situation.

On behalf of everyone at John Hancock Investment Management, I’d like to take this opportunity to welcome new shareholders and thank existing shareholders for the continued trust you’ve placed in us.

Sincerely,

Andrew G. Arnott

President and CEO,

John Hancock Investment Management

Head of Wealth and Asset Management,

United States and Europe

This commentary reflects the CEO’s views as of this report’s period end and are subject to change at any time. Diversification does not guarantee investment returns and does not eliminate risk of loss. All investments entail risks, including the possible loss of principal. For more up-to-date information, you can visit our website at jhinvestments.com.

John Hancock

Alternative Risk Premia Fund

Table of contents
	2	Your fund at a glance
	5	Manager’s discussion of fund performance
	7	A look at performance
	9	Your expenses
	11	Consolidated Fund’s investments
	50	Consolidated financial statements
	53	Consolidated financial highlights
	55	Notes to consolidated financial statements
	67	Report of independent registered public accounting firm
	68	Tax information
	69	Continuation of investment advisory and subadvisory agreements
	75	Trustees and Officers
	79	More information

ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     1

Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks long-term positive absolute returns.

TOTAL RETURNS AS OF 10/31/2020 (%)

Cumulative Since inception

(12-18-19)

The ICE Bank of America 0–3 Month U.S. Treasury Bill Index tracks the performance of U.S. dollar-denominated U.S. Treasury bills publicly issued in the U.S. domestic market with a remaining term to final maturity of less than three months.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Performance of the other share classes will vary based on the difference in the fees and expenses of those classes. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and can be found at jhinvestments.com or by calling 800-225-5291. For further information on the fund’s objectives, risks, and strategy, see the fund’s prospectus.

2     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT

PERFORMANCE HIGHLIGHTS OVER THE PERIOD

The financial markets experienced elevated volatility in the abbreviated reporting period

The emergence of COVID-19 sparked a large, broad-based sell-off across the spectrum of higher-risk assets in the first calendar quarter of 2020.

The fund underperformed its cash benchmark, the ICE Bank of America 03 Month U.S. Treasury Bill Index, by a wide margin

The portfolio’s positioning in the equity value factor strategy, together with its carry (or higher yields) strategies in equities, fixed income, and currencies, was the primary driver of the shortfall.

The bulk of the fund’s underperformance occurred in the first half of 2020

The fund wasn’t positioned to capture either the sell-off of February and March 2020 or the subsequent recovery.

PORTFOLIO COMPOSITION AS OF 10/31/2020 (% of net assets)

ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     3

SECTOR COMPOSITION AS OF 10/31/2020 (% of net assets)

A note about risks

The fund may be subject to various risks as described in the fund’s prospectus. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance. For example, the novel coronavirus disease (COVID-19) has resulted in significant disruptions to global business activity. The impact of a health crisis and other epidemics and pandemics that may arise in the future, could affect the global economy in ways that cannot necessarily be foreseen at the present time. A health crisis may exacerbate other pre-existing political, social, and economic risks. Any such impact could adversely affect the fund’s performance, resulting in losses to your investment. For more information, please refer to the “Principal risks” section of the prospectus.

4     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT

Manager’s discussion of fund performance

What was the nature of market conditions from the fund’s inception on December 18, 2019, through October 31, 2020?

Financial assets delivered mixed results in this timeframe, with solid gains for growth stocks and higher-quality bonds, but weaker performance for higher-risk debt, value style, and the U.S. dollar. The primary driver of returns was, of course, the emergence of COVID-19 in the first quarter of 2020. The pandemic, together with governments’ efforts to contain the virus by shutting down large segments of their economies, led to a sharp sell-off in riskier assets in February and March 2020. Conversely, safe havens—such as U.S. Treasuries and the U.S. dollar—rallied. These performance trends reversed in dramatic fashion in the second calendar quarter, with higher-risk categories recovering sharply and the U.S. dollar declining, but with Treasuries holding on to most of their prior gains. Market conditions subsequently calmed in the summer and autumn, as concerns about the U.S. elections and resurgent COVID-19 cases were largely offset by an improving growth outlook and continued support from world central banks.

Why did the fund underperform?

The first quarter of 2020 was a very unusual time—higher-risk investments experienced nearly perfect correlations in the falling market, and the subsequent quarter was equally unique in terms of the strength and breadth of the ensuing rebound. While we strive to manage an all-weather portfolio, there will also be

TOP 10 HOLDINGS		TOP 10 COUNTRIES
AS OF 10/31/2020 (% of net assets)		AS OF 10/31/2020 (% of net assets)
Magellan Financial Group, Ltd.	0.3	United States	6.5
Steel Dynamics, Inc.	0.2	Japan	2.2
Kinnevik AB, B Shares	0.2	Canada	1.2
Host Hotels & Resorts, Inc.	0.2	Australia	1.1
Ralph Lauren Corp.	0.2	United Kingdom	0.9
A. O. Smith Corp.	0.2	Sweden	0.8
Nexon Company, Ltd.	0.2	Ireland	0.3
Magna International, Inc.	0.2	Israel	0.1
Waters Corp.	0.2	Norway	0.1
AerCap Holdings NV	0.2	Denmark	0.1
TOTAL	2.1	TOTAL	13.3
Cash and cash equivalents are not included.		Cash and cash equivalents are not included.

ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     5

times in which our strategy is out of step with the markets, and that was clearly the case in the first half of 2020. What specific elements of the fund’s positioning helped and hurt absolute performance? The fund invests in equities by balancing five factors: value, momentum, quality, size,

MANAGED BY                                                  Jérôme Teiletche, Ph.D. Olivier Blin Joan Lee, CFA

and low volatility. The value factor underperformed in the first calendar quarter and was a modest detractor thereafter. Value stocks, in general, lagged growth by a wide margin throughout the period as investors gravitated to companies seen as being in the best position to deliver sustained earnings amid slow economic conditions. The quality and low-volatility factors also played a role in the fund’s underperformance, primarily in the market rally that occurred from April onward; on the positive side, the momentum and size factors contributed.

The second-quarter recovery occurred too quickly to be captured by our trend-following models, which were positioned very defensively in the wake of the March sell-off. The alternative income strategy, which incorporates seven substrategies, was an additional detractor. Here, we strive to maintain a net neutral overall exposure and capture relative performance across the financial markets. We emphasize carry, or higher yields, in bonds, equities, and currencies. This approach can translate to above-average risk exposure, which was a sizable headwind in the first quarter. The fund’s risk control overlay, which systematically takes hedge positions when portfolio beta (risk exposure) in equities and bonds moves outside set limits, added to performance during times of market weakness in the first quarter.

The views expressed in this report are exclusively those of Jérôme Teiletche, Ph.D., Unigestion, and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the fund for the entire period. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future.

6     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT

A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2020

	Cumulative total returns (%)
		with maximum sales charge
		Since inception (12-18-19)
Class R61		-16.77
Class NAV1		-16.67
Index†		0.59

Performance figures assume all distributions have been reinvested. Sales charges are not applicable to Class R6 and Class NAV shares.

The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the fund and may differ from those disclosed in the Consolidated financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until July 31, 2022 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:

	Class R6	Class NAV
Gross (%)	1.27	1.26
Net (%)	1.26	1.25

Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.

The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the fund’s website at jhinvestments.com.

The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The fund’s performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.

^†  Index is the ICE Bank of America 0-3 Month US Treasury Bill Index.

See the following page for footnotes.

ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     7

This chart and table show what happened to a hypothetical $10,000 investment in John Hancock Alternative Risk Premia Fund for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we’ve shown the same investment in the ICE Bank of America 0-3 Month U.S. Treasury Bill Index.

	Start date		With maximum sales charge ($)		Without sales charge ($)		Index ($)
Class NAV1		12-18-19		8,333		8,333		10,059

The ICE Bank of America 0–3 Month U.S. Treasury Bill Index tracks the performance of U.S. dollar-denominated U.S. Treasury bills publicly issued in the U.S. domestic market with a remaining term to final maturity of less than three months.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

Footnotes related to performance pages

¹ For certain types of investors, as described in the fund’s prospectuses.

8     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT

Your expenses

These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds.

Understanding fund expenses

As a shareholder of the fund, you incur two types of costs:

∎ Transaction costs, which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc.

∎ Ongoing operating expenses, including management fees, distribution and service fees (if applicable), and other fund expenses.

We are presenting only your ongoing operating expenses here.

Actual expenses/actual returns

The first line of each share class in the table on the following page is intended to provide information about the fund’s actual ongoing operating expenses, and is based on the fund’s actual return. It assumes an account value of $1,000.00 on May 1, 2020, with the same investment held until October 31, 2020.

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at October 31, 2020, by $1,000.00, then multiply it by the “expenses paid” for your share class from the table. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

Hypothetical example for comparison purposes

The second line of each share class in the table on the following page allows you to compare the fund’s ongoing operating expenses with those of any other fund. It provides an example of the fund’s hypothetical account values and hypothetical expenses based on each class’s actual expense ratio and an assumed 5% annualized return before expenses (which is not the class’s actual return). It assumes an account value of $1,000.00 on May 1, 2020, with the same

ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     9

investment held until October 31, 2020. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

Remember, these examples do not include any transaction costs, therefore, these examples will not help you to determine the relative total costs of owning different funds. If transaction costs were included, your expenses would have been higher. See the prospectuses for details regarding transaction costs.

		Account value on 5-1-2020		Ending value on 10-31-2020		Expenses paid during period ended 10-31-20201		Annualized expense ratio
Class R6	Actual expenses/actual returns	$	1,000.00	$	967.40	$	7.37		1.49	%
	Hypothetical example		1,000.00		1,017.60		7.56		1.49	%
Class NAV	Actual expenses/actual returns		1,000.00		968.60		7.32		1.48	%
	Hypothetical example		1,000.00		1,017.70		7.51		1.48	%

1 Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period).

10     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT

Consolidated Fund’s investments

AS OF 10-31-20
	Shares		Value
Common stocks 13.5%				$16,799,981
(Cost $15,310,019)
Australia 1.1%				1,399,597
Ampol, Ltd.		4,268		77,823
Brambles, Ltd.		23,892		161,135
CSL, Ltd.		684		138,481
Fortescue Metals Group, Ltd.		13,977		170,987
Goodman Group		12,172		157,544
Magellan Financial Group, Ltd.		8,422		326,424
Medibank Pvt., Ltd.		101,992		191,456
Qantas Airways, Ltd. (A)		33,551		98,705
Woolworths Group, Ltd.		2,864		77,042
Canada 1.2%				1,526,696
B2Gold Corp.		7,875		50,656
Canadian Pacific Railway, Ltd.		144		43,032
Canadian Tire Corp., Ltd., Class A		703		78,505
Canopy Growth Corp. (A)		2,343		44,018
CI Financial Corp.		6,555		76,409
Franco-Nevada Corp.		691		94,182
Great-West Lifeco, Inc.		3,495		71,222
Imperial Oil, Ltd.		8,869		117,960
Intact Financial Corp.		445		45,966
Keyera Corp.		8,895		126,251
Lululemon Athletica, Inc. (A)		254		81,100
Lundin Mining Corp.		28,898		174,607
Magna International, Inc.		4,033		205,933
Metro, Inc.		1,678		78,276
Ritchie Bros Auctioneers, Inc.		909		55,101
Shopify, Inc., Class A (A)		48		44,251
SmartCentres Real Estate Investment Trust		4,701		74,310
Thomson Reuters Corp.		835		64,917
Chile 0.1%				95,100
Antofagasta PLC		7,132		95,100
China 0.0%				64,585
Yangzijiang Shipbuilding Holdings, Ltd.		95,930		64,585
Denmark 0.1%				122,326
Pandora A/S		1,542		122,326
Ireland 0.3%				331,772
AerCap Holdings NV (A)		8,154		202,464
Allegion PLC		514		50,629

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     11

	Shares		Value
Ireland (continued)
Jazz Pharmaceuticals PLC (A)		546		$78,679
Israel 0.1%				147,287
Check Point Software Technologies, Ltd. (A)		1,297		147,287
Japan 2.2%				2,779,065
Alps Alpine Company, Ltd.		90		1,298
Amada Company, Ltd.		6,266		54,537
Bridgestone Corp.		5,970		194,592
Calbee, Inc.		2,305		70,710
Daicel Corp.		7,170		51,170
Hirose Electric Company, Ltd.		627		87,519
Hisamitsu Pharmaceutical Company, Inc.		1,234		59,027
Hoya Corp.		1,522		171,768
Japan Prime Realty Investment Corp.		20		54,051
JGC Holdings Corp.		16,680		137,149
Kajima Corp.		8,418		89,950
Kose Corp.		1,055		134,487
Kurita Water Industries, Ltd.		2,287		68,047
Maruichi Steel Tube, Ltd.		2,596		59,556
MonotaRO Company, Ltd.		1,537		85,014
Nexon Company, Ltd.		7,415		206,663
Nikon Corp.		22,416		136,611
Nissan Chemical Corp.		1,245		66,073
Nomura Research Institute, Ltd.		5,727		168,818
NTT DOCOMO, Inc.		3,422		127,419
ORIX Corp.		12,019		140,565
Park24 Company, Ltd. (A)		5,544		74,888
Sega Sammy Holdings, Inc.		5,526		69,250
Shimamura Company, Ltd.		1,081		115,246
Shimano, Inc.		472		107,954
SMC Corp.		354		188,295
Taisei Corp.		1,877		58,408
Norway 0.1%				134,939
Orkla ASA		6,367		60,103
Schibsted ASA, B Shares (A)		2,074		74,836
Singapore 0.1%				107,620
Mapletree Commercial Trust		38,486		48,526
Venture Corp., Ltd.		4,192		59,094
Sweden 0.8%				946,059
Atlas Copco AB, A Shares		2,359		104,129
Boliden AB		4,207		114,721
Epiroc AB, B Shares		7,223		103,402
Husqvarna AB, B Shares		8,965		92,444

12     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

	Shares		Value
Sweden (continued)
Industrivarden AB, C Shares (A)		4,052		$103,464
Investor AB, B Shares		3,046		182,574
Kinnevik AB, B Shares		5,991		245,325
United Kingdom 0.9%				1,110,291
Ashtead Group PLC		3,474		125,542
Auto Trader Group PLC (B)		23,363		175,654
Berkeley Group Holdings PLC		2,446		128,607
BT Group PLC		55,520		72,918
Burberry Group PLC		2,529		44,417
Direct Line Insurance Group PLC		19,856		67,856
Hargreaves Lansdown PLC		4,340		76,194
Liberty Global PLC, Series C (A)		7,873		146,910
Persimmon PLC		3,313		100,306
Standard Life Aberdeen PLC		17,798		51,860
The British Land Company PLC		13,782		62,239
Wm Morrison Supermarkets PLC		27,376		57,788
United States 6.5%				8,034,644
A. O. Smith Corp.		4,072		210,482
ABIOMED, Inc. (A)		411		103,523
Alleghany Corp.		118		64,538
American Express Company		1,136		103,649
AmerisourceBergen Corp.		990		95,109
Amgen, Inc.		561		121,703
Arrow Electronics, Inc. (A)		1,399		108,968
Axalta Coating Systems, Ltd. (A)		2,601		65,311
Best Buy Company, Inc.		663		73,958
Biogen, Inc. (A)		726		183,003
Booking Holdings, Inc. (A)		81		131,423
Cabot Oil & Gas Corp.		3,445		61,287
Camden Property Trust		669		61,709
Cardinal Health, Inc.		2,887		132,196
CBRE Group, Inc., Class A (A)		2,007		101,153
Celanese Corp.		875		99,321
CenturyLink, Inc.		10,650		91,803
Cerner Corp.		1,766		123,779
Citrix Systems, Inc.		1,291		146,227
Cognizant Technology Solutions Corp., Class A		1,083		77,348
Colgate-Palmolive Company		1,568		123,700
ConocoPhillips		4,010		114,766
Discover Financial Services		1,661		107,982
Dollar General Corp.		341		71,170
Dropbox, Inc., Class A (A)		4,124		75,304
eBay, Inc.		1,921		91,497

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     13

	Shares		Value
United States (continued)
Equitable Holdings, Inc.		4,700		$101,003
Erie Indemnity Company, Class A		358		83,367
Exelon Corp.		595		23,735
F5 Networks, Inc. (A)		434		57,696
Fidelity National Financial, Inc.		2,175		68,056
FLIR Systems, Inc.		1,159		40,206
Globe Life, Inc.		623		50,519
HEICO Corp.		858		90,133
HollyFrontier Corp.		7,684		142,231
Hologic, Inc. (A)		1,437		98,894
Host Hotels & Resorts, Inc.		21,337		223,612
Ingredion, Inc.		1,042		73,867
Intel Corp.		2,111		93,475
IPG Photonics Corp. (A)		409		76,058
Juniper Networks, Inc.		4,841		95,465
Kansas City Southern		510		89,831
KLA Corp.		506		99,773
Lamb Weston Holdings, Inc.		825		52,346
LyondellBasell Industries NV, Class A		2,883		197,341
MarketAxess Holdings, Inc.		124		66,817
Masco Corp.		1,789		95,890
McKesson Corp.		758		111,797
Monster Beverage Corp. (A)		1,709		130,858
Mylan NV (A)		5,928		86,193
National Retail Properties, Inc.		2,506		80,217
NetApp, Inc.		2,026		88,921
Neurocrine Biosciences, Inc. (A)		1,272		125,508
NextEra Energy, Inc.		832		60,911
Omega Healthcare Investors, Inc.		3,427		98,732
Phillips 66		1,395		65,091
Public Storage		628		143,856
Qorvo, Inc. (A)		451		57,439
QUALCOMM, Inc.		1,095		135,079
Ralph Lauren Corp.		3,196		213,653
Robert Half International, Inc.		1,565		79,330
Seagate Technology PLC		1,627		77,803
SEI Investments Company		3,896		191,488
Sirius XM Holdings, Inc.		27,385		156,916
Snap-on, Inc.		307		48,362
Starbucks Corp.		1,668		145,049
Steel Dynamics, Inc.		8,493		267,360
Synchrony Financial		4,506		112,740
Take-Two Interactive Software, Inc. (A)		627		97,135
The Allstate Corp.		1,509		133,924

14     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

				Shares		Value
United States (continued)
The Kroger Company					1,579		$50,860
The Procter & Gamble Company					277		37,977
Ulta Beauty, Inc. (A)					460		95,114
Union Pacific Corp.					205		36,324
United Rentals, Inc. (A)					719		128,191
Vornado Realty Trust					1,570		48,246
Walgreens Boots Alliance, Inc.					1,920		65,357
Waters Corp. (A)					911		202,989
Preferred securities 0.1%							$87,552
(Cost $66,355)
Germany 0.1%							87,552
FUCHS PETROLUB SE					1,701		87,552
	Yield	* (%)	Maturity date		Par value^		Value
Short-term investments 12.1%							$14,992,868
(Cost $14,993,406)
U.S. Government 12.1%							14,992,868
U.S. Treasury Bill	0.092		03-25-21		5,000,000		4,997,915
U.S. Treasury Bill	0.100		04-22-21		10,000,000		9,994,953
Total investments (Cost $30,369,780) 25.7%							$31,880,401
Other assets and liabilities, net 74.3%							92,348,041
Total net assets 100.0%							$124,228,442

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

^All par values are denominated in U.S. dollars unless otherwise indicated.

Security Abbreviations and Legend

(A)	Non-income producing security.
(B)	These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.

* Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end.

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     15

DERIVATIVES

FUTURES

Open contracts	Number of contracts		Position		Expiration date		Notional basis^			Notional value^			Unrealized appreciation (depreciation)
10-Year U.S. Treasury Note Futures		132		Long		Dec 2020		$18,385,000			$18,232,500			$(152,500	)
ASX SPI 200 Index Futures		29		Long		Dec 2020		3,023,941			3,028,053			4,112
Australian 10-Year Bond Futures		329		Long		Dec 2020		34,442,597			34,519,627			77,030
Canadian 10-Year Bond Futures		13		Long		Dec 2020		1,480,846			1,471,928			(8,918	)
Canadian Dollar Futures		125		Long		Dec 2020		9,467,437			9,384,375			(83,062	)
Euro Currency Futures		68		Long		Dec 2020		10,021,912			9,908,450			(113,462	)
Euro-BTP Italian Government Bond Futures		51		Long		Dec 2020		8,726,549			8,875,686			149,137
Euro-Buxl 30-Year Bond Futures		9		Long		Dec 2020		2,332,780			2,394,046			61,266
Euro-OAT Futures		88		Long		Dec 2020		17,280,660			17,436,428			155,768
FTSE 100 Index Futures		23		Long		Dec 2020		1,777,626			1,657,585			(120,041	)
Hang Seng Index Futures		1		Long		Nov 2020		159,803			156,522			(3,281	)
Japanese Yen Futures		3		Long		Dec 2020		355,767			358,350			2,583
Mini MSCI Emerging Markets Index Futures		58		Long		Dec 2020		3,207,214			3,196,090			(11,124	)
NASDAQ 100 Index E-Mini Futures		9		Long		Dec 2020		2,032,393			1,989,945			(42,448	)
New Zealand Dollar Futures		158		Long		Dec 2020		10,511,736			10,445,380			(66,356	)
Pound Sterling Futures		78		Long		Dec 2020		6,312,708			6,316,538			3,830
Russell 2000 Index Mini Futures		34		Long		Dec 2020		2,602,830			2,613,920			11,090
S&P 500 E-Mini Index Futures		21		Long		Dec 2020		3,559,443			3,428,513			(130,930	)
S&P TSX 60 Index Futures		34		Long		Dec 2020		4,907,960			4,726,773			(181,187	)
Tokyo Price Index Futures		2		Long		Dec 2020		305,946			304,599			(1,347	)
10-Year Japan Government Bond Futures		6		Short		Dec 2020		(8,716,825	)		(8,698,410	)		18,415
30-Year U.S. Treasury Bond Futures		2		Short		Dec 2020		(348,184	)		(344,063	)		4,121
Amsterdam Exchanges Index Futures		35		Short		Nov 2020		(4,573,325	)		(4,344,887	)		228,438
Australian Dollar Futures		90		Short		Dec 2020		(6,408,970	)		(6,327,000	)		81,970
CAC40 Index Futures		16		Short		Nov 2020		(920,982	)		(857,552	)		63,430
Euro STOXX 50 Index Futures		159		Short		Dec 2020		(5,993,611	)		(5,479,438	)		514,173
Euro-Bund Futures		159		Short		Dec 2020		(32,402,617	)		(32,615,527	)		(212,910	)
FTSE MIB Index Futures		45		Short		Dec 2020		(5,035,827	)		(4,691,922	)		343,905
FTSE/JSE Top 40 Index Futures		55		Short		Dec 2020		(1,640,690	)		(1,608,050	)		32,640
Hang Seng China Enterprises Index Futures		2		Short		Nov 2020		(127,686	)		(126,698	)		988
IBEX 35 Index Futures		43		Short		Nov 2020		(3,399,276	)		(3,229,407	)		169,869
Long Gilt Futures		28		Short		Dec 2020		(4,929,572	)		(4,918,046	)		11,526
Swiss Franc Futures		112		Short		Dec 2020		(15,349,275	)		(15,285,200	)		64,075
														$870,800

^ Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

16     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FORWARD FOREIGN CURRENCY CONTRACTS

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation		Unrealized depreciation
AUD	496,675	USD	349,925	BNP	12/15/2020		—		$(731	)
AUD	86,085	USD	60,400	JPM	12/15/2020		$123		—
BRL	7,400,000	USD	1,319,766	BNP	12/17/2020		—		(32,438	)
CAD	43,120	USD	32,861	JPM	12/15/2020		—		(489	)
CAD	406,719	USD	303,761	UBS	12/15/2020		1,578		—
CHF	1,155	USD	1,245	JPM	12/15/2020		15		—
CNY	15,152,000	USD	2,202,037	BNP	12/17/2020		53,342		—
CNY	12,700,000	USD	1,884,880	UBS	12/17/2020		5,518		—
DKK	332,265	USD	52,059	JPM	12/15/2020		—		(22	)
EUR	14,943	USD	17,433	BNP	12/15/2020		—		(11	)
EUR	60,532	USD	70,437	JPM	12/15/2020		133		—
GBP	103,267	USD	134,987	JPM	12/15/2020		—		(1,161	)
GBP	224,218	USD	286,357	UBS	12/15/2020		4,211		—
INR	913,095,000	USD	12,253,069	BNP	12/17/2020		—		(55,533	)
INR	175,100,000	USD	2,359,250	UBS	12/17/2020		—		(20,185	)
JPY	117,584,146	USD	1,116,453	BNP	12/15/2020		7,328		—
KRW	482,000,000	USD	422,940	BNP	12/17/2020		994		—
MXN	89,894,000	USD	4,101,504	BNP	12/17/2020		115,406		—
MXN	19,300,000	USD	907,265	JPM	12/17/2020		—		(1,906	)
NOK	323,667	USD	33,883	BNP	12/15/2020		15		—
NOK	1,067,187	USD	118,826	UBS	12/15/2020		—		(7,057	)
NOK	29,000,000	USD	3,137,079	JPM	12/17/2020		—		(99,849	)
NOK	15,100,000	USD	1,606,437	UBS	12/17/2020		—		(24,982	)
NZD	38,793	USD	25,851	UBS	12/15/2020		—		(200	)
PLN	1,700,000	USD	452,353	BNP	12/17/2020		—		(22,861	)
PLN	2,700,000	USD	695,584	JPM	12/17/2020		—		(13,450	)
PLN	1,500,000	USD	390,735	UBS	12/17/2020		—		(11,772	)
RUB	96,640,000	USD	1,251,169	BNP	12/17/2020		—		(40,991	)
RUB	72,800,000	USD	932,045	UBS	12/17/2020		—		(20,404	)
SEK	2,739,141	USD	301,970	JPM	12/15/2020		6,025		—
SEK	13,494	USD	1,480	UBS	12/15/2020		38		—
SEK	15,000,000	USD	1,699,493	JPM	12/17/2020		—		(12,798	)
SEK	8,500,000	USD	955,987	UBS	12/17/2020		—		(193	)
SGD	5,100,000	USD	3,754,624	UBS	12/17/2020		—		(20,904	)
TWD	113,300,000	USD	3,937,447	UBS	12/17/2020		70,267		—
USD	50,744	AUD	71,016	JPM	12/15/2020		815		—
USD	3,104,482	AUD	4,275,445	UBS	12/15/2020		98,571		—
USD	2,959,264	BRL	16,484,000	BNP	12/17/2020		91,655		—
USD	743,834	BRL	4,100,000	UBS	12/17/2020		30,585		—
USD	2,956	CAD	3,964	BNP	12/15/2020		—		(19	)
USD	2,409,525	CAD	3,166,175	UBS	12/15/2020		32,555		—
USD	476,349	CHF	436,191	UBS	12/15/2020		25		—

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     17

FORWARD FOREIGN CURRENCY CONTRACTS (continued)

Contract to buy		Contract to sell		Counterparty (OTC)	Contractual settlement date	Unrealized appreciation		Unrealized depreciation
USD	559,094	CNY	3,800,000	JPM	12/17/2020		—		$(6,537	)
USD	250,473	CNY	1,700,000	UBS	12/17/2020		—		(2,572	)
USD	268,215	DKK	1,686,595	BNP	12/15/2020		$4,076		—
USD	2,555,167	EUR	2,158,851	UBS	12/15/2020		38,284		—
USD	45,978	GBP	36,208	JPM	12/15/2020		—		(945	)
USD	1,438,460	GBP	1,098,851	UBS	12/15/2020		14,436		—
USD	5,996,161	INR	442,600,000	BNP	12/17/2020		83,710		—
USD	5,823	JPY	609,623	JPM	12/15/2020		—		(3	)
USD	4,474,440	JPY	474,951,724	UBS	12/15/2020		—		(64,793	)
USD	1,396,295	KRW	1,647,913,000	UBS	12/17/2020		—		(53,097	)
USD	1,101,186	MXN	23,400,000	JPM	12/17/2020		3,497		—
USD	841,852	MXN	19,000,000	UBS	12/17/2020		—		(49,434	)
USD	14,736	NOK	138,337	JPM	12/15/2020		248		—
USD	5,323,670	NOK	48,582,000	UBS	12/17/2020		235,577		—
USD	3,014	NZD	4,612	UBS	12/15/2020		—		(35	)
USD	4,461,540	PLN	17,154,000	UBS	12/17/2020		127,716		—
USD	252,662	RUB	19,700,000	UBS	12/17/2020		5,968		—
USD	1,391,132	SEK	12,213,849	UBS	12/15/2020		17,783		—
USD	829,919	SEK	7,300,000	JPM	12/17/2020		9,061		—
USD	6,857,644	SEK	60,251,000	UBS	12/17/2020		82,641		—
USD	2,264,933	SGD	3,101,000	BNP	12/17/2020		—		(5,315	)
USD	1,752,517	SGD	2,400,000	UBS	12/17/2020		—		(4,528	)
USD	2,892,444	TWD	83,661,000	BNP	12/17/2020		—		(66,862	)
USD	995,459	ZAR	16,500,000	JPM	12/17/2020		—		(13,120	)
USD	643,104	ZAR	10,700,000	UBS	12/17/2020		—		(10,944	)
ZAR	75,536,000	USD	4,439,860	BNP	12/17/2020		177,351		—
ZAR	6,500,000	USD	379,455	UBS	12/17/2020		17,864		—
							$1,337,411		$(666,141	)

SWAPS

Credit default swaps - Buyer

Counterparty (OTC)/ Centrally cleared	Reference obligation	Notional amount		Currency	USD notional amount		Pay fixed rate	Fixed payment frequency	Maturity date	Unamortized upfront payment paid (received)			Unrealized appreciation (depreciation)			Value
JPM	CDX.EM.33		760,000	USD	$	760,000	1.000%	Quarterly	Jun 2025	$	76,883		$	(54,324	)	$	22,559
JPM	CDX.NA.IG.34		1,400,000	USD		1,400,000	1.000%	Quarterly	Jun 2025		6,791			(14,421	)		(7,630	)
JPM	CDX.NA.IG.34		3,600,000	USD		3,600,000	1.000%	Quarterly	Jun 2025		(35,907	)		16,287			(19,620	)
JPM	CDX.NA.IG.34		5,900,000	USD		5,900,000	1.000%	Quarterly	Jun 2025		(52,645	)		20,490			(32,155	)
JPM	iTraxx Europe Series 33 Version 1		1,400,000	EUR		1,526,634	1.000%	Quarterly	Jun 2025		(2,239	)		(23,565	)		(25,804	)

18     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Credit default swaps - Buyer (continued)

														Unamortized
Counterparty														upfront
(OTC)/						USD		Pay		Fixed				payment			Unrealized
Centrally	Reference	Notional				notional		fixed		payment		Maturity		paid			appreciation
cleared	obligation	amount		Currency		amount		rate		frequency		date		(received)			(depreciation)			Value
JPM	iTraxx Europe Series 33 Version 1		4,300,000		EUR		$5,036,131		1.000%		Quarterly		Jun 2025		$(90,920	)		$11,665			$(79,255	)
JPM	iTraxx Europe Series 33 Version 1		7,200,000		EUR		8,514,362		1.000%		Quarterly		Jun 2025		(168,272	)		35,566			(132,706	)
JPM	CDX.NA.HY.35		1,000,000		USD		1,000,000		5.000%		Quarterly		Dec 2025		(34,180	)		(6,764	)		(40,944	)
JPM	CDX.NA.IG.35		4,100,000		USD		4,100,000		1.000%		Quarterly		Dec 2025		(71,198	)		(4,042	)		(75,240	)
JPM	iTraxx Europe Series 34 Version 1		2,400,000		EUR		2,834,166		1.000%		Quarterly		Dec 2025		(59,511	)		6,770			(52,741	)
JPM	iTraxx Europe Series 34 Version 1		4,800,000		EUR		5,603,745		1.000%		Quarterly		Dec 2025		(99,415	)		(6,068	)		(105,483	)
							$40,275,038								$(530,613	)		$(18,406	)		$(549,019	)

Credit default swaps - Seller

Counterparty (OTC)/ Centrally cleared	Reference obligation	Implied credit spread		Notional amount		Currency		USD notional amount		Received fixed rate		Fixed payment frequency		Maturity date		Unamortized upfront payment paid (received)			Unrealized appreciation (depreciation)			Value
JPM	CDX.EM.33		1.876%		722,000		USD		$722,000		1.000%		Quarterly		Jun 2025		$(23,207	)		$1,776			$(21,431	)
JPM	CDX.EM.33		1.876%		38,000		USD		38,000		1.000%		Quarterly		Jun 2025		(1,175	)		47			(1,128	)
JPM	CDX.NA.IG.34		0.851%		1,100,000		USD		1,100,000		1.000%		Quarterly		Jun 2025		6,034			(39	)		5,995
JPM	CDX.NA.IG.34		0.851%		1,100,000		USD		1,100,000		1.000%		Quarterly		Jun 2025		9,470			(3,475	)		5,995
JPM	CDX.NA.IG.34		0.851%		300,000		USD		300,000		1.000%		Quarterly		Jun 2025		2,583			(948	)		1,635
JPM	CDX.NA.IG.34		0.851%		1,800,000		USD		1,800,000		1.000%		Quarterly		Jun 2025		25,116			(15,306	)		9,810
JPM	CDX.NA.IG.34		0.851%		2,900,000		USD		2,900,000		1.000%		Quarterly		Jun 2025		45,350			(29,545	)		15,805
JPM	CDX.NA.IG.34		0.851%		3,700,000		USD		3,700,000		1.000%		Quarterly		Jun 2025		53,713			(33,548	)		20,165
JPM	iTraxx Europe Series 33 Version 1		0.628%		1,400,000		EUR		1,554,071		1.000%		Quarterly		Jun 2025		19,723			6,081			25,804
JPM	iTraxx Europe Series 33 Version 1		0.628%		1,300,000		EUR		1,443,066		1.000%		Quarterly		Jun 2025		18,314			5,647			23,961
JPM	iTraxx Europe Series 33 Version 1		0.628%		1,900,000		EUR		2,189,470		1.000%		Quarterly		Jun 2025		42,976			(7,956	)		35,020
JPM	iTraxx Europe Series 33 Version 1		0.628%		3,400,000		EUR		4,014,879		1.000%		Quarterly		Jun 2025		87,312			(24,645	)		62,667
JPM	iTraxx Europe Series 33 Version 1		0.628%		4,900,000		EUR		5,804,518		1.000%		Quarterly		Jun 2025		125,393			(35,079	)		90,314
JPM	CDX.EM.34		2.171%		1,100,000		USD		1,100,000		1.000%		Quarterly		Dec 2025		(54,923	)		(5,697	)		(60,620	)
JPM	CDX.NA.HY.35		4.226%		1,000,000		USD		1,000,000		5.000%		Quarterly		Dec 2025		58,525			(17,581	)		40,944
JPM	iTraxx Europe Series 34 Version 1		0.651%		7,200,000		EUR		8,514,362		1.000%		Quarterly		Dec 2025		199,194			(40,995	)		158,199
									$37,280,366								$614,398			$(201,263	)		$413,135

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     19

Total return swaps

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

ABB, Ltd.

1-Month CHF LIBOR - 0.30%

Monthly

CHF

47,780

Feb 2021

BNP

—

$4,133

$4,133

Pay

Abbott Laboratories

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

43,572

Feb 2021

BNP

—

856

856

Pay

Air Liquide SA

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

21,284

Feb 2021

BNP

—

1,212

1,212

Pay

Amcor PLC

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

108,586

Feb 2021

BNP

—

9,837

9,837

Pay

American Water Works Company, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

113,622

Feb 2021

BNP

—

3,891

3,891

Pay

Anheuser-Busch InBev SA/NV

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

206,231

Feb 2021

BNP

—

11,282

11,282

Pay

Apollo Global Management, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

36,713

Feb 2021

BNP

—

5,269

5,269

Pay

Aroundtown SA

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

71,315

Feb 2021

BNP

—

7,440

7,440

Pay

ASML Holding NV

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

64,504

Feb 2021

BNP

—

3,874

3,874

Pay

Avalara, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

123,515

Feb 2021

BNP

—

7,097

7,097

Pay

Banco Bilbao Vizcaya Argentaria SA

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

46,205

Feb 2021

BNP

—

(4,909

)

(4,909

)

Pay

Bayerische Motoren Werke AG

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

56,948

Feb 2021

BNP

—

3,698

3,698

Pay

Beiersdorf AG

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

43,787

Feb 2021

BNP

—

4,489

4,489

Pay

Carrefour SA

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

67,348

Feb 2021

BNP

—

3,689

3,689

Pay

Catalent, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

184,031

Feb 2021

BNP

—

8,828

8,828

20     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Cellnex Telecom SA

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

118,557

Feb 2021

BNP

—

$(7,443

)

$(7,443

)

Pay

Chevron Corp.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

63,513

Feb 2021

BNP

—

3,405

3,405

Pay

Chr. Hansen Holding A/S

1-Month DKK CIBOR - 0.30%

Monthly

DKK

441,214

Feb 2021

BNP

—

619

619

Pay

Coca-Cola Company

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

72,386

Feb 2021

BNP

—

2,726

2,726

Pay

Coca-Cola European Partners PLC

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

47,037

Feb 2021

BNP

—

3,359

3,359

Pay

Compass Group PLC

1-Month GBP LIBOR - 0.30%

Monthly

GBP

84,947

Feb 2021

BNP

—

10,973

10,973

Pay

Continental AG

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

42,906

Feb 2021

BNP

—

3,388

3,388

Pay

Coupa Software, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

110,160

Feb 2021

BNP

—

13,779

13,779

Pay

Crown Holdings, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

134,229

Feb 2021

BNP

—

(5,465

)

(5,465

)

Pay

Daimler AG

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

150,247

Feb 2021

BNP

—

9,031

9,031

Pay

Danone SA

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

53,930

Feb 2021

BNP

—

8,851

8,851

Pay

Davide Campari-Milano NV

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

45,367

Feb 2021

BNP

—

2,339

2,339

Pay

Delivery Hero SE

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

202,599

Feb 2021

BNP

—

5,893

5,893

Pay

Delta Air Lines, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

153,127

Feb 2021

BNP

—

3,408

3,408

Pay

DENTSPLY SIRONA, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

92,298

Feb 2021

BNP

—

(3,646

)

(3,646

)

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     21

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

DSV PANALPINA A/S

1-Month DKK CIBOR - 0.30%

Monthly

DKK

1,459,027

Feb 2021

BNP

—

$4,583

$4,583

Pay

Eiffage SA

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

105,340

Feb 2021

BNP

—

12,532

12,532

Pay

Eurofins Scientific SE

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

114,774

Feb 2021

BNP

—

2,216

2,216

Pay

Eversource Energy

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

36,499

Feb 2021

BNP

—

1,501

1,501

Pay

Experian PLC

1-Month GBP LIBOR - 0.30%

Monthly

GBP

48,025

Feb 2021

BNP

—

3,198

3,198

Pay

Fiat Chrysler Automobiles NV

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

47,158

Feb 2021

BNP

—

(1,073

)

(1,073

)

Pay

Fidelity National Information Services, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

76,688

Feb 2021

BNP

—

10,275

10,275

Pay

Fiserv, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

89,287

Feb 2021

BNP

—

5,553

5,553

Pay

Ford Motor Company

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

245,318

Feb 2021

BNP

—

(3,561

)

(3,561

)

Pay

General Motors Company

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

58,304

Feb 2021

BNP

—

(3,475

)

(3,475

)

Pay

Global Payments, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

109,484

Feb 2021

BNP

—

11,361

11,361

Pay

Hasbro, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

51,565

Feb 2021

BNP

—

2,425

2,425

Pay

Healthpeak Properties, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

139,039

Feb 2021

BNP

—

3,261

3,261

Pay

Henry Schein, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

38,902

Feb 2021

BNP

—

(1,411

)

(1,411

)

22     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Home Depot, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

43,994

Feb 2021

BNP

—

$3,145

$3,145

Pay

Ingersoll Rand, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

176,861

Feb 2021

BNP

—

10,148

10,148

Pay

Interpublic Group of Companies, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

44,864

Feb 2021

BNP

—

(328

)

(328

)

Pay

Invitation Homes, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

93,316

Feb 2021

BNP

—

3,896

3,896

Pay

Just Eat Takeaway.com NV

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

149,778

Feb 2021

BNP

—

17,179

17,179

Pay

Kellogg Company

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

152,139

Feb 2021

BNP

—

9,618

9,618

Pay

Live Nation Entertainment, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

77,912

Feb 2021

BNP

—

7,976

7,976

Pay

McDonald’s Corp.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

55,573

Feb 2021

BNP

—

3,974

3,974

Pay

Melrose Industries PLC

1-Month GBP LIBOR - 0.30%

Monthly

GBP

102,902

Feb 2021

BNP

—

6,199

6,199

Pay

Merck & Company, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

51,441

Feb 2021

BNP

—

2,501

2,501

Pay

Moderna, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

251,379

Feb 2021

BNP

—

26,954

26,954

Pay

Molson Coors Beverage Company

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

59,615

Feb 2021

BNP

—

515

515

Pay

Neste OYJ

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

77,826

Feb 2021

BNP

—

5,525

5,525

Pay

Nestle SA

1-Month CHF LIBOR - 0.30%

Monthly

CHF

56,924

Feb 2021

BNP

—

2,231

2,231

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     23

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Newell Brands, Inc.

1-Day USD OBFR - 0.25%

Monthly

USD

99,443

Feb 2021

BNP

—

$2,570

$2,570

Pay

Nexi SpA

1-Month EUR EURIBOR -0.30%

Monthly

EUR

85,428

Feb 2021

BNP

—

13,598

13,598

Pay

Nordea Bank Abp

1-Month SEK STIBOR - 0.30%

Monthly

SEK

725,662

Feb 2021

BNP

—

2,921

2,921

Pay

Ocado Group PLC

1-Month GBP LIBOR - 0.30%

Monthly

GBP

60,508

Feb 2021

BNP

—

4,134

4,134

Pay

Occidental Petroleum Corp.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

90,906

Feb 2021

BNP

—

12,673

12,673

Pay

Omnicom Group, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

51,893

Feb 2021

BNP

—

5,491

5,491

Pay

ONEOK, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

50,396

Feb 2021

BNP

—

1,382

1,382

Pay

Orange SA

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

42,266

Feb 2021

BNP

—

(142

)

(142

)

Pay

Pfizer, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

135,783

Feb 2021

BNP

—

3,964

3,964

Pay

Principal Financial Group, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

126,426

Feb 2021

BNP

—

7,108

7,108

Pay

Prysmian SpA

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

84,915

Feb 2021

BNP

—

9,943

9,943

Pay

RingCentral, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

22,662

Feb 2021

BNP

—

1,476

1,476

Pay

Roku, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

322,040

Feb 2021

BNP

—

34,202

34,202

Pay

Royal Caribbean Cruises, Ltd.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

82,004

Feb 2021

BNP

—

4,081

4,081

24     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Sanofi

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

49,532

Feb 2021

BNP

—

$4,952

$4,952

Pay

SAP SE

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

38,907

Feb 2021

BNP

—

13,408

13,408

Pay

Securitas AB

1-Month SEK STIBOR - 0.30%

Monthly

SEK

205,991

Feb 2021

BNP

—

1,305

1,305

Pay

Segro PLC

1-Month GBP LIBOR - 0.30%

Monthly

GBP

57,775

Feb 2021

BNP

—

2,260

2,260

Pay

Siemens AG

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

63,745

Feb 2021

BNP

—

5,838

5,838

Pay

Societe Generale SA

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

109,864

Feb 2021

BNP

—

1,963

1,963

Pay

Spirax-Sarco Engineering PLC

1-Month GBP LIBOR - 0.30%

Monthly

GBP

67,110

Feb 2021

BNP

—

(165

)

(165

)

Pay

Straumann Holding AG

1-Month CHF LIBOR - 0.30%

Monthly

CHF

142,788

Feb 2021

BNP

—

3,283

3,283

Pay

Teladoc Health, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

104,547

Feb 2021

BNP

—

12,988

12,988

Pay

The Clorox Company

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

27,733

Feb 2021

BNP

—

1,410

1,410

Pay

The Travelers Companies, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

64,655

Feb 2021

BNP

—

(4,637

)

(4,637

)

Pay

T-Mobile US, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

78,058

Feb 2021

BNP

—

3,873

3,873

Pay

Trade Desk, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

111,002

Feb 2021

BNP

—

6,200

6,200

Pay

Truist Financial Corp.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

257,250

Feb 2021

BNP

—

(82

)

(82

)

Pay

Ubisoft Entertainment SA

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

87,227

Feb 2021

BNP

—

8,347

8,347

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     25

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

UDR, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

102,681

Feb 2021

BNP

—

$7,797

$7,797

Pay

UniCredit SpA

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

74,769

Feb 2021

BNP

—

5,340

5,340

Pay

Verizon Communications, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

38,967

Feb 2021

BNP

—

781

781

Pay

Vinci SA

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

67,458

Feb 2021

BNP

—

4,366

4,366

Pay

Vonovia SE

1-Month EUR EURIBOR - 0.30%

Monthly

EUR

89,905

Feb 2021

BNP

—

7,047

7,047

Pay

XPO Logistics, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

80,972

Feb 2021

BNP

—

6,535

6,535

Pay

Alnylam Pharmaceuticals, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

100,326

Feb 2021

BNP

—

14,608

14,608

Pay

Amazon.com, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

43,402

Feb 2021

BNP

—

3,929

3,929

Pay

American International Group, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

35,173

Feb 2021

BNP

—

(1,799

)

(1,799

)

Pay

American Tower Corp.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

132,259

Feb 2021

BNP

—

5,482

5,482

Pay

Ball Corp.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

95,532

Feb 2021

BNP

—

1,897

1,897

Pay

Carnival Corp.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

76,731

Feb 2021

BNP

—

1,625

1,625

Pay

Cheniere Energy, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

77,963

Feb 2021

BNP

—

4,621

4,621

26     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Citigroup, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

59,353

Feb 2021

BNP

—

$2,976

$2,976

Pay

Corning, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

90,651

Feb 2021

BNP

—

7,746

7,746

Pay

CoStar Group, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

35,563

Feb 2021

BNP

—

1,792

1,792

Pay

Crown Castle International Corp.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

56,663

Feb 2021

BNP

—

4,019

4,019

Pay

DISH Network Corp.

1-Day USD OBFR - 0.25%

Monthly

USD

69,515

Feb 2021

BNP

—

5,402

5,402

Pay

DocuSign, Inc.

1-Day USD OBFR - 0.25%

Monthly

USD

145,713

Feb 2021

BNP

—

23,138

23,138

Pay

DuPont de Nemours, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

115,418

Feb 2021

BNP

—

4,664

4,664

Pay

Equinix, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

94,520

Feb 2021

BNP

—

9,689

9,689

Pay

Exact Sciences Corp.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

99,747

Feb 2021

BNP

—

(20,624

)

(20,624

)

Pay

Fortive Corp.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

64,386

Feb 2021

BNP

—

5,553

5,553

Pay

Liberty Broadband Corp.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

64,903

Feb 2021

BNP

—

3,057

3,057

Pay

Linde PLC

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

83,115

Feb 2021

BNP

—

3,346

3,346

Pay

McCormick & Company, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

100,372

Feb 2021

BNP

—

9,301

9,301

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     27

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

MercadoLibre, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

64,152

Feb 2021

BNP

—

$2,231

$2,231

Pay

Microsoft Corp.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

43,493

Feb 2021

BNP

—

3,400

3,400

Pay

Mondelez International, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

109,329

Feb 2021

BNP

—

9,774

9,774

Pay

MongoDB, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

256,107

Feb 2021

BNP

—

39,051

39,051

Pay

Mosaic Company

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

86,672

Feb 2021

BNP

—

4,322

4,322

Pay

Nielsen Holdings PLC

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

65,206

Feb 2021

BNP

—

1,961

1,961

Pay

Okta, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

205,176

Feb 2021

BNP

—

30,372

30,372

Pay

Rollins, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

81,890

Feb 2021

BNP

—

2,224

2,224

Pay

Sarepta Therapeutics, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

139,030

Feb 2021

BNP

—

7,186

7,186

Pay

Seattle Genetics, Inc.

1-Day USD OBFR - 0.25%

Monthly

USD

152,345

Feb 2021

BNP

—

28,067

28,067

Pay

Square, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

126,739

Feb 2021

BNP

—

22,650

22,650

Pay

The Goldman Sachs Group, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

68,421

Feb 2021

BNP

—

6,410

6,410

Pay

TransDigmGroup,Inc

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

103,669

Feb 2021

BNP

—

2,927

2,927

28     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Twilio, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

350,343

Feb 2021

BNP

—

$50,422

$50,422

Pay

UnitedHealth Group, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

80,493

Feb 2021

BNP

—

4,812

4,812

Pay

Westinghouse Air Brake Technologies Corp.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

95,710

Feb 2021

BNP

—

6,337

6,337

Pay

Xylem, Inc.

1-Day USD SOFR Compounded OIS - 0.25%

Monthly

USD

45,212

Feb 2021

BNP

—

1,862

1,862

Pay

Canon, Inc.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

8,453,120

Dec 2021

UBS

—

(7,225

)

(7,225

)

Pay

Cie Financiere Richemont SA

1-Day CHF LIBOR -0.48%

Monthly

CHF

36,841

Dec 2021

UBS

—

2,469

2,469

Pay

Daiichi Sankyo Company, Ltd.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

13,757,952

Dec 2021

UBS

—

346

346

Pay

Daikin Industries, Ltd.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

5,333,085

Dec 2021

UBS

—

(986

)

(986

)

Pay

East Japan Railway Company

1-Day JPY LIBOR - 0.58%

Monthly

JPY

11,822,010

Dec 2021

UBS

—

15,002

15,002

Pay

Hitachi, Ltd.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

7,514,595

Dec 2021

UBS

—

1,011

1,011

Pay

Japan Airlines Company, Ltd.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

15,093,090

Dec 2021

UBS

—

13,804

13,804

Pay

Kakaku.com, Inc.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

11,636,060

Dec 2021

UBS

—

9,134

9,134

Pay

Kao Corp.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

4,845,920

Dec 2021

UBS

—

2,333

2,333

Pay

Kubota Corp.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

14,926,626

Dec 2021

UBS

—

8,997

8,997

Pay

Kyocera Corp.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

6,175,834

Dec 2021

UBS

—

3,905

3,905

Pay

Lasertec Corp.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

2,588,050

Dec 2021

UBS

—

1,314

1,314

Pay

Mazda Motor Corp.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

4,629,290

Dec 2021

UBS

—

4,627

4,627

Pay

Mitsubishi Chemical Holdings Corp.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

4,358,379

Dec 2021

UBS

—

2,195

2,195

Pay

SBI Holdings, Inc.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

10,542,609

Dec 2021

UBS

—

5,838

5,838

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     29

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Sumitomo Chemical Company, Ltd.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

5,785,780

Dec 2021

UBS

—

$3,629

$3,629

Pay

Sumitomo Corp.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

13,416,955

Dec 2021

UBS

—

10,263

10,263

Pay

Sumitomo Mitsui Financial Group, Inc.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

6,274,754

Dec 2021

UBS

—

1,524

1,524

Pay

Suzuki Motor Corp.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

8,851,771

Dec 2021

UBS

—

4,023

4,023

Pay

AbbVie, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

61,110

Dec 2021

UBS

—

85

85

Pay

Afterpay, Ltd.

1-Day AUD IBOC - 0.45%

Monthly

AUD

220,400

Dec 2021

UBS

—

(2,779

)

(2,779

)

Pay

AIA Group, Ltd.

1-Day HKD HIBOR - 0.45%

Monthly

HKD

496,974

Dec 2021

UBS

—

4,326

4,326

Pay

Altice Europe NV

1-Day EUR LIBOR - 0.40%

Monthly

EUR

62,165

Dec 2021

UBS

—

324

324

Pay

Aptiv PLC

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

174,066

Dec 2021

UBS

—

2,098

2,098

Pay

Athene Holding, Ltd.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

135,093

Dec 2021

UBS

—

13,749

13,749

Pay

Becton Dickinson and Company

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

131,606

Dec 2021

UBS

—

2,156

2,156

Pay

BOC Hong Kong Holdings, Ltd.

1-Day HKD HIBOR - 0.45%

Monthly

HKD

451,976

Dec 2021

UBS

—

(974

)

(974

)

Pay

Boston Properties, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

48,654

Dec 2021

UBS

—

4,333

4,333

Pay

CarMax, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

69,747

Dec 2021

UBS

—

4,994

4,994

Pay

Centene Corp.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

97,605

Dec 2021

UBS

—

10,006

10,006

30     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Cincinnati Financial Corp.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

59,903

Dec 2021

UBS

—

$6,133

$6,133

Pay

Cisco Systems, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

36,533

Dec 2021

UBS

—

3,715

3,715

Pay

Comerica, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

106,639

Dec 2021

UBS

—

(9,562

)

(9,562

)

Pay

Commerzbank AG

1-Day EUR LIBOR - 0.40%

Monthly

EUR

102,752

Dec 2021

UBS

—

8,920

8,920

Pay

CSX Corp.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

55,262

Dec 2021

UBS

—

1,418

1,418

Pay

E.ON SE

1-Day EUR LIBOR - 0.40%

Monthly

EUR

94,784

Dec 2021

UBS

—

7,164

7,164

Pay

Galapagos NV

1-Day EUR LIBOR - 0.40%

Monthly

EUR

174,196

Dec 2021

UBS

—

28,002

28,002

Pay

Huntington Bancshares, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

62,645

Dec 2021

UBS

—

(5,066

)

(5,066

)

Pay

Insulet Corp.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

82,210

Dec 2021

UBS

—

9,301

9,301

Pay

Jardine Matheson Holdings, Ltd.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

64,361

Dec 2021

UBS

—

(3,963

)

(3,963

)

Pay

Lendlease Corp, Ltd.

1-Day AUD IBOC - 0.45%

Monthly

AUD

43,112

Dec 2021

UBS

—

1,094

1,094

Pay

Loews Corp.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

34,749

Dec 2021

UBS

—

932

932

Pay

L’Oreal SA

1-Day EUR LIBOR - 0.40%

Monthly

EUR

68,328

Dec 2021

UBS

—

1,920

1,920

Pay

M&T Bank Corp.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

58,188

Dec 2021

UBS

—

(1,482

)

(1,482

)

Pay

Melco Resorts & Entertainment, Ltd.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

101,645

Dec 2021

UBS

—

(7,968

)

(7,968

)

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     31

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Moody’s Corp.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

81,334

Dec 2021

UBS

—

$7,712

$7,712

Pay

MTR Corp, Ltd.

1-Day HKD HIBOR - 0.45%

Monthly

HKD

403,795

Dec 2021

UBS

—

794

794

Pay

New World Development Company, Ltd.

1-Day HKD HIBOR -0.45%

Monthly

HKD

342,900

Dec 2021

UBS

—

1,386

1,386

Pay

Newcrest Mining, Ltd.

1-Day AUD IBOC - 0.45%

Monthly

AUD

150,284

Dec 2021

UBS

—

7,439

7,439

Pay

Oracle Corp.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

38,430

Dec 2021

UBS

—

2,795

2,795

Pay

PayPal Holdings, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

53,629

Dec 2021

UBS

—

4,484

4,484

Pay

QBE Insurance Group, Ltd.

1-Day AUD IBOC - 0.45%

Monthly

AUD

139,382

Dec 2021

UBS

—

9,622

9,622

Pay

RenaissanceRe Holdings, Ltd.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

101,290

Dec 2021

UBS

—

6,509

6,509

Pay

Roper Technologies, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

55,959

Dec 2021

UBS

—

7,677

7,677

Pay

Sage Group PLC

1-Day GBP LIBOR - 0.48%

Monthly

GBP

42,246

Dec 2021

UBS

—

5,268

5,268

Pay

Schlumberger, Ltd.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

43,924

Dec 2021

UBS

—

3,953

3,953

Pay

Southwest Airlines Company

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

95,875

Dec 2021

UBS

—

(1,816

)

(1,816

)

Pay

Standard Chartered PLC

1-Day GBP LIBOR - 0.48%

Monthly

GBP

57,788

Dec 2021

UBS

—

1,796

1,796

Pay

Stanley Black & Decker, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

170,114

Dec 2021

UBS

—

10,042

10,042

Pay

Sydney Airport

1-Day AUD IBOC - 0.45%

Monthly

AUD

77,581

Dec 2021

UBS

—

4,658

4,658

32     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

TE Connectivity, Ltd.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

47,244

Dec 2021

UBS

—

$4,514

$4,514

Pay

Tyson Foods, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

88,013

Dec 2021

UBS

—

4,732

4,732

Pay

United Overseas Bank, Ltd.

1-Day SGD SORA - 0.45%

Monthly

SGD

80,195

Dec 2021

UBS

—

1,408

1,408

Pay

VF Corp.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

91,578

Dec 2021

UBS

—

12,404

12,404

Pay

Visa, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

39,910

Dec 2021

UBS

—

3,563

3,563

Pay

Vulcan Materials Company

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

77,727

Dec 2021

UBS

—

518

518

Pay

Xilinx, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

72,948

Dec 2021

UBS

—

(293

)

(293

)

Pay

Air Canada

1-Day CAD CORRA Compounded OIS - 0.45%

Monthly

CAD

145,872

Dec 2021

UBS

—

5,562

5,562

Pay

Canadian Apartment Properties REIT

1-Day CAD CORRA Compounded OIS - 0.45%

Monthly

CAD

131,646

Dec 2021

UBS

—

3,484

3,484

Pay

Fortis, Inc.

1-Day CAD CORRA Compounded OIS - 0.45%

Monthly

CAD

151,996

Dec 2021

UBS

—

3,781

3,781

Pay

Power Corp of Canada

1-Day CAD CORRA Compounded OIS - 0.45%

Monthly

CAD

26,560

Dec 2021

UBS

—

1,139

1,139

Pay

Royal Bank of Canada

1-Day CAD CORRA Compounded OIS - 0.45%

Monthly

CAD

51,156

Dec 2021

UBS

—

1,543

1,543

Pay

TC Energy Corp.

1-Day CAD CORRA Compounded OIS - 0.45%

Monthly

CAD

54,245

Dec 2021

UBS

—

3,791

3,791

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     33

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Banco Santander SA

1-Day EUR LIBOR - 0.40%

Monthly

EUR

109,881

Jan 2022

UBS

—

$(8,903

)

$(8,903

)

Pay

Bank of America Corp.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

63,297

Jan 2022

UBS

—

1,172

1,172

Pay

BASF SE

1-Day EUR LIBOR - 0.40%

Monthly

EUR

108,886

Jan 2022

UBS

—

12,950

12,950

Pay

Bayer AG

1-Day EUR LIBOR - 0.40%

Monthly

EUR

26,201

Jan 2022

UBS

—

2,580

2,580

Pay

BeiGene, Ltd.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

144,129

Jan 2022

UBS

—

3,561

3,561

Pay

Credit Agricole SA

1-Day EUR LIBOR - 0.40%

Monthly

EUR

75,299

Jan 2022

UBS

—

5,598

5,598

Pay

Deere & Company

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

183,445

Jan 2022

UBS

—

9,472

9,472

Pay

Deutsche Bank AG

1-Day EUR LIBOR - 0.40%

Monthly

EUR

182,240

Jan 2022

UBS

—

(7,262

)

(7,262

)

Pay

Deutsche Telekom AG

1-Day EUR LIBOR - 0.40%

Monthly

EUR

49,112

Jan 2022

UBS

—

3,618

3,618

Pay

Ecolab, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

65,669

Jan 2022

UBS

—

5,811

5,811

Pay

Elanco Animal Health, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

191,648

Jan 2022

UBS

—

4,914

4,914

Pay

Electricite de France SA

1-Day EUR LIBOR - 0.40%

Monthly

EUR

86,504

Jan 2022

UBS

—

1,663

1,663

Pay

Exxon Mobil Corp.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

120,954

Jan 2022

UBS

—

6,410

6,410

Pay

Facebook, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

62,679

Jan 2022

UBS

—

841

841

Pay

Hang Seng Bank, Ltd.

1-Day HKD HIBOR -0.45%

Monthly

HKD

507,320

Jan 2022

UBS

—

(3,116

)

(3,116

)

Pay

Industria de Diseno Textil SA

1-Day EUR LIBOR - 0.40%

Monthly

EUR

24,761

Jan 2022

UBS

—

2,788

2,788

Pay

Link REIT

1-Day HKD HIBOR -0.45%

Monthly

HKD

324,421

Jan 2022

UBS

—

1,439

1,439

34     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Lowe’s Companies, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

52,493

Jan 2022

UBS

—

$5,372

$5,372

Pay

LVMH Moet Hennessy Louis Vuitton SE

1-Day EUR LIBOR - 0.40%

Monthly

EUR

56,017

Jan 2022

UBS

—

84

84

Pay

Mastercard, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

37,581

Jan 2022

UBS

—

5,538

5,538

Pay

MGM Resorts International

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

64,453

Jan 2022

UBS

—

1,707

1,707

Pay

Motorola Solutions, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

50,791

Jan 2022

UBS

—

3,999

3,999

Pay

Novartis AG

1-Day CHF LIBOR - 0.48%

Monthly

CHF

73,653

Jan 2022

UBS

—

6,604

6,604

Pay

People’s United Financial, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

150,730

Jan 2022

UBS

—

(728

)

(728

)

Pay

Prologis, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

61,518

Jan 2022

UBS

—

3,380

3,380

Pay

Schneider Electric SE

1-Day EUR LIBOR - 0.40%

Monthly

EUR

39,169

Jan 2022

UBS

—

1,787

1,787

Pay

Sun Hung Kai Properties, Ltd.

1-Day HKDHIBOR - 0.45%

Monthly

HKD

742,967

Jan 2022

UBS

—

(894

)

(894

)

Pay

US Bancorp

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

64,581

Jan 2022

UBS

—

306

306

Pay

VEREIT, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

114,622

Jan 2022

UBS

—

9,326

9,326

Pay

Walmart, Inc.

1-Day USD SOFR Compounded OIS - 0.35%

Monthly

USD

62,871

Jan 2022

UBS

—

2,507

2,507

Pay

Wayfair, Inc.

1-Day USD OBFR - 0.35%

Monthly

USD

196,382

Jan 2022

UBS

—

32,906

32,906

Pay

Aeon Company, Ltd.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

24,521,640

Jan 2022

UBS

—

15,878

15,878

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     35

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Barclays PLC

1-Day GBP LIBOR - 0.48%

Monthly

GBP

43,633

Jan 2022

UBS

—

$(3,644

)

$(3,644

)

Pay

BP PLC

1-Day GBP LIBOR - 0.48%

Monthly

GBP

95,198

Jan 2022

UBS

—

5,867

5,867

Pay

Central Japan Railway Company

1-Day JPY LIBOR - 0.58%

Monthly

JPY

4,026,000

Jan 2022

UBS

—

5,388

5,388

Pay

Commonwealth Bank of Australia

1-Day AUD IBOC - 0.45%

Monthly

AUD

50,089

Jan 2022

UBS

—

127

127

Pay

Daiwa House Industry Company, Ltd.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

8,854,170

Jan 2022

UBS

—

3,786

3,786

Pay

Denso Corp.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

5,208,147

Jan 2022

UBS

—

(425

)

(425

)

Pay

Glencore PLC

1-Day GBP LIBOR - 0.48%

Monthly

GBP

204,144

Jan 2022

UBS

—

11,048

11,048

Pay

Honda Motor Company, Ltd.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

6,346,553

Jan 2022

UBS

—

2,203

2,203

Pay

HSBC Holdings PLC

1-Day GBP LIBOR - 0.48%

Monthly

GBP

110,612

Jan 2022

UBS

—

(12,135

)

(12,135

)

Pay

Japan Post Holdings Company, Ltd.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

12,799,530

Jan 2022

UBS

—

4,099

4,099

Pay

Keyence Corp.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

11,056,340

Jan 2022

UBS

—

4,935

4,935

Pay

Mercari, Inc.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

30,275,250

Jan 2022

UBS

—

59,843

59,843

Pay

Mitsubishi Corp.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

10,960,920

Jan 2022

UBS

—

7,222

7,222

Pay

Mitsubishi Estate Company, Ltd.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

4,381,000

Jan 2022

UBS

—

1,817

1,817

Pay

Mitsubishi UFJ Financial Group, Inc.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

8,027,460

Jan 2022

UBS

—

1,769

1,769

Pay

Mitsui Fudosan Company, Ltd.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

9,569,018

Jan 2022

UBS

—

6,036

6,036

Pay

Mondi PLC

1-Day GBP LIBOR - 0.48%

Monthly

GBP

77,482

Jan 2022

UBS

—

8,062

8,062

National Pay

Australia Bank, Ltd.

1-Day AUD IBOC - 0.45%

Monthly

AUD

162,840

Jan 2022

UBS

—

3,733

3,733

Pay

NEC Corp.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

10,798,920

Jan 2022

UBS

—

11,955

11,955

Pay

Nippon Steel Corp.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

19,125,580

Jan 2022

UBS

—

9,172

9,172

36     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Nippon Yusen KK

1-Day JPY LIBOR - 0.58%

Monthly

JPY

10,643,076

Jan 2022

UBS

—

$554

$554

Pay

Nissan Motor Company, Ltd.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

13,379,845

Jan 2022

UBS

—

3,564

3,564

Pay

Oil Search, Ltd.

1-Day AUD IBOC - 0.45%

Monthly

AUD

158,868

Jan 2022

UBS

—

13,704

13,704

Pay

Rakuten, Inc.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

13,224,360

Jan 2022

UBS

—

15,280

15,280

Pay

Sharp Corp.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

5,435,444

Jan 2022

UBS

—

3,683

3,683

Pay

Shiseido Company, Ltd.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

7,511,790

Jan 2022

UBS

—

3,492

3,492

Pay

SoftBank Group Corp.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

19,076,504

Jan 2022

UBS

—

5,744

5,744

Pay

Sony Corp.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

1,365,232

Jan 2022

UBS

—

(1,574

)

(1,574

)

Pay

Takeda Pharmaceutical Company, Ltd.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

20,496,118

Jan 2022

UBS

—

18,942

18,942

Pay

Toyota Motor Corp.

1-Day JPY LIBOR - 0.58%

Monthly

JPY

8,719,815

Jan 2022

UBS

—

1,327

1,327

Pay

Transurban Group

1-Day AUD IBOC - 0.45%

Monthly

AUD

110,936

Jan 2022

UBS

—

3,422

3,422

Pay

Treasury Wine Estates, Ltd.

1-Day AUD IBOC - 0.45%

Monthly

AUD

153,258

Jan 2022

UBS

—

1,718

1,718

Pay

Vodafone Group PLC

1-Day GBP LIBOR - 0.48%

Monthly

GBP

46,859

Jan 2022

UBS

—

3,280

3,280

Pay

Bank of Nova Scotia

1-Day CAD CORRA Compounded OIS - 0.45%

Monthly

CAD

72,114

Jan 2022

UBS

—

680

680

Pay

BCE, Inc.

1-Day CAD CORRA Compounded OIS - 0.45%

Monthly

CAD

103,838

Jan 2022

UBS

—

4,309

4,309

Pay

Canadian National Railway Company

1-Day CAD CORRA Compounded OIS - 0.45%

Monthly

CAD

93,633

Jan 2022

UBS

—

6,992

6,992

Pay

Cenovus Energy, Inc.

1-Day CAD CORRA Compounded OIS - 0.45%

Monthly

CAD

91,873

Jan 2022

UBS

—

9,577

9,577

Pay

CGI, Inc.

1-Day CAD CORRA Compounded OIS - 0.45%

Monthly

CAD

127,591

Jan 2022

UBS

—

9,383

9,383

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     37

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Pay

Enbridge, Inc.

1-Day CAD CORRA Compounded OIS - 0.45%

Monthly

CAD

58,447

Jan 2022

UBS

—

$2,176

$2,176

Pay

Inter Pipeline, Ltd.

1-Day CAD CORRA Compounded OIS - 0.45%

Monthly

CAD

135,667

Jan 2022

UBS

—

8,126

8,126

Pay

Nutrien, Ltd.

1-Day CAD CORRA Compounded OIS - 0.45%

Monthly

CAD

164,703

Jan 2022

UBS

—

(2,410

)

(2,410

)

Pay

Restaurant Brands International, Inc.

1-Day CAD CORRA OIS - 0.45%

Monthly

CAD

195,558

Jan 2022

UBS

—

15,664

15,664

Pay

Teck Resources, Ltd.

1-Day CAD CORRA Compounded OIS - 0.45%

Monthly

CAD

75,187

Jan 2022

UBS

—

1,834

1,834

Pay

The Toronto-Dominion Bank

1-Day CAD CORRA OIS - 0.45%

Monthly

CAD

75,094

Jan 2022

UBS

—

1,651

1,651

Pay

Wheaton Precious Metals Corp.

1-Day CAD CORRA Compounded OIS - 0.45%

Monthly

CAD

21,757

Jan 2022

UBS

—

1,369

1,369

Receive

ABN AMRO Bank NV

1-Month EUR EURIBOR + 0.30%

Monthly

EUR

20,699

Feb 2021

BNP

—

(643

)

(643

)

Receive

Accor SA

1-Month EUR EURIBOR + 0.30%

Monthly

EUR

95,364

Feb 2021

BNP

—

(4,380

)

(4,380

)

Receive

Advanced Micro Devices, Inc.

1-Month USD LIBOR + 0.35%

Monthly

USD

43,810

Feb 2021

BNP

—

(4,142

)

(4,142

)

Receive

Adyen NV

1-Month EUR EURIBOR + 0.30%

Monthly

EUR

166,095

Feb 2021

BNP

—

(23,062

)

(23,062

)

Receive

AGNC Investment Corp.

1-Month USD LIBOR + 0.35%

Monthly

USD

30,005

Feb 2021

BNP

—

(451

)

(451

)

Receive

Akzo Nobel NV

1-Month EUR EURIBOR + 0.30%

Monthly

EUR

132,237

Feb 2021

BNP

—

(12,602

)

(12,602

)

Receive

Alphabet, Inc., Class A

1-Month USD LIBOR + 0.35%

Monthly

USD

88,662

Feb 2021

BNP

—

3,436

3,436

38     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Aon PLC	1-Month USD LIBOR + 0.35%	Monthly	USD		107,454	Feb 2021	BNP		—		$(14,554	)		$(14,554	)
Receive	Apple, Inc.	1-Month USD LIBOR + 0.35%	Monthly	USD		34,161	Feb 2021	BNP		—		(3,361	)		(3,361	)
Receive	Atos SE	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		75,016	Feb 2021	BNP		—		(11,398	)		(11,398	)
Receive	Aviva PLC	1-Month GBP LIBOR + 0.35%	Monthly	GBP		42,543	Feb 2021	BNP		—		(4,239	)		(4,239	)
Receive	Barratt Developments PLC	1-Month GBP LIBOR + 0.35%	Monthly	GBP		66,633	Feb 2021	BNP		—		(10,610	)		(10,610	)
Receive	Bouygues SA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		63,802	Feb 2021	BNP		—		(5,885	)		(5,885	)
Receive	Campbell Soup Company	1-Month USD LIBOR + 0.35%	Monthly	USD		67,792	Feb 2021	BNP		—		(3,450	)		(3,450	)
Receive	Capgemini SE	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		16,895	Feb 2021	BNP		—		(1,778	)		(1,778	)
Receive	Carlsberg AS	1-Month DKK CIBOR + 0.30%	Monthly	DKK		740,419	Feb 2021	BNP		—		(8,762	)		(8,762	)
Receive	Cboe Global Markets, Inc.	1-Month USD LIBOR + 0.35%	Monthly	USD		60,384	Feb 2021	BNP		—		(1,788	)		(1,788	)
Receive	Citizens Financial Group, Inc.	1-Month USD LIBOR + 0.35%	Monthly	USD		70,810	Feb 2021	BNP		—		(1,666	)		(1,666	)
Receive	Clariant AG	1-Month CHF LIBOR + 0.30%	Monthly	CHF		69,687	Feb 2021	BNP		—		(8,023	)		(8,023	)
Receive	Coloplast A/S	1-Month DKK CIBOR + 0.30%	Monthly	DKK		295,173	Feb 2021	BNP		—		(2,563	)		(2,563	)
Receive	Colruyt SA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		64,680	Feb 2021	BNP		—		(3,172	)		(3,172	)
Receive	DaVita, Inc.	1-Month USD LIBOR + 0.35%	Monthly	USD		48,812	Feb 2021	BNP		—		(1,472	)		(1,472	)
Receive	Demant A/S	1-Month DKK CIBOR + 0.30%	Monthly	DKK		404,013	Feb 2021	BNP		—		(1,292	)		(1,292	)

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     39

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Diamondback Energy, Inc.	1-Month USD LIBOR + 0.35%	Monthly	USD		77,953	Feb 2021	BNP		—		$(11,904	)		$(11,904	)
Receive	Duke Realty Corp.	1-Month USD LIBOR + 0.35%	Monthly	USD		64,835	Feb 2021	BNP		—		(1,597	)		(1,597	)
Receive	Fair Isaac Corp.	1-Month USD LIBOR + 0.35%	Monthly	USD		55,500	Feb 2021	BNP		—		(5,799	)		(5,799	)
Receive	Fastenal Company	1-Month USD LIBOR + 0.35%	Monthly	USD		44,129	Feb 2021	BNP		—		(1,385	)		(1,385	)
Receive	Fresenius SE & Company KGaA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		37,080	Feb 2021	BNP		—		(5,468	)		(5,468	)
Receive	Geberit AG	1-Month CHF LIBOR + 0.30%	Monthly	CHF		112,403	Feb 2021	BNP		—		(4,145	)		(4,145	)
Receive	Gecina SA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		114,742	Feb 2021	BNP		—		(5,744	)		(5,744	)
Receive	HCA Healthcare, Inc.	1-Month USD LIBOR + 0.35%	Monthly	USD		22,598	Feb 2021	BNP		—		(2,277	)		(2,277	)
Receive	HD Supply Holdings, Inc.	1-Month USD LIBOR + 0.35%	Monthly	USD		69,091	Feb 2021	BNP		—		(3,816	)		(3,816	)
Receive	Hermes International	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		125,064	Feb 2021	BNP		—		5,109			5,109
Receive	Hochtief AG	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		21,783	Feb 2021	BNP		—		(1,960	)		(1,960	)
Receive	Iliad SA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		39,102	Feb 2021	BNP		—		(1,262	)		(1,262	)
Receive	Ionis Pharmaceuticals, Inc.	1-Month USD LIBOR + 0.35%	Monthly	USD		34,769	Feb 2021	BNP		—		(973	)		(973	)
Receive	ITV PLC	1-Month GBP LIBOR + 0.35%	Monthly	GBP		49,910	Feb 2021	BNP		—		(1,807	)		(1,807	)
Receive	Kingfisher PLC	1-Month GBP LIBOR + 0.35%	Monthly	GBP		97,430	Feb 2021	BNP		—		(8,588	)		(8,588	)
Receive	Koninklijke Vopak NV	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		115,454	Feb 2021	BNP		—		(8,402	)		(8,402	)

40     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Liberty Broadband Corp.	1-Month USD LIBOR + 0.35%	Monthly	USD		88,512	Feb 2021	BNP		—		$(4,203	)		$(4,203	)
Receive	Liberty Media Corp-Liberty Formula One	1-Month USD LIBOR + 0.35%	Monthly	USD		57,157	Feb 2021	BNP		—		(266	)		(266	)
Receive	Logitech International SA	1-Month CHF LIBOR + 0.30%	Monthly	CHF		106,919	Feb 2021	BNP		—		7,861			7,861
Receive	Masimo Corp.	1-Month USD LIBOR + 0.35%	Monthly	USD		67,730	Feb 2021	BNP		—		(2,615	)		(2,615	)
Receive	Merck KGaA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		71,484	Feb 2021	BNP		—		2,262			2,262
Receive	Mettler-Toledo International, Inc.	1-Month USD LIBOR + 0.35%	Monthly	USD		103,890	Feb 2021	BNP		—		(2,128	)		(2,128	)
Receive	Molina Healthcare, Inc.	1-Month USD LIBOR + 0.35%	Monthly	USD		135,671	Feb 2021	BNP		—		(13,192	)		(13,192	)
Receive	Naturgy Energy Group SA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		21,396	Feb 2021	BNP		—		(2,067	)		(2,067	)
Receive	NN Group NV	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		75,980	Feb 2021	BNP		—		(6,845	)		(6,845	)
Receive	Novo Nordisk A/S	1-Month DKK CIBOR + 0.30%	Monthly	DKK		837,512	Feb 2021	BNP		—		(10,725	)		(10,725	)
Receive	Pearson PLC	1-Month GBP LIBOR + 0.35%	Monthly	GBP		79,040	Feb 2021	BNP		—		(5,708	)		(5,708	)
Receive	Peugeot SA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		77,738	Feb 2021	BNP		—		1,319			1,319
Receive	PTC, Inc.	1-Month USD LIBOR + 0.35%	Monthly	USD		50,655	Feb 2021	BNP		—		(2,268	)		(2,268	)
Receive	Reckitt Benckiser Group PLC	1-Month GBP LIBOR + 0.35%	Monthly	GBP		39,317	Feb 2021	BNP		—		(3,197	)		(3,197	)
Receive	Red Electrica Corp SA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		110,931	Feb 2021	BNP		—		(7,090	)		(7,090	)
Receive	Roche Holding AG	1-Month CHF LIBOR + 0.30%	Monthly	CHF		41,326	Feb 2021	BNP		—		(1,984	)		(1,984	)

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     41

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Sonova Holding AG	1-Month CHF LIBOR + 0.30%	Monthly	CHF		242	Feb 2021	BNP		—		$(27	)		$(27	)
Receive	Telefonica SA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		24,022	Feb 2021	BNP		—		(2,252	)		(2,252	)
Receive	The Blackstone Group, Inc.	1-Month USD LIBOR + 0.35%	Monthly	USD		63,101	Feb 2021	BNP		—		(5,687	)		(5,687	)
Receive	Tyler Technologies, Inc.	1-Month USD LIBOR + 0.35%	Monthly	USD		78,547	Feb 2021	BNP		—		(2,458	)		(2,458	)
Receive	Umicore SA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		43,316	Feb 2021	BNP		—		(5,075	)		(5,075	)
Receive	Unilever NV	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		36,896	Feb 2021	BNP		—		(3,046	)		(3,046	)
Receive	Vail Resorts, Inc.	1-Month USD LIBOR + 0.35%	Monthly	USD		82,779	Feb 2021	BNP		—		(888	)		(888	)
Receive	Vestas Wind Systems A/S	1-Month DKK CIBOR + 0.30%	Monthly	DKK		325,440	Feb 2021	BNP		—		(1,758	)		(1,758	)
Receive	Vivendi SA	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		83,117	Feb 2021	BNP		—		(649	)		(649	)
Receive	VMware, Inc.	1-Month USD LIBOR + 0.35%	Monthly	USD		79,960	Feb 2021	BNP		—		(12,782	)		(12,782	)
Receive	Wendel SE	1-Month EUR EURIBOR + 0.30%	Monthly	EUR		58,274	Feb 2021	BNP		—		(5,213	)		(5,213	)
Receive	Whirlpool Corp.	1-Month USD LIBOR + 0.35%	Monthly	USD		140,390	Feb 2021	BNP		—		(11,876	)		(11,876	)
Receive	WW Grainger, Inc.	1-Month USD LIBOR + 0.35%	Monthly	USD		141,534	Feb 2021	BNP		—		(13,110	)		(13,110	)
Receive	Bunge, Ltd.	1-Month USD LIBOR + 0.35%	Monthly	USD		69,389	Feb 2021	BNP		—		3,209			3,209
Receive	Copart, Inc.	1-Month USD LIBOR + 0.35%	Monthly	USD		57,997	Feb 2021	BNP		—		(3,603	)		(3,603	)
Receive	Lincoln National Corp.	1-Month USD LIBOR + 0.35%	Monthly	USD		92,051	Feb 2021	BNP		—		2,873			2,873

42     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	ABC-Mart, Inc.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		4,957,590	Dec 2021	UBS		—		$(1,059	)		$(1,059	)
Receive	Bank of Kyoto, Ltd.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		5,723,250	Dec 2021	UBS		—		(3,154	)		(3,154	)
Receive	Daiwa Securities Group, Inc.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		4,702,436	Dec 2021	UBS		—		(2,990	)		(2,990	)
Receive	Fujitsu, Ltd.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		5,244,750	Dec 2021	UBS		—		(6,899	)		(6,899	)
Receive	GN Store Nord A/S	1-Month DKK CIBOR + 0.40%	Monthly	DKK		334,045	Dec 2021	UBS		—		(4,653	)		(4,653	)
Receive	Hamamatsu Photonics KK	1-Month JPY LIBOR + 0.45%	Monthly	JPY		5,225,040	Dec 2021	UBS		—		(671	)		(671	)
Receive	Ito En, Ltd.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		6,059,120	Dec 2021	UBS		—		(4,160	)		(4,160	)
Receive	Kobe Bussan Company, Ltd.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		2,555,640	Dec 2021	UBS		—		1,352			1,352
Receive	Miura Company, Ltd.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		6,337,500	Dec 2021	UBS		—		(2,105	)		(2,105	)
Receive	NGK Spark Plug Company, Ltd.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		5,508,405	Dec 2021	UBS		—		(1,307	)		(1,307	)
Receive	Nippon Prologis REIT, Inc.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		8,996,000	Dec 2021	UBS		—		(519	)		(519	)
Receive	Nitori Holdings Company, Ltd.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		7,017,600	Dec 2021	UBS		—		(1,179	)		(1,179	)
Receive	Nomura Holdings, Inc.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		7,281,994	Dec 2021	UBS		—		(2,751	)		(2,751	)
Receive	Ono Pharmaceutical Company, Ltd.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		6,115,767	Dec 2021	UBS		—		(4,863	)		(4,863	)
Receive	Otsuka Holdings Company, Ltd.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		6,879,586	Dec 2021	UBS		—		(3,610	)		(3,610	)
Receive	Panasonic Corp.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		9,341,240	Dec 2021	UBS		—		9,572			9,572

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     43

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	Partners Group Holding AG	1-Month CHF LIBOR + 0.40%	Monthly	CHF		140,237	Dec 2021	UBS		—		$(3,266	)		$(3,266	)
Receive	Recruit Holdings Company, Ltd.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		10,480,395	Dec 2021	UBS		—		(7,027	)		(7,027	)
Receive	Ryohin Keikaku Company, Ltd.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		7,460,964	Dec 2021	UBS		—		6,936			6,936
Receive	SCSK Corp.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		6,229,140	Dec 2021	UBS		—		(7,264	)		(7,264	)
Receive	Seiko Epson Corp.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		5,937,222	Dec 2021	UBS		—		5,859			5,859
Receive	Seven Bank, Ltd.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		7,432,863	Dec 2021	UBS		—		(3,412	)		(3,412	)
Receive	Shimizu Corp.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		8,031,024	Dec 2021	UBS		—		(4,975	)		(4,975	)
Receive	Skanska AB	1-Month SEK STIBOR + 0.40%	Monthly	SEK		523,539	Dec 2021	UBS		—		(5,881	)		(5,881	)
Receive	Sohgo Security Services Company, Ltd.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		5,263,360	Dec 2021	UBS		—		(2,615	)		(2,615	)
Receive	Tokio Marine Holdings, Inc.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		3,343,050	Dec 2021	UBS		—		(1,234	)		(1,234	)
Receive	Trend Micro, Inc.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		10,676,000	Dec 2021	UBS		—		(7,008	)		(7,008	)
Receive	Yakult Honsha Company, Ltd.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		9,170,960	Dec 2021	UBS		—		(4,925	)		(4,925	)
Receive	Yamazaki Baking Company, Ltd.	1-Month JPY LIBOR + 0.45%	Monthly	JPY		5,029,856	Dec 2021	UBS		—		(2,457	)		(2,457	)
Receive	Yara International ASA	1-Month NOK NIBOR + 0.40%	Monthly	NOK		899,959	Dec 2021	UBS		—		(2,596	)		(2,596	)
Receive	Aegon NV	1-Month EUR LIBOR + 0.40%	Monthly	EUR		25,542	Dec 2021	UBS		—		(540	)		(540	)
Receive	Ageas SA/NV	1-Month EUR LIBOR + 0.40%	Monthly	EUR		58,398	Dec 2021	UBS		—		(1,534	)		(1,534	)

44     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	American Financial Group, Inc.	1-Month USD LIBOR + 0.40%	Monthly	USD		66,403	Dec 2021	UBS		—		$2,974			$2,974
Receive	Annaly Capital Management, Inc.	1-Month USD LIBOR + 0.40%	Monthly	USD		53,385	Dec 2021	UBS		—		(1,621	)		(1,621	)
Receive	Aurizon Holdings, Ltd.	1-Month AUD BBSW + 0.45%	Monthly	AUD		97,128	Dec 2021	UBS		—		(5,665	)		(5,665	)
Receive	Autoliv, Inc.	1-Month USD LIBOR + 0.40%	Monthly	USD		76,758	Dec 2021	UBS		—		(6,056	)		(6,056	)
Receive	AVEVA Group PLC	1-Month GBP LIBOR + 0.40%	Monthly	GBP		39,332	Dec 2021	UBS		—		(2,280	)		(2,280	)
Receive	AXA SA	1-Month EUR LIBOR + 0.40%	Monthly	EUR		52,900	Dec 2021	UBS		—		(5,626	)		(5,626	)
Receive	Brown-Forman Corp.	1-Month USD LIBOR + 0.40%	Monthly	USD		53,611	Dec 2021	UBS		—		(4,619	)		(4,619	)
Receive	Cable One, Inc.	1-Month USD LIBOR + 0.40%	Monthly	USD		53,311	Dec 2021	UBS		—		(3,101	)		(3,101	)
Receive	Cognex Corp.	1-Month USD LIBOR + 0.40%	Monthly	USD		75,342	Dec 2021	UBS		—		(1,488	)		(1,488	)
Receive	CVS Health Corp.	1-Month USD LIBOR + 0.40%	Monthly	USD		24,855	Dec 2021	UBS		—		(1,360	)		(1,360	)
Receive	Enagas SA	1-Month EUR LIBOR + 0.40%	Monthly	EUR		54,044	Dec 2021	UBS		—		(2,144	)		(2,144	)
Receive	Essential Utilities, Inc.	1-Month USD LIBOR + 0.40%	Monthly	USD		55,528	Dec 2021	UBS		—		(376	)		(376	)
Receive	FedEx Corp.	1-Month USD LIBOR + 0.40%	Monthly	USD		33,853	Dec 2021	UBS		—		(2,726	)		(2,726	)
Receive	Ferguson PLC	1-Month GBP LIBOR + 0.40%	Monthly	GBP		41,811	Dec 2021	UBS		—		(1,657	)		(1,657	)
Receive	GEA Group AG	1-Month EUR LIBOR + 0.40%	Monthly	EUR		47,999	Dec 2021	UBS		—		(2,925	)		(2,925	)
Receive	Hikma Pharmaceuticals PLC	1-Month GBP LIBOR + 0.40%	Monthly	GBP		56,903	Dec 2021	UBS		—		(4,537	)		(4,537	)

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     45

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	J Sainsbury PLC	1-Month GBP LIBOR + 0.40%	Monthly	GBP		59,335	Dec 2021	UBS		—		$715			$715
Receive	JB Hunt Transport Services, Inc.	1-Month USD LIBOR + 0.40%	Monthly	USD		65,388	Dec 2021	UBS		—		(9,283	)		(9,283	)
Receive	Klepierre SA	1-Month EUR LIBOR + 0.40%	Monthly	EUR		69,301	Dec 2021	UBS		—		(11,374	)		(11,374	)
Receive	Lear Corp.	1-Month USD LIBOR + 0.40%	Monthly	USD		58,159	Dec 2021	UBS		—		(3,930	)		(3,930	)
Receive	Lennar Corp.	1-Month USD LIBOR + 0.40%	Monthly	USD		94,842	Dec 2021	UBS		—		(16,209	)		(16,209	)
Receive	Nemetschek SE	1-Month EUR LIBOR + 0.40%	Monthly	EUR		61,976	Dec 2021	UBS		—		(1,586	)		(1,586	)
Receive	Newmont Corp.	1-Month USD LIBOR + 0.40%	Monthly	USD		60,921	Dec 2021	UBS		—		(171	)		(171	)
Receive	NVR, Inc.	1-Month USD LIBOR + 0.40%	Monthly	USD		62,253	Dec 2021	UBS		—		(6,926	)		(6,926	)
Receive	Pentair PLC	1-Month USD LIBOR + 0.40%	Monthly	USD		184,385	Dec 2021	UBS		—		(122	)		(122	)
Receive	PulteGroup, Inc.	1-Month USD LIBOR + 0.40%	Monthly	USD		85,575	Dec 2021	UBS		—		(14,267	)		(14,267	)
Receive	Repsol SA	1-Month EUR LIBOR + 0.40%	Monthly	EUR		66,465	Dec 2021	UBS		—		(7,554	)		(7,554	)
Receive	Sealed Air Corp.	1-Month USD LIBOR + 0.40%	Monthly	USD		36,806	Dec 2021	UBS		—		(2,055	)		(2,055	)
Receive	Sherwin-Williams Company	1-Month USD LIBOR + 0.40%	Monthly	USD		44,720	Dec 2021	UBS		—		(13	)		(13	)
Receive	Singapore Exchange, Ltd.	1-Month SGD SIBOR + 0.45%	Monthly	SGD		80,557	Dec 2021	UBS		—		(2,990	)		(2,990	)
Receive	Sofina SA	1-Month EUR LIBOR + 0.40%	Monthly	EUR		46,431	Dec 2021	UBS		—		(1,869	)		(1,869	)
Receive	Spark New Zealand, Ltd.	1-Month NZD BBR + 0.45%	Monthly	NZD		81,045	Dec 2021	UBS		—		(2,358	)		(2,358	)

46     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Total return swaps (continued)

Pay/ receive total return*	Reference entity	Floating/ fixed rate	Payment frequency	Currency	Notional amount		Maturity date	Counterparty (OTC)	Unamortized upfront payment paid (received)		Unrealized appreciation (depreciation)			Value
Receive	State Street Corp.	1-Month USD LIBOR + 0.40%	Monthly	USD		56,037	Dec 2021	UBS		—		$(6,752	)		$(6,752	)
Receive	Universal Health Services, Inc.	1-Month USD LIBOR + 0.40%	Monthly	USD		33,137	Dec 2021	UBS		—		(938	)		(938	)
Receive	Ventas, Inc.	1-Month USD LIBOR + 0.40%	Monthly	USD		68,563	Dec 2021	UBS		—		(6,455	)		(6,455	)
Receive	Western Digital Corp.	1-Month USD LIBOR + 0.40%	Monthly	USD		86,678	Dec 2021	UBS		—		(638	)		(638	)
Receive	Woodside Petroleum, Ltd.	1-Month AUD BBSW + 0.45%	Monthly	AUD		133,690	Dec 2021	UBS		—		(5,241	)		(5,241	)
Receive	Allianz SE	1-Month EUR LIBOR + 0.40%	Monthly	EUR		45,427	Jan 2022	UBS		—		(3,642	)		(3,642	)
Receive	ANDRITZ AG	1-Month EUR LIBOR + 0.40%	Monthly	EUR		66,554	Jan 2022	UBS		—		(1,495	)		(1,495	)
Receive	Charter Communications, Inc.	1-Month USD LIBOR + 0.40%	Monthly	USD		57,957	Jan 2022	UBS		—		(3,020	)		(3,020	)
Receive	Deutsche Wohnen SE	1-Month EUR LIBOR + 0.40%	Monthly	EUR		72,711	Jan 2022	UBS		—		(2,571	)		(2,571	)
Receive	Essity AB	1-Month SEK STIBOR + 0.40%	Monthly	SEK		387,232	Jan 2022	UBS		—		(5,977	)		(5,977	)
Receive	Koninklijke Ahold Delhaize NV	1-Month EUR LIBOR + 0.40%	Monthly	EUR		171,467	Jan 2022	UBS		—		(8,959	)		(8,959	)
Receive	MetLife, Inc.	1-Month USD LIBOR + 0.40%	Monthly	USD		79,160	Jan 2022	UBS		—		(2,774	)		(2,774	)
Receive	Micron Technology, Inc.	1-Month USD LIBOR + 0.40%	Monthly	USD		114,060	Jan 2022	UBS		—		(3,535	)		(3,535	)
Receive	Neles OYJ	1-Month EUR LIBOR + 0.40%	Monthly	EUR		21,220	Jan 2022	UBS		—		(909	)		(909	)
Receive	Novozymes A/S	1-Month DKK CIBOR + 0.40%	Monthly	DKK		1,038,940	Jan 2022	UBS		—		(10,276	)		(10,276	)
Receive	Orion OYJ	1-Month EUR LIBOR + 0.40%	Monthly	EUR		72,816	Jan 2022	UBS		—		(4,204	)		(4,204	)

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     47

Total return swaps (continued)

Pay/ receive total return*

Reference entity

Floating/ fixed rate

Payment frequency

Currency

Notional amount

Maturity date

Counterparty (OTC)

Unamortized upfront payment paid (received)

Unrealized appreciation (depreciation)

Value

Receive

Swatch Group AG

1-Month CHF LIBOR + 0.40%

Monthly

CHF

175,978

Jan 2022

UBS

—

$(13,785

)

$(13,785

)

Receive

Sekisui House, Ltd.

1-Month JPY LIBOR + 0.45%

Monthly

JPY

6,618,438

Jan 2022

UBS

—

(2,524

)

(2,524

)

—

$876,766

$876,766

* Fund will pay or receive the total return of the reference asset depending on whether the return is positive or negative. For contracts where the fund has elected to receive the total return of the reference asset if positive, it will be responsible for paying the floating rate and the total return of the reference asset if negative. If the fund has elected to pay the total return of the reference asset if positive, it will receive the floating rate and the total return of the reference asset if negative.

Derivatives Currency Abbreviations
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
CHF	Swiss Franc
CNY	Chinese Yuan Renminbi
DKK	Danish Krone
EUR	Euro
GBP	Pound Sterling
HKD	Hong Kong Dollar
INR	Indian Rupee
JPY	Japanese Yen
KRW	Korean Won
MXN	Mexican Peso
NOK	Norwegian Krone
NZD	New Zealand Dollar
PLN	Polish Zloty
RUB	Russian Ruble
SEK	Swedish Krona
SGD	Singapore Dollar
TWD	New Taiwan Dollar
USD	U.S. Dollar
ZAR	South African Rand
Derivatives Abbreviations
BBR	Bank Bill Rate
BBSW	Bank Bill Swap Rate
BNP	BNP Paribas
CIBOR	Copenhagen Interbank Offered Rate
CORRA	Canadian Overnight Repo Rate Average
EURIBOR	Euro Interbank Offered Rate

48     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

HIBOR	Hong Kong Interbank Offered Rate
IBOC	Interbank Overnight Cash Rate
JPM	JPMorgan Chase Bank, N.A.
LIBOR	London Interbank Offered Rate
NIBOR	Norwegian Interbank Offered Rate
OBFR	Overnight Bank Funding Rate
OIS	Overnight Index Swap
OTC	Over-the-counter
SIBOR	Singapore Interbank Offered Rate
SOFR	Secured Overnight Financing Rate
SORA	Singapore Overnight Rate Average
STIBOR	Stockholm Interbank Offered Rate
UBS	UBS AG

At 10-31-20, the aggregate cost of investments for federal income tax purposes was $34,191,591. Net unrealized depreciation aggregated to $28,238, of which $686,653 related to gross unrealized appreciation and $714,891 related to gross unrealized depreciation.

See Notes to financial statements regarding investment transactions and other derivatives information.

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     49

Consolidated financial statements

CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES 10-31-20
Assets
Unaffiliated investments, at value (Cost $30,369,780)	$31,880,401
Swap contracts, at value (net unamortized upfront payment of $770,586)	2,167,973
Unrealized appreciation on forward foreign currency contracts	1,337,411
Receivable for futures variation margin	889,382
Cash	77,862,402
Collateral held at broker for futures contracts	6,916,839
Collateral segregated at custodian for OTC derivative contracts	5,861,822
Dividends and interest receivable	32,850
Receivable for investments sold	1,048,769
Other assets	33,885
Total assets	128,031,734
Liabilities
Unrealized depreciation on forward foreign currency contracts	666,141
Swap contracts, at value (net unamortized upfront payment of $(686,801))	1,427,091
Payable for collateral on OTC derivatives	469,341
Foreign currency overdraft, at value (cost $(5,411))	5,411
Payable for investments purchased	1,037,473
Payable for fund shares repurchased	41,880
Payable to affiliates
Accounting and legal services fees	4,517
Trustees’ fees	75
Other liabilities and accrued expenses	151,363
Total liabilities	3,803,292
Net assets	$124,228,442
Net assets consist of
Paid-in capital	$144,519,271
Total distributable earnings (loss)	(20,290,829	)
Net assets	$124,228,442
Net asset value per share
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value
Class R6 ($41,618 ÷ 5,000 shares)	$8.32
Class NAV ($124,186,824 ÷ 14,918,536 shares)	$8.32

50     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED STATEMENT OF OPERATIONS For the period ended 10-31-201
Investment income
Dividends	$667,269
Interest	340,093
Less foreign taxes withheld	(30,329	)
Total investment income	977,033
Expenses
Investment management fees	1,148,168
Accounting and legal services fees	23,028
Transfer agent fees	5
Trustees’ fees	2,231
Custodian fees	87,848
State registration fees	29,280
Printing and postage	19,676
Professional fees	292,970
Other	29,885
Total expenses	1,633,091
Less expense reductions	(8,044	)
Net expenses	1,625,047
Net investment loss	(648,014	)
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments and foreign currency transactions	(17,652,165	)
Futures contracts	(15,802,779	)
Forward foreign currency contracts	(353,428	)
Swap contracts	5,396,568
	(28,411,804	)
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments and translation of assets and liabilities in foreign currencies	1,477,960
Futures contracts	870,800
Forward foreign currency contracts	671,270
Swap contracts	657,097
	3,677,127
Net realized and unrealized loss	(24,734,677	)
Decrease in net assets from operations	$(25,382,691	)

¹  Period from 12-18-19 (commencement of operations) to 10-31-20.

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     51

CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS
	Period ended 10-31-201
Increase (decrease) in net assets
From operations
Net investment loss		$(648,014	)
Net realized loss		(28,411,804	)
Change in net unrealized appreciation (depreciation)		3,677,127
Decrease in net assets resulting from operations		(25,382,691	)
Distributions to shareholders
From earnings
Class R6		(18	)
Class NAV		(55,989	)
Total distributions		(56,007	)
From fund share transactions		149,667,140
Total increase		124,228,442
Net assets
Beginning of period		—
End of period		$124,228,442

¹  Period from 12-18-19 (commencement of operations) to 10-31-20.

52     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL HIGHLIGHTS
CLASS R6 SHARES	Period ended 10-31-201
Per share operating performance
Net asset value, beginning of period		$10.00
Net investment loss2		(0.04	)
Net realized and unrealized gain (loss) on investments		(1.64	)
Total from investment operations		(1.68	)
Less distributions
From net investment income		—	3
Net asset value, end of period		$8.32
Total return (%)4		(16.77	)5
Ratios and supplemental data
Net assets, end of period (in millions)		$—	6
Ratios (as a percentage of average net assets):
Expenses before reductions		1.44	7
Expenses including reductions		1.43	7
Net investment loss		(0.57	)7
Portfolio turnover (%)		318

¹  Period from 12-18-19 (commencement of operations) to 10-31-20.

²  Based on average daily shares outstanding.

³  Less than $0.005 per share.

⁴  Total returns would have been lower had certain expenses not been reduced during the period.

⁵  Not annualized.

⁶  Less than $500,000.

⁷  Annualized.

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     53

CONSOLIDATED FINANCIAL HIGHLIGHTS (continued)
CLASS NAV SHARES	Period ended 10-31-201
Per share operating performance
Net asset value, beginning of period		$10.00
Net investment loss2		(0.04	)
Net realized and unrealized gain (loss) on investments		(1.64	)
Total from investment operations		(1.68	)
Less distributions
From net investment income		—	3
Net asset value, end of period		$8.32
Total return (%)4		(16.67	)5
Ratios and supplemental data
Net assets, end of period (in millions)		$124
Ratios (as a percentage of average net assets):
Expenses before reductions		1.43	6
Expenses including reductions		1.42	6
Net investment loss		(0.57	)6
Portfolio turnover (%)		318

¹  Period from 12-18-19 (commencement of operations) to 10-31-20.

²  Based on average daily shares outstanding.

³  Less than $0.005 per share.

⁴  Total returns would have been lower had certain expenses not been reduced during the period.

⁵  Not annualized.

⁶  Annualized.

54     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

Notes to consolidated financial statements

Note 1 — Organization

John Hancock Alternative Risk Premia Fund (the fund) is a series of John Hancock Investment Trust (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective of the fund is to seek long-term positive absolute returns.

The fund may offer multiple classes of shares. The shares currently outstanding are detailed in the Consolidated statement of assets and liabilities. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class NAV shares are offered to John Hancock affiliated funds of funds, retirement plans for employees of John Hancock and/or Manulife Financial Corporation, and certain 529 plans. Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.

The fund commenced operations on December 18, 2019.

Basis of consolidation. The accompanying consolidated financial statements include the accounts of John Hancock Alternative Risk Premia Offshore Subsidiary Fund, Ltd. (the subsidiary), a Cayman Islands exempted company which was incorporated on January 4, 2019, a wholly-owned subsidiary of the fund. The fund and its subsidiary are advised by Unigestion (UK) Limited, (the subadvisor), under the supervision of John Hancock Investment Management LLC (the Advisor). The fund may gain exposure to the commodities markets by investing up to 25% of its total assets in the subsidiary. The subsidiary acts as an investment vehicle for the fund to enable the fund to obtain its commodity exposure by investing in commodity-linked derivative instruments. As of October 31, 2020, the net assets of the subsidiary were $28,038,708 representing 22.6% of the fund’s consolidated net assets. Intercompany accounts and transactions, if any, have been eliminated. The Consolidated Fund’s investments includes positions of the fund and the subsidiary.

The subsidiary primarily obtains its commodity exposure by investing in commodity-linked derivative instruments, which may include but are not limited to total return swaps, commodity (U.S. or foreign) futures and commodity-linked notes. Neither the fund nor the subsidiary intends to invest directly in physical commodities. The subsidiary may also invest in other instruments, including fixed-income securities, either as investments or to serve as margin or collateral for its swap positions, and foreign currency transactions (including forward contracts).

Note 2 — Significant accounting policies

The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the consolidated financial statements. Actual results could differ from those estimates and those differences could be significant. The fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of US GAAP.

Events or transactions occurring after the end of the fiscal period through the date that the consolidated financial statements were issued have been evaluated in the preparation of the consolidated financial statements. The following summarizes the significant accounting policies of the fund:

Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the fund’s Valuation Policies and Procedures.

In order to value the securities, the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Debt obligations are typically

ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     55

valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. Futures contracts are typically valued at the last traded price on the exchange on which they trade. Foreign equity index futures that trade in the electronic trading market subsequent to the close of regular trading may be valued at the last traded price in the electronic trading market as of 4:00 P.M. ET, or may be fair valued based on fair value adjustment factors provided by an independent pricing vendor in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE. Swaps are generally valued using evaluated prices obtained from an independent pricing vendor. Forward foreign currency contracts are valued at the prevailing forward rates which are based on foreign currency exchange spot rates and forward points supplied by an independent pricing vendor. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.

In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund’s Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the fund’s Pricing Committee, following procedures established by the Board of Trustees. The fund uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets 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, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund’s own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

56     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT

The following is a summary of the values by input classification of the Consolidated Fund’s investments as of October 31, 2020, by major security category or type:

		Total value at 10-31-20			Level 1 quoted price			Level 2 significant observable inputs		Level 3 significant unobservable inputs
Investments in securities:
Assets
Common stocks
Australia	$	1,399,597			—		$	1,399,597		—
Canada		1,526,696		$	1,526,696			—		—
Chile		95,100			—			95,100		—
China		64,585			—			64,585		—
Denmark		122,326			—			122,326		—
Ireland		331,772			331,772			—		—
Israel		147,287			147,287			—		—
Japan		2,779,065			—			2,779,065		—
Norway		134,939			—			134,939		—
Singapore		107,620			—			107,620		—
Sweden		946,059			—			946,059		—
United Kingdom		1,110,291			146,910			963,381		—
United States		8,034,644			8,034,644			—		—
Preferred securities		87,552			—			87,552		—
Short-term investments		14,992,868			—			14,992,868		—
Total investments in securities	$	31,880,401		$	10,187,309		$	21,693,092		—
Derivatives:
Assets
Futures	$	1,998,366		$	1,827,509		$	170,857		—
Forward foreign currency contracts		1,337,411			—			1,337,411		—
Swap contracts		2,167,973			—			2,167,973		—
Liabilities
Futures		(1,127,566	)		(1,124,285	)		(3,281	)	—
Forward foreign currency contracts		(666,141	)		—			(666,141	)	—
Swap contracts		(1,427,091	)		—			(1,427,091	)	—

Real estate investment trusts. The fund may invest in real estate investment trusts (REITs). Distributions from REITs may be recorded as income and subsequently characterized by the REIT at the end of the fiscal year as a reduction of cost of investments and/or as a realized gain. As a result, the fund will estimate the components of distributions from these securities. Such estimates are revised when the actual components of the distributions are known.

Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Interest income includes coupon interest and amortization/accretion of premiums/discounts on debt securities. Debt obligations may be placed in a non-accrual status and related interest income may be reduced by stopping current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful. Dividend income is recorded on the ex-date, except for dividends of certain foreign securities where the dividend may not be known

ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     57

until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.

Foreign investing. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is reflected as a component of the realized and unrealized gains (losses) on investments. Foreign investments are subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.

Funds that invest internationally generally carry more risk than funds that invest strictly in U.S. securities. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors.

Foreign taxes. The fund may be subject to withholding tax on income, capital gains or repatriations imposed by certain countries, a portion of which may be recoverable. Foreign taxes are accrued based upon the fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued based on gains realized by the fund as a result of certain foreign security sales. In certain circumstances, estimated taxes are accrued based on unrealized appreciation of such securities. Investment income is recorded net of foreign withholding taxes.

Overdraft. The fund may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the fund’s custodian agreement, the custodian may loan money to the fund to make properly authorized payments. The fund is obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.

Line of credit. Effective June 25, 2020, the fund and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, the fund can borrow up to an aggregate commitment amount of $850 million, subject to asset coverage and other limitations as specified in the agreement. Each participating fund paid an upfront fee in connection with this line of credit agreement, which is charged based on a combination of fixed and asset-based allocations and amortized over 365 days. Prior to June 25, 2020, the fund and other affiliated funds had a similar agreement that enabled them to participate in a $750 million unsecured committed line of credit. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of the line of credit, is charged to each participating fund based on a combination of fixed and asset-based allocations and is reflected in Other expenses on the Consolidated statement of operations. For the period ended October 31, 2020, the fund had no borrowings under the line of credit. Commitment fees, including upfront fees, for the period ended October 31, 2020 were $2,875.

Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund’s relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

58     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT

Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the fund level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.

Federal income taxes. The fund intends to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

For federal income tax purposes, as of October 31, 2020, the fund has a short-term capital loss carryforward of $13,812,675 and a long-term capital loss carryforward of $6,429,135 available to offset future net realized capital gains. This carryforward does not expire.

As of October 31, 2020, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund’s federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.

Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The fund generally declares and pays dividends annually. Capital gain distributions, if any, are typically distributed annually.

The tax character of distributions for the period ended October 31, 2020 was as follows:

	October 31, 2020
Ordinary income	$56,007

Distributions paid by the fund with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class. As of October 31, 2020, there were no distributable earnings on a tax basis.

Such distributions and distributable earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund’s consolidated financial statements as a return of capital.

Capital accounts within the consolidated financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to wash sale loss deferrals, net operating losses, foreign currency transactions, derivative transactions and investments in passive foreign investment companies.

Net income and realized gains from investments held by the subsidiary are treated as ordinary income for tax purposes. If a net loss is realized by the subsidiary in any taxable year, the loss will generally not be available to offset the fund’s ordinary income and/or capital gains for that year.

Note 3 — Derivative instruments

The fund or its subsidiary may invest in derivatives in order to meet its investment objective. Derivatives include a variety of different instruments that may be traded in the over-the-counter (OTC) market, on a regulated exchange or through a clearing facility. The risks in using derivatives vary depending upon the structure of the instruments, including the use of leverage, optionality, the liquidity or lack of liquidity of the contract, the creditworthiness of the counterparty or clearing organization and the volatility of the position. Some derivatives involve risks that are potentially greater than the risks associated with investing directly in the referenced securities or other referenced underlying instrument. Specifically, the fund is exposed to the risk that the counterparty to an OTC derivatives contract will be unable or unwilling to make timely settlement payments or otherwise honor its obligations. OTC derivatives transactions typically can only be closed out with the other party to the transaction.

ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     59

Derivatives which are typically traded through the OTC market are regulated by the Commodity Futures Trading Commission (the CFTC). Derivative counterparty risk is managed through an ongoing evaluation of the creditworthiness of all potential counterparties and, if applicable, designated clearing organizations. The fund attempts to reduce its exposure to counterparty risk for derivatives traded in the OTC market, whenever possible, by entering into an International Swaps and Derivatives Association (ISDA) Master Agreement with each of its OTC counterparties. The ISDA gives each party to the agreement the right to terminate all transactions traded under the agreement if there is certain deterioration in the credit quality or contractual default of the other party, as defined in the ISDA. Upon an event of default or a termination of the ISDA, the non-defaulting party has the right to close out all transactions and to net amounts owed.

As defined by the ISDA, the fund or its subsidiary may have collateral agreements with certain counterparties to mitigate counterparty risk on OTC derivatives. Subject to established minimum levels, collateral for OTC transactions is generally determined based on the net aggregate unrealized gain or loss on contracts with a particular counterparty. Collateral pledged to the fund, if any, is held in a segregated account by a third-party agent or held by the custodian bank for the benefit of the fund and can be in the form of cash or debt securities issued by the U.S. government or related agencies; collateral posted by the fund, if any, for OTC transactions is held in a segregated account at the fund’s custodian and is noted in the accompanying Consolidated Fund’s investments, or if cash is posted, on the Consolidated statement of assets and liabilities. The fund’s risk of loss due to counterparty risk is equal to the asset value of outstanding contracts offset by collateral received.

Certain derivatives are traded or cleared on an exchange or central clearinghouse. Exchange-traded or centrally-cleared transactions generally present less counterparty risk to a fund than OTC transactions. The exchange or clearinghouse stands between the fund and the broker to the contract and therefore, credit risk is generally limited to the failure of the exchange or clearinghouse and the clearing member.

Futures. A futures contract is a contractual agreement to buy or sell a particular currency or financial instrument at a pre-determined price in the future. Futures are traded on an exchange and cleared through a central clearinghouse. 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 the underlying financial instrument and potential losses in excess of the amounts recognized on the Consolidated statement of assets and liabilities. Use of long futures contracts subjects the fund to the risk of loss up to the notional value of the futures contracts. Use of short futures contracts subjects the fund to unlimited risk of loss.

Upon entering into a futures contract, the fund or the subsidiary is required to deposit initial margin with the broker in the form of cash or securities. The amount of required margin is set by the broker and is generally based on a percentage of the contract value. The margin deposit must then be maintained at the established level over the life of the contract. Cash that has been pledged by the fund or the subsidiary is detailed in the Consolidated statement of assets and liabilities as Collateral held at broker for futures contracts. Securities pledged by the fund, if any, are identified in the Consolidated Fund’s investments. Subsequent payments, referred to as variation margin, are made or received by the fund periodically and are based on changes in the market value of open futures contracts. Futures contracts are marked-to-market daily and unrealized gain or loss is recorded by the fund. Receivable for futures variation margin is included on the Consolidated statement of assets and liabilities. When the contract is closed, the fund records a realized gain or loss 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.

During the period ended October 31, 2020, the fund or the subsidiary used futures contracts to gain exposure to treasuries market, foreign bond market, foreign currency and certain securities markets. The fund and its subsidiary held futures contracts with USD notional values ranging from $145.6 million to $249.0 million, as measured at each quarter end.

Forward foreign currency contracts. A forward foreign currency contract is an agreement between two parties to buy and sell specific currencies at a price that is set on the date of the contract. The forward contract calls for delivery of the currencies on a future date that is specified in the contract. Forwards are typically traded

60     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT

OTC. 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 if applicable, and the risk that currency movements will not favor the fund thereby reducing the fund’s total return, and the potential for losses in excess of the amounts recognized on the Consolidated statement of assets and liabilities.

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 October 31, 2020, the fund used forward foreign currency contracts to gain exposure to currencies. The fund held forward foreign currency contracts with USD notional values ranging from $104.8 million to $337.6 million, as measured at each quarter end.

Swaps. Swap agreements are agreements between the fund and a counterparty to exchange cash flows, assets, foreign currencies or market-linked returns at specified intervals. Swap agreements are privately negotiated in the OTC market (OTC swaps) or may be executed on a registered commodities exchange (centrally cleared 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 impose collateral posting obligations on the party that is considered out-of-the-money on the swap.

Upfront payments made/received by the fund, if any, are amortized/accreted for financial reporting purposes, with the unamortized/unaccreted portion included in the Consolidated statement of assets and liabilities. A termination payment by the counterparty or the fund is recorded as realized gain or loss, as well as the net periodic payments received or paid by the fund.

Entering into swap agreements involves, to varying degrees, elements of credit, market and documentation risk that may provide outcomes that are in excess of the amounts recognized on the Consolidated statement of assets and liabilities. 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. In addition to interest rate risk, market risks may also impact the swap. The fund may also suffer losses if it is unable to terminate or assign outstanding swaps or reduce its exposure through offsetting transactions.

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 contingent payments that are specified within the credit default agreement. The 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 could be significant, but would typically be reduced by any recovery value on the underlying credit.

Credit default swaps — Buyer

During the period ended October 31, 2020, the fund used credit default swap contracts as a buyer to gain exposure to a security or credit index. The fund held credit default swaps with total USD notional amounts ranging from $3.7 million to $64.1 million, as measured at each quarter end.

Credit default swaps — Seller

Implied credit spreads are utilized in determining the market value of CDS agreements in which the 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

ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     61

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 creditworthiness and an increased risk of default or other credit event occurring as defined under the terms of the agreement.

For CDS agreements where implied credit spreads are not reported or available, the average credit rating on the underlying index is shown. A deterioration of the referenced entity’s creditworthiness would indicate a greater likelihood of a credit event occurring and result in increasing market values, in absolute terms when compared to the notional amount of the swap. The maximum potential amount of future payments (undiscounted) that the fund as the Seller could be required to make under any CDS agreement equals the notional amount of the agreement.

During the period ended October 31, 2020, the fund used credit default swap contracts as a seller to gain exposure to a security or credit index. The fund held credit default swaps with total USD notional amounts ranging from $9.5 million to $61.6 million, as measured at each quarter end.

Total Return Swaps. The fund may enter into total return swap contracts to obtain synthetic exposure to a specific reference asset or index without owning, taking physical custody of, or short selling the underlying assets. Total return swaps are commitments where one party pays a fixed or variable rate premium (the Buyer) in exchange for a market-linked return (the Seller). The Seller pays the total return of a specific reference asset or index and in return receives interest payments from the Buyer. To the extent the total return of the underlying asset or index exceeds or falls short of the offsetting interest rate obligation, the Buyer will receive or make a payment to the Seller. A fund may enter into total return swaps in which it may act as either the Buyer or the Seller. Total return swap contracts are subject to the risk associated with the investment in the underlying reference asset or index. The risk in the case of short total return swap contracts is unlimited based on the potential for unlimited increases in the market value of the underlying reference asset or index.

During the period ended October 31, 2020, the fund used total return swaps to gain exposure to an underlying asset. The fund held total return swaps with total USD notional amounts ranging from $36.6 million to $64.3 million, as measured at each quarter end.

Fair value of derivative instruments by risk category

The table below summarizes the fair value of derivatives held by the fund and its subsidiary at October 31, 2020 by risk category:

Risk	Consolidated statement of assets and liabilities location	Financial instruments location	Assets derivatives fair value	Liabilities derivatives fair value
Interest rate	Receivable/payable for futures variation margin	Futures	$477,263	$(374,328)
Currency	Receivable/payable for futures variation margin	Futures	152,458	(262,880)
Equity	Receivable/payable for futures variation margin	Futures	1,368,645	(490,358)
		Forward foreign
	Unrealized appreciation / depreciation on forward	currency
Currency	foreign currency contracts	contracts	1,337,411	(666,141)
		Credit default
Credit	Swap contracts, at value	swaps	518,873	(654,757)
		Total return
Equity	Swap contracts, at value	swaps	1,649,100	(772,334)
			$5,503,750	$(3,220,798)

62     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT

For financial reporting purposes, the fund and its subsidiary do not offset OTC derivative assets or liabilities that are subject to master netting arrangements, as defined by the ISDAs, in the Consolidated statement of assets and liabilities. In the event of default by the counterparty or a termination of the agreement, the ISDA allows an offset of amounts across the various transactions between the fund and the applicable counterparty. The tables below reflect the fund’s exposure to OTC derivative transactions and exposure to counterparties subject to an ISDA:

OTC Financial Instruments	Asset		Liability
Forward foreign currency contracts		$1,337,411		$(666,141	)
Swap contracts		2,167,973		(1,427,091	)
Totals		$3,505,384		$(2,093,232	)

Counterparty	Total Market Value of OTC Derivatives			Collateral Posted by Counterparty 1		Collateral Posted by Fund 1		Net Exposure
BNP Paribas		$789,514			—		—		$789,514
JPMorgan Chase Bank, N.A.		(266,247	)		—		$266,247		—
UBS AG		888,885			—		—		888,885
Totals		$1,412,152			—		$266,247		$1,678,399

¹ Reflects collateral posted by the counterparty or posted by the fund, excluding any excess collateral amounts.

Effect of derivative instruments on the Consolidated statement of operations

The table below summarizes the net realized gain (loss) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the period ended October 31, 2020:

	Consolidated statement of operations location - Net realized gain (loss) on:
Risk	Futures contracts			Forward foreign currency contracts			Swap contracts			Total
Interest rate		$(5,416,861	)		—			—			$(5,416,861	)
Currency		(1,470,210	)		$(353,428	)		—			(1,823,638	)
Credit		—			—			$(373,461	)		(373,461	)
Equity		(8,915,708	)		—			5,770,029			(3,145,679	)
Total		$(15,802,779	)		$(353,428	)		$5,396,568			$(10,759,639	)

The table below summarizes the net change in unrealized appreciation (depreciation) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the period ended October 31, 2020:

	Consolidated statement of operations location - Change in net unrealized  appreciation (depreciation) of:
Risk	Futures contracts			Forward foreign currency contracts		Swap contracts			Total
Interest rate		$102,935			—		—			$102,935
Currency		(110,422	)		$671,270		—			560,848
Credit		—			—		$(219,669	)		(219,669	)
Equity		878,287			—		876,766			1,755,053
Total		$870,800			$671,270		$657,097			$2,199,167

ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     63

Note 4 — Guarantees and indemnifications

Under the Trust’s organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the fund. Additionally, in the normal course of business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.

Note 5 — Fees and transactions with affiliates

The Advisor serves as investment advisor for the fund. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the fund. The Advisor and the Distributor are indirect, principally owned subsidiaries of Manulife Financial Corporation.

Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor equivalent on an annual basis to the sum of: (a) 1.000% of the first $500 million of the fund’s average daily net assets; (b) 0.950% of the next $500 million of the fund’s average daily net assets; (c) 0.900% of the next $500 million of the fund’s average daily net assets and (d) when average net assets exceed $1.5 billion on any day, the annual rate of advisory fee for that day is 0.900% on all net assets. The Advisor has a subadvisory agreement with the subadvisor. The fund is not responsible for payment of the subadvisory fees.

The Advisor provides investment management and other services to the subsidiary. The Advisor does not receive separate compensation from the subsidiary for providing investment management or administrative services. However, the fund pays the Advisor based on the fund’s net assets, which include the assets of the subsidiary.

The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the period ended October 31, 2020, this waiver amounted to 0.01% of the fund’s average daily net assets, on an annualized basis. This arrangement expires on July 31, 2022, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

For the period ended October 31, 2020, the expense reductions described above amounted to the following:

Class	Expense reduction
Class R6		$3
Class NAV		8,041
Total		$8,044

Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.

The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the period ended October 31, 2020, were equivalent to a net annual effective rate of 0.99% of the fund’s average daily net assets.

Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the period ended October 31, 2020, amounted to an annual rate of 0.02% of the fund’s average daily net assets.

64     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT

Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.

Class level expenses. Class level expenses for the period ended October 31, 2020 were as follows:

Class	Transfer agent fees
Class R6		$5

Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to the fund based on its net assets relative to other funds within the John Hancock group of funds complex.

Note 6 — Fund share transactions

Transactions in fund shares for the period ended October 31, 2020 were as follows:

	Period ended 10-31-201
	Shares			Amount
Class R6 shares
Sold		5,000			$50,000
Net increase		5,000			$50,000
Class NAV shares
Sold		15,925,769			$158,503,058
Distributions reinvested		5,627			55,989
Repurchased		(1,012,860	)		(8,941,907	)
Net increase		14,918,536			$149,617,140
Total net increase		14,923,536			$149,667,140

¹ Period from 12-18-19 (commencement of operations) to 10-31-20.

Affiliates of the fund owned 100% and 100% of shares of Class R6 and Class NAV, respectively, on October 31, 2020. Such concentration of shareholders’ capital could have a material effect on the fund if such shareholders redeem from the fund.

Note 7 — Purchase and sale of securities

Purchases and sales of securities, other than short-term investments, amounted to $119,086,780 and $88,372,684, respectively, for the period ended October 31, 2020.

ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     65

Note 8 — Investment by affiliated funds

Certain investors in the fund are affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the fund for the purpose of exercising management or control; however, this investment may represent a significant portion of the fund’s net assets. At October 31, 2020, funds within the John Hancock group of funds complex held 100.0% of the fund’s net assets. The following fund(s) had an affiliate ownership of 5% or more of the fund’s net assets:

Fund	Affiliated Concentration
John Hancock Funds II Multimanager Lifestyle Conservative Portfolio		21.3%
John Hancock Funds II Alternative Asset Allocation		21.2%
John Hancock Funds II Multimanager Lifestyle Moderate Portfolio		20.5%
John Hancock Funds II Multimanager 2025 Lifetime Portfolio		6.9%
John Hancock Funds II Multimanager 2030 Lifetime Portfolio		6.8%
John Hancock Funds II Multimanager 2035 Lifetime Portfolio		5.2%

Note 9 — LIBOR discontinuation risk

LIBOR (London Interbank Offered Rate) is a measure of the average interest rate at which major global banks can borrow from one another. Following allegations of rate manipulation and concerns regarding its thin liquidity, in July 2017, the U.K. Financial Conduct Authority, which regulates LIBOR, announced that it will stop encouraging banks to provide the quotations needed to sustain LIBOR after 2021. This event will likely cause LIBOR to cease to be published. Before then, it is expected that market participants will transition to the use of different reference or benchmark rates. However, although regulators have suggested alternative rates, there is currently no definitive information regarding the future utilization of LIBOR or of any replacement rate.

It is uncertain what impact the discontinuation of LIBOR will have on the use of LIBOR as a reference rate for securities in which the fund invests. It is expected that market participants will amend financial instruments referencing LIBOR to include fallback provisions and other measures that contemplate the discontinuation of LIBOR or other similar market disruption events, but neither the effect of the transition process nor the viability of such measures is known. In addition, there are obstacles to converting certain longer term securities and transactions to a new benchmark or benchmarks and the effectiveness of one alternative reference rate versus multiple alternative reference rates in new or existing financial instruments and products has not been determined. As market participants transition away from LIBOR, LIBOR’s usefulness may deteriorate, which could occur prior to the end of 2021. The transition process may lead to increased volatility and illiquidity in markets that currently rely on LIBOR to determine interest rates. LIBOR’s deterioration may adversely affect the liquidity and/or market value of securities that use LIBOR as a benchmark interest rate.

Note 10 — Coronavirus (COVID-19) pandemic

The novel COVID-19 disease has resulted in significant disruptions to global business activity. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, impact the ability to complete redemptions, and affect fund performance.

Note 11 — New accounting pronouncement

In March 2020, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU), ASU 2020-04, which provides optional, temporary relief with respect to the financial reporting of contracts subject to certain types of modifications due to the planned discontinuation of the LIBOR and other IBOR-based reference rates as of the end of 2021. The temporary relief provided by ASU 2020-04 is effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management is currently evaluating the potential impact of ASU 2020-04 to the financial statements.

66     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of John Hancock Investment Trust and Shareholders of John Hancock Alternative Risk Premia Fund

Opinion on the Financial Statements

We have audited the accompanying consolidated statement of assets and liabilities, including the consolidated fund’s investments, of John Hancock Alternative Risk Premia Fund and its subsidiary (one of the funds constituting John Hancock Investment Trust, referred to hereafter as the “Fund”) as of October 31, 2020, and the related consolidated statements of operations and changes in net assets, including the related notes, and the consolidated financial highlights for the period December 18, 2019 (commencement of operations) through October 31, 2020 (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2020, and the results of its operations, changes in its net assets, and the financial highlights for the period December 18, 2019 (commencement of operations) through October 31, 2020 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These consolidated financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s consolidated financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit of these consolidated financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud.

Our audit included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian and brokers. We believe that our audit provides a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 16, 2020

We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.

ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     67

Tax information (Unaudited)

For federal income tax purposes, the following information is furnished with respect to the distributions of the fund, if any, paid during its taxable year ended October 31, 2020.

The fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.

The fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

The fund reports the maximum amount allowable of its Section 199A dividends as defined in Proposed Treasury Regulation §1.199A-3(d).

Eligible shareholders will be mailed a 2020 Form 1099-DIV in early 2021. This will reflect the tax character of all distributions paid in calendar year 2020.

Please consult a tax advisor regarding the tax consequences of your investment in the fund.

68     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT

Continuation of Investment Advisory and Subadvisory Agreements

Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees

This section1 describes the evaluation by the Board of Trustees (the Board) of John Hancock Investment Trust (the Trust) of the Advisory Agreement (the Advisory Agreement) with John Hancock Investment Management LLC (the Advisor) and the Subadvisory Agreement (the Subadvisory Agreement) with Unigestion (UK) Limited (the Subadvisor), for John Hancock Alternative Risk Premia Fund (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 23-25, 2020 telephonic2 meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a telephonic meeting held on May 26-27, 2020.

Approval of Advisory and Subadvisory Agreements

At a telephonic meeting held on June 23-25, 2020, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees), reapproved for an annual period the continuation of the Advisory Agreement between the Trust and the Advisor and the Subadvisory Agreement between the Advisor and the Subadvisor with respect to the fund.

In considering the Advisory Agreement and the Subadvisory Agreement, the Board received in advance of the meetings a variety of materials relating to the fund, the Advisor and the Subadvisor, including comparative performance information for a peer group of similar funds, performance information for an applicable benchmark index; and, with respect to the Subadvisor, comparative performance information for comparably managed accounts, as applicable, and other information provided by the Advisor and the Subadvisor regarding the nature, extent and quality of services provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor’s revenues and costs of providing services to the fund and any compensation paid to affiliates of the Advisor. The Board considered certain of this information when it initially considered the fund’s Agreements at its June 24-26, 2019 meeting. At the meetings at which the renewal of the Advisory Agreement and Subadvisory Agreement are considered, particular focus is given to information concerning fund performance, comparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisor is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to the fund, including quarterly performance reports prepared by management containing reviews of investment results and prior presentations from the Subadvisor with respect to the fund. The information received and considered by the Board in connection with the May and June meetings and throughout the year was both written and oral. The Board also considered the nature, quality, and extent of non-advisory services, if any, to be provided to the fund by the Advisor’s affiliates, including distribution services. The Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services to the fund.

¹The fund invests in a wholly owned subsidiary of the fund organized as a company under the laws of the Cayman Islands, John Hancock Alternative Risk Premia Offshore Subsidiary Fund Ltd. (the “Cayman Subsidiary”). The Cayman Subsidiary has separate, equivalent agreements with the Advisor and Subadvisor. Neither the Advisor or the Subadvisor is entitled to additional compensation under its separate agreements with the Cayman Subsidiary.

²On March 25, 2020, as a result of health and safety measures put in place to combat the global COVID-19 pandemic, the Securities and Exchange Commission issued an exemptive order (the “Order”) pursuant to Sections 6(c) and 38(a) of the Investment Company Act of 1940, as amended (the “1940 Act”), that temporarily exempts registered investment management companies from the in-person voting requirements under the 1940 Act, subject to certain requirements, including that votes taken pursuant to the Order are ratified at the next in-person meeting. The Board determined that reliance on the Order was necessary or appropriate due to the circumstances related to current or potential effects of COVID-19 and therefore, the Board’s May and June meetings were held telephonically in reliance on the Order.

ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     69

Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from their independent legal counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.

Approval of Advisory Agreement

In approving the Advisory Agreement with respect to the fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets, and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board’s conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board’s ongoing regular review of fund performance and operations throughout the year.

Nature, extent, and quality of services. Among the information received by the Board from the Advisor relating to the nature, extent, and quality of services provided to the fund, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor’s compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust’s Chief Compliance Officer (CCO) regarding the fund’s compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the fund’s compliance programs, risk management programs, liquidity management programs and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the fund, including, but not limited to, general supervision of and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and other third-party service providers. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the fund including entrepreneurial risk in sponsoring new funds and ongoing risks including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all funds.

In considering the nature, extent, and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor’s management and the quality of the performance of the Advisor’s duties, through Board meetings, discussions and reports during the preceding year and through each Trustee’s experience as a Trustee of the Trust and of the other trusts in the John Hancock group of funds complex (the John Hancock Fund Complex).

In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:

(a) the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues;

(b) the background, qualifications and skills of the Advisor’s personnel;

(c) the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments;

70     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT

(d) the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund;

(e) the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund;

(f) the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and

(g) the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments.

The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the fund.

Investment performance. In considering the fund’s performance, the Board noted that it reviews at its regularly scheduled meetings information about the fund’s performance results. In connection with the consideration of the Advisory Agreement, the Board:

(a) reviewed information prepared by management regarding the fund’s performance;

(b) considered the comparative performance of an applicable benchmark index;

(c) considered the performance of comparable funds, if any; and

(d) took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally.

The Board noted that because the fund recently commenced investment operations, it was not practicable to make meaningful performance comparisons to other funds. Nevertheless, the Board reviewed data provided by management and noted the fund’s performance since January 1, 2020, as well as the performance of the fund’s benchmark and peer group. The Board concluded that the fund’s performance is being monitored and reasonably addressed, where appropriate. The Board noted the relatively recent inception period of the fund.

Fees and expenses. The Board took into account management’s discussion of the fund’s expenses. The Board also took into account management’s discussion with respect to the overall management fee and the fees of the Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fee, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that the Advisor pays the subadvisory fee, and that such fees are negotiated at arm’s length with respect to the Subadvisor. In addition, the Board took into account that management had agreed to implement an overall fee waiver across the complex, including the fund, which is discussed further below. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to the fund and that the fund has breakpoints in its contractual management fee schedule that reduce management fees as assets increase. The Board reviewed information provided by the Advisor concerning the investment advisory fee charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the John Hancock Fund Complex) having similar investment mandates, if any. The Board considered any differences between the Advisor’s and Subadvisor’s services to the fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fee paid with respect to the fund is reasonable in light of the nature, extent and quality of the services provided to the fund under the Advisory Agreement.

Profitability/Fall out benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates from the Advisor’s relationship with the Trust, the Board:

ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     71

(a) reviewed financial information of the Advisor;

(b) received and reviewed profitability information with respect to the John Hancock Fund Complex;

(c) received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies;

(d) considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board;

(e) considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement;

(f) noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund;

(g) noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund;

(h) noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length;

(i) considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and

(j) considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk.

Based upon its review, the Board concluded that the level of profitability, if any, of the Advisor and its affiliates from their relationship with the fund was reasonable and not excessive.

Economies of scale. In considering the extent to which economies of scale would be realized as the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders, the Board:

(a) considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund;

(b) reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and

72     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT

(c) the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale.

Approval of Subadvisory Agreement

In making its determination with respect to approval of the Subadvisory Agreement, the Board reviewed:

(1) information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex);

(2) the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds;

(3) the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third-party provider of fund data; and

(4) information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor.

Nature, extent, and quality of services. With respect to the services provided by the Subadvisor, the Board received information provided to the Board by the Subadvisor, including the Subadvisor’s Form ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor’s current level of staffing and its overall resources, as well as received information relating to the Subadvisor’s compensation program. The Board reviewed the Subadvisor’s history and investment experience, as well as information regarding the qualifications, background, and responsibilities of the Subadvisor’s investment and compliance personnel who provide services to the fund. The Board also considered, among other things, the Subadvisor’s compliance program and any disciplinary history. The Board also considered the Subadvisor’s risk assessment and monitoring process. The Board reviewed the Subadvisor’s regulatory history, including whether it was involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular, periodic reviews of the Subadvisor and its operations, including regarding investment processes and organizational and staffing matters. The Board also noted that the Trust’s CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.

The Board considered the Subadvisor’s investment process and philosophy. The Board took into account that the Subadvisor’s responsibilities include the development and maintenance of an investment program for the fund that is consistent with the fund’s investment objective, the selection of investment securities and the placement of orders for the purchase and sale of such securities, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to the Subadvisor’s brokerage policies and practices, including with respect to best execution and soft dollars.

Subadvisor compensation. In considering the cost of services to be provided by the Subadvisor and the profitability to the Subadvisor of its relationship with the fund, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the fund.

The Board also relied on the ability of the Advisor to negotiate the Subadvisory Agreement with the Subadvisor, which is not affiliated with the Advisor, and the fees thereunder at arm’s length. As a result, the costs of the services to be provided and the profits to be realized by the Subadvisor from its relationship with the Trust were not a material factor in the Board’s consideration of the Subadvisory Agreement.

ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     73

The Board also received information regarding the nature and scope (including their significance to the Advisor and its affiliates and to the Subadvisor) of any material relationships with respect to the Subadvisor, which include arrangements in which the Subadvisor or its affiliates provide advisory, distribution, or management services in connection with financial products sponsored by the Advisor or its affiliates, and may include other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans. The Board also received information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.

In addition, the Board considered other potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor’s relationship with the fund, such as the opportunity to provide advisory services to additional funds in the John Hancock Fund Complex and reputational benefits.

Subadvisory fees. The Board considered that the fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the fund and compared them to fees charged by the Subadvisor to manage other subadvised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.

Subadvisor performance. As noted above, the Board considered the fund’s performance as compared to the fund’s peer group and the benchmark index and noted that the Board reviews information about the fund’s performance results at its regularly scheduled meetings. The Board noted the Advisor’s expertise and resources in monitoring the performance, investment style and risk-adjusted performance of the Subadvisor. The Board was mindful of the Advisor’s focus on the Subadvisor’s performance. The Board also noted the Subadvisor’s long-term performance record for similar accounts, as applicable.

The Board’s decision to approve the Subadvisory Agreement was based on a number of determinations, including the following:

(1) the Subadvisor has extensive experience and demonstrated skills as a manager;

(2) the performance of the fund is being monitored and reasonably addressed, where appropriate, and that the fund has a very limited performance history;

(3) the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and

(4) noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows.

*  *  *

Based on the Board’s evaluation of all factors that the Board deemed to be material, including those factors described above, the Board, including the Independent Trustees, concluded that renewal of the Advisory Agreement and the Subadvisory Agreement would be in the best interest of the fund and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreement for an additional one-year period.

74     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT

Trustees and Officers

This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the fund and execute policies formulated by the Trustees.

Independent Trustees

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Hassell H. McClellan, Born: 1945	2012		196

Trustee and Chairperson of the Board

Director/Trustee, Virtus Funds (since 2008); Director, The Barnes Group (since 2010); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex.

Charles L. Bardelis,² Born: 1941 2012     196

Trustee

Director, Island Commuter Corp. (marine transport). Trustee, John Hancock Collateral Trust (since 2014), Trustee of various trusts within the John Hancock Fund Complex (since 1988).

James R. Boyle, Born: 1959 2015     196

Trustee

Chief Executive Officer, Foresters Financial (since 2018); Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (2014-2018); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014–July 2014); Senior Executive Vice President, Manulife Financial, President and Chief Executive Officer, John Hancock (1999–2012); Chairman and Director, John Hancock Investment Management LLC, John Hancock Investment Management Distributors LLC, and John Hancock Variable Trust Advisers LLC (2005–2010). Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).

Peter S. Burgess,² Born: 1942 2012     196

Trustee

Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (since 2004); Director, Symetra Financial Corporation (2010–2016); Director, PMA Capital Corporation (2004–2010). Trustee of various trusts within the John Hancock Fund Complex (since 2005).

William H. Cunningham, Born: 1944 1986     196

Trustee

Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009–2014). Trustee of various trusts within the John Hancock Fund Complex (since 1986).

Grace K. Fey, Born: 1946 2012     196

Trustee

Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     75

Independent Trustees (continued)

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Deborah C. Jackson, Born: 1952	2008		196

Trustee

President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Massachusetts Women’s Forum (since 2018); Board of Directors, National Association of Corporate Directors/New England (since 2015); Board of Directors, Association of Independent Colleges and Universities of Massachusetts (2014-2017); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996–2009); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

James M. Oates,² Born: 1946 2012     196

Trustee

Managing Director, Wydown Group (financial consulting firm) (since 1994); Chairman and Director, Emerson Investment Management, Inc. (2000-2015); Independent Chairman, Hudson Castle Group, Inc. (formerly IBEX Capital Markets, Inc.) (financial services company) (1997–2011); Director, Stifel Financial (since 1996); Director, Investor Financial Services Corporation (1995–2007); Director, Connecticut River Bancorp (1998-2014); Director/Trustee, Virtus Funds (since 1988). Trustee (since 2004) and Chairperson of the Board (2005-2016) of various trusts within the John Hancock Fund Complex.

Steven R. Pruchansky, Born: 1944 1994     196

Trustee and Vice Chairperson of the Board

Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (since 2014); Director and President, Greenscapes of Southwest Florida, Inc. (2000-2014); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex.

Frances G. Rathke,^2,* Born: 1960 2020     196

Trustee

Director, Northern New England Energy Corporation (since 2017); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director, Audit Committee Chair and Compensation Committee Member, Planet Fitness (since 2016); Director, Citizen Cider, Inc. (high-end hard cider and hard seltzer company) (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015); Independent Financial Consultant, Frances Rathke Consulting (strategic and financial consulting services) (2001-2003); Chief Financial Officer and Secretary, Ben & Jerry’s Homemade, Inc. (1989-2000, including prior positions); Senior Manager, Coopers & Lybrand, LLC (independent public accounting firm) (1982-1989). Trustee of various trusts within the John Hancock Fund Complex (since 2020).

76     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT

Independent Trustees (continued)

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Gregory A. Russo, Born: 1949	2009		196

Trustee

Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018) and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986–1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989–1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990–1995). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

Non-Independent Trustees³

Name, year of birth Position(s) held with Trust Principal occupation(s) and other directorships during past 5 years	Trustee of the Trust since	1	Number of John Hancock funds overseen by Trustee
Andrew G. Arnott, Born: 1971	2017		196

President and Non-Independent Trustee

Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Executive Vice President, John Hancock Financial Services (since 2009, including prior positions); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).

Marianne Harrison, Born: 1963 2018     196

Non-Independent Trustee

President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary’s General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013- 2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013). Trustee of various trusts within the John Hancock Fund Complex (since 2018).

ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     77

Principal officers who are not Trustees
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Officer of the Trust since
Charles A. Rizzo, Born: 1957		2007
Chief Financial Officer
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007).
Salvatore Schiavone, Born: 1965		2010
Treasurer
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions).
Christopher (Kit) Sechler, Born: 1973		2018
Chief Legal Officer and Secretary
Vice President and Deputy Chief Counsel, John Hancock Investments (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investments; Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2018); Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009).
Trevor Swanberg, Born: 1979		2020
Chief Compliance Officer
Chief Compliance Officer, various trusts within the John Hancock Fund Complex, John Hancock Investment Management LLC, and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2018–2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, various trusts within the John Hancock Fund Complex (2016–2018); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016).

The business address for all Trustees and Officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023.

The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-5291.

¹  Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table.

²  Member of the Audit Committee.

³  The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

^*  Appointed as Independent Trustee effective as of September 15, 2020.

78     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     |     ANNUAL REPORT

More information

Trustees

Hassell H. McClellan, Chairperson

Steven R. Pruchansky, Vice Chairperson

Andrew G. Arnott^†

Charles L. Bardelis^*

James R. Boyle

Peter S. Burgess^*

William H. Cunningham

Grace K. Fey

Marianne Harrison^†

Deborah C. Jackson

James M. Oates^*

Frances G. Rathke^1,*

Gregory A. Russo

Officers

Andrew G. Arnott

President

Charles A. Rizzo

Chief Financial Officer

Salvatore Schiavone

Treasurer

Christopher (Kit) Sechler

Secretary and Chief Legal Officer

Trevor Swanberg²

Chief Compliance Officer

Investment advisor

John Hancock Investment Management LLC

Subadvisor

Unigestion (UK) Limited

Portfolio Managers

Olivier Blin

Joan Lee, CFA

Jérôme Teiletche

Principal distributor

John Hancock Investment Management Distributors LLC

Custodian

Citibank, N.A.

Transfer agent

John Hancock Signature Services, Inc.

Legal counsel

K&L Gates LLP

Independent registered public accounting firm

PricewaterhouseCoopers LLP

^*  Member of the Audit Committee

^†  Non-Independent Trustee

¹  Appointed as Independent Trustee effective as of September 15, 2020

²  Effective July 31, 2020

The fund’s proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.

All of the fund’s holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The fund’s Form N-PORT filings are available on our website and the SEC’s website, sec.gov.

We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.

You can also contact us:
800-225-5291	Regular mail:	Express mail:
jhinvestments.com	John Hancock Signature Services, Inc.	John Hancock Signature Services, Inc.
	P.O. Box 219909	430 W 7th Street
	Kansas City, MO 64121-9909	Suite 219909
		Kansas City, MO 64105-1407

ANNUAL REPORT      |     JOHN HANCOCK ALTERNATIVE RISK PREMIA FUND     79

Protect yourself by using eDelivery

Signing up for the electronic delivery of your statements and other financial publications is a great way to help protect your privacy. eDelivery provides you with secure, instant access to all of your statements in one convenient location.

BENEFITS OF EDELIVERY

◾	Added security: Password protection helps you safely retrieve documents online
◾	Save time: Receive instant email notification once statements are available
◾	Reduce clutter: View documents online to reduce the amount of paper for filing, shredding, or recycling	jhinvestments.com/login

SIGN UP FOR EDELIVERY TODAY!

Direct shareholders

If you receive statements directly through John Hancock Investment Management and would like to participate in eDelivery, go to jhinvestments.com/login. To log in to your account, click on the “Log in” button on the page’s top right corner. In the “Access your investments account” area, go to the “Individual retirement or mutual fund account” section and select the option that applies to you. Please be aware that you may be required to provide your account number and certain personal account information.

You may revoke your consent at any time by simply visiting jhinvestments.com/login and following the instructions above. You may also revoke consent by calling 800-225-5291 or by writing to us at the following address: John Hancock Signature Services, P.O. Box 219909, Kansas City, MO 64121-9909. We reserve the right to deliver documents to you on paper at any time should the need arise.

Brokerage account shareholders

If you receive statements directly from your bank or broker and would like to participate in eDelivery, go to icsdelivery/live or contact your financial representative.

Not part of the shareholder report

Get your questions answered by using our shareholder resources

ONLINE

◾	Visit jhinvestments.com to access a range of resources for individual investors, from account details and fund information to forms and our latest insight on the markets and economy.
◾	Use our Fund Compare tool to compare thousands of funds and ETFs across dozens of risk and performance metrics—all powered by Morningstar.
◾	Visit our online Tax Center, where you’ll find helpful taxpayer resources all year long, including tax forms, planning guides, and other fund-specific information.
◾	Follow us on Facebook, Twitter, and LinkedIn to get the latest updates on the markets and what’s trending now.

BY PHONE

Call our customer service representatives at 800-225-5291, Monday to Thursday, 8:00 A.M. to 7:00 P.M., and Friday, 8:00 A.M. to 6:00 P.M., Eastern time. We’re here to help!

Not part of the shareholder report

John Hancock family of funds

DOMESTIC EQUITY FUNDS

Blue Chip Growth

Classic Value

Disciplined Value

Disciplined Value Mid Cap

Equity Income

Financial Industries

Fundamental All Cap Core

Fundamental Large Cap Core

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

GLOBAL AND INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

INCOME FUNDS

Bond

California Tax-Free Income

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Short Duration Bond

Short Duration Credit Opportunities

Strategic Income Opportunities

Tax-Free Bond

ALTERNATIVE AND SPECIALTY FUNDS

Absolute Return Currency

Alternative Asset Allocation

Alternative Risk Premia

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

A fund’s investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investment Management at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.

ASSET ALLOCATION

Balanced

Multi-Asset High Income

Multi-Index Lifetime Portfolios

Multi-Index Preservation Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

Retirement Income 2040

EXCHANGE-TRADED FUNDS

John Hancock Multifactor Consumer Discretionary ETF

John Hancock Multifactor Consumer Staples ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Energy ETF

John Hancock Multifactor Financials ETF

John Hancock Multifactor Healthcare ETF

John Hancock Multifactor Industrials ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Materials ETF

John Hancock Multifactor Media and Communications ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Multifactor Technology ETF

John Hancock Multifactor Utilities ETF

ENVIRONMENTAL, SOCIAL, AND GOVERNANCE FUNDS

ESG All Cap Core

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Financial Opportunities

Hedged Equity & Income

Income Securities Trust

Investors Trust

Preferred Income

Preferred Income II

Preferred Income III

Premium Dividend

Tax-Advantaged Dividend Income

Tax-Advantaged Global Shareholder Yield

John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC or Dimensional Fund Advisors LP.

Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to the advisability of investing in, John Hancock Multifactor ETFs.

John Hancock Investment Management

A trusted brand

John Hancock Investment Management is a premier asset manager with a heritage of financial stewardship dating back to 1862. Helping our shareholders pursue their financial goals is at the core of everything we do. It’s why we support the role of professional financial advice and operate with the highest standards of conduct and integrity.

A better way to invest

We serve investors globally through a unique multimanager approach: We search the world to find proven portfolio teams with specialized expertise for every strategy we offer, then we apply robust investment oversight to ensure they continue to meet our uncompromising standards and serve the best interests of our shareholders.

Results for investors

Our unique approach to asset management enables us to provide a diverse set of investments backed by some of the world’s best managers, along with strong risk-adjusted returns across asset classes.

John Hancock Investment Management Distributors LLC ∎ Member FINRA, SIPC

200 Berkeley Street ∎ Boston, MA 02116-5010 ∎ 800-225-5291 ∎ jhinvestments.com

This report is for the information of the shareholders of John Hancock Alternative Risk Premia Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

MF1399305	47A 10/20
	12/2020

ITEM 2. CODE OF ETHICS.

As of the end of the period, October 31, 2020, the registrant has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its Chief Executive Officer, Chief Financial Officer and Treasurer (respectively, the principal executive officer, the principal financial officer and the principal accounting officer, the “Senior Financial Officers”). A copy of the code of ethics is filed as an exhibit to this Form N-CSR.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Peter S. Burgess is the audit committee financial expert and is “independent”, pursuant to general instructions on Form N-CSR Item 3.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

(a) Audit Fees

The aggregate fees billed for professional services rendered by the principal accountant for the audits of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements amounted to the following for the fiscal years ended October 31, 2020 and 2019. These fees were billed to the registrant and were approved by the registrant’s audit committee.

Fund	October 31, 2020		October 31, 2019
John Hancock Seaport Long/Short Fund	$	110,407	$	100,525
John Hancock Balanced Fund	$	45,536	$	41,751
John Hancock Global Thematic Opportunities Fund	$	45,393	$	46,285
John Hancock Diversified Macro Fund	$	65,385	$	56,028
John Hancock Alternative Risk Premia Fund	$	133,414		N/A
John Hancock Fundamental Large Cap Core Fund	$	40,115	$	40,088
John Hancock Disciplined Value International Fund	$	53,926	$	54,376
John Hancock ESG Large Cap Core Fund	$	42,972	$	37,765
John Hancock International Dynamic Growth Fund	$	45,393	$	42,725
John Hancock ESG International Equity Fund	$	53,696	$	53,296
John Hancock ESG All Cap Core Fund	$	35,963	$	29,962
John Hancock Emerging Markets Equity Fund	$	42,972	$	40,876

(b) Audit-Related Services

Audit-related service fees for assurance and related services by the principal accountant are billed to the registrant or to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser (“control affiliates”) that provides ongoing services to the registrant. The nature of the services provided was affiliated service provider internal controls reviews and merger related fees.

Fund	October 31, 2020		October 31, 2019
John Hancock Seaport Long/Short Fund	$	604	$	616
John Hancock Balanced Fund	$	604	$	616
John Hancock Global Thematic Opportunities Fund	$	604	$	616
John Hancock Diversified Macro Fund	$	604	$	612
John Hancock Alternative Risk Premia Fund	$	604	$	616
John Hancock Fundamental Large Cap Core Fund	$	604	$	616
John Hancock Disciplined Value International Fund	$	10,334	$	616

John Hancock ESG Large Cap Core Fund	$	604	$	616
John Hancock International Dynamic Growth Fund	$	604	$	616
John Hancock ESG International Equity Fund	$	604	$	616
John Hancock ESG All Cap Core Fund	$	604	$	616
John Hancock Emerging Markets Equity Fund	$	604	$	616

In addition, amounts billed to control affiliates for service provider internal controls reviews were $116,000 and $116,467 for the fiscal years ended October 31, 2020 and 2019, respectively.

(c) Tax Fees

The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning (“tax fees”) amounted to the following for the fiscal years ended October 31, 2020 and 2019. The nature of the services comprising the tax fees was the review of the registrant’s tax returns and tax distribution requirements. These fees were billed to the registrant and were approved by the registrant’s audit committee.

Fund	October 31, 2020		October 31, 2019
John Hancock Seaport Long/Short Fund	$	3,914	$	3,914
John Hancock Balanced Fund	$	3,837	$	5,337
John Hancock Global Thematic Opportunities Fund	$	4,403	$	4,403
John Hancock Diversified Macro Fund	$	8,837	$	3,837
John Hancock Alternative Risk Premia Fund	$	8,914		N/A
John Hancock Fundamental Large Cap Core Fund	$	3,837	$	5,337
John Hancock Disciplined Value International Fund	$	5,653	$	5,903
John Hancock ESG Large Cap Core Fund	$	5,087	$	3,837
John Hancock International Dynamic Growth Fund	$	4,403	$	4,403
John Hancock ESG International Equity Fund	$	4,403	$	4,403
John Hancock ESG All Cap Core Fund	$	3,837	$	3,837
John Hancock Emerging Markets Equity Fund	$	3,837	$	3,837

(d) All Other Fees

Other fees billed for professional services rendered by the principal accountant to the registrant or to the control affiliates for the fiscal years ended October 31, 2020 and 2019 amounted to the following:

Fund	October 31, 2020		October 31, 2019
John Hancock Seaport Long/Short Fund	$	89	$	84
John Hancock Balanced Fund	$	89	$	84
John Hancock Global Thematic Opportunities Fund	$	89	$	84
John Hancock Diversified Macro Fund	$	89		—
John Hancock Alternative Risk Premia Fund	$	89		N/A
John Hancock Fundamental Large Cap Core Fund	$	89	$	84
John Hancock Disciplined Value International Fund	$	89	$	84
John Hancock ESG Large Cap Core Fund	$	89	$	84
John Hancock International Dynamic Growth Fund	$	89	$	84
John Hancock ESG International Equity Fund	$	89	$	84
John Hancock ESG All Cap Core Fund	$	89	$	84
John Hancock Emerging Markets Equity Fund	$	89	$	84

(e)(1) Audit Committee Pre-Approval Policies and Procedures:

The trust’s Audit Committee must pre-approve all audit and non-audit services provided by the independent registered public accounting firm (the “Auditor”) relating to the operations or financial reporting of the funds. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.

The trust’s Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee’s consideration of audit-related and non-audit services by the Auditor. The policies and procedures require that any audit-related and non-audit service provided by the Auditor and any non-audit service provided by the Auditor to a fund service provider that relates directly to the operations and financial reporting of a fund are subject to approval by the Audit Committee before such service is provided. Audit-related services provided by the Auditor that are expected to exceed $25,000 per instance/per fund are subject to specific pre-approval by the Audit Committee. Tax services provided by the Auditor that are expected to exceed $30,000 per instance/per fund are subject to specific pre-approval by the Audit Committee.    

All audit services, as well as the audit-related and non-audit services that are expected to exceed the amounts stated above, must be approved in advance of provision of the service by formal resolution of the Audit Committee. At the regularly scheduled Audit Committee meetings, the Committee reviews a report summarizing the services, including fees, provided by the Auditor.

(e)(2) Services approved pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X:

Audit-Related Fees, Tax Fees and All Other Fees:

There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception under Rule 2-01 of Regulation S-X.

(f) According to the registrant’s principal accountant, for the fiscal period ended October 31, 2020, the percentage of hours spent on the audit of the registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons who were not full-time, permanent employees of principal accountant was less than 50%.

(g) The aggregate non-audit fees billed by the registrant’s accountant for non- audit services rendered to the registrant and rendered to the registrant’s control affiliates for the fiscal years ended October 31, 2020 and 2019 amounted to the following:

Trust	October 31, 2020		October 31, 2019
John Hancock Investment Trust	$	1,179,805	$	1,011,093

(h) The audit committee of the registrant has considered the non-audit services provided by the registrant’s principal accountant(s) to the control affiliates and has determined that the services that were not pre-approved are compatible with maintaining the principal accountant(s)’ independence.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

The registrant has a separately-designated standing audit committee comprised of independent trustees. The members of the audit committee are as follows:

Peter S. Burgess - Chairman

Charles L. Bardelis

James M. Oates

Frances G. Rathke

ITEM 6. SCHEDULE OF INVESTMENTS.

(a) Not applicable.

(b) Not applicable.

ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

Not applicable.

ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

There were no material changes to previously disclosed John Hancock Funds – Nominating and Governance Committee Charter.

ITEM 11. CONTROLS AND PROCEDURES.

(a) Based upon their evaluation of the registrant’s disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-CSR, the registrant’s principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.

(b) There were no changes in the registrant’s internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

ITEM 12. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 13. EXHIBITS.

(a)(1) Code of Ethics for Senior Financial Officers is attached.

(a)(2) Separate certifications for the registrant’s principal executive officer and principal financial officer, as required by Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act of 1940, are attached.

(b) Separate certifications for the registrant’s principal executive officer and principal financial officer, as required by 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, and Rule 30a-2(b) under the Investment Company Act of 1940, are attached. The certifications furnished pursuant to this paragraph are not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section. Such certifications are not deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent that the Registrant specifically incorporates them by reference.

(c)(1) Submission of Matters to a Vote of Security Holders is attached. See attached “John Hancock Funds – Nominating and Governance Committee Charter”.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

John Hancock Investment Trust
By:	/s/ Andrew Arnott
	Andrew Arnott
	President
Date:	December 17, 2020

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/ Andrew Arnott
	Andrew Arnott
	President
Date:	December 17, 2020

By:	/s/ Charles A. Rizzo
	Charles A. Rizzo
	Chief Financial Officer
Date:	December 17, 2020